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Codly

Active Private limited companyfounded 1998active for 28 yearsHoogstraat 13, 9401 NinoveKBO/BCE: BE 0464.419.766 #4 oldest company in Ninove, Telecoms and IT sector

Lifetime

20 annual accounts with figures on one time axis, 27 filings since 1999
peak €50,224 (2025)
€50,224▲ 63.1%
lowest -€6,949 (2019)
€33,632▲ 181%
peak -€72,497 (2025)
-€72,497▲ €33,632
€111,202▼ 19.5%
Board3 names since 2023
1 director
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €30,785 to €50,224Result from €11,977 to €33,632Equity from -€106,129 to -€72,497Debts from €138,173 to €111,202Investments €4,750Cash from €11,892 to €15,904

Key points

from the 2025 annual accounts

Equity

-€72,497
202020212022202320242025

Debts exceed assets in financial year 2025.

Turnover

≈ €96,000 estimated

The micro format states no turnover.

Debts

€111,202 287% of the balance sheet
Financial debts 1%Suppliers 4%Taxes and wages 11%Other 84%

Investments

€4,750 2.7 × depreciation
202320242025

Green is investment, beige is depreciation. Machinery stands 97.5% higher than in 2024.

Filings

27 annual accounts since 1999
AprilJune31 JulyOctober200020102020

The 2023 accounts came 30 days late. The other nine of the last ten were filed on time.

Position in the sector

-187.3%

Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 3,794 companies had the same profile as Codly has now. Each dot stands for 10 companies, two years later.

91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more

Another 0.6% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the 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% 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 3,794 companies, not a prediction for Codly. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0464419766
Company renamed from PIETER PAUWEL KUNSTONTMOETING to Codly Registered office moved to Pollare · New registered office: Hoogstraat 13, 9401 Pollare (Ninove) · Resignation: (manager) · General meeting of 19-12-2023 · Gazette deed
First establishment Hoogstraat 13, Ninove
All 34 events

Comparable companies

same main activity, similar in size and age
Company
Codly Ninove €38,705 €50,224 -187.3% -
SPECIFICATION THROUGH COMPONENT Brussels €39,928 €59,374 -10.0% -
D & K ESSENTIALS Kraainem €37,936 €58,924 -1177.2% -
SCOB Waterloo €48,478 €44,222 24.1% -
ALMA INFORMATION SYSTEMS Braine-l'Alleud €48,994 €39,440 66.3% -
NICK OF TIME Ghent €42,975 €75,150 -43.0% -
INFORMATION TECHNOLOGY MANAGEMENT SERVICES Sainte-Ode €56,531 €46,212 -30.9% -

These companies have the same main activity as Codly: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €37,900 and €56,500, founded between 1997 and 2003.

Official details

Source: KBO
Status
Active since 22-10-1998Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 3 others
Joint committee
302Hotels and catering · annual accounts 2022
Establishment unit
2.090.076.0249401 Ninove, since 01-02-1999
Financial year end
31 December
Peppol
Reachable since 16-09-2025
Company details

Annual accounts 2025

€38,705▲ 20.8%
Filing
Filed on 29-06-2026, 32 days before the end of the filing period
Financials

Insights on Codly

Codly files the micro format. That format states no turnover. The gross margin rose from €6,426 in 2006 to €50,224 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about Codly

What is the company number of Codly?
The company number of Codly is 0464.419.766. The VAT number is the same number with BE in front: BE 0464.419.766.
Where is Codly based?
The registered office is at Hoogstraat 13, 9401 Ninove.Company details
What does Codly do?
According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
What is the legal form of Codly?
Codly is a private limited company (BV).
When was Codly founded?
Codly was founded on 22-10-1998.
Is Codly still active?
Yes, Codly is an active enterprise in the KBO register.
Which joint committee does Codly fall under?
In its 2022 annual accounts, Codly states joint committee 302 (Hotels and catering).
What is the turnover of Codly?
The turnover in financial year 2025 is ≈ €96,000. This figure is estimated from the gross margin of €50,224 and 60 comparable companies (NACE 62200). It probably lies between €86,000 and €130,000.Financials
Is Codly profitable?
In financial year 2025, Codly made a profit of €33,632.
Where can I find the annual accounts of Codly?
Codly filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Codly due?
Codly must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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