Losses
Every financial year from 2020 to 2023 closed with a loss. 2021 was the heaviest.
Trustee: Francois Frederick. The judgment is more than a year old. A claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
Every financial year from 2020 to 2023 closed with a loss. 2021 was the heaviest.
Nine of the last ten came late. The 2021 accounts came latest: 86 days after the end of the period.
Equity fell from €799,829 in 2016 to €505,286 in 2023, while debts rose from €224,389 to €683,433.
On 28 August 2025 the court declared DIGITAL CODE bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.2m. Estimated: probably between €1.5m and €3.6m.
Higher than 33% of 18,239 companies in 2023.
Higher than 34% of 17,728 companies in 2023.
Higher than 14% of 17,866 companies in 2023.
Net result: bottom quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
1.2m | 1.2m | 1.1m | 1.2m | 1.2m | 1.0m | 926,783 | 1.0m | 1.2m | 898,200 | 590,171 | 685,351 | 305,960 | 165,250 | 337,793 | |
21/28 |
23,535 | 37,975 | 55,289 | 63,315 | 70,518 | 33,256 | 11,580 | 15,644 | 11,469 | 9,968 | 19,043 | 25,377 | 12,340 | 18,439 | 16,239 | |
22/27 |
19,335 | 34,350 | 54,739 | 62,765 | 70,468 | 33,206 | 11,530 | 15,594 | 11,419 | 9,918 | 18,993 | 25,327 | 12,290 | 18,389 | 16,094 | |
22 |
9,379 | 13,467 | 17,556 | 4,065 | - | - | - | - | - | - | - | - | - | - | - | |
23 |
301 | 5,259 | 10,769 | 16,278 | - | - | - | - | - | - | - | - | - | - | - | |
24 |
9,655 | 15,624 | 26,414 | 42,422 | 70,468 | 33,206 | 11,530 | 15,594 | 11,419 | 9,918 | 18,993 | 25,327 | 12,290 | 18,389 | 16,094 | |
28 |
4,200 | 3,625 | 550 | 550 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 145 | |
29/58 |
1.2m | 1.1m | 1.0m | 1.2m | 1.1m | 1.0m | 915,203 | 1.0m | 1.2m | 888,232 | 571,128 | 659,974 | 293,620 | 146,811 | 321,554 | |
3 |
819,882 | 646,081 | 82,604 | - | - | - | - | - | - | - | - | - | - | - | - | |
30/36 |
819,882 | 646,081 | 82,604 | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
299,141 | 356,462 | 290,381 | 509,785 | 1.0m | 1.0m | 829,045 | 884,212 | 957,536 | 649,448 | 461,284 | 583,483 | 195,512 | 120,411 | 227,646 | |
40 |
298,462 | 332,883 | 223,344 | 486,550 | 1.0m | 1.0m | 825,918 | 873,658 | 957,536 | 649,448 | 461,284 | 583,483 | 195,512 | 120,411 | 227,646 | |
41 |
679 | 23,579 | 67,037 | 23,235 | - | 423 | 3,127 | 10,554 | - | - | - | - | - | - | - | |
54/58 |
41,977 | 121,172 | 658,854 | 664,619 | 107,388 | 13,161 | 85,865 | 124,362 | 257,332 | 234,695 | 104,089 | 72,705 | 95,012 | 22,618 | 93,406 | |
490/1 |
4,184 | 4,271 | 5,216 | 3,421 | 9,423 | - | 293 | - | - | 4,089 | 5,755 | 3,786 | 3,096 | 3,782 | 502 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
1.2m | 1.2m | 1.1m | 1.2m | 1.2m | 1.0m | 926,783 | 1.0m | 1.2m | 898,200 | 590,171 | 685,351 | 305,960 | 165,250 | 337,793 | |
10/15 |
505,286 | 547,014 | 601,666 | 719,765 | 723,597 | 721,845 | 707,835 | 799,829 | 797,912 | 603,366 | 395,542 | 308,400 | 8,060 | 84,471 | 8,181 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
717,396 | 717,396 | 717,396 | 717,396 | 717,397 | 715,645 | 701,635 | 793,629 | 791,712 | 597,166 | 389,342 | 302,200 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
715,536 | 715,536 | 715,536 | 715,536 | 715,537 | 713,785 | 699,775 | 791,769 | 789,852 | 595,306 | 387,482 | 300,340 | - | - | - | |
14 |
-218,310 | -176,582 | -121,930 | -3,831 | - | - | - | - | - | - | - | - | - | 76,411 | 121 | |
17/49 |
683,433 | 618,947 | 490,678 | 521,375 | 467,601 | 326,601 | 218,948 | 224,389 | 428,425 | 294,834 | 194,629 | 376,951 | 297,900 | 80,779 | 329,612 | |
42/48 |
683,433 | 618,947 | 490,678 | 521,375 | 467,601 | 326,601 | 218,948 | 224,389 | 428,425 | 294,834 | 194,629 | 376,951 | 297,900 | 80,779 | 329,612 | |
43 |
2,997 | 2,974 | 4,130 | 3,055 | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
2,997 | 2,974 | 4,130 | 3,055 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
380,787 | 234,122 | 158,983 | 250,345 | 232,860 | 145,000 | 158,453 | 59,141 | 264,327 | 202,237 | 160,251 | 81,138 | 102,204 | 59,883 | 171,973 | |
440/4 |
380,787 | 234,122 | 158,983 | 250,345 | 232,860 | 145,000 | 158,453 | 59,141 | 264,327 | 202,237 | 160,251 | 81,138 | 102,204 | 59,883 | 171,973 | |
45 |
118,497 | 206,338 | 202,339 | 192,600 | 110,422 | 111,394 | 48,664 | 155,423 | 156,070 | 85,013 | 28,110 | 175,026 | 75,839 | 20,482 | 49,639 | |
450/3 |
55,487 | 68,979 | 62,708 | 88,781 | 83,382 | 97,678 | 30,217 | 135,000 | 149,232 | 64,754 | 19,725 | 161,669 | 71,563 | 19,682 | 46,338 | |
454/9 |
63,010 | 137,359 | 139,631 | 103,819 | 27,040 | 13,716 | 18,447 | 20,423 | 6,838 | 20,259 | 8,385 | 13,357 | 4,276 | 800 | 3,301 | |
47/48 |
181,152 | 175,513 | 125,226 | 75,375 | 124,319 | 70,207 | 11,831 | 9,825 | 8,028 | 7,584 | 6,268 | 120,787 | 119,857 | 414 | 108,000 | |
| Income statement | ||||||||||||||||
9900 |
845,829 | 1.0m | 863,804 | 819,283 | 614,475 | 617,308 | 396,226 | 427,111 | 627,740 | 606,938 | 404,594 | 690,201 | 438,750 | 290,995 | 297,315 | |
62 |
859,402 | 1.0m | 925,513 | 782,037 | 588,773 | 533,161 | 460,146 | 384,094 | 274,940 | 267,774 | 259,317 | 197,481 | 180,131 | 158,973 | 86,639 | |
630 |
22,283 | 27,824 | 32,960 | 33,406 | 30,106 | 17,035 | 13,738 | 16,712 | 12,208 | 14,601 | 16,154 | 16,664 | 11,201 | 9,719 | 5,804 | |
640/8 |
5,589 | 5,751 | 7,899 | 5,636 | 3,021 | 6,086 | 3,909 | 7,272 | 5,981 | 5,681 | 5,934 | 4,809 | 4,562 | 2,100 | 3,956 | |
66A |
- | - | - | - | 205 | 24,200 | 123 | 360 | 375 | 390 | 455 | 135 | - | - | - | |
9901 |
-41,445 | -47,090 | -102,568 | -1,796 | -7,425 | 61,026 | -81,567 | 19,033 | 334,611 | 318,882 | 123,189 | 471,247 | 242,856 | 120,203 | 200,916 | |
75/76B |
49 | 8,028 | 10 | 20 | 30 | 3 | - | 79 | 541 | 778 | 960 | 448 | 1,042 | 284 | 938 | |
75 |
49 | 35 | 10 | 20 | 30 | 3 | - | 79 | 541 | 778 | 960 | 448 | 1,042 | 284 | 938 | |
76B |
- | 7,993 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
332 | 1,814 | 2,262 | 2,055 | 2,255 | 26,920 | 3,399 | 2,183 | 815 | 1,329 | 1,999 | 137 | 64 | 163 | 170 | |
65 |
332 | 1,814 | 2,262 | 2,055 | 2,050 | 2,720 | 3,276 | 1,823 | 815 | 1,329 | 1,999 | 137 | 64 | 163 | 170 | |
66B |
- | - | - | - | 205 | 24,200 | 123 | 360 | - | - | - | - | - | - | - | |
9903 |
-41,728 | -40,876 | -104,820 | -3,831 | -9,650 | 34,109 | -84,966 | 16,929 | 333,962 | 317,941 | 121,695 | 471,423 | 243,834 | 120,324 | 201,684 | |
67/77 |
- | 13,776 | 13,279 | - | -11,402 | 20,099 | 7,028 | 15,012 | 139,416 | 110,117 | 34,553 | 171,083 | 84,576 | 44,034 | 72,644 | |
9904 |
-41,728 | -54,652 | -118,099 | -3,831 | 1,752 | 14,010 | -91,994 | 1,917 | 194,546 | 207,824 | 87,142 | 300,340 | 159,258 | 76,290 | 129,040 | |
9905 |
-41,728 | -54,652 | -118,099 | -3,831 | 1,752 | 14,010 | -91,994 | 1,917 | 194,546 | 207,824 | 87,142 | 300,340 | 159,258 | 76,290 | 129,040 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-218,310 | -176,582 | -121,930 | -3,831 | 1,752 | 14,010 | -91,994 | 1,917 | 194,546 | 207,824 | 87,142 | 300,340 | 235,669 | 76,411 | 129,040 | |
14P |
-176,582 | -121,930 | -3,831 | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | 91,994 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | 1,752 | 14,010 | - | 1,917 | 194,546 | 207,824 | 87,142 | 300,340 | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | - | 1,752 | 14,010 | - | 1,917 | 194,546 | 207,824 | 87,142 | 300,340 | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 235,669 | - | 127,059 | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 235,669 | - | 127,059 | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | - | - | - | - | 9.8 | 9.8 | 6.8 | 6.6 | 5 | 3.8 | 3 | 4 | 3 | |
Hours worked1013 |
- | - | - | - | - | - | 16,847 | 16,141 | 11,235 | 11,522 | 9,636 | 6,540 | 5,981 | 6,986 | 4,662 | |
| Document | ||||||||||||||||
The notes to these accounts have 7 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 2023 (PDF), filed on 26-09-2024.
2023 annual accounts filed 57 days after the deadline. Filed on 26 September 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00476160.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | micro format | 26-09-2024 | 2024-00476160 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00437619 | |
| 31-12-2021 | micro format | 25-10-2022 | 2022-20473219 | |
| 31-12-2020 | full format | 31-08-2021 | 2021-63200529 | |
| 31-12-2019 | full format | 28-08-2020 | 2020-47600208 | |
| 31-12-2018 | full format | 30-08-2019 | 2019-59900338 | |
| 31-12-2017 | full format | 29-08-2018 | 2018-54100538 | |
| 31-12-2016 | full format | 09-07-2017 | 2017-29500516 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-52700464 | |
| 31-12-2014 | full format | 27-08-2015 | 2015-49900181 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-49200153 | |
| 31-12-2012 | full format | 27-06-2013 | 2013-23100252 | |
| 31-12-2011 | full format | 23-07-2012 | 2012-32800456 | |
| 31-12-2010 | full format | 21-06-2011 | 2011-18900436 | |
| 31-12-2009 | full format | 24-06-2010 | 2010-21100169 |
| Line | Trend | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -19,162 | -19,266 | -69,608 | 31,610 | 22,681 | 78,061 | -67,829 | 35,745 | 346,819 | 333,483 | 139,343 | 487,911 | 254,057 | 129,922 | 206,720 | ||
| -19,445 | -26,828 | -85,139 | 29,575 | 31,858 | 31,045 | -78,256 | 18,629 | 206,754 | 222,425 | 103,296 | 317,004 | 170,459 | 86,009 | 134,844 | ||
| 7,843 | 11,295 | 24,934 | 26,203 | 67,368 | 38,711 | 9,674 | 20,887 | 13,709 | 5,526 | 9,820 | 29,701 | 5,102 | 12,014 | 22,043 | ||
| -79,195 | -537,682 | -5,765 | 557,231 | 94,227 | -72,704 | -38,497 | -132,970 | 22,637 | 130,606 | 31,384 | -22,307 | 72,394 | -70,788 | - | ||
| 481,751 | 509,039 | 546,377 | 656,450 | 653,079 | 688,589 | 696,255 | 784,185 | 786,443 | 593,398 | 376,499 | 283,023 | -4,280 | 66,032 | -8,058 | ||
| 42.5% | 46.9% | 55.1% | 58.0% | 60.7% | 68.8% | 76.4% | 78.1% | 65.1% | 67.2% | 67.0% | 45.0% | 2.6% | 51.1% | 2.4% | ||
| 1.70 | 1.82 | 2.11 | 2.26 | 2.40 | 3.11 | 4.18 | 4.49 | 2.84 | 3.01 | 2.93 | 1.75 | 0.99 | 1.82 | 0.98 | ||
| 0.51 | 0.78 | 1.95 | 2.26 | 2.40 | 3.11 | 4.18 | 4.49 | 2.84 | 3.01 | 2.93 | 1.75 | 0.99 | 1.82 | 0.98 | ||
| 1.35 | 1.13 | 0.82 | 0.72 | 0.65 | 0.45 | 0.31 | 0.28 | 0.54 | 0.49 | 0.49 | 1.22 | 36.96 | 0.96 | 40.29 | ||
| -8.3% | -10.0% | -19.6% | -0.5% | 0.2% | 1.9% | -13.0% | 0.2% | 24.4% | 34.4% | 22.0% | 97.4% | - | 90.3% | - | ||
| -3.5% | -4.7% | -10.8% | -0.3% | 0.1% | 1.3% | -9.9% | 0.2% | 15.9% | 23.1% | 14.8% | 43.8% | 52.1% | 46.2% | 38.2% | ||
| -57.72 | -10.62 | -30.77 | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Tangible fixed assets | €7,268 | €8,220 | €24,934 |
| Financial fixed assets | €575 | €3,075 | - |
| €22,283 | €27,824 | €32,960 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
The operating result for 2023 is a loss of €41,445, smaller than the loss of €47,090 in 2022.
Debt's share of the balance-sheet total rises from 53.1% to 57.5%. Equity is lower and debt is higher.
DIGITAL CODE has no parent and no holdings in its annual accounts. TEDESCO Frédéric is the only director. DIGITAL CODE shares no director with another company.
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 |
|---|---|---|
| Rue Florent Pirotte 76 registered office 4430 Ans | 01-07-2008 | 2.171.955.011 |
| Rue du Vieux-Mayeur 23 4000 Liège | 15-07-2015 | 2.243.693.439 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62332B0009/00R003 | 1,082 m² | 1 · 49 m² | 10.2 m · 3 |
| 62814C0088/00P005 | 358 m² | 1 · 135 m² | 19.2 m · 6 |
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