CODE BRUSSELS
ActiveSummary
The computed 12-month bankruptcy probability of CODE BRUSSELS is 4.8% (elevated). The 2025 annual accounts show equity of €5k and a net result of €2k. Its solvency ranks better than 30% of 18400 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability50
Solvency35▼-65
Growth75
Track record82
Bankruptcy probability, 12 months
4.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.11; short-term debt: 89.8% and cash: 1.2% of total assets), and 89.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
144 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k▲ 97.1%
2024 · €3k
2024: €3k
2025: €5k▲ +97.1% vs 2024
2024 → 2025
Total assets
€48k▲ 1,832%
2024 · €3k
2024: €3k
2025: €48k▲ +1832% vs 2024
2024 → 2025
Net result
€2k
Working capital
€5k
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€3k-€5k▲ 97.1%
2024: €3k
2025: €5k▲ +97.1% vs 2024
Operating result€3k
Net result€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
2025 is the only fiscal year with figures: the operating result is €3k.
Balance-sheet composition
Equity and liabilities €48k
Equity
€5k
Debt
€43k
Debt finances 89.8% of the balance-sheet total.
Key figures and ratios
Current ratio
1.11
Quick ratio
0.07
Debt to equity
8.80
ROE
49.3%
ROA
5.0%
Debt ≤ 1 year
€43k
Income taxes
€910
Staff costs
€53k
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3k€48k▲
Current assets29/58€3k€48k▲
Stocks and contracts in progress3-€45k
Stocks30/36-€45k
Amounts receivable within one year40/41-€3k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€3k€583▼
Equity and liabilities
Total equity and liabilities10/49€3k€48k▲
Equity10/15€3k€5k▲
Contributions10/11€3k€3k=
Reserves13-€2k
Distributable reserves133-€2k
Amounts payable17/49-€43k
Amounts payable within one year42/48-€43k
Trade debts44-€14k
Suppliers440/4-€14k
Taxes, remuneration and social security45-€22k
Taxes450/3-€22k
Other amounts payable47/48-€7k
Income statement
Code20242025
Remuneration, social security and pensions62-€53k
Gross operating margin9900-€56k
Operating profit (loss)9901-€3k
Profit (loss) for the period before taxes9903-€3k
Income taxes67/77-€910
Profit (loss) for the period9904-€2k
Profit (loss) for the period to be appropriated9905-€2k
Appropriation of the result
Profit (loss) to be appropriated9906-€2k
Transfer to equity691/2-€2k
To other reserves6921-€2k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | - | €53k | - |
| Gross operating margin9900 | - | €56k | - |
| Operating profit (loss)9901 | - | €3k | - |
| Profit (loss) for the period before taxes9903 | - | €3k | - |
| Income taxes67/77 | - | €910 | - |
| Profit (loss) for the period9904 | - | €2k | - |
| Profit (loss) for the period to be appropriated9905 | - | €2k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €3k | €48k | ▲ 1,832% |
| Current assets29/58 | €3k | €48k | ▲ 1,832% |
| Stocks and contracts in progress3 | - | €45k | - |
| Stocks30/36 | - | €45k | - |
| Amounts receivable within one year40/41 | - | €3k | - |
| Other amounts receivable41 | - | €3k | - |
| Cash at bank and in hand54/58 | €3k | €583 | ▼ 76.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €3k | €48k | ▲ 1,832% |
| Equity10/15 | €3k | €5k | ▲ 97.1% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | - | €2k | - |
| Distributable reserves133 | - | €2k | - |
| Amounts payable17/49 | - | €43k | - |
| Amounts payable within one year42/48 | - | €43k | - |
| Trade debts44 | - | €14k | - |
| Suppliers440/4 | - | €14k | - |
| Taxes, remuneration and social security45 | - | €22k | - |
| Taxes450/3 | - | €22k | - |
| Other amounts payable47/48 | - | €7k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | - | €2k | - |
| Operating cash flow (approximation) | - | €2k | - |
| Change in cash | - | €-2k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
22-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 144 days late
NBB filing
0 of 3 acts read
About the unread acts
We know of 3 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
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2024
Ground area
3,285 m²
Building footprint
3,248 m²
Volume, LiDAR
44,925 m³
2 parcels, Brussels · tallest building 20.1 m, ±6 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
CODE BRUSSELS
since 20242.356.499.093
CODE BRUSSELS
since 20242.356.499.192
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1111/00B000 ProtectedArchitectural ensemble · MonumentDe Borse - uitbreiding van de bescherming met bepaalde delenSource ↗ |
Brussels | 3,019 m² | 1 · 2,983 m² | 20.1 m · 6 fl. |
| 21809K0121/00R000 | Brussels | 265 m² | 1 · 265 m² | 19.9 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
Meli & Mimi
BE 0525.958.645
Willebroek · Eq €4,998
OZYELKENCILER
BE 0476.126.280
Brussel · Eq €4,810
André Store
BE 1007.480.008
Deinze · Eq €4,802
L’EFFET PAPILLON
BE 0801.543.464
Mouscron · Eq €5,057
BRAGARD
BE 0453.128.471
Mont-Saint-Guibert · Eq €5,085
Of 6,498 companies in sector 47716 we hold annual accounts for 2,438. 914 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-02-2024
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47640Retail sale of games and toys
47721Retail sale of footwear
47770Retail sale of watches and jewellery
Scores and ratios are computed by Checked and are not a credit decision.