Turnover
≈ €740,000 estimated
The micro format states no turnover.
Codevo
Overview
Lifetime
1 annual account with figurespeak €370,486 (2025)
€370,486
peak €247,724 (2025)
€247,724
peak €242,303 (2025)
€242,303
€284,145
Board2 names since 2024
2 directorsCOLLIGNON Martin Laura Olivier and 1 other
Documentsfilings and deeds
25-08-202625 days late
2025micro format
1 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€2,000 1,000 shares
Position in the sector
€247,724
Higher net result than 95% of companies in other professional activities. Sector median €9,324 · 4,356 companies.
2025 accounts filed 25 days after the deadline
Checked score
96
Excellent
Financially stronger than 67% of micro companies in other professional activities (NACE 74)
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: 0.2% across 5,430 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 0.5%
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.7%● unchanged vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026highest value
08-2026: 0.7%● unchanged vs 07-2026
09-2026: < 0.1%▼ -0.7 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
lowers risk
Liquidity: current ratio 1.68, cash €302,990
Sector: Other professional, scientific and technical activities (NACE 74)
Size: total assets €526,447
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 74, micro). It does better than 48% of them on solvency, 64% on liquidity and 88% on profitability.
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, 11,279 companies had the same profile as Codevo has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Codevo 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.
| 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 11,279 companies, not a prediction for Codevo. 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 €23,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 1.68, above the usual 1.5. Short-term debt is 54% and cash 57.6% of total assets. However, 54% 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.
lowers riskraises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 1 filingDeviation from the deadline
2025
25 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- FONDU Maxime Alexandre Jean Ghislain 500 sharesdeed of 19-11-2024
- COLLIGNON Martin Laura Olivier 500 sharesdeed of 19-11-2024
Recent changes
First establishment
Route de Marche,Baillonville 12, Somme-Leuze
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016227032
Incorporation
Founding capital of €2,000, 1,000 shares · Founders: FONDU Maxime Alexandre Jean Ghislain and COLLIGNON Martin Laura Olivier · Appointments: FONDU Maxime Alexandre Jean Ghislain (statutory director) and COLLIGNON Martin Laura Olivier (statutory director) · published on 19-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Codevo Somme-Leuze | €526,447 | €370,486 | 46.0% | - |
| guyGANT Mortsel | €369,737 | €243,445 | 73.5% | - |
| VICAR Agency Bruges | €368,444 | €243,946 | 54.7% | 1.8 |
| AK DESIGNS Herve | €354,761 | €169,919 | 14.6% | - |
| ASSIST DIGITAL BELGIQUE Woluwe-Saint-Pierre | €303,745 | €447,845 | 11.9% | - |
| Mellow Media Turnhout | €252,594 | €298,124 | 80.9% | - |
| HAMOFA BRAND BUILDERS Hamont-Achel | €943,629 | €513,166 | 2.7% | 7.2 |
These companies have the same main activity as Codevo: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €253,000 and €944,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 14-11-2024Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Graphic design and visual communicationNACE 74120and 4 others
- Establishment unit
- 2.367.350.1285377 Somme-Leuze, since 01-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2024
Annual accounts 2025
- €370,486
- €247,724
- €242,303
- €526,447
- Employeeson 31-12-2025
- 2
- Filing
- Filed on 25-08-2026
Insights on Codevo
Codevo has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242,303 and a net result of €247,724.
Its solvency ranks better than 46% of 4,361 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-08-2026, 25 days late€370,486
€319,858
€247,724
€193,397
46.0%
1.68
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 ≈ €740,000. Estimated: probably between €520,000 and €1.1m.
Balance sheet
balance sheet total €526,447 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
46.0%
Higher than 46% of 4,361 companies in 2025.
1.68
Higher than 45% of 4,193 companies in 2025.
47.1%
Higher than 90% of 4,223 companies in 2025.
Codevo
Middle half of the sector
80% of the sector
Micro accounts in other professional activities (NACE 74)
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff
€23,979
Staff costs divided by the average number of full-time equivalents.
+2 people
people who joined
people who left
In 2025, 2 people joined and nobody left. Training hours in 2025: 406.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
526,447 | |
21/28 |
48,906 | |
22/27 |
48,696 | |
24 |
48,696 | |
28 |
210 | |
29/58 |
477,541 | |
40/41 |
162,576 | |
40 |
162,576 | |
54/58 |
302,990 | |
490/1 |
11,975 | |
| Balance sheet: equity and liabilities | ||
10/49 |
526,447 | |
10/15 |
242,303 | |
10/11 |
2,000 | |
14 |
240,303 | |
17/49 |
284,145 | |
42/48 |
284,145 | |
44 |
80,260 | |
440/4 |
80,260 | |
45 |
130,687 | |
450/3 |
97,976 | |
454/9 |
32,711 | |
47/48 |
73,198 | |
| Income statement | ||
9900 |
370,486 | |
62 |
33,571 | |
630 |
13,819 | |
640/8 |
3,239 | |
9901 |
319,858 | |
65/66B |
143 | |
65 |
143 | |
9903 |
319,715 | |
67/77 |
71,990 | |
9904 |
247,724 | |
9905 |
247,724 | |
| Appropriation of the result | ||
9906 |
247,724 | |
694/7 |
7,422 | |
696 |
7,422 | |
| Social balance sheet | ||
9087 |
1.4 | |
Hours worked1013 |
1,978 | |
| Document | ||
The notes to these accounts have 10 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 25-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 25 days after the deadline. Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423090.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00423090 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 333,677 | ||
| 261,543 | ||
| 62,724 | ||
| 193,397 | ||
| 46.0% | ||
| 1.68 | ||
| 1.17 | ||
| 102.2% | ||
| 47.1% | ||
| over 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.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 2 |
| full-time | 2 |
| part-time | 0 |
| in full-time equivalents | 2 |
| 1.4 | |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 0 |
| Training hours | 406 |
Source: social balance sheet in the 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €62,514 |
| Financial fixed assets | €210 |
| €13,819 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Codevo
Debt's share of the balance-sheet total is 54.0%.
Board & ownership
Board
2 directors, since incorporationStatutory director
since 14-11-2024
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 25-08-2026
Statutory director
since 14-11-2024
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 25-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit en défendant. Par exception à ce qui…”deed of 19-11-2024
Mandates through the years
2 names, the dashed line is todayCOLLIGNON Martin Laura Olivier
Statutory director
Statutory director
FONDU Maxime Alexandre Jean Ghislain
Statutory director
Statutory director
Board
Mandates as a list
- COLLIGNON Martin Laura Olivier
- Statutory director, from 14-11-2024 to date
- FONDU Maxime Alexandre Jean Ghislain
- Statutory director, from 14-11-2024 to date
Control
This company
Codevo
Equity €242,303
Profit €247,724 in 2025
Capital
- Contribution
- €2,000
- Shares
- 1,000
- Contribution per share
- €2
- Equity per share
- €242 in 2025
- Source
- deed of 19-11-2024
Articles of association
deed of 19-11-2024 (in French)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of May at 17:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 19-11-2024 ↗
- FONDU Maxime Alexandre Jean Ghislain 500 shares (50%) · €1,000
- COLLIGNON Martin Laura Olivier 500 shares (50%) · €1,000
Network & group
No group
Codevo has no parent and no holdings in its annual accounts.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
COBATI
via COLLIGNON Martin Laura Olivier and FONDU Maxime Alexandre Jean Ghislain · Statutory director · deed of 26-08-2025
Founded in 2025
→
CONTOUR AGENCY
via COLLIGNON Martin Laura Olivier and FONDU Maxime Alexandre Jean Ghislain · Director (not named in the articles) · deed of 26-06-2026
Founded in 2026
→
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 25 days late
2025
First establishment Route de Marche,Baillonville 12, Somme-Leuze
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1016227032
IncorporationFounding capital of €2,000, 1,000 shares · Founders: FONDU Maxime Alexandre Jean Ghislain and COLLIGNON Martin Laura Olivier · Appointments: FONDU Maxime Alexandre Jean Ghislain (statutory director) and COLLIGNON Martin Laura Olivier (statutory director) · published on 19-11-20247 points ▸
- Founder, FONDU Maxime Alexandre Jean Ghislain
- Founder, COLLIGNON Martin Laura Olivier
- Founding capital, €2,000, 1,000 shares
- Share issue, 1000
- Director appointment, FONDU Maxime Alexandre Jean Ghislain (statutory director), mentioned twice in the deed
- Director appointment, COLLIGNON Martin Laura Olivier (statutory director), mentioned twice in the deed
- Board rule, 2
- The deed holds 6 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1016.227.032
- VAT number
- BE 1016.227.032
- Peppol ID
- 0208:1016227032
- Other Peppol ID
- 9925:BE1016227032
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 14-11-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of May at 17:00deed of 19-11-2024 (in French)
- Website
- codevo.be
- Peppol
- Reachable since 02-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Codevo in French
- Entity type
- Legal entity
Activities
NACEBEL 2025VAT activities
74120
Graphic design and visual communication main activity
62100
Computer programming
63910
Web portal activities
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
74103
Other professional, scientific and technical activities main activity
62010
Computer programming, consultancy and related activities
62020
IT consultancy
62030
Computer programming, consultancy and related activities
63110
Computing infrastructure, data processing, hosting and other information service activities
63120
Computing infrastructure, data processing, hosting and other information service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le développement de solutions web et la fourniture de services de communication digitale; La création,le développement et la gestion de…”deed of 19-11-2024 (in French)
36 activities
- Le développement de solutions web et la fourniture de services de communication digitale
- La création,le développement et la gestion de sites web,applications web et mobiles
- La consultance et le conseil en stratégie digitale,incluant l'accompagnement des entreprises dans leurs processus de digitalisation
- Le développement sur mesure de solutions informatiques adaptées aux besoins spécifiques des clients
- La gestion de campagnes de communication en ligne,y compris la création de contenus,la gestion des réseaux sociaux,et le marketing digital
- La création,le développement,la commercialisation et la gestion de produits relatifs au Web et au Print. Le Web englobe la création,le développement,la commercialisation et la gestion de sites web.
- La société pourra assurer la réalisation technique d’un site ainsi que toutes les démarches liées à l’administration de ce site (par exemple,sans que cette liste soit exhaustive,la réservation d’un nom de domaine et d’adresse email,l’hébergement du site,son référencement,les statistiques liées à l’utilisation du site,etc.)
- Le Print englobe la création,le développement et la commercialisation de produits graphiques tels que,sans que cette liste soit exhaustive,les logotypes,les dépliants commerciaux,les cartes de visite,les plaquettes,les affiches,les panneaux,les annonces,les posters,les imprimés d’édition (brochures,livres,catalogues,magazines,etc.),le packaging (pochettes,boîtes,etc.),l’illustration,l’impression,etc
- La conception,la fabrication,la production,la transformation et la commercialisation de tous objets,produits et articles manufacturés ou non,documents,licences dans les domaines de l’aménagement intérieur et extérieur,de l’informatique,du e-commerce,de la téléphonie,du multimédia et la bureautique
- La conception,la vente et la mise à disposition d’applications et matériels informatiques
- La diffusion,la conception et la vente de publicités ou produits publicitaires (sur tout type de support en ce compris le web ou toute nouvelle technologie),l’organisation de manifestations ou d’évènements
- Le community management
- La gestion et la livraison de stocks,de matériels et de marchandises
- La location de matériels et de marchandises
- Toutes fonctions de consultance et/ou de services liés aux domaines prérappelés,le conseil,la formation,l’expertise technique et l’assistance,la prestation de service et l’intervention en tant qu’intermédiaire dans les domaines précités
- La conception,la fabrication,la production,la transformation,la signalétique et l’aménagement d’espaces intérieurs ou extérieurs de bureaux ou tout autre type de bâtiment.
- Le traitement de données,hébergement et activités connexes; portails Internet
- Autres services d'information
- La publicité
- Les études de marché et sondages d'opinion
- Les activités spécialisées de design
- Les activités photographiques
- La programmation,le conseil et autres activités informatiques
- Les activités créatives,artistiques et de spectacle
- Les activités cinématographiques,vidéo et de télévision
- L’édition de livres et de périodiques et autres activités d'édition
- L’imprimerie
- L’édition et la location de logiciels,les réparations d’ordinateurs et biens de communication,le commerce d'équipements de l'information et de la communication,les réparations de biens personnels,le commerce d'équipements de l'information et de la communication,la programmation informatique,la consultance informatique
- L’achat,la vente en direct ou en ligne,le commerce de gros et de détail de système et de matériel,neuf ou d’occasion,informatique et de télécommunication
- L’importation,l’exportation,l’achat,la vente,la distribution,la location d’équipements informatique et de tout type de logiciel,produit ou matériel informatique,ainsi que le design graphique de programmes informatiques
- La réalisation,la production et la distribution d’œuvres et de projets multimédia et audiovisuels.
- Le conseil de gestion,la traduction et l’interprétation,l’organisation de salons professionnels et de congrès,les activités des agences de placement de main d'œuvre,business center
- Le commerce de gros d'autres biens domestiques,l’installation de machines et d'équipements industriels,la réparation de machines et d'équipements,le commerce de gros d'autres équipements industriels,le commerce de détail hors magasin,éventaires ou marchés,l’entreposage et le stockage
- La fabrication de meubles,les travaux de construction,rénovation,les travaux d'installation électrique,de plomberie et autres travaux d'installation,les travaux de finitions
- L’hébergement touristique et autre hébergement de courte durée.
- Toutes opérations immobilières,agricoles et forestières et notamment,la vente,l'achat,l'échange de terrains,bois,fonds de bois et immeubles de toute nature ; leur prise en location,leur mise à disposition de tiers en vertu de tous contrats à titre onéreux ou à titre gratuit,l'acquisition de leur jouissance,leur exploitation et leur mise en valeur sous quelques formes que ce soit,pour compte propre ou pour compte de tiers,le lotissement,la mise en copropriété,la division horizontale et verticale,la gestion,l'entretien,la réparation,la construction,la promotion,la restauration,la location et le financement de tous immeubles,et en général tout ce qui se rattache aux domaines immobiliers ou forestier
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Route de Marche,Baillonville 12 registered office 5377 Somme-Leuze | 01-01-2025 | 2.367.350.128 |
Buildings and parcels at the address
- Ground area
- 1.2 ha
- Buildings
- 134 m²
- Volume, LiDAR
- 1,475 m³
- Tallest building
- 13.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 91010B0266/00G000 | 1.2 ha | 1 · 134 m² | 13.4 m · 4 |
Contact
E-mail
info@codevo.be
Phone
+32 494 06 85 66
Phone
+32 494 06 85 66 establishment in Somme-Leuze