Equity
Equity fell by 82% in 5 years.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 20% of them on solvency, 36% on liquidity, 82% on profitability and 46% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 5,053 companies had the same profile as SRC has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SRC itself is lower: 0.1% within 12 months. It rests on far more data about SRC than the profile alone.
The method was tested on the 497,447 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 5,053 companies, not a prediction for SRC. 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.
Liquidity is insufficient, with a current ratio of 0.88 (0.88 in 2024), below 1. Short-term debt is 83.7% and cash 41.1% of total assets. 83.7% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 25 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.
| Company | ||||
|---|---|---|---|---|
| SRC Nijlen | €117,677 | €112,033 | 16.3% | - |
| MillerFox Stabroek | €111,923 | €113,234 | 9.3% | - |
| Ithaca Quest Mortsel | €135,173 | €119,816 | 17.2% | - |
| NOVA-IT Rotselaar | €114,945 | €110,177 | 87.8% | - |
| Gilis Solutions Herent | €119,076 | €111,121 | 16.5% | - |
| PLEXYTECH Uccle | €118,706 | €113,788 | 17.2% | - |
| EXPECTED BEHAVIOUR Sint-Niklaas | €128,400 | €113,757 | 0.0% | - |
These companies have the same main activity as SRC: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €112,000 and €135,000, founded between 2016 and 2017.
SRC files the micro format. That format states no turnover. The gross margin rose from €24,334 in 2018 to €112,033 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €160,000 and €220,000.
Higher than 18% of 21,208 companies in 2025.
Higher than 13% of 20,571 companies in 2025.
Higher than 91% of 20,746 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
117,677 | 178,484 | 216,561 | 228,930 | 214,157 | 125,849 | 79,000 | 50,335 | |
21/28 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | 875 | 1,743 | 3,523 | |
22/27 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | 875 | 1,743 | 3,523 | |
23 |
- | - | - | - | - | 875 | 1,743 | 3,523 | |
24 |
31,015 | 47,960 | 67,621 | 79,216 | 1,417 | - | - | - | |
29/58 |
86,662 | 130,524 | 148,941 | 149,714 | 212,740 | 124,974 | 77,257 | 46,813 | |
40/41 |
33,095 | 64,863 | 34,506 | 34,469 | 51,667 | 27,921 | 27,134 | 27,286 | |
40 |
32,610 | 62,472 | 34,260 | 33,033 | 51,667 | 27,921 | 27,134 | 27,286 | |
41 |
486 | 2,391 | 246 | 1,436 | - | - | - | - | |
50/53 |
- | - | 25,000 | 37,000 | - | - | - | - | |
54/58 |
48,356 | 60,495 | 83,950 | 67,568 | 151,243 | 96,318 | 50,123 | 18,840 | |
490/1 |
5,211 | 5,166 | 5,484 | 10,677 | 9,830 | 735 | - | 688 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
117,677 | 178,484 | 216,561 | 228,930 | 214,157 | 125,849 | 79,000 | 50,335 | |
10/15 |
19,230 | 18,867 | 63,725 | 79,963 | 64,234 | 104,500 | 57,347 | 23,567 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | |
11 |
- | - | - | - | - | 12,400 | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | |
13 |
630 | 267 | 45,125 | 61,363 | 45,634 | 92,100 | 44,947 | 11,167 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | |
133 |
630 | 267 | 43,265 | 59,503 | 43,774 | 90,240 | 43,087 | 9,307 | |
14 |
0 | - | - | - | - | - | - | - | |
17/49 |
98,447 | 159,616 | 152,836 | 148,968 | 149,923 | 21,349 | 21,653 | 26,769 | |
17 |
0 | 10,890 | 29,358 | 47,572 | - | - | - | - | |
170/4 |
0 | 10,890 | 29,358 | 47,572 | - | - | - | - | |
42/48 |
98,447 | 148,726 | 123,479 | 101,396 | 149,923 | 21,349 | 21,653 | 26,769 | |
42 |
10,890 | 18,467 | 18,214 | 17,967 | - | - | - | - | |
44 |
1,008 | 5,000 | 316 | 507 | 7,807 | 344 | 1,548 | 5,309 | |
440/4 |
1,008 | 5,000 | 316 | 507 | 7,807 | 344 | 1,548 | 5,309 | |
45 |
2,918 | 5,861 | 4,396 | 11,873 | 11,179 | 16,994 | 16,965 | 13,662 | |
450/3 |
2,918 | 5,861 | 4,396 | 11,873 | 11,179 | 16,994 | 16,965 | 13,662 | |
47/48 |
83,631 | 119,398 | 100,552 | 71,049 | 130,937 | 4,011 | 3,140 | 7,797 | |
| Income statement | |||||||||
9900 |
112,033 | 108,215 | 122,431 | 113,956 | 103,030 | 64,542 | 52,532 | 24,334 | |
630 |
19,694 | 19,661 | 18,218 | 9,104 | 657 | 1,762 | 2,617 | 3,491 | |
640/8 |
997 | 967 | 977 | 1,214 | 1,058 | 1,245 | 551 | 233 | |
9901 |
91,342 | 87,587 | 103,236 | 103,639 | 101,315 | 61,536 | 49,365 | 20,610 | |
75/76B |
0 | 407 | 791 | 70 | 0 | - | - | - | |
75 |
0 | 407 | 791 | 70 | 0 | - | - | - | |
65/66B |
464 | 3,174 | 1,273 | 1,416 | 1,158 | 1,343 | 1,573 | 2,193 | |
65 |
464 | 3,174 | 1,273 | 1,416 | 1,158 | 1,343 | 1,573 | 2,193 | |
9903 |
90,877 | 84,820 | 102,754 | 102,293 | 100,157 | 60,192 | 47,793 | 18,417 | |
67/77 |
18,514 | 17,731 | 20,991 | 21,564 | 21,623 | 13,039 | 14,013 | 7,250 | |
9904 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
9905 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
| Appropriation of the result | |||||||||
9906 |
72,363 | 67,089 | 81,762 | 80,729 | 78,533 | 47,154 | 33,780 | 11,167 | |
791/2 |
0 | 44,947 | 16,238 | - | 46,467 | - | - | - | |
691/2 |
363 | 89 | - | 15,729 | - | 47,154 | 33,780 | 11,167 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
363 | 89 | - | 15,729 | - | 47,154 | 33,780 | 9,307 | |
694/7 |
72,000 | 111,947 | 98,000 | 65,000 | 125,000 | - | - | - | |
694 |
72,000 | 111,947 | 98,000 | 65,000 | 125,000 | - | - | - | |
| Document | |||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-11-2025.
2025 annual accounts filed 22 days after the deadline. Filed on 22 November 2025, deadline 31 October 2025 (7 months after the close on 31 March 2025, Companies Code art. 3:10). Source: NBB, 2025-00569396.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2025 | micro format | 22-11-2025 | 2025-00569396 | |
| 31-03-2024 | micro format | 27-11-2024 | 2024-00605411 | |
| 31-03-2023 | micro format | 14-11-2023 | 2023-00512074 | |
| 31-03-2022 | micro format | 23-11-2022 | 2022-20524839 | |
| 31-03-2021 | micro format | 22-11-2021 | 2021-78000282 | |
| 31-03-2020 | micro format | 10-12-2020 | 2020-75200425 | |
| 31-03-2019 | micro format | 27-11-2019 | 2019-74500368 | |
| 31-03-2018 | micro format | 19-11-2018 | 2018-72500344 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 111,036 | 107,248 | 121,455 | 112,743 | 101,972 | 63,297 | 51,982 | 24,100 | ||
| 92,057 | 86,750 | 99,981 | 89,833 | 79,191 | 48,915 | 36,397 | 14,657 | ||
| 2,750 | 0 | 6,623 | 86,903 | 1,200 | 894 | 837 | 7,013 | ||
| -12,139 | -23,456 | 16,383 | -83,675 | 54,925 | 46,195 | 31,283 | - | ||
| -11,785 | -18,202 | 25,462 | 48,318 | 62,817 | 103,625 | 55,604 | 20,044 | ||
| 16.3% | 10.6% | 29.4% | 34.9% | 30.0% | 83.0% | 72.6% | 46.8% | ||
| 0.88 | 0.88 | 1.21 | 1.48 | 1.42 | 5.85 | 3.57 | 1.75 | ||
| 5.12 | 8.46 | 2.40 | 1.86 | 2.33 | 0.20 | 0.38 | 1.14 | ||
| 376.3% | 355.6% | 128.3% | 101.0% | 122.3% | 45.1% | 58.9% | 47.4% | ||
| 61.5% | 37.6% | 37.8% | 35.3% | 36.7% | 37.5% | 42.8% | 22.2% | ||
| over 100 | 33.79 | 95.39 | 79.62 | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,750 | - | €6,623 | €86,903 |
| €19,694 | €19,661 | €18,218 | €9,104 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 4% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 89.4% to 83.7%. Equity is higher and debt is lower.
SRC has no parent and no holdings in its annual accounts. Steven Rymenans is the only director. SRC shares no director with another company.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kievitweg (Kessel) 10 registered office 2560 Nijlen | 06-10-2016 | 2.257.452.393 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12018A0332/00E000 | 664 m² | 1 · 145 m² | 8.9 m · 2 |
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