Equity
Equity fell by 69% in 11 years.
Equity fell by 69% in 11 years.
From profit to loss in 2025, after a profit of €31,405 in 2024.
Lower net result than 95% of companies in education. Sector median €7,281 · 2,614 companies.
In July 2024, 4,805 companies had the same profile as CoDeBuMa has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,448 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 4,805 companies, not a prediction for CoDeBuMa. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CoDeBuMa Maaseik | €64,107 | -€27,666 | 72.6% | - |
| C.O.L.E. HR CONSULTANCY Zottegem | €66,462 | -€5,038 | 65.2% | - |
| CLOUD & CLEAR Liège | €59,139 | -€7,614 | 64.3% | - |
| KNDL Stekene | €73,382 | -€2,481 | 86.9% | - |
| Tekstueel Zonhoven | €83,799 | -€497 | 89.5% | - |
| REMEDIAL TEACHING CENTER Hasselt | €56,998 | -€9,451 | 56.6% | - |
| People Coach Laakdal | €68,815 | -€36,994 | 84.3% | - |
These companies have the same main activity as CoDeBuMa: other education (NACE 85599). They are comparable in size and age: total assets between €57,000 and €83,800, founded between 2005 and 2012.
CoDeBuMa files the micro format. That format states no turnover. The gross margin fell from €70,735 in 2011 to -€27,666 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 75% of 2,612 companies in 2025.
Higher than 67% of 2,481 companies in 2025.
Lower than 95% of 2,510 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
64,107 | 109,396 | 81,487 | 41,459 | 31,597 | 48,821 | 41,385 | 94,797 | 103,370 | 119,989 | 182,076 | 173,643 | 142,623 | 124,593 | 97,762 | |
21/28 |
13,198 | 15,269 | 6,277 | 9,265 | 3,572 | 5,327 | 2,452 | 20,943 | 40,672 | 62,927 | 86,646 | 19,444 | 19,424 | 19,581 | 19,688 | |
22/27 |
13,198 | 15,269 | 6,277 | 9,265 | 3,572 | 5,327 | 2,452 | 20,943 | 40,672 | 62,927 | 86,646 | 19,394 | 19,374 | 19,531 | 19,638 | |
24 |
0 | 439 | 1,277 | 8,993 | 2,953 | 4,035 | 489 | 18,308 | 37,366 | 58,950 | 81,998 | 14,073 | 16,108 | 16,614 | 19,638 | |
26 |
13,198 | 14,831 | 0 | 273 | 620 | 1,291 | 1,963 | 2,634 | 3,306 | 3,977 | 4,649 | 5,320 | 3,266 | 2,917 | - | |
27 |
- | 0 | 5,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | - | - | 50 | 50 | 50 | 50 | |
29/58 |
50,910 | 94,126 | 75,211 | 32,193 | 28,024 | 43,495 | 38,932 | 73,854 | 62,698 | 57,061 | 95,429 | 154,200 | 123,199 | 105,012 | 78,074 | |
40/41 |
30,204 | 68,600 | 37,242 | 967 | 4,501 | 2,258 | 21,514 | 66,652 | 49,022 | 14,819 | 10,311 | 5,410 | 15,580 | 15,746 | 34,548 | |
40 |
29,753 | 68,600 | 37,242 | 617 | 4,169 | 2,258 | 13,231 | 66,100 | 47,981 | 5,993 | 6,311 | 5,410 | 13,560 | 10,506 | 31,370 | |
41 |
451 | - | 0 | 350 | 332 | - | 8,283 | 553 | 1,041 | 8,826 | 4,000 | - | 2,020 | 5,240 | 3,178 | |
50/53 |
- | - | - | - | - | - | - | - | - | 310 | 310 | - | - | - | - | |
54/58 |
14,794 | 17,004 | 27,806 | 29,204 | 21,845 | 38,797 | 14,319 | 4,199 | 11,457 | 39,537 | 82,393 | 147,566 | 105,996 | 87,674 | 42,693 | |
490/1 |
5,911 | 8,522 | 10,163 | 2,022 | 1,677 | 2,440 | 3,100 | 3,002 | 2,219 | 2,396 | 2,415 | 1,223 | 1,623 | 1,592 | 833 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
64,107 | 109,396 | 81,487 | 41,459 | 31,597 | 48,821 | 41,385 | 94,797 | 103,370 | 119,989 | 182,076 | 173,643 | 142,623 | 124,593 | 97,762 | |
10/15 |
46,530 | 79,175 | 47,770 | 11,004 | 1,530 | 1,992 | -11,912 | 40,432 | 60,805 | 58,561 | 101,996 | 148,952 | 117,481 | 86,359 | 51,104 | |
10/11 |
45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 45,100 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | 53,700 | 53,700 | 53,700 | 53,700 | 53,700 | 53,700 | 53,700 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | |
13 |
72,096 | 72,096 | 72,096 | 72,096 | 72,096 | 72,096 | 72,096 | 72,096 | 76,756 | 75,627 | 74,503 | 103,852 | 72,381 | 76,359 | 41,104 | |
130/1 |
- | - | - | 0 | 5,370 | 5,370 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 5,370 | 1,860 | 1,860 | |
1311 |
- | - | - | 0 | 5,370 | 5,370 | - | - | - | - | - | - | - | - | - | |
132 |
- | - | - | - | - | - | - | - | 4,660 | 3,531 | 2,407 | - | - | - | - | |
133 |
72,096 | 72,096 | 72,096 | 72,096 | 66,726 | 66,726 | 66,726 | 66,726 | 66,726 | 66,726 | 66,726 | 98,482 | 67,011 | 74,499 | 39,244 | |
14 |
-70,666 | -38,021 | -69,426 | -106,192 | -115,666 | -115,204 | -129,108 | -76,764 | -61,050 | -62,166 | -17,607 | - | - | - | - | |
17/49 |
17,577 | 30,221 | 33,718 | 30,455 | 30,067 | 46,830 | 53,297 | 54,364 | 42,564 | 61,428 | 80,080 | 24,691 | 25,142 | 38,235 | 46,658 | |
17 |
- | - | - | - | - | - | - | 3,115 | 23,025 | 40,120 | 57,069 | - | - | 2,790 | 13,676 | |
170/4 |
- | - | - | - | - | - | - | 3,115 | 12,358 | 21,454 | 30,403 | - | - | 2,790 | 13,676 | |
178/9 |
- | - | - | - | - | - | - | - | 10,667 | 18,667 | 26,667 | - | - | - | - | |
42/48 |
17,577 | 30,221 | 33,718 | 30,455 | 30,067 | 46,830 | 53,297 | 51,250 | 19,540 | 21,307 | 21,510 | 23,191 | 23,642 | 33,945 | 31,482 | |
42 |
- | - | - | - | - | - | 3,115 | 9,244 | 17,095 | 16,949 | 16,806 | - | 2,790 | 10,886 | 10,465 | |
44 |
1,046 | 903 | 1,880 | 4,426 | 1,593 | 530 | 763 | 1,815 | 2,025 | 2,266 | 4,531 | 1,647 | 2,482 | 6,858 | 1,735 | |
440/4 |
1,046 | 903 | 1,880 | 4,426 | 1,593 | 530 | 763 | 1,815 | 2,025 | 2,266 | 4,531 | 1,647 | 2,482 | 6,858 | 1,735 | |
45 |
873 | 9,346 | 8,181 | 411 | 606 | 1,460 | 242 | - | 303 | 1,902 | 174 | 20,690 | 18,371 | 16,201 | 19,282 | |
450/3 |
873 | 9,346 | 8,181 | 411 | 606 | 1,460 | 242 | - | 303 | 110 | 23 | 20,690 | 15,974 | 16,201 | 19,282 | |
454/9 |
- | - | - | - | - | - | - | - | - | 1,792 | 151 | - | 2,396 | - | - | |
47/48 |
15,658 | 19,971 | 23,657 | 25,617 | 27,868 | 44,840 | 49,178 | 40,191 | 116 | 190 | - | 855 | - | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
| Income statement | ||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 147,211 | 144,900 | |
76A |
- | 0 | 3,122 | 50 | 0 | 10,750 | - | - | - | - | - | - | - | - | - | |
9900 |
-27,666 | 62,001 | 40,548 | 13,710 | 1,957 | 15,932 | -32,042 | 389 | 27,004 | -25,730 | -17,838 | 55,906 | 65,615 | 63,026 | 70,735 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 85,881 | 75,520 | |
630 |
2,072 | 2,337 | 1,111 | 3,147 | 1,754 | 1,316 | 19,263 | 19,729 | 22,256 | 23,719 | 24,290 | 6,452 | 15,249 | 12,077 | 9,819 | |
631/4 |
0 | 25,564 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
989 | 896 | 947 | 932 | 564 | 510 | 719 | 562 | 213 | 421 | 931 | 668 | 745 | 660 | 571 | |
9901 |
-30,726 | 33,204 | 38,490 | 9,631 | -362 | 14,107 | -52,024 | -19,903 | 4,535 | -49,870 | -43,059 | 48,786 | 49,621 | 50,288 | 60,345 | |
75/76B |
149 | 260 | 74 | 50 | 15 | 11 | 5 | 2 | 11 | 9,161 | 572 | 681 | 1,218 | 1,049 | 66 | |
75 |
149 | 260 | 74 | 0 | 15 | 11 | 5 | 2 | 11 | 111 | 572 | 681 | 1,218 | 1,049 | 66 | |
76B |
- | - | 0 | 50 | - | - | - | - | - | 9,050 | - | - | - | - | - | |
65/66B |
1,820 | 1,730 | 1,474 | 207 | 116 | 94 | 325 | 471 | 1,995 | 2,586 | 831 | 145 | 456 | 864 | 895 | |
65 |
1,820 | 1,730 | 1,474 | 207 | 116 | 94 | 325 | 471 | 1,995 | 2,586 | 831 | 145 | 456 | 864 | 895 | |
9903 |
-32,397 | 31,734 | 37,090 | 9,474 | -462 | 14,024 | -52,345 | -20,373 | 2,551 | -43,295 | -43,318 | 49,321 | 50,383 | 50,473 | 59,516 | |
67/77 |
248 | 329 | 324 | - | 0 | 120 | 0 | 1 | 307 | 139 | 3,639 | 17,850 | 15,361 | 15,218 | 18,412 | |
9904 |
-32,645 | 31,405 | 36,766 | 9,474 | -462 | 13,904 | -52,345 | -20,373 | 2,244 | -43,434 | -46,956 | 31,471 | 35,022 | 35,255 | 41,104 | |
789 |
- | - | - | - | - | - | - | 4,660 | - | - | - | - | - | - | - | |
689 |
- | - | - | - | - | - | - | - | 1,128 | 1,125 | 2,407 | - | - | - | - | |
9905 |
-32,645 | 31,405 | 36,766 | 9,474 | -462 | 13,904 | -52,345 | -15,713 | 1,116 | -44,559 | -49,363 | 31,471 | 35,022 | 35,255 | 41,104 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-70,666 | -38,021 | -69,426 | -106,192 | -115,666 | -115,204 | -129,108 | -76,764 | -61,050 | -62,166 | -49,363 | 31,471 | 35,022 | 35,255 | 41,104 | |
14P |
-38,021 | -69,426 | -106,192 | -115,666 | -115,204 | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | 31,756 | - | 39,000 | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 31,471 | 35,022 | 35,255 | 41,104 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 3,510 | - | 1,860 | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | 31,471 | 31,512 | 35,255 | 39,244 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 39,000 | - | - | |
694 |
- | - | - | - | - | - | - | - | - | - | - | - | 39,000 | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197385 | |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00103839 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00173462 | |
| 31-12-2022 | micro format | 10-08-2023 | 2023-00322446 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20272405 | |
| 31-12-2020 | micro format | 17-08-2021 | 2021-49300388 | |
| 31-12-2019 | micro format | 24-07-2020 | 2020-33700393 | |
| 31-12-2018 | micro format | 29-07-2019 | 2019-41200536 | |
| 31-12-2017 | micro format | 19-06-2018 | 2018-22300382 | |
| 31-12-2016 | micro format | 16-06-2017 | 2017-19500269 | |
| 31-12-2015 | abbreviated format | 06-07-2016 | 2016-29900115 | |
| 31-12-2014 | abbreviated format | 01-07-2015 | 2015-26600430 | |
| 31-12-2013 | abbreviated format | 02-07-2014 | 2014-27000209 | |
| 31-12-2012 | abbreviated format | 28-06-2013 | 2013-24700083 | |
| 31-12-2011 | abbreviated format | 20-08-2012 | 2012-43400211 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -28,654 | 35,541 | 39,601 | 12,778 | 1,393 | 15,423 | -32,761 | -174 | 26,790 | -26,151 | -18,769 | 55,238 | 64,870 | 62,365 | 70,164 | ||
| -30,574 | 33,743 | 37,877 | 12,621 | 1,292 | 15,220 | -33,082 | -644 | 24,500 | -19,716 | -22,667 | 37,923 | 50,271 | 47,332 | 50,923 | ||
| 0 | 16,330 | 5,000 | 8,840 | 0 | 4,190 | 772 | 0 | 0 | 0 | 91,542 | 6,472 | 15,092 | 11,970 | 29,507 | ||
| -2,209 | -10,802 | -1,398 | 7,359 | -16,951 | 24,478 | 10,120 | -7,258 | -28,080 | -42,857 | -65,173 | 41,570 | 18,322 | 44,982 | - | ||
| 33,332 | 63,906 | 41,493 | 1,738 | -2,043 | -3,335 | -14,365 | 22,604 | 43,158 | 35,754 | 73,919 | 131,009 | 99,557 | 71,067 | 46,592 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 34.2% | 41.6% | ||
| 72.6% | 72.4% | 58.6% | 26.5% | 4.8% | 4.1% | -28.8% | 42.7% | 58.8% | 48.8% | 56.0% | 85.8% | 82.4% | 69.3% | 52.3% | ||
| 2.90 | 3.11 | 2.23 | 1.06 | 0.93 | 0.93 | 0.73 | 1.44 | 3.21 | 2.68 | 4.44 | 6.65 | 5.21 | 3.09 | 2.48 | ||
| 0.38 | 0.38 | 0.71 | 2.77 | 19.65 | 23.51 | - | 1.34 | 0.70 | 1.05 | 0.79 | 0.17 | 0.21 | 0.44 | 0.91 | ||
| -70.2% | 39.7% | 77.0% | 86.1% | -30.2% | 698.2% | - | -50.4% | 3.7% | -74.2% | -46.0% | 21.1% | 29.8% | 40.8% | 80.4% | ||
| -50.9% | 28.7% | 45.1% | 22.9% | -1.5% | 28.5% | -126.5% | -21.5% | 2.2% | -36.2% | -25.8% | 18.1% | 24.6% | 28.3% | 42.0% | ||
| -15.75 | 20.55 | 26.86 | 61.84 | 12.05 | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 26 days | 79 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | 29 days | 8 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €16,330 | €5,000 | €8,840 | - |
| €2,072 | €2,337 | €1,111 | €3,147 | €1,754 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €30,726, after a profit of €33,204 in 2024. It is the lowest result since 2019.
Debt's share of the balance-sheet total falls from 27.6% to 27.4%. Equity and debt are lower.
CoDeBuMa has no parent and no holdings in its annual accounts.
| Vereniging van mede-eigenaars Residentie 't Spoor te 3680 Maaseik, Spoorwegstraat 13
registered office since 26-07-2022 |
founded in 2022 0786.201.826 |
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Spoorwegstraat 13 registered office 3680 Maaseik | 25-02-2011 | 2.196.585.586 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 72021D0741/00D000 | 1,871 m² | 1 · 651 m² | 1.9 m |
If something looks wrong or is missing, please tell us.