CODE CD
Annual accounts 2024
micro format, filed on 18-08-2025, 18 days lateTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €99,000 and €180,000.
Money flows
no detail for 2024Balance sheet
balance sheet total €10,004 on 31-12-2024in euro
in euro
Position in the sector
-429.8%
Higher than 6% of 6,085 companies in 2024.
0.16
Higher than 9% of 5,564 companies in 2024.
-12.1%
Higher than 18% of 5,596 companies in 2024.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff
€39,093
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2024, 3 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||
20/58 |
10,004 | 8,382 | 7,810 | 17,586 | 10,046 | 14,410 | 26,401 | 12,586 | 8,419 | 8,948 | 9,780 | 25,229 | 40,330 | 28,109 | 25,131 | 22,015 | 26,431 | 20,665 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 175 | |
21/28 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 2,202 | 2,505 | 2,807 | 1,485 | 2,539 | 5,347 | 8,618 | 12,278 | 16,603 | 10,651 | 11,101 | 11,900 | 14,077 | |
22/27 |
- | - | - | - | - | 302 | 605 | 907 | 1,335 | 2,389 | 5,197 | 8,468 | 12,128 | 16,453 | 10,501 | 10,951 | 11,750 | 13,752 | |
23 |
- | - | - | - | - | - | - | - | - | - | 1,431 | 3,326 | 5,221 | 7,116 | 2,150 | 546 | 798 | 1,050 | |
24 |
- | - | - | - | - | 97 | 195 | 292 | 389 | 487 | 906 | 1,325 | 2,133 | 3,606 | 3,712 | 5,014 | 4,809 | 5,806 | |
26 |
- | - | - | - | - | 205 | 410 | 615 | 945 | 1,903 | 2,860 | 3,817 | 4,775 | 5,732 | 4,639 | 5,391 | 6,144 | 6,896 | |
28 |
1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 1,900 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |
29/58 |
8,104 | 6,482 | 5,910 | 15,686 | 8,146 | 12,208 | 23,897 | 9,779 | 6,935 | 6,408 | 4,433 | 16,611 | 28,052 | 11,506 | 14,480 | 10,914 | 14,531 | 6,588 | |
40/41 |
5,052 | 2,899 | 3,817 | 13,565 | 1,798 | 9,381 | 20,347 | 5,714 | 13 | 1,027 | 77 | 5,886 | 14,733 | 4,294 | 556 | 77 | 478 | 69 | |
40 |
4,253 | 2,142 | 3,103 | 13,545 | 1,767 | 9,350 | 20,338 | 5,714 | - | 950 | - | - | - | - | 298 | - | - | - | |
41 |
799 | 757 | 715 | 20 | 32 | 31 | 9 | - | 13 | 77 | 77 | 5,886 | 14,733 | 4,294 | 258 | 77 | 478 | 69 | |
54/58 |
2,691 | 3,478 | 1,430 | 1,564 | 6,335 | 2,298 | 3,293 | 4,065 | 6,922 | 5,381 | 4,356 | 10,724 | 13,319 | 7,211 | 13,924 | 10,836 | 14,053 | 6,519 | |
490/1 |
362 | 105 | 663 | 557 | 13 | 529 | 256 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||
10/49 |
10,004 | 8,382 | 7,810 | 17,586 | 10,046 | 14,410 | 26,401 | 12,586 | 8,419 | 8,948 | 9,780 | 25,229 | 40,330 | 28,109 | 25,131 | 22,015 | 26,431 | 20,665 | |
10/15 |
-42,998 | -41,786 | -42,111 | -42,530 | -22,325 | -20,969 | -24,341 | -25,837 | -25,569 | -26,760 | -23,475 | 8,384 | 20,534 | 16,988 | 11,431 | 8,276 | 5,258 | -621 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 860 | - | - | - | |
130/1 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 860 | - | - | - | |
1311 |
- | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-54,858 | -53,646 | -53,971 | -54,390 | -34,185 | -32,829 | -36,201 | -37,697 | -37,429 | -38,620 | -35,335 | -3,476 | 8,674 | 5,128 | 571 | -1,724 | -4,742 | -10,621 | |
17/49 |
53,002 | 50,167 | 49,921 | 60,116 | 32,371 | 35,379 | 50,742 | 38,423 | 33,988 | 35,708 | 33,255 | 16,845 | 19,795 | 11,121 | 13,700 | 13,739 | 21,173 | 21,286 | |
42/48 |
49,127 | 46,292 | 46,046 | 55,894 | 30,621 | 35,379 | 50,742 | 38,423 | 24,138 | 34,908 | 33,255 | 16,845 | 19,795 | 11,121 | 11,408 | 13,739 | 21,173 | 21,286 | |
43 |
- | 232 | - | - | 175 | 212 | 190 | - | - | 1 | 1 | - | - | - | - | - | - | - | |
430/8 |
- | 232 | - | - | 175 | 212 | 190 | - | - | 1 | 1 | - | - | - | - | - | - | - | |
44 |
10,452 | 7,811 | 11,066 | 23,629 | 11,156 | 17,909 | 22,096 | 12,672 | 380 | 7,551 | 8,450 | 3,563 | 5,388 | 894 | 4,259 | 974 | 5,269 | 1,416 | |
440/4 |
10,452 | 7,811 | 11,066 | 23,629 | 11,156 | 17,909 | 22,096 | 12,672 | 380 | 7,551 | 8,450 | 3,563 | 5,388 | 894 | 4,259 | 974 | 5,269 | 1,416 | |
45 |
20,920 | 19,813 | 20,202 | 17,723 | 9,624 | 9,413 | 16,782 | 17,131 | 17,337 | 10,426 | 10,935 | 13,244 | 11,816 | 10,046 | 7,149 | 4,718 | 3,889 | 3,676 | |
450/3 |
7,350 | 7,657 | 9,241 | 3,404 | 3,737 | 3,000 | 9,025 | 15,705 | 13,470 | 5,719 | 2,881 | 7,099 | 7,595 | 4,490 | 2,121 | 1,616 | 1,082 | 3,476 | |
454/9 |
13,570 | 12,157 | 10,961 | 14,319 | 5,888 | 6,413 | 7,757 | 1,427 | 3,867 | 4,707 | 8,054 | 6,145 | 4,222 | 5,556 | 5,027 | 3,102 | 2,806 | 200 | |
47/48 |
17,755 | 18,435 | 14,778 | 14,542 | 9,665 | 7,844 | 11,674 | 8,619 | 6,421 | 16,930 | 13,868 | 38 | 2,591 | 181 | - | 8,047 | 12,016 | 16,194 | |
492/3 |
3,875 | 3,875 | 3,875 | 4,223 | 1,750 | - | - | - | 9,850 | 800 | - | - | - | - | 2,292 | - | - | - | |
| Income statement | |||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 94,316 | - | 90,154 | 30,125 | |
76A |
- | - | - | - | - | - | - | 815 | 295 | 3,611 | - | - | - | - | - | - | - | - | |
9900 |
41,913 | 31,532 | 37,955 | 18,960 | 15,181 | 46,419 | 25,191 | 17,911 | 32,066 | 28,345 | 8,049 | 23,334 | 35,124 | 51,795 | 39,382 | 29,549 | 31,040 | 1,592 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 61,359 | - | 64,117 | 29,612 | |
62 |
39,093 | 27,290 | 33,633 | 37,792 | 14,676 | 42,012 | 20,025 | 14,146 | 19,127 | 28,565 | 33,918 | 21,105 | 24,674 | 34,925 | 30,024 | 23,794 | 20,792 | 8,009 | |
630 |
- | - | - | - | 302 | 302 | 302 | 428 | 1,055 | 2,808 | 3,272 | 4,069 | 4,326 | 6,245 | 3,688 | 2,921 | 2,672 | 2,873 | |
640/8 |
2,446 | 1,312 | 1,888 | 676 | 468 | 761 | 868 | 3,138 | 7,620 | 3,053 | 1,720 | 903 | 1,246 | 2,351 | 1,388 | 1,321 | 1,212 | 824 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 540 | - | - | 100 | - | - | - | |
9901 |
374 | 2,930 | 2,434 | -19,508 | -266 | 3,344 | 3,996 | 199 | 4,265 | -6,081 | -30,861 | -2,743 | 4,879 | 8,273 | 4,282 | 1,513 | 6,364 | -10,113 | |
75/76B |
- | 152 | 47 | - | 10 | 1,441 | 1 | 298 | 5 | 50 | 67 | 118 | 210 | - | 196 | 1,656 | 92 | 11 | |
75 |
- | 152 | 47 | - | 10 | 1 | 1 | 298 | 5 | 50 | 67 | 118 | 210 | - | 196 | 1,656 | 92 | 11 | |
76B |
- | - | - | - | - | 1,440 | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
1,586 | 2,757 | 2,062 | 696 | 666 | 688 | 2,012 | 668 | 1,066 | 890 | 1,048 | 8,960 | 271 | 789 | 416 | 148 | 184 | 517 | |
65 |
1,586 | 2,757 | 2,062 | 696 | 666 | 688 | 2,012 | 668 | 1,066 | 890 | 1,048 | 8,960 | 271 | 789 | 416 | 148 | 184 | 517 | |
9903 |
-1,212 | 325 | 419 | -20,205 | -922 | 4,097 | 1,985 | -172 | 3,203 | -3,310 | -31,843 | -12,125 | 4,818 | 7,484 | 3,961 | 3,021 | 6,272 | -10,619 | |
67/77 |
- | 0 | - | - | 435 | 724 | 489 | 97 | 2,011 | -24 | 17 | 25 | 1,272 | 1,927 | 806 | 3 | 393 | 2 | |
9904 |
-1,212 | 325 | 419 | -20,205 | -1,357 | 3,372 | 1,496 | -268 | 1,192 | -3,285 | -31,859 | -12,150 | 3,546 | 5,557 | 3,155 | 3,018 | 5,879 | -10,621 | |
9905 |
-1,212 | 325 | 419 | -20,205 | -1,357 | 3,372 | 1,496 | -268 | 1,192 | -3,285 | -31,859 | -12,150 | 3,546 | 5,557 | 3,155 | 3,018 | 5,879 | -10,621 | |
| Appropriation of the result | |||||||||||||||||||
9906 |
-54,858 | -53,646 | -53,971 | -54,390 | -34,185 | -32,829 | -36,201 | -37,697 | -37,429 | -38,620 | -35,335 | -3,476 | 8,674 | 6,128 | 1,431 | -1,724 | -4,742 | -10,621 | |
14P |
-53,646 | -53,971 | -54,390 | -34,185 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 860 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,000 | 860 | - | - | - | |
| Social balance sheet | |||||||||||||||||||
9087 |
1 | 2.1 | 2 | 3.2 | 1.4 | 2.1 | 1.3 | 0.7 | - | 0.8 | 1.4 | 1.1 | 0.6 | 1.4 | 1.2 | 0.9 | 0.9 | 0.3 | |
Hours worked1013 |
1,483 | 938 | 1,020 | 2,087 | 753 | 2,203 | 1,081 | 692 | - | 1,498 | 1,836 | 1,247 | 1,201 | 2,240 | 2,234 | 1,659 | 1,474 | 515 | |
| Document | |||||||||||||||||||
The notes to these accounts have 4 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 2024 (PDF), filed on 18-08-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank2024 annual accounts filed 18 days after the deadline. Filed on 18 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00380807.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 18-08-2025 | 2025-00380807 | |
| 31-12-2023 | micro format | 27-09-2024 | 2024-00491986 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00427402 | |
| 31-12-2021 | micro format | 24-10-2022 | 2022-20475369 | |
| 31-12-2020 | micro format | 30-08-2021 | 2021-59100107 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74100515 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-63000197 | |
| 31-12-2017 | micro format | 27-09-2019 | 2019-66200592 | |
| 31-12-2016 | full format | 20-10-2017 | 2017-67600362 | |
| 31-12-2015 | full format | 18-10-2016 | 2016-65900374 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-63700059 | |
| 31-12-2013 | full format | 03-10-2014 | 2014-63900281 | |
| 31-12-2012 | full format | 06-12-2013 | 2013-68000098 | |
| 31-12-2011 | full format | 16-01-2013 | 2013-01000299 | |
| 31-12-2010 | full format | 19-01-2012 | 2012-01300504 | |
| 31-12-2009 | full format | 28-10-2010 | 2010-60100264 | |
| 31-12-2008 | full format | 26-08-2009 | 2009-67900275 | |
| 31-12-2007 | full format | 16-07-2008 | 2008-41900248 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 37 | 3,646 | 4,299 | 627 | 5,319 | -3,273 | -27,589 | 1,326 | 9,205 | 14,518 | 7,970 | 4,434 | 9,036 | -7,240 | ||
| - | - | - | - | -1,054 | 3,675 | 1,798 | 160 | 2,246 | -478 | -28,588 | -8,081 | 7,872 | 11,802 | 6,844 | 5,940 | 8,550 | -7,748 | ||
| - | - | - | - | 0 | 0 | 0 | 1,750 | 0 | 0 | 0 | 410 | 0 | 12,197 | 3,238 | 2,122 | 495 | 15,900 | ||
| -787 | 2,048 | -133 | -4,771 | 4,037 | -995 | -772 | -2,857 | 1,540 | 1,025 | -6,369 | -2,595 | 6,108 | -6,713 | 3,088 | -3,217 | 7,534 | - | ||
| -41,023 | -39,811 | -40,136 | -40,207 | -22,475 | -23,171 | -26,846 | -28,644 | -17,203 | -28,500 | -28,822 | -234 | 8,256 | 385 | 3,072 | -2,825 | -6,643 | -14,698 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.5% | - | 7.1% | -33.6% | ||
| -429.8% | -498.5% | -539.2% | -241.8% | -222.2% | -145.5% | -92.2% | -205.3% | -303.7% | -299.1% | -240.0% | 33.2% | 50.9% | 60.4% | 45.5% | 37.6% | 19.9% | -3.0% | ||
| 0.16 | 0.14 | 0.13 | 0.28 | 0.27 | 0.35 | 0.47 | 0.25 | 0.29 | 0.18 | 0.13 | 0.99 | 1.42 | 1.03 | 1.27 | 0.79 | 0.69 | 0.31 | ||
| - | - | - | - | - | - | - | - | - | - | - | 2.01 | 0.96 | 0.65 | 1.20 | 1.66 | 4.03 | - | ||
| - | - | - | - | - | - | - | - | - | - | - | -144.9% | 17.3% | 32.7% | 27.6% | 36.5% | 111.8% | - | ||
| -12.1% | 3.9% | 5.4% | -114.9% | -13.5% | 23.4% | 5.7% | -2.1% | 14.2% | -36.7% | -325.8% | -48.2% | 8.8% | 19.8% | 12.6% | 13.7% | 22.2% | -51.4% | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1 day | - | 2 days | 1 day | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | 25 days | - | 30 days | 17 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 5 | - | 4 |
| full-time | 1 | 1 | - | 1 |
| part-time | 3 | 4 | - | 3 |
| in full-time equivalents | 1.8 | 2.3 | - | 2.1 |
| 1 | 1.7 | 1.4 | 2.1 | |
| On a permanent contract | 1 | 1 | - | 1 |
| Joined | 3 | 5 | 4 | 10 |
| Left | 4 | 3 | 4 | 14 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Insights on CODE CD
The operating result for 2024 is 87% lower than in 2023 and the lowest since 2021.
Equity is negative. Debt (€53,002) exceeds the balance-sheet total (€10,004).