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DEFINCO

Active
Public limited companyfounded 201115 yrs activeMoorseelsesteenweg 20, 8800 Roeselare, BelgiumKBO/BCE: BE 0838.254.303
Summary

DEFINCO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.34M and a net result of €3.13M. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 55% of 4602 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2024
77 / 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▲+19
Solvency79▲+9
Growth85▲+2
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 0.37 in 2023; short-term debt: 14.9% and cash: 0.3% of total assets), and 46% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
lowers riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
54%
Return on assets
11.8%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 15 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
42 d early
2023
33 d early
2022
46 d early
2021
13 d early
2020
33 d early
2019
32 d early
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover
€6.26M▲ 58.7%
2023 · €3.94M
2018: €1.74M 2019: €1.83M 2020: €2.16M 2021: €4.12M 2022: €3.77M 2023: €3.94M
2018 → 2024
EBIT margin
5.3%▼ 7.2pp
2023 · 12.4%
2018: -4.7% 2019: 7.3% 2020: 6.6% 2021: 12.3% 2022: 1.7% 2023: 12.4%
2018 → 2024
Net result
€3.13M▲ 980%
2023 · €290k
2018: €-647k 2019: €-88k 2020: €-82k 2021: €294k 2022: €-136k 2023: €290k
2018 → 2024
Working capital
€529k
2023 · €-3.93M
2018: €-871k 2019: €5.82M 2020: €5.53M 2021: €5.71M 2022: €-1.74M 2023: €-3.93M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€2.16M-€4.12M▲ 90.9%€3.77M▼ 8.5%€3.94M▲ 4.5%€6.26M▲ 58.7%
Equity€10.77M-€11.06M▲ 2.7%€10.92M▼ 1.2%€11.21M▲ 2.7%€14.34M▲ 27.9%
Operating result€142k-€506k▲ 256%€64k▼ 87.4%€490k▲ 671%€330k▼ 32.7%
Net result€-82k-€294k€-136k€290k€3.13M▲ 980%
Result per fiscal year
Operating resultNet result
€-1.00M€0€1.00M€2.00M€3.00MOperating result 2020: €142k€142kNet result 2020: €-82k€-82kOperating result 2021: €506k€506kNet result 2021: €294k€294kOperating result 2022: €64k€64kNet result 2022: €-136k€-136kOperating result 2023: €490k€490kNet result 2023: €290k€290kOperating result 2024: €330k€330kNet result 2024: €3.13M€3.13M20202021202220232024€-1M€0€1M€2M€3MOperating result 2022: €64k€64kNet result 2022: €-136k€-136kOperating result 2023: €490k€490kNet result 2023: €290k€290kOperating result 2024: €330k€330kNet result 2024: €3.13M€3.1M202220232024
The operating result falls in 2024; 2024 is 33% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26.54M
Fixed assets €22.04M ▼ 2.0%
Current assets €4.49M ▲ 91.3%
Equity and liabilities €26.54M
Equity €14.34M ▲ 27.9%
Debt €12.20M ▼ 10.5%
Debt's share of the balance-sheet total falls from 54.9% to 46.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€954k
2023 · €491k
Cash flow
€3.75M
2023 · €291k
Current ratio
1.13
2023 · 0.37
Debt to equity
0.85
2023 · 1.22
ROE
21.8%
2023 · 2.6%
ROA
11.8%
2023 · 1.2%
Interest coverage
2.29
2023 · 1.19
Debt ≤ 1 year
€3.97M
2023 · €6.28M
Debt > 1 year
€8.16M
2023 · €7.24M
Income taxes
€361
2023 · €298
Staff costs
€537k
2023 · €524k
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 · 72 lines
Balance sheet Code20232024
Assets
Total assets20/58€24.84M€26.54M
Fixed assets21/28€22.49M€22.04M
Tangible fixed assets22/27€3.00M€2.54M
Land and buildings22€29k€881k
Furniture and vehicles24€0-
Other tangible fixed assets26€2.97M€1.65M
Financial fixed assets28€19.50M€19.51M
Affiliated companies280/1€19.50M€19.51M
Participating interests280€15.24M€15.24M=
Amounts receivable281€4.26M€4.27M
Current assets29/58€2.35M€4.49M
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.75M€4.41M
Trade receivables40€1.42M€1.66M
Other amounts receivable41€328k€2.75M
Cash at bank and in hand54/58€599k€85k
Deferred charges and accrued income490/1€406€416
Equity and liabilities
Total equity and liabilities10/49€24.84M€26.54M
Equity10/15€11.21M€14.34M
Contributions10/11€9.74M€9.74M=
Capital10€9.74M€9.74M=
Issued capital100€9.74M€9.74M=
Reserves13€1.48M€4.60M
Non-distributable reserves130/1€320k€476k
Legal reserve130€320k€476k
Distributable reserves133€1.16M€4.13M
Amounts payable17/49€13.63M€12.20M
Amounts payable after more than one year17€7.24M€8.16M
Financial debts170/4€6.30M€7.22M
Subordinated loans170€6.00M€6.00M=
Credit institutions173€304k€1.22M
Other amounts payable178/9€940k€938k
Amounts payable within one year42/48€6.28M€3.97M
Current portion of amounts payable after more than one year42€44k€223k
Trade debts44€539k€1.16M
Suppliers440/4€539k€1.16M
Taxes, remuneration and social security45€109k€124k
Taxes450/3€16k€18k
Remuneration and social security454/9€93k€106k
Other amounts payable47/48€5.59M€2.45M
Accrued charges and deferred income492/3€107k€75k
Income statement Code20232024
Operating income70/76A€3.97M€6.28M
Turnover70€3.94M€6.26M
Other operating income74€10k€9k
Non-recurring operating income76A€13k€13k=
Operating charges60/66A€3.48M€5.95M
Services and other goods61€2.95M€4.79M
Remuneration, social security and pensions62€524k€537k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€624k
Other operating charges640/8€1k€1k
Non-recurring operating charges66A€0-
Operating profit (loss)9901€490k€330k
Financial income75/76B€214k€3.23M
Recurring financial income75€214k€3.23M
Income from financial fixed assets750€208k€3.21M
Other financial income752/9€5k€12k
Financial charges65/66B€414k€428k
Recurring financial charges65€414k€428k
Debt charges650€413k€416k
Other financial charges652/9€2k€12k
Profit (loss) for the period before taxes9903€290k€3.13M
Income taxes67/77€298€361
Taxes670/3€298€361
Profit (loss) for the period9904€290k€3.13M
Profit (loss) for the period to be appropriated9905€290k€3.13M
Appropriation of the result
Profit (loss) to be appropriated9906€290k€3.13M
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€290k€3.13M
To the legal reserve6920€14k€156k
To other reserves6921€275k€2.97M
Social balance
Average headcount (FTE)90877.97.5

The notes to these accounts (80 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

2026
18-08
State Gazette act Appointment: Auditas Bedrijfsrevisoren BV (statutory auditor)
Permanent representative: Sven Vansteelant3 facts ▸
  • General meeting, 10-08-2026
  • Auditor appointment, Auditas Bedrijfsrevisoren BV (statutory auditor)
  • Permanent representative, Sven Vansteelant
09-01
State Gazette act Permanent representative: Sven Vansteelant
2 facts ▸
  • Board meeting, 04-12-2025
  • Permanent representative, Sven Vansteelant
2025
20-11
State Gazette act Resignations: CLAREBOUT (non-statutory director) and Jan Clarebout (permanent representative)
Appointment: PERUNA (non-statutory director) · Permanent representative: Jan Clarebout · Mandate compensation7 facts ▸
  • General meeting, 01-10-2025
  • Director resignation, CLAREBOUT (non-statutory director)
  • Director resignation, Jan Clarebout (permanent representative)
  • Director appointment, PERUNA (non-statutory director)
  • Mandate compensation, PERUNA
  • Permanent representative, Jan Clarebout
  • Power of attorney, TITECA
19-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Highest result since 2018net €3.13M ▲980%
Net result €3.13M, the highest in the series.
31-12
Financial Liquidity triplescurrent ratio 1.13
Current ratio from 0.37 to 1.13; short-term debt falls from €6.28M to €3.97M.
28-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
07-05
State Gazette act Reappointment: Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Stephanie Libbrecht3 facts ▸
  • General meeting, 12-12-2023
  • Auditor reappointment, Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Stephanie Libbrecht
2023
31-12
Financial Back to profitnet €290k
Net result €290k after one loss-making year.
10-07
State Gazette act Reappointments: DEWULF INVEST, COMTI and 2 others
Permanent representatives: Decramer Hendrik, Decan Thomas and Clarebout Jan · Statutes amendment · Share structure change13 facts ▸
  • General meeting, 28-06-2023
  • Statutes amendment
  • Director reappointment, DEWULF INVEST (director)
  • Permanent representative, Decramer Hendrik
  • Director reappointment, COMTI (director)
  • Permanent representative, Decan Thomas
  • Director reappointment, CLAREBOUT (director)
  • Permanent representative, Clarebout Jan
  • Director reappointment, Clarebout Gilles (director)
  • Board meeting, 28-06-2023
  • Director reappointment, DEWULF INVEST (managing director)
  • Share structure change, Abolition of the different types of shares
  • +1 further facts in this act
15-06
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
18-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Show earlier events
2021
31-12
Financial Back to profitnet €294k
Net result €294k after 3 loss-making years.
28-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
22-07
State Gazette act Reappointment: BV Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sveri Vansteelant3 facts ▸
  • General meeting, 04-06-2020
  • Auditor reappointment, BV Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sveri Vansteelant
29-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial Liquidity times 8current ratio 3.94
Current ratio from 0.49 to 3.94.
31-12
Financial Equity above €10MEq €10.85M ▲141%
Equity rises from €4.50M to €10.85M.
19-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
24-04
State Gazette act Resignations: Rika Dewulf, KAFINCO and 2 others
Appointments: Dewulf Invest, Gilles Clarebout and Clarebout · Permanent representatives: Hendrik Decramer, Jan Clarebout and 2 others · Reappointment: COMTI (director)14 facts ▸
  • General meeting, 28-03-2019
  • Director resignation, Rika Dewulf (director)
  • Director resignation, KAFINCO (director)
  • Director resignation, CAZENEUVE (director)
  • Director resignation, MOOSERWIRT (director)
  • Director appointment, Dewulf Invest (director)
  • Permanent representative, Hendrik Decramer
  • Director appointment, Gilles Clarebout (director)
  • Director appointment, Clarebout (director)
  • Permanent representative, Jan Clarebout
  • Director reappointment, COMTI (director)
  • Permanent representative, Thomas Decan
  • +2 further facts in this act
16-04
State Gazette act Restructuring
Approval · Director discharge · Demerger14 facts ▸
  • General meeting, 08-03-2019
  • Approval, 08-03-2019
  • Director discharge, HENKAWILISA (director)
  • Demerger, 08-03-2019
  • Net-asset statement, 08-03-2019
  • Share issue, 824, vergoding splitsing
  • Accounting effect, 01-01-2019
  • Capital decrease, €-4.189.202,48
  • Capital, €616.923,52
  • Capital increase, €4.189.202,48
  • Capital increase, €1.542.479,79
  • Capital, €9.738.295,14
  • +2 further facts in this act
16-01
State Gazette act Restructuring
Demerger · Capital · Share issue6 facts ▸
  • Demerger, partielle splitsing door overname
  • Capital, €4.806.126,01
  • Capital, €4.006.612,87
  • Share issue, nieuwe aandelen, 2380
  • Accounting effect, 01-01-2019
  • Net-asset statement, 30-09-2018
2018
05-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
28-05
State Gazette act Appointment: Rika Dewulf (director)
2 facts ▸
  • General meeting, 08-03-2018
  • Director appointment, Rika Dewulf (director)
2017
15-12
State Gazette act Appointment: BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
Permanent representative: Sven Vansteelant3 facts ▸
  • General meeting, 12-09-2017
  • Auditor appointment, BV ovve CVBA Auditas Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Sven Vansteelant
27-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2015
10-09
State Gazette act Restructuring
Demerger · Capital decrease · Statutes amendment4 facts ▸
  • Board meeting, 20-05-2015
  • Demerger, partiële splitsing door oprichting nieuwe vennootschap, inbreng in natura
  • Capital decrease, €4.806.126,01
  • Statutes amendment
26-06
State Gazette act Restructuring
Merger · Accounting effect · Split proposal date11 facts ▸
  • Merger, partial split, 1:1
  • Accounting effect, 01-01-2015
  • Split proposal date, 20-05-2015
  • Shareholder, Moosewirt
  • Shareholder, Cazeneuve
  • Shareholder, Comti
  • Shareholder, Kafinco
  • Bare ownership, naakte eigendom op aandelen
  • Usufruct, vruchtgebruik op aandelen
  • Shareholding, aandelen (familiaal patrimonium)
  • Asset transfer, aandelen DEWULF NV en TRAPEGEER NV (familiaal patrimonium)
2013
07-08
State Gazette act Resignations: MOOSERWIRT, KAFINCO and 2 others
Appointments: MOOSERWIRT, KAFINCO and 2 others · Permanent representatives: Hendrik DECRAMER, Karel DECRAMER and 2 others · Legal-form conversion25 facts ▸
  • General meeting, 04-06-2013
  • Legal-form conversion, besloten vennootschap met beperkte aansprakelijkheid naar naamloze vennootschap
  • Purpose change, a)het investeren en verhuren van materieel; b)de aankoop en verkoop van ICT hardware. Verhuren van ICT hardware en ICT infrastructuur. Verlenen van ICT diensten…
  • Capital, €8.812.738,88
  • Net-asset statement, 31-03-2013
  • Director resignation, MOOSERWIRT (manager)
  • Director resignation, KAFINCO (manager)
  • Director resignation, CAZENEUVE (manager)
  • Director resignation, COMTI (manager)
  • Director discharge, MOOSERWIRT
  • Director discharge, KAFINCO
  • Director discharge, CAZENEUVE
  • +13 further facts in this act
2011
16-08
State Gazette act Incorporation
Appointments: MOOSERWIRT, KAFINCO and 2 others · Founding capital · Share issue9 facts ▸
  • Incorporation, 11-07-2011
  • Founding capital, €8.812.738,88
  • Share issue, 8.812 aandelen van de Besloten Vennootschap met Beperkte Aansprakelijkheid "Definco", zonder vermelding van nominale waarde.
  • Director appointment, MOOSERWIRT (manager)
  • Director appointment, KAFINCO (manager)
  • Director appointment, CAZENEUVE (manager)
  • Director appointment, COMTI (manager)
  • Power of attorney, Karel Hubert Maarten DECRAMER
  • Contribution in natura
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
8 directors, no change since 2025
PERUNA
Non-statutory director · since 01-10-2025 · Legal entity · perm. rep.: Jan Clarebout
Current
CLAREBOUT
Director · since 28-03-2019 · Public limited company · perm. rep.: Clarebout Jan
Current
Clarebout Gilles
Director · since 28-03-2019
Current
Dewulf Invest
Director · since 28-03-2019 · Public limited company · perm. rep.: Decramer Hendrik
Current
SOLID
Director · since 04-06-2013 · Private limited company · perm. rep.: Decan Thomas
Current
CAZENEUVE
Director · since 04-06-2013 · Private limited company · perm. rep.: Willem DECRAMER
Not recently confirmed
2 other directors
KAFINCO
Director · since 04-06-2013 · Private limited company · perm. rep.: Karel DECRAMER
Not recently confirmed
MOOSERWIRT
Director · since 04-06-2013 · Private limited company · perm. rep.: Hendrik DECRAMER
Not recently confirmed
01-10-2025 PERUNA: Appointed as Non-statutory director
01-10-2025 CLAREBOUT: Resigned as Non-statutory director
01-10-2025 Clarebout Jan: Resigned as Permanent representative
28-03-2019 CLAREBOUT: Appointed as Director
28-03-2019 Clarebout Gilles: Appointed as Director
Full history in the Timeline (26 changes) →
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2011
establishment The establishment unit on the map
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.

Moorseelsesteenweg 208800 Roeselare
Ground area
2.6 ha
Building footprint
1.0 ha
Volume, LiDAR
70,752 m³
Parcel 36302B1698/00P002, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEFINCO
Moorseelsesteenweg 20, 8800 RoeselareHoldings
since 20112.202.643.336
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36302B1698/00P002 Flanders 2.6 ha 1 · 1.0 ha 12.9 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.

Statutory auditor

1 auditor
AUDITAS BEDRIJFSREVISORENCurrent
Statutory auditor · represented by Stephanie Libbrecht
12-12-2023 → present
Show 2 earlier auditors
AUDITAS BEDRIJFSREVISOREN BV
Statutory auditor · represented by Sven Vansteelant
succeeded by AUDITAS BEDRIJFSREVISOREN in 2023
04-06-2020 → 12-12-2023
BV ovve CVBA AUDITAS BEDRIJFSREVISOREN
Statutory auditor · represented by Sven Vansteelant
succeeded by AUDITAS BEDRIJFSREVISOREN BV in 2020
12-09-2017 → 04-06-2020

Articles of association

Purpose
De vennootschap heeft tot doel: a) het investeren en verhuren van materieel; b) de aankoop en verkoop van ICT hardware. Verhuren van ICT hardware en ICT infrastructuur. Verlenen…
Full purpose

De vennootschap heeft tot doel: a) het investeren en verhuren van materieel; b) de aankoop en verkoop van ICT hardware. Verhuren van ICT hardware en ICT infrastructuur. Verlenen van ICT diensten; ... De vennootschap zal zich dienen te onthouden van werkzaamheden die onderworpen zijn aan reglementaire bepalingen voor zover de vennootschap zelf niet aan deze bepalingen voldoet.

Structure & network

Connections & network

4 connected companies

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1
4 locations

Acquisitions and mergers

2 transactions
Received in a demerger part of:HENKAWILISA
BE 0635.763.932partial demerger · State Gazette act of 16-04-2019 (2 acts) · effective 08-03-2019
Split off to:HENKAWILISA
BE 0635.763.932partial demerger · State Gazette act of 10-09-2015 (2 acts)

Capital and shareholders

Capital over the years
  1. 16-04-2019 Capital increase of 4,189,202.48 EUR · to 8,195,815.35 EUR · 824 new shares
  2. 16-04-2019 Capital increase of 1,542,479.79 EUR · to 9,738,295.14 EUR · from reserves
  3. 16-01-2019 Capital stated in the act · 4,006,612.87 EUR · 576 shares
  4. 10-09-2015 Capital reduction of 4,806,126.01 EUR · to 4,006,612.87 EUR
  5. 07-08-2013 Capital stated in the act · 8,812,738.88 EUR · 576 shares
  6. 16-08-2011 Incorporation · 8,812,738.88 EUR · 8,812 shares

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 2,558 EUR paid
Year Entries awardedpaid
2023 1 0 EUR2,558 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
1 entry · 2,558 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

549300PSOX6D7UB0Q066
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 740 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 formPublic limited company
Founded11-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.