Summary
CODE4 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €89,342 and a net result of €70,564. Equity is growing by ~86.7% per year across the filed fiscal years. Its solvency ranks better than 44% of 2460 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
2 d early
2024
25 d late
2023
16 d early
2022
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 5 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€89,342▲ 13.4%
2024 · €78,778
Net result
€70,564▼ 33.5%
2024 · €106,075
Total assets
€203,590▲ 83.8%
2024 · €110,758
Solvency
43.9%▼ 27.2pp
2024 · 71.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€36,210-€9,470€125,590▲ 1,226%€89,850▼ 28.5%
Net result-€36,480below the sector's middle half-€9,184within the sector's middle half€106,075above the sector's middle half▲ 1,055%€70,564within the sector's middle half▼ 33.5%
Equity-€26,480below the sector's middle half--€17,297below the sector's middle half▲ 34.7%€78,778within the sector's middle half€89,342within the sector's middle half▲ 13.4%
Total assets€52,216below the sector's middle half-€59,252below the sector's middle half▲ 13.5%€110,758below the sector's middle half▲ 86.9%€203,590within the sector's middle half▲ 83.8%
Debt€78,697-€76,549▼ 2.7%€31,979▼ 58.2%€114,248▲ 257%
Working capital-€50,658--€30,037▲ 40.7%€64,733€35,117▼ 45.8%
Solvency-50.7%below the sector's middle half--29.2%below the sector's middle half▲ 21.5pp71.1%within the sector's middle half▲ 100.3pp43.9%within the sector's middle half▼ 27.2pp
Staff (FTE)1-1=0.9▼ 10.0%1▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €203,590
Fixed assets
€61,769 ▲ 138%
Current assets
€141,821 ▲ 67.2%
Equity and liabilities €203,590
Equity
€89,342 ▲ 13.4%
Debt
€114,248 ▲ 257%
Debt's share of the balance-sheet total rises from 28.9% to 56.1%. Equity and debt are higher.
Key figures and ratios
ROE
79.0%▼
2024 · 134.6%
ROA
34.7%▼
2024 · 95.8%
Debt ≤ 1 year
€106,704▲
2024 · €20,100
Income taxes
€19,200▼
2024 · €19,460
Staff costs
€25,071▲
2024 · €13,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €64,597 | €58,360 | €13,098 | €25,071 | ▲ 91.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,477 | €3,250 | €4,004 | €8,026 | ▲ 100% |
| Other operating charges640/8 | €1,023 | €800 | €528 | €1,166 | ▲ 121% |
| Gross operating margin9900 | €32,887 | €71,880 | €143,220 | €124,113 | ▼ 13.3% |
| Operating profit (loss)9901 | -€36,210 | €9,470 | €125,590 | €89,850 | ▼ 28.5% |
| Financial charges65/66B | €139 | €163 | €55 | €86 | ▲ 56.0% |
| Recurring financial charges65 | €139 | €163 | €55 | €86 | ▲ 56.0% |
| Profit (loss) for the period before taxes9903 | -€36,349 | €9,307 | €125,535 | €89,764 | ▼ 28.5% |
| Income taxes67/77 | €131 | €123 | €19,460 | €19,200 | ▼ 1.3% |
| Profit (loss) for the period9904 | -€36,480 | €9,184 | €106,075 | €70,564 | ▼ 33.5% |
| Profit (loss) for the period to be appropriated9905 | -€36,480 | €9,184 | €106,075 | €70,564 | ▼ 33.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €52,216 | €59,252 | €110,758 | €203,590 | ▲ 83.8% |
| Fixed assets21/28 | €26,523 | €25,773 | €25,925 | €61,769 | ▲ 138% |
| Intangible fixed assets21 | €26,523 | €25,773 | €24,785 | €61,181 | ▲ 147% |
| Tangible fixed assets22/27 | - | - | €1,140 | €588 | ▼ 48.4% |
| Furniture and vehicles24 | - | - | €1,140 | €588 | ▼ 48.4% |
| Current assets29/58 | €25,693 | €33,479 | €84,833 | €141,821 | ▲ 67.2% |
| Amounts receivable within one year40/41 | €350 | €458 | €0 | €26,188 | - |
| Trade receivables40 | €350 | €458 | €0 | €42 | - |
| Other amounts receivable41 | - | - | - | €26,146 | - |
| Cash at bank and in hand54/58 | €4,403 | €27,932 | €21,161 | €59,580 | ▲ 182% |
| Deferred charges and accrued income490/1 | €20,941 | €5,089 | €63,672 | €56,052 | ▼ 12.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €52,216 | €59,252 | €110,758 | €203,590 | ▲ 83.8% |
| Equity10/15 | -€26,480 | -€17,297 | €78,778 | €89,342 | ▲ 13.4% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€36,480 | -€27,297 | €68,778 | €79,342 | ▲ 15.4% |
| Amounts payable17/49 | €78,697 | €76,549 | €31,979 | €114,248 | ▲ 257% |
| Amounts payable within one year42/48 | €76,351 | €63,516 | €20,100 | €106,704 | ▲ 431% |
| Trade debts44 | €8,677 | €424 | €3,311 | €39,237 | ▲ 1,085% |
| Suppliers440/4 | €8,677 | €424 | €3,311 | €39,237 | ▲ 1,085% |
| Taxes, remuneration and social security45 | €10,843 | €6,066 | €6,789 | €7,467 | ▲ 10.0% |
| Taxes450/3 | €131 | €123 | €4,460 | €4,460 | = |
| Remuneration and social security454/9 | €10,712 | €5,943 | €2,329 | €3,007 | ▲ 29.1% |
| Other amounts payable47/48 | €56,831 | €57,026 | €10,000 | €60,000 | ▲ 500% |
| Accrued charges and deferred income492/3 | €2,345 | €13,032 | €11,880 | €7,544 | ▼ 36.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€36,480 | €9,184 | €106,075 | €70,564 | ▼ 33.5% |
| + Depreciation and write-downs630 | €3,477 | €3,250 | €4,004 | €8,026 | ▲ 100% |
| Operating cash flow (approximation) | -€33,003 | €12,434 | €110,079 | €78,589 | ▼ 28.6% |
| Investment in fixed assets (approximation) | - | -€2,500 | -€4,155 | -€43,870 | ▼ 956% |
| Change in cash | - | €23,529 | -€6,771 | €38,419 | ▲ 667% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Highest result since 2022net €106,075 ▲1,055%
Operating result €125,590, net result €106,075, both a record.
31-12
Financial
Liquidity times 8current ratio 4.22
Current ratio from 0.53 to 4.22; short-term debt falls from €63,516 to €20,100.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9,184
Net result €9,184 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ronse · 1 establishment unit since 2021
Ground area
1,227 m²
Building footprint
743 m²
Volume, LiDAR
3,984 m³
Parcel 45041B1271/00D003, Flanders · tallest building 17.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ninoofsesteenweg 324, 9600 Ronse
since 20212.324.310.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B1271/00D003 | Flanders | 1,227 m² | 1 · 743 m² | 17.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 ownersOwners 2
-
33%
-
33%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 238 companies in sector 66290 we hold annual accounts for 146. 111 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
66290Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0776801041
Also
9925:BE0776801041
Registered
29-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.