CODELRESEARCH
ActiveSummary
CODELRESEARCH has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,643 and a net result of €58,643. Its solvency ranks better than 55% of 11425 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency74
Growth-
Track record67
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 1.95; short-term debt: 51.2% and cash: 2.5% of total assets), but 51.2% 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 · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
48.8%
Return on assets
44.3%
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 21-09-2026, 52 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 · 1 filingDeviation from the deadline
2025
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€64,643
Total assets
€132,508
Net result
€58,643
Working capital
€64,643
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Equity and liabilities €132,508
Equity
€64,643
Debt
€67,865
Debt finances 51.2% of the balance-sheet total.
Key figures and ratios
Current ratio
1.95
Debt to equity
1.05
ROE
90.7%
ROA
44.3%
Debt ≤ 1 year
€67,865
Income taxes
€15,283
Annual accounts
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €927 |
| Gross operating margin9900 | €74,490 |
| Operating profit (loss)9901 | €73,563 |
| Financial income75/76B | €424 |
| Recurring financial income75 | €424 |
| Financial charges65/66B | €60 |
| Recurring financial charges65 | €60 |
| Profit (loss) for the period before taxes9903 | €73,926 |
| Income taxes67/77 | €15,283 |
| Profit (loss) for the period9904 | €58,643 |
| Profit (loss) for the period to be appropriated9905 | €58,643 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €132,508 | |
| Current assets29/58 | €132,508 | |
| Amounts receivable within one year40/41 | €129,155 | |
| Trade receivables40 | €121,108 | |
| Other amounts receivable41 | €8,047 | |
| Cash at bank and in hand54/58 | €3,354 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €132,508 | |
| Equity10/15 | €64,643 | |
| Contributions10/11 | €6,000 | |
| Reserves13 | €58,643 | |
| Distributable reserves133 | €58,643 | |
| Amounts payable17/49 | €67,865 | |
| Amounts payable within one year42/48 | €67,865 | |
| Trade debts44 | €11,150 | |
| Suppliers440/4 | €11,150 | |
| Taxes, remuneration and social security45 | €21,103 | |
| Taxes450/3 | €21,103 | |
| Other amounts payable47/48 | €35,613 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €58,643 |
| Operating cash flow (approximation) | €58,643 |
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
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 52 days late
NBB filing
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, Mont-de-l'Enclus · 1 establishment unit since 2024
Ground area
1,586 m²
Building footprint
218 m²
Volume, LiDAR
951 m³
Parcel 57001A0627/00A000, Wallonia · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Résidence Horlitin(AM) 7, 7750 Mont-de-l'Enclus
since 20242.367.450.393
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57001A0627/00A000 | Wallonia | 1,586 m² | 1 · 218 m² | 7.4 m · 1 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.
Similar companies · same sector, comparable size
POVAX
BE 0501.935.606
Braine-l'Alleud · Eq €64,232
PHYMMO
BE 0865.487.250
Knokke-Heist · Eq €65,206
LAYAN GARAGE
BE 0770.476.641
Beveren-Kruibeke-Zwijndrecht · Eq €64,018
M.D. CARS INTERNATIONAL
BE 0461.861.738
Anderlecht · Eq €64,017
TOURISM TROPHY CAR and BIKE
BE 0878.322.033
Chaumont-Gistoux · Eq €65,279
Of 2,129 companies in sector 46711 we hold annual accounts for 1,128. 761 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
Founded27-11-2024
Fiscal year end31-12
Activities, NACEBEL 2025
46711Wholesale of cars and light vans (up to 3.5 tonnes)
70200Business and other management consultancy
71111Activities of building architects
73200Market research and public opinion polling
77110Renting and leasing of cars and light motor vehicles
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.