CodeScale
ActiveSummary
CodeScale has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77k and a net result of €31k. Equity is growing by ~38.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.1 against 11.16 in 2023; short-term debt: 32% and cash: 97.7% of total assets), and 32% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
19 d late
2022
31 d early
2021
27 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€77k▲ 5.9%
2023 · €73k
Total assets
€114k▲ 42.0%
2023 · €80k
Net result
€31k▲ 18.9%
2023 · €26k
Working capital
€76k▲ 6.7%
2023 · €72k
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
Line2021202220232024
Operating result€24k-€36k▲ 46.8%€35k▼ 0.7%€41k▲ 17.1%
Net result€17k-€27k▲ 62.3%€26k▼ 2.3%€31k▲ 18.9%
Equity€20k-€47k▲ 138%€73k▲ 56.5%€77k▲ 5.9%
Total assets€30k-€57k▲ 91.5%€80k▲ 40.5%€114k▲ 42.0%
Debt€10k-€10k▲ 2.1%€7k▼ 31.9%€36k▲ 417%
Working capital€18k-€46k▲ 150%€72k▲ 54.9%€76k▲ 6.7%
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 2024; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €114k
Fixed assets
€1k ▼ 33.9%
Current assets
€113k ▲ 43.4%
Equity and liabilities €114k
Equity
€77k ▲ 5.9%
Debt
€36k ▲ 417%
Debt's share of the balance-sheet total rises from 8.8% to 32.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€42k▲
2023 · €35k
Cash flow
€32k▲
2023 · €27k
Current ratio
3.10▼
2023 · 11.16
Debt to equity
0.47▲
2023 · 0.10
ROE
40.6%▲
2023 · 36.1%
ROA
27.6%▼
2023 · 32.9%
Interest coverage
37.31▲
2023 · 26.24
Debt ≤ 1 year
€36k▲
2023 · €7k
Income taxes
€9k▲
2023 · €8k
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 |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €859 | €674 | €116 | €514 | ▲ 343% |
| Other operating charges640/8 | €13k | €486 | €1k | €855 | ▼ 14.7% |
| Gross operating margin9900 | €38k | €37k | €36k | €43k | ▲ 17.3% |
| Operating profit (loss)9901 | €24k | €36k | €35k | €41k | ▲ 17.1% |
| Financial charges65/66B | €949 | €653 | €1k | €1k | ▼ 16.9% |
| Recurring financial charges65 | €949 | €653 | €1k | €1k | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | €23k | €35k | €34k | €40k | ▲ 18.5% |
| Income taxes67/77 | €7k | €8k | €8k | €9k | ▲ 17.0% |
| Profit (loss) for the period9904 | €17k | €27k | €26k | €31k | ▲ 18.9% |
| Profit (loss) for the period to be appropriated9905 | €17k | €27k | €26k | €31k | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €30k | €57k | €80k | €114k | ▲ 42.0% |
| Fixed assets21/28 | €1k | €490 | €2k | €1k | ▼ 33.9% |
| Tangible fixed assets22/27 | €1k | €490 | €2k | €1k | ▼ 33.9% |
| Furniture and vehicles24 | €1k | €490 | €2k | €1k | ▼ 33.9% |
| Current assets29/58 | €29k | €57k | €79k | €113k | ▲ 43.4% |
| Amounts receivable within one year40/41 | - | €259 | - | - | - |
| Other amounts receivable41 | - | €259 | - | - | - |
| Cash at bank and in hand54/58 | €28k | €56k | €78k | €111k | ▲ 41.7% |
| Deferred charges and accrued income490/1 | €837 | €349 | €150 | €2k | ▲ 968% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €30k | €57k | €80k | €114k | ▲ 42.0% |
| Equity10/15 | €20k | €47k | €73k | €77k | ▲ 5.9% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €17k | €44k | €70k | €74k | ▲ 6.1% |
| Amounts payable17/49 | €10k | €10k | €7k | €36k | ▲ 417% |
| Amounts payable within one year42/48 | €10k | €10k | €7k | €36k | ▲ 417% |
| Trade debts44 | €2k | €1k | €2k | €1k | ▼ 35.0% |
| Suppliers440/4 | €2k | €1k | €2k | €1k | ▼ 35.0% |
| Taxes, remuneration and social security45 | €7k | €8k | €3k | €12k | ▲ 371% |
| Taxes450/3 | €7k | €7k | €3k | €12k | ▲ 371% |
| Remuneration and social security454/9 | - | €1k | - | - | - |
| Other amounts payable47/48 | €2k | €1k | €2k | €23k | ▲ 828% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €27k | €26k | €31k | ▲ 18.9% |
| + Depreciation and write-downs630 | €859 | €674 | €116 | €514 | ▲ 343% |
| Operating cash flow (approximation) | €18k | €28k | €27k | €32k | ▲ 20.3% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €28k | €23k | €33k | ▲ 45.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €31k ▲18.9%
Operating result €41k, net result €31k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 11.16
Current ratio from 5.47 to 11.16; short-term debt falls from €10k to €7k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Fontaine-l'Evêque
Ground area
111 m²
Building footprint
60 m²
Parcel 52023B0879/00B003, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52023B0879/00B003 | Wallonia | 111 m² | 1 · 60 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
648863U047MHIY1CW374
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,940 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
Founded22-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Contact
E-mail
siciliano02@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.