CODALI
ActiveSummary
The computed 12-month bankruptcy probability of CODALI is 3.2% (moderate). The 2025 annual accounts show equity of €14,802 and a net result of €4,016. The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €14,802
- Profit
- €4,016
Why 51raises riskFounded in 2024No main activity registered1 of the last 3 latelowers riskSize: total assets €47,553Show the evidence
Checked score
About 3 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 (no NACE code, micro): better than 34% on solvency, 44% on liquidity, 62% on profitability and 83% on growth.
The bankruptcy probability was computed on 18-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 2 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: GRZESINSKI,DamienBernardCatherine (director) · Founder…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result falls in 2025; 2025 is 38% below 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.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 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 39,278 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,307 | €9,461 | ▲ 50.0% |
| Other operating charges640/8 | €670 | €585 | ▼ 12.7% |
| Gross operating margin9900 | €20,411 | €18,369 | ▼ 10.0% |
| Operating profit (loss)9901 | €13,434 | €8,323 | ▼ 38.0% |
| Financial charges65/66B | €2,108 | €2,303 | ▲ 9.3% |
| Recurring financial charges65 | €2,108 | €2,303 | ▲ 9.3% |
| Profit (loss) for the period before taxes9903 | €11,326 | €6,020 | ▼ 46.8% |
| Income taxes67/77 | €2,540 | €2,004 | ▼ 21.1% |
| Profit (loss) for the period9904 | €8,786 | €4,016 | ▼ 54.3% |
| Profit (loss) for the period to be appropriated9905 | €8,786 | €4,016 | ▼ 54.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €46,617 | €47,553 | ▲ 2.0% |
| Fixed assets21/28 | €35,693 | €26,232 | ▼ 26.5% |
| Intangible fixed assets21 | €29,506 | €22,697 | ▼ 23.1% |
| Tangible fixed assets22/27 | €6,187 | €3,535 | ▼ 42.9% |
| Plant, machinery and equipment23 | €6,187 | €3,535 | ▼ 42.9% |
| Current assets29/58 | €10,924 | €21,321 | ▲ 95.2% |
| Amounts receivable within one year40/41 | €765 | €18,213 | ▲ 2,281% |
| Other amounts receivable41 | €765 | €18,213 | ▲ 2,281% |
| Cash at bank and in hand54/58 | €9,825 | €2,659 | ▼ 72.9% |
| Deferred charges and accrued income490/1 | €334 | €449 | ▲ 34.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €46,617 | €47,553 | ▲ 2.0% |
| Equity10/15 | €10,786 | €14,802 | ▲ 37.2% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €8,786 | €12,802 | ▲ 45.7% |
| Amounts payable17/49 | €35,831 | €32,751 | ▼ 8.6% |
| Amounts payable after more than one year17 | €28,207 | €23,783 | ▼ 15.7% |
| Financial debts170/4 | €28,207 | €23,783 | ▼ 15.7% |
| Amounts payable within one year42/48 | €6,692 | €8,968 | ▲ 34.0% |
| Current portion of amounts payable after more than one year42 | - | €4,424 | - |
| Financial debts43 | €4,152 | - | - |
| Credit institutions430/8 | €4,152 | - | - |
| Taxes, remuneration and social security45 | €2,540 | €4,544 | ▲ 78.9% |
| Taxes450/3 | €2,540 | €4,544 | ▲ 78.9% |
| Accrued charges and deferred income492/3 | €932 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,786 | €4,016 | ▼ 54.3% |
| + Depreciation and write-downs630 | €6,307 | €9,461 | ▲ 50.0% |
| Operating cash flow (approximation) | €15,093 | €13,477 | ▼ 10.7% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€7,166 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00196140 |
| 31-12-2024 | micro format | 22-09-2025 | 2025-00497624 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
29-05
Gazette deed
IncorporationAppointment: GRZESINSKI,DamienBernardCatherine (director) · Founder · Founding capital13 facts ▸
- Incorporation, 23-05-2024
- Founder, GRZESINSKI, Damien Bernard Catherine (comparant)
- Founding capital, €2,000
- Bank account, “compte spécial au nom de la société en formation”, 2000 (deed in French)
- Power of attorney, Michael LEJEUNE (mandataire de la société)
- Power of attorney, Michael LEJEUNE (2 times)
- Other provision, 22-05-2024
- Other provision, “autorisations préalables, autorisations ou licences préalables possibles selon règles administratives en exercice de l’objet” (deed in French)
- Other provision, “site internet” (deed in French)
- Capital
- General meeting, “assembléegénéraleextraordinaire, actionnaires” (deed in French)
- Director appointment, GRZESINSKI,DamienBernardCatherine (director)
- +1 further fact in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 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 |
|---|---|---|---|---|
| 61017C0204/00T000 | Wallonia | 1,493 m² | 1 · 102 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La pratique de la kinésithérapie dans tous les champs d’application, ainsi que toute activité directe ou indirecte, connexe ou supplétive à…” (deed in French)
6 activities (deed in French)
- La pratique de la kinésithérapie dans tous les champs d’application, ainsi que toute activité directe ou indirecte, connexe ou supplétive à la kinésithérapie
- Toute activité se rapportant directement ou indirectement à la conception, l’organisation et la gestion d’un cabinet de kinésithérapie, en ce compris, de manière non exhaustive la collaboration avec d’autres disciplines médicales, paramédicales et/ou de bien-être, dans le respect des prescriptions d’ordre déontologique, notamment celles relatives au libre choix du praticien par le patient, à l’indépendance diagnostique et thérapeutique, au respect du secret professionnel, à l’indépendance et à la dignité professionnelle du praticien
- L’organisation, l’animation de séminaires, stages, cours, journées d’étude, conférences, ainsi que la participation auxdits séminaires et stages
- L’achat, la vente, la prise en location ou sous-location ainsi que la cession en location ou sous-location de tout bien immobilier pour son compte propre
- Toutes opérations commerciales, financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet ou susceptibles d’en favoriser le développement
- Accepter tout mandat d’administrateur, de liquidateur, auprès de sociétés tierces
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CODALI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Sans changement de régime linguistique applicable, Région wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée générale à la majorité absolue des voix ou actionnaire unique détermine montant rémunération fixe ou proportionnelle, assemblée…” (deed in French)“Révocation par assemblée générale aux conditions de majorité et présence requises pour modifications aux statuts, toujours révocable par…” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions du Code des Sociétés et des Associations” (deed in French)
- 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.
- Third Monday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed