CODAWOOD
ActiveSummary
CODAWOOD has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214,737 and a net result of €8,621. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-18
Solvency100▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 6.47 against 9.05 in 2024; short-term debt: 7.9% and cash: 33.8% of total assets), and 23% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77%
Return on assets
3.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
5 d early
2024
7 d early
2023
21 d early
2022
48 d early
2021
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2025, micro schema
Equity
€214,737▲ 4.2%
2024 · €206,115
Total assets
€278,738▲ 0.6%
2024 · €277,087
Net result
€8,621▼ 82.7%
2024 · €49,760
Working capital
€120,591▼ 23.5%
2024 · €157,709
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,307-€25,318▼ 72.6%€70,055▲ 177%€65,223▼ 6.9%€7,848▼ 88.0%
Net result€77,572-€19,648▼ 74.7%€55,635▲ 183%€49,760▼ 10.6%€8,621▼ 82.7%
Equity€81,072-€100,720▲ 24.2%€156,355▲ 55.2%€206,115▲ 31.8%€214,737▲ 4.2%
Total assets€200,008-€199,508▼ 0.2%€256,120▲ 28.4%€277,087▲ 8.2%€278,738▲ 0.6%
Debt€118,936-€98,788▼ 16.9%€99,765▲ 1.0%€70,972▼ 28.9%€64,001▼ 9.8%
Working capital€67,196-€92,325▲ 37.4%€152,614▲ 65.3%€157,709▲ 3.3%€120,591▼ 23.5%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,738
Fixed assets
€136,115 ▲ 36.4%
Current assets
€142,623 ▼ 19.6%
Equity and liabilities €278,738
Equity
€214,737 ▲ 4.2%
Debt
€64,001 ▼ 9.8%
Debt's share of the balance-sheet total falls from 25.6% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,605▼
2024 · €84,857
Cash flow
€36,379▼
2024 · €69,395
Current ratio
6.47▼
2024 · 9.05
Quick ratio
5.76▼
2024 · 8.30
Debt to equity
0.30▼
2024 · 0.34
ROE
4.0%▼
2024 · 24.1%
ROA
3.1%▼
2024 · 18.0%
Interest coverage
18.56▼
2024 · 39.21
Debt ≤ 1 year
€22,032▲
2024 · €19,593
Debt > 1 year
€41,969▼
2024 · €51,378
Income taxes
€3,638▼
2024 · €14,085
Staff costs
€51,512
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €51,512 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,832 | €17,189 | €18,162 | €19,635 | €27,757 | ▲ 41.4% |
| Other operating charges640/8 | - | €628 | €726 | €1,041 | €1,668 | ▲ 60.2% |
| Gross operating margin9900 | €102,066 | €43,135 | €88,943 | €85,898 | €88,785 | ▲ 3.4% |
| Operating profit (loss)9901 | €92,307 | €25,318 | €70,055 | €65,223 | €7,848 | ▼ 88.0% |
| Financial income75/76B | - | €171 | €216 | €787 | €6,330 | ▲ 704% |
| Recurring financial income75 | €57 | €171 | €216 | €787 | €6,330 | ▲ 704% |
| Financial charges65/66B | - | €795 | €750 | €2,164 | €1,918 | ▼ 11.4% |
| Recurring financial charges65 | €247 | €795 | €750 | €2,164 | €1,918 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €92,117 | €24,693 | €69,522 | €63,845 | €12,260 | ▼ 80.8% |
| Income taxes67/77 | €14,545 | €5,045 | €13,887 | €14,085 | €3,638 | ▼ 74.2% |
| Profit (loss) for the period9904 | €77,572 | €19,648 | €55,635 | €49,760 | €8,621 | ▼ 82.7% |
| Profit (loss) for the period to be appropriated9905 | €77,572 | €19,648 | €55,635 | €49,760 | €8,621 | ▼ 82.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,008 | €199,508 | €256,120 | €277,087 | €278,738 | ▲ 0.6% |
| Fixed assets21/28 | €93,016 | €78,359 | €64,450 | €99,784 | €136,115 | ▲ 36.4% |
| Tangible fixed assets22/27 | €93,016 | €78,359 | €64,450 | €99,784 | €136,115 | ▲ 36.4% |
| Land and buildings22 | - | €23,230 | €21,977 | €70,599 | €107,110 | ▲ 51.7% |
| Plant, machinery and equipment23 | - | €44,713 | €35,207 | €25,069 | €12,865 | ▼ 48.7% |
| Furniture and vehicles24 | - | €10,416 | €7,266 | €4,116 | €16,140 | ▲ 292% |
| Current assets29/58 | €106,991 | €121,150 | €191,670 | €177,303 | €142,623 | ▼ 19.6% |
| Stocks and contracts in progress3 | €25,471 | €18,690 | €13,539 | €14,739 | €15,655 | ▲ 6.2% |
| Stocks30/36 | - | €18,690 | €13,539 | €14,739 | €15,655 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €21,261 | €71 | €21,573 | €11,004 | €31,775 | ▲ 189% |
| Trade receivables40 | - | €71 | €21,039 | €3,862 | €9,298 | ▲ 141% |
| Other amounts receivable41 | - | - | €534 | €7,142 | €22,477 | ▲ 215% |
| Cash at bank and in hand54/58 | €58,482 | €100,515 | €156,078 | €150,274 | €94,150 | ▼ 37.3% |
| Deferred charges and accrued income490/1 | - | €1,873 | €480 | €1,286 | €1,043 | ▼ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,008 | €199,508 | €256,120 | €277,087 | €278,738 | ▲ 0.6% |
| Equity10/15 | €81,072 | €100,720 | €156,355 | €206,115 | €214,737 | ▲ 4.2% |
| Contributions10/11 | - | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Profit (loss) carried forward14 | €77,572 | €97,220 | €152,855 | €202,615 | €211,237 | ▲ 4.3% |
| Amounts payable17/49 | €118,936 | €98,788 | €99,765 | €70,972 | €64,001 | ▼ 9.8% |
| Amounts payable after more than one year17 | €79,140 | €69,963 | €60,709 | €51,378 | €41,969 | ▼ 18.3% |
| Financial debts170/4 | - | €69,963 | €60,709 | €51,378 | €41,969 | ▼ 18.3% |
| Amounts payable within one year42/48 | €39,795 | €28,825 | €39,055 | €19,593 | €22,032 | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | - | €9,119 | €9,201 | €9,284 | €9,368 | ▲ 0.9% |
| Trade debts44 | €10,471 | €195 | - | - | €2,194 | - |
| Suppliers440/4 | - | €195 | - | - | €2,194 | - |
| Taxes, remuneration and social security45 | - | €5,720 | €20,133 | €5,851 | €10,470 | ▲ 78.9% |
| Taxes450/3 | - | €5,720 | €20,133 | €5,851 | €10,470 | ▲ 78.9% |
| Other amounts payable47/48 | - | €13,791 | €9,721 | €4,458 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,572 | €19,648 | €55,635 | €49,760 | €8,621 | ▼ 82.7% |
| + Depreciation and write-downs630 | €8,832 | €17,189 | €18,162 | €19,635 | €27,757 | ▲ 41.4% |
| Operating cash flow (approximation) | €86,405 | €36,837 | €73,796 | €69,395 | €36,379 | ▼ 47.6% |
| Investment in fixed assets (approximation) | - | -€2,531 | -€4,253 | -€54,969 | -€64,088 | ▼ 16.6% |
| Change in cash | - | €42,033 | €55,562 | -€5,804 | -€56,124 | ▼ 867% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €8,621 ▼82.7%
Net result drops to €8,621, the lowest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200,000Eq €206,115 ▲31.8%
4 profitable years in a row build equity to €206,115.
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150,000Eq €156,355 ▲55.2%
3 profitable years in a row build equity to €156,355.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100,000Eq €100,720 ▲24.2%
2 profitable years in a row build equity to €100,720.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wetteren · 1 establishment unit since 2020
Ground area
599 m²
Building footprint
143 m²
Volume, LiDAR
802 m³
Parcel 42302E0671/00S003, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CODAWOOD
since 20202.302.896.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0671/00S003 | Flanders | 599 m² | 1 · 143 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,775. 6,518 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-06-2020
Fiscal year end30-06
Activities, NACEBEL 2025
62100Computer programming
43320Joinery installation
43331Floor and wall tiling
43410Roofing work
70200Business and other management consultancy
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.