Equity
€25,186 ▼ 68.7%
IGLU CODE paid out €93,736 in dividends. That is 245% of the 2025 profit.
IGLU CODE
Overview
Lifetime
4 annual accounts with figures on one time axispeak €54,504 (2025)
€54,504▲ 10.9%
peak €38,327 (2025)
€38,327▲ 10.0%
peak €80,596 (2024)
€25,186▼ 68.7%
€96,741▲ 878%
Board1 name since 2022
1 directorLLANERAS NADAL Josep Manuel
Documentsfilings and deeds
16-07-202615 days before the deadline
2025micro format
Dividend €93,736Equity from €80,596 to €25,186Debts from €9,892 to €96,741Cash from €76,972 to €111,215
Key points
from the 2025 annual accountsTurnover
≈ €130,000 estimated
The micro format states no turnover.
Debts
€96,741 79% of the balance sheet
Suppliers 0%Taxes and wages 3%Other 97%
Liquidity
1.18 was 7.90 in 2024
Short-term debts rose from €9,892 to €96,741.
Filings
4 annual accounts since 2022
The last four annual accounts were filed 15 to 76 days before the end of the period.
Starting capital
€6,000 100 shares
Checked score
92
Excellent
Financially stronger than 38% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Liquidity: current ratio 1.18, cash €111,215
Size: total assets €121,928
Figures for financial year 2025 (filed on 16-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 22% of them on solvency, 39% on liquidity, 82% on profitability and 10% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as IGLU CODE has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of IGLU CODE itself is lower: < 0.1% within 12 months. It rests on far more data about IGLU CODE than the profile alone.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 companies, not a prediction for IGLU CODE. 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
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.18 (7.9 in 2024), below the usual 1.5. Short-term debt is 79.3% and cash 91.2% of total assets. 79.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 21206 sector peers (2025).
NBB · sector comparisonPosition among 21206 sector peers
Solvency
better than 21%
← weakest
strongest →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 days early
2024
44 days early
2023
76 days early
2022
70 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 51 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BARGOIN Mathilde Françoise Marie-Hélène 50 sharesdeed of 20-04-2022
- LLANERAS NADAL Josep Manuel 50 sharesdeed of 20-04-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784884606
Incorporation
Founding capital of €6,000, 100 shares · Founders: BARGOIN Mathilde Françoise Marie-Hélène and LLANERAS NADAL Josep Manuel · Appointment: LLANERAS NADAL Josep Manuel (statutory director) · published on 20-04-2022 · Gazette deed
First establishment
Haanstraat 18, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| IGLU CODE Uccle | €121,928 | €54,504 | 20.7% | - |
| TIBSTAN CONSULTING Uccle | €120,580 | €54,968 | 31.5% | - |
| KBA IT Uccle | €125,543 | €54,517 | 13.0% | - |
| Quasar Solutions Ixelles | €122,880 | €65,076 | 82.8% | - |
| DATA WAVES SERVICES Jette | €115,263 | €56,728 | 94.5% | - |
| BIBIT.BE Etterbeek | €108,138 | €64,442 | 77.0% | - |
| SCR Etterbeek | €145,157 | €53,913 | 88.4% | - |
These companies have the same main activity as IGLU CODE: computer programming (NACE 62100). They are comparable in size and age: total assets between €108,000 and €145,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 15-04-2022Normal situation
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.330.428.6611180 Uccle, since 15-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 01-06-2026
Annual accounts 2025
- €54,504▲ 10.9%
- €38,327▲ 10.0%
- €25,186▼ 68.7%
- €121,928▲ 34.7%
- Filing
- Filed on 16-07-2026, 15 days before the end of the filing period
Insights on IGLU CODE
IGLU CODE files the micro format. That format states no turnover. The gross margin rose from €30,253 in 2022 to €54,504 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 16-07-2026, 15 days before the deadline€54,504
▲ 10.9%
€48,761
▲ 10.8%
€38,327
▲ 10.0%
€17,690
▼ 74.1%
20.7%
▼ 68.4 percentage points
1.18
▼ 6.72
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 ≈ €130,000. Estimated: probably between €110,000 and €160,000.
Balance sheet
balance sheet total €121,928 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
20.7%
Higher than 21% of 21,206 companies in 2025.
1.18
Higher than 24% of 20,569 companies in 2025.
31.4%
Higher than 69% of 20,744 companies in 2025.
IGLU CODE
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
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 | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
121,928 | 90,488 | 57,404 | 47,588 | |
20 |
279 | 496 | 714 | 931 | |
21/28 |
7,218 | 11,850 | 16,483 | 21,116 | |
22/27 |
6,918 | 11,550 | 16,183 | 20,816 | |
24 |
6,918 | 11,550 | 16,183 | 20,816 | |
28 |
300 | 300 | 300 | 300 | |
29/58 |
114,431 | 78,141 | 40,207 | 25,541 | |
40/41 |
2,423 | 484 | 479 | 455 | |
41 |
2,423 | 484 | 479 | 455 | |
54/58 |
111,215 | 76,972 | 39,085 | 25,086 | |
490/1 |
794 | 685 | 643 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
121,928 | 90,488 | 57,404 | 47,588 | |
10/15 |
25,186 | 80,596 | 46,587 | 27,401 | |
10/11 |
6,000 | 6,000 | 6,000 | 6,000 | |
13 |
19,186 | 74,596 | 40,587 | 21,401 | |
133 |
19,186 | 74,596 | 40,587 | 21,401 | |
17/49 |
96,741 | 9,892 | 10,817 | 20,187 | |
42/48 |
96,741 | 9,892 | 10,817 | 20,187 | |
44 |
43 | - | 190 | 1,438 | |
440/4 |
43 | - | 190 | 1,438 | |
45 |
2,962 | 9,051 | 7,672 | 5,795 | |
450/3 |
- | 9,051 | 7,672 | 5,795 | |
454/9 |
2,962 | - | - | - | |
47/48 |
93,736 | 841 | 2,956 | 12,954 | |
| Income statement | |||||
9900 |
54,504 | 49,167 | 31,962 | 30,253 | |
630 |
4,850 | 4,850 | 4,850 | 2,504 | |
640/8 |
893 | 295 | 285 | 542 | |
9901 |
48,761 | 44,022 | 26,827 | 27,207 | |
75/76B |
- | - | 41 | - | |
75 |
- | - | 41 | - | |
65/66B |
304 | 129 | 10 | 22 | |
65 |
304 | 129 | 10 | 22 | |
9903 |
48,457 | 43,893 | 26,858 | 27,184 | |
67/77 |
10,130 | 9,051 | 7,672 | 5,783 | |
9904 |
38,327 | 34,842 | 19,186 | 21,401 | |
9905 |
38,327 | 34,842 | 19,186 | 21,401 | |
| Appropriation of the result | |||||
9906 |
38,327 | 34,842 | 19,186 | 21,401 | |
791/2 |
55,410 | - | - | - | |
691/2 |
- | 34,009 | 19,186 | 21,401 | |
6921 |
- | 34,009 | 19,186 | 21,401 | |
694/7 |
93,736 | 833 | - | - | |
694 |
93,736 | 833 | - | - | |
| Document | |||||
The notes to these accounts have 5 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 16-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 53,611 | 48,872 | 31,677 | 29,711 | ||
| 43,177 | 39,692 | 24,036 | 23,905 | ||
| 217 | 217 | 217 | 23,464 | ||
| 34,242 | 37,888 | 13,998 | - | ||
| 17,690 | 68,249 | 29,390 | 5,354 | ||
| 20.7% | 89.1% | 81.2% | 57.6% | ||
| 1.18 | 7.90 | 3.72 | 1.27 | ||
| 3.84 | 0.12 | 0.23 | 0.74 | ||
| 152.2% | 43.2% | 41.2% | 78.1% | ||
| 31.4% | 38.5% | 33.4% | 45.0% | ||
| over 100 | over 100 | over 100 | over 100 |
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| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €23,164 |
| Financial fixed assets | - | - | - | €300 |
| €4,850 | €4,850 | €4,850 | €2,504 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on IGLU CODE
The operating result for 2025 is 11% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total rises from 10.9% to 79.3%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationStatutory director
since 14-04-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 16-07-2026
Mandates through the years
1 name, the dashed line is todayLLANERAS NADAL Josep Manuel
Statutory director
Statutory director
Board
Mandates as a list
- LLANERAS NADAL Josep Manuel
- Statutory director, from 14-04-2022 to date
Control
Founders
BARGOIN Mathilde Françoise Marie-Hélène, LLANERAS NADAL Josep Manuel
This company
IGLU CODE
Equity €25,186
Profit €38,327 in 2025
Capital
- Contribution
- €6,000
- Shares
- 100
- Contribution per share
- €60
- Equity per share
- €252 in 2025
- Source
- deed of 20-04-2022
Articles of association
deed of 20-04-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- 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 20-04-2022 ↗
- BARGOIN Mathilde Françoise Marie-Hélène 50 shares (50%) · €3,000
- LLANERAS NADAL Josep Manuel 50 shares (50%) · €3,000
Network & group
No group
IGLU CODE has no parent and no holdings in its annual accounts. LLANERAS NADAL Josep Manuel is the only director. IGLU CODE shares no director with another company.
At the same address
Haanstraat 18, 1180 Uccle · 1 other company| Goodchild, Christopher (sole trader)
establishment since 01-11-2018 |
founded in 2018 0712.842.706 |
Timeline
Timeline
10 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 15 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0784884606
2025
Highest result from 2022 to 2025 net €38,327 ▲10% The operating result of €48,761 and the net result of €38,327 are both a record.
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
2024
Liquidity more than doubled current ratio 7.90 The current ratio rises from 3.72 to 7.90. Short-term debt falls from €10,817 to €9,892.
Annual accounts 2023 filed PDFmicro format · 76 days before the deadline
2023
Liquidity more than doubled current ratio 3.72 The current ratio rises from 1.27 to 3.72. Short-term debt falls from €20,187 to €10,817.
Annual accounts 2022 filed PDFmicro format · 70 days before the deadline
2022
IncorporationFounding capital of €6,000, 100 shares · Founders: BARGOIN Mathilde Françoise Marie-Hélène and LLANERAS NADAL Josep Manuel · Appointment: LLANERAS NADAL Josep Manuel (statutory director) · published on 20-04-20225 points ▸
- Director appointment, LLANERAS NADAL Josep Manuel (statutory director)
- Registered office clause, Rue du Coq 18 boîte 4, 1180 Uccle
- Founder, BARGOIN Mathilde Françoise Marie-Hélène
- Founder, LLANERAS NADAL Josep Manuel
- Founding capital, €6,000, 100 shares
- The deed holds 7 more points.
First establishment Haanstraat 18, Uccle
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
IGLU CODE was incorporated on 15 April 2022 as a private limited company by two natural persons, with a starting capital of €6,000.12 Since 2022, LLANERAS NADAL Josep Manuel has served as statutory director.3 Total assets rose from €47,588 in 2022 to €121,928 in 2025.4
Company details
Identity
- Enterprise number
- 0784.884.606
- VAT number
- BE 0784.884.606
- Peppol ID
- 0208:0784884606
- Other Peppol ID
- 9925:BE0784884606
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 15-04-2022
- Financial year
- ends on 31 December
- Website
- www.iglucode.com
- Peppol
- Reachable since 01-06-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- IGLU CODE in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-04-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 20-04-2022 (in French)
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62090
Computer programming, consultancy and related activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La conduite et le développement de projets informatiques et technologiques; Le conseil et consultance en informatique (logiciel et…”deed of 20-04-2022 (in French)
11 activities
- La conduite et le développement de projets informatiques et technologiques
- Le conseil et consultance en informatique (logiciel et matériel)
- La conception,le développement,la fourniture,le service après-vente de tous logiciels au sens large
- La conception,la configuration,l’installation,l’achat,la vente,l’importation,l’exportation,la fourniture,la location,le leasing,l’entretien,la maintenance et le service après-vente de matériels et installations électroniques au sens large
- L’accueil de projets e-commerce ayant pour caractéristique de développer des projets internet « propres »
- La vente et prestation de services en ligne,au sens large,aux particuliers et aux entreprises
- La conception,la configuration,l'installation et la maintenance de tous réseaux informatiques ou de télécommunication
- L’organisation et la réalisation de formations,séminaires,conférences dans le domaine de l’informatique,technologie et des sciences exactes
- La création,la modification,la gestion et la commercialisation de bases de données pour son compte ou pour le compte de tiers
- Le traitement de données,hébergement et activités connexes,conception,réalisation et exploitation de portails internet ; hosting de website,de serveur,d’adresse e-mail
- Tous travaux de recherche en matière de technologies de pointe,ainsi que leur exploitation et diffusion,par quelque moyen que ce soit
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Haanstraat 18 registered office 1180 Uccle | 15-04-2022 | 2.330.428.661 |
Buildings and parcels at the address
- Ground area
- 305 m²
- Buildings
- 162 m²
- Volume, LiDAR
- 1,449 m³
- Tallest building
- 11.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21614E0134/00S008 | 305 m² | 1 · 162 m² | 11.8 m · 3 |