CODE WAVE
ActiveSummary
CODE WAVE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69,661 and a net result of €67,661. Its solvency ranks better than 67% of 21,007 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €69,661
- Profit
- €67,661
Why 97raises riskFounded in 2024lowers riskLiquidity: current ratio 3.57, cash €70,030Sector: Computer programming, consultancy and related activities (NACE 62)Equity €69,661 (74.2% of total assets)Show the evidence
Checked score
Fewer than 1 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 68% on solvency, 77% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 19-10-2026 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: BAÃZIZI Hamza (director) ·…
Financials · financial year 2025, micro format
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 74.5% 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 39,278 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 |
|---|---|
| Turnover70 | €233,888 |
| Goods, raw materials, services and sundry goods60/61 | €145,786 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,677 |
| Other operating charges640/8 | €2,753 |
| Gross operating margin9900 | €91,093 |
| Operating profit (loss)9901 | €85,664 |
| Financial income75/76B | €9 |
| Recurring financial income75 | €9 |
| Financial charges65/66B | €11 |
| Recurring financial charges65 | €11 |
| Profit (loss) for the period before taxes9903 | €85,661 |
| Income taxes67/77 | €18,000 |
| Profit (loss) for the period9904 | €67,661 |
| Profit (loss) for the period to be appropriated9905 | €67,661 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €93,894 | |
| Fixed assets21/28 | €7,292 | |
| Tangible fixed assets22/27 | €7,292 | |
| Land and buildings22 | €4,565 | |
| Plant, machinery and equipment23 | €805 | |
| Furniture and vehicles24 | €1,922 | |
| Current assets29/58 | €86,602 | |
| Amounts receivable within one year40/41 | €14,611 | |
| Trade receivables40 | €14,611 | |
| Cash at bank and in hand54/58 | €70,030 | |
| Deferred charges and accrued income490/1 | €1,961 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €93,894 | |
| Equity10/15 | €69,661 | |
| Contributions10/11 | €2,000 | |
| Profit (loss) carried forward14 | €67,661 | |
| Amounts payable17/49 | €24,232 | |
| Amounts payable within one year42/48 | €24,232 | |
| Trade debts44 | €867 | |
| Suppliers440/4 | €867 | |
| Taxes, remuneration and social security45 | €23,241 | |
| Taxes450/3 | €22,841 | |
| Remuneration and social security454/9 | €400 | |
| Other amounts payable47/48 | €124 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €67,661 |
| + Depreciation and write-downs630 | €2,677 |
| Operating cash flow (approximation) | €70,338 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 24-03-2026 | 2026-00060228 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
23-02
Gazette deed
IncorporationAppointment: BAÃZIZI Hamza (director) · Founder · Founding capital9 facts ▸
- Incorporation, 15-02-2024
- Founder, BAÃZIZI Hamza
- Founding capital, “euros 2.000” (deed in French)
- Bank account, “BE62 7320 7411 8761”, 09-02-2024 (deed in French)
- Registered office clause, “Avenue de la basilique 377 bte 3” (deed in French)
- Board rule, 1
- Director appointment, BAÃZIZI Hamza (director (not named in the articles))
- Declaration, “absence d'interdiction de gérer, pas objet procédure faillite avec interdiction gérer pénale ou civile” (deed in French)
- Pre-incorporation commitments, CODE WAVE
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
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 |
|---|---|---|---|---|
| 21011A0026/00C002 | Brussels | 500 m² | 1 · 225 m² | 31.6 m · 10 |
How the parcels are linked
Articles of association
What the company does
- 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 WAVE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “1081 Koekelberg, région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre,durée,pouvoirs en cas de pluralité, assemblée” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 May at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, quelque cause et moment” (deed in French)