ECODER
ActiveSummary
ECODER has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €281k and a net result of €52k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 56% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-16
Solvency91▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.02 in 2024; short-term debt: 34.4% and cash: 19.5% of total assets), and 34.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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
65.6%
Return on assets
12.1%
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 14-04-2026, 108 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
108 d early
2024
on the day
2023
on the day
2022
6 d early
2021
31 d late
2020
1 d early
2019
31 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
€281k▼ 8.0%
2024 · €305k
2019: €114klowest in 7 years
2020: €177k▲ +54.8% vs 2019
2021: €254k▲ +43.9% vs 2020
2022: €363k▲ +43.0% vs 2021
2023: €394k▲ +8.5% vs 2022highest in 7 years
2024: €305k▼ -22.7% vs 2023
2025: €281k▼ -8.0% vs 2024
2019 → 2025
Total assets
€428k▼ 19.4%
2024 · €531k
2019: €237klowest in 7 years
2020: €436k▲ +83.7% vs 2019
2021: €413k▼ -5.3% vs 2020
2022: €428k▲ +3.8% vs 2021
2023: €461k▲ +7.7% vs 2022
2024: €531k▲ +15.1% vs 2023highest in 7 years
2025: €428k▼ -19.4% vs 2024
2019 → 2025
Net result
€52k▼ 61.9%
2024 · €136k
2019: €108k
2020: €62k▼ -42.1% vs 2019
2021: €78k▲ +24.1% vs 2020
2022: €97k▲ +24.8% vs 2021
2023: €183k▲ +88.6% vs 2022highest in 7 years
2024: €136k▼ -25.7% vs 2023
2025: €52k▼ -61.9% vs 2024lowest in 7 years
2019 → 2025
Working capital
€3k▼ 19.2%
2024 · €4k
2019: €65k
2020: €-7k▼ -111% vs 2019lowest in 7 years
2021: €61k▲ +978% vs 2020
2022: €93k▲ +51.6% vs 2021highest in 7 years
2023: €73k▼ -20.8% vs 2022
2024: €4k▼ -94.8% vs 2023
2025: €3k▼ -19.2% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€254k-€363k▲ 43.0%€394k▲ 8.5%€305k▼ 22.7%€281k▼ 8.0%
2021: €254klowest in 5 years
2022: €363k▲ +43.0% vs 2021
2023: €394k▲ +8.5% vs 2022highest in 5 years
2024: €305k▼ -22.7% vs 2023
2025: €281k▼ -8.0% vs 2024
Operating result€103k-€123k▲ 18.9%€248k▲ 102%€178k▼ 28.1%€70k▼ 60.8%
2021: €103k
2022: €123k▲ +18.9% vs 2021
2023: €248k▲ +102% vs 2022highest in 5 years
2024: €178k▼ -28.1% vs 2023
2025: €70k▼ -60.8% vs 2024lowest in 5 years
Net result€78k-€97k▲ 24.8%€183k▲ 88.6%€136k▼ 25.7%€52k▼ 61.9%
2021: €78k
2022: €97k▲ +24.8% vs 2021
2023: €183k▲ +88.6% vs 2022highest in 5 years
2024: €136k▼ -25.7% vs 2023
2025: €52k▼ -61.9% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 61% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €428k
Fixed assets
€278k ▼ 7.8%
Current assets
€150k ▼ 34.6%
Equity and liabilities €428k
Equity
€281k ▼ 8.0%
Debt
€147k ▼ 34.8%
Debt's share of the balance-sheet total falls from 42.6% to 34.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€98k▼
2024 · €208k
Cash flow
€80k▼
2024 · €165k
Current ratio
1.02▲
2024 · 1.02
Quick ratio
1.00▼
2024 · 1.00
Debt to equity
0.53▼
2024 · 0.74
ROE
18.4%▼
2024 · 44.5%
ROA
12.1%▼
2024 · 25.5%
Interest coverage
16.53▼
2024 · 33.01
Debt ≤ 1 year
€147k▼
2024 · €226k
Income taxes
€14k▼
2024 · €39k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€531k€428k▼
Fixed assets21/28€301k€278k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€301k€278k▼
Land and buildings22€249k€237k▼
Plant, machinery and equipment23€33k€25k▼
Furniture and vehicles24€19k€16k▼
Current assets29/58€230k€150k▼
Stocks and contracts in progress3€3k€3k▼
Stocks30/36€3k€3k▼
Amounts receivable within one year40/41€132k€32k▼
Trade receivables40€64k€29k▼
Other amounts receivable41€68k€3k▼
Cash at bank and in hand54/58€89k€84k▼
Deferred charges and accrued income490/1€6k€32k▲
Equity and liabilities
Total equity and liabilities10/49€531k€428k▼
Equity10/15€305k€281k▼
Contributions10/11€19k€19k=
Reserves13€286k€262k▼
Tax-exempt reserves132€2k€2k=
Distributable reserves133€285k€261k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€226k€147k▼
Amounts payable within one year42/48€226k€147k▼
Trade debts44€997€2k▲
Suppliers440/4€997€2k▲
Taxes, remuneration and social security45€34k€12k▼
Taxes450/3€34k€12k▼
Other amounts payable47/48€191k€134k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€28k▼
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€211k€101k▼
Operating profit (loss)9901€178k€70k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€175k€65k▼
Income taxes67/77€39k€14k▼
Profit (loss) for the period9904€136k€52k▼
Profit (loss) for the period to be appropriated9905€136k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€136k€52k▼
Transfer from equity791/2€89k€24k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€225k€76k▼
Return on contributions (dividend)694€225k€76k▼
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €50 | - | €3k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €27k | €30k | €30k | €28k | ▼ 4.6% |
| Other operating charges640/8 | €686 | €1k | €6k | €1k | €3k | ▲ 95.6% |
| Non-recurring operating charges66A | €11k | - | €5k | €2k | €0 | ▼ 100% |
| Gross operating margin9900 | €143k | €151k | €289k | €211k | €101k | ▼ 52.2% |
| Operating profit (loss)9901 | €103k | €123k | €248k | €178k | €70k | ▼ 60.8% |
| Financial income75/76B | - | €249 | €4 | €3k | €2k | ▼ 45.8% |
| Recurring financial income75 | - | €249 | €4 | €3k | €2k | ▼ 45.8% |
| Financial charges65/66B | €7k | €3k | €5k | €6k | €6k | ▼ 5.7% |
| Recurring financial charges65 | €7k | €3k | €5k | €6k | €6k | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €96k | €120k | €243k | €175k | €65k | ▼ 62.6% |
| Income taxes67/77 | €18k | €23k | €61k | €39k | €14k | ▼ 65.0% |
| Profit (loss) for the period9904 | €78k | €97k | €183k | €136k | €52k | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €78k | €97k | €183k | €136k | €52k | ▼ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €413k | €428k | €461k | €531k | €428k | ▼ 19.4% |
| Fixed assets21/28 | €317k | €327k | €321k | €301k | €278k | ▼ 7.8% |
| Intangible fixed assets21 | €3k | €1k | €254 | €0 | - | - |
| Tangible fixed assets22/27 | €314k | €326k | €321k | €301k | €278k | ▼ 7.8% |
| Land and buildings22 | €245k | €241k | €250k | €249k | €237k | ▼ 5.1% |
| Plant, machinery and equipment23 | €46k | €65k | €31k | €33k | €25k | ▼ 24.7% |
| Furniture and vehicles24 | €23k | €20k | €40k | €19k | €16k | ▼ 14.2% |
| Financial fixed assets28 | €300 | - | - | - | - | - |
| Current assets29/58 | €96k | €101k | €140k | €230k | €150k | ▼ 34.6% |
| Stocks and contracts in progress3 | - | €1k | €3k | €3k | €3k | ▼ 6.2% |
| Stocks30/36 | - | €1k | €3k | €3k | €3k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €34k | €35k | €97k | €132k | €32k | ▼ 75.9% |
| Trade receivables40 | €32k | €32k | €96k | €64k | €29k | ▼ 55.0% |
| Other amounts receivable41 | €2k | €3k | €1k | €68k | €3k | ▼ 95.6% |
| Cash at bank and in hand54/58 | €26k | €16k | €28k | €89k | €84k | ▼ 6.0% |
| Deferred charges and accrued income490/1 | €36k | €50k | €12k | €6k | €32k | ▲ 455% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €413k | €428k | €461k | €531k | €428k | ▼ 19.4% |
| Equity10/15 | €254k | €363k | €394k | €305k | €281k | ▼ 8.0% |
| Contributions10/11 | €6k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €248k | €345k | €376k | €286k | €262k | ▼ 8.5% |
| Tax-exempt reserves132 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €246k | €343k | €374k | €285k | €261k | ▼ 8.5% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €159k | €65k | €67k | €226k | €147k | ▼ 34.8% |
| Amounts payable after more than one year17 | €122k | €56k | €0 | - | - | - |
| Other amounts payable178/9 | €122k | €56k | €0 | - | - | - |
| Amounts payable within one year42/48 | €35k | €9k | €67k | €226k | €147k | ▼ 34.8% |
| Trade debts44 | €12k | €2k | €17k | €997 | €2k | ▲ 60.8% |
| Suppliers440/4 | €12k | €2k | €17k | €997 | €2k | ▲ 60.8% |
| Taxes, remuneration and social security45 | €23k | €7k | €11k | €34k | €12k | ▼ 64.0% |
| Taxes450/3 | €23k | €7k | €11k | €34k | €12k | ▼ 64.0% |
| Remuneration and social security454/9 | - | €7 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | €40k | €191k | €134k | ▼ 30.1% |
| Accrued charges and deferred income492/3 | €2k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €97k | €183k | €136k | €52k | ▼ 61.9% |
| + Depreciation and write-downs630 | €28k | €27k | €30k | €30k | €28k | ▼ 4.6% |
| Operating cash flow (approximation) | €105k | €124k | €213k | €165k | €80k | ▼ 51.6% |
| Investment in fixed assets (approximation) | - | €-37k | €-24k | €-10k | €-5k | ▲ 50.9% |
| Change in cash | - | €-10k | €13k | €61k | €-5k | ▼ 109% |
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
14-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €52k ▼61.9%
Net result drops to €52k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €183k ▲88.6%
Operating result €248k, net result €183k, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 11.41
Current ratio from 2.75 to 11.41; short-term debt falls from €35k to €9k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.75
Current ratio from 0.92 to 2.75; short-term debt falls from €90k to €35k.
31-12
Financial
Equity above €200kEq €254k ▲43.9%
3 profitable years in a row build equity to €254k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150kEq €177k ▲54.8%
2 profitable years in a row build equity to €177k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2019
Ground area
2,953 m²
Building footprint
204 m²
Volume, LiDAR
45 m³
Parcel 44017D1133/00D000, Flanders · tallest building 4.2 m. Linked by address, not a title deed.
1 establishment unit
ECODER
since 20192.286.492.116
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D1133/00D000 | Flanders | 2,953 m² | 1 · 204 m² | 4.2 m |
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 · 1 entry · 855 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 855 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,250 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
Founded27-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
63910Web portal activities
74120Graphic design and visual communication
Contact
Scores and ratios are computed by Checked and are not a credit decision.