Software Improvement Group Belgium
ActiveSoftware Improvement Group Belgium has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €443k and a net result of €197k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-1
Solvency74▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity short (current ratio 0.87 against 2.1 in 2024; short-term debt: 40.2% and cash: 1.2% of total assets), and 50.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.4%
Return on assets
22%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €443k
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 02-06-2026, 59 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
59 d early
2024
76 d early
2023
36 d late
2022
42 d early
2021
62 d early
2020
57 d early
2019
33 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.07M▼ 9.0%
2021 · €1.17M
2018: €2.36M
2019: €2.36M
2020: €1.10M
2021: €1.17M
2018 → 2022
EBIT margin
3.2%▲ 6.7pp
2021 · -3.4%
2018: 4.0%
2019: 4.0%
2020: -3.6%
2021: -3.4%
2018 → 2022
Net result
€197k▲ 34.4%
2024 · €147k
2018: €53k
2019: €-75k
2020: €-75k
2021: €-47k
2022: €28k
2023: €123k
2024: €147k
2018 → 2025
Working capital
€-47k
2024 · €218k
2018: €92k
2019: €92k
2020: €-9k
2021: €99k
2022: €246k
2023: €532k
2024: €218k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.17M-€1.07M▼ 9.0%
Equity€-52k-€-24k▲ 54.1%€99k€245k▲ 149%€443k▲ 80.3%
Operating result€-40k-€34k€169k▲ 392%€193k▲ 14.2%€253k▲ 30.7%
Net result€-47k-€28k€123k▲ 333%€147k▲ 19.4%€197k▲ 34.4%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €895k
Fixed assets
€583k▲ 92.6%
Current assets
€312k▼ 24.9%
Equity and liabilities €895k
Equity
€443k▲ 80.3%
Debt
€452k▼ 4.4%
The debt ratio falls from 65.8% to 50.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
49.4%▲
2024 · 34.2%
Current ratio
0.87▼
2024 · 2.10
Quick ratio
0.23▼
2024 · 2.10
Debt / equity
1.02▼
2024 · 1.93
ROE
44.5%▼
2024 · 59.8%
ROA
22.0%▲
2024 · 20.4%
Debt
€452k▼
2024 · €473k
Debt ≤ 1 year
€360k▲
2024 · €198k
Income taxes
€70k▲
2024 · €53k
Staff costs
€161k▼
2024 · €261k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€719k€895k▲
Fixed assets21/28€303k€583k▲
Financial fixed assets28€303k€583k▲
Current assets29/58€416k€312k▼
Stocks and contracts in progress3-€230k
Contracts in progress37-€230k
Amounts receivable within one year40/41€90k€70k▼
Trade receivables40€24k€6k▼
Other amounts receivable41€67k€64k▼
Cash at bank and in hand54/58€324k€10k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€719k€895k▲
Equity10/15€245k€443k▲
Contributions10/11€12k€12k=
Reserves13€53k€53k=
Distributable reserves133€53k€53k=
Profit (loss) carried forward14€180k€377k▲
Amounts payable17/49€473k€452k▼
Amounts payable within one year42/48€198k€360k▲
Trade debts44€138k€287k▲
Suppliers440/4€138k€287k▲
Taxes, remuneration and social security45€60k€72k▲
Taxes450/3€36k€59k▲
Remuneration and social security454/9€24k€14k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€275k€93k▼
Income statement
Code20242025
Remuneration, social security and pensions62€261k€161k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€637€845▲
Gross operating margin9900€455k€415k▼
Operating profit (loss)9901€193k€253k▲
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€728€720▼
Recurring financial charges65€728€720▼
Profit (loss) for the period before taxes9903€200k€267k▲
Income taxes67/77€53k€70k▲
Profit (loss) for the period9904€147k€197k▲
Profit (loss) for the period to be appropriated9905€147k€197k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€377k▲
Profit (loss) brought forward from the previous period14P€33k€180k▲
Social balance
Average headcount (FTE)90872.71.6▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €197k ▲34.4%
Operating result €253k, net result €197k, both a record.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €245k ▲149%
3 profitable years in a row build equity to €245k.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 36 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €28k
Net result €28k after 3 loss-making years.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Brussel · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koloniënstraat 111000 BrusselGround area
3,406 m²
Building footprint
3,354 m²
Volume, LiDAR
88,937 m³
Parcel 21804D1424/00E002, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Software Improvement Group Belgium
since 20172.263.979.109
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,284 companies in sector 58290 we hold annual accounts for 593. 405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2017
Fiscal year end31-12
Activities, NACEBEL
58290Other software publishing
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.softwareimprovementgroup.com
E-mail:info@sig.eu