Codemans
ActiveSummary
Codemans has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,691 and a net result of -€4,345. Its solvency ranks better than 19% of 21,064 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €6,691
- Loss
- -€4,345
Why 79raises riskLiquidity: current ratio 0.74, cash €588, halvedFounded in 2023lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Size: total assets €39,331Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 20% on solvency, 7% on liquidity, 18% on profitability and 17% on growth.
The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 8 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: COSEMANS Richard Paul (director)…
Financials · financial year 2025, micro format
2025 annual accounts filed late (17 days) Filed on 17 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00401917.
2024 to 2025, 2 financial years
The operating result turns negative in 2025: a loss of €3,108 after €12,988 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90.1% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,207 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,740 | €7,530 | ▼ 22.7% |
| Other operating charges640/8 | €1,077 | €721 | ▼ 33.1% |
| Non-recurring operating charges66A | - | €834 | - |
| Gross operating margin9900 | €23,805 | €5,976 | ▼ 74.9% |
| Operating profit (loss)9901 | €12,988 | -€3,108 | - |
| Financial income75/76B | €16 | €17 | ▲ 7.1% |
| Recurring financial income75 | €16 | €17 | ▲ 7.1% |
| Financial charges65/66B | €1,706 | €1,122 | ▼ 34.2% |
| Recurring financial charges65 | €1,706 | €1,122 | ▼ 34.2% |
| Profit (loss) for the period before taxes9903 | €11,298 | -€4,213 | - |
| Income taxes67/77 | €2,761 | €132 | ▼ 95.2% |
| Profit (loss) for the period9904 | €8,537 | -€4,345 | - |
| Profit (loss) for the period to be appropriated9905 | €8,537 | -€4,345 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €53,849 | €39,331 | ▼ 27.0% |
| Fixed assets21/28 | €27,758 | €20,437 | ▼ 26.4% |
| Tangible fixed assets22/27 | €27,758 | €20,437 | ▼ 26.4% |
| Plant, machinery and equipment23 | €2,602 | €1,750 | ▼ 32.7% |
| Furniture and vehicles24 | €225 | €166 | ▼ 26.1% |
| Leasing and similar rights25 | €24,931 | €18,521 | ▼ 25.7% |
| Current assets29/58 | €26,091 | €18,894 | ▼ 27.6% |
| Amounts receivable within one year40/41 | €14,783 | €18,213 | ▲ 23.2% |
| Trade receivables40 | €14,783 | €18,213 | ▲ 23.2% |
| Cash at bank and in hand54/58 | €11,215 | €588 | ▼ 94.8% |
| Deferred charges and accrued income490/1 | €92 | €94 | ▲ 1.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €53,849 | €39,331 | ▼ 27.0% |
| Equity10/15 | €11,037 | €6,691 | ▼ 39.4% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Reserves13 | €8,537 | €4,191 | ▼ 50.9% |
| Distributable reserves133 | €8,537 | €4,191 | ▼ 50.9% |
| Amounts payable17/49 | €42,812 | €32,640 | ▼ 23.8% |
| Amounts payable after more than one year17 | €14,623 | €7,143 | ▼ 51.2% |
| Financial debts170/4 | €14,623 | €7,143 | ▼ 51.2% |
| Amounts payable within one year42/48 | €28,190 | €25,497 | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | €7,167 | €9,301 | ▲ 29.8% |
| Trade debts44 | €4,860 | €9,272 | ▲ 90.8% |
| Suppliers440/4 | €4,860 | €9,272 | ▲ 90.8% |
| Taxes, remuneration and social security45 | €11,606 | €6,174 | ▼ 46.8% |
| Taxes450/3 | €11,606 | €6,174 | ▼ 46.8% |
| Other amounts payable47/48 | €4,557 | €751 | ▼ 83.5% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €8,537 | -€4,345 | - |
| + Depreciation and write-downs630 | €9,740 | €7,530 | ▼ 22.7% |
| Operating cash flow (approximation) | €18,276 | €3,185 | ▼ 82.6% |
| Investment in fixed assets (approximation) | - | -€209 | - |
| Change in cash | - | -€10,628 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-08-2026 | 2026-00401917 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00331664 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| COSEMANS Richard |
|
Owners and capital
Capital and shareholders
- COSEMANS Richard Paul 50 shares (100%) · in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 10-11-2023 Incorporation · €2,500 · 50 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
10-11
Gazette deed
IncorporationAppointment: COSEMANS Richard Paul (director) · Founder · Founding capital7 facts ▸
- Incorporation, 03-11-2023
- Founder, COSEMANS Richard Paul
- Founding capital, €2,500
- Bank account, “voorafgaandelijk aan oprichting, bijzondere rekening” (deed in Dutch)
- Director appointment, COSEMANS Richard Paul (director)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen en handelingen oprichter in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Other provision, “akte-bijlagen en uitreiking, artikel 173,1°bis Wetboek registratierechten” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24097F0168/00E002 | Flanders | 543 m² | 1 · 95 m² | 0.0 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies,het maken van studies,het verrichten van onderzoek,het voorzien in opleiding en trainingen inzake de domeinen…” (deed in Dutch)
24 activities (deed in Dutch)
- Het verlenen van advies,het maken van studies,het verrichten van onderzoek,het voorzien in opleiding en trainingen inzake de domeinen :
- Informatica
- Informatie- en communicatietechnologie ;
- Multimediatoepassingen ;
- Internettechnologie ;
- Handel en bedrijfsbeheer ;
- Projectbeheer en organisatie ;
- Alsmede alle aanverwante domeinen ;
- De ontwikkeling van softwaretoepassingen en aanverwante producten in hoger vermelde domeinen ;
- De handel van hardware en softwareproducten,inclusief import en export ;
- De samenstelling,onderhoud en reparatie van computersystemen en computernetwerken;
- Het ontwikkelen,verkopen,reparatie van informatica en roboticatoepassingen.
- Het optreden als orgaan in een vennootschap,een stichting,een vereniging,een instelling of enig andere vorm van organisatie;
- Het uitvoeren van opdrachten van algemeen management en project management,hetzij op lange termijn,hetzij op interim-basis;
- Het verlenen van diensten en adviezen als consultant in de sector van de telecommunicatie,informatica,elektronica,telematica,informatievoorziening en –verwerking en aanverwanten;
- De vennootschap zal in het kader van haar voorwerp patenten en licenties kunnen ontwikkelen,aanvragen en commercialiseren via derden of in eigen beheer;
- De vennootschap zal eveneens binnen haar voorwerp activiteiten van onderzoek en ontwikkeling kunnen ontplooien,zij kan daartoe eveneens samenwerken met onderwijsinstellingen,onderzoeksinstituten en industriële partners;
- De vennootschap kan binnen haar voorwerp,in de meest ruime zin,opleidingen,seminars,trainingen en coaching ontwikkelen,samenstellen en verzorgen.
- A) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur- en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten;
- B) uitsluitend in eigen naam en voor eigen rekening: het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan- en verkoop,de huur- en verhuur,de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- C) uitsluitend in eigen naam en voor eigen rekening: het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen.
- De vennootschap kan samenwerken met,deelnemen in,of op gelijk welke wijze,rechtstreeks of onrechtstreeks,belangen nemen in andere ondernemingen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap kan in het algemeen alle commerciële,industriële,financiële,roerende en/of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Codemans
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 3290 Diest,Kalverbergstraat 3” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, Samenstelling van het bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding op elk moment, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle machten artikel 2:87 Wetboek van vennootschappen en verenigingen zonder bijzondere machtiging, ontbinding met vereffening” (deed in Dutch)