Think IT
ActiveSummary
Think IT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,274 and a net result of -€11,721. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 44% of 17213 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▼-28
Solvency78▼-22
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.02 against 3.89 in 2024; short-term debt: 18.2% and cash: 47% of total assets), and 47.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 2025Solvency, return and age of the figures
Solvency
52.9%
Return on assets
-8.2%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
3 d early
2023
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 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 27 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€75,274▼ 13.5%
2024 · €86,995
Total assets
€142,400▲ 25.3%
2024 · €113,639
Net result
-€11,721
2024 · €15,456
Working capital
€104,318▲ 35.6%
2024 · €76,944
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€101,553-€26,426▼ 74.0%€1,665▼ 93.7%
Net result€69,039above the sector's middle half-€15,456within the sector's middle half▼ 77.6%-€11,721below the sector's middle half
Equity€71,539within the sector's middle half-€86,995within the sector's middle half▲ 21.6%€75,274within the sector's middle half▼ 13.5%
Total assets€122,498within the sector's middle half-€113,639within the sector's middle half▼ 7.2%€142,400within the sector's middle half▲ 25.3%
Debt€50,959-€26,644▼ 47.7%€25,926▼ 2.7%
Working capital€62,365within the sector's middle half-€76,944within the sector's middle half▲ 23.4%€104,318within the sector's middle half▲ 35.6%
Solvency58.4%within the sector's middle half-76.6%within the sector's middle half▲ 18.2pp52.9%within the sector's middle half▼ 23.7pp
Current ratio2.23within the sector's middle half-3.89within the sector's middle half▲ 1.665.02within the sector's middle half▲ 1.14
Return on assets (ROA)56.4%above the sector's middle half-13.6%within the sector's middle half▼ 42.8pp-8.2%below the sector's middle half▼ 21.8pp
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 has fallen two years in a row; 2025 is 94% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,400
Fixed assets
€12,157 ▲ 20.9%
Current assets
€130,244 ▲ 25.7%
Equity and liabilities €142,400
Equity
€75,274 ▼ 13.5%
Provisions
€41,200
Debt
€25,926 ▼ 2.7%
Debt's share of the balance-sheet total falls from 23.4% to 18.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,695▼
2024 · €31,455
Cash flow
-€7,690▼
2024 · €20,484
Debt to equity
0.34▲
2024 · 0.31
ROE
-15.6%▼
2024 · 17.8%
Interest coverage
42.91▼
2024 · 165.94
Debt ≤ 1 year
€25,926▼
2024 · €26,644
Income taxes
€13,360▲
2024 · €10,781
Staff costs
€250=
2024 · €250
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,148 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | €28,108 | €7,718 | ▼ 72.5% |
| Remuneration, social security and pensions62 | €250 | €250 | €250 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,440 | €5,028 | €4,031 | ▼ 19.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €41,200 | - |
| Other operating charges640/8 | €991 | €870 | €598 | ▼ 31.2% |
| Non-recurring operating charges66A | - | - | €2,774 | - |
| Gross operating margin9900 | €106,234 | €32,575 | €50,518 | ▲ 55.1% |
| Operating profit (loss)9901 | €101,553 | €26,426 | €1,665 | ▼ 93.7% |
| Financial income75/76B | €24 | €0 | €107 | ▲ 535,250% |
| Recurring financial income75 | €24 | €0 | €107 | ▲ 535,250% |
| Financial charges65/66B | €211 | €190 | €133 | ▼ 30.0% |
| Recurring financial charges65 | €211 | €190 | €133 | ▼ 30.0% |
| Profit (loss) for the period before taxes9903 | €101,366 | €26,237 | €1,639 | ▼ 93.8% |
| Income taxes67/77 | €32,327 | €10,781 | €13,360 | ▲ 23.9% |
| Profit (loss) for the period9904 | €69,039 | €15,456 | -€11,721 | ▼ 176% |
| Profit (loss) for the period to be appropriated9905 | €69,039 | €15,456 | -€11,721 | ▼ 176% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €122,498 | €113,639 | €142,400 | ▲ 25.3% |
| Fixed assets21/28 | €9,389 | €10,051 | €12,157 | ▲ 20.9% |
| Tangible fixed assets22/27 | €9,389 | €10,051 | €12,157 | ▲ 20.9% |
| Furniture and vehicles24 | €9,389 | €10,051 | €12,157 | ▲ 20.9% |
| Current assets29/58 | €113,109 | €103,588 | €130,244 | ▲ 25.7% |
| Amounts receivable within one year40/41 | €11,030 | €22,286 | €53,239 | ▲ 139% |
| Trade receivables40 | €11,030 | €17,099 | €27,615 | ▲ 61.5% |
| Other amounts receivable41 | - | €5,187 | €25,624 | ▲ 394% |
| Cash at bank and in hand54/58 | €72,560 | €57,948 | €66,878 | ▲ 15.4% |
| Deferred charges and accrued income490/1 | €29,519 | €23,354 | €10,127 | ▼ 56.6% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €122,498 | €113,639 | €142,400 | ▲ 25.3% |
| Equity10/15 | €71,539 | €86,995 | €75,274 | ▼ 13.5% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €69,000 | €84,495 | €72,774 | ▼ 13.9% |
| Distributable reserves133 | €69,000 | €84,495 | €72,774 | ▼ 13.9% |
| Profit (loss) carried forward14 | €39 | €0 | - | - |
| Provisions and deferred taxes16 | - | - | €41,200 | - |
| Provisions for liabilities and charges160/5 | - | - | €41,200 | - |
| Other liabilities and charges164/5 | - | - | €41,200 | - |
| Amounts payable17/49 | €50,959 | €26,644 | €25,926 | ▼ 2.7% |
| Amounts payable within one year42/48 | €50,744 | €26,644 | €25,926 | ▼ 2.7% |
| Trade debts44 | €34,985 | €7,884 | €10,041 | ▲ 27.3% |
| Suppliers440/4 | €34,985 | €7,884 | €10,041 | ▲ 27.3% |
| Taxes, remuneration and social security45 | €15,215 | €18,760 | €15,886 | ▼ 15.3% |
| Taxes450/3 | €11,965 | €15,760 | €15,476 | ▼ 1.8% |
| Remuneration and social security454/9 | €3,250 | €3,000 | €410 | ▼ 86.3% |
| Other amounts payable47/48 | €544 | €0 | - | - |
| Accrued charges and deferred income492/3 | €215 | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,039 | €15,456 | -€11,721 | ▼ 176% |
| + Depreciation and write-downs630 | €3,440 | €5,028 | €4,031 | ▼ 19.8% |
| Operating cash flow (approximation) | €72,479 | €20,484 | -€7,690 | ▼ 138% |
| Investment in fixed assets (approximation) | - | -€5,690 | -€6,136 | ▼ 7.8% |
| Change in cash | - | -€14,612 | €8,931 | ▲ 161% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€11,721
Net result drops to -€11,721, the lowest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Waregem · 1 establishment unit since 2022
Ground area
629 m²
Building footprint
174 m²
Volume, LiDAR
810 m³
Parcel 34453F0289/00L000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Think IT
since 20222.338.056.722
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0289/00L000 | Flanders | 629 m² | 1 · 174 m² | 6.4 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 4,586 EUR awarded · 4,586 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,586 EUR | 4,586 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
98450072HF4A76004E76
Similar companies · same sector, comparable size
DIGITAL13
BE 0542.893.459
Vorst · Eq €75,262
BARA & CO
BE 0454.893.079
Ukkel · Eq €75,315
PROPHESEA
BE 0745.817.657
Brugge · Eq €75,316
VOCABASE
BE 0475.517.160
Tubize · Eq €75,335
INITIUM DIGITAL
BE 0719.901.237
Hasselt · Eq €75,207
Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 6,952 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
Founded16-11-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
58290Other software publishing
63920Other information service activities
78200Temporary employment agencies and other provision of personnel
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0793629254
Also
9925:BE0793629254
Registered
17-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.