ReleaseIT
ActiveSummary
ReleaseIT has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,432 and a net result of -€11,616. Equity has been shrinking by about 27% per year since 2022. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 35% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-12-2017 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200and 4 others
- Establishment unit
- 2.271.095.345 2400 Mol, since 14-12-2017
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €8,714
- Turnover
- ≈ €46,000
- estimated
- Loss
- €11,616
- ▼ 53.7%
- Equity
- €18,432
- ▼ 38.7%
- Total assets
- €44,541
- ▲ 30.8%
Score breakdownraises riskLoss of €11,616, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €44,541Liquidity: current ratio 1.11, cash €13,953Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 37% of them on solvency, 42% on liquidity, 5% on profitability and 17% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 15 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,278, smaller than the loss of €21,870 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €23,386 | €17,966 | €3,607 | - |
| Financial fixed assets | €357 | - | - | €1,000 |
| Depreciation and write-downs of the year | €3,986 | €7,867 | €8,996 | €8,175 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €407 awarded · €407 paid| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,986 | €7,867 | €8,996 | €8,175 | ▼ 9.1% |
| Other operating charges640/8 | €706 | €964 | €758 | €1,188 | ▲ 56.8% |
| Non-recurring operating charges66A | - | - | - | €8,630 | - |
| Gross operating margin9900 | €26,999 | €22,862 | -€12,117 | €8,714 | - |
| Operating profit (loss)9901 | €22,307 | €14,031 | -€21,870 | -€9,278 | ▲ 57.6% |
| Financial income75/76B | €20 | €4 | €0 | - | - |
| Recurring financial income75 | €20 | €4 | €0 | - | - |
| Financial charges65/66B | €812 | €1,727 | €2,885 | €2,122 | ▼ 26.5% |
| Recurring financial charges65 | €812 | €1,727 | €2,885 | €2,122 | ▼ 26.5% |
| Profit (loss) for the period before taxes9903 | €21,514 | €12,307 | -€24,756 | -€11,400 | ▲ 53.9% |
| Income taxes67/77 | €5,204 | €3,317 | €333 | €215 | ▼ 35.3% |
| Profit (loss) for the period9904 | €16,310 | €8,990 | -€25,088 | -€11,616 | ▲ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €16,310 | €8,990 | -€25,088 | -€11,616 | ▲ 53.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €61,416 | €69,419 | €34,054 | €44,541 | ▲ 30.8% |
| Fixed assets21/28 | €23,442 | €28,037 | €22,648 | €15,472 | ▼ 31.7% |
| Tangible fixed assets22/27 | €23,085 | €27,679 | €22,290 | €14,115 | ▼ 36.7% |
| Plant, machinery and equipment23 | €13,125 | €9,489 | €7,824 | €4,530 | ▼ 42.1% |
| Furniture and vehicles24 | €4,455 | €8,099 | €5,476 | €1,695 | ▼ 69.0% |
| Other tangible fixed assets26 | - | €10,092 | €8,991 | €7,890 | ▼ 12.2% |
| Assets under construction and advance payments27 | €5,505 | - | - | - | - |
| Financial fixed assets28 | €357 | €357 | €357 | €1,357 | ▲ 280% |
| Current assets29/58 | €37,974 | €41,382 | €11,406 | €29,068 | ▲ 155% |
| Amounts receivable within one year40/41 | €2,191 | €17,580 | €3,442 | €15,115 | ▲ 339% |
| Trade receivables40 | €116 | €16,097 | €58 | €14,155 | ▲ 244× |
| Other amounts receivable41 | €2,075 | €1,483 | €3,384 | €960 | ▼ 71.6% |
| Cash at bank and in hand54/58 | €35,782 | €23,803 | €7,963 | €13,953 | ▲ 75.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €61,416 | €69,419 | €34,054 | €44,541 | ▲ 30.8% |
| Equity10/15 | €46,146 | €55,136 | €30,047 | €18,432 | ▼ 38.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,546 | €27,546 | €27,546 | €27,546 | = |
| Distributable reserves133 | €27,546 | €27,546 | €27,546 | €27,546 | = |
| Profit (loss) carried forward14 | - | €8,990 | -€16,098 | -€27,714 | ▼ 72.2% |
| Amounts payable17/49 | €15,270 | €14,283 | €4,006 | €26,109 | ▲ 552% |
| Amounts payable within one year42/48 | €15,270 | €14,283 | €4,006 | €26,109 | ▲ 552% |
| Trade debts44 | €8,561 | €718 | €830 | €2,044 | ▲ 146% |
| Suppliers440/4 | €8,561 | €718 | €830 | €2,044 | ▲ 146% |
| Taxes, remuneration and social security45 | €3,510 | €12,957 | €333 | €4,473 | ▲ 13× |
| Taxes450/3 | €3,510 | €12,957 | €333 | €2,298 | ▲ 591% |
| Remuneration and social security454/9 | - | - | - | €2,175 | - |
| Other amounts payable47/48 | €3,199 | €609 | €2,844 | €19,592 | ▲ 589% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,310 | €8,990 | -€25,088 | -€11,616 | ▲ 53.7% |
| + Depreciation and write-downs630 | €3,986 | €7,867 | €8,996 | €8,175 | ▼ 9.1% |
| Operating cash flow (approximation) | €20,296 | €16,858 | -€16,093 | -€3,440 | ▲ 78.6% |
| Investment in fixed assets (approximation) | - | -€12,462 | -€3,607 | -€1,000 | ▲ 72.3% |
| Change in cash | - | -€11,980 | -€15,839 | €5,990 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as ReleaseIT has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ReleaseIT itself is lower: 0.1% within 12 months. It rests on far more data about ReleaseIT than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,591 companies, not a prediction for ReleaseIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KESSELAERS Maarten |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Rechten waarvan overdracht wordt voorgesteld, helft overdrager/helft koper(s) naar evenredigheid aantal”
Articles of association, deed of 27-07-2022 (in Dutch)
Network & group
ReleaseIT shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of ReleaseIT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
27-07
Gazette deed
Change of role: KESSELAERS Maarten, from manager to directorRegistered-office move · Auditor report · Net-asset statement14 points ▸
- General meeting, 12-07-2022
- Registered-office move, 2400Mol,Sluis72
- Other provision, 14-06-2022
- Auditor report, 14-06-2022
- Net-asset statement, 30-04-2022
- Other provision, “overeenkomstigdewettelijkebepalingen, ondernemingsrechtbankteAntwerpen” (deed in Dutch)
- Legal-form conversion, “beslotenvennootschap” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Director resignation, KESSELAERS Maarten (manager)
- Director appointment, KESSELAERS Maarten (director (not named in the articles))
- Other provision, “beroepsverbod” (deed in Dutch)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13432B0667/00G002 | Flanders | 895 m² | 1 · 211 m² | 8.4 m · 1 |