Checked.be · Company dossierhttps://checked.be/en/c/codit-0471349823 · as of 07-10-2026
CODIT
Active
Private limited company (pre-2019) · founded 2000 · 26 years activeGaston Crommenlaan 14, 9050 Gent, BelgiumKBO/BCE: BE 0471.349.823
Summary
CODIT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.8m and a net result of -€3,176. Equity is growing by ~19.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 1,671 sector peers (NACE 62, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Auditor: Deloitte BedrijfsrevisorenAccounts 39 days early
Why 95- Loss of €3,176 (FY 2025)+ Liquidity: current ratio 2.59, cash €3.1m+ Equity €3.8m (61.3% of total assets)+ Sector Computer programming, consultancy and related activities (NACE 62)Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
95/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 62, medium-sized)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency86-8
equity 61.3% of total assets
Liquidity83+43
short-term debt 36.9% · cash 50.1%
Profitability30-39
return on assets -0.1%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
< 0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.1% (209 companies)
Last 24 months11-2024: 0.1%12-2024: 0.1%● unchanged vs 11-202401-2025: 0.1%● unchanged vs 12-202402-2025: 0.1%● unchanged vs 01-202503-2025: 0.1%● unchanged vs 02-202504-2025: 0.1%● unchanged vs 03-202505-2025: 0.1%● unchanged vs 04-202506-2025: 0.1%● unchanged vs 05-2025highest value07-2025: 0.1%● unchanged vs 06-202508-2025: 0.1%● unchanged vs 07-202509-2025: 0.1%● unchanged vs 08-202510-2025: 0.1%● unchanged vs 09-202511-2025: 0.1%● unchanged vs 10-202512-2025: 0.1%● unchanged vs 11-202501-2026: 0.1%● unchanged vs 12-202502-2026: 0.1%● unchanged vs 01-202603-2026: 0.1%● unchanged vs 02-202604-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-202607-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value08-2026: < 0.1%● unchanged vs 07-2026lowest value09-2026: < 0.1%● unchanged vs 08-2026lowest value10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit up to €350,000 at 30 days acceptable
Liquidity ample (current ratio 2.59 against 3.68 in 2024; short-term debt: 36.9% and cash: 50.1% of total assets), and 38.7% of the assets are financed with debt.
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 (NACE 62, medium-sized): better than 80% on solvency, 94% on liquidity, 17% on profitability and 45% on growth.
The bankruptcy probability was computed on 07-10-2026 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).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 46 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
○
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. Usually files around 17 June (5 of the last 5 filed years within 30 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€6.2m2025Equity€3.8m2025Debt€2.4m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3.6m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.7%2025Return on assets (ROA)-0.1%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency61.3%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.592025
Average staff in full-time equivalents (FTE).
Staff (FTE)54.12025
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
Net result€2.8m-€1.9m▼ 31.7%€2.0mabove the sector's middle half▲ 4.1%€1.8mabove the sector's middle half▼ 11.4%€1.1mabove the sector's middle half▼ 35.5%€1.3mabove the sector's middle half▲ 15.8%€0.5mabove the sector's middle half▼ 60.8%-€0.003mwithin the sector's middle half
Equity€8.1m-€0.3m▼ 96.1%€1.6mabove the sector's middle half▲ 395%€1.8mabove the sector's middle half▲ 17.1%€1.9mabove the sector's middle half▲ 6.5%€3.3mabove the sector's middle half▲ 67.9%€3.8mabove the sector's middle half▲ 15.8%€3.8mabove the sector's middle half▼ 0.1%
Total assets€11.2m-€11.7m▲ 4.5%€4.2mabove the sector's middle half▼ 64.0%€5.2mabove the sector's middle half▲ 23.1%€4.6mabove the sector's middle half▼ 11.5%€5.5mabove the sector's middle half▲ 20.7%€5.5mabove the sector's middle half▼ 0.9%€6.2mabove the sector's middle half▲ 12.6%
Working capital€8.3m-€0.4m▼ 94.7%€0.3mwithin the sector's middle half▼ 27.3%€2.1mabove the sector's middle half▲ 567%€2.1mabove the sector's middle half▼ 3.8%€3.2mabove the sector's middle half▲ 57.0%€3.9mabove the sector's middle half▲ 19.9%€3.6mabove the sector's middle half▼ 6.7%
Solvency73.0%-2.7%▼ 70.3pp37.1%within the sector's middle half▲ 34.4pp35.3%within the sector's middle half▼ 1.8pp42.5%within the sector's middle half▲ 7.2pp59.1%within the sector's middle half▲ 16.6pp69.1%within the sector's middle half▲ 10.0pp61.3%within the sector's middle half▼ 7.8pp
Current ratio4.10-1.04▼ 3.061.14within the sector's middle half▲ 0.101.73within the sector's middle half▲ 0.591.86within the sector's middle half▲ 0.132.56within the sector's middle half▲ 0.703.68above the sector's middle half▲ 1.122.59within the sector's middle half▼ 1.09
Return on assets (ROA)25.1%-16.4%▼ 8.7pp47.5%above the sector's middle half▲ 31.1pp34.2%above the sector's middle half▼ 13.3pp24.9%above the sector's middle half▼ 9.3pp23.9%above the sector's middle half▼ 1.0pp9.4%within the sector's middle half▼ 14.5pp-0.1%within the sector's middle half▼ 9.5pp
Staff (FTE)49.3-51.6▲ 4.7%48.9above the sector's middle half▼ 5.2%61.7above the sector's middle half▲ 26.2%57.2above the sector's middle half▼ 7.3%56.6above the sector's middle half▼ 1.0%61.9above the sector's middle half▲ 9.4%54.1above the sector's middle half▼ 12.6%
abovewithinbelowthe middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.2m
95.7%
Fixed assets€265,990 ▲ 76.1%
Current assets€5.9m ▲ 10.7%
Equity and liabilities €6.2m
61.3%
38.7%
Equity€3.8m ▼ 0.1%
Debt€2.4m ▲ 40.8%
Debt's share of the balance-sheet total rises from 30.9% to 38.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€190,721▼
2024 · €834,489
Cash flow
€92,191▼
2024 · €621,180
Debt to equity
0.63▲
2024 · 0.45
ROE
-0.1%▼
2024 · 13.7%
Interest coverage
1.64▼
2024 · 8.85
Debt ≤ 1 year
€2.3m▲
2024 · €1.4m
Income taxes
€103,735▼
2024 · €273,354
Staff costs
€4.9m▼
2024 · €5.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 830 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
Medium-sized
20 years or older
solvency 30% or more
a small loss
0.6%went bankrupt
2.9%stopped otherwise
97%still going
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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% 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 830 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 63 lines
Balance sheetCode20242025
Assets
Total assets20/58€5.5m€6.2m▲
Fixed assets21/28€0.2m€0.3m▲
Intangible fixed assets21€0.05m€0.2m▲
Tangible fixed assets22/27€0.1m€0.07m▼
Plant, machinery and equipment23€0.08m€0.06m▼
Furniture and vehicles24€0-
Other tangible fixed assets26€0.03m€0.008m▼
Current assets29/58€5.3m€5.9m▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€5.1m€2.6m▼
Trade receivables40€2.0m€2.3m▲
Other amounts receivable41€3.1m€0.3m▼
Cash at bank and in hand54/58€0.003m€3.1m▲
Deferred charges and accrued income490/1€0.2m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€5.5m€6.2m▲
Equity10/15€3.8m€3.8m▼
Contributions10/11€0.02m€0.02m=
Reserves13€3.2m€3.2m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€3.2m€3.2m=
Profit (loss) carried forward14€0.5m€0.5m▼
Amounts payable17/49€1.7m€2.4m▲
Amounts payable within one year42/48€1.4m€2.3m▲
Trade debts44€0.8m€1.5m▲
Suppliers440/4€0.8m€1.5m▲
Taxes, remuneration and social security45€0.7m€0.7m▲
Taxes450/3€0.07m€0.1m▲
Remuneration and social security454/9€0.6m€0.6m▲
Accrued charges and deferred income492/3€0.2m€0.1m▼
Income statementCode20242025
Operating income70/76A€14.4m€14.9m▲
Turnover70€13.5m€14.4m▲
Other operating income74€0.9m€0.6m▼
Non-recurring operating income76A€195€0.001m▲
Operating charges60/66A€13.7m€14.8m▲
Goods for resale, raw materials and consumables60€4.7m€6.3m▲
Purchases600/8€4.7m€6.3m▲
Services and other goods61€3.3m€3.6m▲
Remuneration, social security and pensions62€5.5m€4.9m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.007m€0▼
Other operating charges640/8€0.002m€0.001m▼
Non-recurring operating charges66A€70€0.002m▲
Operating profit (loss)9901€0.7m€0.1m▼
Financial income75/76B€0.2m€0.1m▼
Recurring financial income75€0.2m€0.1m▼
Income from current assets751€0.2m€0.1m▼
Other financial income752/9€0.002m€0.01m▲
Financial charges65/66B€0.1m€0.1m▲
Recurring financial charges65€0.1m€0.1m▲
Debt charges650€0.09m€0.1m▲
Other financial charges652/9€0.004m€0.01m▲
Profit (loss) for the period before taxes9903€0.8m€0.1m▼
Income taxes67/77€0.3m€0.1m▼
Taxes670/3€0.3m€0.1m▼
Tax adjustments and reversals of tax provisions77-€0.01m
Profit (loss) for the period9904€0.5m-€0.003m▼
Profit (loss) for the period to be appropriated9905€0.5m-€0.003m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.5m€0.5m▼
Profit (loss) brought forward from the previous period14P-€0.5m
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908761.954.1▼
The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€16.2m
€13.3m
€14.4m
€14.4m
€14.9m
▲ 3.2%
Turnover70
€11.2m
€10.2m
€11.3m
€15.5m
€12.6m
€13.5m
€13.5m
€14.4m
▲ 6.1%
Other operating income74
-
-
-
€0.7m
€0.7m
€0.9m
€0.9m
€0.6m
▼ 39.7%
Non-recurring operating income76A
-
-
-
€0.003m
€0.001m
€124
€195
€0.001m
▲ 613%
Operating charges60/66A
-
-
-
€13.5m
€11.7m
€12.6m
€13.7m
€14.8m
▲ 8.0%
Goods for resale, raw materials and consumables60
-
-
-
€5.0m
€4.2m
€4.7m
€4.7m
€6.3m
▲ 31.8%
Purchases600/8
-
-
-
€5.0m
€4.2m
€4.7m
€4.7m
€6.3m
▲ 31.8%
Services and other goods61
-
-
-
€2.9m
€2.8m
€2.9m
€3.3m
€3.6m
▲ 7.1%
Remuneration, social security and pensions62
-
-
-
€4.7m
€4.7m
€4.9m
€5.5m
€4.9m
▼ 11.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.08m
€0.08m
€0.08m
€0.9m
€0.04m
€0.08m
€0.1m
€0.1m
▼ 8.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
€0
-
-
€0.007m
€0
▼ 100%
Other operating charges640/8
-
-
-
€0.002m
€0.002m
€0.001m
€0.002m
€0.001m
▼ 11.5%
Non-recurring operating charges66A
-
-
-
€0.001m
€0.001m
€50
€70
€0.002m
▲ 2,057%
Operating profit (loss)9901
€4.0m
€2.4m
€2.7m
€2.7m
€1.6m
€1.8m
€0.7m
€0.1m
▼ 86.9%
Financial income75/76B
-
-
-
€0.03m
€0.04m
€0.1m
€0.2m
€0.1m
▼ 14.8%
Recurring financial income75
€0.1m
€0.2m
€0.08m
€0.03m
€0.04m
€0.1m
€0.2m
€0.1m
▼ 14.8%
Income from current assets751
-
-
-
€0.02m
€0.04m
€0.1m
€0.2m
€0.1m
▼ 20.9%
Other financial income752/9
-
-
-
€0.004m
€340
€0.001m
€0.002m
€0.01m
▲ 593%
Financial charges65/66B
-
-
-
€0.03m
€0.05m
€0.06m
€0.1m
€0.1m
▲ 31.8%
Recurring financial charges65
€0.06m
€0.04m
€0.04m
€0.03m
€0.05m
€0.06m
€0.1m
€0.1m
▲ 31.8%
Debt charges650
€0.04m
€0.04m
€0.04m
€0.02m
€0.05m
€0.05m
€0.09m
€0.1m
▲ 23.0%
Other financial charges652/9
-
-
-
€0.01m
€0.003m
€0.004m
€0.004m
€0.01m
▲ 225%
Profit (loss) for the period before taxes9903
€4.1m
€2.5m
€2.7m
€2.7m
€1.6m
€1.9m
€0.8m
€0.1m
▼ 87.3%
Income taxes67/77
€1.3m
€0.6m
€0.7m
€0.9m
€0.5m
€0.6m
€0.3m
€0.1m
▼ 62.1%
Taxes670/3
-
-
-
€0.9m
€0.5m
€0.6m
€0.3m
€0.1m
▼ 58.5%
Tax adjustments and reversals of tax provisions77
-
-
-
€0.003m
€0.002m
€0
-
€0.01m
-
Profit (loss) for the period9904
€2.8m
€1.9m
€2.0m
€1.8m
€1.1m
€1.3m
€0.5m
-€0.003m
▼ 101%
Profit (loss) for the period to be appropriated9905
€2.8m
€1.9m
€2.0m
€1.8m
€1.1m
€1.3m
€0.5m
-€0.003m
▼ 101%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€11.2m
€11.7m
€4.2m
€5.2m
€4.6m
€5.5m
€5.5m
€6.2m
▲ 12.6%
Fixed assets21/28
€0.2m
€0.2m
€1.6m
€0.1m
€0.1m
€0.2m
€0.2m
€0.3m
▲ 76.1%
Intangible fixed assets21
-
-
-
-
-
€0.05m
€0.05m
€0.2m
▲ 340%
Tangible fixed assets22/27
€0.2m
€0.2m
€0.1m
€0.1m
€0.1m
€0.2m
€0.1m
€0.07m
▼ 38.1%
Plant, machinery and equipment23
-
-
-
€0.05m
€0.08m
€0.1m
€0.08m
€0.06m
▼ 28.4%
Furniture and vehicles24
-
-
-
€0.002m
€280
€108
€0
-
-
Other tangible fixed assets26
-
-
-
€0.05m
€0.05m
€0.06m
€0.03m
€0.008m
▼ 69.1%
Financial fixed assets28
€0.002m
€0.002m
€1.5m
€0.002m
€0
-
-
-
-
Affiliated companies280/1
-
-
-
€0
-
-
-
-
-
Participating interests280
-
-
-
€0
-
-
-
-
-
Other financial fixed assets284/8
-
-
-
€0.002m
€0
-
-
-
-
Amounts receivable and cash guarantees285/8
-
-
-
€0.002m
€0
-
-
-
-
Current assets29/58
€11.0m
€11.5m
€2.6m
€5.1m
€4.4m
€5.3m
€5.3m
€5.9m
▲ 10.7%
Stocks and contracts in progress3
-
-
-
€0
€0
€0
€0
€0
-
Amounts receivable within one year40/41
€10.2m
€11.1m
€1.9m
€4.9m
€4.3m
€5.1m
€5.1m
€2.6m
▼ 49.4%
Trade receivables40
-
-
-
€2.0m
€1.6m
€2.3m
€2.0m
€2.3m
▲ 11.4%
Other amounts receivable41
-
-
-
€2.9m
€2.7m
€2.8m
€3.1m
€0.3m
▼ 89.9%
Cash at bank and in hand54/58
€0.6m
€0.1m
€0.4m
€0.01m
€0.002m
€64
€0.003m
€3.1m
▲ 104,363%
Deferred charges and accrued income490/1
-
-
-
€0.2m
€0.1m
€0.2m
€0.2m
€0.2m
▲ 1.9%
Equity and liabilities
Total equity and liabilities10/49
€11.2m
€11.7m
€4.2m
€5.2m
€4.6m
€5.5m
€5.5m
€6.2m
▲ 12.6%
Equity10/15
€8.1m
€0.3m
€1.6m
€1.8m
€1.9m
€3.3m
€3.8m
€3.8m
▼ 0.1%
Contributions10/11
€0.02m
€0.02m
-
€0.02m
€0.02m
€0.02m
€0.02m
€0.02m
=
Reserves13
€8.1m
€0.3m
€1.5m
€1.8m
€1.9m
€3.2m
€3.2m
€3.2m
=
Non-distributable reserves130/1
-
-
-
€0.002m
€0.002m
€0.002m
€0.002m
€0.002m
=
Reserves not available under the articles1311
-
-
-
€0.002m
€0.002m
€0.002m
€0.002m
€0.002m
=
Tax-exempt reserves132
-
-
-
€0
-
-
-
-
-
Distributable reserves133
-
-
-
€1.8m
€1.9m
€3.2m
€3.2m
€3.2m
=
Profit (loss) carried forward14
-
-
-
-
-
-
€0.5m
€0.5m
▼ 0.6%
Amounts payable17/49
€3.0m
€11.4m
€2.6m
€3.3m
€2.6m
€2.3m
€1.7m
€2.4m
▲ 40.8%
Amounts payable within one year42/48
€2.7m
€11.0m
€2.2m
€2.9m
€2.4m
€2.1m
€1.4m
€2.3m
▲ 57.4%
Trade debts44
€0.6m
€0.8m
€0.7m
€0.7m
€0.7m
€1.1m
€0.8m
€1.5m
▲ 102%
Suppliers440/4
-
-
-
€0.7m
€0.7m
€1.1m
€0.8m
€1.5m
▲ 102%
Taxes, remuneration and social security45
-
-
-
€0.8m
€0.7m
€1.0m
€0.7m
€0.7m
▲ 7.2%
Taxes450/3
-
-
-
€0.2m
€0.1m
€0.3m
€0.07m
€0.1m
▲ 50.2%
Remuneration and social security454/9
-
-
-
€0.6m
€0.5m
€0.7m
€0.6m
€0.6m
▲ 1.9%
Other amounts payable47/48
-
-
-
€1.5m
€1.0m
€0
-
-
-
Accrued charges and deferred income492/3
-
-
-
€0.4m
€0.2m
€0.2m
€0.2m
€0.1m
▼ 56.5%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€2.8m
€1.9m
€2.0m
€1.8m
€1.1m
€1.3m
€0.5m
-€0.003m
▼ 101%
+ Depreciation and write-downs630
€0.08m
€0.08m
€0.08m
€0.9m
€0.04m
€0.08m
€0.1m
€0.1m
▼ 8.9%
Operating cash flow (approximation)
€2.9m
€2.0m
€2.1m
€2.6m
€1.2m
€1.4m
€0.6m
€0.09m
▼ 85.2%
Investment in fixed assets (approximation)
-
-€0.07m
-€1.5m
€0.7m
-€0.07m
-€0.2m
-€0.03m
-€0.2m
▼ 506%
Change in cash
-
-€0.4m
€0.3m
-€0.4m
-€0.01m
-€0.002m
€0.003m
€3.1m
▲ 106,590%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of 16,972 companies in this sector we hold annual accounts for 8,999. 1,652 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
1 entry · €1,874 · €1,874 paid · Departement Werk en Sociale Economie
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
Manager · since 26-09-2016 · Private limited company
Not recently confirmed
Permanent representatives 1
LB
Bernard Lenssens
Permanent representative · since 28-12-2009 · for BASOK
Not recently confirmed
Statutory auditor 1
BD
Deloitte Bedrijfsrevisoren
Auditor · since 25-02-2019
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
According to the 2025 annual accounts of CODIT and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
According to the 2025 annual accounts of CODIT and those of the other companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
6 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
BE 0867.696.771operation treated as a merger by absorption · State Gazette act of 26-01-2021 (2 acts) · effective 01-01-2021
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
CODIT was incorporated on 3 March 2000.1The registered office moved to Edegem in 2005, to Gent in 2011 and to Ledeberg in 2016.234Between 2021 and 2026 the company absorbed UNBRACE and CODIT MANAGED SERVICES by merger.56Since 2024, Leo Eelen has served as director of the company.7
State Gazette actResignation: Nathalie Van Gompel (director)
1 fact ▸
Director resignation, Nathalie Van Gompel (director)
2021
01-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
12-03
State Gazette actResignation: Bart Watteeuw (director)
Appointments: Nathalie Van Gompel (director) and Frédéric Lhostte (director) · Written shareholder decision · Mandate compensation7 facts ▸
Written shareholder decision, 22-02-2021
Director resignation, Bart Watteeuw (director)
Director appointment, Nathalie Van Gompel (director)
Director appointment, Frédéric Lhostte (director)
Mandate compensation, CODIT
Shareholding, 749
Shareholding, 1
26-01
State Gazette actStatutes amendment · Legal-form change · Restructuring
Merger · Accounting effect · Capital5 facts ▸
General meeting, 31-12-2020
Merger, verrichting gelijkgesteld met fusie door overneming, 01-01-2021
Accounting effect, 01-01-2021
Statutes amendment
Capital
2020
31-12
FinancialEquity above €1mEq €1.6m ▲395%
3 profitable years in a row build equity to €1.6m.
25-11
State Gazette actRestructuring
Merger · Accounting effect · Power of attorney6 facts ▸
Merger, absorption, 31-12-2020
Accounting effect, 01-01-2021
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 filingAnnual accounts filed
fiscal year 2019 · full schema
28-01
State Gazette actPermanent representative: Stijn Degrieck
3 facts ▸
Board meeting, 07-01-2020
Board meeting, 06-01-2020
Permanent representative, Stijn Degrieck
2019
11-07
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
16-05
State Gazette actResignation: Runubiz Comm. V. (manager)
Appointments: Bart Watteeuw (manager) and Deloitte Bedrijfsrevisoren BV ovve CVBA (statutory auditor) · Mandate compensation · Power of attorney8 facts ▸
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
PurposeThe activities the company may carry out under its articles.
Het verlenen van advies en bijstand met betrekking tot de toepassing van computerprogramma's; Het analyseren, ontwerpen, programmeren en ontwikkelen van computerprogramma's; De…
7 activities
Het verlenen van advies en bijstand met betrekking tot de toepassing van computerprogramma's.
Het analyseren, ontwerpen, programmeren en ontwikkelen van computerprogramma's.
De handel en commissiehandel in computers en randapparatuur, in electronisch materieel evenals kantoormachines en -materieel.
Het huren en verhuren van kantoormachines en computers.
Het organiseren van seminaries en opleidingen.
Het opstellen en uitgeven van handleidingen en cursussen.
Alle activiteiten in verband met marktonderzoek en in verband met secretariaatsactiviteiten.
Other provisionsOther rules from the articles that fall under none of the themes above.
Other statement: Vrijstelling goedkeuring algemene vergadering bij vereenvoudigde fusie, artikel 12:53, zesde paragraaf WVV