CODO
ActiveSummary
CODO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252k and a net result of €96k. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 26% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▼-1
Solvency51=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 1.63 against 1.42 in 2024; short-term debt: 17.8% and cash: 26.8% of total assets), but 73.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
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
26.3%
Return on assets
10%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-09-2026, 49 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
49 d late
2024
3 d early
2023
33 d early
2022
28 d late
2021
114 d late
2020
30 d late
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€252k▲ 54.0%
2024 · €164k
2018: €32k
2019: €33k
2020: €37k
2021: €67k
2022: €90k
2023: €99k
2024: €164k
2018 → 2025
Total assets
€959k▲ 52.5%
2024 · €629k
2018: €413k
2019: €631k
2020: €641k
2021: €604k
2022: €635k
2023: €590k
2024: €629k
2018 → 2025
Net result
€96k▲ 45.3%
2024 · €66k
2018: €-10k
2019: €844
2020: €5k
2021: €29k
2022: €23k
2023: €9k
2024: €66k
2018 → 2025
Working capital
€108k▲ 75.6%
2024 · €61k
2018: €6k
2019: €4k
2020: €-15k
2021: €-7k
2022: €-5k
2023: €-11k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€90k▲ 35.3%€99k▲ 9.6%€164k▲ 66.0%€252k▲ 54.0%
Operating result€46k-€60k▲ 30.3%€50k▼ 16.6%€107k▲ 113%€147k▲ 37.3%
Net result€29k-€23k▼ 19.6%€9k▼ 63.2%€66k▲ 664%€96k▲ 45.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €959k
Fixed assets
€681k ▲ 60.8%
Current assets
€278k ▲ 35.3%
Equity and liabilities €959k
Equity
€252k ▲ 54.0%
Debt
€707k ▲ 51.9%
Debt's share of the balance-sheet total falls from 74.0% to 73.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€191k▲
2024 · €146k
Cash flow
€140k▲
2024 · €105k
Current ratio
1.63▲
2024 · 1.42
Debt to equity
2.80▼
2024 · 2.84
ROE
38.1%▼
2024 · 40.4%
ROA
10.0%▼
2024 · 10.5%
Interest coverage
16.16▲
2024 · 11.72
Debt ≤ 1 year
€170k▲
2024 · €144k
Debt > 1 year
€531k▲
2024 · €302k
Income taxes
€40k▲
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€629k€959k▲
Fixed assets21/28€423k€681k▲
Tangible fixed assets22/27€423k€681k▲
Land and buildings22€412k€669k▲
Plant, machinery and equipment23€11k€11k▲
Furniture and vehicles24€326€0▼
Current assets29/58€206k€278k▲
Amounts receivable within one year40/41€151k€19k▼
Trade receivables40€132k€19k▼
Other amounts receivable41€19k€0▼
Current investments50/53€250€250=
Cash at bank and in hand54/58€35k€257k▲
Deferred charges and accrued income490/1€19k€2k▼
Equity and liabilities
Total equity and liabilities10/49€629k€959k▲
Equity10/15€164k€252k▲
Contributions10/11€6k€6k=
Reserves13€158k€246k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€158k€246k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€465k€707k▲
Amounts payable after more than one year17€302k€531k▲
Financial debts170/4€302k€531k▲
Amounts payable within one year42/48€144k€170k▲
Current portion of amounts payable after more than one year42€45k€46k▲
Trade debts44€1k€9k▲
Suppliers440/4€1k€9k▲
Taxes, remuneration and social security45€31k€38k▲
Taxes450/3€31k€36k▲
Remuneration and social security454/9€0€2k▲
Other amounts payable47/48€68k€78k▲
Accrued charges and deferred income492/3€19k€5k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€44k▲
Other operating charges640/8€19k€6k▼
Gross operating margin9900€165k€197k▲
Operating profit (loss)9901€107k€147k▲
Financial income75/76B€9€1k▲
Recurring financial income75€9€1k▲
Financial charges65/66B€12k€12k▼
Recurring financial charges65€12k€12k▼
Profit (loss) for the period before taxes9903€94k€136k▲
Income taxes67/77€28k€40k▲
Profit (loss) for the period9904€66k€96k▲
Profit (loss) for the period to be appropriated9905€66k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€66k€96k▲
Transfer to equity691/2€65k€88k▲
To other reserves6921€65k€88k▲
Profit to be distributed694/7€1k€8k▲
Directors or managers695€1k€8k▲
The notes to these accounts (9 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
18-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 49 days late
2025
31-12
Financial
Highest result since 2018net €96k ▲45.3%
Operating result €147k, net result €96k, both a record.
31-12
Financial
Equity above €200kEq €252k ▲54%
7 profitable years in a row build equity to €252k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150kEq €164k ▲66%
6 profitable years in a row build equity to €164k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 114 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
31-12
Financial
Back to profitnet €844
Net result €844 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Boechout · 1 establishment unit since 2009
Ground area
799 m²
Building footprint
100 m²
Volume, LiDAR
716 m³
Parcel 11004D0291/00P002, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CODO
since 20092.177.470.351
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004D0291/00P002 | Flanders | 799 m² | 1 · 100 m² | 12.0 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.
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Of 2,143 companies in sector 71209 we hold annual accounts for 1,085. 789 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
43230Insulation installation
43320Joinery installation
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.