LICODE
ActiveSummary
LICODE has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €264,217 and a net result of €172,737. Its solvency ranks better than 64% of 13,716 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-05-2024 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 2 others
- Establishment unit
- 2.359.060.190 4770 Amel, since 03-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 08-05-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
- Gross margin
- €298,532
- ▲ 129%
- Turnover
- ≈ €1.5m
- estimated
- Profit
- €172,737
- ▲ 90.9%
- Equity
- €264,217
- ▲ 189%
- Total assets
- €456,538
- ▲ 213%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 2.99, cash €65,416Equity €264,217 (57.9% of total assets)Figures for financial year 2025 (filed on 30-07-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 (NACE 46, micro). It does better than 64% of them on solvency, 61% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 1 day before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 2 filings
2024 to 2025, 2 financial years
The operating result for 2025 is 103% higher than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| in full-time equivalents | 1 | 1 |
| Average over the year, in full-time equivalents | 0.3 | 1 |
| On a permanent contract | 1 | 1 |
| Joined | 1 | - |
| Left | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €22,528 | €38,952 |
| Depreciation and write-downs of the year | €2,633 | €9,178 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as LICODE: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €333,000 and €596,000, founded between 2023 and 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| LICODE Amel | 2024 | €456,538 | €264,217 | €298,532 | €172,737 | - | 2025 |
| Sol’VID Kortrijk | 2024 | €488,706 | €350,538 | €335,302 | €246,716 | - | 2025 |
| BRICS TRADE Brussel | 2023 | €497,267 | €70,224 | €319,313 | €60,224 | - | 2024 |
| ARTEMIDE BELGIUM Elsene | 2023 | €562,688 | -€73,900 | €234,842 | €4,698 | 1.8 | 2025 |
| DD Ventures Keerbergen | 2023 | €595,548 | €301,778 | €426,270 | €279,712 | - | 2025 |
| COUCKE INVEST Kortrijk | 2024 | €333,240 | €50,600 | €243,389 | €47,100 | - | 2025 |
| JULANTIQUES Hastière | 2023 | €378,825 | €162,395 | €198,651 | €133,654 | - | 2025 |
They were chosen from the 2,590 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as LICODE has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of LICODE itself is lower: 0.3% within 12 months. It rests on far more data about LICODE than the profile alone.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for LICODE. 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €9,204 | €46,887 | ▲ 409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,633 | €9,178 | ▲ 249% |
| Other operating charges640/8 | - | €1,056 | - |
| Gross operating margin9900 | €130,509 | €298,532 | ▲ 129% |
| Operating profit (loss)9901 | €118,672 | €241,412 | ▲ 103% |
| Financial charges65/66B | €1,750 | €10,202 | ▲ 483% |
| Recurring financial charges65 | €1,750 | €10,202 | ▲ 483% |
| Profit (loss) for the period before taxes9903 | €116,922 | €231,210 | ▲ 97.7% |
| Income taxes67/77 | €26,441 | €58,473 | ▲ 121% |
| Profit (loss) for the period9904 | €90,481 | €172,737 | ▲ 90.9% |
| Profit (loss) for the period to be appropriated9905 | €90,481 | €172,737 | ▲ 90.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €145,655 | €456,538 | ▲ 213% |
| Fixed assets21/28 | €19,895 | €49,668 | ▲ 150% |
| Tangible fixed assets22/27 | €19,895 | €49,668 | ▲ 150% |
| Plant, machinery and equipment23 | - | €34,088 | - |
| Furniture and vehicles24 | €19,895 | €15,581 | ▼ 21.7% |
| Current assets29/58 | €125,760 | €406,869 | ▲ 224% |
| Amounts receivable within one year40/41 | €51,185 | €297,098 | ▲ 480% |
| Trade receivables40 | €27,134 | €168,523 | ▲ 521% |
| Other amounts receivable41 | €24,051 | €128,574 | ▲ 435% |
| Cash at bank and in hand54/58 | €37,798 | €65,416 | ▲ 73.1% |
| Deferred charges and accrued income490/1 | €36,777 | €44,356 | ▲ 20.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €145,655 | €456,538 | ▲ 213% |
| Equity10/15 | €91,481 | €264,217 | ▲ 189% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €90,481 | €263,217 | ▲ 191% |
| Amounts payable17/49 | €54,174 | €192,320 | ▲ 255% |
| Amounts payable after more than one year17 | - | €56,250 | - |
| Financial debts170/4 | - | €56,250 | - |
| Amounts payable within one year42/48 | €54,174 | €136,070 | ▲ 151% |
| Current portion of amounts payable after more than one year42 | - | €18,750 | - |
| Trade debts44 | €8,959 | €4,986 | ▼ 44.3% |
| Suppliers440/4 | €8,959 | €4,986 | ▼ 44.3% |
| Taxes, remuneration and social security45 | €45,215 | €112,334 | ▲ 148% |
| Taxes450/3 | €41,665 | €110,516 | ▲ 165% |
| Remuneration and social security454/9 | €3,550 | €1,819 | ▼ 48.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €90,481 | €172,737 | ▲ 90.9% |
| + Depreciation and write-downs630 | €2,633 | €9,178 | ▲ 249% |
| Operating cash flow (approximation) | €93,114 | €181,915 | ▲ 95.4% |
| Investment in fixed assets (approximation) | - | -€38,952 | - |
| Change in cash | - | €27,618 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- JACOBS André Marie Claude Lorent 1,000 shares (100%) · €1,000
Capital transactions
- 07-05-2024 Incorporation · €1,000 · 1,000 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestimmte Dauer oder ohne bestimmte Dauer, Verwaltungsorgan”
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Jederzeit, Modalitäten einer Satzungsänderung”
Articles of association, deed of 07-05-2024 (in German)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
07-05
Gazette deed
IncorporationStarting capital €1,000 · Appointment: JACOBS André Marie Claude Lorent (verwalter) · Permanent representative: JACOBS André Marie Claude Lorent · Founder10 points ▸
- Founder, JACOBS André Marie Claude Lorent
- Incorporation, “LICODE” (deed in German)
- Founding capital, €1,000
- Bank account, 1000, “sich in Gründung befindliche Gesellschaft” (deed in German)
- Other provision, “Finanzplan und Anfangseigenkapital, Gründer” (deed in German)
- Registered office clause, “4770 Amel,Born,Rechter Straße 122” (deed in German)
- Director appointment, JACOBS André Marie Claude Lorent (verwalter)
- Board rule, 1, “Generalversammlung” (deed in German)
- Permanent representative, JACOBS André Marie Claude Lorent (ständiger vertreter)
- Other provision, “Veröffentlichung in Anlagen nach Hinterlegung bei Kanzlei, Name und Unterschrift der Vertretungsbefugten” (deed in German)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
LICODE was incorporated on 3 May 2024 as a private limited company by one natural person, with a starting capital of €1,000.12 JACOBS André Marie Claude Lorent is verwalter of the company, appointed in the act of 07-05-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
7 activities
- Die Vermittlung von Geschäften gegen Zahlung von Kommissionen;
- Den Erwerb und Verkauf sowie die Verwaltung von Aktien,Beteiligungen und Wertpapieren aller Art für den Eigenbedarf;
- Die Immobilienförderung,den Erwerb und Verkauf,die Vermietung und Untervermietung,Immobilienleasing,die Errichtung sowie die Verwaltung von Immobilien für den Eigenbedarf der Gesellschaft;
- Den Ankauf und Verkauf sowie die Verwaltung und Vermietung von Patenten,Rechten,Marken,Geschäftsfonds und allen anderen immateriellen Anlagewerten;
- Die Vermietung von Fahrzeugen,Maschinen,Güter und Gegenständen aller Art;
- Die Ausführung von Verwaltungsarbeiten,Beratungs- und Managementleistungen für Unternehmen,sowie von Mandaten in anderen Gesellschaften;
- Dienstleistungen aller Art in nicht geschützten Berufen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
Born,Rechter Straße 1224770 Amel