Kodeer

Active

Private limited companyfounded 20197 yrs activeHeihoekstraat 48, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0728.673.797

Summary

Kodeer has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,490 and a net result of €49,094. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

KodeerActiveChecked score 80/100

Risk analysis Report Compare

Checked score

Score 2025

80 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency64▲+2

Growth78=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2,500 at 30 days acceptable

Liquidity tight (current ratio 1.48 against 1.47 in 2024; short-term debt: 61.4% and cash: 52.7% of total assets), and 61.4% of the assets are financed with debt.

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Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Computer programming, consultancy and related activities (NACE 62)

about 64% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

38.6%

Return on assets

51.9%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

2 d early

2024

9 d early

2023

30 d early

2022

11 d early

2021

17 d early

2020

31 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

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 months

Position in the running window

26-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 20 June 2019, Kodeer was incorporated as a Private limited company.¹ Total assets went from EUR 39,213 in 2020 to EUR 94,563 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity

€36,490=

2024 · €36,490

Total assets

€94,563▼ 3.7%

2024 · €98,169

Net result

€49,094▲ 23.7%

2024 · €39,677

Working capital

€28,019▼ 2.4%

2024 · €28,703

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20212022202320242025

Operating result€13,999▼ 28.4%€20,096▲ 43.6%€46,391▲ 131%€49,366▲ 6.4%€62,022▲ 25.6%

Net result€9,484▼ 25.6%€12,006▲ 26.6%€35,378▲ 195%€39,677▲ 12.2%€49,094▲ 23.7%

Equity€24,734▲ 62.2%€36,739▲ 48.5%€36,490▼ 0.7%€36,490=€36,490=

Total assets€44,110▲ 12.5%€76,153▲ 72.6%€85,260▲ 12.0%€98,169▲ 15.1%€94,563▼ 3.7%

Debt€19,376▼ 19.1%€39,414▲ 103%€48,770▲ 23.7%€61,679▲ 26.5%€58,073▼ 5.8%

Working capital€25,329▲ 18.3%€41,571▲ 64.1%€35,802▼ 13.9%€28,703▼ 19.8%€28,019▼ 2.4%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2025 is 26% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €94,563

91.0%

Fixed assets €8,527 ▲ 9.5%

Current assets €86,036 ▼ 4.8%

Equity and liabilities €94,563

38.6%

61.4%

Equity €36,490 =

Debt €58,073 ▼ 5.8%

Debt's share of the balance-sheet total falls from 62.8% to 61.4%. Debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€64,754▲

2024 · €50,929

Cash flow

€51,826▲

2024 · €41,240

Current ratio

1.48▲

2024 · 1.47

Debt to equity

1.59▼

2024 · 1.69

ROE

134.5%▲

2024 · 108.7%

ROA

51.9%▲

2024 · 40.4%

Interest coverage

192.65▲

2024 · -163.38

Debt ≤ 1 year

€58,017▼

2024 · €61,679

Income taxes

€12,735▲

2024 · €10,002

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines

Balance sheet Code20242025

Assets

Total assets20/58€98,169€94,563▼

Fixed assets21/28€7,787€8,527▲

Tangible fixed assets22/27€7,787€8,527▲

Plant, machinery and equipment23€3,967€2,947▼

Furniture and vehicles24€3,820€5,581▲

Current assets29/58€90,382€86,036▼

Amounts receivable within one year40/41€13,749€25,618▲

Trade receivables40€520€13,333▲

Other amounts receivable41€13,230€12,285▼

Current investments50/53€5,000€7,500▲

Cash at bank and in hand54/58€68,975€49,860▼

Deferred charges and accrued income490/1€2,658€3,058▲

Equity and liabilities

Total equity and liabilities10/49€98,169€94,563▼

Equity10/15€36,490€36,490=

Contributions10/11€2,500€2,500=

Reserves13€33,990€33,990=

Distributable reserves133€33,990€33,990=

Profit (loss) carried forward14€0€0=

Amounts payable17/49€61,679€58,073▼

Amounts payable within one year42/48€61,679€58,017▼

Trade debts44€0€553▲

Suppliers440/4€0€553▲

Taxes, remuneration and social security45€26,726€15,734▼

Taxes450/3€26,726€15,734▼

Other amounts payable47/48€34,953€41,730▲

Accrued charges and deferred income492/3€0€57▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,563€2,732▲

Other operating charges640/8€1,187€720▼

Gross operating margin9900€52,116€65,474▲

Operating profit (loss)9901€49,366€62,022▲

Financial income75/76B€1€142▲

Recurring financial income75€1€142▲

Financial charges65/66B-€312€336▲

Recurring financial charges65-€312€336▲

Profit (loss) for the period before taxes9903€49,679€61,829▲

Income taxes67/77€10,002€12,735▲

Profit (loss) for the period9904€39,677€49,094▲

Profit (loss) for the period to be appropriated9905€39,677€49,094▲

Appropriation of the result

Profit (loss) to be appropriated9906€39,677€49,094▲

Transfer from equity791/2€0-

Transfer to equity691/2€0-

To other reserves6921€0-

Profit to be distributed694/7€39,677€49,094▲

Return on contributions (dividend)694€39,677€49,094▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€690	€754	€951	€1,563	€2,732	▲ 74.8%
Other operating charges640/8	€2,779	€6,208	€601	€1,187	€720	▼ 39.4%
Gross operating margin9900	€17,468	€27,058	€47,942	€52,116	€65,474	▲ 25.6%
Operating profit (loss)9901	€13,999	€20,096	€46,391	€49,366	€62,022	▲ 25.6%
Financial income75/76B	-	€597	€0	€1	€142	▲ 26,248%
Recurring financial income75	-	€597	€0	€1	€142	▲ 26,248%
Financial charges65/66B	€210	€2,321	-€969	-€312	€336	▲ 208%
Recurring financial charges65	€210	€2,321	-€969	-€312	€336	▲ 208%
Profit (loss) for the period before taxes9903	€13,789	€18,373	€47,360	€49,679	€61,829	▲ 24.5%
Income taxes67/77	€4,304	€6,367	€11,982	€10,002	€12,735	▲ 27.3%
Profit (loss) for the period9904	€9,484	€12,006	€35,378	€39,677	€49,094	▲ 23.7%
Profit (loss) for the period to be appropriated9905	€9,484	€12,006	€35,378	€39,677	€49,094	▲ 23.7%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€44,110	€76,153	€85,260	€98,169	€94,563	▼ 3.7%
Fixed assets21/28	€2,008	€1,254	€2,585	€7,787	€8,527	▲ 9.5%
Tangible fixed assets22/27	€2,008	€1,254	€2,585	€7,787	€8,527	▲ 9.5%
Plant, machinery and equipment23	€1,049	€556	€2,148	€3,967	€2,947	▼ 25.7%
Furniture and vehicles24	€959	€698	€437	€3,820	€5,581	▲ 46.1%
Current assets29/58	€42,101	€74,898	€82,676	€90,382	€86,036	▼ 4.8%
Amounts receivable within one year40/41	€14,774	€17,312	€38,763	€13,749	€25,618	▲ 86.3%
Trade receivables40	€14,774	€17,312	€38,763	€520	€13,333	▲ 2,466%
Other amounts receivable41	-	-	-	€13,230	€12,285	▼ 7.1%
Current investments50/53	€4,987	€2,907	€4,361	€5,000	€7,500	▲ 50.0%
Cash at bank and in hand54/58	€21,150	€53,444	€35,847	€68,975	€49,860	▼ 27.7%
Deferred charges and accrued income490/1	€1,190	€1,236	€3,705	€2,658	€3,058	▲ 15.1%
Equity and liabilities
Total equity and liabilities10/49	€44,110	€76,153	€85,260	€98,169	€94,563	▼ 3.7%
Equity10/15	€24,734	€36,739	€36,490	€36,490	€36,490	=
Contributions10/11	€2,500	€2,500	€2,500	€2,500	€2,500	=
Reserves13	€22,234	€34,239	€33,990	€33,990	€33,990	=
Distributable reserves133	€22,234	€34,239	€33,990	€33,990	€33,990	=
Profit (loss) carried forward14	-	-	€0	€0	€0	-
Amounts payable17/49	€19,376	€39,414	€48,770	€61,679	€58,073	▼ 5.8%
Amounts payable within one year42/48	€16,772	€33,328	€46,874	€61,679	€58,017	▼ 5.9%
Trade debts44	€263	€3,494	€1,740	€0	€553	-
Suppliers440/4	€263	€3,494	€1,740	€0	€553	-
Taxes, remuneration and social security45	€15,434	€28,111	€22,230	€26,726	€15,734	▼ 41.1%
Taxes450/3	€15,434	€28,111	€22,230	€26,726	€15,734	▼ 41.1%
Other amounts payable47/48	€1,075	€1,723	€22,904	€34,953	€41,730	▲ 19.4%
Accrued charges and deferred income492/3	€2,604	€6,086	€1,896	€0	€57	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€9,484	€12,006	€35,378	€39,677	€49,094	▲ 23.7%
+ Depreciation and write-downs630	€690	€754	€951	€1,563	€2,732	▲ 74.8%
Operating cash flow (approximation)	€10,174	€12,760	€36,329	€41,240	€51,826	▲ 25.7%
Investment in fixed assets (approximation)	-	€0	-€2,281	-€6,765	-€3,472	▲ 48.7%
Change in cash	-	€32,293	-€17,597	€33,128	-€19,115	▼ 158%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 8Financial 2Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2020net €49,094 ▲23.7%

Operating result €62,022, net result €49,094, both a record.

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

01-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

14-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Weakest financial yearnet €9,484 ▼25.6%

Net result drops to €9,484, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 1 act read

About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors

1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2019

seat establishment The establishment unit on the map

Ground area

612 m²

Building footprint

118 m²

Volume, LiDAR

479 m³

Parcel 46017A0879/00V000, Flanders · tallest building 9.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Kodeer

Heihoekstraat 48, 9100 Sint-NiklaasComputer programming, consultancy and related activities

since 20192.290.405.966

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46017A0879/00V000	Flanders	612 m²	1 · 118 m²	9.7 m · 1 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.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 585 EUR paid

Year	Entries	awarded	paid
2024	1	0 EUR	585 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 585 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

98450098GCDAFA2D1349

live in the LEI register

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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,571 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

Founded20-06-2019

Fiscal year end31-12

Activities, NACEBEL 2025

62100Computer programming

Contact

Website www.kodeer.be

Scores and ratios are computed by Checked and are not a credit decision.