Code Nucleus
ActiveSummary
Code Nucleus has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,701 and a net result of €9,701. Its solvency ranks better than 17% of 20,840 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €12,701
- Profit
- €9,701
Why 81raises riskLiquidity: current ratio 0.85, cash €1,161Founded in 2025lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €92,433Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 18% on solvency, 13% on liquidity and 42% on profitability.
The bankruptcy probability was computed on 11-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: CALUS Nick (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them.
Peer companies
Historical observationOf the 2,390 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,390 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,780 |
| Other operating charges640/8 | €50 |
| Gross operating margin9900 | €14,242 |
| Operating profit (loss)9901 | €12,411 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €310 |
| Recurring financial charges65 | €310 |
| Profit (loss) for the period before taxes9903 | €12,101 |
| Income taxes67/77 | €2,400 |
| Profit (loss) for the period9904 | €9,701 |
| Profit (loss) for the period to be appropriated9905 | €9,701 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €92,433 | |
| Fixed assets21/28 | €61,958 | |
| Tangible fixed assets22/27 | €61,958 | |
| Plant, machinery and equipment23 | €2,333 | |
| Furniture and vehicles24 | €59,625 | |
| Current assets29/58 | €30,475 | |
| Amounts receivable within one year40/41 | €18,119 | |
| Trade receivables40 | €10,500 | |
| Other amounts receivable41 | €7,619 | |
| Cash at bank and in hand54/58 | €1,161 | |
| Deferred charges and accrued income490/1 | €11,194 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €92,433 | |
| Equity10/15 | €12,701 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €9,701 | |
| Amounts payable17/49 | €79,732 | |
| Amounts payable after more than one year17 | €43,798 | |
| Financial debts170/4 | €43,798 | |
| Amounts payable within one year42/48 | €35,934 | |
| Current portion of amounts payable after more than one year42 | €10,199 | |
| Trade debts44 | €581 | |
| Suppliers440/4 | €581 | |
| Taxes, remuneration and social security45 | €4,800 | |
| Taxes450/3 | €4,800 | |
| Other amounts payable47/48 | €20,354 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €9,701 |
| + Depreciation and write-downs630 | €1,780 |
| Operating cash flow (approximation) | €11,481 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: not fully processed yet. The notices from December 2025 to September 2026 are still being read.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CALUS Nick |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-08
Gazette deed
IncorporationAppointment: CALUS Nick (director) · Founder · Founding capital6 facts ▸
- Incorporation, 26-08-2025
- Founder, CALUS Nick
- Founding capital, €3,000
- Bank account, 3000, EUR
- Capital
- Director appointment, CALUS Nick (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 11 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12006D0233/00S000 | Flanders | 579 m² | 1 · 126 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Ontwerp en implementatie van softwaresystemen bij de klant (freelance); Ontwerp en implementatie van elektronica- en hardwaresystemen bij de…” (deed in Dutch)
11 activities (deed in Dutch)
- Ontwerp en implementatie van softwaresystemen bij de klant (freelance)
- Ontwerp en implementatie van elektronica- en hardwaresystemen bij de klant (freelance)
- Ontwerp en implementatie van eigen softwaresystemen
- Ontwerp en implementatie van eigen elektronica- en hardwaresystemen
- Exploitatie en verkoop van softwaresystemen en bijhorende hardware
- Exploitatie en verkoop van aangekochte producten aangaande vermelde activiteiten, losstaand of in combinatie met de eigen ontwikkelde producten
- Adviseren bij het ontwerp en ontwikkeling van softwaresystemen
- Consultancy inzake software, hardware en elektronica
- Beheer van IT-infrastructuur
- Diagnostiek, onderhoud en herstelling van IT-apparatuur, elektronische apparaten en elektromechanische systemen
- Geven van trainingen, opleidingen en cursussen binnen het domein van softwareontwikkeling
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Code Nucleus
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 2221 Heist-op-den-Berg (Booischot), Raamstraat 8 B” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1” (deed in Dutch)“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en treedt namens haar op in en buiten rechte., Als er slechts één…” (deed in Dutch)“Het mandaat van de bestuurder(s) is niet bezoldigd, tenzij de algemene vergadering er anders over beslist., Indien het mandaat van een…” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestuursorgaan, algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 21:00