CODIFLY
ActiveCODIFLY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.71M and a net result of €161k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
86
/ 100
Excellent▼ -2 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability47▼-17
Solvency100▲+22
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 3.03 against 1.0 in 2023), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
73.2%
Return on assets
6.9%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
71 d late
2023
69 d late
2022
70 d late
2021
26 d late
2020
25 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.71M▲ 10.4%
2023 · €1.55M
2019: €254k
2020: €576k
2021: €1.15M
2022: €1.35M
2023: €1.55M
2019 → 2024
Total assets
€2.33M▲ 7.0%
2023 · €2.18M
2019: €603k
2020: €1.08M
2021: €1.49M
2022: €1.82M
2023: €2.18M
2019 → 2024
Net result
€161k▼ 18.0%
2023 · €197k
2019: €248k
2020: €322k
2021: €570k
2022: €543k
2023: €197k
2019 → 2024
Working capital
€428k▲ 408,834%
2023 · €105
2019: €68k
2020: €47k
2021: €277k
2022: €7k
2023: €105
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€576k-€1.15M▲ 99.0%€1.35M▲ 17.6%€1.55M▲ 14.6%€1.71M▲ 10.4%
Operating result€405k-€715k▲ 76.5%€643k▼ 10.1%€245k▼ 61.9%€194k▼ 20.7%
Net result€322k-€570k▲ 77.2%€543k▼ 4.9%€197k▼ 63.7%€161k▼ 18.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 21% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.33M
Fixed assets
€1.69M▲ 9.4%
Current assets
€638k▲ 1.0%
Equity and liabilities €2.33M
Equity
€1.71M▲ 10.4%
Debt
€625k▼ 1.5%
The debt ratio falls from 29.1% to 26.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€424k▼
2023 · €440k
Cash flow
€391k▼
2023 · €392k
Solvency
73.2%▲
2023 · 70.9%
Current ratio
3.03▲
2023 · 1.00
Quick ratio
3.03▲
2023 · 1.00
Debt / equity
0.37▼
2023 · 0.41
ROE
9.5%▼
2023 · 12.7%
ROA
6.9%▼
2023 · 9.0%
Interest coverage
46.45▼
2023 · 109.32
Debt
€625k▼
2023 · €635k
Debt ≤ 1 year
€210k▼
2023 · €632k
Debt > 1 year
€414k
Income taxes
€23k▼
2023 · €44k
Staff costs
€984k▲
2023 · €982k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.18M€2.33M▲
Fixed assets21/28€1.55M€1.69M▲
Intangible fixed assets21€1.40M€1.60M▲
Tangible fixed assets22/27€153k€99k▼
Land and buildings22€2k€1k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€146k€94k▼
Financial fixed assets28€240€240=
Current assets29/58€632k€638k▲
Amounts receivable within one year40/41€546k€627k▲
Trade receivables40€470k€495k▲
Other amounts receivable41€76k€132k▲
Cash at bank and in hand54/58€84k€10k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€2.18M€2.33M▲
Equity10/15€1.55M€1.71M▲
Contributions10/11€19k€19k=
Reserves13€1.53M€1.69M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€1.53M€1.69M▲
Amounts payable17/49€635k€625k▼
Amounts payable after more than one year17-€414k
Financial debts170/4-€414k
Amounts payable within one year42/48€632k€210k▼
Current portion of amounts payable after more than one year42-€15k
Trade debts44€437k€7k▼
Suppliers440/4€437k€7k▼
Taxes, remuneration and social security45€195k€169k▼
Taxes450/3€90k€70k▼
Remuneration and social security454/9€105k€98k▼
Other amounts payable47/48-€20k
Accrued charges and deferred income492/3€3k€860▼
Income statement
Code20232024
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€982k€984k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€195k€230k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€1.42M€1.41M▼
Operating profit (loss)9901€245k€194k▼
Financial income75/76B€290€0▼
Recurring financial income75€290€0▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€241k€185k▼
Income taxes67/77€44k€23k▼
Profit (loss) for the period9904€197k€161k▼
Profit (loss) for the period to be appropriated9905€197k€161k▼
Appropriation of the result
Profit (loss) to be appropriated9906€197k€161k▼
Transfer to equity691/2€197k€161k▼
To other reserves6921€197k€161k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet €161k ▼18%
Net result drops to €161k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 1.00 to 3.03; short-term debt falls from €632k to €210k.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 69 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Highest result since 2019net €570k ▲77.2%
Operating result €715k, net result €570k, both a record.
31-12
Financial
Equity above €1MEq €1.15M ▲99%
3 profitable years in a row build equity to €1.15M.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €500kEq €576k ▲127%
2 profitable years in a row build equity to €576k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Affligem · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schaapschuur 11790 AffligemGround area
8,046 m²
Building footprint
1,282 m²
Parcel 23030B0339/00H002, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
CODIFLY
since 20192.283.561.726
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23030B0339/00H002 | Flanders | 8,045 m² | 1 · 1,281 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Karomia
BE 1004.945.239
Gent · Eq €1.71M
BILLIT
BE 0563.846.944
Gent · Eq €1.70M
Emweb
BE 0895.941.983
Herent · Eq €1.70M
NSX
BE 0840.966.838
Niel · Eq €1.71M
CLUSTEO
BE 0441.430.469
Elsene · Eq €1.72M
Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 2,978 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-01-2019
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62020IT consultancy
62100Computer programming
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.