Turnover
The accounts state no turnover.
The accounts state no turnover.
Of this, €552,714 falls due within a year.
In 2025, 1 person joined and 3 left.
The 2017 accounts came latest: 31 days after the end of the period.
Board changed. Latest change 27-03-2026 · 1 in office.
Lower solvency than 82% of companies in computer programming and consultancy. Sector median 46.4% · 3,405 companies.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 14% of them on solvency, 51% on liquidity, 23% on profitability and 16% on growth.
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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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).
In July 2024, 912 companies had the same profile as Codacious has now. Each dot stands for 3 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Codacious itself: 0.5% within 12 months.
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 912 companies, not a prediction for Codacious. 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.
Liquidity is tight, with a current ratio of 1.03 (1.01 in 2024), below the usual 1.5. Short-term debt is 90.8% and cash 38.9% of total assets. 93.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 21 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.
| Company | ||||
|---|---|---|---|---|
| Codacious Antwerp | - | - | 6.1% | 17.4 |
| FlowFactor Kontich | €3.4m | 0.6% | 45.0% | 18.1 |
| Tripwire Solutions Edegem | €3.8m | -3.7% | 28.2% | 13.6 |
| NECKO TECHNOLOGIES Mons | - | - | 61.9% | 16.6 |
| LGTech Liège | - | - | -59.1% | 17.6 |
| OPEN UP MEDIA Antwerp | - | - | 21.5% | 12.2 |
| Involved Kontich | €3.0m | -3.0% | 35.7% | 13.3 |
These companies have the same main activity as Codacious: computer programming (NACE 62100). They are comparable in size and age: total assets between €440,000 and €885,000, founded between 2013 and 2018.
Codacious files the abbreviated format. That format states no turnover. The gross margin rose from €124,667 in 2016 to €1.6m in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.8m. Estimated: probably between €2.2m and €3.5m.
Higher than 18% of 3,405 companies in 2025.
Higher than 25% of 3,266 companies in 2025.
Higher than 23% of 3,314 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 3 left. Training hours in 2025: 192.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
608,437 | 512,166 | 852,409 | 840,205 | 505,755 | 453,973 | 343,806 | 228,457 | 255,659 | 118,497 | |
20 |
- | - | - | - | - | - | - | 9,733 | 30,121 | 9,967 | |
21/28 |
38,446 | 77,593 | 371,345 | 367,389 | 54,603 | 26,909 | 33,168 | 40,339 | 15,867 | 19,190 | |
21 |
21,784 | 28,918 | 44,294 | 22,925 | - | - | - | - | - | - | |
22/27 |
16,661 | 48,574 | 326,649 | 344,363 | 47,152 | 19,457 | 32,917 | 40,214 | 15,742 | 18,940 | |
22 |
0 | 3,261 | 247,426 | 257,865 | 17,209 | 6,591 | - | - | - | - | |
23 |
16,661 | 24,187 | 31,919 | 32,463 | 7,415 | 2,448 | - | - | - | - | |
24 |
0 | 14,267 | 40,445 | 47,175 | 15,669 | 10,419 | 32,917 | 40,214 | 15,742 | 18,940 | |
26 |
0 | 6,860 | 6,860 | 6,860 | 6,860 | - | - | - | - | - | |
28 |
0 | 101 | 401 | 101 | 7,451 | 7,451 | 251 | 125 | 125 | 250 | |
29/58 |
569,992 | 434,573 | 481,064 | 472,816 | 451,152 | 427,064 | 310,638 | 178,385 | 209,670 | 89,341 | |
40/41 |
290,895 | 288,791 | 218,794 | 297,751 | 130,284 | 190,049 | 198,719 | 114,485 | 176,638 | 43,179 | |
40 |
248,314 | 245,994 | 201,453 | 276,402 | 119,893 | 186,834 | 195,504 | 110,397 | 173,180 | 39,224 | |
41 |
42,581 | 42,797 | 17,341 | 21,349 | 10,392 | 3,215 | 3,215 | 4,088 | 3,458 | 3,955 | |
50/53 |
38,894 | - | - | - | - | - | - | - | - | - | |
54/58 |
236,396 | 143,908 | 256,857 | 175,065 | 320,868 | 237,016 | 105,349 | 59,597 | 33,032 | 42,762 | |
490/1 |
3,806 | 1,874 | 5,413 | - | - | - | 6,570 | 4,303 | - | 3,399 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
608,437 | 512,166 | 852,409 | 840,205 | 505,755 | 453,973 | 343,806 | 228,457 | 255,659 | 118,497 | |
10/15 |
37,157 | 44,822 | 31,355 | 25,130 | 61,876 | 26,563 | 33,211 | 8,582 | 8,124 | 29,555 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | |
13 |
38,894 | 19,822 | 6,355 | 130 | 260 | 260 | 260 | 260 | 230 | 230 | |
130/1 |
38,894 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 260 | 260 | 230 | 230 | |
1312 |
38,894 | - | - | - | - | - | - | - | - | - | |
133 |
0 | 19,822 | 6,355 | 130 | 260 | 260 | - | - | - | - | |
14 |
-26,737 | - | - | - | 36,616 | 1,303 | 7,951 | -16,678 | -17,106 | 4,325 | |
17/49 |
571,280 | 467,344 | 821,055 | 815,075 | 443,880 | 427,410 | 310,595 | 219,875 | 247,535 | 88,943 | |
17 |
16,039 | 27,701 | 187,747 | 220,903 | - | - | 3,609 | 13,968 | 10,857 | 18,518 | |
170/4 |
16,039 | 27,701 | 187,747 | 220,903 | - | - | 3,609 | 13,968 | 10,857 | 18,518 | |
42/48 |
552,714 | 430,901 | 633,307 | 594,173 | 443,880 | 427,410 | 306,986 | 205,908 | 236,677 | 70,425 | |
42 |
104,207 | 75,738 | 191,702 | 140,019 | 128,007 | 111,113 | 75,311 | 68,307 | 53,703 | 20,151 | |
43 |
46,803 | 72,446 | - | - | - | - | - | - | - | - | |
430/8 |
46,803 | 72,446 | - | - | - | - | - | - | - | - | |
44 |
127,701 | 75,971 | 203,893 | 225,819 | 155,764 | 117,912 | 110,241 | 97,387 | 107,563 | 27,926 | |
440/4 |
127,701 | 75,971 | 203,893 | 225,819 | 155,764 | 117,912 | 110,241 | 97,387 | 107,563 | 27,926 | |
46 |
- | - | 20,000 | - | - | - | - | - | - | - | |
45 |
274,003 | 206,746 | 217,383 | 208,537 | 146,371 | 152,023 | 118,034 | 37,303 | 50,450 | 22,348 | |
450/3 |
119,248 | 111,650 | 123,799 | 130,377 | 75,994 | 93,744 | 66,599 | 11,572 | 3,358 | 14,894 | |
454/9 |
154,755 | 95,096 | 93,584 | 78,159 | 70,377 | 58,279 | 51,435 | 25,731 | 47,091 | 7,453 | |
47/48 |
- | - | 329 | 19,798 | 13,737 | 46,363 | 3,400 | 2,911 | 24,962 | - | |
492/3 |
2,528 | 8,741 | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||
76A |
21,088 | 74,144 | - | - | - | - | - | - | - | - | |
9900 |
1.6m | 1.5m | 1.4m | 1.2m | 1.2m | 1.0m | 788,464 | 433,992 | 389,832 | 124,667 | |
62 |
1.5m | 1.3m | 1.3m | 1.1m | 1.0m | 873,571 | 650,293 | 372,504 | 352,763 | 89,351 | |
630 |
41,665 | 50,877 | 51,161 | 30,016 | 13,145 | 11,138 | 27,220 | 31,965 | 25,918 | 18,713 | |
640/8 |
2,277 | 4,132 | 1,977 | 2,368 | 2,310 | 1,106 | 3,217 | 2,405 | 2,043 | 1,821 | |
66A |
7,267 | - | - | - | - | 11,680 | - | - | 12,836 | - | |
9901 |
56,489 | 110,118 | 91,559 | 29,137 | 110,517 | 124,005 | 107,733 | 27,118 | -3,727 | 14,781 | |
75/76B |
28 | 2,267 | 6,100 | 0 | 1 | 1 | 32 | 9 | 1 | 5 | |
75 |
28 | 2,267 | 6,100 | 0 | 1 | 1 | 32 | 9 | 1 | 5 | |
65/66B |
45,506 | 66,170 | 38,595 | 34,588 | 17,836 | 24,801 | 18,097 | 10,669 | 5,165 | 1,506 | |
65 |
45,506 | 66,170 | 38,595 | 34,588 | 17,836 | 24,801 | 18,097 | 10,669 | 5,165 | 1,506 | |
9903 |
11,011 | 46,215 | 59,064 | -5,450 | 92,682 | 99,205 | 89,668 | 16,457 | -8,891 | 13,280 | |
67/77 |
18,677 | 32,747 | 52,839 | 31,296 | 44,296 | 45,853 | 25,039 | 15,999 | 12,540 | 8,725 | |
9904 |
-7,666 | 13,468 | 6,225 | -36,746 | 48,386 | 53,352 | 64,629 | 458 | -21,431 | 4,555 | |
9905 |
-7,666 | 13,468 | 6,225 | -36,746 | 48,386 | 53,352 | 64,629 | 458 | -21,431 | 4,555 | |
| Appropriation of the result | |||||||||||
9906 |
-7,666 | 13,468 | 6,225 | -130 | 49,689 | 61,303 | 47,951 | -16,648 | -17,106 | 4,555 | |
14P |
- | - | - | 36,616 | 1,303 | - | - | - | - | - | |
791/2 |
19,822 | - | - | 260 | - | - | - | - | - | - | |
691/2 |
38,894 | 13,468 | 6,225 | 130 | - | - | - | 30 | - | 230 | |
6920 |
- | - | - | - | - | - | - | 30 | - | 230 | |
6921 |
38,894 | 13,468 | 6,225 | 130 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 13,073 | 60,000 | 40,000 | - | - | - | |
694 |
- | - | - | - | 13,073 | 60,000 | 40,000 | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
17.4 | 18.2 | 17.6 | 16 | 15.7 | 14.2 | 11.8 | - | 6.5 | 1.9 | |
Hours worked1013 |
29,596 | 29,592 | 29,794 | 26,492 | 26,696 | 24,117 | 20,067 | - | 11,160 | 3,332 | |
| Document | |||||||||||
The notes to these accounts have 24 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-06-2026 | 2026-00218127 | |
| 31-12-2024 | abbreviated format | 18-07-2025 | 2025-00288973 | |
| 31-12-2023 | abbreviated format | 19-06-2024 | 2024-00140492 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00399611 | |
| 31-12-2021 | abbreviated format | 29-06-2022 | 2022-20105846 | |
| 31-12-2020 | abbreviated format | 08-06-2021 | 2021-18100537 | |
| 31-12-2019 | micro format | 31-07-2020 | 2020-37500416 | |
| 31-12-2018 | micro format | 24-07-2019 | 2019-37700053 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59000170 | |
| 31-12-2016 | abbreviated format | 19-06-2017 | 2017-19000515 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,064 | €1,064 |
| 2024 | 1 | €0 | €1,205 |
| 2023 | 1 | €1,205 | €0 |
| 2022 | 1 | €1,319 | €1,319 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 98,154 | 160,995 | 142,720 | 59,154 | 123,663 | 135,143 | 134,954 | 59,083 | 22,191 | 33,494 | ||
| 33,999 | 64,345 | 57,386 | -6,730 | 61,531 | 64,490 | 91,849 | 32,423 | 4,487 | 23,268 | ||
| 37,123 | 19,322 | 55,117 | 350,153 | 40,840 | 21,059 | 10,316 | 36,048 | 17,183 | 25,687 | ||
| 92,488 | -112,950 | 81,793 | -145,803 | 83,852 | 131,667 | 45,752 | 26,565 | -9,730 | - | ||
| 17,278 | 3,671 | -152,243 | -121,357 | 7,273 | -346 | 3,652 | -27,523 | -27,007 | 18,916 | ||
| 6.1% | 8.8% | 3.7% | 3.0% | 12.2% | 5.9% | 9.7% | 3.8% | 3.2% | 24.9% | ||
| 1.03 | 1.01 | 0.76 | 0.80 | 1.02 | 1.00 | 1.01 | 0.87 | 0.89 | 1.27 | ||
| 15.37 | 10.43 | 26.19 | 32.43 | 7.17 | 16.09 | 9.35 | 25.62 | 30.47 | 3.01 | ||
| -20.6% | 30.0% | 19.9% | -146.2% | 78.2% | 200.9% | 194.6% | 5.3% | -263.8% | 15.4% | ||
| -1.3% | 2.6% | 0.7% | -4.4% | 9.6% | 11.8% | 18.8% | 0.2% | -8.4% | 3.8% | ||
| 2.16 | 2.43 | 3.70 | 1.71 | 6.93 | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 18 | 19 | 17 | 16 |
| full-time | 16 | 18 | 18 | 16 | 16 |
| part-time | 0 | - | 1 | 1 | - |
| in full-time equivalents | 16 | 18 | 18.8 | 16.6 | 16 |
| 17.4 | 18.2 | 17.6 | 16 | 15.7 | |
| On a permanent contract | 16 | 18 | 19 | 17 | 16 |
| Joined | 1 | 3 | 4 | 5 | 3 |
| Left | 3 | 4 | 2 | 4 | 1 |
| Training hours | 192 | 144 | 384 | 404 | 312 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,373 | €10,322 | €17,471 | €322,926 | €40,840 |
| Intangible fixed assets | €17,750 | €9,000 | €37,346 | €27,227 | - |
| Financial fixed assets | €0 | - | €300 | - | - |
| €41,665 | €50,877 | €51,161 | €30,016 | €13,145 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 49% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total rises from 91.2% to 93.9%. Equity is lower and debt is higher.
Source: shareholder structure in its own accounts
Codacious has no parent and no holdings in its annual accounts. AXXES is the only director.
| Tech Tribes Group
registered office since 22-02-2024 · founded in 2024 |
total assets €169.1m (2025) 1006.330.359 |
| AXXES
registered office since 19-02-1998 · founded in 1998 · group Tech Tribes Group |
269 FTE (2025) 0462.721.177 |
| TT Management Pool BE
establishment since 22-04-2024 · founded in 2024 |
total assets €15.0m (2025) 1008.654.696 |
| Kangaroot Holding
registered office since 02-12-2022 · founded in 2022 · group Tech Tribes Group |
turnover €475,067 (2025) 0794.349.628 |
| Tech Tribes sourcing
registered office since 19-09-2016 · founded in 2016 · group Tech Tribes Group |
total assets €1.4m (2025) 0662.622.836 |
| TT BEL Management Pool 2
registered office since 18-09-2025 |
founded in 2025 1030.085.659 |
| TT BEL Management Pool
registered office since 25-04-2024 |
founded in 2024 1010.658.341 |
The network lets you explore the ties of Codacious.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Entrepotkaai 10A registered office 2000 Antwerp | ||
| Herenboslaan 41 2500 Lier | 26-11-2015 | 2.247.924.619 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11802B0059/00G002 | 4,909 m² | 1 · 2,973 m² | 31.0 m · 10 |
| 12019B0518/00D000 | 845 m² | 1 · 148 m² | 7.6 m · 2 |
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