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Code 1

Active Private limited companyfounded 2009active for 17 yearsBoudewijnsstraat 18, 2018 AntwerpKBO/BCE: BE 0819.226.168
Code 1
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Overview

Lifetime

16 annual accounts with figures on one time axis
peak €91,595 (2015)
€70▲ €4,565
lowest -€56,001 (2016)
-€510▲ €4,555
peak €84,221 (2015)
-€23,412▼ €511
€25,441▲ 9.0%
Board1 name since 2021
1 director
Documentsfilings and deeds
11-06-202650 days before the deadline
2025micro format
Gross margin from -€4,495 to €70Loss of €510Cash from €436 to €2,029

Key points

from the 2025 annual accounts

Equity

-€23,412
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€108,183 in ten years
-56,001201620172018201920202021202220232024-5102025

Every financial year from 2016 to 2025 closed with a loss. 2016 was the heaviest.

Filings

16 annual accounts since 2010
AprilJune31 JulyOctober2010201520202025

The last five annual accounts were filed 45 to 53 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 6,909 companies had the same profile as Code 1 has now. Each dot stands for 18 companies, two years later.

85.4%
were still trading
8.1%
stopped another way
5.8%
went bankrupt
  • Micro
  • 10 to 20 years old
  • negative equity
  • a loss of 10% of the balance sheet or more

Another 0.7% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 6,909 companies, not a prediction for Code 1. 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 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

Board and ownership

Director
  • all the sharesdeed of 11-01-2024
Board & ownership

Recent changes

Appointment: (director) Legal-form conversion: to private limited company · holds all the shares · General meeting of 12-12-2023 · Gazette deed
Incorporation published on 13-10-2009 · Gazette deed
First establishment Boudewijnsstraat 18, Antwerp
All 23 events

Official details

Source: KBO
Status
Active since 02-10-2009Normal situation
Activity
No activity registered in the KBO
Establishment unit
2.182.141.9892018 Antwerp, since 02-10-2009
Financial year end
31 December
Peppol
Not found in the Peppol Directory
Company details

Annual accounts 2025

€70
≈ €530estimated
€510▼ 89.9%
-€23,412▼ 2.2%
€2,029▲ 365%
Filing
Filed on 11-06-2026, 50 days before the end of the filing period
Financials

Insights on Code 1

Code 1 files the micro format. That format states no turnover. The gross margin fell from €24,129 in 2010 to €70 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 11-06-2026, 50 days before the deadline
€70
▲ €4,565
-€465
▲ €4,555
-€510
▲ €4,555
-€23,412
▼ €511
-
-

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 ≈ €530. Estimated: probably between €240 and €1,300.

Balance sheet

balance sheet total €2,029 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010
Balance sheet: assets
20/58 2,0294367591,0539197313,26910,50218,43335,976107,13564,2634,2169,57410,49816,450
21/28 -----1663314966901,5909,22816,870----
22/27 -----1663314966901,5909,22816,870----
23 -----166331496-209419628----
24 --------6901,3818,80916,242----
29/58 2,0294367591,0539195662,93810,00617,74334,38597,90747,3934,2169,57410,49816,450
40/41 ---4044724541,0681,0901,266982-10,6634,2168,70010,36414,693
40 ------350424---10,6634,2168,70010,36414,693
41 ---4044724547186661,266982------
54/58 2,0294367596484471121,8707,71015,26332,18296,69335,027-8741341,757
490/1 -------1,2061,2141,2221,2151,703----
Balance sheet: equity and liabilities
10/49 2,0294367591,0539197313,26910,50218,43335,976107,13564,2634,2169,57410,49816,450
10/15 -23,412-22,901-17,837-14,896-12,755-8,869-4,3272,76510,89328,22084,22132,9203,7499,0759,99814,918
10/11 18,55018,55018,55018,55018,55018,55018,00018,00018,00018,00018,00018,00018,00018,00018,00018,000
100 ------18,00018,00018,00018,00018,00018,00018,00018,00018,00018,000
13 14,92014,92014,92014,92014,92014,92014,92014,92014,92014,92014,92014,920----
130/1 ---1,8001,8001,800----------
130 ------1,8001,8001,8001,8001,8001,800----
1311 ---1,8001,8001,800----------
133 14,92014,92014,92013,12013,12013,12013,12013,12013,12013,12013,12013,120----
14 -56,882-56,371-51,307-48,366-46,225-42,339-37,246-30,155-22,026-4,70051,301--14,251-8,925-8,002-3,082
17/49 25,44123,33718,59515,94913,6749,6007,5967,7377,5407,75622,91531,3434664995001,532
42/48 25,44123,33718,59515,94913,6749,6007,5967,7377,5407,75622,91531,3434664995001,532
43 ------------13---
430/8 ------------13---
44 --778----1412,3352,8402,83427,517454---
440/4 --778----1412,3352,8402,83427,517454---
45 ---------2,34414,3103,826---1,032
450/3 ----------14,3103,826---1,032
454/9 ---------2,344------
47/48 25,44123,33717,81715,94913,6749,6007,5967,5965,2052,5715,771--499500500
Income statement
9900 70-4,495-2,379-2,108-3,248-3,583-6,101-5,657-15,901-47,29691,59542,694-3,8741,360-87324,129
62 ----192188184---------
630 ----1661651658569007,6387,6427,642----
640/8 535525503-1014394351,4094601,3657648902902,1343,86927,027
9901 -465-5,020-2,882-2,108-3,706-4,375-6,885-7,922-17,260-56,29983,18934,162-4,164-774-4,742-2,898
75/76B 0----1-1128554594----
75 0----1-1128554594----
65/66B 454559346459240444113042851,162149178184
65 454559346459240444113042851,162149178184
9903 -510-5,065-2,941-2,141-3,770-4,966-6,925-7,955-17,273-56,37483,19134,170-5,326-923-4,920-3,082
67/77 ----11612616717454-37331,8905,000----
9904 -510-5,065-2,941-2,141-3,886-5,092-7,091-8,129-17,326-56,00151,30129,170-5,326-923-4,920-3,082
9905 -510-5,065-2,941-2,141-3,886-5,092-7,091-8,129-17,326-56,00151,30129,170-5,326-923-4,920-3,082
Appropriation of the result
9906 -56,882-56,371-51,307-48,366-46,225-42,339-37,246-30,155-22,026-4,70051,30114,920-14,251-8,925-8,002-3,082
14P -56,371-51,306-48,366-46,225-42,339-----------
691/2 -----------14,920----
6920 -----------1,800----
6921 -----------13,120----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 11-06-2026.

Download as CSV

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 11-06-2026 2026-00153808 PDF
31-12-2024 micro format 12-06-2025 2025-00138682 PDF
31-12-2023 micro format 13-06-2024 2024-00127231 PDF
31-12-2022 micro format 08-06-2023 2023-00113904 PDF
31-12-2021 micro format 16-06-2022 2022-20067100 PDF
31-12-2020 micro format 15-07-2021 2021-35800005 PDF
31-12-2019 micro format 07-07-2020 2020-27000210 PDF
31-12-2018 micro format 04-07-2019 2019-28600264 PDF
31-12-2017 micro format 03-07-2018 2018-28100515 PDF
31-12-2016 micro format 03-07-2017 2017-26300519 PDF
31-12-2015 abbreviated format 05-07-2016 2016-27900600 PDF
31-12-2014 abbreviated format 02-07-2015 2015-26100161 PDF
31-12-2013 abbreviated format 30-06-2014 2014-24400260 PDF
31-12-2012 abbreviated format 12-06-2013 2013-17100416 PDF
31-12-2011 abbreviated format 03-07-2012 2012-25300394 PDF
31-12-2010 abbreviated format 30-09-2011 2011-56500396 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010
-----3,541-4,210-6,720-7,066-16,360-48,66190,83141,804----
-----3,720-4,927-6,926-7,273-16,426-48,36358,94336,812----
----00066200024,512----
1,593-323110201335-1,758-5,840-7,553-16,919-64,51161,666--740-1,623-
-23,412-22,901-17,837-14,896-12,755-9,034-4,6582,26810,20326,62974,99316,0503,7499,0759,99814,918
-------26.3%59.1%78.4%78.6%51.2%-94.8%95.2%90.7%
-------1.292.354.434.271.51-19.1921.0010.74
-------2.800.690.270.270.95-0.050.050.10
--------294.0%-159.1%-198.4%60.9%88.6%--10.2%-49.2%-20.7%
--------77.4%-94.0%-155.7%47.9%45.4%--9.6%-46.9%-18.7%
-----55.75-----------

The ratios are withheld because a balance sheet total of €2,029 is too small for a meaningful ratio.

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.

Insights on Code 1

The operating result for 2025 is a loss of €465, smaller than the loss of €5,020 in 2024.

Equity is negative. Debt (€25,441) exceeds the balance-sheet total (€2,029).

Board & ownership

Board

1 director, last change in 2024
Director
appointed by deed of 11-01-2024
listed in the 2023 annual accounts, filed on 13-06-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
Boardmandate already running before its first mention
Mandates as a list
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

Shareholder
This company
Code 1
Equity -€23,412
Loss €510 in 2025

Capital

Contribution
€18,550
Source
2025 annual accounts

Shareholders

Stated in the deed deed of 11-01-2024 ↗
  • all shares

Network & group

No group

Code 1 has no parent and no holdings in its annual accounts. is the only director. Code 1 shares no director with another company.

Timeline

Timeline

23 events since 2009

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 50 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 49 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 48 days before the deadline
Appointment: (director)Legal-form conversion: to private limited company · holds all the shares · General meeting of 12-12-20235 points ▸
  • General meeting, 12-12-2023
  • Legal-form conversion, to private limited company
  • Kind of shares, 1.8
  • Director appointment,
  • holds all the shares
  • The deed holds 7 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 53 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · 45 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 16 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 24 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 27 days before the deadline
2018
Annual accounts 2017 filed PDFmicro format · 28 days before the deadline
2017
Annual accounts 2016 filed PDFmicro format · 28 days before the deadline
2016
Weakest financial year net -€56,001 The net result drops to -€56,001, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2015 filed PDFabbreviated format · 26 days before the deadline
2015
Highest result from 2010 to 2025 net €51,301 ▲75.9% The operating result of €83,189 and the net result of €51,301 are both a record.
Liquidity more than doubled current ratio 4.27 The current ratio rises from 1.51 to 4.27. Short-term debt falls from €31,343 to €22,915.
Annual accounts 2014 filed PDFabbreviated format · 29 days before the deadline
2014
Back to profit net €29,170 The net result is €29,170, after 4 loss-making years.
Annual accounts 2013 filed PDFabbreviated format · 31 days before the deadline
2013
Annual accounts 2012 filed PDFabbreviated format · 49 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 28 days before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 61 days late
2009
Incorporation PDFpublished on 13-10-2009
First establishment Boudewijnsstraat 18, Antwerp

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Code 1 was incorporated on 2 October 2009.1 Total assets fell from €10,502 in 2018 to €2,029 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0819.226.168
VAT number
BE 0819.226.168
Legal form
Private limited company
Status
Active, normal situation
Founded
02-10-2009
Financial year
ends on 31 December
Peppol
Not found in the Peppol Directory
Name
Code 1 in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 11-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Boudewijnsstraat 18 registered office 2018 Antwerp 46500 Wholesale of information and communication equipment 02-10-2009 2.182.141.989

Buildings and parcels at the address

Ground area
116 m²
Buildings
85 m²
Volume, LiDAR
660 m³
Tallest building
14.9 m
Buildings to scale, each on its own parcel
85 m², 14.9 m 85 m², 14.9 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11810K1691/00R005116 m² 1 · 85 m² 14.9 m · 3

Invoicing and payment

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