Equity
€21,898 from €71,529 in 2022
Equity fell by 69% in 3 years.
KODER
Overview
Lifetime
6 annual accounts with figures on one time axispeak €72,762 (2022)
€69,397▲ 2.9%
lowest -€4,631 (2023)
€62,140▲ 22.2%
peak €71,529 (2022)
€21,898▼ 54.1%
€23,457▲ 110%
Board1 name since 2020
1 director
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Dividend €85,000Equity from €47,758 to €21,898Debts from €11,157 to €23,457Cash from €38,058 to €15,633
Key points
from the 2025 annual accountsTurnover
≈ €210,000 estimated
The micro format states no turnover.
Liquidity
1.84 was 5.15 in 2024
Short-term debts rose from €10,676 to €23,118.
Filings
6 annual accounts 6 late
The 2021 accounts came latest: 89 days after the end of the period.
Starting capital
€5,000 10,000 shares
Position in the sector
€62,140
Higher net result than 80% of companies in computing infrastructure and information services. Sector median €19,086 · 2,407 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 26,969 companies had the same profile as KODER has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 26,969 companies, not a prediction for KODER. 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 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0758560091
Registered office moved from Heusden-Zolder to Zonhoven
New registered office: Kolverenheidestraat 4, 3520 Zonhoven · Previous registered office: Kruiswegstraat 2 bus 12, 3550 Heusden-Zolder · Gazette deed
First establishment
Kolverenheidestraat 4, Zonhoven
Incorporation
Founding capital of €5,000, 10,000 shares · Founder: · Appointment: (director) · published on 20-11-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KODER Zonhoven | €45,356 | €69,397 | 48.3% | - |
| Claessens Antwerp | €47,757 | €48,208 | 88.2% | - |
| Vellamo Antwerp | €66,375 | €80,697 | 7.5% | - |
| RESOURCEFUL CONSULTING Dilbeek | €67,730 | €57,476 | 24.1% | - |
| Heave Kapellen | €55,812 | €41,208 | 24.2% | - |
| ByondFiles Torhout | €34,168 | €119,612 | -1783.5% | 3 |
| TaskRebel Hasselt | €66,315 | €31,530 | 88.0% | - |
These companies have the same main activity as KODER: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €34,200 and €67,700, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 18-11-2020Normal situation
- Activity
- Computing infrastructure, data processing, hosting and related activitiesNACE 63100and 2 others
- Establishment unit
- 2.310.953.2393520 Zonhoven, since 01-12-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Annual accounts 2025
- €69,397▲ 2.9%
- €62,140▲ 22.2%
- €21,898▼ 54.1%
- €45,356▼ 23.0%
- Filing
- Filed on 30-08-2026
Insights on KODER
KODER files the micro format. That format states no turnover. The gross margin rose from -€2,856 in 2020 to €69,397 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-08-2026, 30 days late€69,397
▲ 2.9%
€65,687
▲ 2.4%
€62,140
▲ 22.2%
€19,304
▼ 56.4%
48.3%
▼ 32.8 percentage points
1.84
▼ 3.31
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 €140,000 and €360,000.
Balance sheet
balance sheet total €45,356 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
48.3%
Higher than 44% of 2,408 companies in 2025.
1.84
Higher than 44% of 2,296 companies in 2025.
137.0%
Higher than 95% of 2,331 companies in 2025.
KODER
Middle half of the sector
80% of the sector
Micro accounts in computing infrastructure and information services (NACE 63)
Net result: top quarter · Equity: middle half · Balance sheet total: bottom quarter · 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 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
45,356 | 58,915 | 55,782 | 119,109 | 29,210 | 2,144 | |
21/28 |
2,933 | 3,969 | 4,091 | 3,304 | 2,837 | - | |
22/27 |
2,883 | 3,919 | 4,091 | 3,304 | 2,837 | - | |
23 |
2,410 | 3,132 | 2,991 | 1,889 | 2,837 | - | |
24 |
473 | 787 | 1,101 | 1,415 | - | - | |
28 |
50 | 50 | - | - | - | - | |
29/58 |
42,422 | 54,946 | 51,691 | 115,805 | 26,374 | 2,144 | |
29 |
- | - | 471 | - | - | - | |
291 |
- | - | 471 | - | - | - | |
40/41 |
26,789 | 16,888 | 10,418 | 12,444 | 11,870 | 359 | |
40 |
23,232 | 13,232 | 10,418 | 12,444 | 11,870 | - | |
41 |
3,557 | 3,656 | - | - | - | 359 | |
54/58 |
15,633 | 38,058 | 40,802 | 73,868 | 14,503 | 1,785 | |
490/1 |
0 | 0 | 0 | 29,492 | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
45,356 | 58,915 | 55,782 | 119,109 | 29,210 | 2,144 | |
10/15 |
21,898 | 47,758 | 26,898 | 71,529 | 16,291 | 2,140 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
11 |
- | - | - | - | - | 5,000 | |
1109/19 |
- | - | - | - | - | 5,000 | |
14 |
16,898 | 42,758 | 21,898 | 66,529 | 11,291 | -2,860 | |
17/49 |
23,457 | 11,157 | 28,884 | 47,579 | 12,919 | 5 | |
17 |
- | - | 4,053 | - | - | - | |
170/4 |
- | - | 4,053 | - | - | - | |
42/48 |
23,118 | 10,676 | 24,642 | 47,579 | 12,919 | 5 | |
42 |
8,796 | - | - | - | - | - | |
44 |
1,388 | 260 | 0 | 105 | 311 | 5 | |
440/4 |
1,388 | 260 | 0 | 105 | 311 | 5 | |
45 |
10,017 | 10,416 | 24,642 | 30,202 | 12,553 | - | |
450/3 |
10,017 | 10,416 | 24,641 | 30,202 | 12,553 | - | |
454/9 |
- | 0 | 1 | - | - | - | |
47/48 |
2,918 | - | - | 17,272 | 56 | - | |
492/3 |
339 | 481 | 190 | - | - | - | |
| Income statement | |||||||
9900 |
69,397 | 67,425 | 13,068 | 72,762 | 20,601 | -2,856 | |
62 |
1,130 | - | - | - | - | - | |
630 |
1,036 | 1,662 | 1,467 | 1,102 | 5 | - | |
640/8 |
1,544 | 1,635 | 3,588 | 1,690 | 2,370 | - | |
9901 |
65,687 | 64,128 | 8,014 | 69,970 | 18,226 | -2,856 | |
75/76B |
19 | 0 | 2 | - | 145 | - | |
75 |
19 | 0 | 2 | - | 145 | - | |
65/66B |
103 | 310 | 504 | 110 | 208 | 4 | |
65 |
103 | 310 | 504 | 110 | 64 | 4 | |
66B |
- | - | - | - | 144 | - | |
9903 |
65,603 | 63,818 | 7,511 | 69,861 | 18,163 | -2,860 | |
67/77 |
3,463 | 12,959 | 12,142 | 14,622 | 4,011 | - | |
9904 |
62,140 | 50,860 | -4,631 | 55,238 | 14,151 | -2,860 | |
9905 |
62,140 | 50,860 | -4,631 | 55,238 | 14,151 | -2,860 | |
| Appropriation of the result | |||||||
9906 |
104,898 | 72,758 | 61,898 | 66,529 | 11,291 | -2,860 | |
14P |
42,758 | 21,898 | 66,529 | 11,291 | -2,860 | - | |
694/7 |
88,000 | 30,000 | 40,000 | - | - | - | |
694 |
85,000 | 30,000 | 40,000 | - | - | - | |
695 |
3,000 | - | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 6 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 30-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00478817.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00478817 | |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00468715 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00391591 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00372723 | |
| 31-12-2021 | micro format | 28-10-2022 | 2022-20484465 | |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69500027 |
Subsidies and aid
Flemish government 2022, 1 entry, €219 awarded, €219 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 66,723 | 65,790 | 9,481 | 71,072 | 18,231 | - | ||
| 63,176 | 52,521 | -3,164 | 56,340 | 14,157 | - | ||
| 509 | 1,539 | 2,254 | 1,569 | 2,842 | - | ||
| -22,424 | -2,744 | -33,066 | 59,365 | 12,718 | - | ||
| 19,304 | 44,270 | 27,049 | 68,225 | 13,454 | 2,140 | ||
| 48.3% | 81.1% | 48.2% | 60.1% | 55.8% | - | ||
| 1.84 | 5.15 | 2.10 | 2.43 | 2.04 | - | ||
| 1.07 | 0.23 | 1.07 | 0.67 | 0.79 | - | ||
| 283.8% | 106.5% | -17.2% | 77.2% | 86.9% | - | ||
| 137.0% | 86.3% | -8.3% | 46.4% | 48.4% | - | ||
| over 100 | over 100 | 18.80 | 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 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €509 | €1,489 | €2,254 | €1,569 | €2,842 |
| Financial fixed assets | - | €50 | - | - | - |
| €1,036 | €1,662 | €1,467 | €1,102 | €5 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on KODER
The operating result for 2025 is 2% 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 18.9% to 51.7%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 20-11-2020
listed in the 2025 annual accounts, filed on 30-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “EXTERNE VERTEGENWOORDIGINGSMACHT: Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”deed of 20-11-2020
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
BoardOther function
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 20-11-2020, still in office
- Director (not named in the articles), appointed by deed of 20-11-2020, still in office
Control
Founder
This company
KODER
Equity €21,898
Profit €62,140 in 2025
Capital
- Contribution
- €5,000
- Shares
- 10,000
- Contribution per share
- €0.50
- Equity per share
- €2.19 in 2025
- Source
- deed of 20-11-2020
Articles of association
deed of 20-11-2020 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- 10,000 shares
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
- 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 20-11-2020 ↗
- 10,000 shares (100%) · €5,000 in cash
Network & group
No group
KODER has no parent and no holdings in its annual accounts. is the only director. KODER shares no director with another company.
At the same address
Kolverenheidestraat 4, 3520 Zonhoven · 1 other company| Stressless Productions
registered office since 15-10-2025 · founded in 2025 |
total assets €26,942 (2025) 1029.183.064 |
Timeline
Timeline
15 events since 2020Filings
Financial
Establishments
Address
2020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 30 days late
2025
Highest result from 2020 to 2025 net €62,140 ▲22.2% The net result of €62,140 is the highest of those years.
Annual accounts 2024 filed PDFmicro format · 29 days late
2024
Back to profit net €50,860 The net result is €50,860, after one loss-making year.
Liquidity more than doubled current ratio 5.15 The current ratio rises from 2.10 to 5.15. Short-term debt falls from €24,642 to €10,676.
Annual accounts 2023 filed PDFmicro format · 29 days late
2023
Weakest financial year net -€4,631 The net result drops to -€4,631, the lowest from 2020 to 2025. It recovers the following year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0758560091
Annual accounts 2022 filed PDFmicro format · 29 days late
2022
Annual accounts 2021 filed PDFmicro format · 89 days late
2021
Back to profit net €14,151 The net result is €14,151, after one loss-making year.
Registered office moved from Heusden-Zolder to ZonhovenNew registered office: Kolverenheidestraat 4, 3520 Zonhoven · Previous registered office: Kruiswegstraat 2 bus 12, 3550 Heusden-Zolder1 point ▸
- Registered-office move, Kolverenheidestraat 4, 3520 Zonhoven
Annual accounts 2020 filed PDFmicro format · 60 days late
2020
First establishment Kolverenheidestraat 4, Zonhoven
IncorporationFounding capital of €5,000, 10,000 shares · Founder: · Appointment: (director) · published on 20-11-20204 points ▸
- Registered office clause, Heusden-Zolder, Kruiswegstraat 2 bus 12
- Director appointment, (director (not named in the articles))
- Founder,
- Founding capital, €5,000, 10,000 shares
- The deed holds 1 more point.
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
KODER was incorporated on 18 November 2020 as a private limited company by one natural person, with a starting capital of €5,000.12 The registered office was moved to Zonhoven in 2021.3 is director of the company, appointed by deed of 20-11-2020.2 Total assets rose from €2,144 in 2020 to €45,356 in 2025.4
Company details
Identity
- Enterprise number
- 0758.560.091
- VAT number
- BE 0758.560.091
- Peppol ID
- 0208:0758560091
- Other Peppol ID
- 9925:BE0758560091
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 18-11-2020
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 20-11-2020 (in Dutch)
- Peppol
- Reachable since 31-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KODER in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 20-11-2020 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 20-11-2020 (in Dutch)
Activities
NACEBEL 202563100
Computing infrastructure, data processing, hosting and related activities main activity
63910
Web portal activities
85599
Other education
Codes under NACEBEL 2008
63110
Computing infrastructure, data processing, hosting and other information service activities main activity
63120
Computing infrastructure, data processing, hosting and other information service activities
85599
Other education
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “IT-adviesverlening (consultancy) aan particulieren en bedrijven; IT-projectmanagement voor particulieren en bedrijven; Coaching en…”deed of 20-11-2020 (in Dutch)
19 activities
- IT-adviesverlening (consultancy) aan particulieren en bedrijven
- IT-projectmanagement voor particulieren en bedrijven
- Coaching en IT-opleidingen geven aan particulieren en bedrijven
- Analyseren,ontwerpen,programmeren en uitgeven van software
- Analyseren,ontwerpen,programmeren en uitgeven van websites
- Installatie en beheer van computernetwerken,IT-systemen en IT-infrastructuur
- Samenstellen van databases met gegevens uit verschillende bronnen
- Opslag en beheer van gegevens van derden
- Grafische vormgeving en fotografie: ontwerpen van logo's,huisstijlen,websites,presentaties,naamkaartjes,folders,enzovoort
- Drukwerk van logo's,folders,naamkaartjes,enzovoort
- Registratie en beheer van domeinnamen
- Verkoop en verhuur van goederen en diensten via e-commerce of webshops
- Vervaardiging,reparatie,handelsbemiddeling,aan- en verkoop van computers en randapparatuur
- Managementactiviteiten van holdings: tussenkomen in het dagelijks bestuur,vertegenwoordigen van bedrijven op grond van bezit van of controle over het vermogen/kapitaal,enzovoort
- Vervaardiging,reparatie,handelsbemiddeling,aan- en verkoop van elektrische installaties en domotica-systemen
- Plaatsen van elektrische installaties,kabels,diverse leidingen en domotica-systemen in huizen,kantoren en bedrijven
- Verkoop van speelgoed
- Verhuur van kantoorruimte
- Handelsbemiddeling,aan- en verkoop van onroerende goederen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Kolverenheidestraat 4 registered office 3520 Zonhoven | 01-12-2020 | 2.310.953.239 |
1 former office
- Kruiswegstraat 2 bus 12, 3550 Heusden-Zolder until 01-10-2021 · deed of 09-11-2021
Buildings and parcels at the address
- Ground area
- 1,086 m²
- Buildings
- 144 m²
- Volume, LiDAR
- 16 m³
- Tallest building
- 2.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71066A1028/00B000 | 1,085 m² | 1 · 144 m² | 2.0 m |