Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
The micro format states no turnover.
Of this, €133,119 falls due within a year.
New directors. Latest change 30-04-2026 · 5 in office.
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 7 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 3% of them on solvency, 41% on liquidity, 5% on profitability and 17% 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 low class on 30-06-2025, 0.8% 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, 562 companies had the same profile as Streamside has now. Each dot stands for 2 companies, two years later.
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Streamside itself is lower: 0.7% within 12 months. It rests on far more data about Streamside 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 562 companies, not a prediction for Streamside. 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 1.8 (2.11 in 2024), above the usual 1.5. Short-term debt is 22.4% and cash 12.7% of total assets. However, equity is negative.
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 5 accounts on average 58 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.
| Company | ||||
|---|---|---|---|---|
| Streamside Antwerp | €595,342 | €1,085 | -233.7% | - |
| Independer.be Antwerp | €742,867 | -€616,354 | 38.8% | 5 |
| SMART SOFTWARE DEVELOPMENT Grobbendonk | €681,907 | -€1,793 | 27.4% | - |
| Granstudio Belgium Kortrijk | €639,715 | -€105,470 | -42.4% | 2.7 |
| OVERWORKS Tournai | €557,409 | -€20,660 | 62.4% | - |
| GET YOUR WAY Awans | €624,463 | -€52,175 | -38.9% | - |
| Mindspeller BCI Herent | €680,685 | -€20,303 | 37.1% | - |
These companies have the same main activity as Streamside: computer programming (NACE 62100). They are comparable in size and age: total assets between €557,000 and €743,000, founded between 2019 and 2020.
Streamside files the micro format. That format states no turnover. The gross margin rose from -€493,784 in 2021 to €1,085 in 2025.
In February 2026, the Official Gazette published the appointment of Jan De Meester as managing director.
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 ≈ €5,900. Estimated: probably between €3,100 and €11,000.
Lower than 95% of 21,206 companies in 2025.
Higher than 39% of 20,569 companies in 2025.
Lower than 95% of 20,744 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
595,342 | 534,696 | 541,564 | 812,865 | 1.1m | |
20 |
429 | 1,277 | 2,500 | 3,723 | 4,945 | |
21/28 |
355,581 | 343,678 | 385,479 | 416,932 | 425,718 | |
21 |
355,581 | 343,678 | 385,271 | 416,381 | 424,822 | |
22/27 |
- | 0 | 207 | 552 | 896 | |
24 |
- | 0 | 207 | 552 | 896 | |
29/58 |
239,331 | 189,740 | 153,585 | 392,211 | 647,381 | |
40/41 |
161,953 | 123,197 | 118,579 | 256,644 | 45,831 | |
40 |
149,573 | 110,214 | 101,344 | 53,964 | 19,927 | |
41 |
12,380 | 12,983 | 17,235 | 202,680 | 25,905 | |
54/58 |
75,492 | 65,597 | 29,423 | 135,505 | 599,872 | |
490/1 |
1,886 | 945 | 5,583 | 62 | 1,677 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
595,342 | 534,696 | 541,564 | 812,865 | 1.1m | |
10/15 |
-1.4m | -983,812 | -723,516 | -457,810 | 81,587 | |
10/11 |
600,000 | 600,000 | 600,000 | 600,000 | 600,000 | |
10 |
379,928 | 379,928 | 379,928 | 379,928 | 379,928 | |
100 |
379,928 | 379,928 | 379,928 | 379,928 | 379,928 | |
11 |
220,072 | 220,072 | 220,072 | 220,072 | 220,072 | |
1100/10 |
220,072 | 220,072 | 220,072 | 220,072 | 220,072 | |
14 |
-2.0m | -1.6m | -1.3m | -1.1m | -518,413 | |
17/49 |
2.0m | 1.5m | 1.3m | 1.3m | 996,456 | |
17 |
1.5m | 1.4m | 1.1m | 1.1m | 850,000 | |
170/4 |
1.5m | 1.4m | 1.1m | 1.1m | 850,000 | |
42/48 |
133,119 | 90,111 | 118,598 | 89,677 | 142,939 | |
44 |
133,119 | 90,111 | 118,598 | 89,677 | 141,802 | |
440/4 |
133,119 | 90,111 | 118,598 | 89,677 | 141,802 | |
45 |
- | - | - | 0 | 1,055 | |
450/3 |
- | - | - | 0 | 1,055 | |
47/48 |
- | - | - | 0 | 81 | |
492/3 |
403,639 | 58,397 | 16,483 | 51,000 | 3,518 | |
| Income statement | ||||||
76A |
- | 0 | 51,000 | - | - | |
9900 |
1,085 | -115,190 | -147,037 | -397,658 | -493,784 | |
62 |
0 | 111 | 583 | 663 | 844 | |
630 |
127,984 | 119,697 | 105,307 | 89,424 | 15,770 | |
640/8 |
520 | 505 | 1,069 | 450 | 796 | |
66A |
3,550 | - | - | - | - | |
9901 |
-130,969 | -235,503 | -253,996 | -488,195 | -511,193 | |
75/76B |
83 | 157 | 32 | 5 | 8 | |
75 |
83 | 157 | 32 | 5 | 8 | |
65/66B |
276,718 | 24,950 | 11,742 | 51,208 | 7,227 | |
65 |
276,718 | 24,950 | 11,742 | 51,208 | 7,227 | |
9903 |
-407,603 | -260,297 | -265,705 | -539,398 | -518,413 | |
9904 |
-407,603 | -260,297 | -265,705 | -539,398 | -518,413 | |
9905 |
-407,603 | -260,297 | -265,705 | -539,398 | -518,413 | |
| Appropriation of the result | ||||||
9906 |
-2.0m | -1.6m | -1.3m | -1.1m | -518,413 | |
14P |
-1.6m | -1.3m | -1.1m | -518,413 | - | |
| Document | ||||||
The notes to these accounts have 8 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 28-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-05-2026 | 2026-00123883 | |
| 31-12-2024 | micro format | 20-06-2025 | 2025-00157911 | |
| 31-12-2023 | micro format | 31-05-2024 | 2024-00102823 | |
| 31-12-2022 | micro format | 25-05-2023 | 2023-00097168 | |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20045633 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €6,593 | €6,593 |
| 2024 | 1 | €9,000 | €9,000 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| -2,985 | -115,806 | -148,688 | -398,771 | -495,423 | ||
| -279,619 | -140,600 | -160,398 | -449,973 | -502,643 | ||
| 139,039 | 76,674 | 72,631 | 79,416 | 440,319 | ||
| 9,895 | 36,175 | -106,083 | -464,367 | - | ||
| 106,212 | 99,629 | 34,987 | 302,534 | 504,442 | ||
| -233.7% | -184.0% | -133.6% | -56.3% | 7.6% | ||
| 1.80 | 2.11 | 1.30 | 4.37 | 4.53 | ||
| - | - | - | - | 12.21 | ||
| - | - | - | - | -635.4% | ||
| -68.5% | -48.7% | -49.1% | -66.4% | -48.1% | ||
| -0.01 | -4.64 | -12.66 | -7.79 | -68.55 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €1,032 |
| Intangible fixed assets | €139,039 | €76,674 | €72,631 | €79,416 | €439,287 |
| €127,984 | €119,697 | €105,307 | €89,424 | €15,770 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €130,969, smaller than the loss of €235,503 in 2024.
Equity is negative. Debt (€2.0m) exceeds the balance-sheet total (€595,342).
Source: lists of holdings in the owners' accounts
Streamside has no parent and no holdings in its annual accounts.
| SB - SOFTWARE
registered office since 15-04-1999 · founded in 1999 |
total assets €393,641 (2025) 0465.714.816 |
| De Cuyper, Charlotte (sole trader)
establishment since 06-09-2024 |
founded in 2024 1013.238.937 |
| Van Goethem, Inge (sole trader)
establishment since 01-10-1992 |
founded in 1992 0812.454.677 |
| Intersumus via Jan De Meester, no longer at Intersumus · Permanent representative · deed of 26-09-2024 founded in 2021 · negative equity (2025) |
total assets €20,195 (2025) |
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
On 10 March 2020, Streamside was incorporated as a public limited company by Equinoxe Investments, SB-Software and three natural persons, with a starting capital of €125,000.12 The capital was increased 3 times between 2021 and 2026, most recently to €2.3m.345 Today the board has 5 members.6 Total assets went from €1.1m in 2021 to €595,342 in 2025.7
| Establishment | Since | Unit number |
|---|---|---|
| Verdussenstraat 29 registered office 2018 Antwerp | 10-03-2020 | 2.301.201.175 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11810K1538/00K004 | 232 m² | 1 · 95 m² | 21.5 m · 6 |
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