WhileLoop
ActiveSummary
WhileLoop has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €274,767 and a net result of €56,400. Equity is growing by ~21.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+17
Solvency61▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 3.39 against 1.29 in 2024; short-term debt: 5.5% and cash: 9.9% of total assets), but 64.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.8%
Return on assets
7.4%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
21 d late
2023
4 d early
2022
11 d early
2021
16 d early
2020
21 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
WhileLoop was incorporated on 21 December 2018 by one natural person, with a starting capital of EUR 18,550.12 The registered office was moved to Merelbeke in 2021.3 Since 2022, RADAJ Admir has served as non-statutory director of the company.4 Total assets rose from EUR 65,896 in 2019 to EUR 766,707 in 2025.5
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Financials · fiscal year 2025, micro schema
Equity
€274,767▲ 25.8%
2024 · €218,367
Total assets
€766,707▲ 0.7%
2024 · €761,397
Net result
€56,400▲ 125%
2024 · €25,030
Working capital
€101,647▲ 385%
2024 · €20,968
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€51,673▼ 22.1%€32,027▼ 38.0%€43,164▲ 34.8%€50,555▲ 17.1%€84,114▲ 66.4%
Net result€39,441▼ 25.8%€19,238▼ 51.2%€24,053▲ 25.0%€25,030▲ 4.1%€56,400▲ 125%
Equity€150,047▲ 43.6%€169,285▲ 12.8%€193,337▲ 14.2%€218,367▲ 12.9%€274,767▲ 25.8%
Total assets€334,543▲ 162%€550,520▲ 64.6%€762,349▲ 38.5%€761,397▼ 0.1%€766,707▲ 0.7%
Debt€184,497▲ 695%€381,236▲ 107%€569,012▲ 49.3%€543,030▼ 4.6%€491,940▼ 9.4%
Working capital€105,423▲ 2.3%€74,878▼ 29.0%€10,423▼ 86.1%€20,968▲ 101%€101,647▲ 385%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 66% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €766,707
Fixed assets
€622,549 ▼ 6.9%
Current assets
€144,158 ▲ 55.6%
Equity and liabilities €766,707
Equity
€274,767 ▲ 25.8%
Debt
€491,940 ▼ 9.4%
Debt's share of the balance-sheet total falls from 71.3% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111,953▲
2024 · €84,148
Cash flow
€84,240▲
2024 · €58,623
Current ratio
3.39▲
2024 · 1.29
Debt to equity
1.79▼
2024 · 2.49
ROE
20.5%▲
2024 · 11.5%
ROA
7.4%▲
2024 · 3.3%
Interest coverage
8.36▲
2024 · 4.53
Debt ≤ 1 year
€42,511▼
2024 · €71,690
Debt > 1 year
€448,857▼
2024 · €467,503
Income taxes
€14,321▲
2024 · €6,966
Staff costs
€0▼
2024 · €2,309
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €2,309 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,129 | €44,899 | €56,835 | €33,593 | €27,839 | ▼ 17.1% |
| Other operating charges640/8 | €824 | €1,746 | €3,314 | €3,439 | €18,713 | ▲ 444% |
| Non-recurring operating charges66A | - | - | - | €3,500 | €0 | ▼ 100% |
| Gross operating margin9900 | €81,626 | €78,672 | €103,312 | €93,397 | €130,666 | ▲ 39.9% |
| Operating profit (loss)9901 | €51,673 | €32,027 | €43,164 | €50,555 | €84,114 | ▲ 66.4% |
| Financial income75/76B | €70 | €0 | €0 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €70 | €0 | €0 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €2,459 | €8,013 | €12,322 | €18,561 | €13,392 | ▼ 27.8% |
| Recurring financial charges65 | €2,459 | €8,013 | €12,322 | €18,561 | €13,392 | ▼ 27.8% |
| Profit (loss) for the period before taxes9903 | €49,284 | €24,015 | €30,842 | €31,995 | €70,722 | ▲ 121% |
| Income taxes67/77 | €9,843 | €4,776 | €6,789 | €6,966 | €14,321 | ▲ 106% |
| Profit (loss) for the period9904 | €39,441 | €19,238 | €24,053 | €25,030 | €56,400 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €39,441 | €19,238 | €24,053 | €25,030 | €56,400 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €334,543 | €550,520 | €762,349 | €761,397 | €766,707 | ▲ 0.7% |
| Fixed assets21/28 | €198,560 | €438,032 | €672,997 | €668,740 | €622,549 | ▼ 6.9% |
| Tangible fixed assets22/27 | €198,560 | €438,032 | €672,997 | €668,740 | €622,549 | ▼ 6.9% |
| Land and buildings22 | €176,449 | €415,748 | €612,274 | €596,393 | €580,556 | ▼ 2.7% |
| Plant, machinery and equipment23 | €21,390 | €21,968 | €20,482 | €31,501 | €28,953 | ▼ 8.1% |
| Furniture and vehicles24 | €721 | €316 | €40,241 | €40,845 | €13,040 | ▼ 68.1% |
| Current assets29/58 | €135,983 | €112,488 | €89,352 | €92,658 | €144,158 | ▲ 55.6% |
| Amounts receivable within one year40/41 | €40,157 | €25,424 | €23,943 | €23,283 | €24,246 | ▲ 4.1% |
| Trade receivables40 | €40,087 | €15,992 | €21,732 | €15,246 | €16,504 | ▲ 8.3% |
| Other amounts receivable41 | €71 | €9,432 | €2,211 | €8,037 | €7,741 | ▼ 3.7% |
| Cash at bank and in hand54/58 | €95,042 | €19,930 | €4,322 | €17,864 | €76,282 | ▲ 327% |
| Deferred charges and accrued income490/1 | €784 | €67,135 | €61,087 | €51,511 | €43,630 | ▼ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €334,543 | €550,520 | €762,349 | €761,397 | €766,707 | ▲ 0.7% |
| Equity10/15 | €150,047 | €169,285 | €193,337 | €218,367 | €274,767 | ▲ 25.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €131,497 | €150,735 | €174,787 | €199,817 | €256,217 | ▲ 28.2% |
| Distributable reserves133 | €131,497 | €150,735 | €174,787 | €199,817 | €256,217 | ▲ 28.2% |
| Amounts payable17/49 | €184,497 | €381,236 | €569,012 | €543,030 | €491,940 | ▼ 9.4% |
| Amounts payable after more than one year17 | €153,936 | €343,625 | €488,098 | €467,503 | €448,857 | ▼ 4.0% |
| Financial debts170/4 | €153,936 | €343,625 | €488,098 | €465,503 | €442,357 | ▼ 5.0% |
| Other amounts payable178/9 | - | - | - | €2,000 | €6,500 | ▲ 225% |
| Amounts payable within one year42/48 | €30,560 | €37,611 | €78,929 | €71,690 | €42,511 | ▼ 40.7% |
| Current portion of amounts payable after more than one year42 | €7,023 | €16,159 | €22,058 | €22,595 | €23,147 | ▲ 2.4% |
| Trade debts44 | €2,011 | €1,079 | €7,121 | €1,948 | €5,915 | ▲ 204% |
| Suppliers440/4 | €2,011 | €1,079 | €7,121 | €1,948 | €5,915 | ▲ 204% |
| Taxes, remuneration and social security45 | €20,026 | €18,873 | €9,422 | €10,339 | €6,804 | ▼ 34.2% |
| Taxes450/3 | €20,026 | €18,873 | €9,422 | €10,339 | €6,804 | ▼ 34.2% |
| Other amounts payable47/48 | €1,500 | €1,500 | €40,327 | €36,808 | €6,645 | ▼ 81.9% |
| Accrued charges and deferred income492/3 | - | - | €1,984 | €3,837 | €572 | ▼ 85.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,441 | €19,238 | €24,053 | €25,030 | €56,400 | ▲ 125% |
| + Depreciation and write-downs630 | €29,129 | €44,899 | €56,835 | €33,593 | €27,839 | ▼ 17.1% |
| Operating cash flow (approximation) | €68,570 | €64,137 | €80,888 | €58,623 | €84,240 | ▲ 43.7% |
| Investment in fixed assets (approximation) | - | -€284,371 | -€291,800 | -€29,336 | €18,351 | ▲ 163% |
| Change in cash | - | -€75,113 | -€15,607 | €13,541 | €58,419 | ▲ 331% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €56,400 ▲125%
Operating result €84,114, net result €56,400, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.39
Current ratio from 1.29 to 3.39; short-term debt falls from €71,690 to €42,511.
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €200,000Eq €218,367 ▲12.9%
6 profitable years in a row build equity to €218,367.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €19,238 ▼51.2%
Net result drops to €19,238, the lowest in the series; recovery starts the following year.
22-11
State Gazette act
Resignation: RADAJ Admir (non-statutory manager)Appointment: RADAJ Admir (non-statutory director) · Capital conversion · Reserve release11 facts ▸
State Gazette act
Resignation: RADAJ Admir (non-statutory manager)
Appointment: RADAJ Admir (non-statutory director) · Capital conversion · Reserve release11 facts ▸
- General meeting, 17-10-2022
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Reserve release, geldig voor eventuele toekomstige bijstortingen van het deel van het in het verleden geplaatste kapitaal dat op heden nog niet werd gestort en dat werd geboekt…
- Share class, afschaffen, fractiewaarde van de aandelen
- Statutes amendment
- Capital
- Director resignation, RADAJ Admir (non-statutory manager)
- Director appointment, RADAJ Admir (non-statutory director)
- Registered office clause, 9820 Merelbeke, Hundelgemsesteenweg 722 bus b
- Power of attorney
- Power of attorney, Steven Verbist
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €150,047 ▲43.6%
3 profitable years in a row build equity to €150,047.
11-10
State Gazette act
Registered officeRegistered-office move · Power of attorney · Director in office4 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney · Director in office4 facts ▸
- General meeting, 13-09-2021
- Registered-office move, Hundelgemsesteenweg 722b - 9820 Merelbeke
- Power of attorney, BV Adfibodem
- Director in office, De Meyer Jean-Luc (director)
Show earlier events
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €104,455 ▲104%
2 profitable years in a row build equity to €104,455.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-12
State Gazette act
IncorporationAppointment: RADAJ Admir (non-statutory manager) · Founder · Capital5 facts ▸
State Gazette act
Incorporation
Appointment: RADAJ Admir (non-statutory manager) · Founder · Capital5 facts ▸
- Incorporation, 20-12-2018
- Founder, RADAJ Admir
- Capital, €18.550
- Bank account, 18-12-2018
- Director appointment, RADAJ Admir (non-statutory manager)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read
Directors · office · real estate
Directors
1 director, no change since 2022
RADAJ Admir
CurrentNon-statutory director · since 22-11-2022
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Merelbeke-Melle · 1 establishment unit since 2019
Ground area
358 m²
Building footprint
163 m²
Volume, LiDAR
763 m³
Parcel 44412B0296/00V000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
WhileLoop
since 20192.282.917.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44412B0296/00V000 | Flanders | 358 m² | 1 · 163 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2018, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| RADAJ Admir |
|
Articles of association
Who signs
Each director alone
Annual meeting
Third Friday of June at 18:00
Duration
Unlimited
Purpose
Het aanbieden van consulting en het ontwikkelen van hardware, software, databanken en algemene IT; Het aanbieden van online diensten, waaronder, maar niet beperkt tot, hosting, de…
Full purpose (13 activities)
- Het aanbieden van consulting en het ontwikkelen van hardware, software, databanken en algemene IT.
- Het aanbieden van online diensten, waaronder, maar niet beperkt tot, hosting, de toegang tot (web)portalen en/of toepassingen.
- Verstrekken van alle vormen van adviezen aan ondernemingen, welke niet door de wet voorbehouden zijn aan gespecialiseerde beroepen, zich situerend op het vlak van het management, zonder dat dit laatste beperkend mag geïnterpreteerd worden. Deze adviezen kunnen verstrekt worden onder de vorm van interim management, crisis management of nog andere denkbare vormen, zonder dat deze paragraaf beperkend geïnterpreteerd mag worden.
- Het maken van studies, het voorbereiden en op gang brengen van organisatiesystemen, het in toepassing brengen van systemen voor gegevensverwerking en alle technieken in verband met technisch, administratief, economisch en algemeen beheer van ondernemingen.
- Het verstrekken van informatie en het organiseren van colloquia of opleidingen.
- Het voeren van de algemene en/of financiële en/of administratieve/operationele directie over andere vennootschappen.
- De vennootschap kan optreden als bestuurder van andere vennootschappen. Wanneer haar bestuurder optreedt als bestuurder kan het ereloon afgestaan worden aan de vennootschap.
- Het beheren van een onroerend patrimonium en het valoriseren ervan door het stellen van alle bestuursdaden ondermeer, oprichting, aankoop, verkoop, ruilen, laten uitvoeren van bouwwerken en het ter beschikking stellen ervan; dit alles in de ruimste zin, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen, alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen.
- Het beheren van een eigen roerend patrimonium inzonderheid van het verwerven en verhandelen van effecten, de participatie in andere vennootschappen en/of ondernemingen, het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren, onder om het even welke vorm, in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden aan depositobanken, houders van deposito’s op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- De vennootschap mag obligatieleningen uitgeven en voor deze leningen alle waarborgen toestaan, zelfs gebeurlijk zakelijke panden.
- De vennootschap mag alle, met uitzondering van de wettelijk gereglementeerde, tradingactiviteiten verrichten tegen commissie of percent, voor eigen rekening of voor rekening van derden.
- Het verwerven van licenties, brevetten en octrooien, alle rechten op know-how en ontwikkelde procédés.
Legal form clause
Behouden, besloten vennootschap
Name clause
WhileLoop
Registered office clause
Vlaams Gewest, kan worden overgebracht naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het Nederlands taalgebied, door eenvoudige…
Share class
Op naam, register van aandelen op naam
Share transfer
One provision in the deed
Board rule
Één of meer bestuurders, natuurlijke personen of rechtspersonen, onbepaalde duur bij gebrek aan bepaling
Niet-statutaire bestuurders herroepbaar ad nutum, enkel algemene vergadering heeft recht om nieuwe bestuurder te benoemen vóór einde mandaat
Artikel 12. Bevoegdheden van het bestuursorgaan
Power of attorney
One provision in the deed
Meeting notice
E-mail, tenminste vijftien dagen voor de algemene vergadering
Written decision
Artikel 19. Schriftelijke algemene vergadering
Meeting access
Mag deelnemen zonder te stemmen indien enkel stemrechten geschorst
Voting rule
Schriftelijke volmacht aan ieder andere persoon, blijft geldig voor volgende vergaderingen met dezelfde agendapunten tenzij overdracht aandeelen
Voorstel verworpen, meerderheid van stemmen
Verworpen, meerderheid van stemmen
4 more provisions on this in the deed
Profit allocation
Artikel 25. Bestemming van de winst – reserve
Dissolution rule
Vereist voor statutenwijziging, algemene vergadering
Liquidation rule
Artikel 27. Vereffenaars
Liquidation distribution
Op dezelfde wijze verdeeld, naar verhouding van het aantal aandelen
General meeting
One provision in the deed
Pre-incorporation commitments
One provision in the deed
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
At incorporation
act of 27-12-2018 ↗
- RADAJ Admir sole founder · 100% at incorporation
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 22-11-2022 Converted to unavailable equity · 18,550 EUR
- 27-12-2018 Incorporation · 18,550 EUR · 100 shares
Recognitions · licences · registrations
Legal Entity Identifier
984500FAR8A37735D391
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,775. 6,274 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
Website
www.whileloop.be
Scores and ratios are computed by Checked and are not a credit decision.