Equity
Equity fell by 61% in 9 years.
Equity fell by 61% in 9 years.
From profit to loss in 2026, after a profit of €36,291 in 2025.
The micro format states no turnover.
In 2026, nobody joined and 2 people left.
The last five annual accounts were filed 2 to 100 days before the end of the period.
Lower net result than 90% of companies in fabricated metal products. Sector median €9,177 · 85 companies.
In July 2024, 6,908 companies had the same profile as CODITECH has now. Each dot stands for 18 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,908 companies, not a prediction for CODITECH. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CODITECH Menen | €308,725 | €171,660 | 74.9% | - |
| RALUCO Harelbeke | €461,225 | €237,397 | 14.1% | 3.3 |
| Ward VS Roeselare | €525,170 | €250,198 | 63.1% | - |
| AMALO Ingelmunster | €295,039 | €323,058 | 58.9% | - |
| Renoblast Ninove | €318,251 | €88,352 | -7.3% | - |
| Lakkerij Verdonck Lokeren | €463,652 | €275,304 | 0.9% | 5.8 |
| YVENS GALVAN Sprimont | €206,466 | €223,237 | 42.3% | 4.9 |
These companies have the same main activity as CODITECH: coating of metals (NACE 25510). They are comparable in size and age: total assets between €206,000 and €525,000, founded between 2007 and 2017.
CODITECH files the micro format. That format states no turnover. The gross margin fell from €397,884 in 2015 to €171,660 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €430,000. Estimated: probably between €290,000 and €670,000.
Higher than 68% of 2,515 companies in 2025.
Higher than 64% of 2,473 companies in 2025.
Higher than 60% of 2,494 companies in 2025.
Staff costs divided by the average number of full-time equivalents.
In 2026, nobody joined and 2 people left.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
308,725 | 390,412 | 427,336 | 530,728 | 569,830 | 571,017 | 575,364 | 685,532 | 890,307 | 961,462 | 1.0m | 1.1m | |
20 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
21/28 |
56,443 | 56,808 | 76,959 | 139,412 | 172,631 | 259,457 | 346,656 | 426,010 | 530,007 | 649,113 | 727,480 | 694,205 | |
21 |
- | 0 | 1,221 | 86,179 | 171,137 | 256,095 | 341,052 | 426,010 | 510,968 | 495,926 | 416,598 | 268,521 | |
22/27 |
56,443 | 56,808 | 75,738 | 53,234 | 1,494 | 3,362 | 5,604 | 0 | 19,039 | 153,186 | 310,882 | 425,685 | |
22 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
23 |
37,522 | 28,101 | 37,244 | 8,915 | 920 | 2,070 | 3,449 | 0 | 18,792 | 152,694 | 310,882 | 425,685 | |
24 |
18,921 | 28,708 | 38,494 | 44,318 | - | - | - | 0 | 246 | 493 | 0 | 0 | |
26 |
- | - | - | 0 | 574 | 1,293 | 2,154 | 0 | 0 | 0 | 0 | 0 | |
27 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
28 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
29/58 |
252,282 | 333,604 | 350,377 | 391,315 | 397,199 | 311,560 | 228,708 | 259,522 | 360,300 | 312,349 | 277,025 | 425,793 | |
29 |
- | - | - | - | - | - | - | 0 | - | - | - | - | |
290 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
291 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
3 |
136,821 | 159,271 | 141,387 | 173,801 | 96,907 | 93,830 | 101,443 | 111,633 | 119,460 | 122,758 | 159,744 | 139,773 | |
30/36 |
136,821 | 159,271 | 141,387 | 173,801 | 96,907 | 93,830 | 101,443 | 111,633 | 119,460 | 122,758 | 159,744 | 139,773 | |
37 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
40/41 |
113,892 | 147,193 | 126,507 | 52,584 | 177,146 | 73,960 | 82,271 | 97,743 | 102,581 | 50,709 | 56,707 | 94,360 | |
40 |
107,242 | 132,354 | 96,311 | 51,051 | 161,605 | 72,499 | 71,254 | 72,743 | 102,581 | 50,709 | 54,196 | 94,360 | |
41 |
6,650 | 14,839 | 30,196 | 1,533 | 15,541 | 1,460 | 11,017 | 25,000 | 0 | 0 | 2,512 | 0 | |
50/53 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
54/58 |
317 | 25,974 | 81,737 | 164,784 | 122,235 | 143,146 | 44,239 | 50,147 | 138,258 | 138,881 | 60,574 | 191,660 | |
490/1 |
1,253 | 1,166 | 746 | 146 | 912 | 624 | 754 | 0 | 0 | 0 | 0 | 0 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
308,725 | 390,412 | 427,336 | 530,728 | 569,830 | 571,017 | 575,364 | 685,532 | 890,307 | 961,462 | 1.0m | 1.1m | |
10/15 |
231,135 | 249,282 | 212,991 | 303,075 | 324,771 | 328,731 | 285,519 | 216,792 | 157,274 | 596,140 | 565,037 | 541,601 | |
10/11 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 525,000 | 525,000 | 525,000 | |
10 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | - | - | - | - | - | - | - | |
100 |
61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 61,500 | 525,000 | 525,000 | 525,000 | |
101 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
11 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
12 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
13 |
169,635 | 187,782 | 151,491 | 241,575 | 263,271 | 267,231 | 224,019 | 155,292 | 95,774 | 71,140 | 40,037 | 15,850 | |
130/1 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | - | 0 | - | - | - | - | |
130 |
6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 6,150 | 5,827 | 2,022 | 850 | |
1312 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
1319 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
132 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
133 |
163,485 | 181,632 | 145,341 | 235,425 | 257,121 | 261,081 | 217,869 | 149,142 | 89,624 | 65,313 | 38,015 | 15,000 | |
14 |
- | - | 0 | 0 | 0 | - | - | 0 | 0 | 0 | 0 | 751 | |
15 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
19 |
- | - | - | - | - | - | - | 0 | - | - | - | - | |
16 |
- | - | - | - | - | - | - | 0 | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
160 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
161 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
162 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
163 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
164/5 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
168 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
17/49 |
77,590 | 141,130 | 214,345 | 227,653 | 245,059 | 242,286 | 289,844 | 468,741 | 733,033 | 365,322 | 439,469 | 578,397 | |
17 |
- | - | - | - | - | - | - | 0 | 36,374 | 144,313 | 250,505 | 354,980 | |
170/4 |
- | - | - | - | - | - | - | 0 | 36,374 | 144,313 | 250,505 | 354,980 | |
175 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
176 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
42/48 |
77,590 | 140,202 | 209,627 | 226,686 | 243,762 | 239,596 | 282,663 | 456,060 | 696,045 | 219,147 | 188,963 | 222,102 | |
42 |
- | - | - | - | - | - | 0 | 45,435 | 116,851 | 106,193 | 104,474 | 102,768 | |
43 |
- | - | - | - | - | - | - | 0 | - | - | - | - | |
430/8 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
439 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
44 |
36,311 | 30,715 | 44,114 | 40,602 | 56,335 | 37,644 | 36,706 | 8,403 | 10,265 | 33,078 | 60,634 | 102,266 | |
440/4 |
36,311 | 30,715 | 44,114 | 40,602 | 56,335 | 37,644 | 36,706 | 8,403 | 10,265 | 33,078 | 60,634 | 102,266 | |
441 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
46 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
45 |
27,717 | 48,159 | 40,240 | 36,084 | 37,427 | 36,952 | 35,957 | 42,221 | 42,429 | 34,877 | 23,855 | 17,069 | |
450/3 |
2,407 | 24,490 | 21,492 | 13,126 | 9,489 | 15,552 | 18,363 | 21,564 | 23,437 | 17,038 | 2,666 | 6,977 | |
454/9 |
25,310 | 23,669 | 18,748 | 22,958 | 27,938 | 21,401 | 17,594 | 20,657 | 18,992 | 17,839 | 21,189 | 10,091 | |
47/48 |
13,562 | 61,327 | 125,274 | 150,000 | 150,000 | 165,000 | 210,000 | 360,000 | 526,500 | 45,000 | 0 | 0 | |
492/3 |
0 | 928 | 4,718 | 966 | 1,297 | 2,690 | 7,182 | 12,681 | 614 | 1,861 | 0 | 1,315 | |
| Income statement | |||||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
76A |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9900 |
171,660 | 236,507 | 133,623 | 315,266 | 410,995 | 476,985 | 375,778 | 373,429 | 447,184 | 434,848 | 443,904 | 397,884 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | |
62 |
156,552 | 158,722 | 112,010 | 129,841 | 145,699 | 123,649 | 117,465 | 109,989 | 113,888 | 107,344 | 146,552 | 85,131 | |
630 |
23,366 | 20,150 | 102,018 | 88,303 | 86,826 | 87,199 | 88,694 | 103,997 | 219,106 | 229,107 | 259,177 | 277,795 | |
631/4 |
6,569 | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
635/8 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
640/8 |
628 | 11,135 | 599 | 37 | 559 | 2,898 | 1,075 | 1,073 | 1,071 | 551 | 202 | 0 | |
649 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
66A |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9901 |
-15,454 | 46,499 | -81,004 | 97,086 | 177,912 | 263,238 | 168,545 | 158,370 | 113,120 | 97,846 | 37,973 | 34,958 | |
75/76B |
1,735 | 0 | 827 | 21 | 1,401 | 380 | 2,116 | 837 | 83 | 4,349 | 1,447 | 2,638 | |
75 |
1,735 | 0 | 827 | 21 | 1,401 | 380 | 2,116 | 837 | 83 | 4,349 | 1,447 | 2,638 | |
76B |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
65/66B |
4,262 | 10,047 | 9,743 | 5,335 | 3,814 | 4,866 | 12,948 | 13,974 | 13,631 | 13,740 | 14,057 | 19,492 | |
65 |
4,262 | 10,047 | 9,743 | 5,335 | 3,814 | 4,866 | 12,948 | 13,974 | 13,631 | 13,740 | 14,057 | 19,492 | |
66B |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
9903 |
-17,982 | 36,452 | -89,920 | 91,771 | 175,499 | 258,752 | 157,713 | 145,233 | 99,572 | 88,455 | 25,363 | 18,105 | |
67/77 |
166 | 161 | 164 | 23,467 | 29,459 | 50,540 | 28,985 | 25,715 | 11,938 | 12,352 | 1,927 | 1,503 | |
9904 |
-18,147 | 36,291 | -90,084 | 68,304 | 146,039 | 208,212 | 128,727 | 119,518 | 87,634 | 76,103 | 23,435 | 16,601 | |
789 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
689 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
9905 |
-18,147 | 36,291 | -90,084 | 68,304 | 146,039 | 208,212 | 128,727 | 119,518 | 87,634 | 76,103 | 23,435 | 16,601 | |
| Appropriation of the result | |||||||||||||
9906 |
-18,147 | 36,291 | -90,084 | 68,304 | 146,039 | 208,212 | 128,727 | 119,518 | 87,634 | 76,103 | 24,187 | 16,601 | |
791/2 |
18,147 | 0 | 90,084 | 21,696 | 90,000 | - | - | 0 | 0 | 0 | 0 | 0 | |
691/2 |
0 | 36,291 | - | 0 | 86,039 | 43,212 | 68,727 | 59,518 | 24,634 | 31,103 | 24,187 | 15,850 | |
691 |
- | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | - | - | 0 | 323 | 3,805 | 1,172 | 850 | |
6921 |
0 | 36,291 | - | 0 | 86,039 | 43,212 | 68,727 | 59,518 | 24,310 | 27,298 | 23,015 | 15,000 | |
694/7 |
- | - | 0 | 90,000 | 150,000 | 165,000 | 60,000 | 60,000 | 63,000 | 45,000 | - | - | |
694 |
- | - | 0 | 90,000 | 90,000 | 105,000 | - | 0 | 0 | 0 | 0 | 0 | |
695 |
- | - | - | 0 | 60,000 | 60,000 | 60,000 | 60,000 | 63,000 | 45,000 | 0 | 0 | |
696 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | |
| Social balance sheet | |||||||||||||
9087 |
2.6 | 3.6 | 2.9 | 3.2 | 3.5 | 3.5 | 3.3 | 3.4 | 3.5 | 3.4 | 3.9 | 2.7 | |
Hours worked1013 |
4,269 | 5,078 | 3,585 | 4,589 | 5,711 | 5,070 | 4,676 | 4,813 | 4,959 | 4,980 | 6,577 | 4,155 | |
| Document | |||||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 29-10-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-10-2026 | 2026-00595089 | |
| 31-03-2025 | micro format | 23-07-2025 | 2025-00299467 | |
| 31-03-2024 | micro format | 06-09-2024 | 2024-00454529 | |
| 31-03-2023 | micro format | 11-10-2023 | 2023-00482415 | |
| 31-03-2022 | micro format | 25-10-2022 | 2022-20471808 | |
| 31-03-2021 | micro format | 29-09-2021 | 2021-69000337 | |
| 31-03-2020 | micro format | 14-09-2020 | 2020-52800590 | |
| 31-03-2019 | micro format | 10-09-2019 | 2019-63800423 | |
| 31-03-2018 | micro format | 11-09-2018 | 2018-62600336 | |
| 31-03-2017 | micro format | 07-09-2017 | 2017-60300332 | |
| 31-03-2016 | abbreviated format | 30-08-2016 | 2016-52400595 | |
| 31-03-2015 | abbreviated format | 14-09-2015 | 2015-58600174 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7,912 | 66,649 | 21,014 | 185,389 | 264,738 | 350,437 | 257,238 | 262,367 | 332,225 | 326,954 | 297,150 | 312,753 | ||
| 5,219 | 56,441 | 11,934 | 156,607 | 232,865 | 295,412 | 217,421 | 223,515 | 306,739 | 305,210 | 282,612 | 294,396 | ||
| 23,000 | 0 | 39,564 | 55,084 | 0 | 0 | 9,339 | 0 | 100,000 | 150,739 | 292,452 | 972,000 | ||
| -25,657 | -55,763 | -83,047 | 42,550 | -20,912 | 98,907 | -5,908 | -88,112 | -623 | 78,307 | -131,086 | - | ||
| 174,693 | 193,402 | 140,750 | 164,629 | 153,437 | 71,964 | -53,955 | -196,537 | -335,745 | 93,202 | 88,062 | 203,691 | ||
| 74.9% | 63.9% | 49.8% | 57.1% | 57.0% | 57.6% | 49.6% | 31.6% | 17.7% | 62.0% | 56.3% | 48.4% | ||
| 3.25 | 2.38 | 1.67 | 1.73 | 1.63 | 1.30 | 0.81 | 0.57 | 0.52 | 1.43 | 1.47 | 1.92 | ||
| 1.49 | 1.24 | 1.00 | 0.96 | 1.23 | 0.91 | 0.45 | 0.32 | 0.35 | 0.87 | 0.62 | 1.29 | ||
| 0.34 | 0.57 | 1.01 | 0.75 | 0.75 | 0.74 | 1.02 | 2.16 | 4.66 | 0.61 | 0.78 | 1.07 | ||
| -7.9% | 14.6% | -42.3% | 22.5% | 45.0% | 63.3% | 45.1% | 55.1% | 55.7% | 12.8% | 4.1% | 3.1% | ||
| -5.9% | 9.3% | -21.1% | 12.9% | 25.6% | 36.5% | 22.4% | 17.4% | 9.8% | 7.9% | 2.3% | 1.5% | ||
| 1.86 | 6.63 | 2.16 | 34.75 | 69.40 | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 4 | 3 | 4 | 4 |
| full-time | 0 | 2 | 1 | 2 | 1 |
| part-time | 2 | 2 | 2 | 2 | 3 |
| in full-time equivalents | 1.6 | 3.6 | 2.6 | 3.6 | 3.5 |
| 2.6 | 3.6 | 2.9 | 3.2 | 3.5 | |
| On a permanent contract | 2 | 4 | 3 | 4 | 4 |
| Joined | 0 | 1 | 1 | 1 | 1 |
| Left | 2 | 0 | 2 | 1 | 1 |
| Training hours | - | - | - | - | 109 |
Source: social balance sheet in the 2022 to 2026 annual accounts
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,000 | - | €39,564 | €55,084 | - |
| €23,366 | €20,150 | €102,018 | €88,303 | €86,826 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €15,454, after a profit of €46,499 in 2025.
Debt's share of the balance-sheet total falls from 36.1% to 25.1%. Equity and debt are lower.
CODITECH has no parent and no holdings in its annual accounts.
via , no longer at · Director · deed of 26-08-2024 founded in 1983 |
26 FTE (2025) |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Krommebeekstraat 24 registered office 8930 Menen | 16-04-2014 | 2.230.291.207 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34372B0280/00H000 | 2,587 m² | 1 · 1,000 m² | 7.9 m · 2 |
If something looks wrong or is missing, please tell us.