RheumaFinder

Active

Private limited companyfounded 20233 yrs activeVlasgaardstraat 52, 9000 Gent, BelgiumKBO/BCE: BE 0801.688.964

Summary

The annual accounts of RheumaFinder for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €364,098 and a net result of -€284,346. Its solvency ranks better than 33% of 20890 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch Report Compare

RheumaFinderActiveChecked score 54/100

Risk analysis Report Compare

Activity

Computer programming

NACE 62100NACE 62010

1 site

Size

€939,100total assets 2025

Staff: 3 FTE
Equity: €364,098
Loss: -€284,346

Turnover not published (abridged schema)

Financial health

54 Fair Checked score 2025

Bankruptcy chance 12 m: 0.1%

Structure

Largest shareholder: Novalis II · 27.69%
Board: 5 members

Accounts 1 d early2 of 4 deeds read

Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €284,346, the second in a row (FY 2025)+ Sector Computer programming, consultancy and related activities (NACE 62)+ Size: total assets €939,100+ Liquidity: current ratio 2.72, cash €176,856Show the evidence

Checked score

Score 2025

54 / 100

Fair

Probability in this band: 1.5% to 4.2%

Better than 29% of its sector peers (NACE 62, micro)

Performance against the sector, not lower risk

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.

Financial strength · tick = 2024

Average

Solvency 64-36

equity 38.8% of total assets

Liquidity 74-7

short-term debt 8.9% · cash 18.8%

Profitability 0-15

return on assets -30.3%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,833 companies)

Last 24 months 11-2024: 0.4% 12-2024: 0.5%▲ +14.2% vs 11-2024 01-2025: 0.5%▲ +7.1% vs 12-2024 02-2025: 0.5%▼ -3.0% vs 01-2025 03-2025: 0.5%▲ +0.2% vs 02-2025 04-2025: 0.6%▲ +9.5% vs 03-2025 05-2025: 0.6%▲ +5.5% vs 04-2025 06-2025: 0.6%▲ +1.3% vs 05-2025highest value 07-2025: 0.6%▼ -1.6% vs 06-2025 08-2025: < 0.1%▼ -94.1% vs 07-2025lowest value 09-2025: < 0.1%● 0.0% vs 08-2025lowest value 10-2025: < 0.1%● 0.0% vs 09-2025lowest value 11-2025: < 0.1%● 0.0% vs 10-2025lowest value 12-2025: < 0.1%● 0.0% vs 11-2025lowest value 01-2026: < 0.1%● 0.0% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%▲ +2.8% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%▲ +2.7% vs 04-2026 06-2026: < 0.1%▲ +7.9% vs 05-2026 07-2026: < 0.1%▲ +4.9% vs 06-2026 08-2026: 0.1%▲ +142% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026

Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
Loss of €284,346, the second in a row (FY 2025) raises the probability
Size: total assets €939,100 lowers the probability for this profile
Liquidity: current ratio 2.72, cash €176,856 lowers the probability

Credit up to €19,000 at 30 days only on tighter terms

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity ample (current ratio 2.72 against 6.2 in 2024; short-term debt: 8.9% and cash: 18.8% of total assets), but 61.2% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 35%, liquidity 57%, profitability 5%, growth against the median 19%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Sector Computer programming, consultancy and related activities (NACE 62)

In the bankruptcy model this factor lowers the probability.

KBO

Loss of €284,346, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Size: total assets €939,100

In the bankruptcy model this factor lowers the probability for this profile.

NBB · annual accounts

Liquidity: current ratio 2.72, cash €176,856

In the bankruptcy model this factor lowers the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

2425

2024 to 2025 · latest year -€284,346

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

1 d early

2024

27 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

06-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

30-07-26 Annual accounts filedfiscal year 2025 · micro…
24-04-26 Capital & shares · Statutes amendmentCapital increase
08-12-25 Resignations: Ceelen Consultancy, Mobio Consult and…Permanent representatives: CEELEN Liesbeth, MORTIEN…

Key points

Caution: Result fell in 2025from -€16,541 to -€284,346 ▼ 1,619% View
Caution: Among the weakest 5% on net resultsector median €28,724 · 20,897 companies -€284,346 View
Board changedlatest change 08-12-2025 · 5 in office 4 joined · 1 left View
Flemish supportawarded 2023 - 2025 €502,698 View