CODEALIM
ActiveSummary
CODEALIM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178,189 and a net result of €2,411. Equity is growing by ~7.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2019 to 2025, 7 fiscal years
The operating result returns to profit in 2025: €7,297 after a loss of €18,097 in 2024.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,471 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% 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 17,041 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €128,780 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,874 | €13,701 | €12,195 | €11,058 | €10,523 | €10,523 | €10,523 | = |
| Other operating charges640/8 | - | - | €1,429 | €3,171 | €3,386 | €2,193 | €2,079 | ▼ 5.2% |
| Gross operating margin9900 | €15,004 | €17,865 | €13,132 | €13,476 | €133,495 | -€5,381 | €19,899 | ▲ 470% |
| Operating profit (loss)9901 | -€557 | €3,766 | -€492 | -€753 | €119,586 | -€18,097 | €7,297 | ▲ 140% |
| Financial charges65/66B | - | - | €6,616 | €6,091 | €6,045 | €6,896 | €5,413 | ▼ 21.5% |
| Recurring financial charges65 | €6,861 | €6,685 | €6,616 | €6,091 | €6,045 | €6,896 | €5,413 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | -€7,418 | -€2,919 | -€7,108 | -€6,844 | €113,541 | -€24,993 | €1,884 | ▲ 108% |
| Transfer from deferred taxes780 | - | - | €527 | €527 | €527 | €527 | €527 | = |
| Income taxes67/77 | - | - | - | - | €25,097 | - | - | - |
| Profit (loss) for the period9904 | -€6,891 | -€2,392 | -€6,581 | -€6,317 | €88,971 | -€24,466 | €2,411 | ▲ 110% |
| Transfer from tax-exempt reserves789 | - | - | €1,024 | €1,024 | €1,024 | €1,024 | €1,024 | = |
| Profit (loss) for the period to be appropriated9905 | -€5,867 | -€1,368 | -€5,557 | -€5,293 | €89,995 | -€23,442 | €3,435 | ▲ 115% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €318,245 | €303,732 | €292,230 | €281,710 | €298,748 | €252,522 | €246,762 | ▼ 2.3% |
| Fixed assets21/28 | €317,833 | €302,573 | €290,378 | €279,320 | €197,576 | €187,053 | €176,530 | ▼ 5.6% |
| Tangible fixed assets22/27 | €317,833 | €302,573 | €290,378 | €279,320 | €197,576 | €187,053 | €176,530 | ▼ 5.6% |
| Land and buildings22 | - | - | €290,378 | €279,320 | €197,576 | €187,053 | €176,530 | ▼ 5.6% |
| Current assets29/58 | €412 | €1,159 | €1,852 | €2,390 | €101,172 | €65,469 | €70,232 | ▲ 7.3% |
| Amounts receivable within one year40/41 | €400 | €472 | €832 | €2,360 | €38,933 | €51,123 | €64,336 | ▲ 25.8% |
| Trade receivables40 | - | - | €832 | €2,360 | €38,030 | €45,397 | €41,061 | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | - | €903 | €5,726 | €23,275 | ▲ 306% |
| Cash at bank and in hand54/58 | €12 | €152 | €1,020 | €30 | €62,239 | €14,346 | €5,896 | ▼ 58.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €318,245 | €303,732 | €292,230 | €281,710 | €298,748 | €252,522 | €246,762 | ▼ 2.3% |
| Equity10/15 | €126,560 | €124,169 | €117,588 | €111,272 | €200,243 | €175,778 | €178,189 | ▲ 1.4% |
| Contributions10/11 | €30,987 | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €92,205 | €91,182 | €90,158 | €89,135 | €88,111 | €87,088 | €86,064 | ▼ 1.2% |
| Non-distributable reserves130/1 | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Tax-exempt reserves132 | - | - | €17,059 | €16,036 | €15,012 | €13,989 | €12,965 | ▼ 7.3% |
| Distributable reserves133 | - | - | €70,000 | €70,000 | €70,000 | €70,000 | €70,000 | = |
| Profit (loss) carried forward14 | €3,368 | €2,000 | -€3,557 | -€8,850 | €81,145 | €57,703 | €61,138 | ▲ 6.0% |
| Provisions and deferred taxes16 | €9,843 | €9,316 | €8,788 | €8,261 | €7,734 | €7,206 | €6,679 | ▼ 7.3% |
| Deferred taxes168 | - | - | €8,788 | €8,261 | €7,734 | €7,206 | €6,679 | ▼ 7.3% |
| Amounts payable17/49 | €181,842 | €170,247 | €165,854 | €162,177 | €90,771 | €69,538 | €61,894 | ▼ 11.0% |
| Amounts payable after more than one year17 | €69,784 | €66,590 | €63,089 | €59,252 | €55,047 | €50,438 | €45,387 | ▼ 10.0% |
| Financial debts170/4 | - | - | €63,089 | €59,252 | €55,047 | €50,438 | €45,387 | ▼ 10.0% |
| Amounts payable within one year42/48 | €112,058 | €103,657 | €100,079 | €102,925 | €35,724 | €17,402 | €16,507 | ▼ 5.1% |
| Current portion of amounts payable after more than one year42 | - | - | €3,501 | €3,835 | €4,203 | €3,817 | €4,256 | ▲ 11.5% |
| Trade debts44 | - | - | €433 | €2,471 | €7,922 | €13,585 | €12,251 | ▼ 9.8% |
| Suppliers440/4 | - | - | €433 | €2,471 | €7,922 | €13,585 | €12,251 | ▼ 9.8% |
| Other amounts payable47/48 | - | - | €96,145 | €96,619 | €23,599 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,686 | - | - | €1,698 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,891 | -€2,392 | -€6,581 | -€6,317 | €88,971 | -€24,466 | €2,411 | ▲ 110% |
| + Depreciation and write-downs630 | €13,874 | €13,701 | €12,195 | €11,058 | €10,523 | €10,523 | €10,523 | = |
| Operating cash flow (approximation) | €6,983 | €11,309 | €5,614 | €4,741 | €99,494 | -€13,943 | €12,934 | ▲ 193% |
| Investment in fixed assets (approximation) | - | €1,559 | €0 | €0 | €71,221 | €0 | €0 | - |
| Change in cash | - | €140 | €868 | -€990 | €62,209 | -€47,893 | -€8,450 | ▲ 82.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.