CODE CONSTRUCT
CODE CONSTRUCT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €172k. Equity is shrinking by ~20.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 32% of 7039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €129k |
| Net result | €172k |
| Better than sector | 32% |
| Active | 10 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
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 | 26.2% | 43.8% | |
| Net result | €172k | €8k | |
| Equity | €129k | €49k | |
| Gross operating margin | €249k | €32k | |
| Total assets | €494k | €130k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | - | - | - | - | - |
| Net profit | - | -279.5% | +77.5% | -24.8% | - |
| Cash flow | - | - | - | - | - |
| Staff costs | - | - | - | - | - |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | -37.7% | +2.6% | +2.6% | -1.1% | - |
| Equity | - | -46.0% | -13.8% | -159.0% | - |
| Debt | -63.8% | +4.2% | +2.9% | +1.0% | - |
| of which ≤ 1y | -63.8% | +4.2% | +2.9% | +1.0% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | -608.2% | -45.2% | -13.5% | -151.3% | - |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.00 | 0.95 | 0.96 | 0.97 | 0.99 |
| Quick ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working capital ratio | -61.1% | -5.4% | -3.8% | -3.4% | -1.4% |
| Solvency | 26.2% | -5.3% | -3.7% | -3.4% | -1.3% |
| Debt / equity | 2.34 | -19.83 | -27.79 | -30.72 | -78.79 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 34.7% | -1.7% | -0.5% | -2.1% | -1.6% |
| ROE | 132.6% | 31.5% | 12.1% | 61.4% | 127.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €494k | €794k | €774k | €755k | €763k |
| Fixed assets | 21/28 | €494k | €495 | €495 | €495 | €495 |
| Tangible fixed assets | 22/27 | €476k | - | - | - | €0 |
| Financial fixed assets | 28 | €18k | €495 | €495 | €495 | €495 |
| Current assets | 29/58 | €442 | €794k | €773k | €754k | €762k |
| Stocks & contracts in progress | 3 | - | €793k | €773k | €754k | €762k |
| Amounts receivable within one year | 40/41 | €438 | €438 | €438 | €146 | €116 |
| Cash & bank | 54/58 | €3 | - | €103 | - | €210 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €494k | €794k | €774k | €755k | €763k |
| Equity | 10/15 | €129k | €-42k | €-29k | €-25k | €-10k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | €20k |
| Reserves | 13 | €187k | - | - | - | - |
| Accumulated profits (losses) | 14 | €-78k | €-62k | €-49k | €-45k | €-30k |
| Provisions & deferred taxes | 16 | €62k | - | - | - | - |
| Amounts payable | 17/49 | €303k | €836k | €803k | €780k | €773k |
| Amounts payable within one year | 42/48 | €303k | €836k | €803k | €780k | €773k |
| Trade debts payable within one year | 44 | €31k | €387 | €390 | €5k | €15k |
| Income statement | ||||||
| Gross operating margin | 9900 | €249k | €-702 | €-2k | €-1k | €-1k |
| Operating result | 9901 | €246k | €-10k | €-2k | €-8k | €-7k |
| Financial charges | 65 | €12k | €4k | €1k | €8k | €5k |
| Result before taxes | 9903 | €234k | €-13k | €-4k | €-16k | €-12k |
| Net result for the period | 9904 | €172k | €-13k | €-4k | €-16k | €-12k |
| Result to be appropriated | 9905 | €-15k | €-13k | €-4k | €-16k | €-12k |
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2016 |
| Status | Active |
| Postal code | 7080 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51049A0156/00P000 | Wallonia | 1,130 m² | 1 · 127 m² | 10.9 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-06-2022 Registered office moved from Ville-Pommeroeul to Frameries
- Place des Hautchamps, 19 à 7322 Ville-Pommeroeul → avenue des nouvelles technologies, 41 à 7080 Frameries
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "avenue des nouvelles technologies, 41 \u00E0 7080 Frameries",
"city": "Frameries",
"region": "waals_gewest",
"street": "avenue des nouvelles technologies",
"country": "BE",
"postcode": "7080",
"box_number": null,
"street_number": "41",
"locality_suffix": null
},
"old_address": {
"raw": "Place des Hautchamps, 19 \u00E0 7322 Ville-Pommeroeul",
"city": "Ville-Pommeroeul",
"region": "waals_gewest",
"street": "Place des Hautchamps",
"country": "BE",
"postcode": "7322",
"box_number": null,
"street_number": "19",
"locality_suffix": null
},
"effective_date": "2022-05-20",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2022-06-21",
"filing_date": "2022-06-13",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-05-20",
"unanimous": null
},
"subject_company": {
"kbo": "0646.936.352",
"name_full": null,
"legal_form": "SRL",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bob Florin",
"org_rep_person_name": null,
"person_role_at_subject": "administrateur"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad",
"Annexes du Moniteur belge"
]
}| Legal nameFR | CODE CONSTRUCT |