Equity
CodeSense has made a profit in every financial year since 2021.
CodeSense has made a profit in every financial year since 2021.
In 2025, nobody joined and 8 people left.
Short-term debts fell from €529,889 to €452,636.
The 2024 accounts came latest: 26 days after the end of the period.
Higher gross margin than 90% of companies in computer programming and consultancy. Sector median €283,387 · 1,283 companies.
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, small). It does better than 80% of them on solvency, 36% on liquidity, 78% on profitability and 48% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 6,782 companies had the same profile as CodeSense has now. Each dot stands for 17 companies, two years later.
That fits the bankruptcy probability of CodeSense itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,782 companies, not a prediction for CodeSense. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 3.07 (2.21 in 2024), above the usual 1.5. Short-term debt is 31.9% and cash 0.9% of total assets. 32% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 5 accounts on average 10 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CodeSense Kontich | €3.5m | 11.2% | 68.0% | 26.1 |
| Sinch Belgium Antwerp | €5.1m | -31.2% | 21.8% | 22.2 |
| NALIOS Namur | €3.2m | 26.1% | 0.1% | 21.4 |
| Lytix Boortmeerbeek | €5.6m | 10.3% | 59.3% | 26.7 |
| NEXEO BELGIUM Brussels | - | - | 48.0% | 35.5 |
| Eurofins GSC Transformation & Operational Excellence SA Auderghem | - | - | 5.3% | 29.2 |
| Belgium Management Support Etterbeek | - | - | 40.9% | 21.5 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CodeSense: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €1.2m and €1.7m, founded between 2018 and 2021.
CodeSense has existed since 2020. Turnover fell from €5.4m in 2021 to €3.5m in 2025, while staff rose from 15.3 to 26.1 full-time equivalents.
Solvency rose in 2025 from 57.6% to 68.0% because of the retained profit and lower debts.
Kapture holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 79% of 1,691 companies in 2025.
Higher than 78% of 1,658 companies in 2025.
Higher than 81% of 1,673 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 8 people left. Training hours in 2025: 271.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
20/58 |
1.4m | 1.3m | 1.2m | 872,239 | 1.0m | |
21/28 |
32,582 | 81,264 | 194,564 | 288,158 | 311,254 | |
21 |
15,000 | 50,833 | 150,833 | 250,833 | 275,833 | |
22/27 |
17,582 | 30,431 | 43,691 | 37,284 | 35,381 | |
23 |
17,582 | 30,410 | 42,876 | 35,053 | 31,733 | |
24 |
- | - | 630 | 1,882 | 3,135 | |
26 |
- | 21 | 185 | 349 | 513 | |
28 |
- | - | 40 | 40 | 40 | |
29/58 |
1.4m | 1.2m | 1.0m | 584,081 | 690,225 | |
40/41 |
1.3m | 1.1m | 949,372 | 507,109 | 604,057 | |
40 |
533,418 | 545,323 | 530,426 | 435,019 | 343,828 | |
41 |
814,507 | 580,976 | 418,946 | 72,091 | 260,228 | |
54/58 |
12,564 | 14,687 | 33,872 | 17,701 | 38,098 | |
490/1 |
27,133 | 30,638 | 49,323 | 59,271 | 48,071 | |
| Balance sheet: equity and liabilities | ||||||
10/49 |
1.4m | 1.3m | 1.2m | 872,239 | 1.0m | |
10/15 |
965,613 | 721,953 | 514,837 | 318,252 | 220,305 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
902,820 | 659,350 | 452,200 | 255,200 | 157,200 | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
132 |
92,620 | 63,150 | - | - | - | |
133 |
804,000 | 590,000 | 446,000 | 249,000 | 151,000 | |
14 |
793 | 603 | 637 | 1,052 | 1,105 | |
16 |
1,310 | 141 | - | - | - | |
160/5 |
1,310 | 141 | - | - | - | |
160 |
1,310 | 141 | - | - | - | |
17/49 |
453,280 | 530,793 | 712,294 | 553,987 | 781,174 | |
42/48 |
452,636 | 529,889 | 711,563 | 549,582 | 781,174 | |
44 |
158,061 | 180,817 | 336,710 | 219,007 | 156,735 | |
440/4 |
158,061 | 180,817 | 336,710 | 219,007 | 156,735 | |
45 |
287,575 | 349,072 | 374,853 | 330,575 | 264,439 | |
450/3 |
99,373 | 122,432 | 146,814 | 116,836 | 98,155 | |
454/9 |
188,202 | 226,640 | 228,039 | 213,739 | 166,284 | |
47/48 |
7,000 | - | - | - | 360,000 | |
492/3 |
645 | 905 | 731 | 4,405 | - | |
| Income statement | ||||||
70 |
3.5m | 3.9m | 3.7m | 3.1m | 5.4m | |
76A |
218 | - | - | - | - | |
9900 |
2.4m | 2.7m | 2.4m | 2.1m | 2.3m | |
60/61 |
1.1m | 1.2m | 1.3m | 1.1m | 3.1m | |
62 |
1.9m | 2.2m | 1.9m | 1.8m | 1.9m | |
630 |
53,516 | 126,888 | 127,964 | 121,032 | 165,028 | |
631/4 |
1,168 | 141 | - | - | - | |
640/8 |
10,395 | 14,557 | 7,808 | 7,312 | 8,036 | |
66A |
- | 632 | - | - | - | |
9901 |
389,453 | 352,171 | 337,627 | 181,907 | 289,462 | |
75/76B |
9,422 | 4,710 | 462 | 103 | 361 | |
75 |
9,422 | 4,710 | 462 | 103 | 361 | |
65/66B |
54,532 | 59,687 | 42,385 | 34,050 | 41,418 | |
65 |
54,532 | 59,687 | 42,385 | 34,050 | 41,418 | |
9903 |
344,343 | 297,194 | 295,703 | 147,961 | 248,405 | |
67/77 |
100,682 | 90,079 | 99,118 | 50,014 | 90,100 | |
9904 |
243,661 | 207,115 | 196,585 | 97,947 | 158,305 | |
689 |
29,470 | 63,150 | - | - | - | |
9905 |
214,191 | 143,965 | 196,585 | 97,947 | 158,305 | |
| Appropriation of the result | ||||||
9906 |
214,793 | 144,603 | 197,637 | 99,052 | 158,305 | |
14P |
603 | 637 | 1,052 | 1,105 | - | |
691/2 |
214,000 | 144,000 | 197,000 | 98,000 | 157,200 | |
6920 |
- | - | - | - | 6,200 | |
6921 |
214,000 | 144,000 | 197,000 | 98,000 | 151,000 | |
| Social balance sheet | ||||||
9087 |
26.1 | 31.1 | 29.1 | 28 | 15.3 | |
Hours worked1013 |
43,695 | 52,347 | 47,247 | 46,235 | 47,446 | |
| Document | ||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00430938.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-08-2026 | 2026-00430938 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00445901 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00289139 | |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00316867 | |
| 31-12-2021 | abbreviated format | 05-08-2022 | 2022-20276804 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €14,185 | €14,185 |
| 2023 | 1 | €1,295 | €1,295 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| 442,969 | 479,059 | 465,590 | 302,939 | 454,490 | ||
| 297,177 | 334,004 | 324,549 | 218,978 | 323,334 | ||
| 5,722 | 17,249 | 36,819 | 97,935 | 475,173 | ||
| -2,123 | -19,185 | 16,171 | -20,397 | - | ||
| 934,986 | 641,735 | 321,004 | 34,500 | -90,949 | ||
| 11.2% | 9.0% | 9.2% | 5.9% | 5.4% | ||
| 68.0% | 57.6% | 42.0% | 36.5% | 22.0% | ||
| 3.07 | 2.21 | 1.45 | 1.06 | 0.88 | ||
| 0.47 | 0.74 | 1.38 | 1.74 | 3.55 | ||
| 25.2% | 28.7% | 38.2% | 30.8% | 71.9% | ||
| 17.2% | 16.5% | 16.0% | 11.2% | 15.8% | ||
| 8.12 | 8.03 | 10.98 | 8.90 | 10.97 | ||
| 56 days | 51 days | 53 days | 51 days | 23 days | ||
| 51 days | 53 days | 93 days | 75 days | 18 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 30 | 30 | 29 | 27 |
| full-time | 21 | 30 | 29 | 29 | 27 |
| part-time | 1 | - | 1 | - | - |
| in full-time equivalents | 21.9 | 30 | 29.8 | 29 | 27 |
| 26.1 | 31.1 | 29.1 | 28 | 15.3 | |
| On a permanent contract | 22 | 30 | 30 | 29 | 27 |
| Joined | 0 | 5 | 4 | 6 | 31 |
| Left | 8 | 5 | 3 | 4 | 4 |
| Training hours | 271 | 679 | 1,146 | 568 | 1,472 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,722 | €17,249 | €36,819 | €22,935 | €50,133 |
| Intangible fixed assets | - | - | - | €75,000 | €425,000 |
| Financial fixed assets | - | - | - | - | €40 |
| €53,516 | €126,888 | €127,964 | €121,032 | €165,028 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 11% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 42.4% to 31.9%. Equity is higher and debt is lower.
Further up the chainCrossPoint Solutions 100%De Cronos Groep 100%Nuclys 95.22%
Source: shareholder structure in its own accounts, parent in its own accounts
Source: list of holdings in the 2025 accounts of Kapture. Every holding stands with its own latest accounts.
Part of the group Nuclys Group, risk and exposure| Interligo
registered office since 28-06-2006 · founded in 2006 · group Nuclys |
30 FTE (2025) 0881.856.989 |
| KONO CONSULTANTS
registered office since 28-07-2000 · founded in 2000 · group Nuclys |
3.1 FTE (2025) 0471.279.052 |
| Biztory Belgium
registered office since 13-02-2018 · founded in 2018 · group Nuclys |
23 FTE (2025) 0690.558.638 |
| DYNATOS
registered office since 25-03-2014 · founded in 2014 · group Nuclys |
23 FTE (2025) 0548.976.052 |
| Dynatos Holding
registered office since 22-01-2016 · founded in 2016 · negative equity (2025) · group Nuclys |
turnover €1.9m (2025) 0646.891.317 |
| Datalumen
registered office since 28-04-2015 · founded in 2015 · group Nuclys |
5.5 FTE (2025) 0628.954.334 |
| Big Industries
registered office since 07-11-2008 · founded in 2008 · group Nuclys |
16 FTE (2025) 0807.729.292 |
| Specified
registered office since 27-05-2019 · founded in 2019 · group Nuclys |
5 FTE (2025) 0727.537.711 |
| Biztory
registered office since 19-01-2015 · founded in 2015 · group Nuclys |
1 FTE (2025) 0568.854.619 |
| Pulse!
registered office since 27-07-2022 · founded in 2022 · group Nuclys |
19 FTE (2025) 0788.915.549 |
| J-Crafters via CrossPoint Solutions (at CodeSense, last mentioned in 2020) and E2 Partners (at CodeSense until 2020) · Director · deed of 15-01-2020 founded in 2020 · negative equity (2025) · group Nuclys |
14 FTE (2025) |
| Between the Brackets via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 22-04-2020 founded in 2007 · negative equity (2025) · group Nuclys |
3.2 FTE (2025) |
| Medminds via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 16-04-2025 founded in 2019 · negative equity (2025) · group Nuclys |
0.1 FTE (2025) |
| Inviniti via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 31-01-2022 founded in 2022 · negative equity (2025) · group Nuclys |
total assets €5,081 (2025) |
| Agiliz via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 28-06-2019 founded in 2019 · group Nuclys |
19 FTE (2025) |
| Specified via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 13-09-2024 founded in 2019 · group Nuclys |
5 FTE (2025) |
| Zygote via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 15-09-2021 founded in 2021 · group Nuclys |
15 FTE (2025) |
| Pulse! via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 29-07-2022 founded in 2022 · group Nuclys |
19 FTE (2025) |
| Qubix via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 29-05-2019 founded in 2019 · group Nuclys |
8.3 FTE (2025) |
| Kohera.sql via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 09-02-2023 founded in 2015 · group Nuclys |
7.1 FTE (2025) |
| Comark via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 08-09-2022 founded in 2006 · group Nuclys |
6 FTE (2025) |
| Kohera aan de Leie via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 12-10-2021 founded in 2021 · group Nuclys |
6 FTE (2025) |
| QUADRANT COMMUNICATIONS via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 19-06-2020 founded in 2001 · group Nuclys |
1 FTE (2025) |
| PulseHCS via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 21-06-2019 founded in 2019 · group Nuclys |
2 FTE (2025) |
| Factivity via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 19-04-2021 founded in 2019 · group Nuclys |
turnover €290,625 (2025) |
| At Once via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 04-06-2020 No longer active |
6.4 FTE (2022) |
| Ucodes via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 14-05-2021 No longer active |
turnover €19,840 (2023) |
| REDMOJO via CrossPoint Solutions, at CodeSense, last mentioned in 2020 · Director · deed of 05-08-2022 No longer active |
total assets €1,016 (2024) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 14 January 2020, CodeSense was incorporated as a public limited company by Kapture and two natural persons, with a starting capital of €62,000.12 In 2024 the registered office moved to Kontich.3 Turnover went from €5.4m in 2021 to €3.5m in 2025 and headcount from 15.3 to 26.1 full-time equivalents.4
| Establishment | Since | Unit number |
|---|---|---|
| Veldkant 31 registered office 2550 Kontich | 14-01-2020 | 2.300.387.365 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11024B0130/00C002 | 1.1 ha | 1 · 955 m² | 15.4 m · 4 |
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