Equity
SettinX has made a profit without a break since 2019.
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 63, micro). It does better than 65% of them on solvency, 76% on liquidity, 65% on profitability and 76% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 34,693 companies had the same profile as SettinX has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of SettinX itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 34,693 companies, not a prediction for SettinX. 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.
Liquidity is ample, with a current ratio of 3.14 (2.02 in 2025), above the usual 1.5. Short-term debt is 30.1% and cash 47.3% of total assets. 30.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 6 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SettinX Bilzen-Hoeselt | €171,083 | €58,117 | 69.6% | - |
| SOLID BRACKETS Ranst | €194,216 | €63,966 | 95.3% | - |
| TRIBOP Anderlecht | €217,372 | €56,469 | 92.8% | - |
| Codens Houthulst | €212,247 | €70,267 | 57.6% | - |
| LIM-IT Bilzen-Hoeselt | €156,649 | €39,295 | 27.0% | - |
| BICRAW Consulting Hasselt | €163,759 | €52,928 | 24.8% | - |
| NEngineering Diepenbeek | €136,311 | €44,868 | 74.4% | - |
These companies have the same main activity as SettinX: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €136,000 and €217,000, founded between 2013 and 2017.
SettinX files the micro format. That format states no turnover. The gross margin rose from €29,891 in 2015 to €58,117 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €120,000 and €300,000.
Higher than 48% of 2,302 companies in 2025.
Higher than 47% of 2,199 companies in 2025.
Higher than 49% of 2,233 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
171,083 | 159,545 | 129,361 | 143,483 | 122,076 | 92,663 | 77,704 | 60,667 | 53,924 | 60,811 | 56,205 | 73,440 | |
20 |
- | - | - | - | - | - | - | - | 427 | 892 | 1,358 | 1,824 | |
21/28 |
9,262 | 13,350 | 17,568 | 23,356 | 30,099 | 2,229 | 3,264 | 4,407 | 8,202 | 14,206 | 22,379 | 27,790 | |
22/27 |
9,262 | 13,350 | 17,568 | 23,356 | 30,099 | 2,229 | 3,264 | 4,407 | 8,202 | 14,206 | 21,021 | 25,966 | |
23 |
2,117 | - | - | - | - | - | - | - | - | - | - | - | |
24 |
3,670 | 9,340 | 16,089 | 21,627 | 28,120 | - | 785 | 1,678 | 5,223 | 10,976 | 21,021 | 25,966 | |
26 |
3,475 | 4,010 | 1,479 | 1,729 | 1,979 | 2,229 | 2,479 | 2,729 | 2,979 | 3,229 | - | - | |
29/58 |
161,821 | 146,195 | 111,793 | 120,127 | 91,977 | 90,434 | 74,439 | 56,259 | 45,296 | 45,713 | 33,826 | 45,651 | |
3 |
25,165 | 19,397 | 6,501 | 14,773 | 9,660 | 20,522 | 2,443 | 6,964 | 4,210 | 5,125 | 10,593 | 13,881 | |
30/36 |
25,165 | 19,397 | 6,501 | 14,773 | 9,660 | 20,522 | 2,443 | 6,964 | 4,210 | 5,125 | 10,593 | 13,881 | |
40/41 |
51,897 | 8,351 | 29,168 | 51,049 | 33,332 | 30,499 | 38,655 | 41,817 | 22,977 | 28,755 | 17,456 | 27,559 | |
40 |
48,646 | 7,669 | 28,486 | 50,859 | 30,189 | 23,559 | 38,655 | 40,567 | 22,977 | 27,128 | 12,960 | 26,056 | |
41 |
3,250 | 682 | 682 | 190 | 3,143 | 6,940 | - | 1,250 | - | 1,627 | 4,496 | 1,503 | |
50/53 |
1,250 | 1,250 | 1,250 | 1,250 | 1,250 | - | - | - | - | - | - | - | |
54/58 |
80,873 | 114,694 | 73,907 | 51,784 | 46,950 | 38,644 | 33,341 | 7,272 | 17,793 | 10,935 | 4,965 | 1,031 | |
490/1 |
2,636 | 2,504 | 966 | 1,271 | 785 | 769 | - | 206 | 315 | 899 | 812 | 3,179 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
171,083 | 159,545 | 129,361 | 143,483 | 122,076 | 92,663 | 77,704 | 60,667 | 53,924 | 60,811 | 56,205 | 73,440 | |
10/15 |
119,122 | 84,117 | 62,698 | 59,189 | 54,103 | 40,885 | 30,597 | 20,451 | 12,039 | 16,699 | 13,191 | 21,087 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
100,522 | 65,517 | 44,098 | 40,589 | 35,503 | 22,285 | 11,997 | 2,487 | 2,487 | 2,487 | 2,487 | 2,487 | |
130/1 |
0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
0 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
100,522 | 63,657 | 42,238 | 38,729 | 33,643 | 20,425 | 10,137 | 627 | 627 | 627 | 627 | 627 | |
14 |
- | - | - | - | - | - | - | -636 | -9,048 | -4,388 | -7,897 | - | |
17/49 |
51,961 | 75,428 | 66,664 | 84,294 | 67,974 | 51,777 | 47,107 | 40,216 | 41,885 | 44,112 | 43,014 | 52,353 | |
17 |
0 | 2,900 | 8,657 | 14,357 | 19,999 | - | - | - | - | 3,894 | 7,660 | 11,303 | |
170/4 |
0 | 2,900 | 8,657 | 14,357 | 19,999 | - | - | - | - | 3,894 | 7,660 | 11,303 | |
42/48 |
51,501 | 72,504 | 57,806 | 69,542 | 47,975 | 51,577 | 47,107 | 39,771 | 41,656 | 39,995 | 34,660 | 40,784 | |
42 |
2,900 | 5,757 | 5,699 | 5,642 | 5,586 | - | - | - | 3,894 | 3,766 | 3,642 | 3,523 | |
44 |
43,433 | 27,621 | 21,893 | 37,020 | 18,330 | 29,098 | 15,182 | 16,754 | 10,175 | 8,573 | 3,784 | 16,498 | |
440/4 |
43,433 | 27,621 | 21,893 | 37,020 | 18,330 | 29,098 | 15,182 | 16,754 | 10,175 | 8,573 | 3,784 | 16,498 | |
46 |
- | - | - | - | - | - | - | - | - | - | 100 | - | |
45 |
2,027 | 19,264 | 8,885 | 5,026 | 1,804 | 25 | 9,320 | 297 | 4,544 | 2,884 | 11,086 | 1,720 | |
450/3 |
2,027 | 17,425 | 8,885 | 5,026 | 50 | 25 | 7,587 | 297 | 2,844 | 2,884 | 2,477 | 1,720 | |
454/9 |
0 | 1,840 | - | - | 1,754 | - | 1,733 | - | 1,700 | - | 8,609 | - | |
47/48 |
3,140 | 19,861 | 21,329 | 21,853 | 22,255 | 22,455 | 22,606 | 22,720 | 23,043 | 24,772 | 16,048 | 19,043 | |
492/3 |
460 | 24 | 200 | 396 | - | 200 | - | 444 | 229 | 223 | 694 | 266 | |
| Income statement | |||||||||||||
9900 |
58,117 | 38,137 | 14,877 | 14,932 | 16,191 | 19,193 | 16,914 | 18,103 | 3,546 | 12,186 | 17,336 | 29,891 | |
62 |
- | - | - | - | 287 | - | - | - | 300 | - | 16,097 | 16,956 | |
630 |
7,285 | 7,065 | 6,911 | 6,743 | 3,588 | 1,035 | 1,143 | 6,577 | 6,793 | 7,586 | 8,015 | 7,464 | |
640/8 |
849 | 629 | 2,377 | 611 | 419 | 578 | 549 | 622 | 616 | 618 | 543 | 352 | |
9901 |
49,983 | 30,442 | 5,589 | 7,578 | 11,896 | 17,580 | 15,223 | 10,904 | -4,163 | 3,982 | -7,319 | 5,118 | |
75/76B |
308 | 334 | 28 | 282 | 6,650 | 409 | 60 | - | 2 | 33 | 0 | 6 | |
75 |
308 | 334 | 28 | 282 | 6,650 | 409 | 60 | - | 2 | 33 | 0 | 6 | |
65/66B |
1,442 | 411 | 429 | 564 | 503 | 3,217 | 577 | 460 | 327 | 429 | 498 | 942 | |
65 |
1,442 | 411 | 429 | 564 | 503 | 3,217 | 577 | 460 | 327 | 429 | 498 | 942 | |
9903 |
48,849 | 30,365 | 5,189 | 7,297 | 18,043 | 14,772 | 14,706 | 10,444 | -4,488 | 3,585 | -7,816 | 4,183 | |
67/77 |
13,844 | 8,946 | 1,680 | 2,210 | 4,826 | 4,483 | 4,561 | 2,032 | 173 | 77 | 80 | 1,696 | |
9904 |
35,005 | 21,420 | 3,509 | 5,086 | 13,217 | 10,289 | 10,146 | 8,412 | -4,660 | 3,509 | -7,897 | 2,487 | |
9905 |
35,005 | 21,420 | 3,509 | 5,086 | 13,217 | 10,289 | 10,146 | 8,412 | -4,660 | 3,509 | -7,897 | 2,487 | |
| Appropriation of the result | |||||||||||||
9906 |
35,005 | 21,420 | 3,509 | 5,086 | 13,217 | 10,289 | 9,509 | -636 | -9,048 | -4,388 | -7,897 | 2,487 | |
691/2 |
35,005 | 21,420 | 3,509 | 5,086 | 13,217 | 10,289 | 9,509 | - | - | - | - | 2,487 | |
6920 |
- | 21,420 | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
35,005 | - | 3,509 | 5,086 | 13,217 | 10,289 | 9,509 | - | - | - | - | 627 | |
| Social balance sheet | |||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | 0.4 | 0.8 | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | 464 | 479 | |
| Document | |||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 14-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 14-10-2026 | 2026-00556670 | |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00556167 | |
| 31-03-2024 | micro format | 29-10-2024 | 2024-00520346 | |
| 31-03-2023 | micro format | 08-11-2023 | 2023-00509612 | |
| 31-03-2022 | micro format | 26-10-2022 | 2022-20474790 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76000102 | |
| 31-03-2020 | micro format | 30-09-2020 | 2020-57600042 | |
| 31-03-2019 | micro format | 09-10-2019 | 2019-69100381 | |
| 31-03-2018 | micro format | 03-10-2018 | 2018-69000044 | |
| 31-03-2017 | micro format | 25-10-2017 | 2017-67700251 | |
| 31-03-2016 | abbreviated format | 27-10-2016 | 2016-66400033 | |
| 31-03-2015 | abbreviated format | 21-10-2015 | 2015-65600076 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 57,267 | 37,507 | 12,500 | 14,321 | 15,484 | 18,615 | 16,366 | 17,481 | 2,630 | 11,567 | 696 | 12,582 | ||
| 42,289 | 28,485 | 10,420 | 11,829 | 16,805 | 11,324 | 11,289 | 14,989 | 2,132 | 11,094 | 118 | 9,951 | ||
| 3,197 | 2,847 | 1,123 | 0 | 31,458 | 0 | 0 | 2,356 | 323 | 305 | 2,604 | 32,925 | ||
| -33,821 | 40,786 | 22,123 | 4,835 | 8,306 | 5,303 | 26,069 | -10,521 | 6,858 | 5,970 | 3,933 | - | ||
| 110,320 | 73,692 | 53,987 | 50,585 | 44,002 | 38,856 | 27,332 | 16,488 | 3,639 | 5,718 | -834 | 4,866 | ||
| 69.6% | 52.7% | 48.5% | 41.3% | 44.3% | 44.1% | 39.4% | 33.7% | 22.3% | 27.5% | 23.5% | 28.7% | ||
| 3.14 | 2.02 | 1.93 | 1.73 | 1.92 | 1.75 | 1.58 | 1.41 | 1.09 | 1.14 | 0.98 | 1.12 | ||
| 2.65 | 1.75 | 1.82 | 1.51 | 1.72 | 1.36 | 1.53 | 1.24 | 0.99 | 1.01 | 0.67 | 0.78 | ||
| 0.44 | 0.90 | 1.06 | 1.42 | 1.26 | 1.27 | 1.54 | 1.97 | 3.48 | 2.64 | 3.26 | 2.48 | ||
| 29.4% | 25.5% | 5.6% | 8.6% | 24.4% | 25.2% | 33.2% | 41.1% | -38.7% | 21.0% | -59.9% | 11.8% | ||
| 20.5% | 13.4% | 2.7% | 3.5% | 10.8% | 11.1% | 13.1% | 13.9% | -8.6% | 5.8% | -14.0% | 3.4% | ||
| 39.71 | 91.22 | 29.14 | 25.41 | 30.78 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,197 | €2,847 | €1,123 | - | €31,458 |
| €7,285 | €7,065 | €6,911 | €6,743 | €3,588 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is 64% higher than in 2025 and the highest since 2015. It is the second rise in a row, after the fall in 2024.
Debt's share of the balance-sheet total falls from 47.3% to 30.4%. Equity is higher and debt is lower.
SettinX has no parent and no holdings in its annual accounts. BEUNCKENS Benjamin is the only director. SettinX shares no director with another company.
| Jamaer, Chrissy (sole trader)
establishment since 22-10-2025 |
founded in 2025 1028.962.835 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Nijverheidsstraat 4 registered office 3740 Bilzen-Hoeselt | 25-03-2014 | 2.228.173.835 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73005A0339/00C002 | 230 m² | 1 · 105 m² | 9.3 m · 2 |
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