Equity
€310,930 ▼ 9.0%
Codewise paid out €98,476 in dividends. That is 145% of the 2025 profit.
Codewise
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €102,823 (2025)
€102,823▲ 48.1%
lowest -€2,664 (2013)
€67,707▲ 40.2%
peak €388,878 (2018)
€310,930▼ 9.0%
€148,699▲ 438%
Board1 name since 2021
1 director
Documentsfilings and deeds
22-06-202639 days before the deadline
2025micro format
Gross margin from €69,425 to €102,823Result from €48,292 to €67,707Dividend €98,476Debts from €27,630 to €148,699Investments €4,985
Key points
from the 2025 annual accountsDebts
€148,699 ▲ 438%
Debts rose by €121,069 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€4,985 7.1 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 109.2% higher than in 2024.
Liquidity
3.40 was 13.22 in 2024
Short-term debts rose from €27,630 to €132,729.
Filings
21 annual accounts since 2005
Two of the last ten came late. The 2023 accounts came latest: 21 days after the end of the period.
Position in the sector
€67,707
Higher net result than 92% of companies in retail trade. Sector median €4,763 · 25,208 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 20,124 companies had the same profile as Codewise has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 20,124 companies, not a prediction for Codewise. 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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0871083358
Registered office moved within Mechelen
New registered office: Wupstraat 19, 2812 Mechelen (Muizen) · Previous registered office: August Lenaertsstraat 50, 2812 Mechelen (Muizen) · Change of role: , from manager to director · Gazette deed
Capital decrease to €18,550
Capital from €224,608.46 to €18,550 · General meeting of 07-11-2018 · Gazette deed
First establishment
-, Wupstraat 19, Mechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codewise Mechelen | €459,628 | €102,823 | 67.6% | - |
| BACOSE Grimbergen | €422,103 | €90,853 | 69.2% | - |
| COOSERVICES Middelkerke | €534,985 | €93,110 | 74.8% | - |
| HALL - BURO Ixelles | €521,336 | €105,284 | 84.2% | - |
| 't Atelier VASTMANS Genk | €432,866 | €81,619 | 63.0% | - |
| FGH Zandhoven | €594,138 | €123,186 | 33.8% | - |
| ME - SYSTEMS Brasschaat | €560,730 | €133,390 | 83.8% | - |
These companies have the same main activity as Codewise: retail sale of information and communication equipment (NACE 47400). They are comparable in size and age: total assets between €422,000 and €594,000, founded between 2002 and 2005.
Official details
Source: KBO- Status
- Active since 03-01-2005Normal situation
- Activity
- Retail sale of information and communication equipmentNACE 47400and 1 other
- Establishment unit
- 2.144.797.5832812 Mechelen, since 10-01-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 28-08-2023
Annual accounts 2025
- ≈ €620,000estimated
- €459,628▲ 24.4%
- ≈ 0 FTEestimated
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on Codewise
Codewise files the micro format. That format states no turnover. The gross margin rose from €52,726 in 2006 to €102,823 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 Codewise
- What is the company number of Codewise?
- The company number of Codewise is 0871.083.358. The VAT number is the same number with BE in front: BE 0871.083.358.
- Where is Codewise based?
- The registered office is at Wupstraat 19, 2812 Mechelen.Company details
- What does Codewise do?
- According to the KBO register, the main activity is retail sale of information and communication equipment (NACE 47400).
- What is the legal form of Codewise?
- Codewise is a private limited company (BV).
- When was Codewise founded?
- Codewise was founded on 03-01-2005.
- Is Codewise still active?
- Yes, Codewise is an active enterprise in the KBO register.
- What is the turnover of Codewise?
- The turnover in financial year 2025 is ≈ €620,000. This figure is estimated from the gross margin of €102,823 and 212 comparable companies (NACE 47). It probably lies between €340,000 and €980,000.Financials
- Is Codewise profitable?
- In financial year 2025, Codewise made a profit of €67,707.
- Where can I find the annual accounts of Codewise?
- Codewise filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Codewise due?
- Codewise must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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