CodeSense
ActiveSummary
CodeSense has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €966k and a net result of €244k. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 1424 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+1
Solvency93▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.21 in 2024; short-term debt: 31.9% and cash: 0.9% of total assets), and 32% 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.
−lowers risk+raises 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
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
68%
Return on assets
17.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 5 filingsDeviation from the deadline
2025
24 d late
2024
26 d late
2023
8 d early
2022
4 d late
2021
5 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, full schema
Turnover
€3.48M▼ 10.5%
2024 · €3.89M
2021: €5.38Mhighest in 5 years
2022: €3.10M▼ -42.4% vs 2021lowest in 5 years
2023: €3.67M▲ +18.6% vs 2022
2024: €3.89M▲ +6.0% vs 2023
2025: €3.48M▼ -10.5% vs 2024
2021 → 2025
EBIT margin
11.2%▲ 2.1pp
2024 · 9.0%
2021: 5.4%lowest in 5 years
2022: 5.9%▲ +9.1% vs 2021
2023: 9.2%▲ +56.5% vs 2022
2024: 9.0%▼ -1.6% vs 2023
2025: 11.2%▲ +23.6% vs 2024highest in 5 years
2021 → 2025
Net result
€244k▲ 17.6%
2024 · €207k
2021: €158k
2022: €98k▼ -38.1% vs 2021lowest in 5 years
2023: €197k▲ +101% vs 2022
2024: €207k▲ +5.4% vs 2023
2025: €244k▲ +17.6% vs 2024highest in 5 years
2021 → 2025
Working capital
€935k▲ 45.7%
2024 · €642k
2021: €-91klowest in 5 years
2022: €34k▲ +138% vs 2021
2023: €321k▲ +830% vs 2022
2024: €642k▲ +99.9% vs 2023
2025: €935k▲ +45.7% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€5.38M-€3.10M▼ 42.4%€3.67M▲ 18.6%€3.89M▲ 6.0%€3.48M▼ 10.5%
2021: €5.38Mhighest in 5 years
2022: €3.10M▼ -42.4% vs 2021lowest in 5 years
2023: €3.67M▲ +18.6% vs 2022
2024: €3.89M▲ +6.0% vs 2023
2025: €3.48M▼ -10.5% vs 2024
Equity€220k-€318k▲ 44.5%€515k▲ 61.8%€722k▲ 40.2%€966k▲ 33.8%
2021: €220klowest in 5 years
2022: €318k▲ +44.5% vs 2021
2023: €515k▲ +61.8% vs 2022
2024: €722k▲ +40.2% vs 2023
2025: €966k▲ +33.8% vs 2024highest in 5 years
Operating result€289k-€182k▼ 37.2%€338k▲ 85.6%€352k▲ 4.3%€389k▲ 10.6%
2021: €289k
2022: €182k▼ -37.2% vs 2021lowest in 5 years
2023: €338k▲ +85.6% vs 2022
2024: €352k▲ +4.3% vs 2023
2025: €389k▲ +10.6% vs 2024highest in 5 years
Net result€158k-€98k▼ 38.1%€197k▲ 101%€207k▲ 5.4%€244k▲ 17.6%
2021: €158k
2022: €98k▼ -38.1% vs 2021lowest in 5 years
2023: €197k▲ +101% vs 2022
2024: €207k▲ +5.4% vs 2023
2025: €244k▲ +17.6% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€33k ▼ 59.9%
Current assets
€1.39M ▲ 18.4%
Equity and liabilities €1.42M
Equity
€966k ▲ 33.8%
Provisions
€1k ▲ 826%
Debt
€453k ▼ 14.6%
Debt's share of the balance-sheet total falls from 42.4% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€443k▼
2024 · €479k
Cash flow
€297k▼
2024 · €334k
Current ratio
3.07▲
2024 · 2.21
Debt to equity
0.47▼
2024 · 0.74
ROE
25.2%▼
2024 · 28.7%
ROA
17.2%▲
2024 · 16.5%
Interest coverage
8.12▲
2024 · 8.03
Debt ≤ 1 year
€453k▼
2024 · €530k
Income taxes
€101k▲
2024 · €90k
Staff costs
€1.93M▼
2024 · €2.19M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.25M€1.42M▲
Fixed assets21/28€81k€33k▼
Intangible fixed assets21€51k€15k▼
Tangible fixed assets22/27€30k€18k▼
Plant, machinery and equipment23€30k€18k▼
Other tangible fixed assets26€21-
Current assets29/58€1.17M€1.39M▲
Amounts receivable within one year40/41€1.13M€1.35M▲
Trade receivables40€545k€533k▼
Other amounts receivable41€581k€815k▲
Cash at bank and in hand54/58€15k€13k▼
Deferred charges and accrued income490/1€31k€27k▼
Equity and liabilities
Total equity and liabilities10/49€1.25M€1.42M▲
Equity10/15€722k€966k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€659k€903k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€63k€93k▲
Distributable reserves133€590k€804k▲
Profit (loss) carried forward14€603€793▲
Provisions and deferred taxes16€141€1k▲
Provisions for liabilities and charges160/5€141€1k▲
Pensions and similar obligations160€141€1k▲
Amounts payable17/49€531k€453k▼
Amounts payable within one year42/48€530k€453k▼
Trade debts44€181k€158k▼
Suppliers440/4€181k€158k▼
Taxes, remuneration and social security45€349k€288k▼
Taxes450/3€122k€99k▼
Remuneration and social security454/9€227k€188k▼
Other amounts payable47/48-€7k
Accrued charges and deferred income492/3€905€645▼
Income statement
Code20242025
Turnover70€3.89M€3.48M▼
Non-recurring operating income76A-€218
Goods, raw materials, services and sundry goods60/61€1.25M€1.14M▼
Remuneration, social security and pensions62€2.19M€1.93M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€127k€54k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€141€1k▲
Other operating charges640/8€15k€10k▼
Non-recurring operating charges66A€632-
Gross operating margin9900€2.69M€2.38M▼
Operating profit (loss)9901€352k€389k▲
Financial income75/76B€5k€9k▲
Recurring financial income75€5k€9k▲
Financial charges65/66B€60k€55k▼
Recurring financial charges65€60k€55k▼
Profit (loss) for the period before taxes9903€297k€344k▲
Income taxes67/77€90k€101k▲
Profit (loss) for the period9904€207k€244k▲
Transfer to tax-exempt reserves689€63k€29k▼
Profit (loss) for the period to be appropriated9905€144k€214k▲
Appropriation of the result
Profit (loss) to be appropriated9906€145k€215k▲
Profit (loss) brought forward from the previous period14P€637€603▼
Transfer to equity691/2€144k€214k▲
To other reserves6921€144k€214k▲
Social balance
Average headcount (FTE)908731.126.1▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €5.38M | €3.10M | €3.67M | €3.89M | €3.48M | ▼ 10.5% |
| Non-recurring operating income76A | - | - | - | - | €218 | - |
| Goods, raw materials, services and sundry goods60/61 | €3.09M | €1.07M | €1.32M | €1.25M | €1.14M | ▼ 8.7% |
| Remuneration, social security and pensions62 | €1.86M | €1.75M | €1.92M | €2.19M | €1.93M | ▼ 11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €165k | €121k | €128k | €127k | €54k | ▼ 57.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €141 | €1k | ▲ 726% |
| Other operating charges640/8 | €8k | €7k | €8k | €15k | €10k | ▼ 28.6% |
| Non-recurring operating charges66A | - | - | - | €632 | - | - |
| Gross operating margin9900 | €2.33M | €2.06M | €2.39M | €2.69M | €2.38M | ▼ 11.2% |
| Operating profit (loss)9901 | €289k | €182k | €338k | €352k | €389k | ▲ 10.6% |
| Financial income75/76B | €361 | €103 | €462 | €5k | €9k | ▲ 100% |
| Recurring financial income75 | €361 | €103 | €462 | €5k | €9k | ▲ 100% |
| Financial charges65/66B | €41k | €34k | €42k | €60k | €55k | ▼ 8.6% |
| Recurring financial charges65 | €41k | €34k | €42k | €60k | €55k | ▼ 8.6% |
| Profit (loss) for the period before taxes9903 | €248k | €148k | €296k | €297k | €344k | ▲ 15.9% |
| Income taxes67/77 | €90k | €50k | €99k | €90k | €101k | ▲ 11.8% |
| Profit (loss) for the period9904 | €158k | €98k | €197k | €207k | €244k | ▲ 17.6% |
| Transfer to tax-exempt reserves689 | - | - | - | €63k | €29k | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | €158k | €98k | €197k | €144k | €214k | ▲ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.00M | €872k | €1.23M | €1.25M | €1.42M | ▲ 13.4% |
| Fixed assets21/28 | €311k | €288k | €195k | €81k | €33k | ▼ 59.9% |
| Intangible fixed assets21 | €276k | €251k | €151k | €51k | €15k | ▼ 70.5% |
| Tangible fixed assets22/27 | €35k | €37k | €44k | €30k | €18k | ▼ 42.2% |
| Plant, machinery and equipment23 | €32k | €35k | €43k | €30k | €18k | ▼ 42.2% |
| Furniture and vehicles24 | €3k | €2k | €630 | - | - | - |
| Other tangible fixed assets26 | €513 | €349 | €185 | €21 | - | - |
| Financial fixed assets28 | €40 | €40 | €40 | - | - | - |
| Current assets29/58 | €690k | €584k | €1.03M | €1.17M | €1.39M | ▲ 18.4% |
| Amounts receivable within one year40/41 | €604k | €507k | €949k | €1.13M | €1.35M | ▲ 19.7% |
| Trade receivables40 | €344k | €435k | €530k | €545k | €533k | ▼ 2.2% |
| Other amounts receivable41 | €260k | €72k | €419k | €581k | €815k | ▲ 40.2% |
| Cash at bank and in hand54/58 | €38k | €18k | €34k | €15k | €13k | ▼ 14.5% |
| Deferred charges and accrued income490/1 | €48k | €59k | €49k | €31k | €27k | ▼ 11.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.00M | €872k | €1.23M | €1.25M | €1.42M | ▲ 13.4% |
| Equity10/15 | €220k | €318k | €515k | €722k | €966k | ▲ 33.8% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €157k | €255k | €452k | €659k | €903k | ▲ 36.9% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | - | - | €63k | €93k | ▲ 46.7% |
| Distributable reserves133 | €151k | €249k | €446k | €590k | €804k | ▲ 36.3% |
| Profit (loss) carried forward14 | €1k | €1k | €637 | €603 | €793 | ▲ 31.7% |
| Provisions and deferred taxes16 | - | - | - | €141 | €1k | ▲ 826% |
| Provisions for liabilities and charges160/5 | - | - | - | €141 | €1k | ▲ 826% |
| Pensions and similar obligations160 | - | - | - | €141 | €1k | ▲ 826% |
| Amounts payable17/49 | €781k | €554k | €712k | €531k | €453k | ▼ 14.6% |
| Amounts payable within one year42/48 | €781k | €550k | €712k | €530k | €453k | ▼ 14.6% |
| Trade debts44 | €157k | €219k | €337k | €181k | €158k | ▼ 12.6% |
| Suppliers440/4 | €157k | €219k | €337k | €181k | €158k | ▼ 12.6% |
| Taxes, remuneration and social security45 | €264k | €331k | €375k | €349k | €288k | ▼ 17.6% |
| Taxes450/3 | €98k | €117k | €147k | €122k | €99k | ▼ 18.8% |
| Remuneration and social security454/9 | €166k | €214k | €228k | €227k | €188k | ▼ 17.0% |
| Other amounts payable47/48 | €360k | - | - | - | €7k | - |
| Accrued charges and deferred income492/3 | - | €4k | €731 | €905 | €645 | ▼ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €158k | €98k | €197k | €207k | €244k | ▲ 17.6% |
| + Depreciation and write-downs630 | €165k | €121k | €128k | €127k | €54k | ▼ 57.8% |
| Operating cash flow (approximation) | €323k | €219k | €325k | €334k | €297k | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | €-98k | €-34k | €-14k | €-5k | ▲ 64.4% |
| Change in cash | - | €-20k | €16k | €-19k | €-2k | ▲ 88.9% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 24 days late
2025
31-12
Financial
Highest result since 2021net €244k ▲17.6%
Operating result €389k, net result €244k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €515k ▲61.8%
3 profitable years in a row build equity to €515k.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet €98k ▼38.1%
Net result drops to €98k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 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, Kontich · 1 establishment unit since 2020
Ground area
1.1 ha
Building footprint
955 m²
Volume, LiDAR
10,600 m³
Parcel 11024B0130/00C002, Flanders · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
25
companies at this address
See who is registered here
1 establishment unit
CodeSense
since 20202.300.387.365
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0130/00C002 | Flanders | 1.1 ha | 1 · 955 m² | 15.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 15,480 EUR awarded · 15,480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 14,185 EUR | 14,185 EUR |
| 2023 | 1 | 1,295 EUR | 1,295 EUR |
Schemes
Individueel Maatwerk
Vlaams opleidingsverlof (VOV)
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 8,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.