Equity
€22,867 ▲ 1.7%
icode paid out €45,000 in dividends. That is 99% of the 2025 profit.
icode
Lifetime
19 annual accounts with figures on one time axis, 25 filings since 2001peak €96,770 (2020)
€73,965▲ 4.9%
lowest -€14,007 (2009)
€45,375▲ 30.3%
peak €24,580 (2007)
€22,867▲ 1.7%
€56,509▲ 7.7%
Board2 names since 2000
2 directors and 1 other
Owners
99.73%
Documentsfilings and deeds
12-06-202649 days before the deadline
2025financial year
Result from €34,827 to €45,375Dividend €45,000
Key points
from the 2025 annual accountsDebts
€56,509 71% of the balance sheet
Suppliers 7%Taxes and wages 3%Other 90%
Position in the sector
€22,867
Less equity than 88% of companies in research and development. Sector median €3.6m · 120 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,820 companies had the same profile as icode has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.8%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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.
| 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 3,820 companies, not a prediction for icode. 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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Signals
Board and ownership
Director, since 29-11-2023
Director, since 29-11-2023
- 99.73%score equity €641,629 (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0469114665
Legal-form change · Resignations & appointments
General meeting of 29-11-2023 · Gazette deed
Amendment of the articles
General meeting of 14-06-2016 · Gazette deed
First establishment
Rue Saint-Martin 28, Walhain
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| icode Walhain | €79,376 | €73,965 | 28.8% | - |
| Dr. Van Haeringen Polygen Malle | €63,230 | €129,545 | 13.8% | - |
| Åtelier Salvesen Sint-Gillis (bij-Brussel) | €100,983 | €28,374 | 43.2% | - |
| HUMAN MATTERS Schelle | €150,451 | €33,697 | 89.9% | - |
| Fédération européenne des Ports intérieurs - Europese Vereniging van Binnenhavens Brussels | €166,256 | €31,405 | 72.6% | - |
| AMIANTO Aartselaar | €42,747 | €25,071 | 50.5% | - |
| BUREAU GEOTECHNIEK ENGINEERING Gingelom | €212,795 | €67,319 | 53.4% | - |
These companies have the same main activity as icode: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €42,700 and €213,000, founded between 1996 and 2003.
Official details
Source: KBO- Status
- Active since 31-12-1999Normal situation
- Activity
- Other research and development on natural sciencesNACE 72109and 3 others
- Establishment unit
- 2.093.647.5051457 Walhain, since 22-02-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 23-11-2025
Annual accounts 2025
- ≈ €220,000estimated
- €79,376▲ 5.9%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on icode
icode has existed since 1999. The gross margin grew from €3,624 in 2007 to €73,965 in 2025.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about icode
- What is the company number of icode?
- The company number of icode is 0469.114.665. The VAT number is the same number with BE in front: BE 0469.114.665.
- Where is icode based?
- The registered office is at Rue Saint-Martin 28, 1457 Walhain.Company details
- What does icode do?
- According to the KBO register, the main activity is other research and development on natural sciences (NACE 72109).
- What is the legal form of icode?
- icode is a private limited company (BV).
- When was icode founded?
- icode was founded on 31-12-1999.
- Is icode still active?
- Yes, icode is an active enterprise in the KBO register.
- What is the turnover of icode?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €73,965 and 988 comparable companies of the same size. It probably lies between €130,000 and €430,000. It is a rough estimate.Financials
- Is icode profitable?
- In financial year 2025, icode made a profit of €45,375.
- Where can I find the annual accounts of icode?
- icode filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of icode due?
- icode must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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