Losses
-€2,804 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Code Till Dawn
Overview
Lifetime
3 annual accounts with figures on one time axispeak €19,428 (2023)
€10,219▼ 14.7%
lowest -€1,847 (2025)
-€1,847▼ €890
peak €9,860 (2023)
€7,056▼ 20.7%
€26,429▼ 5.3%
Board1 name since 2023
1 directorVAN dER VORST Collin
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Gross margin from €11,986 to €10,219Loss of €1,847Equity from €8,903 to €7,056Cash from €6,873 to €174
Key points
from the 2025 annual accountsDebts
€26,429 79% of the balance sheet
Financial debts 33%Taxes and wages 10%Other 57%
Of this, €17,735 falls due within a year.
Position in the sector
€7,056
Less equity than 85% of companies in computer programming and consultancy. Sector median €69,072 · 21,214 companies.
Checked score
81
Excellent
Financially stronger than 20% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
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%● unchanged 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%● unchanged 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 01-2026
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: 0.4%▲ +0.3 percentage points vs 06-2026highest value
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.3%▼ -0.1 percentage points vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.86, cash €174, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €33,484
Figures for financial year 2025 (filed on 23-06-2026)
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 23% of them on solvency, 9% on liquidity, 23% on profitability and 24% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 1,271 companies had the same profile as Code Till Dawn has now. Each dot stands for 4 companies, two years later.
93.4%
were still trading
2.0%
stopped another way
4.1%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Code Till Dawn itself is lower: 0.3% within 12 months. It rests on far more data about Code Till Dawn 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 1,271 companies, not a prediction for Code Till Dawn. 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 €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.86 (0.77 in 2024), below 1. Short-term debt is 53% and cash 0.5% of total assets. 78.9% 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
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 21208 sector peers (2025).
NBB · sector comparisonPosition among 21208 sector peers
Solvency
better than 21%
← 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 23-06-2026, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
38 days early
2024
40 days early
2023
41 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 40 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 21 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0797085028
Incorporation
Founding capital of €3,000, 1,000 shares · Founder: VAN dER VORST Collin · Appointment: VAN dER VORST Collin (director) · published on 16-01-2023 · Gazette deed
First establishment
Steenweg van Aalst 89, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Code Till Dawn Dendermonde | €33,484 | €10,219 | 21.1% | - |
| Decode Aartselaar | €34,245 | €10,396 | 29.1% | - |
| TECHBIRDS Aalter | €29,489 | €10,166 | 76.4% | - |
| RENTWEB Ninove | €32,944 | €13,621 | 65.3% | - |
| Cyber Policy House Ghent | €31,040 | €8,144 | 35.4% | - |
| EMPIRIA Sint-Niklaas | €35,524 | €13,857 | 70.3% | - |
| DMZ Agro-Consulting Aalst | €31,358 | €7,735 | 70.3% | - |
These companies have the same main activity as Code Till Dawn: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €29,500 and €35,500, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 12-01-2023Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 5 others
- Establishment unit
- 2.340.737.8809200 Dendermonde, since 12-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 02-09-2023
Annual accounts 2025
- €10,219▼ 14.7%
- ≈ €54,000estimated
- €1,847▲ 93.0%
- €7,056▼ 20.7%
- €33,484▼ 9.1%
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on Code Till Dawn
Code Till Dawn files the micro format. That format states no turnover. The gross margin fell from €19,428 in 2023 to €10,219 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadline€10,219
▼ 14.7%
€424
▼ 75.8%
-€1,847
▼ €890
-€2,546
▲ €211
21.1%
▼ 3.1 percentage points
0.86
▲ 0.08
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 ≈ €54,000. Estimated: probably between €26,000 and €110,000.
Balance sheet
balance sheet total €33,484 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
21.1%
Higher than 21% of 21,208 companies in 2025.
0.86
Higher than 12% of 20,571 companies in 2025.
-5.5%
Higher than 13% of 20,746 companies in 2025.
Code Till Dawn
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
33,484 | 36,823 | 44,268 | |
21/28 |
18,296 | 27,332 | 32,351 | |
22/27 |
18,296 | 27,332 | 32,351 | |
23 |
- | 263 | 526 | |
24 |
1,952 | 3,406 | 842 | |
25 |
16,344 | 23,664 | 30,983 | |
29/58 |
15,188 | 9,491 | 11,917 | |
40/41 |
14,640 | 2,618 | - | |
40 |
14,640 | 2,618 | - | |
54/58 |
174 | 6,873 | 11,747 | |
490/1 |
375 | - | 170 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
33,484 | 36,823 | 44,268 | |
10/15 |
7,056 | 8,903 | 9,860 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
4,056 | 5,903 | 6,860 | |
17/49 |
26,429 | 27,920 | 34,408 | |
17 |
8,694 | 15,672 | 22,239 | |
170/4 |
8,694 | 15,672 | 22,239 | |
42/48 |
17,735 | 12,248 | 12,169 | |
42 |
6,138 | 6,567 | 6,181 | |
44 |
- | - | 609 | |
440/4 |
- | - | 609 | |
45 |
2,715 | 1,457 | 4,447 | |
450/3 |
2,715 | 1,457 | 4,447 | |
47/48 |
8,882 | 4,224 | 931 | |
| Income statement | ||||
9900 |
10,219 | 11,986 | 19,428 | |
630 |
9,036 | 8,658 | 6,255 | |
640/8 |
759 | 1,578 | 768 | |
9901 |
424 | 1,749 | 12,405 | |
75/76B |
0 | - | 13 | |
75 |
0 | - | 13 | |
65/66B |
1,828 | 1,994 | 1,933 | |
65 |
1,828 | 1,994 | 1,933 | |
9903 |
-1,404 | -244 | 10,485 | |
67/77 |
444 | 713 | 2,825 | |
9904 |
-1,847 | -957 | 7,660 | |
9905 |
-1,847 | -957 | 7,660 | |
| Appropriation of the result | ||||
9906 |
4,056 | 5,903 | 7,660 | |
14P |
5,903 | 6,860 | - | |
694/7 |
- | - | 800 | |
694 |
- | - | 800 | |
| Document | ||||
The notes to these accounts have 5 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 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 9,460 | 10,408 | 18,660 | ||
| 7,189 | 7,701 | 13,915 | ||
| 0 | 3,640 | 38,607 | ||
| -6,699 | -4,874 | - | ||
| -2,546 | -2,758 | -252 | ||
| 21.1% | 24.2% | 22.3% | ||
| 0.86 | 0.77 | 0.98 | ||
| 3.75 | 3.14 | 3.49 | ||
| -26.2% | -10.7% | 77.7% | ||
| -5.5% | -2.6% | 17.3% | ||
| 5.18 | 5.22 | 9.66 |
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| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €3,640 | €38,607 |
| €9,036 | €8,658 | €6,255 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Code Till Dawn
The operating result for 2025 is 76% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 75.8% to 78.9%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 12-01-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
Mandates through the years
1 name, the dashed line is todayVAN dER VORST Collin
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- VAN dER VORST Collin
- Director (not named in the articles), from 12-01-2023 to date
Control
Capital
- Contribution
- €3,000
- Shares
- 1,000
- Contribution per share
- €3
- Equity per share
- €7.06 in 2025
- Source
- deed of 16-01-2023
Articles of association
deed of 16-01-2023 (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.
- “Bij collegiaal orgaan en openvallende plaats voor einde mandaat door overblijvende bestuurders, eerstvolgende algemene vergadering moet…”
- 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 16-01-2023 ↗
- VAN dER VORST Collin 1,000 shares (100%) · €3,000
Network & group
No group
Code Till Dawn has no parent and no holdings in its annual accounts. VAN dER VORST Collin is the only director. Code Till Dawn shares no director with another company.
Timeline
Timeline
7 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 38 days before the deadline
2025
Weakest financial year net -€1,847 The net result drops to -€1,847, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFmicro format · 40 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 41 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0797085028
IncorporationFounding capital of €3,000, 1,000 shares · Founder: VAN dER VORST Collin · Appointment: VAN dER VORST Collin (director) · published on 16-01-20234 points ▸
- Registered office clause, Steenweg van Aalst 89, 9200 Dendermonde (Appels)
- Director appointment, VAN dER VORST Collin (director (not named in the articles))
- Founder, VAN dER VORST Collin
- Founding capital, €3,000, 1,000 shares
- The deed holds 9 more points.
First establishment Steenweg van Aalst 89, Dendermonde
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
On 12 January 2023, Code Till Dawn was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 VAN dER VORST Collin has served as director since 2023.3 Total assets went from €44,268 in 2023 to €33,484 in 2025.4
Company details
Identity
- Enterprise number
- 0797.085.028
- VAT number
- BE 0797.085.028
- Peppol ID
- 0208:0797085028
- Other Peppol ID
- 9925:BE0797085028
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-01-2023
- Financial year
- ends on 31 December
- Peppol
- Reachable since 02-09-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Code Till Dawn in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 16-01-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Code Till Dawndeed of 16-01-2023 (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.
- “Vlaams Gewest”deed of 16-01-2023 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
63910
Web portal activities
85592
Vocational training
85599
Other education
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
63120
Computing infrastructure, data processing, hosting and other information service activities
82990
Other business support services
85592
Vocational training
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Ontwerpen en programmeren van computerprogramma’s, computer consultancyactiviteiten en aanverwante activiteiten; IT projectmanagement in de…”deed of 16-01-2023 (in Dutch)
24 activities
- Ontwerpen en programmeren van computerprogramma’s, computer consultancyactiviteiten en aanverwante activiteiten.
- IT projectmanagement in de meest ruime zin.
- Vervaardiging van automatische gegevensverwerkende machines, inclusief microcomputers en tekstverwerkers, centrale verwerkingseenheden, interfaces, consoles enzovoort.
- Onderhouds- en herstellingswerken van mechanische aard voor rekening van derden.
- Reparatie van elektronische en optische apparatuur.
- Beheer van webshops.
- Verlenen van advies aan de gebruikers over soorten computers (hardware) en hun configuratie en de toepassing van bijhorende programmatuur (software).
- Samenstelling van databanken door samenbrengen en al dan niet interpreteren van bestaande gegevens uit verschillende bronnen; uurroosters, catalogi, wetenschappelijke gegevens, enz.
- Onderhoud van netwerken.
- Verhuur en exploitatie van eigen of geleasede goederen, zowel roerend als onroerend.
- Consultancy-activiteiten aan bedrijven in de meest ruime zin
- Detailhandel in IT-materiaal in de meest ruime zin
- Het voeren van interim-management bij bedrijven
- Prepress- en mediadiensten
- Gegevensverwerking, webhosting en aanverwante activiteiten
- Overige adviesbureaus op het gebied van bedrijfsbeheer, adviesbureaus op het gebied van bedrijfsvoering
- Reclamebureaus
- Fotografie, grafische vormgeving en alle bijhorende activiteiten
- Het geven van advies, opleidingen, trainingen en coaching aan bedrijven en/of consumenten aangaande, hierna opgesomd, maar niet beperkt tot: algemeen management advies, financieel advies, strategisch advies, marketing, digital marketing en verkoopadvies, operationeel advies, technisch advies, boekhoudkundig advies, fiscaal advies, haalbaarheidsstudies, sociaal en personeelsadvies, investeringsadvies, belastingadvies, en andere..
- Alle mogelijke operaties van onroerende aard, met inbegrip van huur, leasing, erfpacht, opstal, verkoop, inbreng, projectontwikkeling, grote infrastructuurwerken, enzovoort, alsmede alle handel in verband met deze activiteiten.
- Zij mag door inbreng, fusie, inschrijving of om het even welke andere wijze deelnemen aan alle ondernemingen; De samenstelling en het beheer van een roerend en onroerend vermogen, de huurfinanciering, de aankoop, de verkoop, het ruilen, het bouwen, het verbouwen, het verbeteren, het uitrusten, het aanpassen, het verfaaien, het onderhouden, het huren, het verhuren, het verkavelen, het prospecteren en het uitbaten van roerend en onroerende goederen. De vennootschap mag in België en in het buitenland alle commerciële, industriële en financiële verrichtingen doen die in verband staan met haar voorwerp.
- Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving, of anderszins, in alle ondernemingen, verenigingen, vennootschappen die een gelijkaardig, analoog of aanverwant voorwerp nastreven of wier voorwerp van aard is dat van de vennootschap te bevorderen.
- Zij mag zich voor deze ondernemingen, verenigingen, of vennootschappen borg stellen of aval verlenen, voorschotten en krediet toestaan of andere waarborgen verstrekken.
- De vennootschap mag alle mandaten en functies in andere vennootschappen waarnemen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Steenweg van Aalst 89 registered office 9200 Dendermonde | 12-01-2023 | 2.340.737.880 |
Buildings and parcels at the address
- Ground area
- 284 m²
- Buildings
- 57 m²
- Volume, LiDAR
- 266 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42001B0396/02E000 | 284 m² | 1 · 57 m² | 7.8 m · 2 |
Contact
E-mail
collinvdv@gmail.com