Skip to content

Codesmith

Active Private limited companyfounded 2019active for 7 yearsRijmenamsesteenweg 44, 2812 MechelenKBO/BCE: BE 0734.574.862
Codesmith
Follow ReportCompare

Overview

Lifetime

6 annual accounts with figures on one time axis
peak €166,564 (2025)
€166,564▲ 10.3%
peak €152,246 (2025)
€152,246▲ 32.9%
peak €224,784 (2023)
€81,605▼ 56.9%
€436,920▲ 31.9%
Board1 name since 2021
1 directorBoogaerts Pieter
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Result from €114,575 to €152,246Dividend €260,000Equity from €189,359 to €81,605Debts from €331,284 to €436,920Cash from €73,052 to €15,180

Key points

from the 2025 annual accounts

Equity

€81,605 ▼ 56.9%
189,3592024+152,246Profit-260,000Dividend81,6052025

Codesmith paid out €260,000 in dividends. That is 171% of the 2025 profit.

Turnover

≈ €260,000 estimated

The accounts state no turnover.

Debts

€436,920 84% of the balance sheet
Financial debts 46%Suppliers 0%Taxes and wages 3%Other 51%

Of this, €233,844 falls due within a year.

Liquidity

0.58 was 1.24 in 2024

Short-term debts rose from €95,859 to €233,844.

Filings

6 annual accounts since 2020
AprilJune31 JulyOctober202020222024

The last five annual accounts were filed 0 to 45 days before the end of the period.

Position in the sector

€152,246

Higher net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.

Checked score

90
Excellent
Financially stronger than 32% 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 25,933 companies (NACE 62, micro).

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%highest value 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.1%▼ -0.1 percentage points vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 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 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 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 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Financial strength
Average

41-20equity 15.7% of total assets
32-30short-term debt 45.1% · cash 2.9%
100+4return on assets 29.4%

Score breakdown

raises risk
Liquidity: current ratio 0.58, cash €15,180, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €518,525
Figures for financial year 2025 (filed on 02-08-2026)
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 19% of them on solvency, 12% on liquidity, 82% on profitability and 13% on growth.

The bankruptcy probability was computed on 10-11-2026 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, 2,684 companies had the same profile as Codesmith has now. Each dot stands for 7 companies, two years later.

97.3%
were still trading
1.2%
stopped another way
1.3%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Codesmith itself is lower: 0.1% within 12 months. It rests on far more data about Codesmith 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,684 companies, not a prediction for Codesmith. 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 €7,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.58 (1.24 in 2024), below 1. Short-term debt is 45.1% and cash 2.9% of total assets. 84.3% 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

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €518,525
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.58, cash €15,180, halved
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 02-08-2026)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 21208 sector peers (2025).
NBB · sector comparison
Position among 21208 sector peers
Solvency
better than 18%
← weakest strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
on the day
2024
30 days early
2023
28 days early
2022
40 days early
2021
45 days early
2020
52 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 33 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 (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

BP
Boogaerts Pieter
Director
Board & ownership

Recent changes

Registered office moved from Sint-Katelijne-Waver to Muizen New registered office: Rijmenamsesteenweg 44, 2812 Muizen · Previous registered office: Sint Libertusstraat9, 2860 Sint-Katelijne-Waver · General meeting of 01-01-2023 · Gazette deed
Incorporation published on 20-09-2019 · Gazette deed
First establishment Rijmenamsesteenweg 44, Mechelen
All 14 events

Comparable companies

same main activity, similar in size and age
Company
Codesmith Mechelen €518,525 €166,564 15.7% -
Benef-IT Antwerp €581,183 €175,684 0.4% -
STEF DAEMS CONSULTING Olen €465,192 €155,431 0.2% -
EVENTRONICS Mechelen €468,925 €166,296 29.0% 2.2
NEXT7 Ixelles €498,839 €167,717 46.5% -
NOMADLY Berloz €476,758 €163,866 94.8% -
BOGAERTB CONSULTING Sint-Lievens-Houtem €549,622 €163,701 7.0% -

These companies have the same main activity as Codesmith: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €465,000 and €581,000, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 18-09-2019Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200
Establishment unit
2.293.730.4922812 Mechelen, since 18-09-2019
Financial year end
31 December
Peppol
Reachable
Company details

Annual accounts 2025

€166,564▲ 10.3%
€152,246▲ 32.9%
€81,605▼ 56.9%
€518,525▼ 0.4%
Filing
Filed on 31-07-2026, on the last day of the filing period
Financials

Insights on Codesmith

Codesmith files the micro format. That format states no turnover. The gross margin rose from €101,907 in 2020 to €166,564 in 2025.

The balance sheet grew most from 2021 to 2023 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 31-07-2026, on the day of the deadline
€166,564
▲ 10.3%
€144,259
▲ 12.7%
€152,246
▲ 32.9%
-€98,051
▼ €121,245
15.7%
▼ 20.6 percentage points
0.58
▼ 0.66

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €260,000. Estimated: probably between €230,000 and €320,000.

Balance sheet

balance sheet total €518,525 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

15.7%

Higher than 18% of 21,208 companies in 2025.

0.58

Higher than 7% of 20,571 companies in 2025.

29.4%

Higher than 66% of 20,746 companies in 2025.

Codesmith Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 518,525520,643532,745498,085433,815100,609
21/28 382,732401,590422,636369,596351,9541,375
22/27 382,732401,590422,636369,596351,9541,375
22 369,738382,543397,148367,686349,269-
23 1,4472,0222,9851,9102,6841,375
24 11,54817,02522,503---
29/58 135,792119,053110,109128,48981,86199,233
40/41 58,91546,00238,24845,71621,87828,141
40 28,91526,00225,21231,21620,91428,141
41 30,00020,00013,03614,500964-
50/53 61,698-----
54/58 15,18073,05271,86182,77359,98371,092
Balance sheet: equity and liabilities
10/49 518,525520,643532,745498,085433,815100,609
10/15 81,605189,359224,784184,905101,25288,936
10/11 10,00010,00010,00010,00010,00010,000
14 71,605179,359214,784174,90591,25278,936
17/49 436,920331,284307,962313,180332,56311,672
17 203,076235,425235,425267,350298,877-
170/4 203,076235,425235,425267,350298,877-
42/48 233,84495,85972,53745,83033,68711,672
42 --31,92531,52631,123-
44 2555831,6804--
440/4 2555831,6804--
45 12,38224,93933,86610,536-10,521
450/3 12,38224,93933,86610,536-10,521
47/48 221,20770,3375,0663,7632,5631,151
Income statement
9900 166,564151,076102,018105,14317,893101,907
630 20,71321,04718,47910,1091,13112
640/8 1,5922,0413,8572,372564372
9901 144,259127,98979,68292,66216,197101,524
75/76B 28,150650-3
75 28,150650-3
65/66B 3,9203,4333,8234,4082,082789
65 3,9203,4333,8234,4082,082789
9903 168,489124,56275,86488,25414,115100,737
67/77 16,2439,98735,9864,6001,80021,801
9904 152,246114,57539,87883,65412,31678,936
9905 152,246114,57539,87883,65412,31678,936
Appropriation of the result
9906 331,605329,359214,784174,90591,25278,936
14P 179,359214,784174,90591,25278,936-
694/7 260,000150,000----
694 260,000150,000----
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 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 31-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00371742 PDF
31-12-2024 micro format 01-07-2025 2025-00225991 PDF
31-12-2023 micro format 03-07-2024 2024-00201817 PDF
31-12-2022 micro format 21-06-2023 2023-00149740 PDF
31-12-2021 micro format 16-06-2022 2022-20082229 PDF
31-12-2020 abbreviated format 09-06-2021 2021-18600426 PDF

Subsidies and aid

Flemish government 2022 to 2025, 2 entries, €2,170 awarded, €2,170 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€2,170
Year Entries AwardedPaid
2025 1 €227€227
2022 1 €1,943€1,943

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
164,972149,03698,161102,77117,328101,536
172,958135,62258,35793,76213,44778,948
1,855071,51927,751351,7101,388
-57,8721,190-10,91222,790-11,109-
-98,05123,19437,57282,65948,17487,561
15.7%36.4%42.2%37.1%23.3%88.4%
0.581.241.522.802.438.50
5.351.751.371.693.280.13
186.6%60.5%17.7%45.2%12.2%88.8%
29.4%22.0%7.5%16.8%2.8%78.5%
42.0943.4125.6723.318.32-

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
Item20252024202320222021
Tangible fixed assets€1,855-€71,519€27,751€351,710
€20,713€21,047€18,479€10,109€1,131

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on Codesmith

The operating result for 2025 is 13% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 63.6% to 84.3%. Equity is lower and debt is higher.

Board & ownership

Board

1 director
Boogaerts Pieter
Director
listed in the 2025 annual accounts, filed on 31-07-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Boogaerts Pieter
Director
Boardmandate already running before its first mention
Mandates as a list
  • Boogaerts Pieter
    • Director, since before 31-12-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€10,000
Source
2025 annual accounts

Network & group

No group

Codesmith has no parent and no holdings in its annual accounts. Boogaerts Pieter is the only director. Codesmith shares no director with another company.

Timeline

Timeline

14 events since 2019

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · on the deadline day
2025
Highest result from 2020 to 2025 net €152,246 ▲32.9% The operating result of €144,259 and the net result of €152,246 are both a record.
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 28 days before the deadline
2023
Equity above €200,000 equity €224,784 ▲21.6% With a profit in every financial year since 2020, equity grows to €224,784.
Annual accounts 2022 filed PDFmicro format · 40 days before the deadline
Registered office moved from Sint-Katelijne-Waver to MuizenNew registered office: Rijmenamsesteenweg 44, 2812 Muizen · Previous registered office: Sint Libertusstraat9, 2860 Sint-Katelijne-Waver · General meeting of 01-01-20232 points ▸
  • General meeting, 01-01-2023
  • Registered-office move, Rijmenamsesteenweg 44, 2812 Muizen

Open the deed in the Belgian Official Gazette

2022
Equity above €150,000 equity €184,905 ▲82.6% With a profit in every financial year since 2020, equity grows to €184,905.
Annual accounts 2021 filed PDFmicro format · 45 days before the deadline
2021
Weakest financial year net €12,316 ▼84.4% The net result drops to €12,316, the lowest from 2020 to 2025. It recovers the following year.
Equity above €100,000 equity €101,252 ▲13.8% With a profit in every financial year since 2020, equity grows to €101,252.
Annual accounts 2020 filed PDFabbreviated format · 52 days before the deadline
2019
Incorporation PDFpublished on 20-09-2019
First establishment Rijmenamsesteenweg 44, Mechelen

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

On 18 September 2019, Codesmith was incorporated as a private limited company.1 In 2023 the registered office moved to Muizen.2 Total assets went from €100,609 in 2020 to €518,525 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 16-01-2023
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0734.574.862
VAT number
BE 0734.574.862
Peppol ID
0208:0734574862
Legal form
Private limited company
Status
Active, normal situation
Founded
18-09-2019
Financial year
ends on 31 December
Peppol
Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
Name
Codesmith in Dutch
Entity type
Legal entity

Activities

NACEBEL 2025
62200 Computer consultancy and computer facilities management main activity
Codes under NACEBEL 2008
62020 IT consultancy main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Rijmenamsesteenweg 44 registered office 2812 Mechelen 18-09-2019 2.293.730.492
1 former office
  • Sint Libertusstraat9, 2860 Sint-Katelijne-Waver until 01-01-2023 · deed of 16-01-2023

Buildings and parcels at the address

Ground area
1,099 m²
Buildings
212 m²
Volume, LiDAR
813 m³
Tallest building
8.2 m
Buildings to scale, each on its own parcel
212 m², 8.2 m 212 m², 8.2 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
12409B0081/00V0001,099 m² 1 · 212 m² 8.2 m · 1

We would like to set cookies. That happens only with your consent. What we measure