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CODE Architecte

Active
Private limited companyfounded 20187 yrs activeRue des Faucons(BU) 69, 5004 Namur, BelgiumKBO/BCE: BE 0716.946.301
Summary

CODE Architecte has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €175,416 and a net result of €25,416. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 825 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · fiscal year 2025, full schema

Turnover
€38,948
EBIT margin
-30.8%
Net result
€25,416▲ 1,179%
2024 · €1,987
Working capital
€507
2024 · -€9,384
Trend over the years

2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,018% above 2024 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€34,346 2025 Net result€25,416 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€38,948
Operating result€1,092--€10,154-€11,995▼ 18.1%€12,783€3,062▼ 76.0%€3,072▲ 0.3%€34,346▲ 1,018%
Net result€269--€10,340below the sector's middle half-€12,152below the sector's middle half▼ 17.5%€12,739within the sector's middle half€3,030within the sector's middle half▼ 76.2%€1,987within the sector's middle half▼ 34.4%€25,416within the sector's middle half▲ 1,179%
EBIT margin-30.8%
Equity€6,213--€4,127below the sector's middle half-€3,879below the sector's middle half▲ 6.0%€33,861below the sector's middle half€36,801below the sector's middle half▲ 8.7%€38,486below the sector's middle half▲ 4.6%€175,416within the sector's middle half▲ 356%
Total assets€12,292-€10,477below the sector's middle half▼ 14.8%€7,017below the sector's middle half▼ 33.0%€35,906below the sector's middle half▲ 412%€37,042below the sector's middle half▲ 3.2%€66,968below the sector's middle half▲ 80.8%€756,397within the sector's middle half▲ 1,029%
Debt€6,079-€14,604▲ 140%€10,896▼ 25.4%€2,045▼ 81.2%€241▼ 88.2%€28,482▲ 11,718%€580,981▲ 1,940%
Working capital-€1,489--€8,789below the sector's middle half▼ 490%-€3,921below the sector's middle half▲ 55.4%€31,700within the sector's middle half€35,346within the sector's middle half▲ 11.5%-€9,384below the sector's middle half€507below the sector's middle half
Solvency50.5%--39.4%below the sector's middle half▼ 89.9pp-55.3%below the sector's middle half▼ 15.9pp94.3%above the sector's middle half▲ 149.6pp99.3%above the sector's middle half▲ 5.0pp57.5%within the sector's middle half▼ 41.9pp23.2%within the sector's middle half▼ 34.3pp
Current ratio0.76-0.40below the sector's middle half▼ 0.360.64below the sector's middle half▲ 0.2416.50above the sector's middle half▲ 15.860.67below the sector's middle half1.03below the sector's middle half▲ 0.35
Return on assets (ROA)2.2%--98.7%below the sector's middle half▼ 100.9pp-173.2%below the sector's middle half▼ 74.5pp35.5%above the sector's middle half▲ 208.7pp8.2%within the sector's middle half▼ 27.3pp3.0%within the sector's middle half▼ 5.2pp3.4%within the sector's middle half▲ 0.4pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €747,255
Fixed assets €726,628 ▲ 1,418%
Current assets €20,627 ▲ 8.0%
Equity and liabilities €756,397
Equity €175,416 ▲ 356%
Debt €580,981 ▲ 1,940%
Debt's share of the balance-sheet total rises from 42.5% to 76.8%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€35,386▲
2024 · €3,778
Cash flow
€26,456▲
2024 · €2,693
Debt to equity
3.31▲
2024 · 0.74
ROE
14.5%▲
2024 · 5.2%
Interest coverage
12.75▲
2024 · 10.79
Debt ≤ 1 year
€20,120▼
2024 · €28,482
Debt > 1 year
€560,861
Income taxes
€6,154▲
2024 · €1,509
Staff costs
€4,880
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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% 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 2,372 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€66,968€756,397▲
Formation expenses20-€9,142
Fixed assets21/28€47,870€726,628▲
Tangible fixed assets22/27€47,828€726,376▲
Furniture and vehicles24€706-
Assets under construction and advance payments27€47,122€726,376▲
Financial fixed assets28€42€252▲
Current assets29/58€19,098€20,627▲
Amounts receivable within one year40/41€1,019€12,161▲
Trade receivables40-€5,925
Other amounts receivable41€1,019€6,236▲
Cash at bank and in hand54/58€3,079€1,978▼
Deferred charges and accrued income490/1€15,000€6,488▼
Equity and liabilities
Total equity and liabilities10/49€66,968€756,397▲
Equity10/15€38,486€175,416▲
Contributions10/11€21,121€150,000▲
Profit (loss) carried forward14€17,365€25,416▲
Amounts payable17/49€28,482€580,981▲
Amounts payable after more than one year17-€560,861
Financial debts170/4-€560,861
Amounts payable within one year42/48€28,482€20,120▼
Current portion of amounts payable after more than one year42-€17,939
Trade debts44€646€2,181▲
Suppliers440/4€646€2,181▲
Taxes, remuneration and social security45€357-
Taxes450/3€357-
Other amounts payable47/48€27,479-
Income statement Code20242025
Remuneration, social security and pensions62-€4,880
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€706€1,040▲
Other operating charges640/8€673€295▼
Gross operating margin9900€4,451€40,561▲
Operating profit (loss)9901€3,072€34,346▲
Financial income75/76B€774-
Recurring financial income75€774-
Financial charges65/66B€350€2,776▲
Recurring financial charges65€350€2,776▲
Profit (loss) for the period before taxes9903€3,496€31,570▲
Income taxes67/77€1,509€6,154▲
Profit (loss) for the period9904€1,987€25,416▲
Profit (loss) for the period to be appropriated9905€1,987€25,416▲
Appropriation of the result
Profit (loss) to be appropriated9906€17,365€42,781▲
Profit (loss) brought forward from the previous period14P€15,378€17,365▲
Transfer to equity691/2-€17,365
To contributions691-€17,365

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Turnover70--€38,948-----
Goods, raw materials, services and sundry goods60/61--€45,735-----
Remuneration, social security and pensions62------€4,880-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,830€4,123€4,620-€706€706€1,040▲ 47.3%
Other operating charges640/8--€588€596€656€673€295▼ 56.2%
Gross operating margin9900€5,620-€5,439-€6,787€13,379€4,424€4,451€40,561▲ 811%
Operating profit (loss)9901€1,092-€10,154-€11,995€12,783€3,062€3,072€34,346▲ 1,018%
Financial income75/76B----€664€774--
Recurring financial income75----€664€774--
Financial charges65/66B--€130€44€40€350€2,776▲ 693%
Recurring financial charges65€130€48€130€44€40€350€2,776▲ 693%
Profit (loss) for the period before taxes9903€962-€10,202-€12,125€12,739€3,686€3,496€31,570▲ 803%
Income taxes67/77€693€138€27-€656€1,509€6,154▲ 308%
Profit (loss) for the period9904€269-€10,340-€12,152€12,739€3,030€1,987€25,416▲ 1,179%
Profit (loss) for the period to be appropriated9905€269-€10,340-€12,152€12,739€3,030€1,987€25,416▲ 1,179%
Line2019202020212022202320242025Change
Assets
Total assets20/58€12,292€10,477€7,017€35,906€37,042€66,968€756,397▲ 1,029%
Formation expenses20€783€392----€9,142-
Fixed assets21/28€6,919€4,270€42€2,161€1,455€47,870€726,628▲ 1,418%
Tangible fixed assets22/27€6,876€4,228-€2,119€1,413€47,828€726,376▲ 1,419%
Furniture and vehicles24---€2,119€1,413€706--
Assets under construction and advance payments27-----€47,122€726,376▲ 1,441%
Financial fixed assets28€43€42€42€42€42€42€252▲ 500%
Current assets29/58€4,590€5,815€6,975€33,745€35,587€19,098€20,627▲ 8.0%
Amounts receivable within one year40/41€3,152€1,056€471€3,000€14,095€1,019€12,161▲ 1,093%
Trade receivables40---€3,000--€5,925-
Other amounts receivable41--€471-€14,095€1,019€6,236▲ 512%
Cash at bank and in hand54/58€725€4,020€6,059€30,745€21,114€3,079€1,978▼ 35.8%
Deferred charges and accrued income490/1--€445-€378€15,000€6,488▼ 56.7%
Equity and liabilities
Total equity and liabilities10/49€12,292€10,477€7,017€35,906€37,042€66,968€756,397▲ 1,029%
Equity10/15€6,213-€4,127-€3,879€33,861€36,801€38,486€175,416▲ 356%
Contributions10/11€6,200€6,200€18,600€21,122€21,121€21,121€150,000▲ 610%
Capital10--€18,600-----
Issued capital100--€18,600-----
Reserves13€13€13€13-----
Non-distributable reserves130/1--€13-----
Legal reserve130--€13-----
Profit (loss) carried forward14--€10,340-€22,492€12,739€15,680€17,365€25,416▲ 46.4%
Amounts payable17/49€6,079€14,604€10,896€2,045€241€28,482€580,981▲ 1,940%
Amounts payable after more than one year17------€560,861-
Financial debts170/4------€560,861-
Amounts payable within one year42/48€6,079€14,604€10,896€2,045€241€28,482€20,120▼ 29.4%
Current portion of amounts payable after more than one year42------€17,939-
Trade debts44€190€836---€646€2,181▲ 238%
Suppliers440/4-----€646€2,181▲ 238%
Taxes, remuneration and social security45--€117€1,997€241€357--
Taxes450/3--€117€1,997€241€357--
Other amounts payable47/48--€10,779€48-€27,479--
Line2019202020212022202320242025Change
Profit (loss) for the period9904€269-€10,340-€12,152€12,739€3,030€1,987€25,416▲ 1,179%
+ Depreciation and write-downs630€3,830€4,123€4,620-€706€706€1,040▲ 47.3%
Operating cash flow (approximation)€4,099-€6,217-€7,532€12,739€3,736€2,693€26,456▲ 882%
Investment in fixed assets (approximation)--€1,474-€392-€2,119€0-€47,121-€679,798▼ 1,343%
Change in cash-€3,295€2,039€24,686-€9,631-€18,035-€1,101▲ 93.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector, comparable size

Of 3,924 companies in this sector we hold annual accounts for 1,309. 998 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector