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CODESS

Active Private limited companyfounded 2020active for 6 yearsVeeweidestraat 78, 3080 TervurenKBO/BCE: BE 0745.584.659
CODESS
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €285,510 (2025)
€285,510▲ 12.2%
peak €196,542 (2025)
€196,542▲ 22.5%
peak €405,540 (2023)
€340,840▼ 15.5%
€458,688▲ 19.9%
Board2 names since 2020
2 directorsSarah Jacqueline DEMOL and 1 other
Documentsfilings and deeds
06-07-202625 days before the deadline
2025micro format
Gross margin from €254,476 to €285,510Dividend €258,825Equity from €403,124 to €340,840Debts from €382,442 to €458,688Cash from €46,918 to €153,088

Key points

from the 2025 annual accounts

Equity

€340,840 ▼ 15.5%
403,1242024+196,542Profit-258,825Dividend340,8402025

CODESS paid out €258,825 in dividends. That is 132% of the 2025 profit.

Turnover

≈ €410,000 estimated

The micro format states no turnover.

Position in the sector

€196,542

Higher net result than 95% of companies in head offices and management consultancy. Sector median €27,132 · 39,384 companies.

Checked score

92
Excellent
Financially stronger than 39% of micro companies in head offices and management consultancy (NACE 70)
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: 0.1% across 48,570 companies (NACE 70, micro).

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

Financial strength
Strong

68-8equity 42.6% of total assets
44+11short-term debt 57.4% · cash 19.1%
99+5return on assets 24.6%

Score breakdown

lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €799,528
Figures for financial year 2025 (filed on 06-07-2026)
Liquidity: current ratio 0.62, cash €153,088
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 70, micro). It does better than 40% of them on solvency, 24% on liquidity, 68% on profitability and 25% 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, 6,782 companies had the same profile as CODESS has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CODESS 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 6,782 companies, not a prediction for CODESS. 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 €30,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.62 (0.43 in 2024), below 1. Short-term debt is 57.4% and cash 19.1% of total assets. 57.4% 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

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €799,528
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 · Figures for financial year 2025 (filed on 06-07-2026)
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.62, cash €153,088
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
25 days early
2024
99 days early
2023
36 days early
2022
7 days early
2021
29 days late
2020
32 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 18 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 6 July (4 of the last 5 accounts filed within 54 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

SJ
Sarah Jacqueline DEMOL
Director
SG
Steve Geert Frederik COLLIE
Director
  • Sarah Jacqueline DEMOL 50 sharesdeed of 25-03-2020
  • Steve Geert Frederik COLLIE 50 sharesdeed of 25-03-2020
  • Sarah DEMOL 50 sharesdeed of 25-03-2020
and 1 other shareholder

Shares in 1 company, GYCO Power Rental

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0745584659
Incorporation Founding capital of €4,000, 100 shares · Founders: Sarah Jacqueline DEMOL and Steve Geert Frederik COLLIE · Appointments: Sarah Jacqueline DEMOL (director) and Steve Geert Frederik COLLIE (director) · published on 25-03-2020 · Gazette deed
First establishment Veeweidestraat 78, Tervuren
All 12 events

Comparable companies

same main activity, similar in size and age
Company
CODESS Tervuren €799,528 €285,510 42.6% -
WASAFI Tervuren €925,207 €292,539 94.3% -
ISOLA Oud-Heverlee €752,153 €304,665 39.0% -
Thomas Clijsner Begijnendijk €807,720 €277,860 1.9% -
Sarah Philips Rotselaar €844,824 €261,792 1.8% -
Bram De Schouwer Keerbergen €895,675 €261,626 1.7% -
Specim€n Ternat €692,200 €297,981 31.2% -

These companies have the same main activity as CODESS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €692,000 and €925,000, founded between 2019 and 2020.

Official details

Source: KBO
Status
Active since 23-03-2020Normal situation
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.301.330.3443080 Tervuren, since 23-03-2020
Financial year end
31 December
Peppol
Reachable since 29-12-2024
Company details

Annual accounts 2025

€285,510▲ 12.2%
€196,542▲ 22.5%
€340,840▼ 15.5%
€799,528▲ 1.8%
Filing
Filed on 06-07-2026, 25 days before the end of the filing period
Financials

Insights on CODESS

CODESS files the micro format. That format states no turnover. The gross margin rose from €77,605 in 2020 to €285,510 in 2025.

The balance sheet grew most from 2022 to 2024 through fixed assets.

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

Financials

Annual accounts 2025

micro format, filed on 06-07-2026, 25 days before the deadline
€285,510
▲ 12.2%
€242,282
▲ 10.6%
€196,542
▲ 22.5%
-€173,318
▲ €44,694
42.6%
▼ 8.7 percentage points
0.62
▲ 0.19

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 ≈ €410,000. Estimated: probably between €340,000 and €710,000.

Balance sheet

balance sheet total €799,528 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

42.6%

Higher than 39% of 39,368 companies in 2025.

0.62

Higher than 14% of 38,051 companies in 2025.

24.6%

Higher than 65% of 38,523 companies in 2025.

CODESS Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

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

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 799,528785,566516,348434,700256,457115,948
21/28 514,207621,136371,442292,57953,9883,557
22/27 359,207388,636371,442292,57953,9883,557
22 307,972335,109334,197249,9405,863-
23 4,1013,1312,8923,4034,0041,464
24 23,80023,0633,0193,9044,7882,094
26 23,33427,33331,33335,33339,333-
28 155,000232,500----
29/58 285,321164,430144,906142,121202,469112,390
40/41 83,45951,72835,65047,34141,84849,529
40 34,46951,72835,64045,03139,58049,520
41 48,9910102,3102,2689
54/58 153,08846,91831,61340,042158,04359,879
490/1 48,77465,78477,64354,7372,5782,982
Balance sheet: equity and liabilities
10/49 799,528785,566516,348434,700256,457115,948
10/15 340,840403,124405,540314,734169,06065,253
10/11 4,0004,0004,0004,0004,0004,000
13 336,840399,124401,540310,734165,06061,253
133 336,840399,124401,540310,734165,06061,253
14 000---
17/49 458,688382,442110,808119,96587,39750,695
42/48 458,640382,442110,808119,96587,12150,695
44 5041,402790-2126,348
440/4 5041,402790-2126,348
45 66,51180,40972,418119,96587,10024,118
450/3 64,51178,15967,218114,76581,90022,118
454/9 2,0002,2505,2005,2005,2002,000
47/48 391,625300,63137,600--228
492/3 48---275-
Income statement
76A 035----
9900 285,510254,476191,529202,768149,16977,605
62 ----936-
630 40,76933,18526,58911,2132,471285
640/8 2,4592,2232,397637207411
9901 242,282219,069162,543190,917145,55576,909
75/76B 24,2660031-
75 1,0160031-
76B 23,250-----
65/66B 9,0348211,1171,6041,179367
65 9,0348211,1171,6041,179367
9903 257,514218,248161,426189,316144,37776,542
67/77 60,97257,84028,97343,64240,57015,289
9904 196,542160,408132,452145,674103,80761,253
9905 196,542160,408132,452145,674103,80761,253
Appropriation of the result
9906 196,542160,408132,452145,674103,80761,253
791/2 62,283162,824----
691/2 0160,40890,805145,674103,80761,253
6921 0160,40890,805145,674103,80761,253
694/7 258,825162,82441,647---
694 258,825162,82441,647---
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 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 06-07-2026.

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 06-07-2026 2026-00259998 PDF
31-12-2024 micro format 23-04-2025 2025-00080952 PDF
31-12-2023 micro format 25-06-2024 2024-00176335 PDF
31-12-2022 micro format 24-07-2023 2023-00282677 PDF
31-12-2021 micro format 29-08-2022 2022-20331362 PDF
31-12-2020 micro format 01-09-2021 2021-66300383 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
283,051252,254189,131202,130148,02777,194
237,311193,592159,041156,887106,27861,538
11,340283,594105,451249,80552,9023,843
106,16915,305-8,429-118,00098,164-
-173,318-218,01234,09822,155115,34861,696
42.6%51.3%78.5%72.4%65.9%56.3%
0.620.431.311.182.322.22
1.350.950.270.380.520.78
57.7%39.8%32.7%46.3%61.4%93.9%
24.6%20.4%25.7%33.5%40.5%52.8%
31.33over 100over 100over 100over 100-

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
Item20252024202320222021
Tangible fixed assets€11,340€51,094€105,451€249,805€52,902
Financial fixed assets-€232,500---
€40,769€33,185€26,589€11,213€2,471

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

Insights on CODESS

The operating result for 2025 is 11% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 48.7% to 57.4%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors, since incorporation
Sarah Jacqueline DEMOL
Director
appointed by deed of 25-03-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 06-07-2026
Steve Geert Frederik COLLIE
Director
appointed by deed of 25-03-2020 term without a fixed end
listed in the 2025 annual accounts, filed on 06-07-2026
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 25-03-2020

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Sarah Jacqueline DEMOL
Director
Steve Geert Frederik COLLIE
Director
Board
Mandates as a list
  • Sarah Jacqueline DEMOL
    • Director, from 23-03-2020 to date
  • Steve Geert Frederik COLLIE
    • Director, from 23-03-2020 to date

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

Control

Founders
Sarah Jacqueline DEMOL, Steve Geert Frederik COLLIE, Sarah DEMOL
and 1 other
This company
CODESS
Equity €340,840
Profit €196,542 in 2025

Capital

Contribution
€4,000
Shares
100
Contribution per share
€40
Equity per share
€3,408 in 2025
Source
deed of 25-03-2020

Articles of association

deed of 25-03-2020 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
“Benoeming,aantal,duur en herroeping bestuurders, niet-statutaire bestuurders herroepbaar ad nutum bij besluit van algemene vergadering”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of April at 20:00

Shareholders

At incorporation deed of 25-03-2020 ↗

Network & group

Holdings

own 2024 accounts, the bar shows equity in euros
This companyCODESS1 holding, 1 country 2024 accounts

Belgium 1 Equity Result

Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)

Board mandates elsewhere

1 board mandate
Board mandates of CODESSCODESS sits on their board1
GYCO Power Rental
Director
Founded in 2024 · total assets €6.3m (2025)

Connections & network

2 current directors
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

12 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 25 days before the deadline
2025
Highest result from 2020 to 2025 net €196,542 ▲22.5% The operating result of €242,282 and the net result of €196,542 are both a record.
Annual accounts 2024 filed PDFmicro format · 99 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0745584659
Annual accounts 2023 filed PDFmicro format · 36 days before the deadline
2023
Annual accounts 2022 filed PDFmicro format · 7 days before the deadline
2022
Equity above €200,000 equity €314,734 ▲86.2% With a profit in every financial year since 2020, equity grows to €314,734.
Annual accounts 2021 filed PDFmicro format · 29 days late
2021
Equity above €150,000 equity €169,060 ▲159% With a profit in every financial year since 2020, equity grows to €169,060.
Annual accounts 2020 filed PDFmicro format · 32 days late
2020
IncorporationFounding capital of €4,000, 100 shares · Founders: Sarah Jacqueline DEMOL and Steve Geert Frederik COLLIE · Appointments: Sarah Jacqueline DEMOL (director) and Steve Geert Frederik COLLIE (director) · published on 25-03-20209 points ▸

Open the deed in the Belgian Official Gazette

First establishment Veeweidestraat 78, Tervuren

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

CODESS was incorporated on 23 March 2020 as a private limited company by four natural persons, with a starting capital of €4,000.12 The board currently has 2 members.3 Total assets rose from €115,948 in 2020 to €799,528 in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-03-2020
  3. 3National Bank, annual accounts 2025
  4. 4National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0745.584.659
VAT number
BE 0745.584.659
Peppol ID
0208:0745584659
Other Peppol ID
9925:BE0745584659
Legal form
Private limited company
Status
Active, normal situation
Founded
23-03-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Monday of April at 20:00
deed of 25-03-2020 (in Dutch)
Peppol
Reachable since 29-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CODESS 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 25-03-2020 (in Dutch)

Activities

NACEBEL 2025
70200 Business and other management consultancy main activity
Codes under NACEBEL 2008
70220 Business consulting main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Consultancy en management in de meest ruime zin van het woord; Waarnemen van bestuursopdrachten,het uitoefenen van mandaten en functies in…”
26 activities
  1. Consultancy en management in de meest ruime zin van het woord
  2. Waarnemen van bestuursopdrachten,het uitoefenen van mandaten en functies in andere vennootschappen
  3. Optreden als vertegenwoordiger van binnen- en buitenlandse firma’s
  4. Dienstverlening en tussenpersoon in handel en dienstverlening,in het bijzonder het adviseren en sturen in het kader van vergunningsaanvragen of voor te ontwikkelen projecten,alsook het adviseren in het kader van automatisering,of als tussenpersoon advies verlenen in het aankopen of verkopen van machines
  5. (Gerechtelijke) adviesverlening en expertise-opdrachten
  6. Haalbaarheid en andere technische studies
  7. Algemene audit-activiteiten
  8. Kosten/baten studies
  9. Prospectie
  10. Project-management: coördinatie,technisch,financieel beheer en ontwikkeling van projecten
  11. EPB-verslaggeving,energiedeskundige & adviesverlening op het gebied van milieubescherming
  12. Veiligheidscoördinatie en preventie-advies
  13. Interieurvormgeving
  14. Stedelijk en ruimtelijke ontwerpen en planning
  15. Gebouwbeheer (syndicus)
  16. Bouwpromotor van gebouwen
  17. Verwerven,verkopen,oprichting,beheer,huren en verhuren van (on)roerend goederen nuttig voor de verwezenlijking van maatschappelijk doel
  18. Algemene bouw van residentiële en niet residentiële gebouwen
  19. Bouw van projecten volgens formule ‘sleutel op de deur’
  20. Organisatie van seminaries/events en het geven van opleidingen
  21. Bouwkundig en technisch tekenwerk
  22. Aannemer van elektrische,elektrotechnische,centrale verwarming en sanitaire installaties
  23. Handel in technische en bouwmaterialen
  24. Uitvoeren van laswerken en lasconstructies
  25. Vervaardiging van schrijn- en timmerwerk en andere artikelen van hout
  26. Handelen en ontwerpen van juwelen
deed of 25-03-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Veeweidestraat 78 registered office 3080 Tervuren 23-03-2020 2.301.330.344

Buildings and parcels at the address

Ground area
939 m²
Buildings
120 m²
Buildings to scale, each on its own parcel
120 m², 0.0 m 120 m², 0.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
24023A0481/00M000939 m² 1 · 120 m² 0.0 m

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