Equity
€77,617 ▲ 61.0%
quality-codex has made a profit in every financial year since 2023.
quality-codex
Overview
Lifetime
3 annual accounts with figures on one time axispeak €58,481 (2025)
€58,481▲ 34.9%
peak €34,379 (2024)
€29,407▼ 14.5%
peak €77,617 (2025)
€77,617▲ 61.0%
€10,765▼ 50.8%
Board1 name since 2023
1 directorLEMMENS Antony
Documentsfilings and deeds
12-03-2026141 days before the deadline
2025micro format
Gross margin from €43,344 to €58,481Equity from €48,210 to €77,617Debts from €21,902 to €10,765
Key points
from the 2025 annual accountsTurnover
≈ €140,000 estimated
The micro format states no turnover.
Investments
€22,969 1093.8 × depreciation
Green is investment, beige is depreciation.
Liquidity
8.00 was 3.24 in 2024
Short-term debts fell from €21,657 to €10,765.
Starting capital
€5,000 500 shares
Position in the sector
87.8%
Higher solvency than 85% of companies in computer programming and consultancy. Sector median 60.0% · 21,208 companies.
Checked score
96
Excellent
Financially stronger than 74% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026highest value
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Equity €77,617 (87.8% of total assets)
Figures for financial year 2025 (filed on 12-03-2026)
Calculation
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 85% of them on solvency, 48% on liquidity, 82% on profitability and 82% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as quality-codex has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of quality-codex itself is lower: 0.1% within 12 months. It rests on far more data about quality-codex than the profile alone.
Test of the method
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 39,278 companies, not a prediction for quality-codex. 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.
Credit verdict
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.0 (3.24 in 2024), above the usual 1.5. Short-term debt is 12.2% and cash 12.9% of total assets. 12.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-03-2026, 141 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
141 days early
2024
58 days early
2023
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 86 days before 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 June (3 of the last 3 accounts filed within 83 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803941146
Incorporation
Founding capital of €5,000, 500 shares · Founder: LEMMENS Antony (comparant) · Appointment: LEMMENS Antony (director) · published on 17-07-2023 · Gazette deed
First establishment
Rue du Calvaire 6, Courcelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| quality-codex Courcelles | €88,383 | €58,481 | 87.8% | - |
| Praxys Binche | €89,298 | €56,405 | 39.6% | - |
| My Infinity Project Mont-de-l'Enclus | €106,482 | €66,833 | 46.9% | - |
| DS Développement Dinant | €87,619 | €62,917 | 60.6% | - |
| EOV Consulting Ans | €95,859 | €54,798 | 86.5% | - |
| SumTom Brasschaat | €83,824 | €65,131 | 73.6% | - |
| Skyotech IT Solutions Ichtegem | €96,724 | €64,599 | 89.7% | - |
These companies have the same main activity as quality-codex: computer programming (NACE 62100). They are comparable in size and age: total assets between €83,800 and €106,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 13-07-2023Normal situation
- Activity
- Computer programmingNACE 62100and 3 others
- Establishment unit
- 2.347.871.0436181 Courcelles, since 13-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2025
Annual accounts 2025
- €58,481▲ 34.9%
- €29,407▼ 14.5%
- €77,617▲ 61.0%
- €88,383▲ 26.1%
- Filing
- Filed on 12-03-2026, 141 days before the end of the filing period
Insights on quality-codex
quality-codex files the micro format. That format states no turnover. The gross margin rose from €11,634 in 2023 to €58,481 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 12-03-2026, 141 days before the deadline€58,481
▲ 34.9%
€36,132
▼ 15.8%
€29,407
▼ 14.5%
€75,338
▲ 55.5%
87.8%
▲ 19.1 percentage points
8.00
▲ 4.76
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 ≈ €140,000. Estimated: probably between €110,000 and €170,000.
Balance sheet
balance sheet total €88,383 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
87.8%
Higher than 85% of 21,208 companies in 2025.
8.00
Higher than 85% of 20,571 companies in 2025.
33.3%
Higher than 71% of 20,746 companies in 2025.
quality-codex
Middle half of the sector
80% of the sector
Micro accounts in computer programming and consultancy (NACE 62)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
88,383 | 70,112 | 31,461 | |
21/28 |
2,279 | - | - | |
22/27 |
2,279 | - | - | |
24 |
2,279 | - | - | |
29/58 |
86,104 | 70,112 | 31,461 | |
40/41 |
73,554 | 56,613 | 11,957 | |
40 |
9,586 | 6,963 | 11,350 | |
41 |
63,968 | 49,650 | 607 | |
54/58 |
11,434 | 12,844 | 18,749 | |
490/1 |
1,116 | 655 | 755 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
88,383 | 70,112 | 31,461 | |
10/15 |
77,617 | 48,210 | 13,831 | |
10/11 |
5,000 | 5,000 | 5,000 | |
13 |
72,617 | 43,210 | 8,831 | |
133 |
72,617 | 43,210 | 8,831 | |
17/49 |
10,765 | 21,902 | 17,631 | |
42/48 |
10,765 | 21,657 | 17,631 | |
43 |
0 | 151 | 434 | |
439 |
0 | 151 | 434 | |
44 |
3,612 | 2,800 | 4,692 | |
440/4 |
3,612 | 2,800 | 4,692 | |
45 |
7,153 | 18,706 | 10,604 | |
450/3 |
7,153 | 18,706 | 8,320 | |
454/9 |
- | 0 | 2,284 | |
47/48 |
- | 0 | 1,901 | |
492/3 |
0 | 245 | - | |
| Income statement | ||||
9900 |
58,481 | 43,344 | 11,634 | |
630 |
21 | - | - | |
640/8 |
1,658 | 431 | 384 | |
66A |
20,669 | - | - | |
9901 |
36,132 | 42,913 | 11,249 | |
75/76B |
3,151 | 1,063 | 0 | |
75 |
3,151 | 1,063 | 0 | |
65/66B |
251 | 67 | 26 | |
65 |
251 | 67 | 26 | |
9903 |
39,031 | 43,909 | 11,224 | |
67/77 |
9,624 | 9,529 | 2,393 | |
9904 |
29,407 | 34,379 | 8,831 | |
9905 |
29,407 | 34,379 | 8,831 | |
| Appropriation of the result | ||||
9906 |
29,407 | 34,379 | 8,831 | |
691/2 |
29,407 | 34,379 | 8,831 | |
6921 |
29,407 | 34,379 | 8,831 | |
| Document | ||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 12-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 36,153 | - | - | ||
| 29,428 | - | - | ||
| 22,969 | - | - | ||
| -1,410 | -5,904 | - | ||
| 75,338 | 48,455 | 13,831 | ||
| 87.8% | 68.8% | 44.0% | ||
| 8.00 | 3.24 | 1.78 | ||
| 0.14 | 0.45 | 1.27 | ||
| 37.9% | 71.3% | 63.8% | ||
| 33.3% | 49.0% | 28.1% | ||
| 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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €22,969 | - | - |
| Financial fixed assets | €0 | - | - |
| €21 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on quality-codex
The operating result for 2025 is 16% lower than in 2024.
Debt's share of the balance-sheet total falls from 31.2% to 12.2%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 13-07-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 12-03-2026
Mandates through the years
1 name, the dashed line is todayLEMMENS Antony
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- LEMMENS Antony
- Director (not named in the articles), from 13-07-2023 to date
Control
Capital
- Contribution
- €5,000
- Shares
- 500
- Contribution per share
- €10
- Equity per share
- €155 in 2025
- Source
- deed of 17-07-2023
Articles of association
deed of 17-07-2023 (in French)- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 17-07-2023 ↗
- LEMMENS Antony 500 shares (100%) · €5,000 in cash
Network & group
No group
quality-codex has no parent and no holdings in its annual accounts. LEMMENS Antony is the only director. quality-codex shares no director with another company.
Timeline
Timeline
8 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFmicro format · 141 days before the deadline
2025
Liquidity more than doubled current ratio 8.00 The current ratio rises from 3.24 to 8.00. Short-term debt falls from €21,657 to €10,765.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803941146
Annual accounts 2024 filed PDFmicro format · 58 days before the deadline
2024
Highest result from 2023 to 2025 net €34,379 ▲289% The operating result of €42,913 and the net result of €34,379 are both a record.
Annual accounts 2023 filed PDFmicro format · 58 days before the deadline
2023
IncorporationFounding capital of €5,000, 500 shares · Founder: LEMMENS Antony (comparant) · Appointment: LEMMENS Antony (director) · published on 17-07-20235 points ▸
- Founder, LEMMENS Antony (comparant)
- Founding capital, €5,000, 500 shares
- Registered office clause, Rue du Calvaire 6, 6181 GOUY-LEZ-PIETON
- Board rule, 1
- Director appointment, LEMMENS Antony (director (not named in the articles))
- The deed holds 14 more points.
First establishment Rue du Calvaire 6, Courcelles
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 13 July 2023, quality-codex was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 LEMMENS Antony has served as director since 2023.3 Total assets went from €31,461 in 2023 to €88,383 in 2025.4
Company details
Identity
- Enterprise number
- 0803.941.146
- VAT number
- BE 0803.941.146
- Peppol ID
- 0208:0803941146
- Other Peppol ID
- 9925:BE0803941146
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-07-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Wednesday of Junedeed of 17-07-2023 (in French)
- Peppol
- Reachable since 31-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- quality-codex in French
- Entity type
- Legal entity
Activities
NACEBEL 202562100
Computer programming main activity
Codes under NACEBEL 2008
62010
Computer programming, consultancy and related activities main activity
62020
IT consultancy
62090
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La consultance,la prestation de services et la formation dans les domaines de la gestion,de l'administration,de la restructuration,du…”deed of 17-07-2023 (in French)
14 activities
- La consultance,la prestation de services et la formation dans les domaines de la gestion,de l'administration,de la restructuration,du développement,de la reconversion et du management d'entreprises ;
- La consultance,la prestation de services et la formation dans le domaine de l’informatique,des technologies de l’information (Information Technology ou IT) et de l’internet des choses (Internet of Things ou IoT) ;
- Toutes opérations relatives à l’importation,l’exportation,l’achat,la vente,la distribution,la fabrication,la transformation,le transport,la commercialisation,la représentation,le courtage,ainsi que le négoce en général,en gros ou en détail,de toutes espèces de marchandises en lien avec le domaine de l’informatique,des technologies de l’information (Information Technology ou IT) et de l’internet des choses (Internet of Things ou IoT) ;
- La conception,le développement,la réalisation,la production,la promotion et la commercialisation de tous projets informatiques,d’architecture de logiciels,de modélisations et de bureautiques,ainsi que la recherche et l’étude dans ces domaines ;
- De dispenser des avis financiers,techniques,commerciaux ou administratifs dans le sens le plus large des termes,à l'exception des conseils de placement d'argent et autres ;
- De fournir son assistance et d’exécuter des services,directement ou indirectement,sur le plan de l'administration et des finances,de la vente,de la production et de la gestion en général ;
- De fournir toutes prestations de service et d’exécuter tous mandats sous forme d'études d'organisations,d'expertises,d'actes et de conseils techniques ou autres dans tout domaine rentrant dans l’objet de la société ;
- Tous travaux de secrétariat en général ;
- Tous travaux d'encodage et de traitement de l'information et/ou de données informatiques ;
- La réalisation d'étude d’optimalisation de procédés et/ou de procédures ;
- L’organisation de séminaires,de congrès,de formations et de tous types d’évènements ;
- L’acquisition,la gestion et l'exploitation de tous droits de propriété intellectuels et de toutes licences y relatives,et notamment tous brevets,toutes marques,tous droits d’auteur et tous dessins et modèles ;
- La constitution,l’accroissement et la gestion d’un patrimoine immobilier ; toutes opérations en rapport avec les biens immobiliers et les droits réels en matière immobilière,tels que l’achat,la vente,la construction,la transformation,l’aménagement et la décoration d’intérieur,la location,l’échange,le lotissement et,en général,toutes opérations qui se rapportent directement ou indirectement à la gestion ou à la mise en valeur de biens immobiliers ou de droits réels en matière immobilière ;
- La constitution,l’accroissement et la gestion d’un patrimoine mobilier ; toutes opérations en rapport avec les biens et droits mobiliers,de quelque nature qu’ils soient,tels que l’achat,la vente,la location.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue du Calvaire 6 registered office 6181 Courcelles | 13-07-2023 | 2.347.871.043 |
Buildings and parcels at the address
- Ground area
- 1,083 m²
- Buildings
- 57 m²
- Volume, LiDAR
- 478 m³
- Tallest building
- 9.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52031B0879/00B003 | 1,083 m² | 1 · 57 m² | 9.9 m · 3 |