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CODEC

Active
Private limited companyfounded 2004active for 22 yearsRue de la Petite Chenevière 233, 6001 Charleroi, BelgiumKBO/BCE: BE 0863.164.693
Summary

CODEC has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213,528 and a net result of €45,954. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 82% of 9,320 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
General construction of residential buildings
NACE 41001
1 site
Size
€289,678total assets 2025
Staff
5 FTE
Equity
€213,528
Profit
€45,954
Turnover not published (micro format)
Financial health
91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
2025 accounts filed 31 days late
Why 91raises riskLast filed accounts filed 31 days late; 2 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 3.41, cash €184,074Equity €213,528 (73.7% of total assets)Show the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 41, micro)
Financial strength · tick = 2024
Strong
Solvency 99=
equity 73.7% of total assets
Liquidity 90+3
short-term debt 26.3% · cash 63.5%
Profitability 89-11
return on assets 15.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,441 companies, NACE 41, micro)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.4%▼ -0.1 percentage points vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.7%▲ +0.2 percentage points vs 07-2025 09-2025: 0.8%▲ +0.1 percentage points vs 08-2025highest value 10-2025: 0.3%▼ -0.5 percentage points vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.2%▼ -0.2 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €19,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.41, compared with 3.75 in 2024, above the usual 1.5; short-term debt: 26.3% and cash: 63.5% of total assets), and 26.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 83% on solvency, 90% on liquidity, 73% on profitability and 69% on growth.

The bankruptcy probability was computed on 27-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 31 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 3.41, cash €184,074
NBB · annual accounts
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
lowers risk · Equity €213,528 (73.7% of total assets)
NBB · annual accounts
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 filings
Deviation from the deadline
2025
31 days late
2024
31 days late
2023
176 days early
2022
31 days late
2021
29 days late
2020
31 days late
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 1 day after the deadline; the sector median (NACE 41) for financial year 2024 is 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 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Equity above €200,000equity €213,528 ▲27.4%
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00484890.

Equity
€213,528▲ 27.4%
2024 · €167,574
Total assets
€289,678▲ 27.4%
2024 · €227,377
Net result
€45,954▼ 42.2%
2024 · €79,475
Working capital
€183,894▲ 26.7%
2024 · €145,117
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 37% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€75,137 2025 Net result€45,954 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€6,368-€20,657▲ 224%€7,470▼ 63.8%€14,721▲ 97.1%€39,339▲ 167%€19,295▼ 51.0%€119,030▲ 517%€75,137▼ 36.9%
Net result€1,657-€3,659▲ 121%€1,646within the sector's middle half▼ 55.0%€6,689within the sector's middle half▲ 306%€23,456within the sector's middle half▲ 251%€4,183within the sector's middle half▼ 82.2%€79,475above the sector's middle half▲ 19×€45,954above the sector's middle half▼ 42.2%
Equity€48,467-€52,126▲ 7.6%€53,772within the sector's middle half▲ 3.2%€60,462within the sector's middle half▲ 12.4%€83,917within the sector's middle half▲ 38.8%€88,100within the sector's middle half▲ 5.0%€167,574above the sector's middle half▲ 90.2%€213,528above the sector's middle half▲ 27.4%
Total assets€178,234-€158,380▼ 11.1%€149,118within the sector's middle half▼ 5.8%€177,751within the sector's middle half▲ 19.2%€202,911within the sector's middle half▲ 14.2%€189,635within the sector's middle half▼ 6.5%€227,377within the sector's middle half▲ 19.9%€289,678within the sector's middle half▲ 27.4%
Debt€129,767-€106,253▼ 18.1%€95,346▼ 10.3%€117,289▲ 23.0%€118,994▲ 1.5%€101,535▼ 14.7%€59,803▼ 41.1%€76,150▲ 27.3%
Working capital€43,929-€48,066▲ 9.4%€46,935within the sector's middle half▼ 2.4%€53,823within the sector's middle half▲ 14.7%€75,622within the sector's middle half▲ 40.5%€73,186within the sector's middle half▼ 3.2%€145,117above the sector's middle half▲ 98.3%€183,894above the sector's middle half▲ 26.7%
Solvency27.2%-32.9%▲ 5.7pp36.1%within the sector's middle half▲ 3.1pp34.0%within the sector's middle half▼ 2.0pp41.4%within the sector's middle half▲ 7.3pp46.5%within the sector's middle half▲ 5.1pp73.7%above the sector's middle half▲ 27.2pp73.7%above the sector's middle half=
Current ratio1.35-1.46▲ 0.111.56within the sector's middle half▲ 0.101.50within the sector's middle half▼ 0.071.67within the sector's middle half▲ 0.171.84within the sector's middle half▲ 0.183.75above the sector's middle half▲ 1.913.41above the sector's middle half▼ 0.34
Return on assets (ROA)0.9%-2.3%▲ 1.4pp1.1%within the sector's middle half▼ 1.2pp3.8%within the sector's middle half▲ 2.7pp11.6%within the sector's middle half▲ 7.8pp2.2%within the sector's middle half▼ 9.4pp35.0%above the sector's middle half▲ 32.7pp15.9%within the sector's middle half▼ 19.1pp
Staff (FTE)4.7-6.2▲ 31.9%5.3above the sector's middle half▼ 14.5%4.3▼ 18.9%4.1▼ 4.7%4.5▲ 9.8%5
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €289,678
Fixed assets €29,634 ▲ 0.4%
Current assets €260,043 ▲ 31.4%
Equity and liabilities €289,678
Equity €213,528 ▲ 27.4%
Debt €76,150 ▲ 27.3%
Debt's share of the balance-sheet total stays at 26.3%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84,219▼
2024 · €131,143
Cash flow
€55,035▼
2024 · €91,587
Quick ratio
3.39▼
2024 · 3.61
Debt to equity
0.36▼
2024 · 0.36
ROE
21.5%▼
2024 · 47.4%
Interest coverage
32.05▲
2024 · 30.34
Debt ≤ 1 year
€76,150▲
2024 · €52,742
Income taxes
€22,044▼
2024 · €38,214
Staff costs
€164,494▲
2024 · €144,438
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet Code20242025
Assets
Total assets20/58€227,377€289,678▲
Fixed assets21/28€29,519€29,634▲
Tangible fixed assets22/27€25,099€25,214▲
Plant, machinery and equipment23€2,044€1,598▼
Furniture and vehicles24€23,055€23,616▲
Financial fixed assets28€4,421€4,421=
Current assets29/58€197,858€260,043▲
Stocks and contracts in progress3€7,516€1,719▼
Stocks30/36€7,516€1,719▼
Amounts receivable within one year40/41€105,634€70,281▼
Trade receivables40€100,884€69,470▼
Other amounts receivable41€4,750€811▼
Cash at bank and in hand54/58€82,029€184,074▲
Deferred charges and accrued income490/1€2,680€3,970▲
Equity and liabilities
Total equity and liabilities10/49€227,377€289,678▲
Equity10/15€167,574€213,528▲
Contributions10/11€20,000€20,000=
Reserves13€122,764€168,718▲
Distributable reserves133€122,764€168,718▲
Profit (loss) carried forward14€24,810€24,810=
Amounts payable17/49€59,803€76,150▲
Amounts payable after more than one year17€7,062-
Financial debts170/4€7,062-
Amounts payable within one year42/48€52,742€76,150▲
Current portion of amounts payable after more than one year42€7,627-
Trade debts44€18,448€42,645▲
Suppliers440/4€18,448€42,645▲
Taxes, remuneration and social security45€26,667€31,333▲
Taxes450/3€16,226€16,161▼
Remuneration and social security454/9€10,441€15,172▲
Other amounts payable47/48-€2,171
Income statement Code20242025
Non-recurring operating income76A€4,536€20,138▲
Remuneration, social security and pensions62€144,438€164,494▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,113€9,082▼
Other operating charges640/8€1,799€2,547▲
Non-recurring operating charges66A-€5,367
Gross operating margin9900€277,381€256,627▼
Operating profit (loss)9901€119,030€75,137▼
Financial income75/76B€4,103€1,062▼
Recurring financial income75€8€6▼
Non-recurring financial income76B€4,095€1,056▼
Financial charges65/66B€5,445€8,201▲
Recurring financial charges65€4,323€2,628▼
Non-recurring financial charges66B€1,123€5,573▲
Profit (loss) for the period before taxes9903€117,688€67,998▼
Income taxes67/77€38,214€22,044▼
Profit (loss) for the period9904€79,475€45,954▼
Profit (loss) for the period to be appropriated9905€79,475€45,954▼
Appropriation of the result
Profit (loss) to be appropriated9906€104,285€70,764▼
Profit (loss) brought forward from the previous period14P€24,810€24,810=
Transfer to equity691/2€79,475€45,954▼
To other reserves6921€79,475€45,954▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€4,172--€4,536€20,138▲ 344%
Remuneration, social security and pensions62---€111,759€108,709€126,986€144,438€164,494▲ 13.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,250€5,250€7,878€4,131€4,798€7,835€12,113€9,082▼ 25.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€1,570€30,305---
Other operating charges640/8---€1,963€1,408€2,240€1,799€2,547▲ 41.6%
Non-recurring operating charges66A---€1,818---€5,367-
Gross operating margin9900€113,850€175,384€147,546€134,392€155,823€186,661€277,381€256,627▼ 7.5%
Operating profit (loss)9901€6,368€20,657€7,470€14,721€39,339€19,295€119,030€75,137▼ 36.9%
Financial income75/76B---€4€1,308€7,221€4,103€1,062▼ 74.1%
Recurring financial income75€261€132€0€4€4€6€8€6▼ 31.9%
Non-recurring financial income76B----€1,304€7,215€4,095€1,056▼ 74.2%
Financial charges65/66B---€4,362€4,745€19,097€5,445€8,201▲ 50.6%
Recurring financial charges65€4,390€2,113€2,053€2,892€2,657€2,881€4,323€2,628▼ 39.2%
Non-recurring financial charges66B---€1,470€2,087€16,216€1,123€5,573▲ 396%
Profit (loss) for the period before taxes9903€6,703€7,925€3,107€10,363€35,902€7,419€117,688€67,998▼ 42.2%
Income taxes67/77€5,046€4,265€1,461€3,673€12,447€3,236€38,214€22,044▼ 42.3%
Profit (loss) for the period9904€1,657€3,659€1,646€6,689€23,456€4,183€79,475€45,954▼ 42.2%
Profit (loss) for the period to be appropriated9905€1,657€3,659€1,646€6,689€23,456€4,183€79,475€45,954▼ 42.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€178,234€158,380€149,118€177,751€202,911€189,635€227,377€289,678▲ 27.4%
Fixed assets21/28€10,500€5,839€18,459€15,306€13,955€29,602€29,519€29,634▲ 0.4%
Tangible fixed assets22/27€10,500€5,250€17,202€13,547€11,298€26,482€25,099€25,214▲ 0.5%
Plant, machinery and equipment23------€2,044€1,598▼ 21.8%
Furniture and vehicles24---€13,547€11,298€26,482€23,055€23,616▲ 2.4%
Financial fixed assets28-€589€1,257€1,760€2,657€3,121€4,421€4,421=
Current assets29/58€167,734€152,540€130,659€162,444€188,956€160,032€197,858€260,043▲ 31.4%
Stocks and contracts in progress3€30,800€28,300€49,100€41,650€90,854€8,725€7,516€1,719▼ 77.1%
Stocks30/36---€41,650€90,854€8,725€7,516€1,719▼ 77.1%
Amounts receivable within one year40/41€104,401€112,104€68,359€84,380€54,652€112,935€105,634€70,281▼ 33.5%
Trade receivables40---€80,745€48,542€105,612€100,884€69,470▼ 31.1%
Other amounts receivable41---€3,635€6,111€7,323€4,750€811▼ 82.9%
Cash at bank and in hand54/58€29,619€8,097€10,694€33,957€40,614€36,457€82,029€184,074▲ 124%
Deferred charges and accrued income490/1---€2,457€2,836€1,915€2,680€3,970▲ 48.1%
Equity and liabilities
Total equity and liabilities10/49€178,234€158,380€149,118€177,751€202,911€189,635€227,377€289,678▲ 27.4%
Equity10/15€48,467€52,126€53,772€60,462€83,917€88,100€167,574€213,528▲ 27.4%
Contributions10/11€20,000€20,000-€20,000€20,000€20,000€20,000€20,000=
Reserves13€3,657€7,316€8,962€15,651€39,107€43,289€122,764€168,718▲ 37.4%
Non-distributable reserves130/1---€2,000€2,000----
Reserves not available under the articles1311---€2,000€2,000----
Distributable reserves133---€13,651€37,107€43,289€122,764€168,718▲ 37.4%
Profit (loss) carried forward14€24,810€24,810€24,810€24,810€24,810€24,810€24,810€24,810=
Amounts payable17/49€129,767€106,253€95,346€117,289€118,994€101,535€59,803€76,150▲ 27.3%
Amounts payable after more than one year17€5,962€1,779€11,621€8,668€5,660€14,688€7,062--
Financial debts170/4---€8,668€5,660€14,688€7,062--
Amounts payable within one year42/48€123,806€104,475€83,725€108,621€113,334€86,847€52,742€76,150▲ 44.4%
Current portion of amounts payable after more than one year42---€2,954€3,008€7,878€7,627--
Financial debts43---€24,700-€27,000---
Credit institutions430/8---€24,700-€27,000---
Trade debts44€53,595€26,621€12,521€12,434€38,916€24,768€18,448€42,645▲ 131%
Suppliers440/4---€12,434€38,916€24,768€18,448€42,645▲ 131%
Taxes, remuneration and social security45---€17,688€23,348€26,826€26,667€31,333▲ 17.5%
Taxes450/3---€3,673€12,360€7,240€16,226€16,161▼ 0.4%
Remuneration and social security454/9---€14,015€10,988€19,586€10,441€15,172▲ 45.3%
Other amounts payable47/48---€50,845€48,062€376-€2,171-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,657€3,659€1,646€6,689€23,456€4,183€79,475€45,954▼ 42.2%
+ Depreciation and write-downs630€5,250€5,250€7,878€4,131€4,798€7,835€12,113€9,082▼ 25.0%
Operating cash flow (approximation)€6,906€8,909€9,524€10,820€28,253€12,018€91,587€55,035▼ 39.9%
Investment in fixed assets (approximation)--€589-€20,498-€978-€3,446-€23,482-€12,030-€9,197▲ 23.5%
Change in cash--€21,522€2,597€23,263€6,658-€4,157€45,571€102,045▲ 124%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 21 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 31-08-2026 2026-00484890
31-12-2024 micro format 31-08-2025 2025-00466206
31-12-2023 micro format 06-02-2024 2024-00026810
31-12-2022 micro format 31-08-2023 2023-00396010
31-12-2021 micro format 29-08-2022 2022-20376378
31-12-2020 micro format 31-08-2021 2021-64400158
31-12-2019 micro format 31-08-2020 2020-50700531
31-12-2018 micro format 30-08-2019 2019-61500156
31-12-2017 micro format 31-08-2018 2018-60700444
31-12-2016 micro format 31-08-2017 2017-59300239

Show all 21 filings

Similar companies · same sector, comparable size

Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,301. 12,063 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2023
DE CONINCK Serge Claude Jules
Director (not named in the articles) · since 20-12-2023
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2023, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DE CONINCK Serge Claude Jules
  • Manager, until 20-12-2023
  • Director (not named in the articles), from 20-12-2023 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 20-12-2023 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 20-12-2023 Converted to unavailable equity

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 3 February 2004, CODEC was incorporated.1 DE CONINCK Serge Claude Jules has served as director of the company since 2023.2 Total assets went from €178,234 in 2018 to €289,678 in 2025 and headcount from 4.7 to 5 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-12-2023
  3. 3National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 31 days late
2025
31-12
Financial Equity above €200,000equity €213,528 ▲27.4%
A profit in every financial year since 2018 builds equity to €213,528.
31-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 31 days late
2024
31-12
Financial Highest result from 2018 to 2025net €79,475 ▲1,800%
Operating result €119,030, net result €79,475, both a record.
31-12
Financial Liquidity doublescurrent ratio 3.75
Current ratio from 1.84 to 3.75; short-term debt falls from €86,847 to €52,742.
31-12
Financial Equity above €150,000equity €167,574 ▲90.2%
A profit in every financial year since 2018 builds equity to €167,574.
06-02
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
20-12
Gazette deed Resignation: DE CONINCK Serge Claude Jules (manager)
Appointment: DE CONINCK Serge Claude Jules (director) · Shareholding · Capital23 facts ▸
  • General meeting, 05-12-2012
  • Other provision, “présentation du registre des actions nominatives, composition de l'assemblée” (deed in French)
  • Shareholding, 38
  • Shareholding, 2
  • Capital
  • Power of attorney, DE CONINCK Serge Claude Jules
  • Other provision, “ordre du jour, assemblée convoquée pour délibérer sur l’ordre du jour” (deed in French)
  • Proposal, 1, “adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
  • Proposal, 2, “supprimer le compte de capitaux propres statutairement indisponible et le mettre à disposition pour distributions futures” (deed in French)
  • Proposal, 3, “adoption de nouveaux statuts en concordance avec le Code des sociétés et des associations, sans modification de l’objet” (deed in French)
  • Proposal, 4, “démission et renouvellement du gérant comme administrateur” (deed in French)
  • Proposal, 5, “adresse du siège” (deed in French)
  • +11 further facts in this act
31-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 31 days late
2022
29-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 29 days late
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 31 days late
2020
31-12
Financial Weakest financial yearnet €1,646 ▼55%
Net result drops to €1,646, the lowest in the series; recovery starts the following year.
Show earlier events
31-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 31 days late
2019
30-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 30 days late
2018
31-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 31 days late
2017
31-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 31 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded03-02-2004
Financial year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
E-mail codec.sprl@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:0863164693
Also 9925:BE0863164693
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0863.164.693

Recognitions · licences · registrations

Recognised contractor

20 categories
CODEC SRLapproval no. 40087
  • D General building contractsclass 3, up to €600,000
  • D1 All shell construction and roofing-in of buildingsclass 3, up to €600,000
  • D4 Sound and heat insulation, light partitions, false ceilings and floorsclass 1, up to €162,000
  • D5 General joinery, timber roof trusses and stairsclass 1, up to €162,000
  • D8 Asphalt and similar roof coverings, waterproofingclass 1, up to €162,000
  • D10 Tilingclass 1, up to €162,000
  • D11 Plastering and renderingclass 1, up to €162,000
  • D12 Non-metal, non-asphalt roof coveringsclass 1, up to €162,000
Show all 20 categories
  • D16 Sanitary installations and gas heating with individual appliancesclass 1, up to €162,000
  • D17 Central heating, thermal installationsclass 1, up to €162,000
  • D18 Ventilation, warm-air heating and air conditioningclass 1, up to €162,000
  • D20 Metal joineryclass 1, up to €162,000
  • D21 Cleaning and restoring facadesclass 1, up to €162,000
  • D22 Metal roofing and zinc workclass 1, up to €162,000
  • F General steel construction contractsclass 1, up to €162,000
  • F1 Assembly and dismantling (without supplies)class 1, up to €162,000
  • F2 Steel load-bearing structuresclass 1, up to €162,000
  • G5 Demolitionclass 1, up to €162,000
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
  • P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 1, up to €162,000
decision 11-03-2024

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2004
registered office establishment The establishment unit on the map
Ground area
263 m²
Building footprint
14 m²
Parcel 52392C0312/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CODEC
Rue de la Petite Chenevière 233, 6001 CharleroiGeneral construction of residential buildings
since 2004unit no. 2.135.989.983
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
52392C0312/00P000 Wallonia 263 m² 1 · 14 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La réalisation de toutes affaires immobilières en ce comprenant l’entreprise générale de construction,de maçonnerie et de carrelage…” (deed in French)
38 activities (deed in French)
  1. La réalisation de toutes affaires immobilières en ce comprenant l’entreprise générale de construction,de maçonnerie et de carrelage
  2. L’entreprise d’installation d’échafaudages,de rejointoyage et de nettoyage de façades
  3. L’entreprise de travaux de démolition ainsi que l’entreprise de rénovation et le négoce de matériaux de construction
  4. L’ensemble d’entreprise de louage de véhicules ou de machines industrielles quelconques,de manutention de marchandise,la location d’entrepôts,de magasins,la location de matériel divers,fourniture de main-d’œuvre aux entreprises commerciales et industrielles
  5. L’électricité générale du bâtiment,l’électricité industrielle basse tension,moyenne tension,haute tension,la fabrication et le montage d’ensembles électriques,le montage électromécanique,l’importation et l’exportation de matériel électrique et électronique,l’étude et la réalisation de circuits imprimés,la mise en œuvre et la programmation d’automates,l’étude et la réalisation d’installations domotiques,la vente et l’installation d’installations d’ouvertures automatiques de portes de garages et de portails,le montage d’ensemble de batteries,l’étude ainsi que la réalisation d’implantation d’instrumentation et leurs composants en polyester
  6. L’étude et la réalisation d’installations de ventilation,climatisation,chauffage électrique sous toutes ses formes
  7. L’étude et la réalisation d’installations de télécommunications,réseaux informatiques et fibres optiques
  8. L’architecture d’intérieur,la tuyauterie industrielle,la menuiserie métallique,l’informatique industrielle,l’aménagement de parcs et jardins,l’entreprise de terrassement et la peinture industrielle
  9. L’entreprise de placement de clôtures,entreprise de peinture industrielle,entreprises de recouvrement de corniches en PVC,de mise sous toit,entreprise de démoussage de toitures,entreprises de ramonage de cheminée,entreprise de travaux de distribution d’eau et de gaz,de fabrication d’agglomérés de ciment et de produits préfabriqués en ciment,en béton
  10. L’entreprise de garnissage de meubles non métalliques
  11. Le placement d’articles en matière plastique ou produits synthétiques suivant l’article 6 arrêté royal du 31 août 1964,hormis les activités réglementées
  12. Le commerce de détail de matériaux de construction en Belgique et à l’étranger,l’import-export de tous matériaux de construction
  13. La pose de câble et de canalisations diverses,la localisation de câbles à haute tension et de tuyaux
  14. Les canalisations pour la distribution d’eau et de gaz,la pose de câbles électriques divers
  15. Les travaux de gros œuvres et de parachèvement
  16. L’entreprise générale de construction de bâtiments,le coffrage et ferraillage
  17. La coordination des sous-traitants,la construction d’habitations préfabriquées
  18. La construction de cheminées et de fours
  19. La construction de chaudières et le placement de tous produits réfractaires
  20. Les travaux de démolition de bâtiments et d’ouvrage d’art
  21. L’arasement et le déblayage
  22. Les travaux de pierres de taille et de marbrerie,les travaux de restauration,nettoyage et lavage de bâtiments,façades et monuments,la pose de marbrerie du bâtiment et de pierre de taille
  23. Tous travaux d’usinage,montage mécano-soudé,pièces forgées et de chaudronnerie,ainsi que l’importation et l’exportation de ces types de produits
  24. La gestion de sécurité d’entreprise et l’activité de conseiller en sécurité
  25. Les travaux de couvertures de construction et travaux hydrofuges,les couvertures en tuiles,en chaume,en ardoises naturelles et artificielles,en tôles d’acier et en asbeste-ciment,les métaux non ferreux exceptés
  26. L’isolation thermique et acoustique
  27. Le revêtement de murs et de sol,travaux de carrelage et de mosaïque,travaux de plafonnage,de cimentage et de tous travaux de stuc et staff
  28. La charpenterie,menuiserie bois,pvc,menuiserie métallique,placement de serrurerie et de quincaillerie du bâtiment,placement de portes et de plinthes en matière plastique,placement de volets en bois et en matière plastique,la pose de parquets et de sous revêtements en bois,des murs et du sol,la pose de cloisons et de faux plafonds,le placement de ferronnerie,de volets et de menuiserie métallique,ainsi que le placement de grilles de portes rétractiles et roulantes et de stores extérieurs,le recouvrement de murs et plafonds par application d’éléments métalliques
  29. Les travaux de vitrerie,la pose de vitres,de glaces,de miroiterie,de vitraux,la construction de parois et couvertures en béton translucide
  30. La peinture et tapissage,le chaulage et le badigeonnage,le tapissage et le garnissage,le placement de couvre-parquets de matière plastique
  31. Les constructions métalliques et ouvrages d’art métallique
  32. Les tuyauteries industrielles et canalisations
  33. L’installation de ventilation et d’aération de chauffage à air chaud,de conditionnement d’air et le calorifugeage de tuyauteries et de canalisation
  34. Le chauffage central,l’installation de sanitaires,plomberie-zinguerie,l’installation de chauffage central à eau chaude,à vapeur ou à gaz et des appareils auxiliaires,l’installation de sanitaire,plomberie-zinguerie,installation d’adoucisseurs d’eau,les toitures en métaux non ferreux et le placement de lucarnes en zinc,ainsi que les travaux de réparation et d’entretien,le placement,l’entretien et la réparation de tous brûleurs
  35. Les travaux de placement,d’installation,d’entretien et de réparation d’installations spéciales,installation de fabrique ou d’ateliers,de stations de pompage,d’aménagement d’installations frigorifiques
  36. L’entreprise générale d’installations de transports dans les bâtiments
  37. Ascenseurs,mnte-charges,escaliers et trottoirs roulants
  38. Le transprt par gaine ou tubes d’objets,de documents ou de marchandises(pneumatique,mécaniques…)

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
CODEC
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, organe d’administration peut établir sièges administratifs,agences,ateliers,dépôts et succursales,en Belgique ou à…” (deed in French)

deed of 20-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Organe d'administration, avec ou sans limitation de durée” (deed in French)

deed of 20-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Nullité, actions dont la cession est proposée” (deed in French)

deed of 20-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Friday of June at 10:00

deed of 20-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Modification des statuts, à tout moment” (deed in French)

deed of 20-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Apports et souscription préférentielle, compte de capitaux propres disponible” (deed in French)
Other provision: “Obligation de libération, lors de l'émission des actions” (deed in French)
Other provision: “Participation à l'assemblée générale, inscription dans le registre des titres nominatifs de sa catégorie” (deed in French)
Other provision: “Déroulement et droit de vote, majorité des voix quel que soit le nombre d'actions représentées” (deed in French)
Other provision: “Proposition de l'organe d'administration, distribution des bénéfices” (deed in French)
Other provision: “Élection de domicile, au siège” (deed in French)
Other provision: “Tribunal de l'arrondissement du siège social, tribunal compétent” (deed in French)
Other provision: “Droit applicable, Code des sociétés et des associations” (deed in French)
3 more provisions in the deed, see the deed of 20-12-2023

deed of 20-12-2023