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Codingi

Active
Private limited companyfounded 20251 yr activeZwijnaardsesteenweg 280, 9000 Gent, BelgiumKBO/BCE: BE 1020.627.565
Summary

Codingi has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1,718 and a net result of €2,551. Its solvency ranks better than 31% of 34931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Financials · fiscal year 2025, micro schema

Equity
€1,718
Total assets
€5,355
Net result
€2,551
Working capital
€1,718

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Equity and liabilities €5,355
Equity €1,718
Debt €3,638
Debt finances 67.9% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€4,236
Cash flow
€3,598
Current ratio
1.47
Debt to equity
2.12
ROE
148.5%
ROA
47.6%
Debt ≤ 1 year
€3,638
Income taxes
€638

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,450 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 26 lines
Balance sheet Code2025
Assets
Total assets20/58€5,355
Current assets29/58€5,355
Cash at bank and in hand54/58€4,911
Deferred charges and accrued income490/1€444
Equity and liabilities
Total equity and liabilities10/49€5,355
Equity10/15€1,718
Reserves13€1,718
Distributable reserves133€1,718
Profit (loss) carried forward14€0
Amounts payable17/49€3,638
Amounts payable within one year42/48€3,638
Taxes, remuneration and social security45€638
Taxes450/3€638
Other amounts payable47/48€3,000
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,048
Gross operating margin9900€4,236
Operating profit (loss)9901€3,188
Profit (loss) for the period before taxes9903€3,188
Income taxes67/77€638
Profit (loss) for the period9904€2,551
Profit (loss) for the period to be appropriated9905€2,551
Appropriation of the result
Profit (loss) to be appropriated9906€2,551
Transfer to equity691/2€1,718
To other reserves6921€1,718
Profit to be distributed694/7€833
Return on contributions (dividend)694€833
Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,048
Gross operating margin9900€4,236
Operating profit (loss)9901€3,188
Profit (loss) for the period before taxes9903€3,188
Income taxes67/77€638
Profit (loss) for the period9904€2,551
Profit (loss) for the period to be appropriated9905€2,551
Line2025
Assets
Total assets20/58€5,355
Current assets29/58€5,355
Cash at bank and in hand54/58€4,911
Deferred charges and accrued income490/1€444
Equity and liabilities
Total equity and liabilities10/49€5,355
Equity10/15€1,718
Reserves13€1,718
Distributable reserves133€1,718
Profit (loss) carried forward14€0
Amounts payable17/49€3,638
Amounts payable within one year42/48€3,638
Taxes, remuneration and social security45€638
Taxes450/3€638
Other amounts payable47/48€3,000
Line2025
Profit (loss) for the period9904€2,551
+ Depreciation and write-downs630€1,048
Operating cash flow (approximation)€3,598

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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