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UNDERSIDE

Active Private limited companyfounded 2000active for 26 yearsAvenue Georges Lemaitre 5, 6041 CharleroiKBO/BCE: BE 0471.729.212
UNDERSIDE
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Overview

Lifetime

20 annual accounts with figures on one time axis, 26 filings since 2000
peak €1.6m (2018)
€697,324▲ 60.7%
lowest -€482,995 (2024)
€74,015▲ €557,009
peak €868,520 (2022)
€403,598▲ 22.5%
€1.3m▲ 9.9%
peak 27.1 FTE (2018)
6.7 FTE▼ 28.0%
Board8 names since 2020
5 directorsBlock Jean-Michel and 4 others
Owners
15%NEON SLIME
Documentsfilings and deeds
23-07-20268 days before the deadline
2025abbreviated format
Gross margin from €433,886 to €697,324Back to profit: €74,015Staff from 9.3 FTE to 6.7 FTEEquity from €329,583 to €403,598Cash from €233,042 to €501,633

Key points

from the 2025 annual accounts

Equity

€403,598 from €868,520 in 2022

Equity fell by 54% in 3 years.

Result

€74,015 €74,015
-€483,0002024€74,0002025

Back in profit in 2025, after a loss of €482,995 in 2024.

Turnover

≈ €1.8m estimated

The accounts state no turnover.

Debts

€1.3m 76% of the balance sheet
Financial debts 36%Suppliers 28%Taxes and wages 6%Other 30%

Of this, €991,954 falls due within a year.

Staff

6.7 FTE from 27.1 in 2018

Between 2018 and 2025, 75% of the full-time equivalents disappeared.

Filings

26 annual accounts since 2000
AprilJune31 JulyOctober200020102020

Seven of the last ten came late. The 2021 accounts came latest: 120 days after the end of the period.

Checked score

93
Excellent
Financially stronger than 41% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.5 percentage points vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026highest value 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value

Financial strength
Strong

49+2equity 24.3% of total assets
57+13short-term debt 59.7% · cash 30.2%
74+74return on assets 4.5%

Score breakdown

lowers risk
Liquidity: current ratio 1.07, cash €501,633
Sector: Computer programming, consultancy and related activities (NACE 62)
Founded in 2000
Profit of €74,015 (financial year 2025)
Calculation

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 (NACE 62, micro). It does better than 25% of them on solvency, 39% on liquidity, 33% on profitability and 67% on growth.

The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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).

Comparable companies, two years later

In July 2024, 3,984 companies had the same profile as UNDERSIDE has now. Each dot stands for 10 companies, two years later.

96.5%
were still trading
2.3%
stopped another way
1.1%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of UNDERSIDE itself: 0.1% within 12 months.

Test of the method

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.

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 3,984 companies, not a prediction for UNDERSIDE. 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.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.07 (0.92 in 2024), below the usual 1.5. Short-term debt is 59.7% and cash 30.2% of total assets. 75.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 1.07, cash €501,633
NBB · annual accounts
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Founded in 2000
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €74,015 (financial year 2025)
NBB · annual accounts
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 days early
2024
2 days early
2023
30 days late
2022
32 days early
2021
120 days late
2020
96 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BJ
Block Jean-Michel
Director, since 14-01-2020
DH
DASSY Hélène
Director, since 14-01-2020
DC
DEGRAEVE Christophe
Director, since 14-01-2020
PO
Pirson Olivier
Director, since 14-01-2020
SM
Schoonians Maxence
Director, since 14-01-2020
Board & ownership

Recent changes

Capital increase of €250,000 to €296,500 Capital from €46,500 to €296,500, 50 new shares · Change of role: DEGRAEVE Christophe, from manager to statutory director · Appointments: DASSY Hélène, BLOCK, SCHOONIANS and PIRSON · General meeting of 14-01-2020 · Gazette deed
First establishment Avenue Georges Lemaitre 5, Charleroi
Incorporation published on 29-04-2000 · Gazette deed
All 39 events

Comparable companies

same main activity, similar in size and age
Company
UNDERSIDE Charleroi - - 24.3% 6.7
VORTEX Brussels €1.2m 22.2% 74.0% 5.8
COHABSYS Charleroi €1.3m 26.6% 46.1% 6.6
INTEGRAL SOFTWARE Mons €1.3m 35.2% 62.5% 6.5
NEXUM Beerse - - 41.1% 5.3
IT PARTNER Roeselare - - 37.0% 5.2
GUIDELINE BELGIUM Bruges - - 40.5% 8.5

These companies have the same main activity as UNDERSIDE: computer programming (NACE 62100). They are comparable in size and age: total assets between €1.2m and €2.3m, founded between 1995 and 2003.

Official details

Source: KBO
Status
Active since 18-04-2000Normal situation
Activity
Computer programmingNACE 62100and 4 others
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.094.952.4516041 Charleroi, since 30-05-2000
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€697,324▲ 60.7%
€74,015
€403,598▲ 22.5%
€1.7m▲ 12.7%
Employeeson 31-12-2025
7▼ 12.5%
Filing
Filed on 23-07-2026, 8 days before the end of the filing period
Financials

Insights on UNDERSIDE

UNDERSIDE files the abbreviated format. That format states no turnover. The gross margin rose from €43,852 in 2006 to €697,324 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 23-07-2026, 8 days before the deadline
€697,324
▲ 60.7%
€89,280
▲ €314,894
€264,945
▲ €314,542
€249,680
▲ €556,658
24.3%
▲ 1.9 percentage points
1.07
▲ 0.15

The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.8m. Estimated: probably between €1.3m and €2.9m.

Balance sheet

balance sheet total €1.7m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

24.3%

Higher than 32% of 3,405 companies in 2025.

1.07

Higher than 26% of 3,266 companies in 2025.

4.5%

Higher than 42% of 3,314 companies in 2025.

UNDERSIDE Middle half of the sector 80% of the sector Abbreviated accounts in computer programming and consultancy (NACE 62)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half

Staff

€62,622

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 3 people joined and 4 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.7m1.5m2.2m2.2m2.0m2.0m1.7m1.9m1.9m1.3m715,935596,638610,216597,598408,676317,935305,277342,227127,50963,547
20 --------0000000-----
21/28 600,781778,504926,516830,525952,3921.0m1.1m796,532785,620742,085252,575327,387322,715333,255172,124113,652128,898114,75911,01413,437
21 268,059359,616451,173387,073455,502528,074508,717188,0000000000-----
22/27 332,561416,670473,126441,235494,673509,006553,901608,372785,460741,925252,165316,977322,305332,845171,714113,190128,596114,45710,71213,135
22 257,078272,013286,948270,534282,524297,655318,993332,204548,386577,050207,862214,147220,431226,71648,00051,00054,00057,000--
23 69,444117,258136,760122,894161,161179,062171,796203,131172,96392,7481,2437,45710,57812,49022,15620,07324,49324,483--
24 6,03927,39949,41747,80650,98828,28959,11269,03660,11168,12743,05995,37391,29593,640101,55942,11750,10332,9744,2428,187
26 -----4,0004,0004,0004,0004,00000000---6,4704,948
27 --------0000000-----
28 1602,2182,2182,2182,2182,2182,03816016016041010,410410410410462302302302302
29/58 1.1m696,1841.3m1.3m1.1m919,526616,2981.1m1.1m589,871463,360269,251287,502264,343236,552204,283176,379227,468116,49550,110
29 ------------000-----
290 --------0000000-----
291 --------0000000-----
3 --65,003-----0000000-----
30/36 --65,003-----0000000-----
37 --------0000000-----
40/41 559,424456,073831,718815,623520,673441,748433,452922,781839,444393,418302,352214,420222,017170,038137,782149,79377,256106,85342,14443,373
40 464,903400,552796,755790,439477,871388,421361,038654,228641,937393,418280,509189,770201,160150,339121,104147,29064,55789,90342,06543,373
41 94,52155,52134,96225,18542,80253,32772,414268,553197,508021,84324,65020,85719,69916,6782,50312,69916,95079-
50/53 ----541,135---0000000-----
54/58 501,633233,042379,393516,498-462,180179,327193,160276,232190,768145,44443,51359,05994,30597,68854,49099,123120,61574,3516,737
490/1 7237,07034,016--15,5973,5195,6153,5805,68615,56511,3186,42601,082-----
Balance sheet: equity and liabilities
10/49 1.7m1.5m2.2m2.2m2.0m2.0m1.7m1.9m1.9m1.3m715,935596,638610,216597,598408,676317,935305,277342,227127,50963,547
10/15 403,598329,583826,083868,520820,927750,893558,064611,497516,640317,155213,116175,248174,142145,01984,54485,43379,64778,23639,0194,942
10/11 301,150296,500296,500296,500296,500296,50046,50046,50046,50046,50046,50046,50046,50046,50046,50046,50046,50046,50018,60018,600
100 ------46,50046,50046,50046,50046,50046,50046,50046,50046,50046,50046,50046,50018,60018,600
101 --------0000000-----
11 --------0000000-----
1100/10 --------0000000-----
12 --------0000000-----
13 7435,393480,206448,040448,040364,501408,167407,113312,256270,655166,616128,748127,64298,51938,04438,93333,14731,7362,6032,603
130/1 -4,6504,6504,6504,6504,650------000-----
130 ------4,6504,6504,6504,6504,6504,6504,6504,6504,6504,6504,6504,6501,8601,860
1311 -4,6504,6504,6504,6504,650--------------
1312 --------0000000-----
1319 --------0000000-----
132 74374374341,46841,46841,46841,50341,503743743743743743743743743743743743743
133 --474,813401,922401,922318,383362,014360,960306,863265,262161,223123,355122,24993,12632,65133,54027,75426,343--
14 65,833-8,181-61,098----0000000---17,816-16,261
15 35,87135,87149,37662,88276,38789,892103,397157,884157,884000000-----
19 ------------000-----
16 --2,9366,48210,02913,57517,12117,121----000-----
160/5 -------17,1210000000-----
160 --------00----------
161 --------00----------
162 --------00----------
163 --------00----------
164/5 -------17,12100----------
168 --2,9366,48210,02913,57517,121-0000000-----
17/49 1.3m1.1m1.4m1.3m1.2m1.2m1.1m1.3m1.4m1.0m502,819421,389436,074452,579324,132232,502225,630263,99188,49058,605
17 250,240392,291492,682368,908418,173386,491337,101359,962496,771423,540145,283184,498199,859220,88958,25030,11744,95848,001--
170/4 250,240392,291492,682368,908418,173386,491337,101359,962496,771423,540145,283184,498199,859220,88958,25030,11744,95848,001--
175 --------0000000-----
176 --------0000000-----
178/9 --------0000000-----
42/48 991,954752,799914,946918,736765,072807,865762,715917,598736,432530,714307,199212,056187,203206,735216,314190,385180,672215,99088,49058,605
42 171,063201,920232,359160,802177,682151,35947,68688,62158,19228,36021,57546,49243,13047,45734,70720,15517,07712,932--
43 200,000209,367210,640220,175213,901303,703228,852215,186144,63466,23657,407-000-----
430/8 200,000209,367210,640220,175213,901303,703228,852215,186144,63466,23657,4070000-----
439 --------0000000-----
44 348,48385,672157,720139,962153,510196,067223,627280,811210,115275,83776,80521,21152,51765,44049,08320,65923,51021,2043,25820,072
440/4 348,48385,672157,720139,962153,510196,067223,627280,811210,115275,83776,80521,21152,51765,44049,08320,65923,51021,2043,25820,072
441 --------0000000-----
46 --------00000150266--1,840-1,319
45 79,05855,394113,782197,272219,979156,737262,550316,566290,672145,800127,696117,75374,89057,70665,50969,87755,25071,52741,46919,222
450/3 22,6745,01343,43968,15058,19521,84661,05687,44281,76723,81244,18038,78611,6165,03225,18534,64511,00435,23220,1907,448
454/9 56,38450,38170,344129,121161,784134,891201,495229,124208,905121,98883,51778,96763,27452,67440,32435,23244,24636,29521,27911,774
47/48 193,350200,446200,446200,525--016,41332,81914,48123,71526,59916,66635,98266,74779,69484,835108,48743,76317,992
492/3 16,76715----5,95211,909155,03460,54850,33724,83649,01224,95449,56912,000----
Income statement
70 --------0000000-----
76A ----40591,929--0000003,028--6,2271,1821,198
9900 697,324433,886951,5351.4m1.3m1.1m1.4m1.6m1.2m916,615699,249522,932501,926517,779321,326240,048234,195171,710130,32243,852
60/61 --------0000000-----
62 419,567476,570762,7841.1m1.0m1.0m1.2m1.3m974,885614,730524,839431,369376,660325,124247,616192,843190,082133,29886,05642,373
630 175,665176,017143,936149,015163,534168,470243,115143,02083,48773,06132,76962,64955,60585,34950,82528,13032,24723,2604,0605,750
631/4 ---------10,007010,007000482-----
635/8 --------0000000-----
640/8 12,8126,9132,7684,9368,5842,8992,46116,6516,1625,2389,8638,7599,2136,20611,3013,9685,5102,7361,469647
649 --------0000000-----
66A 0---61499--8,38205,2637271,6141,2641,332-----
9901 89,280-225,61442,047113,341126,526-38,367-22,543190,367171,523223,586121,77120,15460,447101,10111,10215,1076,35612,41638,737-4,918
75/76B 3,99514,15313,58213,51113,86521,31154,631221,4916097326402601,75431,34129
75 3,99514,15313,58213,51113,86514,21754,63122546097326402601,75431,34129
76B -----7,094--01,437----------
65/66B 38,559285,67754,08629,80124,05719,11925,85838,19015,2117,84517,43810,89813,6907,26111,1505,6065,5833,469806414
65 38,55955,42854,08629,80124,05719,11925,85838,19015,2117,84517,43810,89813,6907,26111,1505,6065,5833,469806414
66B -230,249------00----------
9903 54,717-497,1381,54397,052116,334-36,1756,229152,179156,314217,23299,1299,50345,40892,5751,90711,25577616,51539,115-4,125
780 02,9363,5463,5463,546---------------
67/77 -19,298-11,20834,02139,50036,34111,0385,17540,20070,42872,09846,2618,39616,28532,1002,7975,469-6355,1985,038-
9904 74,015-482,995-28,93261,09883,540-46,3171,05494,85785,886145,13452,8681,10629,12360,475-8895,7861,41111,31734,077-4,125
789 --40,725--2,686013,2290000000-----
689 ------053,9890000000-----
9905 74,015-482,99511,79361,09883,540-43,6311,05454,09785,886145,13452,8681,10629,12360,475-8895,7861,41111,31734,077-4,125
Appropriation of the result
9906 65,833-482,99572,89161,09883,540-43,6311,05454,09785,886145,13452,8681,10629,12360,475-8895,7861,41129,13317,816-16,261
14P -8,181-61,098-----------------
791/2 0474,813---43,631--000000889-----
691/2 --72,891-83,540-1,05454,09741,601104,03937,8681,10629,12360,47505,7861,41129,133--
691 --------0000000-----
6920 --------0000000--2,790--
6921 --72,891-83,540-1,05454,09741,601104,03937,8681,10629,12360,47505,7861,41126,343--
694/7 --------44,28641,09615,000-000-----
694 --------44,28641,09615,0000000-----
695 --------0000000-----
696 --------00----------
Social balance sheet
9087 6.79.315.320.820.921.824.827.121.515.812.810.69.58.36.25.84.74.73.31.8
Hours worked1013 10,51111,89223,62836,10333,52034,57142,51346,52137,48626,95322,20818,58916,78114,38010,8499,8108,3297,97477,5013,065
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 6 older financial years (2000-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 19 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 23-07-2026 2026-00323302 PDF
31-12-2024 full format 29-07-2025 2025-00322231 PDF
31-12-2023 full format 30-08-2024 2024-00409021 PDF
31-12-2022 full format 29-06-2023 2023-00172429 PDF
31-12-2021 full format 28-11-2022 2022-20526154 PDF
31-12-2020 full format 04-11-2021 2021-76500238 PDF
31-12-2019 full format 31-08-2020 2020-48100156 PDF
31-12-2018 full format 30-08-2019 2019-62400117 PDF
31-12-2017 full format 17-09-2018 2018-63700017 PDF
31-12-2016 full format 29-09-2017 2017-65800396 PDF
31-12-2015 full format 12-07-2016 2016-30900137 PDF
31-12-2014 full format 20-08-2015 2015-44500315 PDF
31-12-2013 full format 19-08-2014 2014-44500473 PDF
31-12-2012 full format 25-06-2013 2013-19900420 PDF
31-12-2011 full format 19-06-2012 2012-18000341 PDF
31-12-2010 full format 21-06-2011 2011-19000038 PDF
31-12-2009 full format 09-08-2010 2010-39900252 PDF
31-12-2008 full format 22-06-2009 2009-27200319 PDF
31-12-2007 full format 29-07-2008 2008-50400339 PDF
31-12-2006 full format 30-08-2007 2007-68700378 PDF
31-12-2005 full format 28-08-2006 2006-68601523 PDF
31-12-2004 full format 13-07-2005 2005-47602359 PDF
31-12-2003 full format 14-07-2004 2004-45305080 PDF
31-12-2002 full format 17-07-2003 2003-46300087 PDF
31-12-2001 full format 18-07-2002 2002-39203298 PDF
31-12-2000 full format 13-07-2001 2001-36900072 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
264,945-49,597185,983262,357290,060130,102220,572333,387255,010296,647154,54082,803116,052186,45061,92743,23738,60335,67642,797832
249,680-306,977115,004210,113247,074122,152244,169237,877169,374218,19685,63763,75584,728145,82449,93633,91633,65834,57738,1371,625
028,005239,92627,14976,62851,183511,240357,678127,022597,1994,16480,83349,863253,529120,59923,56846,386127,0052,93614,614
268,591-146,352-137,104--282,854-13,834-83,07285,46445,324101,930-15,545-35,246-3,38343,198-44,633-21,49246,26467,614-
69,825-56,615395,185413,384296,736111,661-146,417203,959382,82559,158156,16257,196100,29957,60820,23813,898-4,29311,47828,005-8,495
24.3%22.3%36.9%40.2%40.8%38.3%33.2%31.9%27.1%23.8%29.8%29.4%28.5%24.3%20.7%26.9%26.1%22.9%30.6%7.8%
1.070.921.431.451.391.140.811.221.521.111.511.271.541.281.091.070.981.051.320.86
1.070.921.361.451.391.140.811.221.521.111.511.271.541.281.091.070.981.051.320.86
3.123.471.701.481.441.591.982.112.693.202.362.402.503.123.832.722.833.372.2711.86
18.3%-146.5%-3.5%7.0%10.2%-6.2%0.2%15.5%16.6%45.8%24.8%0.6%16.7%41.7%-1.1%6.8%1.8%14.5%87.3%-83.5%
4.5%-32.8%-1.3%2.8%4.1%-2.4%0.1%4.9%4.5%10.9%7.4%0.2%4.8%10.1%-0.2%1.8%0.5%3.3%26.7%-6.5%
6.87-0.893.448.8012.06---------------

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date78132024
full-time78132024
part-time0----
in full-time equivalents78132024
6.79.315.320.820.9
On a permanent contract77132023
Joined317311
Left461476

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets-€28,005€107,334€27,149€76,628
Intangible fixed assets--€132,592--
Financial fixed assets€0----
€175,665€176,017€143,936€149,015€163,534

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

1 award · 2025
Marché public concernant la fourniture d’outils et de services ICT spécialisés pour le compte du SPF Chancellerie du Premier Ministre et d’autres services et organismes publics fédéraux: IT21193 - 2
buyer: FOD Kanselarij van de Eerste MinisterIT servicesawarded 19-06-2025€1.5m5 tendersTED 473185-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on UNDERSIDE

The operating result for 2025 is a profit of €89,280, after a loss of €225,614 in 2024. It is the highest result since 2022.

Debt's share of the balance-sheet total falls from 77.7% to 75.7%. Equity and debt are higher.

Board & ownership

Board

5 directors, last change in 2020
Block Jean-Michel
Director
since 14-01-2020
listed in the 2025 annual accounts, filed on 23-07-2026
DASSY Hélène
Director (not named in the articles)
since 14-01-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 23-07-2026
DEGRAEVE Christophe
Statutory director
since 14-01-2020 term without a fixed end
earlier manager, until 31-01-2020
listed in the 2025 annual accounts, filed on 23-07-2026
Pirson Olivier
Director
since 14-01-2020
listed in the 2025 annual accounts, filed on 23-07-2026
Schoonians Maxence
Director
since 14-01-2020
listed in the 2025 annual accounts, filed on 23-07-2026

Office holders in the KBO →

Mandates through the years

8 names, the dashed line is today
Block Jean-Michel
Director
DASSY Hélène
Director (not named in the articles)
DEGRAEVE Christophe
Statutory director
Pirson Olivier
Director
Schoonians Maxence
Director
BLOCK
Director (not named in the articles)
PIRSON
Director (not named in the articles)
SCHOONIANS
Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
  • Block Jean-Michel
    • Director, from 14-01-2020 to date
  • DASSY Hélène
    • Director (not named in the articles), from 14-01-2020 to date
  • DEGRAEVE Christophe
    • Statutory director, from 14-01-2020 to date
    • Managing director, appointed by deed of 31-01-2020, last mentioned in 2020
  • Pirson Olivier
    • Director, from 14-01-2020 to date
  • Schoonians Maxence
    • Director, from 14-01-2020 to date
  • BLOCK
    • Director (not named in the articles), appointed by deed of 31-01-2020, no longer listed in the 2025 annual accounts
  • PIRSON
    • Director (not named in the articles), appointed by deed of 31-01-2020, no longer listed in the 2025 annual accounts
  • SCHOONIANS
    • Director (not named in the articles), appointed by deed of 31-01-2020, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Shareholder
NEON SLIME
Equity €119,781
Profit €91,860 in 2025 (profit €24,921 in 2024)
Checked score 97
Source: accounts NEON SLIME 2025
15%
This company
UNDERSIDE
Equity €403,598
Profit €74,015 in 2025

Capital

Contribution
€301,150
Source
2025 annual accounts

Articles of association

deed of 31-01-2020 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 10:00

Capital transactions

Capital over time
  1. 31-01-2020 Converted to unavailable equity
  2. 31-01-2020 Capital increase of €250,000 · to €296,500 · 50 new shares

Network & group

Holdings

own 2014 accounts
This companyUNDERSIDE1 holding, 1 country 2014 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2014 accounts. The amounts are in that list, in each holding's own currency.

The LEI register names no parent.

Connections & network

5 current directors
Depth

The network lets you explore the ties of UNDERSIDE.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

39 events since 2000

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 8 days before the deadline
2025
Back to profit net €74,015 The net result is €74,015, after 2 loss-making years.
Annual accounts 2024 filed PDFfull format · 2 days before the deadline
2024
Weakest financial year net -€482,995 The net result drops to -€482,995, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFfull format · 30 days late
2023
Annual accounts 2022 filed PDFfull format · 32 days before the deadline
2022
Annual accounts 2021 filed PDFfull format · 120 days late
2021
Back to profit net €83,540 The net result is €83,540, after one loss-making year.
Annual accounts 2020 filed PDFfull format · 96 days late
2020
Annual accounts 2019 filed PDFfull format · 31 days late
Capital increase of €250,000 to €296,500Capital from €46,500 to €296,500, 50 new shares · Change of role: DEGRAEVE Christophe, from manager to statutory director · Appointments: DASSY Hélène, BLOCK, SCHOONIANS and PIRSON · General meeting of 14-01-202011 points ▸
  • General meeting, 14-01-2020
  • Capital increase, €250,000
  • Director resignation, DEGRAEVE Christophe (manager)
  • Director discharge, DEGRAEVE Christophe
  • Board rule, 5
  • Director appointment, DEGRAEVE Christophe (statutory director)
  • Director appointment, DASSY Hélène (director (not named in the articles))
  • Director appointment, BLOCK (director (not named in the articles))
  • Director appointment, SCHOONIANS (director (not named in the articles))
  • Director appointment, PIRSON (director (not named in the articles))
  • Director appointment, DEGRAEVE Christophe (managing director)
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

2019
Annual accounts 2018 filed PDFfull format · 30 days late
2018
Annual accounts 2017 filed PDFfull format · 48 days late
2017
Equity above €500,000 equity €516,640 ▲62.9% After 6 profitable years in a row, equity reaches €516,640.
Annual accounts 2016 filed PDFfull format · 60 days late
2016
Highest result from 2006 to 2025 net €145,134 ▲175% The operating result of €223,586 and the net result of €145,134 are both a record.
Annual accounts 2015 filed PDFfull format · 19 days before the deadline
2015
Equity above €200,000 equity €213,116 ▲21.6% After 4 profitable years in a row, equity reaches €213,116.
Annual accounts 2014 filed PDFfull format · 20 days late
2014
Annual accounts 2013 filed PDFfull format · 19 days late
2013
Equity above €150,000 equity €174,142 ▲20.1% After 2 profitable years in a row, equity reaches €174,142.
Annual accounts 2012 filed PDFfull format · 36 days before the deadline
2012
Back to profit net €60,475 The net result is €60,475, after one loss-making year.
Equity above €100,000 equity €145,019 ▲71.5% Equity rises from €84,544 to €145,019.
Annual accounts 2011 filed PDFfull format · 42 days before the deadline
2011
Annual accounts 2010 filed PDFfull format · 40 days before the deadline
2010
Annual accounts 2009 filed PDFfull format · 9 days late
2009
Annual accounts 2008 filed PDFfull format · 39 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 2 days before the deadline
2007
Back to profit net €34,077 The net result is €34,077, after one loss-making year.
Annual accounts 2006 filed PDFfull format · 30 days late
2006
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
2003
Annual accounts 2002 filed PDFfull format
2002
Annual accounts 2001 filed PDFfull format
2001
Annual accounts 2000 filed PDFfull format
2000
First establishment Avenue Georges Lemaitre 5, Charleroi
Incorporation published on 29-04-2000

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

UNDERSIDE was incorporated on 18 April 2000.1 In 2020 the capital was increased by €250,000 to €296,500.2 Total assets fell from €1.9m in 2018 to €1.7m in 2025 and headcount from 27.1 to 6.7 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 31-01-2020
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0471.729.212
VAT number
BE 0471.729.212
Peppol ID
0208:0471729212
LEI code
2549002E4JJ42FM82E56 live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
18-04-2000
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 10:00
deed of 31-01-2020 (in French)
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
UNDERSIDE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-01-2020 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 31-01-2020 (in French)

Activities

NACEBEL 2025
VAT activities
62100 Computer programming main activity
62900 Other information technology and computer services
63100 Computing infrastructure, data processing, hosting and related activities
95100 Repair and maintenance of computers and communication equipment
Social security (RSZ) activities
62200 Computer consultancy and computer facilities management main activity
Joint committees annual accounts 2025
JC 200 Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
62010 Computer programming, consultancy and related activities main activity
62090 Computer programming, consultancy and related activities
63110 Computing infrastructure, data processing, hosting and other information service activities
95110 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Social security (RSZ) activities
62020 IT consultancy main activity
Codes under NACEBEL 2003
VAT activities
72220 main activity
72300
72500
72600
Social security (RSZ) activities
72100 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“La vente, la fourniture et la réparation de matériel informatique; L'organisation de cours et recyclage informatique; L'installation et la…”
4 activities
  1. La vente, la fourniture et la réparation de matériel informatique
  2. L'organisation de cours et recyclage informatique
  3. L'installation et la gestion de sites internet et tous services liés à internet ou à tout autre moyen de communication informatique
  4. La domotique
deed of 31-01-2020 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Avenue Georges Lemaitre 5 registered office 6041 Charleroi 62200 Computer consultancy and computer facilities management 30-05-2000 2.094.952.451

Location

registered office establishment approximate The establishment unit on the map

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