SPECIFICATION THROUGH COMPONENT
ActiveSummary
SPECIFICATION THROUGH COMPONENT has been active since 1997 and the Belgian Official 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 21,007 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- 1 FTE
- Equity
- -€3,997
- Profit
- €20,024
Why 55raises riskCapped at 59: negative equityLiquidity: current ratio 0.97, cash €0, halvedNegative equity -€3,997lowers riskSize: total assets €39,928Sector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 7% on solvency, 0% on liquidity, 82% on profitability and 87% on growth.
The bankruptcy probability was computed on 20-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 14 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Amendment of the articles · Legal-form…Legal-form conversion · Capital conversion…
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00027824.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 334% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
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 91.4% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,473 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 74.5% 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.
| Line | 2019 | 2020 | 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 | €5,560 | €404 | €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 | €119,004 | €88,804 | €51,223 | €53,661 | €42,583 | €47,802 | €59,374 | ▲ 24.2% |
| Operating profit (loss)9901 | -€1,755 | €35,197 | €17,574 | -€15,997 | -€7,489 | €3,400 | €14,762 | ▲ 334% |
| Financial income75/76B | - | - | - | €20 | €0 | - | €8,805 | - |
| Recurring financial income75 | €1,460 | - | €1 | €20 | €0 | - | €8,805 | - |
| Financial charges65/66B | - | - | - | €1,286 | €1,062 | €840 | €1,209 | ▲ 43.9% |
| Recurring financial charges65 | €3,188 | €2,182 | €1,062 | €1,286 | €1,062 | €840 | €1,209 | ▲ 43.9% |
| Profit (loss) for the period before taxes9903 | -€3,483 | €33,015 | €16,512 | -€17,263 | -€8,551 | €2,560 | €22,358 | ▲ 773% |
| Income taxes67/77 | €113 | €117 | €117 | €119 | €125 | €134 | €2,334 | ▲ 1,638% |
| Profit (loss) for the period9904 | -€3,596 | €32,897 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| Profit (loss) for the period to be appropriated9905 | -€3,596 | €32,897 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €60,419 | €44,851 | €42,291 | €20,845 | €14,782 | €20,761 | €39,928 | ▲ 92.3% |
| Fixed assets21/28 | €30,302 | €29,898 | €29,898 | €2,224 | €2,106 | €1,398 | €1,766 | ▲ 26.3% |
| Tangible fixed assets22/27 | €29,942 | €29,538 | €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 | €360 | €360 | = |
| Current assets29/58 | €30,116 | €14,953 | €12,393 | €18,622 | €12,675 | €19,363 | €38,162 | ▲ 97.1% |
| Amounts receivable within one year40/41 | €28,986 | €13,203 | €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 | €49 | €556 | €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 | €60,419 | €44,851 | €42,291 | €20,845 | €14,782 | €20,761 | €39,928 | ▲ 92.3% |
| Equity10/15 | -€49,681 | -€16,783 | -€388 | -€17,770 | -€26,447 | -€24,021 | -€3,997 | ▲ 83.4% |
| Contributions10/11 | €18,592 | - | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €6,200 | €6,200 | €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 | -€74,473 | -€41,575 | -€25,180 | -€42,562 | -€51,239 | -€48,813 | -€28,789 | ▲ 41.0% |
| Amounts payable17/49 | €110,099 | €61,635 | €42,679 | €38,615 | €41,228 | €44,782 | €43,925 | ▼ 1.9% |
| Amounts payable within one year42/48 | €110,099 | €61,635 | €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 | €10,311 | €11,161 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,596 | €32,897 | €16,395 | -€17,382 | -€8,677 | €2,425 | €20,024 | ▲ 726% |
| + Depreciation and write-downs630 | €5,560 | €404 | €0 | €287 | €708 | €708 | €910 | ▲ 28.4% |
| Operating cash flow (approximation) | €1,964 | €33,301 | €16,395 | -€17,094 | -€7,968 | €3,134 | €20,934 | ▲ 568% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €27,387 | -€591 | €0 | -€1,278 | - |
| Change in cash | - | €507 | -€532 | €3,214 | -€3,230 | €5,665 | -€5,673 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 28 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 02-02-2026 | 2026-00027824 |
| 30-06-2024 | micro format | 29-01-2025 | 2025-00014786 |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00013926 |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00020889 |
| 30-06-2021 | micro format | 24-12-2021 | 2021-81600585 |
| 30-06-2020 | micro format | 15-01-2021 | 2021-01000157 |
| 30-06-2019 | micro format | 20-12-2019 | 2019-76800419 |
| 30-06-2018 | micro format | 30-11-2018 | 2018-73600253 |
| 30-06-2017 | micro format | 25-01-2018 | 2018-02300481 |
| 30-06-2016 | full format | 30-12-2016 | 2016-72100451 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 30-04-2026 Converted to unavailable equity
Group and network
Connections & network
No sitting directors or connected companies in the Gazette act read.
History
Acts, filings and financial milestones
30-04
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousLegal-form conversion · Capital conversion · Reserve release7 facts ▸
- Legal-form conversion, “Société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Power of attorney
- Power of attorney, Joost DE POTTER
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21803C0567/00W000 | Brussels | 287 m² | 1 · 293 m² | 26.0 m · 7 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Développement et vente de produits et services, tant logiciel que matériel, ayant trait aux technologies de l'information et de la…” (deed in French)
3 activities (deed in French)
- 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
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Specification Through Component
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “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…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non” (deed in French)“Fixe ou proportionnelle, rémunération des administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Les titulaires peuvent prendre connaissance du registre relatif à leurs titres, nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d'expertise sont pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Libérées à leur émission” (deed in French)“Courrier électronique ou courrier ordinaire le même jour, actions nouvelles offertes par préférence aux actionnaires existants…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “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…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 31 October at 20:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “E-mails, ordre du jour” (deed in French)
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Toute personne peut renoncer à la convocation, présente ou représentée à l'assemblée” (deed in French)“Titulaire de titres nominatifs inscrit en cette qualité dans le registre des titres nominatifs relatif à sa catégorie de titres, les droits…” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Signées par un ou plusieurs membres de l'organe d'administration ayant le pouvoir de représentation, liste des présences, rapports éventuels…” (deed in French)1 more provision on this in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite, sauf dans…” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois ans, un ou plusieurs commissaires” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'a été désigné, l'assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer leurs pouvoirs et…” (deed in French)