SUPPLY VALUE
ActiveSummary
SUPPLY VALUE has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,804 and a net result of €21,556. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 60% of 17239 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-3
Solvency94▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.72 against 2.24 in 2024; short-term debt: 31.1% and cash: 39.6% of total assets), and 31.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.9%
Return on assets
16.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €89,804
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
55 d late
2024
26 d late
2023
383 d late
2022
28 d late
2021
29 d late
2020
30 d late
2019
90 d late
← 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 92 days after 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 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€89,804▲ 31.6%
2024 · €68,248
Total assets
€130,374▲ 27.7%
2024 · €102,101
Net result
€21,556▲ 15.0%
2024 · €18,739
Working capital
€69,770▲ 66.1%
2024 · €42,015
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,884▲ 76.4%€76,010€38,099▼ 49.9%€20,156▼ 47.1%€29,096▲ 44.4%
Net result-€30,050below the sector's middle half▲ 73.4%€74,217above the sector's middle half€26,414within the sector's middle half▼ 64.4%€18,739within the sector's middle half▼ 29.1%€21,556within the sector's middle half▲ 15.0%
Equity-€6,388below the sector's middle half€67,829within the sector's middle half€49,942within the sector's middle half▼ 26.4%€68,248within the sector's middle half▲ 36.7%€89,804within the sector's middle half▲ 31.6%
Total assets€27,389below the sector's middle half▼ 65.5%€88,574within the sector's middle half▲ 223%€113,460within the sector's middle half▲ 28.1%€102,101within the sector's middle half▼ 10.0%€130,374within the sector's middle half▲ 27.7%
Debt€33,777▼ 39.5%€20,744▼ 38.6%€63,518▲ 206%€33,852▼ 46.7%€40,570▲ 19.8%
Working capital-€11,497below the sector's middle half€61,944within the sector's middle half€15,048within the sector's middle half▼ 75.7%€42,015within the sector's middle half▲ 179%€69,770within the sector's middle half▲ 66.1%
Solvency-23.3%below the sector's middle half▼ 53.1pp76.6%within the sector's middle half▲ 99.9pp44.0%within the sector's middle half▼ 32.6pp66.8%within the sector's middle half▲ 22.8pp68.9%within the sector's middle half▲ 2.0pp
Current ratio0.66below the sector's middle half▼ 0.503.99within the sector's middle half▲ 3.331.24below the sector's middle half▼ 2.752.24within the sector's middle half▲ 1.002.72within the sector's middle half▲ 0.48
Return on assets (ROA)-109.7%below the sector's middle half▲ 32.2pp83.8%above the sector's middle half▲ 193.5pp23.3%within the sector's middle half▼ 60.5pp18.4%within the sector's middle half▼ 4.9pp16.5%within the sector's middle half▼ 1.8pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130,374
Fixed assets
€20,034 ▼ 23.6%
Current assets
€110,340 ▲ 45.4%
Equity and liabilities €130,374
Equity
€89,804 ▲ 31.6%
Debt
€40,570 ▲ 19.8%
Debt's share of the balance-sheet total falls from 33.2% to 31.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,758▲
2024 · €28,828
Cash flow
€29,219▲
2024 · €27,411
Debt to equity
0.45▼
2024 · 0.50
ROE
24.0%▼
2024 · 27.5%
Interest coverage
510.82▲
2024 · 274.42
Debt ≤ 1 year
€40,570▲
2024 · €33,852
Income taxes
€7,911▲
2024 · €1,934
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €35,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,296 | €3,355 | €5,347 | €8,672 | €7,663 | ▼ 11.6% |
| Other operating charges640/8 | €3,753 | €3,942 | €3,389 | €1,831 | €8,068 | ▲ 341% |
| Gross operating margin9900 | €5,165 | €83,307 | €46,835 | €30,659 | €44,826 | ▲ 46.2% |
| Operating profit (loss)9901 | -€25,884 | €76,010 | €38,099 | €20,156 | €29,096 | ▲ 44.4% |
| Financial income75/76B | - | €467 | - | €622 | €443 | ▼ 28.8% |
| Recurring financial income75 | - | €467 | - | €622 | €443 | ▼ 28.8% |
| Financial charges65/66B | €1,581 | €367 | €650 | €105 | €72 | ▼ 31.5% |
| Recurring financial charges65 | €1,581 | €367 | €650 | €105 | €72 | ▼ 31.5% |
| Profit (loss) for the period before taxes9903 | -€27,466 | €76,110 | €37,450 | €20,673 | €29,467 | ▲ 42.5% |
| Income taxes67/77 | €2,584 | €1,893 | €11,035 | €1,934 | €7,911 | ▲ 309% |
| Profit (loss) for the period9904 | -€30,050 | €74,217 | €26,414 | €18,739 | €21,556 | ▲ 15.0% |
| Transfer from tax-exempt reserves789 | €13,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€17,050 | €74,217 | €26,414 | €18,739 | €21,556 | ▲ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,389 | €88,574 | €113,460 | €102,101 | €130,374 | ▲ 27.7% |
| Fixed assets21/28 | €5,109 | €5,885 | €34,905 | €26,233 | €20,034 | ▼ 23.6% |
| Tangible fixed assets22/27 | €5,109 | €5,885 | €34,905 | €26,233 | €20,034 | ▼ 23.6% |
| Land and buildings22 | €1,058 | €1,030 | €1,002 | €974 | €946 | ▼ 2.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,228 | - |
| Furniture and vehicles24 | €1,970 | €4,855 | €33,903 | €25,259 | €17,860 | ▼ 29.3% |
| Other tangible fixed assets26 | €2,081 | - | - | - | - | - |
| Current assets29/58 | €22,280 | €82,688 | €78,554 | €75,867 | €110,340 | ▲ 45.4% |
| Amounts receivable after more than one year29 | - | €25,000 | €25,000 | €11,009 | €3,720 | ▼ 66.2% |
| Other amounts receivable291 | - | €25,000 | €25,000 | €11,009 | €3,720 | ▼ 66.2% |
| Amounts receivable within one year40/41 | €252 | €26,185 | €29,323 | €47,566 | €53,354 | ▲ 12.2% |
| Trade receivables40 | - | €18,422 | €21,561 | €40,474 | €45,905 | ▲ 13.4% |
| Other amounts receivable41 | €252 | €7,763 | €7,763 | €7,091 | €7,449 | ▲ 5.0% |
| Cash at bank and in hand54/58 | €20,797 | €30,184 | €21,876 | €14,981 | €51,676 | ▲ 245% |
| Deferred charges and accrued income490/1 | €1,231 | €1,320 | €2,356 | €2,312 | €1,590 | ▼ 31.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,389 | €88,574 | €113,460 | €102,101 | €130,374 | ▲ 27.7% |
| Equity10/15 | -€6,388 | €67,829 | €49,942 | €68,248 | €89,804 | ▲ 31.6% |
| Contributions10/11 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €34,267 | €49,229 | €49,942 | €68,248 | €89,804 | ▲ 31.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €32,407 | €47,369 | €49,942 | €68,248 | €89,804 | ▲ 31.6% |
| Profit (loss) carried forward14 | -€59,255 | - | - | - | - | - |
| Amounts payable17/49 | €33,777 | €20,744 | €63,518 | €33,852 | €40,570 | ▲ 19.8% |
| Amounts payable within one year42/48 | €33,777 | €20,744 | €63,506 | €33,852 | €40,570 | ▲ 19.8% |
| Current portion of amounts payable after more than one year42 | €15,377 | - | - | - | - | - |
| Trade debts44 | €6,553 | €5,839 | €5,653 | €5,360 | €4,724 | ▼ 11.9% |
| Suppliers440/4 | €6,553 | €5,839 | €5,653 | €5,360 | €4,724 | ▼ 11.9% |
| Taxes, remuneration and social security45 | €11,846 | €14,053 | €23,393 | €12,277 | €21,796 | ▲ 77.5% |
| Taxes450/3 | €11,846 | €14,053 | €22,401 | €12,277 | €21,796 | ▲ 77.5% |
| Remuneration and social security454/9 | - | - | €992 | - | - | - |
| Other amounts payable47/48 | - | €853 | €34,460 | €16,216 | €14,050 | ▼ 13.4% |
| Accrued charges and deferred income492/3 | - | - | €12 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,050 | €74,217 | €26,414 | €18,739 | €21,556 | ▲ 15.0% |
| + Depreciation and write-downs630 | €27,296 | €3,355 | €5,347 | €8,672 | €7,663 | ▼ 11.6% |
| Operating cash flow (approximation) | -€2,754 | €77,572 | €31,761 | €27,411 | €29,219 | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€4,132 | -€34,367 | €0 | -€1,464 | - |
| Change in cash | - | €9,387 | -€8,308 | -€6,895 | €36,695 | ▲ 632% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
18-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 383 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Back to profitnet €74,217
Net result €74,217 after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 3.99
Current ratio from 0.66 to 3.99; short-term debt falls from €33,777 to €20,744.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
12-08
State Gazette act
Board meeting · Director resignation
Director appointment · Power of attorney
2020
31-12
Financial
Weakest financial yearnet -€112,834
Net result drops to -€112,834, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
10-09
State Gazette act
Board meeting · Management committee meeting
Director appointment · Power of attorney
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2004
Ground area
1,314 m²
Building footprint
146 m²
Volume, LiDAR
841 m³
Parcel 25764O0180/00S006, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SUPPLY VALUE
since 20042.138.674.608
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764O0180/00S006 | Wallonia | 1,314 m² | 1 · 146 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,996 companies in sector 62200 we hold annual accounts for 18,397. 15,580 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866214849
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.