The Software Hive
ActiveThe Software Hive has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €100k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 22% of 17007 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency47▼-13
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.31 in 2024; short-term debt: 78.1% and cash: 47.6% of total assets), and 78.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
21.9%
Return on assets
44.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 17007 sector peers (2025).
NBB · sector comparisonPosition among 17007 sector peers
Solvency
better than 22%
← 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 29-06-2026, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
15 d early
2023
33 d early
2022
26 d early
2021
4 d late
2020
33 d early
2019
38 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▼ 52.8%
2024 · €104k
2018: €58k
2019: €114k
2020: €144k
2021: €172k
2022: €152k
2023: €152k
2024: €104k
2018 → 2025
Total assets
€224k▼ 25.5%
2024 · €300k
2018: €137k
2019: €154k
2020: €216k
2021: €276k
2022: €267k
2023: €276k
2024: €300k
2018 → 2025
Net result
€100k▲ 5.1%
2024 · €95k
2018: €50k
2019: €57k
2020: €32k
2021: €30k
2022: €27k
2023: €47k
2024: €95k
2018 → 2025
Working capital
€13k▼ 77.4%
2024 · €57k
2018: €46k
2019: €99k
2020: €157k
2021: €141k
2022: €94k
2023: €87k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€152k▼ 11.6%€152k=€104k▼ 31.8%€49k▼ 52.8%
Operating result€37k-€33k▼ 9.9%€59k▲ 79.1%€120k▲ 104%€127k▲ 5.9%
Net result€30k-€27k▼ 11.0%€47k▲ 73.2%€95k▲ 105%€100k▲ 5.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224k
Fixed assets
€36k▼ 39.6%
Current assets
€187k▼ 22.0%
Equity and liabilities €224k
Equity
€49k▼ 52.8%
Debt
€175k▼ 11.0%
The debt ratio rises from 65.4% to 78.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€157k▲
2024 · €152k
Cash flow
€130k▲
2024 · €127k
Solvency
21.9%▼
2024 · 34.6%
Current ratio
1.07▼
2024 · 1.31
Quick ratio
0.98▼
2024 · 1.31
Debt / equity
3.56▲
2024 · 1.89
ROE
204.2%▲
2024 · 91.6%
ROA
44.8%▲
2024 · 31.7%
Interest coverage
204.42▲
2024 · 173.78
Debt
€175k▼
2024 · €196k
Debt ≤ 1 year
€175k▼
2024 · €183k
Debt > 1 year
€0▼
2024 · €13k
Income taxes
€28k▲
2024 · €26k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€300k€224k▼
Fixed assets21/28€60k€36k▼
Intangible fixed assets21€28k€17k▼
Tangible fixed assets22/27€31k€18k▼
Furniture and vehicles24€31k€18k▼
Financial fixed assets28€235€235=
Current assets29/58€240k€187k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3-€16k
Contracts in progress37-€16k
Amounts receivable within one year40/41€54k€60k▲
Trade receivables40€14k€60k▲
Other amounts receivable41€40k€0▼
Cash at bank and in hand54/58€186k€106k▼
Deferred charges and accrued income490/1€515€5k▲
Equity and liabilities
Total equity and liabilities10/49€300k€224k▼
Equity10/15€104k€49k▼
Contributions10/11€19k€19k=
Reserves13€85k€30k▼
Distributable reserves133€85k€30k▼
Profit (loss) carried forward14€0€108▲
Amounts payable17/49€196k€175k▼
Amounts payable after more than one year17€13k€0▼
Financial debts170/4€13k€0▼
Amounts payable within one year42/48€183k€175k▼
Current portion of amounts payable after more than one year42€14k€13k▼
Financial debts43€91€18▼
Credit institutions430/8€91€18▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€24k€23k▼
Taxes450/3€24k€23k▼
Other amounts payable47/48€144k€134k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Other operating charges640/8€528€544▲
Gross operating margin9900€152k€158k▲
Operating profit (loss)9901€120k€127k▲
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€873€770▼
Recurring financial charges65€873€770▼
Profit (loss) for the period before taxes9903€122k€128k▲
Income taxes67/77€26k€28k▲
Profit (loss) for the period9904€95k€100k▲
Profit (loss) for the period to be appropriated9905€95k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€100k▲
Transfer from equity791/2€48k€55k▲
Profit to be distributed694/7€144k€155k▲
Return on contributions (dividend)694€144k€155k▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €100k ▲5.1%
Operating result €127k, net result €100k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €27k ▼11%
Net result drops to €27k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
31-12
Financial
Equity above €150kEq €172k ▲19.9%
4 profitable years in a row build equity to €172k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 6.96
Current ratio from 2.05 to 6.96; short-term debt falls from €44k to €17k.
31-12
Financial
Equity above €100kEq €114k ▲94.2%
2 profitable years in a row build equity to €114k.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2017
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.
Pol De Vischstraat 369050 GentGround area
88 m²
Building footprint
58 m²
Volume, LiDAR
429 m³
Parcel 44032A0281/00A003, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
The Software Hive
since 20172.267.434.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0281/00A003 | Flanders | 88 m² | 1 · 58 m² | 12.1 m · 3 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
appsilon
BE 0599.848.196
Lochristi · Eq €49k
MORBOS
BE 0697.859.768
Fleurus · Eq €49k
LAMBOTTE CONSULTING
BE 1003.299.704
Enghien · Eq €49k
NETITBE
BE 0887.447.456
La Hulpe · Eq €49k
SOW & CO
BE 0833.870.990
Watermaal-Bosvoorde · Eq €49k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,392. 15,332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
47400Retail sale of information and communication equipment
47410Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.