Equity
€6,000 ▼ 93.3%
Equity fell in 2026 from €88,959 to €6,000.
Codorama
Overview
Lifetime
3 annual accounts with figures on one time axispeak €83,282 (2025)
€79,660▼ 4.3%
peak €58,533 (2025)
€54,871▼ 6.3%
peak €88,959 (2025)
€6,000▼ 93.3%
€193,165▲ 248%
Board1 name since 2023
1 directorLEFEVER Lydéric Lucien Jules
Documentsfilings and deeds
22-04-2026192 days before the deadline
2026micro format
Dividend €137,830Equity from €88,959 to €6,000Debts from €55,473 to €193,165Cash from €100,190 to €146,878
Key points
from the 2026 annual accountsTurnover
≈ €190,000 estimated
The micro format states no turnover.
Debts
€193,165 97% of the balance sheet
Suppliers 0%Taxes and wages 23%Other 77%
Liquidity
0.93 was 2.11 in 2025
Short-term debts rose from €55,473 to €193,165.
Starting capital
€6,000
Position in the sector
3.0%
Lower solvency than 92% of companies in computer programming and consultancy. Sector median 62.0% · 657 companies.
Checked score
91
Excellent
Financially stronger than 32% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026lowest value
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Equity €6,000 (3.0% of total assets)
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 0.93, cash €146,878
Size: total assets €199,165
Calculation
The band follows from the bankruptcy probability. 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). It does better than 11% of them on solvency, 27% on liquidity, 82% on profitability and 6% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as Codorama has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Codorama itself is lower: 0.1% within 12 months. It rests on far more data about Codorama than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,157 companies, not a prediction for Codorama. 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
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.93 (2.11 in 2025), below 1. Short-term debt is 97% and cash 73.7% of total assets. 97% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 657 sector peers (2026).
NBB · sector comparisonPosition among 657 sector peers
Solvency
better than 7%
← 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 days early
2025
168 days early
2024
49 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 136 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 16 May (3 of the last 3 accounts filed within 119 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803281051
Incorporation
Founding capital of €6,000, 100 shares · Founder: LEFEVER Lydéric Lucien Jules · Appointment: LEFEVER Lydéric Lucien Jules (director) · published on 30-06-2023 · Gazette deed
First establishment
Kleine Broekstraat 29, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codorama Ghent | €199,165 | €79,660 | 3.0% | - |
| Stackhouse Ghent | €194,534 | €76,426 | 78.0% | - |
| Elias Meire Ghent | €173,833 | €75,629 | 90.1% | - |
| Nguim Consulting Denderleeuw | €198,406 | €81,970 | 79.9% | - |
| Softworckx Dendermonde | €229,368 | €75,412 | 81.3% | - |
| Your Totem Ghent | €178,939 | €76,653 | 37.3% | - |
| NEXERA Waasmunster | €184,141 | €69,745 | 68.6% | - |
These companies have the same main activity as Codorama: computer programming (NACE 62100). They are comparable in size and age: total assets between €174,000 and €229,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 28-06-2023Normal situation
- Activity
- Computer programmingNACE 62100and 5 others
- Establishment unit
- 2.346.755.5439030 Ghent, since 28-06-2023
- Financial year end
- 31 March
- Peppol
- Reachable since 12-09-2025
Annual accounts to 31-03-2026
- €79,660▼ 4.3%
- €54,871▼ 6.3%
- €6,000▼ 93.3%
- €199,165▲ 37.9%
- Filing
- Filed on 22-04-2026, 192 days before the end of the filing period
Insights on Codorama
Codorama files the micro format. That format states no turnover. The gross margin rose from €41,350 in 2024 to €79,660 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2026
micro format, filed on 22-04-2026, 192 days before the deadline€79,660
▼ 4.3%
€71,435
▼ 4.7%
€54,871
▼ 6.3%
-€14,149
▼ €75,733
3.0%
▼ 58.6 percentage points
0.93
▼ 1.18
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 ≈ €190,000. Estimated: probably between €150,000 and €240,000.
Balance sheet
balance sheet total €199,165 on 31-03-2026What the company ownsHow it is paid for
in euro
in euro
Position in the sector
3.0%
Higher than 52% of 21,208 companies in 2025.
0.93
Higher than 45% of 20,571 companies in 2025.
27.6%
Higher than 78% of 20,746 companies in 2025.
Codorama
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
199,165 | 144,433 | 90,022 | |
20 |
- | 0 | 488 | |
21/28 |
20,149 | 27,376 | 31,231 | |
22/27 |
20,149 | 27,376 | 31,231 | |
23 |
1,370 | 1,303 | 1,789 | |
24 |
15,589 | 22,516 | 29,442 | |
26 |
3,191 | 3,557 | - | |
29/58 |
179,015 | 117,057 | 58,303 | |
40/41 |
14,369 | 14,369 | - | |
40 |
14,369 | 14,369 | - | |
50/53 |
17,383 | 2,146 | - | |
54/58 |
146,878 | 100,190 | 58,043 | |
490/1 |
385 | 352 | 260 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
199,165 | 144,433 | 90,022 | |
10/15 |
6,000 | 88,959 | 31,285 | |
10/11 |
6,000 | 6,000 | 6,000 | |
13 |
0 | 82,959 | 25,285 | |
133 |
0 | 82,959 | 25,285 | |
14 |
0 | 0 | 0 | |
17/49 |
193,165 | 55,473 | 58,737 | |
42/48 |
193,165 | 55,473 | 58,737 | |
44 |
341 | 29 | 29 | |
440/4 |
341 | 29 | 29 | |
45 |
44,851 | 25,411 | 12,231 | |
450/3 |
44,851 | 25,411 | 12,231 | |
47/48 |
147,972 | 30,033 | 46,477 | |
| Income statement | ||||
9900 |
79,660 | 83,282 | 41,350 | |
630 |
7,853 | 8,004 | 7,846 | |
640/8 |
372 | 300 | 290 | |
9901 |
71,435 | 74,978 | 33,213 | |
75/76B |
306 | 15 | - | |
75 |
306 | 15 | - | |
65/66B |
2,310 | 1,074 | 43 | |
65 |
2,310 | 1,074 | 43 | |
9903 |
69,431 | 73,919 | 33,170 | |
67/77 |
14,560 | 15,386 | 7,052 | |
9904 |
54,871 | 58,533 | 26,118 | |
9905 |
54,871 | 58,533 | 26,118 | |
| Appropriation of the result | ||||
9906 |
54,871 | 58,533 | 26,118 | |
791/2 |
137,830 | - | - | |
691/2 |
54,871 | 57,674 | 25,285 | |
6921 |
54,871 | 57,674 | 25,285 | |
694/7 |
137,830 | 859 | 833 | |
694 |
137,830 | 859 | 833 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2026 (PDF), filed on 22-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 |
|---|---|---|---|---|
| 79,288 | 82,982 | 41,059 | ||
| 62,724 | 66,537 | 33,964 | ||
| 627 | 3,661 | 36,638 | ||
| 46,688 | 42,147 | - | ||
| -14,149 | 61,584 | -434 | ||
| 3.0% | 61.6% | 34.8% | ||
| 0.93 | 2.11 | 0.99 | ||
| 32.19 | 0.62 | 1.88 | ||
| 914.5% | 65.8% | 83.5% | ||
| 27.6% | 40.5% | 29.0% | ||
| 34.33 | 77.28 | over 100 |
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.
Investments
fixed assets acquired| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 |
|---|---|---|---|
| Tangible fixed assets | €627 | €3,661 | €36,638 |
| €7,853 | €8,004 | €7,846 |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
Insights on Codorama
The operating result for 2026 is 5% lower than in 2025.
Debt's share of the balance-sheet total rises from 38.4% to 97.0%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector
since 28-06-2023
term without a fixed end
listed in the 2026 annual accounts, filed on 22-04-2026
Mandates through the years
1 name, the dashed line is todayLEFEVER Lydéric Lucien Jules
Director
Director
Board
Mandates as a list
- LEFEVER Lydéric Lucien Jules
- Director, from 28-06-2023 to date
Control
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €60 in 2026
- Source
- deed of 30-06-2023
Articles of association
deed of 30-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 10:00
Shareholders
At incorporation
deed of 30-06-2023 ↗
- LEFEVER Lydéric Lucien Jules 100 shares (100%) · €6,000 in cash
Capital transactions
Capital over time
- 30-06-2023 Incorporation · €6,000
- 30-06-2023 Incorporation · €6,000 · 100 shares
Network & group
No group
Codorama has no parent and no holdings in its annual accounts. LEFEVER Lydéric Lucien Jules is the only director. Codorama shares no director with another company.
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2027 accounts: 31-10-2027
2026
Annual accounts 2026 filed PDFmicro format · 192 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803281051
Annual accounts 2025 filed PDFmicro format · 168 days before the deadline
Highest result from 2024 to 2026 net €58,533 ▲124% The operating result of €74,978 and the net result of €58,533 are both a record.
Liquidity more than doubled current ratio 2.11 The current ratio rises from 0.99 to 2.11. Short-term debt falls from €58,737 to €55,473.
2024
Annual accounts 2024 filed PDFmicro format · 49 days before the deadline
2023
IncorporationFounding capital of €6,000, 100 shares · Founder: LEFEVER Lydéric Lucien Jules · Appointment: LEFEVER Lydéric Lucien Jules (director) · published on 30-06-20237 points ▸
- Founder, LEFEVER Lydéric Lucien Jules
- Founding capital, €6,000
- Founding capital, €6,000, 100 shares
- Capital, €6,000
- Registered office clause, Kleine Broekstraat 29, 9030 Gent (Mariakerke)
- Board rule, 1
- Director appointment, LEFEVER Lydéric Lucien Jules
- The deed holds 8 more points.
First establishment Kleine Broekstraat 29, Ghent
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 28 June 2023, Codorama was incorporated as a private limited company by one natural person, with a starting capital of €6,000.12 LEFEVER Lydéric Lucien Jules has served as director since 2023.3 Total assets went from €90,022 in 2024 to €199,165 in 2026.4
Company details
Identity
- Enterprise number
- 0803.281.051
- VAT number
- BE 0803.281.051
- Peppol ID
- 0208:0803281051
- Other Peppol ID
- 9925:BE0803281051
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 28-06-2023
- Financial year
- ends on 31 March
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 10:00deed of 30-06-2023 (in Dutch)
- Peppol
- Reachable since 12-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Codorama in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-06-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 30-06-2023 (in Dutch)
Activities
NACEBEL 202562100
Computer programming main activity
63910
Web portal activities
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
63990
Computing infrastructure, data processing, hosting and other information service activities
70210
Activities of head offices; management consultancy activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De ontwikkeling van software; Consulting en begeleiding inzake software en hardware; De verkoop van software in de meest ruime zin van het…”deed of 30-06-2023 (in Dutch)
19 activities
- De ontwikkeling van software
- Consulting en begeleiding inzake software en hardware
- De verkoop van software in de meest ruime zin van het woord (licenties van ontwikkelde computer programma’s en Cloud toepassingen,het ontwikkelen,kopen,verkopen,in licentie nemen afgeven van octrooien,… )
- Ontwerpen en ontwikkelen van websites,webportalen;
- Beheren van computerfaciliteiten;
- Gegevensverwerking,webhosting en aanverwante activiteiten;
- De aan-en verkoop van informatica-materieel en toebehoren
- Consultancy en dienstverlening inzake commercieel,strategisch,financieel en administratief management;inzake technisch management,productmanagement,inzake PR,publiciteit en marketing,inzake algemene management,bedrijfsvoering en beheer.
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning,organisatie,efficiëntie en toezicht,het verschaffen van informatie aan de bedrijfsleiding.
- Het verlenen van diverse administratieve ondersteuning,diverse zakelijke dienstverlening.
- Het verzorgen van opleidingen,coaching,lezingen,seminaries en publicaties.
- Het aanleggen,het oordeelkundige uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de binnenhuisinrichtingen en decoratie,de huur- en verhuur,de ruil,de verkaveling en in het algemene,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen zakelijke rechten.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook zoals de aan-en verkoop,de huur- en verhuur,de ruil,in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen,goud,…
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of –ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen.
- De vennootschap kan eveneens optreden als bestuurder,zaakvoerder,volmacht houder,mandataris of vereffenaar in andere vennootschappen of ondernemingen.
- De vennootschap kan zich borgstellen of zakelijke zekerheiden verstrekken ten voordeel van derden,ondernemingen of vennootschappen waarin zij een belang bezit als mede-eigenaar,vennoot,schuldeiser of anderszins.
- Het toestaan van leningen zowel aan derden als aan verbonden ondernemingen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende of onroerende handelingen verrichten,zelfs indien zij niet rechtstreeks in verband mee staan met de bovenstaande doelomschrijving,zoals onder meer de terbeschikkingstelling van roerende en onroerende goederen aan haar zaakvoerders,bij wijze van bezoldiging in natura.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kleine Broekstraat 29 registered office 9030 Ghent | 28-06-2023 | 2.346.755.543 |
Buildings and parcels at the address
- Ground area
- 258 m²
- Buildings
- 91 m²
- Volume, LiDAR
- 439 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44038A0204/00M000 | 258 m² | 1 · 91 m² | 7.9 m · 2 |