CODE FOUNDRY
Annual accounts 2025
micro format, filed on 22-07-2026, 9 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €170,000 and €250,000.
Balance sheet
balance sheet total €595,221 on 31-12-2025in euro
in euro
Position in the sector
37.2%
Higher than 32% of 22,039 companies in 2025.
2.14
Higher than 45% of 21,339 companies in 2025.
5.6%
Higher than 27% of 21,530 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
595,221 | 592,473 | 614,763 | 649,311 | 667,203 | 682,749 | 582,116 | 555,776 | 483,013 | 555,783 | 561,049 | |
21/28 |
498,594 | 540,038 | 560,633 | 558,867 | 537,924 | 535,503 | 351,967 | 381,358 | 406,746 | 434,686 | 446,227 | |
21 |
- | - | 52 | 177 | 302 | 427 | 552 | 677 | 802 | 927 | 1,052 | |
22/27 |
498,594 | 540,038 | 560,581 | 558,690 | 537,622 | 535,076 | 351,415 | 380,681 | 405,944 | 433,759 | 445,175 | |
22 |
488,102 | 524,421 | 540,294 | 527,928 | 510,585 | 507,591 | 346,822 | 370,925 | 394,000 | 418,000 | 442,000 | |
23 |
10,492 | 12,113 | 9,313 | 12,317 | 7,848 | 2,679 | 3,468 | 6,936 | 10,404 | 13,872 | - | |
24 |
- | 3,503 | 10,974 | 18,445 | 19,189 | 24,805 | 1,125 | 2,820 | 1,540 | 1,887 | 3,175 | |
29/58 |
96,626 | 52,435 | 54,130 | 90,444 | 129,279 | 147,247 | 230,149 | 174,418 | 76,267 | 121,097 | 114,822 | |
29 |
- | - | - | 24,190 | 29,567 | 34,699 | 39,598 | 44,275 | 48,739 | 53,000 | 93,000 | |
291 |
- | - | - | 24,190 | 29,567 | 34,699 | 39,598 | 44,275 | 48,739 | 53,000 | 93,000 | |
40/41 |
21,572 | 525 | 16,918 | 15,316 | 13,074 | 11,844 | 11,161 | 9,909 | 12,298 | 22,351 | 13,636 | |
40 |
21,568 | - | 16,914 | 13,153 | 12,692 | 10,359 | 9,588 | 8,610 | 2,712 | 10,887 | 13,636 | |
41 |
4 | 525 | 4 | 2,162 | 381 | 1,485 | 1,573 | 1,299 | 9,585 | 11,464 | - | |
54/58 |
75,054 | 51,911 | 37,212 | 50,937 | 80,364 | 95,219 | 176,049 | 112,627 | 12,572 | 43,071 | 8,186 | |
490/1 |
- | - | - | - | 6,275 | 5,485 | 3,341 | 7,608 | 2,659 | 2,675 | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
595,221 | 592,473 | 614,763 | 649,311 | 667,203 | 682,749 | 582,116 | 555,776 | 483,013 | 555,783 | 561,049 | |
10/15 |
221,554 | 188,204 | 161,990 | 166,146 | 156,176 | 83,448 | 74,451 | 125,120 | 38,903 | 79,612 | 65,340 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
13 |
202,954 | 169,604 | 143,390 | 147,546 | 137,576 | 64,848 | 62,051 | 112,720 | 26,503 | 67,212 | 52,940 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
133 |
202,954 | 169,604 | 143,390 | 145,686 | 135,716 | 62,988 | 60,191 | 110,860 | 24,643 | 65,352 | 51,080 | |
17/49 |
373,666 | 404,269 | 452,773 | 483,165 | 511,027 | 599,301 | 507,665 | 430,656 | 444,110 | 476,171 | 495,709 | |
17 |
328,461 | 362,351 | 395,530 | 428,014 | 459,817 | 490,955 | 380,419 | 401,290 | 421,673 | 441,578 | 461,017 | |
170/4 |
328,461 | 362,351 | 395,530 | 428,014 | 459,817 | 490,955 | 380,419 | 401,290 | 421,673 | 441,578 | 461,017 | |
42/48 |
45,205 | 41,918 | 57,243 | 55,151 | 51,210 | 93,346 | 127,246 | 29,365 | 22,437 | 34,593 | 34,692 | |
42 |
34,635 | 33,924 | 33,229 | 32,552 | 31,886 | 31,231 | 20,871 | 20,382 | 19,905 | 19,439 | 18,983 | |
44 |
4,492 | 3,248 | 6,465 | 850 | 5,425 | 5,159 | 3,063 | 2,950 | 593 | 1,855 | 1,752 | |
440/4 |
4,492 | 3,248 | 6,465 | 850 | 5,425 | 5,159 | 3,063 | 2,950 | 593 | 1,855 | 1,752 | |
45 |
4,598 | 2,882 | 14,674 | 20,091 | 13,746 | 6,956 | 3,178 | 5,377 | 193 | 11,687 | 11,267 | |
450/3 |
3,598 | 2,882 | 14,674 | 20,091 | 3,948 | 6,956 | 3,178 | 5,377 | 193 | 11,687 | 11,267 | |
454/9 |
1,000 | - | - | - | 9,798 | - | - | - | - | - | - | |
47/48 |
1,480 | 1,865 | 2,875 | 1,659 | 154 | 50,000 | 100,133 | 656 | 1,747 | 1,612 | 2,690 | |
492/3 |
- | - | - | - | - | 15,000 | - | - | - | - | - | |
| Income statement | ||||||||||||
9900 |
99,848 | 94,657 | 55,501 | 165,808 | 141,419 | 140,588 | 108,509 | 140,240 | 3,163 | 60,597 | 175,384 | |
630 |
43,644 | 46,437 | 43,079 | 37,483 | 32,134 | 32,291 | 29,391 | 29,791 | 28,794 | 28,880 | 89,097 | |
640/8 |
2,415 | 3,808 | 3,725 | 3,344 | 3,340 | 23,007 | 2,862 | 2,812 | 4,933 | 627 | 1,083 | |
9901 |
53,789 | 44,412 | 8,698 | 124,981 | 105,945 | 85,290 | 76,256 | 107,638 | -30,564 | 31,090 | 85,204 | |
75/76B |
553 | 39 | 686 | 4,731 | 3,163 | 2,393 | 2,632 | 4,570 | 2,568 | 4,556 | 38 | |
75 |
553 | 39 | 686 | 4,731 | 3,163 | 2,393 | 2,632 | 4,570 | 2,568 | 4,556 | 38 | |
65/66B |
10,149 | 10,757 | 13,375 | 14,728 | 16,582 | 21,149 | 16,801 | 13,080 | 12,713 | 13,973 | 6,705 | |
65 |
10,149 | 10,757 | 13,375 | 14,728 | 16,582 | 21,149 | 16,801 | 13,080 | 12,713 | 13,973 | 6,705 | |
9903 |
44,193 | 33,693 | -3,991 | 114,984 | 92,525 | 66,534 | 62,087 | 99,128 | -40,709 | 21,673 | 78,536 | |
67/77 |
10,842 | 7,479 | 165 | 25,013 | 19,798 | 13,737 | 12,756 | 12,911 | - | 5,789 | 23,996 | |
9904 |
33,350 | 26,214 | -4,156 | 89,970 | 72,728 | 52,797 | 49,331 | 86,217 | -40,709 | 15,885 | 54,540 | |
9905 |
33,350 | 26,214 | -4,156 | 89,970 | 72,728 | 52,797 | 49,331 | 86,217 | -40,709 | 15,885 | 54,540 | |
| Appropriation of the result | ||||||||||||
9906 |
33,350 | 26,214 | -4,156 | 89,970 | 72,728 | 52,797 | 49,331 | 86,217 | -40,709 | 15,885 | 54,540 | |
791/2 |
- | - | 4,156 | 80,000 | - | - | 50,669 | - | 40,709 | - | - | |
691/2 |
33,350 | 26,214 | - | 89,970 | 72,728 | 2,797 | - | 86,217 | - | 14,273 | 52,940 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
33,350 | 26,214 | - | 89,970 | 72,728 | 2,797 | - | 86,217 | - | 14,273 | 51,080 | |
694/7 |
- | - | - | 80,000 | - | 50,000 | 100,000 | - | - | 1,612 | 1,600 | |
694 |
- | - | - | 80,000 | - | 50,000 | 100,000 | - | - | 1,612 | 1,600 | |
| Document | ||||||||||||
The notes to these accounts have 8 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 22-07-2026.
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 | 22-07-2026 | 2026-00318234 | |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00170987 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00325470 | |
| 31-12-2022 | micro format | 23-06-2023 | 2023-00164620 | |
| 31-12-2021 | micro format | 07-07-2022 | 2022-20172085 | |
| 31-12-2020 | micro format | 29-03-2021 | 2021-08700361 | |
| 31-12-2019 | micro format | 30-06-2020 | 2020-23100326 | |
| 31-12-2018 | micro format | 06-06-2019 | 2019-16600321 | |
| 31-12-2017 | micro format | 27-09-2018 | 2018-65300403 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24300493 | |
| 31-12-2015 | abbreviated format | 07-07-2016 | 2016-29900327 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 97,433 | 90,848 | 51,777 | 162,464 | 138,079 | 117,581 | 105,647 | 137,428 | -1,770 | 59,970 | 174,301 | ||
| 76,994 | 72,651 | 38,922 | 127,453 | 104,862 | 85,088 | 78,722 | 116,008 | -11,915 | 44,765 | 143,637 | ||
| 2,200 | 25,841 | 44,845 | 58,426 | 34,555 | 215,827 | 0 | 4,402 | 854 | 17,340 | 535,324 | ||
| 23,144 | 14,699 | -13,726 | -29,426 | -14,855 | -80,830 | 63,422 | 100,055 | -30,499 | 34,885 | - | ||
| 51,421 | 10,517 | -3,113 | 35,293 | 78,069 | 53,900 | 102,903 | 145,053 | 53,829 | 86,504 | 80,130 | ||
| 37.2% | 31.8% | 26.3% | 25.6% | 23.4% | 12.2% | 12.8% | 22.5% | 8.1% | 14.3% | 11.6% | ||
| 2.14 | 1.25 | 0.95 | 1.64 | 2.52 | 1.58 | 1.81 | 5.94 | 3.40 | 3.50 | 3.31 | ||
| 1.69 | 2.15 | 2.80 | 2.91 | 3.27 | 7.18 | 6.82 | 3.44 | 11.42 | 5.98 | 7.59 | ||
| 15.1% | 13.9% | -2.6% | 54.2% | 46.6% | 63.3% | 66.3% | 68.9% | -104.6% | 20.0% | 83.5% | ||
| 5.6% | 4.4% | -0.7% | 13.9% | 10.9% | 7.7% | 8.5% | 15.5% | -8.4% | 2.9% | 9.7% | ||
| 9.60 | 8.45 | 3.87 | 11.03 | 8.33 | - | - | - | - | - | - |
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| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,200 | €25,841 | €44,845 | €58,426 | €34,555 |
| €43,644 | €46,437 | €43,079 | €37,483 | €32,134 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CODE FOUNDRY
The operating result for 2025 is 21% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 68.2% to 62.8%. Equity is higher and debt is lower.