Debts
€91,941 82% of the balance sheet
Financial debts 64%Suppliers 12%Taxes and wages 6%Other 18%
Of this, €32,694 falls due within a year.
Codeer-IT
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €51,018 (2024)
€50,418▼ 1.2%
lowest -€13,724 (2006)
€10,768▼ 9.4%
peak €19,777 (2025)
€19,777▲ 120%
€91,941▼ 20.6%
Board2 names since 2021
1 directorVERMEIRE,Frederik
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Registered office moved from Torhout to Koekelare 19-12Equity from €9,009 to €19,777Debts from €115,819 to €91,941
Key points
from the 2025 annual accountsChecked score
69
Healthy
Financially stronger than 45% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.7%▲ +0.5 percentage points vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026highest value
08-2026: 0.7%● unchanged vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Liquidity: current ratio 1.46, cash €1,741
lowers risk
Sector: Computer programming, consultancy and related activities (NACE 62)
Figures for financial year 2025 (filed on 06-07-2026)
Calculation
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 62, micro). It does better than 21% of them on solvency, 16% on liquidity, 50% on profitability and 91% 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 low class on 30-06-2025, 0.8% 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).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as Codeer-IT has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Codeer-IT itself: 0.7% within 12 months.
Test of the method
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 3,818 companies, not a prediction for Codeer-IT. 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.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.46 (0.82 in 2024), below the usual 1.5. Short-term debt is 29.3% and cash 1.6% of total assets. 82.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 21206 sector peers (2025).
NBB · sector comparisonPosition among 21206 sector peers
Solvency
better than 19%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
25 days early
2024
8 days early
2023
43 days early
2022
42 days early
2021
41 days early
2020
37 days early
2019
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% 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 20 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Torhout to Koekelare
New registered office: Steenstraat 2, 8680 Koekelare · Previous registered office: Rijselstraat 130, 8820 Torhout · Board meeting of 15-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0870894011
Company renamed from Degroote-Gallez to Codeer-IT
Resignation: Degroote Franky (manager) · Appointment: VERMEIRE, Frederik (director) · “Het ontwikkelen van software; Verhuur en verkoop van software,al dan niet zelf ontwikkeld; Netwerkbeheer…” (deed in Dutch) · General meeting of 23-08-2022 · Gazette deed
First establishment
Steenstraat 2, Koekelare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codeer-IT Koekelare | €111,719 | €50,418 | 17.7% | - |
| AUTOMATICALS CONSULTING Ostend | €141,568 | €52,556 | 87.7% | - |
| Angels IT Services Machelen (Brab.) | €94,997 | €45,245 | 15.3% | - |
| MDF SERVICES Auderghem | €98,748 | €42,317 | 49.7% | - |
| TELECTROSERVICE Lichtervelde | €80,697 | €43,601 | 62.0% | - |
| SYHARO Wingene | €165,946 | €45,059 | 65.8% | - |
| MINM SOLUTIONS Kortemark | €176,432 | €54,003 | 54.2% | - |
These companies have the same main activity as Codeer-IT: other information technology and computer services (NACE 62900). They are comparable in size and age: total assets between €80,700 and €176,000, founded between 2002 and 2006.
Official details
Source: KBO- Status
- Active since 29-12-2004Normal situation
- Activity
- Other information technology and computer servicesNACE 62900and 3 others
- Establishment unit
- 2.144.674.4538680 Koekelare, since 01-01-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 31-08-2023
Annual accounts 2025
- €111,719▼ 10.5%
- Filing
- Filed on 06-07-2026, 25 days before the end of the filing period
Insights on Codeer-IT
Codeer-IT files the micro format. That format states no turnover. The gross margin rose from -€6,273 in 2006 to €50,418 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Codeer-IT
- What is the company number of Codeer-IT?
- The company number of Codeer-IT is 0870.894.011. The VAT number is the same number with BE in front: BE 0870.894.011.
- Where is Codeer-IT based?
- The registered office is at Steenstraat 2, 8680 Koekelare.Company details
- What does Codeer-IT do?
- According to the KBO register, the main activity is other information technology and computer services (NACE 62900).
- What is the legal form of Codeer-IT?
- Codeer-IT is a private limited company (BV).
- When was Codeer-IT founded?
- Codeer-IT was founded on 29-12-2004.
- Is Codeer-IT still active?
- Yes, Codeer-IT is an active enterprise in the KBO register.
- What is the turnover of Codeer-IT?
- The turnover of Codeer-IT was €200,422 in financial year 2025, according to the filed annual accounts.Financials
- Is Codeer-IT profitable?
- In financial year 2025, Codeer-IT made a profit of €10,768.
- Where can I find the annual accounts of Codeer-IT?
- Codeer-IT filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Codeer-IT due?
- Codeer-IT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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