CODEER
Annual accounts 2025
micro format, filed on 06-07-2026, 25 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €370,000. Estimated: probably between €340,000 and €470,000.
Balance sheet
balance sheet total €272,444 on 31-12-2025in euro
in euro
Position in the sector
56.9%
Higher than 47% of 21,217 companies in 2025.
2.27
Higher than 47% of 20,581 companies in 2025.
15.5%
Higher than 45% of 20,756 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Staff
€57,473
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
272,444 | 269,706 | 238,572 | 214,787 | 273,534 | 108,310 | 56,819 | 101,501 | 69,874 | |
20 |
- | - | - | - | - | - | - | 0 | - | |
21/28 |
7,193 | 10,637 | 10,596 | 9,286 | 7,191 | 5,387 | 12,432 | 5,676 | 2,349 | |
21 |
- | - | - | - | - | - | - | 0 | - | |
22/27 |
2,393 | 5,837 | 5,796 | 4,486 | 2,391 | 587 | 3,132 | 5,676 | 2,349 | |
22 |
- | - | - | - | - | - | - | 0 | - | |
23 |
- | - | - | - | 0 | 587 | 1,174 | 1,761 | 2,349 | |
24 |
2,393 | 5,837 | 5,796 | 4,486 | 2,391 | 0 | 1,957 | 3,915 | - | |
26 |
- | - | - | - | - | - | - | 0 | - | |
27 |
- | - | - | - | - | - | - | 0 | - | |
28 |
4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 4,800 | 9,300 | 0 | - | |
29/58 |
265,250 | 259,069 | 227,976 | 205,502 | 266,343 | 102,923 | 44,388 | 95,825 | 67,526 | |
29 |
- | - | - | - | - | - | - | 0 | - | |
290 |
- | - | - | - | - | - | - | 0 | - | |
291 |
- | - | - | - | - | - | - | 0 | - | |
3 |
- | - | - | - | - | - | - | 0 | - | |
30/36 |
- | - | - | - | - | - | - | 0 | - | |
37 |
- | - | - | - | - | - | - | 0 | - | |
40/41 |
174,209 | 98,680 | 134,002 | 132,339 | 110,895 | 74,085 | 19,075 | 51,585 | 47,092 | |
40 |
164,090 | 80,264 | 126,857 | 126,712 | 108,210 | 73,108 | 18,900 | 40,000 | 41,795 | |
41 |
10,119 | 18,416 | 7,144 | 5,626 | 2,684 | 977 | 175 | 11,585 | 5,297 | |
50/53 |
- | - | - | - | - | - | - | 0 | - | |
54/58 |
84,574 | 154,675 | 89,864 | 70,623 | 152,648 | 27,704 | 24,127 | 43,962 | 19,778 | |
490/1 |
6,467 | 5,714 | 4,110 | 2,540 | 2,800 | 1,134 | 1,185 | 278 | 656 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
272,444 | 269,706 | 238,572 | 214,787 | 273,534 | 108,310 | 56,819 | 101,501 | 69,874 | |
10/15 |
154,934 | 112,588 | 109,570 | 108,492 | 107,186 | 26,038 | 20,093 | 11,027 | 7,874 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,550 | 18,550 | 18,550 | |
101 |
- | - | - | - | - | - | 12,350 | 12,350 | 12,350 | |
11 |
- | - | - | - | - | - | - | 0 | - | |
1100/10 |
- | - | - | - | - | - | - | 0 | - | |
12 |
- | - | - | - | - | - | - | 0 | - | |
13 |
148,734 | 106,388 | 103,370 | 102,292 | 100,986 | 19,838 | 13,893 | 4,827 | 1,674 | |
130/1 |
984 | 984 | 984 | 984 | 984 | 984 | - | 0 | - | |
130 |
- | - | - | - | - | - | 984 | 984 | 984 | |
1311 |
984 | 984 | 984 | 984 | 984 | 984 | - | - | - | |
1312 |
- | - | - | - | - | - | - | 0 | - | |
1319 |
- | - | - | - | - | - | - | 0 | - | |
132 |
- | - | - | - | - | - | - | 0 | - | |
133 |
147,750 | 105,405 | 102,386 | 101,308 | 100,002 | 18,854 | 12,909 | 3,844 | 690 | |
14 |
- | 0 | 0 | 0 | 0 | - | - | 0 | - | |
15 |
- | - | - | - | - | - | - | 0 | - | |
19 |
- | - | - | - | - | - | - | 0 | - | |
16 |
- | - | - | - | - | - | - | 0 | - | |
160/5 |
- | - | - | - | - | - | - | 0 | - | |
160 |
- | - | - | - | - | - | - | 0 | - | |
161 |
- | - | - | - | - | - | - | 0 | - | |
162 |
- | - | - | - | - | - | - | 0 | - | |
163 |
- | - | - | - | - | - | - | 0 | - | |
164/5 |
- | - | - | - | - | - | - | 0 | - | |
168 |
- | - | - | - | - | - | - | 0 | - | |
17/49 |
117,510 | 157,118 | 129,003 | 106,295 | 166,348 | 82,272 | 36,726 | 90,474 | 62,000 | |
17 |
- | - | - | - | - | - | - | 0 | - | |
170/4 |
- | - | - | - | - | - | - | 0 | - | |
175 |
- | - | - | - | - | - | - | 0 | - | |
176 |
- | - | - | - | - | - | - | 0 | - | |
178/9 |
- | - | - | - | - | - | - | 0 | - | |
42/48 |
117,077 | 156,718 | 129,003 | 106,295 | 166,348 | 82,272 | 36,726 | 90,474 | 62,000 | |
42 |
- | - | - | - | - | - | - | 0 | - | |
43 |
4,606 | 4,982 | 0 | 678 | 341 | 979 | 37 | 251 | - | |
430/8 |
4,606 | 4,982 | 0 | 678 | 341 | 979 | 37 | 251 | - | |
439 |
- | - | - | - | - | - | - | 0 | - | |
44 |
53,601 | 121,481 | 53,686 | 54,264 | 95,288 | 71,649 | 29,531 | 89,292 | 43,107 | |
440/4 |
53,601 | 121,481 | 53,686 | 54,264 | 95,288 | 71,649 | 29,531 | 89,292 | 43,107 | |
441 |
- | - | - | - | - | - | - | 0 | - | |
46 |
- | - | - | - | - | - | - | 0 | - | |
45 |
58,870 | 30,255 | 45,317 | 51,354 | 70,609 | 9,534 | 7,059 | 931 | 893 | |
450/3 |
40,180 | 4,298 | 26,784 | 44,583 | 66,054 | 9,534 | 7,059 | 931 | 893 | |
454/9 |
18,690 | 25,957 | 18,533 | 6,771 | 4,555 | - | - | 0 | - | |
47/48 |
- | 0 | 30,000 | 0 | 111 | 111 | 100 | 0 | 18,000 | |
492/3 |
433 | 399 | - | - | - | - | - | 0 | - | |
| Income statement | ||||||||||
76A |
- | - | - | - | - | - | - | 0 | - | |
9900 |
243,331 | 186,422 | 149,286 | 50,399 | 155,694 | 11,472 | 15,764 | 6,784 | 21,972 | |
62 |
172,419 | 173,593 | 110,685 | 44,606 | 16,347 | - | - | 0 | - | |
630 |
3,444 | 2,859 | 2,492 | 1,132 | 1,008 | 2,544 | 2,544 | 2,544 | 1,361 | |
631/4 |
- | - | - | - | - | - | - | 0 | - | |
635/8 |
- | - | - | - | - | - | - | 0 | - | |
640/8 |
3,097 | 2,390 | 777 | 263 | 707 | 448 | 98 | 96 | - | |
649 |
- | - | - | - | - | - | - | 0 | - | |
66A |
- | - | - | - | - | - | - | 0 | - | |
9901 |
64,372 | 7,579 | 35,332 | 4,398 | 137,632 | 8,480 | 13,121 | 4,144 | 20,611 | |
75/76B |
1 | 1 | 26 | - | 0 | 0 | 15 | 6 | 10 | |
75 |
1 | 1 | 26 | - | 0 | 0 | 15 | 6 | 10 | |
76B |
- | - | - | - | - | - | - | 0 | - | |
65/66B |
877 | 500 | 525 | 355 | 197 | 225 | 60 | 64 | 54 | |
65 |
877 | 500 | 525 | 355 | 197 | 225 | 60 | 64 | 54 | |
66B |
- | - | - | - | - | - | - | 0 | - | |
9903 |
63,496 | 7,080 | 34,833 | 4,044 | 137,435 | 8,256 | 13,076 | 4,085 | 20,567 | |
67/77 |
21,150 | 4,061 | 3,755 | 2,737 | 37,432 | 2,311 | 4,010 | 931 | 893 | |
9904 |
42,345 | 3,018 | 31,078 | 1,306 | 100,003 | 5,945 | 9,066 | 3,153 | 19,674 | |
789 |
- | - | - | - | - | - | - | 0 | - | |
689 |
- | - | - | - | - | - | - | 0 | - | |
9905 |
42,345 | 3,018 | 31,078 | 1,306 | 100,003 | 5,945 | 9,066 | 3,153 | 19,674 | |
| Appropriation of the result | ||||||||||
9906 |
42,345 | 3,018 | 31,078 | 1,306 | 100,003 | 5,945 | 9,066 | 3,153 | 19,674 | |
791/2 |
- | - | - | 0 | 18,854 | - | - | 0 | - | |
691/2 |
42,345 | 3,018 | 1,078 | 1,306 | 100,002 | 5,945 | 9,066 | 3,153 | 1,674 | |
691 |
- | - | - | - | - | - | - | 0 | - | |
6920 |
- | - | - | - | - | - | - | 0 | 984 | |
6921 |
42,345 | 3,018 | 1,078 | 1,306 | 100,002 | 5,945 | 9,066 | 3,153 | 690 | |
694/7 |
- | 0 | 30,000 | 0 | 18,855 | - | - | 0 | 18,000 | |
694 |
- | - | - | 0 | 18,855 | - | - | 0 | - | |
695 |
- | 0 | 30,000 | - | - | - | - | 0 | 18,000 | |
696 |
- | - | - | - | - | - | - | 0 | - | |
| Social balance sheet | ||||||||||
9087 |
3 | 3 | 2.4 | - | - | - | - | - | - | |
Hours worked1013 |
5,220 | 5,324 | 3,096 | - | - | - | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-07-2026 | 2026-00270610 | |
| 31-12-2024 | micro format | 12-08-2025 | 2025-00370989 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00222942 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00368643 | |
| 31-12-2021 | micro format | 05-08-2022 | 2022-20271806 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58300179 | |
| 31-12-2019 | micro format | 15-07-2020 | 2020-29800380 | |
| 31-12-2018 | micro format | 26-08-2019 | 2019-49800310 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-40200274 |
Subsidies and aid
Flemish government 2023, 1 entry, €7,500 awarded, €7,500 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 67,815 | 10,439 | 37,824 | 5,530 | 138,640 | 11,025 | 15,666 | 6,688 | 21,972 | ||
| 45,789 | 5,878 | 33,570 | 2,438 | 101,011 | 8,490 | 11,610 | 5,698 | 21,035 | ||
| 0 | 2,900 | 3,803 | 3,226 | 2,812 | -4,500 | 9,300 | 5,872 | 2,936 | ||
| -70,101 | 64,811 | 19,241 | -82,024 | 124,944 | 3,577 | -19,835 | 24,185 | - | ||
| 148,173 | 102,351 | 98,973 | 99,207 | 99,994 | 20,651 | 7,661 | 5,351 | 5,525 | ||
| 56.9% | 41.7% | 45.9% | 50.5% | 39.2% | 24.0% | 35.4% | 10.9% | 11.3% | ||
| 2.27 | 1.65 | 1.77 | 1.93 | 1.60 | 1.25 | 1.21 | 1.06 | 1.09 | ||
| 0.76 | 1.40 | 1.18 | 0.98 | 1.55 | 3.16 | 1.83 | 8.20 | 7.87 | ||
| 27.3% | 2.7% | 28.4% | 1.2% | 93.3% | 22.8% | 45.1% | 28.6% | 249.9% | ||
| 15.5% | 1.1% | 13.0% | 0.6% | 36.6% | 5.5% | 16.0% | 3.1% | 28.2% | ||
| 77.33 | 20.86 | 72.09 | 15.60 | over 100 | - | - | - | - |
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.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 |
| full-time | 3 | 3 | 3 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 3 | 3 | 3 |
| 3 | 3 | 2.4 | |
| On a permanent contract | 3 | 3 | 3 |
| Joined | - | - | 2 |
| Left | - | - | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €2,900 | €3,803 | €3,226 | €2,812 |
| Financial fixed assets | €0 | - | - | - | - |
| €3,444 | €2,859 | €2,492 | €1,132 | €1,008 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CODEER
The operating result for 2025 is 8.5 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 58.3% to 43.1%. Equity is higher and debt is lower.