Equity
Equity rose in 2025 from €151,499 to €317,823.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 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 33% of them on solvency, 10% on liquidity, 57% on profitability and 91% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-12-2025.
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, 26,972 companies had the same profile as Staizen has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Staizen itself is lower: 0.2% within 12 months. It rests on far more data about Staizen 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 26,972 companies, not a prediction for Staizen. 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 ample, with a current ratio of 1.7 (1.68 in 2024), above the usual 1.5. Short-term debt is 56.8% and cash 4.3% of total assets. However, 63.5% 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 74 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 | ||||
|---|---|---|---|---|
| Staizen Forest | €0.9m | €660,696 | 36.5% | - |
| EXTERNALIZ-IT Fernelmont | €1.1m | €665,721 | 11.8% | 5.4 |
| DIGICOMMERCE BENELUX Anderlecht | €0.8m | €637,057 | 40.8% | 7.9 |
| SmartPos SRL Watermael-Boitsfort | €0.9m | €499,061 | 18.5% | 7.3 |
| SHYFTER Ixelles | €1.1m | €738,007 | 47.3% | 18.4 |
| POLINIVO Ixelles | €0.8m | €649,792 | 88.6% | - |
| Blue Rose Technologies Brussels | €1.2m | €481,107 | 14.2% | 4.6 |
These companies have the same main activity as Staizen: computer programming (NACE 62100). They are comparable in size and age: total assets between €829,000 and €1.2m, founded between 2018 and 2021.
Staizen files the micro format. That format states no turnover. The gross margin rose from €91,223 in 2020 to €660,696 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 ≈ €1.7m. Estimated: probably between €1.2m and €2.8m.
Higher than 31% of 21,206 companies in 2025.
Higher than 37% of 20,569 companies in 2025.
Higher than 51% of 20,744 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 3 people left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
869,727 | 624,519 | 796,069 | 712,143 | 209,772 | 139,995 | |
21/28 |
31,111 | 32,829 | 36,766 | 35,088 | 35,437 | 2,058 | |
22/27 |
1,111 | 2,829 | 6,766 | 5,088 | 5,437 | 2,058 | |
24 |
1,111 | 2,829 | 6,766 | 5,088 | 5,437 | 2,058 | |
28 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | |
29/58 |
838,616 | 591,690 | 759,303 | 677,055 | 174,335 | 137,937 | |
40/41 |
795,442 | 364,815 | 692,815 | 587,264 | 155,784 | 91,742 | |
40 |
757,595 | 310,693 | 675,830 | 586,000 | 135,504 | 90,562 | |
41 |
37,847 | 54,122 | 16,985 | 1,265 | 20,279 | 1,180 | |
54/58 |
36,985 | 226,875 | 63,404 | 89,791 | 18,551 | 46,116 | |
490/1 |
6,189 | - | 3,083 | - | - | 80 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
869,727 | 624,519 | 796,069 | 712,143 | 209,772 | 139,995 | |
10/15 |
317,823 | 151,499 | 384,352 | 298,013 | 69,008 | 44,979 | |
10/11 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | |
14 |
287,823 | 121,499 | 354,352 | 268,013 | 39,008 | 14,979 | |
16 |
- | - | - | 142,354 | - | - | |
160/5 |
- | - | - | 142,354 | - | - | |
164/5 |
- | - | - | 142,354 | - | - | |
17/49 |
551,903 | 473,020 | 411,716 | 271,776 | 140,764 | 95,016 | |
17 |
52,729 | 120,146 | - | 31,738 | 27,311 | - | |
170/4 |
52,729 | 120,146 | - | 31,738 | 27,311 | - | |
42/48 |
493,671 | 352,874 | 411,716 | 240,038 | 113,453 | 95,016 | |
42 |
67,417 | 64,259 | 33,959 | 35,609 | - | - | |
44 |
312,417 | 125,469 | 147,484 | 105,191 | 83,370 | 70,982 | |
440/4 |
312,417 | 125,469 | 147,484 | 105,191 | 83,370 | 70,982 | |
45 |
97,332 | 148,942 | 227,474 | 92,137 | 28,960 | 22,403 | |
450/3 |
56,819 | 94,079 | 132,914 | 66,343 | 9,102 | 13,821 | |
454/9 |
40,513 | 54,863 | 94,560 | 25,793 | 19,858 | 8,582 | |
47/48 |
16,505 | 14,203 | 2,799 | 7,101 | 1,123 | 1,631 | |
492/3 |
5,504 | - | - | - | - | - | |
| Income statement | |||||||
9900 |
660,696 | 267,380 | 710,688 | 709,206 | 114,136 | 91,223 | |
62 |
440,758 | 421,814 | 543,902 | 262,335 | 84,890 | 71,898 | |
630 |
2,757 | 3,591 | 5,813 | 3,073 | 2,485 | 827 | |
635/8 |
- | - | - | 142,354 | - | - | |
640/8 |
22,967 | 63,342 | 737 | - | - | - | |
66A |
- | 410 | - | - | - | - | |
9901 |
194,214 | -221,778 | 160,236 | 301,444 | 26,762 | 18,498 | |
75/76B |
172 | 6,100 | 348 | 2,839 | 4,452 | 1,005 | |
75 |
172 | 5,302 | 348 | 2,839 | 4,452 | 1,005 | |
76B |
- | 798 | - | - | - | - | |
65/66B |
8,181 | 11,850 | 44,203 | 2,378 | 785 | 300 | |
65 |
8,181 | 11,850 | 44,203 | 2,378 | 785 | 300 | |
9903 |
186,205 | -227,528 | 116,381 | 301,905 | 30,429 | 19,204 | |
67/77 |
19,880 | 5,326 | 30,041 | 72,900 | 6,399 | 4,225 | |
9904 |
166,325 | -232,854 | 86,340 | 229,005 | 24,029 | 14,979 | |
9905 |
166,325 | -232,854 | 86,340 | 229,005 | 24,029 | 14,979 | |
| Appropriation of the result | |||||||
9906 |
287,823 | 121,499 | 354,352 | 268,013 | 39,008 | 14,979 | |
14P |
121,499 | 354,352 | 268,013 | 39,008 | 14,979 | - | |
| Social balance sheet | |||||||
9087 |
5.1 | 5.1 | 8.3 | - | 2.6 | 1.6 | |
Hours worked1013 |
- | 8,184 | - | - | 4,755 | 2,587 | |
| Document | |||||||
The notes to these accounts have 7 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.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00459620.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00459620 | |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538483 | |
| 31-12-2023 | micro format | 18-11-2024 | 2024-00601311 | |
| 31-12-2022 | micro format | 12-12-2023 | 2023-00526339 | |
| 31-12-2021 | micro format | 13-09-2022 | 2022-20431340 | |
| 31-12-2020 | micro format | 23-09-2021 | 2021-68400180 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 196,971 | -218,186 | 166,049 | 304,517 | 29,247 | 19,325 | ||
| 169,081 | -229,262 | 92,152 | 232,078 | 26,514 | 15,806 | ||
| 1,039 | -346 | 1,239 | 2,724 | 35,865 | 2,885 | ||
| -189,890 | 163,471 | -26,387 | 71,240 | -27,564 | - | ||
| 344,945 | 238,816 | 347,586 | 437,017 | 60,882 | 42,921 | ||
| 36.5% | 24.3% | 48.3% | 41.8% | 32.9% | 32.1% | ||
| 1.70 | 1.68 | 1.84 | 2.82 | 1.54 | 1.45 | ||
| 1.74 | 3.12 | 1.07 | 0.91 | 2.04 | 2.11 | ||
| 52.3% | -153.7% | 22.5% | 76.8% | 34.8% | 33.3% | ||
| 19.1% | -37.3% | 10.8% | 32.2% | 11.5% | 10.7% | ||
| 24.08 | -18.41 | 3.76 | over 100 | 37.25 | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | 5 | - | 4 |
| full-time | - | 4 | - | 4 |
| part-time | - | 1 | - | - |
| in full-time equivalents | 4.8 | 4.8 | - | 4 |
| 5.1 | 5.1 | 8.3 | 2.6 | |
| On a permanent contract | 5 | 5 | 7 | 3 |
| Joined | 0 | 0 | 3 | 6 |
| Left | 3 | 3 | 2 | 4 |
| Training hours | - | - | - | 97,660 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,039 | - | €1,239 | €2,724 | €5,865 |
| Financial fixed assets | - | - | - | - | €30,000 |
| €2,757 | €3,591 | €5,813 | €3,073 | €2,485 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €194,214, after a loss of €221,778 in 2024. It is the highest result since 2022.
Debt's share of the balance-sheet total falls from 75.7% to 63.5%. Equity and debt are higher.
Staizen has no parent and no holdings in its annual accounts.
| Grall, Juliette (sole trader)
establishment since 10-07-2024 |
founded in 2024 1011.378.814 |
| ERGASTER
registered office since 08-08-2019 |
founded in 2019 0731.974.866 |
| GEMBAA via ERGASTER (no longer at GEMBAA) and Le Duc de Saint-Gilles (no longer at GEMBAA) · Director · deed of 16-12-2024 founded in 2024 · negative equity (2025) |
total assets €1,043 (2025) |
The network starts from the earlier ties.
Deadline for the 2026 accounts: 31-07-2027
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 |
|---|---|---|
| Denayerlaan 9 registered office 1190 Forest | 14-08-2019 | 2.292.155.431 |
| Denayerlaan ZN 1190 Forest | 01-10-2019 | 2.296.029.986 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21384D0289/00T003 | 228 m² | 1 · 68 m² | 16.5 m · 3 |
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