D-CODE
ActiveD-CODE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176k and a net result of €15k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 46% of 7017 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▲+5
Solvency75▲+12
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 5.06 against 2.27 in 2024; short-term debt: 14.2% and cash: 56.4% of total assets), but 50.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
49.9%
Return on assets
4.2%
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
50 d early
2023
7 d late
2022
25 d early
2021
11 d late
2020
11 d late
2019
81 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€176k▲ 9.1%
2024 · €162k
2018: €201k
2019: €198k
2020: €204k
2021: €233k
2022: €246k
2023: €209k
2024: €162k
2018 → 2025
Total assets
€354k▼ 16.7%
2024 · €424k
2018: €431k
2019: €373k
2020: €391k
2021: €457k
2022: €472k
2023: €547k
2024: €424k
2018 → 2025
Net result
€15k▲ 578%
2024 · €2k
2018: €463
2019: €-3k
2020: €6k
2021: €79k
2022: €63k
2023: €13k
2024: €2k
2018 → 2025
Working capital
€203k▲ 18.0%
2024 · €172k
2018: €119k
2019: €136k
2020: €157k
2021: €199k
2022: €251k
2023: €205k
2024: €172k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€233k-€246k▲ 5.8%€209k▼ 15.0%€162k▼ 22.8%€176k▲ 9.1%
Operating result€109k-€84k▼ 22.6%€17k▼ 79.8%€2k▼ 86.5%€19k▲ 726%
Net result€79k-€63k▼ 19.3%€13k▼ 79.3%€2k▼ 83.5%€15k▲ 578%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 726% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €354k
Fixed assets
€100k▼ 14.1%
Current assets
€254k▼ 17.6%
Equity and liabilities €354k
Equity
€176k▲ 9.1%
Provisions
€127k=
Debt
€50k▼ 63.0%
The debt ratio falls from 31.9% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▲
2024 · €20k
Cash flow
€32k▲
2024 · €20k
Solvency
49.9%▲
2024 · 38.1%
Current ratio
5.06▲
2024 · 2.27
Quick ratio
5.06▲
2024 · 2.27
Debt / equity
0.28▼
2024 · 0.84
ROE
8.3%▲
2024 · 1.3%
ROA
4.2%▲
2024 · 0.5%
Interest coverage
288.51▲
2024 · 60.07
Debt
€50k▼
2024 · €135k
Debt ≤ 1 year
€50k▼
2024 · €135k
Income taxes
€6k▲
2024 · €2k
Staff costs
€85k▼
2024 · €125k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€424k€354k▼
Fixed assets21/28€116k€100k▼
Intangible fixed assets21€1k€61▼
Tangible fixed assets22/27€115k€100k▼
Land and buildings22€112k€97k▼
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€160€160=
Current assets29/58€308k€254k▼
Amounts receivable within one year40/41€11k€48k▲
Trade receivables40€2k€48k▲
Other amounts receivable41€9k-
Cash at bank and in hand54/58€292k€200k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€424k€354k▼
Equity10/15€162k€176k▲
Contributions10/11€31k€31k=
Reserves13€23k€23k=
Tax-exempt reserves132€17k€17k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€107k€122k▲
Provisions and deferred taxes16€127k€127k=
Provisions for liabilities and charges160/5€127k€127k=
Pensions and similar obligations160€127k€127k=
Amounts payable17/49€135k€50k▼
Amounts payable within one year42/48€135k€50k▼
Trade debts44€52k€31k▼
Suppliers440/4€52k€31k▼
Taxes, remuneration and social security45€32k€16k▼
Taxes450/3€16k€7k▼
Remuneration and social security454/9€16k€9k▼
Other amounts payable47/48€52k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€125k€85k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€151k€128k▼
Operating profit (loss)9901€2k€19k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€331€126▼
Recurring financial charges65€331€126▼
Profit (loss) for the period before taxes9903€4k€21k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€2k€15k▲
Profit (loss) for the period to be appropriated9905€2k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€157k€122k▼
Profit (loss) brought forward from the previous period14P€155k€107k▼
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.06
Current ratio from 2.27 to 5.06; short-term debt falls from €135k to €50k.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Highest result since 2018net €79k ▲1239%
Operating result €109k, net result €79k, both a record.
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
31-12
Financial
Equity above €200kEq €204k ▲3%
Equity rises from €198k to €204k.
20-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 81 days late
2019
31-12
Financial
Weakest financial yearnet €-3k ▼769%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Lincent · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Route de Huy 854287 LincentGround area
789 m²
Building footprint
232 m²
Volume, LiDAR
1,463 m³
Parcel 64047A0453/00Z000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Route de Huy 85, 4287 Lincent
since 20012.096.979.454
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64047A0453/00Z000 | Wallonia | 789 m² | 1 · 232 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 1,359 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2001
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
73200Market research and public opinion polling
74131
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.