CodeKick
ActiveCodeKick has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €4k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 2678 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48=
Solvency29▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.51 in 2024; short-term debt: 55.2% and cash: 4.8% of total assets), and 95.7% 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 →
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
4.3%
Return on assets
0.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2678 sector peers (2025).
NBB · sector comparisonPosition among 2678 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
97 d late
2022
30 d late
2021
2 d late
2020
10 d late
2019
20 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€110k▲ 3.4%
2024 · €106k
2018: €12k
2019: €40k
2020: €52k
2021: €85k
2022: €95k
2023: €99k
2024: €106k
2018 → 2025
Total assets
€2.55M▲ 22.2%
2024 · €2.08M
2018: €572k
2019: €651k
2020: €979k
2021: €1.28M
2022: €1.60M
2023: €1.79M
2024: €2.08M
2018 → 2025
Net result
€4k▼ 49.2%
2024 · €7k
2018: €-931
2019: €27k
2020: €13k
2021: €33k
2022: €10k
2023: €4k
2024: €7k
2018 → 2025
Working capital
€-598k▲ 2.3%
2024 · €-612k
2018: €-172k
2019: €-173k
2020: €-204k
2021: €-196k
2022: €-375k
2023: €-514k
2024: €-612k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€95k▲ 12.3%€99k▲ 4.2%€106k▲ 7.2%€110k▲ 3.4%
Operating result€58k-€46k▼ 21.4%€62k▲ 35.1%€139k▲ 126%€205k▲ 47.2%
Net result€33k-€10k▼ 68.0%€4k▼ 61.8%€7k▲ 80.1%€4k▼ 49.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 47% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.55M
Fixed assets
€1.74M▲ 19.2%
Current assets
€807k▲ 29.2%
Equity and liabilities €2.55M
Equity
€110k▲ 3.4%
Debt
€2.44M▲ 23.2%
The debt ratio rises from 94.9% to 95.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€556k▲
2024 · €390k
Cash flow
€355k▲
2024 · €258k
Solvency
4.3%▼
2024 · 5.1%
Current ratio
0.57▲
2024 · 0.51
Quick ratio
0.57▲
2024 · 0.51
Debt / equity
22.13▲
2024 · 18.58
ROE
3.3%▼
2024 · 6.7%
ROA
0.1%▼
2024 · 0.3%
Interest coverage
3.47▼
2024 · 3.48
Debt
€2.44M▲
2024 · €1.98M
Debt ≤ 1 year
€1.41M▲
2024 · €1.24M
Debt > 1 year
€971k▲
2024 · €692k
Income taxes
€41k▲
2024 · €20k
Staff costs
€1.40M▼
2024 · €1.48M
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€2.08M€2.55M▲
Fixed assets21/28€1.46M€1.74M▲
Intangible fixed assets21€1.06M€1.37M▲
Tangible fixed assets22/27€398k€366k▼
Land and buildings22€379k€347k▼
Plant, machinery and equipment23€4k€14k▲
Furniture and vehicles24€15k€4k▼
Current assets29/58€625k€807k▲
Amounts receivable within one year40/41€582k€678k▲
Trade receivables40€582k€678k▲
Cash at bank and in hand54/58€30k€122k▲
Deferred charges and accrued income490/1€12k€8k▼
Equity and liabilities
Total equity and liabilities10/49€2.08M€2.55M▲
Equity10/15€106k€110k▲
Contributions10/11€19k€19k=
Reserves13€88k€92k▲
Distributable reserves133€88k€92k▲
Amounts payable17/49€1.98M€2.44M▲
Amounts payable after more than one year17€692k€971k▲
Financial debts170/4€422k€799k▲
Other amounts payable178/9€269k€172k▼
Amounts payable within one year42/48€1.24M€1.41M▲
Current portion of amounts payable after more than one year42€247k€224k▼
Financial debts43€234k€386k▲
Credit institutions430/8€234k€386k▲
Trade debts44€539k€566k▲
Suppliers440/4€539k€566k▲
Taxes, remuneration and social security45€161k€150k▼
Taxes450/3€41k€27k▼
Remuneration and social security454/9€120k€123k▲
Other amounts payable47/48€56k€79k▲
Accrued charges and deferred income492/3€49k€60k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.48M€1.40M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€251k€351k▲
Other operating charges640/8€14k€5k▼
Gross operating margin9900€1.88M€1.96M▲
Operating profit (loss)9901€139k€205k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€112k€160k▲
Recurring financial charges65€112k€160k▲
Profit (loss) for the period before taxes9903€27k€45k▲
Income taxes67/77€20k€41k▲
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€4k▼
Transfer to equity691/2€7k€4k▼
To other reserves6921€7k€4k▼
Social balance
Average headcount (FTE)908727.128.6▲
The notes to these accounts (18 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
31-12
Financial
Equity above €100kEq €106k ▲7.2%
6 profitable years in a row build equity to €106k.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 97 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-12
Financial
Highest result since 2018net €33k ▲156%
Net result €33k, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Torhout · 2 establishment units since 2015
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.
Bruggestraat 1378820 TorhoutGround area
3,629 m²
Building footprint
535 m²
Volume, LiDAR
258 m³
2 parcels, Flanders · tallest building 5.2 m. Linked by address, not a title deed.
2 establishment units
CodeKick
since 20152.245.925.528
Blox software
since 20222.339.065.522
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31522B0434/00T000 | Flanders | 1,894 m² | 1 · 357 m² | 5.2 m |
| 31522C0842/00L002 | Flanders | 1,735 m² | 1 · 179 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 11,730 EUR awarded · 11,730 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,500 EUR | 7,500 EUR |
| 2024 | 1 | 1,048 EUR | 1,048 EUR |
| 2022 | 1 | 3,182 EUR | 3,182 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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CARTHACODES
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SODEGO
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Vorselaar · Eq €110k
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Olen · Eq €110k
Of 16,874 companies in sector 62100 we hold annual accounts for 8,779. 6,964 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-09-2015
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.