Equity
€344,022 from €1.6m in 2023
Equity fell by 79% in 1 year.
CODEMA
Lifetime
19 annual accounts with figures on one time axis, 48 filings since 1977peak €1.2m (2010)
€185,580▼ 73.0%
lowest -€1.2m (2024)
-€1.2m▼ €1.3m
peak €1.6m (2023)
€344,022▼ 78.9%
€815,662▲ 3.8%
peak 22.2 FTE (2010)
10.8 FTE▲ 0.9%
Board8 names since 2016
4 directors and 3 others
Owners
consolidates
Documentsfilings and deeds
09-04-2026252 days late
2024abbreviated format
Gross margin from €687,729 to €185,580Loss of €1.2mResignation: (director) 19-11Resignation: (managing director) 25-07Dividend €50,000Equity from €1.6m to €344,022
Key points
from the 2024 annual accountsResult
-€1.2m -€1.2m
From profit to loss in 2024, after a profit of €18,797 in 2023.
Debts
€815,662 70% of the balance sheet
Suppliers 75%Taxes and wages 25%
Staff
10.8 FTE from 22.2 in 2010
Between 2010 and 2024, 51% of the full-time equivalents disappeared.
Filings
48 annual accounts 106 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€1.2m
Lower net result than 95% of companies in wholesale trade. Sector median €41,144 · 8,958 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 308 companies had the same profile as CODEMA has now. Each dot is one company, two years later.
89.0%
were still trading
5.2%
stopped another way
4.9%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 308 companies, not a prediction for CODEMA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Chair
Director, , since 27-04-2025
Director
Auditor
- consolidatesannual accounts 2024
Recent changes
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representative: · General meeting of 20-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0413897713
1 director appointed, 1 resignation
Resignation: · Appointment: · Permanent representative: · General meeting of 05-05-2025 · Gazette deed
Resignation: (director)
Appointment: (director) · Board meeting of 01-10-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODEMA Lokeren | €1.2m | €185,580 | 29.7% | 10.8 |
| CONTREL EUROPE Ghent | €0.5m | €250,724 | -74.2% | 8 |
| INTERMEDI Ghent | €1.2m | €597,906 | 78.5% | 8.6 |
| EURO - SCIENTIFIC Lint | €1.0m | €260,993 | 80.3% | 3.5 |
| AUXI Etterbeek | €1.2m | €200,455 | 20.1% | 4.1 |
| PHARMAMED Anderlecht | €1.4m | €532,003 | 30.4% | 6.2 |
| GAMA MEDICALS Uccle | €0.6m | €343,333 | 18.9% | 4.9 |
These companies have the same main activity as CODEMA: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €468,000 and €1.4m, founded between 1981 and 1992.
Official details
Source: KBO- Status
- Active since 31-12-1973Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460and 2 others
- Joint committees
- 100Auxiliary committee for blue-collar workers
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.009.403.1049160 Lokeren, since 01-01-1974
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2024
- ≈ €980,000estimated
- €1.2m▼ 52.0%
- Employeeson 31-12-2024
- 10▼ 16.7%
- Filing
- Filed on 09-04-2026
Insights on CODEMA
CODEMA files the abbreviated format. That format states no turnover. The gross margin fell from €1.1m in 2006 to €185,580 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODEMA
- What is the company number of CODEMA?
- The company number of CODEMA is 0413.897.713. The VAT number is the same number with BE in front: BE 0413.897.713.
- Where is CODEMA based?
- The registered office is at Wolfsakker 7, 9160 Lokeren.Company details
- What does CODEMA do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of CODEMA?
- CODEMA is a public limited company (NV).
- When was CODEMA founded?
- CODEMA was founded on 31-12-1973.
- Is CODEMA still active?
- Yes, CODEMA is an active enterprise in the KBO register.
- How many employees does CODEMA have?
- CODEMA had an average of 10.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does CODEMA fall under?
- In its 2024 annual accounts, CODEMA states joint committees 100 (Auxiliary committee for blue-collar workers) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CODEMA?
- The turnover in financial year 2024 is ≈ €980,000. This figure is estimated from the gross margin of €185,580 and 86 comparable companies (NACE 46). It probably lies between €450,000 and €1.7m.
- Is CODEMA profitable?
- In financial year 2024, CODEMA made a loss of €1.2m.
- Where can I find the annual accounts of CODEMA?
- CODEMA filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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