CODELINK
ActiveSummary
CODELINK has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €173k and a net result of €29k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 90% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 11.23 against 10.28 in 2024; short-term debt: 8.3% and cash: 71.7% of total assets), and 8.3% of the assets are financed with debt.
Credit check for your own amount and term
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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
91.7%
Return on assets
15.5%
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 28-08-2026, 28 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 · 6 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
28 d late
2022
29 d late
2021
6 d early
2020
17 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€173k▲ 20.3%
2024 · €144k
2020: €72klowest in 6 years
2021: €100k▲ +38.8% vs 2020
2022: €127k▲ +26.2% vs 2021
2023: €165k▲ +30.1% vs 2022
2024: €144k▼ -12.8% vs 2023
2025: €173k▲ +20.3% vs 2024highest in 6 years
2020 → 2025
Total assets
€189k▲ 19.9%
2024 · €157k
2020: €99klowest in 6 years
2021: €140k▲ +41.6% vs 2020
2022: €151k▲ +8.4% vs 2021
2023: €189k▲ +25.1% vs 2022highest in 6 years
2024: €157k▼ -16.9% vs 2023
2025: €189k▲ +19.9% vs 2024
2020 → 2025
Net result
€29k▲ 110%
2024 · €14k
2020: €66khighest in 6 years
2021: €28k▼ -57.5% vs 2020
2022: €26k▼ -6.3% vs 2021
2023: €26k▼ -2.1% vs 2022
2024: €14k▼ -46.2% vs 2023lowest in 6 years
2025: €29k▲ +110% vs 2024
2020 → 2025
Working capital
€161k▲ 28.4%
2024 · €125k
2020: €69klowest in 6 years
2021: €96k▲ +38.7% vs 2020
2022: €121k▲ +25.8% vs 2021
2023: €152k▲ +25.6% vs 2022
2024: €125k▼ -17.6% vs 2023
2025: €161k▲ +28.4% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€100k-€127k▲ 26.2%€165k▲ 30.1%€144k▼ 12.8%€173k▲ 20.3%
2021: €100klowest in 5 years
2022: €127k▲ +26.2% vs 2021
2023: €165k▲ +30.1% vs 2022
2024: €144k▼ -12.8% vs 2023
2025: €173k▲ +20.3% vs 2024highest in 5 years
Operating result€37k-€35k▼ 5.3%€34k▼ 1.8%€19k▼ 43.1%€37k▲ 93.9%
2021: €37k
2022: €35k▼ -5.3% vs 2021
2023: €34k▼ -1.8% vs 2022
2024: €19k▼ -43.1% vs 2023lowest in 5 years
2025: €37k▲ +93.9% vs 2024highest in 5 years
Net result€28k-€26k▼ 6.3%€26k▼ 2.1%€14k▼ 46.2%€29k▲ 110%
2021: €28k
2022: €26k▼ -6.3% vs 2021
2023: €26k▼ -2.1% vs 2022
2024: €14k▼ -46.2% vs 2023lowest in 5 years
2025: €29k▲ +110% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 94% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €189k
Fixed assets
€12k ▼ 34.5%
Current assets
€176k ▲ 27.2%
Equity and liabilities €189k
Equity
€173k ▲ 20.3%
Debt
€16k ▲ 16.2%
Debt's share of the balance-sheet total falls from 8.6% to 8.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2024 · €25k
Cash flow
€34k▲
2024 · €20k
Current ratio
11.23▲
2024 · 10.28
Debt to equity
0.09▼
2024 · 0.09
ROE
16.9%▲
2024 · 9.6%
ROA
15.5%▲
2024 · 8.8%
Interest coverage
140.27▲
2024 · 85.58
Debt ≤ 1 year
€16k▲
2024 · €13k
Income taxes
€8k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€157k€189k▲
Fixed assets21/28€19k€12k▼
Tangible fixed assets22/27€18k€12k▼
Land and buildings22€1k€874▼
Plant, machinery and equipment23€68€2k▲
Furniture and vehicles24€17k€9k▼
Financial fixed assets28€150€150=
Current assets29/58€139k€176k▲
Amounts receivable within one year40/41€10k€34k▲
Trade receivables40€9k€34k▲
Other amounts receivable41€821€16▼
Cash at bank and in hand54/58€127k€135k▲
Deferred charges and accrued income490/1€2k€7k▲
Equity and liabilities
Total equity and liabilities10/49€157k€189k▲
Equity10/15€144k€173k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€125k€154k▲
Amounts payable17/49€14k€16k▲
Amounts payable within one year42/48€13k€16k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Taxes, remuneration and social security45€9k€12k▲
Taxes450/3€9k€12k▲
Other amounts payable47/48€922€2k▲
Accrued charges and deferred income492/3€20-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€5k▼
Other operating charges640/8€528€676▲
Gross operating margin9900€26k€43k▲
Operating profit (loss)9901€19k€37k▲
Financial income75/76B€4€8▲
Recurring financial income75€4€8▲
Financial charges65/66B€296€302▲
Recurring financial charges65€296€302▲
Profit (loss) for the period before taxes9903€19k€37k▲
Income taxes67/77€5k€8k▲
Profit (loss) for the period9904€14k€29k▲
Profit (loss) for the period to be appropriated9905€14k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€160k€154k▼
Profit (loss) brought forward from the previous period14P€146k€125k▼
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €3k | €6k | €5k | ▼ 19.8% |
| Other operating charges640/8 | €120 | €502 | €516 | €528 | €676 | ▲ 28.1% |
| Gross operating margin9900 | €38k | €37k | €37k | €26k | €43k | ▲ 66.1% |
| Operating profit (loss)9901 | €37k | €35k | €34k | €19k | €37k | ▲ 93.9% |
| Financial income75/76B | €12 | €0 | €3 | €4 | €8 | ▲ 112% |
| Recurring financial income75 | €12 | €0 | €3 | €4 | €8 | ▲ 112% |
| Financial charges65/66B | €169 | €192 | €280 | €296 | €302 | ▲ 1.8% |
| Recurring financial charges65 | €169 | €192 | €280 | €296 | €302 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €36k | €34k | €34k | €19k | €37k | ▲ 95.3% |
| Income taxes67/77 | €8k | €8k | €8k | €5k | €8k | ▲ 54.8% |
| Profit (loss) for the period9904 | €28k | €26k | €26k | €14k | €29k | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €28k | €26k | €26k | €14k | €29k | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140k | €151k | €189k | €157k | €189k | ▲ 19.9% |
| Fixed assets21/28 | €4k | €6k | €13k | €19k | €12k | ▼ 34.5% |
| Tangible fixed assets22/27 | €4k | €6k | €13k | €18k | €12k | ▼ 34.7% |
| Land and buildings22 | €2k | €1k | €1k | €1k | €874 | ▼ 15.9% |
| Plant, machinery and equipment23 | €390 | €283 | €175 | €68 | €2k | ▲ 2,567% |
| Furniture and vehicles24 | €2k | €4k | €11k | €17k | €9k | ▼ 46.1% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €135k | €146k | €176k | €139k | €176k | ▲ 27.2% |
| Amounts receivable within one year40/41 | €8k | €10k | €10k | €10k | €34k | ▲ 252% |
| Trade receivables40 | €8k | €10k | €10k | €9k | €34k | ▲ 284% |
| Other amounts receivable41 | €3 | €18 | €104 | €821 | €16 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €126k | €134k | €164k | €127k | €135k | ▲ 6.6% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €2k | €7k | ▲ 238% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140k | €151k | €189k | €157k | €189k | ▲ 19.9% |
| Equity10/15 | €100k | €127k | €165k | €144k | €173k | ▲ 20.3% |
| Contributions10/11 | €6k | €6k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €94k | €121k | €146k | €125k | €154k | ▲ 23.3% |
| Amounts payable17/49 | €39k | €25k | €24k | €14k | €16k | ▲ 16.2% |
| Amounts payable within one year42/48 | €39k | €25k | €24k | €13k | €16k | ▲ 16.4% |
| Trade debts44 | €2k | €3k | €3k | €3k | €2k | ▼ 29.4% |
| Suppliers440/4 | €2k | €3k | €3k | €3k | €2k | ▼ 29.4% |
| Taxes, remuneration and social security45 | €37k | €22k | €20k | €9k | €12k | ▲ 28.4% |
| Taxes450/3 | €35k | €22k | €18k | €9k | €12k | ▲ 28.4% |
| Remuneration and social security454/9 | €2k | - | €2k | - | - | - |
| Other amounts payable47/48 | €479 | €524 | €1k | €922 | €2k | ▲ 63.8% |
| Accrued charges and deferred income492/3 | - | - | - | €20 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28k | €26k | €26k | €14k | €29k | ▲ 110% |
| + Depreciation and write-downs630 | €1k | €1k | €3k | €6k | €5k | ▼ 19.8% |
| Operating cash flow (approximation) | €29k | €28k | €29k | €20k | €34k | ▲ 71.0% |
| Investment in fixed assets (approximation) | - | €-3k | €-10k | €-12k | €2k | ▲ 113% |
| Change in cash | - | €8k | €31k | €-38k | €8k | ▲ 122% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Equity above €150kEq €173k ▲20.3%
6 profitable years in a row build equity to €173k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €14k ▼46.2%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Equity above €150kEq €165k ▲30.1%
4 profitable years in a row build equity to €165k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €100k ▲38.8%
2 profitable years in a row build equity to €100k.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Erpe-Mere · 1 establishment unit since 2019
Ground area
1,156 m²
Building footprint
121 m²
Volume, LiDAR
689 m³
Parcel 41040A0590/00K000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CODELINK
since 20192.288.542.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41040A0590/00K000 | Flanders | 1,156 m² | 1 · 121 m² | 9.1 m · 2 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,780 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
Founded24-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46431Wholesale of electrical household appliances and audio-video equipment
77330Rental and leasing activities
82300Organisation of conventions and trade shows
82990Other business support services
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.