Liquidity
0.24 was 1.00 in 2024
Short-term debts fell from €20,070 to €16,859.
Lost in Code
Overview
Lifetime
4 annual accounts with figures on one time axispeak €20,407 (2024)
-€11,493▼ €31,900
lowest -€12,768 (2025)
-€12,768▼ €20,979
peak €26,621 (2024)
€13,853▼ 48.0%
€16,859▼ 16.0%
Board1 name since 2021
1 director
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €20,407 to -€11,493Loss of €12,768Equity from €26,621 to €13,853Debts from €20,070 to €16,859Cash from €3,651 to €873
Key points
from the 2025 annual accountsFilings
4 annual accounts 4 late
The 2022 accounts came latest: 31 days after the end of the period.
Position in the sector
-€12,768
Lower net result than 91% of companies in computer programming and consultancy. Sector median €28,031 · 22,044 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,592 companies had the same profile as Lost in Code has now. Each dot stands for 9 companies, two years later.
87.4%
were still trading
9.4%
stopped another way
3.0%
went bankrupt
Another 0.3% 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 3,592 companies, not a prediction for Lost in Code. 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 0208:0773691497
Incorporation
Founder: · 100 shares · Appointment: (director) · published on 13-09-2021 · Gazette deed
First establishment
Hendrik Waelputstraat 21, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Lost in Code Ghent | €30,712 | -€11,493 | 45.1% | - |
| Cyber Enterprise Modelling Lebbeke | €33,316 | -€36,430 | 57.2% | - |
| ThoSo IT Ghent | €32,585 | -€2,098 | 87.0% | - |
| ENT Studios Meta Ghent | €29,707 | -€24,885 | -129.4% | - |
| ELAM-IT Sint-Niklaas | €29,820 | -€2,125 | 84.3% | - |
| PERIF INFORMATIQUE BELGIQUE Ixelles | €32,105 | -€7,184 | 44.9% | - |
| Lucky Lois Bertem | €31,089 | -€4,311 | 14.0% | - |
These companies have the same main activity as Lost in Code: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €29,700 and €33,300, founded between 2020 and 2022.
Official details
Source: KBO- Status
- Active since 09-09-2021Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.321.483.7769000 Ghent, since 09-09-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 30-09-2025
Annual accounts 2025
- -€11,493
- €12,768
- €13,853▼ 48.0%
- €30,712▼ 34.2%
- Filing
- Filed on 28-08-2026
Insights on Lost in Code
Lost in Code files the micro format. That format states no turnover. The gross margin fell from €14,305 in 2022 to -€11,493 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 28-08-2026, 28 days late-€11,493
▼ €31,900
-€12,521
▼ €24,285
-€12,768
▼ €20,979
-€12,863
▼ €12,768
45.1%
▼ 11.9 percentage points
0.24
▼ 0.76
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €30,712 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
45.1%
Higher than 38% of 22,039 companies in 2025.
0.24
Lower than 95% of 21,339 companies in 2025.
-41.6%
Lower than 95% of 21,530 companies in 2025.
Lost in Code
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
30,712 | 46,692 | 39,875 | 27,582 | |
21/28 |
26,716 | 26,716 | 11,587 | 7,462 | |
22/27 |
25,923 | 25,923 | 11,587 | 7,462 | |
23 |
2,090 | 2,090 | - | - | |
24 |
11,754 | 11,754 | 8,311 | 3,180 | |
26 |
12,080 | 12,080 | 3,276 | 4,283 | |
28 |
793 | 793 | - | - | |
29/58 |
3,997 | 19,976 | 28,289 | 20,119 | |
29 |
82 | 200 | - | - | |
290 |
0 | 200 | - | - | |
291 |
82 | - | - | - | |
40/41 |
1,498 | 15,019 | 11,459 | 18,633 | |
40 |
629 | 13,818 | 7,406 | 18,569 | |
41 |
869 | 1,200 | 4,053 | 64 | |
54/58 |
873 | 3,651 | 15,766 | 1,088 | |
490/1 |
1,543 | 1,106 | 1,064 | 398 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
30,712 | 46,692 | 39,875 | 27,582 | |
10/15 |
13,853 | 26,621 | 19,211 | 9,784 | |
10/11 |
2,500 | 2,500 | 2,500 | 2,500 | |
14 |
11,353 | 24,121 | 16,711 | 7,284 | |
17/49 |
16,859 | 20,070 | 20,665 | 17,797 | |
42/48 |
16,859 | 20,070 | 20,665 | 17,797 | |
42 |
125 | 433 | 2,264 | 3,612 | |
44 |
1,964 | 1,770 | 7,338 | 3,494 | |
440/4 |
1,964 | 1,770 | 7,338 | 3,494 | |
45 |
217 | 3,035 | 4,883 | 5,185 | |
450/3 |
217 | 3,035 | 4,883 | 5,185 | |
47/48 |
14,553 | 14,832 | 6,181 | 5,506 | |
| Income statement | |||||
9900 |
-11,493 | 20,407 | 16,458 | 14,305 | |
630 |
0 | 5,954 | 2,135 | 1,794 | |
640/8 |
1,028 | 1,274 | 563 | 1,313 | |
66A |
0 | 1,416 | - | - | |
9901 |
-12,521 | 11,764 | 13,760 | 11,198 | |
75/76B |
42 | 33 | 0 | 0 | |
75 |
42 | 33 | 0 | 0 | |
65/66B |
71 | 61 | 151 | 337 | |
65 |
71 | 61 | 151 | 337 | |
9903 |
-12,550 | 11,735 | 13,609 | 10,862 | |
67/77 |
218 | 3,525 | 4,183 | 3,577 | |
9904 |
-12,768 | 8,211 | 9,426 | 7,284 | |
9905 |
-12,768 | 8,211 | 9,426 | 7,284 | |
| Appropriation of the result | |||||
9906 |
11,353 | 24,921 | 16,711 | 7,284 | |
14P |
24,121 | 16,711 | 7,284 | - | |
694/7 |
0 | 800 | - | - | |
694 |
0 | 800 | - | - | |
| Document | |||||
The notes to these accounts have 9 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 28-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 28 days after the deadline. Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00442081.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -12,521 | 17,718 | 15,895 | 12,992 | ||
| -12,768 | 14,165 | 11,561 | 9,078 | ||
| 0 | 23,418 | 6,259 | 9,256 | ||
| -2,777 | -12,115 | 14,678 | - | ||
| -12,863 | -95 | 7,624 | 2,322 | ||
| 45.1% | 57.0% | 48.2% | 35.5% | ||
| 0.24 | 1.00 | 1.37 | 1.13 | ||
| 1.22 | 0.75 | 1.08 | 1.82 | ||
| -92.2% | 30.8% | 49.1% | 74.4% | ||
| -41.6% | 17.6% | 23.6% | 26.4% | ||
| -175.47 | over 100 | over 100 | 38.57 |
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 |
|---|---|---|---|---|
| Tangible fixed assets | - | €22,626 | €6,259 | €9,256 |
| Financial fixed assets | €0 | €793 | - | - |
| €0 | €5,954 | €2,135 | €1,794 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Lost in Code
The operating result for 2025 is a loss of €12,521, after a profit of €11,764 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 43.0% to 54.9%. Equity and debt are lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 13-09-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 28-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 13-09-2021
Mandates through the years
1 name, the dashed line is todayDirector (not named in the articles)
Board
Mandates as a list
-
- Director (not named in the articles), appointed by deed of 13-09-2021, still in office
Control
Founder
This company
Lost in Code
Equity €13,853
Loss €12,768 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- €139 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 13-09-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, niet-statutaire bestuurder herroepbaar ad nutum bij besluit algemene vergadering zonder recht op vergoeding”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 18:00
Shareholders
At incorporation
deed of 13-09-2021 ↗
- 100 shares (100%)
Network & group
No group
Lost in Code has no parent and no holdings in its annual accounts. is the only director.
At the same address
Hendrik Waelputstraat 21, 9000 Ghent · 1 other company| En-El
establishment since 01-08-1964 · founded in 1964 · negative equity (2025) |
total assets €7,817 (2025) 0401.071.145 |
Earlier ties
via , no longer at · Manager (not named in the articles) · deed of 13-09-2018 No longer active |
total assets €94,938 (2024) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
9 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 28 days late
2025
Weakest financial year net -€12,768 The net result drops to -€12,768, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0773691497
Annual accounts 2024 filed PDFmicro format · 18 days late
2024
Annual accounts 2023 filed PDFmicro format · 29 days late
2023
Highest result from 2022 to 2025 net €9,426 ▲29.4% The operating result of €13,760 and the net result of €9,426 are both a record.
Annual accounts 2022 filed PDFmicro format · 31 days late
2021
IncorporationFounder: · 100 shares · Appointment: (director) · published on 13-09-20215 points ▸
- Founder,
- 100 shares
- Registered office clause, Hendrik Waelputstraat 21, 9000 Gent
- Board rule, 1
- Director appointment, (director (not named in the articles))
- The deed holds 3 more points.
First establishment Hendrik Waelputstraat 21, Ghent
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
Company details
Identity
- Enterprise number
- 0773.691.497
- VAT number
- BE 0773.691.497
- Peppol ID
- 0208:0773691497
- Other Peppol ID
- 9925:BE0773691497
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-09-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Saturday of June at 18:00deed of 13-09-2021 (in Dutch)
- Peppol
- Reachable since 30-09-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Lost in Code in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-09-2021 (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.
- “Hendrik Waelputstraat 21, 9000 Gent”deed of 13-09-2021 (in Dutch)
Activities
NACEBEL 202562200
Computer consultancy and computer facilities management main activity
62100
Computer programming
Codes under NACEBEL 2008
62020
IT consultancy main activity
62010
Computer programming, consultancy and related activities
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Software ontwikkelen,aankopen,verkopen,verhuren,promoten,onderhouden en aanpassen met inbegrip van alle hieraan verbonden…”deed of 13-09-2021 (in Dutch)
20 activities
- Software ontwikkelen,aankopen,verkopen,verhuren,promoten,onderhouden en aanpassen met inbegrip van alle hieraan verbonden boekhoudkundige,sociale en fiscale diensten.
- Alle prestaties,raadgevingen,diensten en producten op het gebied van informatica leveren,meer bepaald het creëren en beheer van computer werkplaatsen en aanverwante diensten,het uitwerken van leveren van computerprogramma’s,het geven van opleiding,evenals het afsluiten van contracten voor studies,expertises,ramingen,ontwikkeling en- raadgevingen op het gebied van informatica.
- Het ontwikkelen van websites,webapplicaties,desktop applicaties of server applicaties in zijn breedste vorm.Dit kan variëren van mobiele apps tot windows services die draaien op een server.
- Het hosten van deze applicaties.
- Het hosten van websites,verhuren van servers en het onderhoud ervan in zijn breedste vorm.
- Het aankopen en onderhouden van domeinnamen.
- Het uitbesteden van informaticaprojecten aan andere ondernemingen.
- Het beheer en of management van projecten in de Informatica in zijn breedste vorm.Dit kan variëren van project manager tot scrum manager tot hoofd van een IT-afdeling.
- Het opzetten van online platformen die een bepaalde dienst aanlevert aan bedrijven of particulieren.
- Het hosten,beheren,ontwikkelen en uitbaten van een webshop in zijn breedste vorm.
- Het verlenen van advies aan de gebruikers over soorten computers (hardware) en hun configuratie en de toepassing van bijhorende programmatuur (software).
- Het ontwerpen en voeren van reclame- en promotiecampagnes voor derde via verschillende media.
- Activiteiten van grafische designers.
- Verhuur en lease van kantoormachines,inclusief computers.
- Organisatie van congressen en beurzen.
- Designen van websites,webapplicaties,mobiele applicaties,desktop applicaties.
- Het ontwerpen van branding,logo’s,reclamecampagne’s,stijlgidsen en huisstijlen.Dit omvat ook de ontwikkeling en uitvoering van bovenvermelde onderwerpen.
- Het hosten,beheren,ontwikkelen en uitbaten van een webshop.
- Geven van diverse soorten opleidingen & bijstand en kookworkshops
- Verhuur,groot- en kleinhandel van springkastelen,eventgerief,aanhangwagens,machineverhuur,stellingen,signalisatie,enzoverder.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hendrik Waelputstraat 21 registered office 9000 Ghent | 09-09-2021 | 2.321.483.776 |
Buildings and parcels at the address
- Ground area
- 126 m²
- Buildings
- 111 m²
- Volume, LiDAR
- 889 m³
- Tallest building
- 14.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44804D2672/00X002 | 126 m² | 1 · 111 m² | 14.3 m · 3 |