The Binary One
ActiveThe Binary One has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €276k and a net result of €18k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-6
Solvency70▼-27
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 2.49 in 2023; short-term debt: 24.7% and cash: 3.8% of total assets), and 55.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
140 d late
2023
87 d late
2022
91 d late
2021
120 d late
2020
121 d late
2019
76 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€276k▲ 7.2%
2023 · €257k
2018: €86k
2019: €119k
2020: €150k
2021: €194k
2022: €229k
2023: €257k
2018 → 2024
Total assets
€615k▲ 73.3%
2023 · €355k
2018: €129k
2019: €183k
2020: €223k
2021: €331k
2022: €342k
2023: €355k
2018 → 2024
Net result
€18k▼ 34.8%
2023 · €28k
2018: €28k
2019: €33k
2020: €31k
2021: €44k
2022: €35k
2023: €28k
2018 → 2024
Working capital
€-25k
2023 · €140k
2018: €87k
2019: €114k
2020: €140k
2021: €62k
2022: €99k
2023: €140k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€150k-€194k▲ 29.0%€229k▲ 18.1%€257k▲ 12.4%€276k▲ 7.2%
Operating result€47k-€63k▲ 33.6%€52k▼ 18.0%€45k▼ 13.2%€40k▼ 12.1%
Net result€31k-€44k▲ 41.2%€35k▼ 19.3%€28k▼ 19.2%€18k▼ 34.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 12% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €615k
Fixed assets
€489k▲ 303%
Current assets
€127k▼ 45.8%
Equity and liabilities €615k
Equity
€276k▲ 7.2%
Debt
€340k▲ 247%
The debt ratio rises from 27.6% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99k▲
2023 · €71k
Cash flow
€78k▲
2023 · €54k
Solvency
44.8%▼
2023 · 72.4%
Current ratio
0.84▼
2023 · 2.49
Quick ratio
0.65▼
2023 · 2.29
Debt / equity
1.23▲
2023 · 0.38
ROE
6.7%▼
2023 · 11.0%
ROA
3.0%▼
2023 · 8.0%
Interest coverage
7.14▼
2023 · 13.05
Debt
€340k▲
2023 · €98k
Debt ≤ 1 year
€152k▲
2023 · €94k
Debt > 1 year
€181k
Income taxes
€7k▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€355k€615k▲
Fixed assets21/28€121k€489k▲
Tangible fixed assets22/27€121k€489k▲
Land and buildings22€105k€173k▲
Plant, machinery and equipment23€12k€29k▲
Furniture and vehicles24€4k€4k▼
Other tangible fixed assets26-€282k
Current assets29/58€234k€127k▼
Stocks and contracts in progress3€19k€28k▲
Stocks30/36€19k€28k▲
Amounts receivable within one year40/41€71k€70k▼
Trade receivables40€44k€53k▲
Other amounts receivable41€26k€18k▼
Cash at bank and in hand54/58€136k€23k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€355k€615k▲
Equity10/15€257k€276k▲
Contributions10/11€12k€12k=
Reserves13€245k€263k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€243k€261k▲
Amounts payable17/49€98k€340k▲
Amounts payable after more than one year17-€181k
Financial debts170/4-€181k
Amounts payable within one year42/48€94k€152k▲
Current portion of amounts payable after more than one year42€6k€12k▲
Trade debts44€4k€27k▲
Suppliers440/4€4k€27k▲
Advances received on contracts in progress46€3k€2k▼
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€9k€12k▲
Other amounts payable47/48€73k€99k▲
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€59k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€72k€102k▲
Operating profit (loss)9901€45k€40k▼
Financial income75/76B€16€56▲
Recurring financial income75€16€56▲
Financial charges65/66B€5k€14k▲
Recurring financial charges65€5k€14k▲
Profit (loss) for the period before taxes9903€40k€26k▼
Income taxes67/77€11k€7k▼
Profit (loss) for the period9904€28k€18k▼
Profit (loss) for the period to be appropriated9905€28k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€18k▼
Transfer to equity691/2€28k€18k▼
To other reserves6921€28k€18k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 140 days late
2024
31-12
Financial
Weakest financial yearnet €18k ▼34.8%
Net result drops to €18k, the lowest in the series.
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 87 days late
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 91 days late
2022
31-12
Financial
Equity above €200kEq €229k ▲18.1%
5 profitable years in a row build equity to €229k.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 120 days late
2021
31-12
Financial
Highest result since 2018net €44k ▲41.2%
Operating result €63k, net result €44k, both a record.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 121 days late
2020
31-12
Financial
Equity above €150kEq €150k ▲25.8%
3 profitable years in a row build equity to €150k.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 76 days late
2019
31-12
Financial
Equity above €100kEq €119k ▲38.9%
2 profitable years in a row build equity to €119k.
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 117 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Herkenrodesingel 213500 HasseltGround area
6,496 m²
Building footprint
898 m²
Volume, LiDAR
37,131 m³
Parcel 71327G0655/00S000, Flanders · tallest building 50.5 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
The Binary One
since 20152.246.172.877
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0655/00S000 | Flanders | 6,496 m² | 1 · 898 m² | 50.5 m · 14 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
in2M
BE 0765.526.671
Pont-à-Celles · Eq €275k
PORTAEL INFORMATION TECHNOLOGY
BE 0479.642.729
Zemst · Eq €276k
DCODE
BE 0797.536.077
Lede · Eq €276k
LaitRusse
BE 0467.281.761
Lochristi · Eq €275k
C.C.B.-supervising
BE 0546.822.652
Genk · Eq €275k
Of 16,887 companies in sector 62100 we hold annual accounts for 8,777. 6,272 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-09-2015
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
47400Retail sale of information and communication equipment
47410Retail trade
62020IT consultancy
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.