CODEC
ActiveCODEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €214k and a net result of €46k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 81% of 7278 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.75 in 2024), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.7%
Return on assets
15.9%
Age of the figures
8 mo
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
176 d early
2022
31 d late
2021
29 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€214k▲ 27.4%
2024 · €168k
2018: €48k
2019: €52k
2020: €54k
2021: €60k
2022: €84k
2023: €88k
2024: €168k
2018 → 2025
Total assets
€290k▲ 27.4%
2024 · €227k
2018: €178k
2019: €158k
2020: €149k
2021: €178k
2022: €203k
2023: €190k
2024: €227k
2018 → 2025
Net result
€46k▼ 42.2%
2024 · €79k
2018: €2k
2019: €4k
2020: €2k
2021: €7k
2022: €23k
2023: €4k
2024: €79k
2018 → 2025
Working capital
€184k▲ 26.7%
2024 · €145k
2018: €44k
2019: €48k
2020: €47k
2021: €54k
2022: €76k
2023: €73k
2024: €145k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€84k▲ 38.8%€88k▲ 5.0%€168k▲ 90.2%€214k▲ 27.4%
Operating result€15k-€39k▲ 167%€19k▼ 51.0%€119k▲ 517%€75k▼ 36.9%
Net result€7k-€23k▲ 251%€4k▼ 82.2%€79k▲ 1,800%€46k▼ 42.2%
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 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €290k
Fixed assets
€30k▲ 0.4%
Current assets
€260k▲ 31.4%
Equity and liabilities €290k
Equity
€214k▲ 27.4%
Debt
€76k▲ 27.3%
The debt ratio stays at 26.3%.
Key figures and ratios
EBITDA
€84k▼
2024 · €131k
Cash flow
€55k▼
2024 · €92k
Solvency
73.7%=
2024 · 73.7%
Current ratio
3.41▼
2024 · 3.75
Quick ratio
3.39▼
2024 · 3.61
Debt / equity
0.36▼
2024 · 0.36
ROE
21.5%▼
2024 · 47.4%
ROA
15.9%▼
2024 · 35.0%
Interest coverage
32.05▲
2024 · 30.34
Debt
€76k▲
2024 · €60k
Debt ≤ 1 year
€76k▲
2024 · €53k
Income taxes
€22k▼
2024 · €38k
Staff costs
€164k▲
2024 · €144k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€227k€290k▲
Fixed assets21/28€30k€30k▲
Tangible fixed assets22/27€25k€25k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€23k€24k▲
Financial fixed assets28€4k€4k=
Current assets29/58€198k€260k▲
Stocks and contracts in progress3€8k€2k▼
Stocks30/36€8k€2k▼
Amounts receivable within one year40/41€106k€70k▼
Trade receivables40€101k€69k▼
Other amounts receivable41€5k€811▼
Cash at bank and in hand54/58€82k€184k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€227k€290k▲
Equity10/15€168k€214k▲
Contributions10/11€20k€20k=
Reserves13€123k€169k▲
Distributable reserves133€123k€169k▲
Profit (loss) carried forward14€25k€25k=
Amounts payable17/49€60k€76k▲
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€53k€76k▲
Current portion of amounts payable after more than one year42€8k-
Trade debts44€18k€43k▲
Suppliers440/4€18k€43k▲
Taxes, remuneration and social security45€27k€31k▲
Taxes450/3€16k€16k▼
Remuneration and social security454/9€10k€15k▲
Other amounts payable47/48-€2k
Income statement
Code20242025
Non-recurring operating income76A€5k€20k▲
Remuneration, social security and pensions62€144k€164k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€277k€257k▼
Operating profit (loss)9901€119k€75k▼
Financial income75/76B€4k€1k▼
Recurring financial income75€8€6▼
Non-recurring financial income76B€4k€1k▼
Financial charges65/66B€5k€8k▲
Recurring financial charges65€4k€3k▼
Non-recurring financial charges66B€1k€6k▲
Profit (loss) for the period before taxes9903€118k€68k▼
Income taxes67/77€38k€22k▼
Profit (loss) for the period9904€79k€46k▼
Profit (loss) for the period to be appropriated9905€79k€46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€71k▼
Profit (loss) brought forward from the previous period14P€25k€25k=
Transfer to equity691/2€79k€46k▼
To other reserves6921€79k€46k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €214k ▲27.4%
8 profitable years in a row build equity to €214k.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €79k ▲1800%
Operating result €119k, net result €79k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.84 to 3.75; short-term debt falls from €87k to €53k.
31-12
Financial
Equity above €150kEq €168k ▲90.2%
7 profitable years in a row build equity to €168k.
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €2k ▼55%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2023
DE CONINCK Serge Claude Jules
CurrentAdministrateur non statutaire · since 20-12-2023
20-12-2023
Appointed as Administrateur non statutaire
Not every act has been read: a resignation may be missing here
1 of this company's 1 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2004
Ground area
263 m²
Building footprint
14 m²
Parcel 52392C0312/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CODEC
since 20042.135.989.983
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52392C0312/00P000 | Wallonia | 263 m² | 1 · 14 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,533 companies in sector 41001 we hold annual accounts for 15,863. 11,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-02-2004
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.