Active BE 1002.035.833Private limited company

Codemans

Kalverbergstraat 3 ·3290 Diest, Belgium· 2 yrs active

Sector: Computer consultancy and computer facilities management (62200)

Conclusion Checked

Codemans has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-4k. Its solvency ranks better than 23% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€7k
Net result	€-4k
Better than sector	23%
Active	2 yrs

Financial profile 5 of 5 axes measured · computed by Checked

31 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 25

Profitability 0

Solvency 17

Growth 32

Stability 82

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

25 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

48 2024

25 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.74 (< 1.0) -10

Leverage Debt/equity 4.88 (> 3.0) -10

Profitability Negatieve ROE -65% -10

Interest coverage Interest coverage 3.9× (≥ 3×) +8

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 17-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	17.0%	62.1%	better than 23% of 2768 sector peers
Net result	€-4k	€39k	better than 9% of 2770 sector peers
Equity	€7k	€62k	better than 18% of 2769 sector peers
Gross operating margin	€6k	€62k	better than 11% of 2770 sector peers
Total assets	€39k	€121k	better than 11% of 2770 sector peers

EBITDA

€4k

-80.5% 24-25

Net profit

€-4k

- 24-25

Cash flow

€3k

-82.6% 24-25

Total assets

€39k

-27.0% 24-25

Equity

€7k

-39.4% 24-25

Working capital

€-7k

-214.6% 24-25

Income taxes

€132

-95.2% 24-25

Debt

€33k

-23.8% 24-25

Debt ≤ 1y

€25k

-9.6% 24-25

Debt > 1y

€7k

-51.2% 24-25

Current ratio

0.74

-19.9% 24-25

Quick ratio

0.74

-19.9% 24-25

Solvency

17.0%

-17.0% 24-25

Debt / equity

4.88

+25.7% 24-25

ROE

-64.9%

- 24-25

ROA

-11.0%

- 24-25

Interest coverage

3.94

-70.4% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€4k	€23k
Net profit	€-4k	€9k
Cash flow	€3k	€18k
Staff costs	-	-
Income taxes	€132	€3k
Dividends	-	-
Total assets	€39k	€54k
Equity	€7k	€11k
Debt	€33k	€43k
of which ≤ 1y	€25k	€28k
of which > 1y	€7k	€15k
Working capital	€-7k	€-2k
Employees (FTE)	-	-

Ratios (computed)

	2025	2024
Current ratio	0.74	0.93
Quick ratio	0.74	0.93
Working capital ratio	-16.8%	-3.9%
Solvency	17.0%	20.5%
Debt / equity	4.88	3.88
Long-term debt ratio	1.07	1.32
Interest coverage	3.94	13.32
Gross margin	-	-
Net margin	-	-
ROA	-11.0%	15.9%
ROE	-64.9%	77.3%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2025

Assets

Fixed assets €20k · 52.0% Current assets €19k · 48.0%

Equity & liabilities

Equity €7k · 17.0% Debt €33k · 83.0%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€39k	€54k
Fixed assets	21/28	€20k	€28k
Tangible fixed assets	22/27	€20k	€28k
Current assets	29/58	€19k	€26k
Amounts receivable within one year	40/41	€18k	€15k
Cash & bank	54/58	€588	€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€39k	€54k
Equity	10/15	€7k	€11k
Contributions / capital	10/11	€3k	€3k
Reserves	13	€4k	€9k
Amounts payable	17/49	€33k	€43k
Amounts payable after one year	17	€7k	€15k
Amounts payable within one year	42/48	€25k	€28k
Trade debts payable within one year	44	€9k	€5k
Income statement
Gross operating margin	9900	€6k	€24k
Operating result	9901	€-3k	€13k
Financial income	75	€17	€16
Financial charges	65	€1k	€2k
Result before taxes	9903	€-4k	€11k
Income taxes	67/77	€132	€3k
Net result for the period	9904	€-4k	€9k
Result to be appropriated	9905	€-4k	€9k

Legal Structure

NACE primary	Computer consultancy and computer facilities management(62200)
Legal form	Private limited company(610)
Incorporation	07-11-2023
Status	Active
Postal code	3290

Establishment units 1 location

Codemans

Kalverbergstraat 3, 3290 DiestComputer programming, consultancy and related activities

since 20232.351.701.157

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24097F0168/00E002	Flanders	543 m²	1 · 95 m²	0.0 m

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 2 events

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 17 days late

2025

30-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

IT consultancy62020Computer consultancy and computer facilities management62200Computer programming, consultancy and related activities62010Computer programming62100Other business support services82990

Names & trade names

Legal nameNL

Codemans

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