Equity
CODATA SERVICES paid out €700,000 in dividends. That is 94% of the 2025 profit.
CODATA SERVICES paid out €700,000 in dividends. That is 94% of the 2025 profit.
The accounts state no turnover.
In 2025, 2 people joined and 2 left.
The 2024 accounts came 31 days late. The other nine were filed on time.
Higher net result than 83% of companies in computing infrastructure and information services. Sector median €44,177 · 224 companies.
The dashed line is the sector median: 0.1% across 184 companies (NACE 63, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 63, small). It does better than 78% of them on solvency, 53% on liquidity, 96% on profitability and 41% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
In July 2024, 17,811 companies had the same profile as CODATA SERVICES has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of CODATA SERVICES itself: 0.1% within 12 months.
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 17,811 companies, not a prediction for CODATA SERVICES. 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.
Liquidity is ample, with a current ratio of 2.84 (2.69 in 2024), above the usual 1.5. Short-term debt is 35% and cash 14.1% of total assets. 35% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 63), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CODATA SERVICES Namur | €2.7m | €2.0m | 65.0% | 19 |
| Book'u Kortrijk | €2.6m | €2.1m | -137.4% | 23.9 |
| All Colors of Communication Asse | €2.9m | €1.9m | 3.1% | 25.9 |
| IntoData Kontich | €2.3m | €1.6m | 63.2% | 15.4 |
| GeoPostcodes Uccle | €2.7m | €1.7m | 4.4% | 22.9 |
| EXALATE Antwerp | €2.8m | €1.4m | -4.9% | 15 |
| Doctor Anytime Belgium Auderghem | €2.0m | €1.3m | -19.0% | 13.8 |
These companies have the same main activity as CODATA SERVICES: computing infrastructure, data processing, hosting and related activities (NACE 63100). They are comparable in size and age: total assets between €2m and €2.9m, founded between 2011 and 2016.
CODATA SERVICES has existed since 2014. The gross margin grew from €1.4m in 2015 to €2.0m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.5m. Estimated: probably between €2.4m and €5.8m.
Higher than 70% of 224 companies in 2025.
Higher than 67% of 219 companies in 2025.
Higher than 92% of 223 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 2 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
2.7m | 2.7m | 2.5m | 1.7m | 2.5m | 2.1m | 1.9m | 1.9m | 2.0m | 2.1m | |
20 |
- | - | - | - | - | - | 175 | 364 | 553 | 742 | |
21/28 |
18,083 | 36,170 | 74,712 | 99,777 | 297,283 | 600,342 | 845,256 | 1.1m | 1.3m | 1.5m | |
21 |
340 | 5,662 | 19,235 | 1,348 | 249,836 | 498,996 | 748,317 | 998,105 | 1.2m | 1.5m | |
22/27 |
10,077 | 23,208 | 55,227 | 98,179 | 47,197 | 101,096 | 96,689 | 64,800 | 32,114 | 37,643 | |
23 |
4,737 | 10,975 | 1,117 | 1,763 | 582 | 3,527 | 6,850 | 4,059 | 269 | - | |
24 |
5,340 | 12,233 | 54,110 | 96,416 | 46,615 | 97,569 | 89,839 | 60,741 | 31,845 | 37,643 | |
28 |
7,666 | 7,300 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | 250 | |
29/58 |
2.7m | 2.7m | 2.5m | 1.6m | 2.2m | 1.5m | 1.1m | 884,599 | 694,332 | 591,737 | |
40/41 |
2.3m | 1.5m | 1.4m | 976,493 | 262,801 | 293,451 | 464,041 | 387,309 | 273,138 | 175,421 | |
40 |
609,007 | 595,598 | 378,238 | 260,027 | 240,605 | 277,933 | 423,679 | 322,336 | 200,343 | 98,939 | |
41 |
1.7m | 944,188 | 1.1m | 716,466 | 22,196 | 15,518 | 40,362 | 64,973 | 72,795 | 76,482 | |
50/53 |
- | - | - | - | 493,898 | 487,375 | - | - | - | - | |
54/58 |
386,759 | 1.1m | 961,623 | 566,291 | 1.4m | 661,981 | 575,490 | 465,996 | 399,457 | 394,809 | |
490/1 |
67,357 | 66,632 | 60,653 | 50,667 | 24,586 | 26,339 | 27,433 | 31,294 | 21,737 | 21,507 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
2.7m | 2.7m | 2.5m | 1.7m | 2.5m | 2.1m | 1.9m | 1.9m | 2.0m | 2.1m | |
10/15 |
1.8m | 1.7m | 1.4m | 1.1m | 1.8m | 1.2m | 695,686 | 481,678 | 306,644 | 164,044 | |
10/11 |
300,000 | 300,000 | 300,000 | 300,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
10 |
300,000 | 300,000 | 300,000 | 300,000 | - | - | - | - | - | - | |
100 |
300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | |
101 |
- | - | - | - | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 | |
13 |
130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 76,684 | 15,432 | 4,074 | |
130/1 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | - | - | - | - | - | |
130 |
30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 26,684 | 15,432 | 4,074 | |
133 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 50,000 | - | - | |
14 |
1.3m | 1.3m | 997,630 | 703,502 | 1.5m | 901,663 | 415,686 | 254,994 | 141,212 | 9,970 | |
17/49 |
957,380 | 1.0m | 1.1m | 559,726 | 690,263 | 887,825 | 1.2m | 1.5m | 1.7m | 2.0m | |
17 |
- | - | - | - | 231,200 | 458,567 | 682,136 | 902,027 | 1.1m | 1.3m | |
170/4 |
- | - | - | - | 231,200 | 458,567 | 682,136 | 902,027 | 1.1m | 1.3m | |
42/48 |
957,316 | 1.0m | 1.1m | 559,378 | 458,989 | 429,258 | 534,573 | 564,413 | 550,509 | 551,305 | |
42 |
- | - | - | - | 227,367 | 223,568 | 219,891 | 216,246 | 212,661 | 209,066 | |
43 |
- | - | - | - | - | - | - | - | 554 | 918 | |
430/8 |
- | - | - | - | - | - | - | - | 554 | 918 | |
44 |
58,595 | 97,361 | 255,141 | 10,769 | 57,876 | 48,260 | 82,154 | 147,345 | 109,868 | 187,713 | |
440/4 |
58,595 | 97,361 | 255,141 | 10,769 | 57,876 | 48,260 | 82,154 | 147,345 | 109,868 | 187,713 | |
46 |
- | - | - | - | - | - | - | - | 5,000 | - | |
45 |
198,721 | 205,273 | 157,204 | 141,466 | 171,496 | 155,180 | 182,528 | 150,822 | 172,426 | 153,608 | |
450/3 |
60,514 | 50,194 | 14,911 | 10,128 | 71,180 | 20,889 | 90,384 | 50,991 | 68,426 | 42,371 | |
454/9 |
138,207 | 155,079 | 142,293 | 131,338 | 100,316 | 134,291 | 92,144 | 99,831 | 104,000 | 111,237 | |
47/48 |
700,000 | 700,000 | 700,000 | 407,143 | 2,250 | 2,250 | 50,000 | 50,000 | 50,000 | - | |
492/3 |
64 | 147 | 22 | 348 | 74 | - | - | - | - | 80,000 | |
| Income statement | |||||||||||
76A |
1,826 | 16,447 | 5,975 | 4,600 | - | 9,442 | 7,608 | 9,483 | - | 2,742 | |
9900 |
2.0m | 2.1m | 1.9m | 2.1m | 2.0m | 1.9m | 1.7m | 1.6m | 1.6m | 1.4m | |
62 |
1.3m | 1.1m | 1.1m | 1.1m | 787,479 | 884,907 | 936,631 | 901,705 | 956,586 | 999,486 | |
630 |
20,583 | 32,840 | 45,780 | 302,696 | 303,806 | 312,356 | 305,771 | 283,310 | 276,673 | 289,869 | |
631/4 |
13,160 | 49,590 | - | - | - | - | - | - | - | - | |
640/8 |
11,833 | 10,829 | 14,166 | 10,315 | 9,533 | 10,564 | 10,733 | 13,892 | 8,519 | 13,204 | |
66A |
- | - | 0 | 515 | - | - | - | 12 | - | - | |
9901 |
734,900 | 883,074 | 777,700 | 710,432 | 851,677 | 712,512 | 406,218 | 363,493 | 312,734 | 110,625 | |
75/76B |
35,831 | 44,562 | 42,572 | 14,370 | 24,131 | 21,576 | 8,436 | 19,455 | 14,613 | 21,997 | |
75 |
35,831 | 44,562 | 42,572 | 14,370 | 24,131 | 21,576 | 8,436 | 19,455 | 14,613 | 21,997 | |
65/66B |
10,203 | 8,481 | 1,769 | 17,815 | 12,300 | 24,973 | 17,955 | 21,558 | 25,190 | 13,872 | |
65 |
10,203 | 8,481 | 1,769 | 17,815 | 12,300 | 24,973 | 17,955 | 21,558 | 25,190 | 13,872 | |
9903 |
760,528 | 919,155 | 818,503 | 706,987 | 863,508 | 709,115 | 396,699 | 361,390 | 302,157 | 121,492 | |
67/77 |
14,428 | 8,776 | -175,626 | 184,415 | 224,849 | 220,889 | 132,690 | 136,356 | 109,558 | 27,448 | |
9904 |
746,100 | 910,379 | 994,129 | 522,572 | 638,659 | 488,226 | 264,009 | 225,034 | 192,599 | 94,044 | |
9905 |
746,100 | 910,379 | 994,129 | 522,572 | 638,659 | 488,226 | 264,009 | 225,034 | 192,599 | 94,044 | |
| Appropriation of the result | |||||||||||
9906 |
2.0m | 2.0m | 1.7m | 2.1m | 1.5m | 903,913 | 519,003 | 366,246 | 202,569 | 94,044 | |
14P |
1.3m | 1.1m | 703,501 | 1.5m | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | 53,317 | 61,252 | 11,357 | 4,074 | |
6920 |
- | - | - | - | - | - | 3,317 | 11,252 | 11,357 | 4,074 | |
6921 |
- | - | - | - | - | - | 50,000 | 50,000 | - | - | |
694/7 |
700,000 | 700,000 | 700,000 | 1.4m | 2,250 | 2,250 | 50,000 | 50,000 | 50,000 | 80,000 | |
694 |
700,000 | 700,000 | 700,000 | 1.4m | 2,250 | 2,250 | 50,000 | 50,000 | 50,000 | 80,000 | |
| Social balance sheet | |||||||||||
9087 |
19 | 19 | 19 | 19 | 16 | 17 | 18 | 18 | 21 | 24 | |
Hours worked1013 |
30,985 | 28,419 | 32,270 | 32,547 | 22,656 | 27,801 | 31,847 | 31,461 | 34,611 | 37,368 | |
| Document | |||||||||||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00224979 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00456162 | |
| 31-01-2024 | full format | 09-07-2024 | 2024-00228063 | |
| 31-01-2023 | full format | 29-06-2023 | 2023-00175003 | |
| 31-01-2022 | full format | 19-07-2022 | 2022-20205650 | |
| 31-12-2020 | full format | 05-07-2021 | 2021-30800022 | |
| 31-12-2019 | full format | 19-06-2020 | 2020-18300479 | |
| 31-12-2018 | full format | 21-06-2019 | 2019-21700510 | |
| 31-12-2017 | full format | 19-06-2018 | 2018-20600196 | |
| 31-12-2016 | full format | 21-06-2017 | 2017-20100454 | |
| 31-12-2015 | full format | 29-07-2016 | 2016-38600452 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 755,483 | 915,914 | 823,480 | 1.0m | 1.2m | 1.0m | 711,989 | 646,803 | 589,407 | 400,494 | ||
| 766,683 | 943,219 | 1.0m | 825,268 | 942,465 | 800,582 | 569,780 | 508,344 | 469,272 | 383,913 | ||
| 2,129 | 12,442 | 20,715 | 105,696 | 747 | 67,267 | 87,683 | 65,735 | 23,221 | 1.8m | ||
| -705,616 | 130,752 | 395,332 | - | 767,786 | 86,491 | 109,494 | 66,539 | 4,648 | - | ||
| 1.8m | 1.7m | 1.4m | 1.0m | 1.8m | 1.0m | 532,391 | 320,186 | 143,823 | 40,432 | ||
| 65.0% | 63.3% | 56.2% | 66.9% | 72.5% | 57.1% | 36.4% | 24.7% | 15.5% | 7.7% | ||
| 2.84 | 2.69 | 2.22 | 2.85 | 4.82 | 3.42 | 2.00 | 1.57 | 1.26 | 1.07 | ||
| 0.54 | 0.58 | 0.78 | 0.49 | 0.38 | 0.75 | 1.75 | 3.04 | 5.44 | 11.96 | ||
| 42.0% | 52.6% | 69.6% | 46.1% | 35.1% | 41.3% | 37.9% | 46.7% | 62.8% | 57.3% | ||
| 27.3% | 33.3% | 39.1% | 30.9% | 25.5% | 23.6% | 13.8% | 11.6% | 9.7% | 4.4% | ||
| 74.05 | over 100 | over 100 | 56.87 | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-01-2024 | 31-01-2023 | 31-01-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 19 | 19 | 19 | 17 | 19 |
| full-time | 17 | 17 | 17 | 15 | 17 |
| part-time | 2 | 2 | 2 | 2 | 2 |
| in full-time equivalents | 18.7 | 18.7 | 18.7 | 16.7 | 18.7 |
| 18.7 | 18.7 | 18.7 | 18.5 | 17.3 | |
| On a permanent contract | 19 | 19 | 19 | 17 | 19 |
| Joined | 2 | - | 3 | 0 | 5 |
| Left | 2 | - | 1 | 2 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 31-01-2024 | 31-01-2023 | 31-01-2022 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | - | €10,128 |
| Overdue social security (RSZ) debts | - | - | - | - | €131,338 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts)
| Item | 2025 | 2024 | 31-01-2024 | 31-01-2023 | 31-01-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,129 | €5,392 | €21,122 | - | €103,896 |
| Intangible fixed assets | - | - | - | €20,715 | €1,800 |
| Financial fixed assets | - | €7,050 | - | - | - |
| €20,583 | €32,840 | €39,266 | €45,780 | €302,696 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 17% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 36.7% to 35.0%. Equity is higher and debt is lower.
Source: shareholder structure in its own accounts
CODATA SERVICES has no parent and no holdings in its annual accounts. Explore Investissement SAS is the only director.
| RTL BELGIUM
establishment since 18-09-1997 · founded in 1985 |
394 FTE (2025) 0428.201.847 |
| HUDEMA
registered office since 20-01-1988 · founded in 1987 · group ROSSEL INVEST SRL |
turnover €882,655 (2025) 0432.945.246 |
| GROUPE SUDMEDIA
registered office since 24-12-1998 · founded in 1998 · group ROSSEL INVEST SRL |
185 FTE (2025) 0464.786.980 |
| DIRECT PRESSE
registered office since 27-06-2024 · founded in 2024 |
turnover €24.4m (2025) 1010.873.721 |
| ROSSEL FINANCE
establishment since 01-01-2015 · founded in 2005 · negative equity (2025) · group ROSSEL INVEST SRL |
46 FTE (2025) 0878.056.866 |
| CONTRASTE DIGITAL
registered office since 18-05-1992 · founded in 1992 · group UPSILON CONSULT |
37 FTE (2025) 0446.689.057 |
| ZELOS
registered office since 02-05-2018 · founded in 2018 |
2.3 FTE (2025) 0695.625.206 |
| REFERENCES
establishment since 14-09-2013 · founded in 2011 |
16 FTE (2025) 0839.044.852 |
| SPORT INVESTMENT GROUP
registered office since 19-04-2022 · founded in 2022 |
total assets €1.1m (2025) 0784.920.337 |
| SPORTS & MEDIA SALESHOUSE
registered office since 13-06-2018 · founded in 2018 |
total assets €856,181 (2025) 0697.888.769 |
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Coquelet 134 registered office 5000 Namur | 05-12-2014 | 2.237.505.631 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 92094B0239/02N007 | 8,012 m² | 1 · 1,034 m² | 18.4 m · 4 |
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