Equity
€142,035 ▲ 75.6%
Equity rose in 2025 from €80,886 to €142,035.
KeDa Code
Overview
Lifetime
3 annual accounts with figures on one time axispeak €88,499 (2025)
€88,499▲ 1.1%
peak €61,149 (2025)
€61,149▲ 14.1%
peak €142,035 (2025)
€142,035▲ 75.6%
€39,363▼ 24.1%
Board1 name since 2023
1 directorKERKHOFS Daan
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Equity from €80,886 to €142,035Debts from €51,892 to €39,363Cash from €31,572 to €102,379
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 85% 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%▲ +0.1 percentage points 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%▼ -0.1 percentage points 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 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
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%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 5.48, cash €102,379
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €142,035 (78.3% of total assets)
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 85% of them on solvency, 87% on liquidity, 82% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 39,278 companies had the same profile as KeDa Code 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
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KeDa Code itself is lower: 0.1% within 12 months. It rests on far more data about KeDa 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 39,278 companies, not a prediction for KeDa 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 €13,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.48 (3.49 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 56.4% of total assets. 21.7% 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
Five signals.
lowers riskraises riskneutral
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 02-06-2026, 59 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
59 days early
2024
59 days early
2023
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 59 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 2 June (3 of the last 3 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
Recent changes
Registered office moved from Leuven to Waanrode
New registered office: Oude Diestsestraat 11A, 3473 Waanrode · Previous registered office: Schmaesveldstraat 2/102, 3012 Leuven · Gazette deed
First establishment
Oude Diestsestraat 11, Kortenaken
Incorporation
Founding capital of €5,000, 50 shares · Founder: KERKHOFS Daan · Appointment: KERKHOFS Daan (director) · published on 23-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KeDa Code Kortenaken | €181,399 | €88,499 | 78.3% | - |
| INFRAMASTERS Leuven | €168,836 | €85,491 | 84.7% | - |
| Surarena Asse | €175,284 | €80,341 | 78.4% | - |
| ADAMAT Kampenhout | €200,300 | €86,001 | 73.3% | - |
| Time Savior Machelen (Brab.) | €192,354 | €78,567 | 86.4% | - |
| MAYO SOFTWARE Tervuren | €179,060 | €76,910 | 72.8% | - |
| Ulixes Consulting Dilbeek | €196,267 | €77,973 | 6.0% | - |
These companies have the same main activity as KeDa Code: computer programming (NACE 62100). They are comparable in size and age: total assets between €169,000 and €200,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 21-06-2023Normal situation
- Activity
- Computer programmingNACE 62100and 2 others
- Establishment unit
- 2.346.597.5713473 Kortenaken, since 01-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €88,499▲ 1.1%
- €61,149▲ 14.1%
- €142,035▲ 75.6%
- €181,399▲ 36.6%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on KeDa Code
KeDa Code files the micro format. That format states no turnover. The gross margin rose from €37,172 in 2023 to €88,499 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 02-06-2026, 59 days before the deadline€88,499
▲ 1.1%
€76,753
▲ 0.2%
€61,149
▲ 14.1%
€124,347
▲ 88.9%
78.3%
▲ 17.4 percentage points
5.48
▲ 1.99
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 ≈ €210,000. Estimated: probably between €170,000 and €260,000.
Balance sheet
balance sheet total €181,399 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
78.3%
Higher than 72% of 21,206 companies in 2025.
5.48
Higher than 77% of 20,569 companies in 2025.
33.7%
Higher than 72% of 20,744 companies in 2025.
KeDa Code
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
181,399 | 132,779 | 91,994 | |
21/28 |
29,318 | 40,545 | 47,131 | |
22/27 |
29,318 | 40,545 | 47,131 | |
24 |
29,318 | 40,545 | 47,131 | |
29/58 |
152,081 | 92,234 | 44,862 | |
40/41 |
15,206 | 9,649 | 12,524 | |
40 |
11,350 | 9,649 | 12,524 | |
41 |
3,856 | - | - | |
50/53 |
32,749 | 49,375 | - | |
54/58 |
102,379 | 31,572 | 30,292 | |
490/1 |
1,747 | 1,638 | 2,047 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
181,399 | 132,779 | 91,994 | |
10/15 |
142,035 | 80,886 | 27,317 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
137,035 | 75,886 | 22,317 | |
133 |
137,035 | 75,886 | 22,317 | |
17/49 |
39,363 | 51,892 | 64,677 | |
17 |
8,320 | 22,008 | 35,002 | |
170/4 |
8,320 | 22,008 | 35,002 | |
42/48 |
27,733 | 26,414 | 26,311 | |
42 |
13,688 | 12,993 | 12,327 | |
44 |
147 | 220 | 263 | |
440/4 |
147 | 220 | 263 | |
45 |
12,345 | 12,246 | 13,367 | |
450/3 |
12,345 | 12,246 | 13,367 | |
47/48 |
1,554 | 954 | 354 | |
492/3 |
3,309 | 3,470 | 3,364 | |
| Income statement | ||||
76A |
3,027 | 1,000 | - | |
9900 |
88,499 | 87,498 | 37,172 | |
630 |
11,227 | 10,685 | 4,904 | |
635/8 |
326 | - | - | |
640/8 |
193 | 216 | 98 | |
9901 |
76,753 | 76,598 | 32,171 | |
75/76B |
3,020 | - | - | |
75 |
3,020 | - | - | |
65/66B |
1,574 | 2,239 | 1,221 | |
65 |
1,574 | 2,239 | 1,221 | |
9903 |
78,199 | 74,359 | 30,950 | |
67/77 |
17,050 | 20,790 | 8,632 | |
9904 |
61,149 | 53,569 | 22,317 | |
9905 |
61,149 | 53,569 | 22,317 | |
| Appropriation of the result | ||||
9906 |
61,149 | 53,569 | 22,317 | |
691/2 |
61,149 | 53,569 | 22,317 | |
6921 |
61,149 | 53,569 | 22,317 | |
| 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 filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 02-06-2026.
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 |
|---|---|---|---|---|
| 87,980 | 87,283 | 37,075 | ||
| 72,376 | 64,254 | 27,221 | ||
| 0 | 4,098 | 52,035 | ||
| 70,807 | 1,280 | - | ||
| 124,347 | 65,820 | 18,551 | ||
| 78.3% | 60.9% | 29.7% | ||
| 5.48 | 3.49 | 1.71 | ||
| 0.28 | 0.64 | 2.37 | ||
| 43.1% | 66.2% | 81.7% | ||
| 33.7% | 40.3% | 24.3% | ||
| 55.88 | 38.99 | 30.36 |
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 |
|---|---|---|---|
| Tangible fixed assets | - | €4,098 | €52,035 |
| €11,227 | €10,685 | €4,904 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on KeDa Code
The operating result for 2025 is 0% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 39.1% to 21.7%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 23-06-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 02-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 23-06-2023
Mandates through the years
1 name, the dashed line is todayKERKHOFS Daan
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- KERKHOFS Daan
- Director (not named in the articles), from 21-06-2023 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 50
- Contribution per share
- €100
- Equity per share
- €2,841 in 2025
- Source
- deed of 23-06-2023
Articles of association
deed of 23-06-2023 (in Dutch)- 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.
- “Titel V - Algemene vergadering Artikel 17. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”
Shareholders
At incorporation
deed of 23-06-2023 ↗
- KERKHOFS Daan 50 shares (100%) · €5,000 in cash
Network & group
No group
KeDa Code has no parent and no holdings in its annual accounts. KERKHOFS Daan is the only director. KeDa Code shares no director with another company.
At the same address
Oude Diestsestraat 11, 3473 Kortenaken · 2 other companies| TOKKA-VANDIJCK
registered office since 03-12-2008 · founded in 2008 |
total assets €478,397 (2025) 0807.913.790 |
| W.T.C. Wanroy
registered office since 26-03-1992 |
founded in 1992 0451.093.649 |
Timeline
Timeline
9 events since 2023Filings
Financial
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 59 days before the deadline
Registered office moved from Leuven to WaanrodeNew registered office: Oude Diestsestraat 11A, 3473 Waanrode · Previous registered office: Schmaesveldstraat 2/102, 3012 Leuven1 point ▸
- Registered-office move, Oude Diestsestraat 11A, 3473 Waanrode
- The deed holds 1 more point.
2025
Highest result from 2023 to 2025 net €61,149 ▲14.1% The operating result of €76,753 and the net result of €61,149 are both a record.
Equity above €100,000 equity €142,035 ▲75.6% With a profit in every financial year since 2023, equity grows to €142,035.
Annual accounts 2024 filed PDFmicro format · 59 days before the deadline
2024
Liquidity doubles current ratio 3.49 The current ratio rises from 1.71 to 3.49.
Annual accounts 2023 filed PDFmicro format · 58 days before the deadline
2023
First establishment Oude Diestsestraat 11, Kortenaken
IncorporationFounding capital of €5,000, 50 shares · Founder: KERKHOFS Daan · Appointment: KERKHOFS Daan (director) · published on 23-06-20236 points ▸
- Founder, KERKHOFS Daan
- Founding capital, €5,000, 50 shares
- 50 shares
- Registered office clause, Smaesveldstraat 2/0102, 3012 Leuven
- Director appointment, KERKHOFS Daan (director (not named in the articles))
- Power of attorney, Accounting & Tax Partners NV
- The deed holds 5 more points.
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
On 21 June 2023, KeDa Code was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2026 the registered office moved to Waanrode.3 KERKHOFS Daan is director of the company, appointed by deed of 23-06-2023.2 Total assets went from €91,994 in 2023 to €181,399 in 2025.4
Company details
Identity
- Enterprise number
- 0802.981.341
- VAT number
- BE 0802.981.341
- Peppol ID
- 0208:0802981341
- Other Peppol ID
- 9925:BE0802981341
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 21-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- “Titel V - Algemene vergadering Artikel 17. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…”deed of 23-06-2023 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KeDa Code in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-06-2023 (in Dutch)
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
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Oude Diestsestraat 11 registered office 3473 Kortenaken | 01-07-2023 | 2.346.597.571 |
1 former office
- Schmaesveldstraat 2/102, 3012 Leuven until 01-04-2026 · deed of 12-05-2026
Buildings and parcels at the address
- Ground area
- 952 m²
- Buildings
- 191 m²
- Volume, LiDAR
- 909 m³
- Tallest building
- 7.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24115A0383/00N000 | 952 m² | 1 · 191 m² | 7.1 m · 2 |