Equity
€78,146 ▼ 4.1%
CODEBAR paid out €32,180 in dividends. That is 112% of the 2025 profit.
CODEBAR
Lifetime
16 annual accounts with figures on one time axispeak €207,264 (2025)
€207,264▲ 33.1%
lowest -€70,111 (2016)
€28,836▲ 192%
peak €103,466 (2022)
€78,146▼ 4.1%
€126,660▲ 35.9%
peak 4.9 FTE (2015)
-not published
Board2 names since 2008
1 directorCLAVAREAU Julien
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €155,738 to €207,264Result from €9,891 to €28,836Dividend €32,180Debts from €93,190 to €126,660Investments €68,180Cash from €25,845 to €14,773
Key points
from the 2025 annual accountsTurnover
≈ €550,000 estimated
The micro format states no turnover.
Investments
€65,087 3.1 × depreciation
Green is investment, beige is depreciation. Machinery stands 596.7% higher than in 2024.
Staff
2 employees on 31-12-2025
In 2025, 21 people joined and 21 left.
Filings
16 annual accounts 17 filings since 2010
Seven of the last ten came late. The 2018 accounts came latest: 664 days after the end of the period.
Position in the sector
€28,836
Higher net result than 80% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
Checked score
55
Fair
Financially stronger than 48% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.9%
01-2025: 0.9%● unchanged vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 0.9%● unchanged vs 02-2025
04-2025: 0.9%● unchanged vs 03-2025
05-2025: 0.9%● unchanged vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 0.9%● unchanged vs 06-2025
08-2025: 1.2%▲ +0.3 percentage points vs 07-2025
09-2025: 1.3%▲ +0.1 percentage points vs 08-2025
10-2025: 0.9%▼ -0.4 percentage points vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.8%▼ -0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026lowest value
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.2%▲ +0.4 percentage points vs 07-2026
09-2026: 1.6%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 1.6%● unchanged vs 09-2026highest value
11-2026: 1.6%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Size: total assets €204,806
lowers risk
Founded in 2008
Calculation
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 56, micro). It does better than 58% of them on solvency, 22% on liquidity, 74% on profitability and 36% on growth.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as CODEBAR has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of CODEBAR itself is higher: 1.6% within 12 months. It rests on far more data about CODEBAR than the profile alone.
Test of the method
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 34,693 companies, not a prediction for CODEBAR. 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 of up to €4,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.35 (0.66 in 2024), below 1. Short-term debt is 61.3% and cash 7.2% of total assets. 61.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
68 days late
2023
162 days late
2022
3 days late
2021
5 days late
2020
67 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 31 August (3 of the last 3 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0807895875
Demerger: CODEBAR splits off to CODEIMMO
Change of role: Julien CLARAVEAU, from manager to director · Julien CLARAVEAU holds 120 shares · Director discharge: Julien CLARAVEAU (manager) · General meeting of 19-04-2023 · Gazette deed
Demerger proposal: CODEBAR splits off to CODEIMMO SRL
Gazette deed
New establishment in Brussels
Rouppeplein 5
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEBAR Brussels | €204,806 | €207,264 | 38.2% | - |
| NAJOFA Liège | €207,588 | €192,651 | -497.2% | - |
| 'T STAMINEE Heist-op-den-Berg | €221,840 | €233,560 | 59.7% | - |
| Omnia Cleaning Services Beringen | €204,171 | €214,544 | 60.8% | - |
| HET SPORTPALEIS Bornem | €187,997 | €222,156 | 32.8% | - |
| G.A.S. Liège | €204,342 | €237,524 | -46.2% | - |
| ONETWO Oostkamp | €236,593 | €195,985 | 21.3% | - |
These companies have the same main activity as CODEBAR: cafés and bars (NACE 56301). They are comparable in size and age: total assets between €188,000 and €237,000, founded between 2006 and 2010.
Official details
Source: KBO- Status
- Active since 20-11-2008Normal situation
- Activity
- Cafés and barsNACE 56301
- Establishment units
- 2.175.003.6801000 Brussels, since 17-11-2008
- 2.332.772.6951000 Brussels, since 01-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 17-09-2025
Insights on CODEBAR
CODEBAR files the micro format. That format states no turnover. The gross margin rose from €4,063 in 2010 to €207,264 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODEBAR
- What is the company number of CODEBAR?
- The company number of CODEBAR is 0807.895.875. The VAT number is the same number with BE in front: BE 0807.895.875.
- Where is CODEBAR based?
- The registered office is at Rouppeplein 6, 1000 Brussels.Company details
- What does CODEBAR do?
- According to the KBO register, the main activity is cafés and bars (NACE 56301).
- What is the legal form of CODEBAR?
- CODEBAR is a private limited company (BV).
- When was CODEBAR founded?
- CODEBAR was founded on 20-11-2008.
- Is CODEBAR still active?
- Yes, CODEBAR is an active enterprise in the KBO register.
- How many employees does CODEBAR have?
- CODEBAR had an average of 9.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of CODEBAR?
- The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €207,264 and 32 comparable companies (NACE 56301). It probably lies between €490,000 and €710,000.
- Is CODEBAR profitable?
- In financial year 2025, CODEBAR made a profit of €28,836.
- Where can I find the annual accounts of CODEBAR?
- CODEBAR filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODEBAR due?
- CODEBAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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