N. CODE
ActiveSummary
N. CODE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121k and a net result of €67k. Equity is growing by ~42.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency86▲+32
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.85 against 2.35 in 2024; short-term debt: 14% and cash: 85.1% of total assets), and 39.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
60.6%
Return on assets
33.9%
Age of the figures
15 mo
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 d early
2024
22 d early
2023
28 d early
2022
1 d early
2021
11 d early
2020
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€121k▲ 157%
2024 · €47k
2020: €18klowest in 6 years
2021: €20k▲ +10.1% vs 2020
2022: €36k▲ +84.4% vs 2021
2023: €45k▲ +23.6% vs 2022
2024: €47k▲ +4.4% vs 2023
2025: €121k▲ +157% vs 2024highest in 6 years
2020 → 2025
Total assets
€199k▲ 23.3%
2024 · €161k
2020: €77klowest in 6 years
2021: €81k▲ +5.6% vs 2020
2022: €105k▲ +29.5% vs 2021
2023: €131k▲ +25.0% vs 2022
2024: €161k▲ +22.9% vs 2023
2025: €199k▲ +23.3% vs 2024highest in 6 years
2020 → 2025
Net result
€67k▲ 30.0%
2024 · €52k
2020: €6k
2021: €2k▼ -67.1% vs 2020lowest in 6 years
2022: €17k▲ +817% vs 2021
2023: €9k▼ -48.4% vs 2022
2024: €52k▲ +505% vs 2023
2025: €67k▲ +30.0% vs 2024highest in 6 years
2020 → 2025
Working capital
€163k▲ 79.8%
2024 · €91k
2020: €30klowest in 6 years
2021: €43k▲ +43.2% vs 2020
2022: €73k▲ +71.1% vs 2021
2023: €84k▲ +14.7% vs 2022
2024: €91k▲ +8.3% vs 2023
2025: €163k▲ +79.8% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€20k-€36k▲ 84.4%€45k▲ 23.6%€47k▲ 4.4%€121k▲ 157%
2021: €20klowest in 5 years
2022: €36k▲ +84.4% vs 2021
2023: €45k▲ +23.6% vs 2022
2024: €47k▲ +4.4% vs 2023
2025: €121k▲ +157% vs 2024highest in 5 years
Operating result€6k-€25k▲ 319%€15k▼ 37.4%€74k▲ 379%€95k▲ 29.1%
2021: €6klowest in 5 years
2022: €25k▲ +319% vs 2021
2023: €15k▼ -37.4% vs 2022
2024: €74k▲ +379% vs 2023
2025: €95k▲ +29.1% vs 2024highest in 5 years
Net result€2k-€17k▲ 817%€9k▼ 48.4%€52k▲ 505%€67k▲ 30.0%
2021: €2klowest in 5 years
2022: €17k▲ +817% vs 2021
2023: €9k▼ -48.4% vs 2022
2024: €52k▲ +505% vs 2023
2025: €67k▲ +30.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199k
Fixed assets
€8k ▲ 138%
Current assets
€191k ▲ 20.9%
Equity and liabilities €199k
Equity
€121k ▲ 157%
Provisions
€50k ▲ 6.8%
Debt
€28k ▼ 58.3%
Debt's share of the balance-sheet total falls from 41.7% to 14.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96k▲
2024 · €79k
Cash flow
€68k▲
2024 · €57k
Current ratio
6.85▲
2024 · 2.35
Debt to equity
0.23▼
2024 · 1.43
ROE
56.0%▼
2024 · 110.5%
ROA
33.9%▲
2024 · 32.2%
Interest coverage
30.15▲
2024 · 25.12
Debt ≤ 1 year
€28k▼
2024 · €67k
Income taxes
€25k▲
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€161k€199k▲
Fixed assets21/28€3k€8k▲
Tangible fixed assets22/27€3k€8k▲
Furniture and vehicles24€3k€8k▲
Current assets29/58€158k€191k▲
Amounts receivable within one year40/41€36k€19k▼
Trade receivables40€17k€19k▲
Other amounts receivable41€18k-
Cash at bank and in hand54/58€122k€169k▲
Deferred charges and accrued income490/1€687€3k▲
Equity and liabilities
Total equity and liabilities10/49€161k€199k▲
Equity10/15€47k€121k▲
Contributions10/11€12k€19k▲
Profit (loss) carried forward14€35k€102k▲
Provisions and deferred taxes16€47k€50k▲
Provisions for liabilities and charges160/5€47k€50k▲
Other liabilities and charges164/5€47k€50k▲
Amounts payable17/49€67k€28k▼
Amounts payable within one year42/48€67k€28k▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€13k€17k▲
Taxes450/3€13k€14k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€50k€6k▼
Accrued charges and deferred income492/3-€151
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€881▼
Other operating charges640/8€384€387▲
Non-recurring operating charges66A€87-
Gross operating margin9900€80k€96k▲
Operating profit (loss)9901€74k€95k▲
Financial income75/76B€425€128▼
Recurring financial income75€425€128▼
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Non-recurring financial charges66B-€114
Profit (loss) for the period before taxes9903€71k€92k▲
Income taxes67/77€19k€25k▲
Profit (loss) for the period9904€52k€67k▲
Profit (loss) for the period to be appropriated9905€52k€67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€84k€102k▲
Profit (loss) brought forward from the previous period14P€33k€35k▲
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €11k | €10k | €5k | €881 | ▼ 83.7% |
| Other operating charges640/8 | - | - | €348 | €384 | €387 | ▲ 0.8% |
| Non-recurring operating charges66A | - | €81 | €92 | €87 | - | - |
| Gross operating margin9900 | €17k | €36k | €26k | €80k | €96k | ▲ 21.2% |
| Operating profit (loss)9901 | €6k | €25k | €15k | €74k | €95k | ▲ 29.1% |
| Financial income75/76B | - | - | €42 | €425 | €128 | ▼ 70.0% |
| Recurring financial income75 | €2 | - | €42 | €425 | €128 | ▼ 70.0% |
| Financial charges65/66B | - | €3k | €4k | €3k | €3k | ▲ 4.7% |
| Recurring financial charges65 | €3k | €3k | €4k | €3k | €3k | ▲ 1.1% |
| Non-recurring financial charges66B | - | - | - | - | €114 | - |
| Profit (loss) for the period before taxes9903 | €3k | €21k | €12k | €71k | €92k | ▲ 29.6% |
| Income taxes67/77 | €1k | €5k | €3k | €19k | €25k | ▲ 28.6% |
| Profit (loss) for the period9904 | €2k | €17k | €9k | €52k | €67k | ▲ 30.0% |
| Profit (loss) for the period to be appropriated9905 | €2k | €17k | €9k | €52k | €67k | ▲ 30.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €105k | €131k | €161k | €199k | ▲ 23.3% |
| Fixed assets21/28 | €26k | €15k | €5k | €3k | €8k | ▲ 138% |
| Tangible fixed assets22/27 | €26k | €15k | €5k | €3k | €8k | ▲ 138% |
| Furniture and vehicles24 | - | €15k | €5k | €3k | €8k | ▲ 138% |
| Current assets29/58 | €55k | €90k | €126k | €158k | €191k | ▲ 20.9% |
| Amounts receivable within one year40/41 | €40k | €30k | €17k | €36k | €19k | ▼ 48.0% |
| Trade receivables40 | - | €30k | €16k | €17k | €19k | ▲ 6.9% |
| Other amounts receivable41 | - | - | €37 | €18k | - | - |
| Cash at bank and in hand54/58 | €15k | €58k | €108k | €122k | €169k | ▲ 39.3% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €687 | €3k | ▲ 366% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €105k | €131k | €161k | €199k | ▲ 23.3% |
| Equity10/15 | €20k | €36k | €45k | €47k | €121k | ▲ 157% |
| Contributions10/11 | - | €12k | €12k | €12k | €19k | ▲ 49.6% |
| Profit (loss) carried forward14 | €7k | €24k | €33k | €35k | €102k | ▲ 195% |
| Provisions and deferred taxes16 | €48k | €52k | €44k | €47k | €50k | ▲ 6.8% |
| Provisions for liabilities and charges160/5 | - | €52k | - | €47k | €50k | ▲ 6.8% |
| Major repairs and maintenance162 | - | €52k | - | - | - | - |
| Other liabilities and charges164/5 | - | - | - | €47k | €50k | ▲ 6.8% |
| Deferred taxes168 | - | - | €44k | - | - | - |
| Amounts payable17/49 | €13k | €17k | €42k | €67k | €28k | ▼ 58.3% |
| Amounts payable within one year42/48 | €12k | €17k | €42k | €67k | €28k | ▼ 58.5% |
| Trade debts44 | €569 | €2k | €9k | €4k | €6k | ▲ 32.9% |
| Suppliers440/4 | - | €2k | €9k | €4k | €6k | ▲ 32.9% |
| Taxes, remuneration and social security45 | - | €14k | €12k | €13k | €17k | ▲ 26.9% |
| Taxes450/3 | - | €14k | €9k | €13k | €14k | ▲ 3.8% |
| Remuneration and social security454/9 | - | - | €3k | - | €3k | - |
| Other amounts payable47/48 | - | €1k | €21k | €50k | €6k | ▼ 88.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €151 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €17k | €9k | €52k | €67k | ▲ 30.0% |
| + Depreciation and write-downs630 | €11k | €11k | €10k | €5k | €881 | ▼ 83.7% |
| Operating cash flow (approximation) | €13k | €28k | €18k | €57k | €68k | ▲ 19.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-3k | €-5k | ▼ 56.9% |
| Change in cash | - | €44k | €50k | €13k | €48k | ▲ 267% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2020net €67k ▲30%
Operating result €95k, net result €67k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 6.85
Current ratio from 2.35 to 6.85; short-term debt falls from €67k to €28k.
30-06
Financial
Equity above €100kEq €121k ▲157%
6 profitable years in a row build equity to €121k.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €2k ▼67.1%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Steenokkerzeel · 1 establishment unit since 2019
Ground area
761 m²
Building footprint
129 m²
Volume, LiDAR
1,042 m³
Parcel 23051A0012/00E000, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
N. CODE
since 20192.284.442.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23051A0012/00E000 | Flanders | 761 m² | 1 · 129 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,365 EUR awarded · 1,365 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,365 EUR | 1,365 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 15,483 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-2019
Fiscal year end30-06
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
Contact
Phone
000000000Steenokkerzeel
Scores and ratios are computed by Checked and are not a credit decision.