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CODE WAVE

Active
Private limited company·Ontwerpen van computerprogramma’s· 2 yrs active
Basilieklaan 377 ·1081 Koekelberg, Belgium
KBO/BCE: BE 1006.243.653
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Belgian State Gazette acts: 0 of 1 read
Age2 yrs
Real estate1 parcel · 500 m²

Summary

Conclusion

the dossier summarised in one paragraph

CODE WAVE has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70k and a net result of €68k. Its solvency ranks better than 64% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 1 annual account.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-03-2026, 129 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 24-03-2026 129 d early 2026-00060228

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.8% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€234k
EBIT margin36.6%
Net result€68k
Working capital€62k

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 24-03-2026 with the NBB · fiscal year 2025 · micro schema
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 74.2% 62.1%
better than 64% of 2768 sector peers
Net result €68k €39k
better than 77% of 2770 sector peers
Equity €70k €62k
better than 54% of 2769 sector peers
Gross operating margin €91k €62k
better than 72% of 2770 sector peers
Total assets €94k €121k
better than 36% of 2770 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2025
Depositmicro schema
Revenue€234k
EBITDA€88k
Net profit€68k
Cash flow€70k
Staff costs-
Income taxes€18k
Dividends-
Total assets€94k
Equity€70k
Debt€24k
of which ≤ 1y€24k
of which > 1y-
Working capital€62k
Employees (FTE)-
Ratios (computed)
2025
Current ratio3.57
Quick ratio3.57
Working capital ratio66.4%
Solvency74.2%
Debt / equity0.35
Long-term debt ratio-
Interest coverage7728.82
Gross margin37.7%
Net margin28.9%
ROA72.1%
ROE97.1%
EBITDA margin37.8%
Days sales outstanding23d
Days payable outstanding2d
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€94k
Fixed assets 21/28€7k
Tangible fixed assets 22/27€7k
Current assets 29/58€87k
Amounts receivable within one year 40/41€15k
Cash & bank 54/58€70k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€94k
Equity 10/15€70k
Contributions / capital 10/11€2k
Accumulated profits (losses) 14€68k
Amounts payable 17/49€24k
Amounts payable within one year 42/48€24k
Trade debts payable within one year 44€867
Income statement
Turnover 70€234k
Gross operating margin 9900€91k
Operating result 9901€86k
Financial income 75€9
Financial charges 65€11
Result before taxes 9903€86k
Income taxes 67/77€18k
Net result for the period 9904€68k
Result to be appropriated 9905€68k
Ratios computed by Checked.

Health barometer

FY 2025 · computed
100 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
38 companies at this address See who is registered here

Establishment units

1 location
Basilieklaan 377, 1081 Koekelberg
Ontwerpen en programmeren van computerprogramma's
since 20242.356.172.758
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area500 m²
Buildings1
Building footprint225 m²
Volume (LiDAR)6,621 m³
Tallest building31.6 m · ±10 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21011A0026/00C002 Brussels 500 m² 1 · 225 m² 31.6 m · 10 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

4 of 5 axes measured
Health100Profitability100Solvency100Growth-Stability67
92 / 100

Strong profile, led by health.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 100
Profitability 100
Solvency 100
Growth -
Stability 67

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,810 of the 16,853 companies in this sector. 2,307 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Computerconsultancy-activiteiten62020Beheer van computerfaciliteiten62030Overige diensten op het gebied van informatietechnologie en computer62900Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200
Primary activity highlighted.
Names & trade names
Legal nameFR CODE WAVE
Registered office
Basilieklaan 377 bus 3
1081 Koekelberg, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.