CODECREATOR
ActiveSummary
CODECREATOR has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €90,772 and a net result of €5,798. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▼-29
Solvency53▼-47
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 4.21 in 2023; short-term debt: 10.9% and cash: 9.2% of total assets), but 72.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
27.8%
Return on assets
1.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 20783 sector peers (2024).
NBB · sector comparisonPosition among 20783 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
41 d early
2021
40 d early
2020
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€90,772▲ 5.8%
2023 · €85,807
Total assets
€326,931▲ 202%
2023 · €108,288
Net result
€5,798▼ 81.1%
2023 · €30,669
Working capital
€31,255▼ 56.7%
2023 · €72,171
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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
Line20202021202220232024
Operating result€58,705-€5,026▼ 91.4%€26,358▲ 424%€44,875▲ 70.3%€17,800▼ 60.3%
Net result€42,511above the sector's middle half-€2,370below the sector's middle half▼ 94.4%€17,233within the sector's middle half▲ 627%€30,669within the sector's middle half▲ 78.0%€5,798within the sector's middle half▼ 81.1%
Equity€41,568within the sector's middle half-€43,938within the sector's middle half▲ 5.7%€55,971within the sector's middle half▲ 27.4%€85,807within the sector's middle half▲ 53.3%€90,772within the sector's middle half▲ 5.8%
Total assets€94,874within the sector's middle half-€81,298within the sector's middle half▼ 14.3%€76,496within the sector's middle half▼ 5.9%€108,288within the sector's middle half▲ 41.6%€326,931above the sector's middle half▲ 202%
Debt€53,306-€37,360▼ 29.9%€20,525▼ 45.1%€22,481▲ 9.5%€236,159▲ 950%
Working capital€33,181-€32,362▼ 2.5%€41,459▲ 28.1%€72,171▲ 74.1%€31,255▼ 56.7%
Solvency43.8%within the sector's middle half-54.0%within the sector's middle half▲ 10.2pp73.2%within the sector's middle half▲ 19.1pp79.2%within the sector's middle half▲ 6.1pp27.8%below the sector's middle half▼ 51.5pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 2024; 2024 is 60% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €326,931
Fixed assets
€260,055 ▲ 1,807%
Current assets
€66,876 ▼ 29.3%
Equity and liabilities €326,931
Equity
€90,772 ▲ 5.8%
Debt
€236,159 ▲ 950%
Debt's share of the balance-sheet total rises from 20.8% to 72.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,258▲
2023 · €48,234
Cash flow
€43,256▲
2023 · €34,027
Current ratio
1.88▼
2023 · 4.21
Debt to equity
2.60▲
2023 · 0.26
ROE
6.4%▼
2023 · 35.7%
ROA
1.8%▼
2023 · 28.3%
Interest coverage
7.28▼
2023 · 49.36
Debt ≤ 1 year
€35,621▲
2023 · €22,481
Debt > 1 year
€200,538
Income taxes
€4,413▼
2023 · €13,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,270 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.1%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,270 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €275 | €275 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,996 | €3,645 | €2,895 | €3,358 | €37,458 | ▲ 1,015% |
| Other operating charges640/8 | - | €491 | €812 | €543 | €2,997 | ▲ 452% |
| Gross operating margin9900 | €62,062 | €9,438 | €30,340 | €48,776 | €58,256 | ▲ 19.4% |
| Operating profit (loss)9901 | €58,705 | €5,026 | €26,358 | €44,875 | €17,800 | ▼ 60.3% |
| Financial income75/76B | - | €1 | €1 | €0 | €0 | - |
| Recurring financial income75 | €1 | €1 | €1 | €0 | €0 | - |
| Financial charges65/66B | - | €927 | €1,012 | €977 | €7,589 | ▲ 677% |
| Recurring financial charges65 | €324 | €927 | €1,012 | €977 | €7,589 | ▲ 677% |
| Profit (loss) for the period before taxes9903 | €58,382 | €4,101 | €25,347 | €43,898 | €10,211 | ▼ 76.7% |
| Income taxes67/77 | €15,871 | €1,731 | €8,114 | €13,230 | €4,413 | ▼ 66.6% |
| Profit (loss) for the period9904 | €42,511 | €2,370 | €17,233 | €30,669 | €5,798 | ▼ 81.1% |
| Profit (loss) for the period to be appropriated9905 | €42,511 | €2,370 | €17,233 | €30,669 | €5,798 | ▼ 81.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,874 | €81,298 | €76,496 | €108,288 | €326,931 | ▲ 202% |
| Fixed assets21/28 | €18,283 | €15,257 | €14,512 | €13,636 | €260,055 | ▲ 1,807% |
| Tangible fixed assets22/27 | €18,283 | €15,257 | €14,512 | €13,636 | €260,055 | ▲ 1,807% |
| Land and buildings22 | - | €3,069 | €3,784 | €3,047 | €251,112 | ▲ 8,140% |
| Furniture and vehicles24 | - | €12,188 | €10,727 | €10,589 | €8,943 | ▼ 15.5% |
| Current assets29/58 | €76,591 | €66,041 | €61,984 | €94,652 | €66,876 | ▼ 29.3% |
| Amounts receivable within one year40/41 | €10,758 | €11,219 | €11,208 | €17,257 | €28,997 | ▲ 68.0% |
| Trade receivables40 | - | €11,190 | €11,190 | €12,874 | €24,430 | ▲ 89.8% |
| Other amounts receivable41 | - | €29 | €18 | €4,383 | €4,567 | ▲ 4.2% |
| Cash at bank and in hand54/58 | €65,219 | €46,470 | €44,821 | €69,967 | €30,194 | ▼ 56.8% |
| Deferred charges and accrued income490/1 | - | €8,351 | €5,955 | €7,428 | €7,686 | ▲ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,874 | €81,298 | €76,496 | €108,288 | €326,931 | ▲ 202% |
| Equity10/15 | €41,568 | €43,938 | €55,971 | €85,807 | €90,772 | ▲ 5.8% |
| Contributions10/11 | - | €6,200 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | €35,368 | €37,728 | €54,971 | €84,807 | €89,772 | ▲ 5.9% |
| Distributable reserves133 | - | €37,728 | €54,971 | €84,807 | €89,772 | ▲ 5.9% |
| Profit (loss) carried forward14 | - | €10 | - | €0 | €0 | - |
| Amounts payable17/49 | €53,306 | €37,360 | €20,525 | €22,481 | €236,159 | ▲ 950% |
| Amounts payable after more than one year17 | €9,896 | €3,681 | - | - | €200,538 | - |
| Financial debts170/4 | - | €3,681 | - | - | €200,538 | - |
| Amounts payable within one year42/48 | €43,410 | €33,679 | €20,525 | €22,481 | €35,621 | ▲ 58.4% |
| Current portion of amounts payable after more than one year42 | - | €6,215 | €3,681 | €12,500 | €10,637 | ▼ 14.9% |
| Trade debts44 | €6,176 | €1,408 | €1,065 | €1,011 | €3,145 | ▲ 211% |
| Suppliers440/4 | - | €1,408 | €1,065 | €1,011 | €3,145 | ▲ 211% |
| Taxes, remuneration and social security45 | - | €25,014 | €14,550 | €7,987 | €16,701 | ▲ 109% |
| Taxes450/3 | - | €25,014 | €12,270 | €7,987 | €16,701 | ▲ 109% |
| Remuneration and social security454/9 | - | - | €2,280 | €0 | - | - |
| Other amounts payable47/48 | - | €1,042 | €1,230 | €982 | €5,138 | ▲ 423% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,511 | €2,370 | €17,233 | €30,669 | €5,798 | ▼ 81.1% |
| + Depreciation and write-downs630 | €2,996 | €3,645 | €2,895 | €3,358 | €37,458 | ▲ 1,015% |
| Operating cash flow (approximation) | €45,507 | €6,015 | €20,128 | €34,027 | €43,256 | ▲ 27.1% |
| Investment in fixed assets (approximation) | - | -€619 | -€2,150 | -€2,482 | -€283,877 | ▼ 11,335% |
| Change in cash | - | -€18,749 | -€1,649 | €25,146 | -€39,774 | ▼ 258% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €2,370 ▼94.4%
Net result drops to €2,370, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Aarschot · 1 establishment unit since 2019
Ground area
174 m²
Building footprint
91 m²
Parcel 24662E0062/00E011, Flanders. Linked by address, not a title deed.
1 establishment unit
CODECREATOR
since 20192.284.401.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662E0062/00E011 | Flanders | 174 m² | 1 · 91 m² | - |
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.
Similar companies · same sector, comparable size
IBK CONSULT IT
BE 0798.750.062
Anderlecht · Eq €90,782
Zawaco
BE 1007.160.601
Waregem · Eq €90,792
ApiEngi
BE 0846.845.533
Brussel · Eq €90,838
Zoli
BE 0801.293.442
Tessenderlo-Ham · Eq €90,844
OA MANAGEMENT & SOLUTIONS
BE 0639.904.446
Schaarbeek · Eq €90,873
Of 16,911 companies in sector 62100 we hold annual accounts for 8,778. 6,961 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
Founded10-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
77330Rental and leasing activities
82300Organisation of conventions and trade shows
85599Other education
95100Repair and maintenance of computers and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0717950250
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.