Code Cliff
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. Equity is shrinking by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €-13k |
| Net result | €-4k |
| Better than sector | 5% |
| Active | 6 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| 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 |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | 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% | - |
| Dividends | - | - | - | - |
| Total assets | -62.2% | +15.2% | -16.1% | - |
| Equity | -40.0% | +52.6% | -329.5% | - |
| Debt | -52.8% | +1.8% | -0.2% | - |
| of which ≤ 1y | -55.8% | +10.4% | +12.7% | - |
| of which > 1y | -66.4% | -39.4% | -40.1% | - |
| Working capital | +13.6% | +45.7% | -146.8% | - |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.56 | 0.78 | 0.55 | 0.79 |
| Quick ratio | 0.56 | 0.78 | 0.55 | 0.79 |
| Working capital ratio | -46.6% | -20.4% | -43.3% | -14.7% |
| Solvency | -37.6% | -10.2% | -24.7% | -4.8% |
| Debt / equity | -3.66 | -10.85 | -5.05 | -21.76 |
| Long-term debt ratio | -0.28 | -1.18 | -0.93 | -6.64 |
| Interest coverage | 27.75 | 51.80 | -3.64 | -1.94 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -10.8% | 11.3% | -18.9% | -14.2% |
| ROE | 28.6% | -110.9% | 76.7% | 295.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (22 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €34k | €89k | €77k | €92k |
| Fixed assets | 21/28 | €13k | €26k | €37k | €41k |
| Tangible fixed assets | 22/27 | €13k | €26k | €37k | €41k |
| Current assets | 29/58 | €20k | €63k | €40k | €52k |
| Amounts receivable within one year | 40/41 | €17 | €53k | €39k | €51k |
| Cash & bank | 54/58 | €20k | €10k | €559 | €102 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €34k | €89k | €77k | €92k |
| Equity | 10/15 | €-13k | €-9k | €-19k | €-4k |
| Contributions / capital | 10/11 | €1k | €1k | €1k | €1k |
| Accumulated profits (losses) | 14 | €-14k | €-10k | €-20k | €-5k |
| Amounts payable | 17/49 | €46k | €98k | €97k | €97k |
| Amounts payable after one year | 17 | €4k | €11k | €18k | €30k |
| Amounts payable within one year | 42/48 | €36k | €81k | €74k | €65k |
| Trade debts payable within one year | 44 | €986 | €913 | €2k | €972 |
| Income statement | |||||
| Gross operating margin | 9900 | €11k | €25k | €-2k | €2k |
| Operating result | 9901 | €-3k | €11k | €-14k | €-12k |
| Financial income | 75 | €0 | - | - | €0 |
| Financial charges | 65 | €340 | €462 | €621 | €883 |
| Result before taxes | 9903 | €-3k | €10k | €-15k | €-13k |
| Income taxes | 67/77 | €133 | €146 | €145 | €156 |
| Net result for the period | 9904 | €-4k | €10k | €-15k | €-13k |
| Result to be appropriated | 9905 | €-4k | €10k | €-15k | €-13k |
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 24-09-2019 |
| Status | Active |
| Postal code | 9120 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0803/00P002 | Flanders | 458 m² | 1 · 382 m² | 10.4 m · 1 fl. |
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.
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": []
}| Legal nameNL | Code Cliff |