CodemindIT
Open bankruptcyFinancials · financial year 2024, micro format
Equity
€6,775▼ 39.8%
2023 · €11,251
Total assets
€11,314▼ 57.4%
2023 · €26,572
Net result
-€4,476
2023 · €19,481
Working capital
€4,934▲ 9.7%
2023 · €4,496
Trend over the years
2021 to 2024, 4 financial years
The operating result turns negative in 2024: a loss of €4,210 after €19,901 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€4,210
2024
Net result-€4,476
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11,314
2024
Equity€6,775
2024
Debt€4,539
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4,934
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-39.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency59.9%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.29
2024
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).
Every figure with its change against the financial year before
favourable
unfavourable
Line2021202220232024
Operating result€22,492--€28,174€19,901-€4,210
Net result€17,244within the sector's middle half--€28,474below the sector's middle half€19,481within the sector's middle half-€4,476below the sector's middle half
Equity€20,244below the sector's middle half--€8,230below the sector's middle half€11,251below the sector's middle half€6,775below the sector's middle half▼ 39.8%
Total assets€41,592below the sector's middle half-€19,959below the sector's middle half▼ 52.0%€26,572below the sector's middle half▲ 33.1%€11,314below the sector's middle half▼ 57.4%
Debt€21,348-€28,189▲ 32.0%€15,321▼ 45.6%€4,539▼ 70.4%
Working capital€11,829below the sector's middle half--€16,361below the sector's middle half€4,496below the sector's middle half€4,934below the sector's middle half▲ 9.7%
Solvency48.7%within the sector's middle half--41.2%below the sector's middle half▼ 89.9pp42.3%within the sector's middle half▲ 83.6pp59.9%within the sector's middle half▲ 17.5pp
Current ratio2.47within the sector's middle half-0.14below the sector's middle half▼ 2.331.43within the sector's middle half▲ 1.292.29within the sector's middle half▲ 0.86
Return on assets (ROA)41.5%above the sector's middle half--142.7%below the sector's middle half▼ 184.1pp73.3%above the sector's middle half▲ 216.0pp-39.6%below the sector's middle half▼ 112.9pp
above
within
below
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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11,314
Fixed assets
€2,552 ▼ 78.2%
Current assets
€8,762 ▼ 41.1%
Equity and liabilities €11,314
Equity
€6,775 ▼ 39.8%
Debt
€4,539 ▼ 70.4%
Debt's share of the balance-sheet total falls from 57.7% to 40.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,105▼
2023 · €25,471
Cash flow
-€3,370▼
2023 · €25,051
Debt to equity
0.67▼
2023 · 1.36
ROE
-66.1%▼
2023 · 173.1%
Interest coverage
-6.00▼
2023 · 51.18
Debt ≤ 1 year
€3,828▼
2023 · €10,371
Debt > 1 year
€711▼
2023 · €4,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,953 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,341 | €5,547 | €5,570 | €1,106 | ▼ 80.1% |
| Other operating charges640/8 | €467 | €348 | €1,422 | €1,521 | ▲ 7.0% |
| Gross operating margin9900 | €27,300 | -€22,280 | €26,893 | -€1,583 | - |
| Operating profit (loss)9901 | €22,492 | -€28,174 | €19,901 | -€4,210 | - |
| Financial income75/76B | €3 | - | €77 | €253 | ▲ 227% |
| Recurring financial income75 | €3 | - | €77 | €253 | ▲ 227% |
| Financial charges65/66B | €304 | €300 | €498 | €518 | ▲ 4.1% |
| Recurring financial charges65 | €304 | €300 | €498 | €518 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €22,191 | -€28,474 | €19,481 | -€4,476 | - |
| Income taxes67/77 | €4,947 | - | - | - | - |
| Profit (loss) for the period9904 | €17,244 | -€28,474 | €19,481 | -€4,476 | - |
| Profit (loss) for the period to be appropriated9905 | €17,244 | -€28,474 | €19,481 | -€4,476 | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41,592 | €19,959 | €26,572 | €11,314 | ▼ 57.4% |
| Fixed assets21/28 | €21,707 | €17,275 | €11,705 | €2,552 | ▼ 78.2% |
| Tangible fixed assets22/27 | €21,707 | €17,275 | €11,705 | €2,552 | ▼ 78.2% |
| Plant, machinery and equipment23 | - | €915 | €692 | €469 | ▼ 32.2% |
| Furniture and vehicles24 | €21,707 | €16,359 | €11,012 | €1,082 | ▼ 90.2% |
| Other tangible fixed assets26 | - | - | - | €1,000 | - |
| Current assets29/58 | €19,886 | €2,685 | €14,867 | €8,762 | ▼ 41.1% |
| Amounts receivable within one year40/41 | €8,374 | €1,496 | €13,105 | €8,419 | ▼ 35.8% |
| Trade receivables40 | €8,320 | €193 | €8,880 | €594 | ▼ 93.3% |
| Other amounts receivable41 | €53 | €1,303 | €4,224 | €7,825 | ▲ 85.2% |
| Cash at bank and in hand54/58 | €11,509 | €1,188 | €1,763 | €70 | ▼ 96.0% |
| Deferred charges and accrued income490/1 | €3 | - | - | €273 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41,592 | €19,959 | €26,572 | €11,314 | ▼ 57.4% |
| Equity10/15 | €20,244 | -€8,230 | €11,251 | €6,775 | ▼ 39.8% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €17,244 | - | - | - | - |
| Distributable reserves133 | €17,244 | - | - | - | - |
| Profit (loss) carried forward14 | - | -€11,230 | €8,251 | €3,775 | ▼ 54.2% |
| Amounts payable17/49 | €21,348 | €28,189 | €15,321 | €4,539 | ▼ 70.4% |
| Amounts payable after more than one year17 | €13,291 | €9,144 | €4,950 | €711 | ▼ 85.6% |
| Financial debts170/4 | €13,291 | €9,144 | €4,950 | €711 | ▼ 85.6% |
| Amounts payable within one year42/48 | €8,057 | €19,046 | €10,371 | €3,828 | ▼ 63.1% |
| Current portion of amounts payable after more than one year42 | €4,103 | €4,148 | €4,193 | €874 | ▼ 79.1% |
| Trade debts44 | €1,837 | €14,105 | €3,850 | €1,546 | ▼ 59.8% |
| Suppliers440/4 | €1,837 | €14,105 | €3,850 | €1,546 | ▼ 59.8% |
| Taxes, remuneration and social security45 | €2,117 | €793 | €2,328 | €1,407 | ▼ 39.6% |
| Taxes450/3 | €2,117 | €793 | €2,328 | €1,407 | ▼ 39.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,244 | -€28,474 | €19,481 | -€4,476 | - |
| + Depreciation and write-downs630 | €4,341 | €5,547 | €5,570 | €1,106 | ▼ 80.1% |
| Operating cash flow (approximation) | €21,585 | -€22,928 | €25,051 | -€3,370 | - |
| Investment in fixed assets (approximation) | - | -€1,115 | €0 | €8,047 | - |
| Change in cash | - | -€10,320 | €574 | -€1,693 | - |
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 (4)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-07-2025 | 2025-00329885 |
| 31-12-2023 | micro format | 22-08-2024 | 2024-00358671 |
| 31-12-2022 | micro format | 30-07-2023 | 2023-00290742 |
| 31-12-2021 | micro format | 08-08-2022 | 2022-20275875 |
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Of the 29,878 active companies whose main activity is computer consultancy and computer facilities management (NACE 62200), figures are known for 18,812. 7,815 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.