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CODE & GRAFIX

Active Private limited companyfounded 2019active for 7 yearsMolenbaan 71, 2920 KalmthoutKBO/BCE: BE 0727.819.209
CODE & GRAFIX
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Overview

Lifetime

7 annual accounts with figures on one time axis
peak €60,023 (2025)
€60,023▲ 42.2%
peak €43,832 (2025)
€43,832▲ 43.1%
peak €65,046 (2021)
€21,879unchanged
€61,289▼ 33.1%
Board1 name since 2019
1 directorVERBAKEL Kevin Fons Nelly
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €42,210 to €60,023Result from €30,638 to €43,832Dividend €43,832Debts from €91,578 to €61,289Cash from €83,698 to €53,686

Key points

from the 2025 annual accounts

Equity

€21,879 from €65,046 in 2021

Equity fell by 66% in 4 years.

Debts

€61,289 74% of the balance sheet
Suppliers 4%Taxes and wages 18%Other 78%

Filings

7 annual accounts since 2019
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 3 to 41 days before the end of the period.

Checked score

93
Excellent
Financially stronger than 48% 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 25,933 companies (NACE 62, micro).

About 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 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: 0.1%▲ +0.1 percentage points 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%▼ -0.1 percentage points vs 07-2025 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 01-2026lowest value 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%▲ +0.1 percentage points vs 06-2026highest value 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

51+7equity 26.3% of total assets
60+4short-term debt 73.7% · cash 64.6%
100=return on assets 52.7%

Score breakdown

raises risk
1 change of registered office in 24 months
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.29, cash €53,686
Size: total assets €83,168
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 26% of them on solvency, 43% on liquidity, 82% on profitability and 41% on growth.

The bankruptcy probability was computed on 10-11-2026 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, 6,713 companies had the same profile as CODE & GRAFIX has now. Each dot stands for 17 companies, two years later.

95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of CODE & GRAFIX itself is lower: 0.1% within 12 months. It rests on far more data about CODE & GRAFIX than the profile alone.

Test of the method

The method was tested on the 497,448 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 6,713 companies, not a prediction for CODE & GRAFIX. 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 tight, with a current ratio of 1.29 (1.17 in 2024), below the usual 1.5. Short-term debt is 73.7% and cash 64.6% of total assets. 73.7% 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

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Liquidity: current ratio 1.29, cash €53,686
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €83,168
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 21217 sector peers (2025).
NBB · sector comparison
Position among 21217 sector peers
Solvency
better than 25%
← weakest strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
25 days early
2024
3 days early
2023
20 days early
2022
17 days early
2021
41 days early
2020
19 days early
2019
31 days early
← 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 22 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 12 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
11-11-2026 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

VK
VERBAKEL Kevin Fons Nelly
Director, since 06-06-2019
  • VERBAKEL Kevin Fons Nelly 100 sharesdeed of 11-06-2019
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0727819209
Registered office moved from Antwerp to Kalmthout New registered office: Molenbaan 71, 2920 Kalmthout · Previous registered office: Italiëlei 12, 2000 Antwerpen · General meeting of 27-05-2026 · Gazette deed
Incorporation Founding capital of €1,000, 100 shares · Founder: VERBAKEL Kevin Fons Nelly (oprichter comparant) · Appointment: VERBAKEL Kevin Fons Nelly (director) · published on 11-06-2019 · Gazette deed
First establishment Italiëlei 12, Antwerp
All 13 events

Comparable companies

same main activity, similar in size and age
Company
CODE & GRAFIX Kalmthout €83,168 €60,023 26.3% -
BK CONSULTING Zoersel €78,526 €61,046 23.8% -
SECONDS Aartselaar €74,853 €61,849 81.3% -
unect Heist-op-den-Berg €76,227 €65,637 26.4% -
IsaCon Malle €74,477 €64,178 70.8% -
JASE CONSULTING Mol €83,195 €54,975 25.3% -
Sports Insights Schelle €94,277 €63,918 71.8% -

These companies have the same main activity as CODE & GRAFIX: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €74,500 and €94,300, founded between 2018 and 2020.

Official details

Source: KBO
Status
Active since 06-06-2019Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200
Establishment unit
2.289.860.0932000 Antwerp, since 06-06-2019
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€60,023▲ 42.2%
≈ €110,000estimated
€43,832▲ 43.1%
€21,879=
€83,168▼ 26.7%
Filing
Filed on 06-07-2026, 25 days before the end of the filing period
Financials

Insights on CODE & GRAFIX

CODE & GRAFIX files the micro format. That format states no turnover. The gross margin rose from €30,221 in 2019 to €60,023 in 2025.

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

Financials

Annual accounts 2025

micro format, filed on 06-07-2026, 25 days before the deadline
€60,023
▲ 42.2%
€56,491
▲ 43.8%
€59,252
▲ 43.1%
€46,594
▲ 42.2%
26.3%
▲ 7.0 percentage points
1.29
▲ 0.13

Money flows

no detail for 2025

Balance sheet

balance sheet total €83,168 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

26.3%

Higher than 25% of 21,217 companies in 2025.

1.29

Higher than 28% of 20,581 companies in 2025.

52.7%

Higher than 87% of 20,756 companies in 2025.

CODE & GRAFIX Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019
Balance sheet: assets
20/58 83,168113,45790,549122,822104,78583,58946,980
21/28 3,9466,7075,3116,3736,6088,3064,818
22/27 3,6716,4325,0366,0986,6088,3064,818
23 --05261,4412,357537
24 3,6716,4325,0365,5725,1675,9494,281
28 275275275275---
29/58 79,223106,75085,238116,44998,17775,28342,162
40/41 21,10018,60433,56219,98529,88023,5127,422
40 18,05615,60431,08618,56729,88023,5127,422
41 3,0443,0002,4751,417---
54/58 53,68683,69847,23891,71468,29751,77134,740
490/1 4,4384,4484,4384,751---
Balance sheet: equity and liabilities
10/49 83,168113,45790,549122,822104,78583,58946,980
10/15 21,87921,87921,87921,87965,04644,01521,879
10/11 1,0001,0001,0001,0001,0001,000-
11 ------1,000
1100/10 ------1,000
13 20,87920,87920,87920,87964,04643,01520,879
133 20,87920,87920,87920,87964,04643,01520,879
14 0000---
17/49 61,28991,57868,670100,94239,73939,57425,101
42/48 61,28991,57868,670100,94239,73939,57425,101
42 --01,672---
44 2,4564,3624,1193,3871,1943494,040
440/4 2,4564,3624,1193,3871,1943494,040
45 11,30810,24814,43414,42720,19420,92214,661
450/3 8,0016,95911,14411,17217,00617,73711,482
454/9 3,3073,2893,2893,2563,1883,1853,178
47/48 47,52576,96850,11881,45618,35018,3036,401
Income statement
70 -----119,49597,041
9900 60,02342,21037,61417,09930,01230,40230,221
60/61 -----91,27068,731
630 2,7622,1322,6372,4432,8241,9181,029
640/8 77180149345019220098
9901 56,49139,27634,48414,20726,99628,28329,094
75/76B 13410375-
75 13410375-
65/66B 1,0631281251361255723
65 1,0631281251361255723
9903 55,42839,18234,35914,07126,87528,30229,071
67/77 11,5968,5437,5253,6285,8446,1668,191
9904 43,83230,63826,83510,44321,03122,13620,879
9905 43,83230,63826,83510,44321,03122,13620,879
Appropriation of the result
9906 43,83230,63826,83510,44321,03122,13620,879
791/2 --043,167---
691/2 ---021,03122,13620,879
6921 ---021,03122,13620,879
694/7 43,83230,63826,83553,610---
694 43,83230,63826,83553,610---
Document PDFPDFPDFPDFPDFPDFPDF

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 06-07-2026.

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 06-07-2026 2026-00255631 PDF
31-12-2024 micro format 28-07-2025 2025-00315191 PDF
31-12-2023 micro format 11-07-2024 2024-00233569 PDF
31-12-2022 micro format 14-07-2023 2023-00236110 PDF
31-12-2021 micro format 20-06-2022 2022-20073210 PDF
31-12-2020 micro format 12-07-2021 2021-33600409 PDF
31-12-2019 micro format 30-06-2020 2020-23400463 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019
59,25241,40837,12116,65029,82030,20230,123
46,59432,77129,47212,88623,85524,05421,909
03,5281,5762,2071,1265,4055,848
-30,01336,460-44,47623,41716,52617,031-
17,93415,17216,56815,50758,43835,70917,061
-----23.7%30.0%
26.3%19.3%24.2%17.8%62.1%52.7%46.6%
1.291.171.241.152.471.901.68
2.804.193.144.610.610.901.15
200.3%140.0%122.6%47.7%32.3%50.3%95.4%
52.7%27.0%29.6%8.5%20.1%26.5%44.4%
55.72over 100over 100over 100over 100--
-----72 days28 days
-----1 day21 days

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-€3,528€1,576€1,932€1,126
Financial fixed assets€0--€275-
€2,762€2,132€2,637€2,443€2,824

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

Insights on CODE & GRAFIX

The operating result for 2025 is 44% higher than in 2024 and the highest since 2019. It is the third rise in a row, after the fall in 2022.

Debt's share of the balance-sheet total falls from 80.7% to 73.7%. Debt is lower.

Board & ownership

Board

1 director, since incorporation
VERBAKEL Kevin Fons Nelly
Director (not named in the articles)
since 06-06-2019 term without a fixed end
listed in the 2025 annual accounts, filed on 06-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 11-06-2019

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
VERBAKEL Kevin Fons Nelly
Director (not named in the articles)
Board
Mandates as a list
  • VERBAKEL Kevin Fons Nelly
    • Director (not named in the articles), from 06-06-2019 to date

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

Control

Founder
VERBAKEL Kevin Fons Nelly
This company
CODE & GRAFIX
Equity €21,879
Profit €43,832 in 2025

Capital

Contribution
€1,000
Shares
100
Contribution per share
€10
Equity per share
€219 in 2025
Source
deed of 11-06-2019

Articles of association

deed of 11-06-2019 (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.
“Geheel van bevoegdheden aan hem toegekend,met mogelijkheid deel te delegeren, iedere bestuurder alleen optredend mag alle nodige of nuttige…”
“Algemene vergadering met absolute meerderheid of enige aandeelhouder bepaalt bedrag vaste of evenredige vergoeding,geboekt op algemene…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Monday of June at 18:00

Shareholders

At incorporation deed of 11-06-2019 ↗

Network & group

No group

CODE & GRAFIX has no parent and no holdings in its annual accounts. VERBAKEL Kevin Fons Nelly is the only director. CODE & GRAFIX shares no director with another company.

Timeline

Timeline

13 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0727819209
Annual accounts 2025 filed NBBmicro format · 25 days before the deadline
Registered office moved from Antwerp to KalmthoutNew registered office: Molenbaan 71, 2920 Kalmthout · Previous registered office: Italiëlei 12, 2000 Antwerpen · General meeting of 27-05-20262 points ▸
  • General meeting, 27-05-2026
  • Registered-office move, Molenbaan 71, 2920 Kalmthout

Open the deed in the Belgian Official Gazette

2025
Highest result from 2019 to 2025 net €43,832 ▲43.1% The operating result of €56,491 and the net result of €43,832 are both a record.
Annual accounts 2024 filed PDFmicro format · 3 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 20 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 17 days before the deadline
2022
Weakest financial year net €10,443 ▼50.3% The net result drops to €10,443, the lowest from 2019 to 2025. It recovers the following year.
Annual accounts 2021 filed PDFmicro format · 41 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 19 days before the deadline
2020
Annual accounts 2019 filed PDFmicro format · 31 days before the deadline
2019
IncorporationFounding capital of €1,000, 100 shares · Founder: VERBAKEL Kevin Fons Nelly (oprichter comparant) · Appointment: VERBAKEL Kevin Fons Nelly (director) · published on 11-06-20193 points ▸

Open the deed in the Belgian Official Gazette

First establishment Italiëlei 12, Antwerp

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 & GRAFIX was incorporated on 6 June 2019 as a private limited company by one natural person, with a starting capital of €1,000.12 The registered office was moved to Kalmthout in 2026.3 Since 2019, VERBAKEL Kevin Fons Nelly has served as director.4 Total assets rose from €46,980 in 2019 to €83,168 in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 11-06-2019
  3. 3Belgian Official Gazette, 29-06-2026
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0727.819.209
VAT number
BE 0727.819.209
Peppol ID
0208:0727819209
Legal form
Private limited company
Status
Active, normal situation
Founded
06-06-2019
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Monday of June at 18:00
deed of 11-06-2019 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CODE & GRAFIX in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-06-2019 (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.
“Italiëlei 12 bus 501”
deed of 11-06-2019 (in Dutch)

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Ontwikkelen websites en webportalen, grafisch design, gegevensverwerking en webhosting; Ontwerpen programma’s en computerconsultancy…”
3 activities
  1. Ontwikkelen websites en webportalen, grafisch design, gegevensverwerking en webhosting;
  2. Ontwerpen programma’s en computerconsultancy;
  3. Detailhandel in computers, randapparatuur en software en bijbehoren.
deed of 11-06-2019 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Molenbaan 71 registered office 2920 Kalmthout
Italiëlei 12 2000 Antwerp 06-06-2019 2.289.860.093
1 former office
  • Italiëlei 12, 2000 Antwerpen until 27-05-2026 · deed of 29-06-2026

Buildings and parcels at the addresses

Ground area
650 m²
Buildings
299 m²
Volume, LiDAR
4,559 m³
Tallest building
25.1 m
Buildings to scale, each on its own parcel
190 m², 25.1 m 109 m², 5.4 m 190 m², 25.1 m 109 m², 5.4 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
11662E0035/00B002367 m² 1 · 109 m² 5.4 m · 1
11802B0369/00E003283 m² 1 · 190 m² 25.1 m · 7

Contact

E-mail org@codeandgrafix.be

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