Equity
€18,063
CODEUS paid out €833 in dividends. That is 4% of the 2025 profit.
CODEUS
Overview
Lifetime
2 annual accounts with figures on one time axispeak €27,108 (2025)
€27,108▲ €29,982
lowest -€2,963 (2024)
€21,358▲ €24,321
peak €18,063 (2025)
€18,063▲ €21,025
€22,532▲ 417%
Board1 name since 2024
1 directorMORELLE Clément Norbert François
Documentsfilings and deeds
12-06-202649 days before the deadline
2025micro format
Gross margin from -€2,874 to €27,108Back to profit: €21,358Dividend €833Equity from -€2,963 to €18,063Debts from €4,354 to €22,532Investments €4,792
Key points
from the 2025 annual accountsTurnover
≈ €88,000 estimated
The micro format states no turnover.
Investments
€5,263 15.6 × depreciation
Green is investment, beige is depreciation.
Checked score
96
Excellent
Financially stronger than 69% 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).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 0.4%
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025highest value
08-2025: 0.3%▼ -0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.4 percentage points 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 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.58, cash €26,154
Size: total assets €40,595
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 39% of them on solvency, 55% on liquidity, 82% on profitability and 99% 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, 39,278 companies had the same profile as CODEUS has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODEUS itself is lower: < 0.1% within 12 months. It rests on far more data about CODEUS than the profile alone.
Test of the method
The method was tested on the 497,448 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 39,278 companies, not a prediction for CODEUS. 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 €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.58, above the usual 1.5. Short-term debt is 55.5% and cash 64.4% of total assets. However, 55.5% 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
Five signals.
lowers riskraises 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 12-06-2026, 49 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
49 days early
2024
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 32 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
First establishment
Rue Monulphe 61, Liège
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1006150613
Incorporation
Founding capital of €500 · Founder: MORELLE Clément Norbert François · Appointment: MORELLE Clément Norbert François (director) · published on 21-02-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEUS Liège | €40,595 | €27,108 | 44.5% | - |
| SKT CONSULTING Juprelle | €34,796 | €31,839 | 88.1% | - |
| CAMELEO Beauvechain | €41,846 | €26,849 | 83.6% | - |
| NOVA-IT Group Evere | €42,695 | €26,957 | -59.5% | 0.6 |
| WeTech Zaventem | €39,403 | €29,554 | 61.6% | - |
| MKRS Deinze | €42,961 | €30,680 | 53.9% | - |
| ESTUDO Brussels | €39,686 | €30,677 | 66.5% | - |
These companies have the same main activity as CODEUS: computer programming (NACE 62100). They are comparable in size and age: total assets between €34,800 and €43,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 19-02-2024Normal situation
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.357.315.2794000 Liège, since 01-04-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-03-2024
Annual accounts 2025
- €27,108
- €21,358
- €18,063
- €40,595▲ 29×
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on CODEUS
CODEUS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,063 and a net result of €21,358.
Its solvency ranks better than 37% of 21,217 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 12-06-2026, 49 days before the deadline€27,108
▲ €29,982
€26,300
▲ €29,199
€21,358
▲ €24,321
€13,137
▲ €16,570
44.5%
1.58
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €88,000. Estimated: probably between €69,000 and €120,000.
Balance sheet
balance sheet total €40,595 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
44.5%
Higher than 37% of 21,217 companies in 2025.
1.58
Higher than 35% of 20,581 companies in 2025.
52.6%
Higher than 87% of 20,756 companies in 2025.
CODEUS
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · 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 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
40,595 | 1,392 | |
21/28 |
4,926 | 471 | |
22/27 |
4,926 | 471 | |
24 |
4,926 | 471 | |
29/58 |
35,669 | 921 | |
40/41 |
1,815 | 698 | |
40 |
1,815 | - | |
41 |
- | 698 | |
54/58 |
26,154 | 223 | |
490/1 |
7,700 | - | |
| Balance sheet: equity and liabilities | |||
10/49 |
40,595 | 1,392 | |
10/15 |
18,063 | -2,963 | |
10/11 |
500 | - | |
14 |
17,563 | -2,963 | |
17/49 |
22,532 | 4,354 | |
42/48 |
22,532 | 4,354 | |
44 |
1,802 | - | |
440/4 |
1,802 | - | |
45 |
10,349 | - | |
450/3 |
10,349 | - | |
47/48 |
10,381 | 4,354 | |
| Income statement | |||
9900 |
27,108 | -2,874 | |
630 |
337 | 24 | |
640/8 |
471 | - | |
9901 |
26,300 | -2,899 | |
65/66B |
78 | 64 | |
65 |
78 | 64 | |
9903 |
26,223 | -2,963 | |
67/77 |
4,864 | - | |
9904 |
21,358 | -2,963 | |
9905 |
21,358 | -2,963 | |
| Appropriation of the result | |||
9906 |
18,396 | -2,963 | |
14P |
-2,963 | - | |
694/7 |
833 | - | |
694 |
833 | - | |
| Social balance sheet | |||
Hours worked1013 |
- | 0 | |
| Document | |||
The notes to these accounts have 7 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 12-06-2026.
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 |
|---|---|---|---|
| 26,637 | -2,874 | ||
| 21,695 | -2,938 | ||
| 5,263 | 495 | ||
| 25,931 | - | ||
| 13,137 | -3,433 | ||
| 44.5% | - | ||
| 1.58 | - | ||
| 1.25 | - | ||
| 118.2% | - | ||
| 52.6% | - | ||
| over 100 | -44.97 |
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.
Social balance sheet
| Item | 31-12-2024 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2024 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €5,263 | €495 |
| €337 | €24 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on CODEUS
The operating result for 2025 is a profit of €26,300, after a loss of €2,899 in 2024.
Debt's share of the balance-sheet total is 55.5%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 19-02-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 12-06-2026
Mandates through the years
1 name, the dashed line is todayMORELLE Clément Norbert François
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- MORELLE Clément Norbert François
- Director (not named in the articles), from 19-02-2024 to date
Control
Capital
- Contribution
- €500
- Source
- deed of 21-02-2024
Articles of association
deed of 21-02-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement au nombre d’actions si plusieurs, tous cas de cessions entre vifs à titre onéreux ou…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00
Founder
At incorporation
deed of 21-02-2024 ↗
- MORELLE Clément Norbert François sole founder · 100% at incorporation
Network & group
No group
CODEUS has no parent and no holdings in its annual accounts. MORELLE Clément Norbert François is the only director. CODEUS shares no director with another company.
Timeline
Timeline
7 events since 2024Filings
Financial
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 49 days before the deadline
2025
Back to profit net €21,358 The net result is €21,358, after one loss-making year.
Liquidity more than 7 times current ratio 1.58 The current ratio rises from 0.21 to 1.58.
Annual accounts 2024 filed PDFmicro format · 14 days before the deadline
2024
First establishment Rue Monulphe 61, Liège
Registered in the Peppol Directory Reachable for e-invoices through 0208:1006150613
IncorporationFounding capital of €500 · Founder: MORELLE Clément Norbert François · Appointment: MORELLE Clément Norbert François (director) · published on 21-02-20246 points ▸
- Founder, MORELLE Clément Norbert François
- Founding capital, €500
- 100 shares
- Registered office clause, Rue Monulphe 61, 4000 Liège
- Director appointment, MORELLE Clément Norbert François (director (not named in the articles))
- Permanent representative, MORELLE Clément Norbert François
- The deed holds 3 more points.
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
CODEUS was incorporated on 19 February 2024 as a private limited company by one natural person, with a starting capital of €500.12 Since 2024, MORELLE Clément Norbert François has served as director.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1006.150.613
- VAT number
- BE 1006.150.613
- Peppol ID
- 0208:1006150613
- Other Peppol ID
- 9925:BE1006150613
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-02-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00deed of 21-02-2024 (in French)
- Peppol
- Reachable since 04-03-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODEUS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 21-02-2024 (in French)
Activities
NACEBEL 202562100
Computer programming main activity
43230
Insulation installation
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
43211
Specialised construction activities
43291
Specialised construction activities
62020
IT consultancy
62090
Computer programming, consultancy and related activities
77400
Rental and leasing activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'étude, la conception, la fabrication, l'installation, l'achat, la vente, la réparation et la maintenance d'équipements liés aux besoins en…”deed of 21-02-2024 (in French)
10 activities
- L'étude, la conception, la fabrication, l'installation, l'achat, la vente, la réparation et la maintenance d'équipements liés aux besoins en chaleur, électricité ou ventilation du bâti ;
- La prestation de services et de sous-traitances dans le secteur de la construction entendu au sens large, comprenant notamment les domaines du gros-œuvre, de la maçonnerie, des carrelages et chapes, du chauffage, du plafonnage, du rejointoyage, de l’étanchéité, de l’isolation, du sanitaire et de la plomberie, de l’électricité, du parachèvement, des toitures, des châssis ;
- La production, la réalisation et la distribution de toutes œuvres musicales, théâtrales ou audiovisuelles ainsi que de tout spectacle musical ou théâtral ;
- La diffusion, sous quelque forme que ce soit, l’importation, l’exportation, le commerce en général de toutes œuvres musicales, théâtrales, audiovisuelles, plastiques, photographiques et toutes œuvres sur tous supports quelconques connus ou à découvrir. Dans ce sens, elle pourra, par exemple, organiser des concerts, des expositions, éditer des œuvres écrites et les diffuser dans tous les circuits de diffusion existants ou à venir ;
- La perception de droits d’auteur de toute nature relatifs auxdites œuvres ;
- L’étude, l’élaboration, le développement et la création de tous programmes, logiciels et systèmes informatiques ou électroniques ;
- La prestation de services, l’assistance, le conseil et l’expertise en matière d'informatique et de mathématiques appliquées ;
- L’achat, la vente, la mise à disposition, l’administration, l’importation, l’exportation, la fabrication, la réparation et la maintenance de tous produits ou services informatiques ou électroniques ;
- Le développement, l’achat, la gestion, la mise en valeur, la prise ou l’attribution de licences, de brevets, de know-how et d’autres droits intellectuels ;
- La société a également pour objet la gestion, la valorisation d’un patrimoine immobilier, notamment par l’achat de la pleine propriété ou de droits réels, la vente, la location, la mise en location, la construction, le tout au sens le plus large.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Monulphe 61 registered office 4000 Liège | 01-04-2024 | 2.357.315.279 |
Buildings and parcels at the address
- Ground area
- 208 m²
- Buildings
- 49 m²
- Volume, LiDAR
- 675 m³
- Tallest building
- 15.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62813E0001/00H000 | 208 m² | 1 · 49 m² | 15.2 m · 5 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1006.150.613