CODE BRUSSELS
ActiveSummary
The computed 12-month bankruptcy probability of CODE BRUSSELS is 4.4% (elevated). The 2025 annual accounts show equity of €4,927 and a net result of €2,427. Its solvency ranks better than 30% of 22,238 sector peers (NACE 47, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €4,927
- Profit
- €2,427
Why 48raises riskFounded in 2024Latest accounts 31 days late; 2 of the last 3 lateSector: Retail trade (NACE 47)2 establishment unitsShow the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 27% on solvency, 4% on liquidity, 36% on profitability and 92% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 88 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: SYED Nusmin M (director)Appointment: RUHIN Nurul Islam (director)…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
2025 is the only financial year with figures: the operating result is €3,337.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Equity, Total assets.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% 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 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 7,976 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €52,577 | - |
| Gross operating margin9900 | - | €55,914 | - |
| Operating profit (loss)9901 | - | €3,337 | - |
| Profit (loss) for the period before taxes9903 | - | €3,337 | - |
| Income taxes67/77 | - | €910 | - |
| Profit (loss) for the period9904 | - | €2,427 | - |
| Profit (loss) for the period to be appropriated9905 | - | €2,427 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,500 | €48,296 | ▲ 1,832% |
| Current assets29/58 | €2,500 | €48,296 | ▲ 1,832% |
| Stocks and contracts in progress3 | - | €45,213 | - |
| Stocks30/36 | - | €45,213 | - |
| Amounts receivable within one year40/41 | - | €2,500 | - |
| Other amounts receivable41 | - | €2,500 | - |
| Cash at bank and in hand54/58 | €2,500 | €583 | ▼ 76.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,500 | €48,296 | ▲ 1,832% |
| Equity10/15 | €2,500 | €4,927 | ▲ 97.1% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | - | €2,427 | - |
| Distributable reserves133 | - | €2,427 | - |
| Amounts payable17/49 | - | €43,369 | - |
| Amounts payable within one year42/48 | - | €43,369 | - |
| Trade debts44 | - | €13,541 | - |
| Suppliers440/4 | - | €13,541 | - |
| Taxes, remuneration and social security45 | - | €22,427 | - |
| Taxes450/3 | - | €22,427 | - |
| Other amounts payable47/48 | - | €7,400 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | - | €2,427 | - |
| Operating cash flow (approximation) | - | €2,427 | - |
| Change in cash | - | -€1,917 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: not fully processed yet. The notices from August 2019 to September 2026 are still being read.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| RUHIN Nurul Islam |
|
| SYED Nusmin M |
|
Owners and capital
Capital and shareholders
- RUHIN Nurul Islam 100 shares
- SYED Nusmin M
- SYED Nusmin M to RUHIN Nurul Islam 100 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 29-01-2026 Capital stated in the act · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-01
Gazette deed
Resignation: SYED Nusmin M (director)Appointment: RUHIN Nurul Islam (director) · Share transfer · Shareholding7 facts ▸
- Board meeting, 30-09-2025
- Director resignation, SYED Nusmin M (director)
- Director appointment, RUHIN Nurul Islam (director)
- Share transfer, SYED Nusmin M → RUHIN Nurul Islam
- Shareholding, 100
- Shareholding, 0
- Capital
About the unread acts
Of the 3 Belgian Official Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 10 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21004A1111/00B000 ProtectedArchitectural ensemble · MonumentDe Borse - uitbreiding van de bescherming met bepaalde delenSource ↗ |
Brussels | 3,019 m² | 1 · 2,983 m² | 20.1 m · 6 |
| 21809K0121/00R000 | Brussels | 265 m² | 1 · 265 m² | 19.9 m · 6 |