USERCODLY
ActiveSummary
USERCODLY has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €189,393 and a net result of €12,069. Equity is growing by about 43% per year across the filed financial years. Its solvency ranks better than 82% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €189,393
- Profit
- €12,069
- Maxime MUSINDirector
Why 83raises risk1 change of registered office in 24 monthsSize: turnover €153,382, total assets €220,822Last filed accounts filed 19 days late; 2 of the last 3 latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, micro): better than 85% on solvency, 52% on liquidity, 45% on profitability and 55% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 67 days after 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)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (18 days) Filed on 18 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00039933.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen three years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
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).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% 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 34,693 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €220,245 | €134,530 | €153,382 | ▲ 14.0% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €118,305 | €83,903 | €118,059 | ▲ 40.7% |
| Remuneration, social security and pensions62 | - | - | - | €11,373 | €9,058 | €95 | €337 | ▲ 254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,933 | €1,395 | €2,070 | €2,080 | €4,998 | €14,517 | €19,913 | ▲ 37.2% |
| Other operating charges640/8 | - | - | - | €1,555 | €2,366 | €1,934 | €1,713 | ▼ 11.4% |
| Gross operating margin9900 | €66,040 | -€12,229 | €81,967 | €110,248 | €101,940 | €50,627 | €35,323 | ▼ 30.2% |
| Operating profit (loss)9901 | €60,111 | -€14,948 | €77,018 | €95,240 | €85,518 | €34,081 | €13,361 | ▼ 60.8% |
| Recurring financial income75 | €1 | - | €180 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €731 | €583 | €488 | €479 | ▼ 1.8% |
| Recurring financial charges65 | €610 | €363 | €748 | €731 | €86 | €488 | €479 | ▼ 1.8% |
| Non-recurring financial charges66B | - | - | - | - | €496 | - | - | - |
| Profit (loss) for the period before taxes9903 | €59,502 | -€15,311 | €76,450 | €94,509 | €84,935 | €33,593 | €12,882 | ▼ 61.7% |
| Income taxes67/77 | €22,100 | - | €21,434 | €24,247 | €25,181 | €13,323 | €813 | ▼ 93.9% |
| Profit (loss) for the period9904 | €37,402 | -€15,311 | €55,016 | €70,262 | €59,754 | €20,270 | €12,069 | ▼ 40.5% |
| Profit (loss) for the period to be appropriated9905 | €37,402 | -€15,311 | €55,016 | €70,262 | €59,754 | €20,270 | €12,069 | ▼ 40.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €74,632 | €65,975 | €92,270 | €143,570 | €195,544 | €226,622 | €220,822 | ▼ 2.6% |
| Formation expenses20 | €1,184 | €592 | - | - | - | - | - | - |
| Fixed assets21/28 | €2,277 | €1,934 | €4,648 | €22,371 | €52,300 | €67,683 | €56,980 | ▼ 15.8% |
| Tangible fixed assets22/27 | €2,277 | €1,934 | €4,648 | €22,371 | €52,300 | €67,683 | €56,980 | ▼ 15.8% |
| Land and buildings22 | - | - | - | €11,250 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €10,728 | - |
| Furniture and vehicles24 | - | - | - | €11,121 | €52,300 | €67,683 | €46,252 | ▼ 31.7% |
| Current assets29/58 | €71,171 | €63,449 | €87,622 | €121,199 | €143,245 | €158,940 | €163,842 | ▲ 3.1% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €43,500 | €82,500 | ▲ 89.7% |
| Other amounts receivable291 | - | - | - | - | - | €43,500 | €82,500 | ▲ 89.7% |
| Amounts receivable within one year40/41 | €50,226 | €39,164 | €28,644 | €50,719 | €48,427 | €62,231 | €44,126 | ▼ 29.1% |
| Trade receivables40 | - | - | - | €10,237 | €16,016 | €2,426 | €10,080 | ▲ 315% |
| Other amounts receivable41 | - | - | - | €40,482 | €32,410 | €59,805 | €34,046 | ▼ 43.1% |
| Cash at bank and in hand54/58 | €20,945 | €24,285 | €58,978 | €70,480 | €94,818 | €53,209 | €37,216 | ▼ 30.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €74,632 | €65,975 | €92,270 | €143,570 | €195,544 | €226,622 | €220,822 | ▼ 2.6% |
| Equity10/15 | €37,908 | €22,597 | €61,988 | €110,050 | €159,804 | €194,324 | €189,393 | ▼ 2.5% |
| Contributions10/11 | €4,750 | €4,750 | - | €4,750 | €4,750 | €19,000 | €19,000 | = |
| Capital10 | - | - | - | - | - | - | €19,000 | - |
| Issued capital100 | - | - | - | - | - | - | €19,000 | - |
| Reserves13 | €2,863 | €2,863 | €2,863 | €2,863 | €2,863 | €2,863 | €2,863 | = |
| Non-distributable reserves130/1 | - | - | - | - | €2,863 | €2,863 | €2,863 | = |
| Reserves not available under the articles1311 | - | - | - | - | €2,863 | €2,863 | €2,863 | = |
| Distributable reserves133 | - | - | - | €2,863 | - | - | - | - |
| Profit (loss) carried forward14 | €30,295 | €14,984 | €54,375 | €102,437 | €152,191 | €172,461 | €167,529 | ▼ 2.9% |
| Amounts payable17/49 | €36,724 | €43,378 | €30,282 | €33,520 | €35,740 | €32,298 | €31,429 | ▼ 2.7% |
| Amounts payable after more than one year17 | €1,533 | €1,533 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €35,191 | €41,845 | €30,282 | €33,520 | €35,740 | €32,298 | €31,429 | ▼ 2.7% |
| Trade debts44 | €2,057 | €5,541 | - | - | €3,754 | €2,175 | €3,429 | ▲ 57.6% |
| Suppliers440/4 | - | - | - | - | €3,754 | €2,175 | €3,429 | ▲ 57.6% |
| Taxes, remuneration and social security45 | - | - | - | €33,489 | €31,986 | €30,123 | €19,299 | ▼ 35.9% |
| Taxes450/3 | - | - | - | €31,815 | €31,986 | €29,522 | €18,698 | ▼ 36.7% |
| Remuneration and social security454/9 | - | - | - | €1,674 | - | €601 | €601 | = |
| Other amounts payable47/48 | - | - | - | €31 | - | - | €8,701 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,402 | -€15,311 | €55,016 | €70,262 | €59,754 | €20,270 | €12,069 | ▼ 40.5% |
| + Depreciation and write-downs630 | €1,933 | €1,395 | €2,070 | €2,080 | €4,998 | €14,517 | €19,913 | ▲ 37.2% |
| Operating cash flow (approximation) | €39,335 | -€13,916 | €57,086 | €72,342 | €64,752 | €34,786 | €31,981 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€1,052 | -€4,784 | -€19,803 | -€34,927 | -€29,899 | -€9,210 | ▲ 69.2% |
| Change in cash | - | €3,340 | €34,693 | €11,502 | €24,338 | -€41,609 | -€15,993 | ▲ 61.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 18-02-2026 | 2026-00039933 |
| 30-06-2024 | micro format | 09-04-2025 | 2025-00066312 |
| 30-06-2023 | micro format | 04-01-2025 | 2025-00000641 |
| 30-06-2022 | micro format | 09-05-2023 | 2023-00085208 |
| 30-06-2021 | micro format | 31-12-2021 | 2021-82300595 |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02300404 |
| 30-06-2019 | micro format | 13-01-2020 | 2020-01600128 |
| 30-06-2018 | micro format | 25-01-2019 | 2019-04000139 |
| 30-06-2017 | micro format | 23-02-2018 | 2018-05600581 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €281 awarded · €281 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Maxime MUSINfrom an act |
|
| Katty Marie Julienne LAURENT |
|
Owners and capital
Capital and shareholders
- 27-01-2025 Converted to unavailable equity · €4,750
Group and network
Connections & network
No directors read yet: 2 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
25-06
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, Elzenstraat,2 te 2580 Putte, Vlaams Gewest, België
27-01
Gazette deed
Resignation: Katty Marie Julienne LAURENT (director)Registered-office move · Legal form clause · Capital conversion12 facts ▸
- General meeting, 21-12-2023
- Registered-office move, 1700 Dilbeek, Maalbeekstraat 5B, bus 102
- Other provision, “confirmation de la soumission au Code des sociétés et des associations, confirme la soumission de la société aux dispositions du Code des sociétés et des associ…” (deed in Dutch)
- Legal form clause, “forme légale du Code des sociétés et des associations qui se rapproche le plus de son ancienne forme, société à responsabilité limitée (en abrégé SRL)” (deed in Dutch)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in Dutch)
- Reserve release, “compte de capitaux propres disponible” (deed in Dutch)
- Amendment of the articles
- Director in office, Maxime MUSIN (director)
- Director resignation, Katty Marie Julienne LAURENT (director)
- Director discharge, Katty Marie Julienne LAURENT
- Power of attorney
- Power of attorney, Harold BAUWENS
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12001C0121/00M000 | Flanders | 885 m² | 1 · 161 m² | 9.3 m · 2 |
| 53028B0135/00H004 | Wallonia | 653 m² | 1 · 99 m² | 7.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De creatie, ontwikkeling, marketing en beheer van producten met betrekking tot internet en print. Het internet omvat het maken, ontwikkelen…” (deed in Dutch)
7 activities (deed in Dutch)
- De creatie, ontwikkeling, marketing en beheer van producten met betrekking tot internet en print. Het internet omvat het maken, ontwikkelen, op de markt brengen en beheren van websites. Het bedrijf zal in staat zijn om de technische creatie van een site te garanderen, evenals alle procedures met betrekking tot het beheer van deze site, zoals de reservering van een domeinnaam en e-mailadressen, de hosting van de site, de verwijzingen ervan, statistieken gekoppeld aan het gebruik van de site… Print omvat de creatie, ontwikkeling en marketing van grafische producten zoals logo's, commerciële folders, visitekaartjes, brochures, posters, panelen, advertenties, posters, gedrukte publicaties (brochures, boeken, catalogi, tijdschriften, enz.) verpakking (zakjes, dozen, enz.), bedrukking, illustratie.
- Het bedrijf kan ook de verkoop en aankoop, zowel in de groothandel als in de detailhandel, uitvoeren van alle producten die verband houden met deze activiteit, zoals computers, alle soorten computerapparatuur en diverse materialen en ondersteuningen die de productie en marketing van deze producten mogelijk maken, inclusief levering en voorraadbeheer van deze goederen.
- Het ontwerp, de vervaardiging, de productie, de transformatie en de marketing van alle al dan niet vervaardigde objecten, producten en artikelen, documenten, licenties op het gebied van interieur- en exterieurontwerp, IT, e-commerce, telefonie, multimedia en kantoorautomatisering - het ontwerp, verkoop en levering van IT-applicaties en -oplossingen voor overheden, bedrijven of particulieren, evenals adviesopdrachten voor de creatie van deze applicaties en IT-oplossingen.
- Alle consultancyfuncties en/of diensten die verband houden met de voornoemde domeinen, advies, opleiding in brede zin en bestemd voor alle doelgroepen, zowel professioneel als particulier, technische expertise, bijstand, technische interventies, de functie van intermediair op voornoemde domeinen.
- Het bedrijf kan ook alle activiteiten uitoefenen die verband houden met evenementen die verband houden met de motorsport, zoals de promotie, organisatie, alleen of met derden, het beheer van elk evenement of elke show die verband houdt met de organisatie van sportieve of artistieke evenementen, culturele, commerciële en/of conferenties van alle soorten, De organisatie van cursussen, seminars, incentives, recreatieve activiteiten voor alle doelgroepen, evenals advies voor de organisatie en het beheer van zakelijke en sponsorprospectie.
- Alle vastgoed- of grondtransacties of -werkzaamheden, en in het bijzonder de aankoop, verkoop, ruil, bouw, reparatie, transformatie, leasing van onroerend goed, verhuur en beheer van alle gebouwde of onbebouwde onroerende goederen, evenals alle roerende transacties en in het bijzonder de aankoop, verkoop, verhuur en beheer van alle roerende zaken. Om haar maatschappelijk voorwerp te verwezenlijken, kan de vennootschap, zonder dat dit beperkend is, alle opdrachten, expertise op het gebied van vastgoedaangelegenheden, alle makelaarsactiviteiten in onroerend goed en effecten uitoefenen, het beheer van onroerend goed en effecten verzekeren, tussenkomen in advieszaken en implementatie in economische, financiële en monetaire aangelegenheden, het verzekeren of coördineren van de implementatie van vastgoedprojecten. Het kan dus op de korte, middellange en lange termijn beleggen, beurstransacties, beleggingen, aankopen en verkopen op de aandelenmarkt uitvoeren; gebouwen oprichten of laten oprichten; inrichten of ze laten inrichten; gebouwen huren en verhuren; alle werkzaamheden uitvoeren om het winstgevend te maken, gronden onderverdelen, de noodzakelijke wegen aanleggen; het afsluiten van alle leasecontracten; erfpacht op gronden nemen of geven.
- Zij beschikt over het algemeen over de volledige rechtsbevoegdheid om alle handelingen en handelingen uit te voeren die direct of indirect verband houden met haar vennootschapsvoorwerp of die de verwezenlijking van dit voorwerp direct of indirect, geheel of gedeeltelijk, zouden kunnen vergemakkelijken. Zij kan door middel van vereniging, inbreng, fusie, financiële tussenkomst of anderszins een belang nemen in elke vennootschap, vereniging of onderneming met hetzelfde voorwerp, analoog of gerelateerd is aan de eigen onderneming of waarvan het waarschijnlijk is dat zij de ontwikkeling van haar bedrijf zal bevorderen of een afzetmarkt zal vormen. In het algemeen kan zij elke algemeen willekeurige commerciële, ambachtelijke, industriële, financiële, roerende of vastgoedtransactie uitvoeren die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband houdt met haar vennootschapsvoorwerp en die dit voorwerp, of indirect zijn industrie en handel, waarschijnlijk rechtstreeks zou bevorderen of uitbreiden. De vennootschap kan ook de functies van bewindvoerder, zaakvoerder of vereffenaar in andere vennootschappen uitoefenen. Zij kan ook optreden als borg en een persoonlijke of zakelijke zekerheid stellen ten gunste van iedere natuurlijke of rechtspersoon, al dan niet verbonden.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- USERCODLY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, kan bij enkel besluit van het bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)“Al dan niet ten kosteloze titel, algemene kosten los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, gelijk recht in de winstverdeling” (deed in Dutch)“Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s), elke overdracht onder levenden ten bezwarende of kosteloze…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven, personen waaraan volgens de wet of artikel negen de aandelen vrij mogen worden…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed