SPECIFICATION THROUGH COMPONENT
ActiveSummary
SPECIFICATION THROUGH COMPONENT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,997) and a net result of €20,024. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+26
Solvency15▲+15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.48 in 2024; short-term debt: 99% and cash: 0% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-10%
Return on assets
50.2%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 17239 sector peers (2025).
NBB · sector comparisonPosition among 17239 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
2 d early
2023
1 d early
2022
on the day
2021
38 d early
2020
16 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 30 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€3,997▲ 83.4%
2024 · -€24,021
Total assets
€39,928▲ 92.3%
2024 · €20,761
Net result
€20,024▲ 726%
2024 · €2,425
Working capital
-€1,353▲ 93.6%
2024 · -€21,009
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17,574▼ 50.1%-€15,997-€7,489▲ 53.2%€3,400€14,762▲ 334%
Net result€16,395within the sector's middle half▼ 50.2%-€17,382below the sector's middle half-€8,677below the sector's middle half▲ 50.1%€2,425below the sector's middle half€20,024within the sector's middle half▲ 726%
Equity-€388below the sector's middle half▲ 97.7%-€17,770below the sector's middle half▼ 4,476%-€26,447below the sector's middle half▼ 48.8%-€24,021below the sector's middle half▲ 9.2%-€3,997below the sector's middle half▲ 83.4%
Total assets€42,291below the sector's middle half▼ 5.7%€20,845below the sector's middle half▼ 50.7%€14,782below the sector's middle half▼ 29.1%€20,761below the sector's middle half▲ 40.4%€39,928below the sector's middle half▲ 92.3%
Debt€42,679▼ 30.8%€38,615▼ 9.5%€41,228▲ 6.8%€44,782▲ 8.6%€43,925▼ 1.9%
Working capital-€30,272below the sector's middle half▲ 35.2%-€19,994below the sector's middle half▲ 34.0%-€28,553below the sector's middle half▼ 42.8%-€21,009below the sector's middle half▲ 26.4%-€1,353below the sector's middle half▲ 93.6%
Solvency-0.9%below the sector's middle half▲ 36.5pp-85.2%below the sector's middle half▼ 84.3pp-178.9%below the sector's middle half▼ 93.7pp-115.7%below the sector's middle half▲ 63.2pp-10.0%below the sector's middle half▲ 105.7pp
Current ratio0.29below the sector's middle half▲ 0.050.48below the sector's middle half▲ 0.190.31below the sector's middle half▼ 0.170.48below the sector's middle half▲ 0.170.97below the sector's middle half▲ 0.49
Return on assets (ROA)38.8%above the sector's middle half▼ 34.6pp-83.4%below the sector's middle half▼ 122.2pp-58.7%below the sector's middle half▲ 24.7pp11.7%within the sector's middle half▲ 70.4pp50.2%above the sector's middle half▲ 38.5pp
Staff (FTE)0.5▼ 37.5%1▲ 100%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 334% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39,928
Fixed assets
€1,766 ▲ 26.3%
Current assets
€38,162 ▲ 97.1%
Key figures and ratios
EBITDA
€15,672▲
2024 · €4,108
Cash flow
€20,934▲
2024 · €3,134
Debt to equity
-10.99▼
2024 · -1.86
Interest coverage
12.96▲
2024 · 4.89
Debt ≤ 1 year
€39,515▼
2024 · €40,371
Income taxes
€2,334▲
2024 · €134
Staff costs
€34,012▼
2024 · €34,148
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,091 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €35,541 | €38,218 | €34,148 | €34,012 | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €287 | €708 | €708 | €910 | ▲ 28.4% |
| Other operating charges640/8 | - | €4,290 | €11,146 | €9,547 | €9,690 | ▲ 1.5% |
| Non-recurring operating charges66A | - | €29,538 | €0 | - | - | - |
| Gross operating margin9900 | €51,223 | €53,661 | €42,583 | €47,802 | €59,374 | ▲ 24.2% |
| Operating profit (loss)9901 | €17,574 | -€15,997 | -€7,489 | €3,400 | €14,762 | ▲ 334% |
| Financial income75/76B | - | €20 | €0 | - | €8,805 | - |
| Recurring financial income75 | €1 | €20 | €0 | - | €8,805 | - |
| Financial charges65/66B | - | €1,286 | €1,062 | €840 | €1,209 | ▲ 43.9% |
| Recurring financial charges65 | €1,062 | €1,286 | €1,062 | €840 | €1,209 | ▲ 43.9% |
| Profit (loss) for the period before taxes9903 | €16,512 | -€17,263 | -€8,551 | €2,560 | €22,358 | ▲ 773% |
| Income taxes67/77 | €117 | €119 | €125 | €134 | €2,334 | ▲ 1,638% |
| Profit (loss) for the period9904 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| Profit (loss) for the period to be appropriated9905 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,291 | €20,845 | €14,782 | €20,761 | €39,928 | ▲ 92.3% |
| Fixed assets21/28 | €29,898 | €2,224 | €2,106 | €1,398 | €1,766 | ▲ 26.3% |
| Tangible fixed assets22/27 | €29,538 | €1,864 | €1,746 | €1,038 | €1,406 | ▲ 35.5% |
| Land and buildings22 | - | €0 | - | - | - | - |
| Furniture and vehicles24 | - | €1,864 | €1,746 | €1,038 | €1,406 | ▲ 35.5% |
| Financial fixed assets28 | €360 | €360 | €360 | €360 | €360 | = |
| Current assets29/58 | €12,393 | €18,622 | €12,675 | €19,363 | €38,162 | ▲ 97.1% |
| Amounts receivable within one year40/41 | €11,438 | €14,268 | €11,836 | €13,173 | €37,564 | ▲ 185% |
| Trade receivables40 | - | €14,268 | €11,836 | €13,173 | €14,606 | ▲ 10.9% |
| Other amounts receivable41 | - | - | - | - | €22,957 | - |
| Cash at bank and in hand54/58 | €24 | €3,238 | €8 | €5,673 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | - | €1,115 | €831 | €517 | €598 | ▲ 15.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,291 | €20,845 | €14,782 | €20,761 | €39,928 | ▲ 92.3% |
| Equity10/15 | -€388 | -€17,770 | -€26,447 | -€24,021 | -€3,997 | ▲ 83.4% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€25,180 | -€42,562 | -€51,239 | -€48,813 | -€28,789 | ▲ 41.0% |
| Amounts payable17/49 | €42,679 | €38,615 | €41,228 | €44,782 | €43,925 | ▼ 1.9% |
| Amounts payable within one year42/48 | €42,665 | €38,615 | €41,228 | €40,371 | €39,515 | ▼ 2.1% |
| Financial debts43 | - | €0 | €884 | €0 | €5,291 | - |
| Credit institutions430/8 | - | €0 | €884 | €0 | €5,291 | - |
| Trade debts44 | €6,336 | €9,882 | €8,668 | €11,382 | €4,487 | ▼ 60.6% |
| Suppliers440/4 | - | €9,882 | €8,668 | €11,382 | €4,487 | ▼ 60.6% |
| Taxes, remuneration and social security45 | - | €23,189 | €19,554 | €20,534 | €29,736 | ▲ 44.8% |
| Taxes450/3 | - | €9,848 | €11,951 | €8,343 | €14,155 | ▲ 69.7% |
| Remuneration and social security454/9 | - | €13,341 | €7,603 | €12,192 | €15,581 | ▲ 27.8% |
| Other amounts payable47/48 | - | €5,544 | €12,122 | €8,455 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €0 | - | €4,410 | €4,410 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| + Depreciation and write-downs630 | €0 | €287 | €708 | €708 | €910 | ▲ 28.4% |
| Operating cash flow (approximation) | €16,395 | -€17,094 | -€7,968 | €3,134 | €20,934 | ▲ 568% |
| Investment in fixed assets (approximation) | - | €27,387 | -€591 | €0 | -€1,278 | - |
| Change in cash | - | €3,214 | -€3,230 | €5,665 | -€5,673 | ▼ 200% |
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
Next filing, fiscal year 2026, expected by
2026
30-04
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments · MiscellaneousLegal-form conversion · Capital conversion · Reserve release7 facts ▸
State Gazette act
Statutes amendment · Legal-form change · Resignations & appointments · Miscellaneous
Legal-form conversion · Capital conversion · Reserve release7 facts ▸
- Legal-form conversion, Société à responsabilité limitée
- Capital conversion, compte de capitaux propres statutairement indisponible
- Reserve release, suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution
- Statutes amendment
- Capital
- Power of attorney
- Power of attorney, Joost DE POTTER
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €2,425
Net result €2,425 after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€17,382
Net result drops to -€17,382, the lowest in the series; recovery starts the following year.
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €32,897
Net result €32,897 after one loss-making year.
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 1 act read
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, Brussel · 1 establishment unit since 1997
Ground area
287 m²
Building footprint
293 m²
Volume, LiDAR
5,269 m³
Parcel 21803C0567/00W000, Brussels · tallest building 26.0 m, ±7 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Omwentelingsstraat 12, 1000 Brussel
since 19972.081.385.814
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21803C0567/00W000 | Brussels | 287 m² | 1 · 293 m² | 26.0 m · 7 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.
Articles of association
Who signs
“Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de ceux-ci. Lorsque la société est administrée par plusieurs administrateurs, ceux-ci forment un organe d’…”
Full text
Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de ceux-ci. Lorsque la société est administrée par plusieurs administrateurs, ceux-ci forment un organe d’ administration collégial. Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit en défendant. L’organe d’administration collégial peut déléguer des pouvoirs spéciaux à tout mandataire.
Daily management
The board decides whether the delegates act alone or jointly
Annual meeting
31 October at 20:00
Duration
Unlimited
Purpose
Développement et vente de produits et services, tant logiciel que matériel, ayant trait aux technologies de l'information et de la communication; Toutes opérations industrielles…
Full purpose (3 activities)
- Développement et vente de produits et services, tant logiciel que matériel, ayant trait aux technologies de l'information et de la communication
- Toutes opérations industrielles, commerciales et financières, mobilières ou immobilières pouvant se rattacher directement ou indirectement à l'objet
- S'intéresser directement ou indirectement dans toutes affaires, entreprises, associations, institutions dont l'objet serait similaire ou connexe au sien ou simplement utile à l'extension de ses opérations ou à la réalisation de tout ou partie de son objet
Name clause
Specification Through Component
Registered office clause
Article 2. Siège
Share issue rule
Libérées à leur émission
Courrier électronique ou courrier ordinaire le même jour, actions nouvelles offertes par préférence aux actionnaires existants proportionnellement au nombre d'a…
Share class
Les titulaires peuvent prendre connaissance du registre relatif à leurs titres, nominatives
Transfer restriction
Tous les frais de procédure et d'expertise sont pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs proportionnellement au nombre d'acti…
Board rule
Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non
Fixe ou proportionnelle, rémunération des administrateurs
Auditor rule
Trois ans, un ou plusieurs commissaires
Meeting notice
E-mails, ordre du jour
Meeting access
Toute personne peut renoncer à la convocation, présente ou représentée à l'assemblée
Titulaire de titres nominatifs inscrit en cette qualité dans le registre des titres nominatifs relatif à sa catégorie de titres, les droits afférents aux titres…
Meeting procedure
Signées par un ou plusieurs membres de l'organe d'administration ayant le pouvoir de représentation, liste des présences, rapports éventuels et procurations
Article 19. Prorogation
Voting rule
Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite, sauf dans les cas prévus par la…
Profit allocation
Dans les limites des articles 5:142 et 5:143 du Code des Sociétés et des associations, bénéfice de l'exercice en cours ou de l'exercice précédent tant que les c…
Dissolution rule
Formes prévues pour les modifications aux statuts, en tout temps
Liquidation rule
Si aucun autre liquidateur n'a été désigné, l'assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer leurs pouvoirs et émoluments
Liquidation distribution
Les biens conservés sont remis pour être partagés dans la même proportion, l'actif net est réparti entre tous les actionnaires en proportion de leurs actions
Other statement
Élection de domicile, toutes communications, sommations, assignations, significations peuvent lui être valablement faites
Tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à l'exécution des statuts,…
Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les statuts, droit commun
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Belgian Mobile ID
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 29,996 companies in sector 62200 we hold annual accounts for 18,397. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-04-1997
Fiscal year end30-06
Abbreviation FR
SPECICOM
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
46900Non-specialised wholesale trade
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460354872
Also
9925:BE0460354872
Registered
22-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.