Equity
€62,925 ▼ 9.8%
CodeWaves paid out €51,000 in dividends. That is 115% of the 2025 profit.
CodeWaves
Lifetime
9 annual accounts with figures on one time axis, 10 filings since 2016peak €86,423 (2023)
€72,382▼ 9.2%
peak €60,841 (2023)
€44,191▼ 12.5%
peak €131,634 (2019)
€62,925▼ 9.8%
€54,662▼ 39.3%
Board2 names since 2016
1 director
Documentsfilings and deeds
29-12-2025122 days before the deadline
2025micro format
Dividend €51,000Debts from €90,126 to €54,662Cash from €90,799 to €49,781
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as CodeWaves has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
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 34,693 companies, not a prediction for CodeWaves. 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
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Signals
Recent changes
Company renamed from THE CODE BAKERY to CodeWaves
Appointment: (director) · “De vennootschap heeft tot voorwerp: - Het ontwerpen en ontwikkelen van software voor computer, web-en mobiele…” (deed in Dutch) · General meeting of 28-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0646983268
Change of role: , from manager to director
General meeting of 20-06-2023 · Gazette deed
Incorporation
published on 28-01-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CodeWaves Rumst | €117,586 | €72,382 | 53.5% | - |
| GLENN DIERCKX Brasschaat | €114,478 | €68,187 | 5.2% | - |
| Ad-IT Consulting Beerse | €112,155 | €67,947 | 4.5% | - |
| Plutus Edegem | €105,717 | €79,393 | 25.5% | - |
| ARANEA Antwerp | €130,865 | €81,494 | 17.8% | - |
| SMARTWINKLE Beauvechain | €120,912 | €66,839 | 20.9% | - |
| B.A. ICT Grimbergen | €123,809 | €66,329 | 52.5% | - |
These companies have the same main activity as CodeWaves: computer programming (NACE 62100). They are comparable in size and age: total assets between €106,000 and €131,000, founded between 2014 and 2017.
Official details
Source: KBO- Status
- Active since 26-01-2016Normal situation
- Activity
- Computer programmingNACE 62100and 3 others
- Establishment unit
- 2.249.805.0332840 Rumst, since 26-01-2016
- Financial year end
- 30 September
- Peppol
- Reachable since 26-09-2025
Annual accounts to 30-09-2025
- €117,586▼ 26.4%
- Filing
- Filed on 29-12-2025, 122 days before the end of the filing period
Insights on CodeWaves
CodeWaves files the micro format. That format states no turnover. The gross margin rose from €45,770 in 2017 to €72,382 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CodeWaves
- What is the company number of CodeWaves?
- The company number of CodeWaves is 0646.983.268. The VAT number is the same number with BE in front: BE 0646.983.268.
- Where is CodeWaves based?
- The registered office is at Molenstraat 213, 2840 Rumst.Company details
- What does CodeWaves do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of CodeWaves?
- CodeWaves is a private limited company (BV).
- When was CodeWaves founded?
- CodeWaves was founded on 26-01-2016.
- Is CodeWaves still active?
- Yes, CodeWaves is an active enterprise in the KBO register.
- What is the turnover of CodeWaves?
- The turnover in financial year 2025 is ≈ €170,000. This figure is estimated from the gross margin of €72,382 and 41 comparable companies (NACE 62100). It probably lies between €140,000 and €220,000.Financials
- Is CodeWaves profitable?
- In financial year 2025, CodeWaves made a profit of €44,191.
- Where can I find the annual accounts of CodeWaves?
- CodeWaves filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CodeWaves due?
- CodeWaves must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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