Equity
CODIGO has made a profit without a break since 2011.
CODIGO has made a profit without a break since 2011.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €45,933 to €30,483.
The last five annual accounts were filed 24 to 43 days before the end of the period.
Higher net result than 91% of companies in office administrative support. Sector median €15,226 · 10,265 companies.
In July 2024, 31,386 companies had the same profile as CODIGO has now. Each dot stands for 79 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 31,386 companies, not a prediction for CODIGO. 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.
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.
| Company | ||||
|---|---|---|---|---|
| CODIGO Ixelles | €402,176 | €236,389 | 87.3% | - |
| VLAAMS COÖRDINATIECENTRUM MESTVERWERKING Bruges | €450,197 | €188,834 | 34.2% | 2.8 |
| RE-THINK FINANCES Lasne | €454,563 | €221,981 | 84.6% | - |
| Event Services & Solutions Aarschot | €511,017 | €218,996 | 46.0% | 0 |
| B19 Ixelles | €495,839 | €375,365 | 2.0% | - |
| BEST OF DIGITAL MEDIA Ixelles | €313,114 | €182,887 | 66.6% | - |
| ARTECULT Brussels | €527,261 | €185,519 | -119.8% | - |
These companies have the same main activity as CODIGO: organisation of conventions and trade shows (NACE 82300). They are comparable in size and age: total assets between €313,000 and €527,000, founded between 1998 and 2006.
CODIGO files the micro format. That format states no turnover. The gross margin rose from €24,412 in 2006 to €236,389 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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