CODIGRAN
ActiveSummary
CODIGRAN has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€8,104) and a net result of -€9,782. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25=
Solvency24=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 0.97 in 2023; short-term debt: 89.8% and cash: 1.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€8,104
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
18 d late
2021
8 d late
2020
5 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,782▲ 47.9%
2023 · -€18,782
Working capital
-€13,028▲ 56.3%
2023 · -€29,823
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€20,645▲ 11.2%€9,964▼ 51.7%€94,745▲ 851%-€888€51,635
Net result€921below the sector's middle half€4,584below the sector's middle half▲ 398%€22,031within the sector's middle half▲ 381%-€18,782below the sector's middle half-€9,782below the sector's middle half▲ 47.9%
Equity€134,755below the sector's middle half▲ 0.7%€11,860below the sector's middle half▼ 91.2%€11,860below the sector's middle half=-€6,922below the sector's middle half-€8,104below the sector's middle half▼ 17.1%
Total assets€1.2mwithin the sector's middle half▼ 9.5%€1.1mwithin the sector's middle half▼ 12.0%€1.2mwithin the sector's middle half▲ 10.4%€988,860within the sector's middle half▼ 15.3%€1.3mwithin the sector's middle half▲ 29.0%
Debt€1.1m▼ 10.6%€1.0m▼ 2.1%€1.2m▲ 10.6%€995,782▼ 13.9%€1.3m▲ 28.9%
Working capital€109,420within the sector's middle half▲ 119%-€41,532below the sector's middle half-€28,446below the sector's middle half▲ 31.5%-€29,823below the sector's middle half▼ 4.8%-€13,028below the sector's middle half▲ 56.3%
Solvency11.2%below the sector's middle half▲ 1.1pp1.1%below the sector's middle half▼ 10.1pp1.0%below the sector's middle half▼ 0.1pp-0.7%below the sector's middle half▼ 1.7pp-0.6%below the sector's middle half▲ 0.1pp
Current ratio1.11below the sector's middle half▲ 0.070.96below the sector's middle half▼ 0.150.98below the sector's middle half▲ 0.020.97below the sector's middle half▼ 0.010.99below the sector's middle half▲ 0.02
Return on assets (ROA)0.1%below the sector's middle half▲ 0.1pp0.4%below the sector's middle half▲ 0.4pp1.9%within the sector's middle half▲ 1.5pp-1.9%below the sector's middle half▼ 3.8pp-0.8%below the sector's middle half▲ 1.1pp
Staff (FTE)4within the sector's middle half▼ 16.7%4within the sector's middle half=4.4within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €51,635 after a loss of €888 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€142,722 ▲ 523%
Current assets
€1.1m ▲ 17.3%
Key figures and ratios
EBITDA
€63,547▲
2023 · €22,252
Cash flow
€2,130▼
2023 · €4,357
Quick ratio
0.70▲
2023 · 0.67
Interest coverage
0.92▼
2023 · 0.99
Debt ≤ 1 year
€1.1m▲
2023 · €995,782
Debt > 1 year
€137,798
Income taxes
€4,141▼
2023 · €9,685
Staff costs
€176,853▲
2023 · €176,606
A ratio outside any meaningful range has been withheld (balance sheet total €1.3m, equity -€8,104).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 1,570 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €150,212 | €201,311 | €176,606 | €176,853 | ▲ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,289 | €41,901 | €30,636 | €23,139 | €11,912 | ▼ 48.5% |
| Other operating charges640/8 | - | €17,332 | €14,980 | €48,997 | €40,722 | ▼ 16.9% |
| Gross operating margin9900 | €246,811 | €219,409 | €341,671 | €247,854 | €281,122 | ▲ 13.4% |
| Operating profit (loss)9901 | €20,645 | €9,964 | €94,745 | -€888 | €51,635 | ▲ 5,915% |
| Financial income75/76B | - | €19,920 | €11,434 | €14,228 | €11,557 | ▼ 18.8% |
| Recurring financial income75 | €20,998 | €19,920 | €11,434 | €14,228 | €11,557 | ▼ 18.8% |
| Financial charges65/66B | - | €21,711 | €48,661 | €22,438 | €68,833 | ▲ 207% |
| Recurring financial charges65 | €38,426 | €21,711 | €48,661 | €22,438 | €68,833 | ▲ 207% |
| Profit (loss) for the period before taxes9903 | €3,217 | €8,173 | €57,518 | -€9,098 | -€5,641 | ▲ 38.0% |
| Income taxes67/77 | €2,295 | €3,589 | €35,487 | €9,685 | €4,141 | ▼ 57.2% |
| Profit (loss) for the period9904 | €921 | €4,584 | €22,031 | -€18,782 | -€9,782 | ▲ 47.9% |
| Profit (loss) for the period to be appropriated9905 | €921 | €4,584 | €22,031 | -€18,782 | -€9,782 | ▲ 47.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.2m | €988,860 | €1.3m | ▲ 29.0% |
| Formation expenses20 | €660 | €166 | - | - | - | - |
| Fixed assets21/28 | €110,127 | €73,423 | €46,041 | €22,901 | €142,722 | ▲ 523% |
| Intangible fixed assets21 | €58,036 | €40,178 | €22,321 | €4,464 | - | - |
| Tangible fixed assets22/27 | €52,091 | €33,245 | €23,720 | €18,437 | €142,722 | ▲ 674% |
| Plant, machinery and equipment23 | - | €15,375 | €15,437 | €13,346 | €140,681 | ▲ 954% |
| Furniture and vehicles24 | - | €5,684 | €141 | - | - | - |
| Leasing and similar rights25 | - | €12,186 | €8,142 | €5,092 | €2,041 | ▼ 59.9% |
| Current assets29/58 | €1.1m | €983,935 | €1.1m | €965,959 | €1.1m | ▲ 17.3% |
| Amounts receivable after more than one year29 | - | €442,050 | €342,050 | €312,050 | €282,050 | ▼ 9.6% |
| Other amounts receivable291 | - | €442,050 | €342,050 | €312,050 | €282,050 | ▼ 9.6% |
| Stocks and contracts in progress3 | €200,844 | €260,139 | €448,000 | €299,600 | €325,878 | ▲ 8.8% |
| Stocks30/36 | - | €260,139 | €448,000 | €299,600 | €325,878 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €114,066 | €249,022 | €155,827 | €340,946 | €509,436 | ▲ 49.4% |
| Trade receivables40 | - | €138,879 | €107,558 | €273,736 | €405,946 | ▲ 48.3% |
| Other amounts receivable41 | - | €110,143 | €48,269 | €67,209 | €103,490 | ▲ 54.0% |
| Cash at bank and in hand54/58 | €10,923 | €8,632 | €2,042 | €12,510 | €14,585 | ▲ 16.6% |
| Deferred charges and accrued income490/1 | - | €24,092 | €173,893 | €853 | €853 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.2m | €988,860 | €1.3m | ▲ 29.0% |
| Equity10/15 | €134,755 | €11,860 | €11,860 | -€6,922 | -€8,104 | ▼ 17.1% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €18,600 | ▲ 86.0% |
| Outside capital11 | - | €10,000 | - | - | - | - |
| Other1109/19 | - | €10,000 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €122,895 | - | - | -€18,782 | -€28,564 | ▼ 52.1% |
| Amounts payable17/49 | €1.1m | €1.0m | €1.2m | €995,782 | €1.3m | ▲ 28.9% |
| Amounts payable after more than one year17 | €51,443 | €20,197 | - | - | €137,798 | - |
| Financial debts170/4 | - | €20,197 | - | - | €137,798 | - |
| Amounts payable within one year42/48 | €982,120 | €1.0m | €1.2m | €995,782 | €1.1m | ▲ 15.1% |
| Current portion of amounts payable after more than one year42 | - | €115,574 | €90,251 | €33,803 | €150,047 | ▲ 344% |
| Financial debts43 | - | - | €80,000 | €193,421 | €180,990 | ▼ 6.4% |
| Credit institutions430/8 | - | - | €80,000 | €193,421 | €180,990 | ▼ 6.4% |
| Trade debts44 | €280,584 | €450,602 | €630,907 | €598,444 | €739,839 | ▲ 23.6% |
| Suppliers440/4 | - | €450,602 | €630,907 | €598,444 | €739,839 | ▲ 23.6% |
| Taxes, remuneration and social security45 | - | €86,126 | €83,856 | €63,052 | €74,954 | ▲ 18.9% |
| Taxes450/3 | - | €57,755 | €40,266 | €36,288 | €40,232 | ▲ 10.9% |
| Remuneration and social security454/9 | - | €28,372 | €43,590 | €26,765 | €34,722 | ▲ 29.7% |
| Other amounts payable47/48 | - | €373,164 | €265,245 | €107,062 | - | - |
| Accrued charges and deferred income492/3 | - | - | €5,734 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €921 | €4,584 | €22,031 | -€18,782 | -€9,782 | ▲ 47.9% |
| + Depreciation and write-downs630 | €54,289 | €41,901 | €30,636 | €23,139 | €11,912 | ▼ 48.5% |
| Operating cash flow (approximation) | €55,210 | €46,486 | €52,667 | €4,357 | €2,130 | ▼ 51.1% |
| Investment in fixed assets (approximation) | - | -€5,198 | -€3,254 | €0 | -€131,733 | - |
| Change in cash | - | -€2,290 | -€6,591 | €10,468 | €2,075 | ▼ 80.2% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€18,782
Net result drops to -€18,782, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 18 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €921
Net result €921 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Mons · 1 establishment unit since 2017
Ground area
465 m²
Building footprint
108 m²
Volume, LiDAR
1,064 m³
Parcel 53030D0217/00Y000, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CODIGRAN
since 20172.264.235.663
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0217/00Y000 | Wallonia | 465 m² | 1 · 108 m² | 12.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMons2.264.235.663
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Of 538 companies in sector 46120 we hold annual accounts for 305. 104 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
Founded31-03-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
47762Retail sale of pets, pet food and pet supplies
46382Wholesale trade
47525Retail trade
Contact
E-mail
gregmarie@skynet.beMons
E-invoicing
Reachable via Peppol
Peppol ID
0208:0673711025
Registered
18-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.