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IT VULPINUS

Active
Rue Verte Voie 2 ·5590 Ciney, Belgium
KBO/BCE: BE 1007.602.445
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Belgian State Gazette acts: 0 of 1 read
Age2 yrs
Real estate1 parcel · 207 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of IT VULPINUS is 0.6% (low). The 2024 annual accounts show equity of €22k and a net result of €27k. Its solvency ranks better than 25% of 7349 sector peers (fiscal year 2024). 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.

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7349 sector peers (2024).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
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 30-10-2025, 91 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.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. 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 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 30-10-2025 91 d late 2025-00559063

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
0.6% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Higher-failure-rate region +

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€27k
Working capital€13k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 30-10-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 36.9% 65.0%
better than 25% of 7349 sector peers
Net result €27k €32k
better than 45% of 7346 sector peers
Equity €22k €58k
better than 24% of 7351 sector peers
Gross operating margin €35k €52k
better than 35% of 7340 sector peers
Total assets €59k €103k
better than 25% of 7352 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€34k
Net profit€27k
Cash flow€27k
Staff costs-
Income taxes€7k
Dividends€8k
Total assets€59k
Equity€22k
Debt€37k
of which ≤ 1y€37k
of which > 1y-
Working capital€13k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.36
Quick ratio1.36
Working capital ratio22.6%
Solvency36.9%
Debt / equity1.71
Long-term debt ratio-
Interest coverage35.32
Gross margin-
Net margin-
ROA45.4%
ROE123.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (20 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€59k
Fixed assets 21/28€8k
Tangible fixed assets 22/27€8k
Current assets 29/58€50k
Amounts receivable within one year 40/41€24k
Cash & bank 54/58€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€59k
Equity 10/15€22k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€19k
Amounts payable 17/49€37k
Amounts payable within one year 42/48€37k
Trade debts payable within one year 44€57
Income statement
Gross operating margin 9900€35k
Operating result 9901€34k
Financial charges 65€974
Result before taxes 9903€33k
Income taxes 67/77€7k
Net result for the period 9904€27k
Result to be appropriated 9905€27k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
81 / 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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
IT VULPINUS
Rue Verte Voie 2, 5590 CineyOntwerpen en programmeren van computerprogramma's
since 20242.357.656.264
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area207 m²
Buildings1
Building footprint107 m²

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.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
91030D0076/00D002 Wallonia 207 m² 1 · 107 m² -
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

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

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

Financial profile

4 of 5 axes measured
Health81Profitability100Solvency65Growth-Stability67
78 / 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 81
Profitability 100
Solvency 65
Growth -
Stability 67

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 6,029 of the 29,865 companies in this sector. 5,204 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200
Primary activity highlighted.
Names & trade names
Legal nameFR IT VULPINUS
Registered office
Rue Verte Voie 2
5590 Ciney, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.