Losses
-€2,941 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
CODESK
Overview
Lifetime
4 annual accounts with figures on one time axispeak €15,819 (2023)
-€907▲ €873
lowest -€1,670 (2024)
-€1,271▲ €399
peak €14,212 (2023)
€11,271▼ 10.1%
€1,584▼ 59.7%
Board2 names since 2021
1 directorBUGGENHOUDT Jeroen
Documentsfilings and deeds
19-06-202642 days before the deadline
2025micro format
Gross margin from -€1,780 to -€907Loss of €1,271Debts from €3,935 to €1,584
Key points
from the 2025 annual accountsLiquidity
6.28 was 3.34 in 2024
Short-term debts fell from €3,935 to €1,584.
Position in the sector
-€1,271
Lower net result than 83% of companies in computer programming and consultancy. Sector median €28,568 · 21,212 companies.
Turnover not published (micro format)
Checked score
94
Excellent
Financially stronger than 54% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025highest value
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 6.28, cash €8,044
Size: total assets €12,855
Figures for financial year 2025 (filed on 19-06-2026)
Calculation
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, micro). It does better than 85% of them on solvency, 90% on liquidity, 12% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as CODESK has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODESK itself is lower: < 0.1% within 12 months. It rests on far more data about CODESK than the profile alone.
Test of the method
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 3,440 companies, not a prediction for CODESK. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.28 (3.34 in 2024), above the usual 1.5. Short-term debt is 12.3% and cash 62.6% of total assets. 12.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 19-06-2026, 42 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
42 days early
2024
28 days early
2023
14 days early
2022
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 29 days before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Jeroen Buggenhoudt 1,859 sharesdeed of 22-08-2022
- Luc Buggenhoudt 1 sharedeed of 22-08-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0773694764
Demerger proposal: CONVERSAL splits off to CODESK
Appointment: Marc SCHOOFS en Co BV (company auditor) · Jeroen Buggenhoudt holds 1,859 shares · Luc Buggenhoudt holds 1 share · Gazette deed
Incorporation
Founding capital of €3,000 · Founder: BUGGENHOUDT, Jeroen · Appointment: BUGGENHOUDT, Jeroen (director) · published on 13-09-2021 · Gazette deed
First establishment
Boekhoutstraat 121, Affligem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODESK Affligem | €12,855 | -€907 | 87.7% | - |
| Splynter Aarschot | €14,282 | €50 | 41.8% | - |
| DRIVER LAB Thuin | €12,197 | -€1,294 | -125.6% | - |
| BMD consult Evere | €12,256 | -€7,327 | -42.1% | - |
| SUNNYDALE Brussels | €11,430 | -€23,099 | -171.8% | - |
| SHAH CONSULTING Saint-Josse-ten-Noode | €12,836 | -€3,662 | 89.1% | - |
| IT is a Sport Ixelles | €15,661 | -€14,556 | -1.4% | - |
These companies have the same main activity as CODESK: computer programming (NACE 62100). They are comparable in size and age: total assets between €11,400 and €15,700, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 09-09-2021Normal situation
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.322.041.9231790 Affligem, since 09-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 25-04-2025
Annual accounts 2025
- -€907▲ 49.1%
- €1,271▼ 23.9%
- €11,271▼ 10.1%
- €12,855▼ 22.0%
- Filing
- Filed on 19-06-2026, 42 days before the end of the filing period
Insights on CODESK
CODESK files the micro format. That format states no turnover. The gross margin fell from €11,546 in 2022 to -€907 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 19-06-2026, 42 days before the deadline-€907
▲ €873
-€1,738
▲ €861
-€1,271
▲ €399
€8,367
▼ 9.1%
87.7%
▲ 11.6 percentage points
6.28
▲ 2.94
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €12,855 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
87.7%
Higher than 85% of 21,206 companies in 2025.
6.28
Higher than 81% of 20,569 companies in 2025.
-9.9%
Higher than 10% of 20,744 companies in 2025.
CODESK
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
12,855 | 16,477 | 26,606 | 106,547 | |
21/28 |
2,904 | 3,336 | 3,768 | 45,980 | |
22/27 |
2,904 | 3,336 | 3,768 | 45,980 | |
23 |
2,904 | 3,336 | 3,768 | 4,199 | |
24 |
- | - | 0 | 29,174 | |
26 |
- | - | 0 | 12,607 | |
29/58 |
9,951 | 13,141 | 22,838 | 60,567 | |
40/41 |
1,907 | 2,773 | 2,905 | 12,411 | |
40 |
0 | 636 | 2,243 | 12,411 | |
41 |
1,907 | 2,137 | 662 | - | |
54/58 |
8,044 | 10,368 | 19,934 | 39,081 | |
490/1 |
- | - | 0 | 9,075 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
12,855 | 16,477 | 26,606 | 106,547 | |
10/15 |
11,271 | 12,542 | 14,212 | 7,931 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
14 |
8,271 | 9,542 | 11,212 | 4,931 | |
17/49 |
1,584 | 3,935 | 12,394 | 98,616 | |
42/48 |
1,584 | 3,935 | 12,394 | 96,666 | |
44 |
0 | 526 | 7,997 | 17,493 | |
440/4 |
0 | 526 | 7,997 | 17,493 | |
46 |
- | 0 | 1,094 | - | |
45 |
0 | 2,241 | 2,304 | 7,355 | |
450/3 |
0 | 2,241 | 2,304 | 7,355 | |
47/48 |
1,584 | 1,168 | 1,000 | 71,819 | |
492/3 |
- | - | 0 | 1,950 | |
| Income statement | |||||
9900 |
-907 | -1,780 | 15,819 | 11,546 | |
630 |
432 | 432 | 432 | 3,349 | |
640/8 |
400 | 387 | 6,784 | 1,600 | |
9901 |
-1,738 | -2,599 | 8,603 | 6,597 | |
75/76B |
607 | 1,094 | 20 | 13 | |
75 |
607 | 1,094 | 20 | 13 | |
65/66B |
140 | 164 | 101 | 532 | |
65 |
140 | 164 | 101 | 532 | |
9903 |
-1,271 | -1,670 | 8,522 | 6,077 | |
67/77 |
- | 0 | 2,241 | 1,146 | |
9904 |
-1,271 | -1,670 | 6,281 | 4,931 | |
9905 |
-1,271 | -1,670 | 6,281 | 4,931 | |
| Appropriation of the result | |||||
9906 |
8,271 | 9,542 | 11,212 | 4,931 | |
14P |
9,542 | 11,212 | 4,931 | - | |
| Document | |||||
The notes to these accounts have 4 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 19-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -1,307 | -2,168 | 9,035 | 9,946 | ||
| -839 | -1,238 | 6,713 | 8,280 | ||
| 0 | 0 | -41,781 | 49,330 | ||
| -2,324 | -9,566 | -19,148 | - | ||
| 8,367 | 9,206 | 10,444 | -36,099 | ||
| 87.7% | 76.1% | 53.4% | 7.4% | ||
| 6.28 | 3.34 | 1.84 | 0.63 | ||
| 0.14 | 0.31 | 0.87 | 12.43 | ||
| -11.3% | -13.3% | 44.2% | 62.2% | ||
| -9.9% | -10.1% | 23.6% | 4.6% | ||
| -9.33 | -13.22 | 89.30 | 18.68 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €49,330 |
| €432 | €432 | €432 | €3,349 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on CODESK
The operating result for 2025 is a loss of €1,738, smaller than the loss of €2,599 in 2024.
Debt's share of the balance-sheet total falls from 23.9% to 12.3%. Equity and debt are lower.
Board & ownership
Board
1 director, 1 auditor, since incorporationDirector (not named in the articles)
since 09-09-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 19-06-2026
Company auditor, permanent representative Marc Schoofs
appointed by deed of 22-08-2022
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 13-09-2021
Mandates through the years
2 names, the dashed line is todayBUGGENHOUDT Jeroen
Director (not named in the articles)
Director (not named in the articles)
Marc SCHOOFS en Co
Company auditor
Company auditor
Board
Mandates as a list
- BUGGENHOUDT Jeroen
- Director (not named in the articles), from 07-09-2021 to date
- Marc SCHOOFS en Co
- Company auditor, appointed by deed of 22-08-2022, still in office
Control
Shareholders
Jeroen Buggenhoudt, Luc Buggenhoudt
This company
CODESK
Equity €11,271
Loss €1,271 in 2025
Capital
- Contribution
- €3,000
- Source
- deed of 13-09-2021
Articles of association
deed of 13-09-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of June at 11:00
Shareholders
Stated in the deed
deed of 22-08-2022 ↗
- Jeroen Buggenhoudt 1,859 shares
- Luc Buggenhoudt 1 share
At incorporation
deed of 13-09-2021 ↗
- BUGGENHOUDT,Jeroen sole founder · 100% at incorporation
Network & group
No group
CODESK has no parent and no holdings in its annual accounts. BUGGENHOUDT Jeroen is the only director.
At the same address
Boekhoutstraat 121, 1790 Affligem · 4 other companies| Conversal Collective
registered office since 06-07-2023 · founded in 2023 |
total assets €2.4m (2025) 0803.647.374 |
| Jeroen Buggenhoudt
registered office since 13-12-2022 · founded in 2022 |
total assets €2.1m (2025) 0794.722.582 |
| Conversal
registered office since 06-11-2017 · founded in 2012 |
total assets €972,546 (2025) 0848.529.769 |
| Legio
registered office since 09-11-2023 · founded in 2023 |
total assets €345,124 (2025) 1002.113.928 |
Acquisitions and mergers
1 transactionReceived in a demerger part of:CONVERSAL
Timeline
Timeline
11 events since 2021Board
Capital
Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 42 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 28 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0773694764
2024
Weakest financial year net -€1,670 The net result drops to -€1,670, the lowest from 2022 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFmicro format · 14 days before the deadline
2023
Highest result from 2022 to 2025 net €6,281 ▲27.4% The operating result of €8,603 and the net result of €6,281 are both a record.
Liquidity more than doubled current ratio 1.84 The current ratio rises from 0.63 to 1.84. Short-term debt falls from €96,666 to €12,394.
Annual accounts 2022 filed PDFmicro format · 33 days before the deadline
2022
Demerger proposal: CONVERSAL splits off to CODESKAppointment: Marc SCHOOFS en Co BV (company auditor) · Jeroen Buggenhoudt holds 1,859 shares · Luc Buggenhoudt holds 1 share5 points ▸
- Jeroen Buggenhoudt holds 1,859 shares
- Luc Buggenhoudt holds 1 share
- 1,860 shares
- Accounting effect, 01-07-2022
- Auditor appointment, Marc SCHOOFS en Co BV (company auditor)
- The deed holds 11 more points.
2021
IncorporationFounding capital of €3,000 · Founder: BUGGENHOUDT, Jeroen · Appointment: BUGGENHOUDT, Jeroen (director) · published on 13-09-20216 points ▸
- Founder, BUGGENHOUDT, Jeroen
- Founding capital, €3,000
- Registered office clause, Boekhoutstraat 121, 1790 Affligem
- Board rule, 1
- Director appointment, BUGGENHOUDT, Jeroen (director (not named in the articles))
- Permanent representative, BUGGENHOUDT, Jeroen
- The deed holds 4 more points.
First establishment Boekhoutstraat 121, Affligem
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
CODESK was incorporated on 9 September 2021 as a private limited company by one natural person, with a starting capital of €3,000.12 Since 2021, BUGGENHOUDT Jeroen has served as director.3 Total assets fell from €106,547 in 2022 to €12,855 in 2025.4
Company details
Identity
- Enterprise number
- 0773.694.764
- VAT number
- BE 0773.694.764
- Peppol ID
- 0208:0773694764
- Other Peppol ID
- 9925:BE0773694764
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-09-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of June at 11:00deed of 13-09-2021 (in Dutch)
- Website
- www.codesk.be
- Peppol
- Reachable since 25-04-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODESK in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-09-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 13-09-2021 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
63910
Web portal activities
73110
Advertising agencies
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
73110
Advertising, market research and public relations activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Softwareontwikkeling, platformen, websites, reclamecampagne op het internet, alsook een deel consulting op het gebied van informatica. De…”deed of 22-08-2022 (in Dutch)
6 activities
- Softwareontwikkeling, platformen, websites, reclamecampagne op het internet, alsook een deel consulting op het gebied van informatica. De verwerking van gegevens en het beheer van de rapportage van de verkregen resultaten.
- Computersystemen integreren, installeren en controleren.
- Advies geven met betrekking tot het beheer van de onderneming.
- Ontwikkeling van games, en ze op verschillende platforms distribueren.
- Computers op maat maken en verkopen.
- Computerbevelliging, domotica en 3D-printen.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Boekhoutstraat 121 registered office 1790 Affligem | 09-09-2021 | 2.322.041.923 |
Buildings and parcels at the address
- Ground area
- 870 m²
- Buildings
- 264 m²
- Volume, LiDAR
- 1,920 m³
- Tallest building
- 12.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23030A0559/00F000 | 870 m² | 1 · 264 m² | 12.6 m · 3 |