Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 97.5% higher than in 2024.
The 2023 accounts came 30 days late. The other nine of the last ten were filed on time.
Lower solvency than 95% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.
In July 2024, 3,794 companies had the same profile as Codly has now. Each dot stands for 10 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
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.
| 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.
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.
| 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.
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.
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 €86,000 and €130,000.
Lower than 95% of 22,039 companies in 2025.
Lower than 95% of 21,339 companies in 2025.
Higher than 95% of 21,530 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
38,705 | 32,044 | 2,570 | 1,118 | 1,979 | 2,296 | 3,088 | 4,672 | 8,012 | 9,662 | 8,048 | 6,110 | 5,420 | 9,597 | 17,128 | 21,325 | 30,489 | 51,640 | 25,751 | 17,864 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 402 | 714 | 1,026 | 1,339 | 1,651 | 1,963 | |
21/28 |
9,017 | 6,048 | 2,124 | - | - | - | - | - | - | - | - | 140 | 281 | 421 | 6,772 | 12,717 | 19,223 | 25,926 | 5,612 | 5,857 | |
22/27 |
9,017 | 6,048 | 2,124 | - | - | - | - | - | - | - | - | 140 | 281 | 421 | 6,351 | 11,983 | 18,177 | 24,567 | 3,941 | 3,874 | |
23 |
7,686 | 3,890 | 2,124 | - | - | - | - | - | - | - | - | 140 | 281 | 421 | 561 | 404 | 809 | 1,409 | 2,004 | - | |
24 |
1,331 | 2,157 | - | - | - | - | - | - | - | - | - | - | - | - | 5,789 | 11,579 | 17,368 | 23,158 | 1,937 | 3,874 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 20 | 20 | 20 | 20 | 20 | 20 | |
29/58 |
29,689 | 25,996 | 446 | 1,118 | 1,979 | 2,296 | 3,088 | 4,672 | 8,012 | 9,662 | 8,048 | 5,970 | 5,139 | 9,176 | 10,356 | 8,608 | 11,266 | 25,714 | 20,139 | 12,007 | |
3 |
- | - | 0 | 950 | 950 | 950 | 950 | 950 | 2,350 | 6,195 | 950 | 1,000 | 1,000 | 1,000 | 4,910 | 4,910 | 4,910 | 6,160 | 7,350 | 7,470 | |
30/36 |
- | - | 0 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 950 | 1,000 | 1,000 | 1,000 | 4,910 | 4,910 | 4,910 | 6,160 | 7,350 | 7,470 | |
37 |
- | - | - | - | - | - | - | - | 1,400 | 5,245 | - | - | - | - | - | - | - | - | - | - | |
40/41 |
11,400 | 11,479 | 446 | - | 716 | 592 | 1,037 | 2,821 | 2,493 | 2,055 | 2,935 | 3,293 | 192 | 4,212 | 1,962 | 2,877 | 352 | 17,324 | 3,844 | 1,400 | |
40 |
10,877 | 10,961 | - | - | - | - | - | 2,435 | 2,435 | 1,689 | 2,935 | 2,870 | 192 | 4,212 | 1,790 | 2,877 | 352 | 17,324 | 3,844 | 1,400 | |
41 |
524 | 518 | 446 | - | 716 | 592 | 1,037 | 386 | 58 | 366 | - | 423 | - | - | 172 | - | - | - | - | - | |
54/58 |
15,904 | 11,892 | 0 | 168 | 313 | 675 | 1,102 | 901 | 3,169 | 1,332 | 4,163 | 1,676 | 3,947 | 3,964 | 3,484 | 821 | 6,005 | 1,975 | 8,689 | 3,137 | |
490/1 |
2,384 | 2,625 | - | - | - | 78 | - | - | - | 80 | - | - | - | - | - | - | - | 256 | 256 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
38,705 | 32,044 | 2,570 | 1,118 | 1,979 | 2,296 | 3,088 | 4,672 | 8,012 | 9,662 | 8,048 | 6,110 | 5,420 | 9,597 | 17,128 | 21,325 | 30,489 | 51,640 | 25,751 | 17,864 | |
10/15 |
-72,497 | -106,129 | -118,106 | -112,978 | -109,627 | -105,724 | -102,588 | -95,640 | -94,585 | -89,440 | -86,681 | -85,099 | -100,875 | -109,523 | -122,736 | -139,276 | -146,372 | -163,832 | -164,575 | -166,924 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
14 |
-91,089 | -124,721 | -136,698 | -131,570 | -128,219 | -124,316 | -121,180 | -114,232 | -113,177 | -108,032 | -105,273 | -103,691 | -119,467 | -128,115 | -141,328 | -157,868 | -164,964 | -182,424 | -183,167 | -185,516 | |
17/49 |
111,202 | 138,173 | 120,676 | 114,096 | 111,606 | 108,019 | 105,677 | 100,311 | 102,597 | 99,102 | 94,729 | 91,209 | 106,295 | 119,119 | 139,864 | 160,601 | 176,861 | 215,472 | 190,326 | 184,788 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,755 | 4,674 | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,755 | 4,674 | |
42/48 |
111,202 | 138,173 | 120,676 | 114,096 | 111,606 | 108,019 | 105,677 | 100,311 | 102,597 | 99,102 | 94,729 | 91,209 | 106,295 | 119,119 | 139,864 | 160,601 | 176,861 | 215,472 | 188,570 | 180,114 | |
42 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,755 | 2,919 | 2,791 | |
43 |
776 | 657 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37 | |
430/8 |
205 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 37 | |
439 |
570 | 657 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
4,485 | 7,974 | 1,372 | 348 | 338 | 404 | 483 | 121 | 3,910 | 9,408 | 8,398 | 9,361 | 5,572 | 9,090 | 8,029 | 7,375 | 11,085 | 5,898 | 4,050 | 2,163 | |
440/4 |
4,485 | 7,974 | 1,372 | 348 | 338 | 404 | 483 | 121 | 3,910 | 9,208 | 4,852 | 5,815 | 2,026 | 4,790 | 3,669 | 7,375 | 11,085 | 5,898 | 4,050 | 2,163 | |
441 |
- | - | - | - | - | - | - | - | - | 200 | 3,546 | 3,546 | 3,546 | 4,300 | 4,360 | - | - | - | - | - | |
45 |
12,172 | 10,857 | 0 | 241 | 353 | 236 | 445 | 320 | 341 | - | 184 | - | 588 | 943 | 880 | 473 | 2,290 | 1,353 | 435 | 867 | |
450/3 |
9,097 | 7,814 | 0 | 241 | 353 | 236 | 445 | 320 | 341 | - | 184 | - | 588 | 943 | 880 | 473 | 2,290 | 1,353 | 435 | 867 | |
454/9 |
3,075 | 3,043 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
93,769 | 118,685 | 119,304 | 113,507 | 110,916 | 107,379 | 104,748 | 99,871 | 98,346 | 89,694 | 86,147 | 81,847 | 100,135 | 109,086 | 130,955 | 152,752 | 163,486 | 206,465 | 181,167 | 174,256 | |
| Income statement | |||||||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 44,025 | 39,649 | 41,232 | 24,763 | 22,522 | |
9900 |
50,224 | 30,785 | -4,902 | -1,858 | -2,278 | -1,981 | -5,562 | 378 | -3,724 | -1,698 | -1,260 | 17,030 | 9,812 | 22,116 | 24,705 | 13,078 | 14,037 | 11,194 | 5,525 | 6,426 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30,946 | 25,612 | 30,038 | 19,329 | 16,096 | |
62 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 377 | - | - | - | - | |
630 |
1,781 | 905 | 1 | - | - | - | - | - | - | - | 140 | 140 | 140 | 6,331 | 6,646 | 6,506 | 6,703 | 8,634 | 2,844 | 2,249 | |
640/8 |
1,756 | 1,522 | 132 | 1,018 | 1,377 | 972 | 1,141 | 996 | 984 | 970 | 1,345 | 913 | 815 | 2,228 | 1,069 | 1,785 | 1,105 | 1,962 | 484 | 544 | |
66A |
0 | 10,541 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9901 |
46,686 | 17,817 | -5,035 | -2,876 | -3,655 | -2,952 | -6,703 | -618 | -4,708 | -2,668 | -2,745 | 15,976 | 8,857 | 13,557 | 16,989 | 4,411 | 6,229 | 598 | 2,196 | 3,633 | |
75/76B |
5 | 5 | 1 | - | - | - | - | - | - | 46 | 1,651 | 1 | 33 | 231 | 16 | 3,137 | 11,864 | 662 | 649 | 312 | |
75 |
5 | 5 | 1 | - | - | - | - | - | - | 46 | 1,651 | 1 | 33 | 231 | 16 | 3,137 | 11,864 | 662 | 649 | 312 | |
65/66B |
3,036 | 1,363 | 95 | 350 | 132 | 72 | 120 | 117 | 96 | 137 | 488 | 201 | 242 | 575 | 465 | 451 | 632 | 517 | 496 | 2,376 | |
65 |
3,036 | 1,363 | 95 | 350 | 132 | 72 | 120 | 117 | 96 | 137 | 488 | 201 | 242 | 575 | 465 | 451 | 632 | 517 | 496 | 2,376 | |
9903 |
43,655 | 16,459 | -5,128 | -3,226 | -3,787 | -3,025 | -6,823 | -735 | -4,804 | -2,759 | -1,582 | 15,776 | 8,648 | 13,213 | 16,540 | 7,096 | 17,460 | 743 | 2,349 | 1,569 | |
67/77 |
10,023 | 4,482 | 0 | 125 | 117 | 110 | 126 | 320 | 341 | - | - | 0 | 0 | - | 0 | - | 0 | - | 0 | - | |
9904 |
33,632 | 11,977 | -5,128 | -3,350 | -3,904 | -3,135 | -6,949 | -1,055 | -5,145 | -2,759 | -1,582 | 15,776 | 8,648 | 13,213 | 16,540 | 7,096 | 17,460 | 743 | 2,349 | 1,569 | |
9905 |
33,632 | 11,977 | -5,128 | -3,350 | -3,904 | -3,135 | -6,949 | -1,055 | -5,145 | -2,759 | -1,582 | 15,776 | 8,648 | 13,213 | 16,540 | 7,096 | 17,460 | 743 | 2,349 | 1,569 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-91,089 | -124,721 | -136,698 | -131,570 | -128,219 | -124,316 | -121,180 | -114,232 | -113,177 | -108,032 | -105,273 | -103,691 | -119,467 | -128,115 | -141,328 | -157,868 | -164,964 | -182,424 | -183,167 | -185,516 | |
14P |
-124,721 | -136,698 | -131,570 | -128,219 | -124,316 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 7 older financial years (1999-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 29-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00213965 | |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00115466 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00406440 | |
| 31-12-2022 | micro format | 30-05-2023 | 2023-00098341 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20045694 | |
| 31-12-2020 | micro format | 23-06-2021 | 2021-23200524 | |
| 31-12-2019 | micro format | 05-06-2020 | 2020-14800583 | |
| 31-12-2018 | micro format | 20-06-2019 | 2019-20700041 | |
| 31-12-2017 | micro format | 22-06-2018 | 2018-21900404 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-20300010 | |
| 31-12-2015 | abbreviated format | 23-06-2016 | 2016-21600416 | |
| 31-12-2014 | abbreviated format | 17-07-2015 | 2015-31900481 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-62600284 | |
| 31-12-2012 | abbreviated format | 25-06-2013 | 2013-21500513 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32200161 | |
| 31-12-2010 | abbreviated format | 15-02-2012 | 2012-03400376 | |
| 31-12-2009 | abbreviated format | 24-06-2010 | 2010-21700030 | |
| 31-12-2008 | abbreviated format | 29-06-2009 | 2009-31700358 | |
| 31-12-2007 | abbreviated format | 26-06-2008 | 2008-29900036 | |
| 31-12-2006 | abbreviated format | 19-06-2007 | 2007-24800204 | |
| 31-12-2005 | abbreviated format | 22-06-2006 | 2006-31303249 | |
| 31-12-2004 | abbreviated format | 27-06-2005 | 2005-36103006 | |
| 31-12-2003 | abbreviated format | 25-06-2004 | 2004-34302668 | |
| 31-12-2002 | abbreviated format | 26-09-2003 | 2003-70300405 | |
| 31-12-2001 | abbreviated format | 12-09-2002 | 2002-56205081 | |
| 31-12-2000 | abbreviated format | 12-10-2001 | 2001-64502542 | |
| 30-09-1999 | abbreviated format | 29-03-2000 | 2000-07400305 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 48,468 | 18,722 | -5,034 | - | - | - | - | - | - | - | -2,605 | 16,117 | 8,998 | 19,888 | 23,636 | 10,917 | 12,931 | 9,231 | 5,041 | 5,883 | ||
| 35,413 | 12,882 | -5,127 | - | - | - | - | - | - | - | -1,442 | 15,917 | 8,788 | 19,544 | 23,187 | 13,602 | 24,163 | 9,377 | 5,193 | 3,818 | ||
| 4,750 | 38,924 | 2,125 | - | - | - | - | - | - | - | 0 | 0 | 0 | -20 | 702 | 0 | 0 | 28,947 | 2,599 | 0 | ||
| 4,012 | 11,892 | -168 | -145 | -363 | -426 | 201 | -2,268 | 1,837 | -2,831 | 2,487 | -2,271 | -17 | 480 | 2,663 | -5,184 | 4,030 | -6,714 | 5,552 | - | ||
| -81,514 | -112,177 | -120,230 | -112,978 | -109,627 | -105,724 | -102,588 | -95,640 | -94,585 | -89,440 | -86,681 | -85,239 | -101,156 | -109,944 | -129,508 | -151,993 | -165,595 | -189,758 | -168,432 | -168,106 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10.0% | 15.7% | 1.4% | 8.9% | 16.1% | ||
| -187.3% | -331.2% | - | - | - | - | - | - | - | -925.6% | - | - | - | - | -716.6% | -653.1% | -480.1% | -317.3% | -639.1% | -934.4% | ||
| 0.27 | 0.19 | - | - | - | - | - | - | 0.08 | 0.10 | 0.08 | 0.07 | 0.05 | 0.08 | 0.07 | 0.05 | 0.06 | 0.12 | 0.11 | 0.07 | ||
| 0.27 | 0.19 | - | - | - | - | - | - | 0.06 | 0.03 | 0.07 | 0.05 | 0.04 | 0.07 | 0.04 | 0.02 | 0.04 | 0.09 | 0.07 | 0.03 | ||
| 86.9% | 37.4% | - | - | - | - | - | - | -64.2% | -28.5% | -19.7% | 258.2% | 159.6% | 137.7% | 96.6% | 33.3% | 57.3% | 1.4% | 9.1% | 8.8% | ||
| 15.96 | 13.73 | -53.20 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 24 days | 3 days | 153 days | 57 days | 23 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 87 days | 158 days | 72 days | 76 days | 49 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 | €4,750 | €38,924 | €2,125 | - | - |
| €1,781 | €905 | €1 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 162% higher than in 2024 and the highest since 2006. It is the second rise in a row, after the fall in 2023.
Equity is negative. Debt (€111,202) exceeds the balance-sheet total (€38,705).
Codly has no parent and no holdings in its annual accounts. is the only director. Codly shares no director with another company.
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 |
|---|---|---|
| Hoogstraat 13 registered office 9401 Ninove | 01-02-1999 | 2.090.076.024 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 41057A0520/00D000 | 971 m² | 1 · 185 m² | 5.7 m · 1 |
If something looks wrong or is missing, please tell us.