CODEMINE
ActiveSummary
CODEMINE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,167 and a net result of €45,331. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-6
Solvency72▼-28
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.86 against 11.58 in 2024; short-term debt: 52.6% and cash: 27.3% of total assets), but 52.6% of the assets are financed with debt.
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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
47.4%
Return on assets
14.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
143 d early
2023
21 d early
2022
31 d early
2021
6 d early
2020
25 d early
2019
9 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,167▼ 41.7%
2024 · €250,570
Total assets
€308,412▲ 12.8%
2024 · €273,417
Net result
€45,331▼ 16.2%
2024 · €54,121
Working capital
€140,252▼ 42.0%
2024 · €241,635
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,089▲ 42.5%€71,340▲ 29.5%€62,540▼ 12.3%€72,019▲ 15.2%€60,534▼ 15.9%
Net result€38,448▲ 42.9%€48,460▲ 26.0%€39,976▼ 17.5%€54,121▲ 35.4%€45,331▼ 16.2%
Equity€108,012▲ 55.3%€156,473▲ 44.9%€196,448▲ 25.5%€250,570▲ 27.5%€146,167▼ 41.7%
Total assets€139,867▲ 48.3%€183,558▲ 31.2%€220,048▲ 19.9%€273,417▲ 24.3%€308,412▲ 12.8%
Debt€31,854▲ 28.7%€27,085▼ 15.0%€23,600▼ 12.9%€22,848▼ 3.2%€162,245▲ 610%
Working capital€105,098▲ 52.6%€154,382▲ 46.9%€194,944▲ 26.3%€241,635▲ 24.0%€140,252▼ 42.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,412
Fixed assets
€5,916 ▼ 33.8%
Current assets
€302,497 ▲ 14.4%
Equity and liabilities €308,412
Equity
€146,167 ▼ 41.7%
Debt
€162,245 ▲ 610%
Debt's share of the balance-sheet total rises from 8.4% to 52.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66,114▼
2024 · €74,471
Cash flow
€50,911▼
2024 · €56,573
Current ratio
1.86▼
2024 · 11.58
Debt to equity
1.11▲
2024 · 0.09
ROE
31.0%▲
2024 · 21.6%
ROA
14.7%▼
2024 · 19.8%
Interest coverage
11.08▼
2024 · 55.22
Debt ≤ 1 year
€162,245▲
2024 · €22,848
Income taxes
€16,180▼
2024 · €19,802
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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €337 | €824 | €587 | €2,452 | €5,580 | ▲ 128% |
| Other operating charges640/8 | €501 | €870 | €1,002 | €1,320 | €1,240 | ▼ 6.1% |
| Gross operating margin9900 | €55,927 | €73,033 | €64,130 | €75,790 | €67,353 | ▼ 11.1% |
| Operating profit (loss)9901 | €55,089 | €71,340 | €62,540 | €72,019 | €60,534 | ▼ 15.9% |
| Financial income75/76B | €3 | €0 | €56 | €3,252 | €6,944 | ▲ 114% |
| Recurring financial income75 | €3 | €0 | €56 | €3,252 | €6,944 | ▲ 114% |
| Financial charges65/66B | €1,383 | €2,215 | €2,006 | €1,349 | €5,967 | ▲ 342% |
| Recurring financial charges65 | €1,383 | €2,215 | €2,006 | €1,349 | €5,967 | ▲ 342% |
| Profit (loss) for the period before taxes9903 | €53,709 | €69,125 | €60,590 | €73,923 | €61,511 | ▼ 16.8% |
| Income taxes67/77 | €15,261 | €20,665 | €20,615 | €19,802 | €16,180 | ▼ 18.3% |
| Profit (loss) for the period9904 | €38,448 | €48,460 | €39,976 | €54,121 | €45,331 | ▼ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €38,448 | €48,460 | €39,976 | €54,121 | €45,331 | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €139,867 | €183,558 | €220,048 | €273,417 | €308,412 | ▲ 12.8% |
| Fixed assets21/28 | €2,915 | €2,091 | €1,504 | €8,934 | €5,916 | ▼ 33.8% |
| Tangible fixed assets22/27 | €2,915 | €2,091 | €1,504 | €8,934 | €5,916 | ▼ 33.8% |
| Furniture and vehicles24 | €2,915 | €2,091 | €1,504 | €8,934 | €5,916 | ▼ 33.8% |
| Current assets29/58 | €136,952 | €181,467 | €218,544 | €264,483 | €302,497 | ▲ 14.4% |
| Amounts receivable within one year40/41 | €15,075 | €13,692 | €14,994 | €12,637 | €10,442 | ▼ 17.4% |
| Trade receivables40 | €13,640 | €13,271 | €14,399 | €12,154 | €10,442 | ▼ 14.1% |
| Other amounts receivable41 | €1,435 | €422 | €595 | €483 | €0 | ▼ 100% |
| Current investments50/53 | - | - | €83,000 | €154,000 | €207,000 | ▲ 34.4% |
| Cash at bank and in hand54/58 | €118,414 | €166,350 | €119,085 | €97,015 | €84,194 | ▼ 13.2% |
| Deferred charges and accrued income490/1 | €3,462 | €1,425 | €1,465 | €830 | €861 | ▲ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €139,867 | €183,558 | €220,048 | €273,417 | €308,412 | ▲ 12.8% |
| Equity10/15 | €108,012 | €156,473 | €196,448 | €250,570 | €146,167 | ▼ 41.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €95,612 | €144,073 | €184,048 | €238,170 | €133,767 | ▼ 43.8% |
| Distributable reserves133 | €95,612 | €144,073 | €184,048 | €238,170 | €133,767 | ▼ 43.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €31,854 | €27,085 | €23,600 | €22,848 | €162,245 | ▲ 610% |
| Amounts payable within one year42/48 | €31,854 | €27,085 | €23,600 | €22,848 | €162,245 | ▲ 610% |
| Trade debts44 | €1,105 | €667 | €635 | €1,550 | €1,285 | ▼ 17.2% |
| Suppliers440/4 | €1,105 | €667 | €635 | €1,550 | €1,285 | ▼ 17.2% |
| Taxes, remuneration and social security45 | €15,397 | €6,799 | €11,856 | €4,162 | €8,004 | ▲ 92.3% |
| Taxes450/3 | €15,397 | €5,899 | €11,856 | €4,162 | €8,004 | ▲ 92.3% |
| Remuneration and social security454/9 | - | €900 | €0 | - | - | - |
| Other amounts payable47/48 | €15,352 | €19,620 | €11,109 | €17,135 | €152,957 | ▲ 793% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,448 | €48,460 | €39,976 | €54,121 | €45,331 | ▼ 16.2% |
| + Depreciation and write-downs630 | €337 | €824 | €587 | €2,452 | €5,580 | ▲ 128% |
| Operating cash flow (approximation) | €38,785 | €49,284 | €40,563 | €56,573 | €50,911 | ▼ 10.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€9,882 | -€2,561 | ▲ 74.1% |
| Change in cash | - | €47,935 | -€47,265 | -€22,069 | -€12,822 | ▲ 41.9% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €54,121 ▲35.4%
Operating result €72,019, net result €54,121, both a record.
31-12
Financial
Equity above €200,000Eq €250,570 ▲27.5%
6 profitable years in a row build equity to €250,570.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €156,473 ▲44.9%
4 profitable years in a row build equity to €156,473.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €108,012 ▲55.3%
3 profitable years in a row build equity to €108,012.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €26,903 ▼11.1%
Net result drops to €26,903, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Herent · 1 establishment unit since 2019
Ground area
949 m²
Building footprint
152 m²
Volume, LiDAR
747 m³
Parcel 24422D0173/00Z000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Codemine
since 20192.289.149.322
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24422D0173/00Z000 | Flanders | 949 m² | 1 · 152 m² | 7.5 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 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,857 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
Founded16-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
82990Other business support services
Contact
Website
codemine.be
E-mail
a.vanhumbeeck@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.