ATHARV TECH SOLUTIONS
ActiveSummary
ATHARV TECH SOLUTIONS has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €120k and a net result of €11k. Equity is growing by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 49% of 20782 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-5
Solvency87▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 3.1 against 4.03 in 2023; short-term debt: 25.1% and cash: 72.3% of total assets), and 38.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
Sector 62
lower
← 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-07-2026, 355 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
355 d late
2023
on the day
2022
281 d late
2021
120 d late
2020
31 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€120k▲ 9.7%
2023 · €109k
2019: €33k
2020: €55k
2021: €65k
2022: €94k
2023: €109k
2019 → 2024
Total assets
€195k▲ 28.0%
2023 · €152k
2019: €55k
2020: €85k
2021: €99k
2022: €156k
2023: €152k
2019 → 2024
Net result
€11k▼ 31.5%
2023 · €15k
2019: €27k
2020: €22k
2021: €10k
2022: €29k
2023: €15k
2019 → 2024
Working capital
€103k▲ 0.9%
2023 · €102k
2019: €32k
2020: €54k
2021: €67k
2022: €88k
2023: €102k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€55k-€65k▲ 18.8%€94k▲ 44.0%€109k▲ 16.4%€120k▲ 9.7%
Operating result€29k-€15k▼ 49.8%€40k▲ 173%€23k▼ 43.9%€16k▼ 30.8%
Net result€22k-€10k▼ 52.1%€29k▲ 177%€15k▼ 46.2%€11k▼ 31.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €195k
Fixed assets
€43k ▲ 160%
Current assets
€152k ▲ 12.0%
Equity and liabilities €195k
Equity
€120k ▲ 9.7%
Debt
€75k ▲ 75.1%
Debt's share of the balance-sheet total rises from 28.1% to 38.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2023 · €27k
Cash flow
€17k▼
2023 · €20k
Current ratio
3.10▼
2023 · 4.03
Debt to equity
0.62▲
2023 · 0.39
ROE
8.8%▼
2023 · 14.1%
ROA
5.4%▼
2023 · 10.2%
Interest coverage
35.87▼
2023 · 197.95
Debt ≤ 1 year
€49k▲
2023 · €34k
Debt > 1 year
€26k▲
2023 · €9k
Income taxes
€4k▼
2023 · €7k
Staff costs
€66k▼
2023 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€152k€195k▲
Fixed assets21/28€16k€43k▲
Tangible fixed assets22/27€16k€43k▲
Furniture and vehicles24€16k€43k▲
Financial fixed assets28€360€30▼
Current assets29/58€136k€152k▲
Amounts receivable within one year40/41€31k€10k▼
Trade receivables40€31k€6k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€104k€141k▲
Deferred charges and accrued income490/1€1k€907▼
Equity and liabilities
Total equity and liabilities10/49€152k€195k▲
Equity10/15€109k€120k▲
Contributions10/11€6k€6k=
Reserves13€52k€63k▲
Distributable reserves133€52k€63k▲
Profit (loss) carried forward14€51k€51k=
Amounts payable17/49€43k€75k▲
Amounts payable after more than one year17€9k€26k▲
Financial debts170/4€9k€26k▲
Amounts payable within one year42/48€34k€49k▲
Current portion of amounts payable after more than one year42€3k€9k▲
Trade debts44€6k€18k▲
Suppliers440/4€6k€18k▲
Taxes, remuneration and social security45€20k€16k▼
Taxes450/3€14k€5k▼
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€5k€6k▲
Income statement
Code20232024
Remuneration, social security and pensions62€69k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Gross operating margin9900€96k€88k▼
Operating profit (loss)9901€23k€16k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€138€625▲
Recurring financial charges65€138€625▲
Profit (loss) for the period before taxes9903€22k€15k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€15k€11k▼
Profit (loss) for the period to be appropriated9905€15k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€62k▲
Profit (loss) brought forward from the previous period14P€44k€51k▲
Transfer to equity691/2€8k€11k▲
To other reserves6921€8k€11k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 355 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
07-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 281 days late
2023
31-12
Financial
Equity above €100kEq €109k ▲16.4%
5 profitable years in a row build equity to €109k.
2022
31-12
Financial
Highest result since 2019net €29k ▲177%
Operating result €40k, net result €29k, both a record.
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
31-12
Financial
Weakest financial yearnet €10k ▼52.1%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2019
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.
Oude Mechelsestraat 1771853 GrimbergenGround area
422 m²
Building footprint
176 m²
Volume, LiDAR
1,479 m³
2 parcels, Brussels, Flanders · tallest building 21.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ATHARV TECH SOLUTIONS
since 20192.284.621.402
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0067/00R000 | Flanders | 295 m² | 1 · 81 m² | 21.5 m · 1 fl. |
| 21906D0022/00K003 | Brussels | 127 m² | 1 · 95 m² | 15.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.