CODACLEAN
ActiveSummary
CODACLEAN has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €201,586 and a net result of €251,097. Equity is shrinking by about 3% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 33% of 21,080 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 0.4 FTE
- Equity
- €201,586
- Profit
- €251,097
- ALHADEFF Mikaël Salvator AlbertDirector
- CHARLIER KévinDirector
Why 95lowers riskSize: total assets €512,971Sector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.28, cash €109,319Figures for financial year 2025 (filed 16-07-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 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 35% on solvency, 20% on liquidity, 82% on profitability and 99% on growth.
The bankruptcy probability was computed on 28-10-2026 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 last 7 accounts on average 29 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.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €251,097
- Liquidity more than 21 timescurrent ratio 1.28
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €316,349 after a loss of €16,855 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 34,693 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €21,932 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €16 | €50,064 | ▲ 3,053× |
| Other operating charges640/8 | - | - | - | - | - | - | - | €701 | - |
| Gross operating margin9900 | - | - | -€1,109 | - | -€1,105 | -€1,712 | -€16,839 | €389,046 | - |
| Operating profit (loss)9901 | - | - | -€1,109 | - | -€1,105 | -€1,712 | -€16,855 | €316,349 | - |
| Financial income75/76B | - | - | - | - | - | - | €0 | €375 | ▲ 18,750× |
| Recurring financial income75 | - | - | - | - | - | - | €0 | €375 | ▲ 18,750× |
| Financial charges65/66B | - | - | - | - | - | €117 | €135 | €628 | ▲ 365% |
| Recurring financial charges65 | - | - | €650 | - | - | €117 | €135 | €628 | ▲ 365% |
| Profit (loss) for the period before taxes9903 | - | - | -€1,759 | - | -€1,105 | -€1,830 | -€16,990 | €316,097 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €65,000 | - |
| Profit (loss) for the period9904 | - | - | -€1,759 | - | -€1,105 | -€1,830 | -€16,990 | €251,097 | - |
| Profit (loss) for the period to be appropriated9905 | - | - | -€1,759 | - | -€1,105 | -€1,830 | -€16,990 | €251,097 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €454 | €43 | - | - | €1,664 | €1,752 | €66,956 | €512,971 | ▲ 666% |
| Fixed assets21/28 | - | - | - | - | - | - | €59,984 | €113,205 | ▲ 88.7% |
| Intangible fixed assets21 | - | - | - | - | - | - | €59,984 | €103,273 | ▲ 72.2% |
| Tangible fixed assets22/27 | - | - | - | - | - | - | - | €5,573 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | - | €5,573 | - |
| Financial fixed assets28 | - | - | - | - | - | - | - | €4,360 | - |
| Current assets29/58 | €454 | €43 | - | - | €1,664 | €1,752 | €6,972 | €399,766 | ▲ 57× |
| Amounts receivable within one year40/41 | €43 | €43 | - | - | €164 | €456 | €2,592 | €284,974 | ▲ 110× |
| Trade receivables40 | - | - | - | - | - | - | - | €284,974 | - |
| Other amounts receivable41 | - | - | - | - | €164 | €456 | €2,592 | - | - |
| Cash at bank and in hand54/58 | €411 | - | - | - | €1,500 | €1,295 | €1,020 | €109,319 | ▲ 107× |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €3,360 | €5,472 | ▲ 62.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €454 | €43 | - | - | €1,664 | €1,752 | €66,956 | €512,971 | ▲ 666% |
| Equity10/15 | -€27,827 | -€27,827 | -€29,586 | -€29,586 | -€30,691 | -€32,521 | -€49,511 | €201,586 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€34,027 | -€34,027 | -€35,786 | -€35,786 | -€36,891 | -€38,721 | -€55,711 | €195,386 | - |
| Amounts payable17/49 | €28,281 | €27,870 | €29,586 | €29,586 | €32,355 | €34,272 | €116,466 | €311,385 | ▲ 167% |
| Amounts payable within one year42/48 | €28,281 | €27,870 | €29,586 | €29,586 | €32,355 | €34,272 | €116,466 | €311,385 | ▲ 167% |
| Trade debts44 | €920 | - | - | - | €1,269 | €1,686 | €67,326 | €197,321 | ▲ 193% |
| Suppliers440/4 | - | - | - | - | €1,269 | €1,686 | €67,326 | €197,321 | ▲ 193% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €73,978 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €68,769 | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €5,209 | - |
| Other amounts payable47/48 | - | - | - | €29,586 | €31,086 | €32,586 | €49,140 | €40,086 | ▼ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | - | -€1,759 | - | -€1,105 | -€1,830 | -€16,990 | €251,097 | - |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €16 | €50,064 | ▲ 3,053× |
| Operating cash flow (approximation) | - | - | -€1,759 | - | -€1,105 | -€1,830 | -€16,974 | €301,161 | - |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | - | -€103,286 | - |
| Change in cash | - | - | - | - | - | -€205 | -€275 | €108,299 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 16-07-2026 | 2026-00299313 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00459071 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00301617 |
| 31-12-2022 | micro format | 02-08-2023 | 2023-00305622 |
| 31-12-2021 | micro format | 19-08-2022 | 2022-20304434 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200157 |
| 31-12-2019 | micro format | 18-12-2020 | 2020-76300197 |
| 31-12-2018 | micro format | 18-12-2020 | 2020-76300196 |
| 31-12-2017 | micro format | 16-11-2018 | 2018-72200375 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-58100134 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALHADEFF Mikaël Salvator Albert |
|
| CHARLIER Kévin |
|
| GILLES Eliane Andrée Francine Ghislaine |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-12
Gazette deed
Resignation: GILLES Eliane Andrée Francine Ghislaine (manager)Appointments: CHARLIER Kévin (director) and ALHADEFF Mikaël Salvator Albert (director) · Director discharge · Board rule14 facts ▸
- Director resignation, GILLES Eliane Andrée Francine Ghislaine (manager)
- Director discharge, GILLES Eliane Andrée Francine Ghislaine
- Board rule, 2
- Director appointment, CHARLIER Kévin (director (not named in the articles))
- Director appointment, ALHADEFF Mikaël Salvator Albert (director (not named in the articles))
- Registered office clause, “Chaussée de Bruxelles 124,1410 Waterloo, unanimité” (deed in French)
- General meeting, 12-12-2022
- Name change, CODACLEAN
- Purpose change
- Other provision, “adoptée à l’unanimité, adaptation statuts au Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “adoptée à l’unanimité, limitation compte de capitaux propres statutairement indisponible” (deed in French)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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 |
|---|---|---|---|---|
| 25762G0116/00_000 | Wallonia | 1,113 m² | 1 · 358 m² | 12.7 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La conception,la vente,la mise à disposition de logiciel et d’application informatique; Commerce en gros et en détail,revente et achat de…” (deed in French)
4 activities (deed in French)
- La conception,la vente,la mise à disposition de logiciel et d’application informatique
- Commerce en gros et en détail,revente et achat de tous produits informatiques
- Intermédiaire commercial dans les applications informatiques
- Toutes fonctions de consultance,conseils,formations et/ou services liés aux domaines informatiques/internet/marketing,le conseil,la formation,l’expertise technique et créative en tant qu’intermédiaire dans ces domaines
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CODACLEAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, pour autant que sans changement en matière de régime linguistique applicable” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d’administration” (deed in French)“Rémunération des administrateurs, frais représentation voyages déplacements en sus” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, nullité” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction désignés comme liquidateurs en vertu…” (deed in French)