CODIFLY
ActiveSummary
CODIFLY has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €87,888. Equity has been growing by about 18% per year since 2019. Its solvency ranks better than 60% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-01-2019 Normal situation
- Registered office
- 12 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- Computer consultancy and computer facilities management NACE 62200and 1 other
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.283.561.726 1790 Affligem, since 03-01-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 03-07-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €1.4m
- ▼ 3.3%
- Turnover
- ≈ €3.2m
- estimated
- Profit
- €87,888
- ▼ 45.6%
- Equity
- €1.8m
- ▲ 5.1%
- Total assets
- €2.6m
- ▲ 11.5%
- Employees on 31-12-2025
- 16
- ▼ 20.0%
- 2025 accounts filed 77 days after the deadline
Score breakdownraises riskLast filed accounts filed 77 days late; 3 of the last 3 accounts latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €2.6mFigures for financial year 2025 (filed on 16-10-2026)Show the evidence
Checked score
About 1 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, small). It does better than 81% of them on solvency, 77% on liquidity, 58% on profitability and 45% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 53 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)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 77 days after the deadline Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560343.
Annual accounts 2025 filed on 16-10-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 43% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
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.
Average staff per financial year, in full-time equivalents (FTE).
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, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 23 | 19 | 20 | 16 |
| full-time | 12 | 19 | 16 | 16 | 14 |
| part-time | 4 | 4 | 3 | 4 | 2 |
| in full-time equivalents | 14.8 | 22.2 | 18.4 | 18.8 | 15.6 |
| Average over the year, in full-time equivalents | 14.5 | 20.2 | 18.7 | 17 | 15.8 |
| On a permanent contract | 16 | 23 | 19 | 20 | 16 |
| Joined | 9 | 18 | 8 | 9 | 6 |
| Left | 10 | 11 | 12 | 8 | 10 |
| Training hours | - | 80 | 72 | 92 | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €86,820 | €155,887 | - | €4,672 | €10,745 |
| Intangible fixed assets | €361,960 | €429,339 | €400,151 | €371,036 | €369,819 |
| Depreciation and write-downs of the year | €79,363 | €139,843 | €195,177 | €229,703 | €256,750 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €6,276 awarded · €6,276 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €2,082 | €2,082 |
| 2024 | 1 | €1,534 | €1,534 |
| 2023 | 2 | €1,794 | €1,794 |
| 2022 | 1 | €866 | €866 |
Public contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0.002m | - | - | - |
| Remuneration, social security and pensions62 | - | - | €0.6m | €0.9m | €1.0m | €1.0m | €1.0m | ▲ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.08m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 11.8% |
| Other operating charges640/8 | - | - | €0.002m | €0.003m | €0.003m | €0.003m | €0.002m | ▼ 8.3% |
| Gross operating margin9900 | €0.8m | €1.1m | €1.4m | €1.7m | €1.4m | €1.4m | €1.4m | ▼ 3.3% |
| Operating profit (loss)9901 | €0.3m | €0.4m | €0.7m | €0.6m | €0.2m | €0.2m | €0.1m | ▼ 42.7% |
| Financial income75/76B | - | - | €346 | €3 | €290 | €0 | €0.001m | ▲ 1,997× |
| Recurring financial income75 | €0.001m | €111 | €346 | €3 | €290 | €0 | €0.001m | ▲ 1,997× |
| Financial charges65/66B | - | - | €319 | €283 | €0.004m | €0.009m | €0.01m | ▲ 46.0% |
| Recurring financial charges65 | €4 | €92 | €319 | €283 | €0.004m | €0.009m | €0.01m | ▲ 46.0% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €0.7m | €0.6m | €0.2m | €0.2m | €0.1m | ▼ 46.6% |
| Income taxes67/77 | €0.07m | €0.08m | €0.1m | €0.1m | €0.04m | €0.02m | €0.01m | ▼ 53.9% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.6m | €0.5m | €0.2m | €0.2m | €0.09m | ▼ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.3m | €0.6m | €0.5m | €0.2m | €0.2m | €0.09m | ▼ 45.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.6m | €1.1m | €1.5m | €1.8m | €2.2m | €2.3m | €2.6m | ▲ 11.5% |
| Fixed assets21/28 | €0.2m | €0.5m | €0.9m | €1.3m | €1.5m | €1.7m | €1.8m | ▲ 7.3% |
| Intangible fixed assets21 | €0.2m | €0.5m | €0.8m | €1.1m | €1.4m | €1.6m | €1.8m | ▲ 10.1% |
| Tangible fixed assets22/27 | €0.02m | €0.05m | €0.1m | €0.2m | €0.2m | €0.1m | €0.06m | ▼ 37.9% |
| Land and buildings22 | - | - | - | €0.002m | €0.002m | €0.001m | €0.001m | ▼ 35.1% |
| Plant, machinery and equipment23 | - | - | - | €0.005m | €0.004m | €0.003m | €0.002m | ▼ 35.2% |
| Furniture and vehicles24 | - | - | €0.1m | €0.2m | €0.1m | €0.09m | €0.06m | ▼ 38.0% |
| Financial fixed assets28 | €0.003m | €0.004m | €0.004m | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €0.4m | €0.5m | €0.6m | €0.5m | €0.6m | €0.6m | €0.8m | ▲ 22.7% |
| Amounts receivable within one year40/41 | €0.3m | €0.4m | €0.5m | €0.4m | €0.5m | €0.6m | €0.5m | ▼ 20.0% |
| Trade receivables40 | - | - | €0.5m | €0.4m | €0.5m | €0.5m | €0.3m | ▼ 30.1% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.08m | €0.1m | €0.2m | ▲ 17.7% |
| Cash at bank and in hand54/58 | €0.02m | €0.2m | €0.1m | €0.08m | €0.08m | €0.01m | €0.3m | ▲ 28× |
| Deferred charges and accrued income490/1 | - | - | €0.01m | €0.002m | €0.002m | €0.001m | €0.008m | ▲ 487% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.6m | €1.1m | €1.5m | €1.8m | €2.2m | €2.3m | €2.6m | ▲ 11.5% |
| Equity10/15 | €0.3m | €0.6m | €1.1m | €1.3m | €1.5m | €1.7m | €1.8m | ▲ 5.1% |
| Contributions10/11 | €0.006m | - | €0.006m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.2m | €0.6m | €1.1m | €1.3m | €1.5m | €1.7m | €1.8m | ▲ 5.2% |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | €1.1m | €1.3m | €1.5m | €1.7m | €1.8m | ▲ 5.2% |
| Amounts payable17/49 | €0.3m | €0.5m | €0.3m | €0.5m | €0.6m | €0.6m | €0.8m | ▲ 29.0% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.4m | €0.6m | ▲ 45.0% |
| Financial debts170/4 | - | - | - | - | - | €0.4m | - | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.6m | - |
| Amounts payable within one year42/48 | €0.3m | €0.5m | €0.3m | €0.5m | €0.6m | €0.2m | €0.2m | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.02m | €0.02m | = |
| Trade debts44 | €0.2m | €0.3m | €0.09m | €0.3m | €0.4m | €0.007m | €91 | ▼ 98.6% |
| Suppliers440/4 | - | - | €0.09m | €0.3m | €0.4m | €0.007m | €91 | ▼ 98.6% |
| Taxes, remuneration and social security45 | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 12.1% |
| Taxes450/3 | - | - | €0.1m | €0.06m | €0.09m | €0.07m | €0.1m | ▲ 37.7% |
| Remuneration and social security454/9 | - | - | €0.07m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 6.2% |
| Other amounts payable47/48 | - | - | - | - | - | €0.02m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.03m | €0.001m | €0.003m | €0.001m | €0.001m | ▲ 70.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €248,004 | €322,019 | €570,480 | €542,771 | €196,822 | €161,471 | €87,888 | ▼ 45.6% |
| + Depreciation and write-downs630 | €30,710 | €34,605 | €79,363 | €139,843 | €195,177 | €229,703 | €256,750 | ▲ 11.8% |
| Operating cash flow (approximation) | €278,715 | €356,624 | €649,843 | €682,615 | €391,999 | €391,173 | €344,638 | ▼ 11.9% |
| Investment in fixed assets (approximation) | - | -€340,392 | -€448,780 | -€581,927 | -€400,151 | -€375,707 | -€380,564 | ▼ 1.3% |
| Change in cash | - | €134,049 | -€40,866 | -€28,060 | -€662 | -€74,155 | €264,078 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,639 companies had the same profile as CODIFLY has now. Two years later, 0.5% had gone bankrupt and 95.5% were still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CODIFLY itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,639 companies, not a prediction for CODIFLY. 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.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 16-10-2026 | 2026-00560343 | |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538533 | |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00498727 | |
| 31-12-2022 | micro format | 09-10-2023 | 2023-00477095 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20321053 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-52500256 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-46700467 |
Board & ownership
Directors
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| De Meyer Arvid |
|
| Van Miegem Kristof |
|
Network & group
CODIFLY shares no director with another company.
Companies at the same address
11 other companies- KAIMELEON Registered office · since 2025 1023987131
- Tectric Establishment · since 2021 0772704275
- LEX Registered office · since 2020 0740978248
- RS badkamers Zottegem Registered office · since 2019 0731768097
- 4EARS Registered office · since 2018 0822209315
- EKEKO Registered office · since 2015 0640681832
- HPM Music Registered office · since 2011 0834329464
- AVM BELGIUM Registered office · since 2010 0825377750
- RS Badkamers Alef Registered office · since 2007 0890321428
- DEES Registered office · since 2001 0475992856
Connections & network
2 current directorsThe network starts from the directors of CODIFLY. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-11
Gazette deed
Registered office moved from Aalst to Affligem2 points ▸
- Board meeting, 15-09-2022
- Registered-office move, Schaapschuur 1 bus 5 - 1790 Affligem
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- 9300 Aalst until 26-09-2022 · act of 03-11-2022
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23030B0339/00H002 | Flanders | 8,045 m² | 1 · 1,281 m² | 0.1 m |