CODOS
ActiveSummary
CODOS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €415,415 and a net result of €72,735. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 87% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-1
Solvency100▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 13.9 against 3.76 in 2024; short-term debt: 6.5% and cash: 5.6% of total assets), and 10.7% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
89.3%
Return on assets
15.6%
Age of the figures
18 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €415,415
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
26 d late
2023
on the day
2022
30 d late
2021
2 d early
2020
31 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close26-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€415,415▲ 21.2%
2024 · €342,681
Total assets
€465,201▼ 3.5%
2024 · €482,141
Net result
€72,735▼ 5.8%
2024 · €77,188
Working capital
€387,671▲ 25.8%
2024 · €308,198
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,204▼ 27.3%€79,267▲ 46.2%€70,788▼ 10.7%€106,329▲ 50.2%€94,314▼ 11.3%
Net result€39,254▼ 28.0%€57,252▲ 45.9%€51,010▼ 10.9%€77,188▲ 51.3%€72,735▼ 5.8%
Equity€473,226▲ 9.0%€298,677▼ 36.9%€349,687▲ 17.1%€342,681▼ 2.0%€415,415▲ 21.2%
Total assets€495,387▲ 9.5%€326,252▼ 34.1%€369,210▲ 13.2%€482,141▲ 30.6%€465,201▼ 3.5%
Debt€22,162▲ 19.7%€27,575▲ 24.4%€19,523▼ 29.2%€139,460▲ 614%€49,786▼ 64.3%
Working capital€466,260▲ 9.9%€293,190▼ 37.1%€335,902▲ 14.6%€308,198▼ 8.2%€387,671▲ 25.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €465,201
Fixed assets
€47,488 ▼ 23.5%
Current assets
€417,713 ▼ 0.6%
Equity and liabilities €465,201
Equity
€415,415 ▲ 21.2%
Debt
€49,786 ▼ 64.3%
Debt's share of the balance-sheet total falls from 28.9% to 10.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109,531▼
2024 · €119,113
Cash flow
€87,952▼
2024 · €89,972
Current ratio
13.90▲
2024 · 3.76
Debt to equity
0.12▼
2024 · 0.41
ROE
17.5%▼
2024 · 22.5%
ROA
15.6%▼
2024 · 16.0%
Interest coverage
44.53▼
2024 · 50.43
Debt ≤ 1 year
€30,042▼
2024 · €111,846
Debt > 1 year
€19,744▼
2024 · €27,614
Income taxes
€27,033▼
2024 · €30,016
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €12,923 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,606 | €3,852 | €10,711 | €12,784 | €15,217 | ▲ 19.0% |
| Other operating charges640/8 | - | €480 | €598 | €461 | €409 | ▼ 11.2% |
| Gross operating margin9900 | €58,375 | €83,599 | €82,096 | €119,573 | €109,940 | ▼ 8.1% |
| Operating profit (loss)9901 | €54,204 | €79,267 | €70,788 | €106,329 | €94,314 | ▼ 11.3% |
| Financial income75/76B | - | €2,319 | €1,061 | €3,237 | €7,914 | ▲ 144% |
| Recurring financial income75 | €2,152 | €2,319 | €1,061 | €3,237 | €7,914 | ▲ 144% |
| Financial charges65/66B | - | €1,406 | €755 | €2,362 | €2,460 | ▲ 4.1% |
| Recurring financial charges65 | €1,269 | €1,406 | €755 | €2,362 | €2,460 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €55,087 | €80,180 | €71,094 | €107,204 | €99,768 | ▼ 6.9% |
| Income taxes67/77 | €15,834 | €22,928 | €20,084 | €30,016 | €27,033 | ▼ 9.9% |
| Profit (loss) for the period9904 | €39,254 | €57,252 | €51,010 | €77,188 | €72,735 | ▼ 5.8% |
| Profit (loss) for the period to be appropriated9905 | €39,254 | €57,252 | €51,010 | €77,188 | €72,735 | ▼ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495,387 | €326,252 | €369,210 | €482,141 | €465,201 | ▼ 3.5% |
| Fixed assets21/28 | €6,966 | €5,486 | €13,785 | €62,097 | €47,488 | ▼ 23.5% |
| Tangible fixed assets22/27 | €6,966 | €5,486 | €13,785 | €62,097 | €47,488 | ▼ 23.5% |
| Plant, machinery and equipment23 | - | €2,827 | €1,820 | €669 | €772 | ▲ 15.4% |
| Furniture and vehicles24 | - | - | €7,892 | €56,805 | €43,420 | ▼ 23.6% |
| Other tangible fixed assets26 | - | €2,659 | €4,074 | €4,623 | €3,296 | ▼ 28.7% |
| Current assets29/58 | €488,421 | €320,765 | €355,425 | €420,044 | €417,713 | ▼ 0.6% |
| Amounts receivable within one year40/41 | - | €28,513 | €12,215 | €29,309 | €29,860 | ▲ 1.9% |
| Trade receivables40 | - | €28,513 | €12,146 | €29,308 | €26,945 | ▼ 8.1% |
| Other amounts receivable41 | - | - | €69 | €1 | €2,915 | ▲ 455,428% |
| Current investments50/53 | €352,855 | €223,801 | €305,140 | €337,445 | €343,797 | ▲ 1.9% |
| Cash at bank and in hand54/58 | €111,927 | €44,049 | €35,433 | €35,386 | €26,021 | ▼ 26.5% |
| Deferred charges and accrued income490/1 | - | €24,401 | €2,637 | €17,905 | €18,035 | ▲ 0.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495,387 | €326,252 | €369,210 | €482,141 | €465,201 | ▼ 3.5% |
| Equity10/15 | €473,226 | €298,677 | €349,687 | €342,681 | €415,415 | ▲ 21.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €467,026 | €292,477 | €343,487 | €336,481 | €409,215 | ▲ 21.6% |
| Non-distributable reserves130/1 | - | €7,658 | €7,658 | - | - | - |
| Reserves not available under the articles1311 | - | €7,658 | €7,658 | - | - | - |
| Distributable reserves133 | - | €284,819 | €335,829 | €336,481 | €409,215 | ▲ 21.6% |
| Amounts payable17/49 | €22,162 | €27,575 | €19,523 | €139,460 | €49,786 | ▼ 64.3% |
| Amounts payable after more than one year17 | - | - | - | €27,614 | €19,744 | ▼ 28.5% |
| Financial debts170/4 | - | - | - | €27,614 | €19,744 | ▼ 28.5% |
| Amounts payable within one year42/48 | €22,162 | €27,575 | €19,523 | €111,846 | €30,042 | ▼ 73.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €7,538 | €7,871 | ▲ 4.4% |
| Financial debts43 | - | €5,019 | €5,534 | €5,370 | €6,280 | ▲ 16.9% |
| Credit institutions430/8 | - | €5,019 | €5,534 | €5,370 | €6,280 | ▲ 16.9% |
| Trade debts44 | €3,635 | €4,382 | €3,750 | €19,885 | €4,948 | ▼ 75.1% |
| Suppliers440/4 | - | €4,382 | €3,750 | €19,885 | €4,948 | ▼ 75.1% |
| Taxes, remuneration and social security45 | - | €16,089 | €7,329 | €16,129 | €10,943 | ▼ 32.2% |
| Taxes450/3 | - | €16,089 | €7,329 | €16,129 | €10,943 | ▼ 32.2% |
| Other amounts payable47/48 | - | €2,084 | €2,910 | €62,923 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,254 | €57,252 | €51,010 | €77,188 | €72,735 | ▼ 5.8% |
| + Depreciation and write-downs630 | €3,606 | €3,852 | €10,711 | €12,784 | €15,217 | ▲ 19.0% |
| Operating cash flow (approximation) | €42,859 | €61,104 | €61,722 | €89,972 | €87,952 | ▼ 2.2% |
| Investment in fixed assets (approximation) | - | -€2,372 | -€19,010 | -€61,095 | -€608 | ▲ 99.0% |
| Change in cash | - | -€67,877 | -€8,617 | -€47 | -€9,365 | ▼ 19,864% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity quadruplescurrent ratio 13.90
Current ratio from 3.76 to 13.90; short-term debt falls from €111,846 to €30,042.
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
31-03
Financial
Highest result since 2019net €77,188 ▲51.3%
Operating result €106,329, net result €77,188, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet €39,254 ▼28%
Net result drops to €39,254, the lowest in the series; recovery starts the following year.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-09
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.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Keerbergen · 1 establishment unit since 2011
Ground area
1,594 m²
Building footprint
180 m²
Volume, LiDAR
763 m³
Parcel 24048D0289/00R000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mosvennedreef 25, 3140 Keerbergen
since 20112.196.651.112
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24048D0289/00R000 | Flanders | 1,594 m² | 1 · 180 m² | 5.7 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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 · 1 entry · 209 EUR awarded · 209 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 209 EUR | 209 EUR |
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-2011
Fiscal year end31-03
Activities, NACEBEL 2025
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.