Codipral
ActiveSummary
Codipral has been active since 1950 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275,010 and a net result of €96,097. Equity is growing by about 25% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.1% (low).
Overview
- Equity
- €275,010
- Profit
- €96,097
Why 55raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 30-10-2025)1 financial year not filed after the legal deadline; latest accounts 91 days late; 3 of the last 3 lateLiquidity: current ratio 0.01, cash €5,481, halvedlowers riskSize: total assets €766,828Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 36% on solvency, 13% on liquidity, 67% on profitability and 83% on growth.
The bankruptcy probability was computed on 20-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 88 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Highest result from 2018 to 2024net €96,097 ▲77.7%
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 21 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 101% above 2023 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,139 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,077 | €16,077 | €16,077 | €16,077 | €16,077 | €14,559 | €18,592 | ▲ 27.7% |
| Other operating charges640/8 | - | - | - | €4,208 | €13,703 | €646 | €11,011 | ▲ 1,604% |
| Gross operating margin9900 | €74,898 | €39,472 | €40,328 | €20,995 | €115,324 | €73,890 | €147,337 | ▲ 99.4% |
| Operating profit (loss)9901 | €53,183 | €17,784 | €28,699 | €709 | €85,544 | €58,684 | €117,733 | ▲ 101% |
| Financial charges65/66B | - | - | - | €10,414 | €4,826 | €4,606 | €4,732 | ▲ 2.7% |
| Recurring financial charges65 | €21,324 | €13,014 | €12,752 | €10,414 | €4,826 | €4,606 | €4,732 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €31,859 | €4,769 | €15,947 | -€9,705 | €80,717 | €54,079 | €113,002 | ▲ 109% |
| Income taxes67/77 | €9,846 | -€9,731 | - | - | - | - | €16,905 | - |
| Profit (loss) for the period9904 | €22,013 | €14,500 | €15,947 | -€9,705 | €80,717 | €54,079 | €96,097 | ▲ 77.7% |
| Profit (loss) for the period to be appropriated9905 | €22,013 | €14,500 | €15,947 | -€9,705 | €80,717 | €54,079 | €96,097 | ▲ 77.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €639,894 | €621,164 | €614,320 | €571,791 | €486,511 | €526,275 | €766,828 | ▲ 45.7% |
| Fixed assets21/28 | €470,807 | €454,730 | €438,653 | €422,576 | €406,499 | €399,939 | €761,347 | ▲ 90.4% |
| Intangible fixed assets21 | - | - | - | - | - | - | €59,508 | - |
| Tangible fixed assets22/27 | €470,807 | €454,730 | €438,653 | €422,576 | €406,499 | €391,939 | €693,839 | ▲ 77.0% |
| Land and buildings22 | - | - | - | €422,576 | €406,499 | €391,939 | €693,839 | ▲ 77.0% |
| Financial fixed assets28 | - | - | - | - | - | €8,000 | €8,000 | = |
| Current assets29/58 | €169,087 | €166,434 | €175,667 | €149,215 | €80,012 | €126,336 | €5,481 | ▼ 95.7% |
| Stocks and contracts in progress3 | €144,333 | €144,333 | €144,333 | €144,333 | €72,333 | €72,333 | - | - |
| Stocks30/36 | - | - | - | €144,333 | €72,333 | €72,333 | - | - |
| Amounts receivable within one year40/41 | €20,162 | €20,247 | €27,470 | €727 | €1,292 | €16,000 | - | - |
| Trade receivables40 | - | - | - | - | - | €16,000 | - | - |
| Other amounts receivable41 | - | - | - | €727 | €1,292 | - | - | - |
| Current investments50/53 | - | €900 | €900 | €900 | €900 | €900 | - | - |
| Cash at bank and in hand54/58 | €4,592 | €954 | €2,964 | €3,255 | €5,487 | €37,103 | €5,481 | ▼ 85.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €639,894 | €621,164 | €614,320 | €571,791 | €486,511 | €526,275 | €766,828 | ▲ 45.7% |
| Equity10/15 | €69,374 | €83,875 | €99,822 | €90,117 | €147,887 | €201,966 | €275,010 | ▲ 36.2% |
| Contributions10/11 | €104,413 | €104,413 | €104,413 | €104,413 | €104,413 | €104,413 | €104,413 | = |
| Capital10 | - | - | - | €104,413 | €104,413 | €104,413 | €104,413 | = |
| Issued capital100 | - | - | - | €104,413 | €104,413 | €104,413 | €104,413 | = |
| Revaluation surpluses12 | - | - | - | €96,000 | €73,053 | €73,053 | €50,000 | ▼ 31.6% |
| Reserves13 | €30,774 | €30,774 | €30,774 | €30,774 | €30,774 | €30,774 | €36,257 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | - | - | €4,958 | €4,958 | €4,958 | €10,441 | ▲ 111% |
| Legal reserve130 | - | - | - | €4,958 | €4,958 | €4,958 | €10,441 | ▲ 111% |
| Tax-exempt reserves132 | - | - | - | €2,594 | €2,594 | €2,594 | €2,594 | = |
| Distributable reserves133 | - | - | - | €23,222 | €23,222 | €23,222 | €23,222 | = |
| Profit (loss) carried forward14 | -€161,812 | -€147,312 | -€131,365 | -€141,070 | -€60,353 | -€6,274 | €84,340 | - |
| Amounts payable17/49 | €570,520 | €537,290 | €514,499 | €481,674 | €338,624 | €324,309 | €491,818 | ▲ 51.7% |
| Amounts payable after more than one year17 | €450,980 | €389,050 | €422,523 | €396,191 | €284,532 | €69,123 | €55,429 | ▼ 19.8% |
| Financial debts170/4 | - | - | - | €247,300 | €71,821 | €58,413 | €44,719 | ▼ 23.4% |
| Other amounts payable178/9 | - | - | - | €148,891 | €212,711 | €10,710 | €10,710 | = |
| Amounts payable within one year42/48 | €119,540 | €143,792 | €91,975 | €85,484 | €54,091 | €255,187 | €436,389 | ▲ 71.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €38,283 | €35,641 | €37,508 | €13,693 | ▼ 63.5% |
| Trade debts44 | €32,236 | €28,627 | €30,249 | - | €11,451 | €1,582 | €132,305 | ▲ 8,264% |
| Suppliers440/4 | - | - | - | - | €11,451 | €1,582 | €132,305 | ▲ 8,264% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €16,905 | - |
| Taxes450/3 | - | - | - | - | - | - | €16,905 | - |
| Other amounts payable47/48 | - | - | - | €47,201 | €7,000 | €216,097 | €273,485 | ▲ 26.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,013 | €14,500 | €15,947 | -€9,705 | €80,717 | €54,079 | €96,097 | ▲ 77.7% |
| + Depreciation and write-downs630 | €16,077 | €16,077 | €16,077 | €16,077 | €16,077 | €14,559 | €18,592 | ▲ 27.7% |
| Operating cash flow (approximation) | €38,090 | €30,577 | €32,024 | €6,372 | €96,795 | €68,638 | €114,689 | ▲ 67.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | -€8,000 | -€380,000 | ▼ 4,650% |
| Change in cash | - | -€3,638 | €2,010 | €291 | €2,232 | €31,615 | -€31,622 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 30-10-2025 | 2025-00554378 |
| 31-12-2023 | micro format | 08-10-2024 | 2024-00506269 |
| 31-12-2022 | micro format | 28-11-2023 | 2023-00518513 |
| 31-12-2021 | micro format | 29-11-2022 | 2022-20530997 |
| 31-12-2020 | micro format | 05-08-2021 | 2021-47500148 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-74000361 |
| 31-12-2018 | micro format | 08-10-2019 | 2019-69300058 |
| 31-12-2017 | full format | 30-08-2018 | 2018-58000551 |
| 31-12-2016 | full format | 25-05-2018 | 2018-14000563 |
| 31-12-2015 | full format | 11-08-2016 | 2016-41700540 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Show earlier events
About the unread acts
We know of 7 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21305B0244/00B009 | Brussels | 355 m² | 1 · 148 m² | 16.9 m · 5 |
| 21673D0074/00D002 | Brussels | 114 m² | 1 · 86 m² | 10.4 m · 3 |