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EXCODE

Active Private limited companyfounded 2024active for 2 yearsRue Caquette 5, 4470 Saint-Georges-sur-MeuseKBO/BCE: BE 1007.260.569
EXCODE
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Overview

Lifetime

2 annual accounts with figures on one time axis
peak €89,356 (2025)
€89,356▲ 28.4%
peak €28,405 (2024)
€21,030▼ 26.0%
peak €51,652 (2025)
€51,652▲ 60.6%
€72,177▲ 90.5%
Board1 name since 2024
1 director
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €69,602 to €89,356Result from €28,405 to €21,030Equity from €32,168 to €51,652Debts from €37,888 to €72,177Investments €35,251

Key points

from the 2025 annual accounts

Turnover

≈ €180,000 estimated

The micro format states no turnover.

Investments

€35,251 3.2 × depreciation
20242025

Green is investment, beige is depreciation.

2025 accounts filed 30 days after the deadline

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 39,274 companies had the same profile as EXCODE has now. Each dot stands for 99 companies, two years later.

95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,331 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2.9% 3.1%
10 5.6% 6.1%

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 39,274 companies, not a prediction for EXCODE. 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

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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

Board and ownership

Director
  • 100 sharesdeed of 20-03-2024
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1007260569
Incorporation Founding capital of €5,000, 100 shares · Founder: (comparant) · Appointment: (director) · published on 20-03-2024 · Gazette deed
First establishment Rue Caquette 5, Saint-Georges-sur-Meuse
All 5 events

Comparable companies

same main activity, similar in size and age
Company
EXCODE Saint-Georges-sur-Meuse €123,829 €89,356 41.7% -
SAE FIDUCIAIRE Liège €118,504 €98,309 55.8% -
MS Accountancy Wingene €128,950 €85,720 79.9% -
Betsy Verriest Woluwe-Saint-Pierre €131,640 €86,881 63.7% -
ADM Solutions Diest €139,936 €74,752 16.6% -
Do Me A Favour Menen €119,561 €70,395 68.2% -
SK TAX & CONSULT Etterbeek €99,584 €91,859 59.1% -

These companies have the same main activity as EXCODE: other tax advisory services (NACE 69209). They are comparable in size and age: total assets between €99,600 and €140,000, founded in 2024.

Official details

Source: KBO
Status
Active since 18-03-2024Normal situation
Activity
Other tax advisory servicesNACE 69209
Establishment unit
2.358.115.1344470 Saint-Georges-sur-Meuse, since 18-03-2024
Financial year end
31 December
Peppol
Reachable since 14-05-2025
Company details

Annual accounts 2025

€89,356▲ 28.4%
€21,030▼ 26.0%
€51,652▲ 60.6%
€123,829▲ 76.8%
Filing
Filed on 30-08-2026
Financials

Insights on EXCODE

EXCODE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,652 and a net result of €21,030.

Its solvency ranks better than 36% of 16,409 sector peers (NACE 69, financial year 2025).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-08-2026, 30 days late
€89,356
▲ 28.4%
€29,908
▼ 21.1%
€21,030
▼ 26.0%
€36,559
▲ 46.6%
41.7%
▼ 4.2 percentage points
1.67
▼ 0.01

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 ≈ €180,000. Estimated: probably between €140,000 and €250,000.

Balance sheet

balance sheet total €123,829 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

41.7%

Higher than 36% of 16,409 companies in 2025.

1.67

Higher than 39% of 16,149 companies in 2025.

17.0%

Higher than 48% of 16,286 companies in 2025.

EXCODE Middle half of the sector 80% of the sector Micro accounts in legal and accounting (NACE 69)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 123,82970,056
21/28 32,8938,779
21 02,017
22/27 32,8936,762
24 3,026125
25 27,901-
26 1,9666,637
29/58 90,93661,277
40/41 60,36438,620
40 50,97438,620
41 9,390-
54/58 24,06422,658
490/1 6,508-
Balance sheet: equity and liabilities
10/49 123,82970,056
10/15 51,65232,168
10/11 5,0005,000
14 46,65227,168
17/49 72,17737,888
17 17,800-
170/4 17,800-
42/48 54,37736,341
42 4,9535,182
44 9,838413
440/4 9,838413
45 38,03919,922
450/3 28,26516,704
454/9 9,7743,218
47/48 1,54610,824
492/3 01,547
Income statement
9900 89,35669,602
62 42,50014,915
630 11,13714,513
640/8 5,8112,277
9901 29,90837,897
75/76B 5415
75 5415
65/66B 946852
65 946852
9903 29,01637,060
67/77 7,9878,655
9904 21,03028,405
9905 21,03028,405
Appropriation of the result
9906 48,19828,405
14P 27,168-
694/7 1,5461,237
696 1,5461,237
Document PDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00455220.

Financial year Type Filed Reference Document
31-12-2025 micro format 30-08-2026 2026-00455220 PDF
31-12-2024 micro format 04-06-2025 2025-00117913 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
41,04552,410
32,16642,918
35,25123,292
1,406-
36,55924,937
41.7%45.9%
1.671.69
1.401.18
40.7%88.3%
17.0%40.5%
43.4061.55

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
Item20252024
Tangible fixed assets€35,251€11,192
Intangible fixed assets-€12,100
€11,137€14,513

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on EXCODE

The operating result for 2025 is 21% lower than in 2024.

Debt's share of the balance-sheet total rises from 54.1% to 58.3%. Equity and debt are higher.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 20-03-2024 term without a fixed end
listed in the 2025 annual accounts, filed on 30-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“ARTICLE TREIZE - Pouvoir de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui…”
deed of 20-03-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
Board
Mandates as a list
    • Director (not named in the articles), appointed by deed of 20-03-2024, still in office

See the board, name and registered office on a given date →

Control

Founder
This company
EXCODE
Equity €51,652
Profit €21,030 in 2025

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
€517 in 2025
Source
deed of 20-03-2024

Articles of association

deed of 20-03-2024 (in French)
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.
2 June at 18:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 20-03-2024 ↗
  • 100 shares (100%) · in cash

Network & group

No group

EXCODE has no parent and no holdings in its annual accounts. is the only director. EXCODE shares no director with another company.

Timeline

Timeline

5 events since 2024

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 30 days late
2025
Annual accounts 2024 filed PDFmicro format · 57 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:1007260569
2024
IncorporationFounding capital of €5,000, 100 shares · Founder: (comparant) · Appointment: (director) · published on 20-03-20245 points ▸
  • Registered office clause, 4470 Saint-Georges-sur-Meuse rue Caquette 5
  • Board rule, 1
  • Director appointment, (director (not named in the articles))
  • Founder, (comparant)
  • Founding capital, €5,000, 100 shares
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

First establishment Rue Caquette 5, Saint-Georges-sur-Meuse

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 18 March 2024, EXCODE was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 is director of the company, appointed by deed of 20-03-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-03-2024
  3. 3National Bank, annual accounts 2025

Company details

Identity

Enterprise number
1007.260.569
VAT number
BE 1007.260.569
Peppol ID
0208:1007260569
Other Peppol ID
9925:BE1007260569
Legal form
Private limited company
Status
Active, normal situation
Founded
18-03-2024
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
2 June at 18:00
deed of 20-03-2024 (in French)
Peppol
Reachable since 14-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
EXCODE in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 20-03-2024 (in French)

Activities

NACEBEL 2025
VAT activities
69209 Other tax advisory services main activity
Social security (RSZ) activities
69209 Other tax advisory services main activity
Codes under NACEBEL 2008
VAT activities
69201 Accountants main activity
Social security (RSZ) activities
69201 Accountants main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“L'organisation de la comptabilité et des services comptables et les activités de conseil en matière d'organisation comptable des…”
12 activities
  1. L'organisation de la comptabilité et des services comptables et les activités de conseil en matière d'organisation comptable des entreprises ;
  2. La détermination des résultats et l’établissement des comptes annuels conformément aux dispositions légales en la matière ;
  3. L'ouverture,la tenue,la centralisation et la clôture des écritures comptables propres à l’établissement des comptes ;
  4. La vérification et le redressement de tous les documents comptables qui ne conduisent pas à une attestation ou un rapport d'expertise destinés à être remis à des tiers ;
  5. L’analyse par des procédés de la technique comptable de la situation et du fonctionnement des entreprises du point de vue de leur crédit,de leur rendement et de leurs risques qui ne conduit pas à une attestation ou un rapport d'expertise destinés à être remis à des tiers ;
  6. L'expertise,tant privée que judiciaire,dans le domaine de la comptabilité des entreprises ;
  7. Toute mission visée aux 4° à 6° exercée par un expert-comptable certifié autre que le professionnel habituel qui conduit à une attestation ou un rapport d'expertise destinés à être remis à des tiers ;
  8. Les autres missions dont l'accomplissement est réservé par la loi ou en vertu de la loi à l'expert-comptable certifié ;
  9. La délivrance d'avis se rapportant à toutes matières fiscales ;
  10. L'assistance du contribuable dans l'accomplissement de ses obligations fiscales ;
  11. La représentation du contribuable auprès de l'administration fiscale ;
  12. L'organisation des services administratifs et le conseil sur l'organisation administrative des entreprises.
deed of 20-03-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Caquette 5 registered office 4470 Saint-Georges-sur-Meuse 18-03-2024 2.358.115.134

Location

registered office establishment approximate The establishment unit on the map

Contact

E-mail hello@excode.be

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