Checked.be
Active
BE 0607.883.954Private limited company
EN-CODE SOLUTIONS
Ophaalbrugstraat 63 ·1200 Sint-Lambrechts-Woluwe, Belgium· 11 yrs active
Sector: Other information technology and computer services
(62900)
Conclusion
EN-CODE SOLUTIONS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €54k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 25% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €20k |
| Net result | €54k |
| Better than sector | 25% |
| Active | 11 yrs |
Financial profile
78
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
75
Profitability
100
Solvency
47
Growth
68
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2015, 11 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
75
/ 100
Excellent
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
68
2022
65
2023
75
2024
75
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.35 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.35 (≥ 1.0)
+5
Profitability
ROE 264% (≥ 10%)
+10
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-03-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 26.0% | 60.0% | |
| Net result | €54k | €29k | |
| Equity | €20k | €72k | |
| Gross operating margin | €71k | €55k | |
| Total assets | €79k | €141k |
€57k
-4.0%
22-25
€54k
+19.0%
22-25
€44k
-2.6%
22-25
€79k
-1.1%
22-25
€20k
0.0%
22-25
€20k
0.0%
22-25
€14k
+16.7%
22-25
€54k
+19.0%
22-25
€58k
-1.5%
22-25
€58k
-1.5%
22-25
1.35
+0.4%
22-25
1.35
+0.4%
22-25
26.0%
+1.1%
22-25
2.84
-1.5%
22-25
264.1%
+19.0%
22-25
68.7%
+20.4%
22-25
30.62
+46.0%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | €57k | €59k |
| Net profit | €54k | €45k | €36k | €37k |
| Cash flow | - | - | €44k | €46k |
| Staff costs | - | - | - | - |
| Income taxes | €14k | €12k | €11k | €11k |
| Dividends | €54k | €45k | €36k | - |
| Total assets | €79k | €80k | €105k | €107k |
| Equity | €20k | €20k | €20k | €20k |
| Debt | €58k | €59k | €85k | €87k |
| of which ≤ 1y | €58k | €59k | €85k | €87k |
| of which > 1y | - | - | - | - |
| Working capital | €20k | €20k | €20k | €12k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.35 | 1.35 | 1.24 | 1.14 |
| Quick ratio | 1.35 | 1.35 | 1.24 | 1.14 |
| Working capital ratio | 26.0% | 25.7% | 19.5% | 11.3% |
| Solvency | 26.0% | 25.7% | 19.5% | 19.1% |
| Debt / equity | 2.84 | 2.89 | 4.14 | 4.25 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | 30.62 | 20.97 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 68.7% | 57.1% | 34.4% | 34.8% |
| ROE | 264.1% | 221.9% | 176.8% | 182.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €79k | €80k | €105k | €107k |
| Fixed assets | 21/28 | - | - | - | €8k |
| Tangible fixed assets | 22/27 | - | - | - | €8k |
| Current assets | 29/58 | €79k | €80k | €105k | €99k |
| Amounts receivable within one year | 40/41 | €13k | €14k | €16k | €61k |
| Cash & bank | 54/58 | €64k | €64k | €87k | €37k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €79k | €80k | €105k | €107k |
| Equity | 10/15 | €20k | €20k | €20k | €20k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Amounts payable | 17/49 | €58k | €59k | €85k | €87k |
| Amounts payable within one year | 42/48 | €58k | €59k | €85k | €87k |
| Trade debts payable within one year | 44 | €1k | €1k | €2k | €965 |
| Income statement | |||||
| Gross operating margin | 9900 | €71k | €58k | €58k | €60k |
| Operating result | 9901 | €71k | €57k | €49k | €51k |
| Financial income | 75 | - | €2k | - | - |
| Financial charges | 65 | €2k | €2k | €2k | €3k |
| Result before taxes | 9903 | €68k | €58k | €47k | €48k |
| Income taxes | 67/77 | €14k | €12k | €11k | €11k |
| Net result for the period | 9904 | €54k | €45k | €36k | €37k |
| Result to be appropriated | 9905 | €54k | €45k | €36k | €37k |
Legal Structure
| NACE primary | Other information technology and computer services(62900) |
| Legal form | Private limited company(610) |
| Incorporation | 20-03-2015 |
| Status | Active |
| Postal code | 1200 |
Establishment units
Ophaalbrugstraat 63, 1200 Sint-Lambrechts-Woluwe
since 20152.245.392.028
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0124/00F002 | Brussels | 190 m² | 1 · 94 m² | 14.3 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €54k ▲19%
Operating result €71k, net result €54k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €36k ▼3.2%
Net result drops to €36k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Other information technology and computer services62900
Names & trade names
| Legal nameFR | EN-CODE SOLUTIONS |
Similar companies
Kick-Start
BE 0539.778.274 · Londerzeel
Delta Flow
BE 0558.935.576 · Watermaal-Bosvoorde
"INNO WAVE"
BE 0672.659.465 · Jette
BIRDSEYECONSULTING
BE 0672.884.545 · Asse
MZLP
BE 0693.880.986 · Sint-Gillis (bij-Brussel)