CODELI
ActiveSummary
CODELI has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €724,129 and a net result of €9,963. Equity is growing by ~11.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 18 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,684 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €173,176 | €0 | €83,332 | €1,780 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,511 | €79,236 | €115,975 | €92,486 | €96,929 | ▲ 4.8% |
| Other operating charges640/8 | €33,120 | €32,558 | €36,350 | €39,338 | €42,003 | ▲ 6.8% |
| Gross operating margin9900 | €321,383 | €124,261 | €283,662 | €191,132 | €182,437 | ▼ 4.5% |
| Operating profit (loss)9901 | €214,752 | €12,467 | €131,338 | €59,308 | €43,506 | ▼ 26.6% |
| Financial income75/76B | €0 | €0 | €14 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €0 | €14 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €8,830 | €14,222 | €18,140 | €25,477 | €30,373 | ▲ 19.2% |
| Recurring financial charges65 | €8,830 | €14,222 | €18,140 | €25,477 | €30,373 | ▲ 19.2% |
| Profit (loss) for the period before taxes9903 | €205,923 | -€1,755 | €113,211 | €33,831 | €13,132 | ▼ 61.2% |
| Transfer from deferred taxes780 | €7,903 | €7,903 | €7,903 | €7,903 | €7,903 | = |
| Transfer to deferred taxes680 | €43,294 | €0 | - | - | - | - |
| Income taxes67/77 | - | - | €41,444 | €20,231 | €11,071 | ▼ 45.3% |
| Profit (loss) for the period9904 | €170,531 | €6,147 | €79,670 | €21,503 | €9,963 | ▼ 53.7% |
| Transfer from tax-exempt reserves789 | €21,713 | €21,713 | €21,713 | €21,713 | €21,713 | = |
| Transfer to tax-exempt reserves689 | €129,882 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €62,363 | €27,860 | €101,383 | €43,216 | €31,676 | ▼ 26.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.9m | €1.8m | €1.8m | ▼ 2.8% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.5m | €1.5m | €1.4m | ▼ 2.2% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.5m | €1.5m | €1.4m | ▼ 2.2% |
| Land and buildings22 | €1.3m | €1.4m | €1.5m | €1.5m | €1.4m | ▼ 2.4% |
| Plant, machinery and equipment23 | €2,888 | €2,084 | €1,279 | €4,774 | €6,291 | ▲ 31.8% |
| Furniture and vehicles24 | €2,450 | €1,337 | €1,740 | €2,608 | €3,216 | ▲ 23.3% |
| Current assets29/58 | €293,669 | €207,434 | €396,000 | €362,142 | €344,180 | ▼ 5.0% |
| Amounts receivable within one year40/41 | - | - | €980 | €0 | €18,929 | - |
| Trade receivables40 | - | - | €980 | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €18,929 | - |
| Cash at bank and in hand54/58 | €288,751 | €206,404 | €393,891 | €348,245 | €323,468 | ▼ 7.1% |
| Deferred charges and accrued income490/1 | €4,918 | €1,030 | €1,129 | €13,898 | €1,783 | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.9m | €1.8m | €1.8m | ▼ 2.8% |
| Equity10/15 | €675,245 | €681,392 | €761,062 | €748,365 | €724,129 | ▼ 3.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €520,184 | €498,471 | €577,758 | €598,365 | €574,129 | ▼ 4.1% |
| Tax-exempt reserves132 | €500,871 | €479,158 | €457,444 | €435,731 | €414,018 | ▼ 5.0% |
| Distributable reserves133 | €19,314 | €19,314 | €120,314 | €162,634 | €160,110 | ▼ 1.6% |
| Profit (loss) carried forward14 | €5,061 | €32,921 | €33,304 | €0 | €0 | - |
| Provisions and deferred taxes16 | €181,585 | €173,682 | €165,780 | €157,877 | €149,974 | ▼ 5.0% |
| Deferred taxes168 | €181,585 | €173,682 | €165,780 | €157,877 | €149,974 | ▼ 5.0% |
| Amounts payable17/49 | €788,664 | €746,254 | €1.0m | €922,120 | €903,641 | ▼ 2.0% |
| Amounts payable after more than one year17 | €607,005 | €568,596 | €638,142 | €604,004 | €568,968 | ▼ 5.8% |
| Financial debts170/4 | €300,829 | €285,950 | €472,403 | €445,604 | €417,937 | ▼ 6.2% |
| Other amounts payable178/9 | €306,176 | €282,646 | €165,739 | €158,401 | €151,031 | ▼ 4.7% |
| Amounts payable within one year42/48 | €178,245 | €175,808 | €355,621 | €306,183 | €316,923 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €36,076 | €36,448 | €32,886 | €34,039 | €35,004 | ▲ 2.8% |
| Trade debts44 | €7,193 | €422 | €0 | €926 | €0 | ▼ 100% |
| Suppliers440/4 | €7,193 | €422 | €0 | €926 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €1,626 | €21,444 | €231 | €0 | ▼ 100% |
| Taxes450/3 | - | €1,626 | €21,444 | €231 | €0 | ▼ 100% |
| Other amounts payable47/48 | €134,976 | €137,311 | €301,291 | €270,986 | €281,918 | ▲ 4.0% |
| Accrued charges and deferred income492/3 | €3,415 | €1,850 | €10,653 | €11,934 | €17,751 | ▲ 48.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €170,531 | €6,147 | €79,670 | €21,503 | €9,963 | ▼ 53.7% |
| + Depreciation and write-downs630 | €73,511 | €79,236 | €115,975 | €92,486 | €96,929 | ▲ 4.8% |
| Operating cash flow (approximation) | €244,042 | €85,383 | €195,645 | €113,988 | €106,892 | ▼ 6.2% |
| Investment in fixed assets (approximation) | - | -€121,304 | -€257,338 | -€23,449 | -€64,273 | ▼ 174% |
| Change in cash | - | -€82,347 | €187,486 | -€45,646 | -€24,776 | ▲ 45.7% |
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
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.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C0844/00F000 | Wallonia | 88 m² | 1 · 68 m² | 17.8 m · 4 fl. |
| 92094C0704/00G000 ProtectedArchitectural ensemble |
Wallonia | 77 m² | 1 · 147 m² | 29.1 m · 6 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.