Code 1
ActiveSummary
The computed 12-month bankruptcy probability of Code 1 is 2.1% (moderate). The 2025 annual accounts show negative equity (-€23,412) and a net result of -€510. Equity is shrinking by ~25.4% per year across the filed fiscal years. The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 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 6,943 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €192 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166 | - | - | - | - | - |
| Other operating charges640/8 | €101 | - | €503 | €525 | €535 | ▲ 2.0% |
| Gross operating margin9900 | -€3,248 | -€2,108 | -€2,379 | -€4,495 | €70 | ▲ 102% |
| Operating profit (loss)9901 | -€3,706 | -€2,108 | -€2,882 | -€5,020 | -€465 | ▲ 90.7% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €64 | €34 | €59 | €45 | €45 | = |
| Recurring financial charges65 | €64 | €34 | €59 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | -€3,770 | -€2,141 | -€2,941 | -€5,065 | -€510 | ▲ 89.9% |
| Income taxes67/77 | €116 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€3,886 | -€2,141 | -€2,941 | -€5,065 | -€510 | ▲ 89.9% |
| Profit (loss) for the period to be appropriated9905 | -€3,886 | -€2,141 | -€2,941 | -€5,065 | -€510 | ▲ 89.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €919 | €1,053 | €759 | €436 | €2,029 | ▲ 365% |
| Current assets29/58 | €919 | €1,053 | €759 | €436 | €2,029 | ▲ 365% |
| Amounts receivable within one year40/41 | €472 | €404 | - | - | - | - |
| Other amounts receivable41 | €472 | €404 | - | - | - | - |
| Cash at bank and in hand54/58 | €447 | €648 | €759 | €436 | €2,029 | ▲ 365% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €919 | €1,053 | €759 | €436 | €2,029 | ▲ 365% |
| Equity10/15 | -€12,755 | -€14,896 | -€17,837 | -€22,901 | -€23,412 | ▼ 2.2% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €14,920 | €14,920 | €14,920 | €14,920 | €14,920 | = |
| Non-distributable reserves130/1 | €1,800 | €1,800 | - | - | - | - |
| Reserves not available under the articles1311 | €1,800 | €1,800 | - | - | - | - |
| Distributable reserves133 | €13,120 | €13,120 | €14,920 | €14,920 | €14,920 | = |
| Profit (loss) carried forward14 | -€46,225 | -€48,366 | -€51,307 | -€56,371 | -€56,882 | ▼ 0.9% |
| Amounts payable17/49 | €13,674 | €15,949 | €18,595 | €23,337 | €25,441 | ▲ 9.0% |
| Amounts payable within one year42/48 | €13,674 | €15,949 | €18,595 | €23,337 | €25,441 | ▲ 9.0% |
| Trade debts44 | - | - | €778 | - | - | - |
| Suppliers440/4 | - | - | €778 | - | - | - |
| Other amounts payable47/48 | €13,674 | €15,949 | €17,817 | €23,337 | €25,441 | ▲ 9.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,886 | -€2,141 | -€2,941 | -€5,065 | -€510 | ▲ 89.9% |
| + Depreciation and write-downs630 | €166 | - | - | - | - | - |
| Operating cash flow (approximation) | -€3,720 | -€2,141 | -€2,941 | -€5,065 | -€510 | ▲ 89.9% |
| Change in cash | - | €201 | €110 | -€323 | €1,593 | ▲ 594% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1691/00R005 | Flanders | 116 m² | 1 · 85 m² | 14.9 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.