CODEST
ActiveSummary
CODEST has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €122k and a net result of €62k. Its solvency ranks better than 82% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days only on tighter terms
Liquidity ample (current ratio 7.21 against 3.9 in 2024; short-term debt: 11.8% and cash: 67.4% of total assets), and 14.2% of the assets are financed with debt.
Credit check for your own amount and term
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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
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
85.8%
Return on assets
43.9%
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 · 2 filingsDeviation from the deadline
2025
28 d early
2024
28 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€122k▲ 105%
2024 · €59k
2024: €59k
2025: €122k▲ +105% vs 2024
2024 → 2025
Total assets
€142k▲ 81.8%
2024 · €78k
2024: €78k
2025: €142k▲ +81.8% vs 2024
2024 → 2025
Net result
€62k▲ 14.6%
2024 · €54k
2024: €54k
2025: €62k▲ +14.6% vs 2024
2024 → 2025
Working capital
€104k▲ 129%
2024 · €46k
2024: €46k
2025: €104k▲ +129% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€59k-€122k▲ 105%
2024: €59k
2025: €122k▲ +105% vs 2024
Operating result€71k-€82k▲ 14.7%
2024: €71k
2025: €82k▲ +14.7% vs 2024
Net result€54k-€62k▲ 14.6%
2024: €54k
2025: €62k▲ +14.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142k
Fixed assets
€21k ▲ 22.8%
Current assets
€121k ▲ 97.9%
Equity and liabilities €142k
Equity
€122k ▲ 105%
Debt
€20k ▲ 8.1%
Debt's share of the balance-sheet total falls from 24.0% to 14.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€85k▲
2024 · €73k
Cash flow
€65k▲
2024 · €57k
Current ratio
7.21▲
2024 · 3.90
Debt to equity
0.17▼
2024 · 0.32
ROE
51.2%▼
2024 · 91.6%
ROA
43.9%▼
2024 · 69.6%
Interest coverage
30.79▲
2024 · 26.99
Debt ≤ 1 year
€17k▲
2024 · €16k
Income taxes
€17k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€78k€142k▲
Fixed assets21/28€17k€21k▲
Intangible fixed assets21€1k€884▼
Tangible fixed assets22/27€16k€20k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€1k€3k▲
Other tangible fixed assets26€13k€15k▲
Current assets29/58€61k€121k▲
Amounts receivable within one year40/41€21k€24k▲
Trade receivables40€17k€19k▲
Other amounts receivable41€4k€5k▲
Cash at bank and in hand54/58€39k€96k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€78k€142k▲
Equity10/15€59k€122k▲
Contributions10/11€5k€5k=
Reserves13€54k€117k▲
Distributable reserves133€54k€117k▲
Amounts payable17/49€19k€20k▲
Amounts payable within one year42/48€16k€17k▲
Trade debts44€2k€992▼
Suppliers440/4€2k€992▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€8k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€936€4k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€628▼
Gross operating margin9900€74k€85k▲
Operating profit (loss)9901€71k€82k▲
Financial income75/76B€16€1▼
Recurring financial income75€16€1▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€68k€79k▲
Income taxes67/77€14k€17k▲
Profit (loss) for the period9904€54k€62k▲
Profit (loss) for the period to be appropriated9905€54k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€62k▲
Transfer to equity691/2€54k€62k▲
To other reserves6921€54k€62k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | ▲ 39.6% |
| Other operating charges640/8 | €1k | €628 | ▼ 40.1% |
| Gross operating margin9900 | €74k | €85k | ▲ 14.7% |
| Operating profit (loss)9901 | €71k | €82k | ▲ 14.7% |
| Financial income75/76B | €16 | €1 | ▼ 91.2% |
| Recurring financial income75 | €16 | €1 | ▼ 91.2% |
| Financial charges65/66B | €3k | €3k | ▲ 1.2% |
| Recurring financial charges65 | €3k | €3k | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | €68k | €79k | ▲ 15.2% |
| Income taxes67/77 | €14k | €17k | ▲ 17.6% |
| Profit (loss) for the period9904 | €54k | €62k | ▲ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €54k | €62k | ▲ 14.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €78k | €142k | ▲ 81.8% |
| Fixed assets21/28 | €17k | €21k | ▲ 22.8% |
| Intangible fixed assets21 | €1k | €884 | ▼ 25.3% |
| Tangible fixed assets22/27 | €16k | €20k | ▲ 26.5% |
| Plant, machinery and equipment23 | €1k | €1k | ▼ 24.4% |
| Furniture and vehicles24 | €1k | €3k | ▲ 157% |
| Other tangible fixed assets26 | €13k | €15k | ▲ 19.1% |
| Current assets29/58 | €61k | €121k | ▲ 97.9% |
| Amounts receivable within one year40/41 | €21k | €24k | ▲ 17.1% |
| Trade receivables40 | €17k | €19k | ▲ 15.3% |
| Other amounts receivable41 | €4k | €5k | ▲ 24.7% |
| Cash at bank and in hand54/58 | €39k | €96k | ▲ 144% |
| Deferred charges and accrued income490/1 | €2k | €1k | ▼ 3.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €78k | €142k | ▲ 81.8% |
| Equity10/15 | €59k | €122k | ▲ 105% |
| Contributions10/11 | €5k | €5k | = |
| Reserves13 | €54k | €117k | ▲ 115% |
| Distributable reserves133 | €54k | €117k | ▲ 115% |
| Amounts payable17/49 | €19k | €20k | ▲ 8.1% |
| Amounts payable within one year42/48 | €16k | €17k | ▲ 7.0% |
| Trade debts44 | €2k | €992 | ▼ 47.6% |
| Suppliers440/4 | €2k | €992 | ▼ 47.6% |
| Taxes, remuneration and social security45 | €13k | €12k | ▼ 9.5% |
| Taxes450/3 | €13k | €8k | ▼ 40.0% |
| Remuneration and social security454/9 | - | €4k | - |
| Other amounts payable47/48 | €936 | €4k | ▲ 346% |
| Accrued charges and deferred income492/3 | €3k | €3k | ▲ 13.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €54k | €62k | ▲ 14.6% |
| + Depreciation and write-downs630 | €2k | €3k | ▲ 39.6% |
| Operating cash flow (approximation) | €57k | €65k | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | €-7k | - |
| Change in cash | - | €56k | - |
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
31-12
Financial
Equity above €100kEq €122k ▲105%
2 profitable years in a row build equity to €122k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
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, Zonnebeke · 1 establishment unit since 2023
Ground area
484 m²
Building footprint
153 m²
Volume, LiDAR
1,153 m³
Parcel 33001E0189/00L000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CODEST
since 20232.352.844.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33001E0189/00L000 | Flanders | 484 m² | 1 · 153 m² | 12.0 m · 3 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 461 EUR awarded · 461 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 429 EUR | 429 EUR |
| 2024 | 1 | 32 EUR | 32 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,474 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
Founded13-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
86951Physiotherapy
Scores and ratios are computed by Checked and are not a credit decision.