Turnover
≈ €160,000 estimated
The micro format states no turnover.
CODE SPHERE
Overview
Lifetime
1 annual account with figurespeak €86,273 (2025)
€86,273
peak €62,503 (2025)
€62,503
peak €65,003 (2025)
€65,003
€28,238
Board1 name since 2024
1 directorDIWATE,Tejaswini Mahendrakumar
Documentsfilings and deeds
26-06-202635 days before the deadline
2025micro format
First year with figures
Key points
from the 2025 annual accountsStarting capital
€2,500 100 shares
Checked score
97
Excellent
Financially stronger than 72% 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).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 0.4%
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026highest value
07-2026: < 0.1%▼ -0.5 percentage points vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Liquidity: current ratio 3.30, cash €83,132
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €65,003 (69.7% of total assets)
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 63% of them on solvency, 73% on liquidity and 82% on profitability.
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, 39,278 companies had the same profile as CODE SPHERE has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODE SPHERE itself is lower: < 0.1% within 12 months. It rests on far more data about CODE SPHERE than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 39,278 companies, not a prediction for CODE SPHERE. 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 €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 3.3, above the usual 1.5. Short-term debt is 30.3% and cash 89.2% of total assets. 30.3% 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
Five signals.
lowers riskraises riskneutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
35 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- DIWATE,Tejaswini Mahendrakumar 99 sharesdeed of 24-10-2024
- CHAUHAN,Anup 1 sharedeed of 24-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1015429553
First establishment
Kasteelstraat 35, Hoeilaart
Incorporation
Founding capital of €2,500, 100 shares · Founders: DIWATE, Tejaswini Mahendrakumar; CHAUHAN, Anup · Appointment: DIWATE, Tejaswini Mahendrakumar (director) · published on 24-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODE SPHERE Hoeilaart | €93,241 | €86,273 | 69.7% | - |
| Ctrl-C Affligem | €91,538 | €86,165 | 76.2% | - |
| LiPi Solutions Sint-Pieters-Leeuw | €89,254 | €89,952 | 84.3% | - |
| BRIGHTBIRDS Herent | €88,291 | €79,587 | 75.3% | - |
| DEHERTOGH CONSULTING Sint-Genesius-Rode | €93,759 | €87,318 | 74.0% | - |
| DYNAXYS Londerzeel | €92,481 | €78,659 | 70.8% | - |
| InfiniIT Aarschot | €92,859 | €77,576 | 67.0% | - |
These companies have the same main activity as CODE SPHERE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €88,300 and €93,800, founded in 2024.
Official details
Source: KBO- Status
- Active since 22-10-2024Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 4 others
- Establishment unit
- 2.365.805.7491560 Hoeilaart, since 01-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Annual accounts 2025
- €86,273
- €62,503
- €65,003
- €93,241
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on CODE SPHERE
CODE SPHERE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,003 and a net result of €62,503.
Its solvency ranks better than 61% of 21,208 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-06-2026, 35 days before the deadline€86,273
€86,273
€62,503
€65,003
69.7%
3.30
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 ≈ €160,000. Estimated: probably between €150,000 and €220,000.
Balance sheet
balance sheet total €93,241 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
69.7%
Higher than 61% of 21,208 companies in 2025.
3.30
Higher than 61% of 20,571 companies in 2025.
67.0%
Higher than 94% of 20,746 companies in 2025.
CODE SPHERE
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · 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 | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
93,241 | |
29/58 |
93,241 | |
40/41 |
10,109 | |
40 |
9,775 | |
41 |
334 | |
54/58 |
83,132 | |
| Balance sheet: equity and liabilities | ||
10/49 |
93,241 | |
10/15 |
65,003 | |
10/11 |
2,500 | |
13 |
62,503 | |
133 |
62,503 | |
17/49 |
28,238 | |
42/48 |
28,238 | |
44 |
4,504 | |
440/4 |
4,504 | |
45 |
23,734 | |
450/3 |
23,720 | |
454/9 |
14 | |
| Income statement | ||
9900 |
86,273 | |
9901 |
86,273 | |
75/76B |
22 | |
75 |
22 | |
65/66B |
72 | |
65 |
72 | |
9903 |
86,223 | |
67/77 |
23,720 | |
9904 |
62,503 | |
9905 |
62,503 | |
| Appropriation of the result | ||
9906 |
62,503 | |
691/2 |
62,503 | |
6921 |
62,503 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-06-2026.
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 | 26-06-2026 | 2026-00203626 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 65,003 | ||
| 69.7% | ||
| 3.30 | ||
| 0.43 | ||
| 96.2% | ||
| 67.0% |
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.
Insights on CODE SPHERE
Debt's share of the balance-sheet total is 30.3%.
Board & ownership
Board
1 director, since incorporationDirector
since 24-10-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 26-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 24-10-2024
Mandates through the years
1 name, the dashed line is todayDIWATE,Tejaswini Mahendrakumar
Director
Director
Board
Mandates as a list
- DIWATE,Tejaswini Mahendrakumar
- Director, from 24-10-2024 to date
Control
Founders
DIWATE,Tejaswini Mahendrakumar, CHAUHAN,Anup
This company
CODE SPHERE
Equity €65,003
Profit €62,503 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €650 in 2025
- Source
- deed of 24-10-2024
Articles of association
deed of 24-10-2024 (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.
- At least 1 director
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 24-10-2024 ↗
- DIWATE,Tejaswini Mahendrakumar 99 shares
- CHAUHAN,Anup 1 share
Network & group
No group
CODE SPHERE has no parent and no holdings in its annual accounts. DIWATE,Tejaswini Mahendrakumar is the only director. CODE SPHERE shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 35 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1015429553
2024
First establishment Kasteelstraat 35, Hoeilaart
IncorporationFounding capital of €2,500, 100 shares · Founders: DIWATE, Tejaswini Mahendrakumar; CHAUHAN, Anup · Appointment: DIWATE, Tejaswini Mahendrakumar (director) · published on 24-10-20248 points ▸
- Founder, DIWATE, Tejaswini Mahendrakumar
- Founder, CHAUHAN, Anup
- Founding capital, €2,500, 100 shares
- DIWATE, Tejaswini Mahendrakumar holds 99 shares
- CHAUHAN, Anup holds 1 share
- 100 shares
- Registered office clause, Kasteelstraat 35, 1560 Hoeilaart
- Director appointment, DIWATE, Tejaswini Mahendrakumar
- The deed holds 8 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1015.429.553
- VAT number
- BE 1015.429.553
- Peppol ID
- 0208:1015429553
- Other Peppol ID
- 9925:BE1015429553
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-10-2024
- Financial year
- ends on 31 December
- Peppol
- Reachable since 10-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODE SPHERE in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 24-10-2024 (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.
- “België in het Vlaams Gewest”deed of 24-10-2024 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
58290
Publishing activities
62010
Computer programming, consultancy and related activities
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle…”deed of 24-10-2024 (in Dutch)
7 activities
- A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten;
- B) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- C) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van haar voorwerp.
- IT Consultancy;
- Ontwikkeling ,onderhoud,verkoop,verhuur Software;
- Aan- verkoop,verhuur IT uitrusting en toebehoren;
- Algemene consultancy.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kasteelstraat 35 registered office 1560 Hoeilaart | 01-11-2024 | 2.365.805.749 |
Buildings and parcels at the address
- Ground area
- 585 m²
- Buildings
- 118 m²
- Volume, LiDAR
- 687 m³
- Tallest building
- 8.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23033B0861/00Z000 | 584 m² | 1 · 118 m² | 8.7 m · 2 |