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Code Fairies

Active Private limited companyfounded 2016active for 10 yearsRaasakker 54, 9880 AalterKBO/BCE: BE 0661.893.752

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €24,499 (2021)
€5,638▼ 26.2%
peak €13,434 (2021)
€1,092▼ 13.1%
peak €38,017 (2023)
€23,197▲ 4.9%
€6,080▼ 30.7%
Board3 names since 2019
2 directorsGAERDELEN Dries and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Gross margin from €7,634 to €5,638Debts from €8,767 to €6,080

Key points

from the 2025 annual accounts

Equity

€23,197 ▲ 4.9%

Code Fairies has made a profit in every financial year since 2018.

Liquidity

20.58 was 5.57 in 2024

Short-term debts fell from €4,388 to €1,422.

Filings

8 annual accounts since 2018
AprilJune31 JulyOctober20202025

The last five annual accounts were filed 1 to 4 days before the end of the period.

Checked score

96
Excellent
Financially stronger than 66% 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 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025lowest value 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025highest value 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 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 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

100+3equity 79.2% of total assets
100+3short-term debt 4.9% · cash 61.8%
73-1return on assets 3.7%

Score breakdown

lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 20.58, cash €18,082
Equity €23,197 (79.2% of total assets)
Figures for financial year 2025 (filed on 27-07-2026)
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 85% of them on solvency, 96% on liquidity, 32% on profitability and 50% 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, 10,904 companies had the same profile as Code Fairies has now. Each dot stands for 28 companies, two years later.

95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

That fits the bankruptcy probability of Code Fairies itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 10,904 companies, not a prediction for Code Fairies. 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 €2,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 20.58 (5.57 in 2024), above the usual 1.5. Short-term debt is 4.9% and cash 61.8% of total assets. 20.8% 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

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 20.58, cash €18,082
NBB · annual accounts
lowers risk · Equity €23,197 (79.2% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 27-07-2026)
NBB · annual accounts
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 27-07-2026, 4 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2025
4 days early
2024
1 day early
2023
1 day early
2022
2 days early
2021
3 days early
2020
6 days early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 2 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. The company usually files around 29 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0661893752
Changes of role: GAERDELEN Dries (director) and PEIRENS Bart Denise Luc (director) Issue of 930 shares · Director discharge: GAERDELEN Dries · Director discharge: PEIRENS Bart Denise Luc · General meeting of 24-10-2022 · Gazette deed
Registered office moved from Moerbeke-Waas to Aalter New registered office: Raasakker 54 te 9880 Aalter · Previous registered office: Tulpenlaan 4 te 9180 Moerbeke-Waas · Resignation: Lennart De Boeck (manager) · General meeting of 04-02-2019 · Gazette deed
Incorporation published on 05-09-2016 · Gazette deed
All 16 events

Comparable companies

same main activity, similar in size and age
Company
Code Fairies Aalter €29,277 €5,638 79.2% -
Raes Solutions Antwerp €27,365 €6,076 68.0% -
NEW WAY of CONSULTING Dilbeek €31,635 €4,781 -65.8% -
GVA Consulting Sivry-Rance €24,367 €5,732 80.2% -
EMALI Blegny €31,334 €7,063 83.8% -
ORTHANC LABS Visé €35,599 €5,015 97.9% -
FASE 3 Lille €31,664 €7,259 -130.1% -

These companies have the same main activity as Code Fairies: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €24,400 and €35,600, founded between 2016 and 2018.

Official details

Source: KBO
Status
Active since 01-09-2016Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 4 others
Establishment unit
2.256.154.6729880 Aalter, since 01-09-2016
Financial year end
31 December
Peppol
Reachable since 06-06-2023
Company details

Annual accounts 2025

€5,638▼ 26.2%
≈ €30,000estimated
€1,092▼ 13.1%
€23,197▲ 4.9%
€29,277▼ 5.2%
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Insights on Code Fairies

Code Fairies files the micro format. That format states no turnover. The gross margin fell from €18,128 in 2018 to €5,638 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-07-2026, 4 days before the deadline
€5,638
▼ 26.2%
€2,097
▼ 21.7%
€1,092
▼ 13.1%
€27,855
▲ 38.8%
79.2%
▲ 7.6 percentage points
20.58
▲ 15.01

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 ≈ €30,000. Estimated: probably between €15,000 and €59,000.

Balance sheet

balance sheet total €29,277 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

79.2%

Higher than 74% of 21,206 companies in 2025.

20.58

Higher than 95% of 20,569 companies in 2025.

3.7%

Higher than 23% of 20,744 companies in 2025.

Code Fairies Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: bottom quarter · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 29,27730,87344,49142,19654,48541,47743,16734,266
21/28 06,42310,56517,00615,03712,35416,017-
22/27 06,42310,56517,00615,03712,35416,017-
23 03,4264,9346,442----
24 02,9975,63110,56415,03712,35416,017-
29/58 29,27724,45033,92525,19039,44829,12327,14934,266
40/41 6,8241,8126,0454,3385,1893,2412,4786,720
40 4,7711,0143,6462,1164,1252,9162,0026,720
41 2,0537982,3992,2221,064325476-
50/53 ----10,00010,00010,000-
54/58 18,08220,17125,60818,32221,91813,66813,39426,951
490/1 4,3712,4672,2722,5302,3412,2151,277595
Balance sheet: equity and liabilities
10/49 29,27730,87344,49142,19654,48541,47743,16734,266
10/15 23,19722,10638,01736,76635,65123,81619,60518,097
10/11 9309306,2006,2006,2006,2006,2006,200
100 ------18,60018,600
101 ------12,40012,400
13 22,26721,17631,81730,56629,45117,61613,40511,897
130/1 ----1,8601,860--
130 ------1,8601,860
1311 ----1,8601,860--
133 22,26721,17631,81730,56627,59115,75611,54510,037
14 0-------
17/49 6,0808,7676,4745,43018,83417,66123,56216,169
17 ----1,7155,7979,829-
170/4 ----1,7155,7979,829-
42/48 1,4224,3883,3853,03414,8049,1859,39114,984
42 ---1,7154,0814,0333,984-
44 1,4221,4626517156,5713821,0943,136
440/4 1,4221,4626517156,5713821,0943,136
45 07359326042,5513,1711,8887,942
450/3 07359326042,5513,1711,8887,942
47/48 02,1911,802-1,6001,6002,4253,907
492/3 4,6574,3803,0882,3952,3152,6794,3421,185
Income statement
76A 74-------
9900 5,6387,63410,0747,34024,49914,1237,37418,128
630 04,1426,4404,7463,6633,6632,298-
631/4 ------708-
640/8 544815789770715713682533
66A 2,997-------
9901 2,0972,6762,8441,82420,1219,7473,68617,594
75/76B ---308171632
75 ---308171632
65/66B 16016213517425236830355
65 16016213517425236830355
9903 1,9362,5152,7091,95819,8709,3863,39917,571
67/77 8451,2591,4588426,4363,5741,8916,686
9904 1,0921,2561,2511,11513,4345,8121,50810,885
9905 1,0921,2561,2511,11513,4345,8121,50810,885
Appropriation of the result
9906 1,0921,2561,2511,11513,4345,8121,50810,885
791/2 011,897------
691/2 1,0921,2561,2511,11511,8344,2121,5089,285
6920 -------1,660
6921 1,0921,2561,2511,11511,8344,2121,5087,625
694/7 011,897--1,6001,600-1,600
694 011,897--1,6001,600-1,600
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 9 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 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 27-07-2026 2026-00335703 PDF
31-12-2024 micro format 30-07-2025 2025-00350527 PDF
31-12-2023 micro format 30-07-2024 2024-00315442 PDF
31-12-2022 micro format 29-07-2023 2023-00302322 PDF
31-12-2021 micro format 28-07-2022 2022-20249717 PDF
31-12-2020 micro format 25-07-2021 2021-43200417 PDF
31-12-2019 micro format 31-07-2020 2020-37400231 PDF
31-12-2018 micro format 30-07-2019 2019-41200565 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
2,0976,8199,2846,57023,78413,4105,984-
1,0925,3987,6915,86217,0979,4753,806-
0006,7156,346018,315-
-2,089-5,4377,286-3,5968,250273-13,556-
27,85520,06330,54022,15524,64419,93817,75919,282
79.2%71.6%85.4%87.1%65.4%57.4%45.4%52.8%
20.585.5710.028.302.663.172.892.29
0.260.400.170.150.530.741.200.89
4.7%5.7%3.3%3.0%37.7%24.4%7.7%60.2%
3.7%4.1%2.8%2.6%24.7%14.0%3.5%31.8%
13.0942.1668.6137.6594.55---

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
Item20252024202320222021
Tangible fixed assets---€6,715€6,346
Financial fixed assets€0----
€0€4,142€6,440€4,746€3,663

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Code Fairies

The operating result for 2025 is 22% lower than in 2024 and the lowest since 2022. It is the second fall in a row.

Debt's share of the balance-sheet total falls from 28.4% to 20.8%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in 2022
Director (not named in the articles)
appointed by deed of 28-10-2022 term without a fixed end
earlier manager (not named in the articles), until 28-10-2022
listed in the 2025 annual accounts, filed on 27-07-2026
Director (not named in the articles)
appointed by deed of 28-10-2022 term without a fixed end
earlier manager (not named in the articles), until 28-10-2022
listed in the 2025 annual accounts, filed on 27-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-10-2022

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
GAERDELEN Dries
Director (not named in the articles)
PEIRENS Bart Denise Luc
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • GAERDELEN Dries
    • Director (not named in the articles), appointed by deed of 28-10-2022, still in office
    • Manager (not named in the articles), until 28-10-2022
  • PEIRENS Bart Denise Luc
    • Director (not named in the articles), appointed by deed of 28-10-2022, still in office
    • Manager (not named in the articles), until 28-10-2022
  • Lennart De Boeck
    • Manager, until 01-03-2019

See the board, name and registered office on a given date →

Control

Capital

Contribution
€930
Source
2025 annual accounts

Articles of association

deed of 28-10-2022 (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.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 20:00

Network & group

No group

Code Fairies has no parent and no holdings in its annual accounts. Code Fairies shares no director with another company.

At the same address

Raasakker 54, 9880 Aalter · 1 other company
Musict
registered office since 11-03-2024 · founded in 2024
total assets €64,987 (2025)
1006.974.123

Timeline

Timeline

16 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2025
Liquidity more than triples current ratio 20.58 The current ratio rises from 5.57 to 20.58. Short-term debt falls from €4,388 to €1,422.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 1 day before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 2 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0661893752
2022
Liquidity more than triples current ratio 8.30 The current ratio rises from 2.66 to 8.30. Short-term debt falls from €14,804 to €3,034.
Changes of role: GAERDELEN Dries (director) and PEIRENS Bart Denise Luc (director)Issue of 930 shares · Director discharge: GAERDELEN Dries · Director discharge: PEIRENS Bart Denise Luc · General meeting of 24-10-20229 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · 3 days before the deadline
2021
Highest result from 2018 to 2025 net €13,434 ▲131% The operating result of €20,121 and the net result of €13,434 are both a record.
Annual accounts 2020 filed PDFmicro format · 6 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · on the deadline day
2019
Annual accounts 2018 filed PDFmicro format · 1 day before the deadline
Registered office moved from Moerbeke-Waas to AalterNew registered office: Raasakker 54 te 9880 Aalter · Previous registered office: Tulpenlaan 4 te 9180 Moerbeke-Waas · Resignation: Lennart De Boeck (manager) · General meeting of 04-02-20195 points ▸
  • General meeting, 04-02-2019
  • Director resignation, Lennart De Boeck (manager)
  • Director discharge, Lennart De Boeck
  • Registered-office move, Raasakker 54 te 9880 Aalter
  • Power of attorney, Michaël De Rechter

Open the deed in the Belgian Official Gazette

2016
Incorporation PDFpublished on 05-09-2016
First establishment Lucatrace, Raasakker 54, Aalter

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 Fairies was incorporated on 1 September 2016.1 The registered office was moved to Aalter in 2019.2 Total assets fell from €34,266 in 2018 to €29,277 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 01-03-2019
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0661.893.752
VAT number
BE 0661.893.752
Peppol ID
0208:0661893752
Other Peppol ID
9925:BE0661893752
LEI code
894500URIX1IUE2T0Y56 no longer live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
01-09-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 20:00
deed of 28-10-2022 (in Dutch)
Peppol
Reachable since 06-06-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Code Fairies in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-10-2022 (in Dutch)
Name clauseThe company operates under this name according to its articles.
Code Fairies
deed of 28-10-2022 (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 28-10-2022 (in Dutch)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
62020 IT consultancy main activity
56210 Catering
62010 Computer programming, consultancy and related activities
62030 Computer programming, consultancy and related activities
63110 Computing infrastructure, data processing, hosting and other information service activities
74201 Photography, excluding press photography
PurposeThe purpose describes the activities the company may carry out under its articles.
“Ontwikkeling van software voor alle vormen van informatica; Ontwikkeling en beheer van websites,webshops en diverse informaticadiensten…”
14 activities
  1. Ontwikkeling van software voor alle vormen van informatica
  2. Ontwikkeling en beheer van websites,webshops en diverse informaticadiensten
  3. Ondersteuning en consulting op het gebied van informatica
  4. Grafisch ontwerp
  5. Overige fotografische activiteiten
  6. Maken van geluidsopnamen
  7. Gespecialiseerde beeld-,verlichtings- en geluidstechnieken
  8. Promotie,organisatie en verzorgen van evenementen
  9. Adviesverlening inzake organisatie van evenementen,bedrijfsfeesten concerten,enzoverder
  10. Alle onroerende verrichtingen of ermee verband houdende,namelijk:huren,verhuren,aan- en verkopen,expertise,beheer
  11. Het optreden als bestuurder,zaakvoerder,vereffenaar of consultant van andere vennootschappen,al dan niet tegen betaling
  12. Het verwerven en verhandelen van effecten,een participatie aanhouden in andere vennootschappen en/of ondernemingen
  13. Het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden
  14. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm
deed of 28-10-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Lucatrace registered office Raasakker 54, 9880 Aalter 01-09-2016 2.256.154.672
1 former office
  • Tulpenlaan 4, 9180 Moerbeke-Waas until 04-02-2019 · deed of 01-03-2019

Buildings and parcels at the address

Ground area
224 m²
Buildings
77 m²
Volume, LiDAR
499 m³
Tallest building
9.0 m
Buildings to scale, each on its own parcel
77 m², 8.9 m 77 m², 8.9 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44001B0492/00F002224 m² 1 · 77 m² 8.9 m · 2