Debts
€186,074 100% of the balance sheet
Financial debts 43%Suppliers 22%Taxes and wages 8%Other 27%
Of this, €164,817 falls due within a year.
Code200
Overview
Lifetime
4 annual accounts with figures on one time axispeak €81,844 (2023)
€77,307▼ 5.5%
lowest -€3,145 (2021)
€3,289▼ 78.2%
peak €21,670 (2022)
€448▲ €3,289
€186,074▼ 13.7%
Board2 names since 2020
2 directors and 1 other
Documentsfilings and deeds
28-10-202589 days late
2024micro format
Result from €15,104 to €3,289Equity from -€2,841 to €448Cash from €4,073 to €157
Key points
from the 2024 annual accountsFilings
4 annual accounts 104 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
0.2%
Lower solvency than 85% of companies in other professional activities. Sector median 50.2% · 4,290 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,250 companies had the same profile as Code200 has now. Each dot stands for 4 companies, two years later.
94.4%
were still trading
2.7%
stopped another way
2.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,250 companies, not a prediction for Code200. 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 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
Board and ownership
Director
Director
- founderdeed of 22-12-2020
- founderdeed of 22-12-2020
Recent changes
Company renamed from Nx2 to Code200
“Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en…” (deed in Dutch) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0760301341
Publication in the Belgian Official Gazette
Gazette deed
First establishment
Leliestraat 5, Ledegem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Code200 Ledegem | €186,522 | €77,307 | 0.2% | - |
| Nester Kortrijk | €163,531 | €63,336 | 61.8% | - |
| TO-bureau Wevelgem | €170,435 | €61,389 | 96.6% | - |
| Lovibond Design Schaerbeek | €201,958 | €112,962 | 62.1% | - |
| HUMBL-DESIGN Lummen | €180,750 | €107,378 | 50.7% | - |
| Leds Invest Schoten | €163,152 | €40,385 | 32.2% | - |
| JVL-TECHNICS Houthulst | €88,057 | €44,036 | 91.5% | - |
These companies have the same main activity as Code200: other professional, scientific and technical activities (NACE 74112). They are comparable in size and age: total assets between €88,100 and €202,000, founded between 2018 and 2022.
Official details
Source: KBO- Status
- Active since 18-12-2020Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74112and 6 others
- Establishment unit
- 2.311.994.7038880 Ledegem, since 01-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 04-09-2025
Annual accounts 2024
- €77,307▼ 5.5%
- ≈ €230,000estimated
- €3,289▼ 78.2%
- €448
- €186,522▼ 12.4%
- Employeeson 31-12-2024
- 1=
- Filing
- Filed on 28-10-2025
Insights on Code200
Code200 files the micro format. That format states no turnover. The gross margin rose from €15,297 in 2021 to €77,307 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2024
micro format, filed on 28-10-2025, 89 days late2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 12 November 2026.
€77,307
▼ 5.5%
€14,619
▼ 16.5%
€3,289
▼ 78.2%
-€81,595
▲ €18,611
0.2%
▲ 1.6 percentage points
0.50
▼ 0.00
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €230,000. Estimated: probably between €150,000 and €400,000.
Balance sheet
balance sheet total €186,522 on 31-12-2024What the company ownsHow it is paid for
in euro
in euro
Position in the sector
0.2%
Higher than 15% of 4,290 companies in 2024.
0.50
Higher than 11% of 4,129 companies in 2024.
1.8%
Higher than 32% of 4,164 companies in 2024.
Code200
Middle half of the sector
80% of the sector
Micro accounts in other professional activities (NACE 74)
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff
€37,858
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
186,522 | 212,825 | 187,487 | 158,746 | |
21/28 |
103,300 | 110,230 | 120,238 | 62,130 | |
21 |
22,381 | 20,018 | 29,388 | 38,484 | |
22/27 |
80,919 | 90,212 | 90,850 | 23,646 | |
22 |
64,855 | 68,670 | 72,485 | - | |
23 |
10,283 | 10,380 | 1,801 | 2,402 | |
24 |
5,781 | 11,162 | 16,564 | 21,244 | |
29/58 |
83,222 | 102,595 | 67,249 | 96,616 | |
3 |
52,845 | - | - | - | |
37 |
52,845 | - | - | - | |
40/41 |
28,933 | 96,575 | 67,064 | 85,972 | |
40 |
23,076 | 95,765 | 61,146 | 85,130 | |
41 |
5,857 | 810 | 5,918 | 842 | |
54/58 |
157 | 4,073 | 185 | 7,459 | |
490/1 |
1,287 | 1,947 | - | 3,185 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
186,522 | 212,825 | 187,487 | 158,746 | |
10/15 |
448 | -2,841 | 21,670 | 1,855 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-4,552 | -7,841 | 16,670 | -3,145 | |
17/49 |
186,074 | 215,666 | 165,817 | 156,891 | |
17 |
21,257 | 12,865 | 8,133 | 8,033 | |
170/4 |
21,257 | 12,865 | 8,133 | 8,033 | |
42/48 |
164,817 | 202,801 | 157,684 | 148,858 | |
42 |
26,050 | 15,202 | 8,006 | 4,939 | |
43 |
59,553 | 4,500 | - | 15,000 | |
430/8 |
59,553 | 4,500 | - | 15,000 | |
44 |
41,167 | 18,160 | 4,935 | 121,585 | |
440/4 |
41,167 | 18,160 | 4,935 | 121,585 | |
45 |
14,100 | 30,841 | 28,889 | 799 | |
450/3 |
14,100 | 19,485 | 27,139 | 799 | |
454/9 |
- | 11,356 | 1,750 | - | |
47/48 |
23,947 | 134,098 | 115,854 | 6,535 | |
| Income statement | |||||
76A |
- | - | 3,777 | - | |
9900 |
77,307 | 81,844 | 80,199 | 15,297 | |
62 |
37,858 | 42,504 | 34,592 | - | |
630 |
22,955 | 20,189 | 19,429 | 15,283 | |
640/8 |
1,875 | 1,641 | 1,358 | 561 | |
9901 |
14,619 | 17,510 | 24,820 | -547 | |
75/76B |
71 | - | 15 | - | |
75 |
71 | - | 15 | - | |
65/66B |
11,240 | 1,856 | 1,091 | 2,038 | |
65 |
11,240 | 1,856 | 1,091 | 2,038 | |
9903 |
3,450 | 15,654 | 23,744 | -2,585 | |
67/77 |
161 | 550 | 3,929 | 560 | |
9904 |
3,289 | 15,104 | 19,815 | -3,145 | |
9905 |
3,289 | 15,104 | 19,815 | -3,145 | |
| Appropriation of the result | |||||
9906 |
-4,552 | 7,159 | 16,670 | -3,145 | |
14P |
-7,841 | -7,945 | -3,145 | - | |
694/7 |
- | 15,000 | - | - | |
695 |
- | 15,000 | - | - | |
| Social balance sheet | |||||
9087 |
1 | 1 | 1 | - | |
Hours worked1013 |
1,826 | 1,746 | 1,763 | - | |
| Document | |||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 28-10-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2023, 1 entry, €165 awarded, €165 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| 37,574 | 37,699 | 44,249 | 14,736 | ||
| 26,244 | 35,293 | 39,244 | 12,138 | ||
| 16,025 | 10,181 | 77,537 | 77,413 | ||
| -3,916 | 3,888 | -7,274 | - | ||
| -81,595 | -100,206 | -90,435 | -52,242 | ||
| 0.2% | -1.3% | 11.6% | 1.2% | ||
| 0.50 | 0.51 | 0.43 | 0.65 | ||
| 0.18 | 0.51 | 0.43 | 0.65 | ||
| - | - | 7.65 | 84.58 | ||
| - | - | 91.4% | -169.5% | ||
| 1.8% | 7.1% | 10.6% | -2.0% | ||
| 3.34 | 20.31 | 40.56 | 7.23 |
The equity ratios are withheld because equity of €448 is too small for a meaningful ratio.
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.
Social balance sheet
| Item | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| 1 | 1 | 1 | |
| On a permanent contract | 1 | 1 | 1 |
| Joined | - | - | 1 |
| Left | - | - | 0 |
Source: social balance sheet in the 2022 to 2024 annual accounts
Securities and guarantees
on own assets and for others| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €12,972 |
| Carrying value of the mortgaged assets | - | - | - | €23,646 |
Source: notes to the 2021 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,005 | €9,786 | €76,952 | €29,308 |
| Intangible fixed assets | €14,020 | €395 | €585 | €48,105 |
| €22,955 | €20,189 | €19,429 | €15,283 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Insights on Code200
The operating result for 2024 is 17% lower than in 2023 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total is 99.8%.
Board & ownership
Board
2 directors, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 22-12-2020
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 22-12-2020, still in office
-
- Director (not named in the articles), appointed by deed of 22-12-2020, still in office
Control
Founders
,
This company
Code200
Equity €448
Profit €3,289 in 2024
Capital
- Contribution
- €5,000
- Source
- 2024 annual accounts
Articles of association
deed of 22-12-2020 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 09:00
- 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
Founders
At incorporation
deed of 22-12-2020 ↗
- founder
- founder
Network & group
No group
Code200 has no parent and no holdings in its annual accounts. Code200 shares no director with another company.
Timeline
Timeline
10 events since 2020Filings
Financial
Establishments
Other
2020202220242026
2026
Company renamed from Nx2 to Code200“Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en…” (deed in Dutch)1 point ▸
- Name change, Code200
- The deed holds 3 more points.
2025
Annual accounts 2024 filed PDFmicro format · 89 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0760301341
2024
Annual accounts 2023 filed PDFmicro format · 150 days late
2023
Annual accounts 2022 filed PDFmicro format · 67 days late
2022
Back to profit net €19,815 The net result is €19,815, after one loss-making year.
Annual accounts 2021 filed PDFmicro format · 113 days late
2020
IncorporationFounders: and · Appointments: (director) and (director) · Founder: · published on 22-12-20205 points ▸
- Founder,
- Founder,
- Registered office clause, Leliestraat 5, 8880 Ledegem (Rollegem-Kapelle)
- Director appointment, (director (not named in the articles))
- Director appointment, (director (not named in the articles))
- The deed holds 4 more points.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Code200 was incorporated on 18 December 2020 as a private limited company by two natural persons.12 The name was changed to Code200 in 2026.3 The board currently has 2 members.2 Total assets rose from €158,746 in 2021 to €186,522 in 2024 and headcount from 1 full-time equivalents in 2022 to 1 in 2024.4
Company details
Identity
- Enterprise number
- 0760.301.341
- VAT number
- BE 0760.301.341
- Peppol ID
- 0208:0760301341
- Other Peppol ID
- 9925:BE0760301341
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-12-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 09:00deed of 22-12-2020 (in Dutch)
- Peppol
- Reachable since 04-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Code200 in Dutch
- Former name
- Nx2 until 03-03-2026 · deed of 16-03-2026
- Entity type
- Legal entity
- Name clauseThe company operates under this name according to its articles.
- Code200deed of 16-03-2026 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Leliestraat 5, 8880 Ledegem (Rollegem-Kapelle)”deed of 22-12-2020 (in Dutch)
Activities
NACEBEL 202574112
Other professional, scientific and technical activities main activity
96999
Other personal services
Codes under NACEBEL 2008
74102
Other professional, scientific and technical activities main activity
18130
Pre-press and pre-media services
46190
Wholesale trade
70220
Business consulting
74103
Other professional, scientific and technical activities
82990
Other business support services
96099
Personal service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren…”deed of 16-03-2026 (in Dutch)
13 activities
- Het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt.
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, inpandgeving handelszaak, dit alles in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan kredietinstellingen.
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard; in de ruimste zin, met uitzondering van adviezen inzake beleggingen en geldplaatsingen; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur.
- Het waarnemen van alle bestuursopdrachten en opdrachten van vereffenaars, het uitoefenen van opdrachten en functies.
- Het ontwikkelen, kopen, verkopen, in licentie nemen of geven van octrooien, knowhow en aanverwante immateriële duurzame activa.
- Het verlenen van administratieve prestaties en computerservices.
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in ‘t kort tussenpersoon in de handel.
- Het onderzoek, de ontwikkeling, de vervaardiging of commercialisering van nieuwe producten, nieuwe vormen van technologie en hun toepassingen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Het verschaffen, zowel aan individuele personen als aan vennootschappen, van alle prestaties, diensten en adviezen inzake management, alsook het ontwikkelen van projecten daaromtrent en dit alles in alle mogelijke sectoren (industrieel, commercieel, diensten, …).
- Het uitvoeren van administratieve en ondersteunende activiteiten voor kantoren en ondernemingen.
- Het waarnemen van bestuursfuncties in Belgische of buitenlandse ondernemingen, zowel op basis van contractuele relaties als statutaire benoemingen en in de hoedanigheid van extern raadgever of orgaan van deze onderneming.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Leliestraat 5 registered office 8880 Ledegem | 01-01-2021 | 2.311.994.703 |
Buildings and parcels at the address
- Ground area
- 347 m²
- Buildings
- 162 m²
- Volume, LiDAR
- 589 m³
- Tallest building
- 8.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36016B0125/00E003 | 347 m² | 1 · 162 m² | 8.0 m · 1 |