Turnover
≈ €240,000 estimated
The micro format states no turnover.
CODEBAT CONSTRUCTION
Lifetime
6 annual accounts with figures on one time axispeak €34,677 (2025)
€34,677▲ 35.9%
lowest -€7,375 (2021)
€14,510▼ 10.5%
peak €49,802 (2025)
€49,802▲ 41.1%
€42,105▼ 13.2%
Board1 name since 2019
1 directorKAZANKAYA Özer
Documentsfilings and deeds
29-09-202660 days late
2025micro format
Gross margin from €25,513 to €34,677Equity from €35,293 to €49,802Cash from €36,742 to €10,551
Key points
from the 2025 annual accountsChecked score
52
Fair
Financially stronger than 61% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.6%
01-2025: 4.6%● unchanged vs 12-2024
02-2025: 4.6%● unchanged vs 01-2025
03-2025: 4.5%▼ -0.1 percentage points vs 02-2025
04-2025: 4.6%▲ +0.1 percentage points vs 03-2025
05-2025: 4.6%● unchanged vs 04-2025
06-2025: 3.7%▼ -0.9 percentage points vs 05-2025
07-2025: 3.9%▲ +0.2 percentage points vs 06-2025
08-2025: 4.8%▲ +0.9 percentage points vs 07-2025
09-2025: 4.8%● unchanged vs 08-2025highest value
10-2025: 1.8%▼ -3.0 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.8%● unchanged vs 12-2025
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.7%▼ -0.1 percentage points vs 02-2026
04-2026: 1.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.7%▼ -0.1 percentage points vs 04-2026
06-2026: 1.7%● unchanged vs 05-2026
07-2026: 1.7%● unchanged vs 06-2026lowest value
08-2026: 2.5%▲ +0.8 percentage points vs 07-2026
09-2026: 2.7%▲ +0.2 percentage points vs 08-2026
10-2026: 3.0%▲ +0.3 percentage points vs 09-2026
11-2026: 3.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 60 days late; 3 of the last 3 accounts late
Size: total assets €91,907
Sector: Construction of residential and non-residential buildings (NACE 41)
Founded in 2019
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 41, micro). It does better than 63% of them on solvency, 39% on liquidity, 68% on profitability and 76% 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, 26,972 companies had the same profile as CODEBAT CONSTRUCTION has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODEBAT CONSTRUCTION itself is higher: 3.0% within 12 months. It rests on far more data about CODEBAT CONSTRUCTION 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 26,972 companies, not a prediction for CODEBAT CONSTRUCTION. 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 €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.54 (1.02 in 2024), above the usual 1.5. Short-term debt is 45.8% and cash 11.5% of total assets. 45.8% 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.
raises risk
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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 · 6 filingsDeviation from the deadline
2025
60 days late
2024
61 days late
2023
31 days late
2022
116 days early
2021
31 days early
2020
40 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 6 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 1 September (4 of the last 5 accounts filed within 63 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 0208:0721864991
Registered office moved from Virton to Steenokkerzeel
New registered office: Frans Halslaan 9, 1820 Steenokkerzeel · Previous registered office: Rue Saint-Roch 44, 6760 Virton · Change of role: KAZANKAYA Özer, from manager to director · General meeting of 22-04-2021 · Gazette deed
Incorporation
Founding capital of €18,600, 186 shares, €12,400 paid up · Founder: KAZANKAYA Özer · Appointment: KAZANKAYA Özer (manager) · published on 07-03-2019 · Gazette deed
First establishment
Rue Saint-Roch 44, Virton
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEBAT CONSTRUCTION Steenokkerzeel | - | - | 54.2% | - |
| ZCC Merchtem | - | - | 57.1% | - |
| VACARU CONSTRUCT Ternat | - | - | 86.7% | - |
| RVZ Concept Tienen | - | - | 38.5% | - |
| Janicon Holsbeek | €362,966 | 4.7% | 39.2% | - |
| GLOBAL 66 Dilbeek | - | - | 57.9% | - |
| TMC COMPANY Wemmel | €146,323 | 15.8% | 80.6% | - |
These companies have the same main activity as CODEBAT CONSTRUCTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €81,400 and €97,400, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 05-03-2019Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.294.152.5426760 Virton, since 05-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2025
Insights on CODEBAT CONSTRUCTION
CODEBAT CONSTRUCTION files the micro format. That format states no turnover. The gross margin rose from €7,029 in 2020 to €34,677 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 CODEBAT CONSTRUCTION
- What is the company number of CODEBAT CONSTRUCTION?
- The company number of CODEBAT CONSTRUCTION is 0721.864.991. The VAT number is the same number with BE in front: BE 0721.864.991.
- Where is CODEBAT CONSTRUCTION based?
- The registered office is at Frans Halslaan 9, 1820 Steenokkerzeel.Company details
- What does CODEBAT CONSTRUCTION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CODEBAT CONSTRUCTION?
- CODEBAT CONSTRUCTION is a private limited company (BV).
- When was CODEBAT CONSTRUCTION founded?
- CODEBAT CONSTRUCTION was founded on 05-03-2019.
- Is CODEBAT CONSTRUCTION still active?
- Yes, CODEBAT CONSTRUCTION is an active enterprise in the KBO register.
- What is the turnover of CODEBAT CONSTRUCTION?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €34,677 and 164 comparable companies (NACE 41001). It probably lies between €130,000 and €430,000.Financials
- Is CODEBAT CONSTRUCTION profitable?
- In financial year 2025, CODEBAT CONSTRUCTION made a profit of €14,510.
- Where can I find the annual accounts of CODEBAT CONSTRUCTION?
- CODEBAT CONSTRUCTION filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODEBAT CONSTRUCTION due?
- CODEBAT CONSTRUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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