CODEHA
ActiveSummary
CODEHA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €5k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2025
Profitability76▲+66
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
short-term debt: 0% and cash: 86.9% of total assets, and 0% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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
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
100%
Return on assets
5.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2025
28 d late
2024
89 d late
2023
455 d late
2022
16 d late
2021
84 d late
2020
151 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2025, micro schema
Equity
€82k▲ 5.9%
2025 · €77k
Total assets
€82k▲ 5.0%
2025 · €78k
Net result
€5k
2025 · €-5k
Working capital
€82k▲ 6.1%
2025 · €77k
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
Line20222023202420252025
Operating result€-24▲ 98.6%€-3k▼ 10,775%€-872▲ 66.6%€-5k▼ 525%€4k-
Net result€-47▲ 97.3%€-3k▼ 5,504%€-762▲ 71.1%€-5k▼ 592%€5k-
Equity€86k▼ 0.1%€83k▼ 3.1%€83k▼ 0.9%€77k▼ 6.4%€82k-
Total assets€89k▲ 1.3%€85k▼ 4.9%€84k▼ 1.3%€78k▼ 6.7%€82k-
Debt€3k▲ 67.7%€1k▼ 56.3%€1k▼ 22.6%€681▼ 33.6%€22-
Working capital€79k▲ 4.0%€80k▲ 2.3%€82k▲ 1.9%€77k▼ 5.8%€82k-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Assets €82k
Fixed assets
€88 ▼ 61.4%
Current assets
€82k ▲ 5.2%
Equity and liabilities €82k
Equity
€82k ▲ 5.9%
Debt
€22 ▼ 96.8%
Debt's share of the balance-sheet total falls from 0.9% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5k▲
2025 · €-5k
Cash flow
€5k▲
2025 · €-5k
Debt to equity
0.00▼
2025 · 0.01
ROE
5.5%▲
2025 · -6.8%
ROA
5.5%▲
2025 · -6.7%
Interest coverage
21.93▲
2025 · -42.13
Debt ≤ 1 year
€22▼
2025 · €681
A ratio outside any meaningful range has been withheld (balance sheet total €82k, equity €82k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €2k | €482 | €140 | - |
| Other operating charges640/8 | €702 | €348 | €384 | €1k | €515 | - |
| Gross operating margin9900 | €5k | €3k | €2k | €-4k | €5k | - |
| Operating profit (loss)9901 | €-24 | €-3k | €-872 | €-5k | €4k | - |
| Financial income75/76B | - | - | €171 | €298 | €300 | - |
| Recurring financial income75 | - | - | €171 | €298 | €300 | - |
| Financial charges65/66B | €23 | €24 | €61 | €118 | €209 | - |
| Recurring financial charges65 | €23 | €24 | €61 | €118 | €209 | - |
| Profit (loss) for the period before taxes9903 | €-47 | €-3k | €-762 | €-5k | €5k | - |
| Profit (loss) for the period9904 | €-47 | €-3k | €-762 | €-5k | €5k | - |
| Profit (loss) for the period to be appropriated9905 | €-47 | €-3k | €-762 | €-5k | €5k | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89k | €85k | €84k | €78k | €82k | - |
| Fixed assets21/28 | €7k | €3k | €709 | €228 | €88 | - |
| Tangible fixed assets22/27 | €7k | €3k | €709 | €228 | €88 | - |
| Furniture and vehicles24 | €6k | €3k | €709 | €228 | €88 | - |
| Other tangible fixed assets26 | €1k | - | - | - | - | - |
| Current assets29/58 | €82k | €82k | €83k | €78k | €82k | - |
| Amounts receivable within one year40/41 | €13k | €963 | €11k | €13k | €6k | - |
| Trade receivables40 | €12k | €963 | €11k | €11k | €4k | - |
| Other amounts receivable41 | €1k | - | €452 | €2k | €2k | - |
| Cash at bank and in hand54/58 | €69k | €81k | €72k | €65k | €71k | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €5k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89k | €85k | €84k | €78k | €82k | - |
| Equity10/15 | €86k | €83k | €83k | €77k | €82k | - |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | - |
| Capital10 | €15k | €15k | €15k | €15k | - | - |
| Issued capital100 | €20k | €20k | €20k | €20k | - | - |
| Uncalled capital101 | €5k | €5k | €5k | €5k | - | - |
| Reserves13 | €37k | €37k | €37k | €37k | €37k | - |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Legal reserve130 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €35k | €35k | €35k | €35k | €37k | - |
| Profit (loss) carried forward14 | €34k | €31k | €31k | €25k | €30k | - |
| Amounts payable17/49 | €3k | €1k | €1k | €681 | €22 | - |
| Amounts payable within one year42/48 | €3k | €1k | €1k | €681 | €22 | - |
| Trade debts44 | €3k | €1k | €1k | €681 | €22 | - |
| Suppliers440/4 | €3k | €1k | €1k | €681 | €22 | - |
| Taxes, remuneration and social security45 | - | €304 | - | - | - | - |
| Taxes450/3 | - | €304 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-47 | €-3k | €-762 | €-5k | €5k | - |
| + Depreciation and write-downs630 | €4k | €5k | €2k | €482 | €140 | - |
| Operating cash flow (approximation) | €4k | €2k | €2k | €-5k | €5k | - |
| Investment in fixed assets (approximation) | - | €-408 | €0 | €-1 | - | - |
| Change in cash | - | €12k | €-9k | €-7k | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €5k
Net result €5k after 5 loss-making years.
31-12
Financial
Liquidity times 33current ratio 3723.59
Current ratio from 114.40 to 3723.59; short-term debt falls from €681 to €22.
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
02-01
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 455 days late
2023
02-01
Financial
Liquidity doublescurrent ratio 61.68
Current ratio from 26.91 to 61.68; short-term debt falls from €3k to €1k.
2022
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 84 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
02-01
Financial
Liquidity times 8current ratio 190.73
Current ratio from 24.65 to 190.73; short-term debt falls from €3k to €403.
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lessines
Ground area
868 m²
Building footprint
241 m²
Volume, LiDAR
1,272 m³
Parcel 55023C0439/00V000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55023C0439/00V000 | Wallonia | 868 m² | 1 · 241 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,383 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
Founded12-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.