Turnover
≈ €190,000 estimated
The micro format states no turnover.
CODEFIN
Overview
Lifetime
1 annual account with figurespeak €15,861 (2025)
€15,861
peak €12,650 (2025)
€12,650
peak €12,650 (2025)
€12,650
€11,181
Board1 name since 2025
1 directorFRANKEN Henri
Documentsfilings and deeds
13-07-202618 days before the deadline
2025micro format
Incorporation 11-031 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsChecked score
49
Fair
Financially stronger than 58% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,459 companies (NACE 41, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 3.7%lowest value
05-2026: 3.8%▲ +0.1 percentage points vs 04-2026
06-2026: 3.9%▲ +0.1 percentage points vs 05-2026
07-2026: 4.3%▲ +0.4 percentage points vs 06-2026highest value
08-2026: 3.9%▼ -0.4 percentage points vs 07-2026
09-2026: 4.0%▲ +0.1 percentage points vs 08-2026
10-2026: 4.2%▲ +0.2 percentage points vs 09-2026
11-2026: 4.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 2.13, cash €16
Size: total assets €23,831
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 41, micro). It does better than 61% of them on solvency, 22% on liquidity and 91% on profitability.
The bankruptcy probability was computed on 07-11-2026 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 elevated class on 30-06-2025, 6.3% 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, 11,279 companies had the same profile as CODEFIN has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of CODEFIN itself is higher: 4.2% within 12 months. It rests on far more data about CODEFIN than the profile alone.
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 11,279 companies, not a prediction for CODEFIN. 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 €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.13, above the usual 1.5. Short-term debt is 46.9% and cash 0.1% of total assets. 46.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
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 13-07-2026, 18 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
18 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1020801967
Incorporation
Founding capital of €1,000, 100 shares · Founder: FRANKEN Henri (comparant) · Appointment: FRANKEN Henri (director) · published on 11-03-2025 · Gazette deed
First establishment
Alsembergsesteenweg 897, Uccle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEFIN Uccle | €23,831 | €15,861 | 53.1% | - |
| Structure 8 Uccle | €20,856 | €13,927 | 52.8% | - |
| WIALI RENOVATION Brussels | €23,384 | €18,148 | 85.1% | - |
| NIL DECOR Schaerbeek | €22,358 | €20,098 | 93.7% | - |
| ADMV 25 Merchtem | €24,376 | €16,006 | 31.6% | - |
| TH-TS Verviers | €24,530 | €15,267 | 46.6% | - |
| SENTINEL TOITURE Drogenbos | €22,976 | €17,108 | 72.0% | - |
These companies have the same main activity as CODEFIN: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €20,900 and €24,500, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 07-03-2025Normal situation
- Registered office
- 358 active companies are registered at this address79 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- General construction of residential buildingsNACE 41001and 4 others
- Establishment unit
- 2.370.858.2611180 Uccle, since 07-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 06-08-2025
Annual accounts 2025
- €15,861
- €12,650
- €12,650
- €23,831
- Filing
- Filed on 13-07-2026, 18 days before the end of the filing period
Insights on CODEFIN
The computed 12-month bankruptcy probability of CODEFIN is 4.2% (elevated). The 2025 annual accounts show equity of €12,650 and a net result of €12,650.
Its solvency ranks better than 61% of 9,435 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 13-07-2026, 18 days before the deadline€15,861
€15,411
€12,650
€12,650
53.1%
2.13
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €99,000 and €340,000.
Balance sheet
balance sheet total €23,831 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
53.1%
Higher than 61% of 9,435 companies in 2025.
2.13
Higher than 61% of 9,183 companies in 2025.
53.1%
Higher than 95% of 9,255 companies in 2025.
CODEFIN
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
23,831 | |
29/58 |
23,831 | |
40/41 |
23,686 | |
40 |
470 | |
41 |
23,216 | |
54/58 |
16 | |
490/1 |
129 | |
| Balance sheet: equity and liabilities | ||
10/49 |
23,831 | |
10/15 |
12,650 | |
14 |
12,650 | |
17/49 |
11,181 | |
42/48 |
11,181 | |
44 |
1,089 | |
440/4 |
1,089 | |
46 |
6,207 | |
45 |
3,885 | |
454/9 |
3,885 | |
| Income statement | ||
9900 |
15,861 | |
640/8 |
450 | |
9901 |
15,411 | |
75/76B |
1,140 | |
75 |
1,140 | |
65/66B |
16 | |
65 |
16 | |
9903 |
16,535 | |
67/77 |
3,885 | |
9904 |
12,650 | |
9905 |
12,650 | |
| Appropriation of the result | ||
9906 |
12,650 | |
| Document | ||
Source: Annual accounts 2025 at the NBB, filed on 13-07-2026.
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 | 13-07-2026 | 2026-00293588 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 12,650 | ||
| 53.1% | ||
| 2.13 | ||
| 0.88 | ||
| 100.0% | ||
| 53.1% |
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.
Insights on CODEFIN
Debt's share of the balance-sheet total is 46.9%.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 11-03-2025
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Article 12. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”deed of 11-03-2025
Mandates through the years
1 name, the dashed line is todayFRANKEN Henri
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- FRANKEN Henri
- Director (not named in the articles), appointed by deed of 11-03-2025, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €127 in 2025
- Source
- deed of 11-03-2025
Articles of association
deed of 11-03-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 11-03-2025 ↗
- FRANKEN Henri 100 shares (100%) · €1,000 in cash
Network & group
No group
CODEFIN has no parent and no holdings in its annual accounts. FRANKEN Henri is the only director. CODEFIN shares no director with another company.
At the same address
Alsembergsesteenweg 897, 1180 Uccle · 357 other companies| MALT COMMUNITY BELGIUM
registered office since 19-10-2021 · founded in 2021 |
11 FTE (2025) 0775.912.007 |
| JM Construction
registered office since 05-11-1973 · founded in 1973 |
total assets €4.4m (2025) 0413.662.141 |
| Decofi Benelux
registered office since 31-12-2012 · founded in 2012 |
turnover €92,827 (2025) 0508.802.711 |
| FOR BRIGHT IDEAS
registered office since 07-07-2003 · founded in 2003 |
total assets €2.8m (2025) 0859.580.445 |
| One Seven
registered office since 08-06-2023 · founded in 2023 |
total assets €2.2m (2025) 0802.550.680 |
| BYJULIET
registered office since 26-12-2014 · founded in 2014 |
total assets €2.0m (2025) 0507.761.643 |
| DELTA BXL
registered office since 20-07-1990 · founded in 1990 · negative equity (2025) |
total assets €1.6m (2025) 0440.780.173 |
| STELAS
registered office since 17-12-1993 · founded in 1993 |
13 FTE (2024) 0451.735.829 |
| OLOV PETERSSON
registered office since 24-08-2012 · founded in 2012 |
total assets €1.2m (2025) 0848.213.431 |
| J.M.D.
registered office since 30-10-1985 · founded in 1985 |
turnover €153,531 (2025) 0427.946.182 |
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 18 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1020801967
IncorporationFounding capital of €1,000, 100 shares · Founder: FRANKEN Henri (comparant) · Appointment: FRANKEN Henri (director) · published on 11-03-20255 points ▸
- Founder, FRANKEN Henri (comparant)
- Founding capital, €1,000, 100 shares
- Registered office clause, Chaussée d'Alsemberg 897, 1180 Uccle
- Board rule, 1
- Director appointment, FRANKEN Henri (director (not named in the articles))
- The deed holds 7 more points.
First establishment Alsembergsesteenweg 897, Uccle
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1020.801.967
- VAT number
- BE 1020.801.967
- Peppol ID
- 0208:1020801967
- Other Peppol ID
- 9925:BE1020801967
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-03-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 11-03-2025 (in French)
- Peppol
- Reachable since 06-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODEFIN in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-03-2025 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 11-03-2025 (in French)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43331
Floor and wall tiling
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “La construction, la transformation, la réparation, l'achat, la vente, la location de tous immeubles; Toutes les entreprises de travaux…”deed of 11-03-2025 (in French)
4 activities
- La construction, la transformation, la réparation, l'achat, la vente, la location de tous immeubles
- Toutes les entreprises de travaux publics et privés dans le sens le plus large du mot et en général toutes opérations se rattachant directement ou indirectement à l'objet social, en ce compris la décoration intérieure et mobilière, travaux de peinture, tapissage, menuiserie, carrelages, faïence, électricité, plomberie
- La constitution et la valorisation d’un patrimoine immobilier
- Toutes opérations mobilières, immobilières ou financières se rattachant directement ou indirectement à son objet social, comprenant aussi la location de ses biens immobiliers et la possibilité de mettre un ou des bien(s) immobilier(s) à disposition d’un gérant de la société
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Alsembergsesteenweg 897 registered office 1180 Uccle 4100106 General construction of residential buildings | 07-03-2025 | 2.370.858.261 |
Buildings and parcels at the address
- Ground area
- 347 m²
- Buildings
- 329 m²
- Volume, LiDAR
- 3,129 m³
- Tallest building
- 17.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21616A0121/00Y002 | 347 m² | 1 · 329 m² | 17.1 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1020.801.967