Result
The result fell in 2025 from -€122,221 to -€326,914.
The result fell in 2025 from -€122,221 to -€326,914.
The micro format states no turnover.
Of this, €66,019 falls due within a year.
Green is investment, beige is depreciation.
Short-term debts rose from €47,904 to €66,019.
Lower net result than 95% of companies in office administrative support. Sector median €15,201 · 10,252 companies.
In July 2024, 758 companies had the same profile as CODON ONE has now. Each dot stands for 2 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 758 companies, not a prediction for CODON ONE. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CODON ONE Leuven | €1.1m | €215,101 | 4.6% | - |
| THV 98 Lendelede | €1.2m | €215,248 | 14.3% | - |
| LUNO Invest Lille | €0.9m | €214,353 | 22.9% | - |
| QConsult Aarschot | €0.9m | €275,162 | 77.9% | - |
| OM OFFICE PARK Zaventem | €0.8m | €236,926 | 10.3% | - |
| Witte Hoeve Keerbergen | €1.6m | €324,377 | 21.5% | - |
| Dokter Randy Beulque Tielt-Winge | €1.0m | €187,046 | 4.2% | - |
These companies have the same main activity as CODON ONE: other business support services (NACE 82990). They are comparable in size and age: total assets between €759,000 and €1.6m, founded between 2022 and 2023.
The annual accounts of CODON ONE for financial year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €50,865 and a net result of -€326,914.
Its solvency ranks better than 16% of 10,252 sector peers (NACE 82, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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 ≈ €320,000. Estimated: probably between €260,000 and €450,000.
Higher than 16% of 10,252 companies in 2025.
Higher than 89% of 9,835 companies in 2025.
Higher than 6% of 9,977 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
1.1m | 425,683 | |
21/28 |
516,310 | 266,968 | |
21 |
403,435 | 195,594 | |
22/27 |
112,875 | 71,374 | |
24 |
112,875 | 71,374 | |
29/58 |
601,305 | 158,714 | |
40/41 |
36,185 | 11,094 | |
41 |
36,185 | 11,094 | |
54/58 |
565,119 | 147,620 | |
| Balance sheet: equity and liabilities | |||
10/49 |
1.1m | 425,683 | |
10/15 |
50,865 | 377,779 | |
10/11 |
500,000 | 500,000 | |
14 |
-449,135 | -122,221 | |
17/49 |
1.1m | 47,904 | |
17 |
1.0m | - | |
178/9 |
1.0m | - | |
42/48 |
66,019 | 47,904 | |
44 |
20,960 | 1,161 | |
440/4 |
20,960 | 1,161 | |
45 |
45,059 | 46,743 | |
450/3 |
- | 144 | |
454/9 |
45,059 | 46,599 | |
492/3 |
730 | - | |
| Income statement | |||
9900 |
215,101 | 220,829 | |
62 |
384,626 | 288,595 | |
630 |
169,117 | 64,340 | |
640/8 |
400 | 772 | |
9901 |
-339,041 | -132,878 | |
75/76B |
- | 2 | |
75 |
- | 2 | |
65/66B |
134 | 49 | |
65 |
134 | 49 | |
9903 |
-339,175 | -132,925 | |
67/77 |
-12,261 | -10,704 | |
9904 |
-326,914 | -122,221 | |
9905 |
-326,914 | -122,221 | |
| Appropriation of the result | |||
9906 |
-449,135 | -122,221 | |
14P |
-122,221 | - | |
| Social balance sheet | |||
9087 |
4.2 | 3 | |
Hours worked1013 |
6,915 | 5,028 | |
| Document | |||
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 25-06-2026.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -169,924 | -68,538 | ||
| -157,797 | -57,881 | ||
| 418,458 | 331,309 | ||
| 417,499 | - | ||
| 535,285 | 110,811 | ||
| 4.6% | 88.7% | ||
| 9.11 | 3.31 | ||
| 20.97 | 0.13 | ||
| -642.7% | -32.4% | ||
| -29.3% | -28.7% | ||
| -1270.65 | -1411.70 |
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.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 7 | 5 |
| full-time | 4 | 2 |
| part-time | 3 | 3 |
| in full-time equivalents | 5.3 | 3.2 |
| 4.2 | 3 | |
| On a permanent contract | 6 | 4 |
| Joined | - | 5 |
| Left | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | €75,277 | €96,595 |
| Intangible fixed assets | €343,182 | €234,713 |
| €169,117 | €64,340 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €339,041, larger than the loss of €132,878 in 2024.
Debt's share of the balance-sheet total rises from 11.3% to 95.4%. Equity is lower and debt is higher.
CODON ONE has no parent and no holdings in its annual accounts. is the only director. CODON ONE shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Jules Vandenbemptlaan 79 registered office 3001 Leuven | 31-08-2023 | 2.349.534.493 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24434F0247/00L014 | 478 m² | 1 · 105 m² | 10.1 m · 2 |
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