True Dev
ActiveSummary
True Dev has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,376 and a net result of €83,145. Equity is growing by about 4.7% per year across the filed financial years. Its solvency ranks better than 18% of 21,080 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €27,376
- Profit
- €83,145
Why 92raises riskEquity €27,376 (16.1% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.17, cash €154,064, halvedSize: total assets €170,502Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 62, micro): better than 20% on solvency, 35% on liquidity, 82% on profitability and 15% on growth.
The bankruptcy probability was computed on 27-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 41 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €83,145 ▲9.6%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €437 | €437 | €437 | €59 | - | €358 | €1,307 | €1,469 | ▲ 12.3% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €434 | €418 | €400 | ▼ 4.4% |
| Gross operating margin9900 | €96,515 | €52,731 | €59,806 | €64,585 | €57,946 | €25,594 | €99,072 | €107,559 | ▲ 8.6% |
| Operating profit (loss)9901 | €95,731 | €51,947 | €59,022 | €64,178 | €57,598 | €24,801 | €97,347 | €105,691 | ▲ 8.6% |
| Financial income75/76B | - | - | - | - | €0 | - | - | - | - |
| Recurring financial income75 | - | - | €661 | - | €0 | - | - | - | - |
| Financial charges65/66B | - | - | - | €303 | €401 | €1,637 | €2,293 | €1,048 | ▼ 54.3% |
| Recurring financial charges65 | €993 | €853 | €196 | €303 | €401 | €1,637 | €2,293 | €1,048 | ▼ 54.3% |
| Profit (loss) for the period before taxes9903 | €94,738 | €51,095 | €59,487 | €63,875 | €57,198 | €23,164 | €95,054 | €104,642 | ▲ 10.1% |
| Income taxes67/77 | €19,413 | €10,554 | €12,078 | €13,018 | €11,649 | €4,690 | €19,160 | €21,498 | ▲ 12.2% |
| Profit (loss) for the period9904 | €75,325 | €40,541 | €47,408 | €50,857 | €45,549 | €18,474 | €75,893 | €83,145 | ▲ 9.6% |
| Profit (loss) for the period to be appropriated9905 | €75,325 | €40,541 | €47,408 | €50,857 | €45,549 | €18,474 | €75,893 | €83,145 | ▲ 9.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €178,081 | €172,992 | €239,545 | €280,298 | €275,573 | €325,994 | €383,049 | €170,502 | ▼ 55.5% |
| Fixed assets21/28 | €932 | €496 | €59 | - | - | €3,866 | €3,143 | €2,733 | ▼ 13.0% |
| Tangible fixed assets22/27 | €932 | €496 | €59 | - | - | €3,866 | €3,143 | €2,733 | ▼ 13.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,638 | €2,205 | €2,085 | ▼ 5.4% |
| Furniture and vehicles24 | - | - | - | - | - | €1,227 | €938 | €648 | ▼ 30.9% |
| Current assets29/58 | €177,149 | €172,496 | €239,486 | €280,298 | €275,573 | €322,128 | €379,907 | €167,769 | ▼ 55.8% |
| Amounts receivable within one year40/41 | €39,500 | €38,107 | €7,500 | €9,010 | €9,787 | €6,811 | €15,885 | €13,044 | ▼ 17.9% |
| Trade receivables40 | - | - | - | €9,010 | €9,787 | - | €9,075 | €13,044 | ▲ 43.7% |
| Other amounts receivable41 | - | - | - | - | - | €6,811 | €6,810 | - | - |
| Cash at bank and in hand54/58 | €137,158 | €133,944 | €230,802 | €270,097 | €265,005 | €314,174 | €362,728 | €154,064 | ▼ 57.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,191 | €781 | €1,143 | €1,294 | €661 | ▼ 49.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €178,081 | €172,992 | €239,545 | €280,298 | €275,573 | €325,994 | €383,049 | €170,502 | ▼ 55.5% |
| Equity10/15 | €115,632 | €156,173 | €203,581 | €201,815 | €247,364 | €265,838 | €54,231 | €27,376 | ▼ 49.5% |
| Contributions10/11 | €12,400 | €12,400 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Contributions outside capital11 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | - | - | - | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €101,372 | €141,913 | €189,321 | €181,355 | €226,904 | €245,378 | €33,771 | €6,916 | ▼ 79.5% |
| Amounts payable17/49 | €62,449 | €16,819 | €35,964 | €78,483 | €28,209 | €60,156 | €328,818 | €143,126 | ▼ 56.5% |
| Amounts payable within one year42/48 | €62,446 | €16,819 | €35,964 | €78,483 | €28,209 | €60,156 | €328,818 | €143,126 | ▼ 56.5% |
| Trade debts44 | €243 | €276 | €36 | €36 | - | €250 | €300 | €250 | ▼ 16.7% |
| Suppliers440/4 | - | - | - | €36 | - | €250 | €300 | €250 | ▼ 16.7% |
| Taxes, remuneration and social security45 | - | - | - | €20,943 | €17,709 | €14,887 | €71,702 | €32,688 | ▼ 54.4% |
| Taxes450/3 | - | - | - | €20,943 | €10,209 | €7,387 | €56,702 | €32,688 | ▼ 42.4% |
| Remuneration and social security454/9 | - | - | - | - | €7,500 | €7,500 | €15,000 | - | - |
| Other amounts payable47/48 | - | - | - | €57,504 | €10,500 | €45,020 | €256,817 | €110,188 | ▼ 57.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €75,325 | €40,541 | €47,408 | €50,857 | €45,549 | €18,474 | €75,893 | €83,145 | ▲ 9.6% |
| + Depreciation and write-downs630 | €437 | €437 | €437 | €59 | - | €358 | €1,307 | €1,469 | ▲ 12.3% |
| Operating cash flow (approximation) | €75,762 | €40,977 | €47,845 | €50,916 | €45,549 | €18,832 | €77,200 | €84,613 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | -€584 | -€1,059 | ▼ 81.3% |
| Change in cash | - | -€3,214 | €96,858 | €39,295 | -€5,093 | €49,169 | €48,554 | -€208,664 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-03-2026 | 2026-00066252 |
| 31-12-2024 | micro format | 02-07-2025 | 2025-00217146 |
| 31-12-2023 | micro format | 28-07-2024 | 2024-00293417 |
| 31-12-2022 | micro format | 01-07-2023 | 2023-00208055 |
| 31-12-2021 | micro format | 02-07-2022 | 2022-20122087 |
| 31-12-2020 | micro format | 01-07-2021 | 2021-29900477 |
| 31-12-2019 | micro format | 22-06-2020 | 2020-19400225 |
| 31-12-2018 | micro format | 26-06-2019 | 2019-24200515 |
| 31-12-2017 | micro format | 17-06-2018 | 2018-20100429 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RICHIR Benjamin |
|
Owners and capital
Capital and shareholders
- 15-01-2024 Converted to unavailable equity · €18,600
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-01
Gazette deed
Resignation: RICHIR Benjamin (manager)Appointment: RICHIR Benjamin (director) · Permanent representative: RICHIR Benjamin · Amendment of the articles13 facts ▸
- General meeting, 13-12-2023
- Amendment of the articles (2 times)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “unanimité des voix, supprimer le compte de capitaux propres statutairement indisponibles ainsi créé” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “unanimité des voix, coordination des statuts” (deed in French)
- Director resignation, RICHIR Benjamin (manager)
- Director appointment, RICHIR Benjamin (director (not named in the articles))
- Permanent representative, RICHIR Benjamin
- Registered office clause, “1341 Céroux-Mousty,avenue Bel Horizon,49, Septième résolution” (deed in French)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25016A0185/00X003 | Wallonia | 823 m² | 1 · 109 m² | 8.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement,sans que cette liste ne soit limitative,à la réalisation de toutes opérations…” (deed in French)
20 activities (deed in French)
- Toutes opérations se rapportant directement ou indirectement,sans que cette liste ne soit limitative,à la réalisation de toutes opérations généralement quelconques,activités et prestations de service pour son propre compte ou pour le compte d'autres sociétés,entreprises,associations,institutions,organismes,personnes physiques ou morales.Les opérations sont relatives notamment à la gestion,l'organisation,la logistique,l'administration,la représentation,l'étude,l'expertise,l'ingénierie,la consultance,l'assistance,la représentation en relation publiques,le marketing,la communication et l'information,comprenant entre autres,les relations d'entreprises internes ou externes,les relations avec les pouvoirs publics,la négociation,la répartition d'informations,les relations avec la presse,la consultance financière,la consultance dans le management,l’intérim management,la participation et le conseil en stratégie et management d'entreprises.
- Le développement de tous produits informatiques,y compris les produits liés à l'internet,le développement de produits et de programmes informatiques de gestion de données,de traitement des données,la création,le design,le développement,l'hébergement,la gestion et la mise en valeurs de sites et le conseil,la consultance dans ces domaines.
- La création,l'exploitation,le développement de plateformes transactionnelles pour son compte propre ou pour le compte d'autrui.
- L'utilisation de toutes technologies:NFC,RFID,iBeacon,Wifi,QR code...,(liste non exhaustive)au sein de tous les développements fait ou utilisé par la société.
- Toutes transactions ou travaux immobiliers ou fonciers,et notamment l'achat,la vente,l'échange,la construction,la réparation,la transformation,le leasing immobilier,la location et la gestion de tous biens immeubles bâtis ou non bâtis ainsi que toutes opérations mobilières et notamment l'achat,la vente,la location et la gestion de tous biens meubles.Pour réaliser son objet social,la société peut,et sans que ce soit limitatif,effectuer toutes missions,d'expertise en matière immobilière,toutes opérations de courtage en valeurs immobilières,mobilières,assurer la gestion des biens immobiliers et valeurs mobilières,intervenir en matière de conseils et réalisation dans les matières économiques,financières et monétaires,assurer ou coordonner la réalisation de projets immobiliers.Elle peut donc investir à court,moyen et long terme,faire des opérations de bourse,des investissements,les achats et les ventes sur le marché des options;ériger ou faire ériger des immeubles;les aménager ou faire aménager;prendre ou donner des immeubles en location;faire tous travaux en vue de les rendre rentables,lotir les terrains,créer la voie nécessaire;contracter tous contrats de leasing;prendre ou donner des droits d'emphytéose ou de superficie.
- Toutes opérations se rapportant directement ou indirectement à l'installation et la maintenance d'ordinateur,l'installation et la maintenance de réseau informatique,la formation en informatique,les services de conseil en télécommunication et en communication de données,les services de conseil en gestion informatique de l'information,les services de publication assistés par ordinateur,le graphisme,le développement de programmes informatiques,le développement de sites internet,intranet et extranet,l'hébergement de sites internet,intranet et extranet,la maintenance de ces sites,la production de programmes informatiques et multimédias.
- À la commercialisation(achat,vente,location,prêt,conditionnement),en gros ou en détail,de machines et meubles de bureau,en ce compris le matériel électronique et informatique,et notamment,les photocopieurs,téléfax,ordinateurs,centrales téléphoniques...
- À la réparation et à l'entretien de ces machines et meubles;
- Au commerce de gros et de détail en articles de papeterie et de bureau;
- En général,elle a pour objet la commercialisation de tous produits,matériels,accessoires et supports se rapportant aux domaines de la bureautique,de la domotique,de l'ingénierie,de l'informatique,de l'impression et de toutes innovations et inventions.
- Toutes activités liées aux domaines du secrétariat et de l'accueil,de la traduction,des services de bureaux,de la formation,de l'organisation d'évènements et de séminaires,de la promotion et des relations publiques.
- Toutes activités liées aux domaines de la consultance et du conseil,de l'étude,de la recherche et développement,de l'ingénierie,de la domotique,de l'informatique et de l'impression sur tous supports.
- À la publicité sous toutes ses formes et notamment,l'étude,la conception,l'élaboration,la mise en œuvre et l'exécution de plans et campagnes de publicité et de tous moyens publicitaires et la gestion et la surveillance de budgets de publicité;
- Toutes opérations de conseil en relations publiques;
- Toute opérations se rapportant directement ou indirectement à l'étude des marchés de vente,à la conception et à la mise au point de produits adaptés aux besoins de ces marchés et à l'examen de ces problèmes de prospection commerciale,de promotion et de distribution de marchandises;
- L'acquisition,la vente,l'exploitation sous quelque forme que ce soit,de tous brevets,licences,marques de fabrique,procédés,inventions ou droits quelconques en dérivant;
- La recherche,la production,le développement,la programmation,la réalisation,la distribution,la diffusion et l'édition de programmes interactifs,audio-visuels ou multimédia et produits dérivés sur tout support analogique,numérique,chimique et autre,ainsi que sur les réseaux téléphoniques(Internet),satellites,local,câbles et autres ou sur tout support connu et inconnu à ce jour;de programmes interactifs et multimédia destinés au marché numérique,Internet,consoles de jeux et autres;
- De jeux multimédia et interactifs pour la télévision,Internet,le divertissement,la promotion,la publicité,les parcs d'attractions et autres;de programmes de vente,de solutions de paiement,de méthodes de commercialisation sur tout support analogique,numérique,chimique et autre,ainsi que sur les réseaux téléphoniques,Internet(commerce électronique,e-commerce et e-business),satellites,câbles et autres;de programmes informatiques de tout type pour tous secteurs;
- De programmes interactifs et multimédia;le développement,la production,le traitement,le commerce,la réparation,le placement et la livraison de programmes informatiques,de hardware informatiques,de software informatiques,de tout appareil technique,électronique,et mécanique et leurs pièces détachées,aussi bien en Belgique qu'à l'étranger,pour son propre compte,pour le compte d'un tiers,ou en collaboration avec un tiers;l'établissement et la propagation de cours d'informatique avec si nécessaire,la mise à disposition d'un professeur.L'organisation de cours,de conférences et de séminaires en informatique,en langage de programmation ainsi que de toutes activités y attenantes;
- La capture,la digitalisation;la vente,la location,la distribution,la maintenance,la formation de/sur du matériel hardware et software spécialisé;le merchandising,l'édition sous forme quelconque avec ou sans adaptation,le reproduction sonore ou visuelle sur tout support et sous forme quelconque,la fabrication,la promotion,la publicité,la distribution,la vente et autre;l'achat et la vente de matériel informatique et produits dérivés ainsi que toutes activités de consultance en informatique.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TRUE DEV
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, Article 2.Siège” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, 16” (deed in French)“Frais représentation,voyages et déplacements en sus, 18” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Écrit, moitié cédant,moitié acquéreurs au prorata si plusieurs” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique et courrier ordinaire même jour, débiteur-gagiste” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modification des statuts, assemblée générale” (deed in French)“En tout temps, assemblée générale délibérant formes prévues modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)