Financials
- Fiscal year
- 2025
- Total assets
- €106,932
- Profit
- €29,661
- Solvency
- 17.3%
Turnover▲ 8.8%
Net result
20192024
Submerge
ActiveSummary
Submerge has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,550 and a net result of €29,661. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 18866 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Computer programming
NACE 62100NACE 62010
1 site
Size
€106,932total assets 2025
- Equity
- €18,550
- Profit
- €29,661
Turnover not published (abridged schema)
Structure
Accounts 150 d early0 of 2 deeds read
Why 93- Equity €18,550 (17.3% of total assets)+ Sector Computer programming, consultancy and related activities (NACE 62)+ Liquidity: current ratio 1.19, cash €88,431+ Size: total assets €106,932Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 45% of its sector peers (NACE 62, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
42-3
equity 17.3% of total assets
Liquidity
55-1
short-term debt 82.7% · cash 82.7%
Profitability
100+2
return on assets 27.7%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 8 months
03-2026: 0.1%highest value
04-2026: < 0.1%▼ -43.6% vs 03-2026lowest value
05-2026: < 0.1%● 0.0% vs 04-2026lowest value
06-2026: < 0.1%● 0.0% vs 05-2026lowest value
07-2026: < 0.1%● 0.0% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Sector Computer programming, consultancy and related activities (NACE 62) lowers the probability
- Liquidity: current ratio 1.19, cash €88,431 lowers the probability
- Size: total assets €106,932 lowers the probability for this profile
- Equity €18,550 (17.3% of total assets) raises the probability
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.21 in 2024; short-term debt: 82.7% and cash: 82.7% of total assets), and 82.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 62, micro). Better than this share of them on solvency 20%, liquidity 36%, profitability 83%, growth against the median 41%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 18866 sector peers (2025).
NBB · sector comparisonPosition among 18866 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-03-2026, 150 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
150 d early
2024
14 d early
2023
86 d early
2022
32 d early
2021
59 d early
2020
66 d early
2019
59 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 2 June (4 of the last 5 filed years within 45 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 9
- Since
- 2020
- Next accounts
- by 31-07-2027
- 03-03-2026Annual accounts filed
- 17-07-2025Annual accounts filed
- 06-05-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Computer programmingNACE 62100
- Founded
- 12-12-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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