Codivex
ActiveSummary
Codivex has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504,105 and a net result of €54,034. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 95% of 592 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €504,105
- Profit
- €54,034
- Parent
- Zeanco · 99.5%
Why 95raises riskLast filed accounts filed 27 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 14.05, cash €142,592Equity €504,105 (93.9% of total assets)Founded in 2007Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 33, micro): better than 91% on solvency, 81% on liquidity, 55% on profitability and 24% on growth.
The bankruptcy probability was computed on 25-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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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 42 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Liquidity more than triplescurrent ratio 10.25
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00432943.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 5% 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 33, Repair, maintenance and installation of machinery and equipment: 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).
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €157,990 | €43,629 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,664 | €22,906 | €17,625 | €23,468 | €23,649 | €24,902 | €21,895 | €19,976 | ▼ 8.8% |
| Other operating charges640/8 | - | - | - | €4,473 | €3,013 | €3,185 | €2,649 | €2,102 | ▼ 20.7% |
| Gross operating margin9900 | €176,166 | €191,667 | €360,785 | €341,645 | €123,937 | €137,248 | €101,336 | €95,393 | ▼ 5.9% |
| Operating profit (loss)9901 | -€158,826 | -€58,708 | €234,165 | €155,714 | €53,646 | €109,161 | €76,792 | €73,315 | ▼ 4.5% |
| Financial income75/76B | - | - | - | €1,840 | €17 | €8 | €1,608 | €663 | ▼ 58.8% |
| Recurring financial income75 | €3,028 | €10,320 | €3,662 | €1,840 | €17 | €8 | €1,608 | €663 | ▼ 58.8% |
| Financial charges65/66B | - | - | - | €6,132 | €4,967 | €4,029 | €5,174 | €1,770 | ▼ 65.8% |
| Recurring financial charges65 | €14,801 | €9,225 | €6,478 | €6,132 | €4,967 | €4,029 | €5,174 | €1,770 | ▼ 65.8% |
| Profit (loss) for the period before taxes9903 | -€170,599 | -€57,614 | €231,350 | €151,422 | €48,696 | €105,141 | €73,225 | €72,208 | ▼ 1.4% |
| Income taxes67/77 | €955 | €580 | €364 | €20,146 | €15,147 | €28,422 | €18,640 | €18,175 | ▼ 2.5% |
| Profit (loss) for the period9904 | -€171,554 | -€58,194 | €230,986 | €131,276 | €33,550 | €76,719 | €54,585 | €54,034 | ▼ 1.0% |
| Profit (loss) for the period to be appropriated9905 | -€171,554 | -€58,194 | €230,986 | €131,276 | €33,550 | €76,719 | €54,585 | €54,034 | ▼ 1.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €0.7m | €0.8m | €0.7m | €0.9m | €0.7m | €0.6m | €0.5m | ▼ 10.4% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 20.0% |
| Tangible fixed assets22/27 | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.08m | ▼ 20.0% |
| Land and buildings22 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | €0.07m | ▼ 12.4% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.004m | €0.005m | €0.006m | €0.004m | ▼ 29.3% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.01m | €0.01m | €0.005m | ▼ 60.0% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.006m | €0.002m | €0.002m | €0.001m | ▼ 25.5% |
| Current assets29/58 | €1.1m | €0.6m | €0.6m | €0.5m | €0.8m | €0.6m | €0.5m | €0.5m | ▼ 8.4% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 20.9% |
| Stocks30/36 | - | - | - | €0.2m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 20.9% |
| Amounts receivable within one year40/41 | €0.6m | €0.3m | €0.4m | €0.2m | €0.6m | €0.4m | €0.3m | €0.2m | ▼ 31.6% |
| Trade receivables40 | - | - | - | €0.2m | €0.6m | €0.3m | €0.2m | €0.2m | ▼ 7.3% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.03m | €0.09m | €0.08m | €0.01m | ▼ 82.8% |
| Current investments50/53 | €357 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.4m | €0.07m | €0.03m | €0.08m | €0.06m | €0.04m | €0.08m | €0.1m | ▲ 90.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.007m | €0.004m | - | €0.006m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €0.7m | €0.8m | €0.7m | €0.9m | €0.7m | €0.6m | €0.5m | ▼ 10.4% |
| Equity10/15 | €0.2m | €0.2m | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 8.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 18.2% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | ▼ 18.2% |
| Profit (loss) carried forward14 | -€0.3m | -€0.4m | -€0.2m | -€0.1m | -€0.09m | -€0.07m | -€0.02m | €0.03m | - |
| Amounts payable17/49 | €1.0m | €0.5m | €0.4m | €0.2m | €0.5m | €0.2m | €0.05m | €0.03m | ▼ 33.2% |
| Amounts payable after more than one year17 | €0.05m | €0.04m | €0.03m | €0.02m | €0.01m | €0.003m | - | - | - |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0.003m | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €0.5m | €0.4m | €0.2m | €0.5m | €0.2m | €0.05m | €0.03m | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.009m | €0.009m | €0.01m | €0.003m | - | - |
| Financial debts43 | - | - | - | €0.08m | - | €0.05m | - | €0.005m | - |
| Credit institutions430/8 | - | - | - | €0.08m | - | €0.05m | - | €0.005m | - |
| Trade debts44 | €0.7m | €0.2m | €0.2m | €0.07m | €0.4m | €0.05m | €0.006m | €0.02m | ▲ 171% |
| Suppliers440/4 | - | - | - | €0.07m | €0.4m | €0.05m | €0.006m | €0.02m | ▲ 171% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.02m | €0.05m | €0.04m | €0.01m | ▼ 71.2% |
| Taxes450/3 | - | - | - | €0.01m | €0.02m | €0.05m | €0.04m | €0.01m | ▼ 71.2% |
| Remuneration and social security454/9 | - | - | - | €0.02m | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.03m | €0.02m | €0.06m | €8 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€171,554 | -€58,194 | €230,986 | €131,276 | €33,550 | €76,719 | €54,585 | €54,034 | ▼ 1.0% |
| + Depreciation and write-downs630 | €28,664 | €22,906 | €17,625 | €23,468 | €23,649 | €24,902 | €21,895 | €19,976 | ▼ 8.8% |
| Operating cash flow (approximation) | -€142,890 | -€35,288 | €248,610 | €154,744 | €57,198 | €101,620 | €76,480 | €74,009 | ▼ 3.2% |
| Investment in fixed assets (approximation) | - | -€1,567 | -€28,948 | -€12,306 | -€4,860 | -€3,353 | -€11,725 | €0 | - |
| Change in cash | - | -€288,801 | -€44,465 | €49,290 | -€17,332 | -€17,810 | €31,665 | €67,560 | ▲ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-08-2026 | 2026-00432943 |
| 31-12-2024 | abbreviated format | 26-09-2025 | 2025-00504758 |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00382838 |
| 31-12-2022 | abbreviated format | 27-09-2023 | 2023-00455455 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20362532 |
| 31-12-2020 | abbreviated format | 17-09-2021 | 2021-67400184 |
| 31-12-2019 | abbreviated format | 11-09-2020 | 2020-52300273 |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-23100420 |
| 31-12-2017 | abbreviated format | 06-06-2018 | 2018-15800556 |
| 31-12-2016 | abbreviated format | 21-06-2017 | 2017-18900568 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 2 entries · €384 awarded · €384 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €117 | €117 |
| 2022 | 1 | €267 | €267 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- Zeanco
- Codivex
Highest known parent: Zeanco. The sources do not say who stands above it.
Owners 1
- Zeancoparent99.5%
Sources: the companies' annual accounts, 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.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
03-11
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Director in office9 facts ▸
- General meeting, 23-10-2023
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening, beschikbaar maken” (deed in Dutch)
- Director in office, Zeanco (director)
- Amendment of the articles
- Other provision, “handtekening uittreksel, Voor ontledend uittreksel” (deed in Dutch)
- Other provision, “tegelijk neergelegd, uitgifte van de akte” (deed in Dutch)
- Other provision, “tegelijk neergelegd, lijst publicatiedata” (deed in Dutch)
- Other provision, “tegelijk neergelegd, gecoördineerde statuten” (deed in Dutch)
Show earlier events
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 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 26 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 |
|---|---|---|---|---|
| 13047A0198/00Y002 | Flanders | 1.4 ha | 1 · 7,609 m² | 9.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Vervaardiging van datumstempels,zegelstempels en numeroteurs,handetiketteermachines; Verstelbare handstempels en drukdozen,inktlinten voor…” (deed in Dutch)
45 activities (deed in Dutch)
- Vervaardiging van datumstempels,zegelstempels en numeroteurs,handetiketteermachines
- Verstelbare handstempels en drukdozen,inktlinten voor schrijfmachines en van stempelkussens
- Vervaardiging van optische instrumenten,apparaten en toestellen voor het meten en het controleren
- Vervaardiging van prisma’s,optische spiegels,kleurfilters,polarisatiefilters,enz.van glas of van andere materialen
- Vervaardiging van machines en werktuigen voor de drukkerij of voor de boekbinderij
- Vervaardiging van automatische gegevensverwerkende machines,inclusief microcomputers en tekstverwerkende machines:centrale verwerkingseenheden,interfaces,consoles,digitale machines,analoge machines
- Vervaardiging van randapparatuur:printers,terminals,enzovoorts,magnetische en optische lezers,machines voor het omzetten van gegevens in gecodeerde vorm op gegevensdragers
- Vervaardiging van overige elektrische benodigdheden
- Vervaardiging van elektrische signaal en alarmtoestellen
- Vervaardiging van elektrische signaalapparatuur,veiligheids,controle- en regelapparatuur voor verkeerswegen,spoor- en tramwegen,waterwegen,havens en vliegvelden
- Vervaardiging van elektrische apparatuur voor hoorbare of zichtbare signalen:bellen,sirenes,signaalborden,alarmapparatuur tegen diefstal of brand,enzovoorts
- Vervaardiging van elektromagnetisch materiaal voor industriële doeleinden
- Vervaardiging van elektromagneten,magnetische en elektromagnetische opspanplaten,gangwissels,remmen,koppelingen,werkstukhouders en lastmagneten
- Vervaardiging van overige elektrische benodigdheden
- Vervaardiging van machines,apparaten en werktuigen
- Vervaardiging van machines voor de productie en toepassing van mechanische energie,exclusief motoren voor luchtvaartuigen,motorvoertuigen en bromfietsen
- Vervaardiging van tandwielen,lagers en andere drijfwerkelementen
- Vervaardiging van rollagers,kogellagers en dergelijke lagers en van onderdelen daarvan
- Vervaardiging van mechanismen voor het overbrengen van kracht:drijfwerkassen,nokkenassen,krukassen enzovoorts,krukken:kussenblokken en lagerschalen
- Vervaardiging van getande overbrengingen,wrijvingswielen,tandwielkasten en andere overbrengingsmechanismen voor het opvoeren,vertragen of aanpassen van de snelheid
- Vervaardiging van koppelingen en koppelingsorganen
- Vervaardiging van vliegwielen en riemschijven(poules)
- Vervaardiging van kettingen van gelede schakels
- Vervaardiging van hydraulische overbrengingsmechanismen
- Vervaardiging van overige machines voor algemeen gebruik
- Vervaardiging van verpakkingsmachines
- Vervaardiging van machines voor het vullen,sluiten,verzegelen,capsuleren,etiketteren,enzovoorts
- Vervaardiging van verpakkingsinstallatie voorzien van een weeg of doseerinrichting
- Vervaardiging van drukinkt
- Groothandel in machines,apparaten en toebehoren
- Groothandel in overige machines en uitrusting voor industrieel gebruik
- Gespecialiseerde groothandel voor zover deze niet in één van de vorige categorieën is begrepen
- Groothandel in machines,apparaten en toebehoren
- Groothandel in overige kantoormachines en kantoorbenodigdheden
- Overige groothandel
- Overige reparaties
- Verhuur van overige machines en werktuigen
- Informatica en aanverwante activiteiten
- Activiteiten van systeemintegrators
- Advisering in verband met programmatuur en levering van programmatuur
- Realisatie van programma’s en gebruiksklare systemen
- Analyseren,ontwerpen,programmeren en eventueel uitgeven van gebruiksklare systemen,inclusief systemen van automatische dataidentificatie:ontwikkeling,productie,levering en samenstelling van documentatie
- Verlenen van bijstand bij de toepassing van programma’s
- Verlenen van advies met betrekking tot informaticaprogramma’s
- Etiketteren,zegelen en stempelen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Codivex
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, eenvoudige beslissing van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur bij gebreke bepaling geacht onbepaalde duur, een of meer personen” (deed in Dutch)“Twee bestuurders beiden akkoord voor geldig besluit, voorzitter of bij afwezigheid lid aangeduid bij gewone meerderheid” (deed in Dutch)“Bestuurder(s) of college bevoegd voor alle handelingen nodig of dienstig tot verwezenlijking voorwerp behoudens waarvoor volgens wet alleen…” (deed in Dutch)“Geboekt op algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering met absolute meerderheid of enige…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Kandidaat-overdrager en verzettende aandeelhouders ieder helft, geen beroep op rechter” (deed in Dutch)2 more provisions on this in the deed