CODELABS
ActiveFrom the official registers: KBO 7 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CODELABS has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €56,475 and a net result of -€14,152. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 69% of 3,385 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 10-09-2018 Normal situation
- Legal form
- Private limited company
- Registered office
- Driesstraat 72, 1982 Zemst
- Activity
- Computer programming NACE 62100and 4 others
- Establishment unit
- 2.279.343.909 1982 Zemst, since 10-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€11,655
- ▲ 57.7%
- Loss
- €14,152
- ▼ 54.2%
- Equity
- €56,475
- ▼ 20.0%
- Total assets
- €83,141
- ▼ 34.1%
Why 89raises riskLoss of €14,152, the second in a row (financial year 2025)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €83,141Liquidity: current ratio 1.93, cash €13,171Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, micro): better than 60% on solvency, 38% on liquidity, 5% on profitability and 25% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, abbreviated format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 23-06-2026
- Format
- abbreviated format
- Reference
- 2026-00185511
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €14,955 in 2025 against €31,962 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 3,591 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,261 | €11,355 | €12,986 | €12,726 | €3,498 | €3,437 | €2,451 | ▼ 28.7% |
| Other operating charges640/8 | - | - | €1,035 | €922 | €1,092 | €981 | €751 | ▼ 23.5% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €98 | - |
| Gross operating margin9900 | €48,264 | €50,230 | €39,817 | €36,703 | €24,814 | -€27,545 | -€11,655 | ▲ 57.7% |
| Operating profit (loss)9901 | €35,361 | €37,524 | €25,796 | €23,055 | €20,224 | -€31,962 | -€14,955 | ▲ 53.2% |
| Financial income75/76B | - | - | €400 | €7 | €1,640 | €1,447 | €1,076 | ▼ 25.7% |
| Recurring financial income75 | €42 | €2 | €400 | €7 | €1,640 | €1,447 | €1,076 | ▼ 25.7% |
| Financial charges65/66B | - | - | €285 | €210 | €46 | €144 | €21 | ▼ 85.4% |
| Recurring financial charges65 | €361 | €332 | €285 | €210 | €46 | €144 | €21 | ▼ 85.4% |
| Profit (loss) for the period before taxes9903 | €35,042 | €37,194 | €25,911 | €22,852 | €21,818 | -€30,659 | -€13,900 | ▲ 54.7% |
| Income taxes67/77 | €9,423 | €10,959 | €7,881 | €7,579 | €5,466 | €224 | €253 | ▲ 12.6% |
| Profit (loss) for the period9904 | €25,619 | €26,235 | €18,030 | €15,273 | €16,353 | -€30,883 | -€14,152 | ▲ 54.2% |
| Profit (loss) for the period to be appropriated9905 | €25,619 | €26,235 | €18,030 | €15,273 | €16,353 | -€30,883 | -€14,152 | ▲ 54.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €67,040 | €86,248 | €93,421 | €101,451 | €116,300 | €126,129 | €83,141 | ▼ 34.1% |
| Fixed assets21/28 | €32,233 | €23,340 | €17,211 | €8,191 | €28,693 | €34,243 | €31,694 | ▼ 7.4% |
| Intangible fixed assets21 | €3,100 | €1,550 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €29,133 | €21,790 | €17,211 | €8,191 | €4,693 | €4,243 | €1,694 | ▼ 60.1% |
| Plant, machinery and equipment23 | - | - | €6,818 | €7,703 | €4,400 | €1,831 | €376 | ▼ 79.5% |
| Furniture and vehicles24 | - | - | €10,393 | €488 | €293 | €2,412 | €1,319 | ▼ 45.3% |
| Financial fixed assets28 | - | - | - | - | €24,000 | €30,000 | €30,000 | = |
| Current assets29/58 | €34,807 | €62,908 | €76,210 | €93,260 | €87,608 | €91,886 | €51,446 | ▼ 44.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €27,500 | €27,500 | €15,500 | ▼ 43.6% |
| Other amounts receivable291 | - | - | - | - | €27,500 | €27,500 | €15,500 | ▼ 43.6% |
| Amounts receivable within one year40/41 | - | €612 | - | €13,022 | €40,794 | €56,734 | €16,402 | ▼ 71.1% |
| Trade receivables40 | - | - | - | €13,022 | €40,794 | €5,314 | €2,120 | ▼ 60.1% |
| Other amounts receivable41 | - | - | - | - | - | €51,420 | €14,282 | ▼ 72.2% |
| Cash at bank and in hand54/58 | €31,656 | €59,978 | €73,704 | €77,543 | €15,128 | €2,670 | €13,171 | ▲ 393% |
| Deferred charges and accrued income490/1 | - | - | €2,506 | €2,695 | €4,186 | €4,981 | €6,373 | ▲ 27.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €67,040 | €86,248 | €93,421 | €101,451 | €116,300 | €126,129 | €83,141 | ▼ 34.1% |
| Equity10/15 | €25,620 | €51,854 | €69,885 | €85,158 | €101,510 | €70,627 | €56,475 | ▼ 20.0% |
| Contributions10/11 | €1 | - | €1 | €1 | €1 | €1 | €1 | = |
| Reserves13 | €25,619 | €51,853 | €69,884 | €85,157 | €101,509 | €78,233 | €78,233 | = |
| Non-distributable reserves130/1 | - | - | €6,924 | €6,924 | €6,924 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | €6,924 | €6,924 | €6,924 | €0 | - | - |
| Distributable reserves133 | - | - | €62,960 | €78,233 | €94,585 | €78,233 | €78,233 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | -€7,607 | -€21,759 | ▼ 186% |
| Amounts payable17/49 | €41,420 | €34,394 | €23,536 | €16,293 | €14,790 | €55,502 | €26,666 | ▼ 52.0% |
| Amounts payable after more than one year17 | €16,198 | €6,519 | - | - | - | €6,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | - | - | - | €6,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €24,530 | €27,162 | €22,740 | €15,429 | €14,790 | €49,439 | €26,666 | ▼ 46.1% |
| Current portion of amounts payable after more than one year42 | - | - | €6,519 | - | - | - | €3,333 | - |
| Trade debts44 | €375 | €714 | €1,101 | €1,211 | €2,074 | €1,531 | €3,231 | ▲ 111% |
| Suppliers440/4 | - | - | €1,101 | €1,211 | €2,074 | €1,531 | €3,231 | ▲ 111% |
| Taxes, remuneration and social security45 | - | - | €13,860 | €9,578 | €11,265 | €0 | €253 | - |
| Taxes450/3 | - | - | €13,860 | €9,578 | €11,265 | €0 | €253 | - |
| Other amounts payable47/48 | - | - | €1,260 | €4,640 | €1,451 | €47,908 | €19,849 | ▼ 58.6% |
| Accrued charges and deferred income492/3 | - | - | €796 | €864 | €0 | €62 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,619 | €26,235 | €18,030 | €15,273 | €16,353 | -€30,883 | -€14,152 | ▲ 54.2% |
| + Depreciation and write-downs630 | €11,261 | €11,355 | €12,986 | €12,726 | €3,498 | €3,437 | €2,451 | ▼ 28.7% |
| Operating cash flow (approximation) | €36,880 | €37,590 | €31,016 | €27,999 | €19,851 | -€27,447 | -€11,702 | ▲ 57.4% |
| Investment in fixed assets (approximation) | - | -€2,462 | -€6,857 | -€3,706 | -€24,000 | -€8,987 | €98 | - |
| Change in cash | - | €28,322 | €13,726 | €3,839 | -€62,415 | -€12,458 | €10,501 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-06-2026 | 2026-00185511 | NBB |
| 31-12-2024 | abbreviated format | 09-07-2025 | 2025-00247360 | |
| 31-12-2023 | abbreviated format | 17-06-2024 | 2024-00133300 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00387775 | |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20325133 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-54600554 | |
| 31-12-2019 | abbreviated format | 24-08-2020 | 2020-45100238 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vangrunderbeek Arnoud |
|
Owners and capital
Owners
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23018E0319/00D000 | Flanders | 820 m² | 1 · 119 m² | 7.2 m · 2 |