Codo Consulting
ActiveSummary
Codo Consulting has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,112 and a net result of €46,612. Its solvency ranks better than 65% of 21,148 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 11-10-2024 Normal situation
- Activity
- Computer consultancy and computer facilities management NACE 62200
- Establishment unit
- 2.365.333.419 2360 Oud-Turnhout, since 11-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €63,640
- Turnover
- ≈ €120,000
- estimated
- Profit
- €46,612
- Equity
- €49,112
- Total assets
- €67,479
Score breakdownraises riskFounded in 2024lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.32, cash €13,891Size: total assets €67,479Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 66% of them on solvency, 49% on liquidity and 82% on profitability.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €46,599 |
| Depreciation and write-downs of the year | €2,348 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as Codo Consulting: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €63,900 and €73,100, founded in 2024.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| Codo Consulting Oud-Turnhout | 2024 | €67,479 | €49,112 | €63,640 | €46,612 | 2025 |
| GARO TOMBAZIAN ENGINEERING DESIGN Kapellen | 2024 | €68,839 | €62,897 | €60,059 | €46,937 | 2025 |
| JKB Consulting Antwerpen | 2024 | €69,677 | €55,439 | €59,977 | €45,222 | 2025 |
| Distinct Grey Antwerpen | 2024 | €63,892 | €55,104 | €64,814 | €50,104 | 2025 |
| VDVM Herenthout | 2024 | €70,091 | €44,462 | €60,668 | €46,291 | 2025 |
| Partners In Cloud Mechelen | 2024 | €73,107 | €50,560 | €62,971 | €50,098 | 2025 |
| WIBETIC Mechelen | 2024 | €70,136 | €61,823 | €58,479 | €46,265 | 2025 |
They were chosen from the 18,968 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as Codo Consulting has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of Codo Consulting itself is lower: 0.1% within 12 months. It rests on far more data about Codo Consulting than the profile alone.
Test of the method
The method was tested on the 497,445 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for Codo Consulting. 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,348 |
| Other operating charges640/8 | €170 |
| Gross operating margin9900 | €63,640 |
| Operating profit (loss)9901 | €61,122 |
| Financial income75/76B | €4 |
| Recurring financial income75 | €4 |
| Financial charges65/66B | €1,791 |
| Recurring financial charges65 | €1,791 |
| Profit (loss) for the period before taxes9903 | €59,335 |
| Income taxes67/77 | €12,723 |
| Profit (loss) for the period9904 | €46,612 |
| Profit (loss) for the period to be appropriated9905 | €46,612 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €67,479 | |
| Fixed assets21/28 | €44,251 | |
| Tangible fixed assets22/27 | €44,251 | |
| Plant, machinery and equipment23 | €2,329 | |
| Furniture and vehicles24 | €41,922 | |
| Current assets29/58 | €23,228 | |
| Amounts receivable within one year40/41 | €7,417 | |
| Trade receivables40 | €5,599 | |
| Other amounts receivable41 | €1,818 | |
| Cash at bank and in hand54/58 | €13,891 | |
| Deferred charges and accrued income490/1 | €1,921 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €67,479 | |
| Equity10/15 | €49,112 | |
| Contributions10/11 | €2,500 | |
| Reserves13 | €46,612 | |
| Distributable reserves133 | €46,612 | |
| Amounts payable17/49 | €18,367 | |
| Amounts payable within one year42/48 | €17,585 | |
| Trade debts44 | €934 | |
| Suppliers440/4 | €934 | |
| Taxes, remuneration and social security45 | €16,651 | |
| Taxes450/3 | €14,071 | |
| Remuneration and social security454/9 | €2,580 | |
| Accrued charges and deferred income492/3 | €782 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €46,612 |
| + Depreciation and write-downs630 | €2,348 |
| Operating cash flow (approximation) | €48,960 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00311304 | NBB |
Board & ownership
Directors
Owners and capital
Shareholders
- BAATEN, Hannes 100 shares (100%) · €2,500
Capital transactions
- 15-10-2024 Incorporation · €2,500 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Niet-statutaire bestuurders herroepbaar ad nutum bij besluit algemene vergadering, kan vertrekvergoeding toekennen”
Articles of association, deed of 15-10-2024 (in Dutch)
Network & group
Codo Consulting shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Codo Consulting. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
15-10
Gazette deed
IncorporationStarting capital €2,500 · Appointment: BAATEN, Hannes (director) · Founder4 points ▸
- Incorporation, “Codo Consulting” (deed in Dutch)
- Founder, BAATEN, Hannes
- Founding capital, €2,500
- Director appointment, BAATEN, Hannes (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- Het leveren van It-consultancydiensten, trainingen en workshops.
- De analyse, het ontwerpen, programmeren, testen, opleveren en onderhouden van computersoftware.
- Het opzetten en onderhouden van ondersteunende software zoals databases, build machines, online cloud toepassingen, enzovoort, die gebruikt worden in het software ontwikkelingsproces.
- Het maken van digitale content zoals afbeeldingen en video’s.
- Daartoe mag de vennootschap, voor eigen rekening of voor rekening van derden, alle roerende en onroerende, commerciële of financiële handelingen stellen, die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk met het voorwerp van de vennootschap verband houden of de verwezenlijking van dit voorwerp kunnen bevorderen, zowel in België als in het buitenland.
- De vennootschap zal derhalve bevoegd zijn alle handelingen te stellen die daartoe noodzakelijk, nuttig of zelfs alleen bevorderlijk zijn.
- De vennootschap mag deelnemen aan de bedrijvigheid van andere vennootschappen met hetzelfde, gelijkaardig of aanverwant voorwerp en dit door inbreng, versmelting of hoe dan ook.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin.
- Onderneming in onroerende goederen.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren.
- De vennootschap heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
- Zij kan belangen nemen door associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen met een identiek, gelijklopend of samenhangend voorwerp met het hare, of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen.
- De verwerving voor eigen rekening van participaties, titels, rechten of roerende waarden, onder welke vorm het ook zij, naar aanleiding van de oprichting, ontwikkeling, omvorming en controle van om het even welke ondernemingen, Belgische of buitenlandse, commerciële, industriële of andere vennootschappen.
- Zij mag haar onroerende goederen in hypotheek stellen en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen en mag borg of aval verlenen voor alle leningen, kredietopeningen en alle andere verbintenissen, voor haarzelf en zelfs voor alle derden op voorwaarde dat zij er zelf belang bij heeft.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13482F1047/00L000 | Flanders | 418 m² | 1 · 92 m² | - |