ECODER
ActiveECODER has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €52k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 16922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-8
Solvency78▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.02 in 2024), and 34.4% 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 · 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
Sector 62
lower
← 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 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
12.1%
Age of the figures
8 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 14-04-2026, 108 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
108 d early
2024
on the day
2023
on the day
2022
6 d early
2021
31 d late
2020
1 d early
2019
31 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€281k▼ 8.0%
2024 · €305k
2019: €114k
2020: €177k
2021: €254k
2022: €363k
2023: €394k
2024: €305k
2019 → 2025
Total assets
€428k▼ 19.4%
2024 · €531k
2019: €237k
2020: €436k
2021: €413k
2022: €428k
2023: €461k
2024: €531k
2019 → 2025
Net result
€52k▼ 61.9%
2024 · €136k
2019: €108k
2020: €62k
2021: €78k
2022: €97k
2023: €183k
2024: €136k
2019 → 2025
Working capital
€3k▼ 19.2%
2024 · €4k
2019: €65k
2020: €-7k
2021: €61k
2022: €93k
2023: €73k
2024: €4k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€363k▲ 43.0%€394k▲ 8.5%€305k▼ 22.7%€281k▼ 8.0%
Operating result€103k-€123k▲ 18.9%€248k▲ 102%€178k▼ 28.1%€70k▼ 60.8%
Net result€78k-€97k▲ 24.8%€183k▲ 88.6%€136k▼ 25.7%€52k▼ 61.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €428k
Fixed assets
€278k▼ 7.8%
Current assets
€150k▼ 34.6%
Equity and liabilities €428k
Equity
€281k▼ 8.0%
Debt
€147k▼ 34.8%
The debt ratio falls from 42.6% to 34.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€98k▼
2024 · €208k
Cash flow
€80k▼
2024 · €165k
Solvency
65.6%▲
2024 · 57.4%
Current ratio
1.02▲
2024 · 1.02
Quick ratio
1.00▼
2024 · 1.00
Debt / equity
0.53▼
2024 · 0.74
ROE
18.4%▼
2024 · 44.5%
ROA
12.1%▼
2024 · 25.5%
Interest coverage
16.53▼
2024 · 33.01
Debt
€147k▼
2024 · €226k
Debt ≤ 1 year
€147k▼
2024 · €226k
Income taxes
€14k▼
2024 · €39k
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€531k€428k▼
Fixed assets21/28€301k€278k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€301k€278k▼
Land and buildings22€249k€237k▼
Plant, machinery and equipment23€33k€25k▼
Furniture and vehicles24€19k€16k▼
Current assets29/58€230k€150k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€132k€32k▼
Trade receivables40€64k€29k▼
Other amounts receivable41€68k€3k▼
Cash at bank and in hand54/58€89k€84k▼
Deferred charges and accrued income490/1€6k€32k▲
Equity and liabilities
Total equity and liabilities10/49€531k€428k▼
Equity10/15€305k€281k▼
Contributions10/11€19k€19k=
Reserves13€286k€262k▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€285k€261k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€226k€147k▼
Amounts payable within one year42/48€226k€147k▼
Trade debts44€997€2k▲
Suppliers440/4€997€2k▲
Taxes, remuneration and social security45€34k€12k▼
Taxes450/3€34k€12k▼
Other amounts payable47/48€191k€134k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€28k▼
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€211k€101k▼
Operating profit (loss)9901€178k€70k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€175k€65k▼
Income taxes67/77€39k€14k▼
Profit (loss) for the period9904€136k€52k▼
Profit (loss) for the period to be appropriated9905€136k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€52k▼
Transfer from equity791/2€89k€24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€225k€76k▼
Return on contributions (dividend)694€225k€76k▼
The notes to these accounts (7 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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €52k ▼61.9%
Net result drops to €52k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €183k ▲88.6%
Operating result €248k, net result €183k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 11.41
Current ratio from 2.75 to 11.41; short-term debt falls from €35k to €9k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.75
Current ratio from 0.92 to 2.75; short-term debt falls from €90k to €35k.
31-12
Financial
Equity above €200kEq €254k ▲43.9%
3 profitable years in a row build equity to €254k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €177k ▲54.8%
2 profitable years in a row build equity to €177k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2019
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.
Streepbosstraat 129031 GentGround area
2,953 m²
Building footprint
204 m²
Volume, LiDAR
45 m³
Parcel 44017D1133/00D000, Flanders · tallest building 4.2 m. Linked by address, not a title deed.
1 establishment unit
ECODER
since 20192.286.492.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D1133/00D000 | Flanders | 2,953 m² | 1 · 204 m² | 4.2 m |
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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 855 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
JOGIJO
BE 0870.357.046
Beveren-Kruibeke-Zwijndrecht · Eq €281k
Pick-It
BE 0662.740.919
Leuven · Eq €281k
DataWoods
BE 0539.826.972
Gent · Eq €280k
FDC engineering
BE 0682.866.736
Anzegem · Eq €280k
SolucIT
BE 0717.668.455
Waregem · Eq €280k
Of 16,811 companies in sector 62100 we hold annual accounts for 8,749. 6,224 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.