CODINSANITY
ActiveSummary
CODINSANITY has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,500 and a net result of €62,497. Equity is shrinking by about 6.5% per year across the filed financial years. Its solvency ranks better than 15% of 21,110 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €19,500
- Profit
- €62,497
Why 88raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 1.10, cash €176,369Sector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €190,511Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 16% on solvency, 30% on liquidity, 82% on profitability and 17% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 71 days before the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €62,497 ▲1.6%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,713 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €405 | €405 | €495 | €527 | €1,700 | €2,199 | €1,896 | €995 | ▼ 47.5% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €45 | €387 | €420 | ▲ 8.5% |
| Gross operating margin9900 | €25,860 | €42,805 | €31,242 | €22,654 | €14,106 | €25,486 | €79,603 | €80,047 | ▲ 0.6% |
| Operating profit (loss)9901 | €25,455 | €42,400 | €30,747 | €21,780 | €12,059 | €23,243 | €77,320 | €78,632 | ▲ 1.7% |
| Financial charges65/66B | - | - | - | €312 | €122 | €101 | €158 | €125 | ▼ 21.1% |
| Recurring financial charges65 | €8 | €71 | €77 | €312 | €122 | €101 | €158 | €125 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €25,447 | €42,329 | €30,670 | €21,468 | €11,937 | €23,142 | €77,161 | €78,507 | ▲ 1.7% |
| Income taxes67/77 | €8,267 | €10,930 | €6,701 | €4,297 | €2,242 | €6,183 | €15,672 | €16,010 | ▲ 2.2% |
| Profit (loss) for the period9904 | €17,180 | €31,400 | €23,969 | €17,171 | €9,695 | €16,958 | €61,489 | €62,497 | ▲ 1.6% |
| Profit (loss) for the period to be appropriated9905 | €17,180 | €31,400 | €23,969 | €17,171 | €9,695 | €16,958 | €61,489 | €62,497 | ▲ 1.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €41,819 | €77,712 | €102,831 | €119,959 | €112,526 | €131,003 | €159,458 | €190,511 | ▲ 19.5% |
| Fixed assets21/28 | €809 | €405 | €1,159 | €2,940 | €4,971 | €2,773 | €1,527 | €1,556 | ▲ 1.9% |
| Tangible fixed assets22/27 | €809 | €405 | €1,159 | €2,940 | €4,971 | €2,773 | €877 | €706 | ▼ 19.4% |
| Furniture and vehicles24 | - | - | - | €2,940 | €4,971 | €2,773 | €877 | €706 | ▼ 19.4% |
| Financial fixed assets28 | - | - | - | - | - | - | €650 | €850 | ▲ 30.8% |
| Current assets29/58 | €41,009 | €77,307 | €101,672 | €117,019 | €107,554 | €128,230 | €157,932 | €188,955 | ▲ 19.6% |
| Amounts receivable within one year40/41 | €12,705 | €18,587 | €6,369 | €18,023 | €4,174 | €12,584 | €12,660 | €11,773 | ▼ 7.0% |
| Trade receivables40 | - | - | - | €12,100 | - | €12,584 | €12,660 | €11,773 | ▼ 7.0% |
| Other amounts receivable41 | - | - | - | €5,923 | €4,174 | - | - | - | - |
| Cash at bank and in hand54/58 | €28,304 | €58,720 | €95,302 | €98,382 | €102,838 | €114,920 | €144,453 | €176,369 | ▲ 22.1% |
| Deferred charges and accrued income490/1 | - | - | - | €614 | €542 | €726 | €819 | €812 | ▼ 0.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €41,819 | €77,712 | €102,831 | €119,959 | €112,526 | €131,003 | €159,458 | €190,511 | ▲ 19.5% |
| Equity10/15 | €23,380 | €54,780 | €78,748 | €55,820 | €55,915 | €55,973 | €31,973 | €19,500 | ▼ 39.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | €19,500 | €19,500 | €19,500 | = |
| Reserves13 | €8,900 | €24,900 | €36,900 | €36,900 | €36,900 | €36,000 | €12,000 | - | - |
| Non-distributable reserves130/1 | - | - | - | €900 | €900 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €900 | €900 | - | - | - | - |
| Distributable reserves133 | - | - | - | €36,000 | €36,000 | €36,000 | €12,000 | - | - |
| Profit (loss) carried forward14 | €8,280 | €23,680 | €35,648 | €320 | €415 | €473 | €473 | - | - |
| Amounts payable17/49 | €18,438 | €22,932 | €24,082 | €64,139 | €56,611 | €75,030 | €127,485 | €171,011 | ▲ 34.1% |
| Amounts payable within one year42/48 | €18,438 | €22,932 | €24,082 | €64,139 | €56,611 | €75,030 | €127,485 | €171,011 | ▲ 34.1% |
| Trade debts44 | €607 | €122 | €1,657 | €325 | €501 | €539 | €585 | €910 | ▲ 55.5% |
| Suppliers440/4 | - | - | - | €325 | €501 | €539 | €585 | €910 | ▲ 55.5% |
| Taxes, remuneration and social security45 | - | - | - | €19,046 | €3,181 | €12,238 | €17,081 | €17,080 | = |
| Taxes450/3 | - | - | - | €19,046 | €3,181 | €12,238 | €17,081 | €17,080 | = |
| Other amounts payable47/48 | - | - | - | €44,769 | €52,929 | €62,252 | €109,819 | €153,021 | ▲ 39.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,180 | €31,400 | €23,969 | €17,171 | €9,695 | €16,958 | €61,489 | €62,497 | ▲ 1.6% |
| + Depreciation and write-downs630 | €405 | €405 | €495 | €527 | €1,700 | €2,199 | €1,896 | €995 | ▼ 47.5% |
| Operating cash flow (approximation) | €17,585 | €31,804 | €24,464 | €17,698 | €11,395 | €19,157 | €63,385 | €63,492 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,250 | -€2,308 | -€3,731 | €0 | -€650 | -€1,025 | ▼ 57.6% |
| Change in cash | - | €30,415 | €36,583 | €3,079 | €4,457 | €12,081 | €29,534 | €31,916 | ▲ 8.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 19-03-2026 | 2026-00058642 |
| 31-12-2024 | micro format | 07-04-2025 | 2025-00064343 |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00123565 |
| 31-12-2022 | micro format | 07-03-2023 | 2023-00037753 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20096903 |
| 31-12-2020 | micro format | 06-08-2021 | 2021-48100440 |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27700379 |
| 31-12-2018 | micro format | 08-05-2019 | 2019-12800354 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DUSAUSOY Bruno |
|
Owners and capital
Capital and shareholders
- 13-11-2023 Converted to available equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-01
Gazette deed
Registered officeRegistered-office move · Director in office3 facts ▸
- General meeting, 30-12-2024
- Registered-office move, Avenue Arnaud Fraiteur 15/23,1050 Bruxelles
- Director in office, DUSAUSOY Bruno (director)
13-11
Gazette deed
Resignation: DUSAUSOY Bruno (manager)Appointment: DUSAUSOY Bruno (director) · Permanent representative: DUSAUSOY Bruno · Amendment of the articles16 facts ▸
- General meeting, 02-11-2023
- Amendment of the articles (2 times)
- Legal form clause, “CODINSANITY” (deed in French)
- Capital conversion, “de plein droit, article 39 §2 alinéa 3 de la loi du 23-03-2019” (deed in French)
- Capital conversion, “compte de capitaux propres disponibles” (deed in French)
- Declaration, “disponibilité du compte de capitaux propres et distribution, faire appel à un professionnel du chiffre pour double test” (deed in French)
- Declaration, “remboursement de fonds propres, signature de l’acte” (deed in French)
- Declaration, “VVPRbis précompte mobilier réduit, libération complète du capital initialement souscrit / libération intégrale des apports” (deed in French)
- Registered office clause, “Rue Eugène Cattoir 15 à 1050 Ixelles” (deed in French)
- Capital
- Director resignation, DUSAUSOY Bruno (manager)
- Director appointment, DUSAUSOY Bruno (director (not named in the articles))
- +4 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21446F0030/00A000 | Brussels | 7,406 m² | 1 · 1,655 m² | 28.5 m · 6 |
| 21002A0170/00E004 | Brussels | 208 m² | 1 · 207 m² | 14.9 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le service et le conseil en gestion,administration et secrétariat d’entreprise; La création,le management et la stratégie d’entreprise; La…” (deed in French)
18 activities (deed in French)
- Le service et le conseil en gestion,administration et secrétariat d’entreprise.
- La création,le management et la stratégie d’entreprise.
- La prestation de services d’ordre économique,assistance,conseil en matière technique,commerciale,financière et industrielle.
- La formation et l’information de personnes et de sociétés.
- La conception,le développement et le marketing de projets et de produits.
- L’organisation de cycle de cours,de conférences et d’évènements.
- Le commissionnement de quelque nature lors d’apports d’affaires à des tiers.
- Les prestations d’intermédiaire commercial ainsi qu’à des opérations d’import et export au sens large (tel que commerce avec l’étranger)
- La gestion d’entreprises,peu importe l’objet de ces dernières,l’acquisition,la gestion et la mise en valeur de brevets,octroies et licences et autres droits intellectuels.
- L’exercice de la fonction d’administrateur ou de liquidateur dans d’autres sociétés.
- Le service de traduction et d’interprétariat
- La recherche,la sélection,l’orientation,le placement de main-d’œuvre,de personnel et de cadres
- Toutes activités en matière de consultance,de conseils,assistance en matière technique,commerciale,financière et industrielles ; la formation et l’information de personnes et sociétés,le commissionnement de quelque nature lors d’apport d’affaire à un tiers.
- La conception et la commercialisation de tout produit et services liés au secteur de l’informatique au sens le plus large,tel que des sites,logiciels,applications,hébergement,hosting …
- La prise de vue,tant photo,vidéo,audio et multimédia en général ; la gestion de projets ; l’intermédiation commerciale,l’organisation d’événements ; la régie de spectacles ; la mise à disposition de personnel.
- Toute activité ayant trait à la conception,la création,la mise en forme,la réalisation artistique,en deux ou en trois dimension,le développement,la réalisation et la production de toute œuvre,sous quelque forme que ce soit,notamment d’œuvres audio visuelles,publicitaires,architecturales,graphiques,web (en ce compris internet,intranet et extranet),télévisées,radio et ce,au moyen de haute technologie,en ce compris l’informatique et sur quelque support que ce soit Impression 3d.
- La création et le placement de publicité notamment affiches,annonces publicitaires,journaux,enseignes lumineuses,infographie,impression digitale,et toute autre opération ayant un lien direct ou indirect avec la publicité ; distribution d’échantillons,de prospectus publicitaires et d’autres matériel de publicité y compris les journaux publicitaires régionaux et autre.
- L’achat,la vente,l’échange,la mise en valeur,le lotissement,l’exploitation,la location et l’affermage de tous immeubles bâtis et non bâtis. Ainsi que la réalisation de toutes opérations relatives à la promotion immobilière,à l’activité d’administrateur de biens,de marchands de biens,activité d’agence immobilière,intermédiaire dans toutes opérations immobilières telles que la vente la location,activité de syndic (gestion immeubles),la prise et la remise de fonds de commerce. Elle peut donner à bail ses installations et exploitations ou le donner à gérer à des tiers en tout ou en partie. Elle peut également réaliser toutes opérations liées à l’acquisition et la cession la mise en gage de droits immobiliers tels que l’usufruit,la nue-propriété,le droit emphytéotique,…
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sortir adresse exacte des statuts” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, organe d’administration” (deed in French)“Rémunération des administrateurs, frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires prennent connaissance relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, commun accord sinon président tribunal de l’entreprise statuant comme en…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, émission entièrement souscrite ou plus aucun actionnaire ne se prévaut” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, administrateurs en fonction” (deed in French)“Actif net entre actionnaires en proportion des actions, biens conservés même proportion, apurement dettes, charges, frais ou consignation” (deed in French)