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TrueFiber

Active
Private limited companyfounded 2022active for 4 yearsOorlogsvrijwilligerslaan 14, 8200 Brugge, BelgiumKBO/BCE: BE 0790.459.532

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 10-07-2026 at the NBB all 3 filings

Equity
€7,600▼ 29.6%
2024 · €10,791
Total assets
€7,769▼ 28.0%
2024 · €10,791
Net result
-€3,190▲ 27.8%
2024 · -€4,417
Working capital
€7,600▼ 50.0%
2023 · €15,208
Trend over the years

2023 to 2025, 3 financial years

The operating result for 2025 is a loss of €3,150, smaller than the loss of €4,378 in 2024.

Operating result-€3,150 2025 Net result-€3,190 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result-€4,749--€4,378▲ 7.8%-€3,150▲ 28.1%
Net result-€4,792below the sector's middle half--€4,417below the sector's middle half▲ 7.8%-€3,190below the sector's middle half▲ 27.8%
Equity€15,208below the sector's middle half-€10,791below the sector's middle half▼ 29.0%€7,600below the sector's middle half▼ 29.6%
Total assets€15,347below the sector's middle half-€10,791below the sector's middle half▼ 29.7%€7,769below the sector's middle half▼ 28.0%
Debt€139-€168
Working capital€15,208within the sector's middle half-€7,600within the sector's middle half
Solvency99.1%above the sector's middle half-100.0%above the sector's middle half▲ 0.9pp97.8%above the sector's middle half▼ 2.2pp
Current ratio46.13above the sector's middle half
Return on assets (ROA)-31.2%below the sector's middle half--40.9%below the sector's middle half▼ 9.7pp-41.1%below the sector's middle half▼ 0.1pp
above within below The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
Equity and liabilities €7,769
Equity €7,600
Debt €168
Debt's share of the balance-sheet total is 2.2%.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.02
ROE
-42.0%▼
2024 · -40.9%
Debt ≤ 1 year
€168
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as TrueFiber: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €7,050 and €9,250, founded between 2021 and 2023.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
TrueFiber Brugge2022€7,769€7,600-€2,210--€3,1902025
DRL Antwerpen2022€8,122-€3,030-€10,962€65,185-€14,1802025
ALSTEF Elsene2023€7,426-€10,691-€2,833--€3,8302025
AIO BE Sint-Pieters-Leeuw2023€7,996€7,254-€6,283--€8,3262025
MonSiteAMoi Bernissart2021€7,798€5,554-€2,017--€2,6422025
Nine One One (911) Lummen2023€7,052€5,819-€1,160--€2,0082025
NIV42 Antwerpen2022€9,248-€12,634-€4,055--€8,3562025

They were chosen from the 18,968 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 3,223 companies had the same profile as TrueFiber has now. Two years later, 3.4% had gone bankrupt and 87.8% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.4% went bankrupt
8.7% stopped otherwise
87.8% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of TrueFiber itself is lower: 0.1% within 12 months. It rests on far more data about TrueFiber than the profile alone.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 3,223 companies, not a prediction for TrueFiber. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 24 lines

Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€10,791€7,769▼
Current assets29/58€10,791€7,769▼
Amounts receivable within one year40/41€693€279▼
Trade receivables40-€204
Other amounts receivable41€693€76▼
Cash at bank and in hand54/58€10,098€7,489▼
Equity and liabilities
Total equity and liabilities10/49€10,791€7,769▼
Equity10/15€10,791€7,600▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€9,209-€12,400▼
Amounts payable17/49-€168
Amounts payable within one year42/48-€168
Trade debts44-€168
Suppliers440/4-€168
Income statement Code20242025
Other operating charges640/8€1,280€940▼
Gross operating margin9900-€3,098-€2,210▲
Operating profit (loss)9901-€4,378-€3,150▲
Financial charges65/66B€39€40▲
Recurring financial charges65€39€40▲
Profit (loss) for the period before taxes9903-€4,417-€3,190▲
Profit (loss) for the period9904-€4,417-€3,190▲
Profit (loss) for the period to be appropriated9905-€4,417-€3,190▲
Appropriation of the result
Profit (loss) to be appropriated9906-€9,209-€12,400▼
Profit (loss) brought forward from the previous period14P-€4,792-€9,209▼

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Line202320242025Change
Other operating charges640/8€503€1,280€940▼ 26.6%
Gross operating margin9900-€4,246-€3,098-€2,210▲ 28.7%
Operating profit (loss)9901-€4,749-€4,378-€3,150▲ 28.1%
Financial charges65/66B€43€39€40▲ 3.5%
Recurring financial charges65€43€39€40▲ 3.5%
Profit (loss) for the period before taxes9903-€4,792-€4,417-€3,190▲ 27.8%
Profit (loss) for the period9904-€4,792-€4,417-€3,190▲ 27.8%
Profit (loss) for the period to be appropriated9905-€4,792-€4,417-€3,190▲ 27.8%
Line202320242025Change
Assets
Total assets20/58€15,347€10,791€7,769▼ 28.0%
Current assets29/58€15,347€10,791€7,769▼ 28.0%
Amounts receivable within one year40/41€407€693€279▼ 59.7%
Trade receivables40--€204-
Other amounts receivable41€407€693€76▼ 89.1%
Cash at bank and in hand54/58€14,939€10,098€7,489▼ 25.8%
Equity and liabilities
Total equity and liabilities10/49€15,347€10,791€7,769▼ 28.0%
Equity10/15€15,208€10,791€7,600▼ 29.6%
Contributions10/11€20,000€20,000€20,000=
Profit (loss) carried forward14-€4,792-€9,209-€12,400▼ 34.6%
Amounts payable17/49€139-€168-
Amounts payable within one year42/48€139-€168-
Trade debts44€139-€168-
Suppliers440/4€139-€168-
Line202320242025Change
Profit (loss) for the period9904-€4,792-€4,417-€3,190▲ 27.8%
Operating cash flow (approximation)-€4,792-€4,417-€3,190▲ 27.8%
Change in cash--€4,842-€2,609▲ 46.1%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2025 micro format 10-07-2026 2026-00279029 NBB
31-12-2024 micro format 14-08-2025 2025-00376386 PDF
31-12-2023 micro format 29-07-2024 2024-00326774 PDF

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