Equity
CODE ZERO has made a profit without a break since 2023.
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).
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 32% of them on solvency, 50% on liquidity, 35% on profitability and 55% 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).
In July 2024, 14,766 companies had the same profile as CODE ZERO has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CODE ZERO itself: 0.1% within 12 months.
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 14,766 companies, not a prediction for CODE ZERO. 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.
Liquidity is tight, with a current ratio of 1.29 (1.26 in 2024), below the usual 1.5. Short-term debt is 8.6% and cash 7.1% of total assets. 68.1% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 14 days after 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.
| Company | ||||
|---|---|---|---|---|
| CODE ZERO Knokke-Heist | €453,492 | €47,788 | 31.9% | - |
| MIX MANAGEMENT De Panne | €431,830 | €52,935 | 94.8% | - |
| MARIEVER Nieuwpoort | €463,721 | €41,823 | 88.9% | - |
| DELAEY INFORMATIC TECHNOLOGY CONSULTANCY Zwevegem | €405,871 | €41,672 | 98.1% | - |
| MDK - TRADING Hooglede | €510,047 | €44,804 | 60.5% | - |
| PHIFICO Knokke-Heist | €534,280 | €45,168 | 55.0% | - |
| BALMA CONSULTING Kortrijk | €537,302 | €42,446 | 21.6% | - |
These companies have the same main activity as CODE ZERO: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €406,000 and €537,000, founded between 2000 and 2003.
CODE ZERO files the abbreviated format. That format states no turnover. The gross margin rose from €26,588 in 2006 to €47,788 in 2025.
The balance sheet grew most from 2017 to 2018 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €120,000. Estimated: probably between €77,000 and €180,000.
Amounts without an identifiable currency are taken as euros.
Higher than 32% of 10,858 companies in 2025.
Higher than 45% of 10,480 companies in 2025.
Higher than 38% of 10,727 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
453,492 | 486,455 | 452,197 | 469,724 | 532,068 | 522,967 | 579,681 | 619,933 | 574,371 | 185,243 | 200,863 | 168,653 | 175,468 | 178,103 | 198,421 | 170,042 | 183,190 | 169,877 | 170,099 | 178,405 | |
21/28 |
403,147 | 417,776 | 424,976 | 445,647 | 471,116 | 457,227 | 475,932 | 591,126 | 562,613 | 127,801 | 125,690 | 142,809 | 154,473 | 163,568 | 169,781 | 148,998 | 138,485 | 141,791 | 164,848 | - | |
22/27 |
402,792 | 417,421 | 424,621 | 445,397 | 471,116 | 457,227 | 475,932 | 591,126 | 562,613 | 127,801 | 125,690 | 142,809 | 154,473 | 163,568 | 169,781 | 148,998 | 138,485 | 141,791 | 164,848 | 164,959 | |
22 |
379,382 | 391,561 | 405,109 | 401,608 | 412,757 | 423,999 | 441,522 | 554,238 | 549,913 | 115,872 | 113,137 | 117,095 | 121,053 | 125,011 | 128,968 | 133,208 | 137,176 | 141,143 | 145,110 | 143,714 | |
23 |
- | - | 879 | 2,730 | 4,716 | 5,841 | - | 3,447 | 7,684 | 3,138 | 2,111 | 552 | 1,654 | 1,789 | 691 | 666 | 227 | 648 | 1,949 | 2,913 | |
24 |
9,811 | 12,260 | 5,033 | 27,460 | 40,043 | 21,787 | 32,160 | 31,191 | 5,015 | 8,791 | 10,442 | 25,162 | 31,767 | 36,768 | 40,121 | 15,123 | 1,082 | - | 17,789 | 18,332 | |
26 |
13,600 | 13,600 | 13,600 | 13,600 | 13,600 | 5,600 | 2,250 | 2,250 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
355 | 355 | 355 | 250 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
50,344 | 68,679 | 27,220 | 24,077 | 60,952 | 65,740 | 103,749 | 28,807 | 11,758 | 57,442 | 75,174 | 25,845 | 20,995 | 14,535 | 28,640 | 21,045 | 44,706 | 28,086 | 5,251 | 13,446 | |
29 |
- | - | - | - | - | - | - | - | - | 23,225 | 23,225 | - | - | - | - | - | - | - | - | - | |
291 |
- | - | - | - | - | - | - | - | - | 23,225 | 23,225 | - | - | - | - | - | - | - | - | - | |
40/41 |
16,861 | 11,455 | 15,518 | 21,664 | 6,609 | 7,445 | 3,650 | 4,319 | 306 | 19,264 | 26,553 | 12,741 | 19,226 | 5,062 | 11,138 | 10,819 | 43,795 | 26,883 | 4,420 | 13,446 | |
40 |
9,823 | 11,434 | 15,518 | 21,595 | 6,292 | 7,142 | 3,267 | - | - | 19,000 | 25,800 | 10,433 | 19,180 | 4,468 | 11,138 | 10,803 | 43,250 | 26,643 | 3,553 | 13,446 | |
41 |
7,038 | 21 | - | 69 | 317 | 303 | 383 | 4,319 | 306 | 265 | 753 | 2,308 | 46 | 593 | - | 17 | 545 | 240 | 867 | - | |
54/58 |
32,149 | 54,632 | 6,905 | 2,412 | 42,372 | 45,324 | 86,563 | 19,682 | 6,180 | 14,952 | 24,724 | 12,439 | 1,108 | 9,474 | 15,645 | 10,225 | 911 | 1,203 | 831 | - | |
490/1 |
1,334 | 2,592 | 4,797 | - | 11,971 | 12,971 | 13,536 | 4,807 | 5,272 | - | 670 | 665 | 660 | - | 1,858 | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
453,492 | 486,455 | 452,197 | 469,724 | 532,068 | 522,967 | 579,681 | 619,933 | 574,371 | 185,243 | 200,863 | 168,653 | 175,468 | 178,103 | 198,421 | 170,042 | 183,190 | 169,877 | 170,099 | 178,405 | |
10/15 |
144,586 | 133,747 | 74,968 | 37,681 | 70,145 | 68,660 | 68,371 | 68,219 | 47,622 | 46,956 | 46,926 | 23,200 | 8,410 | 8,339 | 7,135 | 6,299 | 6,271 | 6,254 | 6,253 | 9,206 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | |
10 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
125,986 | 115,147 | 56,368 | 19,081 | 51,545 | 50,060 | 49,771 | 49,619 | 29,022 | 28,356 | 28,326 | 4,600 | 221 | 150 | 150 | 164 | 150 | 150 | 150 | 150 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 221 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14 | - | - | - | - | |
133 |
125,986 | 115,147 | 56,368 | 17,221 | 49,685 | 48,200 | 47,911 | 47,759 | 27,162 | 26,496 | 26,466 | 2,740 | - | - | - | - | - | - | - | - | |
14 |
- | - | - | - | - | - | - | - | - | - | - | - | -10,411 | -10,411 | -11,615 | -12,465 | -12,478 | -12,495 | -12,497 | -9,544 | |
17/49 |
308,905 | 352,708 | 377,228 | 432,043 | 461,923 | 454,307 | 511,310 | 551,714 | 526,749 | 138,287 | 153,938 | 145,454 | 167,058 | 169,764 | 191,287 | 163,744 | 176,919 | 163,623 | 163,846 | 169,199 | |
17 |
269,740 | 298,283 | 331,650 | 372,947 | 385,355 | 372,437 | 394,623 | 415,936 | 440,168 | 79,626 | 76,285 | 73,000 | 93,320 | 117,185 | 140,196 | 126,682 | 138,842 | 120,536 | 131,782 | 129,597 | |
170/4 |
269,740 | 298,283 | 331,650 | 372,947 | 385,355 | 372,437 | 394,623 | 415,936 | 440,168 | 79,626 | 76,285 | 73,000 | 93,320 | 117,185 | 140,196 | 126,682 | 138,842 | 120,536 | 131,782 | 129,597 | |
42/48 |
39,166 | 54,425 | 45,578 | 59,097 | 73,930 | 80,051 | 113,092 | 131,676 | 84,609 | 56,798 | 74,311 | 68,370 | 70,454 | 48,528 | 46,759 | 32,060 | 32,320 | 39,312 | 28,469 | 37,562 | |
42 |
27,375 | 26,902 | 26,437 | 25,981 | 25,532 | 25,091 | 24,657 | 24,231 | 23,813 | - | - | 20,320 | 23,865 | 23,011 | 22,188 | 12,160 | 11,694 | 11,246 | 10,815 | 10,401 | |
43 |
- | 7,057 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 228 | |
430/8 |
- | 7,057 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 228 | |
44 |
1,766 | 1,476 | 2,373 | 30,782 | 44,130 | 48,665 | 72,179 | 87,274 | 47,957 | 38,672 | 16,414 | 6,263 | 3,437 | 2,965 | 1,291 | - | 952 | 449 | 1,952 | 4,171 | |
440/4 |
1,766 | 1,476 | 2,373 | 30,782 | 44,130 | 48,665 | 72,179 | 87,274 | 47,957 | 38,672 | 16,414 | 6,263 | 3,437 | 2,965 | 1,291 | - | 952 | 449 | 1,952 | 4,171 | |
45 |
10,024 | 10,787 | 16,768 | 2,334 | 3,990 | 4,952 | 5,906 | 8,225 | 4,640 | 7,670 | 21,897 | 27,679 | 7,020 | 2,101 | 5,230 | 1,173 | 801 | 1,001 | 2,322 | 7,803 | |
450/3 |
7,774 | 10,787 | 12,915 | 2,334 | 3,990 | 4,952 | 1,289 | 1,433 | 4,640 | 7,670 | 3,697 | 1,679 | 4,145 | 2,101 | 5,230 | 1,173 | 801 | 1,001 | 2,322 | 2,508 | |
454/9 |
2,250 | - | 3,854 | - | - | - | 4,617 | 6,791 | - | - | 18,200 | 26,000 | 2,875 | - | - | - | - | - | - | 5,295 | |
47/48 |
- | 8,203 | - | - | 279 | 1,344 | 10,349 | 11,947 | 8,199 | 10,456 | 36,000 | 14,108 | 36,131 | 20,451 | 18,051 | 18,726 | 18,873 | 26,616 | 13,381 | 14,959 | |
492/3 |
- | - | - | - | 2,638 | 1,820 | 3,595 | 4,102 | 1,972 | 1,863 | 3,341 | 4,084 | 3,285 | 4,052 | 4,332 | 5,001 | 5,756 | 3,774 | 3,595 | 2,040 | |
| Income statement | |||||||||||||||||||||
76A |
- | 4,681 | - | - | - | - | - | - | - | - | - | - | - | - | 1,566 | - | - | - | - | - | |
9900 |
47,788 | 106,435 | 86,026 | 4,175 | 49,368 | 54,329 | 62,612 | 78,536 | 40,638 | 23,893 | 90,674 | 44,018 | 22,331 | 22,701 | 28,543 | 20,088 | 16,863 | 24,541 | 11,181 | 26,588 | |
630 |
20,774 | 17,388 | 20,248 | 27,575 | 31,186 | 31,767 | 34,778 | 35,656 | 21,096 | 9,592 | 8,116 | 14,882 | 10,378 | 9,954 | 8,934 | 8,681 | 4,921 | 6,268 | 2,493 | 15,258 | |
631/4 |
- | 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
2,259 | 811 | 867 | 2,296 | 3,762 | 5,805 | 4,537 | 5,507 | 5,991 | 3,720 | 3,019 | 4,174 | 3,022 | 2,904 | 7,289 | 2,365 | 3,106 | 513 | 832 | 2,590 | |
66A |
- | - | 3,629 | 1,548 | 3,701 | - | 6,188 | - | - | - | 8,297 | 827 | - | - | 1,469 | - | - | 9,539 | - | - | |
9901 |
24,755 | 88,136 | 61,282 | -27,244 | 10,720 | 16,757 | 17,109 | 37,373 | 13,552 | 10,581 | 79,538 | 24,963 | 8,930 | 9,842 | 12,320 | 9,043 | 8,836 | 17,760 | 7,856 | 8,740 | |
75/76B |
714 | 734 | 0 | 4 | 96 | 0 | 8 | 0 | 2,743 | 2,921 | 1,084 | 0 | 13 | 13 | 7 | - | - | - | 2 | - | |
75 |
714 | 734 | 0 | 4 | 96 | 0 | 8 | 0 | 2,743 | 2,921 | 1,084 | 0 | 13 | 13 | 7 | - | - | - | 2 | 8 | |
65/66B |
7,263 | 5,525 | 4,870 | 4,997 | 8,284 | 8,842 | 10,510 | 11,610 | 9,664 | 3,254 | 5,857 | 6,911 | 6,613 | 8,649 | 8,807 | 9,015 | 8,819 | 8,219 | 8,528 | - | |
65 |
7,263 | 5,525 | 4,870 | 4,997 | 8,284 | 8,842 | 10,510 | 11,610 | 9,664 | 3,254 | 5,857 | 6,911 | 6,613 | 8,649 | 8,807 | 9,015 | 8,819 | 8,219 | 8,528 | 7,037 | |
9903 |
18,205 | 83,345 | 56,412 | -32,238 | 2,531 | 7,915 | 6,606 | 25,763 | 6,632 | 10,248 | 66,468 | 17,224 | 2,330 | 1,206 | 3,617 | 27 | 17 | 2 | -671 | 1,711 | |
67/77 |
7,366 | 24,566 | 19,125 | 227 | 1,046 | 7,626 | 6,454 | 5,166 | 5,966 | 10,217 | 6,742 | 2,434 | 2,259 | 2 | 2,781 | - | - | - | 2,283 | 1,654 | |
9904 |
10,839 | 58,779 | 37,287 | -32,464 | 1,485 | 289 | 152 | 20,597 | 665 | 31 | 59,726 | 14,790 | 71 | 1,204 | 836 | 27 | 17 | 2 | -2,954 | 57 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 14 | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14 | - | - | - | - | |
9905 |
10,839 | 58,779 | 37,287 | -32,464 | 1,485 | 289 | 152 | 20,597 | 665 | 31 | 59,726 | 14,790 | 71 | 1,204 | 850 | 13 | 17 | 2 | -2,954 | 57 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
10,839 | 58,779 | 37,287 | -32,464 | 1,485 | 289 | 152 | 20,597 | 665 | 31 | 59,726 | 4,379 | -10,340 | -10,411 | -11,615 | -12,465 | -12,478 | -12,495 | -12,497 | -9,487 | |
14P |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9,544 | |
791/2 |
- | - | - | 32,464 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
10,839 | 58,779 | 37,287 | - | 1,485 | 289 | 152 | 20,597 | 665 | 31 | 23,726 | 4,379 | 71 | - | - | - | - | - | - | 57 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,639 | 71 | - | - | - | - | - | - | 57 | |
6921 |
10,839 | 58,779 | 37,287 | - | 1,485 | 289 | 152 | 20,597 | 665 | 31 | 23,726 | 2,740 | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | 36,000 | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | 36,000 | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 5 older financial years (2001-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 18 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 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-07-2026 | 2026-00339384 | |
| 31-12-2024 | abbreviated format | 11-07-2025 | 2025-00257900 | |
| 31-12-2023 | abbreviated format | 18-07-2024 | 2024-00256742 | |
| 31-12-2022 | abbreviated format | 28-06-2023 | 2023-00166312 | |
| 31-12-2021 | micro format | 12-09-2022 | 2022-20430137 | |
| 31-12-2020 | micro format | 27-09-2021 | 2021-69800270 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60200462 | |
| 31-12-2018 | micro format | 08-10-2019 | 2019-70200479 | |
| 31-12-2017 | micro format | 29-09-2018 | 2018-68700442 | |
| 31-12-2016 | micro format | 12-07-2017 | 2017-30200314 | |
| 31-12-2015 | abbreviated format | 20-07-2016 | 2016-33600054 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31900321 | |
| 31-12-2013 | abbreviated format | 11-09-2014 | 2014-58400525 | |
| 31-12-2012 | abbreviated format | 09-10-2013 | 2013-62900005 | |
| 31-12-2011 | abbreviated format | 20-08-2012 | 2012-43400070 | |
| 31-12-2010 | abbreviated format | 26-07-2011 | 2011-33700022 | |
| 31-12-2009 | abbreviated format | 25-06-2010 | 2010-22700350 | |
| 31-12-2008 | abbreviated format | 30-09-2009 | 2009-79100282 | |
| 31-12-2007 | abbreviated format | 08-08-2008 | 2008-55700161 | |
| 31-12-2006 | abbreviated format | 22-11-2007 | 2007-80700284 | |
| 31-12-2005 | abbreviated format | 24-07-2006 | 2006-51703914 | |
| 30-12-2004 | abbreviated format | 18-10-2005 | 2005-83002017 | |
| 30-12-2003 | abbreviated format | 30-09-2004 | 2004-69303955 | |
| 30-12-2002 | abbreviated format | 31-07-2003 | 2003-58401771 | |
| 30-12-2001 | abbreviated format | 14-10-2002 | 2002-65605195 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €627 | €1,343 |
| 2024 | 1 | €716 | €0 |
| 2022 | 1 | €912 | €912 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 45,529 | 105,524 | 81,530 | 331 | 41,906 | 48,524 | 51,887 | 73,029 | 34,648 | 20,173 | 87,654 | 39,844 | 19,308 | 19,797 | 21,254 | 17,724 | 13,758 | 24,028 | 10,349 | 23,998 | ||
| 31,613 | 76,167 | 57,535 | -4,889 | 32,671 | 32,056 | 34,930 | 56,253 | 21,761 | 9,623 | 67,842 | 29,672 | 10,449 | 11,159 | 9,770 | 8,708 | 4,938 | 6,269 | -461 | 15,315 | ||
| 6,145 | 10,188 | 18,811 | 3,655 | 54,206 | 13,061 | 30,834 | 64,169 | 463,280 | 11,704 | 15,347 | 4,045 | 1,283 | 3,741 | 44,702 | 19,194 | 1,615 | -16,789 | 2,382 | 24,698 | ||
| -22,483 | 47,727 | 4,493 | -39,959 | -2,952 | -41,239 | 66,882 | 13,502 | -8,772 | -9,772 | 12,286 | 11,330 | -8,366 | -6,171 | 5,419 | 9,315 | -292 | 371 | - | - | ||
| 11,179 | 14,254 | -18,358 | -35,020 | -12,978 | -14,310 | -9,342 | -102,869 | -72,851 | 644 | 863 | -42,525 | -49,459 | -33,992 | -18,119 | -11,015 | 12,385 | -11,226 | -23,218 | -24,116 | ||
| 31.9% | 27.5% | 16.6% | 8.0% | 13.2% | 13.1% | 11.8% | 11.0% | 8.3% | 25.3% | 23.4% | 13.8% | 4.8% | 4.7% | 3.6% | 3.7% | 3.4% | 3.7% | 3.7% | 5.2% | ||
| 1.29 | 1.26 | 0.60 | 0.41 | 0.82 | 0.82 | 0.92 | 0.22 | 0.14 | 1.01 | 1.01 | 0.38 | 0.30 | 0.30 | 0.61 | 0.66 | 1.38 | 0.71 | 0.18 | 0.36 | ||
| 2.14 | 2.64 | 5.03 | 11.47 | 6.59 | 6.62 | 7.48 | 8.09 | 11.06 | 2.95 | 3.28 | 6.27 | 19.86 | 20.36 | 26.81 | 26.00 | 28.21 | 26.16 | 26.20 | 18.38 | ||
| 7.5% | 43.9% | 49.7% | -86.2% | 2.1% | 0.4% | 0.2% | 30.2% | 1.4% | 0.1% | 127.3% | 63.7% | 0.8% | 14.4% | 11.7% | 0.4% | 0.3% | 0.0% | -47.2% | 0.6% | ||
| 2.4% | 12.1% | 8.2% | -6.9% | 0.3% | 0.1% | 0.0% | 3.3% | 0.1% | 0.0% | 29.7% | 8.8% | 0.0% | 0.7% | 0.4% | 0.0% | 0.0% | 0.0% | -1.7% | 0.0% | ||
| 6.27 | 19.10 | 16.74 | 0.07 | 5.06 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.41 |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €154,336 | - | - | - | - |
| Debts guaranteed by Belgian public bodies | €154,336 | €181,711 | €211,140 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,145 | €10,188 | €18,601 | €3,405 | €54,206 |
| Financial fixed assets | - | - | €210 | €250 | - |
| €20,774 | €17,388 | €20,248 | €27,575 | €31,186 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 72% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 72.5% to 68.1%. Equity is higher and debt is lower.
CODE ZERO has no parent and no holdings in its annual accounts. Wim LONCKE is the only director. CODE ZERO shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Acacialaan 10 registered office 8301 Knokke-Heist 2110001 Manufacture of basic pharmaceutical products and pharmaceutical preparations | 12-09-2000 | 2.099.767.512 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31338E0531/00_000 | 331 m² | 1 · 113 m² | 8.6 m · 2 |
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