SOFTWORK
ActiveSummary
SOFTWORK has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,206 and a net result of -€14,847. Equity has been shrinking by about 14% per year since 2018. Its solvency ranks better than 80% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-04-1989 Normal situation
- Activity
- Computer programming NACE 62100
- Establishment unit
- 2.043.231.952 1650 Beersel, since 03-05-1989
- Financial year end
- 31 December
- Peppol
- Reachable since 01-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- -€1,333
- Loss
- €14,847
- Equity
- €67,206
- ▼ 18.1%
- Total assets
- €80,255
- ▼ 25.4%
- 2025 accounts filed 77 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskLast filed accounts filed 77 days late; 3 of the last 3 accounts lateLoss of €14,847 (financial year 2025)Liquidity: current ratio 3.20, cash €617, halvedlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 34% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Weak
Solvency
100=
equity 83.7% of total assets
Liquidity
47+4
short-term debt 16.3% · cash 0.8%
Profitability
0-44
return on assets -18.5%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.2%▼ -0.1 percentage points vs 04-2025lowest value
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.1 percentage points vs 07-2025
09-2025: 0.5%▲ +0.1 percentage points vs 08-2025
10-2025: 0.7%▲ +0.2 percentage points vs 09-2025
11-2025: 0.4%▼ -0.3 percentage points vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.3%▼ -0.1 percentage points vs 04-2026
06-2026: 0.4%▲ +0.1 percentage points vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.6%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.8%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.8%● unchanged vs 10-2026highest value
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.2 (2.71 in 2024), above the usual 1.5. Short-term debt is 16.3% and cash 0.8% of total assets. 16.3% of the assets are financed with debt and provisions.
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 85% of them on solvency, 22% on liquidity, 5% on profitability and 26% on growth.
The bankruptcy probability was computed on 02-11-2026 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
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 77 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-10-2026, 77 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
77 days late
2024
61 days late
2023
78 days late
2022
92 days late
2021
457 days late
2020
89 days late
2019
97 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 136 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 77 days after the deadline Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560942.
Annual accounts 2025 filed on 16-10-2026 at the NBB all 38 filings
Equity
€67,206▼ 18.1%
2024 · €82,053
Total assets
€80,255▼ 25.4%
2024 · €107,562
Net result
-€14,847
2024 · €2,761
Working capital
€28,755▼ 34.1%
2024 · €43,602
In the rankings
#3 oldest company in Beersel, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€1,336
2025
20182025
Net result
-€14,847
2025
lowest quarter of the sector
20182025
Equity
€67,206
▼ 18.1%
2025
middle half of the sector
20182025
Total assets
€80,255
▼ 25.4%
2025
middle half of the sector
20182025
Debt
€13,050
▼ 48.8%
2025
20182025
Working capital
€28,755
▼ 34.1%
2025
middle half of the sector
20182025
Solvency
83.7%
▲ 7.5pp
2025
highest quarter of the sector
20182025
Current ratio
3.20
▲ 0.49
2025
middle half of the sector
20182025
Return on assets (ROA)
-18.5%
▼ 21.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€56,673--€8,224-€48,779▼ 493%-€17,479▲ 64.2%€703€10,197▲ 15×€3,861▼ 62.1%-€1,336
Net result€47,577--€7,846-€50,225below the sector's middle half▼ 540%-€25,330below the sector's middle half▲ 49.6%€1,743below the sector's middle half€15,143within the sector's middle half▲ 769%€2,761below the sector's middle half▼ 81.8%-€14,847below the sector's middle half
Equity€145,806-€137,961▼ 5.4%€87,736within the sector's middle half▼ 36.4%€62,406within the sector's middle half▼ 28.9%€64,149within the sector's middle half▲ 2.8%€79,292within the sector's middle half▲ 23.6%€82,053within the sector's middle half▲ 3.5%€67,206within the sector's middle half▼ 18.1%
Total assets€207,209-€180,470▼ 12.9%€118,981within the sector's middle half▼ 34.1%€107,407within the sector's middle half▼ 9.7%€100,183within the sector's middle half▼ 6.7%€105,118within the sector's middle half▲ 4.9%€107,562within the sector's middle half▲ 2.3%€80,255within the sector's middle half▼ 25.4%
Debt€61,403-€42,509▼ 30.8%€31,245▼ 26.5%€45,002▲ 44.0%€36,034▼ 19.9%€25,826▼ 28.3%€25,509▼ 1.2%€13,050▼ 48.8%
Working capital€151,286-€112,966▼ 25.3%€58,824within the sector's middle half▼ 47.9%€28,572within the sector's middle half▼ 51.4%€25,698within the sector's middle half▼ 10.1%€40,841within the sector's middle half▲ 58.9%€43,602within the sector's middle half▲ 6.8%€28,755within the sector's middle half▼ 34.1%
Solvency70.4%-76.4%▲ 6.1pp73.7%within the sector's middle half▼ 2.7pp58.1%within the sector's middle half▼ 15.6pp64.0%within the sector's middle half▲ 5.9pp75.4%within the sector's middle half▲ 11.4pp76.3%within the sector's middle half▲ 0.9pp83.7%above the sector's middle half▲ 7.5pp
Current ratio5.07-5.59▲ 0.523.96within the sector's middle half▼ 1.631.71within the sector's middle half▼ 2.251.71within the sector's middle half▲ 0.012.58within the sector's middle half▲ 0.872.71within the sector's middle half▲ 0.133.20within the sector's middle half▲ 0.49
Return on assets (ROA)23.0%--4.3%▼ 27.3pp-42.2%below the sector's middle half▼ 37.9pp-23.6%below the sector's middle half▲ 18.6pp1.7%below the sector's middle half▲ 25.3pp14.4%within the sector's middle half▲ 12.7pp2.6%below the sector's middle half▼ 11.8pp-18.5%below the sector's middle half▼ 21.1pp
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €1,336, after a profit of €3,861 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80,255
Fixed assets
€38,451 =
Current assets
€41,805 ▼ 39.5%
Equity and liabilities €80,255
Equity
€67,206 ▼ 18.1%
Debt
€13,050 ▼ 48.8%
Debt's share of the balance-sheet total falls from 23.7% to 16.3%. Equity and debt are lower.
Key figures and ratios
Quick ratio
3.20▲
2024 · 2.71
Debt to equity
0.19▼
2024 · 0.31
ROE
-22.1%▼
2024 · 3.4%
Debt ≤ 1 year
€13,050▼
2024 · €25,509
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,727 | €11,027 | €2,625 | €2,911 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €553 | €85 | €422 | €93 | €3 | ▼ 96.3% |
| Gross operating margin9900 | €68,635 | €4,023 | -€45,415 | -€14,015 | €788 | €10,619 | €3,953 | -€1,333 | - |
| Operating profit (loss)9901 | €56,673 | -€8,224 | -€48,779 | -€17,479 | €703 | €10,197 | €3,861 | -€1,336 | - |
| Financial income75/76B | - | - | - | €15,009 | €2,573 | €6,251 | - | €25 | - |
| Recurring financial income75 | €5,996 | €258 | €23 | €15,009 | €2,573 | €6,251 | - | €25 | - |
| Financial charges65/66B | - | - | - | €2,312 | €1,533 | €1,305 | €1,100 | €13,535 | ▲ 12× |
| Recurring financial charges65 | €1,506 | €1,581 | €1,469 | €2,312 | €1,533 | €1,305 | €1,100 | €1,478 | ▲ 34.4% |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €12,058 | - |
| Profit (loss) for the period before taxes9903 | €61,163 | -€9,547 | -€50,225 | -€4,782 | €1,743 | €15,143 | €2,761 | -€14,847 | - |
| Income taxes67/77 | €13,586 | -€1,701 | - | €20,548 | - | - | - | - | - |
| Profit (loss) for the period9904 | €47,577 | -€7,846 | -€50,225 | -€25,330 | €1,743 | €15,143 | €2,761 | -€14,847 | - |
| Profit (loss) for the period to be appropriated9905 | €47,577 | -€7,846 | -€50,225 | -€25,330 | €1,743 | €15,143 | €2,761 | -€14,847 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €207,209 | €180,470 | €118,981 | €107,407 | €100,183 | €105,118 | €107,562 | €80,255 | ▼ 25.4% |
| Fixed assets21/28 | €18,767 | €42,901 | €40,276 | €38,451 | €38,451 | €38,451 | €38,451 | €38,451 | = |
| Tangible fixed assets22/27 | €18,337 | €42,471 | €39,846 | €38,401 | €38,401 | €38,401 | €38,401 | €38,401 | = |
| Land and buildings22 | - | - | - | €38,401 | €38,401 | €38,401 | €38,401 | €38,401 | = |
| Financial fixed assets28 | €430 | €430 | €430 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €188,442 | €137,569 | €78,705 | €68,957 | €61,732 | €66,667 | €69,111 | €41,805 | ▼ 39.5% |
| Stocks and contracts in progress3 | €960 | €930 | €80 | €80 | €80 | €80 | €80 | €80 | = |
| Stocks30/36 | - | - | - | €80 | €80 | €80 | €80 | €80 | = |
| Amounts receivable within one year40/41 | €108,884 | €123,544 | €70,041 | €7,464 | €9,977 | €14,912 | €17,357 | €16,178 | ▼ 6.8% |
| Trade receivables40 | - | - | - | €3,673 | €6,441 | €11,649 | €15,738 | €15,487 | ▼ 1.6% |
| Other amounts receivable41 | - | - | - | €3,791 | €3,536 | €3,263 | €1,619 | €691 | ▼ 57.3% |
| Current investments50/53 | €30,945 | €10,957 | €8,459 | €61,287 | €50,081 | €50,080 | €50,080 | €24,919 | ▼ 50.2% |
| Cash at bank and in hand54/58 | €47,654 | €2,139 | €116 | €116 | €1,585 | €1,585 | €1,585 | €617 | ▼ 61.0% |
| Deferred charges and accrued income490/1 | - | - | - | €10 | €10 | €10 | €10 | €10 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €207,209 | €180,470 | €118,981 | €107,407 | €100,183 | €105,118 | €107,562 | €80,255 | ▼ 25.4% |
| Equity10/15 | €145,806 | €137,961 | €87,736 | €62,406 | €64,149 | €79,292 | €82,053 | €67,206 | ▼ 18.1% |
| Contributions10/11 | €19,088 | €19,088 | - | €19,088 | €19,088 | €19,088 | €19,088 | €19,088 | = |
| Contributions outside capital11 | - | - | - | €19,088 | €19,088 | - | - | - | - |
| Other1109/19 | - | - | - | €19,088 | €19,088 | - | - | - | - |
| Reserves13 | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | = |
| Non-distributable reserves130/1 | - | - | - | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | = |
| Reserves not available under the articles1311 | - | - | - | €1,909 | €1,909 | €1,909 | €1,909 | €1,909 | = |
| Profit (loss) carried forward14 | €124,810 | €116,964 | €66,739 | €41,409 | €43,152 | €58,295 | €61,056 | €46,209 | ▼ 24.3% |
| Amounts payable17/49 | €61,403 | €42,509 | €31,245 | €45,002 | €36,034 | €25,826 | €25,509 | €13,050 | ▼ 48.8% |
| Amounts payable after more than one year17 | €24,246 | €17,905 | €11,364 | €4,617 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €4,617 | - | - | - | - | - |
| Amounts payable within one year42/48 | €37,157 | €24,604 | €19,881 | €40,385 | €36,034 | €25,826 | €25,509 | €13,050 | ▼ 48.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,212 | €4,823 | €153 | €153 | €153 | = |
| Financial debts43 | - | - | - | €5,368 | €8,501 | €4,780 | €5,764 | - | - |
| Credit institutions430/8 | - | - | - | €5,368 | €8,501 | €4,780 | €5,764 | - | - |
| Trade debts44 | €12,520 | €13,239 | €8,517 | €17,483 | €14,545 | €7,949 | €6,648 | €1,325 | ▼ 80.1% |
| Suppliers440/4 | - | - | - | €17,483 | €14,545 | €7,949 | €6,648 | €1,325 | ▼ 80.1% |
| Taxes, remuneration and social security45 | - | - | - | €262 | €262 | €262 | €262 | €262 | = |
| Taxes450/3 | - | - | - | €262 | €262 | €262 | €262 | €262 | = |
| Other amounts payable47/48 | - | - | - | €10,060 | €7,902 | €12,682 | €12,682 | €11,310 | ▼ 10.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,577 | -€7,846 | -€50,225 | -€25,330 | €1,743 | €15,143 | €2,761 | -€14,847 | - |
| + Depreciation and write-downs630 | €11,727 | €11,027 | €2,625 | €2,911 | - | - | - | - | - |
| Operating cash flow (approximation) | €59,304 | €3,181 | -€47,600 | -€22,419 | €1,743 | €15,143 | €2,761 | -€14,847 | - |
| Investment in fixed assets (approximation) | - | -€35,161 | €0 | -€1,086 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€45,515 | -€2,023 | €0 | €1,469 | €0 | €0 | -€967 | - |
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, 5,831 companies had the same profile as SOFTWORK has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
84.6%
was still going
13.4%
stopped otherwise
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SOFTWORK itself: 0.8% 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 5,831 companies, not a prediction for SOFTWORK. 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 38 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-10-2026 | 2026-00560942 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00523934 | |
| 31-12-2023 | micro format | 17-10-2024 | 2024-00509787 | |
| 31-12-2022 | micro format | 31-10-2023 | 2023-00500455 | |
| 31-12-2021 | micro format | 31-10-2023 | 2023-00501070 | |
| 31-12-2020 | micro format | 28-10-2021 | 2021-75700489 | |
| 31-12-2019 | micro format | 05-11-2020 | 2020-69400116 | |
| 31-12-2018 | micro format | 19-09-2019 | 2019-64800528 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-57000459 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58600082 |
Board & ownership
Directors
Directors
1 director
VANDECAN François
Current
Director · listed in the 2025 annual accounts, filed on 16-10-2026
Owners and capital
Owners
Network & group
SOFTWORK shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SOFTWORK. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
16-10
micro format · 77 days late
2025
30-09
micro format · 61 days late
2024
17-10
micro format · 78 days late
2023
2022
31-12
Financial
Back to profitnet €1,743
The net result is €1,743, after 3 loss-making years.
2021
28-10
micro format · 89 days late
2020
31-12
Financial
Weakest financial yearnet -€50,225
The net result drops to -€50,225, the lowest from 2018 to 2025. It recovers the following year.
05-11
micro format · 97 days late
2019
19-09
micro format · 50 days late
2018
31-08
micro format · 31 days late
2017
31-08
micro format · 31 days late
1989
12-05
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SOFTWORK in French
Enterprise number
0437.245.712
LEI code
967600A5XK6NSGQHRZ88
no longer live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
21-04-1989
Entity type
Legal entity
Registered office and establishments
Registered office
Lindeken 12, 1650 Beersel, Belgium
Establishment unit
SOFTWORK SC, Lindeken 12, 1650 Beersel since 03-05-1989 · unit number 2.043.231.95246500 Wholesale of information and communication equipment
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
Codes under NACEBEL 2003
72220
main activity
Invoicing and payment
VAT number
BE 0437.245.712
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
705 m²
Building footprint
131 m²
Building volume
649 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23003B0194/00W000 | Flanders | 705 m² | 1 · 131 m² | 7.9 m · 2 |