Co-Dex.eu
ActiveCo-Dex.eu has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 20787 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
65
/ 100
Healthy▲ +27 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency35▼-32
Growth78▲+20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.52 against 3.0 in 2023), but 96.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
3.2%
Return on assets
7%
Age of the figures
20 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 20787 sector peers (2024).
NBB · sector comparisonPosition among 20787 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-11-2025, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2024
120 d late
2023
on the day
2022
on the day
2021
61 d late
2020
30 d late
2019
60 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€9k
2023 · €-10k
2019: €8k
2021: €651
2022: €-31k
2023: €-10k
2019 → 2024
Total assets
€273k▲ 190%
2023 · €94k
2019: €8k
2021: €9k
2022: €29k
2023: €94k
2019 → 2024
Net result
€19k▼ 9.8%
2023 · €21k
2019: €1k
2021: €-5k
2022: €-32k
2023: €21k
2019 → 2024
Working capital
€195k▲ 212%
2023 · €63k
2019: €8k
2021: €651
2022: €28k
2023: €63k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Equity€8k-€651▼ 91.5%€-31k€-10k▲ 67.4%€9k
Operating result€2k-€-5k€-32k▼ 523%€23k€21k▼ 8.9%
Net result€1k-€-5k€-32k▼ 525%€21k€19k▼ 9.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 9% below 2023.
Balance-sheet composition
Equity and liabilities €273k
Equity
€9k
Debt
€264k
Debt finances 96.8% of the balance-sheet total.
Key figures and ratios
Solvency
3.2%▲
2023 · -10.8%
Current ratio
3.52▲
2023 · 3.00
Quick ratio
3.52▲
2023 · 3.00
Debt / equity
30.05▲
2023 · -10.22
ROE
216.0%▲
2023 · -206.4%
ROA
7.0%▼
2023 · 22.4%
Debt
€264k▲
2023 · €104k
Debt ≤ 1 year
€78k▲
2023 · €31k
Debt > 1 year
€36k▼
2023 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€94k€273k▲
Current assets29/58€94k€273k▲
Amounts receivable within one year40/41€50k€156k▲
Trade receivables40€35k€149k▲
Other amounts receivable41€14k€7k▼
Cash at bank and in hand54/58€44k€117k▲
Equity and liabilities
Total equity and liabilities10/49€94k€273k▲
Equity10/15€-10k€9k▲
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€134€134=
Reserves not available under the articles1311€134€134=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-18k€1k▲
Amounts payable17/49€104k€264k▲
Amounts payable after more than one year17€71k€36k▼
Financial debts170/4€71k€36k▼
Amounts payable within one year42/48€31k€78k▲
Trade debts44€31k€47k▲
Suppliers440/4€31k€47k▲
Taxes, remuneration and social security45-€28k
Taxes450/3-€28k
Other amounts payable47/48€232€2k▲
Accrued charges and deferred income492/3€2k€151k▲
Income statement
Code20232024
Other operating charges640/8€460€1k▲
Gross operating margin9900€24k€22k▼
Operating profit (loss)9901€23k€21k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€21k€19k▼
Profit (loss) for the period9904€21k€19k▼
Profit (loss) for the period to be appropriated9905€21k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€1k▲
Profit (loss) brought forward from the previous period14P€-39k€-18k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity times 25current ratio 27.26
Current ratio from 1.08 to 27.26; short-term debt falls from €9k to €1k.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Langemark-Poelkapelle · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Albert I-laan 238920 Langemark-PoelkapelleGround area
790 m²
Building footprint
247 m²
Volume, LiDAR
1,231 m³
Parcel 33014C1038/00P002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Co-Dex.eu
since 20182.274.864.883
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33014C1038/00P002 | Flanders | 790 m² | 1 · 247 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
European Union, budget
2023 to 2025 · 2 entries · 860,148 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 450,470 EUR |
| 2023 | 1 | 409,678 EUR |
Projects
101249201 - INCIDENTRON - MASTERING INCIDENT RESPONSE THROUGH AN OPEN SOURCE FRAMEWORK, ARCHITECTURE, AND PLATFORM
101128101 - CYSSME - CYBERSECURITY AND DATA PROTECTION FOR SMALL, MEDIUM AND MICRO ENTERPRISES
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Of 16,813 companies in sector 62100 we hold annual accounts for 8,747. 4,116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62900Other information technology and computer services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.