MICOD
ActiveMICOD has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €24k. Equity is shrinking by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 81% of 9389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
97
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+40
Solvency100▲+34
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 4.47 against 1.34 in 2024; short-term debt: 17.2% and cash: 52.2% of total assets), and 17.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
82.8%
Return on assets
26.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €75k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
9 d early
2023
8 d early
2022
28 d late
2021
17 d early
2020
17 d late
2019
61 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▲ 47.1%
2024 · €51k
2018: €73k
2019: €66k
2020: €86k
2021: €76k
2022: €67k
2023: €57k
2024: €51k
2018 → 2025
Total assets
€91k▼ 26.8%
2024 · €124k
2018: €109k
2019: €108k
2020: €118k
2021: €92k
2022: €100k
2023: €85k
2024: €124k
2018 → 2025
Net result
€24k
2024 · €-6k
2018: €2k
2019: €-7k
2020: €20k
2021: €-10k
2022: €-9k
2023: €-9k
2024: €-6k
2018 → 2025
Working capital
€54k▲ 135%
2024 · €23k
2018: €62k
2019: €57k
2020: €79k
2021: €74k
2022: €35k
2023: €25k
2024: €23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€76k-€67k▼ 12.5%€57k▼ 14.1%€51k▼ 11.1%€75k▲ 47.1%
Operating result€-10k-€-8k▲ 16.2%€-8k▼ 0.2%€-5k▲ 37.5%€27k
Net result€-10k-€-9k▲ 12.4%€-9k▼ 5.7%€-6k▲ 32.3%€24k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €5k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€21k▼ 35.8%
Current assets
€70k▼ 23.6%
Equity and liabilities €91k
Equity
€75k▲ 47.1%
Debt
€16k▼ 78.6%
The debt ratio falls from 58.8% to 17.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38k▲
2024 · €7k
Cash flow
€36k▲
2024 · €5k
Solvency
82.8%▲
2024 · 41.2%
Current ratio
4.47▲
2024 · 1.34
Quick ratio
4.12▲
2024 · 1.28
Debt / equity
0.21▼
2024 · 1.43
ROE
32.0%▲
2024 · -12.5%
ROA
26.5%▲
2024 · -5.1%
Interest coverage
75.48▲
2024 · 5.73
Debt
€16k▼
2024 · €73k
Debt ≤ 1 year
€16k▼
2024 · €68k
Income taxes
€3k▲
2024 · €180
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€124k€91k▼
Fixed assets21/28€32k€21k▼
Tangible fixed assets22/27€32k€21k▼
Land and buildings22€404€249▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€27k€16k▼
Current assets29/58€91k€70k▼
Stocks and contracts in progress3€4k€5k▲
Stocks30/36€4k€5k▲
Amounts receivable within one year40/41€2k€15k▲
Trade receivables40€2k€7k▲
Other amounts receivable41-€8k
Cash at bank and in hand54/58€84k€47k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€124k€91k▼
Equity10/15€51k€75k▲
Contributions10/11€19k€19k=
Reserves13€2k€26k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€24k
Profit (loss) carried forward14€31k€31k=
Amounts payable17/49€73k€16k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€68k€16k▼
Current portion of amounts payable after more than one year42€8k€5k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€52k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-443€-1k▼
Other operating charges640/8€935€930▼
Gross operating margin9900€7k€38k▲
Operating profit (loss)9901€-5k€27k▲
Financial income75/76B€122€439▲
Recurring financial income75€122€439▲
Financial charges65/66B€1k€506▼
Recurring financial charges65€1k€506▼
Profit (loss) for the period before taxes9903€-6k€27k▲
Income taxes67/77€180€3k▲
Profit (loss) for the period9904€-6k€24k▲
Profit (loss) for the period to be appropriated9905€-6k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€55k▲
Profit (loss) brought forward from the previous period14P€37k€31k▼
Transfer to equity691/2-€24k
To other reserves6921-€24k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €24k
Net result €24k after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.47
Current ratio from 1.34 to 4.47; short-term debt falls from €68k to €16k.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-10k ▼150%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, La Louvière · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Hamoir(L.L) 597100 La LouvièreGround area
251 m²
Building footprint
115 m²
Volume, LiDAR
1,158 m³
2 parcels, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
COMPUTER-SERVICES
since 19892.042.685.287
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372C0059/00F099 | Wallonia | 149 m² | 1 · 69 m² | 10.5 m · 3 fl. |
| 55022A0471/00F025 | Wallonia | 103 m² | 1 · 46 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WVK Woning Analyse
BE 1000.447.607
Asse · Eq €75k
Beck Energy Solutions
BE 0803.814.551
Beveren-Kruibeke-Zwijndrecht · Eq €75k
STUDIEBUREAU WILLEMS
BE 0758.807.739
Ravels · Eq €75k
INDICATOR
BE 0802.252.851
Villers-la-Ville · Eq €75k
LUMA REAL ESTATE
BE 0844.058.168
Halle · Eq €75k
Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 5,147 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-03-1989
Fiscal year end31-12
Trade name FR
COMPUTER - SERVICES
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.