CODE4
The computed 12-month bankruptcy probability of CODE4 is 0.1% (very low). The 2024 annual accounts show equity of €79k and a net result of €106k. Equity is growing by ~198.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 135 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €79k |
| Net result | €106k |
| Staff (FTE) | 0.9 |
| Better than sector | 81% |
Exceptional profile — strong across almost every axis.
Statistical estimate based on public sources — not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 71.1% | 35.7% | |
| Net result | €106k | €28k | |
| Equity | €79k | €51k | |
| Gross operating margin | €143k | €62k | |
| Staff costs | €13k | €67k |
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €130k |
| Net profit | €106k |
| Cash flow | €110k |
| Staff costs | €13k |
| Income taxes | €19k |
| Dividends | — |
| Total assets | €111k |
| Equity | €79k |
| Debt | €32k |
| of which ≤ 1y | €20k |
| of which > 1y | — |
| Working capital | €65k |
| Employees (FTE) | 0.9 |
| 2024 | |
|---|---|
| Current ratio | 4.22 |
| Quick ratio | 4.22 |
| Working capital ratio | 58.4% |
| Solvency | 71.1% |
| Debt / equity | 0.41 |
| Long-term debt ratio | — |
| Interest coverage | 2353.68 |
| Gross margin | — |
| Net margin | — |
| ROA | 95.8% |
| ROE | 134.6% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €111k |
| Fixed assets | 21/28 | €26k |
| Intangible fixed assets | 21 | €25k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €85k |
| Amounts receivable within one year | 40/41 | €0 |
| Cash & bank | 54/58 | €21k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €111k |
| Equity | 10/15 | €79k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €69k |
| Amounts payable | 17/49 | €32k |
| Amounts payable within one year | 42/48 | €20k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €143k |
| Operating result | 9901 | €126k |
| Financial charges | 65 | €55 |
| Result before taxes | 9903 | €126k |
| Income taxes | 67/77 | €19k |
| Net result for the period | 9904 | €106k |
| Result to be appropriated | 9905 | €106k |
-
SEGHERS SLMLegal entityDirector· perm. rep.: Seghers KennethState Gazette act 25135886 (24-10-2025)Current01-08-2025 → present
| NACE primary | 66290 |
| Legal form | Private limited company(610) |
| Incorporation | 04-11-2021 |
| Status | Active |
| Postal code | 9600 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45041B1271/00D003 | Flanders | 1,227 m² | 1 · 743 m² | 17.1 m · 2 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
24-10-2025 Seghers Kenneth appointed as director
- Seghers Kenneth — Bestuurder
Technical details
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}24-10-2025 Seghers Kenneth appointed as zelfstandig directeur
- Seghers Kenneth — Zelfstandig directeur
Technical details
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}23-07-2025 Articles of association amended
Technical details
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"quote": "Bijzondere volmacht wordt verleend aan de besloten vennootschap \u201CD\u0026D FISC\u201D, met kantoor te 9700 Oudenaarde, Louise Mariekaai 15, evenals aan haar bedienden, aangestelde en lasthebbers, met mogelijkheid tot indeplaatsstelling, om alle nuttige of noodzakelijke formaliteiten te vervullen met betrekking tot de ondernemingsrechtbank, de Kruispuntbank van Ondernemingen, de ondernemingsloketten, de BTW-administratie en andere fiscale administraties.",
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}23-07-2025 Articles of association amended — translation of the articles, coordination of the articles and amendment of specific articles
Technical details
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"summary": "Artikel toegevoegd dat bevoegdheden van het dagelijks bestuur kan toewijzen aan gedelegeerden of directeurs.",
"new_text": "Artikel 14bis. Dagelijks bestuur Het bestuursorgaan kan het dagelijks bestuur, alsook de vertegenwoordiging van de vennootschap wat dat bestuur aangaat, opdragen aan \u00E9\u00E9n of meer van zijn leden, die dan de titel dragen van gedelegeerd bestuurder, of aan \u00E9\u00E9n of meer directeurs. Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden. De gedelegeerden voor het dagelijks bestuur kunnen ",
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"new_text": "Artikel 13bis. Interne reglementen \u201CHet bestuursorgaan is bevoegd om interne reglementen met interne en obligatoire gevolgen voor de leden het bestuursorgaan op te stellen binnen de beperkingen van de toepasselijke wettelijke, reglementaire en statutaire bepalingen. In dit intern reglement kan het bestuursorgaan nadere regels bepalen met betrekking tot de samenstelling, de werking, de omschrijving",
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}12-09-2023 Transaction in capital or shares
Technical details
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}12-09-2023 Restructuring of share classes
Technical details
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}08-11-2021 Incorporation of a new BV
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CODE4 |