RestIT
ActiveSummary
RestIT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,577 and a net result of €41,853. Its solvency ranks better than 81% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-10-2024 Normal situation
- Activity
- Computer programming NACE 62100and 5 others
- Establishment unit
- 2.364.624.230 8760 Tielt, since 03-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-10-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €56,105
- ▲ 202%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €41,853
- ▲ 249%
- Equity
- €51,577
- ▲ 353%
- Total assets
- €61,147
- ▲ 75.8%
Score breakdownraises riskFounded in 2024lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 4.99, cash €29,268Equity €51,577 (84.4% of total assets)Show 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 85% of them on solvency, 87% on liquidity, 82% on profitability and 97% on growth.
The bankruptcy probability was computed on 01-11-2026 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 2 accounts on average 46 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 15-06-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 3.5 times that of 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €5,254 | €10,968 |
| Financial fixed assets | - | €0 |
| Depreciation and write-downs of the year | €3,466 | €2,577 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as RestIT: computer programming (NACE 62100). They are comparable in size and age: total assets between €58,000 and €73,700, founded in 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| RestIT Tielt | 2024 | €61,147 | €51,577 | €56,105 | €41,853 | 2025 |
| MICLA TECH Izegem | 2024 | €73,737 | €29,628 | €53,634 | €27,628 | 2025 |
| GREYS Consult Oudsbergen | 2024 | €61,895 | €48,401 | €59,031 | €43,401 | 2025 |
| VAGASOFT Anhée | 2024 | €64,543 | €49,765 | €63,166 | €50,098 | 2025 |
| SmartPawn Company Anderlecht | 2024 | €57,988 | €36,740 | €53,344 | €35,452 | 2025 |
| Justin Michiels IT Laakdal | 2024 | €59,997 | €38,302 | €50,367 | €35,302 | 2025 |
| MEGAWILLS Waterloo | 2024 | €61,695 | €34,744 | €55,738 | €42,621 | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as RestIT has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of RestIT itself is lower: < 0.1% within 12 months. It rests on far more data about RestIT than the profile alone.
Test of the method
The method was tested on the 497,445 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 39,278 companies, not a prediction for RestIT. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,466 | €2,577 | ▼ 25.6% |
| Other operating charges640/8 | - | €435 | - |
| Gross operating margin9900 | €18,573 | €56,105 | ▲ 202% |
| Operating profit (loss)9901 | €15,106 | €53,093 | ▲ 251% |
| Financial income75/76B | €15 | €40 | ▲ 169% |
| Recurring financial income75 | €15 | €40 | ▲ 169% |
| Financial charges65/66B | €9 | €392 | ▲ 44× |
| Recurring financial charges65 | €9 | €392 | ▲ 44× |
| Profit (loss) for the period before taxes9903 | €15,112 | €52,742 | ▲ 249% |
| Income taxes67/77 | €3,122 | €10,888 | ▲ 249% |
| Profit (loss) for the period9904 | €11,990 | €41,853 | ▲ 249% |
| Profit (loss) for the period to be appropriated9905 | €11,990 | €41,853 | ▲ 249% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €34,785 | €61,147 | ▲ 75.8% |
| Fixed assets21/28 | €4,990 | €13,380 | ▲ 168% |
| Tangible fixed assets22/27 | €4,990 | €13,380 | ▲ 168% |
| Plant, machinery and equipment23 | €2,204 | €3,764 | ▲ 70.8% |
| Furniture and vehicles24 | €2,785 | €9,616 | ▲ 245% |
| Current assets29/58 | €29,796 | €47,767 | ▲ 60.3% |
| Amounts receivable within one year40/41 | €14,641 | €17,402 | ▲ 18.9% |
| Trade receivables40 | €14,641 | €10,164 | ▼ 30.6% |
| Other amounts receivable41 | - | €7,238 | - |
| Cash at bank and in hand54/58 | €14,663 | €29,268 | ▲ 99.6% |
| Deferred charges and accrued income490/1 | €492 | €1,097 | ▲ 123% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €34,785 | €61,147 | ▲ 75.8% |
| Equity10/15 | €11,390 | €51,577 | ▲ 353% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | €10,390 | €50,577 | ▲ 387% |
| Distributable reserves133 | €10,390 | €50,577 | ▲ 387% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €23,395 | €9,569 | ▼ 59.1% |
| Amounts payable within one year42/48 | €23,395 | €9,569 | ▼ 59.1% |
| Financial debts43 | €233 | €1,524 | ▲ 554% |
| Other loans439 | €233 | €1,524 | ▲ 554% |
| Trade debts44 | €1,955 | €2,326 | ▲ 19.0% |
| Suppliers440/4 | €1,955 | €2,326 | ▲ 19.0% |
| Taxes, remuneration and social security45 | €12,834 | €3,296 | ▼ 74.3% |
| Taxes450/3 | €8,934 | €1,446 | ▼ 83.8% |
| Remuneration and social security454/9 | €3,900 | €1,850 | ▼ 52.6% |
| Other amounts payable47/48 | €8,373 | €2,424 | ▼ 71.0% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €11,990 | €41,853 | ▲ 249% |
| + Depreciation and write-downs630 | €3,466 | €2,577 | ▼ 25.6% |
| Operating cash flow (approximation) | €15,456 | €44,431 | ▲ 187% |
| Investment in fixed assets (approximation) | - | -€10,968 | - |
| Change in cash | - | €14,605 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- RESTIAENS Kevin €1,000 in cash
Capital transactions
- 07-10-2024 Incorporation · €1,000
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Wanneer de bestuurders een collegiaal orgaan vormen en de plaats van een bestuurder openvalt vóór het einde van zijn mandaat, hebben de…”“Bij bevestiging volbrengt de gecoöpteerde bestuurder het mandaat van zijn voorganger, tenzij de algemene vergadering er anders over beslist…”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Goedkeuring derde, indien voorkooprecht niet wordt uitgeoefend of aantal aandelen waarvoor het wordt uitgeoefend lager ligt dan aantal…”“Schadevergoeding, aandeelhouder die heeft overgedragen in strijd met artikel 9.2 is bij wijze van forfaitaire schadevergoeding het bedrag…”
Articles of association, deed of 07-10-2024 (in Dutch)
Network & group
RestIT shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of RestIT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-10
Gazette deed
IncorporationStarting capital €1,000 · Appointment: RESTIAENS Kevin (director) · Founder4 points ▸
- Incorporation, 01-10-2024
- Founder, RESTIAENS Kevin (hoofdelijk aansprakelijke aandeelhouder, oprichter en aandeelhouder)
- Founding capital, €1,000
- Director appointment, RESTIAENS Kevin (director)
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
10 activities
- - De aankoop, verkoop, marketing, reparatie en onderhoud van software, hardware computers of communicatie, computersystemen, kantoorautomatiseringsapparatuur;
- - Alle activiteiten gerelateerd aan beveiligingssystemen, inclusief maar niet beperkt tot: verkoop, aankoop, import-export, makelaardij, installatie, onderhoud, productie van alle apparatuur in het algemeen.
- - De studie, het advies, de expertise, de engineering en alle diensten van diensten in het kader van de vooraf beschreven activiteiten.
- - Het advies, de training, de ontwikkeling en de productie op het gebied van telecommunicatie en informatietechnologie, inclusief hardware en software;
- - Het ontwerp, de programmering, de installatie en het onderhoud van alle computernetwerken of telecommunicatie, de keuze van technologieën en onderaannemers;
- - Het ontwerp, de ontwikkeling, de aankoop, de verkoop, de import, de export, de representatie, de levering, de verhuur en de after-sales service van alle software en accessoires, installaties en IT-verbruiksartikelen, computers, communicatie- en telecommunicatiesystemen, randapparatuur en diensten;
- - De verkoop van telecommunicatie- en internetdiensten aan particulieren en bedrijven;
- - Het hosten van e-businessprojecten met als kenmerk het ontwikkelen van internetprojecten;
- - Alle verrichtingen met betrekking tot het aanvaarden en uitoefenen van mandaten met betrekking tot de administratie, management, leiding, controle en liquidatie van alle bedrijven, bedrijven of verenigingen;
- De vennootschap heeft tevens tot voorwerp, alle activiteiten als holding, patrimoniumvennootschap, beheermaatschappij, managementvennootschap, financier, adviseur op alle domeinen waarin zij competent is, en waarin zij actief mag zijn in overeenstemming met de wettelijke reglementeringen, dit alles ter uitsluiting van de activiteiten inzake beleggingsadvies en vermogensbeheer die overeenkomstig de wet van vier december negentienhonderd negentig en latere uitvoeringsbesluiten aan een wettelijk erkennings- en inschrijvingsregime onderworpen zijn, en voor zover daartoe geen erkenning en inschrijving werd bekomen, en ter uitsluiting van alle andere activiteiten wettelijk voorbehouden aan erkende financiële instellingen en andere tussenpersonen.
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 |
|---|---|---|---|---|
| 37007F0606/00K000 | Flanders | 699 m² | 1 · 132 m² | 5.9 m · 1 |