Equity
Equity fell by 51% in 2 years.
Equity fell by 51% in 2 years.
The result rose in 2025 from €75,745 to €148,174.
The accounts state no turnover.
In 2025, 0 people joined and 2 left.
The 2021 accounts came latest: 29 days after the end of the period.
Higher net result than 84% of companies in computer programming and consultancy. Sector median €23,013 · 3,398 companies.
The dashed line is the sector median: 0.1% across 25,923 companies (NACE 62, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 35% of them on solvency, 44% on liquidity, 82% on profitability and 69% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2025.
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).
In July 2024, 26,972 companies had the same profile as PRETTY CODE has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of PRETTY CODE itself is lower: 0.2% within 12 months. It rests on far more data about PRETTY CODE than the profile alone.
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 PRETTY 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.
Liquidity is tight, with a current ratio of 1.31 (1.11 in 2024), below the usual 1.5. Short-term debt is 54.6% and cash 30.9% of total assets. 60.8% of the assets are financed with debt and provisions.
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.
The company filed its last 5 accounts on average 19 days after 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.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| PRETTY CODE La Louvière | €248,179 | €469,569 | 39.2% | 3.3 |
| GMV Innovating Solutions Saint-Josse-ten-Noode | €255,748 | €467,950 | 36.4% | 2.4 |
| Blacknum Ham | €275,792 | €449,166 | -39.2% | 4.8 |
| Riedel Communications Belgium Liège | €236,493 | €409,690 | 65.9% | 4.1 |
| TOUCH SYSTEMS Lievegem | €334,374 | €441,017 | 32.2% | 5.1 |
| Lexerta België Mechelen | €203,821 | €288,646 | -160.4% | 4.2 |
| CompactCode Schelle | €243,957 | €377,582 | -43.6% | 4.9 |
These companies have the same main activity as PRETTY CODE: computer programming (NACE 62100). They are comparable in size and age: total assets between €204,000 and €334,000, founded between 2018 and 2021.
PRETTY CODE files the abbreviated format. That format states no turnover. The gross margin rose from €26,233 in 2021 to €469,569 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €850,000 and €2.0m.
Higher than 44% of 3,398 companies in 2025.
Higher than 36% of 3,260 companies in 2025.
Higher than 95% of 3,308 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
Total assets20/58 |
248,179 | 253,259 | 404,320 | 191,686 | 39,470 | |
Fixed assets21/28 |
71,476 | 99,186 | 128,334 | 52,817 | 1,404 | |
Tangible fixed assets22/27 |
71,476 | 99,186 | 128,334 | 52,817 | 1,404 | |
Furniture and vehicles24 |
71,476 | 99,186 | 128,334 | 52,817 | 1,404 | |
Current assets29/58 |
176,704 | 154,073 | 275,985 | 138,869 | 38,066 | |
Amounts receivable within one year40/41 |
85,386 | 98,341 | 57,338 | 20,025 | 18,453 | |
Trade receivables40 |
73,340 | 77,840 | 55,288 | 20,025 | 18,453 | |
Other amounts receivable41 |
12,046 | 20,500 | 2,050 | - | - | |
Cash at bank and in hand54/58 |
76,619 | 53,846 | 217,528 | 118,455 | 19,315 | |
Deferred charges and accrued income490/1 |
14,698 | 1,887 | 1,119 | 389 | 298 | |
| Balance sheet: equity and liabilities | ||||||
Total equity and liabilities10/49 |
248,179 | 253,259 | 404,320 | 191,686 | 39,470 | |
Equity10/15 |
97,233 | 77,745 | 200,002 | 105,473 | 22,122 | |
Contributions10/11 |
2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
Profit (loss) carried forward14 |
95,233 | 75,745 | 198,002 | 103,473 | 20,122 | |
Amounts payable17/49 |
150,946 | 175,514 | 204,318 | 86,213 | 17,348 | |
Amounts payable after more than one year17 |
15,550 | 36,974 | 61,935 | 28,285 | - | |
Financial debts170/4 |
15,550 | 36,974 | 61,935 | 28,285 | - | |
Amounts payable within one year42/48 |
135,397 | 138,539 | 142,383 | 57,928 | 17,348 | |
Current portion of amounts payable after more than one year42 |
21,425 | 24,960 | 23,764 | 10,607 | - | |
Trade debts44 |
41,577 | 40,020 | 23,249 | 2,238 | - | |
Suppliers440/4 |
41,577 | 40,020 | 23,249 | 2,238 | - | |
Taxes, remuneration and social security45 |
72,109 | 73,359 | 90,225 | 42,114 | 15,930 | |
Taxes450/3 |
42,136 | 30,176 | 49,898 | 42,114 | 15,930 | |
Remuneration and social security454/9 |
29,973 | 43,184 | 40,327 | - | - | |
Other amounts payable47/48 |
286 | 200 | 5,145 | 2,969 | 1,418 | |
| Income statement | ||||||
Gross operating margin9900 |
469,569 | 501,626 | 450,037 | 166,392 | 26,233 | |
Remuneration, social security and pensions62 |
239,187 | 370,486 | 312,166 | 51,564 | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
33,005 | 31,601 | 14,638 | 5,598 | 396 | |
Other operating charges640/8 |
1,636 | 1,065 | 1,599 | 3,467 | 413 | |
Operating profit (loss)9901 |
195,741 | 98,474 | 121,634 | 105,763 | 25,424 | |
Financial income75/76B |
- | 0 | 17 | 0 | - | |
Recurring financial income75 |
- | 0 | 17 | 0 | - | |
Financial charges65/66B |
330 | 387 | 190 | 21 | - | |
Recurring financial charges65 |
330 | 387 | 190 | 21 | - | |
Profit (loss) for the period before taxes9903 |
195,411 | 98,087 | 121,461 | 105,742 | 25,424 | |
Income taxes67/77 |
47,237 | 22,342 | 26,931 | 22,391 | 5,302 | |
Profit (loss) for the period9904 |
148,174 | 75,745 | 94,529 | 83,350 | 20,122 | |
Profit (loss) for the period to be appropriated9905 |
148,174 | 75,745 | 94,529 | 83,350 | 20,122 | |
| Appropriation of the result | ||||||
Profit (loss) to be appropriated9906 |
223,919 | 273,747 | 198,002 | 103,473 | 20,122 | |
Profit (loss) brought forward from the previous period14P |
75,745 | 198,002 | 103,473 | 20,122 | - | |
Profit to be distributed694/7 |
128,686 | 198,002 | - | - | - | |
Return on contributions (dividend)694 |
128,686 | 198,002 | - | - | - | |
| Social balance sheet | ||||||
Average staff (FTE)9087 |
3.3 | 4.8 | 3.8 | 0.8 | - | |
Hours worked1013 |
4,560 | 8,342 | 652,840 | 1,358 | - | |
| Document | ||||||
The notes to these accounts have 7 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 17-08-2026.
2025 annual accounts filed 17 days after the deadline. Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00401309.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-08-2026 | 2026-00401309 | |
| 31-12-2024 | full format | 25-08-2025 | 2025-00398193 | |
| 31-12-2023 | full format | 29-08-2024 | 2024-00393146 | |
| 31-12-2022 | full format | 27-07-2023 | 2023-00277663 | |
| 31-12-2021 | full format | 29-08-2022 | 2022-20330823 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| EBITDA | 228,746 | 130,074 | 136,271 | 111,361 | 25,820 | |
| Cash flow | 181,179 | 107,345 | 109,167 | 88,949 | 20,518 | |
| Investment in fixed assets | 5,295 | 2,452 | 90,156 | 57,011 | 1,800 | |
| Change in cash | 22,773 | -163,682 | 99,073 | 99,140 | - | |
| Working capital | 41,307 | 15,533 | 133,602 | 80,941 | 20,718 | |
| Solvency | 39.2% | 30.7% | 49.5% | 55.0% | 56.0% | |
| Current ratio | 1.31 | 1.11 | 1.94 | 2.40 | 2.19 | |
| Debt to equity | 1.55 | 2.26 | 1.02 | 0.82 | 0.78 | |
| ROE | 152.4% | 97.4% | 47.3% | 79.0% | 91.0% | |
| ROA | 59.7% | 29.9% | 23.4% | 43.5% | 51.0% | |
| Interest coverage | over 100 | over 100 | over 100 | over 100 | - |
EBIT margin: not included in this filing.
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 5 | 4 | 1 |
| full-time | 3 | 5 | 4 | 1 |
| in full-time equivalents | 3 | 5 | 4 | 1 |
| Average over the year, in full-time equivalents | 3.3 | 4.8 | 3.8 | 0.8 |
| On a permanent contract | 3 | 5 | 4 | 1 |
| Joined | 0 | 1 | 5 | 1 |
| Left | 2 | 0 | 2 | 0 |
| Training hours | - | 15 | - | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €5,295 | €2,452 | €90,156 | €57,011 | €1,800 |
| Depreciation and write-downs of the year | €33,005 | €31,601 | €14,638 | €5,598 | €396 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 99% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 69.3% to 60.8%. Equity is higher and debt is lower.
PRETTY CODE has no parent and no holdings in its annual accounts. EL JAIDI Mohyed-Dyn is the only director. PRETTY CODE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
PRETTY CODE was incorporated on 24 February 2021 as a private limited company.1 The registered office moved to Schaerbeek in 2021, to La Louvière in 2024 and to Houdeng-Goegnies in 2026.234 Total assets rose from €39,470 in 2021 to €248,179 in 2025 and headcount from 0.8 full-time equivalents in 2022 to 3.3 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Rue Léon Duray (H-G) 44 registered office 7110 La Louvière | 24-02-2021 | 2.313.903.425 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 55020C0429/02M006 | 203 m² | 1 · 56 m² | 10.2 m · 3 |
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