Equity
€44,520 from €81,266 in 2019
Equity fell by 45% in 6 years.
Code Zebra
Lifetime
12 annual accounts with figures on one time axispeak €66,589 (2018)
-€8,023▼ €25,871
lowest -€52,268 (2020)
-€16,592▼ €21,683
peak €81,266 (2019)
€44,520▼ 27.2%
€19,480▼ 10.4%
Board2 names since 2013
2 directorsBLETEK Halina and 1 other
Documentsfilings and deeds
08-05-202684 days before the deadline
2025micro format
Gross margin from €17,848 to -€8,023Loss of €16,592Equity from €61,112 to €44,520
Key points
from the 2025 annual accountsFilings
12 annual accounts since 2014
Four of the last ten came late. The 2019 accounts came latest: 68 days after the end of the period.
Position in the sector
-€16,592
Lower net result than 91% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.
Turnover not published (micro format)
Checked score
93
Excellent
Financially stronger than 42% of micro companies in head offices and management consultancy (NACE 70)
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 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
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 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026highest value
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €16,592 (financial year 2025)
lowers risk
Liquidity: current ratio 3.11, cash €27,567
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €64,000
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 70, micro). It does better than 65% of them on solvency, 81% on liquidity, 4% on profitability and 19% 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, 4,805 companies had the same profile as Code Zebra has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Code Zebra itself is lower: < 0.1% within 12 months. It rests on far more data about Code Zebra 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 4,805 companies, not a prediction for Code Zebra. 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 €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.11 (3.23 in 2024), above the usual 1.5. Short-term debt is 28.3% and cash 43.1% of total assets. 30.4% of the assets are financed with debt and provisions.
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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 08-05-2026, 84 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
84 days early
2024
69 days early
2023
34 days early
2022
30 days late
2021
32 days late
2020
31 days late
2019
68 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 4 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 28 June (4 of the last 5 accounts filed within 63 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 0208:0535640928
Company renamed from Olivia & Julius to Code Zebra
Resignations: WILS Ignace Herman Ingrid Maria (manager) and BLETEK Halina (manager) · Reappointments: WILS Ignace Herman Ingrid Maria (director) and BLETEK Halina (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 09-02-2023 · Gazette deed
Incorporation
published on 14-06-2013 · Gazette deed
First establishment
Noordlaan 46, Dendermonde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Code Zebra Dendermonde | €64,000 | -€8,023 | 69.6% | - |
| AELTO Merelbeke-Melle | €63,021 | -€16,140 | -260.1% | - |
| Lublio4energy Kaprijke | €64,374 | -€725 | 97.2% | - |
| North Sea Dream Aalter | €60,557 | -€4,047 | 97.4% | - |
| Bildpunkt Ghent | €60,948 | -€12,417 | 33.6% | - |
| BE.ST.IT Ninove | €64,673 | -€31,729 | 42.1% | - |
| BELGIAN TRADE SOCIETY Haaltert | €68,417 | -€50,039 | 66.0% | - |
These companies have the same main activity as Code Zebra: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €60,600 and €68,400, founded between 2011 and 2014.
Official details
Source: KBO- Status
- Active since 12-06-2013Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.221.988.9959200 Dendermonde, since 12-06-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 23-10-2025
Annual accounts 2025
- €64,000▼ 22.8%
- Filing
- Filed on 08-05-2026, 84 days before the end of the filing period
Insights on Code Zebra
Code Zebra files the micro format. That format states no turnover. The gross margin fell from -€4,298 in 2014 to -€8,023 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Code Zebra
- What is the company number of Code Zebra?
- The company number of Code Zebra is 0535.640.928. The VAT number is the same number with BE in front: BE 0535.640.928.
- Where is Code Zebra based?
- The registered office is at Noordlaan 46, 9200 Dendermonde.Company details
- What does Code Zebra do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Code Zebra?
- Code Zebra is a private limited company (BV).
- When was Code Zebra founded?
- Code Zebra was founded on 12-06-2013.
- Is Code Zebra still active?
- Yes, Code Zebra is an active enterprise in the KBO register.
- What is the turnover of Code Zebra?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Code Zebra profitable?
- In financial year 2025, Code Zebra made a loss of €16,592.
- Where can I find the annual accounts of Code Zebra?
- Code Zebra filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Code Zebra due?
- Code Zebra must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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