Equity
-€22,344
Debts exceed assets in financial year 2025.
CODEX CONSULTANCY
Overview
Lifetime
3 annual accounts with figures on one time axispeak €1,818 (2024)
-€621▼ €2,439
lowest -€13,555 (2023)
-€8,773▼ €5,756
peak -€10,555 (2023)
-€22,344▼ €8,773
€46,982▲ 90.2%
Board1 name since 2022
1 directorKICHOUH Younes
Documentsfilings and deeds
13-10-202674 days late
2025micro format
Gross margin from €1,818 to -€621Loss of €8,773Equity from -€13,571 to -€22,344Debts from €24,695 to €46,982Cash from €3,574 to €29
Key points
from the 2025 annual accountsLosses
-€25,344 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€46,982 191% of the balance sheet
Suppliers 5%Taxes and wages 8%Other 88%
Filings
3 annual accounts 74 days
Latest accounts filed late: after the legal deadline.
Starting capital
€3,000 200 shares
Position in the sector
-90.7%
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
Turnover not published (micro format)
Checked score
52
Fair
Financially stronger than 5% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 1.8%▲ +1.2 percentage points vs 03-2025
05-2025: 1.8%● unchanged vs 04-2025
06-2025: 1.7%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%● unchanged vs 06-2025
08-2025: 2.2%▲ +0.5 percentage points vs 07-2025
09-2025: 2.4%▲ +0.2 percentage points vs 08-2025
10-2025: 3.7%▲ +1.3 percentage points vs 09-2025
11-2025: 3.4%▼ -0.3 percentage points vs 10-2025
12-2025: 4.0%▲ +0.6 percentage points vs 11-2025
01-2026: 5.4%▲ +1.4 percentage points vs 12-2025
02-2026: 5.4%● unchanged vs 01-2026
03-2026: 5.7%▲ +0.3 percentage points vs 02-2026
04-2026: 5.2%▼ -0.5 percentage points vs 03-2026
05-2026: 5.2%● unchanged vs 04-2026
06-2026: 4.8%▼ -0.4 percentage points vs 05-2026
07-2026: 4.8%● unchanged vs 06-2026
08-2026: 6.4%▲ +1.6 percentage points vs 07-2026highest value
09-2026: 6.4%● unchanged vs 08-2026highest value
10-2026: 1.8%▼ -4.6 percentage points vs 09-2026
11-2026: 1.8%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 74 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.52, cash €29, halved
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €24,638
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 3% of them on solvency, 1% on liquidity, 5% on profitability and 11% on growth.
The bankruptcy probability was computed on 08-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 7,639 companies had the same profile as CODEX CONSULTANCY has now. Each dot stands for 20 companies, two years later.
84.8%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CODEX CONSULTANCY itself: 1.8% within 12 months.
Test of the method
The method was tested on the 497,447 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 7,639 companies, not a prediction for CODEX CONSULTANCY. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.52 (0.44 in 2024), below 1. Short-term debt is 190.7% and cash 0.1% of total assets. Equity is negative.
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
Six signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€22,344
raises risk · 2025 accounts filed 74 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-10-2026, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
74 days late
2024
439 days late
2023
231 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 248 days after 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. The company usually files around 19 March (3 of the last 3 accounts filed within 207 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0791785165
Incorporation
Founding capital of €3,000, 200 shares · Founder: KICHOUH Younes (comparant,oprichter) · Appointment: KICHOUH Younes (director) · published on 05-10-2022 · Gazette deed
First establishment
Jachtlaan 133/135, Etterbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEX CONSULTANCY Etterbeek | €24,638 | -€621 | -90.7% | - |
| EXECUTXR Brussels | €25,258 | -€10,961 | -18.7% | - |
| UNDERTEC Uccle | €25,737 | -€1,282 | 10.6% | - |
| MY CRAFT SOLUTIONS Anderlecht | €27,351 | -€3,633 | 69.6% | - |
| QINZ CONSULTING Anderlecht | €20,522 | -€30,137 | 59.1% | - |
| Propeller Professional Services Berchem-Sainte-Agathe | €21,121 | -€1,362 | 7.9% | - |
| LET'S DO BRUNCH Antwerp | €23,905 | -€6,417 | 96.0% | - |
These companies have the same main activity as CODEX CONSULTANCY: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €20,500 and €27,400, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 03-10-2022Normal situation
- Registered office
- 165 active companies are registered at this address8 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 5 others
- Establishment unit
- 2.336.239.7531040 Etterbeek, since 03-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 12-01-2026
Annual accounts 2025
- -€621
- €8,773▲ 191%
- -€22,344▼ 64.6%
- €24,638▲ 121%
- Filing
- Filed on 13-10-2026
Insights on CODEX CONSULTANCY
CODEX CONSULTANCY files the micro format. That format states no turnover. The gross margin rose from -€10,007 in 2023 to -€621 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 13-10-2026, 74 days late-€621
▼ €2,439
-€4,175
▼ €5,913
-€8,773
▼ €5,756
-€22,584
▼ €8,773
-90.7%
▲ 31.3 percentage points
0.52
▲ 0.08
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €24,638 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-90.7%
Lower than 95% of 21,206 companies in 2025.
0.52
Higher than 6% of 20,569 companies in 2025.
-35.6%
Lower than 95% of 20,744 companies in 2025.
CODEX CONSULTANCY
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
24,638 | 11,124 | 8,550 | |
21/28 |
240 | 240 | 240 | |
28 |
240 | 240 | 240 | |
29/58 |
24,398 | 10,884 | 8,310 | |
40/41 |
7,905 | 7,310 | 2,910 | |
40 |
- | 1,797 | - | |
41 |
7,905 | 5,513 | 2,910 | |
54/58 |
29 | 3,574 | 5,400 | |
490/1 |
16,464 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
24,638 | 11,124 | 8,550 | |
10/15 |
-22,344 | -13,571 | -10,555 | |
10/11 |
3,000 | 3,000 | 3,000 | |
14 |
-25,344 | -16,571 | -13,555 | |
17/49 |
46,982 | 24,695 | 19,105 | |
42/48 |
46,982 | 24,695 | 19,105 | |
44 |
2,118 | 1,937 | 1,797 | |
440/4 |
2,118 | 1,937 | 1,797 | |
45 |
3,622 | 3,622 | - | |
450/3 |
3,622 | 3,622 | - | |
47/48 |
41,242 | 19,136 | 17,308 | |
| Income statement | ||||
9900 |
-621 | 1,818 | -10,007 | |
640/8 |
3,554 | 80 | 650 | |
9901 |
-4,175 | 1,738 | -10,657 | |
75/76B |
- | 184 | 70 | |
75 |
- | 184 | 70 | |
65/66B |
4,598 | 4,938 | 2,968 | |
65 |
4,598 | 4,938 | 2,968 | |
9903 |
-8,773 | -3,016 | -13,555 | |
9904 |
-8,773 | -3,016 | -13,555 | |
9905 |
-8,773 | -3,016 | -13,555 | |
| Appropriation of the result | ||||
9906 |
-25,344 | -16,571 | -13,555 | |
14P |
-16,571 | -13,555 | - | |
| Document | ||||
The notes to these accounts have 2 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 13-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 74 days after the deadline. Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00557174.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| - | - | 240 | ||
| -3,545 | -1,826 | - | ||
| -22,584 | -13,811 | -10,795 | ||
| -90.7% | -122.0% | -123.5% | ||
| 0.52 | 0.44 | 0.43 | ||
| -35.6% | -27.1% | -158.5% |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Financial fixed assets | - | - | €240 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on CODEX CONSULTANCY
The operating result for 2025 is a loss of €4,175, after a profit of €1,738 in 2024.
Equity is negative. Debt (€46,982) exceeds the balance-sheet total (€24,638).
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 05-10-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 13-10-2026
Mandates through the years
1 name, the dashed line is todayKICHOUH Younes
Director
Director
Board
Mandates as a list
- KICHOUH Younes
- Director, appointed by deed of 05-10-2022, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 200
- Contribution per share
- €15
- Equity per share
- -€112 in 2025
- Source
- deed of 05-10-2022
Articles of association
deed of 05-10-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 05-10-2022 ↗
- KICHOUH Younes 200 shares (100%) · €3,000 in cash
Network & group
No group
CODEX CONSULTANCY has no parent and no holdings in its annual accounts. KICHOUH Younes is the only director. CODEX CONSULTANCY shares no director with another company.
Timeline
Timeline
6 events since 2022Filings
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2024 filed NBBmicro format · 439 days late
Annual accounts 2025 filed NBBmicro format · 74 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0791785165
2025
Annual accounts 2023 filed PDFmicro format · 231 days late
2022
IncorporationFounding capital of €3,000, 200 shares · Founder: KICHOUH Younes (comparant,oprichter) · Appointment: KICHOUH Younes (director) · published on 05-10-20225 points ▸
- Founder, KICHOUH Younes (comparant,oprichter)
- Founding capital, €3,000, 200 shares
- Registered office clause, Jachtlaan 133/135, 1040 Brussel
- Board rule, 1
- Director appointment, KICHOUH Younes
- The deed holds 6 more points.
First establishment Jachtlaan 133/135, Etterbeek
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
CODEX CONSULTANCY was incorporated on 3 October 2022 as a private limited company by one natural person, with a starting capital of €3,000.12 KICHOUH Younes is director of the company, appointed by deed of 05-10-2022.2 Total assets rose from €8,550 in 2023 to €24,638 in 2025.3
Company details
Identity
- Enterprise number
- 0791.785.165
- VAT number
- BE 0791.785.165
- Peppol ID
- 0208:0791785165
- Other Peppol ID
- 9925:BE0791785165
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-10-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Tuesday of June at 18:00deed of 05-10-2022 (in Dutch)
- Peppol
- Reachable since 12-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODEX CONSULTANCY in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 05-10-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Brussels Hoofdstedelijk Gewest”deed of 05-10-2022 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
73110
Advertising agencies
Codes under NACEBEL 2008
62020
IT consultancy main activity
58290
Publishing activities
62010
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63990
Computing infrastructure, data processing, hosting and other information service activities
73110
Advertising, market research and public relations activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Overige zakelijke dienstverlening; Het beheer uitoefenen over alle roerende en onroerende goederen die haar toebehoren,alsook alle…”deed of 05-10-2022 (in Dutch)
16 activities
- Overige zakelijke dienstverlening;
- Het beheer uitoefenen over alle roerende en onroerende goederen die haar toebehoren,alsook alle bewerkingen doen van roerende en onroerende aard.
- Ontwerp en voeren van reclame- en promotiecampagnes voor derden via de verschillende media;
- Ontwerpen van publicitaire tekeningen en slogans;
- Functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen
- Uitgeven van software;
- Ontwerpen en programmeren van computerprogramma’s;
- Computerconsultancy-activiteiten;
- Verlenen van advies aan gebruikers over soorten computers en hun configuratie en de toepassing van bijhorende programmatuur;
- Belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met identiek,gelijklopend of samenhangend voorwerp of die ontwikkeling onderneming kunnen begunstigen of bron van afzetten vormen
- Al dan niet permanent verwerken van gegevens met behulp van eigen programma of een programma van de klant;
- Invoeren van gegevens – volledige verwerking van gegevens;
- De creatie,ontwikkeling,verbetering,herstelling,installatie,verkoop,distributie,commercialisering,algemene vertegenwoordiging van website,logo’s,grafisch materiaal,zowel hardware als software;
- Alle mogelijke advies- en/of dienstenfuncties op het vlak van software,hardware,enzovoort;
- Zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren,in de meest ruime zin
- Volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die rechtstreeks of onrechtstreeks verband houden met voorwerp of verwezenlijking geheel of ten dele vergemakkelijken
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Jachtlaan 133/135 registered office 1040 Etterbeek | 03-10-2022 | 2.336.239.753 |
Buildings and parcels at the address
- Ground area
- 75 m²
- Buildings
- 63 m²
- Volume, LiDAR
- 859 m³
- Tallest building
- 17.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21364B0183/00H003 | 75 m² | 1 · 63 m² | 17.8 m · 5 |
Contact
E-mail
codex.consultancy@gmail.com