Equity
€172,868 ▲ 20.3%
CODELINK has made a profit in every financial year since 2020.
CODELINK
Lifetime
6 annual accounts with figures on one time axispeak €85,733 (2020)
€42,972▲ 66.1%
peak €66,113 (2020)
€29,145▲ 110%
peak €172,868 (2025)
€172,868▲ 20.3%
€15,709▲ 16.2%
Board1 name since 2019
1 directorKoen WELLEKENS
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €25,879 to €42,972Result from €13,850 to €29,145Equity from €143,722 to €172,868Debts from €13,515 to €15,709
Key points
from the 2025 annual accountsFilings
6 annual accounts 4 late
The 2022 accounts came latest: 29 days after the end of the period.
Position in the sector
91.7%
Higher solvency than 90% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Checked score
97
Excellent
Financially stronger than 74% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 11.23, cash €135,230
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €172,868 (91.7% of total assets)
Size: total assets €188,576
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 85% of them on solvency, 96% on liquidity, 51% on profitability and 66% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as CODELINK has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODELINK itself is lower: < 0.1% within 12 months. It rests on far more data about CODELINK than the profile alone.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for CODELINK. 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.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.23 (10.28 in 2024), above the usual 1.5. Short-term debt is 8.3% and cash 71.7% of total assets. 8.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 days late
2024
27 days late
2023
28 days late
2022
29 days late
2021
6 days early
2020
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 15 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 28 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
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0725644726
Change of role: Koen WELLEKENS, from manager to director
Director discharge: Koen WELLEKENS · General meeting of 19-04-2024 · Gazette deed
Incorporation
Founders: Koen WELLEKENS and VENNEMAN Nathalie · Founding capital of €18,600, 100 shares, €6,200 paid up · Appointment: Koen WELLEKENS (manager) · published on 26-04-2019 · Gazette deed
First establishment
Oudenaardsesteenweg 432, Erpe-Mere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODELINK Erpe-Mere | €188,576 | €42,972 | 91.7% | - |
| Prachtech Sint-Niklaas | €188,429 | €44,163 | 94.6% | - |
| METAVISION Haaltert | €190,711 | €39,345 | 47.0% | - |
| Healthblocks Ghent | €193,512 | €48,718 | -140.6% | 0 |
| ICHIGO Sint-Genesius-Rode | €178,474 | €46,291 | 14.2% | - |
| IKONODULE Ottignies-Louvain-la-Neuve | €174,226 | €44,505 | 73.9% | - |
| ONE MAN ARMY Ath | €178,057 | €41,512 | 96.8% | - |
These companies have the same main activity as CODELINK: computer programming (NACE 62100). They are comparable in size and age: total assets between €174,000 and €194,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 24-04-2019Normal situation
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.288.542.9729420 Erpe-Mere, since 24-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 13-11-2025
Insights on CODELINK
CODELINK files the micro format. That format states no turnover. The gross margin fell from €85,733 in 2020 to €42,972 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODELINK
- What is the company number of CODELINK?
- The company number of CODELINK is 0725.644.726. The VAT number is the same number with BE in front: BE 0725.644.726.
- Where is CODELINK based?
- The registered office is at Oudenaardsesteenweg 432, 9420 Erpe-Mere.Company details
- What does CODELINK do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of CODELINK?
- CODELINK is a private limited company (BV).
- When was CODELINK founded?
- CODELINK was founded on 24-04-2019.
- Is CODELINK still active?
- Yes, CODELINK is an active enterprise in the KBO register.
- What is the turnover of CODELINK?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €42,972 and 84 comparable companies (NACE 62). It probably lies between €110,000 and €190,000.Financials
- Is CODELINK profitable?
- In financial year 2025, CODELINK made a profit of €29,145.
- Where can I find the annual accounts of CODELINK?
- CODELINK filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODELINK due?
- CODELINK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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