Equity
€1.3m from €2.8m in 2020
Equity fell by 54% in 5 years.
Wortell Belgium
Lifetime
20 annual accounts with figures on one time axispeak €5.9m (2020)
€5.4m▲ 2.0%
lowest -€1.1m (2022)
€396,871▲ 94.9%
peak €2.8m (2020)
€1.3m▲ 43.5%
€2.5m▼ 0.8%
peak 62.6 FTE (2023)
48.3 FTE▼ 0.2%
Board29 names since 2006all names
2 directorsJoost Dankers and 1 other
Owners7 names in the annual accountsall names
consolidatesWortell MCMXCVII B.V.
Documentsfilings and deeds
09-06-202652 days before the deadline
2025financial year
Result from €203,677 to €396,871New chair of the board and managing director 09-04Equity from €912,518 to €1.3mCash from €621,203 to €1.1m
Key points
from the 2025 annual accountsResult
€396,871 ▲ 94.9%
The result rose in 2025: different schema filed.
Investments
€86,924 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
50 employees on 31-12-2025
In 2025, 11 people joined and 8 left.
Filings
20 annual accounts since 2006
The last five annual accounts were filed 47 to 76 days before the end of the period.
At the same address
45 companies
Checked score
96
Excellent
Financially stronger than 66% of small 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: 0.2% across 1,168 companies (NACE 62, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%highest value
01-2025: 0.9%● unchanged vs 12-2024highest value
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.7%▼ -0.2 percentage points vs 04-2025
06-2025: 0.8%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%▼ -0.6 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged 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 strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.48, cash €1.1m
Figures for financial year 2025 (filed on 09-06-2026)
Sector: Computer programming, consultancy and related activities (NACE 62)
Profit of €396,871 (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, small). It does better than 43% of them on solvency, 65% on liquidity, 75% on profitability and 80% 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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as Wortell Belgium has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Wortell Belgium 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.
| 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 20,137 companies, not a prediction for Wortell Belgium. 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 €120,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.48 (1.23 in 2024), below the usual 1.5. Short-term debt is 62.2% and cash 29.5% of total assets. 65.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.3m
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
56 days early
2023
47 days early
2022
76 days early
2021
67 days early
2020
75 days early
2019
65 days early
← 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 63 days before 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 5 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- WORTELL GROUP B.V. 54.12%annual accounts 2023
- Wortell MCMXCVII B.V. consolidatesannual accounts 2025
- WORTELL GROUP BELGIUM 45.89%equity €289,738 (2024) · 18-12-2024 annual accounts of WORTELL GROUP BELGIUM
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879683397
New chair of the board and managing director
Danny Burlage appointed, Wortell Group Belgium resigned · Permanent representative: Danny Burlage · Board meeting of 18-12-2024 · Gazette deed
Reappointment: Baker Tilly Bedrijfsrevisoren bv (statutory auditor)
Permanent representative: Danny Burlage · General meeting of 12-06-2024 · Gazette deed
Capital increase · Amendment of the articles
Capital from €2,005,000 to €2,260,000, 1,020 new shares · Capital after the increase: €2,260,000 · Capital from €2,260,000 to €1,382,450 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Wortell Belgium: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €3.1m and €4.1m, founded between 1999 and 2009.
Official details
Source: KBO- Status
- Active since 01-03-2006Normal situation
- Registered office
- 46 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.298.139.9359000 Ghent, since 01-01-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 10-07-2026
Annual accounts 2025
- ≈ €13.0mestimated
- €3.8m▲ 11.0%
- Employeeson 31-12-2025
- 50▲ 6.4%
- Filing
- Filed on 09-06-2026, 52 days before the end of the filing period
Insights on Wortell Belgium
Wortell Belgium has existed since 2006. The gross margin grew from €1.3m in 2006 to €5.4m in 2025 and staff from 8.3 to 48.3 full-time equivalents.
Solvency rose in 2025 from 26.6% to 34.4% because of the retained profit.
WORTELL GROUP B.V. holds 54.12% of the shares. In April 2025, the Official Gazette published the appointment of Danny Burlage as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Wortell Belgium
- What is the company number of Wortell Belgium?
- The company number of Wortell Belgium is 0879.683.397. The VAT number is the same number with BE in front: BE 0879.683.397.
- Where is Wortell Belgium based?
- The registered office is at Sluisweg 1, 9000 Ghent.Company details
- What does Wortell Belgium do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of Wortell Belgium?
- Wortell Belgium is a public limited company (NV).
- When was Wortell Belgium founded?
- Wortell Belgium was founded on 01-03-2006.
- Is Wortell Belgium still active?
- Yes, Wortell Belgium is an active enterprise in the KBO register.
- How many employees does Wortell Belgium have?
- Wortell Belgium had an average of 48.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Wortell Belgium fall under?
- In its 2025 annual accounts, Wortell Belgium states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Wortell Belgium?
- The turnover in financial year 2025 is ≈ €13.0m. This figure is estimated from the gross margin of €5.4m and 117 comparable companies (NACE 62200). It probably lies between €10.0m and €19.0m. In financial year 2023 turnover was €12.1m.
- Is Wortell Belgium profitable?
- In financial year 2025, Wortell Belgium made a profit of €396,871.
- Where can I find the annual accounts of Wortell Belgium?
- Wortell Belgium filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Wortell Belgium due?
- Wortell Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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