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CODEFCO

Active
Private limited companyfounded 200026 yrs activeBosstraat 3, 2960 Brecht, BelgiumKBO/BCE: BE 0472.070.690
Summary

CODEFCO has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €446,662 and a net result of €103,487. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 86% of 78 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
CODEFCOActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of basic metals
NACE 24100NACE 27100Manufacture of furniture NACE 31009
1 site
Size
€546,912total assets 2025
Staff
2.7 FTE
Equity
€446,662
Profit
€103,487
Turnover not published (abridged schema)
Financial health
96 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
HOLDING TIAN · 60%
Accounts 29 d early0 of 2 deeds read
Why 96- Sector Manufacture of basic metals (NACE 24)+ Equity €446,662 (81.7% of total assets)+ Liquidity: current ratio 5.41, cash €90,667+ Founded in 2000Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Better than 69% of its sector peers (NACE 24, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 81.7% of total assets
Liquidity 66-7
short-term debt 18.2% · cash 16.6%
Profitability 92-8
return on assets 18.9%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (200 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▼ -1.4% vs 11-2024 01-2025: 0.3%▼ -5.3% vs 12-2024 02-2025: 0.3%▲ +3.4% vs 01-2025 03-2025: 0.3%▲ +0.3% vs 02-2025 04-2025: 0.4%▲ +25.6% vs 03-2025highest value 05-2025: 0.1%▼ -77.0% vs 04-2025 06-2025: 0.1%● 0.0% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%▼ -3.1% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▲ +11.7% vs 12-2025 02-2026: 0.1%▼ -3.8% vs 01-2026 03-2026: 0.1%▼ -2.0% vs 02-2026 04-2026: 0.1%▲ +23.2% vs 03-2026 05-2026: 0.1%▼ -41.0% vs 04-2026 06-2026: 0.1%● 0.0% vs 05-2026 07-2026: 0.1%● 0.0% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%▼ -2.8% vs 09-2026lowest value
  • Equity €446,662 (81.7% of total assets) lowers the probability
  • Liquidity: current ratio 5.41, cash €90,667 lowers the probability
  • Founded in 2000 lowers the probability for this profile
  • Sector Manufacture of basic metals (NACE 24) raises the probability
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 5.41 against 8.75 in 2024; short-term debt: 18.2% and cash: 16.6% of total assets), and 18.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 24, micro). Better than this share of them on solvency 89%, liquidity 69%, profitability 86%, growth against the median 30%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Equity €446,662 (81.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 5.41, cash €90,667
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2000
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Manufacture of basic metals (NACE 24)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
29 d early
2024
13 d early
2023
30 d early
2022
2 d early
2021
31 d late
2020
on the day
2019
62 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 15 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 29% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 17 April (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 close06-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Weakest financial yearnet €103,487 ▼36.3%
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Key points

  • Positive: Among the best 14% on solvencysector median 49.3% · 78 companies 81.7% View
  • Controlled by HOLDING TIAN 60% View
  • Caution: Result fell in 2025from €162,500 to €103,487 ▼ 36.3% View
  • Positive: 7 profitable years in a rowprofit 2025: €103,487 7 years View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€546,912
Profit
€103,487
Solvency
81.7%
Go to Financials

Timeline

Events
14
Since
2017
Next accounts
by 30-04-2027
  1. 01-04-2026Annual accounts filed
  2. 30-09-2025Weakest financial year
  3. 17-04-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of basic metalsNACE 24100
Founded
08-06-2000
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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