CODEL IMMO
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €52,000. Estimated: probably between €39,000 and €75,000.
Balance sheet
balance sheet total €611,529 on 31-12-2025in euro
Position in the sector
10.8%
Higher than 33% of 17,199 companies in 2025.
0.14
Higher than 14% of 16,496 companies in 2025.
-2.7%
Higher than 23% of 16,875 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
611,529 | 621,887 | 631,574 | |
20 |
0 | - | - | |
21/28 |
598,786 | 615,855 | 631,574 | |
22/27 |
598,786 | 615,855 | 631,574 | |
22 |
598,169 | 614,905 | 631,574 | |
23 |
617 | 950 | - | |
29/58 |
12,744 | 6,032 | - | |
40/41 |
1,245 | 6,032 | - | |
40 |
1,245 | 6,032 | - | |
54/58 |
10,369 | - | - | |
490/1 |
1,130 | - | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
611,529 | 621,887 | 631,574 | |
10/15 |
65,909 | 82,261 | 72,799 | |
10/11 |
90,000 | 90,000 | 90,000 | |
14 |
-24,091 | -7,739 | -17,201 | |
17/49 |
545,620 | 539,626 | 558,775 | |
17 |
448,011 | 480,790 | 512,390 | |
170/4 |
448,011 | 480,790 | 512,390 | |
42/48 |
91,443 | 56,770 | 44,322 | |
42 |
48,264 | 31,600 | 30,409 | |
43 |
- | 15,998 | 11,141 | |
430/8 |
- | 15,998 | 11,141 | |
44 |
220 | 5,134 | - | |
440/4 |
220 | 5,134 | - | |
45 |
2,185 | 4,039 | 2,772 | |
450/3 |
2,185 | 4,039 | 2,772 | |
47/48 |
40,774 | - | - | |
492/3 |
6,166 | 2,066 | 2,064 | |
| Income statement | ||||
9900 |
31,819 | 62,640 | 59,046 | |
630 |
22,413 | 21,419 | 43,037 | |
631/4 |
- | 5,000 | - | |
640/8 |
6,169 | 6,047 | 7,162 | |
9901 |
3,238 | 30,175 | 8,847 | |
75/76B |
0 | - | - | |
75 |
0 | - | - | |
65/66B |
19,590 | 20,713 | 26,049 | |
65 |
19,590 | 20,713 | 26,049 | |
9903 |
-16,352 | 9,462 | -17,201 | |
9904 |
-16,352 | 9,462 | -17,201 | |
9905 |
-16,352 | 9,462 | -17,201 | |
| Appropriation of the result | ||||
9906 |
-24,091 | -7,739 | -17,201 | |
14P |
-7,739 | -17,201 | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 25,651 | 51,594 | 51,884 | ||
| 6,061 | 30,881 | 25,835 | ||
| 5,343 | 5,700 | 673,562 | ||
| -78,699 | -50,738 | - | ||
| 10.8% | 13.2% | 11.5% | ||
| 0.14 | 0.11 | - | ||
| 8.28 | 6.56 | 7.68 | ||
| -24.8% | 11.5% | -23.6% | ||
| -2.7% | 1.5% | -2.7% | ||
| 1.31 | 2.49 | 1.99 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,343 | €5,700 | €673,562 |
| €22,413 | €21,419 | €43,037 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on CODEL IMMO
The operating result for 2025 is 89% lower than in 2024 and the lowest since 2023.
Debt's share of the balance-sheet total rises from 86.8% to 89.2%. Equity is lower and debt is higher.