Turnover
≈ €84,000 estimated
The micro format states no turnover.
CODESC
Overview
Lifetime
2 annual accounts with figures on one time axispeak €18,151 (2024)
€6,960▼ 61.7%
peak €10,523 (2024)
€2,997▼ 71.5%
peak €14,520 (2025)
€14,520▲ 26.0%
€18,095▼ 5.1%
Board1 name since 2023
1 directorDE SCHEPPER Colin Cedric Yves
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €18,151 to €6,960Result from €10,523 to €2,997Equity from €11,523 to €14,520Investments €6,900
Key points
from the 2025 annual accountsInvestments
€6,900 4.7 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.98 was 1.54 in 2024
Short-term debts fell from €18,402 to €12,569.
2025 accounts filed 30 days after the deadline
Checked score
40
Weak
Financially stronger than 63% of micro companies in construction of buildings (NACE 41)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 4.6%
01-2025: 4.6%● unchanged vs 12-2024
02-2025: 5.0%▲ +0.4 percentage points vs 01-2025
03-2025: 4.8%▼ -0.2 percentage points vs 02-2025
04-2025: 4.8%● unchanged vs 03-2025
05-2025: 5.1%▲ +0.3 percentage points vs 04-2025
06-2025: 5.3%▲ +0.2 percentage points vs 05-2025
07-2025: 5.3%● unchanged vs 06-2025highest value
08-2025: 5.3%● unchanged vs 07-2025highest value
09-2025: 5.3%● unchanged vs 08-2025highest value
10-2025: 2.0%▼ -3.3 percentage points vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 2.0%● unchanged vs 01-2026lowest value
03-2026: 2.0%● unchanged vs 02-2026
04-2026: 2.1%▲ +0.1 percentage points vs 03-2026
05-2026: 2.1%● unchanged vs 04-2026
06-2026: 2.1%● unchanged vs 05-2026
07-2026: 2.3%▲ +0.2 percentage points vs 06-2026
08-2026: 3.0%▲ +0.7 percentage points vs 07-2026
09-2026: 4.9%▲ +1.9 percentage points vs 08-2026
10-2026: 5.0%▲ +0.1 percentage points vs 09-2026
11-2026: 5.0%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
Sector: Construction of residential and non-residential buildings (NACE 41)
Liquidity: current ratio 1.98
Size: total assets €32,615
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 41, micro). It does better than 52% of them on solvency, 69% on liquidity, 61% on profitability and 69% 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 elevated class on 30-06-2025, 6.3% 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, 39,278 companies had the same profile as CODESC has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CODESC itself is higher: 5.0% within 12 months. It rests on far more data about CODESC than the profile alone.
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.
| 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 39,278 companies, not a prediction for CODESC. 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 €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 1.98 (1.54 in 2024), above the usual 1.5. Short-term debt is 38.5% of total assets. However, 55.5% 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.
raises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
30 days late
2024
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 29 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803092989
Incorporation
Founding capital of €1,000, 100 shares · Founder: DE SCHEPPER Colin Cedric Yves · Appointment: DE SCHEPPER Colin Cedric Yves (director) · published on 27-06-2023 · Gazette deed
First establishment
Hof ter Eeken 12, Merelbeke-Melle
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODESC Merelbeke-Melle | €32,615 | €6,960 | 44.5% | - |
| PELS CONSTRUCT Aalst | €32,715 | €8,400 | 23.9% | - |
| Valen Solutions Deinze | €30,146 | €7,117 | 82.8% | - |
| G-Infra Zele | €30,230 | €5,427 | 31.9% | - |
| Miralli Group Riemst | €33,662 | €6,928 | 20.1% | - |
| GDM Construct Zaventem | €33,238 | €7,245 | 35.0% | - |
| Van Olmen Johny Tessenderlo-Ham | €31,322 | €6,985 | 80.6% | - |
These companies have the same main activity as CODESC: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €30,100 and €33,700, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 23-06-2023Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 8 others
- Establishment unit
- 2.347.751.4759090 Merelbeke-Melle, since 23-06-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Annual accounts 2025
- €6,960▼ 61.7%
- €2,997▼ 71.5%
- €14,520▲ 26.0%
- €32,615▲ 6.6%
- Filing
- Filed on 30-08-2026
Insights on CODESC
The computed 12-month bankruptcy probability of CODESC is 5.0% (elevated). The 2025 annual accounts show equity of €14,520 and a net result of €2,997.
Its solvency ranks better than 52% of 9,456 sector peers (NACE 41, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-08-2026, 30 days late€6,960
▼ 61.7%
€4,926
▼ 68.7%
€2,997
▼ 71.5%
€12,304
▲ 24.5%
44.5%
▲ 6.9 percentage points
1.98
▲ 0.44
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €84,000. Estimated: probably between €43,000 and €150,000.
Balance sheet
balance sheet total €32,615 on 31-12-2025What the company ownsHow it is paid for
in euro
Position in the sector
44.5%
Higher than 52% of 9,456 companies in 2025.
1.98
Higher than 57% of 9,204 companies in 2025.
9.2%
Higher than 56% of 9,276 companies in 2025.
CODESC
Middle half of the sector
80% of the sector
Micro accounts in construction of buildings (NACE 41)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
32,615 | 30,591 | |
21/28 |
7,742 | 2,303 | |
22/27 |
7,742 | 2,303 | |
23 |
152 | 414 | |
24 |
7,590 | 1,890 | |
29/58 |
24,873 | 28,288 | |
40/41 |
24,873 | 20,875 | |
40 |
10,103 | 14,466 | |
41 |
14,771 | 6,409 | |
54/58 |
- | 7,412 | |
| Balance sheet: equity and liabilities | |||
10/49 |
32,615 | 30,591 | |
10/15 |
14,520 | 11,523 | |
10/11 |
1,000 | 1,000 | |
13 |
13,520 | 10,523 | |
133 |
13,520 | 10,523 | |
17/49 |
18,095 | 19,068 | |
17 |
5,526 | 666 | |
170/4 |
5,526 | 666 | |
42/48 |
12,569 | 18,402 | |
42 |
2,555 | 692 | |
43 |
3,573 | - | |
430/8 |
3,573 | - | |
44 |
423 | 6,220 | |
440/4 |
423 | 6,220 | |
45 |
6,018 | 11,489 | |
450/3 |
6,018 | 9,564 | |
454/9 |
- | 1,925 | |
| Income statement | |||
9900 |
6,960 | 18,151 | |
630 |
1,461 | 925 | |
640/8 |
573 | 1,514 | |
9901 |
4,926 | 15,713 | |
75/76B |
48 | 16 | |
75 |
48 | 16 | |
65/66B |
416 | 489 | |
65 |
416 | 489 | |
9903 |
4,558 | 15,240 | |
67/77 |
1,561 | 4,717 | |
9904 |
2,997 | 10,523 | |
9905 |
2,997 | 10,523 | |
| Appropriation of the result | |||
9906 |
2,997 | 10,523 | |
691/2 |
2,997 | 10,523 | |
6921 |
2,997 | 10,523 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497895.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 6,387 | 16,638 | ||
| 4,458 | 11,448 | ||
| 6,900 | 3,228 | ||
| 12,304 | 9,886 | ||
| 44.5% | 37.7% | ||
| 1.98 | 1.54 | ||
| 1.25 | 1.65 | ||
| 20.6% | 91.3% | ||
| 9.2% | 34.4% | ||
| 15.35 | 34.05 |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €6,900 | €3,228 |
| €1,461 | €925 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on CODESC
The operating result for 2025 is 69% lower than in 2024.
Debt's share of the balance-sheet total falls from 62.3% to 55.5%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, since incorporationDirector
appointed by deed of 27-06-2023
term without a fixed end
listed in the 2024 annual accounts, filed on 27-08-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”deed of 27-06-2023
Mandates through the years
1 name, the dashed line is todayDE SCHEPPER Colin Cedric Yves
Director
Director
Board
Mandates as a list
- DE SCHEPPER Colin Cedric Yves
- Director, appointed by deed of 27-06-2023, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €145 in 2025
- Source
- deed of 27-06-2023
Articles of association
deed of 27-06-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of June
Shareholders
At incorporation
deed of 27-06-2023 ↗
- DE SCHEPPER Colin Cedric Yves 100 shares (100%) · €1,000 in cash
Network & group
No group
CODESC has no parent and no holdings in its annual accounts. DE SCHEPPER Colin Cedric Yves is the only director. CODESC shares no director with another company.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 30 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0803092989
Annual accounts 2024 filed PDFmicro format · 27 days late
2023
IncorporationFounding capital of €1,000, 100 shares · Founder: DE SCHEPPER Colin Cedric Yves · Appointment: DE SCHEPPER Colin Cedric Yves (director) · published on 27-06-20235 points ▸
- Founder, DE SCHEPPER Colin Cedric Yves
- Founding capital, €1,000, 100 shares
- Registered office clause, Hof ter Eeken 12, 9090 Melle
- Board rule, 1
- Director appointment, DE SCHEPPER Colin Cedric Yves
- The deed holds 10 more points.
First establishment Hof ter Eeken 12, Merelbeke-Melle
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 23 June 2023, CODESC was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 DE SCHEPPER Colin Cedric Yves is director of the company, appointed by deed of 27-06-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0803.092.989
- VAT number
- BE 0803.092.989
- Peppol ID
- 0208:0803092989
- Other Peppol ID
- 9925:BE0803092989
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 23-06-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Saturday of Junedeed of 27-06-2023 (in Dutch)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CODESC in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 27-06-2023 (in Dutch)
- 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 27-06-2023 (in Dutch)
Activities
NACEBEL 202541001
General construction of residential buildings main activity
43230
Insulation installation
43341
Painting of buildings
Codes under NACEBEL 2008
41201
General construction of buildings main activity
22230
Manufacture of rubber and plastic products
43291
Specialised construction activities
43299
Specialised construction activities
43341
Painting of buildings
43995
Specialised construction activities
46731
Wholesale trade
80200
Investigation and security activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Opvolgen van bouwwerven, activiteiten als projectleider; Vervaardiging van deuren, ramen, kozijnen, luiken, jaloeziën, plinten…”deed of 27-06-2023 (in Dutch)
18 activities
- Opvolgen van bouwwerven, activiteiten als projectleider
- Vervaardiging van deuren, ramen, kozijnen, luiken, jaloeziën, plinten, staaflijsten, enz. uit kunststof
- Algemene coördinatiewerkzaamheden bouwwerf
- Overige bouwinstallatie
- Electrotechnische installatiewerken aan gebouwen
- Aanbrengen in gebouwen en andere bouwwerken van : - thermische isolatiemateriaal - isolatiemateriaal tegen geluid en trillingen
- Isolatiewerkwaamheden aan verwarminsleidingen en leidingen van koelsystemen
- Isolatie van koelkamers en pakhuizen
- Schilderen van gebouwen
- Restaureren van bouwwerken
- Groothandel in elektrische huishoudelijke apparaten en audio-en videoapparatuur
- Groothandel in bouwmaterialen, algemeen assortiment
- Detailhandel in overige bouwmaterialen in gespecialiseerde winkels
- Detailhandel in andere huishoudelijke artikelen in gespecialiseerde winkels, n.e.g.
- Uitwerking van projecten op het gebied van klimaatbeheersing, koeltechniek, zuivering en voorkomen van pollutie, akkostoek, enz.
- Testen en analyseren van materialen, producten, installaties, enz. in verband met hun samenstelling, fysische eigenschappen, prestaties en overeenstemming met vooropgestelde normen of met lastenkohier
- Diensten in verband met beveiligingssystemen
- Overige zakelijke dienstverlening, n.e.g.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hof ter Eeken 12 registered office 9090 Merelbeke-Melle 2223001 Manufacture of rubber and plastic products | 23-06-2023 | 2.347.751.475 |
Buildings and parcels at the address
- Ground area
- 328 m²
- Buildings
- 101 m²
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44040B0230/00Y000 | 328 m² | 1 · 101 m² | - |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0803.092.989