Equity
€3.8m from €8.1m in 2018
Equity fell by 54% in 7 years.
CODIT
Lifetime
20 annual accounts with figures on one time axis, 26 filings since 2000peak €15.5m (2021)
€14.4m▲ 6.1%
lowest -€61,089 (2007)
-€3,176▼ €519,620
peak €8.1m (2018)
€3.8m▼ 0.1%
€2.4m▲ 40.8%
peak 61.9 FTE (2024)
54.1 FTE▼ 12.6%
Board10 names since 2009
2 directorsCodit holding and 1 other
Owners3 names in the annual accounts
99.87%Codit holding and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Loss of €3,176Staff from 61.9 FTE to 54.1 FTEReappointment: Deloitte Bedrijfsrevisoren (statutory auditor) 03-09Debts from €1.7m to €2.4mInvestments €210,333Cash from €2,954 to €3.1m
Key points
from the 2025 annual accountsResult
-€3,176 -€3,176
From profit to loss in 2025, after a profit of €516,444 in 2024.
Investments
€213,300 2.2 × depreciation
Green is investment, beige is depreciation.
Payment terms
57 days to suppliers
CODIT pays its suppliers 23 days later than in 2024. Customers pay 3 days later.
Filings
26 annual accounts since 2000
The last five annual accounts were filed 39 to 45 days before the end of the period.
Restructuring
2026
Merger with CODIT MANAGED SERVICES. Merger on 01-05-2026.
Checked score
95
Excellent
Financially stronger than 59% of medium-sized companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 206 companies (NACE 62, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €3,176 (financial year 2025)
lowers risk
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)
Calculation
The band follows from the bankruptcy probability. 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). It does better than 79% of them on solvency, 95% on liquidity, 18% on profitability and 46% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 830 companies had the same profile as CODIT has now. Each dot stands for 3 companies, two years later.
96.5%
were still trading
2.9%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of CODIT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 830 companies, not a prediction for CODIT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €350,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.59 (3.68 in 2024), above the usual 1.5. Short-term debt is 36.9% and cash 50.1% of total assets. 38.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
45 days early
2023
41 days early
2022
45 days early
2021
44 days early
2020
60 days early
2019
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Codit holding 99.87%equity €10.2m (2025) · annual accounts 2025
- CODIT MANAGED SERVICES 0.13%equity €182,478 (2025) · annual accounts 2025
- Proximus NXT ITscore 84equity €94.2m (2025) · deed of 13-03-2026
Recent changes
Merger: CODIT takes over CODIT MANAGED SERVICES
General meeting of 30-04-2026 · Gazette deed
Merger proposal: Codit takes over Codit Managed Services
PROXIMUS NXT IT NV is a shareholder · Gazette deed
Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)
General meeting of 16-06-2025 · Gazette deed
1 director appointed, 1 resignation
Resignation: Frederic Lhostte · Permanent representative: Yashfeen Saiyid · Appointment: Leo Eelen · General meeting of 02-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CODIT Ghent | €14.4m | 0.7% | 61.3% | 54.1 |
| STMicroelectronics Belgium Machelen (Brab.) | €12.0m | 4.9% | 37.7% | 62.3 |
| PROJINIT Dendermonde | €16.1m | -0.6% | 23.2% | 56.8 |
| XPOWER Merelbeke-Melle | €9.6m | 11.2% | 58.8% | 44.8 |
| SII BELGIUM Etterbeek | €9.0m | 2.2% | 20.7% | 51.3 |
| THE CONCEPT GROUP Turnhout | €11.8m | 8.7% | 39.3% | 51.9 |
| ONEPOINT BELGIUM Brussels | €8.8m | 1.4% | 58.1% | 40.4 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CODIT: computer programming (NACE 62100). They are comparable in size and age: total assets between €4.4m and €7.9m, founded between 1993 and 2004.
Official details
Source: KBO- Status
- Active since 03-03-2000Normal situation
- Activity
- Computer programmingNACE 62100
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.097.496.8219050 Ghent, since 09-08-2000
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €6.2m▲ 12.6%
- Employeeson 31-12-2025
- 53▼ 8.6%
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Companies linked to CODIT
Insights on CODIT
CODIT has existed since 2000. Turnover grew from €1.2m in 2006 to €14.4m in 2025 and staff from 5.8 to 54.1 full-time equivalents.
Solvency fell in 2025 from 69.1% to 61.3% because of the loss and higher debts to suppliers.
Codit holding holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CODIT
- What is the company number of CODIT?
- The company number of CODIT is 0471.349.823. The VAT number is the same number with BE in front: BE 0471.349.823.
- Where is CODIT based?
- The registered office is at Gaston Crommenlaan 14, 9050 Ghent.Company details
- What does CODIT do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of CODIT?
- CODIT is a private limited company (pre-2019) (BVBA).
- When was CODIT founded?
- CODIT was founded on 03-03-2000.
- Is CODIT still active?
- Yes, CODIT is an active enterprise in the KBO register.
- How many employees does CODIT have?
- CODIT had an average of 54.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CODIT fall under?
- In its 2025 annual accounts, CODIT states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CODIT?
- The turnover of CODIT was €14.4m in financial year 2025, according to the filed annual accounts.
- Is CODIT profitable?
- In financial year 2025, CODIT made a loss of €3,176.
- Where can I find the annual accounts of CODIT?
- CODIT filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CODIT due?
- CODIT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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