CODAGIS
ActiveSummary
The computed 12-month bankruptcy probability of CODAGIS is 2.5% (moderate). The 2025 annual accounts show negative equity (-€73,836) and a net result of €7,892. Equity is growing by about 6.7% per year across the filed financial years. Its solvency ranks better than 12% of 3,376 sector peers (NACE 62, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€73,836
- Profit
- €7,892
Why 52raises riskLiquidity: current ratio 322.721 change of registered office in 24 months2 of the last 3 lateNegative equity -€73,836Show the evidence
Checked score
About 2 in 100 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 62, micro): better than 7% on solvency, 96% on liquidity, 19% on profitability and 56% on growth.
The bankruptcy probability was computed on 28-10-2026 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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Signals
This company filed its last 7 accounts on average 66 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Appointments: Charles de Selliers de Moranville…Registered-office move
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, abbreviated format
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result is €7,647 in 2024, compared with €6,696 in 2022. Comparable figures for the intervening years are unavailable.
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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related 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, Return on assets (ROA).
Peer companies
Historical observationOf the 519 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.7% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,445 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% | 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% |
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 519 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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €868 | €868 | €387 | - | - |
| Gross operating margin9900 | €7,046 | €7,474 | €9,603 | €6,450 | €7,564 | €8,034 | - | - |
| Operating profit (loss)9901 | €6,178 | €6,606 | €8,735 | €5,582 | €6,696 | €7,647 | - | - |
| Financial income75/76B | - | - | - | - | - | - | €7,892 | - |
| Recurring financial income75 | - | - | - | - | - | - | €7,892 | - |
| Financial charges65/66B | - | - | - | €57 | €48 | - | - | - |
| Recurring financial charges65 | €45 | €45 | €88 | €57 | €48 | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,133 | €6,561 | €8,647 | €5,525 | €6,648 | €7,647 | €7,892 | ▲ 3.2% |
| Profit (loss) for the period9904 | €6,133 | €6,561 | €8,647 | €5,525 | €6,648 | €7,647 | €7,892 | ▲ 3.2% |
| Profit (loss) for the period to be appropriated9905 | €6,133 | €6,561 | €8,647 | €5,525 | €6,648 | €7,647 | €7,892 | ▲ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €711,434 | €717,443 | €725,637 | €731,164 | €737,810 | €752,768 | €760,660 | ▲ 1.0% |
| Current assets29/58 | €711,434 | €717,443 | €725,637 | €731,164 | €737,810 | €752,768 | €760,660 | ▲ 1.0% |
| Amounts receivable within one year40/41 | €711,207 | €717,135 | €725,532 | €731,114 | €737,810 | €752,768 | €760,660 | ▲ 1.0% |
| Trade receivables40 | - | - | - | €613,065 | €611,333 | - | - | - |
| Other amounts receivable41 | - | - | - | €118,048 | €126,477 | €752,768 | €760,660 | ▲ 1.0% |
| Cash at bank and in hand54/58 | €227 | €309 | €105 | €50 | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €711,434 | €717,443 | €725,637 | €731,164 | €737,810 | €752,768 | €760,660 | ▲ 1.0% |
| Equity10/15 | -€121,710 | -€115,149 | -€106,502 | -€100,977 | -€94,329 | -€81,728 | -€73,836 | ▲ 9.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€183,710 | -€177,149 | -€168,502 | -€162,977 | -€156,329 | -€143,728 | -€135,836 | ▲ 5.5% |
| Amounts payable17/49 | €833,144 | €832,592 | €832,139 | €832,141 | €832,139 | €834,496 | €834,496 | = |
| Amounts payable after more than one year17 | €832,139 | €832,139 | €832,139 | €832,139 | €832,139 | €832,139 | €832,139 | = |
| Other amounts payable178/9 | - | - | - | €832,139 | €832,139 | €832,139 | €832,139 | = |
| Amounts payable within one year42/48 | €1,006 | €454 | - | - | - | €2,357 | €2,357 | = |
| Trade debts44 | €1,006 | €454 | - | - | - | €2,357 | €2,357 | = |
| Suppliers440/4 | - | - | - | - | - | €2,357 | €2,357 | = |
| Accrued charges and deferred income492/3 | - | - | - | €3 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,133 | €6,561 | €8,647 | €5,525 | €6,648 | €7,647 | €7,892 | ▲ 3.2% |
| Operating cash flow (approximation) | €6,133 | €6,561 | €8,647 | €5,525 | €6,648 | €7,647 | €7,892 | ▲ 3.2% |
| Change in cash | - | €81 | -€203 | -€55 | - | - | - | - |
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 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 17-06-2026 | 2026-00168095 |
| 31-12-2024 | micro format | 01-10-2025 | 2025-00537484 |
| 31-12-2022 | micro format | 09-11-2023 | 2023-00510184 |
| 31-12-2021 | micro format | 26-10-2022 | 2022-20476449 |
| 31-12-2020 | micro format | 28-10-2021 | 2021-74000046 |
| 31-12-2019 | micro format | 16-11-2020 | 2020-70800235 |
| 31-12-2018 | full format | 27-09-2019 | 2019-67200108 |
| 31-12-2017 | full format | 27-08-2018 | 2018-50500131 |
| 31-12-2016 | full format | 21-09-2017 | 2017-63200081 |
| 31-12-2015 | full format | 08-07-2016 | 2016-29600006 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Charles de Selliers de Moranville |
|
| Fleur Lefebvre Ripaud de Montaudevert |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-02
Gazette deed
Appointments: Charles de Selliers de Moranville (director) and Fleur Lefebvre Ripaud de Montaudevert (director)Registered-office move4 facts ▸
- General meeting, 21-02-2026
- Director appointment, Charles de Selliers de Moranville (director)
- Director appointment, Fleur Lefebvre Ripaud de Montaudevert (director)
- Registered-office move, 62, rue de Neufchâtel, 1060 Saint-Gilles
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 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 |
|---|---|---|---|---|
| 21013B0339/00D006 | Brussels | 217 m² | 1 · 119 m² | 18.8 m · 5 |