USERCODLY
ActiveUSERCODLY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189k and a net result of €12k. Equity is growing by ~42.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent▼ -9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability65▼-19
Solvency100=
Growth35=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.21 against 4.92 in 2024), and 14.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.8%
Return on assets
5.5%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-02-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
18 d late
2024
68 d late
2023
339 d late
2022
98 d late
2021
31 d early
2020
3 d early
2019
18 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€153k▲ 14.0%
2024 · €135k
2023: €220k
2024: €135k
2023 → 2025
EBIT margin
8.7%▼ 16.6pp
2024 · 25.3%
2023: 38.8%
2024: 25.3%
2023 → 2025
Net result
€12k▼ 40.5%
2024 · €20k
2019: €37k
2020: €-15k
2021: €55k
2022: €70k
2023: €60k
2024: €20k
2019 → 2025
Working capital
€132k▲ 4.6%
2024 · €127k
2019: €36k
2020: €22k
2021: €57k
2022: €88k
2023: €108k
2024: €127k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€220k€135k▼ 38.9%€153k▲ 14.0%
Equity€62k-€110k▲ 77.5%€160k▲ 45.2%€194k▲ 21.6%€189k▼ 2.5%
Operating result€77k-€95k▲ 23.7%€86k▼ 10.2%€34k▼ 60.1%€13k▼ 60.8%
Net result€55k-€70k▲ 27.7%€60k▼ 15.0%€20k▼ 66.1%€12k▼ 40.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 61% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €221k
Fixed assets
€57k▼ 15.8%
Current assets
€164k▲ 3.1%
Equity and liabilities €221k
Equity
€189k▼ 2.5%
Debt
€31k▼ 2.7%
The debt ratio stays at 14.2%.
Key figures and ratios
EBITDA
€33k▼
2024 · €49k
Cash flow
€32k▼
2024 · €35k
Solvency
85.8%=
2024 · 85.7%
Current ratio
5.21▲
2024 · 4.92
Quick ratio
5.21▲
2024 · 4.92
Debt / equity
0.17▼
2024 · 0.17
ROE
6.4%▼
2024 · 10.4%
ROA
5.5%▼
2024 · 8.9%
Interest coverage
69.44▼
2024 · 99.56
Debt
€31k▼
2024 · €32k
Debt ≤ 1 year
€31k▼
2024 · €32k
Income taxes
€813▼
2024 · €13k
Staff costs
€337▲
2024 · €95
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€227k€221k▼
Fixed assets21/28€68k€57k▼
Tangible fixed assets22/27€68k€57k▼
Plant, machinery and equipment23-€11k
Furniture and vehicles24€68k€46k▼
Current assets29/58€159k€164k▲
Amounts receivable after more than one year29€44k€83k▲
Other amounts receivable291€44k€83k▲
Amounts receivable within one year40/41€62k€44k▼
Trade receivables40€2k€10k▲
Other amounts receivable41€60k€34k▼
Cash at bank and in hand54/58€53k€37k▼
Equity and liabilities
Total equity and liabilities10/49€227k€221k▼
Equity10/15€194k€189k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€172k€168k▼
Amounts payable17/49€32k€31k▼
Amounts payable within one year42/48€32k€31k▼
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€30k€19k▼
Taxes450/3€30k€19k▼
Remuneration and social security454/9€601€601=
Other amounts payable47/48-€9k
Income statement
Code20242025
Turnover70€135k€153k▲
Goods, raw materials, services and sundry goods60/61€84k€118k▲
Remuneration, social security and pensions62€95€337▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€20k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€51k€35k▼
Operating profit (loss)9901€34k€13k▼
Financial charges65/66B€488€479▼
Recurring financial charges65€488€479▼
Profit (loss) for the period before taxes9903€34k€13k▼
Income taxes67/77€13k€813▼
Profit (loss) for the period9904€20k€12k▼
Profit (loss) for the period to be appropriated9905€20k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€172k€185k▲
Profit (loss) brought forward from the previous period14P€152k€172k▲
Profit to be distributed694/7-€17k
Directors or managers695-€17k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
09-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 339 days late
2023
30-06
Financial
Equity above €150kEq €160k ▲45.2%
3 profitable years in a row build equity to €160k.
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 98 days late
2022
30-06
Financial
Highest result since 2019net €70k ▲27.7%
Operating result €95k, net result €70k, both a record.
30-06
Financial
Equity above €100kEq €110k ▲77.5%
2 profitable years in a row build equity to €110k.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-15k ▼141%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
13-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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.
Directors · office · real estate
Directors
2 directors, last change in 2025
Maxime MUSIN
CurrentManaging director · since 27-01-2025
27-01-2025
Maxime MUSIN: Appointed as Managing director
27-01-2025
Katty Marie Julienne LAURENT: Resigned as Managing director
Not every act has been read: a resignation may be missing here
5 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Putte · 1 establishment unit since 2016
Ground area
1,538 m²
Building footprint
261 m²
Volume, LiDAR
1,511 m³
2 parcels, Flanders, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
USERCODLY
since 20162.258.036.472
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12001C0121/00M000 | Flanders | 885 m² | 1 · 161 m² | 9.3 m · 2 fl. |
| 53028B0135/00H004 | Wallonia | 653 m² | 1 · 99 m² | 7.1 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 16,807 companies in sector 62100 we hold annual accounts for 8,747. 6,646 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-06-2016
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62030Computer programming, consultancy and related activities
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
73110Advertising agencies
77210Renting and leasing of sports and recreation goods
85510Sports and recreation education
93110Operation of sports facilities
93129Activities of other sports clubs
93192Activities of independent sportspeople
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.