Equity
CODE K paid out €833 in dividends. That is 3% of the 2025 profit.
CODE K paid out €833 in dividends. That is 3% of the 2025 profit.
The micro format states no turnover.
Green is investment, beige is depreciation.
The 2023 accounts came latest: 234 days after the end of the period.
More equity than 80% of companies in computing infrastructure and information services. Sector median €60,623 · 2,302 companies.
The dashed line is the sector median: 0.1% across 2,947 companies (NACE 63, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 63, micro). It does better than 86% of them on solvency, 40% on liquidity, 45% on profitability and 60% 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 30-09-2025.
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).
Liquidity is tight, with a current ratio of 1.1 (0.74 in 2024), below the usual 1.5. Short-term debt is 22% and cash 9.4% of total assets. 22.9% of the assets are financed with debt and provisions.
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.
The company filed its last 5 accounts on average 70 days after the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CODE K Nandrin | €247,987 | €50,416 | 77.1% | - |
| GINI Consult Wingene | €250,558 | €55,947 | 17.4% | - |
| EVery ThinK Aywaille | €267,061 | €36,047 | 28.9% | - |
| CLIJSTERS CONSULTING Tremelo | €201,430 | €50,610 | 12.9% | - |
| DVB CONSULTING & SERVICES Hasselt | €294,373 | €42,053 | 44.7% | - |
| DS’events Scherpenheuvel-Zichem | €225,476 | €56,799 | 67.8% | - |
| ResQ International Wezembeek-Oppem | €193,761 | €55,478 | 48.5% | - |
These companies have the same main activity as CODE K: other information service activities (NACE 63920). They are comparable in size and age: total assets between €194,000 and €294,000, founded between 2020 and 2021.
CODE K files the micro format. That format states no turnover. The gross margin fell from €68,184 in 2021 to €50,416 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €150,000. Estimated: probably between €100,000 and €260,000.
Higher than 73% of 2,302 companies in 2025.
Higher than 26% of 2,199 companies in 2025.
Higher than 42% of 2,233 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
247,987 | 240,248 | 235,143 | 225,615 | 256,057 | |
21/28 |
188,291 | 185,795 | 187,173 | 188,467 | 201,118 | |
22/27 |
4,471 | 1,975 | 3,354 | 4,647 | 17,298 | |
22 |
492 | 802 | 1,112 | 1,337 | - | |
24 |
3,251 | 1,174 | 2,242 | 3,311 | 17,298 | |
26 |
728 | - | - | - | - | |
28 |
183,819 | 183,819 | 183,819 | 183,819 | 183,819 | |
29/58 |
59,696 | 54,453 | 47,970 | 37,148 | 54,939 | |
40/41 |
32,621 | 26,261 | 28,405 | 29,268 | 19,965 | |
40 |
29,494 | 21,685 | 23,197 | 29,268 | 19,965 | |
41 |
3,127 | 4,576 | 5,207 | - | - | |
54/58 |
23,379 | 25,563 | 19,367 | 7,826 | 34,974 | |
490/1 |
3,696 | 2,629 | 198 | 54 | - | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
247,987 | 240,248 | 235,143 | 225,615 | 256,057 | |
10/15 |
191,196 | 167,062 | 120,930 | 82,669 | 38,720 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
11 |
- | - | - | - | 3,000 | |
1109/19 |
- | - | - | - | 3,000 | |
14 |
188,196 | 164,062 | 117,930 | 79,669 | 35,720 | |
17/49 |
56,791 | 73,186 | 114,213 | 142,946 | 217,337 | |
42/48 |
54,513 | 73,186 | 114,213 | 142,946 | 217,337 | |
43 |
5,064 | 4,051 | 6,076 | - | - | |
430/8 |
5,064 | 4,051 | 6,076 | - | - | |
44 |
10,977 | 5,805 | 2,080 | 2,428 | 5,256 | |
440/4 |
10,977 | 5,805 | 2,080 | 2,428 | 5,256 | |
45 |
9,253 | 9,236 | 28,219 | 26,719 | 27,155 | |
450/3 |
9,253 | 9,236 | 28,219 | 26,719 | 27,155 | |
47/48 |
29,220 | 54,094 | 77,838 | 113,798 | 184,926 | |
492/3 |
2,277 | - | - | - | - | |
| Income statement | ||||||
9900 |
50,416 | 73,796 | 57,692 | 68,494 | 68,184 | |
630 |
1,478 | 1,378 | 1,378 | 5,330 | 7,299 | |
640/8 |
3,782 | 32,330 | 513 | 1,142 | 6,175 | |
9901 |
45,156 | 40,089 | 55,801 | 62,022 | 54,710 | |
75/76B |
- | 60 | - | 6 | - | |
75 |
- | 60 | - | 6 | - | |
65/66B |
8,434 | 8,401 | 594 | 95 | - | |
65 |
8,434 | 8,401 | 594 | 95 | - | |
9903 |
36,722 | 31,748 | 55,207 | 61,933 | 54,710 | |
67/77 |
11,755 | 6,352 | 16,946 | 17,983 | 18,991 | |
9904 |
24,967 | 25,396 | 38,261 | 43,950 | 35,720 | |
9905 |
24,967 | 25,396 | 38,261 | 43,950 | 35,720 | |
| Appropriation of the result | ||||||
9906 |
189,029 | 164,895 | 117,930 | 79,669 | 35,720 | |
14P |
164,062 | 139,499 | 79,669 | 35,720 | - | |
694/7 |
833 | 833 | - | - | - | |
694 |
833 | 833 | - | - | - | |
| Document | ||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-04-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 02-04-2026 | 2026-00071189 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083187 | |
| 30-09-2023 | micro format | 20-12-2024 | 2024-00621430 | |
| 30-09-2022 | micro format | 04-04-2023 | 2023-00052841 | |
| 30-09-2021 | micro format | 19-10-2022 | 2022-20466587 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 46,634 | 41,467 | 57,179 | 67,352 | 62,009 | ||
| 26,445 | 26,774 | 39,639 | 49,280 | 43,018 | ||
| 26,464 | 0 | 85 | 2,596 | 208,416 | ||
| -2,184 | 6,196 | 11,541 | -27,148 | - | ||
| 5,183 | -18,733 | -66,243 | -105,797 | -162,398 | ||
| 77.1% | 69.5% | 51.4% | 36.6% | 15.1% | ||
| 1.10 | 0.74 | 0.42 | 0.26 | 0.25 | ||
| 0.30 | 0.44 | 0.94 | 1.73 | 5.61 | ||
| 13.1% | 15.2% | 31.6% | 53.2% | 92.3% | ||
| 10.1% | 10.6% | 16.3% | 19.5% | 13.9% | ||
| 5.53 | 4.94 | 96.26 | over 100 | - |
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.
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €26,464 | - | - | €2,596 | €24,597 |
| Financial fixed assets | - | - | - | - | €183,819 |
| €1,478 | €1,378 | €1,378 | €5,330 | €7,299 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 13% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 30.5% to 22.9%. Equity is higher and debt is lower.
CODE K has no parent and no holdings in its annual accounts. HANS Kevin Charles Jean-Marie is the only director.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 30-04-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
CODE K was incorporated on 4 September 2020 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Villers Le Temple in 2022.3 Since 2020, HANS Kevin Charles Jean-Marie has served as director.4 Total assets went from €256,057 in 2021 to €247,987 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Rue des Six Bonniers 43 registered office 4550 Nandrin | 04-09-2020 | 2.311.542.266 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 61069D0524/00M000 | 2,288 m² | 1 · 138 m² | 7.2 m · 2 |
If something looks wrong or is missing, please tell us.