Checked.be
Active
BE 0734.830.527Private limited company
Code Cliff
Gentseweg(BEV) 66 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 6 yrs active
Sector: Computer programming
(62100)
Conclusion
Code Cliff has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €-13k |
| Net result | €-4k |
| Better than sector | 5% |
| Active | 6 yrs |
Financial profile
58
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
100
Solvency
35
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2019, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
25
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
48
2021
12
2022
7
2023
21
2024
25
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.56 (< 1.0)
-10
Quick ratio
Quick ratio 0.56 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 29% (≥ 10%)
+10
Interest coverage
Interest coverage 27.7× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 10-07-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -37.6% | 60.0% | |
| Net result | €-4k | €29k | |
| Equity | €-13k | €72k | |
| Gross operating margin | €11k | €55k | |
| Total assets | €34k | €141k |
€9k
-60.6%
21-25
€-4k
-
21-25
€9k
-61.6%
21-25
€34k
-62.2%
21-25
€-13k
-40.0%
21-25
€-16k
+13.6%
21-25
€133
-8.9%
21-25
€46k
-52.8%
21-25
€36k
-55.8%
21-25
€4k
-66.4%
21-25
0.56
-27.4%
21-25
0.56
-27.4%
21-25
-37.6%
-270.6%
21-25
-3.66
+66.3%
21-25
28.6%
-
21-25
-10.8%
-
21-25
27.75
-46.4%
21-25
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -60.6% | - | -31.9% | - | - |
| Net profit | - | - | -11.6% | - | - |
| Cash flow | -61.6% | - | -9.9% | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | -8.9% | +0.5% | -7.3% | -90.1% | - |
| Dividends | - | - | - | - | - |
| Total assets | -62.2% | +15.2% | -16.1% | +15.4% | - |
| Equity | -40.0% | +52.6% | -329.5% | - | - |
| Debt | -52.8% | +1.8% | -0.2% | +35.7% | - |
| of which ≤ 1y | -55.8% | +10.4% | +12.7% | +63.3% | - |
| of which > 1y | -66.4% | -39.4% | -40.1% | -5.5% | - |
| Working capital | +13.6% | +45.7% | -146.8% | -441.6% | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.56 | 0.78 | 0.55 | 0.79 | 0.94 |
| Quick ratio | 0.56 | 0.78 | 0.55 | 0.79 | 0.94 |
| Working capital ratio | -46.6% | -20.4% | -43.3% | -14.7% | -3.1% |
| Solvency | -37.6% | -10.2% | -24.7% | -4.8% | 10.9% |
| Debt / equity | -3.66 | -10.85 | -5.05 | -21.76 | 8.22 |
| Long-term debt ratio | -0.28 | -1.18 | -0.93 | -6.64 | 3.60 |
| Interest coverage | 27.75 | 51.80 | -3.64 | -1.94 | 35.55 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -10.8% | 11.3% | -18.9% | -14.2% | 10.3% |
| ROE | 28.6% | -110.9% | 76.7% | 295.2% | 95.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €34k | €89k | €77k | €92k | €80k |
| Fixed assets | 21/28 | €13k | €26k | €37k | €41k | €42k |
| Tangible fixed assets | 22/27 | €13k | €26k | €37k | €41k | €42k |
| Current assets | 29/58 | €20k | €63k | €40k | €52k | €38k |
| Amounts receivable within one year | 40/41 | €17 | €53k | €39k | €51k | €22k |
| Cash & bank | 54/58 | €20k | €10k | €559 | €102 | €14k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €34k | €89k | €77k | €92k | €80k |
| Equity | 10/15 | €-13k | €-9k | €-19k | €-4k | €9k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k | €1k |
| Accumulated profits (losses) | 14 | €-14k | €-10k | €-20k | €-5k | €8k |
| Amounts payable | 17/49 | €46k | €98k | €97k | €97k | €71k |
| Amounts payable after one year | 17 | €4k | €11k | €18k | €30k | €31k |
| Amounts payable within one year | 42/48 | €36k | €81k | €74k | €65k | €40k |
| Trade debts payable within one year | 44 | €986 | €913 | €2k | €972 | €549 |
| Income statement | ||||||
| Gross operating margin | 9900 | €11k | €25k | €-2k | €2k | €17k |
| Operating result | 9901 | €-3k | €11k | €-14k | €-12k | €10k |
| Financial income | 75 | €0 | - | - | €0 | €1 |
| Financial charges | 65 | €340 | €462 | €621 | €883 | €453 |
| Result before taxes | 9903 | €-3k | €10k | €-15k | €-13k | €10k |
| Income taxes | 67/77 | €133 | €146 | €145 | €156 | €2k |
| Net result for the period | 9904 | €-4k | €10k | €-15k | €-13k | €8k |
| Result to be appropriated | 9905 | €-4k | €10k | €-15k | €-13k | €8k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2019 |
| Status | Active |
| Postal code | 9120 |
Establishment units
Code Cliff
since 20192.294.881.329
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0803/00P002 | Flanders | 458 m² | 1 · 382 m² | 10.4 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
23-12
State Gazette act
Registered-office change
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
Address history · 1
23-12-2024
Registered-office move
All acts · 1
updated 1 year ago
2024
23-12-2024 Registered office moved from Beveren to Beveren-Waas
- Zandstraat (HSD) 149 bus A/000 - 9120 Beveren → Gentseweg 66 - 9120 Beveren-Waas
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Gentseweg 66 - 9120 Beveren-Waas",
"city": "Beveren-Waas",
"region": "vlaams_gewest",
"street": "Gentseweg",
"country": "BE",
"postcode": "9120",
"box_number": null,
"street_number": "66",
"locality_suffix": null
},
"old_address": {
"raw": "Zandstraat (HSD) 149 bus A/000 - 9120 Beveren",
"city": "Beveren",
"region": "vlaams_gewest",
"street": "Zandstraat",
"country": "BE",
"postcode": "9120",
"box_number": "A/000",
"street_number": "149",
"locality_suffix": "(HSD)"
},
"effective_date": "2024-05-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-12-23",
"filing_date": "2024-12-12",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enig_aandeelhouder_schriftelijk",
"date": "2024-05-01",
"unanimous": null
},
"subject_company": {
"kbo": "0734.830.527",
"name_full": "Code Cliff",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Neal van der Valk",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming62100
Names & trade names
| Legal nameNL | Code Cliff |
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