Summary
Codit holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.2m and a net result of -€4.2m. Equity is shrinking by about 3.6% per year across the filed financial years. Its solvency ranks better than 27% of 3,022 sector peers (NACE 64, financial year 2025). The company has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 8.7 FTE
- Equity
- €10.2m
- Loss
- -€4.2m
- Parent
- Proximus NXT IT · 100%
- Holdings
- 7
- Raf PeetersDirector
- Leo EelenDirector
- Yashfeen SAIYID Mohammad FarahildeGeneral manager
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€4.2m
- Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)Power of attorney
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 12% below 2024.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €2.6m | €2.8m | €3.3m | €3.8m | €3.3m | ▼ 12.7% |
| Turnover70 | €1.7m | €2.0m | €2.0m | €2.4m | €2.3m | €2.8m | €3.2m | €3.2m | ▲ 0.3% |
| Other operating income74 | - | - | - | €0.2m | €0.4m | €0.5m | €0.7m | €0.2m | ▼ 74.1% |
| Non-recurring operating income76A | - | - | - | - | - | - | €25 | €122 | ▲ 387% |
| Operating charges60/66A | - | - | - | €2.6m | €2.5m | €3.9m | €3.5m | €3.1m | ▼ 12.7% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.07m | €0.09m | €0.09m | €0.3m | €0.1m | ▼ 58.0% |
| Purchases600/8 | - | - | - | €0.07m | €0.09m | €0.09m | €0.3m | €0.1m | ▼ 58.0% |
| Services and other goods61 | - | - | - | €1.5m | €1.7m | €1.8m | €2.4m | €1.9m | ▼ 21.3% |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.7m | €0.9m | €0.8m | €1.1m | ▲ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.001m | €0.002m | €0.002m | €0.003m | €0.004m | €0.005m | €0.005m | €0.005m | ▼ 9.5% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | ▲ 1.9% |
| Non-recurring operating charges66A | - | - | - | €0.5m | €0 | €1.0m | €295 | €60 | ▼ 79.8% |
| Operating profit (loss)9901 | €1.0m | -€0.3m | €0.3m | -€0.04m | €0.3m | -€0.6m | €0.3m | €0.3m | ▼ 12.2% |
| Financial income75/76B | - | - | - | €1.1m | €1.8m | €1.4m | €0.1m | €0.09m | ▼ 1.4% |
| Recurring financial income75 | €1.2m | €0.1m | €23.0m | €1.1m | €1.8m | €1.4m | €0.1m | €0.04m | ▼ 58.1% |
| Income from financial fixed assets750 | - | - | - | €1.1m | €1.7m | €1.3m | €0 | - | - |
| Income from current assets751 | - | - | - | €0.02m | €0.01m | €0.1m | €0.09m | €0.04m | ▼ 57.5% |
| Other financial income752/9 | - | - | - | €0.01m | €0.005m | €0.006m | €0.005m | €0.002m | ▼ 68.2% |
| Non-recurring financial income76B | - | - | - | - | - | - | - | €0.05m | - |
| Financial charges65/66B | - | - | - | €0.07m | €2.6m | €0.4m | €1.4m | €4.5m | ▲ 221% |
| Recurring financial charges65 | €0.5m | €0.4m | €0.2m | €0.07m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 23.4% |
| Debt charges650 | €0.5m | €0.4m | €0.2m | €0.07m | €0.1m | €0.4m | €0.4m | €0.3m | ▼ 22.8% |
| Other financial charges652/9 | - | - | - | €0.001m | €0.01m | €0.008m | €0.005m | €0.002m | ▼ 70.9% |
| Non-recurring financial charges66B | - | - | - | €0 | €2.5m | €0 | €1.0m | €4.2m | ▲ 320% |
| Profit (loss) for the period before taxes9903 | €1.6m | -€3.8m | €14.2m | €1.0m | -€0.5m | €0.5m | -€1.0m | -€4.2m | ▼ 314% |
| Income taxes67/77 | €0.01m | €0.004m | €0.001m | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 10.4% |
| Taxes670/3 | - | - | - | €0.001m | €0.002m | €0.002m | €0.002m | €0.002m | ▼ 5.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | - | - | €112 | - |
| Profit (loss) for the period9904 | €1.6m | -€3.8m | €14.2m | €1.0m | -€0.5m | €0.5m | -€1.0m | -€4.2m | ▼ 313% |
| Profit (loss) for the period to be appropriated9905 | €1.6m | -€3.8m | €14.2m | €1.0m | -€0.5m | €0.5m | -€1.0m | -€4.2m | ▼ 313% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €38.0m | €34.8m | €26.9m | €26.0m | €24.2m | €22.9m | €22.1m | €30.6m | ▲ 38.6% |
| Fixed assets21/28 | €35.1m | €32.1m | €23.3m | €23.3m | €20.8m | €20.8m | €19.9m | €28.2m | ▲ 42.1% |
| Tangible fixed assets22/27 | €0.004m | €0.002m | €0.004m | €0.009m | €0.007m | €0.007m | €0.01m | €0.005m | ▼ 48.2% |
| Plant, machinery and equipment23 | - | - | - | €0.009m | €0.007m | €0.007m | €0.01m | €0.005m | ▼ 48.2% |
| Financial fixed assets28 | €35.1m | €32.1m | €23.3m | €23.3m | €20.8m | €20.8m | €19.8m | €28.2m | ▲ 42.2% |
| Affiliated companies280/1 | - | - | - | €23.3m | €20.8m | €20.8m | €19.8m | €28.2m | ▲ 42.2% |
| Participating interests280 | - | - | - | €23.3m | €20.8m | €20.8m | €19.8m | €28.2m | ▲ 42.2% |
| Other financial fixed assets284/8 | - | - | - | €363 | €0 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €363 | €0 | - | - | - | - |
| Current assets29/58 | €2.9m | €2.8m | €3.5m | €2.6m | €3.4m | €2.1m | €2.2m | €2.4m | ▲ 7.9% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €1.7m | €2.7m | €3.5m | €2.6m | €3.3m | €2.0m | €2.1m | €1.0m | ▼ 55.2% |
| Trade receivables40 | - | - | - | €0.05m | €0.2m | €0.5m | €0.3m | €0.5m | ▲ 65.6% |
| Other amounts receivable41 | - | - | - | €2.5m | €3.2m | €1.5m | €1.8m | €0.4m | ▼ 76.1% |
| Cash at bank and in hand54/58 | €1.2m | - | - | €0.002m | €0.005m | €0.004m | €0.002m | €1.4m | ▲ 936× |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.04m | €0.08m | €0.1m | €0.02m | ▼ 75.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €38.0m | €34.8m | €26.9m | €26.0m | €24.2m | €22.9m | €22.1m | €30.6m | ▲ 38.6% |
| Equity10/15 | €11.5m | €7.7m | €18.0m | €17.0m | €14.9m | €15.4m | €14.4m | €10.2m | ▼ 28.8% |
| Contributions10/11 | €10.3m | €10.3m | - | €10.3m | €10.3m | €10.3m | €10.3m | €10.3m | = |
| Reserves13 | €1.2m | €0.06m | €7.7m | €6.7m | €4.7m | €5.1m | €5.1m | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.06m | €0.06m | €0.06m | €0 | - | - |
| Distributable reserves133 | - | - | - | €6.7m | €4.6m | €5.1m | €5.1m | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | -€2.6m | - | - | - | - | -€1.0m | -€0.03m | ▲ 97.4% |
| Amounts payable17/49 | €26.5m | €27.1m | €8.9m | €9.0m | €9.3m | €7.5m | €7.7m | €20.4m | ▲ 165% |
| Amounts payable after more than one year17 | €3.0m | €2.3m | €1.5m | €0.7m | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.7m | €0 | - | - | - | - |
| Credit institutions173 | - | - | - | €0.7m | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €23.4m | €24.7m | €7.3m | €8.1m | €9.2m | €7.4m | €7.6m | €20.3m | ▲ 167% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.8m | €0.7m | €0 | - | - | - |
| Trade debts44 | €0.2m | €0.3m | €0.1m | €0.1m | €0.2m | €0.3m | €0.5m | €0.8m | ▲ 63.0% |
| Suppliers440/4 | - | - | - | €0.1m | €0.2m | €0.3m | €0.5m | €0.8m | ▲ 63.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 9.7% |
| Taxes450/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0 | €43 | - |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 9.7% |
| Other amounts payable47/48 | - | - | - | €7.1m | €8.2m | €7.0m | €7.0m | €19.4m | ▲ 178% |
| Accrued charges and deferred income492/3 | - | - | - | €0.2m | €0.05m | €0.1m | €0.09m | €0.07m | ▼ 27.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.6m | -€3.8m | €14.2m | €1.0m | -€0.5m | €0.5m | -€1.0m | -€4.2m | ▼ 313% |
| + Depreciation and write-downs630 | €0.001m | €0.002m | €0.002m | €0.003m | €0.004m | €0.005m | €0.005m | €0.005m | ▼ 9.5% |
| Operating cash flow (approximation) | €1.6m | -€3.8m | €14.2m | €1.0m | -€0.5m | €0.5m | -€1.0m | -€4.1m | ▼ 315% |
| Investment in fixed assets (approximation) | - | €3.0m | €8.7m | -€0.008m | €2.5m | -€0.005m | €1.0m | -€8.4m | - |
| Change in cash | - | - | - | - | €0.004m | -€0.001m | -€0.003m | €1.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 22-06-2026 | 2026-00181365 |
| 31-12-2024 | full format | 16-06-2025 | 2025-00145221 |
| 31-12-2023 | full format | 20-06-2024 | 2024-00153980 |
| 31-12-2022 | full format | 19-06-2023 | 2023-00139197 |
| 31-12-2021 | full format | 17-06-2022 | 2022-20069326 |
| 31-12-2020 | full format | 15-06-2021 | 2021-20400200 |
| 31-12-2019 | full format | 15-06-2020 | 2020-16900357 |
| 31-12-2018 | full format | 11-07-2019 | 2019-32200344 |
| 31-12-2017 | full format | 12-07-2018 | 2018-32600421 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Raf Peeters |
|
| Yashfeen SAIYID Mohammad Farahilde |
|
| Leo Eelen |
|
| Deloitte Bedrijfsrevisoren |
|
| Christophe Crous |
|
| Gérard Hoffmann |
|
| Christophe Van de Weyer |
|
Owners and capital
Owners
2 ownersChain of control
- Proximus NXT IT NV
- Belgische Staat
- FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ
- PROXIMUS
- Proximus NXT IT
- Codit holding
Highest known parent: Proximus NXT IT NV. The sources do not say who stands above it.
Owners 2
- Proximus NXT ITparent100%
- Proximus NXT IT NVconsolidating parentconsolidates
According to the 2025 annual accounts of Codit holding and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Proximus NXT IT (BE 0826.942.915) all shares
- Proximus ICT (BE 0826.942.915) all shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-02-2024 Capital stated in the deed · 10,275,228 shares
Group and network
Holdings and subsidiaries
7 holdings · 8 subsidiaries in the treeHoldings 7
Source for every holding own accounts 2025
- Codit FrankrijkFRsubsidiaryEquity €211,512Result €702100%
- Codit MaltaMTsubsidiaryEquity -€41,595Result -€127,702100%
-
100%
- Codit NederlandNLsubsidiaryEquity €4.8mResult €531,736100%
- Codit UKGBsubsidiaryEquity €406,288Result €311,662100%
- Codit ZwitserlandCHsubsidiaryEquity €817,916Result -€621,483100%
-
99.87%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Codit FrankrijkFR 100%
- Codit MaltaMT 100%
- CODIT MANAGED SERVICES 100%
- Codit NederlandNL 100%
- Codit UKGB 100%
- Codit ZwitserlandCH 100%
According to the 2025 annual accounts of Codit holding and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
4 connected companiesBoard mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
03-09
Gazette deed
Reappointment: Deloitte Bedrijfsrevisoren (statutory auditor)Power of attorney5 facts ▸
- General meeting, 16-06-2025
- Power of attorney, Anne-Claire Leuckx
- Power of attorney, Inge Goossens
- Power of attorney, Anne-Marie Schaerlaeken
- Auditor reappointment, Deloitte Bedrijfsrevisoren (statutory auditor)
09-10
Gazette deed
Resignations: Gérard Hoffmann (director) and Christophe Crous (director)Appointments: Yashfeen Saiyid (director) and Leo Eelen (director) · Shareholding7 facts ▸
- General meeting, 02-09-2024
- Shareholding, 10275228
- Director resignation, Gérard Hoffmann (director)
- Director resignation, Christophe Crous (director)
- Director appointment, Yashfeen Saiyid (director)
- Director appointment, Leo Eelen (director)
- Other provision, “bestuurdersmandaten” (deed in Dutch)
13-06
Gazette deed
Appointment: Yashfeen SAIYID Mohammad Farahilde (algemeen directeur)Power of attorney9 facts ▸
- Board meeting, 31-05-2024
- Board composition, C. Crous (director)
- Board composition, G. Hoffmann (director)
- Board composition, P. Van Der Perren (director)
- Board composition, R. Peeters (director)
- Power of attorney, Stijn Degrieck
- Power of attorney, Itelligent BV
- Director appointment, Yashfeen SAIYID Mohammad Farahilde (algemeen directeur (general manager))
- Power of attorney, Yashfeen SAIYID Mohammad Farahilde
08-02
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Capital · Power of attorney5 facts ▸
- General meeting, 28-12-2023
- Capital conversion, “EERSTE BESLISSING, statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney (2 times)
22-11
Gazette deed
Resignation: Christophe Van de Weyer (director and chair of the board)Appointment: Raf Peeters (director) · Shareholding4 facts ▸
- General meeting, 04-10-2023
- Shareholding, 10275228
- Director resignation, Christophe Van de Weyer (director and chair of the board)
- Director appointment, Raf Peeters (director)
23-12
Gazette deed
Appointments: Deloitte Bedrijfsrevisoren BV (statutory auditor) and Christophe Van de Weyer (director)4 facts ▸
- General meeting, 15-06-2022
- Auditor appointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
- Board meeting, 22-11-2021
- Director appointment, Christophe Van de Weyer (director)
Show earlier events
About the unread acts
Of the 14 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 8 have not 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 30 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
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 8,006 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Codit holding
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoemd met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp,behalve deze die wet of statuten aan algemene…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00