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CODERA

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

Lifetime

20 annual accounts with figures on one time axis, 47 filings since 1977
peak €1.2m (2021)
€1.1m▲ 2.5%
peak €462,218 (2021)
€155,160▼ 62.4%
peak €3.5m (2024)
€2.2m▼ 36.5%
€2.3m▲ 268%
peak 5.8 FTE (2016)
-not published
Board1 name since 2021
1 directorCOVEMAEKER Joseph
Documentsfilings and deeds
23-05-202669 days before the deadline
2025micro format
Result from €412,388 to €155,160Dividend €1.4mEquity from €3.5m to €2.2mDebts from €633,915 to €2.3mInvestments €1.9mCash from €1.4m to €865,791

Key points

from the 2025 annual accounts

Equity

€2.2m ▼ 36.5%
3.52024+0.2Profit-1.4Dividend2.22025

CODERA paid out €1.4m in dividends. That is 921% of the 2025 profit.

Result

€155,160 ▼ 62.4%
€412,0002024€155,0002025

The result fell in 2025 from €412,388 to €155,160.

Debts

€2.3m ▲ 268%
Other debts
+1.0
Financial debts
+0.1
The rest
+0.6

Debts rose by €1.7m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Liquidity

1.32 was 7.22 in 2024

Short-term debts rose from €528,219 to €2.1m.

Filings

47 annual accounts since 1977
AprilJune31 JulyOctober1980199520102025

Five of the last ten came late. The 2024 accounts came latest: 167 days after the end of the period.

Position in the sector

€155,160

Higher net result than 95% of companies in wholesale trade. Sector median €5,616 · 13,806 companies.

Checked score

94
Excellent
Financially stronger than 48% of small companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.2%▲ +0.1 percentage points vs 11-2025 01-2026: 0.4%▲ +0.2 percentage points vs 12-2025highest value 02-2026: 0.1%▼ -0.3 percentage points vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: < 0.1%▼ -0.1 percentage points vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

72-28equity 46.6% of total assets
51-39short-term debt 44.9% · cash 18.2%
73+10return on assets 3.3%

Score breakdown

raises risk
1 of the last 3 accounts late
lowers risk
Size: total assets €4.8m
Founded in 1976
Figures for financial year 2025 (filed on 24-05-2026)
Calculation

The band follows from the bankruptcy probability. 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 46, small). It does better than 54% of them on solvency, 65% on liquidity, 67% on profitability and 7% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as CODERA has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CODERA itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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%

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 14,766 companies, not a prediction for CODERA. 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

Credit of up to €200,000 on 30-day terms is acceptable

Liquidity is tight, with a current ratio of 1.32 (7.22 in 2024), below the usual 1.5. Short-term debt is 44.9% and cash 18.2% of total assets. 53.4% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €4.8m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1976
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 1 of the last 3 accounts late
NBB · filings
lowers risk · Figures for financial year 2025 (filed on 24-05-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-05-2026, 69 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
69 days early
2024
167 days late
2023
30 days late
2022
68 days late
2021
46 days late
2020
31 days late
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 35 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 September (4 of the last 5 accounts filed within 115 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

CJ
COVEMAEKER Joseph
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0416664785
Environmental permit granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Waregem
Change of role: COVEMAEKER Joseph, from statutory manager to statutory director “handel in voedingsmiddelen” (deed in Dutch) · Director discharge: COVEMAEKER Joseph · Gazette deed
First establishment CODERA BVBA, Haantjesstraat 8, Waregem
All 60 events

Comparable companies

same main activity, similar in size and age
Company
CODERA Waregem €4.8m €1.1m 46.6% -
ETRAMO Wijnegem €6.3m €1.0m 70.7% 7
PLASTIBAC Kuurne €3.9m €0.8m 50.5% 4.8
CROIX CHATELAIN Brussels €3.9m €0.9m 88.2% 16.5
De Varomarkt Mol €4.8m €0.9m 91.4% 4.3
GALAND EMBALLAGES Aywaille €2.7m €1.2m 59.2% 9.9
INTERNI FILM Heist-op-den-Berg €4.7m €1.6m 47.1% 14.6

These companies have the same main activity as CODERA: non-specialised wholesale trade (NACE 46900). They are comparable in size and age: total assets between €2.7m and €6.3m, founded between 1977 and 1984.

Official details

Source: KBO
Status
Active since 31-12-1976Normal situation
Activity
Non-specialised wholesale tradeNACE 46900and 3 others
Establishment unit
2.013.046.4438790 Waregem, since 01-01-1977
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Annual accounts 2025

€1.1m▲ 2.5%
≈ €4.5mestimated
€155,160▼ 62.4%
€2.2m▼ 36.5%
€4.8m▲ 15.4%
≈ 7.5 FTEestimated
Filing
Filed on 23-05-2026, 69 days before the end of the filing period
Financials

Insights on CODERA

CODERA files the micro format. That format states no turnover. The gross margin rose from €207,132 in 2006 to €1.1m in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

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

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 Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 4.8m4.1m3.8m3.4m4.2m3.0m2.5m2.3m1.9m1.8m1.6m1.5m1.5m1.5m1.5m1.3m1.2m652,392727,215685,843
21/28 1.9m307,738307,738307,738378,948387,446436,633436,633156,389138,30548,56253,81560,82032,80332,80333,82138,60843,39544,42829,822
22/27 260,432205,738205,738205,738276,948285,446334,633334,63354,38936,30548,56253,81560,82032,80332,80333,82138,60843,39544,42829,822
22 195,630195,630195,630195,630247,813256,311320,362320,36235,36232,80332,80332,80332,80332,80332,80332,80332,80332,80344,42829,822
23 --------03,50215,75921,01228,017-------
24 64,80110,10810,10810,10829,13529,13514,27014,27019,027------1,0185,80510,592--
28 1.7m102,000102,000102,000102,000102,000102,000102,000102,000102,000----------
29/58 2.8m3.8m3.5m3.1m3.8m2.6m2.0m1.8m1.8m1.7m1.5m1.4m1.5m1.5m1.5m1.2m1.1m608,997682,787656,021
29 21,84221,84221,84221,842-21,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,842
290 21,842---------------21,84221,84221,84221,842
291 -21,84221,84221,842-21,84221,84221,84221,84221,84221,84221,84221,84221,84221,84221,842----
3 344,012398,414389,670361,320345,694321,361285,844285,844214,107205,332196,605157,432119,241114,325114,32590,17886,23586,235134,715152,144
30/36 344,012398,414389,670361,320345,694321,361285,844285,844214,107205,332196,605157,432119,241114,325114,32590,17886,23586,235134,715152,144
40/41 680,1211.1m1.0m943,6501.1m1.2m933,2821.5m1.1m1.0m1.1m995,0841.3m1.4m1.4m1.1m1.0m500,920526,230461,806
40 680,1211.1m1.0m943,6501.1m1.2m933,2821.0m1.1m1.0m1.1m995,0841.3m1.4m1.4m1.1m941,235433,759460,111369,541
41 -------443,168-----15,04315,04314,24364,11267,16166,11992,265
54/58 865,7911.4m1.2m909,7472.3m304,357227,06368,349421,87840,401161,11538,58558,409-------
490/1 905,860905,860904,888864,647-803,096550,777-3,342364,207-213,589-9,2679,267----20,229
Balance sheet: equity and liabilities
10/49 4.8m4.1m3.8m3.4m4.2m3.0m2.5m2.3m1.9m1.8m1.6m1.5m1.5m1.5m1.5m1.3m1.2m652,392727,215685,843
10/15 2.2m3.5m3.1m2.7m2.5m2.1m1.7m1.4m1.2m1.1m973,707758,786704,047315,421315,421231,104197,608165,936140,234138,375
10/11 136,341136,341136,341136,341123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947
10 ----123,947---------------
100 ----123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947123,947
13 1.3m1.0m834,176623,676338,694338,69423,35423,35423,35423,35423,35423,35423,35423,35423,35423,35423,35423,35423,35423,354
130/1 ----12,39512,395--------------
130 ----12,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,395
132 1.2m989,350778,850568,350324,373324,3739,0339,0339,0339,0339,0339,0339,0339,0339,0339,0339,0339,0339,0339,033
133 55,32655,32655,32655,3261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,9261,926
14 823,1812.3m2.1m1.9m2.1m1.6m1.5m1.2m1.1m999,952826,406611,485556,746168,120168,12083,80350,30718,635-7,067-8,926
16 206,167--------------62,12429,747---
160/5 206,167--------------62,12429,747---
162 206,167-------------------
17/49 2.3m633,915765,468756,6251.6m935,066793,693930,151698,906659,823581,090721,561828,5791.2m1.2m977,769924,677486,456586,981547,468
17 200,695105,695200,069200,695258,672258,672297,386305,39029,24837,25251,70068,55988,155130,843130,84353,51150,18830,30049,11224,688
170/4 200,695105,695200,069200,695258,672258,672297,386305,39029,24837,25251,70068,55988,155130,843130,84353,51150,18830,30049,11224,688
42/48 2.1m528,219565,400555,9301.4m676,394496,308624,762669,658622,571529,390653,002740,4241.1m1.1m924,258860,211456,156537,869522,780
42 -----022,30235,000----------1,02613,267
43 -------------78,93578,935109,811172,51858,231111,30761,529
430/8 -------------78,93578,935109,811172,51858,231111,30761,529
44 372,139453,219440,400480,930891,731676,394474,005540,449567,379422,849402,510508,327553,455781,352781,352666,077551,268297,949311,299328,861
440/4 372,139453,219440,400480,930891,731676,394474,005540,449567,379422,849402,510508,327553,455781,352781,352666,077551,268297,949311,299328,861
46 ------------------1,0981,098
45 686,894---485,346--49,31327,279199,722126,880136,442186,969237,411237,411148,370136,42599,976113,139118,025
450/3 686,894---485,346--49,31327,279130,53387,66465,604110,273176,572176,572109,452101,33278,86874,72477,758
454/9 ---------69,18939,21670,83876,69660,83960,83938,91835,09321,10838,41540,267
47/48 1.1m75,000125,00075,000----75,000--8,233--------
492/3 ----------------14,278---
Income statement
76A ----------317--123123--444--
9900 1.1m1.0m1.1m1.2m1.2m1.2m788,205714,308569,114724,439728,163503,506597,148461,569461,569339,375379,264266,570220,309207,132
62 544,039525,810532,887611,082625,496479,702445,960510,216472,018458,210388,226366,814302,655276,497276,497221,303232,340183,752177,308153,303
630 232,945-039,85430,34039,854-4,7578,25912,2575,2537,0047,0041,0181,0184,78734,5344,7873,8757,894
635/8 -------------11,29811,29832,376----
640/8 9,9379,15610,4629,3377,9708,5406,71212,7732901,8676702,4466,1839,1919,1913,7301,9765629,0783,375
66A ------------------349-
9901 288,656514,691550,589499,039507,365636,344335,532186,56288,548252,105334,014127,242281,306163,565163,56577,179110,41477,46930,04842,560
75/76B 48,81862,11413,64411,059--20,96624,18328,48723,33823,15118,91814,5518,4408,4407,4351,8071135,0711,647
75 48,81862,11413,64411,059--20,96624,18328,48723,33823,15118,91814,5518,4408,4407,4351,8071135,0711,647
65/66B 38,15239,41735,54046,38345,14642,21949,75137,15546,15751,02253,30346,42143,00152,81152,81138,18180,54952,32432,91133,580
65 38,15239,41735,54046,38345,14642,21949,75137,15546,15751,02253,30346,42143,00152,81152,81138,18180,54952,32432,91133,580
9903 299,323537,388528,693463,714462,218594,126306,747173,58970,878224,421304,17999,739252,856119,317119,31746,43331,67225,7021,85910,627
67/77 144,163125,000105,290110,000-132,668-36,720-50,87489,25845,000208,51935,00035,00012,937----
9904 155,160412,388423,402353,714462,218461,458306,747136,86970,878173,547214,92154,73944,33784,31784,31733,49631,67225,7021,85910,627
789 ---53,400----------------
689 210,500210,500210,500147,350-210,500--------------
9905 -55,340201,888212,902259,764462,218250,958306,747136,86970,878173,547214,92154,73944,33784,31784,31733,49631,67225,7021,85910,627
Appropriation of the result
9906 2.3m2.3m2.1m1.9m2.1m1.6m1.5m1.2m1.1m999,952826,406611,485556,746168,120168,12083,80350,30718,635-7,067-8,926
14P 2.3m2.1m1.9m1.7m1.6m---------------
691/2 ---53,400----------------
6921 ---53,400----------------
694/7 1.4m-------------------
694 1.4m-------------------
Social balance sheet
9087 ---6.355-55.75.85.34.84.83334333
Hours worked1013 ---9,063----9,1769,5998,7627,1056,8766,5436,5435,8696,3005,7226,5004,400
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

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
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
521,601-550,589538,892537,705676,198-191,31896,806264,362339,267134,246288,310164,583164,58381,966144,94882,25633,92350,454
388,105-423,402393,568492,558501,312-141,62679,137185,804220,17461,74351,34185,33585,33538,28366,20630,4895,73418,521
1.7m-0-31,35621,84233,892-285,00023,784102,0000-135,0211,0180029,7473,75418,481-
-499,384152,656302,773-1.4m2.0m77,294158,714-353,529381,477-120,714122,530-19,824--------
683,5933.3m3.0m2.5m2.4m1.9m1.5m1.2m1.1m1.0m976,845773,530731,382413,461413,461312,918253,213152,841144,918133,241
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%
1.327.226.255.582.753.864.072.962.632.682.852.181.991.381.381.341.291.341.271.25
1.166.475.564.932.503.393.492.502.312.352.471.941.831.271.271.241.191.151.020.96
1.050.180.250.290.650.450.480.690.570.580.600.951.183.893.894.234.682.934.193.96
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%
13.67-15.4911.6211.91---------------

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

Item31-12-2022
Employees at the balance-sheet date8
full-time7
part-time1
in full-time equivalents7.1
6.3
On a permanent contract8
Joined1
Left0

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
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.

Board & ownership

Board

1 director, no change since 2024
COVEMAEKER Joseph
Statutory director
appointed by deed of 14-02-2024 term without a fixed end
earlier statutory manager, until 14-02-2024
listed in the 2023 annual accounts, filed on 30-08-2024
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 14-02-2024

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
COVEMAEKER Joseph
Statutory director
BoardEarliermandate already running before its first mention
Mandates as a list
  • COVEMAEKER Joseph
    • Statutory director, since before 31-12-2021
    • Statutory manager, until 14-02-2024

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€136,341.44
Source
2025 annual accounts

Articles of association

deed of 14-02-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 14:00
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…”

Network & group

No group

CODERA has no parent and no holdings in its annual accounts. COVEMAEKER Joseph is the only director. CODERA shares no director with another company.

Timeline

Timeline

60 events since 1976

Deadline for the 2026 accounts: 31-07-2027

2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0416664785
Annual accounts 2025 filed PDFmicro format · 69 days before the deadline
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Waregem
Annual accounts 2024 filed PDFmicro format · 167 days late
2024
Annual accounts 2023 filed PDFmicro format · 30 days late
Change of role: COVEMAEKER Joseph, from statutory manager to statutory director“handel in voedingsmiddelen” (deed in Dutch) · Director discharge: COVEMAEKER Joseph6 points ▸
  • Director resignation, COVEMAEKER Joseph (statutory manager)
  • Director discharge, COVEMAEKER Joseph
  • Director appointment, COVEMAEKER Joseph (statutory director)
  • Purpose change, “handel in voedingsmiddelen” (deed in Dutch)
  • 5,000 shares
  • Registered office clause, Haantjesstraat 8, 8790 Waregem
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFmicro format · 68 days late
2022
Liquidity doubles current ratio 5.58 The current ratio rises from 2.75 to 5.58. Short-term debt falls from €1.4m to €555,930.
Annual accounts 2021 filed PDFabbreviated format · 46 days late
2021
Highest result from 2006 to 2025 net €462,218 ▲0.2% The net result of €462,218 is the highest of those years.
Annual accounts 2020 filed PDFabbreviated format · 31 days late
2020
Equity above €2m equity €2.1m ▲24.2% With a profit in every financial year since 2006, equity grows to €2.1m.
Annual accounts 2019 filed PDFabbreviated format · 28 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · on the deadline day
2018
Annual accounts 2017 filed PDFabbreviated format · 10 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · on the deadline day
2016
Equity above €1m equity €1.1m ▲17.8% With a profit in every financial year since 2006, equity grows to €1.1m.
Annual accounts 2015 filed PDFabbreviated format · on the deadline day
2015
Annual accounts 2014 filed PDFabbreviated format · 22 days before the deadline
2014
Annual accounts 2013 filed PDFabbreviated format · 30 days before the deadline
2013
Equity above €500,000 equity €704,047 ▲123% With a profit in every financial year since 2006, equity grows to €704,047.
Annual accounts 2012 filed PDFabbreviated format · 31 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 1 day before the deadline
2011
Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline
2010
Equity above €200,000 equity €231,104 ▲17% With a profit in every financial year since 2006, equity grows to €231,104.
Annual accounts 2009 filed PDFabbreviated format · 11 days late
2009
Annual accounts 2008 filed PDFabbreviated format · 52 days late
Annual accounts 2007 filed PDFabbreviated format · 179 days late
2008
Equity above €150,000 equity €165,936 ▲18.3% With a profit in every financial year since 2006, equity grows to €165,936.
2007
Weakest financial year net €1,859 ▼82.5% The net result drops to €1,859, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2006 filed PDFabbreviated format · 106 days late
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
1996
Annual accounts 1995 filed PDFabbreviated format
1995
Annual accounts 1994 filed PDFabbreviated format
1993
Annual accounts 1992 filed PDFabbreviated format
1992
Annual accounts 1991 filed PDFabbreviated format
1991
Annual accounts 1990 filed PDFabbreviated format
1990
Annual accounts 1989 filed PDFabbreviated format
1989
Annual accounts 1988 filed PDFabbreviated format
1988
Annual accounts 1987 filed PDFabbreviated format
1987
Annual accounts 1986 filed PDFabbreviated format
1986
Annual accounts 1985 filed PDFabbreviated format
1985
Annual accounts 1984 filed PDFfull format
1984
Annual accounts 1983 filed PDFunclassified schema
1983
Annual accounts 1982 filed PDFunclassified schema
1982
Annual accounts 1981 filed PDFunclassified schema
1981
Annual accounts 1980 filed PDFunclassified schema
1980
Annual accounts 1979 filed PDFunclassified schema
1979
Annual accounts 1978 filed PDFunclassified schema
1978
Annual accounts 1977 filed PDFunclassified schema
1977
First establishment CODERA BVBA, Haantjesstraat 8, Waregem
1976
Incorporation KBO

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CODERA was incorporated on 31 December 1976.1 COVEMAEKER Joseph is statutory director of the company, appointed by deed of 14-02-2024.2 Total assets rose from €2.3m in 2018 to €4.8m in 2025 and headcount from 5 full-time equivalents in 2018 to 6.3 in 2022.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-02-2024
  3. 3National Bank, annual accounts 2018, 2022 and 2025

Company details

Identity

Enterprise number
0416.664.785
VAT number
BE 0416.664.785
Peppol ID
0208:0416664785
LEI code
875500BW8QCVWY7FA366 no longer live in the LEI register
Legal form
Private limited company
Status
Active, normal situation
Founded
31-12-1976
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of May at 14:00
deed of 14-02-2024 (in Dutch)
Peppol
Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CODERA in Dutch
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 14-02-2024 (in Dutch)

Activities

NACEBEL 2025
VAT activities
46900 Non-specialised wholesale trade main activity
47521 Retail sale of hardware, building materials, paint and glass (general range)
Social security (RSZ) activities
46431 Wholesale of electrical household appliances and audio-video equipment main activity
46494 Wholesale of non-electrical household articles main activity
Codes under NACEBEL 2008
VAT activities
46900 Non-specialised wholesale trade main activity
47521 Retail trade
Social security (RSZ) activities
46494 Wholesale of non-electrical household articles main activity
Codes under NACEBEL 2003
51900 main activity
52461
PurposeThe purpose describes the activities the company may carry out under its articles.
“Import,export,groot-en kleinhandel,agenturen,van alle materialen voor verwarming,verluchting,luchtconditionering en isolatie van…”
3 activities
  1. Import,export,groot-en kleinhandel,agenturen,van alle materialen voor verwarming,verluchting,luchtconditionering en isolatie van woningen,gebouwen;constructies zowel in de private als in de openbare sector,huishoudelijke artikelen,toestellen en onderdelen daarvan
  2. Handel in voedingsmiddelen
  3. Groot-en kleinhandel in sanitaire apparaten en artikelen;ijzerwaren en ijzerwerk,blikwaren,en huishoudartikelen,materiaal voor ondernemers(geen machines),electrische apparaten,verlichtingsartikelen en van het radio-elektrisch materiaal,en artikels voor huishouding en verluchting
deed of 14-02-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
CODERA BVBA registered office Haantjesstraat 8, 8790 Waregem 4643101 Wholesale of electrical household appliances and audio-video equipment 01-01-1977 2.013.046.443 Wholesaler of packaging material

Buildings and parcels at the address

Ground area
129 m²
Buildings
129 m²
Volume, LiDAR
348 m³
Tallest building
2.8 m
Buildings to scale, each on its own parcel
128 m², 2.8 m 128 m², 2.8 m

Environmental permits

2 applications in Flanders since 2025 · 1 granted
20-05-2026 Granted Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 07-04-2026 · project 2026047340 Waregem
06-02-2026 Discontinued Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 12-12-2025 · project 2025111733 Waregem

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
34040C0036/00L006128 m² 1 · 128 m² 2.8 m · 1

Recognitions

Food safety, FASFC

1 site
Waregemunit number 2.013.046.443
1 permission
Wholesaler of packaging material · since 27-05-2020

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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