CLEVER CODES
ActiveSummary
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 (see administrative flags).
Overview
- Equity
- -€7,067
- Loss
- -€7,067
Why 52raises riskFigures for financial year 2024 (filed 23-08-2025)Founded in 2024lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €1,792Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 3% on solvency, 27% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its 2024 accounts 22 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
- Address struckevent 26-03-2026
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: Pratheesh PAUL (director) ·…
Financials · financial year 2024, micro format
2024 annual accounts filed late (22 days) Filed on 22 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00394766.
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,639 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 |
|---|---|
| Gross operating margin9900 | -€7,020 |
| Operating profit (loss)9901 | -€7,020 |
| Financial income75/76B | €3 |
| Recurring financial income75 | €3 |
| Financial charges65/66B | €50 |
| Recurring financial charges65 | €50 |
| Profit (loss) for the period before taxes9903 | -€7,067 |
| Profit (loss) for the period9904 | -€7,067 |
| Profit (loss) for the period to be appropriated9905 | -€7,067 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1,792 | |
| Fixed assets21/28 | €315 | |
| Financial fixed assets28 | €315 | |
| Current assets29/58 | €1,477 | |
| Amounts receivable within one year40/41 | €489 | |
| Other amounts receivable41 | €489 | |
| Cash at bank and in hand54/58 | €988 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1,792 | |
| Equity10/15 | -€7,067 | |
| Profit (loss) carried forward14 | -€7,067 | |
| Amounts payable17/49 | €8,859 | |
| Amounts payable within one year42/48 | €8,859 | |
| Trade debts44 | €4,877 | |
| Suppliers440/4 | €4,877 | |
| Other amounts payable47/48 | €3,982 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€7,067 |
| Operating cash flow (approximation) | -€7,067 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 22-08-2025 | 2025-00394766 |
Similar companies · same sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Pratheesh PAUL |
|
Owners and capital
Capital and shareholders
- Shanu KANNANTHARA AMMUNNI 900 shares (45%) · €900 in cash
- Mohamed Aslam PALAKKAPARAMBIL JAMAL 900 shares (45%) · €900 in cash
- Pratheesh PAUL 200 shares (10%) · €200 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 27-03-2024 Incorporation · €2,000 · 2,000 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-03
Gazette deed
IncorporationAppointment: Pratheesh PAUL (director) · Founder · Founding capital7 facts ▸
- Incorporation, 22-03-2024
- Founder, Shanu KANNANTHARA AMMUNNI
- Founder, Mohamed Aslam PALAKKAPARAMBIL JAMAL
- Founder, Pratheesh PAUL
- Founding capital, €2,000
- Director appointment, Pratheesh PAUL (director)
- Other provision, “dépôt avant enregistrement, expéditions et extraits” (deed in French)
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21362B0286/00M010 | Brussels | 636 m² | 1 · 522 m² | 28.8 m · 6 |
How the parcels are linked
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- CLEVER CODES
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, Annexes du Moniteur belge” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Lorsque la société est administrée par plusieurs administrateurs et sauf organisation par l’ assemblée générale d’un organe d’administration…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Déterminée ou indéterminée, 1” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Respect des conditions prévues, article 2:80 du Code des sociétés et des associations” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed