IT SIMPLY WORKS
ActiveSummary
IT SIMPLY WORKS has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €34k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 17043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
98
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+6
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.8 against 2.57 in 2024; short-term debt: 19.2% and cash: 54.7% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
80.4%
Return on assets
52.9%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
19202122232425
2019 to 2025 · latest year €52k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 24-10-2025, 99 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
99 d early
2024
on the day
2023
2 d early
2022
on the day
2021
on the day
2020
2 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€52k▲ 179%
2024 · €19k
2019: €47k
2020: €59k
2021: €62k
2022: €46k
2023: €26k
2024: €19k
2019 → 2025
Total assets
€64k▲ 138%
2024 · €27k
2019: €71k
2020: €79k
2021: €79k
2022: €55k
2023: €27k
2024: €27k
2019 → 2025
Net result
€34k▲ 109%
2024 · €16k
2019: €12k
2020: €13k
2021: €13k
2022: €-16k
2023: €-20k
2024: €16k
2019 → 2025
Working capital
€47k▲ 298%
2024 · €12k
2019: €34k
2020: €34k
2021: €36k
2022: €21k
2023: €13k
2024: €12k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€46k▼ 25.8%€26k▼ 42.9%€19k▼ 29.5%€52k▲ 179%
Operating result€17k-€-16k€-20k▼ 29.6%€18k€45k▲ 158%
Net result€13k-€-16k€-20k▼ 23.6%€16k€34k▲ 109%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 158% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€5k ▼ 35.0%
Current assets
€59k ▲ 207%
Equity and liabilities €64k
Equity
€52k ▲ 179%
Debt
€13k ▲ 49.9%
Debt's share of the balance-sheet total falls from 31.2% to 19.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50k▲
2024 · €24k
Cash flow
€39k▲
2024 · €23k
Current ratio
4.80▲
2024 · 2.57
Debt to equity
0.24▼
2024 · 0.45
ROE
65.8%▼
2024 · 87.5%
ROA
52.9%▼
2024 · 60.2%
Interest coverage
29.45▲
2024 · 18.01
Debt ≤ 1 year
€12k▲
2024 · €8k
Income taxes
€10k▲
2024 · €130
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 · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27k€64k▲
Fixed assets21/28€8k€5k▼
Intangible fixed assets21€6k€3k▼
Tangible fixed assets22/27€1k€2k▲
Furniture and vehicles24€843€2k▲
Other tangible fixed assets26€452€381▼
Current assets29/58€19k€59k▲
Amounts receivable within one year40/41€13k€16k▲
Trade receivables40€12k€2k▼
Other amounts receivable41€614€13k▲
Cash at bank and in hand54/58€3k€35k▲
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€27k€64k▲
Equity10/15€19k€52k▲
Contributions10/11€1€1=
Reserves13€24k€52k▲
Distributable reserves133€24k€52k▲
Profit (loss) carried forward14€-6k€0▲
Amounts payable17/49€8k€13k▲
Amounts payable within one year42/48€8k€12k▲
Trade debts44€517€1k▲
Suppliers440/4€517€1k▲
Taxes, remuneration and social security45€250€4k▲
Taxes450/3€250€4k▲
Other amounts payable47/48€7k€7k▲
Accrued charges and deferred income492/3€894€264▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€595€1k▲
Gross operating margin9900€25k€51k▲
Operating profit (loss)9901€18k€45k▲
Financial income75/76B€167€308▲
Recurring financial income75€167€308▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€16k€44k▲
Income taxes67/77€130€10k▲
Profit (loss) for the period9904€16k€34k▲
Profit (loss) for the period to be appropriated9905€16k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€28k▲
Profit (loss) brought forward from the previous period14P€-22k€-6k▲
Transfer from equity791/2€24k€859▼
Transfer to equity691/2-€28k
To other reserves6921-€28k
Profit to be distributed694/7€24k€859▼
Return on contributions (dividend)694€24k€859▼
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
Next filing, fiscal year 2026, expected by
2025
24-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €34k ▲109%
Operating result €45k, net result €34k, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 5current ratio 17.16
Current ratio from 3.57 to 17.16; short-term debt falls from €8k to €834.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Mechelen · 1 establishment unit since 2012
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.
Tiendenschuurstraat(LST) 52811 MechelenGround area
398 m²
Building footprint
203 m²
Volume, LiDAR
1,121 m³
Parcel 12020C0333/00L000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tiendenschuurstraat(LST) 5, 2811 Mechelen
since 20122.211.856.752
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12020C0333/00L000 | Flanders | 398 m² | 1 · 203 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SWYZEN
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Of 16,884 companies in sector 62100 we hold annual accounts for 8,775. 6,813 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
Founded16-07-2012
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.