TECH RADAR
ActiveSummary
TECH RADAR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €100k and a net result of €11k. Equity is growing by ~34.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▼-24
Solvency81▲+5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 2.26 in 2023; short-term debt: 35% and cash: 13% of total assets), and 44.2% of the assets are financed with debt.
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Signals
Five 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.8%
Return on assets
6.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
85 d late
2022
74 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€100k▲ 12.5%
2023 · €89k
Total assets
€179k▲ 3.2%
2023 · €173k
Net result
€11k▼ 77.9%
2023 · €50k
Working capital
€100k▲ 23.7%
2023 · €81k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202220232024
Operating result€48k-€64k▲ 31.8%€14k▼ 78.5%
Net result€37k-€50k▲ 35.0%€11k▼ 77.9%
Equity€39k-€89k▲ 130%€100k▲ 12.5%
Total assets€90k-€173k▲ 92.1%€179k▲ 3.2%
Debt€52k-€85k▲ 63.9%€79k▼ 6.5%
Working capital€27k-€81k▲ 198%€100k▲ 23.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 79% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179k
Fixed assets
€16k ▼ 43.2%
Current assets
€163k ▲ 12.4%
Equity and liabilities €179k
Equity
€100k ▲ 12.5%
Debt
€79k ▼ 6.5%
Debt's share of the balance-sheet total falls from 48.8% to 44.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▼
2023 · €74k
Cash flow
€19k▼
2023 · €61k
Current ratio
2.59▲
2023 · 2.26
Debt to equity
0.79▼
2023 · 0.95
ROE
11.1%▼
2023 · 56.5%
ROA
6.2%▼
2023 · 28.9%
Interest coverage
8.75▼
2023 · 182.71
Debt ≤ 1 year
€63k▼
2023 · €64k
Debt > 1 year
€16k▼
2023 · €21k
Income taxes
€5k▼
2023 · €15k
Staff costs
€56k▲
2023 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €49k | €56k | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €11k | €8k | ▼ 27.3% |
| Other operating charges640/8 | €1k | €1k | €9k | ▲ 581% |
| Gross operating margin9900 | €57k | €125k | €87k | ▼ 30.7% |
| Operating profit (loss)9901 | €48k | €64k | €14k | ▼ 78.5% |
| Financial income75/76B | - | €2k | €5k | ▲ 121% |
| Recurring financial income75 | - | €2k | €5k | ▲ 121% |
| Financial charges65/66B | €212 | €407 | €2k | ▲ 504% |
| Recurring financial charges65 | €212 | €407 | €2k | ▲ 504% |
| Profit (loss) for the period before taxes9903 | €48k | €65k | €16k | ▼ 75.2% |
| Income taxes67/77 | €11k | €15k | €5k | ▼ 66.2% |
| Profit (loss) for the period9904 | €37k | €50k | €11k | ▼ 77.9% |
| Profit (loss) for the period to be appropriated9905 | €37k | €50k | €11k | ▼ 77.9% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €90k | €173k | €179k | ▲ 3.2% |
| Fixed assets21/28 | €39k | €29k | €16k | ▼ 43.2% |
| Tangible fixed assets22/27 | €39k | €29k | €16k | ▼ 43.2% |
| Furniture and vehicles24 | €39k | €29k | €16k | ▼ 43.2% |
| Current assets29/58 | €51k | €145k | €163k | ▲ 12.4% |
| Amounts receivable within one year40/41 | €18k | €59k | €139k | ▲ 134% |
| Trade receivables40 | €14k | €15k | €36k | ▲ 137% |
| Other amounts receivable41 | €4k | €44k | €103k | ▲ 134% |
| Cash at bank and in hand54/58 | €32k | €85k | €23k | ▼ 72.6% |
| Deferred charges and accrued income490/1 | €369 | - | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €90k | €173k | €179k | ▲ 3.2% |
| Equity10/15 | €39k | €89k | €100k | ▲ 12.5% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €37k | €87k | €98k | ▲ 12.7% |
| Amounts payable17/49 | €52k | €85k | €79k | ▼ 6.5% |
| Amounts payable after more than one year17 | €28k | €21k | €16k | ▼ 20.6% |
| Financial debts170/4 | €28k | €21k | €16k | ▼ 20.6% |
| Amounts payable within one year42/48 | €24k | €64k | €63k | ▼ 2.0% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €4k | ▼ 15.4% |
| Trade debts44 | €3k | €9k | €12k | ▲ 43.5% |
| Suppliers440/4 | €3k | €9k | €12k | ▲ 43.5% |
| Taxes, remuneration and social security45 | €16k | €50k | €43k | ▼ 14.6% |
| Taxes450/3 | €16k | €40k | €36k | ▼ 11.8% |
| Remuneration and social security454/9 | - | €10k | €7k | ▼ 25.9% |
| Other amounts payable47/48 | - | - | €3k | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €50k | €11k | ▼ 77.9% |
| + Depreciation and write-downs630 | €8k | €11k | €8k | ▼ 27.3% |
| Operating cash flow (approximation) | €45k | €61k | €19k | ▼ 69.0% |
| Investment in fixed assets (approximation) | - | €0 | €5k | - |
| Change in cash | - | €53k | €-62k | ▼ 217% |
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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
31-12
Financial
Weakest financial yearnet €11k ▼77.9%
Net result drops to €11k, the lowest in the series.
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
31-12
Financial
Highest result since 2022net €50k ▲35%
Operating result €64k, net result €50k, both a record.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Evere · 1 establishment unit since 2021
Ground area
4,383 m²
Building footprint
1,855 m²
Volume, LiDAR
35,559 m³
2 parcels, Brussels · tallest building 27.4 m, ±8 floors. Linked by address, not a title deed.
19
companies at this address
See who is registered here
1 establishment unit
TECH RADAR
since 20212.327.698.409
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0318/00W000 | Brussels | 2,809 m² | 1 · 1,094 m² | 19.2 m · 5 fl. |
| 21372C0002/00B000 | Brussels | 1,574 m² | 1 · 761 m² | 27.4 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900Y0NV3U7NI69B31
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,572 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
Founded06-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
46500Wholesale of information and communication equipment
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.