CODEFO
ActiveCODEFO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €816k and a net result of €126k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 87% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+5
Solvency100▲+24
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 4.55 against 1.06 in 2024; short-term debt: 5.5% and cash: 12.2% of total assets), and 11.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.8%
Return on assets
13.7%
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
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
14 d early
2023
47 d early
2022
18 d early
2021
25 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€816k▲ 18.2%
2024 · €690k
2018: €632k
2019: €720k
2020: €831k
2021: €927k
2022: €1.04M
2023: €1.11M
2024: €690k
2018 → 2025
Total assets
€919k▼ 32.8%
2024 · €1.37M
2018: €805k
2019: €884k
2020: €1.04M
2021: €1.06M
2022: €1.16M
2023: €1.23M
2024: €1.37M
2018 → 2025
Net result
€126k▼ 9.2%
2024 · €139k
2018: €89k
2019: €88k
2020: €111k
2021: €96k
2022: €112k
2023: €76k
2024: €139k
2018 → 2025
Working capital
€178k▲ 364%
2024 · €38k
2018: €438k
2019: €522k
2020: €570k
2021: €673k
2022: €791k
2023: €449k
2024: €38k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€927k-€1.04M▲ 12.1%€1.11M▲ 7.3%€690k▼ 38.1%€816k▲ 18.2%
Operating result€137k-€161k▲ 17.3%€103k▼ 35.6%€184k▲ 77.7%€172k▼ 6.6%
Net result€96k-€112k▲ 16.9%€76k▼ 32.6%€139k▲ 83.2%€126k▼ 9.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €919k
Fixed assets
€691k▼ 4.2%
Current assets
€228k▼ 64.6%
Equity and liabilities €919k
Equity
€816k▲ 18.2%
Debt
€103k▼ 84.8%
The debt ratio falls from 49.5% to 11.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€202k▼
2024 · €215k
Cash flow
€156k▼
2024 · €170k
Solvency
88.8%▲
2024 · 50.5%
Current ratio
4.55▲
2024 · 1.06
Quick ratio
4.55▲
2024 · 1.06
Debt / equity
0.13▼
2024 · 0.98
ROE
15.4%▼
2024 · 20.1%
ROA
13.7%▲
2024 · 10.1%
Interest coverage
135.46▲
2024 · 123.52
Debt
€103k▼
2024 · €677k
Debt ≤ 1 year
€50k▼
2024 · €608k
Debt > 1 year
€50k▼
2024 · €65k
Income taxes
€53k▼
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.37M€919k▼
Fixed assets21/28€721k€691k▼
Tangible fixed assets22/27€721k€690k▼
Land and buildings22€708k€689k▼
Furniture and vehicles24€12k€1k▼
Financial fixed assets28€25€25=
Current assets29/58€646k€228k▼
Amounts receivable within one year40/41€0€10k▲
Other amounts receivable41€0€10k▲
Current investments50/53€353k€103k▼
Cash at bank and in hand54/58€280k€112k▼
Deferred charges and accrued income490/1€13k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.37M€919k▼
Equity10/15€690k€816k▲
Contributions10/11€12k€12k=
Reserves13€678k€804k▲
Distributable reserves133€678k€804k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€677k€103k▼
Amounts payable after more than one year17€65k€50k▼
Financial debts170/4€65k€50k▼
Amounts payable within one year42/48€608k€50k▼
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€21k€22k▲
Taxes450/3€21k€22k▲
Other amounts payable47/48€568k€6k▼
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€200€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€30k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€4k€4k▲
Gross operating margin9900€219k€212k▼
Operating profit (loss)9901€184k€172k▼
Financial income75/76B€15k€8k▼
Recurring financial income75€15k€8k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€197k€178k▼
Income taxes67/77€58k€53k▼
Profit (loss) for the period9904€139k€126k▼
Profit (loss) for the period to be appropriated9905€139k€126k▼
Appropriation of the result
Profit (loss) to be appropriated9906€170k€126k▼
Profit (loss) brought forward from the previous period14P€31k€0▼
Transfer from equity791/2€531k€0▼
Transfer to equity691/2€139k€126k▼
To other reserves6921€139k€126k▼
Profit to be distributed694/7€563k€0▼
Return on contributions (dividend)694€563k€0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 4.55
Current ratio from 1.06 to 4.55; short-term debt falls from €608k to €50k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €139k ▲83.2%
Operating result €184k, net result €139k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €76k ▼32.6%
Net result drops to €76k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1MEq €1.04M ▲12.1%
5 profitable years in a row build equity to €1.04M.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 23.87
Current ratio from 7.71 to 23.87; short-term debt falls from €85k to €29k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Deinze · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Blekerij 729800 DeinzeGround area
1,326 m²
Building footprint
176 m²
Volume, LiDAR
1,029 m³
Parcel 44078A0563/00N000, Flanders · tallest building 16.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Codefo
since 20082.168.001.765
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44078A0563/00N000 | Flanders | 1,326 m² | 1 · 176 m² | 16.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
64880095OO85S1WA8232
Similar companies · same sector, comparable size
GREEN LEAVES
BE 0450.477.007
Sint-Pieters-Leeuw · Eq €816k
The Growth Squad
BE 0826.086.048
Sint-Martens-Latem · Eq €816k
MEZZANINE & PARTNERS
BE 0863.579.419
Antwerpen · Eq €816k
ETABLISSEMENTS MERCKX
BE 0442.559.827
Enghien · Eq €816k
AXLI
BE 0833.934.239
Herentals · Eq €817k
Of 82,569 companies in sector 70200 we hold annual accounts for 52,573. 30,008 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-2008
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:f.deforche.fd@pandora.be