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CODIVAR

Active Private limited companyfounded 1997active for 29 yearsTorhoutsesteenweg 10, 8432 MiddelkerkeKBO/BCE: BE 0461.706.241 #10 company by equity in Middelkerke, Agriculture, forestry and fishing sector
CODIVAR
Financial year 2025
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Annual accounts 2025

micro format, filed on 14-07-2026, 17 days before the deadline
€81,334
▲ 10.6%
€24,910
▲ 60.3%
€74,192
▲ 11.1%
€62,489
▲ 10.3%
87.7%
▲ 8.4 percentage points
10.54
▼ 1.62

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 ≈ €230,000. Estimated: probably between €150,000 and €320,000.

In the rankings #10 company by equity in Middelkerke, Agriculture, forestry and fishing sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €426,302 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

87.7%

Higher than 92% of 3,723 companies in 2025.

10.54

Higher than 95% of 3,646 companies in 2025.

3.1%

Higher than 54% of 3,678 companies in 2025.

CODIVAR Middle half of the sector 80% of the sector Micro accounts in crop and animal production (NACE 01)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 426,302454,732410,770447,261500,001546,112766,3171.1m1.2m1.2m1.2m1.3m698,029731,195733,966806,100840,599798,341935,9481.2m
21/28 272,502311,659283,382304,656348,470416,704485,562666,787761,928775,069860,182911,320407,044416,609475,520455,476439,351586,139662,701886,929
21 ----------------4,32715,99629,89343,790
22/27 272,502311,659283,382304,656348,470416,704485,562666,787761,928775,069860,182911,320407,044416,609475,520455,476435,024570,143632,808843,140
22 255,323285,563264,099280,432341,384404,820469,883543,696620,665701,310751,098764,804262,177286,072294,771270,594299,245429,207461,722639,536
23 8452,2623,8494,1903,0683,8483,45938,40358,83946,94564,46479,05791,076107,231122,704117,076103,12991,68394,677133,861
24 16,33323,83315,43420,0344,0188,03612,22084,68882,42426,81444,62067,45853,79123,30758,04667,80632,65049,25376,40969,743
29/58 153,801143,073127,387142,605151,531129,408280,755465,606426,449411,168358,522348,920290,985314,586258,446350,624401,247212,202273,247273,445
3 2,1173,2275,83413,2737,2756,1201,457147,839156,838154,636114,49790,42582,15585,52281,94962,35029,15078,540104,134126,435
30/36 2,1173,2275,83413,2737,2756,1201,457147,839156,838154,636114,49790,42582,15585,52281,94962,35029,15078,540104,134126,435
40/41 106,858103,506104,917110,56299,86394,77093,661117,24598,07566,19467,20499,54494,92974,15772,482100,62176,42885,399117,083134,892
40 106,858103,488103,498110,47899,72094,75385,686109,71486,87763,42167,20481,83987,45773,00362,17164,17866,45176,56794,571112,218
41 0191,41984143177,9747,53211,1982,773-17,7067,4731,15510,31136,4439,9778,83222,51222,674
50/53 -------128,952143,493147,939150,826148,08292,190102,84488,456100,348----
54/58 40,85335,14015,29916,15241,77727,533184,88068,31223,11439,33622,9846,74921,71047,09314,07487,305295,67048,26352,03012,118
490/1 3,9721,2001,3382,6192,6169857573,2584,9283,0623,0124,121-4,9701,485-----
Balance sheet: equity and liabilities
10/49 426,302454,732410,770447,261500,001546,112766,3171.1m1.2m1.2m1.2m1.3m698,029731,195733,966806,100840,599798,341935,9481.2m
10/15 373,822360,616290,177284,882283,245291,874307,784525,752586,537593,465598,470600,325571,688573,931531,210499,432486,506297,957263,625206,194
10/11 190,000190,000125,000125,000125,000125,000-352,231352,231352,231352,231352,231352,23161,97361,97361,97361,97361,97361,97361,973
100 -------352,231352,231352,231352,231352,231352,23161,97361,97361,97361,97361,97361,97361,973
11 ------125,000-------------
1100/10 ------125,000-------------
13 183,822170,616165,177159,882162,459178,001182,784188,434232,938238,498242,135242,622212,617468,072437,153300,145310,550168,097168,09765,718
130 -------11,08711,08710,93510,68610,2618,2636,1976,1976,1976,1976,1976,1973,818
132 17,77821,91726,05526,57430,21645,75850,54257,15665,77074,38482,99891,979101,927111,875130,955143,947154,35211,90011,90011,900
133 166,044148,699139,122133,308132,243132,243132,243120,191156,080153,179148,451140,382102,426350,000300,000150,000150,000150,000150,00050,000
14 -----4,214-11,127--14,913-----35,67822,508137,314113,98367,88633,55478,503
15 --------1,3682,7364,1045,4726,8408,2089,576-----
16 5,9267,3068,68513,68415,55917,43419,89723,30327,81132,31936,82641,52346,71751,91161,80867,99473,352---
168 5,9267,3068,68513,68415,55917,43419,89723,30327,81132,31936,82641,52346,71751,91161,80867,99473,352---
17/49 46,55386,810111,908148,696201,197236,804438,635583,339574,029560,453583,408618,39279,624105,353140,948238,674280,740500,384672,323954,180
17 31,29874,612101,977136,840193,963228,036204,742480,187482,621512,518536,111227,77813,00043,50179,601121,301163,000360,108444,354528,131
170/4 -------161,111177,778194,444211,111227,77813,00043,50179,601121,301163,000360,108444,354528,131
178/9 31,29874,612101,977136,840193,963228,036204,742319,076304,843318,073325,000---------
42/48 14,58811,7689,59010,5887,0428,584233,893103,15190,68547,50745,326390,61463,11861,83361,289117,279117,607140,105226,757424,802
42 -------16,66716,66716,66716,66729,66730,50036,10041,70041,70056,63484,24783,80683,329
44 7,0335,0756,6307,7382,8705,0751,93262,36052,00711,5069,333142,34320,23813,8675,85766,88318,58538,69377,059234,364
440/4 7,0335,0756,6307,7382,8705,0751,93262,36052,00711,5069,333142,34320,23813,8675,85766,88318,58538,69377,059234,364
45 7,5556,6922,9612,8514,1723,5094,73114,50612,93112,00612,3827,14712,38011,86613,4758,69542,38817,16645,89212,062
450/3 7,5556,6922,9612,8514,1723,5094,7318,1365,2394,0915,2451,4991,0101,2731,2401,2556,11011,4016,329-
454/9 -------6,3707,6927,9157,1375,64811,37110,59312,2347,44136,2785,76439,56312,062
47/48 ------227,2319,6199,0807,3296,944211,457--258---20,00095,047
492/3 6684313411,267192184--7244281,971-3,5061958951331711,2121,247
Income statement
70 --------------448,692490,318624,693844,635962,5621.3m
76A -----------5609,678-1,9013,000220,8343,68650,023-
9900 81,33473,55472,42985,02774,48870,62322,828169,386204,785213,471242,468235,762188,469181,331194,801182,658225,851247,646332,122382,424
60/61 --------------265,593313,013402,505600,226634,051887,180
62 ------39086,42480,31880,17980,27879,26785,41370,57259,53248,79955,07466,548120,246156,378
630 49,28251,22457,58271,56268,23472,34286,839116,432114,091122,191129,935128,83263,27973,65688,34994,46693,982109,384120,934131,109
631/4 -------647---4,9365,583---------
640/8 7,1416,7956,5365,9686,4106,3166,6416,7776,33010,9015,4684,1183,8583,51711,4796,8254,4246,6087,8448,586
66A ------15,813-----3123,246-29,0672,479-3,828778
9901 24,91015,5358,3107,496-155-8,034-86,208-40,2474,0465,13621,20423,54535,91833,58735,44032,56872,37165,10783,09886,351
75/76B 300311100,6609,22210,0485,1149,8946,2825,9745,7348,00722,3101,2052,7223,9214,800
75 300311845,9726,1885,1149,8946,2825,9745,7348,00722,3101,2052,7223,9214,800
76B ------100,5773,2503,860-----------
65/66B 4,2616,2907,4327,6318,56510,3407,43531,97821,42917,82420,3461,62013,216-10,31517,62816,16018,58421,26825,28728,607
65 4,2616,2907,4327,6318,56510,3407,43531,97821,42917,82420,3461,62013,216-10,31517,62816,16018,58421,26825,28728,607
9903 20,6529,245878-132-8,720-18,3737,017-63,003-7,336-7,57410,75228,76738,04246,39027,72012,651273,34850,248107,92761,765
780 1,3791,3791,3791,8751,875---------------
67/77 8,8255,1855811071,785-01,1599212,73357015,9373,95511,86112,19712,4245,08311,44715,91530,49617,508
9904 13,2065,4401,6761,637-8,629-15,9109,263-59,417-5,561-3,637-48830,00631,37544,08922,20212,926188,54934,33377,43144,257
789 4,1384,1384,1383,64215,5424,7836,6148,6148,6148,6148,9819,9489,94819,08012,99210,4052,000---
689 ----------------144,453---
9905 17,3459,5785,8145,2796,913-11,12715,877-50,8033,0544,9788,49339,95341,32363,17035,19423,33146,09734,33377,43144,257
Appropriation of the result
9906 17,3459,5785,8141,065-4,214-11,127964-50,8033,0544,9788,49339,95377,00185,678172,508137,314113,98367,886155,93480,716
14P --0-4,214-11,127---------------
791/2 ------10,26135,889----247,574-------
691/2 17,3459,5785,8141,065--11,225-3,0544,9788,49339,9532,06650,000150,000---102,3802,213
6920 --------1532494251,9982,066-----2,3802,213
6921 17,3459,5785,8141,065--11,225-2,9014,7298,06937,956-50,000150,000---100,000-
694/7 ------------322,508-----20,000-
694 ------------322,508-------
695 ------------------20,000-
Social balance sheet
9087 -------333.12.82.83.23.12.52.333.75.56.7
Hours worked1013 -------5,1725,0584,9774,8764,8035,3884,7874,1993,6133,4855,1728,99511,059
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 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 2025 at the NBB, filed on 14-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 14-07-2026 2026-00304305 PDF
31-12-2024 micro format 08-07-2025 2025-00248359 PDF
31-12-2023 micro format 15-07-2024 2024-00244115 PDF
31-12-2022 micro format 04-07-2023 2023-00203056 PDF
31-12-2021 micro format 08-07-2022 2022-20167778 PDF
31-12-2020 micro format 01-07-2021 2021-30000375 PDF
31-12-2019 micro format 02-07-2020 2020-25900354 PDF
31-12-2018 micro format 01-07-2019 2019-27900094 PDF
31-12-2017 micro format 29-06-2018 2018-25500594 PDF
31-12-2016 micro format 27-04-2017 2017-10000363 PDF
31-12-2015 abbreviated format 01-07-2016 2016-25900481 PDF
31-12-2014 abbreviated format 17-07-2015 2015-32200180 PDF
31-12-2013 abbreviated format 30-06-2014 2014-22800049 PDF
31-12-2012 abbreviated format 01-07-2013 2013-24300142 PDF
31-12-2011 abbreviated format 02-07-2012 2012-24000456 PDF
31-12-2010 abbreviated format 04-07-2011 2011-24200542 PDF
31-12-2009 abbreviated format 01-07-2010 2010-26500278 PDF
31-12-2008 abbreviated format 16-07-2009 2009-42400166 PDF
31-12-2007 abbreviated format 07-08-2008 2008-53800099 PDF
31-12-2006 abbreviated format 08-08-2007 2007-55100401 PDF
31-12-2005 abbreviated format 25-08-2006 2006-66300775 PDF
31-12-2004 abbreviated format 29-09-2005 2005-72404921 PDF
31-12-2003 abbreviated format 17-08-2004 2004-60004851 PDF
31-12-2002 abbreviated format 18-09-2003 2003-67404215 PDF
31-12-2001 abbreviated format 30-07-2002 2002-44004760 PDF
31-12-2000 abbreviated format 01-08-2001 2001-46701064 PDF
31-12-1999 abbreviated format 31-07-2000 2000-48001124 PDF
31-12-1998 abbreviated format 30-07-1999 1999-38801327 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
74,19266,75965,89279,05968,07964,30863176,185118,137127,327151,140152,37799,197107,242123,789127,034166,353174,490204,032217,460
62,48956,66359,25873,19959,60556,43196,10357,015108,530118,555129,448158,83894,655117,745110,551107,391282,531143,716198,364175,366
10,12579,50036,30827,74903,484-94,38621,291114,59037,07878,798636,54755,67948,991108,393232,65756,53834,23672,702239,777
5,71319,841-853-25,62514,244-157,347116,56845,198-16,22216,35216,235-14,962-25,38233,018-73,231-208,364247,407-3,76639,912-
139,213131,306117,797132,016144,489120,82446,862362,455335,763363,660313,196-41,694227,866252,753197,157233,345283,64172,09746,490-151,357
--------------7.9%6.6%11.6%7.7%8.6%6.8%
87.7%79.3%70.6%63.7%56.6%53.4%40.2%46.4%49.4%50.0%49.1%47.6%81.9%78.5%72.4%62.0%57.9%37.3%28.2%17.8%
10.5412.1613.2813.4721.5215.081.204.514.708.657.910.894.615.094.222.993.411.511.210.64
10.4011.8812.6712.2120.4914.361.193.082.975.405.380.663.313.702.882.463.160.950.750.35
0.120.240.390.520.710.811.431.110.980.940.971.030.140.180.270.480.581.682.554.63
3.5%1.5%0.6%0.6%-3.0%-5.5%3.0%-11.3%-0.9%-0.6%-0.1%5.0%5.5%7.7%4.2%2.6%38.8%11.5%29.4%21.5%
3.1%1.2%0.4%0.4%-1.7%-2.9%1.2%-5.2%-0.5%-0.3%0.0%2.4%4.5%6.0%3.0%1.6%22.4%4.3%8.3%3.8%
17.4110.618.8710.367.95---------------
--------------51 days48 days39 days33 days36 days32 days
--------------8 days78 days17 days24 days44 days96 days

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.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€10,125€79,500€36,308--
Financial fixed assets€0----
€49,282€51,224€57,582€71,562€68,234

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CODIVAR

The operating result for 2025 is 60% higher than in 2024 and the highest since 2013. It is the sixth rise in a row, after the fall in 2019.

Debt's share of the balance-sheet total falls from 19.1% to 10.9%. Equity is higher and debt is lower.

Next steps

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