Equity
€8.1m ▼ 5.2%
CODELAM BELGIUM paid out €454,000 in dividends. That is 4,368% of the 2025 profit.
CODELAM BELGIUM
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €8.4m (2021)
€16,980▼ 33.8%
lowest -€653,051 (2022)
€10,393▲ €100,781
peak €9.4m (2021)
€8.1m▼ 5.2%
€2.6m▲ 43.2%
Board5 names since 2018
3 directorsPatricia DE GAVRE and 2 others
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from €25,642 to €16,980Back to profit: €10,393Dividend €454,000Debts from €1.8m to €2.6mInvestments €451,544
Key points
from the 2025 annual accountsResult
€10,393 €10,393
Back in profit in 2025, after a loss of €90,388 in 2024.
Turnover
≈ €130,000 estimated
The micro format states no turnover.
Debts
€2.6m ▲ 43.2%
Debts rose by €780,952 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€451,544 3.0 × depreciation
Green is investment, beige is depreciation. Machinery stands 191.4% higher than in 2024.
Liquidity
11.97 was 30.87 in 2024
Short-term debts rose from €235,433 to €609,808.
Checked score
93
Excellent
Financially stronger than 43% of medium-sized companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026highest value
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026lowest value
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 of the last 3 accounts late
Liquidity: current ratio 11.97, cash €122,089
lowers risk
Size: total assets €10.8m
Equity €8.1m (75.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 74% of them on solvency, 68% on liquidity, 11% on profitability and 20% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,887 companies had the same profile as CODELAM BELGIUM has now. Each dot stands for 5 companies, two years later.
97.9%
were still trading
2.0%
stopped another way
0.1%
went bankrupt
That fits the bankruptcy probability of CODELAM BELGIUM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,887 companies, not a prediction for CODELAM BELGIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 11.97 (30.87 in 2024), above the usual 1.5. Short-term debt is 5.7% and cash 1.1% of total assets. 24.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 days early
2024
36 days early
2023
54 days late
2022
42 days early
2021
24 days early
2020
54 days early
2019
58 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 29 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0403438143
Appointments: Blaise HOMMELEN (managing director) and Delphine HOMMELEN (managing director)
Board meeting of 17-10-2022 · Gazette deed
Appointment: Delphine Hommelen (director)
General meeting of 15-09-2022 · Gazette deed
1 director appointed, 3 resignations
Change of role: Patricia DE GAVRE, from director to successeur administrateur unique et statutaire · Appointment: Blaise HOMMELEN (director) · Resignations: Coline HOMMELEN, Delphine HOMMELEN and Amandine HOMMELEN · General meeting of 28-07-2021 · Gazette deed
Official details
Source: KBO- Status
- Active since 22-07-1953Normal situation
- Activity
- “Accomplir,en Belgique ou à l’étranger,toutes opérations industrielles,commerciales,mobilières,immobilières ou financières,de nature à favoriser ou étendre,directement…” (deed in French)From the articles, 12 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.010.532.1631150 Woluwe-Saint-Pierre, since 01-07-1953
- Financial year end
- 31 December
- Peppol
- Reachable since 16-06-2025
Annual accounts 2025
- €10.8m▲ 3.2%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on CODELAM BELGIUM
CODELAM BELGIUM files the micro format. That format states no turnover. The gross margin rose from €15,451 in 2006 to €16,980 in 2025.
In November 2022, the Official Gazette published the appointment of Delphine HOMMELEN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODELAM BELGIUM
- What is the company number of CODELAM BELGIUM?
- The company number of CODELAM BELGIUM is 0403.438.143. The VAT number is the same number with BE in front: BE 0403.438.143.
- Where is CODELAM BELGIUM based?
- The registered office is at Schermlaan 85, 1150 Woluwe-Saint-Pierre.Company details
- What is the legal form of CODELAM BELGIUM?
- CODELAM BELGIUM is a public limited company (NV).
- When was CODELAM BELGIUM founded?
- CODELAM BELGIUM was founded on 22-07-1953.
- Is CODELAM BELGIUM still active?
- Yes, CODELAM BELGIUM is an active enterprise in the KBO register.
- What is the turnover of CODELAM BELGIUM?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €16,980 and 6,297 comparable companies of the same size. It probably lies between €59,000 and €310,000. It is a rough estimate.Financials
- Is CODELAM BELGIUM profitable?
- In financial year 2025, CODELAM BELGIUM made a profit of €10,393.
- Where can I find the annual accounts of CODELAM BELGIUM?
- CODELAM BELGIUM filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODELAM BELGIUM due?
- CODELAM BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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