Code à l'os
ActiveSummary
Code à l'os has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,116 and a net result of €67,014. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 72% of 683 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+4
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.39 against 4.83 in 2024; short-term debt: 22.6% and cash: 50.4% of total assets), and 22.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.4%
Return on assets
78.5%
Age of the figures
9 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
29 d early
2023
27 d early
2022
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€66,116▼ 59.7%
2024 · €164,102
Total assets
€85,394▼ 58.6%
2024 · €206,189
Net result
€67,014▲ 49.4%
2024 · €44,853
Working capital
€65,408▼ 59.4%
2024 · €161,246
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€60,703-€85,159▲ 40.3%€55,386▼ 35.0%€83,207▲ 50.2%
Net result€48,471-€68,778▲ 41.9%€44,853▼ 34.8%€67,014▲ 49.4%
Equity€50,471-€119,249▲ 136%€164,102▲ 37.6%€66,116▼ 59.7%
Total assets€73,371-€151,194▲ 106%€206,189▲ 36.4%€85,394▼ 58.6%
Debt€22,900-€31,945▲ 39.5%€42,087▲ 31.8%€19,278▼ 54.2%
Working capital€52,271-€114,245▲ 119%€161,246▲ 41.1%€65,408▼ 59.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Total assets -59% on 2024. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,394
Fixed assets
€708 ▼ 75.2%
Current assets
€84,686 ▼ 58.4%
Equity and liabilities €85,394
Equity
€66,116 ▼ 59.7%
Debt
€19,278 ▼ 54.2%
Debt's share of the balance-sheet total rises from 20.4% to 22.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€85,355▲
2024 · €57,534
Cash flow
€69,162▲
2024 · €47,001
Current ratio
4.39▼
2024 · 4.83
Debt to equity
0.29▲
2024 · 0.26
ROE
101.4%▲
2024 · 27.3%
ROA
78.5%▲
2024 · 21.8%
Interest coverage
293.43▲
2024 · 46.85
Debt ≤ 1 year
€19,278▼
2024 · €42,087
Income taxes
€16,773▲
2024 · €11,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 39,275 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.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,440 | €2,148 | €2,148 | = |
| Other operating charges640/8 | - | €101 | €0 | €684 | - |
| Gross operating margin9900 | €60,703 | €86,700 | €57,534 | €86,039 | ▲ 49.5% |
| Operating profit (loss)9901 | €60,703 | €85,159 | €55,386 | €83,207 | ▲ 50.2% |
| Financial income75/76B | - | €1,171 | €1,941 | €871 | ▼ 55.1% |
| Recurring financial income75 | - | €1,171 | €1,941 | €871 | ▼ 55.1% |
| Financial charges65/66B | €115 | €320 | €1,228 | €291 | ▼ 76.3% |
| Recurring financial charges65 | €115 | €320 | €1,228 | €291 | ▼ 76.3% |
| Profit (loss) for the period before taxes9903 | €60,588 | €86,011 | €56,099 | €83,787 | ▲ 49.4% |
| Income taxes67/77 | €12,117 | €17,232 | €11,246 | €16,773 | ▲ 49.1% |
| Profit (loss) for the period9904 | €48,471 | €68,778 | €44,853 | €67,014 | ▲ 49.4% |
| Profit (loss) for the period to be appropriated9905 | €48,471 | €68,778 | €44,853 | €67,014 | ▲ 49.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €73,371 | €151,194 | €206,189 | €85,394 | ▼ 58.6% |
| Fixed assets21/28 | - | €5,004 | €2,856 | €708 | ▼ 75.2% |
| Tangible fixed assets22/27 | - | €5,004 | €2,856 | €708 | ▼ 75.2% |
| Plant, machinery and equipment23 | - | €5,004 | €2,856 | €708 | ▼ 75.2% |
| Current assets29/58 | €73,371 | €146,190 | €203,333 | €84,686 | ▼ 58.4% |
| Amounts receivable within one year40/41 | €40,268 | €72,457 | €73,381 | €40,780 | ▼ 44.4% |
| Trade receivables40 | €40,268 | €44,911 | €42,753 | €34,419 | ▼ 19.5% |
| Other amounts receivable41 | - | €27,546 | €30,627 | €6,361 | ▼ 79.2% |
| Cash at bank and in hand54/58 | €33,103 | €72,561 | €126,841 | €43,035 | ▼ 66.1% |
| Deferred charges and accrued income490/1 | - | €1,171 | €3,112 | €871 | ▼ 72.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €73,371 | €151,194 | €206,189 | €85,394 | ▼ 58.6% |
| Equity10/15 | €50,471 | €119,249 | €164,102 | €66,116 | ▼ 59.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | - | - | €64,116 | - |
| Distributable reserves133 | - | - | - | €64,116 | - |
| Profit (loss) carried forward14 | €48,471 | €117,249 | €162,102 | €0 | ▼ 100% |
| Amounts payable17/49 | €22,900 | €31,945 | €42,087 | €19,278 | ▼ 54.2% |
| Amounts payable within one year42/48 | €21,100 | €31,945 | €42,087 | €19,278 | ▼ 54.2% |
| Trade debts44 | €2,194 | €918 | €2,791 | €1,381 | ▼ 50.5% |
| Suppliers440/4 | €2,194 | €918 | €2,791 | €1,381 | ▼ 50.5% |
| Taxes, remuneration and social security45 | €18,906 | €31,027 | €39,297 | €17,897 | ▼ 54.5% |
| Taxes450/3 | €18,906 | €31,027 | €39,297 | €17,897 | ▼ 54.5% |
| Accrued charges and deferred income492/3 | €1,800 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48,471 | €68,778 | €44,853 | €67,014 | ▲ 49.4% |
| + Depreciation and write-downs630 | - | €1,440 | €2,148 | €2,148 | = |
| Operating cash flow (approximation) | €48,471 | €70,218 | €47,001 | €69,162 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €39,458 | €54,279 | -€83,805 | ▼ 254% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €44,853 ▼34.8%
Net result drops to €44,853, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150,000Eq €164,102 ▲37.6%
3 profitable years in a row build equity to €164,102.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €68,778 ▲41.9%
Operating result €85,159, net result €68,778, both a record.
31-12
Financial
Equity above €100,000Eq €119,249 ▲136%
2 profitable years in a row build equity to €119,249.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
Ground area
126 m²
Building footprint
126 m²
Volume, LiDAR
2,169 m³
Parcel 21811M1121/00E003, Brussels · tallest building 24.1 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Code à l'os
since 20222.329.773.417
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21811M1121/00E003 | Brussels | 126 m² | 1 · 126 m² | 24.1 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
YEATAPP
BE 0788.681.165
Knokke-Heist · Eq €66,182
NFT HOLDING
BE 0786.434.824
Beernem · Eq €66,489
RightCrowd NV
BE 0715.904.540
Gent · Eq €66,571
INDY GAMES
BE 0771.516.719
Oupeye · Eq €65,052
FORGE OF ANALYTICS
BE 0788.904.463
Ukkel · Eq €67,319
Of 1,289 companies in sector 58290 we hold annual accounts for 594. 465 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
78100Employment placement agencies
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0780855938
Also
9925:BE0780855938
Registered
30-10-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.