CodeKick
ActiveSummary
CodeKick has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,106 and a net result of €3,641. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 16% of 3,396 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-09-2015 Normal situation
- Activity
- Computer programming NACE 62100and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment units
- 2.245.925.528 8820 Torhout, since 14-09-2015
- 2.339.065.522 8820 Torhout, since 17-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 02-02-2026
Board and ownership
Board
- AC PROJECTSDirector · since 01-01-2019 · permanent representative CLAEYS Anthony Frans Agnes
- KECEDirector · since 01-01-2019 · permanent representative CLOET Kevin Willy Günther
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
Annual accounts 2025
- Gross margin
- €2.0m
- ▲ 4.2%
- Turnover
- ≈ €3.4m
- estimated
- Profit
- €3,641
- ▼ 49.2%
- Equity
- €110,106
- ▲ 3.4%
- Total assets
- €2.5m
- ▲ 22.2%
- Employees on 31-12-2025
- 30
- ▲ 3.4%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts lateSize: 28.6 FTE, total assets €2.5mEquity €110,106 (4.3% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 27% of small companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Weak
Solvency
29-1
equity 4.3% of total assets
Liquidity
28+7
short-term debt 55.2% · cash 4.8%
Profitability
48=
return on assets 0.1%
Bankruptcy probability within 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024lowest value
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.8%▲ +0.1 percentage points vs 03-2025
05-2025: 0.8%● unchanged vs 04-2025
06-2025: 0.9%▲ +0.1 percentage points vs 05-2025
07-2025: 1.0%▲ +0.1 percentage points vs 06-2025
08-2025: 1.3%▲ +0.3 percentage points vs 07-2025
09-2025: 1.1%▼ -0.2 percentage points vs 08-2025
10-2025: 1.1%● unchanged vs 09-2025
11-2025: 1.1%● unchanged vs 10-2025
12-2025: 1.1%● unchanged vs 11-2025
01-2026: 1.1%● unchanged vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.1%● unchanged vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -0.7 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.57 (0.51 in 2024), below 1. Short-term debt is 55.2% and cash 4.8% of total assets. 95.7% of the assets are financed with debt and provisions.
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, small). It does better than 13% of them on solvency, 23% on liquidity, 31% on profitability and 41% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 3396 sector peers (2025).
NBB · sector comparisonPosition among 3396 sector peers
Solvency
better than 16%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
31 days late
2024
26 days late
2023
97 days late
2022
30 days late
2021
2 days late
2020
10 days late
2019
20 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 31 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 30 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489552.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 10 filings
Turnover
≈ €3.4m
Estimated: probably between €2.7m and €4.1m
Total assets
€2.5m▲ 22.2%
2024 · €2.1m
Net result
€3,641▼ 49.2%
2024 · €7,165
Working capital
-€598,334▲ 2.3%
2024 · -€612,306
In the rankings
#1 company by total assets in Torhout, Telecoms and IT sector#5 employer in Torhout#10 company by equity in Torhout, Telecoms and IT sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€204,949
▲ 47.2%
2025
20182025
Net result
€3,641
▼ 49.2%
2025
middle half of the sector
20182025
Equity
€110,106
▲ 3.4%
2025
middle half of the sector
20182025
Total assets
€2.5m
▲ 22.2%
2025
highest quarter of the sector
20182025
Debt
€2.4m
▲ 23.2%
2025
20182025
Working capital
-€598,334
▲ 2.3%
2025
lowest quarter of the sector
20182025
Solvency
4.3%
▼ 0.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.57
▲ 0.07
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.1%
▼ 0.2pp
2025
middle half of the sector
20182025
Staff (FTE)
28.6
▲ 5.5%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.004m-€0.04m▲ 972%€0.03m▼ 34.1%€0.06m▲ 110%€0.05m▼ 21.4%€0.06m▲ 35.1%€0.1m▲ 126%€0.2m▲ 47.2%
Net result-€0.001m-€0.03m€0.01mwithin the sector's middle half▼ 53.6%€0.03mwithin the sector's middle half▲ 156%€0.01mwithin the sector's middle half▼ 68.0%€0.004mwithin the sector's middle half▼ 61.8%€0.007mwithin the sector's middle half▲ 80.1%€0.004mwithin the sector's middle half▼ 49.2%
Equity€0.01m-€0.04m▲ 224%€0.05mwithin the sector's middle half▲ 32.1%€0.08mwithin the sector's middle half▲ 62.3%€0.1mwithin the sector's middle half▲ 12.3%€0.1mwithin the sector's middle half▲ 4.2%€0.1mwithin the sector's middle half▲ 7.2%€0.1mwithin the sector's middle half▲ 3.4%
Total assets€0.6m-€0.7m▲ 13.7%€1.0mabove the sector's middle half▲ 50.5%€1.3mabove the sector's middle half▲ 30.2%€1.6mabove the sector's middle half▲ 25.1%€1.8mabove the sector's middle half▲ 12.2%€2.1mabove the sector's middle half▲ 16.4%€2.5mabove the sector's middle half▲ 22.2%
Debt€0.6m-€0.6m▲ 9.2%€0.9m▲ 51.7%€1.2m▲ 28.4%€1.5m▲ 26.0%€1.7m▲ 12.7%€2.0m▲ 17.0%€2.4m▲ 23.2%
Working capital-€0.2m--€0.2m▼ 0.8%-€0.2mbelow the sector's middle half▼ 18.0%-€0.2mbelow the sector's middle half▲ 4.1%-€0.4mbelow the sector's middle half▼ 91.3%-€0.5mbelow the sector's middle half▼ 37.2%-€0.6mbelow the sector's middle half▼ 19.1%-€0.6mbelow the sector's middle half▲ 2.3%
Solvency2.1%-6.1%▲ 4.0pp5.3%below the sector's middle half▼ 0.7pp6.7%below the sector's middle half▲ 1.3pp6.0%below the sector's middle half▼ 0.7pp5.5%below the sector's middle half▼ 0.4pp5.1%below the sector's middle half▼ 0.4pp4.3%below the sector's middle half▼ 0.8pp
Current ratio0.53-0.44▼ 0.090.46below the sector's middle half▲ 0.020.64below the sector's middle half▲ 0.180.57below the sector's middle half▼ 0.070.54below the sector's middle half▼ 0.030.51below the sector's middle half▼ 0.030.57below the sector's middle half▲ 0.07
Return on assets (ROA)-0.2%-4.2%▲ 4.4pp1.3%below the sector's middle half▼ 2.9pp2.6%below the sector's middle half▲ 1.3pp0.7%below the sector's middle half▼ 1.9pp0.2%within the sector's middle half▼ 0.4pp0.3%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half▼ 0.2pp
Staff (FTE)4.1-6.5▲ 58.5%8.4above the sector's middle half▲ 29.2%16▲ 90.5%18.9▲ 18.1%0below the sector's middle half▼ 100%27.1above the sector's middle half28.6above the sector's middle half▲ 5.5%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 47% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Large changes and their cause
- 2023 Staff (FTE) -100% on 2022. The accounts now follow the abbreviated format, last year the micro format.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.7m ▲ 19.2%
Current assets
€806,843 ▲ 29.2%
Equity and liabilities €2.5m
Equity
€110,106 ▲ 3.4%
Debt
€2.4m ▲ 23.2%
Debt's share of the balance-sheet total rises from 94.9% to 95.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€556,336▲
2024 · €390,122
Cash flow
€355,029▲
2024 · €258,018
Debt to equity
22.13▲
2024 · 18.58
ROE
3.3%▼
2024 · 6.7%
Interest coverage
3.47▼
2024 · 3.48
Debt ≤ 1 year
€1.4m▲
2024 · €1.2m
Debt > 1 year
€970,808▲
2024 · €691,534
Income taxes
€40,981▲
2024 · €20,000
Staff costs
€1.4m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 17 | 19 | 29 | 30 |
| full-time | 15 | 17 | 26 | 24 |
| part-time | 2 | 2 | 3 | 6 |
| in full-time equivalents | 16 | 18.4 | 28.4 | 28.9 |
| Average over the year, in full-time equivalents | 16 | 18.9 | 27.1 | 28.6 |
| On a permanent contract | 17 | 19 | 29 | 30 |
| Joined | - | 4 | 7 | 2 |
| Left | - | 2 | 1 | 1 |
| Training hours | - | 24 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €67,494 | €2,225 | €2,917 | €7,041 | €29,114 |
| Intangible fixed assets | €200,000 | €350,000 | €320,000 | €516,000 | €625,500 |
| Depreciation and write-downs of the year | €146,551 | €177,201 | €215,190 | €250,852 | €351,387 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €11,730 awarded · €11,730 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €7,500 | €7,500 |
| 2024 | 1 | €1,048 | €1,048 |
| 2022 | 1 | €3,182 | €3,182 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.5m | €0.9m | €1.3m | €1.5m | €1.4m | ▼ 5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 40.1% |
| Other operating charges640/8 | - | - | - | €0.004m | €0.02m | €0.009m | €0.01m | €0.005m | ▼ 64.4% |
| Gross operating margin9900 | €0.2m | €0.3m | €0.4m | €0.7m | €1.1m | €1.6m | €1.9m | €2.0m | ▲ 4.2% |
| Operating profit (loss)9901 | €0.004m | €0.04m | €0.03m | €0.06m | €0.05m | €0.06m | €0.1m | €0.2m | ▲ 47.2% |
| Financial income75/76B | - | - | - | €362 | €10 | €188 | €0 | - | - |
| Recurring financial income75 | €316 | €466 | €284 | €362 | €10 | €188 | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €0.03m | €0.05m | €0.1m | €0.2m | ▲ 43.0% |
| Recurring financial charges65 | €0.004m | €0.008m | €0.01m | €0.02m | €0.03m | €0.05m | €0.1m | €0.2m | ▲ 43.0% |
| Profit (loss) for the period before taxes9903 | -€489 | €0.03m | €0.01m | €0.04m | €0.02m | €0.01m | €0.03m | €0.04m | ▲ 64.3% |
| Income taxes67/77 | €442 | €0.002m | €0.001m | €0.008m | €0.009m | €0.01m | €0.02m | €0.04m | ▲ 105% |
| Profit (loss) for the period9904 | -€0.001m | €0.03m | €0.01m | €0.03m | €0.01m | €0.004m | €0.007m | €0.004m | ▼ 49.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.001m | €0.03m | €0.01m | €0.03m | €0.01m | €0.004m | €0.007m | €0.004m | ▼ 49.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.6m | €0.7m | €1.0m | €1.3m | €1.6m | €1.8m | €2.1m | €2.5m | ▲ 22.2% |
| Fixed assets21/28 | €0.4m | €0.5m | €0.8m | €0.9m | €1.1m | €1.2m | €1.5m | €1.7m | ▲ 19.2% |
| Intangible fixed assets21 | €0.07m | €0.1m | €0.2m | €0.3m | €0.6m | €0.7m | €1.1m | €1.4m | ▲ 29.4% |
| Tangible fixed assets22/27 | €0.3m | €0.4m | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 8.1% |
| Land and buildings22 | - | - | - | €0.5m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.003m | €0.004m | €0.01m | ▲ 273% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.08m | €0.04m | €0.02m | €0.004m | ▼ 72.9% |
| Current assets29/58 | €0.2m | €0.1m | €0.2m | €0.3m | €0.5m | €0.6m | €0.6m | €0.8m | ▲ 29.2% |
| Amounts receivable within one year40/41 | €0.2m | €0.1m | €0.1m | €0.3m | €0.4m | €0.6m | €0.6m | €0.7m | ▲ 16.4% |
| Trade receivables40 | - | - | - | €0.3m | €0.4m | €0.6m | €0.6m | €0.7m | ▲ 16.4% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.04m | €0.08m | €0.07m | €0.01m | €0.03m | €0.1m | ▲ 304% |
| Deferred charges and accrued income490/1 | - | - | - | €0.003m | €0.009m | €0.008m | €0.01m | €0.008m | ▼ 38.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.6m | €0.7m | €1.0m | €1.3m | €1.6m | €1.8m | €2.1m | €2.5m | ▲ 22.2% |
| Equity10/15 | €0.01m | €0.04m | €0.05m | €0.08m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 3.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.006m | €0.02m | €0.02m | €0.07m | €0.08m | €0.08m | €0.09m | €0.09m | ▲ 4.1% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.06m | €0.07m | €0.08m | €0.09m | €0.09m | ▲ 4.1% |
| Profit (loss) carried forward14 | -€0.01m | - | €0.01m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €0.6m | €0.9m | €1.2m | €1.5m | €1.7m | €2.0m | €2.4m | ▲ 23.2% |
| Amounts payable after more than one year17 | €0.2m | €0.3m | €0.5m | €0.6m | €0.6m | €0.6m | €0.7m | €1.0m | ▲ 40.4% |
| Financial debts170/4 | - | - | - | €0.6m | €0.6m | €0.6m | €0.4m | €0.8m | ▲ 89.2% |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.3m | €0.2m | ▼ 36.2% |
| Amounts payable within one year42/48 | €0.4m | €0.3m | €0.4m | €0.5m | €0.9m | €1.1m | €1.2m | €1.4m | ▲ 13.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.07m | €0.07m | €0.06m | €0.2m | €0.2m | ▼ 9.2% |
| Financial debts43 | - | - | - | €0.07m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 65.0% |
| Credit institutions430/8 | - | - | - | €0.07m | €0.1m | €0.2m | €0.2m | €0.4m | ▲ 65.0% |
| Trade debts44 | €0.1m | €0.04m | €0.07m | €0.2m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 5.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.5m | €0.5m | €0.5m | €0.6m | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.3m | €0.2m | €0.1m | ▼ 7.2% |
| Taxes450/3 | - | - | - | €0.08m | €0.1m | €0.1m | €0.04m | €0.03m | ▼ 35.6% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.06m | €0.2m | €0.1m | €0.1m | ▲ 2.6% |
| Other amounts payable47/48 | - | - | - | €0.08m | €0.08m | €0.06m | €0.06m | €0.08m | ▲ 42.3% |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.006m | €0.02m | €0.05m | €0.06m | ▲ 21.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€931 | €27,389 | €12,716 | €32,583 | €10,421 | €3,979 | €7,165 | €3,641 | ▼ 49.2% |
| + Depreciation and write-downs630 | €51,681 | €84,285 | €124,209 | €146,551 | €177,201 | €215,190 | €250,852 | €351,387 | ▲ 40.1% |
| Operating cash flow (approximation) | €50,749 | €111,673 | €136,925 | €179,135 | €187,622 | €219,169 | €258,018 | €355,029 | ▲ 37.6% |
| Investment in fixed assets (approximation) | - | -€218,478 | -€417,532 | -€267,494 | -€352,225 | -€308,979 | -€513,838 | -€630,991 | ▼ 22.8% |
| Change in cash | - | -€14,372 | €23,173 | €37,686 | -€7,650 | -€54,949 | €15,825 | €91,523 | ▲ 478% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,448 companies had the same profile as CodeKick has now. Two years later, 95.6% were still going and 2.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
95.6%
was still going
2.1%
stopped otherwise
2.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CodeKick itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,448 companies, not a prediction for CodeKick. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00489552 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00415028 | |
| 31-12-2023 | abbreviated format | 05-11-2024 | 2024-00529637 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00402071 | |
| 31-12-2021 | micro format | 02-08-2022 | 2022-20261913 | |
| 31-12-2020 | micro format | 10-08-2021 | 2021-47400064 | |
| 31-12-2019 | micro format | 20-08-2020 | 2020-43000045 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-62200100 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-60600081 | |
| 31-12-2016 | abbreviated format | 17-08-2017 | 2017-44300600 |
Board & ownership
Directors
Directors
2 directors, last change in 2023
Board 2
AC PROJECTS
Current
Director (not named in the articles) · since 01-01-2019 · earlier niet statutaire zaakvoerder thans bestuurder genaamd, until 27-10-2023 · term without a fixed end · Private limited company · permanent representative: CLAEYS Anthony Frans Agnes · listed in the 2025 annual accounts, filed on 31-08-2026
KECE
Current
Director (not named in the articles) · since 01-01-2019 · earlier niet statutaire zaakvoerder thans bestuurder genaamd, until 27-10-2023 · term without a fixed end · Limited partnership · permanent representative: CLOET Kevin Willy Günther · listed in the 2025 annual accounts, filed on 31-08-2026
Permanent representatives 2
CLAEYS Anthony Frans Agnes
Current
Permanent representative · appointed in the act of 27-10-2023 · for AC PROJECTS
CLOET Kevin Willy Günther
Current
Permanent representative · appointed in the act of 27-10-2023 · for KECE
Owners and capital
Capital transactions
Capital over time
- 27-10-2023 Converted to unavailable equity
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AC PROJECTS |
|
| KECE |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1”
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met WVV-vermeldingen”
Articles of association, deed of 27-10-2023 (in Dutch)
Network & group
CodeKick shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of CodeKick. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
31-08
abbreviated format · 31 days late
2025
26-08
abbreviated format · 26 days late
2024
31-12
Financial
Equity above €100,000equity €106,464 ▲7.2%
After 6 profitable years in a row, equity reaches €106,464.
05-11
abbreviated format · 97 days late
2023
27-10
Gazette deed
2 directors appointed, 2 directors resigningChanges of role: KECE (director) and AC PROJECTS (director) · Permanent representatives: CLOET Kevin Willy Günther and CLAEYS Anthony Frans Agnes · Amendment of the articles16 points ▸
Gazette deed
2 directors appointed, 2 directors resigning
Changes of role: KECE (director) and AC PROJECTS (director) · Permanent representatives: CLOET Kevin Willy Günther and CLAEYS Anthony Frans Agnes · Amendment of the articles16 points ▸
- General meeting, 25-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening aangelegd per artikel 39,§2,tweede lid, integraal beschikbaar maken voor uitkering” (deed in Dutch)
- Other provision, “aandeelhouders voor zoveel als nodig, ontheffing volstortingsplicht aandelen” (deed in Dutch)
- Kind of shares, 186, “gelijk recht in winstverdeling” (deed in Dutch)
- Director resignation, KECE (niet statutaire zaakvoerder thans bestuurder genaamd)
- Director resignation, AC PROJECTS (niet statutaire zaakvoerder thans bestuurder genaamd)
- Director appointment, KECE (director (not named in the articles))
- Director appointment, AC PROJECTS (director (not named in the articles))
- Other provision, “uitoefening mandaat, kwijting ontslagnemende zaakvoerders thans bestuurders” (deed in Dutch)
- Permanent representative, CLOET Kevin Willy Günther
- The act holds 4 more points.
30-08
micro format · 30 days late
2022
02-08
micro format · 2 days late
2021
31-12
Financial
Highest result from 2018 to 2025net €32,583 ▲156%
The net result of €32,583 is the highest of those years.
10-08
micro format · 10 days late
2020
20-08
micro format · 20 days late
2019
31-12
Financial
Back to profitnet €27,389
The net result is €27,389, after one loss-making year.
30-08
micro format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CodeKick in Dutch
Enterprise number
0637.720.263
Legal form
Private limited company
Status
Active, normale toestand
Founded
14-09-2015
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-10-2023 (in Dutch)Registered office and establishments
Registered office
Bruggestraat 137, 8820 Torhout, Belgium
Establishment units
CodeKick, Bruggestraat 137, 8820 Torhout since 14-09-2015 · unit number 2.245.925.528
Blox software, Ambachtstraat 14, 8820 Torhout since 17-12-2022 · unit number 2.339.065.522
Activities
NACEBEL 2025VAT activities
62100
Computer programming main activity
62200
Computer consultancy and computer facilities management
95100
Repair and maintenance of computers and communication equipment
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
VAT activities
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
95110
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0637.720.263
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the addresses
Ground area
3,629 m²
Building footprint
535 m²
Building volume
875 m³
Tallest building: 9.8 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31522B0434/00T000 | Flanders | 1,894 m² | 1 · 357 m² | 5.2 m |
| 31522C0842/00L002 | Flanders | 1,735 m² | 1 · 179 m² | 9.8 m · 1 |