i-CoDe
ActiveSummary
i-CoDe has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103k and a net result of €21k. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 76% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-10
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.31 against 3.46 in 2024; short-term debt: 18.6% and cash: 52.5% of total assets), and 18.6% 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○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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
81.4%
Return on assets
16.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €103k
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
13 d early
2023
13 d early
2022
20 d early
2021
18 d early
2020
15 d early
2019
15 d early
← 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
€103k▲ 15.8%
2024 · €89k
2018: €123k
2019: €126k▲ +2.1% vs 2018
2020: €132k▲ +5.3% vs 2019
2021: €134k▲ +1.0% vs 2020highest in 8 years
2022: €78k▼ -41.9% vs 2021
2023: €72k▼ -7.3% vs 2022lowest in 8 years
2024: €89k▲ +23.9% vs 2023
2025: €103k▲ +15.8% vs 2024
2018 → 2025
Total assets
€127k▲ 12.3%
2024 · €113k
2018: €160k
2019: €157k▼ -1.9% vs 2018
2020: €161k▲ +2.4% vs 2019highest in 8 years
2021: €156k▼ -3.1% vs 2020
2022: €138k▼ -11.1% vs 2021
2023: €117k▼ -15.8% vs 2022
2024: €113k▼ -3.0% vs 2023lowest in 8 years
2025: €127k▲ +12.3% vs 2024
2018 → 2025
Net result
€21k▼ 24.8%
2024 · €28k
2018: €14k
2019: €11k▼ -23.8% vs 2018
2020: €7k▼ -36.6% vs 2019
2021: €1k▼ -80.2% vs 2020lowest in 8 years
2022: €24k▲ +1670% vs 2021
2023: €8k▼ -65.5% vs 2022
2024: €28k▲ +241% vs 2023highest in 8 years
2025: €21k▼ -24.8% vs 2024
2018 → 2025
Working capital
€78k▲ 33.3%
2024 · €59k
2018: €83k
2019: €75k▼ -10.6% vs 2018
2020: €87k▲ +17.1% vs 2019
2021: €103k▲ +18.3% vs 2020highest in 8 years
2022: €69k▼ -33.2% vs 2021
2023: €31k▼ -55.3% vs 2022lowest in 8 years
2024: €59k▲ +89.8% vs 2023
2025: €78k▲ +33.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€78k▼ 41.9%€72k▼ 7.3%€89k▲ 23.9%€103k▲ 15.8%
2021: €134khighest in 5 years
2022: €78k▼ -41.9% vs 2021
2023: €72k▼ -7.3% vs 2022lowest in 5 years
2024: €89k▲ +23.9% vs 2023
2025: €103k▲ +15.8% vs 2024
Operating result€3k-€34k▲ 1,111%€11k▼ 67.5%€39k▲ 258%€31k▼ 22.0%
2021: €3klowest in 5 years
2022: €34k▲ +1111% vs 2021
2023: €11k▼ -67.5% vs 2022
2024: €39k▲ +258% vs 2023highest in 5 years
2025: €31k▼ -22.0% vs 2024
Net result€1k-€24k▲ 1,670%€8k▼ 65.5%€28k▲ 241%€21k▼ 24.8%
2021: €1klowest in 5 years
2022: €24k▲ +1670% vs 2021
2023: €8k▼ -65.5% vs 2022
2024: €28k▲ +241% vs 2023highest in 5 years
2025: €21k▼ -24.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€25k ▼ 17.5%
Current assets
€102k ▲ 23.5%
Equity and liabilities €127k
Equity
€103k ▲ 15.8%
Debt
€24k ▼ 0.8%
Debt's share of the balance-sheet total falls from 21.0% to 18.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▼
2024 · €50k
Cash flow
€32k▼
2024 · €39k
Current ratio
4.31▲
2024 · 3.46
Debt to equity
0.23▼
2024 · 0.27
ROE
20.2%▼
2024 · 31.0%
ROA
16.4%▼
2024 · 24.5%
Interest coverage
77.83▼
2024 · 101.01
Debt ≤ 1 year
€24k▼
2024 · €24k
Income taxes
€9k▼
2024 · €11k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€127k▲
Fixed assets21/28€31k€25k▼
Tangible fixed assets22/27€31k€25k▼
Plant, machinery and equipment23€3k€6k▲
Furniture and vehicles24€28k€19k▼
Current assets29/58€82k€102k▲
Amounts receivable within one year40/41€9k€14k▲
Trade receivables40€7k€14k▲
Other amounts receivable41€2k€59▼
Current investments50/53€15k€15k=
Cash at bank and in hand54/58€56k€67k▲
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€113k€127k▲
Equity10/15€89k€103k▲
Contributions10/11€21k€19k▼
Reserves13€68k€85k▲
Distributable reserves133€68k€85k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€24k€24k▼
Amounts payable within one year42/48€24k€24k▼
Financial debts43€0€42▲
Credit institutions430/8€0€42▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€4k€8k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€18k€11k▼
Income statement
Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k▲
Other operating charges640/8€968€1k▲
Gross operating margin9900€51k€43k▼
Operating profit (loss)9901€39k€31k▼
Financial income75/76B€24€0▼
Recurring financial income75€24€0▼
Non-recurring financial income76B€0-
Financial charges65/66B€498€541▲
Recurring financial charges65€498€541▲
Profit (loss) for the period before taxes9903€39k€30k▼
Income taxes67/77€11k€9k▼
Profit (loss) for the period9904€28k€21k▼
Profit (loss) for the period to be appropriated9905€28k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€28k€21k▼
Transfer from equity791/2€11k€7k▼
Transfer to equity691/2€28k€21k▼
To other reserves6921€28k€21k▼
Profit to be distributed694/7€11k€7k▼
Return on contributions (dividend)694€11k€7k▼
The notes to these accounts (8 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 | - | €14k | €0 | - | €2k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €7k | €11k | €11k | €11k | ▲ 3.9% |
| Other operating charges640/8 | €1k | €1k | €1k | €968 | €1k | ▲ 39.4% |
| Gross operating margin9900 | €21k | €42k | €23k | €51k | €43k | ▼ 15.2% |
| Operating profit (loss)9901 | €3k | €34k | €11k | €39k | €31k | ▼ 22.0% |
| Financial income75/76B | €109 | €3 | €2k | €24 | €0 | ▼ 100% |
| Recurring financial income75 | €109 | €3 | €32 | €24 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | - | €2k | €0 | - | - |
| Financial charges65/66B | €291 | €426 | €441 | €498 | €541 | ▲ 8.6% |
| Recurring financial charges65 | €291 | €426 | €441 | €498 | €541 | ▲ 8.6% |
| Profit (loss) for the period before taxes9903 | €3k | €33k | €13k | €39k | €30k | ▼ 22.4% |
| Income taxes67/77 | €1k | €10k | €5k | €11k | €9k | ▼ 16.4% |
| Profit (loss) for the period9904 | €1k | €24k | €8k | €28k | €21k | ▼ 24.8% |
| Profit (loss) for the period to be appropriated9905 | €1k | €24k | €8k | €28k | €21k | ▼ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €156k | €138k | €117k | €113k | €127k | ▲ 12.3% |
| Fixed assets21/28 | €30k | €9k | €41k | €31k | €25k | ▼ 17.5% |
| Tangible fixed assets22/27 | €30k | €9k | €41k | €31k | €25k | ▼ 17.5% |
| Plant, machinery and equipment23 | €8k | €4k | €5k | €3k | €6k | ▲ 90.7% |
| Furniture and vehicles24 | €23k | €5k | €36k | €28k | €19k | ▼ 29.9% |
| Current assets29/58 | €125k | €130k | €75k | €82k | €102k | ▲ 23.5% |
| Amounts receivable within one year40/41 | €20k | €19k | €20k | €9k | €14k | ▲ 61.1% |
| Trade receivables40 | €11k | €12k | €16k | €7k | €14k | ▲ 113% |
| Other amounts receivable41 | €8k | €7k | €4k | €2k | €59 | ▼ 97.3% |
| Current investments50/53 | €15k | €15k | €15k | €15k | €15k | = |
| Cash at bank and in hand54/58 | €88k | €95k | €38k | €56k | €67k | ▲ 18.3% |
| Deferred charges and accrued income490/1 | €3k | €814 | €2k | €2k | €6k | ▲ 154% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €156k | €138k | €117k | €113k | €127k | ▲ 12.3% |
| Equity10/15 | €134k | €78k | €72k | €89k | €103k | ▲ 15.8% |
| Contributions10/11 | €19k | €19k | €21k | €21k | €19k | ▼ 13.5% |
| Reserves13 | €115k | €59k | €51k | €68k | €85k | ▲ 25.1% |
| Non-distributable reserves130/1 | €3k | €3k | €0 | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €0 | - | - | - |
| Distributable reserves133 | €112k | €56k | €51k | €68k | €85k | ▲ 25.1% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €22k | €61k | €45k | €24k | €24k | ▼ 0.8% |
| Amounts payable within one year42/48 | €22k | €61k | €45k | €24k | €24k | ▼ 0.8% |
| Financial debts43 | €43 | €15 | €408 | €0 | €42 | - |
| Credit institutions430/8 | €43 | €15 | €408 | €0 | €42 | - |
| Trade debts44 | €748 | €1k | €2k | €2k | €5k | ▲ 120% |
| Suppliers440/4 | €748 | €1k | €2k | €2k | €5k | ▲ 120% |
| Taxes, remuneration and social security45 | €20k | €23k | €21k | €4k | €8k | ▲ 116% |
| Taxes450/3 | €4k | €5k | €5k | €4k | €8k | ▲ 116% |
| Remuneration and social security454/9 | €17k | €18k | €16k | €0 | - | - |
| Other amounts payable47/48 | €816 | €37k | €21k | €18k | €11k | ▼ 37.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €24k | €8k | €28k | €21k | ▼ 24.8% |
| + Depreciation and write-downs630 | €17k | €7k | €11k | €11k | €11k | ▲ 3.9% |
| Operating cash flow (approximation) | €19k | €31k | €19k | €39k | €32k | ▼ 16.6% |
| Investment in fixed assets (approximation) | - | €15k | €-43k | €-537 | €-6k | ▼ 1,030% |
| Change in cash | - | €7k | €-56k | €18k | €10k | ▼ 43.1% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €103k ▲15.8%
8 profitable years in a row build equity to €103k.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €28k ▲241%
Operating result €39k, net result €28k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.46
Current ratio from 1.69 to 3.46; short-term debt falls from €45k to €24k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €1k ▼80.2%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Aalst · 1 establishment unit since 2002
Ground area
507 m²
Building footprint
147 m²
Volume, LiDAR
658 m³
Parcel 41019B0200/00F000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
i-CoDe
since 20022.114.731.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41019B0200/00F000 | Flanders | 507 m² | 1 · 147 m² | 7.2 m · 1 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
2024 · 1 entry · 480 EUR awarded · 480 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 480 EUR | 480 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. 6,944 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
Founded17-12-2002
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
95100Repair and maintenance of computers and communication equipment
Scores and ratios are computed by Checked and are not a credit decision.