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Pragmatic Code Solutions

Active
Private limited company·Ontwerpen van computerprogramma’s· 3 yrs active
Route de Marche 22A ·4190 Ferrières, Belgium
KBO/BCE: BE 0803.687.263
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Belgian State Gazette acts: 1 of 2 read
Age3 yrs
Real estate2 parcels · 420 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Pragmatic Code Solutions is 0.7% (low). The 2024 annual accounts show equity of €20k and a net result of €15k. Its solvency ranks better than 14% of 7351 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7351 sector peers (2024).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2024 31-07-2025 02-07-2025 29 d early 2025-00216169

Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.7% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (micro schema)
EBIT marginNot published (micro schema)
Net result€15k
Working capital€-46k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 02-07-2025 with the NBB · fiscal year 2024 · micro
Sector comparison
Fiscal year 2024 · NACE 62, Computer programming & consultancy · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 14.7% 65.0%
better than 14% of 7351 sector peers
Net result €15k €32k
better than 33% of 7348 sector peers
Equity €20k €58k
better than 23% of 7353 sector peers
Gross operating margin €44k €52k
better than 43% of 7342 sector peers
Total assets €136k €103k
better than 64% of 7354 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2024
Depositmicro
Revenue-
EBITDA€40k
Net profit€15k
Cash flow€33k
Staff costs-
Income taxes€7k
Dividends€800
Total assets€136k
Equity€20k
Debt€116k
of which ≤ 1y€116k
of which > 1y-
Working capital€-46k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.60
Quick ratio0.60
Working capital ratio-33.9%
Solvency14.7%
Debt / equity5.80
Long-term debt ratio-
Interest coverage64.24
Gross margin-
Net margin-
ROA10.9%
ROE74.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€136k
Fixed assets 21/28€66k
Intangible fixed assets 21€31k
Tangible fixed assets 22/27€35k
Current assets 29/58€70k
Amounts receivable within one year 40/41€21k
Cash & bank 54/58€47k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€136k
Equity 10/15€20k
Contributions / capital 10/11€6k
Reserves 13€14k
Accumulated profits (losses) 14€43
Amounts payable 17/49€116k
Amounts payable within one year 42/48€116k
Trade debts payable within one year 44€635
Income statement
Gross operating margin 9900€44k
Operating result 9901€22k
Financial charges 65€628
Result before taxes 9903€21k
Income taxes 67/77€7k
Net result for the period 9904€15k
Result to be appropriated 9905€15k
Ratios computed by Checked.

Health barometer

FY 2024 · computed
48 / 100 Fair
050100
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap

Establishment units

1 location
PRAGMATIC CODE SOLUTIONS
Route de Marche 22, 4190 FerrièresOntwerpen en programmeren van computerprogramma's
since 20232.348.698.909
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area420 m²
Buildings2
Building footprint155 m²
Volume (LiDAR)1,098 m³
Tallest building11.4 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62815C0971/00R000 Wallonia 351 m² 1 · 57 m² 11.4 m · 3 fl.
61077B0756/00E002 Wallonia 69 m² 1 · 98 m² 7.3 m · 2 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 of 2 acts read

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
07-08-2026 Registered office
2 facts
  • General meeting , 02/07/2026
  • Registered-office move , Rue du Calvaire 76, 4000 Liège

Analysis

Financial profile

4 of 5 axes measured
Health48Profitability100Solvency12Growth-Stability79
60 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 48
Profitability 100
Solvency 12
Growth -
Stability 79

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,811 of the 16,837 companies in this sector. 2,223 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Computerconsultancy-activiteiten62020Beheer van computerfaciliteiten62030Overige diensten op het gebied van informatietechnologie en computer62900Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Webportalen63120Activiteiten van webportalen63910
Primary activity highlighted.
Names & trade names
Legal nameFR Pragmatic Code Solutions
Registered office
Rue du Calvaire 76
4000 Liège, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.