Overdue debts
The annual accounts state €169,541 of overdue social security (RSZ) debts on 31-12-2025.
The annual accounts state €169,541 of overdue social security (RSZ) debts on 31-12-2025.
Platform Science paid out €30.0m in dividends. That is 568% of the 2025 profit.
Debts rose by €9.1m in 2025.
Green is investment, beige is depreciation.
Platform Science pays its suppliers 78 days later than in 2024. Customers pay 26 days earlier.
Latest accounts filed late: after the legal deadline.
The dashed line is the sector median: 0.8% across 18 companies (NACE 61, medium-sized).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 73% of them on solvency, 41% on liquidity, 68% on profitability and 27% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,579 companies had the same profile as Platform Science has now. Each dot stands for 4 companies, two years later.
That fits the bankruptcy probability of Platform Science itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,579 companies, not a prediction for Platform Science. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.19 (5.03 in 2024), above the usual 1.5. Short-term debt is 39.9% and cash 6.4% of total assets. 42.5% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 76 days after the deadline. In the sector (NACE 61), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Shares in 4 companies, including Punch Telematix France sas and Punch Telematix Nederland BV
Board & ownership| Company | ||||
|---|---|---|---|---|
| Platform Science Ypres | €50.1m | 7.2% | 57.5% | 107.6 |
| ORANGE BUSINESS BELGIUM Evere | €67.0m | 2.6% | 20.5% | 134.1 |
| Simac Leuven | €69.7m | 2.0% | 26.1% | 167.2 |
| Colt Technology Services Machelen (Brab.) | €73.3m | 2.8% | 30.1% | 67.7 |
| CEGELEC INFRA TECHNICS Charleroi | €75.1m | 5.6% | 15.7% | 260.7 |
| STEFANINI Zaventem | €41.3m | 6.7% | 26.4% | 130 |
| WEngage International Machelen (Brab.) | €51.8m | 0.0% | 24.7% | 65.8 |
Grey: the largest companies of the sector (telecommunications (NACE 61)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Platform Science: wired, wireless and satellite telecommunications (NACE 61100). They are comparable in size and age: total assets between €17m and €83m, founded between 1990 and 2006.
Platform Science has existed since 1998. Turnover grew from €10.1m in 2006 to €50.1m in 2025 and staff from 23.2 to 107.6 full-time equivalents.
Solvency fell in 2025 from 81.4% to 57.5% because of the dividend and higher debts to suppliers.
In November 2023, the Official Gazette published the appointment of ASTURION as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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