Equity
SOFTWARE & APPLICATION DEVELOPMENT has made a profit without a break since 2018.
In July 2024, 5,052 companies had the same profile as SOFTWARE & APPLICATION DEVELOPMENT has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,052 companies, not a prediction for SOFTWARE & APPLICATION DEVELOPMENT. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SOFTWARE & APPLICATION DEVELOPMENT Etterbeek | €70,728 | €23,962 | 29.6% | - |
| do While True Ixelles | €75,095 | €24,430 | 67.3% | - |
| DAPUNCH Brussels | €72,784 | €25,912 | 62.7% | - |
| Filip Piens Kruisem | €71,814 | €24,610 | 75.1% | - |
| CERTI-TASTE Hoogstraten | €71,170 | €22,783 | 60.7% | - |
| FUSUMA Haaltert | €72,500 | €25,645 | 91.3% | - |
| FABULOUS ID Tubize | €71,293 | €22,002 | 28.7% | - |
These companies have the same main activity as SOFTWARE & APPLICATION DEVELOPMENT: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €71,200 and €75,100, founded between 2015 and 2017.
SOFTWARE & APPLICATION DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin rose from -€3,284 in 2017 to €23,962 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €76,000 and €510,000.
Higher than 38% of 3,545 companies in 2025.
Higher than 41% of 3,450 companies in 2025.
Higher than 79% of 3,487 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
70,728 | 49,647 | 47,953 | 34,415 | 34,951 | 40,180 | 39,376 | 43,519 | 4,808 | |
21/28 |
598 | 2,407 | 4,215 | 6,023 | 9,037 | 10,000 | 13,084 | 16,167 | - | |
22/27 |
598 | 2,407 | 4,215 | 6,023 | 9,037 | - | 3,084 | 6,167 | - | |
24 |
598 | 2,407 | 4,215 | 6,023 | 9,037 | - | 3,084 | 6,167 | - | |
28 |
- | - | - | - | - | 10,000 | 10,000 | 10,000 | - | |
29/58 |
70,130 | 47,241 | 43,738 | 28,391 | 25,913 | 30,180 | 26,292 | 27,352 | 4,808 | |
40/41 |
16,282 | 36,140 | 24,038 | 20,786 | 21,081 | 10,801 | 15,886 | 26,869 | 2,963 | |
40 |
15,065 | 34,598 | 23,616 | 20,000 | 21,077 | 10,801 | 15,886 | 26,869 | 2,632 | |
41 |
1,217 | 1,542 | 422 | 786 | 4 | - | - | - | 332 | |
54/58 |
53,848 | 11,101 | 19,700 | 7,606 | 4,833 | 19,379 | 10,406 | 483 | 1,844 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
70,728 | 49,647 | 47,953 | 34,415 | 34,951 | 40,180 | 39,376 | 43,519 | 4,808 | |
10/15 |
20,944 | 6,683 | 5,000 | 13,342 | 9,393 | 8,814 | 6,847 | 6,612 | 2,404 | |
10/11 |
5,000 | 5,000 | 5,000 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | |
11 |
- | - | - | - | - | 6,200 | - | - | - | |
1100/10 |
- | - | - | - | - | 6,200 | - | - | - | |
13 |
- | - | - | 222 | 222 | 222 | 222 | 210 | - | |
130/1 |
- | - | - | 222 | 222 | 222 | - | - | - | |
130 |
- | - | - | - | - | - | 222 | 210 | - | |
1311 |
- | - | - | 222 | 222 | - | - | - | - | |
1319 |
- | - | - | - | - | 222 | - | - | - | |
14 |
15,944 | 1,683 | - | 6,920 | 2,971 | 2,392 | 425 | 201 | -3,796 | |
17/49 |
49,784 | 42,965 | 42,953 | 21,073 | 25,557 | 31,367 | 32,529 | 36,907 | 2,403 | |
42/48 |
49,784 | 42,965 | 42,953 | 21,073 | 25,557 | 31,367 | 32,529 | 36,907 | 2,403 | |
44 |
10,124 | 687 | 1,424 | 261 | 2,853 | 1,019 | 3,781 | 19,627 | 680 | |
440/4 |
10,124 | 687 | 1,424 | 261 | 2,853 | 1,019 | 3,781 | 19,627 | 680 | |
45 |
8,918 | 13,904 | 5,800 | 3,283 | 2,246 | 4,472 | 5,953 | 4,336 | 1,723 | |
450/3 |
8,918 | 13,904 | 5,800 | 3,283 | 2,246 | 4,472 | 5,953 | 4,336 | 1,723 | |
47/48 |
30,742 | 28,373 | 35,729 | 17,529 | 20,459 | 25,875 | 22,795 | 12,944 | - | |
| Income statement | ||||||||||
9900 |
23,962 | 5,988 | 9,581 | 9,173 | 1,757 | 6,505 | 4,455 | 8,388 | -3,284 | |
630 |
1,808 | 1,808 | 1,808 | 3,014 | 5 | 3,084 | 3,083 | 3,083 | - | |
640/8 |
582 | 699 | 752 | 508 | 736 | 499 | 496 | 278 | 414 | |
9901 |
21,571 | 3,481 | 7,020 | 5,651 | 1,016 | 2,923 | 876 | 5,027 | -3,698 | |
75/76B |
- | - | - | - | - | 0 | - | - | - | |
75 |
- | - | - | - | - | 0 | - | - | - | |
65/66B |
469 | 293 | 314 | 377 | 119 | 135 | 51 | 36 | 97 | |
65 |
469 | 293 | 314 | 377 | 119 | 135 | 51 | 36 | 97 | |
9903 |
21,102 | 3,188 | 6,706 | 5,275 | 896 | 2,788 | 826 | 4,991 | -3,796 | |
67/77 |
6,841 | 1,505 | 2,282 | 1,326 | 317 | 822 | 590 | 784 | - | |
9904 |
14,261 | 1,683 | 4,424 | 3,949 | 580 | 1,967 | 236 | 4,207 | -3,796 | |
9905 |
14,261 | 1,683 | 4,424 | 3,949 | 580 | 1,967 | 236 | 4,207 | -3,796 | |
| Appropriation of the result | ||||||||||
9906 |
15,944 | 1,683 | 11,344 | 6,920 | 2,971 | 2,392 | 437 | 412 | -3,796 | |
14P |
1,683 | - | 6,920 | 2,971 | 2,392 | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 12 | 210 | - | |
6920 |
- | - | - | - | - | - | 12 | 210 | - | |
694/7 |
- | - | 11,344 | - | - | - | - | - | - | |
694 |
- | - | 11,344 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 4 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 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485651.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00485651 | |
| 31-12-2024 | full format | 28-08-2025 | 2025-00438969 | |
| 31-12-2023 | full format | 26-06-2024 | 2024-00179563 | |
| 31-12-2022 | full format | 25-08-2023 | 2023-00362733 | |
| 31-12-2021 | full format | 11-05-2022 | 2022-20026633 | |
| 31-12-2020 | full format | 25-10-2021 | 2021-73300180 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-47400594 | |
| 31-12-2018 | full format | 23-08-2019 | 2019-51100233 | |
| 31-12-2017 | full format | 09-08-2018 | 2018-45000025 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 23,380 | 5,289 | 8,829 | 8,665 | 1,021 | 6,007 | 3,959 | 8,110 | - | ||
| 16,070 | 3,491 | 6,233 | 6,963 | 585 | 5,051 | 3,319 | 7,290 | - | ||
| 0 | 0 | 0 | 0 | 9,042 | 0 | 0 | 19,250 | - | ||
| 42,747 | -8,599 | 12,094 | 2,773 | -14,547 | 8,973 | 9,923 | -1,361 | - | ||
| 20,346 | 4,276 | 785 | 7,319 | 356 | -1,186 | -6,237 | -9,555 | 2,404 | ||
| 29.6% | 13.5% | 10.4% | 38.8% | 26.9% | 21.9% | 17.4% | 15.2% | - | ||
| 1.41 | 1.10 | 1.02 | 1.35 | 1.01 | 0.96 | 0.81 | 0.74 | - | ||
| 2.38 | 6.43 | 8.59 | 1.58 | 2.72 | 3.56 | 4.75 | 5.58 | - | ||
| 68.1% | 25.2% | 88.5% | 29.6% | 6.2% | 22.3% | 3.4% | 63.6% | - | ||
| 20.2% | 3.4% | 9.2% | 11.5% | 1.7% | 4.9% | 0.6% | 9.7% | - | ||
| 49.84 | 18.06 | 28.11 | 23.00 | 8.55 | - | - | - | - |
EBIT margin: not included in this filing.
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €9,042 |
| €1,808 | €1,808 | €1,808 | €3,014 | €5 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6.2 times that of 2024 and the highest since 2017. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 86.5% to 70.4%. Equity and debt are higher.
SOFTWARE & APPLICATION DEVELOPMENT has no parent and no holdings in its annual accounts. is the only director. SOFTWARE & APPLICATION DEVELOPMENT shares no director with another company.
| Vanden Broeck-Parant, Isabelle (sole trader)
establishment since 01-07-2026 |
founded in 2026 1038.712.523 |
| ASSOCIATION DES COPROPRIETAIRES PIERRE HAP LEMAITRE 28 à 1040 Etterbeek
registered office since 30-06-2025 |
founded in 2025 1025.533.092 |
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| SAD SPRL registered office Pierre Hap Lemaîtrestraat 28, 1040 Etterbeek 47400 Retail sale of information and communication equipment | 12-10-2016 | 2.260.915.293 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21363B0405/00G010 | 165 m² | 1 · 99 m² | 16.2 m · 4 |
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