Equity
-€7,067
Debts exceed assets in financial year 2024.
CLEVER CODES
Lifetime
1 annual account with figurespeak -€7,020 (2024)
-€7,020
lowest -€7,067 (2024)
-€7,067
peak -€7,067 (2024)
-€7,067
€8,859
Board1 name since 2024
1 directorPratheesh PAUL
Documentsfilings and deeds
22-08-202522 days late
2024micro format
Loss of €7,067Incorporation 27-031 establishment registeredFirst year with figures
Key points
from the 2024 annual accountsAt the same address
89 companies
Position in the sector
-394.4%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 62.8% · 20,537 companies.
2024 accounts filed 22 days after the deadlineTurnover not published (micro format)
Checked score
52
Fair
Financially stronger than 12% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% 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 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 0.4%
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.3%▼ -0.1 percentage points vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.3 percentage points vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.7%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.3 percentage points vs 07-2026
09-2026: 1.1%▲ +0.1 percentage points vs 08-2026
10-2026: 1.9%▲ +0.8 percentage points vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 23-08-2025)
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €1,792
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 3% of them on solvency, 27% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 09-11-2026 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, 7,639 companies had the same profile as CLEVER CODES has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CLEVER CODES itself: 1.9% within 12 months.
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 7,639 companies, not a prediction for CLEVER CODES. 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
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · 2024 accounts filed 22 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 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 · 1 filingDeviation from the deadline
2024
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its 2024 accounts 22 days after 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.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 1 notice about the company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Board and ownership
- Shanu KANNANTHARA AMMUNNI 900 sharesdeed of 27-03-2024
- Mohamed Aslam PALAKKAPARAMBIL JAMAL 900 sharesdeed of 27-03-2024
- Pratheesh PAUL 200 sharesdeed of 27-03-2024
Recent changes
Address struck
effective 26-03-2026 · KBO administration
First establishment
Incorporation
Founding capital of €2,000, 2,000 shares · Founders: Shanu KANNANTHARA AMMUNNI, Mohamed Aslam PALAKKAPARAMBIL JAMAL and Pratheesh PAUL · Appointment: Pratheesh PAUL (director) · published on 27-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CLEVER CODES | €1,792 | -€7,020 | -394.4% | - |
| YK Projects Sint-Niklaas | €1,842 | -€1,867 | 20.5% | - |
| revOScar Seraing | €1,721 | -€6,065 | 78.9% | - |
| SBO CONSULT Anderlecht | €1,711 | -€9,315 | -1759.3% | - |
| YARI FOELEN Diepenbeek | €1,938 | -€4,060 | -210.6% | - |
| TSOH Temse | €1,839 | -€3,452 | -23.9% | - |
| Lyne Systems & Consultancy Aalst | €1,520 | -€7,250 | -203.5% | - |
These companies have the same main activity as CLEVER CODES: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €1,520 and €1,940, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 25-03-2024Normal situation
- Legal form
- Private limited company
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.358.448.793since 01-04-2024
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on CLEVER CODES
The computed 12-month bankruptcy probability of CLEVER CODES is 1.9% (moderate). The 2024 annual accounts show negative equity (-€7,067) and a net result of -€7,067.
Its solvency ranks better than 5% of 20,537 sector peers (NACE 62, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry.
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 CLEVER CODES
- What is the company number of CLEVER CODES?
- The company number of CLEVER CODES is 1007.509.801. The VAT number is the same number with BE in front: BE 1007.509.801.
- What does CLEVER CODES do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of CLEVER CODES?
- CLEVER CODES is a private limited company (BV).
- When was CLEVER CODES founded?
- CLEVER CODES was founded on 25-03-2024.
- Is CLEVER CODES still active?
- Yes, CLEVER CODES is an active enterprise in the KBO register.Company details
- What is the turnover of CLEVER CODES?
- The annual accounts for financial year 2024 state no turnover. The micro format does not require it.Financials
- Is CLEVER CODES profitable?
- In financial year 2024, CLEVER CODES made a loss of €7,067.
- Where can I find the annual accounts of CLEVER CODES?
- CLEVER CODES filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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