Equity
€120,537 ▲ 157%
Equity rose in 2025 from €46,940 to €120,537.
N. CODE
Lifetime
6 annual accounts with figures on one time axispeak €96,498 (2025)
€96,498▲ 21.2%
peak €67,447 (2025)
€67,447▲ 30.0%
peak €120,537 (2025)
€120,537▲ 157%
€28,056▼ 58.3%
Board1 name since 2019
1 directorVERHOEVEN Douglas Leo Isabel
Documentsfilings and deeds
30-01-20261 day before the deadline
2025micro format
Gross margin from €79,646 to €96,498Result from €51,888 to €67,447Equity from €46,940 to €120,537Debts from €67,273 to €28,056Investments €5,373Cash from €121,534 to €169,328
Key points
from the 2025 annual accountsTurnover
≈ €180,000 estimated
The micro format states no turnover.
Investments
€5,373 6.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
6.85 was 2.35 in 2024
Short-term debts fell from €67,273 to €27,905.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 1 to 28 days before the end of the period.
Position in the sector
€67,447
Higher net result than 82% of companies in computer programming and consultancy. Sector median €28,568 · 21,214 companies.
Checked score
97
Excellent
Financially stronger than 79% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025highest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 6.85, cash €169,328
Sector: Computer programming, consultancy and related activities (NACE 62)
Size: total assets €198,906
Equity €120,537 (60.6% of total assets)
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 62, micro). It does better than 53% of them on solvency, 88% on liquidity, 82% on profitability and 94% on growth.
The bankruptcy probability was computed on 09-11-2026 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 30-06-2025.
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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as N. CODE has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of N. CODE itself is lower: < 0.1% within 12 months. It rests on far more data about N. CODE than the profile alone.
Test of the method
The method was tested on the 497,447 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 26,972 companies, not a prediction for N. 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 of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.85 (2.35 in 2024), above the usual 1.5. Short-term debt is 14% and cash 85.1% of total assets. 39.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 30-01-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 day early
2024
22 days early
2023
28 days early
2022
1 day early
2021
11 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 11 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 20 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end10-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0718660330
Legal-form change · Resignations & appointments
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 29-08-2023 · Gazette deed
First establishment
Steenwagenstraat 25, Steenokkerzeel
Incorporation
Founder: VERHOEVEN Douglas Leo Isabel · Capital of €18,550, 100 shares, €12,400 paid up · Appointment: VERHOEVEN Douglas Leo Isabel (manager) · published on 16-01-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| N. CODE Steenokkerzeel | €198,906 | €96,498 | 60.6% | - |
| ATHARV TECH SOLUTIONS Grimbergen | €194,672 | €88,467 | 61.6% | - |
| SapSavvy Rotselaar | €202,799 | €106,867 | 9.1% | - |
| Yeager Kortenberg | €192,696 | €107,178 | 24.7% | - |
| NSA Xperience Sint-Pieters-Leeuw | €223,859 | €89,232 | 74.5% | - |
| 4B Consulting Begijnendijk | €205,879 | €107,093 | 38.9% | - |
| FINIKS Begijnendijk | €214,961 | €105,041 | 32.4% | - |
These companies have the same main activity as N. CODE: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €193,000 and €224,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 14-01-2019Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 2 others
- Establishment unit
- 2.284.442.7431820 Steenokkerzeel, since 22-01-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 28-08-2026
Annual accounts to 30-06-2025
- €198,906▲ 23.3%
- Filing
- Filed on 30-01-2026, 1 day before the end of the filing period
Insights on N. CODE
N. CODE files the micro format. That format states no turnover. The gross margin rose from €26,593 in 2020 to €96,498 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about N. CODE
- What is the company number of N. CODE?
- The company number of N. CODE is 0718.660.330. The VAT number is the same number with BE in front: BE 0718.660.330.
- Where is N. CODE based?
- The registered office is at Steenwagenstraat 25, 1820 Steenokkerzeel.Company details
- What does N. CODE do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of N. CODE?
- N. CODE is a private limited company (BV).
- When was N. CODE founded?
- N. CODE was founded on 14-01-2019.
- Is N. CODE still active?
- Yes, N. CODE is an active enterprise in the KBO register.
- What is the turnover of N. CODE?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €96,498 and 60 comparable companies (NACE 62200). It probably lies between €170,000 and €240,000.Financials
- Is N. CODE profitable?
- In financial year 2025, N. CODE made a profit of €67,447.
- Where can I find the annual accounts of N. CODE?
- N. CODE filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of N. CODE due?
- N. CODE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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