KODE PUBLISHING & SERVICES
ActiveSummary
KODE PUBLISHING & SERVICES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171k and a net result of €19k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 45% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-21
Solvency70▼-15
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 4.01 in 2024; short-term debt: 36.7% and cash: 46.5% of total assets), but 55.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
44.7%
Return on assets
5.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
17 d late
2024
38 d early
2023
37 d early
2022
39 d early
2021
39 d early
2020
39 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€171k▼ 15.1%
2024 · €202k
2018: €43klowest in 8 years
2019: €102k▲ +135% vs 2018
2020: €125k▲ +22.0% vs 2019
2021: €117k▼ -5.9% vs 2020
2022: €173k▲ +47.2% vs 2021
2023: €163k▼ -5.3% vs 2022
2024: €202k▲ +23.5% vs 2023highest in 8 years
2025: €171k▼ -15.1% vs 2024
2018 → 2025
Total assets
€384k▲ 13.4%
2024 · €338k
2018: €226klowest in 8 years
2019: €240k▲ +6.3% vs 2018
2020: €236k▼ -1.6% vs 2019
2021: €241k▲ +1.9% vs 2020
2022: €299k▲ +24.0% vs 2021
2023: €306k▲ +2.5% vs 2022
2024: €338k▲ +10.4% vs 2023
2025: €384k▲ +13.4% vs 2024highest in 8 years
2018 → 2025
Net result
€19k▼ 73.6%
2024 · €74k
2018: €34k
2019: €59k▲ +72.4% vs 2018
2020: €23k▼ -61.6% vs 2019
2021: €17k▼ -26.3% vs 2020lowest in 8 years
2022: €80k▲ +384% vs 2021highest in 8 years
2023: €29k▼ -63.9% vs 2022
2024: €74k▲ +155% vs 2023
2025: €19k▼ -73.6% vs 2024
2018 → 2025
Working capital
€235k▼ 6.9%
2024 · €252k
2018: €138klowest in 8 years
2019: €160k▲ +15.4% vs 2018
2020: €160k▲ +0.5% vs 2019
2021: €163k▲ +1.6% vs 2020
2022: €196k▲ +20.6% vs 2021
2023: €201k▲ +2.4% vs 2022
2024: €252k▲ +25.5% vs 2023highest in 8 years
2025: €235k▼ -6.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€117k-€173k▲ 47.2%€163k▼ 5.3%€202k▲ 23.5%€171k▼ 15.1%
2021: €117klowest in 5 years
2022: €173k▲ +47.2% vs 2021
2023: €163k▼ -5.3% vs 2022
2024: €202k▲ +23.5% vs 2023highest in 5 years
2025: €171k▼ -15.1% vs 2024
Operating result€18k-€108k▲ 498%€42k▼ 60.9%€100k▲ 135%€27k▼ 72.9%
2021: €18klowest in 5 years
2022: €108k▲ +498% vs 2021highest in 5 years
2023: €42k▼ -60.9% vs 2022
2024: €100k▲ +135% vs 2023
2025: €27k▼ -72.9% vs 2024
Net result€17k-€80k▲ 384%€29k▼ 63.9%€74k▲ 155%€19k▼ 73.6%
2021: €17klowest in 5 years
2022: €80k▲ +384% vs 2021highest in 5 years
2023: €29k▼ -63.9% vs 2022
2024: €74k▲ +155% vs 2023
2025: €19k▼ -73.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €384k
Fixed assets
€8k ▲ 293%
Current assets
€376k ▲ 11.8%
Equity and liabilities €384k
Equity
€171k ▼ 15.1%
Debt
€212k ▲ 55.7%
Debt's share of the balance-sheet total rises from 40.3% to 55.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28k▼
2024 · €100k
Cash flow
€21k▼
2024 · €74k
Current ratio
2.67▼
2024 · 4.01
Debt to equity
1.24▲
2024 · 0.68
ROE
11.4%▼
2024 · 36.5%
ROA
5.1%▼
2024 · 21.8%
Interest coverage
44.96▼
2024 · 260.32
Debt ≤ 1 year
€141k▲
2024 · €84k
Income taxes
€7k▼
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€338k€384k▲
Fixed assets21/28€2k€8k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27-€7k
Plant, machinery and equipment23-€7k
Current assets29/58€336k€376k▲
Amounts receivable within one year40/41€168k€163k▼
Trade receivables40€167k€140k▼
Other amounts receivable41€1k€23k▲
Cash at bank and in hand54/58€167k€178k▲
Deferred charges and accrued income490/1€948€35k▲
Equity and liabilities
Total equity and liabilities10/49€338k€384k▲
Equity10/15€202k€171k▼
Reserves13€68k€78k▲
Tax-exempt reserves132-€10k
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€134k€93k▼
Amounts payable17/49€136k€212k▲
Amounts payable within one year42/48€84k€141k▲
Trade debts44€8k€44k▲
Suppliers440/4€8k€44k▲
Taxes, remuneration and social security45€4k€4k=
Taxes450/3€4k€4k=
Other amounts payable47/48€71k€93k▲
Accrued charges and deferred income492/3€53k€71k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€730€1k▲
Other operating charges640/8€387€400▲
Gross operating margin9900€101k€29k▼
Operating profit (loss)9901€100k€27k▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€385€626▲
Recurring financial charges65€385€626▲
Profit (loss) for the period before taxes9903€99k€26k▼
Income taxes67/77€25k€7k▼
Profit (loss) for the period9904€74k€19k▼
Transfer to tax-exempt reserves689-€10k
Profit (loss) for the period to be appropriated9905€74k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€169k€143k▼
Profit (loss) brought forward from the previous period14P€95k€134k▲
Profit to be distributed694/7€35k€50k▲
Return on contributions (dividend)694€35k€50k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €413 | €1k | €730 | €1k | ▲ 60.4% |
| Other operating charges640/8 | - | €2k | €403 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €22k | €111k | €44k | €101k | €29k | ▼ 71.7% |
| Operating profit (loss)9901 | €18k | €108k | €42k | €100k | €27k | ▼ 72.9% |
| Financial income75/76B | €182 | €318 | €8 | €10 | €0 | ▼ 99.9% |
| Recurring financial income75 | €182 | €318 | €8 | €10 | €0 | ▼ 99.9% |
| Financial charges65/66B | €884 | €464 | €3k | €385 | €626 | ▲ 62.5% |
| Recurring financial charges65 | €884 | €464 | €3k | €385 | €626 | ▲ 62.5% |
| Profit (loss) for the period before taxes9903 | €17k | €108k | €39k | €99k | €26k | ▼ 73.4% |
| Income taxes67/77 | €813 | €28k | €10k | €25k | €7k | ▼ 73.1% |
| Profit (loss) for the period9904 | €17k | €80k | €29k | €74k | €19k | ▼ 73.6% |
| Transfer from tax-exempt reserves789 | - | - | €36k | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €10k | - |
| Profit (loss) for the period to be appropriated9905 | €17k | €80k | €65k | €74k | €10k | ▼ 87.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241k | €299k | €306k | €338k | €384k | ▲ 13.4% |
| Fixed assets21/28 | €816 | €4k | €3k | €2k | €8k | ▲ 293% |
| Intangible fixed assets21 | - | €3k | €3k | €2k | €1k | ▼ 33.8% |
| Tangible fixed assets22/27 | €816 | €433 | €50 | - | €7k | - |
| Plant, machinery and equipment23 | - | - | - | - | €7k | - |
| Furniture and vehicles24 | €816 | €433 | €50 | - | - | - |
| Current assets29/58 | €240k | €295k | €304k | €336k | €376k | ▲ 11.8% |
| Amounts receivable within one year40/41 | €59k | €96k | €131k | €168k | €163k | ▼ 3.0% |
| Trade receivables40 | €46k | €94k | €110k | €167k | €140k | ▼ 16.3% |
| Other amounts receivable41 | €13k | €2k | €21k | €1k | €23k | ▲ 1,861% |
| Cash at bank and in hand54/58 | €180k | €197k | €171k | €167k | €178k | ▲ 6.6% |
| Deferred charges and accrued income490/1 | €614 | €2k | €1k | €948 | €35k | ▲ 3,548% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241k | €299k | €306k | €338k | €384k | ▲ 13.4% |
| Equity10/15 | €117k | €173k | €163k | €202k | €171k | ▼ 15.1% |
| Contributions10/11 | €6k | €6k | - | - | - | - |
| Reserves13 | €70k | €70k | €68k | €68k | €78k | ▲ 14.5% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €36k | €36k | - | - | €10k | - |
| Distributable reserves133 | €33k | €33k | €68k | €68k | €68k | = |
| Profit (loss) carried forward14 | €41k | €96k | €95k | €134k | €93k | ▼ 30.2% |
| Amounts payable17/49 | €124k | €126k | €143k | €136k | €212k | ▲ 55.7% |
| Amounts payable within one year42/48 | €77k | €99k | €102k | €84k | €141k | ▲ 68.2% |
| Trade debts44 | €13k | €30k | €29k | €8k | €44k | ▲ 425% |
| Suppliers440/4 | €13k | €30k | €29k | €8k | €44k | ▲ 425% |
| Taxes, remuneration and social security45 | €5k | €8k | €8k | €4k | €4k | = |
| Taxes450/3 | €5k | €8k | €8k | €4k | €4k | = |
| Other amounts payable47/48 | €59k | €61k | €66k | €71k | €93k | ▲ 29.9% |
| Accrued charges and deferred income492/3 | €46k | €28k | €41k | €53k | €71k | ▲ 35.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €80k | €29k | €74k | €19k | ▼ 73.6% |
| + Depreciation and write-downs630 | €4k | €413 | €1k | €730 | €1k | ▲ 60.4% |
| Operating cash flow (approximation) | €21k | €81k | €30k | €74k | €21k | ▼ 72.3% |
| Investment in fixed assets (approximation) | - | €-3k | €0 | €0 | €-7k | - |
| Change in cash | - | €16k | €-25k | €-4k | €11k | ▲ 366% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €202k ▲23.5%
7 profitable years in a row build equity to €202k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €80k ▲384%
Operating result €108k, net result €80k, both a record.
31-12
Financial
Equity above €150kEq €173k ▲47.2%
5 profitable years in a row build equity to €173k.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €17k ▼26.3%
Net result drops to €17k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €102k ▲135%
2 profitable years in a row build equity to €102k.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Oudergem · 1 establishment unit since 2017
Ground area
208 m²
Building footprint
207 m²
Volume, LiDAR
2,178 m³
Parcel 21002A0170/00E004, Brussels · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
76
companies at this address
See who is registered here
1 establishment unit
KODE Publishing & Services
since 20172.260.525.216
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21002A0170/00E004 | Brussels | 208 m² | 1 · 207 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,571 companies in sector 82300 we hold annual accounts for 1,672. 1,260 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
82300Organisation of conventions and trade shows
58130Publishing activities
73110Advertising agencies
74301Translation services
82990Other business support services
94999Other membership organisations
Contact
Website
www.boardroom.global
Scores and ratios are computed by Checked and are not a credit decision.