CODE-ON
ActiveCODE-ON has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €346k and a net result of €14k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 73% of 1898 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.94 against 4.22 in 2024; short-term debt: 13.8% and cash: 8.1% of total assets), and 23% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77%
Return on assets
3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
28 d early
2022
35 d early
2021
3 d late
2020
38 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€346k▼ 5.8%
2024 · €367k
2018: €268k
2019: €369k
2020: €358k
2021: €376k
2022: €366k
2023: €392k
2024: €367k
2018 → 2025
Total assets
€449k▼ 5.5%
2024 · €475k
2018: €472k
2019: €565k
2020: €521k
2021: €539k
2022: €540k
2023: €509k
2024: €475k
2018 → 2025
Net result
€14k▼ 45.1%
2024 · €25k
2018: €66k
2019: €101k
2020: €-11k
2021: €18k
2022: €28k
2023: €61k
2024: €25k
2018 → 2025
Working capital
€183k▼ 7.5%
2024 · €198k
2018: €212k
2019: €309k
2020: €308k
2021: €306k
2022: €288k
2023: €258k
2024: €198k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€376k-€366k▼ 2.7%€392k▲ 7.2%€367k▼ 6.4%€346k▼ 5.8%
Operating result€26k-€41k▲ 58.9%€88k▲ 112%€35k▼ 60.2%€19k▼ 44.8%
Net result€18k-€28k▲ 54.7%€61k▲ 119%€25k▼ 59.4%€14k▼ 45.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449k
Fixed assets
€204k▼ 5.5%
Current assets
€245k▼ 5.5%
Equity and liabilities €449k
Equity
€346k▼ 5.8%
Debt
€103k▼ 4.3%
The debt ratio rises from 22.7% to 23.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €48k
Cash flow
€31k▼
2024 · €38k
Solvency
77.0%▼
2024 · 77.3%
Current ratio
3.94▼
2024 · 4.22
Quick ratio
3.94▼
2024 · 4.22
Debt / equity
0.30▲
2024 · 0.29
ROE
4.0%▼
2024 · 6.8%
ROA
3.0%▼
2024 · 5.2%
Interest coverage
16.20▼
2024 · 18.02
Debt
€103k▼
2024 · €108k
Debt ≤ 1 year
€62k▲
2024 · €61k
Debt > 1 year
€41k▼
2024 · €47k
Income taxes
€6k▼
2024 · €10k
Staff costs
€72k▲
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€475k€449k▼
Formation expenses20€0€0=
Fixed assets21/28€216k€204k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€216k€204k▼
Land and buildings22€175k€170k▼
Plant, machinery and equipment23€808€935▲
Furniture and vehicles24€40k€33k▼
Financial fixed assets28€120€120=
Current assets29/58€259k€245k▼
Amounts receivable within one year40/41€57k€57k▲
Trade receivables40€51k€47k▼
Other amounts receivable41€6k€10k▲
Current investments50/53€151k€149k▼
Cash at bank and in hand54/58€48k€36k▼
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€475k€449k▼
Equity10/15€367k€346k▼
Contributions10/11€19k€19k=
Reserves13€349k€327k▼
Distributable reserves133€349k€327k▼
Amounts payable17/49€108k€103k▼
Amounts payable after more than one year17€47k€41k▼
Financial debts170/4€47k€41k▼
Amounts payable within one year42/48€61k€62k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€39k€32k▼
Suppliers440/4€39k€32k▼
Taxes, remuneration and social security45€16k€24k▲
Taxes450/3€9k€4k▼
Remuneration and social security454/9€8k€19k▲
Other amounts payable47/48€898€810▼
Income statement
Code20242025
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€38k€72k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€88k€110k▲
Operating profit (loss)9901€35k€19k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€35k€19k▼
Income taxes67/77€10k€6k▼
Profit (loss) for the period9904€25k€14k▼
Profit (loss) for the period to be appropriated9905€25k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€14k▼
Transfer from equity791/2€50k€35k▼
Transfer to equity691/2€25k€14k▼
To other reserves6921€25k€14k▼
Profit to be distributed694/7€50k€35k▼
Return on contributions (dividend)694€50k€35k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-11k ▼111%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 23.80
Current ratio from 7.05 to 23.80; short-term debt falls from €51k to €14k.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €101k ▲54.8%
Operating result €139k, net result €101k, both a record.
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint Jobstraat 1559300 AalstGround area
2,006 m²
Building footprint
831 m²
Volume, LiDAR
6,077 m³
Parcel 41002B0178/00X002, Flanders · tallest building 27.6 m. Linked by address, not a title deed.
1 establishment unit
CODE-ON
since 20102.195.141.969
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0178/00X002 | Flanders | 2,006 m² | 1 · 831 m² | 27.6 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,726 companies in sector 63100 we hold annual accounts for 1,272. 888 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2010
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.