CODEVID
ActiveSummary
The annual accounts of CODEVID for fiscal year 2025 show a net loss of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €15,825 and a net result of -€576,329. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 15% of 2704 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-74
Solvency26▼-29
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.84 against 1.45 in 2024; short-term debt: 79% and cash: 5% of total assets), and 99% of the assets are financed with debt.
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Signals
Five 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1%
Return on assets
-36.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 2704 sector peers (2025).
NBB · sector comparisonPosition among 2704 sector peers
Solvency
better than 15%
← 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
13 d early
2023
103 d early
2022
on the day
2021
103 d early
2020
100 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€15,825▼ 97.3%
2024 · €592,154
Total assets
€1.6m▼ 20.1%
2024 · €2.0m
Net result
-€576,329
2024 · €89,627
Working capital
-€202,061
2024 · €428,771
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€207,669▲ 231%€489,946▲ 136%€162,703▼ 66.8%€178,874▲ 9.9%-€750,690
Net result€162,071▲ 378%€350,477▲ 116%€102,475▼ 70.8%€89,627▼ 12.5%-€576,329
Equity€316,163▲ 23.5%€489,679▲ 54.9%€592,154▲ 20.9%€592,154=€15,825▼ 97.3%
Total assets€1.2m▲ 7.6%€1.4m▲ 15.8%€1.1m▼ 19.0%€2.0m▲ 75.5%€1.6m▼ 20.1%
Debt€888,686▲ 2.9%€905,110▲ 1.8%€538,114▼ 40.5%€1.4m▲ 159%€1.6m▲ 12.8%
Working capital€191,819▼ 4.7%€370,635▲ 93.2%€474,668▲ 28.1%€428,771▼ 9.7%-€202,061
Staff (FTE)13.7▲ 31.7%16.7▲ 21.9%14.5▼ 13.2%14.2▼ 2.1%18.4▲ 29.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €750,690 after €178,874 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€534,559 ▼ 11.8%
Current assets
€1.1m ▼ 23.7%
Equity and liabilities €1.6m
Equity
€15,825 ▼ 97.3%
Debt
€1.6m ▲ 12.8%
Debt's share of the balance-sheet total rises from 70.1% to 99.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€650,361▼
2024 · €287,817
Cash flow
-€476,000▼
2024 · €198,570
Current ratio
0.84▼
2024 · 1.45
Debt to equity
99.18▲
2024 · 2.35
ROA
-36.4%▼
2024 · 4.5%
Interest coverage
-19.70▼
2024 · 7.30
Debt ≤ 1 year
€1.3m▲
2024 · €949,029
Debt > 1 year
€304,253▼
2024 · €319,126
Income taxes
€3,642▼
2024 · €52,388
Staff costs
€1.3m▼
2024 · €1.5m
A ratio outside any meaningful range has been withheld (balance sheet total €1.6m, equity €15,825).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1.0m | €933,499 | €1.5m | €1.3m | ▼ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,652 | €68,553 | €61,014 | €108,943 | €100,329 | ▼ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€35,000 | - | €39,186 | €140,748 | ▲ 259% |
| Other operating charges640/8 | - | €13,009 | €13,607 | €9,066 | €12,550 | ▲ 38.4% |
| Gross operating margin9900 | €1.1m | €1.6m | €1.2m | €1.9m | €843,605 | ▼ 55.2% |
| Operating profit (loss)9901 | €207,669 | €489,946 | €162,703 | €178,874 | -€750,690 | ▼ 520% |
| Financial income75/76B | - | €208 | €35 | €2,553 | €211,013 | ▲ 8,165% |
| Recurring financial income75 | €13 | €208 | €35 | €2,553 | €211,013 | ▲ 8,165% |
| Financial charges65/66B | - | €7,668 | €11,878 | €39,411 | €33,010 | ▼ 16.2% |
| Recurring financial charges65 | €12,585 | €7,668 | €11,878 | €39,411 | €33,010 | ▼ 16.2% |
| Profit (loss) for the period before taxes9903 | €195,096 | €482,486 | €150,860 | €142,015 | -€572,687 | ▼ 503% |
| Income taxes67/77 | €33,026 | €132,009 | €48,385 | €52,388 | €3,642 | ▼ 93.0% |
| Profit (loss) for the period9904 | €162,071 | €350,477 | €102,475 | €89,627 | -€576,329 | ▼ 743% |
| Profit (loss) for the period to be appropriated9905 | €162,071 | €350,477 | €102,475 | €89,627 | -€576,329 | ▼ 743% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.4m | €1.1m | €2.0m | €1.6m | ▼ 20.1% |
| Fixed assets21/28 | €209,224 | €228,253 | €165,401 | €605,903 | €534,559 | ▼ 11.8% |
| Intangible fixed assets21 | - | €32,584 | €29,084 | €23,834 | €20,334 | ▼ 14.7% |
| Tangible fixed assets22/27 | €208,893 | €195,339 | €124,950 | €312,953 | €245,109 | ▼ 21.7% |
| Furniture and vehicles24 | - | €194,606 | €119,459 | €309,317 | €245,109 | ▼ 20.8% |
| Other tangible fixed assets26 | - | €733 | €5,492 | €3,636 | - | - |
| Financial fixed assets28 | €331 | €330 | €11,367 | €269,116 | €269,116 | = |
| Current assets29/58 | €995,624 | €1.2m | €964,866 | €1.4m | €1.1m | ▼ 23.7% |
| Amounts receivable after more than one year29 | - | €5,895 | - | - | - | - |
| Other amounts receivable291 | - | €5,895 | - | - | - | - |
| Amounts receivable within one year40/41 | €682,693 | €756,187 | €628,575 | €1.0m | €927,927 | ▼ 10.1% |
| Trade receivables40 | - | €747,430 | €619,647 | €858,473 | €566,943 | ▼ 34.0% |
| Other amounts receivable41 | - | €8,757 | €8,928 | €174,228 | €360,984 | ▲ 107% |
| Cash at bank and in hand54/58 | €289,009 | €391,812 | €271,154 | €244,153 | €78,520 | ▼ 67.8% |
| Deferred charges and accrued income490/1 | - | €12,642 | €65,137 | €100,946 | €44,338 | ▼ 56.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.4m | €1.1m | €2.0m | €1.6m | ▼ 20.1% |
| Equity10/15 | €316,163 | €489,679 | €592,154 | €592,154 | €15,825 | ▼ 97.3% |
| Contributions10/11 | - | €77,188 | €77,188 | €77,188 | €77,188 | = |
| Reserves13 | €198,475 | €412,491 | €514,966 | €514,966 | €993 | ▼ 99.8% |
| Tax-exempt reserves132 | - | €993 | €993 | €993 | €993 | = |
| Distributable reserves133 | - | €411,498 | €513,973 | €513,973 | - | - |
| Profit (loss) carried forward14 | - | - | - | - | -€62,356 | - |
| Amounts payable17/49 | €888,686 | €905,110 | €538,114 | €1.4m | €1.6m | ▲ 12.8% |
| Amounts payable after more than one year17 | €67,148 | €102,040 | €44,409 | €319,126 | €304,253 | ▼ 4.7% |
| Financial debts170/4 | - | €102,040 | €44,409 | €319,126 | €304,253 | ▼ 4.7% |
| Amounts payable within one year42/48 | €803,806 | €795,901 | €490,198 | €949,029 | €1.3m | ▲ 32.0% |
| Current portion of amounts payable after more than one year42 | - | €174,765 | €84,829 | €182,476 | €131,438 | ▼ 28.0% |
| Financial debts43 | - | €283,244 | €133,695 | €100,000 | €500,000 | ▲ 400% |
| Credit institutions430/8 | - | €283,244 | €133,695 | €100,000 | €500,000 | ▲ 400% |
| Trade debts44 | €161,014 | €156,664 | €90,265 | €333,604 | €431,564 | ▲ 29.4% |
| Suppliers440/4 | - | €156,664 | €90,265 | €333,604 | €431,564 | ▲ 29.4% |
| Taxes, remuneration and social security45 | - | €177,387 | €177,149 | €243,246 | €189,844 | ▼ 22.0% |
| Taxes450/3 | - | €93,587 | €89,015 | €80,324 | €51,992 | ▼ 35.3% |
| Remuneration and social security454/9 | - | €83,800 | €88,134 | €162,922 | €137,852 | ▼ 15.4% |
| Other amounts payable47/48 | - | €3,842 | €4,261 | €89,703 | - | - |
| Accrued charges and deferred income492/3 | - | €7,168 | €3,506 | €123,394 | €12,419 | ▼ 89.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €162,071 | €350,477 | €102,475 | €89,627 | -€576,329 | ▼ 743% |
| + Depreciation and write-downs630 | €50,652 | €68,553 | €61,014 | €108,943 | €100,329 | ▼ 7.9% |
| Operating cash flow (approximation) | €212,723 | €419,029 | €163,489 | €198,570 | -€476,000 | ▼ 340% |
| Investment in fixed assets (approximation) | - | -€87,581 | €1,837 | -€549,445 | -€28,985 | ▲ 94.7% |
| Change in cash | - | €102,803 | -€120,658 | -€27,002 | -€165,633 | ▼ 513% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€576,329
Net result drops to -€576,329, the lowest in the series.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
20-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Equity above €500,000Eq €592,154 ▲20.9%
5 profitable years in a row build equity to €592,154.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €350,477 ▲116%
Operating result €489,946, net result €350,477, both a record.
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are 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, Gent · 1 establishment unit since 2013
Ground area
4,549 m²
Parcel 44362B0315/00X002, Flanders. Linked by address, not a title deed.
1 establishment unit
CODEVID
since 20132.225.652.627
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0315/00X002 | Flanders | 4,549 m² | - | - |
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
2022 to 2025 · 9 entries · 75,353 EUR awarded · 75,353 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 15,366 EUR | 52,866 EUR |
| 2024 | 2 | 9,000 EUR | 21,500 EUR |
| 2023 | 2 | 50,735 EUR | 735 EUR |
| 2022 | 1 | 252 EUR | 252 EUR |
Federal government
2023 to 2025 · 3 entries · 207,984 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | Defensie | 1 | 51,996 EUR |
| 2024 | Defensie | 1 | 51,996 EUR |
| 2023 | Defensie | 1 | 103,992 EUR |
Budget allocations
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 5,363 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
Founded19-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
72200Scientific research and development
Scores and ratios are computed by Checked and are not a credit decision.