CodeLaw
ActiveSummary
CodeLaw has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,088 and a net result of €12,690. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 10% of 21,158 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-04-2022 Normal situation
- Activity
- Computer programming NACE 62100and 5 others
- Establishment unit
- 2.331.345.807 4500 Huy, since 25-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 09-01-2026
Board and ownership
- COULEE Annette Marie-Thérèse GhDirector · since 25-04-2022
- MAROT Jean Bernard Victor Mariefounderdeed of 27-04-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €127,898
- ▲ 19.9%
- Turnover
- ≈ €180,000
- estimated
- Profit
- €12,690
- ▲ 322%
- Equity
- €2,088
- Total assets
- €90,176
- ▲ 33.4%
- Employees on 31-12-2025
- 2
- ▼ 33.3%
Score breakdownraises riskFounded in 2022Liquidity: current ratio 0.68, cash €2,949lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €90,176Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro). It does better than 11% of them on solvency, 4% on liquidity, 49% on profitability and 91% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 4 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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is over 3 times that of 2024 and the highest since 2022. It is the third rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 3 | 2 |
| full-time | 2 | 3 | 3 | 2 |
| in full-time equivalents | 2 | 3 | 3 | 2 |
| Average over the year, in full-time equivalents | 1.3 | 1.9 | 2.8 | 2.9 |
| On a permanent contract | 1 | 1 | 2 | 2 |
| Joined | 3 | 2 | 1 | 0 |
| Left | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Overdue debts
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Overdue tax debts | - | - | €1,794 | - |
| Overdue social security (RSZ) debts | - | - | €1,721 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,823 | €6,867 | - | €37,249 |
| Intangible fixed assets | €1,485 | - | - | - |
| Financial fixed assets | €1,160 | - | - | - |
| Depreciation and write-downs of the year | €1,567 | €2,169 | €2,594 | €3,484 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €29,043 | €62,827 | €99,524 | €110,653 | ▲ 11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,567 | €2,169 | €2,594 | €3,484 | ▲ 34.3% |
| Other operating charges640/8 | - | €49 | €39 | €99 | ▲ 154% |
| Gross operating margin9900 | €20,430 | €61,271 | €106,683 | €127,898 | ▲ 19.9% |
| Operating profit (loss)9901 | -€10,179 | -€3,773 | €4,526 | €13,662 | ▲ 202% |
| Financial income75/76B | - | - | €20 | - | - |
| Recurring financial income75 | - | - | €20 | - | - |
| Financial charges65/66B | €743 | €1,416 | €1,535 | €972 | ▼ 36.7% |
| Recurring financial charges65 | €743 | €1,416 | €1,535 | €972 | ▼ 36.7% |
| Profit (loss) for the period before taxes9903 | -€10,923 | -€5,189 | €3,010 | €12,690 | ▲ 322% |
| Profit (loss) for the period9904 | -€10,923 | -€5,189 | €3,010 | €12,690 | ▲ 322% |
| Profit (loss) for the period to be appropriated9905 | -€10,923 | -€5,189 | €3,010 | €12,690 | ▲ 322% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €31,135 | €51,991 | €67,600 | €90,176 | ▲ 33.4% |
| Fixed assets21/28 | €2,902 | €7,600 | €3,845 | €37,610 | ▲ 878% |
| Tangible fixed assets22/27 | €1,742 | €6,440 | €3,845 | €37,610 | ▲ 878% |
| Plant, machinery and equipment23 | - | €1,866 | €1,413 | €960 | ▼ 32.1% |
| Furniture and vehicles24 | €1,742 | €4,574 | €2,432 | €5,013 | ▲ 106% |
| Assets under construction and advance payments27 | - | - | - | €31,637 | - |
| Financial fixed assets28 | €1,160 | €1,160 | - | - | - |
| Current assets29/58 | €28,233 | €44,391 | €63,755 | €52,566 | ▼ 17.5% |
| Amounts receivable within one year40/41 | €3,479 | €28,624 | €54,303 | €36,139 | ▼ 33.4% |
| Trade receivables40 | €3,479 | €28,624 | €54,153 | €36,136 | ▼ 33.3% |
| Other amounts receivable41 | - | - | €150 | €4 | ▼ 97.5% |
| Cash at bank and in hand54/58 | €24,478 | €9,795 | €3,170 | €2,949 | ▼ 6.9% |
| Deferred charges and accrued income490/1 | €276 | €5,972 | €6,282 | €13,477 | ▲ 115% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €31,135 | €51,991 | €67,600 | €90,176 | ▲ 33.4% |
| Equity10/15 | -€8,423 | -€13,612 | -€10,602 | €2,088 | - |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€10,923 | -€16,112 | -€13,102 | -€412 | ▲ 96.9% |
| Amounts payable17/49 | €39,558 | €65,603 | €78,202 | €88,088 | ▲ 12.6% |
| Amounts payable after more than one year17 | €20,510 | €30,684 | €20,695 | €10,470 | ▼ 49.4% |
| Financial debts170/4 | €20,510 | €30,684 | €20,695 | €10,470 | ▼ 49.4% |
| Amounts payable within one year42/48 | €19,047 | €34,217 | €53,456 | €76,953 | ▲ 44.0% |
| Current portion of amounts payable after more than one year42 | €4,490 | €11,402 | €11,239 | €11,474 | ▲ 2.1% |
| Trade debts44 | €1,815 | €2,526 | €3,183 | €31,326 | ▲ 884% |
| Suppliers440/4 | €1,815 | €2,526 | €3,183 | €31,326 | ▲ 884% |
| Taxes, remuneration and social security45 | €12,639 | €20,185 | €39,034 | €34,152 | ▼ 12.5% |
| Taxes450/3 | €3,607 | €6,472 | €14,006 | €10,124 | ▼ 27.7% |
| Remuneration and social security454/9 | €9,032 | €13,713 | €25,028 | €24,029 | ▼ 4.0% |
| Other amounts payable47/48 | €103 | €103 | - | - | - |
| Accrued charges and deferred income492/3 | €0 | €702 | €4,051 | €665 | ▼ 83.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,923 | -€5,189 | €3,010 | €12,690 | ▲ 322% |
| + Depreciation and write-downs630 | €1,567 | €2,169 | €2,594 | €3,484 | ▲ 34.3% |
| Operating cash flow (approximation) | -€9,356 | -€3,020 | €5,605 | €16,174 | ▲ 189% |
| Investment in fixed assets (approximation) | - | -€6,867 | €1,160 | -€37,249 | - |
| Change in cash | - | -€14,683 | -€6,626 | -€220 | ▲ 96.7% |
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, 2,157 companies had the same profile as CodeLaw has now. Two years later, 94.1% were still going and 3.0% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CodeLaw itself is lower: 0.3% within 12 months. It rests on far more data about CodeLaw than the profile alone.
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 2,157 companies, not a prediction for CodeLaw. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- MAROT Jean Bernard Victor Marie sole founder · 100% at incorporation
Capital transactions
- 27-04-2022 Incorporation · 100 shares
Mandate history
- Board
- end not dated
| Name | Functions and periods |
|---|---|
| COULEE Annette Marie-Thérèse Gh |
|
| COULÉE Annette Marie-Thérèse Ghislaine |
|
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 100 shares
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant,moitié à charge du ou des acquéreurs proportionnellement au nombre d’actions acquises, tous cas de cessions entre…”
Articles of association, deed of 27-04-2022 (in French)
Network & group
Companies at the same address
8 other companies- LEGALSTREET AVOCATS Registered office · since 13-01-2026Founded in 2026 1032.950.525
- Pesché, Emma (sole trader) Establishment · since 01-01-2026Founded in 2026 1030.814.347
- ADRIEN BRICHARD - AVOCAT Establishment · since 12-09-2023Founded in 2023 · total assets €94,413 (2025) 0805.702.487
- TERRACOTTA BEAUTY Registered office · since 08-03-2022Founded in 2022 · total assets €1,126 (2024) · negative equity · accounts filed late 0782.993.304
- Wattecamps, Hélène (sole trader) Establishment · since 01-01-2022Founded in 2022 0561.762.434
- Legalstreet Registered office · since 24-12-2009Founded in 2009 · total assets €700,193 (2025) 0821.753.415
- Jodogne, Anne (sole trader) Establishment · since 27-10-1998Founded in 1998 0816.316.861
- Kinet, Martine (sole trader) Establishment · since 01-11-1995Founded in 1993 0814.340.734
Connections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Deeds, filings and financial milestones
27-04
Gazette deed
IncorporationFounder: MAROT Jean Bernard Victor Marie (shareholder and founder) · 100 shares · Appointment: COULÉE Annette Marie-Thérèse Ghislaine (director)6 points ▸
- Incorporation, 22-04-2022
- Founder, MAROT Jean Bernard Victor Marie (shareholder and founder)
- 100 shares
- Registered office clause, avenue Adolphe Chapelle 1, 4500 Huy
- Director appointment, COULÉE Annette Marie-Thérèse Ghislaine (director (not named in the articles))
- Power of attorney, Simon GERARD
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
19 activities
- Le développement informatique
- La création digitale
- Les prestations de services liées à l’informatique,la bureautique et les télécoms et notamment : la création,l’édition ou l’adaptation et la maintenance de programmes informatiques,de logiciels,d’applications desktop ou mobiles
- La réalisation de sites Web à caractère commercial,culturel ou autre
- La sous-traitance en matière de réalisation de projets: étude d’opportunité,analyses,réalisations,test et distribution
- La vente,la distribution ou la mise sous licence de logiciels via le réseau internet ou via support physique
- Offre de formations via sessions actives ou via mise à disposition sur support électronique
- L’achat,la vente,la fabrication,l’importation,l’exportation,la représentation,l’entretien,la maintenance,la réparation,la distribution,la transformation,la location de tout appareil,tout matériel électrique,mécanique,électronique,informatique,audio-visuel,et en général tout biens meubles ; la télématique et les télécommunications
- Le conseil et l’assistance à la clientèle en termes de choix d’équipements informatiques,bureautiques,télécoms,et plus généralement,toutes opérations industrielles,commerciales ou techniques se rapportant à l’informatique,l’électronique et les télécommunications et toutes leurs applications pratiques
- La commercialisation et la distribution de supports médiatiques et commerciaux
- La gestion et la conception de budgets publicitaires,direct marketing et promotionnel ainsi que la vente de biens et services relatifs à la publicité au sens large
- Toutes activités se rapportant au domaine de la communication et notamment la création,la réalisation,l’achat et la vente de tous programmes radiophoniques,audiovisuels et musicaux,y compris les messages publicitaires sous toutes formes ; la vente d’espaces publicitaires radiophoniques ou audiovisuels sous toutes formes
- Toutes activités de marketing et de graphisme. Dans ce cadre elle pourra créer et exploiter tout concept,image,logo et publication,faire de la mise en page,de l’édition,de l’impression et de l’imprimerie. La société pourra en particulier créer et exploiter des CD,tous supports multimédias et sites internet,vendre tout ce qui concerne les multimédias et les produits sur les sites internet
- Toutes fonctions de consultance,de formation et/ou de services liés aux domaines précités
- L'achat,la vente et l'exploitation de tous biens immeubles bâtis ou non bâtis
- Exploiter les terres,pâtures et parcelles boisées faisant partie de son patrimoine ou appartenant à des tiers ; y faire tous travaux forestiers,plantations,semis,entretiens,élagages et vente
- Acquérir,construire,rénover,promouvoir,lotir,urbaniser,vendre et exploiter des mêmes manières tous bâtiments et terrains constructibles ; y faire tous travaux,toutes améliorations,toutes transformations et toutes constructions
- Donner à bail et concéder tous droits réels sur les biens faisant partie de son patrimoine ou appartenant à des tiers
- La promotion immobilière d’immeubles bâtis ou non bâtis,neufs ou non,quelle qu’en soit la destination,en ce compris la réalisation de tout lotissement ou urbanisation
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 61031B0197/00E002 | Wallonia | 364 m² | 1 · 164 m² | 13.6 m · 4 |