Equity
€98,246 ▲ 2.4%
CODECHIEF paid out €15,944 in dividends. That is 87% of the 2025 profit.
CODECHIEF
Lifetime
7 annual accounts with figures on one time axispeak €51,743 (2024)
€43,476▼ 16.0%
peak €24,481 (2024)
€18,255▼ 25.4%
peak €98,246 (2025)
€98,246▲ 2.4%
€38,781▼ 13.8%
Board1 name since 2018
1 directorSINGH Simran
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €51,743 to €43,476Result from €24,481 to €18,255Dividend €15,944Cash from €25,638 to €5,677
Key points
from the 2025 annual accountsChecked score
89
Excellent
Financially stronger than 48% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%highest value
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.6%▼ -0.1 percentage points vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.2%▼ -0.5 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: < 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: < 0.1%● unchanged 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 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
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%● unchanged vs 05-2026
07-2026: 0.1%▲ +0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
Liquidity: current ratio 3.73, cash €5,677, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €137,027
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 62, micro). It does better than 65% of them on solvency, 31% on liquidity, 47% on profitability and 47% 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as CODECHIEF has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODECHIEF itself is lower: 0.2% within 12 months. It rests on far more data about CODECHIEF than the profile alone.
Test of the method
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 26,972 companies, not a prediction for CODECHIEF. 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 of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.73 (5.31 in 2024), above the usual 1.5. Short-term debt is 17.3% and cash 4.1% of total assets. 28.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
6 days early
2023
30 days late
2022
122 days late
2021
61 days late
2020
122 days late
2019
132 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 70 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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. The company usually files around 31 August (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0701940203
Reappointment: SINGH Simran (director)
General meeting of 26-12-2023 · Gazette deed
Registered office moved from De Haan to Ostend
New registered office: Zoutziedersstraat 5 te 8400 Oostende · Previous registered office: Molendreef 47 Bus 01-01 te 8421 De Haan · General meeting of 31-03-2023 · Gazette deed
Registered office moved from Bekgem to De Haan
New registered office: Molendreef 47 Bus 01-01 te 8421 De Haan · Previous registered office: Meanderstraat 19, 8480 Bekgem · General meeting of 01-07-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODECHIEF Ostend | €137,027 | €43,476 | 71.7% | - |
| CASTELLO Wielsbeke | €152,061 | €51,285 | 12.2% | - |
| Eight Point Squared Harelbeke | €168,857 | €45,908 | 44.9% | - |
| INSITIC Braine-l'Alleud | €143,242 | €46,391 | 97.9% | - |
| KONVIVIO Etterbeek | €125,166 | €40,824 | -109.7% | - |
| BRAVO CONSULTING Zaventem | €146,608 | €38,807 | 82.0% | - |
| INOVE-IT Ath | €137,387 | €37,932 | 93.2% | - |
These companies have the same main activity as CODECHIEF: computer programming (NACE 62100). They are comparable in size and age: total assets between €125,000 and €169,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 31-08-2018Normal situation
- Activity
- Computer programmingNACE 62100and 1 other
- Establishment unit
- 2.278.908.3978400 Ostend, since 31-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 22-02-2024
Insights on CODECHIEF
CODECHIEF files the micro format. That format states no turnover. The gross margin rose from €37,589 in 2019 to €43,476 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODECHIEF
- What is the company number of CODECHIEF?
- The company number of CODECHIEF is 0701.940.203. The VAT number is the same number with BE in front: BE 0701.940.203.
- Where is CODECHIEF based?
- The registered office is at Zoutziedersstraat 5, 8400 Ostend.Company details
- What does CODECHIEF do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of CODECHIEF?
- CODECHIEF is a private limited company (BV).
- When was CODECHIEF founded?
- CODECHIEF was founded on 31-08-2018.
- Is CODECHIEF still active?
- Yes, CODECHIEF is an active enterprise in the KBO register.
- What is the turnover of CODECHIEF?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €43,476 and 84 comparable companies (NACE 62). It probably lies between €110,000 and €190,000.Financials
- Is CODECHIEF profitable?
- In financial year 2025, CODECHIEF made a profit of €18,255.
- Where can I find the annual accounts of CODECHIEF?
- CODECHIEF filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODECHIEF due?
- CODECHIEF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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