Equity
€1,855 from €79,396 in 2021
Equity fell by 98% in 4 years.
Codevert IT
Lifetime
7 annual accounts with figures on one time axispeak €66,845 (2024)
€63,038▼ 5.7%
peak €52,046 (2024)
€48,230▼ 7.3%
peak €79,396 (2021)
€1,855▼ 93.2%
€88,812▼ 14.2%
Board1 name since 2018
1 directorVANDEMOORTELE Elias
Documentsfilings and deeds
18-08-202618 days late
2025micro format
Dividend €73,751Equity from €27,376 to €1,855
Key points
from the 2025 annual accountsDebts
€88,812 98% of the balance sheet
Suppliers 0%Taxes and wages 16%Other 83%
Of this, €88,662 falls due within a year.
Position in the sector
€1,855
Less equity than 90% of companies in head offices and management consultancy. Sector median €78,216 · 39,400 companies.
2025 accounts filed 18 days after the deadline
Checked score
92
Excellent
Financially stronger than 33% 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 48,572 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 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.2 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.2 percentage points vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €1,855 (2.0% of total assets)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.00, cash €73,832
Size: total assets €90,667
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 11% of them on solvency, 33% on liquidity, 84% on profitability and 5% on growth.
The bankruptcy probability was computed on 10-11-2026 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, 2,153 companies had the same profile as Codevert IT has now. Each dot stands for 6 companies, two years later.
96.0%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
The bankruptcy probability of Codevert IT itself is lower: 0.1% within 12 months. It rests on far more data about Codevert IT 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 2,153 companies, not a prediction for Codevert IT. 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.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 39368 sector peers (2025).
NBB · sector comparisonPosition among 39368 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
18 days late
2024
120 days early
2023
114 days early
2022
60 days early
2021
83 days early
2020
39 days early
2019
31 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 61 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 9 May (4 of the last 5 accounts filed within 37 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- VANDEMOORTELE Piet Alois founderdeed of 20-07-2018
- VANDEMOORTELE Elias founderdeed of 20-07-2018
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0700235872
Registered office moved from Zwijnaarde to Heusden
New registered office: Tramstraat 21/0201, 9070 Heusden · Previous registered office: Nederzwijnaarde 63A, 9052 Zwijnaarde · Board meeting of 12-08-2024 · Gazette deed
Amendment of the articles · Legal-form change
Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Incorporation
Founders: VANDEMOORTELE Piet Alois and VANDEMOORTELE Elias · Founding capital of €18,550, 10,000 shares, €6,200 paid up · Appointment: VANDEMOORTELE Elias (manager) · published on 20-07-2018 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codevert IT Destelbergen | €90,667 | €63,038 | 2.0% | - |
| Pantser Destelbergen | €89,651 | €63,654 | 1.1% | - |
| IVDV Consulting Destelbergen | €98,077 | €54,195 | 56.6% | - |
| SYNCHRONIZED SOLUTIONS Nazareth-De Pinte | €78,814 | €60,074 | 83.7% | - |
| Carolien Redant Aalst | €87,389 | €63,516 | 2.9% | - |
| VIA PALAU Lochristi | €97,251 | €61,803 | 54.7% | - |
| TIMESHIFTERS Beveren-Kruibeke-Zwijndrecht | €84,661 | €66,387 | 27.3% | - |
These companies have the same main activity as Codevert IT: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €78,800 and €98,100, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 18-07-2018Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.278.949.0789070 Destelbergen, since 18-07-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 28-03-2025
Insights on Codevert IT
Codevert IT files the micro format. That format states no turnover. The gross margin rose from €49,848 in 2019 to €63,038 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Codevert IT
- What is the company number of Codevert IT?
- The company number of Codevert IT is 0700.235.872. The VAT number is the same number with BE in front: BE 0700.235.872.
- Where is Codevert IT based?
- The registered office is at Tramstraat 21, 9070 Destelbergen.Company details
- What does Codevert IT do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Codevert IT?
- Codevert IT is a private limited company (BV).
- When was Codevert IT founded?
- Codevert IT was founded on 18-07-2018.
- Is Codevert IT still active?
- Yes, Codevert IT is an active enterprise in the KBO register.
- What is the turnover of Codevert IT?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €63,038 and 120 comparable companies (NACE 70200). It probably lies between €97,000 and €160,000.Financials
- Is Codevert IT profitable?
- In financial year 2025, Codevert IT made a profit of €48,230.
- Where can I find the annual accounts of Codevert IT?
- Codevert IT filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Codevert IT due?
- Codevert IT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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