Equity
Equity fell below zero in 2023.
Equity fell below zero in 2023.
Every financial year from 2021 to 2024 closed with a deficit. 2023 was the heaviest.
Of this, €1.6m falls due within a year.
In 2024, 20 people joined and 20 left.
Short-term debts fell from €1.7m to €1.6m.
The 2020 accounts came 356 days late. The other four were filed on time.
The KBO lists the legal status of BeCode as dissolution or liquidation, with no start date. The company was dissolved and put into liquidation. The liquidator is Jerome Henri. The 2024 annual accounts show negative equity (-€1.4m) and a net result of -€706,272.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.9m. Estimated: probably between €2.0m and €4.8m.
Lower than 95% of 803 companies in 2024.
Lower than 95% of 800 companies in 2024.
Lower than 95% of 803 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2024, 20 people joined and 20 left. Training hours in 2024: 951.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
790,523 | 1.7m | 2.6m | 2.3m | 1.2m | |
21/28 |
390,409 | 574,882 | 578,625 | 586,075 | 105,419 | |
22/27 |
16,864 | 36,336 | 48,904 | 33,883 | 57,141 | |
23 |
- | - | - | 0 | 992 | |
24 |
4,336 | 21,721 | 32,201 | 15,092 | 49,828 | |
26 |
12,527 | 14,615 | 16,703 | 18,791 | 6,320 | |
28 |
373,545 | 538,545 | 529,720 | 552,192 | 48,279 | |
29/58 |
400,114 | 1.2m | 2.1m | 1.7m | 1.1m | |
40/41 |
118,469 | 406,164 | 1.0m | 901,216 | 105,833 | |
40 |
116,961 | 211,927 | 186,873 | 264,403 | 93,376 | |
41 |
1,508 | 194,238 | 828,232 | 636,813 | 12,457 | |
54/58 |
122,346 | 435,915 | 819,799 | 756,122 | 567,121 | |
490/1 |
159,299 | 311,975 | 217,373 | 47,775 | 432,043 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
790,523 | 1.7m | 2.6m | 2.3m | 1.2m | |
10/15 |
-1.4m | -699,169 | 177,416 | 612,232 | 668,738 | |
14 |
-1.4m | -699,169 | 159,304 | 612,232 | 668,738 | |
15 |
- | 0 | 18,113 | - | - | |
16 |
- | 0 | 47,000 | - | - | |
160/5 |
- | 0 | 47,000 | - | - | |
164/5 |
- | 0 | 47,000 | - | - | |
17/49 |
2.2m | 2.4m | 2.4m | 1.7m | 541,678 | |
17 |
410,209 | 407,490 | 404,760 | 400,000 | - | |
170/4 |
400,000 | 400,000 | 400,000 | 400,000 | - | |
178/9 |
10,209 | 7,490 | 4,760 | - | - | |
42/48 |
1.6m | 1.7m | 1.5m | 1.0m | 351,087 | |
43 |
- | 0 | 250,000 | - | - | |
430/8 |
- | 0 | 250,000 | - | - | |
44 |
304,031 | 694,798 | 238,843 | 685,431 | 138,360 | |
440/4 |
304,031 | 694,798 | 238,843 | 685,431 | 138,360 | |
45 |
401,711 | 381,108 | 556,132 | 325,416 | 212,726 | |
450/3 |
87,332 | 78,241 | 56,305 | 129,142 | 5,350 | |
454/9 |
314,378 | 302,866 | 499,826 | 196,274 | 207,376 | |
47/48 |
920,167 | 614,526 | 443,360 | - | - | |
492/3 |
159,846 | 330,183 | 513,391 | 268,109 | 190,591 | |
| Income statement | ||||||
76A |
225 | - | - | - | - | |
9900 |
1.7m | 1.5m | 2.3m | 2.4m | 1.7m | |
62 |
1.9m | 2.1m | 2.6m | 2.3m | 1.5m | |
630 |
19,472 | 23,722 | 16,183 | 4,217 | 18,236 | |
631/4 |
3,865 | -7,260 | 0 | 7,260 | - | |
640/8 |
222,744 | 145,049 | 83,119 | 128,824 | 89,864 | |
66A |
- | - | 0 | 50,000 | - | |
9901 |
-504,170 | -833,389 | -446,981 | -50,918 | 84,351 | |
75/76B |
1,142 | 1 | 6,037 | 49 | 30 | |
75 |
1,142 | 1 | 6,037 | 49 | 30 | |
65/66B |
203,243 | 25,085 | 11,985 | 5,637 | 2,413 | |
65 |
38,243 | 25,085 | 11,985 | 5,637 | 2,413 | |
66B |
165,000 | - | - | - | - | |
9903 |
-706,272 | -858,473 | -452,928 | -56,506 | 81,968 | |
9904 |
-706,272 | -858,473 | -452,928 | -56,506 | 81,968 | |
9905 |
-706,272 | -858,473 | -452,928 | -56,506 | 81,968 | |
| Appropriation of the result | ||||||
9906 |
-1.4m | -699,169 | 159,304 | 612,232 | 668,738 | |
14P |
-699,169 | 159,304 | 612,232 | 668,738 | 586,770 | |
| Social balance sheet | ||||||
9087 |
31.2 | 35.5 | 43.8 | 41.8 | 33 | |
Hours worked1013 |
51,425 | 56,908 | 72,868 | 69,541 | 48,289 | |
| Document | ||||||
The notes to these accounts have 18 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 2024 (PDF), filed on 27-06-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00197882 | |
| 31-12-2023 | abbreviated format | 03-07-2024 | 2024-00213482 | |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00252736 | |
| 31-12-2021 | abbreviated format | 22-07-2022 | 2022-20215992 | |
| 31-12-2020 | abbreviated format | 22-07-2022 | 2022-20216000 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €895 | €895 |
| 2022 | 1 | €431,551 | €172,621 |
| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2024 | FPS Policy and Support | 1 | €819,769 |
| 2023 | FPS Policy and Support | 1 | €343,506 |
| Year | Entries | Awarded |
|---|---|---|
| 2023 | 1 | €40,136 |
| 2022 | 2 | €519,094 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| -484,698 | -809,667 | -430,797 | -46,701 | 102,587 | ||
| -686,799 | -834,751 | -436,745 | -52,289 | 100,203 | ||
| -165,000 | 24,979 | 40,233 | 573,445 | 48,998 | ||
| -313,570 | -383,884 | 63,677 | 189,002 | - | ||
| -1.2m | -536,377 | 563,942 | 694,265 | 753,910 | ||
| -177.8% | -40.4% | 6.7% | 26.7% | 55.2% | ||
| 0.25 | 0.68 | 1.38 | 1.69 | 3.15 | ||
| - | - | 13.56 | 2.74 | 0.81 | ||
| - | - | -255.3% | -9.2% | 12.3% | ||
| -89.3% | -49.7% | -17.2% | -2.5% | 6.8% | ||
| -12.67 | -32.28 | -35.94 | -8.28 | 42.51 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 | 31-12-2020 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 32 | 32 | 48 | 43 | 43 |
| full-time | 26 | 26 | 41 | 39 | 42 |
| part-time | 6 | 6 | 7 | 4 | 1 |
| in full-time equivalents | 30.5 | 30.1 | 45 | 41.5 | 42.5 |
| 31.2 | 35.5 | 43.8 | 4.2 | 33 | |
| On a permanent contract | 31 | 31 | 44 | 38 | 32 |
| Joined | 20 | 17 | 29 | 27 | 29 |
| Left | 20 | 34 | 24 | 26 | 16 |
| Training hours | 951 | 131 | 3,053 | 0 | 0 |
Source: social balance sheet in the 2020 to 2024 annual accounts
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Pledge on other assets, amount secured | €35,345 | €35,345 | - | - | - |
Source: notes to the 2020 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €11,154 | €34,670 | €38,100 | €29,876 |
| Financial fixed assets | - | €13,825 | €5,563 | €535,345 | €19,122 |
| €19,472 | €23,722 | €16,183 | €4,217 | €18,236 |
Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
The operating result for 2024 is a loss of €504,170, smaller than the loss of €833,389 in 2023.
Equity is negative. Debt (€2.2m) exceeds the balance-sheet total (€790,523).
This non-profit association has no shareholders or capital.
| MICROSTART
registered office since 02-02-2015 · founded in 2010 · group BNP PARIBAS |
20 FTE (2025) 0829.081.071 |
| Proximus Ada
registered office since 01-08-2025 · founded in 2022 · group Belgische Staat |
62 FTE (2023) 0781.848.902 |
| Mbrella
registered office since 02-11-2021 · founded in 2021 · group NAYARIT PARTICIPATIONS |
25 FTE (2025) 0776.753.432 |
| SKIPR
registered office since 24-10-2018 · founded in 2018 |
18 FTE (2025) 0712.537.551 |
| BE CENTRAL
registered office since 01-03-2017 · founded in 2017 |
9.8 FTE (2025) 0670.901.290 |
| European Citizen Action Service - Euro Citoyen Action et Services - Europa en Burger Actie en Service
registered office since 02-01-1991 · founded in 1991 |
13 FTE (2025) 0442.397.402 |
| Bibliothèques Sans Frontières Belgique - Bibliotheken Zonder Grenzen België
registered office since 19-02-2018 · founded in 2017 |
28 FTE (2025) 0678.983.073 |
| Teach for Belgium
registered office since 15-07-2013 · founded in 2013 |
15 FTE (2025) 0524.830.871 |
| ROSA
registered office since 13-04-2020 · founded in 2020 |
23 FTE (2025) 0745.832.604 |
| UMBI
registered office since 10-03-2018 · founded in 2018 |
total assets €2.0m (2025) 0691.916.044 |
| BIOCAP & CO via Frédéric Tiberghien, at BeCode until 2023 · Independent director and chair of the board · deed of 07-05-2025 Open bankruptcy · founded in 2017 |
64 FTE (2025) |
| The Boston Consulting Group via Frédéric Tiberghien, at BeCode until 2023 · Manager · deed of 24-04-2015 founded in 1993 |
189 FTE (2025) |
| Projective Group Talent BE via ALMAC CONSULT, at BeCode until 2023 · Director · deed of 03-04-2020 founded in 2014 · group PROJECTIVE HOLDING |
76 FTE (2025) |
| D.A.R.E. CONSULTING via Frédéric Tiberghien, at BeCode until 2023 · Permanent representative · deed of 05-08-2024 founded in 2005 |
total assets €2.8m (2025) |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
2 of 3 establishments on the map
| Establishment | Since | Unit number |
|---|---|---|
| Kantersteen 12 registered office 1000 Brussels | ||
| BeCode Charleroi Square des Martyrs -, 6000 Charleroi 85592 Vocational training | 01-02-2018 | 2.300.725.182 |
| BeCode Liège Rue de Mulhouse 36, 4020 Liège 85592 Vocational training | 01-09-2018 | 2.300.725.380 |
| BeCode Gent Gaston Crommenlaan 4, 9050 Ghent 85592 Vocational training | 01-02-2019 | 2.300.724.885 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 8,006 m² | 49.2 m · 8 |
| 62817B0418/00G002 | Wallonia | 1.3 ha | 1 · 4,913 m² | 16.3 m · 3 |
| 21804D1049/00D002 | Brussels | 4,348 m² | 1 · 4,347 m² | 26.2 m · 7 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
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