CODEART asbl
ActiveSummary
CODEART asbl has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,839 and a net result of €29,569. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 35% of 6,152 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
Wholesale of machine tools
NACE 46620Activities of membership organisations NACE 94995
5th oldest company in Plombières, Wholesale and retail trade sector1 site
Size
€45,068turnover 2025
- Staff
- 1 FTE
- Equity
- €97,839
- Surplus
- €29,569
Structure
- Board
- 7 members
- Marie-Claire BRANDTDaily manager
2025 accounts 6 days early4 of 15 deeds summarised
Why 97raises riskSector: Wholesale trade (NACE 46)lowers riskLegal form: non-profit associationLiquidity: current ratio 1.89, cash €230,668Founded in 1987Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 73% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Strong
Solvency
57-4
equity 31.7% of total assets
Liquidity
73-7
short-term debt 52.9% · cash 74.8%
Profitability
87+3
return on assets 9.6%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: < 0.1%lowest value
12-2024: < 0.1%● unchanged vs 11-2024lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026highest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.89, compared with 2.33 in 2024, above the usual 1.5; short-term debt: 52.9% and cash: 74.8% of total assets), but 68.3% of the assets are financed with debt and provisions.
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 (NACE 46, micro): better than 42% on solvency, 78% on liquidity, 82% on profitability and 93% on growth.
The bankruptcy probability was computed on 28-10-2026 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-07-2026, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
6 days early
2024
5 days early
2023
8 days early
2022
20 days early
2021
16 days early
2020
23 days early
2019
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Withdrawals: René LAMBERT, Annie BRICHARD and…Reappointments: Philippe CHARLIER, Pierre DE…
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
Turnover
€45,068▲ 678%
2024 · €5,796
EBIT margin
65.3%▼ 134.6pp
2024 · 199.9%
Net result
€29,569▲ 142%
2024 · €12,194
Working capital
€144,667▲ 34.7%
2024 · €107,438
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 154% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€45,068
2025
Operating result€29,440
2025
Net result€29,569
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€308,312
2025
Equity€97,839
2025
Debt€206,334
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€144,667
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin65.3%
2025
Return on assets (ROA)9.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.89
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€157,650-€8,924▼ 94.3%€6,216▼ 30.3%€20,870▲ 236%€20,918▲ 0.2%€2,785▼ 86.7%€5,796▲ 108%€45,068▲ 678%
Operating result-€15,012--€51,467▼ 243%€42,926€46,353▲ 8.0%-€97,824€29,133€11,586▼ 60.2%€29,440▲ 154%
Net result-€13,993-€71,141€42,810within the sector's middle half▼ 39.8%€46,368within the sector's middle half▲ 8.3%-€97,740below the sector's middle half€29,343within the sector's middle half€12,194within the sector's middle half▼ 58.4%€29,569within the sector's middle half▲ 142%
EBIT margin-9.5%--576.7%▼ 567.2pp690.6%▲ 1267.3pp222.1%▼ 468.5pp-467.7%▼ 689.8pp1046.1%▲ 1513.7pp199.9%▼ 846.2pp65.3%▼ 134.6pp
Equity€48,227-€118,142▲ 145%€146,840below the sector's middle half▲ 24.3%€191,666below the sector's middle half▲ 30.5%€92,385below the sector's middle half▼ 51.8%€120,440below the sector's middle half▲ 30.4%€68,270below the sector's middle half▼ 43.3%€97,839below the sector's middle half▲ 43.3%
Total assets€222,113-€208,948▼ 5.9%€417,290below the sector's middle half▲ 99.7%€292,964below the sector's middle half▼ 29.8%€145,174below the sector's middle half▼ 50.4%€163,814below the sector's middle half▲ 12.8%€191,652below the sector's middle half▲ 17.0%€308,312below the sector's middle half▲ 60.9%
Debt€101,121-€62,155▼ 38.5%€262,450▲ 322%€93,298▼ 64.5%€44,789▼ 52.0%€35,374▼ 21.0%€119,243▲ 237%€206,334▲ 73.0%
Working capital€158,410-€183,048▲ 15.6%€382,928within the sector's middle half▲ 109%€243,869within the sector's middle half▼ 36.3%€123,403within the sector's middle half▼ 49.4%€152,624within the sector's middle half▲ 23.7%€107,438below the sector's middle half▼ 29.6%€144,667below the sector's middle half▲ 34.7%
Solvency21.7%-56.5%▲ 34.8pp35.2%within the sector's middle half▼ 21.4pp65.4%above the sector's middle half▲ 30.2pp63.6%above the sector's middle half▼ 1.8pp73.5%above the sector's middle half▲ 9.9pp35.6%within the sector's middle half▼ 37.9pp31.7%within the sector's middle half▼ 3.9pp
Current ratio4.12-13.83▲ 9.7215.61above the sector's middle half▲ 1.786.77above the sector's middle half▼ 8.848.10above the sector's middle half▲ 1.3220.15above the sector's middle half▲ 12.052.33within the sector's middle half▼ 17.821.89within the sector's middle half▼ 0.44
Return on assets (ROA)-6.3%-34.0%▲ 40.3pp10.3%above the sector's middle half▼ 23.8pp15.8%above the sector's middle half▲ 5.6pp-67.3%below the sector's middle half▼ 83.2pp17.9%above the sector's middle half▲ 85.2pp6.4%within the sector's middle half▼ 11.5pp9.6%above the sector's middle half▲ 3.2pp
Staff (FTE)2.4-2▼ 16.7%1below the sector's middle half▼ 50.0%1below the sector's middle half=1below the sector's middle half=0below the sector's middle half▼ 100%1below the sector's middle half1below the sector's middle half=
above
within
below
the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308,312
Fixed assets
€474 ▼ 85.2%
Current assets
€307,838 ▲ 63.4%
Equity and liabilities €308,312
Equity
€97,839 ▲ 43.3%
Provisions
€4,139 =
Debt
€206,334 ▲ 73.0%
Debt's share of the balance-sheet total rises from 62.2% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,172▲
2024 · €14,492
Cash flow
€32,301▲
2024 · €15,100
Quick ratio
1.58▼
2024 · 1.72
Debt to equity
2.11▲
2024 · 1.75
ROE
30.2%▲
2024 · 17.9%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€163,171▲
2024 · €81,008
Staff costs
€47,916▲
2024 · €11,637
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93.5%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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% | 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% |
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 31,368 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.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €157,650 | €8,924 | €6,216 | €20,870 | €20,918 | €2,785 | €5,796 | €45,068 | ▲ 678% |
| Membership fees, donations, legacies and grants73 | - | - | - | €478,746 | €140,279 | €100,808 | €110,149 | €125,291 | ▲ 13.7% |
| Non-recurring operating income76A | - | - | - | €20,659 | €0 | €149 | €962 | €80 | ▼ 91.7% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €376,491 | €172,457 | €70,686 | €91,910 | €88,550 | ▼ 3.7% |
| Remuneration, social security and pensions62 | - | - | - | €80,561 | €83,144 | €185 | €11,637 | €47,916 | ▲ 312% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,003 | €4,290 | €3,479 | €3,515 | €2,477 | €2,755 | €2,906 | €2,732 | ▼ 6.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | -€3,861 | - | - |
| Other operating charges640/8 | - | - | - | €845 | €943 | €983 | €2,730 | €1,801 | ▼ 34.0% |
| Non-recurring operating charges66A | - | - | - | €12,510 | €0 | - | - | - | - |
| Gross operating margin9900 | €200,298 | €42,411 | €153,724 | €143,784 | -€11,260 | €33,056 | €24,998 | €81,889 | ▲ 228% |
| Operating profit (loss)9901 | -€15,012 | -€51,467 | €42,926 | €46,353 | -€97,824 | €29,133 | €11,586 | €29,440 | ▲ 154% |
| Financial income75/76B | - | - | - | €269 | €195 | €270 | €686 | €437 | ▼ 36.3% |
| Recurring financial income75 | €2 | €2 | €1 | €269 | €195 | €0 | €686 | €437 | ▼ 36.3% |
| Non-recurring financial income76B | - | - | - | - | €0 | €270 | €686 | €437 | ▼ 36.3% |
| Financial charges65/66B | - | - | - | €254 | €111 | €60 | €78 | €308 | ▲ 295% |
| Recurring financial charges65 | €83 | €79 | €117 | €254 | €111 | €60 | €78 | €308 | ▲ 295% |
| Non-recurring financial charges66B | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€15,093 | -€51,544 | €42,810 | €46,368 | -€97,740 | €29,343 | €12,194 | €29,569 | ▲ 142% |
| Profit (loss) for the period9904 | -€13,993 | €71,141 | €42,810 | €46,368 | -€97,740 | €29,343 | €12,194 | €29,569 | ▲ 142% |
| Profit (loss) for the period to be appropriated9905 | -€13,993 | €71,141 | €42,810 | €46,368 | -€97,740 | €29,343 | €12,194 | €29,569 | ▲ 142% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €222,113 | €208,948 | €417,290 | €292,964 | €145,174 | €163,814 | €191,652 | €308,312 | ▲ 60.9% |
| Fixed assets21/28 | €12,903 | €11,638 | €8,159 | €6,862 | €4,385 | €3,218 | €3,206 | €474 | ▼ 85.2% |
| Tangible fixed assets22/27 | €12,878 | €11,613 | €8,134 | €6,837 | €4,360 | €3,193 | €3,206 | €474 | ▼ 85.2% |
| Plant, machinery and equipment23 | - | - | - | €6,837 | €4,360 | €3,193 | €3,206 | €474 | ▼ 85.2% |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | €25 | €0 | - | - |
| Current assets29/58 | €209,210 | €197,310 | €409,131 | €286,102 | €140,789 | €160,596 | €188,446 | €307,838 | ▲ 63.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €35,000 | €40,000 | €0 | - | - |
| Other amounts receivable291 | - | - | - | - | €35,000 | €40,000 | €0 | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - | €49,289 | €49,288 | = |
| Stocks30/36 | - | - | - | - | €0 | - | €49,289 | €49,288 | = |
| Amounts receivable within one year40/41 | €68,242 | €53,822 | €53,356 | €67,494 | €15,910 | €18,754 | €37,541 | €26,546 | ▼ 29.3% |
| Trade receivables40 | - | - | - | €18,043 | €9,362 | €16,531 | €12,748 | €19,178 | ▲ 50.4% |
| Other amounts receivable41 | - | - | - | €49,451 | €6,548 | €2,223 | €24,793 | €7,368 | ▼ 70.3% |
| Cash at bank and in hand54/58 | €140,930 | €143,449 | €355,630 | €218,426 | €88,282 | €100,140 | €99,167 | €230,668 | ▲ 133% |
| Deferred charges and accrued income490/1 | - | - | - | €182 | €1,597 | €1,702 | €2,449 | €1,336 | ▼ 45.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €222,113 | €208,948 | €417,290 | €292,964 | €145,174 | €163,814 | €191,652 | €308,312 | ▲ 60.9% |
| Equity10/15 | €48,227 | €118,142 | €146,840 | €191,666 | €92,385 | €120,440 | €68,270 | €97,839 | ▲ 43.3% |
| Contributions10/11 | - | - | - | - | €58,046 | €58,046 | €0 | - | - |
| Capital10 | - | - | - | - | €58,046 | €58,046 | €0 | - | - |
| Revaluation surpluses12 | - | - | - | - | - | - | €0 | - | - |
| Reserves13 | - | - | - | €101,447 | €101,447 | €101,447 | - | - | - |
| Profit (loss) carried forward14 | -€132,516 | -€61,375 | -€18,565 | €27,803 | -€69,937 | -€40,594 | €68,270 | €97,839 | ▲ 43.3% |
| Investment grants15 | - | - | - | €4,370 | €2,829 | €1,541 | €0 | - | - |
| Provisions and deferred taxes16 | €72,765 | €28,651 | €8,000 | €8,000 | €8,000 | €8,000 | €4,139 | €4,139 | = |
| Provisions for liabilities and charges160/5 | - | - | - | €8,000 | €8,000 | €8,000 | €4,139 | €4,139 | = |
| Other liabilities and charges164/5 | - | - | - | €8,000 | €8,000 | €8,000 | €4,139 | €4,139 | = |
| Amounts payable17/49 | €101,121 | €62,155 | €262,450 | €93,298 | €44,789 | €35,374 | €119,243 | €206,334 | ▲ 73.0% |
| Amounts payable within one year42/48 | €50,800 | €14,262 | €26,203 | €42,233 | €17,386 | €7,972 | €81,008 | €163,171 | ▲ 101% |
| Trade debts44 | €15,968 | €10,576 | €17,090 | €31,168 | €13,355 | €7,972 | €3,091 | €17,511 | ▲ 467% |
| Suppliers440/4 | - | - | - | €31,168 | €13,355 | €7,972 | €3,091 | €17,511 | ▲ 467% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €67,359 | €80,034 | ▲ 18.8% |
| Taxes, remuneration and social security45 | - | - | - | €11,065 | €4,031 | €0 | €5,598 | - | - |
| Remuneration and social security454/9 | - | - | - | €11,065 | €4,031 | €0 | €5,598 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €51,065 | €27,403 | €27,402 | €38,235 | €43,163 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,993 | €71,141 | €42,810 | €46,368 | -€97,740 | €29,343 | €12,194 | €29,569 | ▲ 142% |
| + Depreciation and write-downs630 | €5,003 | €4,290 | €3,479 | €3,515 | €2,477 | €2,755 | €2,906 | €2,732 | ▼ 6.0% |
| Operating cash flow (approximation) | -€8,990 | €75,431 | €46,289 | €49,883 | -€95,263 | €32,098 | €15,100 | €32,301 | ▲ 114% |
| Investment in fixed assets (approximation) | - | -€3,025 | €0 | -€2,218 | €0 | -€1,588 | -€2,894 | €0 | - |
| Change in cash | - | €2,519 | €212,181 | -€137,204 | -€130,144 | €11,858 | -€973 | €131,501 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 25-07-2026 | 2026-00331392 |
| 31-12-2024 | full format | 26-07-2025 | 2025-00326193 |
| 31-12-2023 | full format | 23-07-2024 | 2024-00278152 |
| 31-12-2022 | full format | 11-07-2023 | 2023-00228740 |
| 31-12-2021 | full format | 15-07-2022 | 2022-20190180 |
| 31-12-2020 | full format | 08-07-2021 | 2021-32700351 |
| 31-12-2019 | full format | 06-08-2020 | 2020-39700381 |
| 31-12-2018 | full format | 26-08-2019 | 2019-50500111 |
| 31-12-2017 | full format | 29-06-2018 | 2018-25300598 |
| 31-12-2016 | full format | 27-07-2017 | 2017-39600223 |
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Of the 816 active companies whose main activity is wholesale of machine tools (NACE 46620), figures are known for 645. 378 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
7 directors, 1 in day-to-day management, last change in 2026
Board 7
Pierre DE DIJCKER
CurrentDirector · since 25-07-2024
René ERNST
CurrentDirector · since 25-07-2024
René LAMBERT
CurrentDirector · since 25-07-2024
Alain LUKANGA EFIBA DIN'KANTA
CurrentDirector
Claudine OGER-MAAS
CurrentDirector
Philippe CHARLIER
CurrentAdministrateur, président
Pierre DE DICKER
CurrentDirector
Day-to-day management 1
Marie-Claire BRANDT
CurrentDay-to-day manager · since 10-03-2025
Other functions 1
Henri MUYTJENS
CurrentChargé des finances · since 17-08-2026
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
11 of this company's 15 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
10 people since 2024, 9 in office
- Board
- Day-to-day management
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Pierre DE DIJCKER |
|
| René ERNST |
|
| René LAMBERT |
|
| Alain LUKANGA EFIBA DIN'KANTA |
|
| Claudine OGER-MAAS |
|
| Philippe CHARLIER |
|
| Pierre DE DICKER |
|
| Marie-Claire BRANDT |
|
| Henri MUYTJENS |
|
| Philippe TELLER |
|
Owners and capital
Owners
This non-profit association has no shareholders or capital.
Group and network
Connections & network
7 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
17-08
Gazette deed
Withdrawals: René LAMBERT, Annie BRICHARD and 4 othersReappointments: Philippe CHARLIER, Pierre DE DICKER and 3 others · Appointment: Henri MUYTJENS (chargé des finances)19 facts ▸
Gazette deed
Withdrawals: René LAMBERT, Annie BRICHARD and 4 others
Reappointments: Philippe CHARLIER, Pierre DE DICKER and 3 others · Appointment: Henri MUYTJENS (chargé des finances)19 facts ▸
- General meeting, 17-06-2026
- Member resignation, René LAMBERT (director)
- Member resignation, Annie BRICHARD (member)
- Member resignation, Philippe SPRUMONT (member)
- Member resignation, Philippe TELLER (member)
- Member resignation, Francis VAN MASSENHOVE (member)
- Member resignation, Guy DODEMONT (member)
- General meeting, “unanimité, approbation des mouvements de membres” (deed in French)
- General meeting, 1, 1
- General meeting, “Les 2 administrateurs absents ce jour ont marqué leur accord pour se représenter” (deed in French)
- Board meeting, 2024-12
- Other provision, “cartes bancaires, Roger LOOZEN” (deed in French)
- +7 further facts in this act
25-07
NBB filing
Annual accounts filed
financial year 2025 · full format
2025
26-07
NBB filing
Annual accounts filed
financial year 2024 · full format
10-03
Gazette deed
Appointment: Marie-Claire BRANDT (day-to-day manager)5 facts ▸
Gazette deed
Appointment: Marie-Claire BRANDT (day-to-day manager)
5 facts ▸
- Board meeting, 11-12-2024
- Board meeting, 7, “Approbation et/ou modification éventuelle de l'ordre du jour” (deed in French)
- Director appointment, Marie-Claire BRANDT (day-to-day manager)
- Director in office, Roger LOOZEN (day-to-day manager)
- Director in office, Henri MUYTJENS (day-to-day manager)
2024
25-07
Gazette deed
Resignation: Philippe TELLER (director)Appointments: René LAMBERT, René ERNST and Pierre DE DIJCKER · Withdrawal: Lisette NYSSEN (membre de l'ag) · Admissions: René ERNST, René LAMBERT and Jean MOMMER16 facts ▸
Gazette deed
Resignation: Philippe TELLER (director)
Appointments: René LAMBERT, René ERNST and Pierre DE DIJCKER · Withdrawal: Lisette NYSSEN (membre de l'ag) · Admissions: René ERNST, René LAMBERT and Jean MOMMER16 facts ▸
- General meeting, 05-06-2024
- Director resignation, Philippe TELLER (director)
- Director appointment, René LAMBERT (director)
- Director appointment, René ERNST (director)
- Director appointment, Pierre DE DIJCKER (director)
- Board composition, Philippe CHARLIER (director)
- Board composition, Pierre DE DIJCKER (director)
- Board composition, René ERNST (director)
- Board composition, René LAMBERT (director)
- Board composition, Alain LUKANGA EFIBA DIN'KINTA (director)
- Board composition, Claudine OGER-MAAS (director)
- Member resignation, Lisette NYSSEN (membre de l'ag)
- +4 further facts in this act
23-07
NBB filing
Annual accounts filed
financial year 2023 · full format
04-01
Gazette deed
Amendment of the articles
2023
31-12
Financial
Back to profitnet €29,343
Net result €29,343 after one loss-making year.
31-12
Financial
Liquidity more than doubledcurrent ratio 20.15
Current ratio from 8.10 to 20.15; short-term debt falls from €17,386 to €7,972.
31-12
Financial
Equity above €100,000equity €120,440 ▲30.4%
Equity rises from €92,385 to €120,440.
11-07
NBB filing
Annual accounts filed
financial year 2022 · full format
2022
31-12
Financial
Weakest financial yearnet -€97,740
Net result drops to -€97,740, the lowest in the series; recovery starts the following year.
Show earlier events
15-07
NBB filing
Annual accounts filed
financial year 2021 · full format
2021
31-12
Financial
Equity above €150,000equity €191,666 ▲30.5%
3 profitable years in a row build equity to €191,666.
08-07
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
06-08
NBB filing
Annual accounts filed
financial year 2019 · full format · 6 days late
2019
31-12
Financial
Back to profitnet €71,141
Net result €71,141 after one loss-making year.
31-12
Financial
Liquidity more than triplescurrent ratio 13.83
Current ratio from 4.12 to 13.83; short-term debt falls from €50,800 to €14,262.
31-12
Financial
Equity above €100,000equity €118,142 ▲145%
Equity rises from €48,227 to €118,142.
26-08
NBB filing
Annual accounts filed
financial year 2018 · full format · 26 days late
2018
29-06
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
27-07
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
4 of 15 deeds read
About the unread acts
Of the 15 Belgian Official Gazette deeds we know for this company, 4 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formNon-profit association
Founded07-12-1987
Financial year end31-12
Abbreviation FR
Codeart
Activities, NACEBEL 2025
46620Wholesale of machine tools
94995Activities of membership organisations
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434417468
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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
Location & real-estate footprint
Registered office, Plombières · 1 establishment unit since 2003
Ground area
865 m²
Building footprint
179 m²
Parcel 63037B0078/00F000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CODEART ASBL
since 2003unit no. 2.177.636.934
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63037B0078/00F000 | Wallonia | 865 m² | 1 · 179 m² | - |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'association poursuit la réalisation de ses buts tout d'abord au travers d'un appui technique dans les domaines de la transformation des…” (deed in French)
3 activities (deed in French)
- L'association poursuit la réalisation de ses buts tout d'abord au travers d'un appui technique dans les domaines de la transformation des productions agricoles, de la production d'énergie (énergies renouvelables, ...) et dans celui de la mobilité (passerelles de désenclavement, ...). Avec ses partenaires, elle met au point, localement, des machines, des outils et des technologies adaptés aux besoins des pays en développement.
- Avec ses partenaires, elle recherche aussi des solutions visant à permettre aux populations et groupes cibles non seulement de mieux produire, mais de mieux vendre leurs produits sur les marchés locaux et de se défendre face à la concurrence, notamment des produits importés
- Les actions de l'association visent finalement à aider les populations des pays en développement à améliorer la productivité de leur travail et à valoriser leurs ressources locales en s'appropriant des solutions techniques simples, robustes et durables afin d'être autonomes et de vivre dignement de leur travail.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Codéart asbl
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Chevémont 15-4852 Hombourg (commune de Plombières)” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Conseil d'Administration, 12” (deed in French)“3, assemblée générale” (deed in French)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Plénitude des droits accordés par loi et statuts, membres effectifs” (deed in French)“Membres adhérents, majorité simple des voix des membres présents ou représentés” (deed in French)“Membre entendu s'il le désire, membres effectifs et adhérents” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed