Equity
NEXCODE has made a profit in every financial year since 2022.
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NEXCODE has made a profit in every financial year since 2022.
The micro format states no turnover.
Short-term debts fell from €26,257 to €12,314.
The last four annual accounts were filed 41 to 53 days before the end of the period.
Higher solvency than 89% of companies in computer programming and consultancy. Sector median 60.0% · 21,217 companies.
In July 2024, 39,278 companies had the same profile as NEXCODE has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 39,278 companies, not a prediction for NEXCODE. 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.
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.
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| Company | ||||
|---|---|---|---|---|
| NEXCODE Braine-le-Château | €140,553 | €48,207 | 91.2% | - |
| JipJip Sint-Katelijne-Waver | €129,062 | €49,998 | 75.7% | - |
| REFLEXO IT Verviers | €155,612 | €50,981 | 18.2% | - |
| BUSINESS INTELLIGENCE SOLUTION Charleroi | €124,538 | €58,549 | 90.1% | - |
| OD CONSULTING Chaumont-Gistoux | €192,510 | €43,721 | 67.3% | - |
| DAEBI CONSULTING Wavre | €144,140 | €57,621 | 85.0% | - |
| SHALA CONSULTING Tielt | €131,704 | €62,122 | 77.1% | - |
These companies have the same main activity as NEXCODE: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €125,000 and €193,000, founded between 2021 and 2023.
NEXCODE files the micro format. That format states no turnover. The gross margin rose from €44,448 in 2022 to €48,207 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €210,000.
Higher than 90% of 21,217 companies in 2025.
Higher than 90% of 20,581 companies in 2025.
Higher than 59% of 20,756 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
140,553 | 121,002 | 91,035 | 60,114 | |
21/28 |
6,545 | 5,888 | 7,719 | 10,861 | |
22/27 |
6,545 | 5,888 | 7,719 | 10,861 | |
24 |
3,575 | 2,586 | 7,719 | 10,861 | |
26 |
2,970 | 3,302 | - | - | |
29/58 |
134,008 | 115,114 | 83,316 | 49,254 | |
40/41 |
28,711 | 29,040 | 26,931 | 29,070 | |
40 |
28,290 | 29,040 | 26,931 | 29,070 | |
41 |
421 | - | - | - | |
54/58 |
103,948 | 84,611 | 55,327 | 19,108 | |
490/1 |
1,349 | 1,463 | 1,058 | 1,076 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
140,553 | 121,002 | 91,035 | 60,114 | |
10/15 |
128,240 | 94,745 | 63,283 | 36,462 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
123,240 | 89,745 | 58,283 | 31,462 | |
17/49 |
12,314 | 26,257 | 27,752 | 23,652 | |
17 |
- | - | - | 4,613 | |
170/4 |
- | - | - | 4,613 | |
42/48 |
12,314 | 26,257 | 27,752 | 19,039 | |
42 |
- | - | 4,613 | 4,855 | |
44 |
688 | 2,482 | 1,016 | 610 | |
440/4 |
688 | 2,482 | 1,016 | 610 | |
45 |
9,354 | 23,201 | 21,604 | 13,056 | |
450/3 |
9,354 | 23,201 | 21,604 | 13,056 | |
47/48 |
2,271 | 574 | 519 | 519 | |
| Income statement | |||||
9900 |
48,207 | 46,566 | 40,882 | 44,448 | |
630 |
3,506 | 5,154 | 5,106 | 3,006 | |
640/8 |
1,137 | 332 | 436 | 855 | |
9901 |
43,564 | 41,079 | 35,341 | 40,587 | |
75/76B |
15 | 1 | 0 | 0 | |
75 |
15 | 1 | 0 | 0 | |
65/66B |
320 | 264 | 300 | 242 | |
65 |
320 | 264 | 300 | 242 | |
9903 |
43,259 | 40,817 | 35,041 | 40,345 | |
67/77 |
9,765 | 9,354 | 8,220 | 8,884 | |
9904 |
33,495 | 31,462 | 26,821 | 31,462 | |
9905 |
33,495 | 31,462 | 26,821 | 31,462 | |
| Appropriation of the result | |||||
9906 |
123,240 | 89,745 | 58,283 | 31,462 | |
14P |
89,745 | 58,283 | 31,462 | - | |
| Document | |||||
The notes to these accounts have 5 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 08-06-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 47,070 | 46,233 | 40,447 | 43,593 | ||
| 37,001 | 36,616 | 31,927 | 34,468 | ||
| 4,163 | 3,323 | 1,964 | 13,867 | ||
| 19,337 | 29,283 | 36,220 | - | ||
| 121,695 | 88,857 | 55,564 | 30,214 | ||
| 91.2% | 78.3% | 69.5% | 60.7% | ||
| 10.88 | 4.38 | 3.00 | 2.59 | ||
| 0.10 | 0.28 | 0.44 | 0.65 | ||
| 26.1% | 33.2% | 42.4% | 86.3% | ||
| 23.8% | 26.0% | 29.5% | 52.3% | ||
| over 100 | over 100 | over 100 | over 100 |
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €4,163 | €3,323 | €1,964 | €13,867 |
| €3,506 | €5,154 | €5,106 | €3,006 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 6% higher than in 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 21.7% to 8.8%. Equity is higher and debt is lower.
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NEXCODE has no parent and no holdings in its annual accounts. is the only director. NEXCODE shares no director with another company.
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Deadline for the 2026 accounts: 31-07-2027
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Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Avenue Bel-Air 25 registered office 1440 Braine-le-Château | 08-03-2022 | 2.328.783.522 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25015D0033/00B013 | 876 m² | 1 · 50 m² | 6.2 m · 2 |
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