Codux
ActiveSummary
Codux has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,683 and a net result of €8,253. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 1431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-24
Solvency51▲+7
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 3.94 against 1.93 in 2024; short-term debt: 25.4% and cash: 0.6% of total assets), but 73.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2025Solvency, return and age of the figures
Solvency
26.4%
Return on assets
0.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
24 d early
2023
20 d early
2022
1 d late
2021
5 d late
2020
19 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€1.6m▼ 34.4%
2024 · €2.5m
EBIT margin
0.8%▼ 2.3pp
2024 · 3.1%
Net result
€8,253▼ 87.7%
2024 · €66,916
Working capital
€821,312▲ 17.2%
2024 · €700,630
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.4m▲ 81.3%€2.0m▲ 46.5%€2.2m▲ 10.5%€2.5m▲ 11.3%€1.6m▼ 34.4%
Operating result€144,218▲ 108%€125,447▼ 13.0%€287,163▲ 129%€77,536▼ 73.0%€13,392▼ 82.7%
Net result€125,742▲ 145%€106,303▼ 15.5%€201,356▲ 89.4%€66,916▼ 66.8%€8,253▼ 87.7%
EBIT margin10.5%▲ 1.4pp6.2%▼ 4.3pp12.9%▲ 6.7pp3.1%▼ 9.8pp0.8%▼ 2.3pp
Equity-€92,146▲ 57.7%€14,158€215,514▲ 1,422%€282,430▲ 31.0%€290,683▲ 2.9%
Total assets€262,518▲ 17.0%€588,032▲ 124%€854,904▲ 45.4%€1.5m▲ 70.8%€1.1m▼ 24.6%
Debt€354,664▼ 19.8%€573,875▲ 61.8%€639,390▲ 11.4%€1.2m▲ 84.2%€809,757▼ 31.2%
Working capital-€94,268▲ 57.1%€6,987€364,127▲ 5,111%€700,630▲ 92.4%€821,312▲ 17.2%
Staff (FTE)10.3▲ 124%11.1▲ 7.8%11.3▲ 1.8%6.7▼ 40.7%4.7▼ 29.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€176 ▼ 96.1%
Current assets
€1.1m ▼ 24.4%
Equity and liabilities €1.1m
Equity
€290,683 ▲ 2.9%
Provisions
€248
Debt
€809,757 ▼ 31.2%
Debt's share of the balance-sheet total falls from 80.7% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,646▼
2024 · €81,994
Cash flow
€11,507▼
2024 · €71,374
Current ratio
3.94▲
2024 · 1.93
Debt to equity
2.79▼
2024 · 4.17
ROE
2.8%▼
2024 · 23.7%
ROA
0.7%▼
2024 · 4.6%
Interest coverage
2.79▼
2024 · 8.30
Debt ≤ 1 year
€279,199▼
2024 · €755,004
Income taxes
€864▼
2024 · €1,114
Staff costs
€321,149▼
2024 · €505,317
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.4m | €2.0m | €2.2m | €2.5m | €1.6m | ▼ 34.4% |
| Non-recurring operating income76A | - | - | - | - | €14 | - |
| Goods, raw materials, services and sundry goods60/61 | €702,499 | €1.2m | €1.2m | €1.9m | €1.3m | ▼ 31.4% |
| Remuneration, social security and pensions62 | €551,941 | €711,572 | €752,825 | €505,317 | €321,149 | ▼ 36.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,809 | €1,316 | €4,492 | €4,458 | €3,253 | ▼ 27.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €248 | - |
| Other operating charges640/8 | €2,054 | €3,585 | €3,568 | €3,106 | €2,170 | ▼ 30.1% |
| Non-recurring operating charges66A | - | - | - | €29,214 | €7,671 | ▼ 73.7% |
| Gross operating margin9900 | €700,023 | €841,920 | €1.0m | €619,631 | €347,883 | ▼ 43.9% |
| Operating profit (loss)9901 | €144,218 | €125,447 | €287,163 | €77,536 | €13,392 | ▼ 82.7% |
| Financial income75/76B | - | - | €964 | €373 | €1,698 | ▲ 355% |
| Recurring financial income75 | - | - | €964 | €373 | €1,698 | ▲ 355% |
| Financial charges65/66B | €16,632 | €16,759 | €12,421 | €9,879 | €5,973 | ▼ 39.5% |
| Recurring financial charges65 | €16,632 | €16,759 | €12,421 | €9,879 | €5,973 | ▼ 39.5% |
| Profit (loss) for the period before taxes9903 | €127,586 | €108,689 | €275,706 | €68,030 | €9,117 | ▼ 86.6% |
| Income taxes67/77 | €1,844 | €2,385 | €74,350 | €1,114 | €864 | ▼ 22.4% |
| Profit (loss) for the period9904 | €125,742 | €106,303 | €201,356 | €66,916 | €8,253 | ▼ 87.7% |
| Transfer to tax-exempt reserves689 | - | - | €63,150 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €125,742 | €106,303 | €138,206 | €66,916 | €8,253 | ▼ 87.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €262,518 | €588,032 | €854,904 | €1.5m | €1.1m | ▼ 24.6% |
| Fixed assets21/28 | €2,122 | €7,170 | €8,328 | €4,572 | €176 | ▼ 96.1% |
| Tangible fixed assets22/27 | €2,122 | €7,170 | €8,328 | €4,572 | €176 | ▼ 96.1% |
| Plant, machinery and equipment23 | €2,122 | €7,170 | €8,328 | €4,572 | €176 | ▼ 96.1% |
| Current assets29/58 | €260,396 | €580,862 | €846,576 | €1.5m | €1.1m | ▼ 24.4% |
| Amounts receivable within one year40/41 | €232,929 | €563,026 | €679,742 | €977,977 | €1.1m | ▲ 11.5% |
| Trade receivables40 | €232,929 | €313,094 | €660,193 | €701,871 | €774,842 | ▲ 10.4% |
| Other amounts receivable41 | - | €249,932 | €19,549 | €276,106 | €315,773 | ▲ 14.4% |
| Cash at bank and in hand54/58 | €23,065 | €6,505 | €14,670 | €5,918 | €6,118 | ▲ 3.4% |
| Deferred charges and accrued income490/1 | €4,401 | €11,331 | €152,164 | €471,739 | €3,778 | ▼ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €262,518 | €588,032 | €854,904 | €1.5m | €1.1m | ▼ 24.6% |
| Equity10/15 | -€92,146 | €14,158 | €215,514 | €282,430 | €290,683 | ▲ 2.9% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €153,350 | €220,350 | €228,350 | ▲ 3.6% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | - | €63,150 | €63,150 | €63,150 | = |
| Distributable reserves133 | - | - | €84,000 | €151,000 | €159,000 | ▲ 5.3% |
| Profit (loss) carried forward14 | -€160,346 | -€54,042 | €164 | €80 | €333 | ▲ 318% |
| Provisions and deferred taxes16 | - | - | - | - | €248 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €248 | - |
| Pensions and similar obligations160 | - | - | - | - | €248 | - |
| Amounts payable17/49 | €354,664 | €573,875 | €639,390 | €1.2m | €809,757 | ▼ 31.2% |
| Amounts payable within one year42/48 | €354,664 | €573,875 | €482,450 | €755,004 | €279,199 | ▼ 63.0% |
| Trade debts44 | €121,409 | €457,256 | €278,473 | €581,984 | €130,109 | ▼ 77.6% |
| Suppliers440/4 | €121,409 | €457,256 | €278,473 | €581,984 | €130,109 | ▼ 77.6% |
| Taxes, remuneration and social security45 | €77,573 | €116,619 | €188,976 | €144,132 | €142,303 | ▼ 1.3% |
| Taxes450/3 | €21,137 | €12,940 | €106,792 | €102,246 | €112,526 | ▲ 10.1% |
| Remuneration and social security454/9 | €56,436 | €103,679 | €82,184 | €41,887 | €29,777 | ▼ 28.9% |
| Other amounts payable47/48 | €155,682 | - | €15,000 | €28,888 | €6,787 | ▼ 76.5% |
| Accrued charges and deferred income492/3 | - | - | €156,941 | €422,771 | €530,558 | ▲ 25.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €125,742 | €106,303 | €201,356 | €66,916 | €8,253 | ▼ 87.7% |
| + Depreciation and write-downs630 | €1,809 | €1,316 | €4,492 | €4,458 | €3,253 | ▼ 27.0% |
| Operating cash flow (approximation) | €127,551 | €107,619 | €205,848 | €71,374 | €11,507 | ▼ 83.9% |
| Investment in fixed assets (approximation) | - | -€6,364 | -€5,649 | -€702 | €1,142 | ▲ 263% |
| Change in cash | - | -€16,560 | €8,165 | -€8,752 | €200 | ▲ 102% |
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 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.94
Current ratio from 1.93 to 3.94; short-term debt falls from €755,004 to €279,199.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €201,356 ▲89.4%
Operating result €287,163, net result €201,356, both a record.
31-12
Financial
Equity above €200,000Eq €215,514 ▲1,422%
4 profitable years in a row build equity to €215,514.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €51,336
Net result €51,336 after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€282,076
Net result drops to -€282,076, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2008
Ground area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
79
companies at this address
See who is registered here
1 establishment unit
Codux
since 20082.168.508.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 2,386 EUR awarded · 2,386 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 852 EUR | 852 EUR |
| 2023 | 1 | 1,534 EUR | 1,534 EUR |
Schemes
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 13,819 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded23-01-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.