RAINCODE
ActiveSummary
RAINCODE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.4m and a net result of -€306,361. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 63% of 1,677 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Computer programming
NACE 62100
3 sites
Size
€3.8mturnover 2025
- Staff
- 21 FTE
- Equity
- €3.4m
- Loss
- -€306,361
Structure
- Board
- 4 members
- Holdings
- 1
Auditor: BMS & C°2025 accounts 28 days early4 of 7 deeds summarised
Why 95raises riskLoss of €306,361, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 3.82, cash €2.0mSector: Computer programming, consultancy and related activities (NACE 62)Founded in 1990Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 63% of its sector peers (NACE 62, small)
Financial strength · tick = 2024
Strong
Solvency
77-3
equity 51.5% of total assets
Liquidity
86+20
short-term debt 12.8% · cash 29.9%
Profitability
64+58
return on assets -4.6%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
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%● unchanged 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: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €320,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.82, compared with 4.0 in 2024, above the usual 1.5; short-term debt: 12.8% and cash: 29.9% of total assets), and 48.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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, small): better than 64% on solvency, 93% on liquidity, 44% on profitability and 53% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 days early
2024
6 days early
2023
28 days early
2022
25 days early
2021
30 days early
2020
17 days late
2019
69 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median (NACE 62) for financial year 2024 is 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 4 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Appointment: BMS & C° (commissaire réviseur…Gazette deed
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · Amendment of…Kind of shares · Capital…
Financials · financial year 2025, full format
Turnover
€3.8m▲ 18.7%
2024 · €3.2m
EBIT margin
-3.5%▲ 18.0pp
2024 · -21.5%
Net result
-€306,361▲ 57.7%
2024 · -€724,285
Working capital
€2.4m▲ 16.7%
2024 · €2.1m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €134,187 in 2025 against €685,967 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.8m
2025
Operating result-€0.1m
2025
Net result-€0.3m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.7m
2025
Equity€3.4m
2025
Debt€3.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2.4m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-3.5%
2025
Return on assets (ROA)-4.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency51.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.82
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)21
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€6.0m€5.1m▼ 14.3%€4.4m▼ 14.8%€4.0m▼ 8.1%€4.5m▲ 13.6%€3.2m▼ 29.8%€3.8m▲ 18.7%
Operating result€0.03m-€0.1m▲ 286%€0.2m▲ 73.1%€0.09m▼ 49.2%€0.1m▲ 31.8%-€0.5m-€0.7m▼ 33.3%-€0.1m▲ 80.4%
Net result€0.004m-€0.05m▲ 11×€0.1m▲ 148%€0.03m▼ 73.7%€0.03m▼ 10.6%-€0.7m-€0.7m▼ 4.9%-€0.3mbelow the sector's middle half▲ 57.7%
EBIT margin1.7%3.4%▲ 1.7pp2.1%▼ 1.4pp2.9%▲ 0.9pp-11.3%▼ 14.3pp-21.5%▼ 10.2pp-3.5%▲ 18.0pp
Equity€0.4m-€0.5m▲ 10.8%€0.6m▲ 24.1%€0.6m▲ 5.1%€0.7m▲ 4.3%€4.5m▲ 576%€3.7m▼ 16.3%€3.4mabove the sector's middle half▼ 7.9%
Total assets€6.3m-€6.5m▲ 2.6%€6.2m▼ 3.9%€5.8m▼ 7.3%€5.6m▼ 3.3%€7.5m▲ 35.0%€6.8m▼ 10.2%€6.7mabove the sector's middle half▼ 1.5%
Debt€5.8m-€6.0m▲ 2.0%€5.6m▼ 6.2%€5.1m▼ 8.6%€4.9m▼ 4.2%€3.1m▼ 37.6%€3.0m▼ 1.3%€3.2m▲ 6.4%
Working capital-€1.4m--€1.6m▼ 16.4%-€2.2m▼ 34.1%-€2.4m▼ 9.2%-€2.8m▼ 17.0%€2.1m€2.1m▼ 1.3%€2.4mabove the sector's middle half▲ 16.7%
Solvency6.9%-7.5%▲ 0.6pp9.6%▲ 2.2pp10.9%▲ 1.3pp11.8%▲ 0.9pp59.1%▲ 47.3pp55.1%▼ 4.0pp51.5%within the sector's middle half▼ 3.6pp
Current ratio0.60-0.57▼ 0.030.41▼ 0.160.31▼ 0.100.18▼ 0.133.41▲ 3.244.00▲ 0.593.82above the sector's middle half▼ 0.18
Return on assets (ROA)0.1%-0.7%▲ 0.7pp1.9%▲ 1.1pp0.5%▼ 1.3pp0.5%=-9.2%▼ 9.7pp-10.7%▼ 1.5pp-4.6%below the sector's middle half▲ 6.1pp
Staff (FTE)51.1-55.9▲ 9.4%48.4▼ 13.4%41.8▼ 13.6%40.1▼ 4.1%30.5▼ 23.9%22.3▼ 26.9%21within the sector's middle half▼ 5.8%
above
within
below
the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2023 Equity +576% on 2022. Merger absorbing RAINCODE, Official Gazette 01-09-2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€3.4m ▼ 15.3%
Current assets
€3.3m ▲ 18.6%
Equity and liabilities €6.7m
Equity
€3.4m ▼ 7.9%
Provisions
€23,145 ▼ 5.5%
Debt
€3.2m ▲ 6.4%
Debt's share of the balance-sheet total rises from 44.6% to 48.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€440,168▲
2024 · -€103,663
Cash flow
€267,993▲
2024 · -€141,980
Debt to equity
0.93▲
2024 · 0.81
ROE
-8.9%▲
2024 · -19.4%
Interest coverage
11.91▲
2024 · -2.01
Debt ≤ 1 year
€852,409▲
2024 · €686,130
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€2,024▼
2024 · €3,036
Staff costs
€2.2m▲
2024 · €2.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94.2%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 8,617 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.2m | €4.5m | €5.1m | €4.0m | €4.4m | ▲ 11.0% |
| Turnover70 | - | €6.0m | €5.1m | €4.4m | €4.0m | €4.5m | €3.2m | €3.8m | ▲ 18.7% |
| Other operating income74 | - | - | - | €0.8m | €0.5m | €0.6m | €0.8m | €0.6m | ▼ 19.6% |
| Operating charges60/66A | - | - | - | €5.1m | €4.4m | €5.7m | €4.7m | €4.6m | ▼ 2.4% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | €0.004m | €0.006m | ▲ 51.7% |
| Purchases600/8 | - | - | - | - | - | - | €0.004m | €0.006m | ▲ 51.7% |
| Services and other goods61 | - | - | - | €0.8m | €0.7m | €2.1m | €1.9m | €1.7m | ▼ 11.1% |
| Remuneration, social security and pensions62 | - | - | - | €3.9m | €3.4m | €2.9m | €2.2m | €2.2m | ▲ 0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.6m | €0.6m | €0.6m | ▼ 1.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.07m | - |
| Other operating charges640/8 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.06m | ▲ 87.5% |
| Gross operating margin9900 | €5.3m | - | - | - | - | - | - | - | - |
| Operating profit (loss)9901 | €0.03m | €0.1m | €0.2m | €0.09m | €0.1m | -€0.5m | -€0.7m | -€0.1m | ▲ 80.4% |
| Financial income75/76B | - | - | - | €0.02m | €10 | €0.008m | €0.02m | €0.03m | ▲ 30.6% |
| Recurring financial income75 | €0.03m | €84 | €83 | €0.02m | €10 | €0.008m | €0.02m | €0.03m | ▲ 30.6% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.002m | €0.004m | €0.002m | ▼ 46.1% |
| Income from current assets751 | - | - | - | - | - | €0.006m | €0.008m | €0.005m | ▼ 38.4% |
| Other financial income752/9 | - | - | - | €0.02m | €10 | €357 | €0.01m | €0.02m | ▲ 117% |
| Financial charges65/66B | - | - | - | €0.04m | €0.04m | €0.2m | €0.06m | €0.2m | ▲ 239% |
| Recurring financial charges65 | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | €0.2m | €0.06m | €0.2m | ▲ 159% |
| Debt charges650 | - | €0.04m | €0.04m | €0.04m | €0.03m | €0.05m | €0.05m | €0.04m | ▼ 28.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | - | €0.1m | - | - | - |
| Other financial charges652/9 | - | - | - | €0.004m | €0.004m | €0.03m | €0.008m | €0.1m | ▲ 15× |
| Non-recurring financial charges66B | - | - | - | - | - | - | - | €0.05m | - |
| Profit (loss) for the period before taxes9903 | €0.006m | €0.06m | €0.1m | €0.07m | €0.08m | -€0.7m | -€0.7m | -€0.3m | ▲ 57.7% |
| Transfer from deferred taxes780 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Income taxes67/77 | €0.003m | €0.01m | €0.02m | €0.05m | €0.06m | €0.003m | €0.003m | €0.002m | ▼ 33.3% |
| Taxes670/3 | - | - | - | €0.05m | €0.06m | €0.003m | €0.003m | €0.003m | ▼ 15.3% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €22 | - | - | - | €0.001m | - |
| Profit (loss) for the period9904 | €0.004m | €0.05m | €0.1m | €0.03m | €0.03m | -€0.7m | -€0.7m | -€0.3m | ▲ 57.7% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) for the period to be appropriated9905 | €0.007m | €0.05m | €0.1m | €0.03m | €0.03m | -€0.7m | -€0.7m | -€0.3m | ▲ 57.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.3m | €6.5m | €6.2m | €5.8m | €5.6m | €7.5m | €6.8m | €6.7m | ▼ 1.5% |
| Fixed assets21/28 | €4.2m | €4.3m | €4.7m | €4.7m | €5.0m | €4.6m | €4.0m | €3.4m | ▼ 15.3% |
| Intangible fixed assets21 | - | - | - | - | - | €1.3m | €0.9m | €0.6m | ▼ 40.7% |
| Tangible fixed assets22/27 | €4.0m | €4.1m | €3.7m | €3.4m | €3.1m | €2.9m | €2.7m | €2.5m | ▼ 6.8% |
| Land and buildings22 | - | - | - | €2.7m | €2.6m | €2.5m | €2.4m | €2.4m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.006m | €0.001m | €157 | ▼ 86.7% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.09m | €0.03m | €0.03m | €0.03m | ▼ 24.9% |
| Other tangible fixed assets26 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | €0.1m | ▼ 43.4% |
| Financial fixed assets28 | €0.2m | €0.2m | €1.0m | €1.3m | €1.9m | €0.4m | €0.4m | €0.3m | ▼ 13.0% |
| Affiliated companies280/1 | - | - | - | €1.3m | €1.9m | €0.4m | €0.4m | €0.3m | ▼ 13.1% |
| Participating interests280 | - | - | - | €1.3m | €1.9m | €0.4m | €0.4m | €0.3m | ▼ 13.1% |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €2.1m | €2.2m | €1.5m | €1.1m | €0.6m | €3.0m | €2.7m | €3.3m | ▲ 18.6% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 14.3% |
| Other amounts receivable291 | - | - | - | - | - | €0.2m | €0.2m | €0.2m | ▼ 14.3% |
| Amounts receivable within one year40/41 | €1.6m | €1.8m | €0.6m | €0.4m | €0.3m | €1.3m | €1.7m | €0.8m | ▼ 52.9% |
| Trade receivables40 | - | - | - | €0.4m | €0.2m | €1.0m | €1.3m | €0.7m | ▼ 44.9% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.07m | €0.3m | €0.4m | €0.06m | ▼ 82.6% |
| Current investments50/53 | - | - | - | - | - | - | - | €0.2m | - |
| Own shares50 | - | - | - | - | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.5m | €0.4m | €0.9m | €0.7m | €0.2m | €1.4m | €0.9m | €2.0m | ▲ 130% |
| Deferred charges and accrued income490/1 | - | - | - | €0.008m | €0.07m | €0.05m | €0.03m | €0.08m | ▲ 167% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.3m | €6.5m | €6.2m | €5.8m | €5.6m | €7.5m | €6.8m | €6.7m | ▼ 1.5% |
| Equity10/15 | €0.4m | €0.5m | €0.6m | €0.6m | €0.7m | €4.5m | €3.7m | €3.4m | ▼ 7.9% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.02m | €0.02m | €0.04m | ▲ 52.5% |
| Reserves13 | €0.06m | €0.06m | €0.06m | €0.06m | €0.05m | €0.05m | €0.05m | €0.3m | ▲ 481% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.004m | €0.004m | €0.3m | ▲ 70× |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.004m | €0.004m | €0.004m | = |
| Own shares acquired1312 | - | - | - | - | - | - | - | €0.2m | - |
| Tax-exempt reserves132 | - | - | - | €0.06m | €0.05m | €0.05m | €0.05m | €0.04m | ▼ 5.5% |
| Profit (loss) carried forward14 | €0.4m | €0.4m | €0.5m | €0.6m | €0.6m | €4.4m | €3.7m | €3.1m | ▼ 15.1% |
| Provisions and deferred taxes16 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 5.5% |
| Deferred taxes168 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | €0.02m | ▼ 5.5% |
| Amounts payable17/49 | €5.8m | €6.0m | €5.6m | €5.1m | €4.9m | €3.1m | €3.0m | €3.2m | ▲ 6.4% |
| Amounts payable after more than one year17 | €2.3m | €2.1m | €1.8m | €1.6m | €1.5m | €1.3m | €1.2m | €1.1m | ▼ 10.3% |
| Financial debts170/4 | - | - | - | €1.6m | €1.5m | €1.3m | €1.2m | €1.1m | ▼ 10.3% |
| Credit institutions173 | - | - | - | €1.6m | €1.5m | €1.3m | €1.2m | €1.1m | ▼ 10.3% |
| Amounts payable within one year42/48 | €3.5m | €3.8m | €3.7m | €3.5m | €3.4m | €0.9m | €0.7m | €0.9m | ▲ 24.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.2m | €0.1m | €0.1m | €0.1m | ▲ 1.7% |
| Trade debts44 | €0.2m | €0.4m | €0.05m | €0.02m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Suppliers440/4 | - | - | - | €0.02m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 0.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.6m | €0.3m | €0.2m | €0.2m | ▲ 4.8% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.05m | €0.003m | €0.003m | ▼ 17.0% |
| Remuneration and social security454/9 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | €0.2m | ▲ 5.1% |
| Other amounts payable47/48 | - | - | - | €2.6m | €2.6m | €0.2m | €0.06m | €0.2m | ▲ 238% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.9m | €1.1m | €1.3m | ▲ 13.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.004m | €0.05m | €0.1m | €0.03m | €0.03m | -€0.7m | -€0.7m | -€0.3m | ▲ 57.7% |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | €0.6m | €0.6m | €0.6m | ▼ 1.4% |
| Operating cash flow (approximation) | €0.4m | €0.5m | €0.5m | €0.4m | €0.3m | -€0.05m | -€0.1m | €0.3m | - |
| Investment in fixed assets (approximation) | - | -€0.5m | -€0.8m | -€0.4m | -€0.6m | -€0.3m | -€0.02m | €0.04m | - |
| Change in cash | - | -€0.06m | €0.5m | -€0.2m | -€0.5m | €1.2m | -€0.5m | €1.1m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 03-07-2026 | 2026-00245356 |
| 31-12-2024 | unclassified schema | 25-07-2025 | 2025-00306562 |
| 31-12-2023 | unclassified schema | 03-07-2024 | 2024-00207073 |
| 31-12-2022 | unclassified schema | 06-07-2023 | 2023-00215795 |
| 31-12-2021 | unclassified schema | 01-07-2022 | 2022-20131031 |
| 31-12-2020 | unclassified schema | 17-08-2021 | 2021-50000255 |
| 31-12-2019 | full format | 08-10-2020 | 2020-60300308 |
| 31-12-2018 | full format | 28-08-2019 | 2019-54000143 |
| 31-12-2017 | full format | 26-09-2018 | 2018-65800344 |
| 31-12-2016 | full format | 24-08-2017 | 2017-47500132 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
under verification, last change in 2023
This board is reconstructed from a single act (23112817). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
BOUMKE & CO
CurrentDirector (not named in the articles) · since 01-09-2023 · Private limited company · permanent representative: BLASBAND Darius
KOGI
CurrentDirector (not named in the articles) · since 01-09-2023 · Private limited company · permanent representative: DIEZ PEREZ Juan Pablo
L’EGG
CurrentDirector (not named in the articles) · since 01-09-2023 · Private limited company · permanent representative: CORCHIA Alain
LEGG
CurrentDirector (not named in the articles) · since 01-09-2023 · Legal entity · from a recent deed
Permanent representatives 3
BLASBAND Darius
CurrentPermanent representative · since 01-09-2023 · for BOUMKE & CO
CORCHIA Alain
CurrentPermanent representative · since 01-09-2023 · for L’EGG
DIEZ PEREZ Juan Pablo
CurrentPermanent representative · since 01-09-2023 · for KOGI
Statutory auditor 1
BMS & C°
CurrentCommissaire réviseur aux comptes · since 18-09-2026
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
6 people since 2023, 5 in office
- Board
- Statutory auditor
| Name | Functions and periods |
|---|---|
| BOUMKE & CO |
|
| KOGI |
|
| LEGGfrom an act |
|
| L’EGG |
|
| BMS & C° |
|
| Bossaert Moreau Saman & CO |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
Stated in the act
act of 01-09-2023 ↗
- CORCHIA Alain 227 shares
- DIEZ PEREZ Juan Pablo 227 shares
- BLASBAND Darius 226 shares
Stated in the act
act of 16-06-2023 ↗
- Alain Corchia
- Juan Diez Perez
- Darius Blasband
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 08-12-2025 Capital stated in the deed · 4,500 shares
- 01-09-2023 Converted to unavailable equity
- 16-06-2023 Capital stated in the deed · €18,600 · 100 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
30.25%
According to the 2025 annual accounts of RAINCODE and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
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Acquisitions and mergers
1 transactionTook over:RAINCODE
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-09
Gazette deed
Appointment: BMS & C° (commissaire réviseur aux comptes)2 facts ▸
Gazette deed
Appointment: BMS & C° (commissaire réviseur aux comptes)
2 facts ▸
- General meeting, 13-05-2025
- Auditor appointment, BMS & C° (commissaire réviseur aux comptes)
03-07
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
08-12
Gazette deed
Capital & shares · Amendment of the articlesKind of shares · Capital · Power of attorney12 facts ▸
Gazette deed
Capital & shares · Amendment of the articles
Kind of shares · Capital · Power of attorney12 facts ▸
- General meeting, 28-11-2025
- Other provision, “prise de connaissance des rapports dans le cadre de la création de classes d’actions” (deed in French)
- Other provision, 4500, 1: 5,76
- Kind of shares, 2, “create” (deed in French)
- Kind of shares, 4500, “répartition de toutes les actions existantes” (deed in French)
- Amendment of the articles, 5
- Amendment of the articles
- Capital
- Other provision, “TITRE VII. DISSOLUTION-LIQUIDATION, Titre VII Dissolution Liquidation” (deed in French)
- Other provision, “B”, 300 (deed in French) (2 times)
- Other provision, “renonciation droit de preference, article 5:149 alinea 2 CSA” (deed in French)
- Power of attorney (2 times)
25-07
NBB filing
Annual accounts filed
financial year 2024 · unclassified schema
2024
31-12
Financial
Weakest financial yearnet -€724,285
Net result drops to -€724,285, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
financial year 2023 · unclassified schema
2023
31-12
Financial
Liquidity times 19current ratio 3.41
Current ratio from 0.18 to 3.41; short-term debt falls from €3.4m to €865,343.
31-12
Financial
Equity above €2mequity €4.5m ▲576%
Equity rises from €658,680 to €4.5m.
01-09
Gazette deed
Capital & shares · Name · Resignations & appointments · RestructuringAppointments: BOUMKE & CO, KOGI and LEGG · Permanent representatives: BLASBAND Darius, DIEZ PEREZ Juan Pablo and CORCHIA Alain · Share issue49 facts ▸
Gazette deed
Capital & shares · Name · Resignations & appointments · Restructuring
Appointments: BOUMKE & CO, KOGI and LEGG · Permanent representatives: BLASBAND Darius, DIEZ PEREZ Juan Pablo and CORCHIA Alain · Share issue49 facts ▸
- Share issue, “apport supplémentaire en nature”, EUR (deed in French)
- Shareholding, “proportionnellement au nombre d'actions détenues dans la société absorbée”, 227 (deed in French) (2 times)
- Shareholding, “proportionnellement au nombre d'actions détenues dans la société absorbée”, 226 (deed in French)
- Dissolution, merger
- Other provision, “adaptation statuts et maintien forme SRL, adapter statuts et conserver forme société à responsabilité limitée en abrégé SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités modification aux statuts, suppression compte capitaux propres statutairement indisponible” (deed in French)
- Name change, RAINCODE
- Amendment of the articles
- Capital (2 times)
- Other provision, 3, “démission gérants” (deed in French)
- Board rule, 3
- +37 further facts in this act
06-07
NBB filing
Annual accounts filed
financial year 2022 · unclassified schema
16-06
Gazette deed
Restructuring · MiscellaneousAppointment: Bossaert Moreau Saman & Co (statutory auditor) · Permanent representative: Juan Diez Perez · Incorporation18 facts ▸
Gazette deed
Restructuring · Miscellaneous
Appointment: Bossaert Moreau Saman & Co (statutory auditor) · Permanent representative: Juan Diez Perez · Incorporation18 facts ▸
- Incorporation, 11-05-1990
- Incorporation, 22-02-1999
- Capital, €18,600 (2 times)
- Merger, “fusion par absorption, restructuration,sociétés détenues directement ou indirectement par trois actionnaires,objet social similaire,même siège,raisons historiqu…” (deed in French)
- Shareholding, “directement ou indirectement, les deux sociétés participant à la fusion” (deed in French) (3 times)
- Other provision, “valeur comptable de fonds propres, rapport d'échange” (deed in French)
- Other provision, “valorisation et nombre d'actions nouvelles”, EUR (deed in French)
- Share issue, 680, “selon l'allocation définie ci-après” (deed in French)
- Other provision, “attribution d'actions nouvelles dans le cadre de la fusion”, 4917 (deed in French) (3 times)
- Capital
- Accounting effect, 01-01-2023
- Other provision, “droits spéciaux” (deed in French)
- +6 further facts in this act
2022
01-07
NBB filing
Annual accounts filed
financial year 2021 · unclassified schema
Show earlier events
2021
17-08
NBB filing
Annual accounts filed
financial year 2020 · unclassified schema · 17 days late
2020
31-12
Financial
Highest result from 2018 to 2025net €116,728 ▲148%
Operating result €176,134, net result €116,728, both a record.
31-12
Financial
Equity above €500,000equity €600,526 ▲24.1%
A profit in every financial year since 2018 builds equity to €600,526.
08-10
NBB filing
Annual accounts filed
financial year 2019 · full format · 69 days late
2019
28-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 28 days late
2018
26-09
NBB filing
Annual accounts filed
financial year 2017 · full format · 57 days late
2017
24-08
NBB filing
Annual accounts filed
financial year 2016 · full format · 24 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 36 annual accounts filed, the latest 10 are here; all 36 are under Financials.
4 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded11-05-1990
Financial year end31-12
Activities, NACEBEL 2025
62100Computer programming
18130Pre-press and pre-media services
26110Manufacture of computer, electronic and optical products
26200Manufacture of computer, electronic and optical products
26300Manufacture of computer, electronic and optical products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440804820
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
549300NR1B73SJFMK148
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Brussel · 3 establishment units since 1990
Ground area
1,158 m²
Building footprint
882 m²
Building volume
10,804 m³
2 parcels, Brussels · tallest building 20.3 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
3 establishment units
PHIDANI SOFTWARE
since 1990unit no. 2.048.828.852
Kazernestraat 43, 1000 Brussel
since 2016unit no. 2.255.163.886
PHIDANI
since 2018unit no. 2.277.225.052
2 parcels
Brussels
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21305B0258/00G016 | Brussels | 696 m² | 1 · 697 m² | 19.3 m · 4 |
| 21810L2201/00V019 | Brussels | 462 m² | 2 · 184 m² | 20.3 m · 5 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La conception, l’adaptation et la promotion de logiciels et de programmes informatiques ainsi que la prestation de tous services relatifs à…” (deed in French)
3 activities (deed in French)
- La conception, l’adaptation et la promotion de logiciels et de programmes informatiques ainsi que la prestation de tous services relatifs à l’informatique et ses applications, en ce compris l’organisation de cours ou de stages ou l’enseignement de toutes matières s’y rapportant.
- L’achat, la vente, l’installation ou la réparation de tout matériel informatique, logiciel, programmes ou accessoires informatiques.
- La fourniture de tous travaux, services et conseils dans le domaine du management et du marketing, toutes activités se rapportant à l’étude, la création, le développement, la coordination, l’organisation et l’exploitation de toutes formules de distribution et de services intellectuels, administratifs, manuels ou matériels ; la participation dans toutes entreprises et leur gestion, le support administratif et logistique de toutes entreprises en ce compris le service de business center.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- RAINCODE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non, administrateurs non-statutaires révocables ad nutum…” (deed in French)deed of 08-12-2025
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 01-09-2023
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Droit égal dans la répartition des bénéfices et des produits de la liquidation, sauf disposition contraire, 4200” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)