Equity
Equity fell by 73% in 4 years.
Equity fell by 73% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
The micro format states no turnover.
Short-term debts fell from €5,349 to €230.
The 2018 accounts came 31 days late. The other seven were filed on time.
Higher solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,217 companies.
The dashed line is the sector median: 0.1% across 25,933 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 85% of them on solvency, 50% on liquidity, 21% on profitability and 26% on growth.
The bankruptcy probability was computed on 10-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 3,591 companies had the same profile as CODICTED has now. Each dot stands for 9 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODICTED itself is lower: 0.1% within 12 months. It rests on far more data about CODICTED than the profile alone.
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 3,591 companies, not a prediction for CODICTED. 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.
Liquidity is ample, with a current ratio of 21.59 (1.52 in 2024), above the usual 1.5. Short-term debt is 1.4% and cash 13.6% of total assets. 1.4% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 46 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.
These companies have the same main activity as CODICTED: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €12,200 and €22,600, founded between 2016 and 2020.
CODICTED files the micro format. That format states no turnover. The gross margin fell from €45,463 in 2018 to €3,153 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €17,000. Estimated: probably between €8,100 and €33,000.
Higher than 95% of 21,217 companies in 2025.
Higher than 95% of 20,581 companies in 2025.
Higher than 8% of 20,756 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
16,602 | 25,012 | 26,350 | 47,521 | 82,646 | 69,273 | 70,575 | 55,737 | |
20 |
- | - | - | - | - | - | - | 322 | |
21/28 |
11,642 | 16,896 | 8,726 | 11,825 | 15,159 | 17,748 | 17,895 | - | |
22/27 |
11,642 | 16,896 | 8,726 | 11,825 | 15,159 | 17,748 | 17,895 | - | |
22 |
3,452 | 5,384 | 7,315 | 9,247 | 11,208 | 13,484 | 16,153 | - | |
23 |
- | 298 | 828 | 1,358 | 1,888 | 2,418 | - | - | |
24 |
8,190 | 11,214 | 583 | 1,220 | 2,063 | 1,846 | 1,742 | - | |
29/58 |
4,960 | 8,116 | 17,624 | 35,697 | 67,488 | 51,525 | 52,680 | 55,415 | |
40/41 |
452 | 4,227 | 5,832 | 3,492 | 8,232 | 3,642 | 14,188 | 23,540 | |
40 |
- | 4,227 | 5,407 | 2,949 | 5,264 | 3,642 | 10,925 | 23,202 | |
41 |
452 | - | 425 | 542 | 2,968 | - | 3,264 | 337 | |
54/58 |
2,253 | 1,748 | 6,721 | 24,229 | 48,301 | 33,939 | 21,488 | 30,947 | |
490/1 |
2,255 | 2,140 | 5,071 | 7,976 | 10,954 | 13,944 | 17,003 | 928 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
16,602 | 25,012 | 26,350 | 47,521 | 82,646 | 69,273 | 70,575 | 55,737 | |
10/15 |
16,372 | 19,662 | 23,250 | 36,012 | 61,650 | 53,217 | 40,213 | 37,664 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | |
13 |
53,707 | 53,707 | 53,707 | 53,707 | 55,450 | 47,017 | 34,013 | 31,464 | |
130/1 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
132 |
- | - | - | - | - | - | 806 | - | |
133 |
53,707 | 53,707 | 51,847 | 51,847 | 53,590 | 45,157 | 31,347 | 29,604 | |
14 |
-43,535 | -40,245 | -36,657 | -23,895 | - | - | - | - | |
17/49 |
230 | 5,349 | 3,100 | 11,509 | 20,996 | 16,055 | 30,362 | 18,073 | |
42/48 |
230 | 5,349 | 3,100 | 11,509 | 20,996 | 16,055 | 30,362 | 18,073 | |
44 |
18 | 34 | 2,655 | 4,316 | 4,955 | 3,347 | 5,398 | 1,429 | |
440/4 |
18 | 34 | 2,655 | 4,316 | 4,955 | 3,347 | 5,398 | 1,429 | |
45 |
211 | 616 | 445 | 236 | 13,256 | 9,618 | 19,152 | 16,644 | |
450/3 |
211 | 616 | 445 | 236 | 10,403 | 6,765 | 14,893 | 16,644 | |
454/9 |
- | - | - | - | 2,852 | 2,852 | 4,259 | - | |
47/48 |
- | 4,699 | - | 6,958 | 2,785 | 3,090 | 5,811 | - | |
| Income statement | |||||||||
9900 |
3,153 | 1,380 | -8,473 | -20,905 | 16,435 | 23,162 | 10,055 | 45,463 | |
630 |
5,254 | 3,736 | 3,098 | 3,334 | 4,338 | 3,953 | 4,269 | 965 | |
640/8 |
938 | 959 | 962 | 978 | 145 | 144 | 25 | 13 | |
9901 |
-3,039 | -3,315 | -12,533 | -25,217 | 11,952 | 19,064 | 5,761 | 44,486 | |
75/76B |
- | - | 8 | 0 | 17 | 54 | - | - | |
75 |
- | - | 8 | 0 | 17 | 54 | - | - | |
65/66B |
150 | 163 | 120 | 186 | 105 | 785 | 2,780 | 459 | |
65 |
150 | 163 | 120 | 186 | 105 | 785 | 2,780 | 459 | |
9903 |
-3,189 | -3,477 | -12,645 | -25,403 | 11,864 | 18,333 | 2,982 | 44,027 | |
67/77 |
101 | 110 | 116 | 236 | 3,431 | 5,329 | 433 | 12,563 | |
9904 |
-3,290 | -3,588 | -12,762 | -25,639 | 8,433 | 13,004 | 2,549 | 31,464 | |
789 |
- | - | - | - | - | 806 | - | - | |
689 |
- | - | - | - | - | - | 806 | - | |
9905 |
-3,290 | -3,588 | -12,762 | -25,639 | 8,433 | 13,810 | 1,743 | 31,464 | |
| Appropriation of the result | |||||||||
9906 |
-43,535 | -40,245 | -36,657 | -25,639 | 8,433 | 13,810 | 1,743 | 31,464 | |
14P |
-40,245 | -36,657 | -23,895 | - | - | - | - | - | |
791/2 |
- | - | - | 1,743 | - | - | - | - | |
691/2 |
- | - | - | - | 8,433 | 13,810 | 1,743 | 31,464 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 8,433 | 13,810 | 1,743 | 29,604 | |
| Document | |||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 29-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-05-2026 | 2026-00130836 | |
| 31-12-2024 | micro format | 02-06-2025 | 2025-00113767 | |
| 31-12-2023 | micro format | 19-06-2024 | 2024-00149501 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00198446 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20040414 | |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27300419 | |
| 31-12-2019 | micro format | 26-06-2020 | 2020-21700464 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-60400259 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 2,215 | 421 | -9,434 | -21,883 | 16,289 | 23,018 | 10,030 | 45,451 | ||
| 1,964 | 149 | -9,663 | -22,305 | 12,770 | 16,957 | 6,818 | 32,429 | ||
| 0 | 11,906 | 0 | 0 | 1,748 | 3,806 | 21,842 | - | ||
| 505 | -4,973 | -17,508 | -24,072 | 14,362 | 12,451 | -9,459 | - | ||
| 4,730 | 2,766 | 14,524 | 24,187 | 46,492 | 35,470 | 22,318 | 37,342 | ||
| 98.6% | 78.6% | 88.2% | 75.8% | 74.6% | 76.8% | 57.0% | 67.6% | ||
| 21.59 | 1.52 | 5.69 | 3.10 | 3.21 | 3.21 | 1.74 | 3.07 | ||
| 0.01 | 0.27 | 0.13 | 0.32 | 0.34 | 0.30 | 0.76 | 0.48 | ||
| -20.1% | -18.2% | -54.9% | -71.2% | 13.7% | 24.4% | 6.3% | 83.5% | ||
| -19.8% | -14.3% | -48.4% | -54.0% | 10.2% | 18.8% | 3.6% | 56.5% | ||
| 14.77 | 2.59 | -78.62 | -117.46 | over 100 | - | - | - |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €11,906 | - | - | €1,748 |
| €5,254 | €3,736 | €3,098 | €3,334 | €4,338 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €3,039, smaller than the loss of €3,315 in 2024.
Debt's share of the balance-sheet total falls from 21.4% to 1.4%. Equity and debt are lower.
CODICTED has no parent and no holdings in its annual accounts. PRIJCK Frederik is the only director. CODICTED shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 9 April 2018, CODICTED was incorporated by two natural persons, with a starting capital of €18,600.12 PRIJCK Frederik has served as manager since 2019.3 Total assets went from €55,737 in 2018 to €16,602 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Geraardsbergsestraat 56 registered office 9660 Brakel | 09-04-2018 | 2.276.307.809 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45028C0312/00G000 | 1,768 m² | 1 · 92 m² | - |
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