Coded Smart
ActiveCoded Smart has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €29k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 90% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability98▼-2
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 11.27 against 6.53 in 2024), and 8.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 62
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.6%
Return on assets
18%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
42 d early
2022
43 d early
2021
46 d early
2020
25 d early
2019
29 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▼ 17.8%
2024 · €181k
2019: €68k
2020: €87k
2021: €105k
2022: €127k
2023: €143k
2024: €181k
2019 → 2025
Total assets
€162k▼ 23.1%
2024 · €211k
2019: €83k
2020: €125k
2021: €137k
2022: €161k
2023: €169k
2024: €211k
2019 → 2025
Net result
€29k▼ 33.6%
2024 · €44k
2019: €61k
2020: €19k
2021: €18k
2022: €22k
2023: €16k
2024: €44k
2019 → 2025
Working capital
€141k▼ 15.8%
2024 · €167k
2019: €65k
2020: €77k
2021: €98k
2022: €120k
2023: €134k
2024: €167k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€105k-€127k▲ 21.2%€143k▲ 12.4%€181k▲ 26.4%€149k▼ 17.8%
Operating result€27k-€32k▲ 21.4%€24k▼ 26.3%€61k▲ 157%€40k▼ 34.6%
Net result€18k-€22k▲ 21.2%€16k▼ 28.8%€44k▲ 177%€29k▼ 33.6%
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 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€8k▼ 42.8%
Current assets
€154k▼ 21.8%
Equity and liabilities €162k
Equity
€149k▼ 17.8%
Debt
€14k▼ 54.8%
The debt ratio falls from 14.3% to 8.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€49k▼
2024 · €70k
Cash flow
€38k▼
2024 · €53k
Solvency
91.6%▲
2024 · 85.7%
Current ratio
11.27▲
2024 · 6.53
Quick ratio
11.27▲
2024 · 6.53
Debt / equity
0.09▼
2024 · 0.17
ROE
19.6%▼
2024 · 24.3%
ROA
18.0%▼
2024 · 20.8%
Interest coverage
59.29▼
2024 · 129.47
Debt
€14k▼
2024 · €30k
Debt ≤ 1 year
€14k▼
2024 · €30k
Income taxes
€13k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€211k€162k▼
Fixed assets21/28€14k€8k▼
Tangible fixed assets22/27€14k€8k▼
Furniture and vehicles24€14k€8k▼
Current assets29/58€197k€154k▼
Amounts receivable after more than one year29€80k€55k▼
Other amounts receivable291€80k€55k▼
Amounts receivable within one year40/41€42k€22k▼
Trade receivables40€40k€15k▼
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€73k€74k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€211k€162k▼
Equity10/15€181k€149k▼
Contributions10/11€1€1=
Reserves13€181k€149k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€181k€149k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€30k€14k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€30k€14k▼
Current portion of amounts payable after more than one year42€6k€1k▼
Trade debts44€3k€339▼
Suppliers440/4€3k€339▼
Taxes, remuneration and social security45€21k€12k▼
Taxes450/3€21k€12k▼
Remuneration and social security454/9€0-
Accrued charges and deferred income492/3€85€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€71k€50k▼
Operating profit (loss)9901€61k€40k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€538€828▲
Recurring financial charges65€538€828▲
Profit (loss) for the period before taxes9903€63k€43k▼
Income taxes67/77€19k€13k▼
Profit (loss) for the period9904€44k€29k▼
Profit (loss) for the period to be appropriated9905€44k€29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€29k▼
Transfer from equity791/2-€61k
Transfer to equity691/2€44k€29k▼
To other reserves6921€44k€29k▼
Profit to be distributed694/7-€61k
Return on contributions (dividend)694-€61k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €150kEq €181k ▲26.4%
6 profitable years in a row build equity to €181k.
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Weakest financial yearnet €16k ▼28.8%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €100kEq €105k ▲21.2%
3 profitable years in a row build equity to €105k.
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Malmedy · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chôdes - Al Gofe 234960 Malmedy1 establishment unit
Coded Smart
since 20182.282.048.229
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Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 6,820 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2018
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.