CODACOM
ActiveSummary
CODACOM has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,571 and a net result of €1,899. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 41% of 39,121 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €99,571
- Profit
- €1,899
Why 92lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €223,019Liquidity: current ratio 0.34, cash €33,528Equity €99,571 (44.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 70, micro): better than 42% on solvency, 20% on liquidity, 33% on profitability and 45% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €1,899
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €3,797 after a loss of €1,655 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.1% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,353 | €25,353 | €24,557 | €24,557 | €24,557 | €31,377 | €37,108 | €37,108 | = |
| Other operating charges640/8 | - | - | - | €410 | €410 | €728 | €710 | €711 | ▲ 0.1% |
| Gross operating margin9900 | €55,466 | €57,309 | €41,604 | €47,597 | €64,188 | €38,050 | €36,163 | €41,616 | ▲ 15.1% |
| Operating profit (loss)9901 | €29,703 | €31,547 | €16,637 | €22,631 | €39,221 | €5,945 | -€1,655 | €3,797 | - |
| Financial income75/76B | - | - | - | - | €10 | - | €0 | €0 | = |
| Recurring financial income75 | - | - | - | - | €10 | - | €0 | €0 | = |
| Financial charges65/66B | - | - | - | €4,180 | €2,979 | €2,371 | €1,712 | €999 | ▼ 41.7% |
| Recurring financial charges65 | €9,285 | €7,640 | €5,929 | €4,180 | €2,979 | €2,371 | €1,712 | €999 | ▼ 41.7% |
| Profit (loss) for the period before taxes9903 | €20,419 | €23,906 | €10,708 | €18,451 | €36,251 | €3,574 | -€3,367 | €2,798 | - |
| Income taxes67/77 | €1,509 | €2,173 | €973 | €2,178 | €11,563 | €1,668 | €248 | €899 | ▲ 263% |
| Profit (loss) for the period9904 | €18,910 | €21,733 | €9,735 | €16,273 | €24,689 | €1,906 | -€3,615 | €1,899 | - |
| Profit (loss) for the period to be appropriated9905 | €18,910 | €21,733 | €9,735 | €16,273 | €24,689 | €1,906 | -€3,615 | €1,899 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €343,502 | €331,422 | €303,130 | €281,118 | €294,391 | €278,684 | €257,806 | €223,019 | ▼ 13.5% |
| Fixed assets21/28 | €314,168 | €293,115 | €268,558 | €244,001 | €219,443 | €253,585 | €218,476 | €181,368 | ▼ 17.0% |
| Tangible fixed assets22/27 | €313,841 | €292,788 | €268,230 | €243,673 | €219,116 | €253,257 | €218,149 | €181,040 | ▼ 17.0% |
| Land and buildings22 | - | - | - | €3,512 | €2,634 | €1,756 | €878 | - | - |
| Plant, machinery and equipment23 | - | - | - | €227,740 | €204,966 | €187,671 | €164,344 | €141,017 | ▼ 14.2% |
| Furniture and vehicles24 | - | - | - | €12,422 | €11,516 | €63,830 | €52,927 | €40,023 | ▼ 24.4% |
| Financial fixed assets28 | €328 | €328 | €328 | €328 | €328 | €328 | €328 | €328 | = |
| Current assets29/58 | €29,334 | €38,306 | €34,572 | €37,117 | €74,948 | €25,100 | €39,329 | €41,650 | ▲ 5.9% |
| Amounts receivable within one year40/41 | €7,056 | €6,423 | €5,400 | €4,419 | €5,837 | €7,391 | €11,918 | €6,164 | ▼ 48.3% |
| Trade receivables40 | - | - | - | €3,836 | €3,865 | €603 | €2,715 | €3,446 | ▲ 27.0% |
| Other amounts receivable41 | - | - | - | €583 | €1,972 | €6,788 | €9,203 | €2,718 | ▼ 70.5% |
| Cash at bank and in hand54/58 | €21,381 | €30,969 | €28,257 | €31,779 | €68,147 | €15,855 | €25,536 | €33,528 | ▲ 31.3% |
| Deferred charges and accrued income490/1 | - | - | - | €919 | €964 | €1,855 | €1,876 | €1,958 | ▲ 4.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €343,502 | €331,422 | €303,130 | €281,118 | €294,391 | €278,684 | €257,806 | €223,019 | ▼ 13.5% |
| Equity10/15 | €26,952 | €48,685 | €58,419 | €74,692 | €99,381 | €101,287 | €97,672 | €99,571 | ▲ 1.9% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €16,952 | €38,685 | €48,419 | €64,692 | €89,381 | €91,287 | €89,427 | €89,571 | ▲ 0.2% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €62,832 | €87,521 | €91,287 | €89,427 | €89,571 | ▲ 0.2% |
| Profit (loss) carried forward14 | -€12,133 | -€1,958 | - | - | - | - | -€1,755 | - | - |
| Amounts payable17/49 | €316,550 | €282,737 | €244,711 | €206,426 | €195,010 | €177,397 | €160,134 | €123,448 | ▼ 22.9% |
| Amounts payable after more than one year17 | €134,145 | €97,641 | €61,590 | €49,050 | €35,882 | €22,054 | €7,532 | - | - |
| Financial debts170/4 | - | - | - | €49,050 | €35,882 | €22,054 | €7,532 | - | - |
| Amounts payable within one year42/48 | €181,690 | €184,524 | €182,699 | €157,111 | €158,917 | €155,188 | €152,503 | €123,411 | ▼ 19.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,558 | €14,237 | €14,951 | €15,700 | €8,770 | ▼ 44.1% |
| Trade debts44 | €52 | €465 | - | €10 | €1,047 | €630 | €675 | €684 | ▲ 1.4% |
| Suppliers440/4 | - | - | - | €10 | €1,047 | €630 | €675 | €684 | ▲ 1.4% |
| Taxes, remuneration and social security45 | - | - | - | €3,151 | €3,240 | - | - | - | - |
| Taxes450/3 | - | - | - | €3,151 | €3,240 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €140,392 | €140,392 | €139,607 | €136,129 | €113,957 | ▼ 16.3% |
| Accrued charges and deferred income492/3 | - | - | - | €264 | €211 | €156 | €98 | €37 | ▼ 62.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,910 | €21,733 | €9,735 | €16,273 | €24,689 | €1,906 | -€3,615 | €1,899 | - |
| + Depreciation and write-downs630 | €25,353 | €25,353 | €24,557 | €24,557 | €24,557 | €31,377 | €37,108 | €37,108 | = |
| Operating cash flow (approximation) | €44,263 | €47,086 | €34,292 | €40,830 | €49,246 | €33,283 | €33,493 | €39,007 | ▲ 16.5% |
| Investment in fixed assets (approximation) | - | -€4,300 | €0 | €0 | €0 | -€65,519 | -€2,000 | €0 | - |
| Change in cash | - | €9,587 | -€2,712 | €3,523 | €36,368 | -€52,292 | €9,681 | €7,992 | ▼ 17.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-06-2026 | 2026-00210826 |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00211637 |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00295658 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00213410 |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20244047 |
| 31-12-2020 | micro format | 18-06-2021 | 2021-21300490 |
| 31-12-2019 | micro format | 21-08-2020 | 2020-43000541 |
| 31-12-2018 | micro format | 21-08-2019 | 2019-48300323 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58100114 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59000507 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DANIELS Nicole |
|
Owners and capital
Capital and shareholders
- 13-11-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
13-11
Gazette deed
Resignation: DANIELS Nicole (manager)Appointment: DANIELS Nicole (director) · Amendment of the articles · Legal-form conversion11 facts ▸
- General meeting, 26-09-2023
- Amendment of the articles (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Other provision, “opheffing statutair onbeschikbare eigen vermogensrekening, onmiddellijk opheffen en middelen beschikbaar maken voor uitkering” (deed in Dutch)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, DANIELS Nicole (manager)
- Director appointment, DANIELS Nicole (director (not named in the articles))
- Registered office clause, “3500 Hasselt,Singelbeekstraat 157” (deed in Dutch)
- Power of attorney
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71328D0439/00N002 | Flanders | 2,918 m² | 1 · 328 m² | 8.7 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Investeren in alternatieve energie zoals zonnepanelen,windturbines,…; Het waarnemen van alle bestuursopdrachten,het uitoefenen van…” (deed in Dutch)
19 activities (deed in Dutch)
- Investeren in alternatieve energie zoals zonnepanelen,windturbines,…
- Het waarnemen van alle bestuursopdrachten,het uitoefenen van opdrachten en functies in andere vennootschappen,ondernemingen en/of verenigingen
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard;in de ruimste zin bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie,bedrijfsorganisatie,financieel en commercieel management,verkoop,productie,algemeen bestuur,technisch en personeelsmanagement
- Het kopen,verkopen en aanhouden van effecten en participaties in andere vennootschappen,activiteit van holdingvennootschappen
- Advies en bijstand bij het leiden,aansturen en coördineren van de aanwerving,bezoldiging en opleiding van personeel
- Advies en bijstand bij het algemeen management
- Advies voor de bewaking en versterking van de kwaliteit
- Advies inzake initiatie en aansturing van nieuwe projecten,innovatieprojecten,en andere
- Advies en bijstand op het vlak van investeringen
- Budgettering,opstellen van studies,offertes,advies inzake aankopen en de implementatie van investeringen
- Advies en bijstand inzake vergunningen,toelatingen,aangiftes,technische keuringen
- Bijstand op het vlak van kwalificatie en evaluatie van personeel en kwaliteitsbegroting
- Bijstand op het vlak van externe en interne audits
- Het voeren van diverse administraties en administratieve taken van handelszaken
- Het voeren van marktonderzoeken en marketingstudies
- Consultancy,opleiding,lesgeven in,training,organisatie van seminaries en cursussen betreffende commerciële-en andere bedrijfsaangelegenheden in de ruimste betekenis
- Handelsbemiddeling,vertegenwoordigeractiviteiten,commissionair en dit in haar ruimste betekenis
- Import en export,groot-en kleinhandel,trading in alle producten beschikbaar op de markt
- Aankoop en verkoop en verhuur van gebouwen in eigen beheer
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CODACOM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke personen of rechtspersonen al dan niet aandeelhouder” (deed in Dutch)“Vergoeding bestuurders, algemene kosten los representatie reis verplaatsing” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “In vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere…” (deed in Dutch)