UDECODE
The computed 12-month bankruptcy probability of UDECODE is 1.5% (moderate). The 2024 annual accounts show equity of €61k and a net result of €-24k. Equity is shrinking by ~11.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 7320 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €61k |
| Net result | €-24k |
| Staff (FTE) | 2 |
| Better than sector | 49% |
Mixed profile: strong on stability, weaker on profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 64.2% | 65.1% | |
| Net result | €-24k | €32k | |
| Equity | €61k | €58k | |
| Gross operating margin | €28k | €52k | |
| Staff costs | €35k | €17k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-7k |
| Net profit | €-24k |
| Cash flow | €-7k |
| Staff costs | €35k |
| Income taxes | €0 |
| Dividends | - |
| Total assets | €95k |
| Equity | €61k |
| Debt | €34k |
| of which ≤ 1y | €34k |
| of which > 1y | - |
| Working capital | €23k |
| Employees (FTE) | 2.0 |
| 2024 | |
|---|---|
| Current ratio | 1.68 |
| Quick ratio | 1.68 |
| Working capital ratio | 24.5% |
| Solvency | 64.2% |
| Debt / equity | 0.56 |
| Long-term debt ratio | - |
| Interest coverage | -13.21 |
| Gross margin | - |
| Net margin | - |
| ROA | -25.7% |
| ROE | -40.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €95k |
| Fixed assets | 21/28 | €38k |
| Tangible fixed assets | 22/27 | €38k |
| Current assets | 29/58 | €57k |
| Amounts receivable within one year | 40/41 | €33k |
| Cash & bank | 54/58 | €23k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €95k |
| Equity | 10/15 | €61k |
| Contributions / capital | 10/11 | €2k |
| Accumulated profits (losses) | 14 | €59k |
| Amounts payable | 17/49 | €34k |
| Amounts payable within one year | 42/48 | €34k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Gross operating margin | 9900 | €28k |
| Operating result | 9901 | €-24k |
| Financial income | 75 | €170 |
| Financial charges | 65 | €525 |
| Result before taxes | 9903 | €-24k |
| Income taxes | 67/77 | €0 |
| Net result for the period | 9904 | €-24k |
| Result to be appropriated | 9905 | €-24k |
| NACE primary | Computer programming & consultancy(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 12-10-2021 |
| Status | Active |
| Postal code | 1160 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0165/00D002 | Brussels | 161 m² | 1 · 78 m² | 11.5 m · 2 fl. |
| 21002A0172/00B028 | Brussels | 109 m² | 1 · 109 m² | 14.4 m · 4 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | UDECODE |