Codexcity
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Codexcity has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,707) and a net result of €3,573. Its solvency ranks better than 7% of 21,130 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 14-07-2023 Normal situation
- Legal form
- Private limited company
- Registered office
- Leopoldstraat 93/2, 2800 Mechelen
- Activity
- Computer programming NACE 62100and 3 others
- Establishment unit
- 2.347.528.969 2800 Mechelen, since 14-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €4,775
- Turnover
- ≈ €26,000
- estimated
- Profit
- €3,573
- Equity
- -€1,707
- ▲ 67.7%
- Total assets
- €10,958
- ▼ 40.4%
Score breakdownraises riskCapped at 59: negative equityNegative equity -€1,707lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €10,958Liquidity: current ratio 0.73, cash €4,192Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 7% of them on solvency, 23% on liquidity, 82% on profitability and 84% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
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).
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Signals
The company filed its last 2 accounts on average 34 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)
Financials · financial year 2025, micro format
2025 annual accounts filed 4 days after the deadline Filed on 4 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393771.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 04-08-2026
- Format
- micro format
- Reference
- 2026-00393771
2024 to 2025, 2 financial years
The operating result for 2025 is a profit of €3,982, after a loss of €7,559 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 1,017 companies had the same profile as Codexcity has now. Two years later, 6.5% had gone bankrupt and 89.2% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Codexcity itself is lower: 0.2% within 12 months. It rests on far more data about Codexcity than the profile alone.
Test of the method
The method was tested on the 497,445 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 1,017 companies, not a prediction for Codexcity. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €391 | - |
| Other operating charges640/8 | €148 | €402 | ▲ 172% |
| Gross operating margin9900 | -€7,411 | €4,775 | - |
| Operating profit (loss)9901 | -€7,559 | €3,982 | - |
| Financial income75/76B | €4 | €5 | ▲ 24.1% |
| Recurring financial income75 | €4 | €5 | ▲ 24.1% |
| Financial charges65/66B | €225 | €414 | ▲ 84.3% |
| Recurring financial charges65 | €225 | €414 | ▲ 84.3% |
| Profit (loss) for the period before taxes9903 | -€7,780 | €3,573 | - |
| Profit (loss) for the period9904 | -€7,780 | €3,573 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,780 | €3,573 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €18,391 | €10,958 | ▼ 40.4% |
| Fixed assets21/28 | - | €1,748 | - |
| Tangible fixed assets22/27 | - | €1,748 | - |
| Furniture and vehicles24 | - | €1,748 | - |
| Current assets29/58 | €18,391 | €9,210 | ▼ 49.9% |
| Amounts receivable within one year40/41 | €18,028 | €3,932 | ▼ 78.2% |
| Trade receivables40 | €17,827 | €3,678 | ▼ 79.4% |
| Other amounts receivable41 | €201 | €254 | ▲ 26.0% |
| Cash at bank and in hand54/58 | €357 | €4,192 | ▲ 12× |
| Deferred charges and accrued income490/1 | €6 | €1,086 | ▲ 181× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €18,391 | €10,958 | ▼ 40.4% |
| Equity10/15 | -€5,280 | -€1,707 | ▲ 67.7% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€7,780 | -€4,207 | ▲ 45.9% |
| Amounts payable17/49 | €23,671 | €12,665 | ▼ 46.5% |
| Amounts payable within one year42/48 | €23,671 | €12,665 | ▼ 46.5% |
| Financial debts43 | €340 | €2,500 | ▲ 635% |
| Credit institutions430/8 | €340 | €2,500 | ▲ 635% |
| Trade debts44 | €1,835 | €3,863 | ▲ 111% |
| Suppliers440/4 | €1,835 | €3,863 | ▲ 111% |
| Taxes, remuneration and social security45 | €6,759 | €3,226 | ▼ 52.3% |
| Taxes450/3 | €4,925 | €3,226 | ▼ 34.5% |
| Remuneration and social security454/9 | €1,834 | €0 | ▼ 100% |
| Other amounts payable47/48 | €14,738 | €3,075 | ▼ 79.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€7,780 | €3,573 | - |
| + Depreciation and write-downs630 | - | €391 | - |
| Operating cash flow (approximation) | -€7,780 | €3,964 | - |
| Change in cash | - | €3,835 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Comparable companies
These companies have the same main activity as Codexcity: computer programming (NACE 62100). They are comparable in size and age: total assets between €9,440 and €13,400, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Codexcity Mechelen | 2023 | €10,958 | -€1,707 | €4,775 | €3,573 | 2025 |
| STASTECH Juprelle | 2023 | €12,424 | €8,862 | €5,579 | €2,706 | 2025 |
| ALMITEE Merelbeke-Melle | 2023 | €10,590 | €6,488 | €3,401 | €1,731 | 2025 |
| MILAN-IT Overijse | 2022 | €13,367 | €1,843 | €3,909 | -€50,499 | 2025 |
| TREKPROJECT Meise | 2022 | €10,017 | €4,217 | €6,356 | €4,385 | 2025 |
| HolisDev Vorst | 2023 | €10,468 | €8,174 | €7,186 | €5,441 | 2025 |
| CurrVit Gent | 2022 | €9,442 | €8,048 | €4,909 | €3,389 | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
- end not dated
| Name | Functions and periods |
|---|---|
| Stiens Fred |
|
| STIENS Freddy Mario Alain |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Één of meer bestuurders, algemene kosten, los van representatie-, reis- en verplaatsingskosten”“1”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- One provision in the deed
Articles of association, deed of 18-07-2023
Owners and capital
Capital transactions
- STIENS Freddy Mario Alain founder
- STIENS Freddy 100 shares (100%) · €2,500
- 18-07-2023 Incorporation · €2,500 · 100 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Administratieve zetels,agentschappen,exploitatiezetels en bijkantoren, voor zover geen wijziging toepasselijk taalregime”“Drie jaar, één of meerdere”“Buitengewone algemene vergadering, drie weken”“Oproeping algemene vergadering, tenminste vijftien dagen voor algemene vergadering”“Notulen en aanwezigheidslijst, register op zetel”“Winstverdeling, algemene vergadering”Liquidation distribution: “Netto actief naar verhouding aantal aandelen, aanzuivering schulden,lasten,kosten of consignatie en evenwicht bij niet-volgestorte aandelen”4 more provisions in the deed, see the deed of 18-07-2023
Articles of association, deed of 18-07-2023 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from the directors of Codexcity. Every other company they run is a node.
History
Acts, filings and financial milestones
18-07
Gazette deed
IncorporationAppointment: STIENS Freddy Mario Alain (director) · Founder · Founding capital15 points ▸
- Founder, STIENS Freddy Mario Alain
- Incorporation, 13-07-2023
- Founding capital, €2,500
- Other provision, 06-06-2023
- Other provision, “oprichtersaansprakelijkheid, faillissement binnen drie jaar na verkrijging rechtspersoonlijkheid” (deed in Dutch)
- Founder, STIENS Freddy Mario Alain (inschrijver)
- Board rule, 1
- Director appointment, STIENS Freddy Mario Alain (director)
- Registered office clause, “2800 Mechelen,Leopoldstraat 93/2” (deed in Dutch)
- Pre-incorporation commitments, “takeover, verbintenissen,verplichtingen en activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Other provision, “oprichtingskosten”, 1210 (deed in Dutch)
- Power of attorney, Katrien Honinckx
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12403D0079/00T002 | Flanders | 278 m² | 1 · 203 m² | 24.4 m · 7 |