Codelab42
ActiveSummary
Codelab42 has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31,500 and a net result of -€696. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-32
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 15.17 against 13.21 in 2024; short-term debt: 6.6% and cash: 90.5% of total assets), and 6.6% of the assets are financed with debt.
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Signals
Four 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
93.4%
Return on assets
-2.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
30 d late
2023
29 d late
2022
28 d late
2021
27 d late
2020
26 d late
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after 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 (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€31,500▼ 2.2%
2024 · €32,196
Total assets
€33,723▼ 3.2%
2024 · €34,834
Net result
-€696
2024 · €3,724
Working capital
€31,500▼ 2.2%
2024 · €32,196
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
Line20212022202320242025
Operating result€726▲ 7.3%-€6€7,204€5,511▼ 23.5%-€295
Net result€278▼ 16.4%-€421€5,024€3,724▼ 25.9%-€696
Equity€24,869▲ 1.1%€24,448▼ 1.7%€28,972▲ 18.5%€32,196▲ 11.1%€31,500▼ 2.2%
Total assets€28,309▲ 2.0%€28,819▲ 1.8%€30,889▲ 7.2%€34,834▲ 12.8%€33,723▼ 3.2%
Debt€3,441▲ 9.2%€4,371▲ 27.0%€1,917▼ 56.1%€2,638▲ 37.6%€2,223▼ 15.7%
Working capital€24,869▲ 1.1%€24,448▼ 1.7%€28,972▲ 18.5%€32,196▲ 11.1%€31,500▼ 2.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €295 after €5,511 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €33,723
Equity
€31,500 ▼ 2.2%
Debt
€2,223 ▼ 15.7%
Debt's share of the balance-sheet total falls from 7.6% to 6.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
15.17▲
2024 · 13.21
Debt to equity
0.07▼
2024 · 0.08
ROE
-2.2%▼
2024 · 11.6%
ROA
-2.1%▼
2024 · 10.7%
Debt ≤ 1 year
€2,223▼
2024 · €2,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
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 0.2% 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 6,916 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €468 | €619 | €516 | €528 | €544 | ▲ 3.0% |
| Gross operating margin9900 | €1,194 | €613 | €7,720 | €6,039 | €249 | ▼ 95.9% |
| Operating profit (loss)9901 | €726 | -€6 | €7,204 | €5,511 | -€295 | ▼ 105% |
| Financial income75/76B | €7 | - | €0 | €3 | €162 | ▲ 4,887% |
| Recurring financial income75 | €7 | - | €0 | €3 | €162 | ▲ 4,887% |
| Financial charges65/66B | €333 | €414 | €585 | €549 | €563 | ▲ 2.7% |
| Recurring financial charges65 | €333 | €414 | €585 | €549 | €563 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €400 | -€421 | €6,619 | €4,965 | -€696 | ▼ 114% |
| Income taxes67/77 | €123 | - | €1,594 | €1,241 | - | - |
| Profit (loss) for the period9904 | €278 | -€421 | €5,024 | €3,724 | -€696 | ▼ 119% |
| Profit (loss) for the period to be appropriated9905 | €278 | -€421 | €5,024 | €3,724 | -€696 | ▼ 119% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,309 | €28,819 | €30,889 | €34,834 | €33,723 | ▼ 3.2% |
| Current assets29/58 | €28,309 | €28,819 | €30,889 | €34,834 | €33,723 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €22,174 | €3,717 | €2,949 | €598 | €2,887 | ▲ 383% |
| Trade receivables40 | €803 | €474 | €472 | - | - | - |
| Other amounts receivable41 | €21,372 | €3,243 | €2,478 | €598 | €2,887 | ▲ 383% |
| Cash at bank and in hand54/58 | €6,135 | €25,102 | €27,940 | €34,236 | €30,534 | ▼ 10.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €302 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,309 | €28,819 | €30,889 | €34,834 | €33,723 | ▼ 3.2% |
| Equity10/15 | €24,869 | €24,448 | €28,972 | €32,196 | €31,500 | ▼ 2.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Non-distributable reserves130/1 | €2,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | - | - | - | - | - |
| Distributable reserves133 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €2,869 | €2,448 | €6,972 | €10,196 | €9,500 | ▼ 6.8% |
| Amounts payable17/49 | €3,441 | €4,371 | €1,917 | €2,638 | €2,223 | ▼ 15.7% |
| Amounts payable within one year42/48 | €3,441 | €4,371 | €1,917 | €2,638 | €2,223 | ▼ 15.7% |
| Trade debts44 | €1,801 | €2,732 | €1,183 | €788 | €1,303 | ▲ 65.4% |
| Suppliers440/4 | €1,801 | €2,732 | €1,183 | €788 | €1,303 | ▲ 65.4% |
| Taxes, remuneration and social security45 | - | - | €94 | - | - | - |
| Taxes450/3 | - | - | €94 | - | - | - |
| Other amounts payable47/48 | €1,640 | €1,640 | €640 | €1,850 | €920 | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €278 | -€421 | €5,024 | €3,724 | -€696 | ▼ 119% |
| Operating cash flow (approximation) | €278 | -€421 | €5,024 | €3,724 | -€696 | ▼ 119% |
| Change in cash | - | €18,967 | €2,838 | €6,296 | -€3,703 | ▼ 159% |
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 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€696
Net result drops to -€696, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €5,024
Net result €5,024 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 16.11
Current ratio from 6.59 to 16.11; short-term debt falls from €4,371 to €1,917.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 8.80
Current ratio from 2.70 to 8.80; short-term debt falls from €14,304 to €3,152.
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2014
Ground area
480 m²
Building footprint
148 m²
Volume, LiDAR
613 m³
Parcel 44062A0153/00P003, Flanders · tallest building 12.5 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Codelab42
since 20142.229.327.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0153/00P003 | Flanders | 480 m² | 1 · 148 m² | 12.5 m · 1 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.
Similar companies · same sector, comparable size
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BALASEC SOLUTIONS
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THE MAUL STARTUP STUDIO
BE 0777.709.772
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OVERWATCH
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 14,379 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
Founded02-04-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0549984852
Also
9925:BE0549984852
Registered
31-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.