Specified has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108,032 and a net result of €77,704. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 32% of 1,683 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Score breakdownraises riskLiquidity: current ratio 1.24, cash €7,889, halvedlowers riskSector: Computer programming, consultancy and related activities (NACE 62)Figures for financial year 2025 (filed on 27-07-2026)Legal form: public limited companyShow the evidence
Checked score
Score 2025
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
81/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 34% of micro companies in computer programming and consultancy (NACE 62)
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
Weak
Solvency44+13
equity 19.1% of total assets
Liquidity7-16
short-term debt 80.8% · cash 1.4%
Profitability69-11
return on assets 13.8%
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
0.4%Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (25,913 companies, NACE 62, micro)
Last 24 months12-2024: 1.6%highest value01-2025: 1.6%● unchanged vs 12-202402-2025: 1.6%● unchanged vs 01-202503-2025: 1.5%▼ -0.1 percentage points vs 02-202504-2025: 1.5%● unchanged vs 03-202505-2025: 1.5%● unchanged vs 04-202506-2025: 1.4%▼ -0.1 percentage points vs 05-202507-2025: 1.5%▲ +0.1 percentage points vs 06-202508-2025: 0.5%▼ -1.0 percentage point vs 07-202509-2025: 0.5%● unchanged vs 08-202510-2025: 0.5%● unchanged vs 09-202511-2025: 0.5%● unchanged vs 10-202512-2025: 0.5%● unchanged vs 11-202501-2026: 0.5%● unchanged vs 12-202502-2026: 0.5%● unchanged vs 01-202603-2026: 0.5%● unchanged vs 02-202604-2026: 0.5%● unchanged vs 03-202605-2026: 0.5%● unchanged vs 04-202606-2026: 0.2%▼ -0.3 percentage points vs 05-2026lowest value07-2026: 0.2%● unchanged vs 06-202608-2026: 0.4%▲ +0.2 percentage points vs 07-202609-2026: 0.4%● unchanged vs 08-202610-2026: 0.4%● unchanged vs 09-202611-2026: 0.4%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.24 (1.06 in 2024), below the usual 1.5. Short-term debt is 80.8% and cash 1.4% of total assets. 80.9% 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 21% of them on solvency, 4% on liquidity, 28% on profitability and 82% 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
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 8 days before 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 27 July (5 of the last 5 accounts filed within 30 days either side of that date).
The EBIT margin is the share of each euro of revenue left from ordinary operations. The higher it is, the more room the company has to absorb a setback.
The net result is what is left after all costs and taxes. One loss year is not an alarm on its own. After several loss years in a row, it pays to find out why.
Working capital is what is left when the company pays its short-term debts with its short-term assets. Positive means it can pay its bills in the short term.
Net result-€0.01mbelow the sector's middle half--€0.1mbelow the sector's middle half▼ 734%-€0.03mbelow the sector's middle half▲ 71.3%-€0.01mbelow the sector's middle half▲ 55.1%€0.1mabove the sector's middle half€0.08mwithin the sector's middle half▼ 38.8%
Equity€0.05mwithin the sector's middle half--€0.05mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 55.3%-€0.1mbelow the sector's middle half▼ 16.0%€0.03mbelow the sector's middle half€0.1mwithin the sector's middle half▲ 256%
Total assets€0.08mbelow the sector's middle half-€0.2mbelow the sector's middle half▲ 133%€0.3mwithin the sector's middle half▲ 62.0%€0.4mwithin the sector's middle half▲ 29.2%€0.5mwithin the sector's middle half▲ 41.2%€0.6mwithin the sector's middle half▲ 4.9%
Working capital€0.05mwithin the sector's middle half--€0.06mbelow the sector's middle half-€0.08mbelow the sector's middle half▼ 52.6%-€0.1mbelow the sector's middle half▼ 15.3%€0.03mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 254%
Solvency63.4%within the sector's middle half--29.4%below the sector's middle half▼ 92.9pp-28.2%below the sector's middle half▲ 1.2pp-25.3%below the sector's middle half▲ 2.9pp5.6%below the sector's middle half▲ 31.0pp19.1%within the sector's middle half▲ 13.5pp
Current ratio2.88within the sector's middle half-0.77below the sector's middle half▼ 2.120.78below the sector's middle half▲ 0.010.80below the sector's middle half▲ 0.021.06within the sector's middle half▲ 0.261.24within the sector's middle half▲ 0.18
Return on assets (ROA)-15.8%below the sector's middle half--56.7%below the sector's middle half▼ 40.9pp-10.1%below the sector's middle half▲ 46.6pp-3.5%below the sector's middle half▲ 6.6pp23.6%above the sector's middle half▲ 27.1pp13.8%above the sector's middle half▼ 9.8pp
Staff (FTE)1.5below the sector's middle half1below the sector's middle half▼ 33.3%2within the sector's middle half▲ 100%2within the sector's middle half=5within the sector's middle half▲ 150%
abovewithinbelowThe 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 20% lower than in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €564,483
99.8%
Fixed assets€883
Current assets€563,600
Equity and liabilities €564,483
19.1%
80.8%
Equity€108,032 ▲ 256%
Provisions€188
Debt€456,263 ▼ 10.2%
Debt's share of the balance-sheet total falls from 94.4% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€112,259▼
2024 · €140,886
Cash flow
€77,705▼
2024 · €127,504
Debt to equity
4.22▼
2024 · 16.75
ROE
71.9%▼
2024 · 418.5%
Interest coverage
11.09▲
2024 · 10.91
Debt ≤ 1 year
€456,114▼
2024 · €507,864
Income taxes
€24,430▲
2024 · €474
Customer credit
73 days▲
2024 · 64 days
Supplier credit
58 days▲
2024 · 55 days
Staff costs
€420,098▲
2024 · €227,485
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
social balance sheet
Item
31-12-2021
31-12-2022
31-12-2023
31-12-2024
31-12-2025
Employees at the balance-sheet date
1
1
2
2
7
full-time
1
1
2
2
7
in full-time equivalents
1
1
2
2
7
Average over the year, in full-time equivalents
1.5
1
2
2
5
On a permanent contract
1
1
2
2
7
Joined
0
1
2
-
6
Left
4
0
1
-
1
Training hours
61
-
73
58
147
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired
Item
2021
2022
2023
2024
2025
Tangible fixed assets
-
€1,288
-
-
€883
Financial fixed assets
€1,600
-
-
-
-
Depreciation and write-downs of the year
-
€287
€429
€571
€1
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 54 lines
Balance sheetCode20242025
Assets
Total assets20/58€0.5m€0.6m▲
Fixed assets21/28-€0.001m
Tangible fixed assets22/27-€0.001m
Plant, machinery and equipment23-€0.001m
Current assets29/58€0.5m€0.6m▲
Amounts receivable within one year40/41€0.4m€0.5m▲
Trade receivables40€0.4m€0.5m▲
Other amounts receivable41€131-
Cash at bank and in hand54/58€0.1m€0.008m▼
Deferred charges and accrued income490/1€0.006m€0.01m▲
Equity and liabilities
Total equity and liabilities10/49€0.5m€0.6m▲
Equity10/15€0.03m€0.1m▲
Contributions10/11€0.06m€0.06m=
Capital10€0.06m€0.06m=
Issued capital100€0.06m€0.06m=
Reserves13-€0.05m
Non-distributable reserves130/1-€0.006m
Legal reserve130-€0.006m
Distributable reserves133-€0.04m
Profit (loss) carried forward14-€0.03m€0.001m▲
Provisions and deferred taxes16-€188
Provisions for liabilities and charges160/5-€188
Pensions and similar obligations160-€188
Amounts payable17/49€0.5m€0.5m▼
Amounts payable within one year42/48€0.5m€0.5m▼
Trade debts44€0.3m€0.4m▲
Suppliers440/4€0.3m€0.4m▲
Taxes, remuneration and social security45€0.06m€0.08m▲
Taxes450/3€0.03m€0.03m▼
Remuneration and social security454/9€0.03m€0.05m▲
Other amounts payable47/48€0.1m€0.03m▼
Accrued charges and deferred income492/3€42€149▲
Income statementCode20242025
Turnover70€2.5m€2.7m▲
Goods, raw materials, services and sundry goods60/61€2.1m€2.2m▲
Remuneration, social security and pensions62€0.2m€0.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.001m€1▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€188
Other operating charges640/8€0.002m€0.002m▲
Gross operating margin9900€0.4m€0.5m▲
Operating profit (loss)9901€0.1m€0.1m▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€0.01m€0.01m▼
Recurring financial charges65€0.01m€0.01m▼
Profit (loss) for the period before taxes9903€0.1m€0.1m▼
Income taxes67/77€474€0.02m▲
Profit (loss) for the period9904€0.1m€0.08m▼
Profit (loss) for the period to be appropriated9905€0.1m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.03m€0.05m▲
Profit (loss) brought forward from the previous period14P-€0.2m-€0.03m▲
Transfer to equity691/2-€0.05m
To the legal reserve6920-€0.006m
To other reserves6921-€0.04m
Social balance sheet
Average headcount (FTE)90872.05.0▲
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.
The figures are counted, not predicted. They describe the group, not Specified.
In July 2024, 6,713 companies had the same profile as Specified has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
Micro
5 to 10 years old
solvency 10 to 30%
a profit of 5% of the balance sheet or more
95.8%was still going
2.2%stopped otherwise
1.8%went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Specified itself: 0.4% 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.
The companies in ten equal groups, from the lowest to the highest expected share
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 6,713 companies, not a prediction for Specified. 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.
Director · since 13-06-2024 · 6-year term from 2024 · Public limited company · permanent representative: DEROOST Dirk Jules Clement · also on the board of 270 other companies · listed in the 2025 annual accounts, filed on 27-07-2026
Director · since 28-08-2024 · 6-year term from 2024 · Public limited company · permanent representative: ANTHONIS Ans · also on the board of 6 other companies · listed in the 2025 annual accounts, filed on 27-07-2026
Current
Permanent representatives 2
DJ
DEROOST Dirk Jules Clement
Permanent representative · in office according to the act of 13-09-2024 · for De Cronos Groep
Current
AA
ANTHONIS Ans
Permanent representative · appointed in the act of 13-09-2024 · for CrossPoint Solutions
Current
Statutory auditor 1
KB
KPMG Bedrijfsrevisoren CVBA
Statutory auditor · appointed in the act of 07-04-2023 · permanent representative: Dieter Vanloock
Equity €16.8mLoss of €20,067 in 2025 (profit of €770,815 in 2024)Checked score 88
80%
Mandate history
Mandate history
Each bar is one period in a function, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
The net result is €126,933, after 4 loss-making years.
13-09
Gazette deedCompany renamed from vonk IT to Specified
Reappointments: DE WIT Josephus Louisa Felix, De Cronos Groep and Kapture · Permanent representatives: DEROOST Dirk Jules Clement, HUYGH Erik and ANTHONIS Ans · Resignation: Kapture (director)11 points ▸
General meeting, 05-09-2024
Name change, Specified
Director reappointment, DE WIT Josephus Louisa Felix (director)
Director reappointment, De Cronos Groep (director)
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 27 May 2019, Specified was incorporated as a public limited company.1The name was changed to vonk IT in 2023 and to Specified in 2024.23In 2024 the registered office moved to Kontich.4Turnover went from €622,286 in 2021 to €2.7m in 2025 and headcount from 1.5 to 5 full-time equivalents.5