CODEM
The computed 12-month bankruptcy probability of CODEM is 2.0% (moderate). The 2025 annual accounts show equity of €5.85M and a net result of €721k. Equity is growing by ~8.7% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5.85M |
| Net result | €721k |
| Active | 7 yrs |
| Board | 7 |
Strong profile, led by stability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | - |
| Net profit | €721k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €7.86M |
| Equity | €5.85M |
| Debt | €2.02M |
| of which ≤ 1y | €1.88M |
| of which > 1y | €136k |
| Working capital | €-1.88M |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.00 |
| Quick ratio | 0.00 |
| Working capital ratio | -23.8% |
| Solvency | 74.4% |
| Debt / equity | 0.34 |
| Long-term debt ratio | 0.02 |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | 9.2% |
| ROE | 12.3% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €7.86M |
| Fixed assets | 21/28 | €7.86M |
| Financial fixed assets | 28 | €7.86M |
| Current assets | 29/58 | €2k |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €0 |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €7.86M |
| Equity | 10/15 | €5.85M |
| Contributions / capital | 10/11 | €1.02M |
| Reserves | 13 | €4.83M |
| Amounts payable | 17/49 | €2.02M |
| Amounts payable after one year | 17 | €136k |
| Amounts payable within one year | 42/48 | €1.88M |
| Trade debts payable within one year | 44 | €50k |
| Income statement | ||
| Operating result | 9901 | €-3k |
| Financial income | 75 | €840k |
| Financial charges | 65 | €116k |
| Result before taxes | 9903 | €721k |
| Net result for the period | 9904 | €721k |
| Result to be appropriated | 9905 | €721k |
-
Current16-05-2023 → present
-
Current16-05-2023 → present
-
Current16-05-2023 → present
-
Current16-05-2023 → present
-
Current16-05-2023 → present
-
Current16-05-2023 → present
2 events
- 16-05-2023 Appointed· Managing director
- 16-05-2023 Mandate renewed· Director
-
Current16-05-2023 → present
| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| AVISOR SRLCurrent Statutory auditor · represented by Dorothée HURTEUX |
- | 27-01-2026 → present |
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-2018 |
| Status | Active |
| Postal code | 7700 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54007B0405/00R000 | Wallonia | 1.9 ha | 1 · 8,804 m² | 8.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
27-01-2026 Dorothée HURTEUX appointed as statutory auditor
- Dorothée HURTEUX, Commissaris
Technical details
{
"events": [
{
"kind": "commissaris_in",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Doroth\u00E9e HURTEUX",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": null,
"name": "SRL AVISOR",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide \u00E0 l\u0027unanimit\u00E9 de nommer, en qualit\u00E9 de commissaire, la SRL AVISOR qui a d\u00E9sign\u00E9e comme repr\u00E9sentant permanent, Madame Doroth\u00E9e HURTEUX, dont le si\u00E8ge social est sis Chauss\u00E9e de Tournai, 54 \u00E0 7520 Ramegnies-Chin, pour une p\u00E9riode de 3 ann\u00E9es, c\u0027est-\u00E0-dire que ce mandat pre"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0716.962.929",
"name_full": "CODEM",
"legal_form": "SRL"
}
}16-05-2023 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": true,
"object_change": false,
"effective_date": "2023-05-03",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0716.962.929",
"name_full": "CODEM",
"legal_form": "SPRL"
},
"signature_regime": "joint_by_class",
"special_mandates": [],
"governance_change": {
"admin_delegated_added": [
{
"name": "VAN DAELE Robert",
"quote": "L\u2019organe d\u2019administration d\u00E9cide de nommer Monsieur VAN DAELE Robert, pr\u00E9cit\u00E9, comme administrateur-d\u00E9l\u00E9gu\u00E9 de la soci\u00E9t\u00E9 \u00E0 compter de ce jour et pour une dur\u00E9e illimit\u00E9e.",
"excluded_powers": null
}
]
}
}15-02-2019 Capital increase of €1,000,000 to €1,020,000
- €20.000 → €1.020.000
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 1000000.0,
"currency": "EUR",
"after_eur": 1020000.0,
"delta_eur": 1000000.0,
"before_eur": 20000.0,
"amount_type": "kapitaal_effectief",
"effective_date": "2019-01-25",
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide d\u0027augmenter le capital \u00E0 concurrence d\u0027un million d\u0027euros (1.000.000,00 EUR) pour le porter de vingt mille euros (20.000,00, EUR) \u00E0 un million vingt mille euros (1.020.000,00 EUR), par l\u0027\u00E9mission de dix mille (10.000) nouvelles parts sociales sans valeur nominale, \u00E0 attribuer en r\u00E9mun\u00E9ration de l\u0027apport en nature.",
"contribution_type": "in_kind"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0716.962.929",
"name_full": "CODEM",
"legal_form": "SPRL"
}
}02-01-2019 Incorporation of a new SNC
Technical details
{
"kind": "oprichting",
"seat": "Boulevard Industriel 95, 7700 Mouscron",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1947-12-08",
"name": "VAN DAELE Robert Luc Jos\u00E9 Ghislain",
"niss": null,
"address": "Jan Van Looylaan 60, 8670 Koksijde"
},
"share_class": "parts sociales",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 20000,
"holder_person_name": "VAN DAELE Robert Luc Jos\u00E9 Ghislain",
"is_subscriber_only": false,
"n_shares_subscribed": 200,
"amount_subscribed_eur": 20000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 20000,
"subject_company": {
"kbo": "0716.962.929",
"name_full": "CODEM",
"legal_form": "SNC"
},
"initial_directors": [],
"incorporation_date": "2018-12-27",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameFR | CODEM |