Codux
ActiveCodux has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €291k and a net result of €8k. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 39% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-24
Solvency51▲+7
Growth84▼-1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.94 against 1.93 in 2024; short-term debt: 25.4% and cash: 0.6% of total assets), but 73.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
26.4%
Return on assets
0.7%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
4 d early
2024
24 d early
2023
20 d early
2022
1 d late
2021
5 d late
2020
19 d early
2019
22 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.63M▼ 34.4%
2024 · €2.48M
2018: €488k
2019: €631k
2020: €760k
2021: €1.38M
2022: €2.02M
2023: €2.23M
2024: €2.48M
2018 → 2025
EBIT margin
0.8%▼ 2.3pp
2024 · 3.1%
2018: -4.3%
2019: -42.6%
2020: 9.1%
2021: 10.5%
2022: 6.2%
2023: 12.9%
2024: 3.1%
2018 → 2025
Net result
€8k▼ 87.7%
2024 · €67k
2018: €-34k
2019: €-282k
2020: €51k
2021: €126k
2022: €106k
2023: €201k
2024: €67k
2018 → 2025
Working capital
€821k▲ 17.2%
2024 · €701k
2018: €7k
2019: €-273k
2020: €-220k
2021: €-94k
2022: €7k
2023: €364k
2024: €701k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.38M-€2.02M▲ 46.5%€2.23M▲ 10.5%€2.48M▲ 11.3%€1.63M▼ 34.4%
Equity€-92k-€14k€216k▲ 1,422%€282k▲ 31.0%€291k▲ 2.9%
Operating result€144k-€125k▼ 13.0%€287k▲ 129%€78k▼ 73.0%€13k▼ 82.7%
Net result€126k-€106k▼ 15.5%€201k▲ 89.4%€67k▼ 66.8%€8k▼ 87.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.10M
Fixed assets
€176▼ 96.1%
Current assets
€1.10M▼ 24.4%
Equity and liabilities €1.10M
Equity
€291k▲ 2.9%
Provisions
€248
Debt
€810k▼ 31.2%
The debt ratio falls from 80.7% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €82k
Cash flow
€12k▼
2024 · €71k
Solvency
26.4%▲
2024 · 19.3%
Current ratio
3.94▲
2024 · 1.93
Quick ratio
3.94▲
2024 · 1.93
Debt / equity
2.79▼
2024 · 4.17
ROE
2.8%▼
2024 · 23.7%
ROA
0.7%▼
2024 · 4.6%
Interest coverage
2.79▼
2024 · 8.30
Debt
€810k▼
2024 · €1.18M
Debt ≤ 1 year
€279k▼
2024 · €755k
Income taxes
€864▼
2024 · €1k
Staff costs
€321k▼
2024 · €505k
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€1.46M€1.10M▼
Fixed assets21/28€5k€176▼
Tangible fixed assets22/27€5k€176▼
Plant, machinery and equipment23€5k€176▼
Current assets29/58€1.46M€1.10M▼
Amounts receivable within one year40/41€978k€1.09M▲
Trade receivables40€702k€775k▲
Other amounts receivable41€276k€316k▲
Cash at bank and in hand54/58€6k€6k▲
Deferred charges and accrued income490/1€472k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.46M€1.10M▼
Equity10/15€282k€291k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€220k€228k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€63k€63k=
Distributable reserves133€151k€159k▲
Profit (loss) carried forward14€80€333▲
Provisions and deferred taxes16-€248
Provisions for liabilities and charges160/5-€248
Pensions and similar obligations160-€248
Amounts payable17/49€1.18M€810k▼
Amounts payable within one year42/48€755k€279k▼
Trade debts44€582k€130k▼
Suppliers440/4€582k€130k▼
Taxes, remuneration and social security45€144k€142k▼
Taxes450/3€102k€113k▲
Remuneration and social security454/9€42k€30k▼
Other amounts payable47/48€29k€7k▼
Accrued charges and deferred income492/3€423k€531k▲
Income statement
Code20242025
Turnover70€2.48M€1.63M▼
Non-recurring operating income76A-€14
Goods, raw materials, services and sundry goods60/61€1.87M€1.28M▼
Remuneration, social security and pensions62€505k€321k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€248
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A€29k€8k▼
Gross operating margin9900€620k€348k▼
Operating profit (loss)9901€78k€13k▼
Financial income75/76B€373€2k▲
Recurring financial income75€373€2k▲
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€68k€9k▼
Income taxes67/77€1k€864▼
Profit (loss) for the period9904€67k€8k▼
Profit (loss) for the period to be appropriated9905€67k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€8k▼
Profit (loss) brought forward from the previous period14P€164€80▼
Transfer to equity691/2€67k€8k▼
To other reserves6921€67k€8k▼
Social balance
Average headcount (FTE)90876.74.7▼
The notes to these accounts (7 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity doublescurrent ratio 3.94
Current ratio from 1.93 to 3.94; short-term debt falls from €755k to €279k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €201k ▲89.4%
Operating result €287k, net result €201k, both a record.
31-12
Financial
Equity above €200kEq €216k ▲1422%
4 profitable years in a row build equity to €216k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 1 day late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €51k
Net result €51k after 2 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-282k
Net result drops to €-282k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-07-2020
Comma group: Resigned as Director
10-10-2019
Dirk Deroost: Resigned as Director
01-03-2019
Comma Group NV: Resigned as Director
Location & real-estate footprint
Registered office, Kontich · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Veldkant 33 A2550 KontichGround area
3,333 m²
Building footprint
933 m²
Volume, LiDAR
7,846 m³
Parcel 11024B0079/00F000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Codux
since 20082.168.508.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0079/00F000 | Flanders | 3,333 m² | 1 · 932 m² | 10.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Ernst & Young Bedrijfsrevisoren Statutory auditor · represented by Ömer Turna | - → 01-01-2017 |
Show 2 earlier auditors
| EY Bedrijfsrevisoren BV Statutory auditor · represented by Paul Eelen | - → 28-09-2020 |
| KPMG Bedrijfsrevisoren CVBA Statutory auditor · represented by Dieter Vanloock | - → 07-04-2023 |
Structure & network
Connections & network
32 connected companiesNetwork connections
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Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 2,386 EUR awarded · 2,386 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 852 EUR | 852 EUR |
| 2023 | 1 | 1,534 EUR | 1,534 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 13,820 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-01-2008
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.