CoDeBuMa
ActiveSummary
CoDeBuMa has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79,175 and a net result of €31,405. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 2545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency97▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.11 against 2.23 in 2023; short-term debt: 27.6% and cash: 15.5% of total assets), and 27.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €79,175
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-05-2025, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d early
2023
36 d early
2022
10 d late
2021
5 d late
2020
17 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€79,175▲ 65.7%
2023 · €47,770
Total assets
€109,396▲ 34.2%
2023 · €81,487
Net result
€31,405▼ 14.6%
2023 · €36,766
Working capital
€63,906▲ 54.0%
2023 · €41,493
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14,107-€362€9,631€38,490▲ 300%€33,204▼ 13.7%
Net result€13,904-€462€9,474€36,766▲ 288%€31,405▼ 14.6%
Equity€1,992€1,530▼ 23.2%€11,004▲ 619%€47,770▲ 334%€79,175▲ 65.7%
Total assets€48,821▲ 18.0%€31,597▼ 35.3%€41,459▲ 31.2%€81,487▲ 96.6%€109,396▲ 34.2%
Debt€46,830▼ 12.1%€30,067▼ 35.8%€30,455▲ 1.3%€33,718▲ 10.7%€30,221▼ 10.4%
Working capital-€3,335▲ 76.8%-€2,043▲ 38.7%€1,738€41,493▲ 2,287%€63,906▲ 54.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109,396
Fixed assets
€15,269 ▲ 143%
Current assets
€94,126 ▲ 25.1%
Equity and liabilities €109,396
Equity
€79,175 ▲ 65.7%
Debt
€30,221 ▼ 10.4%
Debt's share of the balance-sheet total falls from 41.4% to 27.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35,541▼
2023 · €39,601
Cash flow
€33,743▼
2023 · €37,877
Current ratio
3.11▲
2023 · 2.23
Debt to equity
0.38▼
2023 · 0.71
ROE
39.7%▼
2023 · 77.0%
ROA
28.7%▼
2023 · 45.1%
Interest coverage
20.55▼
2023 · 26.86
Debt ≤ 1 year
€30,221▼
2023 · €33,718
Income taxes
€329▲
2023 · €324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €50 | €3,122 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,316 | €1,754 | €3,147 | €1,111 | €2,337 | ▲ 110% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €25,564 | - |
| Other operating charges640/8 | - | €564 | €932 | €947 | €896 | ▼ 5.4% |
| Gross operating margin9900 | €15,932 | €1,957 | €13,710 | €40,548 | €62,001 | ▲ 52.9% |
| Operating profit (loss)9901 | €14,107 | -€362 | €9,631 | €38,490 | €33,204 | ▼ 13.7% |
| Financial income75/76B | - | €15 | €50 | €74 | €260 | ▲ 252% |
| Recurring financial income75 | €11 | €15 | €0 | €74 | €260 | ▲ 252% |
| Non-recurring financial income76B | - | - | €50 | €0 | - | - |
| Financial charges65/66B | - | €116 | €207 | €1,474 | €1,730 | ▲ 17.3% |
| Recurring financial charges65 | €94 | €116 | €207 | €1,474 | €1,730 | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €14,024 | -€462 | €9,474 | €37,090 | €31,734 | ▼ 14.4% |
| Income taxes67/77 | €120 | €0 | - | €324 | €329 | ▲ 1.4% |
| Profit (loss) for the period9904 | €13,904 | -€462 | €9,474 | €36,766 | €31,405 | ▼ 14.6% |
| Profit (loss) for the period to be appropriated9905 | €13,904 | -€462 | €9,474 | €36,766 | €31,405 | ▼ 14.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48,821 | €31,597 | €41,459 | €81,487 | €109,396 | ▲ 34.2% |
| Fixed assets21/28 | €5,327 | €3,572 | €9,265 | €6,277 | €15,269 | ▲ 143% |
| Tangible fixed assets22/27 | €5,327 | €3,572 | €9,265 | €6,277 | €15,269 | ▲ 143% |
| Furniture and vehicles24 | - | €2,953 | €8,993 | €1,277 | €439 | ▼ 65.6% |
| Other tangible fixed assets26 | - | €620 | €273 | €0 | €14,831 | - |
| Assets under construction and advance payments27 | - | - | - | €5,000 | €0 | ▼ 100% |
| Current assets29/58 | €43,495 | €28,024 | €32,193 | €75,211 | €94,126 | ▲ 25.1% |
| Amounts receivable within one year40/41 | €2,258 | €4,501 | €967 | €37,242 | €68,600 | ▲ 84.2% |
| Trade receivables40 | - | €4,169 | €617 | €37,242 | €68,600 | ▲ 84.2% |
| Other amounts receivable41 | - | €332 | €350 | €0 | - | - |
| Cash at bank and in hand54/58 | €38,797 | €21,845 | €29,204 | €27,806 | €17,004 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | €1,677 | €2,022 | €10,163 | €8,522 | ▼ 16.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48,821 | €31,597 | €41,459 | €81,487 | €109,396 | ▲ 34.2% |
| Equity10/15 | €1,992 | €1,530 | €11,004 | €47,770 | €79,175 | ▲ 65.7% |
| Contributions10/11 | - | €45,100 | €45,100 | €45,100 | €45,100 | = |
| Reserves13 | €72,096 | €72,096 | €72,096 | €72,096 | €72,096 | = |
| Non-distributable reserves130/1 | - | €5,370 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €5,370 | €0 | - | - | - |
| Distributable reserves133 | - | €66,726 | €72,096 | €72,096 | €72,096 | = |
| Profit (loss) carried forward14 | -€115,204 | -€115,666 | -€106,192 | -€69,426 | -€38,021 | ▲ 45.2% |
| Amounts payable17/49 | €46,830 | €30,067 | €30,455 | €33,718 | €30,221 | ▼ 10.4% |
| Amounts payable within one year42/48 | €46,830 | €30,067 | €30,455 | €33,718 | €30,221 | ▼ 10.4% |
| Trade debts44 | €530 | €1,593 | €4,426 | €1,880 | €903 | ▼ 51.9% |
| Suppliers440/4 | - | €1,593 | €4,426 | €1,880 | €903 | ▼ 51.9% |
| Taxes, remuneration and social security45 | - | €606 | €411 | €8,181 | €9,346 | ▲ 14.2% |
| Taxes450/3 | - | €606 | €411 | €8,181 | €9,346 | ▲ 14.2% |
| Other amounts payable47/48 | - | €27,868 | €25,617 | €23,657 | €19,971 | ▼ 15.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,904 | -€462 | €9,474 | €36,766 | €31,405 | ▼ 14.6% |
| + Depreciation and write-downs630 | €1,316 | €1,754 | €3,147 | €1,111 | €2,337 | ▲ 110% |
| Operating cash flow (approximation) | €15,220 | €1,292 | €12,621 | €37,877 | €33,743 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | €0 | -€8,840 | €1,878 | -€11,330 | ▼ 703% |
| Change in cash | - | -€16,951 | €7,359 | -€1,398 | -€10,802 | ▼ 673% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €36,766 ▲288%
Operating result €38,490, net result €36,766, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.06 to 2.23.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Back to profitnet €9,474
Net result €9,474 after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
31-12
Financial
Back to profitnet €13,904
Net result €13,904 after 2 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€52,345
Net result drops to -€52,345, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
19-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Maaseik · 1 establishment unit since 2011
Ground area
1,871 m²
Building footprint
651 m²
Volume, LiDAR
18 m³
Parcel 72021D0741/00D000, Flanders · tallest building 1.9 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CoDeBuMa
since 20112.196.585.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021D0741/00D000 | Flanders | 1,871 m² | 1 · 651 m² | 1.9 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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DiaLogisch
BE 0542.754.788
Herenthout · Eq €79,789
Of 11,671 companies in sector 85599 we hold annual accounts for 1,329. 1,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.