CODE CONCEPT
ActiveSummary
CODE CONCEPT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,215 and a net result of €16,481. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 73% of 1319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-15
Solvency92▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 2.6 against 5.91 in 2024; short-term debt: 33.1% and cash: 35.5% of total assets), and 33.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.9%
Return on assets
12.8%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-03-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
50 d early
2023
35 d early
2022
32 d early
2021
31 d late
2020
17 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€86,215▼ 16.7%
2024 · €103,467
Total assets
€128,868▲ 7.0%
2024 · €120,410
Net result
€16,481▼ 50.9%
2024 · €33,579
Working capital
€68,046▼ 18.2%
2024 · €83,170
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,954€42,767€36,742▼ 14.1%€44,606▲ 21.4%€22,411▼ 49.8%
Net result-€2,492€29,245€28,094▼ 3.9%€33,579▲ 19.5%€16,481▼ 50.9%
Equity€53,060▼ 4.5%€63,674▲ 20.0%€76,422▲ 20.0%€103,467▲ 35.4%€86,215▼ 16.7%
Total assets€74,503▼ 15.4%€117,966▲ 58.3%€106,142▼ 10.0%€120,410▲ 13.4%€128,868▲ 7.0%
Debt€21,443▼ 34.0%€54,292▲ 153%€29,719▼ 45.3%€16,944▼ 43.0%€42,653▲ 152%
Working capital€44,620▼ 0.4%€52,045▲ 16.6%€54,186▲ 4.1%€83,170▲ 53.5%€68,046▼ 18.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €128,868
Fixed assets
€18,200 ▼ 10.3%
Current assets
€110,668 ▲ 10.5%
Equity and liabilities €128,868
Equity
€86,215 ▼ 16.7%
Debt
€42,653 ▲ 152%
Debt's share of the balance-sheet total rises from 14.1% to 33.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26,716▼
2024 · €48,660
Cash flow
€20,786▼
2024 · €37,633
Current ratio
2.60▼
2024 · 5.91
Debt to equity
0.49▲
2024 · 0.16
ROE
19.1%▼
2024 · 32.5%
ROA
12.8%▼
2024 · 27.9%
Interest coverage
33.71▼
2024 · 86.99
Debt ≤ 1 year
€42,622▲
2024 · €16,944
Income taxes
€7,829▼
2024 · €13,386
Staff costs
€782▲
2024 · €207
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4 | €0 | - | - | €45 | - |
| Remuneration, social security and pensions62 | - | - | €129 | €207 | €782 | ▲ 278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,320 | €1,146 | €2,001 | €4,053 | €4,305 | ▲ 6.2% |
| Other operating charges640/8 | €1,810 | €372 | €695 | €425 | €921 | ▲ 116% |
| Gross operating margin9900 | -€1,824 | €44,285 | €39,568 | €49,292 | €28,418 | ▼ 42.3% |
| Operating profit (loss)9901 | -€4,954 | €42,767 | €36,742 | €44,606 | €22,411 | ▼ 49.8% |
| Financial income75/76B | €3,240 | €3,397 | €3,124 | €2,918 | €2,692 | ▼ 7.8% |
| Recurring financial income75 | €3,240 | €3,397 | €3,124 | €2,918 | €2,692 | ▼ 7.8% |
| Financial charges65/66B | €575 | €950 | €645 | €559 | €793 | ▲ 41.7% |
| Recurring financial charges65 | €575 | €950 | €645 | €559 | €793 | ▲ 41.7% |
| Profit (loss) for the period before taxes9903 | -€2,289 | €45,213 | €39,221 | €46,965 | €24,311 | ▼ 48.2% |
| Income taxes67/77 | €203 | €15,968 | €11,127 | €13,386 | €7,829 | ▼ 41.5% |
| Profit (loss) for the period9904 | -€2,492 | €29,245 | €28,094 | €33,579 | €16,481 | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | -€2,492 | €29,245 | €28,094 | €33,579 | €16,481 | ▼ 50.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74,503 | €117,966 | €106,142 | €120,410 | €128,868 | ▲ 7.0% |
| Fixed assets21/28 | €16,682 | €16,871 | €24,350 | €20,297 | €18,200 | ▼ 10.3% |
| Tangible fixed assets22/27 | €16,682 | €16,871 | €24,350 | €20,297 | €18,200 | ▼ 10.3% |
| Land and buildings22 | €16,093 | €15,640 | €15,188 | €14,735 | €14,281 | ▼ 3.1% |
| Plant, machinery and equipment23 | €588 | €1,231 | €5,342 | €3,221 | €1,207 | ▼ 62.5% |
| Furniture and vehicles24 | €0 | - | €3,820 | €2,342 | €2,711 | ▲ 15.8% |
| Current assets29/58 | €57,821 | €101,094 | €81,791 | €100,113 | €110,668 | ▲ 10.5% |
| Amounts receivable within one year40/41 | €57,578 | €78,718 | €80,352 | €61,122 | €58,928 | ▼ 3.6% |
| Trade receivables40 | €7,652 | €17,408 | €20,129 | €14,266 | €5,407 | ▼ 62.1% |
| Other amounts receivable41 | €49,926 | €61,311 | €60,223 | €46,856 | €53,521 | ▲ 14.2% |
| Cash at bank and in hand54/58 | €0 | €22,376 | €1,014 | €31,261 | €45,727 | ▲ 46.3% |
| Deferred charges and accrued income490/1 | €243 | €0 | €425 | €7,730 | €6,013 | ▼ 22.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74,503 | €117,966 | €106,142 | €120,410 | €128,868 | ▲ 7.0% |
| Equity10/15 | €53,060 | €63,674 | €76,422 | €103,467 | €86,215 | ▼ 16.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €46,860 | €57,474 | €70,222 | €97,267 | €80,015 | ▼ 17.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €45,000 | €55,614 | €70,222 | €97,267 | €80,015 | ▼ 17.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €21,443 | €54,292 | €29,719 | €16,944 | €42,653 | ▲ 152% |
| Amounts payable after more than one year17 | €8,242 | €5,218 | €2,114 | €0 | - | - |
| Financial debts170/4 | €8,242 | €5,218 | €2,114 | €0 | - | - |
| Amounts payable within one year42/48 | €13,201 | €49,049 | €27,605 | €16,944 | €42,622 | ▲ 152% |
| Current portion of amounts payable after more than one year42 | €2,947 | €3,024 | €3,104 | €2,114 | €0 | ▼ 100% |
| Financial debts43 | €2,090 | €0 | - | - | - | - |
| Credit institutions430/8 | €2,090 | €0 | - | - | - | - |
| Trade debts44 | €4,265 | €5,786 | €4,000 | €3,234 | €2,670 | ▼ 17.4% |
| Suppliers440/4 | €4,265 | €5,786 | €4,000 | €3,234 | €2,670 | ▼ 17.4% |
| Taxes, remuneration and social security45 | €3,899 | €21,608 | €5,156 | €5,060 | €6,219 | ▲ 22.9% |
| Taxes450/3 | €3,899 | €19,272 | €5,156 | €5,060 | €6,219 | ▲ 22.9% |
| Remuneration and social security454/9 | €0 | €2,336 | €0 | - | - | - |
| Other amounts payable47/48 | €0 | €18,631 | €15,345 | €6,535 | €33,733 | ▲ 416% |
| Accrued charges and deferred income492/3 | €0 | €25 | €0 | - | €31 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,492 | €29,245 | €28,094 | €33,579 | €16,481 | ▼ 50.9% |
| + Depreciation and write-downs630 | €1,320 | €1,146 | €2,001 | €4,053 | €4,305 | ▲ 6.2% |
| Operating cash flow (approximation) | -€1,172 | €30,391 | €30,095 | €37,633 | €20,786 | ▼ 44.8% |
| Investment in fixed assets (approximation) | - | -€1,336 | -€9,480 | €0 | -€2,208 | - |
| Change in cash | - | €22,376 | -€21,361 | €30,246 | €14,466 | ▼ 52.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €33,579 ▲19.5%
Operating result €44,606, net result €33,579, both a record.
30-09
Financial
Equity above €100,000Eq €103,467 ▲35.4%
3 profitable years in a row build equity to €103,467.
26-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €29,245
Net result €29,245 after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
Financial
Weakest financial yearnet -€2,492
Net result drops to -€2,492, the lowest in the series; recovery starts the following year.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 2012
Ground area
308 m²
Building footprint
73 m²
Parcel 25105B0153/00C003, Wallonia. Linked by address, not a title deed.
1 establishment unit
CODE CONCEPT
since 20122.213.637.988
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0153/00C003 | Wallonia | 308 m² | 1 · 73 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PHIL PROTECTION
BE 0681.600.885
Beloeil · Eq €85,837
HDA ENTREPRISES
BE 0677.676.147
Sprimont · Eq €86,728
CH GROUP SERVICES
BE 0715.576.621
Floreffe · Eq €86,790
CIREC
BE 0791.685.591
Wevelgem · Eq €87,918
JS IMMO
BE 0759.824.655
Binche · Eq €88,004
Of 649 companies in sector 33140 we hold annual accounts for 203. 162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-10-2012
Fiscal year end30-09
Activities, NACEBEL 2025
33140Repair and maintenance of electrical equipment
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.