CODEER
ActiveSummary
CODEER has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,934 and a net result of €42,345. Equity is growing by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 47% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+18
Solvency82▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.65 in 2024; short-term debt: 43% and cash: 31% of total assets), and 43.1% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
56.9%
Return on assets
15.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
25 d early
2024
12 d late
2023
26 d early
2022
29 d late
2021
5 d late
2020
31 d late
2019
16 d early
← 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 for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€154,934▲ 37.6%
2024 · €112,588
Total assets
€272,444▲ 1.0%
2024 · €269,706
Net result
€42,345▲ 1,303%
2024 · €3,018
Working capital
€148,173▲ 44.8%
2024 · €102,351
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€137,632▲ 1,523%€4,398▼ 96.8%€35,332▲ 703%€7,579▼ 78.5%€64,372▲ 749%
Net result€100,003▲ 1,582%€1,306▼ 98.7%€31,078▲ 2,279%€3,018▼ 90.3%€42,345▲ 1,303%
Equity€107,186▲ 312%€108,492▲ 1.2%€109,570▲ 1.0%€112,588▲ 2.8%€154,934▲ 37.6%
Total assets€273,534▲ 153%€214,787▼ 21.5%€238,572▲ 11.1%€269,706▲ 13.1%€272,444▲ 1.0%
Debt€166,348▲ 102%€106,295▼ 36.1%€129,003▲ 21.4%€157,118▲ 21.8%€117,510▼ 25.2%
Working capital€99,994▲ 384%€99,207▼ 0.8%€98,973▼ 0.2%€102,351▲ 3.4%€148,173▲ 44.8%
Staff (FTE)2.43▲ 25.0%3=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 749% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272,444
Fixed assets
€7,193 ▼ 32.4%
Current assets
€265,250 ▲ 2.4%
Equity and liabilities €272,444
Equity
€154,934 ▲ 37.6%
Debt
€117,510 ▼ 25.2%
Debt's share of the balance-sheet total falls from 58.3% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67,815▲
2024 · €10,439
Cash flow
€45,789▲
2024 · €5,878
Current ratio
2.27▲
2024 · 1.65
Debt to equity
0.76▼
2024 · 1.40
ROE
27.3%▲
2024 · 2.7%
ROA
15.5%▲
2024 · 1.1%
Interest coverage
77.33▲
2024 · 20.86
Debt ≤ 1 year
€117,077▼
2024 · €156,718
Income taxes
€21,150▲
2024 · €4,061
Staff costs
€172,419▼
2024 · €173,593
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16,347 | €44,606 | €110,685 | €173,593 | €172,419 | ▼ 0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,008 | €1,132 | €2,492 | €2,859 | €3,444 | ▲ 20.4% |
| Other operating charges640/8 | €707 | €263 | €777 | €2,390 | €3,097 | ▲ 29.6% |
| Gross operating margin9900 | €155,694 | €50,399 | €149,286 | €186,422 | €243,331 | ▲ 30.5% |
| Operating profit (loss)9901 | €137,632 | €4,398 | €35,332 | €7,579 | €64,372 | ▲ 749% |
| Financial income75/76B | €0 | - | €26 | €1 | €1 | ▼ 4.0% |
| Recurring financial income75 | €0 | - | €26 | €1 | €1 | ▼ 4.0% |
| Financial charges65/66B | €197 | €355 | €525 | €500 | €877 | ▲ 75.3% |
| Recurring financial charges65 | €197 | €355 | €525 | €500 | €877 | ▲ 75.3% |
| Profit (loss) for the period before taxes9903 | €137,435 | €4,044 | €34,833 | €7,080 | €63,496 | ▲ 797% |
| Income taxes67/77 | €37,432 | €2,737 | €3,755 | €4,061 | €21,150 | ▲ 421% |
| Profit (loss) for the period9904 | €100,003 | €1,306 | €31,078 | €3,018 | €42,345 | ▲ 1,303% |
| Profit (loss) for the period to be appropriated9905 | €100,003 | €1,306 | €31,078 | €3,018 | €42,345 | ▲ 1,303% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €273,534 | €214,787 | €238,572 | €269,706 | €272,444 | ▲ 1.0% |
| Fixed assets21/28 | €7,191 | €9,286 | €10,596 | €10,637 | €7,193 | ▼ 32.4% |
| Tangible fixed assets22/27 | €2,391 | €4,486 | €5,796 | €5,837 | €2,393 | ▼ 59.0% |
| Plant, machinery and equipment23 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | €2,391 | €4,486 | €5,796 | €5,837 | €2,393 | ▼ 59.0% |
| Financial fixed assets28 | €4,800 | €4,800 | €4,800 | €4,800 | €4,800 | = |
| Current assets29/58 | €266,343 | €205,502 | €227,976 | €259,069 | €265,250 | ▲ 2.4% |
| Amounts receivable within one year40/41 | €110,895 | €132,339 | €134,002 | €98,680 | €174,209 | ▲ 76.5% |
| Trade receivables40 | €108,210 | €126,712 | €126,857 | €80,264 | €164,090 | ▲ 104% |
| Other amounts receivable41 | €2,684 | €5,626 | €7,144 | €18,416 | €10,119 | ▼ 45.0% |
| Cash at bank and in hand54/58 | €152,648 | €70,623 | €89,864 | €154,675 | €84,574 | ▼ 45.3% |
| Deferred charges and accrued income490/1 | €2,800 | €2,540 | €4,110 | €5,714 | €6,467 | ▲ 13.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €273,534 | €214,787 | €238,572 | €269,706 | €272,444 | ▲ 1.0% |
| Equity10/15 | €107,186 | €108,492 | €109,570 | €112,588 | €154,934 | ▲ 37.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €100,986 | €102,292 | €103,370 | €106,388 | €148,734 | ▲ 39.8% |
| Non-distributable reserves130/1 | €984 | €984 | €984 | €984 | €984 | = |
| Reserves not available under the articles1311 | €984 | €984 | €984 | €984 | €984 | = |
| Distributable reserves133 | €100,002 | €101,308 | €102,386 | €105,405 | €147,750 | ▲ 40.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - | - |
| Amounts payable17/49 | €166,348 | €106,295 | €129,003 | €157,118 | €117,510 | ▼ 25.2% |
| Amounts payable within one year42/48 | €166,348 | €106,295 | €129,003 | €156,718 | €117,077 | ▼ 25.3% |
| Financial debts43 | €341 | €678 | €0 | €4,982 | €4,606 | ▼ 7.6% |
| Credit institutions430/8 | €341 | €678 | €0 | €4,982 | €4,606 | ▼ 7.6% |
| Trade debts44 | €95,288 | €54,264 | €53,686 | €121,481 | €53,601 | ▼ 55.9% |
| Suppliers440/4 | €95,288 | €54,264 | €53,686 | €121,481 | €53,601 | ▼ 55.9% |
| Taxes, remuneration and social security45 | €70,609 | €51,354 | €45,317 | €30,255 | €58,870 | ▲ 94.6% |
| Taxes450/3 | €66,054 | €44,583 | €26,784 | €4,298 | €40,180 | ▲ 835% |
| Remuneration and social security454/9 | €4,555 | €6,771 | €18,533 | €25,957 | €18,690 | ▼ 28.0% |
| Other amounts payable47/48 | €111 | €0 | €30,000 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €399 | €433 | ▲ 8.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €100,003 | €1,306 | €31,078 | €3,018 | €42,345 | ▲ 1,303% |
| + Depreciation and write-downs630 | €1,008 | €1,132 | €2,492 | €2,859 | €3,444 | ▲ 20.4% |
| Operating cash flow (approximation) | €101,011 | €2,438 | €33,570 | €5,878 | €45,789 | ▲ 679% |
| Investment in fixed assets (approximation) | - | -€3,226 | -€3,803 | -€2,900 | €0 | ▲ 100% |
| Change in cash | - | -€82,024 | €19,241 | €64,811 | -€70,101 | ▼ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-09
State Gazette act
Registered officeRegistered-office move · Power of attorney5 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney5 facts ▸
- Registered-office move, 2800 Mechelen, Frederik de Merodestraat 86a
- Power of attorney, Ludovic Mertens
- Power of attorney, Alexander Verleysen
- Power of attorney, Joris Durinck
- Power of attorney, Bianca De Nockere
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €154,934 ▲37.6%
8 profitable years in a row build equity to €154,934.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €1,306 ▼98.7%
Net result drops to €1,306, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Highest result since 2018net €100,003 ▲1,582%
Operating result €137,632, net result €100,003, both a record.
31-12
Financial
Equity above €100,000Eq €107,186 ▲312%
4 profitable years in a row build equity to €107,186.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2019
Ground area
1,569 m²
Building footprint
515 m²
Volume, LiDAR
6,032 m³
2 parcels, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Codeer
since 20192.300.481.296
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025B0406/00L000 | Flanders | 1,209 m² | 1 · 155 m² | 10.8 m · 3 fl. |
| 12025B0406/00C000 | Flanders | 361 m² | 1 · 361 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 7,500 EUR awarded · 7,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
Similar companies · same sector, comparable size
MDB Projects
BE 0500.794.865
Keerbergen · Eq €154,914
RéZOO
BE 0468.751.807
Lubbeek · Eq €154,908
TM CONSULTING
BE 0774.457.502
Beringen · Eq €154,976
FORTONICS
BE 0881.481.362
Beveren-Kruibeke-Zwijndrecht · Eq €154,878
DEVOSIGHT
BE 0637.787.371
Evere · Eq €154,859
Of 30,007 companies in sector 62200 we hold annual accounts for 18,396. 15,295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0672596614
Also
9925:BE0672596614
Registered
09-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.