KODEIK
ActiveSummary
KODEIK has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145,398 and a net result of €25,644. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 20783 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+3
Solvency81▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.9 against 1.79 in 2023; short-term debt: 9.3% and cash: 17.8% of total assets), and 43.7% 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
lowers risk · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
35 d early
2022
23 d late
2021
3 d late
2020
23 d late
2019
101 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 19 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 company by total assets in Waremme, Telecoms and IT sector#6 company by equity in Waremme, Telecoms and IT sector#10 oldest company in Waremme, Telecoms and IT sector
Equity
€145,398▲ 12.1%
2023 · €129,754
Total assets
€258,201▲ 0.7%
2023 · €256,532
Net result
€25,644▲ 40.1%
2023 · €18,310
Working capital
€45,765▲ 91.3%
2023 · €23,922
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€41,309▲ 289%€12,801▼ 69.0%€35,542▲ 178%€30,191▼ 15.1%€41,245▲ 36.6%
Net result€29,265▲ 277%€6,710▼ 77.1%€21,139▲ 215%€18,310▼ 13.4%€25,644▲ 40.1%
Equity€79,795▲ 57.9%€91,905▲ 15.2%€112,244▲ 22.1%€129,754▲ 15.6%€145,398▲ 12.1%
Total assets€121,715▲ 93.9%€323,023▲ 165%€282,248▼ 12.6%€256,532▼ 9.1%€258,201▲ 0.7%
Debt€41,920▲ 242%€231,119▲ 451%€170,004▼ 26.4%€126,778▼ 25.4%€112,803▼ 11.0%
Working capital€71,817▲ 52.9%€51,395▼ 28.4%€2,021▼ 96.1%€23,922▲ 1,084%€45,765▲ 91.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2021 Total assets +165% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €258,201
Fixed assets
€188,316 ▼ 6.9%
Current assets
€69,885 ▲ 28.8%
Equity and liabilities €258,201
Equity
€145,398 ▲ 12.1%
Debt
€112,803 ▼ 11.0%
Debt's share of the balance-sheet total falls from 49.4% to 43.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56,124▲
2023 · €45,524
Cash flow
€40,523▲
2023 · €33,643
Current ratio
2.90▲
2023 · 1.79
Debt to equity
0.78▼
2023 · 0.98
ROE
17.6%▲
2023 · 14.1%
ROA
9.9%▲
2023 · 7.1%
Interest coverage
22.95▲
2023 · 19.63
Debt ≤ 1 year
€24,120▼
2023 · €30,325
Debt > 1 year
€88,683▼
2023 · €96,453
Income taxes
€13,266▲
2023 · €9,681
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,838 | €34,631 | €16,605 | €15,333 | €14,879 | ▼ 3.0% |
| Other operating charges640/8 | - | €432 | €437 | €554 | €6,211 | ▲ 1,020% |
| Non-recurring operating charges66A | - | €1,403 | - | - | - | - |
| Gross operating margin9900 | €67,206 | €49,267 | €52,583 | €46,078 | €62,335 | ▲ 35.3% |
| Operating profit (loss)9901 | €41,309 | €12,801 | €35,542 | €30,191 | €41,245 | ▲ 36.6% |
| Financial income75/76B | - | €96 | €98 | €120 | €110 | ▼ 8.3% |
| Recurring financial income75 | €44 | €96 | €98 | €120 | €110 | ▼ 8.3% |
| Financial charges65/66B | - | €3,327 | €3,958 | €2,319 | €2,445 | ▲ 5.4% |
| Recurring financial charges65 | €805 | €3,327 | €3,958 | €2,319 | €2,445 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €40,547 | €9,570 | €31,682 | €27,991 | €38,910 | ▲ 39.0% |
| Income taxes67/77 | €11,282 | €2,860 | €10,543 | €9,681 | €13,266 | ▲ 37.0% |
| Profit (loss) for the period9904 | €29,265 | €6,710 | €21,139 | €18,310 | €25,644 | ▲ 40.1% |
| Profit (loss) for the period to be appropriated9905 | €29,265 | €6,710 | €21,139 | €18,310 | €25,644 | ▲ 40.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121,715 | €323,023 | €282,248 | €256,532 | €258,201 | ▲ 0.7% |
| Fixed assets21/28 | €7,978 | €222,537 | €214,324 | €202,285 | €188,316 | ▼ 6.9% |
| Tangible fixed assets22/27 | €7,718 | €222,277 | €214,324 | €202,285 | €188,316 | ▼ 6.9% |
| Land and buildings22 | - | €213,423 | €202,428 | €191,433 | €180,438 | ▼ 5.7% |
| Furniture and vehicles24 | - | €8,853 | €11,896 | €8,585 | €6,424 | ▼ 25.2% |
| Other tangible fixed assets26 | - | - | - | €2,267 | €1,454 | ▼ 35.8% |
| Financial fixed assets28 | €260 | €260 | - | - | - | - |
| Current assets29/58 | €113,737 | €100,487 | €67,924 | €54,247 | €69,885 | ▲ 28.8% |
| Amounts receivable within one year40/41 | €25,114 | €6,640 | €10,345 | €736 | €21,903 | ▲ 2,877% |
| Trade receivables40 | - | €6,500 | €10,345 | - | €12,831 | - |
| Other amounts receivable41 | - | €140 | - | €736 | €9,072 | ▲ 1,133% |
| Cash at bank and in hand54/58 | €87,081 | €90,647 | €53,688 | €52,089 | €45,978 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | €3,199 | €3,892 | €1,423 | €2,004 | ▲ 40.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121,715 | €323,023 | €282,248 | €256,532 | €258,201 | ▲ 0.7% |
| Equity10/15 | €79,795 | €91,905 | €112,244 | €129,754 | €145,398 | ▲ 12.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €67,395 | €73,305 | €93,644 | €111,154 | €126,798 | ▲ 14.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €71,445 | €91,784 | €109,294 | €124,938 | ▲ 14.3% |
| Amounts payable17/49 | €41,920 | €231,119 | €170,004 | €126,778 | €112,803 | ▼ 11.0% |
| Amounts payable after more than one year17 | - | €182,027 | €104,102 | €96,453 | €88,683 | ▼ 8.1% |
| Financial debts170/4 | - | €182,027 | €104,102 | €96,453 | €88,683 | ▼ 8.1% |
| Amounts payable within one year42/48 | €41,920 | €49,091 | €65,903 | €30,325 | €24,120 | ▼ 20.5% |
| Current portion of amounts payable after more than one year42 | - | €12,028 | €7,529 | €7,658 | €7,790 | ▲ 1.7% |
| Trade debts44 | €25,536 | €13,377 | €1,051 | €430 | €213 | ▼ 50.5% |
| Suppliers440/4 | - | €13,377 | €1,051 | €430 | €213 | ▼ 50.5% |
| Taxes, remuneration and social security45 | - | €4,163 | €9,918 | €4,690 | €6,117 | ▲ 30.4% |
| Taxes450/3 | - | €4,163 | €9,918 | €3,840 | €6,117 | ▲ 59.3% |
| Remuneration and social security454/9 | - | - | - | €850 | - | - |
| Other amounts payable47/48 | - | €19,523 | €47,406 | €17,547 | €10,000 | ▼ 43.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,265 | €6,710 | €21,139 | €18,310 | €25,644 | ▲ 40.1% |
| + Depreciation and write-downs630 | €1,838 | €34,631 | €16,605 | €15,333 | €14,879 | ▼ 3.0% |
| Operating cash flow (approximation) | €31,103 | €41,341 | €37,744 | €33,643 | €40,523 | ▲ 20.4% |
| Investment in fixed assets (approximation) | - | -€249,190 | -€8,393 | -€3,294 | -€910 | ▲ 72.4% |
| Change in cash | - | €3,566 | -€36,960 | -€1,599 | -€6,111 | ▼ 282% |
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
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €100,000Eq €112,244 ▲22.1%
5 profitable years in a row build equity to €112,244.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Weakest financial yearnet €6,710 ▼77.1%
Net result drops to €6,710, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waremme · 1 establishment unit since 2018
Ground area
610 m²
Building footprint
225 m²
Volume, LiDAR
832 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KODEIK
since 20182.274.156.882
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074A0413/00H003 | Wallonia | 471 m² | 1 · 107 m² | 9.6 m · 3 fl. |
| 64074C0783/00K009 | Wallonia | 139 m² | 1 · 118 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 6,865 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
Founded19-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
43211General electrical installation work
62200Computer consultancy and computer facilities management
63910Web portal activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0692686106
Registered
24-03-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.