BADCODE
Annual accounts 2025
micro format, filed on 29-04-2026, 93 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €250,000.
Balance sheet
balance sheet total €225,324 on 31-12-2025in euro
in euro
Position in the sector
86.2%
Higher than 91% of 35,156 companies in 2025.
6.02
Higher than 88% of 34,529 companies in 2025.
1.3%
Higher than 29% of 34,730 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
225,324 | 223,325 | 162,395 | 85,300 | 165,431 | 81,241 | 45,968 | 8,366 | 14,384 | 18,789 | 34,850 | |
21/28 |
38,711 | 54,966 | 1,632 | 891 | 2,662 | 2,944 | 1,379 | - | - | - | 79 | |
22/27 |
38,711 | 54,966 | 1,632 | 891 | 2,662 | 2,944 | 1,379 | - | - | - | - | |
24 |
38,711 | 54,966 | 1,632 | 891 | 2,662 | 2,944 | 1,379 | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | 79 | |
29/58 |
186,613 | 168,359 | 160,763 | 84,409 | 162,769 | 78,297 | 44,589 | 8,366 | 14,384 | 18,789 | 34,771 | |
40/41 |
61,099 | 97,655 | 43,394 | 33,833 | 41,174 | 5,342 | 15,154 | 479 | 2,845 | 2,551 | 2,780 | |
40 |
- | 45,131 | 5,107 | 5,107 | 41,174 | 5,107 | 14,919 | 244 | - | 241 | 1,214 | |
41 |
61,099 | 52,524 | 38,287 | 28,726 | - | 235 | 235 | 235 | 2,845 | 2,310 | 1,566 | |
54/58 |
114,411 | 70,704 | 117,369 | 50,576 | 121,595 | 72,954 | 29,435 | 7,886 | 11,540 | 16,238 | 31,991 | |
490/1 |
11,103 | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
225,324 | 223,325 | 162,395 | 85,300 | 165,431 | 81,241 | 45,968 | 8,366 | 14,384 | 18,789 | 34,850 | |
10/15 |
194,313 | 191,470 | 136,041 | 74,509 | 66,247 | 63,615 | 30,709 | 3,060 | 7,217 | 10,514 | 20,536 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | |
1109/19 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | |
13 |
187,558 | 184,715 | 129,286 | 67,754 | 59,492 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
133 |
185,698 | 182,855 | 127,426 | 65,894 | 57,632 | - | - | - | - | - | - | |
14 |
555 | 555 | 555 | 555 | 555 | 55,555 | 22,649 | -5,000 | -843 | 2,454 | 12,476 | |
17/49 |
31,012 | 31,855 | 26,353 | 10,790 | 99,184 | 17,626 | 15,259 | 5,306 | 7,168 | 8,275 | 14,314 | |
42/48 |
31,012 | 31,855 | 26,353 | 10,790 | 99,184 | 17,626 | 15,259 | 5,306 | 7,168 | 8,275 | 14,314 | |
44 |
27,012 | 3,194 | 9,051 | 1,072 | 2,084 | 1,161 | 4,128 | 15 | 488 | 149 | 1,483 | |
440/4 |
27,012 | 3,194 | 9,051 | 1,072 | 2,084 | 1,161 | 4,128 | 15 | 488 | 149 | 1,483 | |
45 |
4,000 | 28,661 | 17,302 | 9,719 | 35,402 | 15,400 | 10,780 | - | - | - | 5,101 | |
450/3 |
844 | 22,385 | 7,990 | 6,664 | 29,325 | 12,365 | 10,780 | - | - | - | 5,101 | |
454/9 |
3,156 | 6,275 | 9,312 | 3,055 | 6,077 | 3,035 | - | - | - | - | - | |
47/48 |
- | - | - | - | 61,698 | 1,065 | 352 | 5,291 | 6,680 | 8,126 | 7,730 | |
| Income statement | ||||||||||||
9900 |
35,198 | 89,196 | 73,416 | 21,702 | 75,610 | 42,173 | 34,002 | -3,756 | -2,872 | -9,451 | 21,084 | |
630 |
16,255 | 8,797 | 961 | 1,771 | 2,233 | 1,816 | 689 | - | - | - | 869 | |
640/8 |
101 | 567 | 1,444 | 1,019 | 348 | 348 | 348 | 348 | 348 | 530 | 695 | |
9901 |
18,842 | 79,832 | 71,011 | 18,911 | 73,030 | 40,009 | 32,966 | -4,103 | -3,219 | -9,981 | 19,519 | |
75/76B |
6,066 | 3,527 | 2,129 | 792 | 120 | 16 | - | - | - | 2 | 10 | |
75 |
6,066 | 3,527 | 2,129 | 792 | 120 | 16 | - | - | - | 2 | 10 | |
65/66B |
214 | 381 | 1,658 | 650 | 75 | 72 | 317 | 54 | 79 | 43 | 90 | |
65 |
214 | 381 | 1,658 | 650 | 75 | 72 | 317 | 54 | 79 | 43 | 90 | |
9903 |
24,694 | 82,978 | 71,482 | 19,054 | 73,074 | 39,953 | 32,649 | -4,157 | -3,298 | -10,022 | 19,440 | |
67/77 |
21,852 | 27,549 | 9,950 | 10,791 | 15,442 | 7,047 | 5,000 | - | - | - | 5,103 | |
9904 |
2,842 | 55,429 | 61,532 | 8,263 | 57,632 | 32,906 | 27,649 | -4,157 | -3,298 | -10,022 | 14,336 | |
9905 |
2,842 | 55,429 | 61,532 | 8,263 | 57,632 | 32,906 | 27,649 | -4,157 | -3,298 | -10,022 | 14,336 | |
| Appropriation of the result | ||||||||||||
9906 |
3,397 | 55,984 | 62,087 | 8,818 | 113,187 | 55,555 | 22,649 | -5,000 | -843 | 2,454 | 14,336 | |
14P |
555 | 555 | 555 | 555 | - | - | - | - | - | - | - | |
691/2 |
2,842 | 55,429 | 61,532 | 8,263 | 57,632 | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
2,842 | 55,429 | 61,532 | 8,263 | 57,632 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 55,000 | - | - | - | - | - | - | |
694 |
- | - | - | - | 55,000 | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-04-2026 | 2026-00092926 | |
| 31-12-2024 | micro format | 26-05-2025 | 2025-00105095 | |
| 31-12-2023 | micro format | 24-04-2024 | 2024-00067488 | |
| 31-12-2022 | micro format | 09-03-2023 | 2023-00037323 | |
| 31-12-2021 | micro format | 25-03-2022 | 2022-08900042 | |
| 31-12-2020 | micro format | 26-04-2021 | 2021-11700402 | |
| 31-12-2019 | full format | 12-05-2020 | 2020-12100464 | |
| 31-12-2018 | full format | 08-05-2019 | 2019-12700348 | |
| 31-12-2017 | full format | 12-03-2018 | 2018-06700046 | |
| 31-12-2016 | full format | 12-05-2017 | 2017-12000190 | |
| 31-12-2015 | full format | 28-04-2016 | 2016-11400273 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 35,097 | 88,629 | 71,972 | 20,682 | 75,262 | 41,826 | 33,655 | - | - | - | 20,389 | ||
| 19,097 | 64,226 | 62,493 | 10,034 | 59,864 | 34,723 | 28,338 | - | - | - | 15,206 | ||
| 0 | 62,131 | 1,702 | 0 | 1,950 | 3,382 | 2,068 | - | - | - | 79 | ||
| 43,707 | -46,665 | 66,794 | -71,020 | 48,641 | 43,519 | 21,549 | -3,653 | -4,698 | -15,753 | - | ||
| 155,601 | 136,504 | 134,410 | 73,618 | 63,585 | 60,671 | 29,330 | 3,060 | 7,217 | 10,514 | 20,457 | ||
| 86.2% | 85.7% | 83.8% | 87.4% | 40.0% | 78.3% | 66.8% | 36.6% | 50.2% | 56.0% | 58.9% | ||
| 6.02 | 5.29 | 6.10 | 7.82 | 1.64 | 4.44 | 2.92 | 1.58 | 2.01 | 2.27 | 2.43 | ||
| 0.16 | 0.17 | 0.19 | 0.14 | 1.50 | 0.28 | 0.50 | 1.73 | 0.99 | 0.79 | 0.70 | ||
| 1.5% | 28.9% | 45.2% | 11.1% | 87.0% | 51.7% | 90.0% | -135.9% | -45.7% | -95.3% | 69.8% | ||
| 1.3% | 24.8% | 37.9% | 9.7% | 34.8% | 40.5% | 60.1% | -49.7% | -22.9% | -53.3% | 41.1% | ||
| over 100 | over 100 | 43.41 | 31.83 | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €62,131 | €1,702 | - |
| €16,255 | €8,797 | €961 | €1,771 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on BADCODE
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2018.
Debt's share of the balance-sheet total falls from 14.3% to 13.8%. Equity is higher and debt is lower.