CODISPEED
ActiveCODISPEED has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136k and a net result of €134k. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 39% of 806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92▼-8
Solvency44▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.98 in 2024; short-term debt: 67.9% and cash: 52.6% of total assets), and 81% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19%
Return on assets
18.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
26 d late
2023
16 d early
2022
45 d early
2021
11 d early
2020
33 d early
2019
45 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€134k▼ 29.9%
2024 · €191k
2018: €35k
2019: €94k
2020: €159k
2021: €234k
2022: €114k
2023: €240k
2024: €191k
2018 → 2025
Working capital
€681
2024 · €-8k
2018: €35k
2019: €23k
2020: €55k
2021: €330k
2022: €28k
2023: €9k
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€383k-€97k▼ 74.6%€112k▲ 15.0%€102k▼ 8.3%€136k▲ 32.9%
Operating result€312k-€163k▼ 47.7%€332k▲ 104%€266k▼ 20.0%€192k▼ 28.0%
Net result€234k-€114k▼ 51.1%€240k▲ 110%€191k▼ 20.4%€134k▼ 29.9%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €718k
Fixed assets
€230k▲ 6.0%
Current assets
€488k▲ 14.3%
Equity and liabilities €718k
Equity
€136k▲ 32.9%
Debt
€582k▲ 7.5%
The debt ratio falls from 84.1% to 81.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€290k▼
2024 · €375k
Cash flow
€232k▼
2024 · €300k
Solvency
19.0%▲
2024 · 15.9%
Current ratio
1.00▲
2024 · 0.98
Quick ratio
0.96▲
2024 · 0.95
Debt / equity
4.28▼
2024 · 5.28
ROE
98.2%▼
2024 · 186.2%
ROA
18.6%▼
2024 · 29.6%
Interest coverage
33.19▼
2024 · 48.90
Debt
€582k▲
2024 · €542k
Debt ≤ 1 year
€488k▲
2024 · €435k
Debt > 1 year
€87k▼
2024 · €101k
Income taxes
€50k▼
2024 · €70k
Staff costs
€881k▲
2024 · €835k
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€644k€718k▲
Fixed assets21/28€217k€230k▲
Tangible fixed assets22/27€214k€227k▲
Plant, machinery and equipment23€67k€57k▼
Furniture and vehicles24€71k€58k▼
Other tangible fixed assets26€75k€111k▲
Financial fixed assets28€3k€3k=
Current assets29/58€427k€488k▲
Stocks and contracts in progress3€15k€21k▲
Stocks30/36€15k€21k▲
Amounts receivable within one year40/41€33k€52k▲
Trade receivables40€2k€6k▲
Other amounts receivable41€31k€46k▲
Cash at bank and in hand54/58€366k€378k▲
Deferred charges and accrued income490/1€13k€37k▲
Equity and liabilities
Total equity and liabilities10/49€644k€718k▲
Equity10/15€102k€136k▲
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€21k€54k▲
Amounts payable17/49€542k€582k▲
Amounts payable after more than one year17€101k€87k▼
Financial debts170/4€101k€87k▼
Amounts payable within one year42/48€435k€488k▲
Current portion of amounts payable after more than one year42€104k€106k▲
Trade debts44€195k€182k▼
Suppliers440/4€195k€182k▼
Taxes, remuneration and social security45€81k€98k▲
Taxes450/3€638€3k▲
Remuneration and social security454/9€80k€96k▲
Other amounts payable47/48€55k€101k▲
Accrued charges and deferred income492/3€5k€8k▲
Income statement
Code20242025
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€835k€881k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€109k€98k▼
Other operating charges640/8€8k€7k▼
Gross operating margin9900€1.22M€1.18M▼
Operating profit (loss)9901€266k€192k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€260k€184k▼
Income taxes67/77€70k€50k▼
Profit (loss) for the period9904€191k€134k▼
Profit (loss) for the period to be appropriated9905€191k€134k▼
Appropriation of the result
Profit (loss) to be appropriated9906€221k€154k▼
Profit (loss) brought forward from the previous period14P€30k€21k▼
Profit to be distributed694/7€200k€100k▼
Return on contributions (dividend)694€200k€100k▼
Social balance
Average headcount (FTE)908724.424.7▲
The notes to these accounts (10 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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €240k ▲110%
Operating result €332k, net result €240k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲15%
6 profitable years in a row build equity to €112k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €383k ▲157%
4 profitable years in a row build equity to €383k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €149k ▲65.3%
3 profitable years in a row build equity to €149k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gesves · 1 establishment unit since 1999
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.
Tienne Saint-Martin 95340 GesvesGround area
4,045 m²
Building footprint
150 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
QUICK
since 19992.090.381.672
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92054A0019/00M008 | Wallonia | 3,141 m² | 1 · 59 m² | - |
| 92021E0071/00_000indicative | Wallonia | 904 m² | 1 · 91 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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 siteNamur2.090.381.672
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Of 21,896 companies in sector 56112 we hold annual accounts for 9,783. 7,400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-03-1999
Fiscal year end31-12
Activities, NACEBEL
55302
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.