KODESK
ActiveSummary
KODESK has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €73k. Equity is growing by ~24.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 1906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-2
Solvency66▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 1.64 against 1.52 in 2024; short-term debt: 15.5% and cash: 6.7% of total assets), but 59.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
40.6%
Return on assets
10%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-12-2025, 33 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
33 d early
2024
46 d early
2023
29 d early
2022
on the day
2021
23 d late
2020
1 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€298k▲ 14.3%
2024 · €261k
2019: €86klowest in 7 years
2020: €109k▲ +26.7% vs 2019
2021: €125k▲ +14.8% vs 2020
2022: €161k▲ +29.4% vs 2021
2023: €209k▲ +29.6% vs 2022
2024: €261k▲ +24.9% vs 2023
2025: €298k▲ +14.3% vs 2024highest in 7 years
2019 → 2025
Total assets
€734k▼ 0.4%
2024 · €737k
2019: €149klowest in 7 years
2020: €192k▲ +29.4% vs 2019
2021: €675k▲ +251% vs 2020
2022: €689k▲ +2.1% vs 2021
2023: €699k▲ +1.5% vs 2022
2024: €737k▲ +5.4% vs 2023highest in 7 years
2025: €734k▼ -0.4% vs 2024
2019 → 2025
Net result
€73k▼ 10.5%
2024 · €82k
2019: €20k
2020: €24k▲ +20.9% vs 2019
2021: €18k▼ -22.4% vs 2020lowest in 7 years
2022: €37k▲ +104% vs 2021
2023: €48k▲ +27.5% vs 2022
2024: €82k▲ +71.0% vs 2023highest in 7 years
2025: €73k▼ -10.5% vs 2024
2019 → 2025
Working capital
€73k▲ 10.9%
2024 · €66k
2019: €4k
2020: €6k▲ +40.9% vs 2019
2021: €-2k▼ -137% vs 2020lowest in 7 years
2022: €27k▲ +1328% vs 2021
2023: €22k▼ -19.2% vs 2022
2024: €66k▲ +204% vs 2023
2025: €73k▲ +10.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€125k-€161k▲ 29.4%€209k▲ 29.6%€261k▲ 24.9%€298k▲ 14.3%
2021: €125klowest in 5 years
2022: €161k▲ +29.4% vs 2021
2023: €209k▲ +29.6% vs 2022
2024: €261k▲ +24.9% vs 2023
2025: €298k▲ +14.3% vs 2024highest in 5 years
Operating result€33k-€65k▲ 98.4%€80k▲ 23.3%€116k▲ 45.7%€96k▼ 17.4%
2021: €33klowest in 5 years
2022: €65k▲ +98.4% vs 2021
2023: €80k▲ +23.3% vs 2022
2024: €116k▲ +45.7% vs 2023highest in 5 years
2025: €96k▼ -17.4% vs 2024
Net result€18k-€37k▲ 104%€48k▲ 27.5%€82k▲ 71.0%€73k▼ 10.5%
2021: €18klowest in 5 years
2022: €37k▲ +104% vs 2021
2023: €48k▲ +27.5% vs 2022
2024: €82k▲ +71.0% vs 2023highest in 5 years
2025: €73k▼ -10.5% 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 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €734k
Fixed assets
€547k ▲ 0.4%
Current assets
€187k ▼ 2.8%
Equity and liabilities €734k
Equity
€298k ▲ 14.3%
Debt
€436k ▼ 8.5%
Debt's share of the balance-sheet total falls from 64.6% to 59.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€118k▼
2024 · €139k
Cash flow
€95k▼
2024 · €104k
Current ratio
1.64▲
2024 · 1.52
Debt to equity
1.46▼
2024 · 1.83
ROE
24.5%▼
2024 · 31.3%
ROA
10.0%▼
2024 · 11.1%
Interest coverage
16.06▼
2024 · 17.09
Debt ≤ 1 year
€114k▼
2024 · €127k
Debt > 1 year
€320k▼
2024 · €350k
Income taxes
€18k▼
2024 · €27k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€737k€734k▼
Fixed assets21/28€545k€547k▲
Tangible fixed assets22/27€539k€541k▲
Land and buildings22€521k€530k▲
Plant, machinery and equipment23€10k€11k▲
Furniture and vehicles24€8k-
Financial fixed assets28€6k€6k=
Current assets29/58€193k€187k▼
Amounts receivable within one year40/41€37k€32k▼
Trade receivables40€19k€21k▲
Other amounts receivable41€18k€11k▼
Current investments50/53€49k€91k▲
Cash at bank and in hand54/58€104k€49k▼
Deferred charges and accrued income490/1€3k€14k▲
Equity and liabilities
Total equity and liabilities10/49€737k€734k▼
Equity10/15€261k€298k▲
Contributions10/11€19k€19k=
Reserves13€170k€144k▼
Distributable reserves133€170k€144k▼
Profit (loss) carried forward14€72k€135k▲
Amounts payable17/49€476k€436k▼
Amounts payable after more than one year17€350k€320k▼
Financial debts170/4€350k€320k▼
Amounts payable within one year42/48€127k€114k▼
Current portion of amounts payable after more than one year42€29k€29k▲
Trade debts44€8k€21k▲
Suppliers440/4€8k€21k▲
Taxes, remuneration and social security45€60k€30k▼
Taxes450/3€58k€29k▼
Remuneration and social security454/9€2k€640▼
Other amounts payable47/48€30k€34k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A-€16
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€22k▼
Other operating charges640/8€2k€422▼
Gross operating margin9900€141k€118k▼
Operating profit (loss)9901€116k€96k▼
Financial income75/76B€3€2k▲
Recurring financial income75€3€2k▲
Non-recurring financial income76B€3€9▲
Financial charges65/66B€8k€7k▼
Recurring financial charges65€8k€7k▼
Non-recurring financial charges66B€119€63▼
Profit (loss) for the period before taxes9903€108k€91k▼
Income taxes67/77€27k€18k▼
Profit (loss) for the period9904€82k€73k▼
Profit (loss) for the period to be appropriated9905€82k€73k▼
Appropriation of the result
Profit (loss) to be appropriated9906€127k€146k▲
Profit (loss) brought forward from the previous period14P€45k€72k▲
Transfer from equity791/2€20k€24k▲
Transfer to equity691/2€44k-
To other reserves6921€44k-
Profit to be distributed694/7€30k€34k▲
Return on contributions (dividend)694€20k€24k▲
Directors or managers695€10k€10k▲
The notes to these accounts (11 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €36 | - | €16 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €17k | €19k | €22k | €22k | ▼ 2.4% |
| Other operating charges640/8 | - | €580 | €724 | €2k | €422 | ▼ 81.4% |
| Gross operating margin9900 | €48k | €83k | €100k | €141k | €118k | ▼ 16.1% |
| Operating profit (loss)9901 | €33k | €65k | €80k | €116k | €96k | ▼ 17.4% |
| Financial income75/76B | - | €0 | €1k | €3 | €2k | ▲ 73,433% |
| Recurring financial income75 | - | €0 | €1k | €3 | €2k | ▲ 73,151% |
| Non-recurring financial income76B | - | €0 | €3 | €3 | €9 | ▲ 182% |
| Financial charges65/66B | - | €8k | €8k | €8k | €7k | ▼ 10.1% |
| Recurring financial charges65 | €7k | €8k | €8k | €8k | €7k | ▼ 9.6% |
| Non-recurring financial charges66B | - | €197 | €126 | €119 | €63 | ▼ 47.1% |
| Profit (loss) for the period before taxes9903 | €26k | €57k | €73k | €108k | €91k | ▼ 15.9% |
| Income taxes67/77 | €7k | €19k | €25k | €27k | €18k | ▼ 32.5% |
| Profit (loss) for the period9904 | €18k | €37k | €48k | €82k | €73k | ▼ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €18k | €37k | €48k | €82k | €73k | ▼ 10.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €675k | €689k | €699k | €737k | €734k | ▼ 0.4% |
| Fixed assets21/28 | €527k | €546k | €566k | €545k | €547k | ▲ 0.4% |
| Intangible fixed assets21 | - | - | €6k | - | - | - |
| Tangible fixed assets22/27 | €509k | €516k | €517k | €539k | €541k | ▲ 0.4% |
| Land and buildings22 | - | €503k | €507k | €521k | €530k | ▲ 1.7% |
| Plant, machinery and equipment23 | - | €12k | €10k | €10k | €11k | ▲ 17.0% |
| Furniture and vehicles24 | - | - | - | €8k | - | - |
| Financial fixed assets28 | €18k | €30k | €43k | €6k | €6k | = |
| Current assets29/58 | €149k | €144k | €134k | €193k | €187k | ▼ 2.8% |
| Amounts receivable within one year40/41 | €89k | €68k | €23k | €37k | €32k | ▼ 13.5% |
| Trade receivables40 | - | €46k | €23k | €19k | €21k | ▲ 10.0% |
| Other amounts receivable41 | - | €21k | - | €18k | €11k | ▼ 38.6% |
| Current investments50/53 | - | - | - | €49k | €91k | ▲ 87.4% |
| Cash at bank and in hand54/58 | €58k | €73k | €109k | €104k | €49k | ▼ 52.4% |
| Deferred charges and accrued income490/1 | - | €3k | €875 | €3k | €14k | ▲ 403% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €675k | €689k | €699k | €737k | €734k | ▼ 0.4% |
| Equity10/15 | €125k | €161k | €209k | €261k | €298k | ▲ 14.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €61k | €98k | €146k | €170k | €144k | ▼ 15.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €96k | €144k | €170k | €144k | ▼ 15.0% |
| Profit (loss) carried forward14 | €45k | €45k | €45k | €72k | €135k | ▲ 86.6% |
| Amounts payable17/49 | €551k | €528k | €490k | €476k | €436k | ▼ 8.5% |
| Amounts payable after more than one year17 | €400k | €411k | €379k | €350k | €320k | ▼ 8.4% |
| Financial debts170/4 | - | €411k | €379k | €350k | €320k | ▼ 8.4% |
| Amounts payable within one year42/48 | €151k | €117k | €112k | €127k | €114k | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €28k | €28k | €29k | €29k | ▲ 1.7% |
| Trade debts44 | €61k | €13k | €8k | €8k | €21k | ▲ 151% |
| Suppliers440/4 | - | €13k | €8k | €8k | €21k | ▲ 151% |
| Taxes, remuneration and social security45 | - | €38k | €40k | €60k | €30k | ▼ 50.3% |
| Taxes450/3 | - | €33k | €38k | €58k | €29k | ▼ 49.7% |
| Remuneration and social security454/9 | - | €5k | €2k | €2k | €640 | ▼ 67.7% |
| Other amounts payable47/48 | - | €38k | €36k | €30k | €34k | ▲ 14.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €37k | €48k | €82k | €73k | ▼ 10.5% |
| + Depreciation and write-downs630 | €14k | €17k | €19k | €22k | €22k | ▼ 2.4% |
| Operating cash flow (approximation) | €33k | €55k | €67k | €104k | €95k | ▼ 8.7% |
| Investment in fixed assets (approximation) | - | €-36k | €-39k | €-1k | €-24k | ▼ 2,287% |
| Change in cash | - | €15k | €37k | €-6k | €-54k | ▼ 870% |
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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2019net €82k ▲71%
Operating result €116k, net result €82k, both a record.
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200kEq €209k ▲29.6%
5 profitable years in a row build equity to €209k.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €150kEq €161k ▲29.4%
4 profitable years in a row build equity to €161k.
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-06
Financial
Weakest financial yearnet €18k ▼22.4%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-06
Financial
Equity above €100kEq €109k ▲26.7%
2 profitable years in a row build equity to €109k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Assesse · 1 establishment unit since 2011
Ground area
1,899 m²
Building footprint
57 m²
Volume, LiDAR
362 m³
2 parcels, Wallonia · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Isabelle Brunell(Sart-B.) 8, 5330 Assesse
since 20112.200.750.450
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92109A0454/00N000 | Wallonia | 1,050 m² | - | - |
| 92109A0309/00A005 | Wallonia | 849 m² | 1 · 57 m² | 7.1 m · 2 fl. |
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 2,787 companies in sector 63910 we hold annual accounts for 699. 429 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
Founded18-05-2011
Fiscal year end30-06
Activities, NACEBEL 2025
63910Web portal activities
Scores and ratios are computed by Checked and are not a credit decision.