Equity
Law & Code has made a profit without a break since 2022.
Law & Code has made a profit without a break since 2022.
The result fell in 2025: different schema filed.
Law & Code pays its suppliers 46 days later than in 2024.
Short-term debts fell from €10,988 to €3,680.
The 2024 accounts came latest: 26 days after the end of the period.
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 43% on liquidity, 38% on profitability and 65% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Liquidity is ample, with a current ratio of 44.2 (15.98 in 2024), above the usual 1.5. Short-term debt is 0.7% and cash 0.8% of total assets. 0.7% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 9 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Shares in 3 companies, including Law Is Code and Cronos Legal
Board & ownershipLaw & Code has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €541,782 and a net result of €39,345, with €49,597 of non-recurring income.
Equity has been growing by about 61% per year since 2020. The computed 12-month bankruptcy probability is 0.2% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
545,462 | 513,425 | 339,564 | 161,780 | 53,379 | 53,499 | |
21/28 |
382,827 | 337,830 | 157,501 | 157,501 | 43,401 | 43,401 | |
28 |
382,827 | 337,830 | 157,501 | 157,501 | 43,401 | 43,401 | |
29/58 |
162,635 | 175,595 | 182,063 | 4,279 | 9,978 | 10,098 | |
40/41 |
157,990 | 171,441 | 177,865 | - | - | 735 | |
40 |
2,411 | - | 292 | - | - | - | |
41 |
155,579 | 171,441 | 177,573 | - | - | 735 | |
54/58 |
4,593 | 4,155 | 4,147 | 4,279 | 9,978 | 9,363 | |
490/1 |
52 | - | 52 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
545,462 | 513,425 | 339,564 | 161,780 | 53,379 | 53,499 | |
10/15 |
541,782 | 502,437 | 336,574 | 153,535 | 43,691 | 50,764 | |
10/11 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | - | |
100 |
62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
13 |
479,200 | 440,200 | 271,200 | 91,535 | - | - | |
130/1 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | |
130 |
6,200 | 6,200 | 6,200 | 6,200 | - | - | |
133 |
473,000 | 434,000 | 265,000 | 85,335 | - | - | |
14 |
582 | 237 | 3,374 | - | -18,309 | -11,236 | |
17/49 |
3,680 | 10,988 | 2,991 | 8,245 | 9,688 | 2,735 | |
42/48 |
3,680 | 10,988 | 2,991 | 8,245 | 9,688 | 2,735 | |
44 |
3,680 | 10,988 | 2,991 | 2,307 | 2,144 | 2,735 | |
440/4 |
3,680 | 10,988 | 2,991 | 2,307 | 2,144 | 2,735 | |
47/48 |
- | - | - | 5,938 | 7,544 | - | |
| Income statement | |||||||
70 |
- | 126,675 | - | - | - | - | |
9900 |
-12,664 | 59,483 | -9,156 | -6,535 | -6,107 | -8,041 | |
60/61 |
12,664 | 67,191 | 9,156 | 6,535 | 6,107 | 8,041 | |
62 |
- | - | - | 121 | 115 | 146 | |
630 |
- | - | - | - | - | 1,336 | |
640/8 |
682 | 665 | 850 | 604 | 610 | 1,532 | |
9901 |
-13,346 | 58,818 | -10,006 | -7,260 | -6,831 | -11,055 | |
75/76B |
52,800 | 207,903 | 193,364 | 117,600 | - | - | |
75 |
3,203 | 207,903 | 193,364 | - | - | - | |
76B |
49,597 | - | - | 117,600 | - | - | |
65/66B |
108 | 100,858 | 319 | 497 | 242 | 181 | |
65 |
108 | 100,858 | 319 | 497 | 242 | 181 | |
9903 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
9904 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
9905 |
39,345 | 165,863 | 183,039 | 109,844 | -7,073 | -11,236 | |
| Appropriation of the result | |||||||
9906 |
39,582 | 169,237 | 183,039 | 91,535 | -18,309 | -11,236 | |
14P |
237 | 3,374 | - | -18,309 | -11,236 | - | |
691/2 |
39,000 | 169,000 | 179,665 | 91,535 | - | - | |
6920 |
- | - | - | 6,200 | - | - | |
6921 |
39,000 | 169,000 | 179,665 | 85,335 | - | - | |
| Document | |||||||
The notes to these accounts have 4 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 24-08-2026.
2025 annual accounts filed 24 days after the deadline. Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425260.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-08-2026 | 2026-00425260 | |
| 31-12-2024 | abbreviated format | 26-08-2025 | 2025-00422857 | |
| 31-12-2023 | abbreviated format | 14-08-2024 | 2024-00353604 | |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00313559 | |
| 31-12-2021 | abbreviated format | 05-08-2022 | 2022-20276722 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34400577 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -9,719 | ||
| - | - | - | - | - | -9,900 | ||
| 45,000 | 4.9m | - | 157,500 | - | 43,401 | ||
| 438 | 8 | -132 | -5,699 | 615 | - | ||
| 158,955 | 164,607 | 179,073 | -3,966 | 290 | 7,363 | ||
| - | 46.4% | - | - | - | - | ||
| 99.3% | 97.9% | 99.1% | 94.9% | 81.9% | 94.9% | ||
| 44.20 | 15.98 | 60.88 | 0.52 | 1.03 | 3.69 | ||
| 0.01 | 0.02 | 0.01 | 0.05 | 0.22 | 0.05 | ||
| 7.3% | 33.0% | 54.4% | 71.5% | -16.2% | -22.1% | ||
| 7.2% | 32.3% | 53.9% | 67.9% | -13.3% | -21.0% | ||
| - | 494 days | - | - | - | - | ||
| 106 days | 60 days | 119 days | 129 days | 128 days | 124 days |
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.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Financial fixed assets | €45,000 | €4.9m | - | €157,500 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,346, after a profit of €58,818 in 2024. It is the lowest result since 2020.
Debt's share of the balance-sheet total falls from 2.1% to 0.7%. Equity is higher and debt is lower.
Further up the chainNuclys 95.22%
Source: shareholder structure in its own accounts
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
Part of the group Nuclys Group, risk and exposure| Nuclys
establishment since 21-11-2003 · founded in 2003 |
18 FTE (2025) 0861.290.318 |
| FleXSo
establishment since 23-06-2004 · founded in 2004 · group Nuclys |
116 FTE (2025) 0865.716.288 |
| CrossPoint Solutions
registered office since 14-06-2006 · founded in 2006 · group Nuclys |
12 FTE (2025) 0881.854.615 |
| Cloudar
registered office since 16-10-2014 · founded in 2014 · group Nuclys |
37 FTE (2025) 0564.763.890 |
| iRelate
registered office since 14-01-2005 · founded in 2005 · group Nuclys |
turnover €22.4m (2025) 0871.221.633 |
| Flexso Digital
registered office since 24-10-2008 · founded in 2008 · group Nuclys |
69 FTE (2025) 0807.353.863 |
| XGD
registered office since 25-07-2014 · founded in 2014 · group Nuclys |
turnover €990,900 (2025) 0557.979.137 |
| XPLORE
registered office since 10-04-1998 · founded in 1998 · group Nuclys |
23 FTE (2025) 0463.135.408 |
| HRMC
registered office since 24-01-2011 · founded in 2011 · group Nuclys |
10 FTE (2025) 0833.198.821 |
| EpicData
registered office since 26-11-2004 · founded in 2004 · group Nuclys |
43 FTE (2025) 0870.206.893 |
Source for every holding own accounts 2025
Law & Code or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 11 September 2019, Law & Code was incorporated as a public limited company.1 De Cronos Groep has served as sole director since 2019.2 Total assets went from €53,499 in 2020 to €545,462 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Veldkant 33 A registered office 2550 Kontich 64210 Activities of holding companies | 11-09-2019 | 2.297.802.118 |
If something looks wrong or is missing, please tell us.