CODIT

Active

Private limited company (pre-2019)founded 200026 yrs activeGaston Crommenlaan 14, 9050 Gent, BelgiumKBO/BCE: BE 0471.349.823

CODIT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.78M and a net result of €516k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 1545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

77 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability69▼-22

Solvency94▲+10

Growth36▼-1

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €290k at 30 days acceptable

Liquidity ample (current ratio 3.68 against 2.56 in 2023; short-term debt: 26.4% and cash: 0.1% of total assets), and 30.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

69.1%

Return on assets

9.4%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

45 d early

2023

41 d early

2022

45 d early

2021

44 d early

2020

60 d early

2019

51 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€13.53M=

2023 · €13.53M

2018: €11.19M 2019: €10.25M 2020: €11.31M 2021: €15.50M 2022: €12.62M 2023: €13.53M

2018 → 2024

EBIT margin

5.4%▼ 7.9pp

2023 · 13.3%

2018: 35.9% 2019: 23.1% 2020: 23.8% 2021: 17.5% 2022: 12.9% 2023: 13.3%

2018 → 2024

Net result

€516k▼ 60.8%

2023 · €1.32M

2018: €2.81M 2019: €1.92M 2020: €1.99M 2021: €1.77M 2022: €1.14M 2023: €1.32M

2018 → 2024

Working capital

€3.87M▲ 19.9%

2023 · €3.23M

2018: €8.28M 2019: €441k 2020: €321k 2021: €2.14M 2022: €2.06M 2023: €3.23M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€11.31M-€15.50M▲ 37.0%€12.62M▼ 18.6%€13.53M▲ 7.3%€13.53M=

Equity€1.56M-€1.82M▲ 17.1%€1.94M▲ 6.5%€3.26M▲ 67.9%€3.78M▲ 15.8%

Operating result€2.70M-€2.72M▲ 0.7%€1.62M▼ 40.2%€1.80M▲ 10.6%€730k▼ 59.4%

Net result€1.99M-€1.77M▼ 11.4%€1.14M▼ 35.5%€1.32M▲ 15.8%€516k▼ 60.8%

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 59% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €5.47M

97.2%

Fixed assets €151k▼ 31.7%

Current assets €5.32M▲ 0.4%

Equity and liabilities €5.47M

69.1%

30.9%

Equity €3.78M▲ 15.8%

Debt €1.69M▼ 25.1%

The debt ratio falls from 40.9% to 30.9%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€834k▼

2023 · €1.88M

Cash flow

€621k▼

2023 · €1.40M

Solvency

69.1%▲

2023 · 59.1%

Current ratio

3.68▲

2023 · 2.56

Quick ratio

3.68▲

2023 · 2.56

Debt / equity

0.45▼

2023 · 0.69

ROE

13.7%▼

2023 · 40.4%

ROA

9.4%▼

2023 · 23.9%

Interest coverage

8.85▼

2023 · 35.18

Debt

€1.69M▼

2023 · €2.26M

Debt ≤ 1 year

€1.44M▼

2023 · €2.07M

Income taxes

€273k▼

2023 · €567k

Staff costs

€5.54M▲

2023 · €4.93M

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€5.52M€5.47M▼

Fixed assets21/28€221k€151k▼

Intangible fixed assets21€55k€46k▼

Tangible fixed assets22/27€166k€105k▼

Plant, machinery and equipment23€104k€80k▼

Furniture and vehicles24€108€0▼

Other tangible fixed assets26€63k€25k▼

Current assets29/58€5.30M€5.32M▲

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€5.13M€5.09M▼

Trade receivables40€2.35M€2.03M▼

Other amounts receivable41€2.78M€3.05M▲

Cash at bank and in hand54/58€64€3k▲

Deferred charges and accrued income490/1€164k€225k▲

Equity and liabilities

Total equity and liabilities10/49€5.52M€5.47M▼

Equity10/15€3.26M€3.78M▲

Contributions10/11€19k€19k=

Reserves13€3.24M€3.24M=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€3.24M€3.24M=

Profit (loss) carried forward14-€516k

Amounts payable17/49€2.26M€1.69M▼

Amounts payable within one year42/48€2.07M€1.44M▼

Trade debts44€1.07M€762k▼

Suppliers440/4€1.07M€762k▼

Taxes, remuneration and social security45€993k€681k▼

Taxes450/3€282k€75k▼

Remuneration and social security454/9€711k€606k▼

Other amounts payable47/48€0-

Accrued charges and deferred income492/3€189k€247k▲

Income statement Code20232024

Operating income70/76A€14.41M€14.45M▲

Turnover70€13.53M€13.53M=

Other operating income74€881k€916k▲

Non-recurring operating income76A€124€195▲

Operating charges60/66A€12.62M€13.72M▲

Goods for resale, raw materials and consumables60€4.67M€4.75M▲

Purchases600/8€4.67M€4.75M▲

Services and other goods61€2.93M€3.32M▲

Remuneration, social security and pensions62€4.93M€5.54M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80k€105k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7k

Other operating charges640/8€1k€2k▲

Non-recurring operating charges66A€50€70▲

Operating profit (loss)9901€1.80M€730k▼

Financial income75/76B€147k€159k▲

Recurring financial income75€147k€159k▲

Income from current assets751€146k€157k▲

Other financial income752/9€1k€2k▲

Financial charges65/66B€57k€99k▲

Recurring financial charges65€57k€99k▲

Debt charges650€53k€94k▲

Other financial charges652/9€4k€4k▲

Profit (loss) for the period before taxes9903€1.89M€790k▼

Income taxes67/77€567k€273k▼

Taxes670/3€567k€273k▼

Tax adjustments and reversals of tax provisions77€0-

Profit (loss) for the period9904€1.32M€516k▼

Profit (loss) for the period to be appropriated9905€1.32M€516k▼

Appropriation of the result

Profit (loss) to be appropriated9906€1.32M€516k▼

Transfer to equity691/2€1.32M€0▼

To other reserves6921€1.32M€0▼

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

Employees696€0-

Social balance

Average headcount (FTE)908756.661.9▲

The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 32Financial 3Gazette 19Filings 10

2026

13-03

State Gazette act Restructuring

Merger · Corporate purpose · Accounting effect6 facts ▸

Merger, geruisloze fusie, 2026-01-01
Corporate purpose, De vennootschap heeft tot voorwerp: -het verlenen van advies en bijstand met betrekking tot de toepassing van computerprogramma's. -het analyseren, ontwerpen, p…
Corporate purpose, De vennootschap heeft tot voorwerp in België en in het buitenland: Het verlenen van advies en bijstand met betrekking tot de toepassing van computerprogramma's…
Accounting effect, 2026-01-01
Power of attorney, Thomas Van den Branden
Power of attorney, Anne-Claire Leuckx

2025

03-09

State Gazette act Resignations & appointments

General meeting · Auditor reappointment2 facts ▸

General meeting, 2025-06-16
Auditor reappointment, 3 jaar, 2028

16-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Weakest financial yearnet €516k ▼60.8%

Net result drops to €516k, the lowest in the series.

03-10

State Gazette act Resignations & appointments

General meeting · Director resignation · Permanent representative6 facts ▸

General meeting, 2024-09-02
Director resignation, Frederic Lhostte (bestuurder)
Permanent representative, Stijn Degrieck
Permanent representative, Yashfeen Saiyid
Director appointment, Leo Eelen (bestuurder)
Mandate compensation, CODIT

13-08

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 2023-10-30
Power of attorney, Leslie Cottenjé

20-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €2MEq €3.26M ▲67.9%

6 profitable years in a row build equity to €3.26M.

16-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

23-01

State Gazette act Resignations & appointments

Board meeting · Power of attorney3 facts ▸

Board meeting, 2022-10-31
Power of attorney, Serge Verborgh
Power of attorney, Runubiz BV

2022

23-12

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Mandate compensation3 facts ▸

General meeting, 2022-06-15
Auditor appointment, Deloitte Bedrijfsrevisoren BV (Commissaris)
Mandate compensation, Deloitte Bedrijfsrevisoren BV

17-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

31-05

State Gazette act Resignations & appointments

Director resignation1 fact ▸

Director resignation, Nathalie Van Gompel (bestuurder)

2021

01-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

12-03

State Gazette act Resignations & appointments

Written shareholder decision · Director resignation · Director appointment7 facts ▸

Written shareholder decision, 2021-02-22
Director resignation, Bart Watteeuw (bestuurder)
Director appointment, Nathalie Van Gompel (bestuurder)
Director appointment, Frédéric Lhostte (bestuurder)
Mandate compensation, CODIT
Shareholding, 749
Shareholding, 1

26-01

State Gazette act Statutes amendment · Legal-form change · Restructuring

General meeting · Merger · Accounting effect6 facts ▸

General meeting, 2020-12-31
Merger, verrichting gelijkgesteld met fusie door overneming, 2021-01-01
Accounting effect, 2021-01-01
Statutes amendment
Corporate purpose, het verienen van advies en bijstand met betrekking tot de toepassing van computerprogramma's; het analyseren, ontwerpen, programmeren en ontwikkelen van compute…
Capital

2020

31-12

Financial Equity above €1MEq €1.56M ▲395%

3 profitable years in a row build equity to €1.56M.

25-11

State Gazette act Restructuring

Merger · Accounting effect · Power of attorney6 facts ▸

Merger, absorption, 2020-12-31
Accounting effect, 2021-01-01
Power of attorney, Michiel Dewael
Power of attorney, Michiel Dewael
Shareholding, 100%
Merger motivation, One Integrator project within Proximus Group: aligning IT entities' product & services portfolios, go-to-market strategies, and sales channels to maximize syner…

10-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

28-01

State Gazette act Resignations & appointments

Board meeting · Permanent representative3 facts ▸

Board meeting, 2020-01-07
Board meeting, 2020-01-06
Permanent representative, Stijn Degrieck

2019

11-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

16-05

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 2019-02-25
Director resignation, Runubiz Comm. V. (zaakvoerder)
Director appointment, Bart Watteeuw (zaakvoerder)
Mandate compensation, Bart Watteeuw
Auditor appointment, Deloitte Bedrijfsrevisoren BV ovve CVBA (commissaris)
Board meeting, 2019-03-11
Power of attorney, Serge Verborgh
Power of attorney, Runubiz Comm. V.

2018

29-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

22-09

State Gazette act Resignations & appointments

General meeting · Director appointment · Permanent representative4 facts ▸

General meeting, 31/08/2017
Director appointment, Runubiz Comm.V (zaakvoerder)
Permanent representative, Verborgh Serge Wilfried
Power of attorney, Bofidi

30-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

05-12

State Gazette act Registered office

Board meeting · Registered-office move · Permanent representative4 facts ▸

Board meeting, 2016-11-16
Registered-office move, Gaston Crommenlaan 14 bus 0301, 9050 Ledeberg
Permanent representative, Stijn Degrieck
Permanent representative, Itelligent BVBA

09-11

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment4 facts ▸

General meeting, 2016-10-19
Director resignation, IntegrateIT BVBA (zaakvoerder)
Director appointment, Codit Holding BVBA (zaakvoerder)
Permanent representative, Stijn Degrieck

29-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

2011

30-05

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment5 facts ▸

General meeting, 2011-04-29
Director resignation, BASOK (zaakvoerder)
Director appointment, BVBA IntegratelT (zaakvoerder)
Permanent representative, Bernard Lenssens
Permanent representative, Stijn Degrieck

04-03

State Gazette act Registered office

Board meeting · Registered-office move · Permanent representative3 facts ▸

Board meeting, 2011-02-01
Registered-office move, Skaldenstraat 7b te 9042 Gent
Permanent representative, Bernard Lenssens

2010

14-01

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment8 facts ▸

General meeting, 2009-12-28
Director resignation, Manage IT (zaakvoerder)
Director appointment, BASOK (zaakvoerder)
Permanent representative, Bernard Lenssens
Power of attorney, Bofidi-Revac
Lasthebber, alleen op te treden en met de mogelijkheid van indeplaatsstelling, bijzondere volmacht voor onbepaalde tijd
Lasthebber, alleen op te treden en met de mogelijkheid van indeplaatsstelling, bijzondere volmacht voor onbepaalde tijd
Lasthebber, alleen op te treden en met de mogelijkheid van indeplaatsstelling, bijzondere volmacht voor onbepaalde tijd

2005

03-08

State Gazette act Registered office

Registered-office move1 fact ▸

Registered-office move, p/a Universitair Bedrijven Centrum Antwerpen, Drie Eikenstraat 661, 2650 Edegem

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 directors, no change since 2024

Leo Eelen

Director · since 02-09-2024

Current

Codit holding

Manager · since 26-09-2016 · Private limited company

Not recently confirmed

BASOK

Manager · since 28-12-2009 · Private limited company · perm. rep.: Bernard Lenssens

Not recently confirmed

02-09-2024 Leo Eelen: Appointed as Director

02-09-2024 Frédéric Lhostte: Resigned as Director

22-11-2021 Nathalie Van Gompel: Resigned as Director

22-02-2021 Frédéric Lhostte: Appointed as Director

22-02-2021 Nathalie Van Gompel: Appointed as Director

15-02-2021 Bart WATTEEUW: Resigned as Director

25-02-2019 Bart WATTEEUW: Appointed as Manager

25-02-2019 RUNUBIZ: Resigned as Manager

01-09-2017 RUNUBIZ: Appointed as Manager

19-10-2016 IntegrateIT BVBA: Resigned as Manager

26-09-2016 Codit holding: Appointed as Manager

01-05-2011 BASOK: Resigned as Manager

28-12-2009 BASOK: Appointed as Manager

28-12-2009 Manage IT: Resigned as Manager

Location & real-estate footprint

Registered office, Gent · 1 establishment unit since 2000

establishment The establishment unit on the map

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.

Gaston Crommenlaan 149050 Gent

Ground area

1.9 ha

Building footprint

8,006 m²

Parcel 44032A0472/00R003, Flanders. Linked by address, not a title deed.

1 establishment unit

CODIT

Gaston Crommenlaan 14, 9050 GentNACE 52487

since 20002.097.496.821

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44032A0472/00R003	Flanders	1.9 ha	1 · 8,006 m²	-

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.

Statutory auditor

3 auditors

Deloitte BedrijfsrevisorenCurrent

Auditor

16-06-2025 → present

Show 2 earlier auditors

DELOITTE Bedrijfsrevisoren BV Statutory auditor succeeded by Deloitte Bedrijfsrevisoren in 2025	15-06-2022 → 16-06-2025
Deloitte Bedrijfsrevisoren BV ovve CVBA Statutory auditor succeeded by DELOITTE Bedrijfsrevisoren BV in 2022	25-02-2019 → 15-06-2022