CODEMO
InactiveCODEMO was declared bankrupt on 13-01-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt). The bankruptcy was closed by liquidation by judgment of 26-01-2023, published in the Belgian Official Gazette on 01-02-2023.
Summary
Inactive. The last annual accounts are for financial year 2020.
Overview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 03-04-1986 · bankruptcy closed on 26-01-2023
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2020
- Gross margin
- €524,429
- ▼ 3.8%
- Turnover
- ≈ €1.2m
- estimated
- Loss
- €34,603
- Equity
- €8,979
- ▼ 79.4%
- Total assets
- €378,501
- ▼ 3.6%
Financials
Financials · financial year 2020, abbreviated format
2020 annual accounts filed 30 days after the deadline Filed on 30 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-60500518.
Annual accounts 2020 filed on 30-08-2021 PDF all 34 filings
Turnover
≈ €1.2m
Estimated: probably between €740,000 and €2.1m
Total assets
€378,501▼ 3.6%
2019 · €392,726
Net result
-€34,603
2019 · €3,823
Working capital
-€13,840
2019 · €25,007
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€12,547
▼ 26.3%
2020
20182020
Net result
-€34,603
2020
20182020
Equity
€8,979
▼ 79.4%
2020
20182020
Total assets
€378,501
▼ 3.6%
2020
20182020
Debt
€369,522
▲ 5.8%
2020
20182020
Working capital
-€13,840
2020
20182020
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020
Operating result-€52,396-€17,028€12,547▼ 26.3%
Net result-€77,474-€3,823-€34,603
Equity€39,758-€43,582▲ 9.6%€8,979▼ 79.4%
Total assets€339,704-€392,726▲ 15.6%€378,501▼ 3.6%
Debt€299,946-€349,144▲ 16.4%€369,522▲ 5.8%
Working capital€28,704-€25,007▼ 12.9%-€13,840
The operating result for 2020 is 26% lower than in 2019.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €378,501
Fixed assets
€23,667 ▲ 18.4%
Current assets
€354,834 ▼ 4.8%
Equity and liabilities €378,501
Equity
€8,979 ▼ 79.4%
Debt
€369,522 ▲ 5.8%
Debt's share of the balance-sheet total rises from 88.9% to 97.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€19,581▼
2019 · €28,854
Cash flow
-€27,569▼
2019 · €15,650
Current ratio
0.96▼
2019 · 1.07
Quick ratio
0.81▲
2019 · 0.46
ROE
-385.4%▼
2019 · 8.8%
ROA
-9.1%▼
2019 · 1.0%
Debt ≤ 1 year
€368,674▲
2019 · €347,725
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,572 | €11,827 | €7,034 | ▼ 40.5% |
| Gross operating margin9900 | €382,421 | €544,964 | €524,429 | ▼ 3.8% |
| Operating profit (loss)9901 | -€52,396 | €17,028 | €12,547 | ▼ 26.3% |
| Recurring financial income75 | €17 | €27 | €316 | ▲ 12× |
| Recurring financial charges65 | €23,701 | €38,147 | €47,566 | ▲ 24.7% |
| Profit (loss) for the period before taxes9903 | -€76,081 | €4,700 | -€34,603 | - |
| Income taxes67/77 | €1,393 | €877 | - | - |
| Profit (loss) for the period9904 | -€77,474 | €3,823 | -€34,603 | - |
| Profit (loss) for the period to be appropriated9905 | -€77,474 | €3,823 | -€34,603 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €339,704 | €392,726 | €378,501 | ▼ 3.6% |
| Fixed assets21/28 | €20,171 | €19,994 | €23,667 | ▲ 18.4% |
| Tangible fixed assets22/27 | €17,071 | €16,694 | €19,767 | ▲ 18.4% |
| Financial fixed assets28 | €3,100 | €3,300 | €3,900 | ▲ 18.2% |
| Current assets29/58 | €319,533 | €372,732 | €354,834 | ▼ 4.8% |
| Stocks and contracts in progress3 | €99,964 | €212,000 | €55,100 | ▼ 74.0% |
| Amounts receivable within one year40/41 | €131,531 | €18,505 | €18,770 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €86,076 | €139,525 | €63,033 | ▼ 54.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €339,704 | €392,726 | €378,501 | ▼ 3.6% |
| Equity10/15 | €39,758 | €43,582 | €8,979 | ▼ 79.4% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €75,193 | €75,193 | €75,193 | = |
| Profit (loss) carried forward14 | -€66,422 | -€62,599 | -€97,202 | ▼ 55.3% |
| Amounts payable17/49 | €299,946 | €349,144 | €369,522 | ▲ 5.8% |
| Amounts payable after more than one year17 | €9,117 | €1,419 | - | - |
| Amounts payable within one year42/48 | €290,829 | €347,725 | €368,674 | ▲ 6.0% |
| Trade debts44 | €194,539 | €210,686 | €237,962 | ▲ 12.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€77,474 | €3,823 | -€34,603 | - |
| + Depreciation and write-downs630 | €24,572 | €11,827 | €7,034 | ▼ 40.5% |
| Operating cash flow (approximation) | -€52,902 | €15,650 | -€27,569 | - |
| Investment in fixed assets (approximation) | - | -€11,649 | -€10,708 | ▲ 8.1% |
| Change in cash | - | €53,448 | -€76,491 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-60500518 | |
| 31-12-2019 | abbreviated format | 07-10-2020 | 2020-59500596 | |
| 31-12-2018 | abbreviated format | 16-09-2019 | 2019-64400293 | |
| 31-12-2017 | abbreviated format | 17-09-2018 | 2018-63100548 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-48900001 | |
| 31-12-2015 | abbreviated format | 29-08-2016 | 2016-50400491 | |
| 31-12-2014 | abbreviated format | 24-08-2015 | 2015-45400447 | |
| 31-12-2013 | abbreviated format | 21-07-2014 | 2014-33200362 | |
| 31-12-2012 | abbreviated format | 17-07-2013 | 2013-31700530 | |
| 31-12-2011 | abbreviated format | 21-07-2012 | 2012-32300339 |
Board & ownership
Directors
Directors
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Trustee | Patrick Schruers Kempische Kaai 7C/1.01, 3500 Hasselt |
13-01-2022 → 26-01-2023 |
| Trustee | Ilse
vranken Kempische Kaai 7C/1.01, 3500 Hasselt |
13-01-2022 → 26-01-2023 |
Owners and capital
Owners
Timeline
Acts, filings and financial milestones
2023
01-02
Bankruptcy
Bankruptcy closure (by liquidation)
Enterprise Court of Antwerp, Hasselt division · judgment of 26-01-2023
2022
19-01
Bankruptcy
Bankruptcy declared
Enterprise Court of Antwerp, Hasselt division · judgment of 13-01-2022
2021
30-08
abbreviated format · 30 days late
2020
07-10
abbreviated format · 68 days late
2019
31-12
Financial
Back to profitnet €3,823
The net result is €3,823, after one loss-making year.
16-09
abbreviated format · 47 days late
2018
17-09
abbreviated format · 48 days late
2017
28-08
abbreviated format · 28 days late
2016
29-08
abbreviated format · 29 days late
2015
24-08
abbreviated format · 24 days late
2014
21-07
abbreviated format · 10 days before the deadline
2013
17-07
abbreviated format · 14 days before the deadline
2012
21-07
abbreviated format · 10 days before the deadline
1986
03-04
Gazette deed
Incorporation
22 publications in the Belgian Official Gazette, the last on 24-05-2019
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
CODEMO is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Blookstraat 38A, 3500 Hasseltas published on 24 May 2019
- Legal form
- Public limited company
- First annual accounts
- financial year 1987
Recognitions · licences · registrations
Dual-learning approval
3 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)