Equity
Equity rose in 2025 from €78,407 to €140,020.
Equity rose in 2025 from €78,407 to €140,020.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €18,564 to €7,945.
Higher solvency than 91% of companies in publishing. Sector median 49.6% · 825 companies.
The dashed line is the sector median: 0.1% across 1,283 companies (NACE 58, micro).
Fewer than 1 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 (NACE 58, micro). It does better than 87% of them on solvency, 83% on liquidity, 93% on profitability and 90% 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 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).
In July 2024, 39,278 companies had the same profile as W84IT has now. Each dot stands for 99 companies, two years later.
The bankruptcy probability of W84IT itself is lower: < 0.1% within 12 months. It rests on far more data about W84IT than the profile alone.
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 39,278 companies, not a prediction for W84IT. 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 13.49 (3.54 in 2024), above the usual 1.5. Short-term debt is 5.4% and cash 32.6% of total assets. 5.5% 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 2 accounts on average 36 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| W84IT Ghent | €148,094 | €88,653 | 94.5% | - |
| SYNDIC YOURSELF Ixelles | €163,636 | €105,993 | 24.2% | - |
| Fleur XL Ghent | €153,850 | €68,268 | 66.9% | - |
| Hoste IT Solutions Berlare | €105,624 | €52,255 | 91.1% | - |
| RAZA CORPORATIONS Mechelen | €192,256 | €93,889 | 79.8% | - |
| MEHAR CONSULTANCY SERVICES Kortenberg | €151,141 | €79,063 | 64.8% | - |
| RAJ TECHNOLOGIES Haacht | €212,710 | €99,236 | 95.9% | - |
These companies have the same main activity as W84IT: other software publishing (NACE 58290). They are comparable in size and age: total assets between €106,000 and €213,000, founded between 2021 and 2024.
W84IT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,020 and a net result of €62,564.
Its solvency ranks better than 92% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €270,000. Estimated: probably between €180,000 and €460,000.
Higher than 92% of 825 companies in 2025.
Higher than 91% of 759 companies in 2025.
Higher than 90% of 781 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
148,094 | 96,971 | |
21/28 |
40,921 | 31,282 | |
22/27 |
40,921 | 31,282 | |
23 |
12,054 | - | |
24 |
28,867 | 31,282 | |
29/58 |
107,173 | 65,689 | |
40/41 |
17,465 | 10,214 | |
40 |
14,944 | 10,208 | |
41 |
2,522 | 6 | |
50/53 |
39,351 | - | |
54/58 |
48,299 | 54,066 | |
490/1 |
2,058 | 1,410 | |
| Balance sheet: equity and liabilities | |||
10/49 |
148,094 | 96,971 | |
10/15 |
140,020 | 78,407 | |
10/11 |
10,000 | 10,000 | |
13 |
130,020 | 68,407 | |
133 |
130,020 | 68,407 | |
14 |
0 | 0 | |
17/49 |
8,075 | 18,564 | |
42/48 |
7,945 | 18,564 | |
44 |
0 | 257 | |
440/4 |
0 | 257 | |
45 |
6,538 | 14,733 | |
450/3 |
6,538 | 14,733 | |
47/48 |
1,407 | 3,574 | |
492/3 |
130 | - | |
| Income statement | |||
9900 |
88,653 | 102,162 | |
630 |
8,525 | 4,297 | |
640/8 |
144 | - | |
9901 |
79,983 | 97,865 | |
75/76B |
2 | - | |
75 |
2 | - | |
65/66B |
784 | 99 | |
65 |
784 | 99 | |
9903 |
79,202 | 97,767 | |
67/77 |
16,638 | 28,501 | |
9904 |
62,564 | 69,266 | |
9905 |
62,564 | 69,266 | |
| Appropriation of the result | |||
9906 |
62,564 | 69,266 | |
691/2 |
61,731 | 68,407 | |
6921 |
61,731 | 68,407 | |
694/7 |
833 | 859 | |
694 |
833 | 859 | |
| Document | |||
The notes to these accounts have 6 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 23-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 88,508 | 102,162 | ||
| 71,089 | 73,563 | ||
| 18,338 | 35,578 | ||
| -5,766 | - | ||
| 99,228 | 47,126 | ||
| 94.5% | 80.9% | ||
| 13.49 | 3.54 | ||
| 0.06 | 0.24 | ||
| 44.7% | 88.3% | ||
| 42.2% | 71.4% | ||
| over 100 | over 100 |
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.
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €18,338 | €35,578 |
| €8,525 | €4,297 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 18% lower than in 2024.
Debt's share of the balance-sheet total falls from 19.1% to 5.5%. Equity is higher and debt is lower.
W84IT has no parent and no holdings in its annual accounts. VAN DEN BUSSCHE Maarten Steven Luk is the only director. W84IT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 23 June 2023, W84IT was incorporated as a private limited company by one natural person, with a starting capital of €10,000.12 VAN DEN BUSSCHE Maarten Steven Luk has served as director since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Joachim Schayckstraat 9 registered office 9052 Ghent | 23-06-2023 | 2.346.581.240 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44082B0226/00N000 | 502 m² | 1 · 173 m² | 7.8 m · 1 |
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