Liquidity
Short-term debts fell from €19,412 to €9,859.
Short-term debts fell from €19,412 to €9,859.
The 2019 accounts came 48 days late. The other six were filed on time.
Higher solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 21,205 companies.
The dashed line is the sector median: 0.1% across 25,932 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, 96% on liquidity, 29% on profitability and 46% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 10,904 companies had the same profile as Coding Mammoth has now. Each dot stands for 28 companies, two years later.
That fits the bankruptcy probability of Coding Mammoth itself: < 0.1% within 12 months.
The method was tested on the 497,447 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 10,904 companies, not a prediction for Coding Mammoth. 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 20.34 (9.89 in 2024), above the usual 1.5. Short-term debt is 2.6% and cash 51.1% of total assets. 2.6% 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 37 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.
| Company | ||||
|---|---|---|---|---|
| Coding Mammoth Antwerp | €380,722 | €29,523 | 97.4% | - |
| VLTN Antwerp | €481,801 | €29,770 | 42.8% | 0 |
| NIMRAVID Leuven | €364,353 | €24,221 | 42.0% | - |
| Stacka Koekelberg | €433,722 | €33,417 | 2.4% | 1 |
| CLOUDWARE Zwevegem | €356,364 | €23,790 | 37.7% | - |
| Amberes IT Consultants Kalmthout | €369,547 | €28,953 | 98.3% | - |
| VIA NOVUM Willebroek | €313,108 | €42,051 | 75.2% | - |
These companies have the same main activity as Coding Mammoth: computer programming (NACE 62100). They are comparable in size and age: total assets between €313,000 and €482,000, founded between 2008 and 2013.
Coding Mammoth files the micro format. That format states no turnover. The gross margin fell from €449,063 in 2019 to €29,523 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 ≈ €96,000. Estimated: probably between €75,000 and €130,000.
Higher than 95% of 21,205 companies in 2025.
Higher than 95% of 20,568 companies in 2025.
Higher than 20% of 20,743 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
380,722 | 388,317 | 423,188 | 444,835 | 446,157 | 435,926 | 415,106 | |
21/28 |
180,154 | 196,359 | 219,994 | 246,887 | 270,698 | 192,073 | 195,611 | |
22/27 |
179,954 | 196,159 | 219,794 | 246,687 | 270,498 | 191,873 | 195,611 | |
22 |
164,889 | 174,792 | 184,696 | 194,600 | 204,503 | 175,874 | 180,088 | |
23 |
4,100 | 3,703 | 4,860 | 6,018 | 7,175 | 6,494 | 7,305 | |
24 |
10,966 | 17,664 | 30,238 | 46,070 | 58,819 | 9,505 | 8,218 | |
28 |
200 | 200 | 200 | 200 | 200 | 200 | - | |
29/58 |
200,567 | 191,958 | 203,194 | 197,948 | 175,460 | 243,853 | 219,495 | |
40/41 |
4,386 | 2,620 | 11,379 | 15,791 | 5,722 | 9,100 | 51,918 | |
40 |
0 | 466 | 0 | 4,208 | - | - | 14,000 | |
41 |
4,386 | 2,154 | 11,379 | 11,583 | 5,722 | 9,100 | 37,918 | |
50/53 |
0 | 100,000 | - | - | - | - | - | |
54/58 |
194,678 | 88,216 | 190,705 | 181,802 | 169,265 | 233,605 | 164,656 | |
490/1 |
1,503 | 1,122 | 1,110 | 356 | 472 | 1,149 | 2,921 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
380,722 | 388,317 | 423,188 | 444,835 | 446,157 | 435,926 | 415,106 | |
10/15 |
370,863 | 364,272 | 393,379 | 401,803 | 399,652 | 387,403 | 368,256 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | |
11 |
- | - | - | - | - | - | 2,000 | |
1100/10 |
- | - | - | - | - | - | 2,000 | |
13 |
368,863 | 362,272 | 391,379 | 399,803 | 397,652 | 385,403 | 366,256 | |
132 |
- | - | - | - | 0 | 15,775 | 24,426 | |
133 |
368,863 | 362,272 | 391,379 | 399,803 | 397,652 | 369,628 | 341,829 | |
14 |
0 | 0 | - | - | - | - | - | |
17/49 |
9,859 | 24,045 | 29,809 | 43,032 | 46,506 | 48,524 | 46,851 | |
17 |
0 | 4,634 | 13,811 | 22,868 | 31,808 | - | - | |
170/4 |
0 | 4,634 | 13,811 | 22,868 | 31,808 | - | - | |
42/48 |
9,859 | 19,412 | 15,998 | 20,164 | 14,698 | 48,524 | 46,851 | |
42 |
4,634 | 9,177 | 9,057 | 8,940 | 8,824 | - | - | |
43 |
- | - | - | 3,352 | - | - | - | |
439 |
- | - | - | 3,352 | - | - | - | |
44 |
1,495 | 7,185 | 4,373 | 2,571 | 2,605 | 46,914 | 1,806 | |
440/4 |
1,495 | 7,185 | 4,373 | 2,571 | 2,605 | 46,914 | 1,806 | |
45 |
853 | 35 | 35 | 3,438 | 3,269 | 1,013 | 40,689 | |
450/3 |
90 | 35 | 35 | 3,438 | 3,269 | 1,013 | 40,689 | |
454/9 |
764 | - | - | - | - | - | - | |
47/48 |
2,877 | 3,015 | 2,532 | 1,863 | 0 | 596 | 4,355 | |
| Income statement | ||||||||
9900 |
29,523 | 14,032 | 20,207 | 31,108 | 35,049 | 42,804 | 449,063 | |
630 |
23,575 | 23,635 | 26,893 | 26,379 | 20,181 | 12,390 | 12,401 | |
640/8 |
1,766 | 971 | 1,018 | 650 | 1,243 | 1,271 | 5,250 | |
9901 |
4,182 | -10,573 | -7,705 | 4,080 | 13,625 | 29,143 | 431,412 | |
75/76B |
3,598 | 2,065 | 4 | 3 | 5,992 | 11 | 514 | |
75 |
3,598 | 2,065 | 4 | 3 | 0 | 11 | 514 | |
76B |
- | - | - | 0 | 5,992 | - | - | |
65/66B |
361 | 453 | 568 | 897 | 1,110 | 208 | 215 | |
65 |
361 | 453 | 568 | 897 | 1,110 | 208 | 215 | |
9903 |
7,420 | -8,962 | -8,269 | 3,186 | 18,507 | 28,946 | 431,711 | |
67/77 |
829 | 145 | 156 | 1,034 | 6,258 | 9,799 | 138,736 | |
9904 |
6,591 | -9,107 | -8,424 | 2,152 | 12,249 | 19,147 | 292,975 | |
789 |
- | - | - | 0 | 15,775 | 8,652 | - | |
9905 |
6,591 | -9,107 | -8,424 | 2,152 | 28,024 | 27,799 | 292,975 | |
| Appropriation of the result | ||||||||
9906 |
6,591 | -9,107 | -8,424 | 2,152 | 28,024 | 27,799 | 292,975 | |
791/2 |
0 | 29,107 | 8,424 | - | - | - | - | |
691/2 |
6,591 | - | 0 | 2,152 | 28,024 | 27,799 | 271,547 | |
6921 |
6,591 | - | 0 | 2,152 | 28,024 | 27,799 | 271,547 | |
694/7 |
0 | 20,000 | - | - | - | - | 21,429 | |
694 |
0 | 20,000 | - | - | - | - | 21,429 | |
| Document | ||||||||
The notes to these accounts have 13 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 | 2026-00125628 | |
| 31-12-2024 | micro format | 28-05-2025 | 2025-00108905 | |
| 31-12-2023 | micro format | 14-05-2024 | 2024-00086755 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00173740 | |
| 31-12-2021 | micro format | 22-06-2022 | 2022-20081191 | |
| 31-12-2020 | micro format | 28-06-2021 | 2021-27500414 | |
| 31-12-2019 | micro format | 17-09-2020 | 2020-53900253 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €495 | €495 |
| 2022 | 1 | €3,502 | €3,502 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 27,757 | 13,061 | 19,188 | 30,459 | 33,806 | 41,533 | 443,813 | ||
| 30,166 | 14,527 | 18,469 | 28,531 | 32,430 | 31,537 | 305,376 | ||
| 7,370 | 0 | 0 | 2,569 | 102,507 | 8,852 | 204,654 | ||
| 106,462 | -102,489 | 8,903 | 12,537 | -64,340 | 68,949 | - | ||
| 190,709 | 172,546 | 187,196 | 177,784 | 160,762 | 195,330 | 172,644 | ||
| 97.4% | 93.8% | 93.0% | 90.3% | 89.6% | 88.9% | 88.7% | ||
| 20.34 | 9.89 | 12.70 | 9.82 | 11.94 | 5.03 | 4.69 | ||
| 0.03 | 0.07 | 0.08 | 0.11 | 0.12 | 0.13 | 0.13 | ||
| 1.8% | -2.5% | -2.1% | 0.5% | 3.1% | 4.9% | 79.6% | ||
| 1.7% | -2.3% | -2.0% | 0.5% | 2.7% | 4.4% | 70.6% | ||
| 76.96 | 28.82 | 33.80 | 33.94 | 30.44 | - | - |
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 | €7,370 | - | - | €2,569 | €102,507 |
| Financial fixed assets | €0 | - | - | - | - |
| €23,575 | €23,635 | €26,893 | €26,379 | €20,181 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €4,182, after a loss of €10,573 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total falls from 6.2% to 2.6%. Equity is higher and debt is lower.
Coding Mammoth has no parent and no holdings in its annual accounts. De Laender is the only director. Coding Mammoth shares no director with another company.
| FUN SAIL EVENTS
registered office since 30-06-2006 · founded in 2006 · negative equity (2025) |
total assets €153,984 (2025) 0880.805.233 |
| VHDB
registered office since 22-01-2016 |
founded in 2016 1015.212.886 |
| CAMEO
registered office since 08-07-2013 |
founded in 2013 0537.676.740 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Krijgslaan 219 registered office 2610 Antwerp | 06-08-2012 | 2.211.516.658 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11463D0332/00N007 | 1,454 m² | 1 · 212 m² | 0.5 m |
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