Equity
€2.8m ▲ 4.9%
CODAGEX has made a profit without a break since 2020.
CODAGEX
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1990peak €17.5m (2021)
€16.0m▲ 5.2%
lowest -€120,568 (2019)
€132,286▲ 9.9%
peak €4.2m (2021)
€2.8m▲ 4.9%
€2.0m▼ 23.2%
peak 16.9 FTE (2016)
10.7 FTE▲ 5.9%
Board7 names since 2017
1 director
Owners
100%
Documentsfilings and deeds
17-06-202644 days before the deadline
2025financial year
2 directors resigning 04-07Debts from €2.6m to €2.0mCash from €1.1m to €344,269
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 14,769 companies had the same profile as CODAGEX has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 14,769 companies, not a prediction for CODAGEX. 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
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Signals
Board and ownership
Director, , since 02-07-2025
Auditor,
- 100%equity €2.8m (2025) · 2025 annual accounts of
Recent changes
Registered office moved within Dessel
New registered office: Zandbergen 105, 2480 Dessel · Previous registered office: Zandbergen 10, 2480 Dessel · Permanent representative: · Board meeting of 09-01-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0439312505
2 directors resigning
Change of role: , from director to sole director · Resignations: and · Permanent representative: · General meeting of 02-07-2025 · Gazette deed
Reappointment: (statutory auditor)
Permanent representative: · General meeting of 19-06-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODAGEX Dessel | €16.0m | 2.1% | 59.0% | 10.7 |
| Bcc Centrale Namur | €17.8m | -9.5% | -0.1% | 17.8 |
| M & F DE SCHEEMAEKER Bruges | - | - | 27.8% | 9.7 |
| CARBONBIKE Waremme | - | - | 32.7% | 6.1 |
| THOMPSON Geraardsbergen | - | - | 55.6% | 16.2 |
| NOW COMPANY Wavre | - | - | 49.5% | 20.3 |
| ACTION SPORTS SPRL Liège | - | - | -20.4% | 9.2 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CODAGEX: wholesale trade (NACE 46495). They are comparable in size and age: total assets between €2.1m and €12m, founded between 1970 and 2005.
Official details
Source: KBO- Status
- Active since 10-01-1990Normal situation
- Activity
- Wholesale tradeNACE 46495and 2 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.046.674.3632480 Dessel, since 18-01-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Annual accounts 2025
- €4.8m▼ 8.8%
- Employeeson 31-12-2025
- 10▼ 9.1%
- Filing
- Filed on 17-06-2026, 44 days before the end of the filing period
Insights on CODAGEX
CODAGEX has existed since 1990. Turnover grew from €13.1m in 2007 to €16.0m in 2025.
Turnover has grown every year since 2022. Solvency rose in 2025 from 51.3% to 59.0% because of the retained profit and lower debts.
holds all the shares. In August 2022, three directors stepped down.
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 CODAGEX
- What is the company number of CODAGEX?
- The company number of CODAGEX is 0439.312.505. The VAT number is the same number with BE in front: BE 0439.312.505.
- Where is CODAGEX based?
- The registered office is at Zandbergen 105, 2480 Dessel.Company details
- What does CODAGEX do?
- According to the KBO register, the main activity is wholesale trade (NACE 46495).
- What is the legal form of CODAGEX?
- CODAGEX is a public limited company (NV).
- When was CODAGEX founded?
- CODAGEX was founded on 10-01-1990.
- Is CODAGEX still active?
- Yes, CODAGEX is an active enterprise in the KBO register.
- How many employees does CODAGEX have?
- CODAGEX had an average of 10.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CODAGEX fall under?
- In its 2025 annual accounts, CODAGEX states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CODAGEX?
- The turnover of CODAGEX was €16.0m in financial year 2025, according to the filed annual accounts.
- Is CODAGEX profitable?
- In financial year 2025, CODAGEX made a profit of €132,286.
- Where can I find the annual accounts of CODAGEX?
- CODAGEX filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODAGEX due?
- CODAGEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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