Equity
€13,694 from €51,287 in 2018
Equity fell by 73% in 6 years.
Denim Plus
Lifetime
10 annual accounts with figures on one time axispeak €99,163 (2017)
€1,610▲ €2,836
lowest -€24,303 (2019)
-€133▲ €2,280
peak €51,287 (2018)
€13,694▼ 1.0%
€4,100▼ 14.6%
peak 1 FTE (2017)
-not published
Board5 names since 2013
3 directorsBAS Jan and 2 others
Owners3 names in the annual accounts
Documentsfilings and deeds
18-09-202549 days late
2024micro format
Gross margin from -€1,226 to €1,610Loss of €133
Key points
from the 2024 annual accountsChecked score
50
Fair
Financially stronger than 42% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025lowest value
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025
10-2025: 0.5%▼ -0.2 percentage points vs 09-2025
11-2025: 1.4%▲ +0.9 percentage points vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.3%▼ -0.1 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.4 percentage points vs 07-2026
09-2026: 2.0%▲ +0.3 percentage points vs 08-2026
10-2026: 3.3%▲ +1.3 percentage points vs 09-2026highest value
11-2026: 3.3%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 4.31, cash €3
Figures for financial year 2024 (filed on 18-09-2025)
1 change of registered office in 24 months
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 85% of them on solvency, 18% on liquidity, 27% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as Denim Plus has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Denim Plus itself is higher: 3.3% within 12 months. It rests on far more data about Denim Plus than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for Denim Plus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.31 (3.76 in 2023), above the usual 1.5. Short-term debt is 23% and cash 0% of total assets. 23% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 100 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline08-11-2026 today
raises risk · 2024 accounts filed 49 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
49 days late
2023
23 days late
2022
137 days early
2021
62 days early
2020
15 days early
2019
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 14 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (1)
Board and ownership
- MULTIMEDIUM 50%score 97equity €1.2m (2025) · 2023 annual accounts of MULTIMEDIUM
- SCHURMANS.NET 50%equity €56,317 (2023) · 30-06-2022 annual accounts of SCHURMANS.NET
- Schurmans.net bvba 0.5%annual accounts 2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0541557730
Amendment of the articles
General meeting of 19-12-2025 · Gazette deed
Company renamed from CODELAB to Denim Plus
Registered office moved from Hoogstraten to Genk · New registered office: Terboekt 49, 3600 Genk · Previous registered office: Minderhoutsestraat 1, 2320 Hoogstraten · Gazette deed
Resignation: Multimedium BV (director)
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Denim Plus Genk | €17,795 | €1,610 | 77.0% | - |
| Satisfying Structures Antwerp | €24,742 | €1,825 | -20.5% | - |
| Pirana Tremelo | €24,797 | €1,628 | 50.6% | - |
| ICETESY Woluwe-Saint-Lambert | €15,680 | -€14,614 | 93.5% | - |
| A.B.R. IT Halen | €20,245 | -€10,249 | 40.0% | - |
| The People Square Sint-Truiden | €22,883 | -€7,301 | 97.6% | - |
| SieeKrath Heusden-Zolder | €18,705 | -€6,221 | -25.8% | - |
These companies have the same main activity as Denim Plus: computer programming (NACE 62100). They are comparable in size and age: total assets between €15,700 and €24,800, founded between 2008 and 2014.
Official details
Source: KBO- Status
- Active since 28-10-2013Normal situation
- Activity
- Computer programmingNACE 62100and 1 other
- Establishment unit
- 2.225.110.6152320 Hoogstraten, since 28-10-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Insights on Denim Plus
Denim Plus files the micro format. That format states no turnover. The gross margin fell from €10,263 in 2015 to €1,610 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Denim Plus
- What is the company number of Denim Plus?
- The company number of Denim Plus is 0541.557.730. The VAT number is the same number with BE in front: BE 0541.557.730.
- Where is Denim Plus based?
- The registered office is at Terboekt 49, 3600 Genk.Company details
- What does Denim Plus do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of Denim Plus?
- Denim Plus is a private limited company (BV).
- When was Denim Plus founded?
- Denim Plus was founded on 28-10-2013.
- Is Denim Plus still active?
- Yes, Denim Plus is an active enterprise in the KBO register.
- How many employees does Denim Plus have?
- Denim Plus had an average of 0.7 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of Denim Plus?
- The turnover in financial year 2024 is ≈ €8,700. This figure is estimated from the gross margin of €1,610 and 53 comparable companies (NACE 62100). It probably lies between €4,600 and €17,000. It is a rough estimate.
- Is Denim Plus profitable?
- In financial year 2024, Denim Plus made a loss of €133.
- Where can I find the annual accounts of Denim Plus?
- Denim Plus filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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