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NEXCODE

Active
Private limited companyfounded 20224 yrs activeAvenue Bel-Air 25, 1440 Braine-le-Château, BelgiumKBO/BCE: BE 0782.992.512
Summary

NEXCODE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €94,745 and a net result of €31,462. Equity is growing by ~46% per year across the filed fiscal years. Its solvency ranks better than 71% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency100▲+5
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 4.38 against 3.0 in 2023; short-term debt: 21.7% and cash: 69.9% of total assets), and 21.7% of the assets are financed with debt.
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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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
44 d early
2023
41 d early
2022
41 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NEXCODE was incorporated on 8 March 2022 as a Private limited company.1 Total assets rose from EUR 60,114 in 2022 to EUR 121,002 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€94,745▲ 49.7%
2023 · €63,283
Total assets
€121,002▲ 32.9%
2023 · €91,035
Net result
€31,462▲ 17.3%
2023 · €26,821
Working capital
€88,857▲ 59.9%
2023 · €55,564
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202220232024
Operating result€40,587-€35,341▼ 12.9%€41,079▲ 16.2%
Net result€31,462within the sector's middle half-€26,821within the sector's middle half▼ 14.7%€31,462within the sector's middle half▲ 17.3%
Equity€36,462within the sector's middle half-€63,283within the sector's middle half▲ 73.6%€94,745within the sector's middle half▲ 49.7%
Total assets€60,114below the sector's middle half-€91,035within the sector's middle half▲ 51.4%€121,002within the sector's middle half▲ 32.9%
Debt€23,652-€27,752▲ 17.3%€26,257▼ 5.4%
Working capital€30,214within the sector's middle half-€55,564within the sector's middle half▲ 83.9%€88,857within the sector's middle half▲ 59.9%
Solvency60.7%within the sector's middle half-69.5%within the sector's middle half▲ 8.9pp78.3%within the sector's middle half▲ 8.8pp
Current ratio2.59within the sector's middle half-3.00within the sector's middle half▲ 0.424.38within the sector's middle half▲ 1.38
Return on assets (ROA)52.3%above the sector's middle half-29.5%within the sector's middle half▼ 22.9pp26.0%within the sector's middle half▼ 3.5pp
above within below the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2022: €40,587€40,587Net result 2022: €31,462€31,462Operating result 2023: €35,341€35,341Net result 2023: €26,821€26,821Operating result 2024: €41,079€41,079Net result 2024: €31,462€31,462202220232024€0€20,000€40,000Operating result 2022: €40,587€40,600Net result 2022: €31,462€31,500Operating result 2023: €35,341€35,300Net result 2023: €26,821€26,800Operating result 2024: €41,079€41,100Net result 2024: €31,462€31,500202220232024
The operating result recovers in 2024; 2024 is 16% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €121,002
Fixed assets €5,888 ▼ 23.7%
Current assets €115,114 ▲ 38.2%
Equity and liabilities €121,002
Equity €94,745 ▲ 49.7%
Debt €26,257 ▼ 5.4%
Debt's share of the balance-sheet total falls from 30.5% to 21.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€46,233▲
2023 · €40,447
Cash flow
€36,616▲
2023 · €31,927
Debt to equity
0.28▼
2023 · 0.44
ROE
33.2%▼
2023 · 42.4%
Interest coverage
175.39▲
2023 · 134.92
Debt ≤ 1 year
€26,257▼
2023 · €27,752
Income taxes
€9,354▲
2023 · €8,220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet Code20232024
Assets
Total assets20/58€91,035€121,002▲
Fixed assets21/28€7,719€5,888▼
Tangible fixed assets22/27€7,719€5,888▼
Furniture and vehicles24€7,719€2,586▼
Other tangible fixed assets26-€3,302
Current assets29/58€83,316€115,114▲
Amounts receivable within one year40/41€26,931€29,040▲
Trade receivables40€26,931€29,040▲
Cash at bank and in hand54/58€55,327€84,611▲
Deferred charges and accrued income490/1€1,058€1,463▲
Equity and liabilities
Total equity and liabilities10/49€91,035€121,002▲
Equity10/15€63,283€94,745▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€58,283€89,745▲
Amounts payable17/49€27,752€26,257▼
Amounts payable within one year42/48€27,752€26,257▼
Current portion of amounts payable after more than one year42€4,613-
Trade debts44€1,016€2,482▲
Suppliers440/4€1,016€2,482▲
Taxes, remuneration and social security45€21,604€23,201▲
Taxes450/3€21,604€23,201▲
Other amounts payable47/48€519€574▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,106€5,154▲
Other operating charges640/8€436€332▼
Gross operating margin9900€40,882€46,566▲
Operating profit (loss)9901€35,341€41,079▲
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€300€264▼
Recurring financial charges65€300€264▼
Profit (loss) for the period before taxes9903€35,041€40,817▲
Income taxes67/77€8,220€9,354▲
Profit (loss) for the period9904€26,821€31,462▲
Profit (loss) for the period to be appropriated9905€26,821€31,462▲
Appropriation of the result
Profit (loss) to be appropriated9906€58,283€89,745▲
Profit (loss) brought forward from the previous period14P€31,462€58,283▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,006€5,106€5,154▲ 0.9%
Other operating charges640/8€855€436€332▼ 23.7%
Gross operating margin9900€44,448€40,882€46,566▲ 13.9%
Operating profit (loss)9901€40,587€35,341€41,079▲ 16.2%
Financial income75/76B€0€0€1▲ 4,267%
Recurring financial income75€0€0€1▲ 4,267%
Financial charges65/66B€242€300€264▼ 12.1%
Recurring financial charges65€242€300€264▼ 12.1%
Profit (loss) for the period before taxes9903€40,345€35,041€40,817▲ 16.5%
Income taxes67/77€8,884€8,220€9,354▲ 13.8%
Profit (loss) for the period9904€31,462€26,821€31,462▲ 17.3%
Profit (loss) for the period to be appropriated9905€31,462€26,821€31,462▲ 17.3%
Line202220232024Change
Assets
Total assets20/58€60,114€91,035€121,002▲ 32.9%
Fixed assets21/28€10,861€7,719€5,888▼ 23.7%
Tangible fixed assets22/27€10,861€7,719€5,888▼ 23.7%
Furniture and vehicles24€10,861€7,719€2,586▼ 66.5%
Other tangible fixed assets26--€3,302-
Current assets29/58€49,254€83,316€115,114▲ 38.2%
Amounts receivable within one year40/41€29,070€26,931€29,040▲ 7.8%
Trade receivables40€29,070€26,931€29,040▲ 7.8%
Cash at bank and in hand54/58€19,108€55,327€84,611▲ 52.9%
Deferred charges and accrued income490/1€1,076€1,058€1,463▲ 38.4%
Equity and liabilities
Total equity and liabilities10/49€60,114€91,035€121,002▲ 32.9%
Equity10/15€36,462€63,283€94,745▲ 49.7%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€31,462€58,283€89,745▲ 54.0%
Amounts payable17/49€23,652€27,752€26,257▼ 5.4%
Amounts payable after more than one year17€4,613---
Financial debts170/4€4,613---
Amounts payable within one year42/48€19,039€27,752€26,257▼ 5.4%
Current portion of amounts payable after more than one year42€4,855€4,613--
Trade debts44€610€1,016€2,482▲ 144%
Suppliers440/4€610€1,016€2,482▲ 144%
Taxes, remuneration and social security45€13,056€21,604€23,201▲ 7.4%
Taxes450/3€13,056€21,604€23,201▲ 7.4%
Other amounts payable47/48€519€519€574▲ 10.6%
Line202220232024Change
Profit (loss) for the period9904€31,462€26,821€31,462▲ 17.3%
+ Depreciation and write-downs630€3,006€5,106€5,154▲ 0.9%
Operating cash flow (approximation)€34,468€31,927€36,616▲ 14.7%
Investment in fixed assets (approximation)--€1,964-€3,323▼ 69.2%
Change in cash-€36,220€29,283▼ 19.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
17-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2022net €31,462 ▲17.3%
Operating result €41,079, net result €31,462, both a record.
20-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Weakest financial yearnet €26,821 ▼14.7%
Net result drops to €26,821, the lowest in the series; recovery starts the following year.
20-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Braine-le-Château · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
876 m²
Building footprint
50 m²
Volume, LiDAR
142 m³
Parcel 25015D0033/00B013, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
NEXCODE
Avenue Bel-Air 25, 1440 Braine-le-ChâteauComputer programming, consultancy and related activities
since 20222.328.783.522
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25015D0033/00B013 Wallonia 876 m² 1 · 50 m² 6.2 m · 2 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.

Similar companies · same sector, comparable size

Of 3,214 companies in sector 62900 we hold annual accounts for 1,746. 1,403 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
Founded08-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
Contact
E-mail nexcodesrl@gmail.comBraine-le-Château
E-invoicing
Reachable via Peppol
Peppol ID 0208:0782992512
Also 9925:BE0782992512
Registered 24-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.