CODEVET
ActiveSummary
CODEVET has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €221,248 and a net result of -€9,118. Equity is growing by ~4.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability67▼-12
Solvency57▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.42 in 2025; short-term debt: 24.2% and cash: 1.7% of total assets), and 68.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 75
Relative position
BE, all sectors
reference
Veterinary activities (NACE 75)
about 90% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 18-09-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
43 d early
2025
30 d late
2024
13 d early
2023
8 d early
2022
47 d early
2021
30 d early
2020
75 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-03-2027 close31-10-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
In the rankings
#7 oldest company in Hainaut, Veterinary activities sector
Equity
€221,248▼ 4.0%
2025 · €230,365
Total assets
€702,309▲ 2.7%
2025 · €683,967
Net result
-€9,118
2025 · €55,098
Working capital
-€138,320▼ 67.4%
2025 · -€82,604
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€6,755€25,110▲ 272%€6,295▼ 74.9%€68,668▲ 991%-€8,896
Net result€2,796below the sector's middle half€21,209within the sector's middle half▲ 658%€2,900below the sector's middle half▼ 86.3%€55,098within the sector's middle half▲ 1,800%-€9,118
Equity€151,158within the sector's middle half▲ 1.9%€172,368within the sector's middle half▲ 14.0%€175,268within the sector's middle half▲ 1.7%€230,365above the sector's middle half▲ 31.4%€221,248▼ 4.0%
Total assets€752,100above the sector's middle half▲ 145%€716,274above the sector's middle half▼ 4.8%€666,932above the sector's middle half▼ 6.9%€683,967above the sector's middle half▲ 2.6%€702,309▲ 2.7%
Debt€600,941▲ 280%€543,906▼ 9.5%€491,664▼ 9.6%€443,376▼ 9.8%€471,705▲ 6.4%
Working capital-€145,488below the sector's middle half▼ 99.8%-€148,893below the sector's middle half▼ 2.3%-€137,490below the sector's middle half▲ 7.7%-€82,604below the sector's middle half▲ 39.9%-€138,320▼ 67.4%
Solvency20.1%below the sector's middle half▼ 28.3pp24.1%below the sector's middle half▲ 4.0pp26.3%below the sector's middle half▲ 2.2pp33.7%within the sector's middle half▲ 7.4pp31.5%▼ 2.2pp
Current ratio0.23below the sector's middle half=0.16below the sector's middle half▼ 0.070.18below the sector's middle half▲ 0.020.42below the sector's middle half▲ 0.240.19▼ 0.23
Return on assets (ROA)0.4%below the sector's middle half▲ 8.8pp3.0%below the sector's middle half▲ 2.6pp0.4%below the sector's middle half▼ 2.5pp8.1%within the sector's middle half▲ 7.6pp-1.3%▼ 9.4pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 75, Veterinary activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2026: a loss of €8,896 after €68,668 in 2025, the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €702,309
Fixed assets
€670,796 ▲ 7.3%
Current assets
€31,513 ▼ 46.6%
Equity and liabilities €702,309
Equity
€221,248 ▼ 4.0%
Provisions
€9,356 ▼ 8.5%
Debt
€471,705 ▲ 6.4%
Debt's share of the balance-sheet total rises from 64.8% to 67.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€57,369▼
2025 · €126,451
Cash flow
€57,147▼
2025 · €112,881
Quick ratio
0.16▼
2025 · 0.38
Debt to equity
2.13▲
2025 · 1.92
ROE
-4.1%▼
2025 · 23.9%
Interest coverage
51.28▲
2025 · 37.54
Debt ≤ 1 year
€169,833▲
2025 · €141,598
Debt > 1 year
€301,692=
2025 · €301,778
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 8,616 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,490 | €5,404 | €1,797 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,012 | €66,925 | €66,712 | €57,784 | €66,264 | ▲ 14.7% |
| Other operating charges640/8 | €2,841 | €2,863 | €3,222 | €3,272 | €3,449 | ▲ 5.4% |
| Non-recurring operating charges66A | - | €897 | - | - | - | - |
| Gross operating margin9900 | €70,608 | €97,286 | €81,634 | €131,520 | €60,818 | ▼ 53.8% |
| Operating profit (loss)9901 | €6,755 | €25,110 | €6,295 | €68,668 | -€8,896 | ▼ 113% |
| Financial income75/76B | €22 | €2 | - | €24 | €28 | ▲ 14.6% |
| Recurring financial income75 | €22 | €2 | - | €24 | €28 | ▲ 14.6% |
| Financial charges65/66B | €3,980 | €3,904 | €3,395 | €3,369 | €1,119 | ▼ 66.8% |
| Recurring financial charges65 | €3,980 | €3,904 | €3,395 | €3,369 | €1,119 | ▼ 66.8% |
| Profit (loss) for the period before taxes9903 | €2,796 | €21,209 | €2,900 | €65,323 | -€9,987 | ▼ 115% |
| Transfer from deferred taxes780 | - | - | - | €869 | €869 | = |
| Transfer to deferred taxes680 | - | - | - | €11,095 | - | - |
| Profit (loss) for the period9904 | €2,796 | €21,209 | €2,900 | €55,098 | -€9,118 | ▼ 117% |
| Transfer from tax-exempt reserves789 | - | - | - | €2,608 | €2,608 | = |
| Transfer to tax-exempt reserves689 | - | - | - | €33,284 | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,796 | €21,209 | €2,900 | €24,421 | -€6,509 | ▼ 127% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €752,100 | €716,274 | €666,932 | €683,967 | €702,309 | ▲ 2.7% |
| Fixed assets21/28 | €708,548 | €688,360 | €636,868 | €624,972 | €670,796 | ▲ 7.3% |
| Tangible fixed assets22/27 | €708,424 | €688,236 | €636,744 | €624,848 | €670,672 | ▲ 7.3% |
| Land and buildings22 | €666,930 | €658,924 | €624,352 | €595,849 | €595,990 | = |
| Plant, machinery and equipment23 | €24,242 | €20,686 | €12,392 | €28,999 | €23,857 | ▼ 17.7% |
| Furniture and vehicles24 | €17,251 | €8,626 | - | - | €50,825 | - |
| Financial fixed assets28 | €124 | €124 | €124 | €124 | €124 | = |
| Current assets29/58 | €43,552 | €27,913 | €30,064 | €58,995 | €31,513 | ▼ 46.6% |
| Stocks and contracts in progress3 | €4,238 | €4,489 | €5,089 | €4,823 | €5,124 | ▲ 6.2% |
| Stocks30/36 | €4,238 | €4,489 | €5,089 | €4,823 | €5,124 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €13,558 | €14,475 | €18,765 | €13,932 | €10,663 | ▼ 23.5% |
| Trade receivables40 | €10,134 | €11,006 | €14,911 | €13,932 | €10,663 | ▼ 23.5% |
| Other amounts receivable41 | €3,424 | €3,469 | €3,855 | - | - | - |
| Cash at bank and in hand54/58 | €22,758 | €5,590 | €2,776 | €37,749 | €11,740 | ▼ 68.9% |
| Deferred charges and accrued income490/1 | €2,999 | €3,360 | €3,434 | €2,490 | €3,987 | ▲ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €752,100 | €716,274 | €666,932 | €683,967 | €702,309 | ▲ 2.7% |
| Equity10/15 | €151,158 | €172,368 | €175,268 | €230,365 | €221,248 | ▼ 4.0% |
| Contributions10/11 | €44,621 | €44,621 | €44,621 | €44,621 | €44,621 | = |
| Reserves13 | €55,355 | €55,355 | €55,355 | €86,031 | €83,423 | ▼ 3.0% |
| Non-distributable reserves130/1 | €4,462 | €4,462 | €4,462 | €4,462 | €4,462 | = |
| Reserves not available under the articles1311 | €4,462 | €4,462 | €4,462 | €4,462 | €4,462 | = |
| Tax-exempt reserves132 | - | - | - | €30,676 | €28,068 | ▼ 8.5% |
| Distributable reserves133 | €50,893 | €50,893 | €50,893 | €50,893 | €50,893 | = |
| Profit (loss) carried forward14 | €51,183 | €72,392 | €75,292 | €99,714 | €93,204 | ▼ 6.5% |
| Provisions and deferred taxes16 | - | - | - | €10,225 | €9,356 | ▼ 8.5% |
| Deferred taxes168 | - | - | - | €10,225 | €9,356 | ▼ 8.5% |
| Amounts payable17/49 | €600,941 | €543,906 | €491,664 | €443,376 | €471,705 | ▲ 6.4% |
| Amounts payable after more than one year17 | €411,901 | €367,099 | €324,110 | €301,778 | €301,692 | = |
| Financial debts170/4 | €411,901 | €367,099 | €324,110 | €301,778 | €301,692 | = |
| Amounts payable within one year42/48 | €189,040 | €176,807 | €167,554 | €141,598 | €169,833 | ▲ 19.9% |
| Current portion of amounts payable after more than one year42 | €52,901 | €47,312 | €42,989 | €37,661 | €44,163 | ▲ 17.3% |
| Trade debts44 | €17,725 | €5,083 | €3,502 | €7,421 | €2,180 | ▼ 70.6% |
| Suppliers440/4 | €17,725 | €5,083 | €3,502 | €7,421 | €2,180 | ▼ 70.6% |
| Taxes, remuneration and social security45 | €32,435 | €34,841 | €38,063 | €27,388 | €32,703 | ▲ 19.4% |
| Taxes450/3 | €6,065 | €3,209 | €5,478 | €4,388 | €7,113 | ▲ 62.1% |
| Remuneration and social security454/9 | €26,370 | €31,632 | €32,585 | €23,000 | €25,590 | ▲ 11.3% |
| Other amounts payable47/48 | €85,980 | €89,570 | €82,999 | €69,128 | €90,786 | ▲ 31.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €180 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,796 | €21,209 | €2,900 | €55,098 | -€9,118 | ▼ 117% |
| + Depreciation and write-downs630 | €61,012 | €66,925 | €66,712 | €57,784 | €66,264 | ▲ 14.7% |
| Operating cash flow (approximation) | €63,809 | €88,134 | €69,612 | €112,881 | €57,147 | ▼ 49.4% |
| Investment in fixed assets (approximation) | - | -€46,738 | -€15,220 | -€45,888 | -€112,088 | ▼ 144% |
| Change in cash | - | -€17,168 | -€2,814 | €34,974 | -€26,009 | ▼ 174% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
18-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
31-03
Financial
Highest result since 2019net €55,098 ▲1,800%
Operating result €68,668, net result €55,098, both a record.
31-03
Financial
Equity above €200,000Eq €230,365 ▲31.4%
4 profitable years in a row build equity to €230,365.
2024
18-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Back to profitnet €2,796
Net result €2,796 after one loss-making year.
31-03
Financial
Equity above €150,000Eq €151,158 ▲1.9%
Equity rises from €148,362 to €151,158.
2021
01-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€25,943
Net result drops to -€25,943, the lowest in the series; recovery starts the following year.
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Braine-le-Comte · 1 establishment unit since 1999
Ground area
3,303 m²
Building footprint
237 m²
Parcel 55004F0748/00G000, Wallonia. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Chaussée de Mons 83, 7090 Braine-le-Comte
since 19992.092.694.826
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55004F0748/00G000 | Wallonia | 3,303 m² | 1 · 237 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-le-Comte2.092.694.826
Similar companies · same sector, comparable size
dierenartsenpraktijk De Zaffelbeek
BE 0541.837.050
Lochristi · Eq €221,203
DAP ANNICK VERBRUGGHE
BE 0480.756.744
Puurs-Sint-Amands · Eq €221,440
DIERENARTS LIEVEN DE MAESSCHALCK
BE 0822.421.725
Lokeren · Eq €220,676
DAP PAPERODE
BE 1001.081.273
Aalst · Eq €220,359
DAP KOEN WIJNDAELE BV
BE 0799.916.834
Sint-Lievens-Houtem · Eq €220,289
Of 6,089 companies in sector 75000 we hold annual accounts for 1,951. 1,624 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-1999
Fiscal year end31-03
Activities, NACEBEL 2025
75000Veterinary services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466782509
Also
9925:BE0466782509
Registered
04-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.