CODIF MEDIA
ActiveCODIF MEDIA has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €-15k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 68% of 677 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-2
Solvency98▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 3.47 in 2024; short-term debt: 26.8% and cash: 22.2% of total assets), and 26.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Sector 58
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-15k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
21 d late
2023
27 d late
2022
100 d late
2021
180 d late
2020
59 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€106k▼ 12.5%
2024 · €121k
2018: €162k
2019: €116k
2020: €70k
2021: €73k
2022: €158k
2023: €135k
2024: €121k
2018 → 2025
Total assets
€145k▼ 10.5%
2024 · €162k
2018: €325k
2019: €286k
2020: €256k
2021: €235k
2022: €233k
2023: €184k
2024: €162k
2018 → 2025
Net result
€-15k▼ 6.2%
2024 · €-14k
2018: €-29k
2019: €-46k
2020: €-46k
2021: €3k
2022: €84k
2023: €-22k
2024: €-14k
2018 → 2025
Working capital
€79k▼ 20.6%
2024 · €100k
2018: €32k
2019: €2k
2020: €-32k
2021: €-19k
2022: €152k
2023: €134k
2024: €100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€158k▲ 115%€135k▼ 14.1%€121k▼ 10.6%€106k▼ 12.5%
Operating result€13k-€93k▲ 595%€-21k€-14k▲ 35.1%€-15k▼ 11.3%
Net result€3k-€84k▲ 2,676%€-22k€-14k▲ 35.8%€-15k▼ 6.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2025 against €14k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€27k▲ 25.8%
Current assets
€118k▼ 15.9%
Equity and liabilities €145k
Equity
€106k▼ 12.5%
Debt
€39k▼ 4.2%
The debt ratio rises from 25.1% to 26.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-11k
Cash flow
€-5k▲
2024 · €-12k
Solvency
73.2%▼
2024 · 74.9%
Current ratio
3.05▼
2024 · 3.47
Quick ratio
3.05▼
2024 · 3.47
Debt / equity
0.37▲
2024 · 0.33
ROE
-14.3%▼
2024 · -11.8%
ROA
-10.5%▼
2024 · -8.8%
Interest coverage
-6.28▲
2024 · -17.14
Debt
€39k▼
2024 · €41k
Debt ≤ 1 year
€39k▼
2024 · €41k
Income taxes
€22▼
2024 · €67
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€145k▼
Fixed assets21/28€21k€27k▲
Intangible fixed assets21-€4k
Tangible fixed assets22/27€20k€21k▲
Plant, machinery and equipment23€20k€21k▲
Financial fixed assets28€1k€1k=
Current assets29/58€141k€118k▼
Amounts receivable within one year40/41€92k€85k▼
Trade receivables40€87k€79k▼
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€48k€32k▼
Deferred charges and accrued income490/1-€659
Equity and liabilities
Total equity and liabilities10/49€162k€145k▼
Equity10/15€121k€106k▼
Contributions10/11€20k€20k=
Outside capital11€20k-
Other1109/19€20k-
Reserves13€19k€19k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€82k€67k▼
Amounts payable17/49€41k€39k▼
Amounts payable within one year42/48€41k€39k▼
Trade debts44€3k€27k▲
Suppliers440/4€3k€27k▲
Advances received on contracts in progress46€21k€2k▼
Taxes, remuneration and social security45€603€182▼
Taxes450/3€603€182▼
Other amounts payable47/48€16k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€10k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€-10k€2k▲
Operating profit (loss)9901€-14k€-15k▼
Financial income75/76B-€704
Recurring financial income75-€704
Financial charges65/66B€650€759▲
Recurring financial charges65€650€759▲
Profit (loss) for the period before taxes9903€-14k€-15k▼
Income taxes67/77€67€22▼
Profit (loss) for the period9904€-14k€-15k▼
Profit (loss) for the period to be appropriated9905€-14k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€82k€67k▼
Profit (loss) brought forward from the previous period14P€96k€82k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 180 days late
2022
31-12
Financial
Highest result since 2018net €84k ▲2676%
Operating result €93k, net result €84k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 3.03
Current ratio from 0.88 to 3.03; short-term debt falls from €152k to €75k.
31-12
Financial
Equity above €150kEq €158k ▲115%
2 profitable years in a row build equity to €158k.
2021
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial
Weakest financial yearnet €-46k
Net result drops to €-46k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 136 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Châtelet · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Sablières 76200 ChâteletGround area
314 m²
Building footprint
74 m²
Volume, LiDAR
679 m³
Parcel 52012B0141/00X000, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CODIF MEDIA
since 20002.093.744.901
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012B0141/00X000 | Wallonia | 314 m² | 1 · 74 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KNOPSPUBLISHING
BE 0891.853.731
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BULLE MÉDIA
BE 0691.840.424
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FLFF CREATION
BE 1013.768.972
Watermaal-Bosvoorde · Eq €110k
NOW DISCS
BE 0429.327.641
Menen · Eq €112k
ATLANTIC 12
BE 0597.738.150
Anderlecht · Eq €114k
Of 716 companies in sector 58190 we hold annual accounts for 214. 152 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2000
Fiscal year end31-12
Activities, NACEBEL
58190Other publishing activities, excluding software publishing
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.