CODEGE
ActiveSummary
The computed 12-month bankruptcy probability of CODEGE is 2.2% (moderate). The 2024 annual accounts show equity of €202k and a net result of €98k. Equity is growing by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 517 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-6
Solvency39▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.38 against 0.58 in 2023; short-term debt: 18.9% and cash: 3.2% of total assets), and 86.2% of the assets are financed with debt.
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Signals
Five 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
30 d late
2022
31 d late
2021
22 d late
2020
25 d late
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, full schema
In the rankings
#10 company by total assets in Saint-Ghislain, Administrative and support services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€98k▼ 31.2%
2023 · €143k
Working capital
€-172k▼ 49.2%
2023 · €-115k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€78k▲ 112%€110k▲ 41.6%€145k▲ 31.2%€217k▲ 50.0%€162k▼ 25.4%
Net result€39k▲ 637%€64k▲ 65.4%€86k▲ 33.9%€143k▲ 66.6%€98k▼ 31.2%
Equity€185k▲ 26.6%€207k▲ 12.0%€154k▼ 25.7%€204k▲ 32.6%€202k▼ 0.8%
Total assets€1.15M▲ 17.1%€1.26M▲ 9.8%€1.32M▲ 5.1%€1.26M▼ 4.3%€1.46M▲ 15.5%
Debt€960k▲ 15.5%€1.05M▲ 9.3%€1.17M▲ 11.2%€1.06M▼ 9.1%€1.26M▲ 18.6%
Working capital€-25k▲ 50.9%€-38k▼ 49.0%€-128k▼ 240%€-115k▲ 10.5%€-172k▼ 49.2%
Staff (FTE)0.5=0.2▼ 60.0%0.5▲ 150%0.6▲ 20.0%0.3▼ 50.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.46M
Fixed assets
€1.36M ▲ 22.6%
Current assets
€104k ▼ 34.3%
Equity and liabilities €1.46M
Equity
€202k ▼ 0.8%
Debt
€1.26M ▲ 18.6%
Debt's share of the balance-sheet total rises from 83.9% to 86.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€292k▼
2023 · €296k
Cash flow
€229k▲
2023 · €222k
Current ratio
0.38▼
2023 · 0.58
Debt to equity
6.23▲
2023 · 5.21
ROE
48.7%▼
2023 · 70.2%
ROA
6.7%▼
2023 · 11.3%
Interest coverage
10.57=
2023 · 10.57
Debt ≤ 1 year
€276k▲
2023 · €273k
Debt > 1 year
€970k▲
2023 · €779k
Income taxes
€41k▼
2023 · €51k
Staff costs
€14k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €139 | €926 | - | - |
| Remuneration, social security and pensions62 | - | €19k | €22k | €25k | €14k | ▼ 44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80k | €101k | €76k | €79k | €130k | ▲ 64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €245 | - | - | - |
| Other operating charges640/8 | - | €14k | €16k | €15k | €16k | ▲ 3.6% |
| Non-recurring operating charges66A | - | €15 | €253 | €115 | €118 | ▲ 3.1% |
| Gross operating margin9900 | €187k | €243k | €259k | €336k | €322k | ▼ 4.2% |
| Operating profit (loss)9901 | €78k | €110k | €145k | €217k | €162k | ▼ 25.4% |
| Financial income75/76B | - | €2k | €3k | €5k | €5k | ▲ 11.6% |
| Recurring financial income75 | €9 | €2k | €3k | €5k | €2k | ▼ 52.2% |
| Non-recurring financial income76B | - | - | - | - | €3k | - |
| Financial charges65/66B | - | €34k | €31k | €28k | €28k | ▼ 1.3% |
| Recurring financial charges65 | €32k | €34k | €31k | €28k | €28k | ▼ 1.3% |
| Profit (loss) for the period before taxes9903 | €45k | €78k | €117k | €194k | €139k | ▼ 28.0% |
| Income taxes67/77 | €6k | €14k | €31k | €51k | €41k | ▼ 19.0% |
| Profit (loss) for the period9904 | €39k | €64k | €86k | €143k | €98k | ▼ 31.2% |
| Profit (loss) for the period to be appropriated9905 | €39k | €64k | €86k | €143k | €98k | ▼ 31.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.15M | €1.26M | €1.32M | €1.26M | €1.46M | ▲ 15.5% |
| Fixed assets21/28 | €1.05M | €1.16M | €1.13M | €1.11M | €1.36M | ▲ 22.6% |
| Intangible fixed assets21 | - | - | - | - | €5k | - |
| Tangible fixed assets22/27 | €1.05M | €1.16M | €1.13M | €1.11M | €1.35M | ▲ 22.2% |
| Land and buildings22 | - | €1.02M | €976k | €930k | €1.14M | ▲ 22.9% |
| Plant, machinery and equipment23 | - | €136k | €117k | €109k | €109k | ▼ 0.7% |
| Furniture and vehicles24 | - | €4k | €37k | €66k | €99k | ▲ 49.5% |
| Financial fixed assets28 | €2k | €534 | €534 | €534 | €534 | = |
| Current assets29/58 | €94k | €93k | €190k | €158k | €104k | ▼ 34.3% |
| Amounts receivable after more than one year29 | - | - | €60k | €60k | €51k | ▼ 14.2% |
| Other amounts receivable291 | - | - | €60k | €60k | €51k | ▼ 14.2% |
| Amounts receivable within one year40/41 | €33k | €57k | €69k | €5k | €1k | ▼ 72.8% |
| Trade receivables40 | - | €18k | €92 | - | €231 | - |
| Other amounts receivable41 | - | €39k | €69k | €5k | €1k | ▼ 77.0% |
| Cash at bank and in hand54/58 | €61k | €36k | €59k | €90k | €47k | ▼ 48.2% |
| Deferred charges and accrued income490/1 | - | €288 | €2k | €3k | €4k | ▲ 65.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.15M | €1.26M | €1.32M | €1.26M | €1.46M | ▲ 15.5% |
| Equity10/15 | €185k | €207k | €154k | €204k | €202k | ▼ 0.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Reserves13 | €42k | €42k | €42k | €92k | €182k | ▲ 99.3% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €40k | €42k | €92k | €182k | ▲ 99.3% |
| Profit (loss) carried forward14 | €124k | €147k | €93k | €93k | €889 | ▼ 99.0% |
| Amounts payable17/49 | €960k | €1.05M | €1.17M | €1.06M | €1.26M | ▲ 18.6% |
| Amounts payable after more than one year17 | €830k | €903k | €840k | €779k | €970k | ▲ 24.5% |
| Financial debts170/4 | - | €903k | €840k | €779k | €970k | ▲ 24.5% |
| Amounts payable within one year42/48 | €119k | €131k | €319k | €273k | €276k | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €88k | €106k | €96k | €115k | ▲ 19.7% |
| Trade debts44 | €4k | €5k | €8k | €1k | €5k | ▲ 310% |
| Suppliers440/4 | - | €5k | €8k | €1k | €5k | ▲ 310% |
| Taxes, remuneration and social security45 | - | €5k | €20k | €39k | €10k | ▼ 73.6% |
| Taxes450/3 | - | €5k | €17k | €35k | €8k | ▼ 75.9% |
| Remuneration and social security454/9 | - | - | €3k | €4k | €2k | ▼ 56.3% |
| Other amounts payable47/48 | - | €33k | €184k | €137k | €145k | ▲ 6.0% |
| Accrued charges and deferred income492/3 | - | €16k | €9k | €9k | €13k | ▲ 45.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €64k | €86k | €143k | €98k | ▼ 31.2% |
| + Depreciation and write-downs630 | €80k | €101k | €76k | €79k | €130k | ▲ 64.8% |
| Operating cash flow (approximation) | €119k | €165k | €162k | €222k | €229k | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | €-213k | €-43k | €-54k | €-380k | ▼ 602% |
| Change in cash | - | €-25k | €23k | €31k | €-44k | ▼ 239% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €143k ▲66.6%
Operating result €217k, net result €143k, both a record.
31-12
Financial
Equity above €200kEq €204k ▲32.6%
6 profitable years in a row build equity to €204k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 22 days late
2021
31-12
Financial
Equity above €200kEq €207k ▲12%
4 profitable years in a row build equity to €207k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Equity above €150kEq €185k ▲26.6%
3 profitable years in a row build equity to €185k.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Weakest financial yearnet €5k ▼86.4%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Show earlier events
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Saint-Ghislain · 7 establishment units since 2010
Ground area
4,675 m²
Building footprint
888 m²
Volume, LiDAR
5,986 m³
8 parcels, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
7 establishment units
Chaussée du Roeulx 103, 7000 Mons
since 20102.188.038.995
Centre Odyssée
since 20122.288.897.617
Centre Odyssée
since 20162.288.897.419
Centre Odyssée
since 20192.288.897.320
Centre Odyssée
since 20232.340.915.549
Centre Odyssée
since 20232.340.915.648
Show 1 more locations
Centre Odyssé
since 20252.373.239.315
8 parcels
Wallonia
8
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53073A0233/00Y000 | Wallonia | 2,032 m² | 1 · 138 m² | 8.4 m · 2 fl. |
| 51004C0113/00K000 | Wallonia | 1,062 m² | 1 · 105 m² | - |
| 53065A0736/00X002 | Wallonia | 618 m² | 1 · 165 m² | 10.0 m · 2 fl. |
| 53404B0617/00K003 | Wallonia | 387 m² | 1 · 96 m² | 11.7 m · 3 fl. |
| 55302C0167/00N009 | Wallonia | 188 m² | 1 · 85 m² | - |
| 53046E0028/00F000 | Wallonia | 167 m² | 1 · 133 m² | 13.4 m · 4 fl. |
| 55402F0025/00A000 | Wallonia | 113 m² | 1 · 55 m² | 14.0 m · 3 fl. |
| 55372D0046/00S005 | Wallonia | 110 m² | 1 · 110 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
8 of 8 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 142 companies in sector 77225 we hold annual accounts for 79. 64 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
Founded27-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
77225Rental and leasing activities
82100Office administrative and support services
82990Other business support services
86931Psychology services
Contact
Website
www.centre-odyssee.be
E-mail
info@centre-odyssee.be
E-mail
colmantjerome@hotmail.comAth
Phone
+32493718189Ath
Scores and ratios are computed by Checked and are not a credit decision.