Equity
-€37,782
Debts exceed assets in financial year 2025.
CODE ROUGE
Overview
Lifetime
7 annual accounts with figures on one time axispeak €16,535 (2021)
€3,464▲ 75.5%
lowest -€40,745 (2019)
€2,866▲ 124%
peak €16,721 (2018)
-€37,782▲ €2,866
€48,686▼ 16.5%
Board2 names since 2018
1 director
Documentsfilings and deeds
22-07-20269 days before the deadline
2025micro format
Gross margin from €1,974 to €3,464Result from €1,282 to €2,866Debts from €58,291 to €48,686
Key points
from the 2025 annual accountsTurnover
≈ €56,000 estimated
The micro format states no turnover.
Debts
€48,686 447% of the balance sheet
Filings
7 annual accounts 2 late
The 2019 accounts came latest: 153 days after the end of the period.
Starting capital
€18,600 60 shares
Position in the sector
-346.5%
Lower solvency than 95% of companies in retail trade. Sector median 33.4% · 25,237 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,182 companies had the same profile as CODE ROUGE has now. Each dot stands for 6 companies, two years later.
88.8%
were still trading
5.9%
stopped another way
4.8%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 2,182 companies, not a prediction for CODE ROUGE. 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
Credit check for an amount and term of your choice
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.
Signals
Board and ownership
Director, since 24-09-2021
- 30 sharesdeed of 17-09-2020
- 30 sharesdeed of 17-09-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0704589192
Company renamed from FABEJE VINO to Code Rouge
Registered office moved from Durbuy to Ernonheid · New registered office: Chemin de Grimonster, 21 à 4920 Ernonheid (Aywaille) · Previous registered office: Rue des Récollectines, 10 à 6940 Durbuy · General meeting of 24-09-2021 · Gazette deed
Registered office moved within Durbuy
Transfer of 20 shares from · New registered office: rue des Récollectines 10, 6940 Durbuy · Previous registered office: rue Jean de Bohème 9, 6940 Durbuy · General meeting of 16-06-2020 · Gazette deed
Incorporation
Founding capital of €18,600, 60 shares · Founders: , and · Appointment: (manager) · published on 18-09-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODE ROUGE Aywaille | €10,904 | €3,464 | -346.5% | - |
| LE CAVE'O Zemst | €8,867 | €3,953 | -36.8% | - |
| APPIA VINI Hasselt | €18,538 | €4,469 | 20.8% | - |
| VDA SPIRIT Antwerp | €13,146 | -€1,468 | -50.5% | - |
| BEWINES Uccle | €8,822 | -€19,107 | -863.1% | - |
| The Place to Wine Schaerbeek | €11,020 | -€206 | -330.7% | - |
| JEM INDEPENDENT LEISURE Namur | €16,159 | €970 | 62.7% | - |
These companies have the same main activity as CODE ROUGE: retail sale of wines and spirits (NACE 47251). They are comparable in size and age: total assets between €8,820 and €18,500, founded between 2017 and 2020.
Official details
Source: KBO- Status
- Active since 14-09-2018Normal situation
- Activity
- Retail sale of wines and spiritsNACE 47251and 3 others
- Establishment unit
- 2.280.074.8726940 Durbuy, since 14-09-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 01-01-2026
Annual accounts 2025
- €3,464▲ 75.5%
- €2,866▲ 124%
- -€37,782▲ 7.1%
- €10,904▼ 38.2%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on CODE ROUGE
CODE ROUGE files the micro format. That format states no turnover. The gross margin rose from -€226 in 2018 to €3,464 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 22-07-2026, 9 days before the deadline€3,464
▲ 75.5%
€2,972
▲ 115%
€2,866
▲ 124%
-€39,112
▲ €3,359
-346.5%
▼ 116.1 percentage points
0.20
▼ 0.07
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €56,000. Estimated: probably between €27,000 and €120,000.
Balance sheet
balance sheet total €10,904 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-346.5%
Lower than 95% of 25,237 companies in 2025.
0.20
Lower than 95% of 24,245 companies in 2025.
26.3%
Higher than 90% of 24,434 companies in 2025.
CODE ROUGE
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 20184 months |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
10,904 | 17,642 | 14,819 | 17,267 | 26,967 | 53,759 | 55,945 | |
20 |
0 | - | - | - | - | 840 | 1,344 | |
21/28 |
1,329 | 1,822 | 2,315 | 4,542 | 7,732 | 18,573 | 20,665 | |
22/27 |
1,329 | 1,822 | 2,315 | 4,542 | 7,732 | 14,173 | 16,265 | |
24 |
0 | - | - | 1,735 | 4,432 | 9,888 | - | |
26 |
1,329 | 1,822 | 2,315 | 2,807 | 3,300 | 4,285 | 4,778 | |
28 |
- | - | - | - | - | 4,400 | 4,400 | |
29/58 |
9,574 | 15,821 | 12,504 | 12,725 | 19,235 | 34,346 | 33,935 | |
3 |
8,401 | 12,977 | 10,106 | 11,311 | 15,729 | 22,818 | 17,000 | |
30/36 |
8,401 | 12,977 | 10,106 | 11,311 | 15,729 | 22,818 | 17,000 | |
40/41 |
184 | 2,070 | 1,444 | 541 | 2,488 | 7,437 | 11,422 | |
40 |
0 | 1,000 | 687 | 276 | 2,423 | 6,678 | 10,719 | |
41 |
184 | 1,070 | 757 | 265 | 64 | 759 | 703 | |
54/58 |
967 | 753 | 935 | 874 | 1,018 | 4,091 | 5,513 | |
490/1 |
22 | 21 | 20 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
10,904 | 17,642 | 14,819 | 17,267 | 26,967 | 53,759 | 55,945 | |
10/15 |
-37,782 | -40,649 | -41,931 | -36,478 | -30,714 | -24,024 | 16,721 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | |
14 |
-56,382 | -59,249 | -60,531 | -55,078 | -49,314 | -42,624 | -1,879 | |
17/49 |
48,686 | 58,291 | 56,750 | 53,746 | 57,681 | 77,783 | 39,224 | |
17 |
- | - | - | - | - | 30,000 | - | |
170/4 |
- | - | - | - | - | 30,000 | - | |
42/48 |
48,686 | 58,291 | 56,750 | 53,746 | 57,681 | 47,783 | 39,224 | |
44 |
158 | 1,143 | 1,026 | 326 | 136 | 27,150 | 33,224 | |
440/4 |
158 | 1,143 | 1,026 | 326 | 136 | 27,150 | 33,224 | |
45 |
0 | - | - | - | 348 | 89 | - | |
450/3 |
0 | - | - | - | 348 | 89 | - | |
47/48 |
48,528 | 57,148 | 55,724 | 53,419 | 57,197 | 20,544 | 6,000 | |
| Income statement | ||||||||
76A |
- | - | - | 7,084 | 17,892 | - | - | |
9900 |
3,464 | 1,974 | -3,172 | -2,523 | 16,535 | -35,333 | -226 | |
62 |
- | - | - | - | - | 450 | - | |
630 |
493 | 493 | 2,228 | 3,190 | 3,562 | 3,465 | 1,020 | |
640/8 |
- | 100 | - | - | 34 | 181 | 497 | |
9901 |
2,972 | 1,381 | -5,400 | -5,712 | 12,939 | -39,429 | -1,743 | |
75/76B |
- | - | - | 0 | 0 | - | - | |
75 |
- | - | - | 0 | 0 | - | - | |
65/66B |
105 | 99 | 52 | 52 | 2,357 | 1,316 | 136 | |
65 |
105 | 99 | 52 | 52 | 1,200 | 1,316 | 136 | |
66B |
- | - | - | - | 1,157 | - | - | |
9903 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
9904 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
9905 |
2,866 | 1,282 | -5,453 | -5,764 | 10,582 | -40,745 | -1,879 | |
| Appropriation of the result | ||||||||
9906 |
-56,382 | -59,249 | -60,531 | -55,078 | -49,314 | -42,624 | -1,879 | |
14P |
-59,249 | -60,531 | -55,078 | -49,314 | -59,896 | - | - | |
| Document | ||||||||
The notes to these accounts have 4 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 22-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-07-2026 | 2026-00324069 | |
| 31-12-2024 | micro format | 25-07-2025 | 2025-00317437 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00328942 | |
| 31-12-2022 | micro format | 29-07-2023 | 2023-00293178 | |
| 31-12-2021 | micro format | 31-07-2022 | 2022-20272121 | |
| 31-12-2019 | micro format | 31-12-2020 | 2020-77700407 | |
| 31-12-2018 | micro format | 29-12-2019 | 2019-78000460 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 20184 months |
|---|---|---|---|---|---|---|---|---|
| 3,464 | 1,874 | -3,172 | -2,523 | 16,501 | -35,964 | -723 | ||
| 3,359 | 1,775 | -3,225 | -2,575 | 14,144 | -37,280 | -859 | ||
| 0 | 0 | 0 | 0 | - | 869 | 21,517 | ||
| 214 | -182 | 61 | -144 | - | -1,422 | - | ||
| -39,112 | -42,471 | -44,246 | -41,021 | -38,446 | -13,438 | -5,288 | ||
| -346.5% | -230.4% | -283.0% | -211.3% | -113.9% | -44.7% | 29.9% | ||
| 0.20 | 0.27 | 0.22 | 0.24 | 0.33 | 0.72 | 0.87 | ||
| 0.02 | 0.05 | 0.04 | 0.03 | 0.06 | 0.24 | 0.43 | ||
| - | - | - | - | - | - | 2.35 | ||
| - | - | - | - | - | - | -11.2% | ||
| 26.3% | 7.3% | -36.8% | -33.4% | 39.2% | -75.8% | -3.4% | ||
| 32.90 | 18.91 | -60.45 | -48.23 | 13.75 | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on CODE ROUGE
The operating result for 2025 is 115% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Equity is negative. Debt (€48,686) exceeds the balance-sheet total (€10,904).
Board & ownership
Board
1 director, no change since 2021Director (not named in the articles)
since 24-09-2021
term without a fixed end
listed in the 2025 annual accounts, filed on 22-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “L'administrateur peut engager valablement la société sans limitation de sommes. L'administrateur fait élection de domicile au siège de la…”deed of 11-10-2021
Mandates through the years
2 names, the dashed line is todayDirector (not named in the articles)
Manager (not named in the articles)
BoardEarlier
Mandates as a list
-
- Director (not named in the articles), from 24-09-2021 to date
-
- Manager (not named in the articles), appointed by deed of 18-09-2018, until 11-10-2021
Control
Shareholders
,
This company
CODE ROUGE
Equity -€37,782
Profit €2,866 in 2025
Capital
- Contribution
- €18,600
- Shares
- 60
- Contribution per share
- €310
- Equity per share
- -€630 in 2025
- Source
- 2025 annual accounts
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-10-2021 (in French)
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement aux actions acquises, actions dont la cession est proposée”deed of 11-10-2021 (in French)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00deed of 18-09-2018 (in French)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditordeed of 18-09-2018 (in French)
Shareholders
Stated in the deed
deed of 17-09-2020 ↗
- 30 shares
- 30 shares
Share transfer
deed of 17-09-2020 ↗
- from 20 shares
At incorporation
deed of 18-09-2018 ↗
- founder
- founder
- founder
Capital transactions
Capital over time
- 11-10-2021 Converted to unavailable equity
- 18-09-2018 Incorporation · €18,600 · 60 shares
Network & group
No group
CODE ROUGE has no parent and no holdings in its annual accounts. is the only director. CODE ROUGE shares no director with another company.
Timeline
Timeline
15 events since 2018Board
Capital
Filings
Financial
Establishments
Address
20182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 9 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0704589192
2025
Annual accounts 2024 filed PDFmicro format · 6 days before the deadline
2024
Back to profit net €1,282 The net result is €1,282, after 2 loss-making years.
Annual accounts 2023 filed PDFmicro format · on the deadline day
2023
Annual accounts 2022 filed PDFmicro format · 2 days before the deadline
2022
Annual accounts 2021 filed PDFmicro format · on the deadline day
2021
Back to profit net €10,582 The net result is €10,582, after 2 loss-making years.
Company renamed from FABEJE VINO to Code RougeRegistered office moved from Durbuy to Ernonheid · New registered office: Chemin de Grimonster, 21 à 4920 Ernonheid (Aywaille) · Previous registered office: Rue des Récollectines, 10 à 6940 Durbuy · General meeting of 24-09-20219 points ▸
- General meeting, 24-09-2021
- Name change, Code Rouge
- Registered-office move, Chemin de Grimonster, 21 à 4920 Ernonheid (Aywaille)
- Director resignation, (manager)
- Director appointment, (director (not named in the articles))
- Director discharge,
- Permanent representative,
- Registered office clause, Chemin de Grimonster, 21 à 4920 Ernonheid (Aywaille)
- Power of attorney, , mentioned twice in the deed
- The deed holds 9 more points.
2020
Annual accounts 2019 filed PDFmicro format · 153 days late
Registered office moved within DurbuyTransfer of 20 shares from · New registered office: rue des Récollectines 10, 6940 Durbuy · Previous registered office: rue Jean de Bohème 9, 6940 Durbuy · General meeting of 16-06-20206 points ▸
- General meeting, 16-06-2020
- Board meeting, 10-06-2020
- Registered-office move, rue des Récollectines 10, 6940 Durbuy
- Share transfer, , 20 shares
- holds 30 shares
- holds 30 shares
- The deed holds 1 more point.
2019
Weakest financial year net -€40,745 The net result drops to -€40,745, the lowest from 2018 to 2025. It recovers the following year.
Annual accounts 2018 filed PDFmicro format · 151 days late
2018
IncorporationFounding capital of €18,600, 60 shares · Founders: , and · Appointment: (manager) · published on 18-09-20188 points ▸
- Founder,
- Founder,
- Founder,
- Capital, €18,600, 60 shares
- Founding capital, €18,600, 60 shares
- Net-asset statement, 12-09-2018
- Director appointment, (manager (not named in the articles))
- Board rule, 1
- The deed holds 2 more points.
First establishment Rue Jean de Bohème 9, Durbuy
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
CODE ROUGE was incorporated on 14 September 2018 by three natural persons, with a starting capital of €18,600.12 The registered office moved to Durbuy in 2020 and to Ernonheid in 2021.34 The name was changed to Code Rouge in 2021.4 Since 2021, has served as director.5 Total assets fell from €55,945 in 2018 to €10,904 in 2025.6
Company details
Identity
- Enterprise number
- 0704.589.192
- VAT number
- BE 0704.589.192
- Peppol ID
- 0208:0704589192
- Legal form
- Private limited company (pre-2019)
- Status
- Active, normal situation
- Founded
- 14-09-2018
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00deed of 18-09-2018 (in French)
- Peppol
- Reachable since 01-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODE ROUGE in French
- Former name
- FABEJE VINO until the deed of 11-10-2021
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-10-2021 (in French)
Activities
NACEBEL 202547251
Retail sale of wines and spirits main activity
Codes under NACEBEL 2008
47251
Retail trade main activity
46341
Wholesale of wines and spirits
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L'importation, l'exportation, la fabrication, la présentation, la représentation, le commerce de gros et de détail en vins, de spiritueux…”deed of 11-10-2021 (in French)
17 activities
- L'importation, l'exportation, la fabrication, la présentation, la représentation, le commerce de gros et de détail en vins, de spiritueux, de toutes autres denrées alimentaires et boissons alcoolisées ou non et tous produits en relation avec ces biens et l'art de la table ainsi que leurs accessoires
- L'activité de traiteur, organisation de banquets et évènementiel, petite restauration
- Le commerce de gros et de détail en matériel d'exploitation ayant rapport avec le commerce de vin et autres boissons et denrées alimentaires
- L'organisation de cours de sommellerie
- L'activité de serveur indépendant
- La dégustation de vin à domicile
- L'organisation de cours de cuisine, le tout dans le sens le plus large du terme
- L'organisation, la conception, la promotion, la gestion de toutes manifestations publiques ou privées, nationales et intemationales telles que garden-parties, spectacles, soirées, concerts, conférences, évènements culturels, sportifs, ludiques ou médiatiques, expositions et vernissages
- L'animation artistique
- La location de matériel tel que, à titre exemplatif, les chapiteaux, tonnelles, tables, chaises, matériel horeca
- Toutes opérations se rapportant aux affaires immobilières dans le sens le plus large du mot comme l'achat, la vente, la location, la gestion, l'exploitation de tous immeubles ainsi que la construction ou la restauration, l'exploitation ou l'aménagement d'immeubles
- L'achat, l'échange, la vente, la prise en location et en sous location, ainsi que la cession en location et en sous location, le tout avec ou sans option d'achat, l'exploitation et l'entretien de maisons, appartements, bureaux, magasins, fonds de commerce, parkings, garages, terrains, terres et domaines, et de manière générale, de tous biens immobiliers
- Les prestations de services et tous mandats sous forme d'études, d'organisation, d'expertises, d'actes techniques, de conseils et d'avis financiers, techniques, commerciaux, administratifs au sens le plus large
- La fourniture de tous travaux administratifs et de secrétariat, la facturation, le traitement des informations et/ou données informatiques et l'encodage pour compte de tiers ainsi que la fourniture de tous services dans le domaine de l'informatique
- De concevoir, d'étudier, de promouvoir et de réaliser tous projets informatiques, bureautiques et tout ce qui s'y rapporte
- D'effectuer des études notamment de marchés, de programmer et mettre en route des systèmes d'organisation, de vente et de publicité, le marketing, de mettre en application des systèmes pour traiter des données et toutes techniques en rapport avec la gestion technique, administrative, économique et générale d'entreprise
- La prestation d'une combinaison de services administratifs de bureau quotidiens, comme la réception, la planification financière, la facturation et la tenue de livres, les activités liées au personnel, les services de courrier, etc., pour le compte de tiers
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Chemin de Grimonster 21 registered office 4920 Aywaille | ||
| Rue Jean de Bohème 9 6940 Durbuy 62200 Computer consultancy and computer facilities management | 14-09-2018 | 2.280.074.872 |
1 former office
- Rue des Récollectines,10, 6940 Durbuy until the deed of 11-10-2021
Buildings and parcels at the addresses
- Ground area
- 2,661 m²
- Buildings
- 254 m²
- Volume, LiDAR
- 1,910 m³
- Tallest building
- 10.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 61018B0126/00F000 | 2,604 m² | 1 · 199 m² | 9.2 m · 2 |
| 83012A0127/00G000 | 57 m² | 1 · 55 m² | 10.6 m · 3 |