Equity
€61,795 ▲ 417%
Code Cabinet paid out €833 in dividends. That is 2% of the 2025 profit.
Code Cabinet
Overview
Lifetime
2 annual accounts with figures on one time axispeak €81,021 (2025)
€81,021▲ 396%
peak €50,679 (2025)
€50,679▲ 330%
peak €61,795 (2025)
€61,795▲ 417%
€23,578▼ 64.6%
Board1 name since 2024
1 directorAELBRECHT Irven
Documentsfilings and deeds
08-06-202653 days before the deadline
2025micro format
Gross margin from €16,349 to €81,021Result from €11,783 to €50,679Dividend €833Equity from €11,950 to €61,795Debts from €66,699 to €23,578Cash from €18,955 to €37,237
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 80% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 0.1%
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 2.19, cash €37,237
Equity €61,795 (72.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 66% of them on solvency, 75% on liquidity, 82% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Code Cabinet has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Code Cabinet itself is lower: < 0.1% within 12 months. It rests on far more data about Code Cabinet than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for Code Cabinet. 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 of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.19 (0.44 in 2024), above the usual 1.5. Short-term debt is 27.6% and cash 43.6% of total assets. 27.6% of the assets are financed with debt and provisions.
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
Five signals.
lowers riskraises riskneutral
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 08-06-2026, 53 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
53 days early
2024
13 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 33 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015472313
Incorporation
Founder: AELBRECHT Irven · 100 shares · Appointment: AELBRECHT Irven (director) · published on 25-10-2024 · Gazette deed
First establishment
Kerkstraat 18, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Code Cabinet Ghent | €85,374 | €81,021 | 72.4% | - |
| Kargo Consult Sint-Lievens-Houtem | €82,918 | €80,135 | 61.6% | - |
| BITS & GRAIN Dendermonde | €81,423 | €81,911 | 72.2% | - |
| C&C Forward Waasmunster | €86,453 | €75,878 | 67.5% | - |
| SPM CONSULTANCY Ghent | €93,048 | €77,906 | 18.5% | - |
| ITCH CONSULTING Lebbeke | €78,359 | €80,820 | 79.7% | - |
| Fleebbyte Gavere | €93,287 | €81,356 | 71.6% | - |
These companies have the same main activity as Code Cabinet: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €78,400 and €93,300, founded in 2024.
Official details
Source: KBO- Status
- Active since 23-10-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200
- Establishment unit
- 2.366.250.9599050 Ghent, since 23-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Annual accounts 2025
- €81,021▲ 396%
- €50,679▲ 330%
- €61,795▲ 417%
- €85,374▲ 8.6%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on Code Cabinet
Code Cabinet has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €61,795 and a net result of €50,679.
Its solvency ranks better than 64% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 08-06-2026, 53 days before the deadline€81,021
▲ 396%
€63,747
▲ 331%
€50,679
▲ 330%
€28,080
▲ €65,089
72.4%
▲ 57.2 percentage points
2.19
▲ 1.75
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 ≈ €150,000. Estimated: probably between €140,000 and €200,000.
Balance sheet
balance sheet total €85,374 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
72.4%
Higher than 64% of 21,208 companies in 2025.
2.19
Higher than 46% of 20,571 companies in 2025.
59.4%
Higher than 90% of 20,746 companies in 2025.
Code Cabinet
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
85,374 | 78,648 | |
21/28 |
33,727 | 49,088 | |
22/27 |
33,727 | 49,088 | |
23 |
2,443 | 2,648 | |
24 |
31,284 | 46,441 | |
29/58 |
51,647 | 29,560 | |
40/41 |
13,928 | 10,164 | |
40 |
13,891 | 10,164 | |
41 |
37 | - | |
54/58 |
37,237 | 18,955 | |
490/1 |
482 | 441 | |
| Balance sheet: equity and liabilities | |||
10/49 |
85,374 | 78,648 | |
10/15 |
61,795 | 11,950 | |
10/11 |
1,000 | 1,000 | |
13 |
60,000 | 10,000 | |
133 |
60,000 | 10,000 | |
14 |
795 | 950 | |
17/49 |
23,578 | 66,699 | |
42/48 |
23,567 | 66,569 | |
44 |
1,106 | 4,811 | |
440/4 |
1,106 | 4,811 | |
45 |
14,041 | 6,151 | |
450/3 |
14,041 | 6,151 | |
47/48 |
8,420 | 55,607 | |
492/3 |
11 | 130 | |
| Income statement | |||
9900 |
81,021 | 16,349 | |
630 |
17,142 | 1,125 | |
640/8 |
132 | 438 | |
9901 |
63,747 | 14,786 | |
75/76B |
37 | - | |
75 |
37 | - | |
65/66B |
150 | 39 | |
65 |
150 | 39 | |
9903 |
63,634 | 14,748 | |
67/77 |
12,955 | 2,965 | |
9904 |
50,679 | 11,783 | |
9905 |
50,679 | 11,783 | |
| Appropriation of the result | |||
9906 |
51,628 | 11,783 | |
14P |
950 | - | |
691/2 |
50,000 | 10,000 | |
6921 |
50,000 | 10,000 | |
694/7 |
833 | 833 | |
694 |
833 | 833 | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 08-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 80,889 | 15,911 | ||
| 67,821 | 12,907 | ||
| 1,781 | 50,213 | ||
| 18,282 | - | ||
| 28,080 | -37,009 | ||
| 72.4% | 15.2% | ||
| 2.19 | 0.44 | ||
| 0.38 | 5.58 | ||
| 82.0% | 98.6% | ||
| 59.4% | 15.0% | ||
| over 100 | over 100 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €1,781 | €50,213 |
| €17,142 | €1,125 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Code Cabinet
The operating result for 2025 is 4.3 times that of 2024.
Debt's share of the balance-sheet total falls from 84.8% to 27.6%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
since 23-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 08-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 25-10-2024
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €618 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 25-10-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Beslist of mandaat al dan niet ten kosteloze titel, vergoeding bestuurders”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00
Shareholders
At incorporation
deed of 25-10-2024 ↗
- AELBRECHT Irven 100 shares (100%)
Network & group
No group
Code Cabinet has no parent and no holdings in its annual accounts. AELBRECHT Irven is the only director. Code Cabinet shares no director with another company.
Timeline
Timeline
6 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 53 days before the deadline
2025
Liquidity more than quadruples current ratio 2.19 The current ratio rises from 0.44 to 2.19. Short-term debt falls from €66,569 to €23,567.
Annual accounts 2024 filed NBBmicro format · 13 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1015472313
2024
IncorporationFounder: AELBRECHT Irven · 100 shares · Appointment: AELBRECHT Irven (director) · published on 25-10-20244 points ▸
- Founder, AELBRECHT Irven
- 100 shares
- Registered office clause, Kerkstraat 18, 9050 Gent (Gentbrugge)
- Director appointment, AELBRECHT Irven
- The deed holds 2 more points.
First establishment Kerkstraat 18, Ghent
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 Cabinet was incorporated on 23 October 2024 as a private limited company by one natural person.12 Since 2024, AELBRECHT Irven has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1015.472.313
- VAT number
- BE 1015.472.313
- Peppol ID
- 0208:1015472313
- Other Peppol ID
- 9925:BE1015472313
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 23-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June at 18:00deed of 25-10-2024 (in Dutch)
- Peppol
- Reachable since 12-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Code Cabinet in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 25-10-2024 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Code Cabinetdeed of 25-10-2024 (in Dutch)
- 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 25-10-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020
IT consultancy main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verrichten van computerconsultancy-activiteiten,ontwerp en programmeren van computerprogramma’s alsook het beheer van…”deed of 25-10-2024 (in Dutch)
27 activities
- Het verrichten van computerconsultancy-activiteiten,ontwerp en programmeren van computerprogramma’s alsook het beheer van computerfaciliteiten
- Het opzetten van groot-en detailhandel in computers,randapparatuur en software in al dan niet gespecialiseerde winkels
- Kleinhandel in computers en standaardprogrammatuur
- Alle aard van activiteiten met betrekking tot het ontwerpen en programmeren van computerprogramma’s
- Verlenen van advies aan gebruikers over soorten computers(hardware)en hun configuratie en de toepassing van bijhorende programmatuur(software)
- Activiteiten van systeemintegrators,beheer van computerfaciliteiten en overige diensten op het gebied van informatietechnologie en computers
- Gegevensverwerking,webhosting en aanverwante activiteiten,webportalen
- De bewerking van digitale gegevens:verrijking,selectie en koppeling van digitale gegevens op gegevensdragers
- Het onderhoud en herstel van computers en randapparatuur
- Overige uitgeverij van software
- Alle overige diensten op het gebied van informatietechnologie en computer
- Beroepsopleidingen,overige vormen van onderwijs,overige zakelijke dienstverlening,n.e.g.
- Het verlenen van managementdiensten aan vennootschappen en meer algemeen consultancy aan ondernemers en particulieren
- Het verlenen van diensten op vlak van dagelijks bestuur zoals algemeen management,financiële planning en business planning
- Verhuur en lease van kantoormachines,inclusief computers
- Verhuur van standaard-programmatuur
- Het verwerven en beheren van onroerend goed,alsook daden van beschikking met betrekking tot deze goederen en de inrichting ervan
- Overige zakelijke dienstverlening
- Consulting,opleiding,onderzoek,ontwikkeling,vervaardiging,de aan-en verkoop,de exploitatie,commercialisatie en marketing,de in-en uitvoer,het verhuren,leasen,installeren,onderhouden en herstellen van elektronica materiaal(hardware en software),kantoormachines en-materieel en aanverwante goederen
- Optimalisatie algemene bedrijfs-en productieprocessen
- De acquisitie van data in verschillende modaliteiten en deze data verkopen of gebruiken voor productontwikkeling
- De samenstelling van databanken door samenbrengen en al dan niet interpreteren van bestaande gegevens uit verschillende bronnen
- Het opstellen,het uitgeven,het verspreiden en het inrichten van opleidingscursussen inzake bovenvermelde materies
- Alle werkzaamheden in verband met externe adviesverlening en begeleiding van ondernemingen,vennootschappen,instellingen en particulieren in onder meer het ontwerpen en programmeren van computerprogramma’s en informatietechnologie
- Het voeren van het dagelijks management van vennootschappen.Hieronder wordt onder meer begrepen:de organisatie en planning van het productieproces,de logistieke afhandeling en de kwaliteitscontrole;het bepalen van het aan-en verkoopbeleid,onderhandelen met leveranciers en klanten;het verbeteren en op punt stellen van de administratieve en financiële organisatie
- Het organiseren en geven van opleidingen,cursussen,seminaries,voordrachten,presentaties en workshops in de meest ruime zin
- Het kopen,verkopen,huren en verhuren van roerende en onroerende goederen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kerkstraat 18 registered office 9050 Ghent | 23-10-2024 | 2.366.250.959 |
Buildings and parcels at the address
- Ground area
- 115 m²
- Buildings
- 53 m²
- Volume, LiDAR
- 123 m³
- Tallest building
- 7.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44362B0032/00S000 | 115 m² | 1 · 53 m² | 7.0 m |