CODEDASH
ActiveSummary
CODEDASH has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €181,976 and a net result of €78,631. Its solvency ranks better than 85% of 194 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency100▲+1
Growth52
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 9.28 against 3.82 in 2025; short-term debt: 10.7% and cash: 83.8% of total assets), and 10.7% of the assets are financed with debt.
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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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
89.3%
Return on assets
38.6%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
47 d early
2025
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, micro schema
Turnover
€196,543
EBIT margin
64.7%
Net result
€78,631▼ 21.6%
2025 · €100,344
Working capital
€180,482▲ 78.7%
2025 · €101,012
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20252026
Turnover€196,543-
Operating result€127,244-€95,615▼ 24.9%
Net result€100,344-€78,631▼ 21.6%
EBIT margin64.7%-
Equity€103,344-€181,976▲ 76.1%
Total assets€139,132-€203,771▲ 46.5%
Debt€35,788-€21,796▼ 39.1%
Working capital€101,012-€180,482▲ 78.7%
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 2026; 2026 is 25% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €203,771
Fixed assets
€1,494 ▼ 36.0%
Current assets
€202,278 ▲ 47.9%
Equity and liabilities €203,771
Equity
€181,976 ▲ 76.1%
Debt
€21,796 ▼ 39.1%
Debt's share of the balance-sheet total falls from 25.7% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,454▼
2025 · €127,428
Cash flow
€79,470▼
2025 · €100,529
Current ratio
9.28▲
2025 · 3.82
Debt to equity
0.12▼
2025 · 0.35
ROE
43.2%▼
2025 · 97.1%
ROA
38.6%▼
2025 · 72.1%
Interest coverage
929.49▼
2025 · 1841.45
Debt ≤ 1 year
€21,796▼
2025 · €35,788
Income taxes
€19,832▼
2025 · €27,131
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 39,275 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 | 2025 | 2026 | Change |
|---|---|---|---|
| Turnover70 | €196,543 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €70,917 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184 | €839 | ▲ 355% |
| Other operating charges640/8 | €547 | €218 | ▼ 60.2% |
| Gross operating margin9900 | €127,975 | €96,671 | ▼ 24.5% |
| Operating profit (loss)9901 | €127,244 | €95,615 | ▼ 24.9% |
| Financial income75/76B | €301 | €2,952 | ▲ 881% |
| Recurring financial income75 | €301 | €2,952 | ▲ 881% |
| Financial charges65/66B | €69 | €104 | ▲ 50.0% |
| Recurring financial charges65 | €69 | €104 | ▲ 50.0% |
| Profit (loss) for the period before taxes9903 | €127,475 | €98,463 | ▼ 22.8% |
| Income taxes67/77 | €27,131 | €19,832 | ▼ 26.9% |
| Profit (loss) for the period9904 | €100,344 | €78,631 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €100,344 | €78,631 | ▼ 21.6% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €139,132 | €203,771 | ▲ 46.5% |
| Fixed assets21/28 | €2,332 | €1,494 | ▼ 36.0% |
| Tangible fixed assets22/27 | €2,332 | €1,494 | ▼ 36.0% |
| Furniture and vehicles24 | €2,332 | €1,494 | ▼ 36.0% |
| Current assets29/58 | €136,800 | €202,278 | ▲ 47.9% |
| Amounts receivable within one year40/41 | €19,239 | €29,349 | ▲ 52.6% |
| Trade receivables40 | €19,239 | €27,104 | ▲ 40.9% |
| Other amounts receivable41 | - | €2,245 | - |
| Cash at bank and in hand54/58 | €115,092 | €170,808 | ▲ 48.4% |
| Deferred charges and accrued income490/1 | €2,468 | €2,121 | ▼ 14.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €139,132 | €203,771 | ▲ 46.5% |
| Equity10/15 | €103,344 | €181,976 | ▲ 76.1% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €100,344 | €178,976 | ▲ 78.4% |
| Amounts payable17/49 | €35,788 | €21,796 | ▼ 39.1% |
| Amounts payable within one year42/48 | €35,788 | €21,796 | ▼ 39.1% |
| Trade debts44 | €109 | €145 | ▲ 33.1% |
| Suppliers440/4 | €109 | €145 | ▲ 33.1% |
| Taxes, remuneration and social security45 | €35,679 | €21,651 | ▼ 39.3% |
| Taxes450/3 | €35,679 | €21,651 | ▼ 39.3% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €100,344 | €78,631 | ▼ 21.6% |
| + Depreciation and write-downs630 | €184 | €839 | ▲ 355% |
| Operating cash flow (approximation) | €100,529 | €79,470 | ▼ 20.9% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €55,716 | - |
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 2027, expected by
2026
14-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Liquidity doublescurrent ratio 9.28
Current ratio from 3.82 to 9.28; short-term debt falls from €35,788 to €21,796.
31-03
Financial
Equity above €150,000Eq €181,976 ▲76.1%
2 profitable years in a row build equity to €181,976.
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · 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.
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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, Schaarbeek · 1 establishment unit since 2023
Ground area
9,436 m²
Building footprint
1,460 m²
Volume, LiDAR
19,751 m³
Parcel 21911C0101/00L002, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CODEDASH
since 20232.349.843.707
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21911C0101/00L002 | Brussels | 9,436 m² | 1 · 1,460 m² | 16.8 m · 5 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.
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IAN CORNE IT
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Incourt · Eq €182,058
Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,093 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
Founded14-09-2023
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
63910Web portal activities
63920Other information service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0805823639
Also
9925:BE0805823639
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.