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CODEVCO X

Active Risk: moderate
Public limited companyfounded 20214 yrs activeEdingensesteenweg 196, 1500 Halle, BelgiumKBO/BCE: BE 0779.300.572
Summary

The computed 12-month bankruptcy probability of CODEVCO X is 2.2% (moderate). The 2025 annual accounts show equity of €61,500. Equity remains stable across the filed fiscal years (±0% per year). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Axes · tick = 2024
Profitability-
Solvency100=
Growth55=
Track record94
Bankruptcy probability, 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 23-09-2025, 38 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
38 d early
2024
35 d early
2023
36 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 36 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 December 2021, CODEVCO X was incorporated as a Public limited company by ETABLISSEMENTEN FRANZ COLRUYT, with a starting capital of EUR 61,500.12 Of the 5 current board members, Jef Colruyt has served longest, since 2021.2 Total assets went from EUR 63,578 in 2023 to EUR 62,684 in 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 27-12-2021
  3. 3National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
Not included in this filing
Working capital
€61,500=
2024 · €61,500
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€39--€1,616-€1,301▲ 19.5%
Equity€61,500-€61,500=€61,500=
Total assets€63,578-€64,364▲ 1.2%€62,684▼ 2.6%
Debt€2,078-€2,864▲ 37.9%€1,184▼ 58.7%
Working capital€61,500-€61,500=€61,500=
Result per fiscal year
Operating result
-€2,000-€1,500-€1,000-€500€0Operating result 2023: €39€39Operating result 2024: -€1,616-€1,616Operating result 2025: -€1,301-€1,301202320242025-€2,000-€1,500-€1,000-€500€0Operating result 2023: €39€39Operating result 2024: -€1,616-€1,620Operating result 2025: -€1,301-€1,300202320242025
The operating result stays negative: a loss of €1,301 in 2025 against €1,616 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €62,684
Equity €61,500 =
Debt €1,184 ▼ 58.7%
Debt's share of the balance-sheet total falls from 4.5% to 1.9%. Debt is lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
52.96▲
2024 · 22.47
Debt to equity
0.02▼
2024 · 0.05
Debt ≤ 1 year
€1,184▼
2024 · €2,864
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 21 lines
Balance sheet Code20242025
Assets
Total assets20/58€64,364€62,684▼
Current assets29/58€64,364€62,684▼
Amounts receivable within one year40/41€1,495€2,065▲
Trade receivables40€1,495€1,565▲
Other amounts receivable41-€500
Cash at bank and in hand54/58€62,870€60,619▼
Equity and liabilities
Total equity and liabilities10/49€64,364€62,684▼
Equity10/15€61,500€61,500=
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Amounts payable17/49€2,864€1,184▼
Amounts payable within one year42/48€2,864€1,184▼
Trade debts44€2,864€1,184▼
Suppliers440/4€2,864€1,184▼
Income statement Code20242025
Gross operating margin9900-€1,616-€1,301▲
Operating profit (loss)9901-€1,616-€1,301▲
Financial income75/76B€1,958€1,663▼
Recurring financial income75€1,958€1,663▼
Financial charges65/66B€342€362▲
Recurring financial charges65€342€362▲
Line202320242025Change
Operating income70/76A€4,789---
Other operating income74€4,789---
Operating charges60/66A€4,750---
Services and other goods61€4,505---
Other operating charges640/8€245---
Gross operating margin9900--€1,616-€1,301▲ 19.5%
Operating profit (loss)9901€39-€1,616-€1,301▲ 19.5%
Financial income75/76B€465€1,958€1,663▼ 15.1%
Recurring financial income75€465€1,958€1,663▼ 15.1%
Income from current assets751€465---
Financial charges65/66B€504€342€362▲ 5.7%
Recurring financial charges65€504€342€362▲ 5.7%
Debt charges650€2---
Other financial charges652/9€503---
Line202320242025Change
Assets
Total assets20/58€63,578€64,364€62,684▼ 2.6%
Current assets29/58€63,578€64,364€62,684▼ 2.6%
Amounts receivable within one year40/41€4,789€1,495€2,065▲ 38.1%
Trade receivables40€4,789€1,495€1,565▲ 4.7%
Other amounts receivable41--€500-
Cash at bank and in hand54/58€58,789€62,870€60,619▼ 3.6%
Equity and liabilities
Total equity and liabilities10/49€63,578€64,364€62,684▼ 2.6%
Equity10/15€61,500€61,500€61,500=
Contributions10/11€61,500€61,500€61,500=
Capital10€61,500€61,500€61,500=
Issued capital100€61,500€61,500€61,500=
Amounts payable17/49€2,078€2,864€1,184▼ 58.7%
Amounts payable within one year42/48€2,078€2,864€1,184▼ 58.7%
Trade debts44€2,078€2,864€1,184▼ 58.7%
Suppliers440/4€2,078€2,864€1,184▼ 58.7%
Line202320242025Change
Change in cash-€4,081-€2,251▼ 155%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2026
12-01
State Gazette act Appointment: Ernst & Young Bedrijfsrevisoren (statutory auditor)
Mandate compensation3 facts ▸
  • General meeting, 03/09/2025
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren (statutory auditor)
  • Mandate compensation, Ernst & Young Bedrijfsrevisoren
2025
23-09
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial Liquidity doublescurrent ratio 52.96
Current ratio from 22.47 to 52.96; short-term debt falls from €2,864 to €1,184.
2024
26-09
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
25-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2022
29-07
State Gazette act Resignation: Marc HOFMAN (director)
Appointments: Jo WILLEMYNS (director) and Stefan GOETHAERT (director) · Permanent representative: Eef Naessens5 facts ▸
  • General meeting, 11/07/2022
  • Director resignation, Marc HOFMAN (director)
  • Director appointment, Jo WILLEMYNS (director)
  • Director appointment, Stefan GOETHAERT (director)
  • Permanent representative, Eef Naessens
2021
27-12
State Gazette act Incorporation
Appointments: Kris Castelein, Marc Hofman and 3 others · Permanent representative: Wuyts Daniel · Founder11 facts ▸
  • Incorporation, 22 december 2021
  • Founder, ETABLISSEMENTEN FRANZ COLRUYT
  • Founding capital, €61.500
  • Bank account, BNP Paribas Fortis
  • Director appointment, Kris Castelein (director)
  • Director appointment, Marc Hofman (director)
  • Director appointment, Jozef Colruyt (director)
  • Director appointment, Stefaan Vandamme (director)
  • Auditor appointment, Ernst & Young Bedrijfsrevisoren
  • Permanent representative, Wuyts Daniel
  • Power of attorney, Colruyt Group Services
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 3 acts read

Directors · office · real estate

Directors
6 directors, no change since 2022

Board 6

Jef Colruyt
Director · since 22-12-2021
Current
Kris Castelein
Director · since 22-12-2021
Current
Stefaan Vandamme
Director · since 22-12-2021
Current
Jo WILLEMYNS
Director · since 01-04-2022
Current
Stefan Goethaert
Director · since 01-04-2022
Current
Jozef Colruyt
Director · since 27-12-2021 · from a recent act
Current

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 27-12-2021
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3.1 ha
Building footprint
9,052 m²
Volume, LiDAR
146,100 m³
Parcel 23027F0207/00V000, Flanders · tallest building 27.2 m, ±6 floors. Linked by address, not a title deed.
78 companies at this address See who is registered here
1 establishment unit
CODEVCO X
Edingensesteenweg 196, 1500 HalleRetail trade
since 20212.325.979.826
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23027F0207/00V000 Flanders 3.1 ha 1 · 9,052 m² 27.2 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

8 people since 2021, 7 in office
Show
  • Board
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Jef Colruyt
  • Director, from 22-12-2021 to date
Kris Castelein
  • Director, from 22-12-2021 to date
Stefaan Vandamme
  • Director, from 22-12-2021 to date
Jozef Colruytfrom an act
  • Director, from 27-12-2021 to date
Jo WILLEMYNS
  • Director, from 01-04-2022 to date
Stefan Goethaert
  • Director, from 01-04-2022 to date
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 27-12-2021 to date
Marc Hofman
  • Director, from 22-12-2021 to 01-04-2022
See the board, name and seat on a given date →

Articles of association

Purpose
I. Specifieke activiteiten A/ In de meest ruime zin handel te drijven... B/ De aankoop, de fabricatie... C/ De oprichting... D/ De verhuring... E/ De verkoop... F/ Alle…
Full purpose

I. Specifieke activiteiten A/ In de meest ruime zin handel te drijven... B/ De aankoop, de fabricatie... C/ De oprichting... D/ De verhuring... E/ De verkoop... F/ Alle activiteiten in wat genoemd wordt de Horecasector. II. Algemene activiteiten A/ Het verwerven van participaties... B/ Het aangaan van leningen... C/ Het verlenen van adviezen... D/ Het waarnemen van alle bestuursopdrachten... E/ Het ontwikkelen... F/ Het verlenen van administratieve prestaties... G/ De aan- en verkoop... H/ Het onderzoek... I/ Het stellen van zakelijke of persoonlijke zekerheden... III. Beheer van een roerend en onroerend vermogen A/ Het aanleggen... onroerend vermogen... B/ Het aanleggen... roerend patrimonium... IV. Bijzondere bepalingen...

Structure & network

Part of the group KORYS 159 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. KORYS 64.44%
  2. Colruyt Group 100%
  3. CODEVCO X

Highest known parent: KORYS. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-03-2025 list no holdings, and no other source names one.

According to the annual accounts to 31-03-2025 of CODEVCO X and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

79 connected companies
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DREAMLAND
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SOLUCIOUS
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Vlevico
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WITEB 16
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WITEB 17
via Kris Castelein · Non-statutory director
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CGMI
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former→
former→
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former→
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former→
KORYS
via Jef Colruyt · Director
former→
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VALFRAIS
via Stefaan Vandamme · Director
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former→
VISIEBLE
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YZOLAM
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Z+H2B
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Capital and shareholders

Shareholders according to the acts
At incorporation act of 27-12-2021 ↗

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 27-12-2021 Incorporation · 61,500 EUR · 100 shares

Identification & contact

Identification
Legal formPublic limited company
Founded23-12-2021
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID 0208:0779300572
Also 9925:BE0779300572
Registered 16-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.