Losses
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
The 2023 accounts came latest: 152 days after the end of the period.
New director. Latest change 01-01-2026 · 1 in office.
Lower net result than 80% of companies in postal and courier. Sector median €5,100 · 631 companies.
The dashed line is the sector median: 2.6% across 916 companies (NACE 53, micro).
About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 53, micro). It does better than 35% of them on solvency, 16% on liquidity, 9% on profitability and 9% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,133 companies had the same profile as Codeeli has now. Each dot stands for 3 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Codeeli itself is higher: 8.5% within 12 months. It rests on far more data about Codeeli than the profile alone.
The method was tested on the 497,447 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 1,133 companies, not a prediction for Codeeli. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
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.
The company filed its last 4 accounts on average 59 days after the deadline. In the sector (NACE 53), the median for financial year 2024 was 13 days after the deadline, and 56% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Codeeli Dilbeek | €3,697 | -€3,422 | 20.0% | - |
| UZARIB CLEANING Sint-Pieters-Leeuw | €3,022 | -€1,346 | -124.4% | - |
| AUTO GEOMAR Sint-Pieters-Leeuw | €4,946 | €1,092 | 14.8% | - |
| Cil Trans Evergem | €4,731 | -€3,551 | 41.9% | - |
| BAREX SERVICES Charleroi | €4,683 | -€2,202 | 59.4% | - |
| JET KOERIER Lanaken | €4,320 | -€1,913 | -89.9% | - |
| PR LOGISTICS Chapelle-lez-Herlaimont | €2,663 | -€3,393 | -172.5% | - |
These companies have the same main activity as Codeeli: other postal and courier activities (NACE 53200). They are comparable in size and age: total assets between €2,660 and €4,950, founded between 2020 and 2023.
Codeeli files the micro format. That format states no turnover. The gross margin rose from -€6,422 in 2022 to -€3,422 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.
Amounts without an identifiable currency are taken as euros.
Higher than 87% of 725 companies in 2024.
Higher than 87% of 699 companies in 2024.
Lower than 95% of 702 companies in 2024.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
3,697 | 9,614 | 45,642 | 13,993 | |
20 |
75 | 246 | 416 | 586 | |
21/28 |
- | - | 7,354 | 8,795 | |
22/27 |
- | - | 7,354 | 8,795 | |
24 |
- | - | 7,354 | 8,795 | |
29/58 |
3,622 | 9,368 | 37,872 | 4,613 | |
40/41 |
3,622 | 7,379 | 19,922 | 3,640 | |
40 |
3,622 | 7,379 | 19,922 | 1,732 | |
41 |
- | - | - | 1,908 | |
54/58 |
- | 1,990 | 17,950 | 973 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
3,697 | 9,614 | 45,642 | 13,993 | |
10/15 |
739 | 7,202 | 19,084 | 1,426 | |
10/11 |
5,000 | 5,000 | 5,000 | 5,000 | |
14 |
-4,261 | 2,202 | 14,084 | -3,574 | |
17/49 |
2,958 | 2,412 | 26,558 | 12,567 | |
42/48 |
2,958 | 2,412 | 26,558 | 12,567 | |
43 |
9 | - | - | - | |
430/8 |
9 | - | - | - | |
44 |
2,929 | 750 | 2,154 | 3,528 | |
440/4 |
2,929 | 750 | 2,154 | 3,528 | |
45 |
21 | - | 18,628 | 9,039 | |
450/3 |
21 | - | 18,628 | 3,171 | |
454/9 |
- | - | - | 5,868 | |
47/48 |
- | 1,661 | 5,775 | - | |
| Income statement | |||||
76A |
- | 24 | - | - | |
9900 |
-3,422 | -11,220 | 31,044 | -6,422 | |
630 |
170 | 170 | 5,990 | 4,941 | |
640/8 |
549 | 387 | 40 | - | |
9901 |
-4,142 | -11,778 | 25,014 | -11,362 | |
65/66B |
103 | 104 | 200 | 124 | |
65 |
103 | 104 | 200 | 124 | |
9903 |
-4,245 | -11,882 | 24,814 | -11,486 | |
67/77 |
2,218 | - | 7,155 | - | |
9904 |
-6,463 | -11,882 | 17,658 | -11,486 | |
9905 |
-6,463 | -11,882 | 17,658 | -11,486 | |
| Appropriation of the result | |||||
9906 |
-4,261 | 2,202 | 14,084 | -3,574 | |
14P |
2,202 | 14,084 | -3,574 | 7,912 | |
| Document | |||||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-08-2026.
2025 annual accounts filed 23 days after the deadline. Filed on 23 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415432.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -3,972 | -11,608 | 31,003 | -6,422 | ||
| -6,293 | -11,712 | 23,648 | -6,546 | ||
| 0 | -6,939 | 4,379 | 1,503 | ||
| - | -15,961 | 16,978 | - | ||
| 663 | 6,956 | 11,314 | -7,954 | ||
| - | 74.9% | 41.8% | 10.2% | ||
| - | 3.88 | 1.43 | 0.37 | ||
| - | 0.33 | 1.39 | 8.81 | ||
| - | -165.0% | 92.5% | -805.6% | ||
| - | -123.6% | 38.7% | -82.1% | ||
| -38.48 | -111.17 | over 100 | -51.81 |
The ratios are withheld because a balance sheet total of €3,697 is too small for a meaningful ratio.
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 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €4,379 | €1,503 |
| €170 | €170 | €5,990 | €4,941 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,142, smaller than the loss of €11,778 in 2024.
Debt's share of the balance-sheet total rises from 25.1% to 80.0%. Equity is lower and debt is higher.
Codeeli has no parent and no holdings in its annual accounts. Hamza Ziani is the only director. Codeeli shares no director with another company.
| ALL MEDIA CENTER
registered office since 06-11-2023 · founded in 2023 |
turnover €2.5m (2025) 1001.973.475 |
| THE HUB
registered office since 23-03-2012 · founded in 2012 |
total assets €1.7m (2025) 0844.751.620 |
| VERONET
registered office since 01-03-2016 · founded in 2016 |
turnover €1.4m (2022) 0649.538.328 |
| KSK INVEST
registered office since 26-09-2022 · founded in 2022 |
total assets €1.3m (2025) 0791.367.570 |
| ALL INVEST BELGIUM
registered office since 04-06-2025 · founded in 2025 |
turnover €979,096 (2025) 1023.998.811 |
| CIMS
registered office since 04-06-2007 · founded in 2007 |
total assets €879,125 (2021) 0889.812.771 |
| Krihan Construct
registered office since 14-10-2021 · founded in 2021 · accounts filed late |
turnover €851,846 (2025) 0775.770.762 |
| BEAN BUSINESS
registered office since 13-09-2022 · founded in 2022 · accounts filed late |
turnover €776,561 (2024) 0790.737.268 |
| BARAKA-LAND
establishment since 19-09-2018 · founded in 2018 |
turnover €734,082 (2024) 0694.797.736 |
| INTERPRO SERVICES
registered office since 08-03-2024 · founded in 2024 |
turnover €729,479 (2025) 1006.945.221 |
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 |
|---|---|---|
| Oudesmidsestraat 20 registered office 1700 Dilbeek | 15-06-2021 | 2.319.884.464 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23016D0063/00W002 | 300 m² | 1 · 299 m² | 12.6 m · 3 |
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. Use the enterprise number 0769.702.720
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