CODEFAB
ActiveSummary
The computed 12-month bankruptcy probability of CODEFAB is 1.5% (moderate). The annual accounts of CODEFAB for fiscal year 2025 show a net loss of 93% of total assets. The 2025 annual accounts show equity of €2k and a net result of €-10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 7500 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-74
Solvency42▲+35
Growth55▼-4
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.12 against 0.17 in 2024; short-term debt: 82.7% and cash: 8.5% of total assets), and 82.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.3%
Return on assets
-93.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 24%
← 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 05-07-2026, 26 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
26 d early
2024
31 d early
2023
77 d early
2022
60 d early
2021
3 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€6k▲ 85.1%
2023 · €4k
2018: €4k
2019: €6k▲ +50.0% vs 2018
2020: €15k▲ +150% vs 2019
2021: €16k▲ +6.7% vs 2020highest value
2023: €4klowest value
2024: €6k▲ +85.1% vs 2023
2018 → 2024
EBIT margin
-3.2%▲ 145.3pp
2023 · -148.5%
2018: -89.2%
2019: 9.2%▲ +110% vs 2018
2020: 68.7%▲ +646% vs 2019highest value
2021: 28.4%▼ -58.7% vs 2020
2023: -148.5%lowest value
2024: -3.2%▲ +97.8% vs 2023
2018 → 2024
Net result
€-10k▼ 1,375%
2024 · €-684
2018: €-4k
2019: €477▲ +113% vs 2018
2020: €10k▲ +1940% vs 2019highest in 8 years
2021: €3k▼ -74.0% vs 2020
2022: €-11k▼ -534% vs 2021lowest in 8 years
2023: €-5k▲ +50.3% vs 2022
2024: €-684▲ +87.5% vs 2023
2025: €-10k▼ -1375% vs 2024
2018 → 2025
Working capital
€-8k▲ 52.4%
2024 · €-16k
2018: €568
2019: €1k▲ +90.8% vs 2018
2020: €-2k▼ -254% vs 2019
2021: €4k▲ +313% vs 2020highest in 8 years
2022: €-5k▼ -227% vs 2021
2023: €-7k▼ -57.7% vs 2022
2024: €-16k▼ -131% vs 2023lowest in 8 years
2025: €-8k▲ +52.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€16k-€4k€6k▲ 85.1%
2021: €16khighest value
2023: €4klowest value
2024: €6k▲ +85.1% vs 2023
Equity€14k-€3k▼ 78.0%€-2k€-3k▼ 28.9%€2k
2021: €14khighest in 5 years
2022: €3k▼ -78.0% vs 2021
2023: €-2k▼ -177% vs 2022
2024: €-3k▼ -28.9% vs 2023lowest in 5 years
2025: €2k▲ +161% vs 2024
Operating result€5k-€-11k€-5k▲ 51.5%€-210▲ 96.0%€-10k▼ 4,569%
2021: €5khighest in 5 years
2022: €-11k▼ -336% vs 2021lowest in 5 years
2023: €-5k▲ +51.5% vs 2022
2024: €-210▲ +96.0% vs 2023
2025: €-10k▼ -4569% vs 2024
Net result€3k-€-11k€-5k▲ 50.3%€-684▲ 87.5%€-10k▼ 1,375%
2021: €3khighest in 5 years
2022: €-11k▼ -534% vs 2021lowest in 5 years
2023: €-5k▲ +50.3% vs 2022
2024: €-684▲ +87.5% vs 2023
2025: €-10k▼ -1375% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €210 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11k
Fixed assets
€10k ▼ 27.7%
Current assets
€1k ▼ 67.3%
Equity and liabilities €11k
Equity
€2k
Debt
€9k
Debt finances 82.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€-6k▼
2024 · €1k
Cash flow
€-6k▼
2024 · €748
Current ratio
0.12▼
2024 · 0.17
Debt to equity
4.78▲
2024 · -6.49
ROE
-540.4%
ROA
-93.5%▼
2024 · -4.1%
Interest coverage
-48.94▼
2024 · 9.80
Debt ≤ 1 year
€9k▼
2024 · €20k
Income taxes
€141▼
2024 · €349
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€17k€11k▼
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€13k€10k▼
Furniture and vehicles24€13k€10k▼
Current assets29/58€3k€1k▼
Amounts receivable within one year40/41€3k€168▼
Other amounts receivable41€3k€168▼
Cash at bank and in hand54/58€139€916▲
Equity and liabilities
Total equity and liabilities10/49€17k€11k▼
Equity10/15€-3k€2k▲
Contributions10/11€12k€12k=
Reserves13€24€24=
Non-distributable reserves130/1€24€24=
Reserves not available under the articles1311€24€24=
Profit (loss) carried forward14€-15k€-11k▲
Amounts payable17/49€20k€9k▼
Amounts payable within one year42/48€20k€9k▼
Trade debts44€579€376▼
Suppliers440/4€579€376▼
Taxes, remuneration and social security45€480€490▲
Taxes450/3€480€490▲
Other amounts payable47/48€19k€8k▼
Income statement
Code20242025
Turnover70€6k-
Goods, raw materials, services and sundry goods60/61€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8€346€301▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€4k€-6k▼
Operating profit (loss)9901€-210€-10k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€125€125=
Recurring financial charges65€125€125=
Profit (loss) for the period before taxes9903€-335€-10k▼
Income taxes67/77€349€141▼
Profit (loss) for the period9904€-684€-10k▼
Profit (loss) for the period to be appropriated9905€-684€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-26k▼
Profit (loss) brought forward from the previous period14P€-15k€-15k▼
Shareholders' contribution to the loss794-€15k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16k | - | €4k | €6k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €10k | €9k | €7k | €6k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €1k | €4k | ▲ 160% |
| Other operating charges640/8 | - | €116 | - | €346 | €301 | ▼ 13.1% |
| Non-recurring operating charges66A | - | - | - | €2k | - | - |
| Gross operating margin9900 | €8k | €-8k | €-2k | €4k | €-6k | ▼ 253% |
| Operating profit (loss)9901 | €5k | €-11k | €-5k | €-210 | €-10k | ▼ 4,569% |
| Financial income75/76B | €2 | - | €1 | - | €1 | - |
| Recurring financial income75 | €2 | - | €1 | - | €1 | - |
| Financial charges65/66B | €124 | €140 | €125 | €125 | €125 | = |
| Recurring financial charges65 | €124 | €140 | €125 | €125 | €125 | = |
| Profit (loss) for the period before taxes9903 | €4k | €-11k | €-5k | €-335 | €-10k | ▼ 2,870% |
| Income taxes67/77 | €2k | €120 | €132 | €349 | €141 | ▼ 59.6% |
| Profit (loss) for the period9904 | €3k | €-11k | €-5k | €-684 | €-10k | ▼ 1,375% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-11k | €-5k | €-684 | €-10k | ▼ 1,375% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18k | €11k | €8k | €17k | €11k | ▼ 35.6% |
| Fixed assets21/28 | €11k | €8k | €5k | €13k | €10k | ▼ 27.7% |
| Tangible fixed assets22/27 | €11k | €8k | €5k | €13k | €10k | ▼ 27.7% |
| Plant, machinery and equipment23 | €56 | - | - | - | - | - |
| Furniture and vehicles24 | €10k | €8k | €5k | €13k | €10k | ▼ 27.7% |
| Current assets29/58 | €7k | €4k | €3k | €3k | €1k | ▼ 67.3% |
| Amounts receivable within one year40/41 | €7k | €2k | €3k | €3k | €168 | ▼ 94.7% |
| Trade receivables40 | €5k | - | - | - | - | - |
| Other amounts receivable41 | €2k | €2k | €3k | €3k | €168 | ▼ 94.7% |
| Cash at bank and in hand54/58 | €488 | €831 | €130 | €139 | €916 | ▲ 561% |
| Deferred charges and accrued income490/1 | - | €262 | €15 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18k | €11k | €8k | €17k | €11k | ▼ 35.6% |
| Equity10/15 | €14k | €3k | €-2k | €-3k | €2k | ▲ 161% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €24 | €24 | €24 | €24 | €24 | = |
| Non-distributable reserves130/1 | €24 | €24 | €24 | €24 | €24 | = |
| Reserves not available under the articles1311 | €24 | €24 | €24 | €24 | €24 | = |
| Profit (loss) carried forward14 | €2k | €-9k | €-15k | €-15k | €-11k | ▲ 31.8% |
| Amounts payable17/49 | €4k | €8k | €10k | €20k | €9k | ▼ 54.9% |
| Amounts payable within one year42/48 | €4k | €8k | €10k | €20k | €9k | ▼ 54.9% |
| Trade debts44 | €856 | €2k | €571 | €579 | €376 | ▼ 35.1% |
| Suppliers440/4 | €856 | €2k | €571 | €579 | €376 | ▼ 35.1% |
| Taxes, remuneration and social security45 | €2k | €2k | €132 | €480 | €490 | ▲ 2.0% |
| Taxes450/3 | €2k | €2k | €132 | €480 | €490 | ▲ 2.0% |
| Other amounts payable47/48 | €1k | €4k | €10k | €19k | €8k | ▼ 57.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-11k | €-5k | €-684 | €-10k | ▼ 1,375% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €1k | €4k | ▲ 160% |
| Operating cash flow (approximation) | €6k | €-8k | €-3k | €748 | €-6k | ▼ 951% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-10k | €0 | ▲ 100% |
| Change in cash | - | €343 | €-701 | €8 | €778 | ▲ 9,201% |
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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.94
Current ratio from 0.48 to 1.94.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €10k ▲1,940%
Operating result €10k, net result €10k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €477
Net result €477 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Quévy · 1 establishment unit since 2015
Ground area
2,048 m²
Building footprint
193 m²
Volume, LiDAR
1,016 m³
2 parcels, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CODEFAB
since 20152.244.232.778
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53006B0520/00H003 | Wallonia | 1,616 m² | 1 · 193 m² | 7.0 m · 2 fl. |
| 92021F0105/00A000 | Wallonia | 432 m² | - | - |
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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 3,175 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 (pre-2019)
Founded09-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.