20c · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of 20c is 0.5% (very low). The 2025 annual accounts show equity of €39k and a net result of €36k. Its solvency ranks better than 48% of 2749 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-10-2025, 15 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

There is a single filed set of accounts, closing on 31-03. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	16-10-2025	15 d early	2025-00543624

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Young company

Founded in 2024, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.5% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€36k

Working capital€32k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 16-10-2025 with the NBB · fiscal year 2025 · micro

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	59.8%	62.2%	better than 48% of 2749 sector peers
Net result	€36k	€40k	better than 47% of 2751 sector peers
Equity	€39k	€62k	better than 39% of 2750 sector peers
Gross operating margin	€62k	€63k	better than 50% of 2751 sector peers
Total assets	€65k	€121k	better than 21% of 2751 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€61k
Net profit	€36k
Cash flow	€49k
Staff costs	-
Income taxes	€12k
Dividends	-
Total assets	€65k
Equity	€39k
Debt	€26k
of which ≤ 1y	€15k
of which > 1y	€11k
Working capital	€32k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	3.14
Quick ratio	3.14
Working capital ratio	49.2%
Solvency	59.8%
Debt / equity	0.67
Long-term debt ratio	0.29
Interest coverage	58.44
Gross margin	-
Net margin	-
ROA	55.2%
ROE	92.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €18k · 27.8% Current assets €47k · 72.2%

Equity & liabilities

Equity €39k · 59.8% Debt €26k · 40.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€65k
Fixed assets	21/28	€18k
Tangible fixed assets	22/27	€18k
Current assets	29/58	€47k
Amounts receivable within one year	40/41	€14k
Cash & bank	54/58	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€65k
Equity	10/15	€39k
Contributions / capital	10/11	€3k
Reserves	13	€36k
Amounts payable	17/49	€26k
Amounts payable after one year	17	€11k
Amounts payable within one year	42/48	€15k
Income statement
Gross operating margin	9900	€62k
Operating result	9901	€49k
Financial income	75	€1
Financial charges	65	€1k
Result before taxes	9903	€48k
Income taxes	67/77	€12k
Net result for the period	9904	€36k
Result to be appropriated	9905	€36k

Ratios computed by Checked.

Health barometer

FY 2025 · computed

93 / 100 Excellent

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kortrijkseweg 2518791 Waregem

Establishment units

1 location

20c

Kortrijkseweg 251, 8791 WaregemOntwerpen en programmeren van computerprogramma's

since 20242.356.187.111

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area930 m²

Buildings1

Building footprint130 m²

Volume (LiDAR)683 m³

Tallest building10.6 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34006A0393/00X003	Flanders	930 m²	1 · 130 m²	10.6 m · 1 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

90 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 93

Profitability 100

Solvency 98

Growth -

Stability 67

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