Turnover
≈ €110,000 estimated
The micro format states no turnover.
CODALYST
Overview
Lifetime
1 annual account with figurespeak €34,559 (2025)
€34,559
peak €26,029 (2025)
€26,029
peak €27,029 (2025)
€27,029
€28,015
Board1 name since 2025
1 directorALBRECQ, Timothy Jean Michel
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Incorporation 22-091 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 62% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Financial strengthStrong
Score breakdown
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.91, cash €36,328
Size: total assets €55,043
Equity €27,029 (49.1% of total assets)
Calculation
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, micro). It does better than 42% of them on solvency, 61% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 11,279 companies had the same profile as CODALYST has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of CODALYST itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,448 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 11,279 companies, not a prediction for CODALYST. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.91, above the usual 1.5. Short-term debt is 45.3% and cash 66% of total assets. However, 50.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
21 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1027785175
Incorporation
Founding capital of €1,000, 100 shares · Founder: ALBRECQ, Timothy Jean Michel · Appointment: ALBRECQ, Timothy Jean Michel (director) · published on 22-09-2025 · Gazette deed
First establishment
Industrielaan 9, Anderlecht
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODALYST Anderlecht | €55,043 | €34,559 | 49.1% | - |
| VICTORIX Perwez | €58,612 | €37,204 | 47.8% | - |
| SyNex Consulting Ternat | €54,770 | €38,698 | 60.1% | - |
| ANGELO KEIRSEBILCK Knokke-Heist | €47,113 | €32,019 | 61.0% | - |
| MONARK AIOPS Grez-Doiceau | €55,016 | €40,764 | 20.2% | - |
| BRIDGED Berlare | €46,198 | €34,254 | 61.5% | - |
| THG Amelior Wezembeek-Oppem | €50,606 | €40,055 | 64.3% | - |
These companies have the same main activity as CODALYST: computer programming (NACE 62100). They are comparable in size and age: total assets between €46,200 and €58,600, founded in 2025.
Official details
Source: KBO- Status
- Active since 18-09-2025Normal situation
- Registered office
- 222 active companies are registered at this address25 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.378.257.6781070 Anderlecht, since 18-09-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 03-11-2025
Annual accounts 2025
- €34,559
- €26,029
- €27,029
- €55,043
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on CODALYST
CODALYST has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,029 and a net result of €26,029.
Its solvency ranks better than 40% of 21,217 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 10-07-2026, 21 days before the deadline€34,559
€33,947
€26,029
€22,603
49.1%
1.91
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €88,000 and €150,000.
Balance sheet
balance sheet total €55,043 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
49.1%
Higher than 40% of 21,217 companies in 2025.
1.91
Higher than 41% of 20,581 companies in 2025.
47.3%
Higher than 84% of 20,756 companies in 2025.
CODALYST
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
55,043 | |
21/28 |
7,512 | |
22/27 |
7,512 | |
23 |
949 | |
24 |
6,563 | |
29/58 |
47,531 | |
40/41 |
10,890 | |
40 |
10,890 | |
54/58 |
36,328 | |
490/1 |
313 | |
| Balance sheet: equity and liabilities | ||
10/49 |
55,043 | |
10/15 |
27,029 | |
10/11 |
1,000 | |
14 |
26,029 | |
17/49 |
28,015 | |
17 |
3,087 | |
170/4 |
3,087 | |
42/48 |
24,928 | |
42 |
1,453 | |
44 |
1,020 | |
440/4 |
1,020 | |
45 |
19,121 | |
450/3 |
17,184 | |
454/9 |
1,937 | |
47/48 |
3,334 | |
| Income statement | ||
9900 |
34,559 | |
630 |
612 | |
9901 |
33,947 | |
65/66B |
1,127 | |
65 |
1,127 | |
9903 |
32,821 | |
67/77 |
6,792 | |
9904 |
26,029 | |
9905 |
26,029 | |
| Appropriation of the result | ||
9906 |
26,029 | |
| Document | ||
The notes to these accounts have 6 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 10-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 10-07-2026 | 2026-00277345 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 34,559 | ||
| 26,640 | ||
| 8,124 | ||
| 22,603 | ||
| 49.1% | ||
| 1.91 | ||
| 1.04 | ||
| 96.3% | ||
| 47.3% | ||
| 30.68 |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €8,124 |
| €612 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on CODALYST
Debt's share of the balance-sheet total is 50.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 18-09-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 10-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 22-09-2025
Mandates through the years
1 name, the dashed line is todayALBRECQ, Timothy Jean Michel
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- ALBRECQ, Timothy Jean Michel
- Director (not named in the articles), from 18-09-2025 to date
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €270 in 2025
- Source
- deed of 22-09-2025
Articles of association
deed of 22-09-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “La société peut être dissoute en tout temps, par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications…”
Shareholders
At incorporation
deed of 22-09-2025 ↗
- ALBRECQ, Timothy Jean Michel 100 shares (100%) · €1,000 in cash
Network & group
No group
CODALYST has no parent and no holdings in its annual accounts. ALBRECQ, Timothy Jean Michel is the only director. CODALYST shares no director with another company.
At the same address
Industrielaan 9, 1070 Anderlecht · 221 other companies| UNILEVER BELGIUM
registered office since 21-11-2019 · founded in 1989 |
256 FTE (2024) 0438.390.312 |
| GRENKE LEASE
registered office since 13-05-2005 · founded in 2005 |
41 FTE (2025) 0873.803.219 |
| RB HYGIENE HOME BELGIUM
registered office since 20-11-2018 · founded in 2018 · accounts filed late |
43 FTE (2024) 0713.700.165 |
| EJ BENELUX ACCESS SOLUTIONS
registered office since 08-01-1988 · founded in 1987 |
turnover €12.9m (2025) 0432.946.830 |
| VERSUNI BELGIUM
registered office since 15-09-2020 · founded in 2020 |
8.5 FTE (2025) 0754.449.172 |
| REGUS BELGIUM
establishment since 19-03-2019 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| FutureEnergyFund
registered office since 18-03-2021 · founded in 2021 · negative equity (2024) · accounts filed late |
total assets €17.9m (2024) 0765.384.240 |
| UNIVERSAL FOODING
registered office since 02-09-2021 · founded in 2021 · accounts filed late |
8.8 FTE (2024) 0773.469.882 |
| LEYINVEST HOLDING
registered office since 15-01-2021 · founded in 2020 |
total assets €14.5m (2026) 0761.661.915 |
| LEYINVEST
registered office since 22-06-1998 · founded in 1990 |
total assets €11.3m (2026) 0442.810.344 |
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1027785175
IncorporationFounding capital of €1,000, 100 shares · Founder: ALBRECQ, Timothy Jean Michel · Appointment: ALBRECQ, Timothy Jean Michel (director) · published on 22-09-20255 points ▸
- Founder, ALBRECQ, Timothy Jean Michel
- Founding capital, €1,000, 100 shares
- Registered office clause, Boulevard Industriel 9, 1070 Anderlecht
- Director appointment, ALBRECQ, Timothy Jean Michel (director (not named in the articles))
- Power of attorney, Martins Accounting SRL
- The deed holds 7 more points.
First establishment Industrielaan 9, Anderlecht
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1027.785.175
- VAT number
- BE 1027.785.175
- Peppol ID
- 0208:1027785175
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-09-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of Junedeed of 22-09-2025 (in French)
- Meeting accessThe articles set who may attend the meeting and what is needed to be admitted.
- “Si seul le droit de vote est suspendu, le titulaire peut participer à l'assemblée générale sans pouvoir participer au vote”deed of 22-09-2025 (in French)
- Voting ruleThe articles set which majority the meeting decides by, for example a simple or a special majority.
- “Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…”“Un actionnaire qui ne peut être présent a en outre la faculté de voter par écrit avant l'assemblée générale, Une procuration octroyée reste…”“Sauf dans les cas prévus par la loi ou les présents statuts, les décisions sont prises à la majorité des voix, quel que soit le nombre de…”deed of 22-09-2025 (in French)
- Peppol
- Reachable since 03-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODALYST in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-09-2025 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 22-09-2025 (in French)
Activities
NACEBEL 202562100
Computer programming main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La programmation informatique; La gestion d’installations informatiques; La fourniture de services de conseil en informatique; Le traitement…”deed of 22-09-2025 (in French)
8 activities
- La programmation informatique
- La gestion d’installations informatiques
- La fourniture de services de conseil en informatique
- Le traitement et l’hébergement de données, y compris leur extraction, analyse, stockage, sécurisation et gestion
- La conception, le développement, la mise en œuvre, la maintenance, la commercialisation et la vente de logiciels, d’applications, de solutions informatiques, de plateformes digitales et de tout autre programme ou système informatique
- La prestation de services de formation, de consultance, de support technique et de gestion de projets informatiques pour les entreprises et les particuliers
- La vente, l’achat, l’importation, l’exportation, la location, l’entretien, la réparation, la fabrication et la représentation de tout matériel informatique, électronique ou audiovisuel, y compris les accessoires, logiciels, composants, appareils et équipements liés aux activités précitées
- La location et/ou la vente d’espaces publicitaires ou non, commerciaux ou non, sur des supports ou infrastructures informatiques connectés à Internet de manière permanente, ainsi que le commerce de tous biens ou services susceptibles d’être proposés par voie électronique, via Internet ou tout autre canal existant ou à venir
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Industrielaan 9 registered office 1070 Anderlecht | 18-09-2025 | 2.378.257.678 |
Buildings and parcels at the address
- Ground area
- 9,783 m²
- Buildings
- 4,538 m²
- Volume, LiDAR
- 73,760 m³
- Tallest building
- 28.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21306C0289/00B004 | 9,782 m² | 1 · 4,538 m² | 28.4 m · 7 |