Codiline
ActiveThe file of Codiline contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 4.4% (elevated). The 2024 annual accounts show negative equity (-€61,046) and a net result of -€15,436. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9527 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▲+3
Solvency0▼-5
Growth32=
Track record60
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.58 against 0.29 in 2023; short-term debt: 173.4% and cash: 22.6% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
-73.5%
Return on assets
-18.6%
Age of the figures
21 mo
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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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 -€61,046
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
65 d late
2022
20 d early
2021
12 d late
2020
12 d early
2019
16 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 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€61,046▼ 33.8%
2023 · -€45,610
Total assets
€83,109▼ 63.7%
2023 · €228,963
Net result
-€15,436▲ 83.5%
2023 · -€93,697
Working capital
-€61,139▲ 63.7%
2023 · -€168,294
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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
Line20202021202220232024
Operating result-€43,533-€44,071▼ 1.2%-€19,900▲ 54.8%-€61,473▼ 209%€8,911
Net result-€5,298below the sector's middle half-€53,674below the sector's middle half▼ 913%€11,004within the sector's middle half-€93,697below the sector's middle half-€15,436below the sector's middle half▲ 83.5%
Equity€90,757within the sector's middle half▼ 5.5%€37,083within the sector's middle half▼ 59.1%€48,087within the sector's middle half▲ 29.7%-€45,610below the sector's middle half-€61,046below the sector's middle half▼ 33.8%
Total assets€305,966within the sector's middle half▼ 12.1%€269,552within the sector's middle half▼ 11.9%€241,337within the sector's middle half▼ 10.5%€228,963within the sector's middle half▼ 5.1%€83,109within the sector's middle half▼ 63.7%
Debt€215,209▼ 14.6%€232,469▲ 8.0%€193,250▼ 16.9%€238,955▲ 23.7%€144,155▼ 39.7%
Working capital-€10,465within the sector's middle half▲ 39.5%-€94,635below the sector's middle half▼ 804%-€113,037below the sector's middle half▼ 19.4%-€168,294below the sector's middle half▼ 48.9%-€61,139below the sector's middle half▲ 63.7%
Solvency29.7%within the sector's middle half▲ 2.1pp13.8%below the sector's middle half▼ 15.9pp19.9%within the sector's middle half▲ 6.2pp-19.9%below the sector's middle half▼ 39.8pp-73.5%below the sector's middle half▼ 53.5pp
Current ratio0.91within the sector's middle half▲ 0.030.49below the sector's middle half▼ 0.430.39below the sector's middle half▼ 0.100.29below the sector's middle half▼ 0.100.58below the sector's middle half▲ 0.28
Return on assets (ROA)-1.7%below the sector's middle half▼ 19.2pp-19.9%below the sector's middle half▼ 18.2pp4.6%within the sector's middle half▲ 24.5pp-40.9%below the sector's middle half▼ 45.5pp-18.6%below the sector's middle half▲ 22.3pp
Staff (FTE)5.5above the sector's middle half▼ 6.8%9▲ 63.6%6.9▼ 23.3%5▼ 27.5%4.3▼ 14.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support 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 returns to profit in 2024: €8,911 after a loss of €61,473 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €83,109
Fixed assets
€135 ▼ 99.9%
Current assets
€82,974 ▲ 19.2%
Key figures and ratios
EBITDA
€8,911▲
2023 · -€55,121
Cash flow
-€15,436▲
2023 · -€87,345
Debt to equity
-2.36▲
2023 · -5.24
Interest coverage
0.37▲
2023 · -1.65
Debt ≤ 1 year
€144,113▼
2023 · €237,878
Income taxes
-€59▼
2023 · €344
Staff costs
€104,577▼
2023 · €108,583
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.8%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.4% 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 6,639 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,260 | €14,504 | €18,956 | ▲ 30.7% |
| Remuneration, social security and pensions62 | - | €104,386 | €104,150 | €108,583 | €104,577 | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,938 | €24,969 | €7,269 | €6,352 | €0 | ▼ 100% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,341 | €843 | - | -€5,200 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €35,618 | €3,921 | ▼ 89.0% |
| Other operating charges640/8 | - | €4,108 | €3,163 | €4,106 | €13,163 | ▲ 221% |
| Non-recurring operating charges66A | - | - | €2,195 | - | €1,610 | - |
| Gross operating margin9900 | €90,150 | €90,733 | €97,720 | €93,186 | €126,982 | ▲ 36.3% |
| Operating profit (loss)9901 | -€43,533 | -€44,071 | -€19,900 | -€61,473 | €8,911 | ▲ 114% |
| Financial income75/76B | - | €85 | - | €1,439 | €0 | ▼ 100.0% |
| Recurring financial income75 | €2 | €85 | - | €1,439 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €5,761 | -€31,248 | €33,319 | €24,407 | ▼ 26.7% |
| Recurring financial charges65 | -€38,760 | €5,761 | -€31,248 | €33,319 | €24,407 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | -€4,771 | -€49,746 | €11,348 | -€93,353 | -€15,495 | ▲ 83.4% |
| Income taxes67/77 | €528 | €3,928 | €344 | €344 | -€59 | ▼ 117% |
| Profit (loss) for the period9904 | -€5,298 | -€53,674 | €11,004 | -€93,697 | -€15,436 | ▲ 83.5% |
| Transfer from tax-exempt reserves789 | - | €27,008 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€3,446 | -€26,666 | €11,004 | -€93,697 | -€15,436 | ▲ 83.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,966 | €269,552 | €241,337 | €228,963 | €83,109 | ▼ 63.7% |
| Fixed assets21/28 | €195,475 | €179,990 | €169,781 | €159,379 | €135 | ▼ 99.9% |
| Tangible fixed assets22/27 | €191,290 | €175,805 | €165,596 | €159,244 | €0 | ▼ 100% |
| Land and buildings22 | - | €171,208 | €165,226 | €159,244 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €4,597 | €370 | - | - | - |
| Financial fixed assets28 | €4,185 | €4,185 | €4,185 | €135 | €135 | = |
| Current assets29/58 | €110,490 | €89,563 | €71,556 | €69,584 | €82,974 | ▲ 19.2% |
| Amounts receivable within one year40/41 | €100,667 | €77,056 | €64,905 | €62,197 | €61,630 | ▼ 0.9% |
| Trade receivables40 | - | €64,189 | €48,447 | €47,831 | €49,919 | ▲ 4.4% |
| Other amounts receivable41 | - | €12,867 | €16,458 | €14,366 | €11,711 | ▼ 18.5% |
| Cash at bank and in hand54/58 | €4,525 | €4,326 | €2,650 | €5,027 | €18,788 | ▲ 274% |
| Deferred charges and accrued income490/1 | - | €8,181 | €4,001 | €2,360 | €2,557 | ▲ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,966 | €269,552 | €241,337 | €228,963 | €83,109 | ▼ 63.7% |
| Equity10/15 | €90,757 | €37,083 | €48,087 | -€45,610 | -€61,046 | ▼ 33.8% |
| Contributions10/11 | - | €27,000 | €27,000 | €27,000 | €27,000 | = |
| Reserves13 | €59,519 | €32,511 | €32,511 | €32,511 | €32,511 | = |
| Non-distributable reserves130/1 | - | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Reserves not available under the articles1311 | - | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Tax-exempt reserves132 | - | €4,811 | €4,811 | €4,811 | €4,811 | = |
| Distributable reserves133 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €4,238 | -€22,428 | -€11,424 | -€105,121 | -€120,557 | ▼ 14.7% |
| Provisions and deferred taxes16 | - | - | - | €35,618 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €35,618 | €0 | ▼ 100% |
| Pensions and similar obligations160 | - | - | - | €35,618 | €0 | ▼ 100% |
| Amounts payable17/49 | €215,209 | €232,469 | €193,250 | €238,955 | €144,155 | ▼ 39.7% |
| Amounts payable after more than one year17 | €93,564 | €46,936 | €6,890 | - | - | - |
| Financial debts170/4 | - | €46,936 | €6,890 | - | - | - |
| Amounts payable within one year42/48 | €120,956 | €184,198 | €184,593 | €237,878 | €144,113 | ▼ 39.4% |
| Current portion of amounts payable after more than one year42 | - | €46,628 | €40,046 | €23,842 | €0 | ▼ 100% |
| Financial debts43 | - | €22,441 | €26,103 | €26,743 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €22,441 | €26,103 | €26,743 | €0 | ▼ 100% |
| Trade debts44 | €23,118 | €42,269 | €29,552 | €44,904 | €25,558 | ▼ 43.1% |
| Suppliers440/4 | - | €42,269 | €29,552 | €44,904 | €25,558 | ▼ 43.1% |
| Taxes, remuneration and social security45 | - | €72,861 | €88,892 | €142,389 | €118,555 | ▼ 16.7% |
| Taxes450/3 | - | €56,603 | €67,322 | €96,372 | €67,162 | ▼ 30.3% |
| Remuneration and social security454/9 | - | €16,258 | €21,570 | €46,017 | €51,394 | ▲ 11.7% |
| Accrued charges and deferred income492/3 | - | €1,335 | €1,767 | €1,076 | €42 | ▼ 96.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,298 | -€53,674 | €11,004 | -€93,697 | -€15,436 | ▲ 83.5% |
| + Depreciation and write-downs630 | €23,938 | €24,969 | €7,269 | €6,352 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €18,640 | -€28,705 | €18,273 | -€87,345 | -€15,436 | ▲ 82.3% |
| Investment in fixed assets (approximation) | - | -€9,483 | €2,940 | €4,050 | €159,244 | ▲ 3,832% |
| Change in cash | - | -€199 | -€1,676 | €2,377 | €13,761 | ▲ 479% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
19-03
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 13-03-2024
2023
31-12
Financial
Weakest financial yearnet -€93,697
Net result drops to -€93,697, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €11,004
Net result €11,004 after 2 loss-making years.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €60,780 ▲667%
Net result €60,780, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial 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, Antwerpen · 1 establishment unit since 1999
Ground area
225 m²
Building footprint
100 m²
Volume, LiDAR
810 m³
Parcel 11346B0516/00D004, Flanders · tallest building 9.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CODILINE
since 19992.000.161.675
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0516/00D004 | Flanders | 225 m² | 1 · 100 m² | 9.2 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.
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Of 4,579 companies in sector 82300 we hold annual accounts for 1,674. 1,279 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 (pre-2019)
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0406004386
Also
9925:BE0406004386
Registered
03-04-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.