Codacious
ActiveSummary
Codacious has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €44,822 and a net result of €13,468. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 2833 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability42▼-8
Solvency34▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.76 in 2023; short-term debt: 84.1% and cash: 28.1% of total assets), and 91.2% of the assets are financed with debt.
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Signals
Four 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
8.8%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 2833 sector peers (2024).
NBB · sector comparisonPosition among 2833 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
42 d early
2022
30 d late
2021
32 d early
2020
53 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€44,822▲ 43.0%
2023 · €31,355
Total assets
€512,166▼ 39.9%
2023 · €852,409
Net result
€13,468▲ 116%
2023 · €6,225
Working capital
€3,671
2023 · -€152,243
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€124,005▲ 15.1%€110,517▼ 10.9%€29,137▼ 73.6%€91,559▲ 214%€110,118▲ 20.3%
Net result€53,352▼ 17.4%€48,386▼ 9.3%-€36,746€6,225€13,468▲ 116%
Equity€26,563▼ 20.0%€61,876▲ 133%€25,130▼ 59.4%€31,355▲ 24.8%€44,822▲ 43.0%
Total assets€453,973▲ 32.0%€505,755▲ 11.4%€840,205▲ 66.1%€852,409▲ 1.5%€512,166▼ 39.9%
Debt€427,410▲ 37.6%€443,880▲ 3.9%€815,075▲ 83.6%€821,055▲ 0.7%€467,344▼ 43.1%
Working capital-€346€7,273-€121,357-€152,243▼ 25.5%€3,671
Staff (FTE)14.2▲ 20.3%15.7▲ 10.6%16▲ 1.9%17.6▲ 10.0%18.2▲ 3.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +66% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €512,166
Fixed assets
€77,593 ▼ 79.1%
Current assets
€434,573 ▼ 9.7%
Equity and liabilities €512,166
Equity
€44,822 ▲ 43.0%
Debt
€467,344 ▼ 43.1%
Debt's share of the balance-sheet total falls from 96.3% to 91.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€160,995▲
2023 · €142,720
Cash flow
€64,345▲
2023 · €57,386
Current ratio
1.01▲
2023 · 0.76
Debt to equity
10.43▼
2023 · 26.19
ROE
30.0%▲
2023 · 19.9%
ROA
2.6%▲
2023 · 0.7%
Interest coverage
2.43▼
2023 · 3.70
Debt ≤ 1 year
€430,901▼
2023 · €633,307
Debt > 1 year
€27,701▼
2023 · €187,747
Income taxes
€32,747▼
2023 · €52,839
Staff costs
€1.3m▲
2023 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,445 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
2.0%
stopped otherwise
96%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,445 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €74,144 | - |
| Remuneration, social security and pensions62 | - | €1.0m | €1.1m | €1.3m | €1.3m | ▲ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,138 | €13,145 | €30,016 | €51,161 | €50,877 | ▼ 0.6% |
| Other operating charges640/8 | - | €2,310 | €2,368 | €1,977 | €4,132 | ▲ 109% |
| Gross operating margin9900 | €1.0m | €1.2m | €1.2m | €1.4m | €1.5m | ▲ 4.3% |
| Operating profit (loss)9901 | €124,005 | €110,517 | €29,137 | €91,559 | €110,118 | ▲ 20.3% |
| Financial income75/76B | - | €1 | €0 | €6,100 | €2,267 | ▼ 62.8% |
| Recurring financial income75 | €1 | €1 | €0 | €6,100 | €2,267 | ▼ 62.8% |
| Financial charges65/66B | - | €17,836 | €34,588 | €38,595 | €66,170 | ▲ 71.4% |
| Recurring financial charges65 | €24,801 | €17,836 | €34,588 | €38,595 | €66,170 | ▲ 71.4% |
| Profit (loss) for the period before taxes9903 | €99,205 | €92,682 | -€5,450 | €59,064 | €46,215 | ▼ 21.8% |
| Income taxes67/77 | €45,853 | €44,296 | €31,296 | €52,839 | €32,747 | ▼ 38.0% |
| Profit (loss) for the period9904 | €53,352 | €48,386 | -€36,746 | €6,225 | €13,468 | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €53,352 | €48,386 | -€36,746 | €6,225 | €13,468 | ▲ 116% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €453,973 | €505,755 | €840,205 | €852,409 | €512,166 | ▼ 39.9% |
| Fixed assets21/28 | €26,909 | €54,603 | €367,389 | €371,345 | €77,593 | ▼ 79.1% |
| Intangible fixed assets21 | - | - | €22,925 | €44,294 | €28,918 | ▼ 34.7% |
| Tangible fixed assets22/27 | €19,457 | €47,152 | €344,363 | €326,649 | €48,574 | ▼ 85.1% |
| Land and buildings22 | - | €17,209 | €257,865 | €247,426 | €3,261 | ▼ 98.7% |
| Plant, machinery and equipment23 | - | €7,415 | €32,463 | €31,919 | €24,187 | ▼ 24.2% |
| Furniture and vehicles24 | - | €15,669 | €47,175 | €40,445 | €14,267 | ▼ 64.7% |
| Other tangible fixed assets26 | - | €6,860 | €6,860 | €6,860 | €6,860 | = |
| Financial fixed assets28 | €7,451 | €7,451 | €101 | €401 | €101 | ▼ 74.7% |
| Current assets29/58 | €427,064 | €451,152 | €472,816 | €481,064 | €434,573 | ▼ 9.7% |
| Amounts receivable within one year40/41 | €190,049 | €130,284 | €297,751 | €218,794 | €288,791 | ▲ 32.0% |
| Trade receivables40 | - | €119,893 | €276,402 | €201,453 | €245,994 | ▲ 22.1% |
| Other amounts receivable41 | - | €10,392 | €21,349 | €17,341 | €42,797 | ▲ 147% |
| Cash at bank and in hand54/58 | €237,016 | €320,868 | €175,065 | €256,857 | €143,908 | ▼ 44.0% |
| Deferred charges and accrued income490/1 | - | - | - | €5,413 | €1,874 | ▼ 65.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €453,973 | €505,755 | €840,205 | €852,409 | €512,166 | ▼ 39.9% |
| Equity10/15 | €26,563 | €61,876 | €25,130 | €31,355 | €44,822 | ▲ 43.0% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €260 | €260 | €130 | €6,355 | €19,822 | ▲ 212% |
| Distributable reserves133 | - | €260 | €130 | €6,355 | €19,822 | ▲ 212% |
| Profit (loss) carried forward14 | €1,303 | €36,616 | - | - | - | - |
| Amounts payable17/49 | €427,410 | €443,880 | €815,075 | €821,055 | €467,344 | ▼ 43.1% |
| Amounts payable after more than one year17 | - | - | €220,903 | €187,747 | €27,701 | ▼ 85.2% |
| Financial debts170/4 | - | - | €220,903 | €187,747 | €27,701 | ▼ 85.2% |
| Amounts payable within one year42/48 | €427,410 | €443,880 | €594,173 | €633,307 | €430,901 | ▼ 32.0% |
| Current portion of amounts payable after more than one year42 | - | €128,007 | €140,019 | €191,702 | €75,738 | ▼ 60.5% |
| Financial debts43 | - | - | - | - | €72,446 | - |
| Credit institutions430/8 | - | - | - | - | €72,446 | - |
| Trade debts44 | €117,912 | €155,764 | €225,819 | €203,893 | €75,971 | ▼ 62.7% |
| Suppliers440/4 | - | €155,764 | €225,819 | €203,893 | €75,971 | ▼ 62.7% |
| Advances received on contracts in progress46 | - | - | - | €20,000 | - | - |
| Taxes, remuneration and social security45 | - | €146,371 | €208,537 | €217,383 | €206,746 | ▼ 4.9% |
| Taxes450/3 | - | €75,994 | €130,377 | €123,799 | €111,650 | ▼ 9.8% |
| Remuneration and social security454/9 | - | €70,377 | €78,159 | €93,584 | €95,096 | ▲ 1.6% |
| Other amounts payable47/48 | - | €13,737 | €19,798 | €329 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,741 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,352 | €48,386 | -€36,746 | €6,225 | €13,468 | ▲ 116% |
| + Depreciation and write-downs630 | €11,138 | €13,145 | €30,016 | €51,161 | €50,877 | ▼ 0.6% |
| Operating cash flow (approximation) | €64,490 | €61,531 | -€6,730 | €57,386 | €64,345 | ▲ 12.1% |
| Investment in fixed assets (approximation) | - | -€40,840 | -€342,803 | -€55,117 | €242,874 | ▲ 541% |
| Change in cash | - | €83,852 | -€145,803 | €81,793 | -€112,950 | ▼ 238% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
27-03
State Gazette act
Resignation: Stefan Moelants (director)Appointments: Axxes NV (director) and RSM Interaudit BV (statutory auditor) · Permanent representatives: Sylvie Versteylen, Benjamin Goesaert and Stijn Van Herbruggen · Power of attorney13 facts ▸
State Gazette act
Resignation: Stefan Moelants (director)
Appointments: Axxes NV (director) and RSM Interaudit BV (statutory auditor) · Permanent representatives: Sylvie Versteylen, Benjamin Goesaert and Stijn Van Herbruggen · Power of attorney13 facts ▸
- General meeting, 23/01/2026
- Director resignation, Stefan Moelants (director)
- Director appointment, Axxes NV (director)
- Permanent representative, Sylvie Versteylen
- Permanent representative, Benjamin Goesaert (plaatsvervangend vaste vertegenwoordiger)
- Power of attorney, Argo Law BV
- Board meeting, 24/02/2026
- Registered-office move, Entrepotkaai 10A, 2000 Antwerpen
- Power of attorney, Argo Law BV
- General meeting, 17/03/2026
- Auditor appointment, RSM Interaudit BV (statutory auditor)
- Permanent representative, Stijn Van Herbruggen
- +1 further facts in this act
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €6,225
Net result €6,225 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet -€36,746
Net result drops to -€36,746, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €64,629 ▲14,013%
Net result €64,629, the highest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
AXXES
CurrentDirector · since 23-01-2026 · Public limited company
Statutory auditor 1
RSM INTERAUDIT
CurrentStatutory auditor · since 27-03-2026 · perm. rep.: Stijn Van Herbruggen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2015
Ground area
5,754 m²
Building footprint
3,121 m²
Volume, LiDAR
70,445 m³
2 parcels, Flanders · tallest building 31.0 m, ±10 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Codacious
since 20152.247.924.619
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11802B0059/00G002 | Flanders | 4,909 m² | 1 · 2,973 m² | 31.0 m · 10 fl. |
| 12019B0518/00D000 | Flanders | 845 m² | 1 · 148 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| AXXES |
|
| RSM INTERAUDIT |
|
| Stefan Moelants |
|
Structure & network
Owners and holdings
2 ownersOwners 2
- Stefan Moelantsnatural personSourceown accounts 20230.9%
- Frederik Prijcknatural personSourceown accounts 20230.1%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of Codacious and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,588 EUR awarded · 3,588 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,064 EUR | 1,064 EUR |
| 2024 | 1 | 0 EUR | 1,205 EUR |
| 2023 | 1 | 1,205 EUR | 0 EUR |
| 2022 | 1 | 1,319 EUR | 1,319 EUR |
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,745 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643652111
Also
9925:BE0643652111
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.