CODE ZERO
ActiveSummary
CODE ZERO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,283 and a net result of -€8,860. Its solvency ranks better than 89% of 825 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-06-2023 Normal situation
- Activity
- Other software publishing NACE 58290and 1 other
- Establishment unit
- 2.350.229.232 1380 Lasne, since 26-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 29-09-2025
Board and ownership
Board
- BIBOT Marin PierreDirector
- BIBOT Gerald François Paul Marie GhislainDirector
Shareholders
- BIBOT Marin Pierre100 sharesdeed of 28-06-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- -€7,323
- Loss
- €8,860
- Equity
- €18,283
- ▼ 32.6%
- Total assets
- €19,738
- ▼ 45.1%
Turnover not published (micro format)
Score breakdownlowers riskSector: Publishing activities (NACE 58)Liquidity: current ratio 12.60, cash €17,545Size: total assets €19,738Equity €18,283 (92.6% of total assets)Show the evidence
Checked score
Score 2025
94
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 52% of micro companies in publishing (NACE 58)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 92.6% of total assets
Liquidity
100+9
short-term debt 7.4% · cash 88.9%
Profitability
0-100
return on assets -44.9%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.7%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%▼ -0.1 percentage points vs 03-2025
05-2025: 0.7%▲ +0.1 percentage points vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025highest value
08-2025: 0.7%● unchanged vs 07-2025highest value
09-2025: < 0.1%▼ -0.7 percentage points 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 01-2026lowest value
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%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 12.6 (3.86 in 2024), above the usual 1.5. Short-term debt is 7.4% and cash 88.9% of total assets. 7.4% of the assets are financed with debt and provisions.
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 58, micro). It does better than 87% of them on solvency, 96% on liquidity, 8% on profitability and 19% on growth.
The bankruptcy probability was computed on 04-11-2026 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).
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
Five signals.
lowers 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 19-06-2026, 42 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
42 days early
2024
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 21 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% 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.
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 19-06-2026 at the NBB all 2 filings
Equity
€18,283▼ 32.6%
2024 · €27,143
Total assets
€19,738▼ 45.1%
2024 · €35,970
Net result
-€8,860
2024 · €24,143
Working capital
€16,890▼ 33.1%
2024 · €25,256
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
-€8,629
2025
20242025
Net result
-€8,860
2025
lowest quarter of the sector
20242025
Equity
€18,283
▼ 32.6%
2025
middle half of the sector
20242025
Total assets
€19,738
▼ 45.1%
2025
lowest quarter of the sector
20242025
Debt
€1,456
▼ 83.5%
2025
20242025
Working capital
€16,890
▼ 33.1%
2025
middle half of the sector
20242025
Solvency
92.6%
▲ 17.2pp
2025
highest quarter of the sector
20242025
Current ratio
12.60
▲ 8.74
2025
highest quarter of the sector
20242025
Return on assets (ROA)
-44.9%
▼ 112.0pp
2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result€30,272--€8,629
Net result€24,143within the sector's middle half--€8,860below the sector's middle half
Equity€27,143within the sector's middle half-€18,283within the sector's middle half▼ 32.6%
Total assets€35,970below the sector's middle half-€19,738below the sector's middle half▼ 45.1%
Debt€8,827-€1,456▼ 83.5%
Working capital€25,256within the sector's middle half-€16,890within the sector's middle half▼ 33.1%
Solvency75.5%within the sector's middle half-92.6%above the sector's middle half▲ 17.2pp
Current ratio3.86within the sector's middle half-12.60above the sector's middle half▲ 8.74
Return on assets (ROA)67.1%above the sector's middle half--44.9%below the sector's middle half▼ 112.0pp
above
within
below
The sector band is the middle half of the companies in Publishing activities (NACE 58). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €8,629, after a profit of €30,272 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,738
Fixed assets
€1,392 ▼ 26.2%
Current assets
€18,346 ▼ 46.2%
Equity and liabilities €19,738
Equity
€18,283 ▼ 32.6%
Debt
€1,456 ▼ 83.5%
Debt's share of the balance-sheet total falls from 24.5% to 7.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€8,134▼
2024 · €32,053
Cash flow
-€8,366▼
2024 · €25,925
Debt to equity
0.08▼
2024 · 0.33
ROE
-48.5%▼
2024 · 88.9%
Interest coverage
-35.10▼
2024 · over 100
Debt ≤ 1 year
€1,456▼
2024 · €8,827
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €2,474 | - |
| Depreciation and write-downs of the year | €1,782 | €495 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,782 | €495 | ▼ 72.2% |
| Other operating charges640/8 | €424 | €811 | ▲ 91.0% |
| Gross operating margin9900 | €32,478 | -€7,323 | - |
| Operating profit (loss)9901 | €30,272 | -€8,629 | - |
| Financial income75/76B | €0 | - | - |
| Recurring financial income75 | €0 | - | - |
| Financial charges65/66B | €80 | €232 | ▲ 190% |
| Recurring financial charges65 | €80 | €232 | ▲ 190% |
| Profit (loss) for the period before taxes9903 | €30,192 | -€8,860 | - |
| Income taxes67/77 | €6,049 | - | - |
| Profit (loss) for the period9904 | €24,143 | -€8,860 | - |
| Profit (loss) for the period to be appropriated9905 | €24,143 | -€8,860 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €35,970 | €19,738 | ▼ 45.1% |
| Fixed assets21/28 | €1,887 | €1,392 | ▼ 26.2% |
| Tangible fixed assets22/27 | €1,887 | €1,392 | ▼ 26.2% |
| Furniture and vehicles24 | €1,887 | €1,392 | ▼ 26.2% |
| Current assets29/58 | €34,083 | €18,346 | ▼ 46.2% |
| Amounts receivable within one year40/41 | €3,563 | €801 | ▼ 77.5% |
| Trade receivables40 | €3,336 | - | - |
| Other amounts receivable41 | €227 | €801 | ▲ 253% |
| Cash at bank and in hand54/58 | €30,520 | €17,545 | ▼ 42.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €35,970 | €19,738 | ▼ 45.1% |
| Equity10/15 | €27,143 | €18,283 | ▼ 32.6% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €24,143 | €15,283 | ▼ 36.7% |
| Amounts payable17/49 | €8,827 | €1,456 | ▼ 83.5% |
| Amounts payable within one year42/48 | €8,827 | €1,456 | ▼ 83.5% |
| Taxes, remuneration and social security45 | €8,827 | €1,361 | ▼ 84.6% |
| Taxes450/3 | €6,827 | €1,361 | ▼ 80.1% |
| Remuneration and social security454/9 | €2,000 | - | - |
| Other amounts payable47/48 | - | €95 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,143 | -€8,860 | - |
| + Depreciation and write-downs630 | €1,782 | €495 | ▼ 72.2% |
| Operating cash flow (approximation) | €25,925 | -€8,366 | - |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€12,974 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as CODE ZERO has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.8%
was still going
8.7%
stopped otherwise
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODE ZERO itself is lower: 0.1% within 12 months. It rests on far more data about CODE ZERO than the profile alone.
Test of the method
The method was tested on the 497,446 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 3,223 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.
Board & ownership
Directors
Directors
2 directors, no change since July 2023
BIBOT Marin Pierre
Current
Director (not named in the articles) · appointed by deed of 28-06-2023 · term without a fixed end
BIBOT Gerald François Paul Marie Ghislain
Current
Director · appointed by deed of 09-10-2023 · term without a fixed end
Owners and capital
Shareholders
At incorporation
deed of 28-06-2023 ↗
- BIBOT Marin Pierre 100 shares (100%) · in cash
Capital transactions
Capital over time
- 28-06-2023 Incorporation · €3,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| BIBOT Marin Pierre |
|
| BIBOT Gerald François Paul Marie Ghislain |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, choisi de commun accord ou président du tribunal de l’entreprise statuant comme en référé à…”
Audit, dissolution and liquidation
- 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
Articles of association, deed of 28-06-2023 (in French)
Network & group
Connections & network
0 connected companies, 1 earlier tieThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Earlier ties
THE GREAT CIRCLE
via BIBOT Gerald François Paul Marie Ghislain (no longer at THE GREAT CIRCLE) · Manager
Founded in 2010 · total assets €1.1m (2025) · negative equity
→
Timeline
Deeds, filings and financial milestones
Deadline for the 2026 accounts:
2026
19-06
micro format · 42 days before the deadline
2025
31-12
Financial
Liquidity more than triplescurrent ratio 12.60
The current ratio rises from 3.86 to 12.60. Short-term debt falls from €8,827 to €1,456.
31-07
micro format · on the deadline day
2023
09-10
Gazette deed
Appointment: BIBOT Gerald François Paul Marie Ghislain (director)2 points ▸
Gazette deed
Appointment: BIBOT Gerald François Paul Marie Ghislain (director)
2 points ▸
- General meeting, 17-07-2023
- Director appointment, BIBOT Gerald François Paul Marie Ghislain
28-06
Gazette deed
IncorporationFounding capital of €3,000, 100 shares · Founder: BIBOT Marin Pierre (comparant) · Appointment: BIBOT Marin Pierre (director)6 points ▸
Gazette deed
Incorporation
Founding capital of €3,000, 100 shares · Founder: BIBOT Marin Pierre (comparant) · Appointment: BIBOT Marin Pierre (director)6 points ▸
- Incorporation, 23-06-2023
- Founder, BIBOT Marin Pierre (comparant)
- Founding capital, €3,000, 100 shares
- Registered office clause, Rue de la Bachée 94, 1380 Lasne (Plancenoit)
- Board rule, 1
- Director appointment, BIBOT Marin Pierre (director (not named in the articles))
- The deed holds 2 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CODE ZERO in French
Enterprise number
0803.190.187
Legal form
Private limited company
Status
Active, normal situation
Founded
26-06-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-06-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 28-06-2023 (in French)Registered office and establishments
Registered office
Rue de la Bachée 94, 1380 Lasne, Belgium
Establishment unit
CODE ZERO, Rue de la Bachée 94, 1380 Lasne since 26-06-2023 · unit number 2.350.229.232
E-mail
marin.bibot@hotmail.com
Phone
+32476068918
Activities
NACEBEL 202558290
Other software publishing main activity
58210
Publishing activities
Codes under NACEBEL 2008
58290
Publishing activities main activity
58210
Publishing activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 28-06-2023 (in French)
“Compte propre; Compte de tiers; Participation; L’achat,la vente,l’importation,l’exportation,la représentation,la distribution,la…”
13 activities
- Compte propre
- Compte de tiers
- Participation
- L’achat,la vente,l’importation,l’exportation,la représentation,la distribution,la conception,la fabrication de tout matériel bureautique,d’informatique et d’électronique ainsi que tous les accessoires et fournitures
- La consultance,la fourniture de prestations,de conseils,de services et de produits dans le domaine de l’informatique et de l’électronique notamment l’élaboration et la fourniture de logiciels informatiques,ainsi que la conclusion de tout contrat d’études,de développements et de tous conseils dans le domaine de l’informatique et de l’électronique
- L’étude,le traitement et l’enseignement dans le domaine de l’informatique et de l’électronique,y compris la commercialisation et l’entretien de matériel et/ou de produits informatiques ou électroniques
- La valorisation de brevets,de licences,de droits d’auteurs ou de propriété intellectuelle sous toute forme (dessins,plans,tableaux,code-source,code objet,éléments esthétiques,interfaces,matériel préparatoire,rapports,design et architecture logicielle,design et architecture technique,documentation,marques sans que cette liste ne soit limitative)
- La réalisation et la diffusion d’ouvrages documentaires sous forme numérique ou matérielle
- L’organisation de congrès,de cours,d’évènements,d'ateliers de formation et de recyclage,ainsi que leur exploitation et diffusion
- La réalisation d’opérations d’achat,de vente,de location d’immeubles,à l’exception de l’activité d’agent immobilier
- L’achat,l’échange,la vente,la prise en location et en sous-location,ainsi que la cession en location et en sous-location,le tout avec ou sans option d’achat,l’exploitation et l’entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale,de tous biens immobiliers,ainsi que toutes opérations de financement
- L’érection de toutes constructions pour son compte ou pour compte de tiers,en tant que maître de l’ouvrage ou entrepreneur général,et la réalisation,éventuellement aux biens immobiliers,de transformations et mises en valeur ainsi que l’étude et l’aménagement de lotissements y compris la construction de routes et égouts;la souscription des engagements en tant que conseiller en construction (études de génie civil et des divers équipements techniques des immeubles);l’achat de tous matériaux,la signature de tous contrats d’entreprises qui seraient nécessaires;toutes opérations de change,commission et courtage,ainsi que la gérance d’immeubles
- L’achat,l’exploitation et la construction tant pour elle-même que pour des tiers,par location ou autrement,de tous parkings,garages
Invoicing and payment
VAT number
BE 0803.190.187
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 18:00
deed of 28-06-2023 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
797 m²
Building footprint
56 m²
Building volume
501 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25087C0431/00E000 | Wallonia | 797 m² | 1 · 56 m² | 10.1 m · 3 |