CODEL
ActiveSummary
For CODEL, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €281,760 and a net result of €22,680. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 65% of 37969 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability76=
Solvency96▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.1%
Return on assets
5.7%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 240 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 14-02-2025, 14 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
not filed
2024
14 d late
2023
12 d late
2022
1 d early
2021
4 d early
2020
15 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€281,760▲ 8.8%
2023 · €259,079
Total assets
€396,181▲ 0.2%
2023 · €395,236
Net result
€22,680▼ 6.5%
2023 · €24,262
Working capital
€121,058▲ 7.1%
2023 · €113,019
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€40,763▲ 197%€47,213▲ 15.8%€60,025▲ 27.1%€38,015▼ 36.7%€35,645▼ 6.2%
Net result€31,669within the sector's middle half▲ 194%€31,466within the sector's middle half▼ 0.6%€40,690within the sector's middle half▲ 29.3%€24,262within the sector's middle half▼ 40.4%€22,680within the sector's middle half▼ 6.5%
Equity€283,069above the sector's middle half▲ 8.1%€314,534above the sector's middle half▲ 11.1%€264,145above the sector's middle half▼ 16.0%€259,079above the sector's middle half▼ 1.9%€281,760above the sector's middle half▲ 8.8%
Total assets€394,242within the sector's middle half▲ 0.5%€424,669within the sector's middle half▲ 7.7%€377,783within the sector's middle half▼ 11.0%€395,236within the sector's middle half▲ 4.6%€396,181within the sector's middle half▲ 0.2%
Debt€111,173▼ 14.7%€110,134▼ 0.9%€113,638▲ 3.2%€136,156▲ 19.8%€114,421▼ 16.0%
Working capital€116,782within the sector's middle half▲ 20.5%€153,102above the sector's middle half▲ 31.1%€108,037within the sector's middle half▼ 29.4%€113,019within the sector's middle half▲ 4.6%€121,058within the sector's middle half▲ 7.1%
Solvency71.8%within the sector's middle half▲ 5.0pp74.1%within the sector's middle half▲ 2.3pp69.9%within the sector's middle half▼ 4.1pp65.6%within the sector's middle half▼ 4.4pp71.1%within the sector's middle half▲ 5.6pp
Current ratio2.05within the sector's middle half▲ 0.222.39within the sector's middle half▲ 0.341.95within the sector's middle half▼ 0.441.84within the sector's middle half▼ 0.122.07within the sector's middle half▲ 0.24
Return on assets (ROA)8.0%within the sector's middle half▲ 5.3pp7.4%within the sector's middle half▼ 0.6pp10.8%within the sector's middle half▲ 3.4pp6.1%within the sector's middle half▼ 4.6pp5.7%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 6% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €396,181
Fixed assets
€162,378 ▲ 10.5%
Current assets
€233,803 ▼ 5.8%
Equity and liabilities €396,181
Equity
€281,760 ▲ 8.8%
Debt
€114,421 ▼ 16.0%
Debt's share of the balance-sheet total falls from 34.4% to 28.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,844▼
2023 · €51,324
Cash flow
€32,879▼
2023 · €37,571
Debt to equity
0.41▼
2023 · 0.53
ROE
8.0%▼
2023 · 9.4%
Interest coverage
24.07▼
2023 · 28.01
Debt ≤ 1 year
€112,745▼
2023 · €135,238
Income taxes
€15,118▼
2023 · €16,658
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,294 | €13,296 | €13,210 | €13,309 | €10,198 | ▼ 23.4% |
| Other operating charges640/8 | - | - | €2,639 | €2,628 | €3,059 | ▲ 16.4% |
| Non-recurring operating charges66A | - | - | €1,719 | €3,121 | €4,062 | ▲ 30.2% |
| Gross operating margin9900 | €58,503 | €64,455 | €77,594 | €57,073 | €52,965 | ▼ 7.2% |
| Operating profit (loss)9901 | €40,763 | €47,213 | €60,025 | €38,015 | €35,645 | ▼ 6.2% |
| Financial income75/76B | - | - | €5,223 | €4,737 | €4,058 | ▼ 14.3% |
| Recurring financial income75 | €4,239 | €4,833 | €5,223 | €4,737 | €4,058 | ▼ 14.3% |
| Financial charges65/66B | - | - | €1,102 | €1,832 | €1,904 | ▲ 3.9% |
| Recurring financial charges65 | €2,394 | €3,312 | €1,102 | €1,832 | €1,904 | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €42,608 | €48,734 | €64,145 | €40,920 | €37,799 | ▼ 7.6% |
| Income taxes67/77 | €10,939 | €17,268 | €23,455 | €16,658 | €15,118 | ▼ 9.2% |
| Profit (loss) for the period9904 | €31,669 | €31,466 | €40,690 | €24,262 | €22,680 | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €31,669 | €31,466 | €40,690 | €24,262 | €22,680 | ▼ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394,242 | €424,669 | €377,783 | €395,236 | €396,181 | ▲ 0.2% |
| Fixed assets21/28 | €166,409 | €161,492 | €156,168 | €146,978 | €162,378 | ▲ 10.5% |
| Tangible fixed assets22/27 | €166,285 | €152,758 | €147,434 | €138,244 | €128,644 | ▼ 6.9% |
| Land and buildings22 | - | - | €145,621 | €134,107 | €125,817 | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €1,028 | €1,253 | €1,307 | ▲ 4.3% |
| Furniture and vehicles24 | - | - | €785 | €2,884 | €1,519 | ▼ 47.3% |
| Financial fixed assets28 | €124 | €8,734 | €8,734 | €8,734 | €33,734 | ▲ 286% |
| Current assets29/58 | €227,834 | €263,177 | €221,615 | €248,258 | €233,803 | ▼ 5.8% |
| Amounts receivable after more than one year29 | - | - | €175,000 | €211,000 | €191,000 | ▼ 9.5% |
| Other amounts receivable291 | - | - | €175,000 | €211,000 | €191,000 | ▼ 9.5% |
| Amounts receivable within one year40/41 | €22,466 | €42,719 | €29,083 | €21,109 | €25,780 | ▲ 22.1% |
| Trade receivables40 | - | - | €10,240 | €5,277 | €7,865 | ▲ 49.1% |
| Other amounts receivable41 | - | - | €18,843 | €15,832 | €17,915 | ▲ 13.2% |
| Current investments50/53 | €6,470 | €6,523 | €6,625 | €6,561 | €6,432 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €3,360 | €1,539 | €4,006 | €3,468 | €4,946 | ▲ 42.6% |
| Deferred charges and accrued income490/1 | - | - | €6,901 | €6,120 | €5,646 | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394,242 | €424,669 | €377,783 | €395,236 | €396,181 | ▲ 0.2% |
| Equity10/15 | €283,069 | €314,534 | €264,145 | €259,079 | €281,760 | ▲ 8.8% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €264,469 | €295,934 | €245,545 | €240,479 | €263,160 | ▲ 9.4% |
| Non-distributable reserves130/1 | - | - | €165,626 | €160,560 | €183,241 | ▲ 14.1% |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Other1319 | - | - | €163,766 | €158,700 | €181,381 | ▲ 14.3% |
| Distributable reserves133 | - | - | €79,919 | €79,919 | €79,919 | = |
| Amounts payable17/49 | €111,173 | €110,134 | €113,638 | €136,156 | €114,421 | ▼ 16.0% |
| Amounts payable within one year42/48 | €111,051 | €110,075 | €113,578 | €135,238 | €112,745 | ▼ 16.6% |
| Trade debts44 | €7,353 | €22,062 | €17,506 | €14,791 | €14,815 | ▲ 0.2% |
| Suppliers440/4 | - | - | €17,506 | €14,791 | €14,815 | ▲ 0.2% |
| Taxes, remuneration and social security45 | - | - | €47,678 | €42,605 | €48,445 | ▲ 13.7% |
| Taxes450/3 | - | - | €46,928 | €42,605 | €48,445 | ▲ 13.7% |
| Remuneration and social security454/9 | - | - | €750 | - | - | - |
| Other amounts payable47/48 | - | - | €48,393 | €77,842 | €49,485 | ▼ 36.4% |
| Accrued charges and deferred income492/3 | - | - | €60 | €918 | €1,676 | ▲ 82.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31,669 | €31,466 | €40,690 | €24,262 | €22,680 | ▼ 6.5% |
| + Depreciation and write-downs630 | €13,294 | €13,296 | €13,210 | €13,309 | €10,198 | ▼ 23.4% |
| Operating cash flow (approximation) | €44,963 | €44,762 | €53,900 | €37,571 | €32,879 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | -€8,379 | -€7,887 | -€4,119 | -€25,598 | ▼ 521% |
| Change in cash | - | -€1,821 | €2,466 | -€538 | €1,479 | ▲ 375% |
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
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €40,690 ▲29.3%
Operating result €60,025, net result €40,690, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 1996
Ground area
1,680 m²
Building footprint
181 m²
Volume, LiDAR
997 m³
Parcel 31442C0656/00B000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grote Thems 116, 8490 Jabbeke
since 19962.079.123.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0656/00B000 | Flanders | 1,680 m² | 1 · 181 m² | 8.4 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-06-2024 list no shareholders, and no other source names one.
Holdings 1
-
12.65%
According to the annual accounts to 30-06-2024 of CODEL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
8945002HLU1LO8YLQI67
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 38,485 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 (pre-2019)
Founded20-08-1996
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68310Real estate agency activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458668359
Also
9925:BE0458668359
Registered
03-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.