SOFTDEV
ActiveSummary
SOFTDEV has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €400k and a net result of €32k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 94% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▼-2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 7.66 against 5.79 in 2023; short-term debt: 5.6% and cash: 31.8% of total assets), and 5.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.4%
Return on assets
7.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
4 d early
2022
32 d early
2021
6 d early
2020
35 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€400k▲ 8.8%
2023 · €368k
2018: €278klowest in 7 years
2019: €281k▲ +0.8% vs 2018
2020: €288k▲ +2.6% vs 2019
2021: €303k▲ +5.1% vs 2020
2022: €333k▲ +9.9% vs 2021
2023: €368k▲ +10.6% vs 2022
2024: €400k▲ +8.8% vs 2023highest in 7 years
2018 → 2024
Total assets
€424k▲ 9.0%
2023 · €389k
2018: €414k
2019: €382k▼ -7.6% vs 2018
2020: €370k▼ -3.1% vs 2019
2021: €364k▼ -1.6% vs 2020lowest in 7 years
2022: €371k▲ +1.9% vs 2021
2023: €389k▲ +4.8% vs 2022
2024: €424k▲ +9.0% vs 2023highest in 7 years
2018 → 2024
Net result
€32k▼ 8.2%
2023 · €35k
2018: €-5klowest in 7 years
2019: €2k▲ +141% vs 2018
2020: €7k▲ +228% vs 2019
2021: €15k▲ +99.5% vs 2020
2022: €30k▲ +105% vs 2021
2023: €35k▲ +17.0% vs 2022highest in 7 years
2024: €32k▼ -8.2% vs 2023
2018 → 2024
Working capital
€158k▲ 56.2%
2023 · €101k
2018: €4klowest in 7 years
2019: €6k▲ +30.9% vs 2018
2020: €9k▲ +53.4% vs 2019
2021: €21k▲ +137% vs 2020
2022: €61k▲ +186% vs 2021
2023: €101k▲ +66.4% vs 2022
2024: €158k▲ +56.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€288k-€303k▲ 5.1%€333k▲ 9.9%€368k▲ 10.6%€400k▲ 8.8%
2020: €288klowest in 5 years
2021: €303k▲ +5.1% vs 2020
2022: €333k▲ +9.9% vs 2021
2023: €368k▲ +10.6% vs 2022
2024: €400k▲ +8.8% vs 2023highest in 5 years
Operating result€12k-€21k▲ 75.4%€42k▲ 102%€49k▲ 18.0%€44k▼ 9.9%
2020: €12klowest in 5 years
2021: €21k▲ +75.4% vs 2020
2022: €42k▲ +102% vs 2021
2023: €49k▲ +18.0% vs 2022highest in 5 years
2024: €44k▼ -9.9% vs 2023
Net result€7k-€15k▲ 99.5%€30k▲ 105%€35k▲ 17.0%€32k▼ 8.2%
2020: €7klowest in 5 years
2021: €15k▲ +99.5% vs 2020
2022: €30k▲ +105% vs 2021
2023: €35k▲ +17.0% vs 2022highest in 5 years
2024: €32k▼ -8.2% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €424k
Fixed assets
€242k ▼ 9.3%
Current assets
€182k ▲ 48.6%
Equity and liabilities €424k
Equity
€400k ▲ 8.8%
Debt
€24k ▲ 12.7%
Debt's share of the balance-sheet total rises from 5.4% to 5.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69k▼
2023 · €73k
Cash flow
€57k▼
2023 · €59k
Current ratio
7.66▲
2023 · 5.79
Debt to equity
0.06▲
2023 · 0.06
ROE
8.1%▼
2023 · 9.6%
ROA
7.6%▼
2023 · 9.0%
Interest coverage
608.74▲
2023 · 183.83
Debt ≤ 1 year
€24k▲
2023 · €21k
Income taxes
€13k▼
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€389k€424k▲
Fixed assets21/28€266k€242k▼
Tangible fixed assets22/27€266k€242k▼
Land and buildings22€257k€234k▼
Plant, machinery and equipment23€781€659▼
Furniture and vehicles24€9k€7k▼
Current assets29/58€123k€182k▲
Amounts receivable after more than one year29-€28k
Other amounts receivable291-€28k
Amounts receivable within one year40/41€15k€12k▼
Trade receivables40€15k€12k▼
Other amounts receivable41-€9
Cash at bank and in hand54/58€107k€135k▲
Deferred charges and accrued income490/1€1k€7k▲
Equity and liabilities
Total equity and liabilities10/49€389k€424k▲
Equity10/15€368k€400k▲
Contributions10/11€6k€6k=
Reserves13€362k€394k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€360k€392k▲
Amounts payable17/49€21k€24k▲
Amounts payable within one year42/48€21k€24k▲
Trade debts44€1k€376▼
Suppliers440/4€1k€376▼
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€13k€14k▲
Remuneration and social security454/9€423-
Other amounts payable47/48€7k€10k▲
Accrued charges and deferred income492/3-€36
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€25k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€75k€71k▼
Operating profit (loss)9901€49k€44k▼
Financial income75/76B€301€746▲
Recurring financial income75€301€746▲
Financial charges65/66B€399€113▼
Recurring financial charges65€399€113▼
Profit (loss) for the period before taxes9903€49k€45k▼
Income taxes67/77€14k€13k▼
Profit (loss) for the period9904€35k€32k▼
Profit (loss) for the period to be appropriated9905€35k€32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€35k€32k▼
Transfer to equity691/2€35k€32k▼
To other reserves6921€35k€32k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €11k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | €24k | €24k | €25k | ▲ 1.9% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 7.6% |
| Gross operating margin9900 | €38k | €46k | €68k | €75k | €71k | ▼ 5.7% |
| Operating profit (loss)9901 | €12k | €21k | €42k | €49k | €44k | ▼ 9.9% |
| Financial income75/76B | - | €8 | €0 | €301 | €746 | ▲ 148% |
| Recurring financial income75 | €0 | €8 | €0 | €301 | €746 | ▲ 148% |
| Financial charges65/66B | - | €1k | €666 | €399 | €113 | ▼ 71.6% |
| Recurring financial charges65 | €2k | €1k | €666 | €399 | €113 | ▼ 71.6% |
| Profit (loss) for the period before taxes9903 | €10k | €19k | €41k | €49k | €45k | ▼ 8.5% |
| Income taxes67/77 | €3k | €5k | €11k | €14k | €13k | ▼ 9.0% |
| Profit (loss) for the period9904 | €7k | €15k | €30k | €35k | €32k | ▼ 8.2% |
| Profit (loss) for the period to be appropriated9905 | €7k | €15k | €30k | €35k | €32k | ▼ 8.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €370k | €364k | €371k | €389k | €424k | ▲ 9.0% |
| Fixed assets21/28 | €319k | €296k | €272k | €266k | €242k | ▼ 9.3% |
| Tangible fixed assets22/27 | €319k | €296k | €272k | €266k | €242k | ▼ 9.3% |
| Land and buildings22 | - | €293k | €270k | €257k | €234k | ▼ 9.1% |
| Plant, machinery and equipment23 | - | €2k | €1k | €781 | €659 | ▼ 15.7% |
| Furniture and vehicles24 | - | €1k | €557 | €9k | €7k | ▼ 14.2% |
| Current assets29/58 | €52k | €68k | €99k | €123k | €182k | ▲ 48.6% |
| Amounts receivable after more than one year29 | - | - | - | - | €28k | - |
| Other amounts receivable291 | - | - | - | - | €28k | - |
| Amounts receivable within one year40/41 | €27k | €15k | €17k | €15k | €12k | ▼ 15.7% |
| Trade receivables40 | - | €15k | €17k | €15k | €12k | ▼ 15.8% |
| Other amounts receivable41 | - | - | - | - | €9 | - |
| Cash at bank and in hand54/58 | €25k | €53k | €82k | €107k | €135k | ▲ 26.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1k | €7k | ▲ 442% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €370k | €364k | €371k | €389k | €424k | ▲ 9.0% |
| Equity10/15 | €288k | €303k | €333k | €368k | €400k | ▲ 8.8% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €282k | €296k | €326k | €362k | €394k | ▲ 8.9% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €294k | €325k | €360k | €392k | ▲ 9.0% |
| Profit (loss) carried forward14 | €-5k | - | - | - | - | - |
| Amounts payable17/49 | €82k | €61k | €38k | €21k | €24k | ▲ 12.7% |
| Amounts payable after more than one year17 | €40k | €15k | - | - | - | - |
| Financial debts170/4 | - | €15k | - | - | - | - |
| Amounts payable within one year42/48 | €43k | €47k | €38k | €21k | €24k | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | - | €25k | €13k | - | - | - |
| Trade debts44 | €435 | €991 | €491 | €1k | €376 | ▼ 69.4% |
| Suppliers440/4 | - | €991 | €491 | €1k | €376 | ▼ 69.4% |
| Taxes, remuneration and social security45 | - | €15k | €16k | €13k | €14k | ▲ 3.0% |
| Taxes450/3 | - | €13k | €16k | €13k | €14k | ▲ 6.4% |
| Remuneration and social security454/9 | - | €2k | - | €423 | - | - |
| Other amounts payable47/48 | - | €6k | €8k | €7k | €10k | ▲ 46.6% |
| Accrued charges and deferred income492/3 | - | - | €155 | - | €36 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €15k | €30k | €35k | €32k | ▼ 8.2% |
| + Depreciation and write-downs630 | €24k | €24k | €24k | €24k | €25k | ▲ 1.9% |
| Operating cash flow (approximation) | €31k | €39k | €54k | €59k | €57k | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-19k | €0 | ▲ 100% |
| Change in cash | - | €29k | €29k | €25k | €28k | ▲ 15.0% |
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
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €35k ▲17%
Operating result €49k, net result €35k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.79
Current ratio from 2.60 to 5.79; short-term debt falls from €38k to €21k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Merchtem · 1 establishment unit since 2007
Ground area
516 m²
Building footprint
144 m²
Volume, LiDAR
1,022 m³
Parcel 23602H0020/00K000, Flanders · tallest building 13.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SOFTDEV
since 20072.162.911.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602H0020/00K000 | Flanders | 516 m² | 1 · 144 m² | 13.5 m · 2 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.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 12,824 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 (pre-2019)
Founded29-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
58290Other software publishing
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.