Financials
- Financial year
- 2025
- Total assets
- €1.0m
- Loss
- -€40,538
- Solvency
- 3.2%
Total assets▲ 751%
Net result
20202025
CODECO INTERNATIONAL
ActiveSummary
The annual accounts of CODECO INTERNATIONAL for financial year 2025 show a net loss of 116% of the equity at the start of that year. The 2025 annual accounts show equity of €32,956 and a net result of -€40,538. Equity is shrinking by about 27% per year across the filed financial years. Its solvency ranks better than 11% of 38,960 sector peers (NACE 70, financial year 2025). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
Business and other management consultancy
NACE 70200
1 site
Size
€1.0mtotal assets 2025
- Equity
- €32,956
- Loss
- -€40,538
Turnover not published (abbreviated or micro format)
Structure
Accounts filed 25 days late0 of 3 deeds read
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year1 change of registered office in 24 monthsLiquidity: current ratio 0.00, cash €879lowers riskSize: total assets €1.0mFounded in 1989Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 15% of its sector peers (NACE 70, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
28-26
equity 3.2% of total assets
Liquidity
11-1
short-term debt 72.4% · cash 0.1%
Profitability
14+14
return on assets -4.0%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 0.8%▲ +0.5 percentage points vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.9%▲ +0.1 percentage points vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.3%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 0.6%▼ -0.7 percentage points vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.0, compared with 0.02 in 2024; short-term debt: 72.4% and cash: 0.1% of total assets), and 96.8% of the assets are financed with debt.
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 70, micro): better than 12% on solvency, 5% on liquidity, 12% on profitability and 31% on growth.
The bankruptcy probability was computed on 09-10-2026 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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Signals
Eight signals.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€40,538
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 38960 sector peers (2025).
NBB · sector comparisonPosition among 38960 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
25 days late
2024
18 days late
2023
1 day early
2022
55 days early
2021
310 days late
2020
675 days late
1992
94 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 152 days after the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Strikeout withdrawnStrikeout initial
Searched, nothing found (1)
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 18 August (4 of the last 5 filed years within 73 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€40,538
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 1991
- Next accounts
- by 31-07-2027
- 30-07-2024Annual accounts filed
- 23-06-2023Strikeout withdrawn
- 06-06-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 31-05-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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