Codivex
ActiveCodivex has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504k and a net result of €54k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
90
/ 100
Excellent▲ +4 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability54▲+4
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 14.05 against 10.25 in 2024), and 6.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
93.9%
Return on assets
10.1%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
57 d late
2023
28 d late
2022
58 d late
2021
31 d late
2020
48 d late
2019
42 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€504k▼ 8.4%
2024 · €550k
2018: €244k
2019: €186k
2020: €357k
2021: €463k
2022: €477k
2023: €495k
2024: €550k
2018 → 2025
Total assets
€537k▼ 10.4%
2024 · €599k
2018: €1.29M
2019: €713k
2020: €791k
2021: €700k
2022: €940k
2023: €716k
2024: €599k
2018 → 2025
Net result
€54k▼ 1.0%
2024 · €55k
2018: €-172k
2019: €-58k
2020: €231k
2021: €131k
2022: €34k
2023: €77k
2024: €55k
2018 → 2025
Working capital
€424k▼ 5.8%
2024 · €450k
2018: €122k
2019: €77k
2020: €227k
2021: €335k
2022: €358k
2023: €389k
2024: €450k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€463k-€477k▲ 2.9%€495k▲ 3.9%€550k▲ 11.0%€504k▼ 8.4%
Operating result€156k-€54k▼ 65.5%€109k▲ 103%€77k▼ 29.7%€73k▼ 4.5%
Net result€131k-€34k▼ 74.4%€77k▲ 129%€55k▼ 28.8%€54k▼ 1.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €537k
Fixed assets
€80k▼ 20.0%
Current assets
€457k▼ 8.4%
Equity and liabilities €537k
Equity
€504k▼ 8.4%
Debt
€33k▼ 33.2%
The debt ratio falls from 8.1% to 6.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€93k▼
2024 · €99k
Cash flow
€74k▼
2024 · €76k
Solvency
93.9%▲
2024 · 91.9%
Current ratio
14.05▲
2024 · 10.25
Quick ratio
9.89▲
2024 · 6.74
Debt / equity
0.06▼
2024 · 0.09
ROE
10.7%▲
2024 · 9.9%
ROA
10.1%▲
2024 · 9.1%
Interest coverage
52.72▲
2024 · 19.07
Debt
€33k▼
2024 · €49k
Debt ≤ 1 year
€33k▼
2024 · €49k
Income taxes
€18k▼
2024 · €19k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€599k€537k▼
Fixed assets21/28€100k€80k▼
Tangible fixed assets22/27€100k€80k▼
Land and buildings22€79k€69k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€14k€5k▼
Other tangible fixed assets26€2k€1k▼
Current assets29/58€499k€457k▼
Stocks and contracts in progress3€171k€135k▼
Stocks30/36€171k€135k▼
Amounts receivable within one year40/41€253k€173k▼
Trade receivables40€172k€159k▼
Other amounts receivable41€81k€14k▼
Cash at bank and in hand54/58€75k€143k▲
Deferred charges and accrued income490/1-€6k
Equity and liabilities
Total equity and liabilities10/49€599k€537k▼
Equity10/15€550k€504k▼
Contributions10/11€22k€22k=
Reserves13€548k€448k▼
Distributable reserves133€548k€448k▼
Profit (loss) carried forward14€-20k€34k▲
Amounts payable17/49€49k€33k▼
Amounts payable within one year42/48€49k€33k▼
Current portion of amounts payable after more than one year42€3k-
Financial debts43-€5k
Credit institutions430/8-€5k
Trade debts44€6k€16k▲
Suppliers440/4€6k€16k▲
Taxes, remuneration and social security45€39k€11k▼
Taxes450/3€39k€11k▼
Other amounts payable47/48€8-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€101k€95k▼
Operating profit (loss)9901€77k€73k▼
Financial income75/76B€2k€663▼
Recurring financial income75€2k€663▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€73k€72k▼
Income taxes67/77€19k€18k▼
Profit (loss) for the period9904€55k€54k▼
Profit (loss) for the period to be appropriated9905€55k€54k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€34k▲
Profit (loss) brought forward from the previous period14P€-75k€-20k▲
Transfer from equity791/2-€100k
Profit to be distributed694/7-€100k
Return on contributions (dividend)694-€100k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 57 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 10.25
Current ratio from 2.79 to 10.25; short-term debt falls from €217k to €49k.
31-12
Financial
Equity above €500kEq €550k ▲11%
5 profitable years in a row build equity to €550k.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 48 days late
2020
31-12
Financial
Back to profitnet €231k
Net result €231k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €357k ▲91.9%
Equity rises from €186k to €357k.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lille · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vlimmersebaan 1362275 LilleGround area
1.4 ha
Building footprint
7,609 m²
Volume, LiDAR
51,524 m³
Parcel 13047A0198/00Y002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CODIVEX
since 20072.164.897.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13047A0198/00Y002 | Flanders | 1.4 ha | 1 · 7,609 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 384 EUR awarded · 384 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 117 EUR | 117 EUR |
| 2022 | 1 | 267 EUR | 267 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 448 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2007
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
33300
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.