CODERA

Active Private limited companyfounded 1976active for 49 yearsHaantjesstraat 8, 8790 WaregemKBO/BCE: BE 0416.664.785

CODERA

Financial year 2025

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Annual accounts 2025

micro format, filed on 23-05-2026, 69 days before the deadline

€1.1m

▲ 2.5%

€288,656

▼ 43.9%

€155,160

▼ 62.4%

€683,593

▼ 79.2%

46.6%

▼ 38.1 percentage points

1.32

▼ 5.90

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €4.5m. Estimated: probably between €2.8m and €7.7m.

Balance sheet

balance sheet total €4.8m on 31-12-2025

What the company ownsHow it is paid for

in €m

Position in the sector

Compare with sector

46.6%

Higher than 55% of 13,800 companies in 2025.

1.32

Higher than 41% of 13,181 companies in 2025.

3.3%

Higher than 49% of 13,360 companies in 2025.

CODERA Middle half of the sector 80% of the sector Micro accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	4.8m	4.1m	3.8m	3.4m	4.2m	3.0m	2.5m	2.3m	1.9m	1.8m	1.6m	1.5m	1.5m	1.5m	1.5m	1.3m	1.2m	652,392	727,215	685,843
`21/28`	1.9m	307,738	307,738	307,738	378,948	387,446	436,633	436,633	156,389	138,305	48,562	53,815	60,820	32,803	32,803	33,821	38,608	43,395	44,428	29,822
`22/27`	260,432	205,738	205,738	205,738	276,948	285,446	334,633	334,633	54,389	36,305	48,562	53,815	60,820	32,803	32,803	33,821	38,608	43,395	44,428	29,822
`22`	195,630	195,630	195,630	195,630	247,813	256,311	320,362	320,362	35,362	32,803	32,803	32,803	32,803	32,803	32,803	32,803	32,803	32,803	44,428	29,822
`23`	-	-	-	-	-	-	-	-	0	3,502	15,759	21,012	28,017	-	-	-	-	-	-	-
`24`	64,801	10,108	10,108	10,108	29,135	29,135	14,270	14,270	19,027	-	-	-	-	-	-	1,018	5,805	10,592	-	-
`28`	1.7m	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	102,000	-	-	-	-	-	-	-	-	-	-
`29/58`	2.8m	3.8m	3.5m	3.1m	3.8m	2.6m	2.0m	1.8m	1.8m	1.7m	1.5m	1.4m	1.5m	1.5m	1.5m	1.2m	1.1m	608,997	682,787	656,021
`29`	21,842	21,842	21,842	21,842	-	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842
`290`	21,842	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,842	21,842	21,842	21,842
`291`	-	21,842	21,842	21,842	-	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	21,842	-	-	-	-
`3`	344,012	398,414	389,670	361,320	345,694	321,361	285,844	285,844	214,107	205,332	196,605	157,432	119,241	114,325	114,325	90,178	86,235	86,235	134,715	152,144
`30/36`	344,012	398,414	389,670	361,320	345,694	321,361	285,844	285,844	214,107	205,332	196,605	157,432	119,241	114,325	114,325	90,178	86,235	86,235	134,715	152,144
`40/41`	680,121	1.1m	1.0m	943,650	1.1m	1.2m	933,282	1.5m	1.1m	1.0m	1.1m	995,084	1.3m	1.4m	1.4m	1.1m	1.0m	500,920	526,230	461,806
`40`	680,121	1.1m	1.0m	943,650	1.1m	1.2m	933,282	1.0m	1.1m	1.0m	1.1m	995,084	1.3m	1.4m	1.4m	1.1m	941,235	433,759	460,111	369,541
`41`	-	-	-	-	-	-	-	443,168	-	-	-	-	-	15,043	15,043	14,243	64,112	67,161	66,119	92,265
`54/58`	865,791	1.4m	1.2m	909,747	2.3m	304,357	227,063	68,349	421,878	40,401	161,115	38,585	58,409	-	-	-	-	-	-	-
`490/1`	905,860	905,860	904,888	864,647	-	803,096	550,777	-	3,342	364,207	-	213,589	-	9,267	9,267	-	-	-	-	20,229
Balance sheet: equity and liabilities
`10/49`	4.8m	4.1m	3.8m	3.4m	4.2m	3.0m	2.5m	2.3m	1.9m	1.8m	1.6m	1.5m	1.5m	1.5m	1.5m	1.3m	1.2m	652,392	727,215	685,843
`10/15`	2.2m	3.5m	3.1m	2.7m	2.5m	2.1m	1.7m	1.4m	1.2m	1.1m	973,707	758,786	704,047	315,421	315,421	231,104	197,608	165,936	140,234	138,375
`10/11`	136,341	136,341	136,341	136,341	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947
`10`	-	-	-	-	123,947	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	-	-	-	-	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947	123,947
`13`	1.3m	1.0m	834,176	623,676	338,694	338,694	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354	23,354
`130/1`	-	-	-	-	12,395	12,395	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395	12,395
`132`	1.2m	989,350	778,850	568,350	324,373	324,373	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033	9,033
`133`	55,326	55,326	55,326	55,326	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926	1,926
`14`	823,181	2.3m	2.1m	1.9m	2.1m	1.6m	1.5m	1.2m	1.1m	999,952	826,406	611,485	556,746	168,120	168,120	83,803	50,307	18,635	-7,067	-8,926
`16`	206,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,124	29,747	-	-	-
`160/5`	206,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62,124	29,747	-	-	-
`162`	206,167	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	2.3m	633,915	765,468	756,625	1.6m	935,066	793,693	930,151	698,906	659,823	581,090	721,561	828,579	1.2m	1.2m	977,769	924,677	486,456	586,981	547,468
`17`	200,695	105,695	200,069	200,695	258,672	258,672	297,386	305,390	29,248	37,252	51,700	68,559	88,155	130,843	130,843	53,511	50,188	30,300	49,112	24,688
`170/4`	200,695	105,695	200,069	200,695	258,672	258,672	297,386	305,390	29,248	37,252	51,700	68,559	88,155	130,843	130,843	53,511	50,188	30,300	49,112	24,688
`42/48`	2.1m	528,219	565,400	555,930	1.4m	676,394	496,308	624,762	669,658	622,571	529,390	653,002	740,424	1.1m	1.1m	924,258	860,211	456,156	537,869	522,780
`42`	-	-	-	-	-	0	22,302	35,000	-	-	-	-	-	-	-	-	-	-	1,026	13,267
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	78,935	78,935	109,811	172,518	58,231	111,307	61,529
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	78,935	78,935	109,811	172,518	58,231	111,307	61,529
`44`	372,139	453,219	440,400	480,930	891,731	676,394	474,005	540,449	567,379	422,849	402,510	508,327	553,455	781,352	781,352	666,077	551,268	297,949	311,299	328,861
`440/4`	372,139	453,219	440,400	480,930	891,731	676,394	474,005	540,449	567,379	422,849	402,510	508,327	553,455	781,352	781,352	666,077	551,268	297,949	311,299	328,861
`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,098	1,098
`45`	686,894	-	-	-	485,346	-	-	49,313	27,279	199,722	126,880	136,442	186,969	237,411	237,411	148,370	136,425	99,976	113,139	118,025
`450/3`	686,894	-	-	-	485,346	-	-	49,313	27,279	130,533	87,664	65,604	110,273	176,572	176,572	109,452	101,332	78,868	74,724	77,758
`454/9`	-	-	-	-	-	-	-	-	-	69,189	39,216	70,838	76,696	60,839	60,839	38,918	35,093	21,108	38,415	40,267
`47/48`	1.1m	75,000	125,000	75,000	-	-	-	-	75,000	-	-	8,233	-	-	-	-	-	-	-	-
`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,278	-	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	317	-	-	123	123	-	-	444	-	-
`9900`	1.1m	1.0m	1.1m	1.2m	1.2m	1.2m	788,205	714,308	569,114	724,439	728,163	503,506	597,148	461,569	461,569	339,375	379,264	266,570	220,309	207,132
`62`	544,039	525,810	532,887	611,082	625,496	479,702	445,960	510,216	472,018	458,210	388,226	366,814	302,655	276,497	276,497	221,303	232,340	183,752	177,308	153,303
`630`	232,945	-	0	39,854	30,340	39,854	-	4,757	8,259	12,257	5,253	7,004	7,004	1,018	1,018	4,787	34,534	4,787	3,875	7,894
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	11,298	11,298	32,376	-	-	-	-
`640/8`	9,937	9,156	10,462	9,337	7,970	8,540	6,712	12,773	290	1,867	670	2,446	6,183	9,191	9,191	3,730	1,976	562	9,078	3,375
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	349	-
`9901`	288,656	514,691	550,589	499,039	507,365	636,344	335,532	186,562	88,548	252,105	334,014	127,242	281,306	163,565	163,565	77,179	110,414	77,469	30,048	42,560
`75/76B`	48,818	62,114	13,644	11,059	-	-	20,966	24,183	28,487	23,338	23,151	18,918	14,551	8,440	8,440	7,435	1,807	113	5,071	1,647
`75`	48,818	62,114	13,644	11,059	-	-	20,966	24,183	28,487	23,338	23,151	18,918	14,551	8,440	8,440	7,435	1,807	113	5,071	1,647
`65/66B`	38,152	39,417	35,540	46,383	45,146	42,219	49,751	37,155	46,157	51,022	53,303	46,421	43,001	52,811	52,811	38,181	80,549	52,324	32,911	33,580
`65`	38,152	39,417	35,540	46,383	45,146	42,219	49,751	37,155	46,157	51,022	53,303	46,421	43,001	52,811	52,811	38,181	80,549	52,324	32,911	33,580
`9903`	299,323	537,388	528,693	463,714	462,218	594,126	306,747	173,589	70,878	224,421	304,179	99,739	252,856	119,317	119,317	46,433	31,672	25,702	1,859	10,627
`67/77`	144,163	125,000	105,290	110,000	-	132,668	-	36,720	-	50,874	89,258	45,000	208,519	35,000	35,000	12,937	-	-	-	-
`9904`	155,160	412,388	423,402	353,714	462,218	461,458	306,747	136,869	70,878	173,547	214,921	54,739	44,337	84,317	84,317	33,496	31,672	25,702	1,859	10,627
`789`	-	-	-	53,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	210,500	210,500	210,500	147,350	-	210,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	-55,340	201,888	212,902	259,764	462,218	250,958	306,747	136,869	70,878	173,547	214,921	54,739	44,337	84,317	84,317	33,496	31,672	25,702	1,859	10,627
Appropriation of the result
`9906`	2.3m	2.3m	2.1m	1.9m	2.1m	1.6m	1.5m	1.2m	1.1m	999,952	826,406	611,485	556,746	168,120	168,120	83,803	50,307	18,635	-7,067	-8,926
`14P`	2.3m	2.1m	1.9m	1.7m	1.6m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	53,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`6921`	-	-	-	53,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	1.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	1.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	6.3	5	5	-	5	5.7	5.8	5.3	4.8	4.8	3	3	3	4	3	3	3
Hours worked`1013`	-	-	-	9,063	-	-	-	-	9,176	9,599	8,762	7,105	6,876	6,543	6,543	5,869	6,300	5,722	6,500	4,400
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 27 older financial years (1977-2004) were filed as documents without figures as data, scans for example.

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 23-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	23-05-2026	2026-00119296	PDF
31-12-2024	micro format	14-01-2026	2026-00007611	PDF
31-12-2023	micro format	30-08-2024	2024-00413906	PDF
31-12-2022	micro format	07-10-2023	2023-00474867	PDF
31-12-2021	abbreviated format	15-09-2022	2022-20429568	PDF
31-12-2020	abbreviated format	31-08-2021	2021-61300446	PDF
31-12-2019	abbreviated format	03-07-2020	2020-25900114	PDF
31-12-2018	abbreviated format	31-07-2019	2019-41700124	PDF
31-12-2017	abbreviated format	21-07-2018	2018-37800396	PDF
31-12-2016	abbreviated format	31-07-2017	2017-39300303	PDF
31-12-2015	abbreviated format	31-07-2016	2016-38900541	PDF
31-12-2014	abbreviated format	09-07-2015	2015-29100141	PDF
31-12-2013	abbreviated format	01-07-2014	2014-25300097	PDF
31-12-2012	abbreviated format	31-08-2013	2013-57300093	PDF
31-12-2011	abbreviated format	30-07-2012	2012-36600538	PDF
31-12-2010	abbreviated format	29-07-2011	2011-36600515	PDF
31-12-2009	abbreviated format	11-08-2010	2010-40400181	PDF
31-12-2008	abbreviated format	21-09-2009	2009-76700238	PDF
31-12-2007	abbreviated format	26-01-2009	2009-02200011	PDF
31-12-2006	abbreviated format	14-11-2007	2007-80300143	PDF
30-06-2004	abbreviated format	20-04-2005	2005-12400836	PDF
30-06-2003	abbreviated format	24-05-2004	2004-16204571	PDF
30-06-2002	abbreviated format	31-07-2003	2003-58203314	PDF
30-06-2001	abbreviated format	28-05-2002	2002-14704943	PDF
30-06-2000	abbreviated format	01-02-2001	2001-03300789	PDF
30-06-1999	abbreviated format	17-05-2000	2000-13600641	PDF
30-06-1998	abbreviated format	26-03-1999	1999-06101109	PDF
30-06-1997	abbreviated format	13-01-1999	1999-00804550	PDF
30-06-1996	abbreviated format	19-03-1997	1997-03801827	PDF
30-06-1995	abbreviated format	17-06-1996	1996-17202693	PDF
30-06-1994	abbreviated format	04-04-1995	1995-05105210	PDF
31-12-1992	abbreviated format	19-10-1993	1993-40405386	PDF
31-12-1991	abbreviated format	01-12-1992	1992-39304539	PDF
31-12-1990	abbreviated format	30-08-1991	1991-23802969	PDF
31-12-1989	abbreviated format	10-10-1990	1990-25800668	PDF
31-12-1988	abbreviated format	06-09-1989	1989-21701631	PDF
31-12-1987	abbreviated format	11-10-1988	1988-21903703	PDF
31-12-1986	abbreviated format	23-10-1987	1987-23700707	PDF
31-12-1985	abbreviated format	14-10-1986	1986-41000887	PDF
31-12-1984	full format	15-10-1985	1985-35800478	PDF
31-12-1983	unclassified schema	09-10-1984	1984-13801826	PDF
31-12-1982	unclassified schema	22-07-1983	1983-10101415	PDF
31-12-1981	unclassified schema	03-09-1982	1982-11500213	PDF
31-12-1980	unclassified schema	30-09-1981	1981-11502318	PDF
31-12-1979	unclassified schema	19-08-1980	1980-10401886	PDF
31-12-1978	unclassified schema	13-07-1979	1979-08702107	PDF
31-12-1977	unclassified schema	25-08-1978	1978-06700819	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
521,601	-	550,589	538,892	537,705	676,198	-	191,318	96,806	264,362	339,267	134,246	288,310	164,583	164,583	81,966	144,948	82,256	33,923	50,454
388,105	-	423,402	393,568	492,558	501,312	-	141,626	79,137	185,804	220,174	61,743	51,341	85,335	85,335	38,283	66,206	30,489	5,734	18,521
1.7m	-	0	-31,356	21,842	33,892	-	285,000	23,784	102,000	0	-1	35,021	1,018	0	0	29,747	3,754	18,481	-
-499,384	152,656	302,773	-1.4m	2.0m	77,294	158,714	-353,529	381,477	-120,714	122,530	-19,824	-	-	-	-	-	-	-	-
683,593	3.3m	3.0m	2.5m	2.4m	1.9m	1.5m	1.2m	1.1m	1.0m	976,845	773,530	731,382	413,461	413,461	312,918	253,213	152,841	144,918	133,241
46.6%	84.6%	80.1%	77.8%	60.7%	68.8%	67.7%	59.3%	63.5%	63.5%	62.6%	51.3%	45.9%	20.4%	20.4%	18.2%	17.2%	25.4%	19.3%	20.2%
1.32	7.22	6.25	5.58	2.75	3.86	4.07	2.96	2.63	2.68	2.85	2.18	1.99	1.38	1.38	1.34	1.29	1.34	1.27	1.25
1.16	6.47	5.56	4.93	2.50	3.39	3.49	2.50	2.31	2.35	2.47	1.94	1.83	1.27	1.27	1.24	1.19	1.15	1.02	0.96
1.05	0.18	0.25	0.29	0.65	0.45	0.48	0.69	0.57	0.58	0.60	0.95	1.18	3.89	3.89	4.23	4.68	2.93	4.19	3.96
7.0%	11.8%	13.8%	13.3%	18.3%	22.4%	18.5%	10.1%	5.8%	15.1%	22.1%	7.2%	6.3%	26.7%	26.7%	14.5%	16.0%	15.5%	1.3%	7.7%
3.3%	10.0%	11.0%	10.4%	11.1%	15.4%	12.5%	6.0%	3.7%	9.6%	13.8%	3.7%	2.9%	5.5%	5.5%	2.6%	2.7%	3.9%	0.3%	1.5%
13.67	-	15.49	11.62	11.91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2022
Employees at the balance-sheet date	8
full-time	7
part-time	1
in full-time equivalents	7.1
	6.3
On a permanent contract	8
Joined	1
Left	0

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€81,472	-	-	-	-
Financial fixed assets	€1.6m	-	-	-	-
	€232,945	-	€0	€39,854	€30,340

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CODERA

The operating result for 2025 is 44% lower than in 2024 and the lowest since 2018. It is the second fall in a row.

Debt's share of the balance-sheet total rises from 15.4% to 49.1%. Equity is lower and debt is higher.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency46.6%

Current ratio1.32

Return on assets3.3%

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CODERA

Next steps

in €m

in €m

46.6%

1.32

3.3%