Codorama
ActiveSummary
Codorama has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €6k and a net result of €55k. Equity is shrinking by ~40.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 6% of 182 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency28▼-59
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
3%
Return on assets
27.6%
Age of the figures
6 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 182 sector peers (2026).
NBB · sector comparisonPosition among 182 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-04-2026, 192 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2026
192 d early
2025
168 d early
2024
49 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€6k▼ 93.3%
2025 · €89k
2024: €31k
2025: €89k▲ +184% vs 2024highest in 3 years
2026: €6k▼ -93.3% vs 2025lowest in 3 years
2024 → 2026
Total assets
€199k▲ 37.9%
2025 · €144k
2024: €90klowest in 3 years
2025: €144k▲ +60.4% vs 2024
2026: €199k▲ +37.9% vs 2025highest in 3 years
2024 → 2026
Net result
€55k▼ 6.3%
2025 · €59k
2024: €26klowest in 3 years
2025: €59k▲ +124% vs 2024highest in 3 years
2026: €55k▼ -6.3% vs 2025
2024 → 2026
Working capital
€-14k
2025 · €62k
2024: €-434
2025: €62k▲ +14298% vs 2024highest in 3 years
2026: €-14k▼ -123% vs 2025lowest in 3 years
2024 → 2026
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202420252026Trend
Equity€31k-€89k▲ 184%€6k▼ 93.3%
2024: €31k
2025: €89k▲ +184% vs 2024highest in 3 years
2026: €6k▼ -93.3% vs 2025lowest in 3 years
Operating result€33k-€75k▲ 126%€71k▼ 4.7%
2024: €33klowest in 3 years
2025: €75k▲ +126% vs 2024highest in 3 years
2026: €71k▼ -4.7% vs 2025
Net result€26k-€59k▲ 124%€55k▼ 6.3%
2024: €26klowest in 3 years
2025: €59k▲ +124% vs 2024highest in 3 years
2026: €55k▼ -6.3% vs 2025
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2026; 2026 is 5% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €199k
Fixed assets
€20k ▼ 26.4%
Current assets
€179k ▲ 52.9%
Equity and liabilities €199k
Equity
€6k ▼ 93.3%
Debt
€193k ▲ 248%
Debt's share of the balance-sheet total rises from 38.4% to 97.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€79k▼
2025 · €83k
Cash flow
€63k▼
2025 · €67k
Current ratio
0.93▼
2025 · 2.11
Debt to equity
32.19▲
2025 · 0.62
ROE
914.5%▲
2025 · 65.8%
ROA
27.6%▼
2025 · 40.5%
Interest coverage
34.33▼
2025 · 77.28
Debt ≤ 1 year
€193k▲
2025 · €55k
Income taxes
€15k▼
2025 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 44 lines
Balance sheet
Code20252026
Assets
Total assets20/58€144k€199k▲
Formation expenses20€0-
Fixed assets21/28€27k€20k▼
Tangible fixed assets22/27€27k€20k▼
Plant, machinery and equipment23€1k€1k▲
Furniture and vehicles24€23k€16k▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€117k€179k▲
Amounts receivable within one year40/41€14k€14k=
Trade receivables40€14k€14k=
Current investments50/53€2k€17k▲
Cash at bank and in hand54/58€100k€147k▲
Deferred charges and accrued income490/1€352€385▲
Equity and liabilities
Total equity and liabilities10/49€144k€199k▲
Equity10/15€89k€6k▼
Contributions10/11€6k€6k=
Reserves13€83k€0▼
Distributable reserves133€83k€0▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€55k€193k▲
Amounts payable within one year42/48€55k€193k▲
Trade debts44€29€341▲
Suppliers440/4€29€341▲
Taxes, remuneration and social security45€25k€45k▲
Taxes450/3€25k€45k▲
Other amounts payable47/48€30k€148k▲
Income statement
Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€300€372▲
Gross operating margin9900€83k€80k▼
Operating profit (loss)9901€75k€71k▼
Financial income75/76B€15€306▲
Recurring financial income75€15€306▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€74k€69k▼
Income taxes67/77€15k€15k▼
Profit (loss) for the period9904€59k€55k▼
Profit (loss) for the period to be appropriated9905€59k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€55k▼
Transfer from equity791/2-€138k
Transfer to equity691/2€58k€55k▼
To other reserves6921€58k€55k▼
Profit to be distributed694/7€859€138k▲
Return on contributions (dividend)694€859€138k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | ▼ 1.9% |
| Other operating charges640/8 | €290 | €300 | €372 | ▲ 24.2% |
| Gross operating margin9900 | €41k | €83k | €80k | ▼ 4.3% |
| Operating profit (loss)9901 | €33k | €75k | €71k | ▼ 4.7% |
| Financial income75/76B | - | €15 | €306 | ▲ 1,939% |
| Recurring financial income75 | - | €15 | €306 | ▲ 1,939% |
| Financial charges65/66B | €43 | €1k | €2k | ▲ 115% |
| Recurring financial charges65 | €43 | €1k | €2k | ▲ 115% |
| Profit (loss) for the period before taxes9903 | €33k | €74k | €69k | ▼ 6.1% |
| Income taxes67/77 | €7k | €15k | €15k | ▼ 5.4% |
| Profit (loss) for the period9904 | €26k | €59k | €55k | ▼ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €26k | €59k | €55k | ▼ 6.3% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €90k | €144k | €199k | ▲ 37.9% |
| Formation expenses20 | €488 | €0 | - | - |
| Fixed assets21/28 | €31k | €27k | €20k | ▼ 26.4% |
| Tangible fixed assets22/27 | €31k | €27k | €20k | ▼ 26.4% |
| Plant, machinery and equipment23 | €2k | €1k | €1k | ▲ 5.1% |
| Furniture and vehicles24 | €29k | €23k | €16k | ▼ 30.8% |
| Other tangible fixed assets26 | - | €4k | €3k | ▼ 10.3% |
| Current assets29/58 | €58k | €117k | €179k | ▲ 52.9% |
| Amounts receivable within one year40/41 | - | €14k | €14k | = |
| Trade receivables40 | - | €14k | €14k | = |
| Current investments50/53 | - | €2k | €17k | ▲ 710% |
| Cash at bank and in hand54/58 | €58k | €100k | €147k | ▲ 46.6% |
| Deferred charges and accrued income490/1 | €260 | €352 | €385 | ▲ 9.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €90k | €144k | €199k | ▲ 37.9% |
| Equity10/15 | €31k | €89k | €6k | ▼ 93.3% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Reserves13 | €25k | €83k | €0 | ▼ 100% |
| Distributable reserves133 | €25k | €83k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €59k | €55k | €193k | ▲ 248% |
| Amounts payable within one year42/48 | €59k | €55k | €193k | ▲ 248% |
| Trade debts44 | €29 | €29 | €341 | ▲ 1,078% |
| Suppliers440/4 | €29 | €29 | €341 | ▲ 1,078% |
| Taxes, remuneration and social security45 | €12k | €25k | €45k | ▲ 76.5% |
| Taxes450/3 | €12k | €25k | €45k | ▲ 76.5% |
| Other amounts payable47/48 | €46k | €30k | €148k | ▲ 393% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €59k | €55k | ▼ 6.3% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | ▼ 1.9% |
| Operating cash flow (approximation) | €34k | €67k | €63k | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €-4k | €-627 | ▲ 84.9% |
| Change in cash | - | €42k | €47k | ▲ 10.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
22-04
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2024net €59k ▲124%
Operating result €75k, net result €59k, both a record.
31-03
Financial
Liquidity doublescurrent ratio 2.11
Current ratio from 0.99 to 2.11; short-term debt falls from €59k to €55k.
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
Ground area
258 m²
Building footprint
91 m²
Volume, LiDAR
439 m³
Parcel 44038A0204/00M000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Codorama
since 20232.346.755.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0204/00M000 | Flanders | 258 m² | 1 · 91 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CLO Management
BE 0765.312.677
Etterbeek · Eq €6,000
BP MGMT
BE 1032.073.961
Dilbeek · Eq €6,000
BMD consult
BE 0781.786.742
Evere · Eq €6,000
VITO CONSULTING
BE 1010.013.191
Koekelberg · Eq €6,014
ZorgMee
BE 0791.154.368
Gent · Eq €6,021
Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 3,333 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-06-2023
Fiscal year end31-03
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63910Web portal activities
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.