SAPCOM
ActiveSummary
SAPCOM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€33,390) and a net result of €47,162. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 17220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+61
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.41 in 2024; short-term debt: 132.9% and cash: 2.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-32.9%
Return on assets
46.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 17220 sector peers (2025).
NBB · sector comparisonPosition among 17220 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
28 d late
2023
75 d early
2022
1 d late
2021
16 d early
2020
30 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after 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)
neutral · 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. Usually files around 15 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€33,390▲ 58.5%
2024 · -€80,552
Total assets
€101,613▲ 82.7%
2024 · €55,608
Net result
€47,162▲ 16,033%
2024 · €292
Working capital
-€33,390▲ 58.3%
2024 · -€80,165
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€19,651▼ 12.4%-€5,410▲ 72.5%-€2,011▲ 62.8%-€1,995▲ 0.8%-€2,067▼ 3.6%
Net result-€16,345below the sector's middle half▼ 12.0%-€8,591below the sector's middle half▲ 47.4%-€780below the sector's middle half▲ 90.9%€292below the sector's middle half€47,162within the sector's middle half▲ 16,033%
Equity-€71,474below the sector's middle half▼ 29.6%-€80,065below the sector's middle half▼ 12.0%-€80,845below the sector's middle half▼ 1.0%-€80,552below the sector's middle half▲ 0.4%-€33,390below the sector's middle half▲ 58.5%
Total assets€83,188within the sector's middle half▼ 2.0%€60,831below the sector's middle half▼ 26.9%€59,824below the sector's middle half▼ 1.7%€55,608below the sector's middle half▼ 7.0%€101,613within the sector's middle half▲ 82.7%
Debt€154,662▲ 10.4%€140,895▼ 8.9%€140,669▼ 0.2%€136,160▼ 3.2%€135,003▼ 0.8%
Working capital-€71,474below the sector's middle half▼ 29.6%-€80,065below the sector's middle half▼ 12.0%-€80,845below the sector's middle half▼ 1.0%-€80,165below the sector's middle half▲ 0.8%-€33,390below the sector's middle half▲ 58.3%
Solvency-85.9%below the sector's middle half▼ 21.0pp-131.6%below the sector's middle half▼ 45.7pp-135.1%below the sector's middle half▼ 3.5pp-144.9%below the sector's middle half▼ 9.7pp-32.9%below the sector's middle half▲ 112.0pp
Current ratio0.54below the sector's middle half▼ 0.070.43below the sector's middle half▼ 0.110.43below the sector's middle half▼ 0.010.41below the sector's middle half▼ 0.020.75below the sector's middle half▲ 0.34
Return on assets (ROA)-19.6%below the sector's middle half▼ 2.5pp-14.1%below the sector's middle half▲ 5.5pp-1.3%below the sector's middle half▲ 12.8pp0.5%below the sector's middle half▲ 1.8pp46.4%above the sector's middle half▲ 45.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2,067 in 2025 against €1,995 in 2024; the loss grows.
Key figures and ratios
Debt to equity
-4.04▼
2024 · -1.69
Debt ≤ 1 year
€135,003▼
2024 · €135,773
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €402 | €348 | €503 | €451 | €465 | ▲ 3.2% |
| Gross operating margin9900 | -€19,249 | -€5,063 | -€1,508 | -€1,544 | -€1,602 | ▼ 3.7% |
| Operating profit (loss)9901 | -€19,651 | -€5,410 | -€2,011 | -€1,995 | -€2,067 | ▼ 3.6% |
| Financial income75/76B | €3,528 | €483 | €346 | €2,384 | €50,889 | ▲ 2,035% |
| Recurring financial income75 | €3,528 | €483 | €346 | €2,384 | €50,889 | ▲ 2,035% |
| Financial charges65/66B | €45 | €3,417 | €15 | €96 | €1,659 | ▲ 1,628% |
| Recurring financial charges65 | €45 | €3,417 | €15 | €96 | €1,659 | ▲ 1,628% |
| Profit (loss) for the period before taxes9903 | -€16,168 | -€8,345 | -€1,680 | €292 | €47,162 | ▲ 16,033% |
| Income taxes67/77 | €176 | €246 | -€901 | - | - | - |
| Profit (loss) for the period9904 | -€16,345 | -€8,591 | -€780 | €292 | €47,162 | ▲ 16,033% |
| Profit (loss) for the period to be appropriated9905 | -€16,345 | -€8,591 | -€780 | €292 | €47,162 | ▲ 16,033% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,188 | €60,831 | €59,824 | €55,608 | €101,613 | ▲ 82.7% |
| Current assets29/58 | €83,188 | €60,831 | €59,824 | €55,608 | €101,613 | ▲ 82.7% |
| Amounts receivable within one year40/41 | €4,336 | €2,700 | €2,804 | €119 | €177 | ▲ 48.8% |
| Trade receivables40 | €2,700 | €2,700 | €2,700 | - | - | - |
| Other amounts receivable41 | €1,636 | - | €104 | €119 | €177 | ▲ 48.8% |
| Current investments50/53 | €75,855 | €56,375 | €56,375 | €53,482 | €98,631 | ▲ 84.4% |
| Cash at bank and in hand54/58 | €2,997 | €1,756 | €645 | €2,007 | €2,805 | ▲ 39.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,188 | €60,831 | €59,824 | €55,608 | €101,613 | ▲ 82.7% |
| Equity10/15 | -€71,474 | -€80,065 | -€80,845 | -€80,552 | -€33,390 | ▲ 58.5% |
| Contributions10/11 | €14,400 | €14,400 | €14,400 | €14,400 | €14,400 | = |
| Profit (loss) carried forward14 | -€85,874 | -€94,465 | -€95,245 | -€94,952 | -€47,790 | ▲ 49.7% |
| Amounts payable17/49 | €154,662 | €140,895 | €140,669 | €136,160 | €135,003 | ▼ 0.8% |
| Amounts payable within one year42/48 | €154,662 | €140,895 | €140,669 | €135,773 | €135,003 | ▼ 0.6% |
| Trade debts44 | €1,284 | €331 | €414 | €469 | €407 | ▼ 13.3% |
| Suppliers440/4 | €1,284 | €331 | €414 | €469 | €407 | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €102 | - | - | - | - |
| Taxes450/3 | - | €102 | - | - | - | - |
| Other amounts payable47/48 | €153,378 | €140,463 | €140,254 | €135,304 | €134,596 | ▼ 0.5% |
| Accrued charges and deferred income492/3 | - | - | - | €387 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,345 | -€8,591 | -€780 | €292 | €47,162 | ▲ 16,033% |
| Operating cash flow (approximation) | -€16,345 | -€8,591 | -€780 | €292 | €47,162 | ▲ 16,033% |
| Change in cash | - | -€1,241 | -€1,111 | €1,362 | €799 | ▼ 41.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €47,162 ▲16,033%
Net result €47,162, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €292
Net result €292 after 6 loss-making years.
17-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€16,345
Net result drops to -€16,345, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2000
Ground area
792 m²
Building footprint
179 m²
Volume, LiDAR
2,030 m³
Parcel 24504E0083/00C002, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SAPCOM
since 20002.116.087.860
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24504E0083/00C002 | Flanders | 792 m² | 1 · 179 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600GQZZ8PBUEK1168
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 6,952 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
Contact
E-mail
erik.verstreken@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473258941
Also
9925:BE0473258941
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.