SIDEWAY
ActiveSummary
SIDEWAY has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168,794 and a net result of €32,942. Equity has been growing by about 20% per year since 2019. Its solvency ranks better than 27% of 3,395 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 06-06-2013 Normal situation
- Activity
- Other information technology and computer services NACE 62900and 5 others
- Establishment unit
- 2.219.739.090 3000 Leuven, since 06-06-2013
- Financial year end
- 30 September
- Peppol
- Reachable since 24-09-2026
Board and ownership
- SCHRIJVERS,Bart Rudi RitaDirector
- VERBRUGGEN,StevenDirector
- AdSomeNoiseconsolidates· score 65annual accounts 30-09-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €90,291
- ▼ 3.7%
- Turnover
- ≈ €240,000
- estimated
- Profit
- €32,942
- ▼ 5.1%
- Equity
- €168,794
- ▲ 24.2%
- Total assets
- €906,423
- ▼ 2.8%
Score breakdownraises riskLiquidity: current ratio 0.01, cash €4,747lowers riskSize: total assets €906,423Figures for financial year 2025 (filed on 01-04-2026)Sector: Computer programming, consultancy and related activities (NACE 62)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 21% of them on solvency, 13% on liquidity, 32% on profitability and 68% on growth.
The bankruptcy probability was computed on 03-11-2026 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).
Credit check for an amount and term of your choice
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.
Signals
The company filed its last 7 accounts on average 12 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, abbreviated format
Annual accounts 2025 filed on 31-03-2026 PDF all 12 filings
Every figure per financial year
The operating result for 2025 is 6% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €770,000 | - | - | - | - |
| Mortgages, amount registered | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m |
| Carrying value of the mortgaged assets | €840,000 | €989,589 | €960,259 | €930,928 | €901,598 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,515 | €30,505 | €30,505 | €29,330 | €29,330 | €29,330 | €29,330 | = |
| Other operating charges640/8 | - | - | €6,277 | €6,430 | €7,047 | €7,332 | €7,563 | ▲ 3.1% |
| Gross operating margin9900 | €73,690 | €62,503 | €70,106 | €63,409 | €63,666 | €93,767 | €90,291 | ▼ 3.7% |
| Operating profit (loss)9901 | €37,811 | €25,768 | €33,324 | €27,649 | €27,289 | €57,104 | €53,399 | ▼ 6.5% |
| Recurring financial income75 | €128 | €0 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €14,110 | €12,872 | €11,612 | €10,330 | €9,025 | ▼ 12.6% |
| Recurring financial charges65 | €16,513 | €15,317 | €14,110 | €12,872 | €11,612 | €10,330 | €9,025 | ▼ 12.6% |
| Profit (loss) for the period before taxes9903 | €21,426 | €10,451 | €19,214 | €14,777 | €15,677 | €46,774 | €44,373 | ▼ 5.1% |
| Income taxes67/77 | €6,733 | €3,266 | €4,814 | €3,683 | €3,906 | €12,048 | €11,432 | ▼ 5.1% |
| Profit (loss) for the period9904 | €14,694 | €7,184 | €14,399 | €11,095 | €11,772 | €34,726 | €32,942 | ▼ 5.1% |
| Profit (loss) for the period to be appropriated9905 | €14,694 | €7,184 | €14,399 | €11,095 | €11,772 | €34,726 | €32,942 | ▼ 5.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 2.8% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.2% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.2% |
| Land and buildings22 | - | - | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 3.2% |
| Furniture and vehicles24 | - | - | €0 | - | - | - | - | - |
| Current assets29/58 | €0.009m | €0.01m | €0.01m | €0.005m | €0.002m | €0.002m | €0.005m | ▲ 132% |
| Amounts receivable within one year40/41 | - | €84 | €208 | €0.001m | €94 | €21 | €21 | = |
| Other amounts receivable41 | - | - | €208 | €0.001m | €94 | €21 | €21 | = |
| Cash at bank and in hand54/58 | €0.008m | €0.01m | €0.002m | €0.002m | €168 | €0.002m | €0.005m | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | €0.009m | €0.002m | €0.002m | €0 | €57 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | ▼ 2.8% |
| Equity10/15 | €0.06m | €0.06m | €0.08m | €0.09m | €0.1m | €0.1m | €0.2m | ▲ 24.2% |
| Contributions10/11 | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.05m | €0.06m | €0.07m | €0.08m | €0.09m | €0.1m | €0.2m | ▲ 25.4% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €0.07m | €0.08m | €0.09m | €0.1m | €0.2m | ▲ 27.2% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - |
| Amounts payable17/49 | €1.0m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 7.5% |
| Amounts payable after more than one year17 | €0.8m | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 16.2% |
| Financial debts170/4 | - | - | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 16.2% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 5.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.07m | €0.07m | €0.07m | €0.08m | €0.08m | ▲ 1.8% |
| Trade debts44 | €0.006m | €0.008m | €0.01m | €0.007m | €0.006m | €0.003m | €0.002m | ▼ 16.5% |
| Suppliers440/4 | - | - | €0.01m | €0.007m | €0.006m | €0.003m | €0.002m | ▼ 16.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.008m | - |
| Taxes, remuneration and social security45 | - | - | €0 | - | - | €0.005m | €0.006m | ▲ 30.3% |
| Taxes450/3 | - | - | €0 | - | - | €0.005m | €0.006m | ▲ 30.3% |
| Other amounts payable47/48 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 3.2% |
| Accrued charges and deferred income492/3 | - | - | €0 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,694 | €7,184 | €14,399 | €11,095 | €11,772 | €34,726 | €32,942 | ▼ 5.1% |
| + Depreciation and write-downs630 | €30,515 | €30,505 | €30,505 | €29,330 | €29,330 | €29,330 | €29,330 | = |
| Operating cash flow (approximation) | €45,209 | €37,689 | €44,904 | €40,425 | €41,102 | €64,057 | €62,272 | ▼ 2.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,024 | -€12,559 | -€457 | -€1,336 | €1,893 | €2,686 | ▲ 41.9% |
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, 4,107 companies had the same profile as SIDEWAY has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SIDEWAY itself: 0.1% within 12 months.
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 4,107 companies, not a prediction for SIDEWAY. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 31-03-2026 | 2026-00069673 | |
| 30-09-2024 | abbreviated format | 23-04-2025 | 2025-00073294 | |
| 30-09-2023 | abbreviated format | 30-04-2024 | 2024-00074603 | |
| 30-09-2022 | abbreviated format | 14-04-2023 | 2023-00059170 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20015595 | |
| 30-09-2020 | abbreviated format | 31-03-2021 | 2021-09400583 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100547 | |
| 30-09-2018 | micro format | 27-05-2019 | 2019-14300147 | |
| 30-09-2017 | micro format | 27-04-2018 | 2018-10800296 | |
| 30-09-2016 | abbreviated format | 23-05-2017 | 2017-13000057 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- AdSomeNoise
- SIDEWAY
Owners 1
- AdSomeNoiseconsolidating parentEquity €454,668 Profit of €2,333 in 2025 (profit of €106,338 in 2024) Checked score 65consolidates
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| SCHRIJVERS,Bart Rudi Rita |
|
| VERBRUGGEN,Steven |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking,zonder bepaling geacht onbepaalde tijd, niet-statutaire bestuurders elk ogenblik herroepbaar bij besluit algemene…”
Articles of association, deed of 28-03-2025 (in Dutch)
Network & group
Companies at the same address
6 other companies- Adwalk Registered office · since 2026 1039363908
- Adventures Registered office · since 2025 1031201654
- Sidestep Registered office · since 2024 1008446345
- Groep AdSomeNoise Registered office · since 2017 0667786107
- AdSomeNoise Registered office · since 2012 0845005996
- SHORTCUT ADVERTISING Registered office · since 2007 0886808741
Connections & network
2 current directorsThe network starts from the directors of SIDEWAY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
28-03
Gazette deed
Appointments: SCHRIJVERS,Bart Rudi Rita (director) and VERBRUGGEN,Steven (director)Legal-form conversion · Capital conversion · Reserve release7 points ▸
- General meeting, 20-03-2025
- Legal-form conversion, “BV” (deed in Dutch)
- Capital conversion, “van rechtswege, artikel 39,§2,derde lid,wet van 2019-03-23 tot invoering van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Reserve release, “beschikbaar voor uitkering, opheffing” (deed in Dutch)
- Director appointment, SCHRIJVERS,Bart Rudi Rita (director (not named in the articles))
- Director appointment, VERBRUGGEN,Steven (director (not named in the articles))
- Other provision, “specifieke doelen van de vennootschap, nihil” (deed in Dutch)
Show earlier events
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 |
|---|---|---|---|---|
| 24062A0146/00P002 | Flanders | 2,797 m² | 2 · 1,367 m² | 20.1 m · 6 |