Codin
ActiveCodin has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €49k. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 34% of 16888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency69▼-31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.33 against 3.98 in 2024), and 59.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.4%
Return on assets
56.9%
Age of the figures
8 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
52 d early
2024
59 d early
2023
58 d early
2022
34 d early
2021
37 d early
2020
57 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▼ 63.3%
2024 · €96k
2018: €16k
2019: €26k
2020: €30k
2021: €56k
2022: €50k
2023: €54k
2024: €96k
2018 → 2025
Total assets
€87k▼ 25.9%
2024 · €117k
2018: €56k
2019: €59k
2020: €87k
2021: €82k
2022: €125k
2023: €119k
2024: €117k
2018 → 2025
Net result
€49k▲ 19.1%
2024 · €42k
2018: €11k
2019: €12k
2020: €24k
2021: €25k
2022: €42k
2023: €34k
2024: €42k
2018 → 2025
Working capital
€17k▼ 73.2%
2024 · €64k
2018: €7k
2019: €18k
2020: €22k
2021: €46k
2022: €15k
2023: €22k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€50k▼ 10.7%€54k▲ 8.9%€96k▲ 76.7%€35k▼ 63.3%
Operating result€35k-€53k▲ 54.2%€45k▼ 16.0%€54k▲ 20.0%€64k▲ 18.2%
Net result€25k-€42k▲ 63.5%€34k▼ 17.3%€42k▲ 20.6%€49k▲ 19.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€18k▼ 43.4%
Current assets
€69k▼ 19.4%
Equity and liabilities €87k
Equity
€35k▼ 63.3%
Debt
€52k▲ 139%
The debt ratio rises from 18.5% to 59.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€77k▲
2024 · €68k
Cash flow
€63k▲
2024 · €56k
Solvency
40.4%▼
2024 · 81.5%
Current ratio
1.33▼
2024 · 3.98
Quick ratio
1.33▼
2024 · 3.98
Debt / equity
1.47▲
2024 · 0.23
ROE
140.8%▲
2024 · 43.4%
ROA
56.9%▲
2024 · 35.4%
Interest coverage
214.48▲
2024 · 104.40
Debt
€52k▲
2024 · €22k
Debt ≤ 1 year
€52k▲
2024 · €21k
Income taxes
€14k▲
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€117k€87k▼
Fixed assets21/28€32k€18k▼
Tangible fixed assets22/27€32k€18k▼
Furniture and vehicles24€32k€18k▼
Current assets29/58€86k€69k▼
Amounts receivable within one year40/41€18k€20k▲
Trade receivables40€16k€20k▲
Other amounts receivable41€2k€385▼
Cash at bank and in hand54/58€66k€47k▼
Deferred charges and accrued income490/1€893€2k▲
Equity and liabilities
Total equity and liabilities10/49€117k€87k▼
Equity10/15€96k€35k▼
Contributions10/11€19k€19k=
Reserves13€77k€17k▼
Distributable reserves133€77k€17k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€22k€52k▲
Amounts payable within one year42/48€21k€52k▲
Current portion of amounts payable after more than one year42€12k€0▼
Trade debts44€884€2k▲
Suppliers440/4€884€2k▲
Taxes, remuneration and social security45€8k€9k▲
Taxes450/3€8k€9k▲
Other amounts payable47/48€647€40k▲
Accrued charges and deferred income492/3€160-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€912€892▼
Gross operating margin9900€69k€78k▲
Operating profit (loss)9901€54k€64k▲
Financial income75/76B€236€18▼
Recurring financial income75€236€18▼
Financial charges65/66B€652€361▼
Recurring financial charges65€652€361▼
Profit (loss) for the period before taxes9903€53k€63k▲
Income taxes67/77€12k€14k▲
Profit (loss) for the period9904€42k€49k▲
Profit (loss) for the period to be appropriated9905€42k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€49k▲
Transfer from equity791/2-€77k
Transfer to equity691/2€42k€16k▼
To other reserves6921€42k€16k▼
Profit to be distributed694/7-€110k
Return on contributions (dividend)694-€110k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €49k ▲19.1%
Operating result €64k, net result €49k, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 3.98
Current ratio from 1.43 to 3.98; short-term debt falls from €53k to €21k.
03-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 1 establishment unit since 2018
Ground area
377 m²
Building footprint
105 m²
Parcel 44040C0204/00A003, Flanders. Linked by address, not a title deed.
1 establishment unit
Codin
since 20182.272.069.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44040C0204/00A003 | Flanders | 377 m² | 1 · 105 m² | - |
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
Medividia
BE 0783.838.390
Herent · Eq €35k
CompactCode
BE 0695.402.797
Schelle · Eq €35k
Saransh
BE 1010.121.178
Brussel · Eq €35k
MEDIAXP
BE 1004.822.703
Sint-Jans-Molenbeek · Eq €35k
SNDQ
BE 0766.825.679
Antwerpen · Eq €35k
Of 16,804 companies in sector 62100 we hold annual accounts for 8,748. 6,510 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-01-2018
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.