CODRICO
Absorbed by BROUWERIJ HAACHTFinancials · financial year 2024, full format
2024 annual accounts filed 19 days after the deadline Filed on 19 August 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00386830.
Annual accounts 2024 filed on 19-08-2025 PDF all 39 filings
Turnover
€3,261▼ 97.8%
2023 · €149,304
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€27,974
2023 · €36,901
Working capital
€7,507
2023 · -€14,579
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
€3,261
▼ 97.8%
2024
20182024
Operating result
-€33,766
2024
20182024
Net result
-€27,974
2024
20182024
Equity
€111,631
▼ 20.0%
2024
20182024
Total assets
€134,538
▼ 32.5%
2024
20182024
Debt
€18,727
▼ 68.6%
2024
20182024
Working capital
€7,507
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€127,092-€154,672▲ 21.7%€89,147▼ 42.4%€91,817▲ 3.0%€121,553▲ 32.4%€149,304▲ 22.8%€3,261▼ 97.8%
Operating result€39,264-€27,137▼ 30.9%€13,627▼ 49.8%€38,172▲ 180%€30,263▼ 20.7%€43,675▲ 44.3%-€33,766
Net result€28,306-€18,681▼ 34.0%€11,018▼ 41.0%€28,244▲ 156%€23,143▼ 18.1%€36,901▲ 59.4%-€27,974
Equity€140,618-€140,799▲ 0.1%€139,067▼ 1.2%€139,311▲ 0.2%€139,454▲ 0.1%€139,605▲ 0.1%€111,631▼ 20.0%
Total assets€179,645-€171,401▼ 4.6%€169,987▼ 0.8%€191,453▲ 12.6%€186,452▼ 2.6%€199,286▲ 6.9%€134,538▼ 32.5%
Debt€39,027-€30,602▼ 21.6%€30,920▲ 1.0%€52,142▲ 68.6%€46,998▼ 9.9%€59,681▲ 27.0%€18,727▼ 68.6%
Working capital€17,054-€23,191▲ 36.0%-€9,887-€18,132▼ 83.4%€2,912-€14,579€7,507
The operating result for 2024 is a loss of €33,766, after a profit of €43,675 in 2023. It is the lowest result since 2018.
Large changes and their cause
- 2024 Turnover -98% on 2023. Last accounts before the absorption by BROUWERIJ HAACHT (effective 01-11-2025).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €134,538
Fixed assets
€123,726 ▼ 19.8%
Current assets
€10,812 ▼ 76.0%
Equity and liabilities €134,538
Equity
€111,631 ▼ 20.0%
Provisions
€4,180
Debt
€18,727 ▼ 68.6%
Debt's share of the balance-sheet total falls from 29.9% to 13.9%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.27▲
2023 · 0.76
Debt to equity
0.17▼
2023 · 0.43
ROE
-25.1%▼
2023 · 26.4%
ROA
-20.8%▼
2023 · 18.5%
Debt ≤ 1 year
€3,305▼
2023 · €59,681
Income taxes
€95▼
2023 · €13,384
Customer credit
69 days▲
2023 · 8 days
Supplier credit
64 days▲
2023 · 4 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Revenue breakdown
By activity 2024
- Drankverkopen €3,261100.0%
Source: 2024 accounts, page 17, filing 2025-00386830
By geographic market 2020
- België €89,147100.0%
Source: 2020 accounts, page 16, filing 2021-28500468
Auditor
The auditor is Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises.
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fee for the audit | €2,230 | €2,515 | €2,640 | €2,750 |
Source: notes to the 2021 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €95,586 | €127,808 | €155,303 | €3,261 | ▼ 97.9% |
| Turnover70 | €127,092 | €154,672 | €89,147 | €91,817 | €121,553 | €149,304 | €3,261 | ▼ 97.8% |
| Other operating income74 | - | - | - | €3,769 | €6,255 | €5,999 | - | - |
| Operating charges60/66A | - | - | - | €57,414 | €97,545 | €111,628 | €37,027 | ▼ 66.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €39,510 | €69,375 | €87,454 | - | - |
| Purchases600/8 | - | - | - | €39,510 | €69,375 | €87,454 | - | - |
| Services and other goods61 | - | - | - | €17,497 | €27,444 | €22,983 | €18,514 | ▼ 19.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | -€2,779 | - | €12,707 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €4,180 | - |
| Other operating charges640/8 | - | - | - | €407 | €3,505 | €1,191 | €1,626 | ▲ 36.5% |
| Operating profit (loss)9901 | €39,264 | €27,137 | €13,627 | €38,172 | €30,263 | €43,675 | -€33,766 | - |
| Financial income75/76B | - | - | - | €1,486 | €2,556 | €8,111 | €7,599 | ▼ 6.3% |
| Recurring financial income75 | €1,775 | €1,656 | €1,438 | €1,486 | €2,556 | €8,111 | €7,599 | ▼ 6.3% |
| Income from financial fixed assets750 | - | - | - | €1,486 | €2,556 | €8,108 | €7,599 | ▼ 6.3% |
| Other financial income752/9 | - | - | - | - | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €1,231 | €1,234 | €1,501 | €1,712 | ▲ 14.1% |
| Recurring financial charges65 | €843 | €872 | €900 | €1,231 | €1,234 | €1,501 | €1,712 | ▲ 14.1% |
| Debt charges650 | - | - | - | - | - | - | €733 | - |
| Other financial charges652/9 | - | - | - | €1,231 | €1,234 | €1,501 | €979 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | €40,196 | €27,921 | €14,165 | €38,427 | €31,585 | €50,285 | -€27,879 | - |
| Income taxes67/77 | €11,890 | €9,240 | €3,147 | €10,183 | €8,442 | €13,384 | €95 | ▼ 99.3% |
| Taxes670/3 | - | - | - | €10,183 | €8,442 | €13,384 | €95 | ▼ 99.3% |
| Profit (loss) for the period9904 | €28,306 | €18,681 | €11,018 | €28,244 | €23,143 | €36,901 | -€27,974 | - |
| Profit (loss) for the period to be appropriated9905 | €28,306 | €18,681 | €11,018 | €28,244 | €23,143 | €36,901 | -€27,974 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €179,645 | €171,401 | €169,987 | €191,453 | €186,452 | €199,286 | €134,538 | ▼ 32.5% |
| Fixed assets21/28 | €123,564 | €117,608 | €148,954 | €157,443 | €136,593 | €154,184 | €123,726 | ▼ 19.8% |
| Financial fixed assets28 | €123,564 | €117,608 | €148,954 | €157,443 | €136,593 | €154,184 | €123,726 | ▼ 19.8% |
| Affiliated companies280/1 | - | - | - | €156,997 | €136,593 | €154,184 | €123,726 | ▼ 19.8% |
| Amounts receivable281 | - | - | - | €156,997 | €136,593 | €154,184 | €123,726 | ▼ 19.8% |
| Other financial fixed assets284/8 | - | - | - | €446 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | €446 | - | - | - | - |
| Current assets29/58 | €56,081 | €53,793 | €21,033 | €34,010 | €49,859 | €45,102 | €10,812 | ▼ 76.0% |
| Amounts receivable within one year40/41 | €54,701 | €52,663 | €20,445 | €33,896 | €41,083 | €18,519 | €617 | ▼ 96.7% |
| Trade receivables40 | - | - | - | €16,140 | €22,139 | €3,276 | - | - |
| Other amounts receivable41 | - | - | - | €17,756 | €18,944 | €15,243 | €617 | ▼ 96.0% |
| Cash at bank and in hand54/58 | €1,380 | €1,130 | €588 | €114 | €8,776 | €26,583 | €2,596 | ▼ 90.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €7,599 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €179,645 | €171,401 | €169,987 | €191,453 | €186,452 | €199,286 | €134,538 | ▼ 32.5% |
| Equity10/15 | €140,618 | €140,799 | €139,067 | €139,311 | €139,454 | €139,605 | €111,631 | ▼ 20.0% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | - | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | - | - | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Non-distributable reserves130/1 | - | - | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Legal reserve130 | - | - | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Profit (loss) carried forward14 | €3,118 | €3,299 | €1,567 | €1,811 | €1,954 | €2,105 | -€25,869 | - |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €4,180 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €4,180 | - |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €4,180 | - |
| Amounts payable17/49 | €39,027 | €30,602 | €30,920 | €52,142 | €46,998 | €59,681 | €18,727 | ▼ 68.6% |
| Amounts payable within one year42/48 | €39,027 | €30,602 | €30,920 | €52,142 | €46,947 | €59,681 | €3,305 | ▼ 94.5% |
| Trade debts44 | €10,695 | €12,069 | €14,355 | €13,924 | €15,540 | €1,135 | €3,261 | ▲ 187% |
| Suppliers440/4 | - | - | - | €13,924 | €15,540 | €1,135 | €3,261 | ▲ 187% |
| Taxes, remuneration and social security45 | - | - | - | €10,189 | €8,376 | €21,761 | €44 | ▼ 99.8% |
| Taxes450/3 | - | - | - | €10,183 | €8,370 | €21,755 | €6 | ▼ 100.0% |
| Remuneration and social security454/9 | - | - | - | €6 | €6 | €6 | €38 | ▲ 533% |
| Other amounts payable47/48 | - | - | - | €28,029 | €23,031 | €36,785 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €51 | - | €15,422 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,306 | €18,681 | €11,018 | €28,244 | €23,143 | €36,901 | -€27,974 | - |
| Operating cash flow (approximation) | €28,306 | €18,681 | €11,018 | €28,244 | €23,143 | €36,901 | -€27,974 | - |
| Investment in fixed assets (approximation) | - | €5,956 | -€31,346 | -€8,489 | €20,850 | -€17,591 | €30,458 | - |
| Change in cash | - | -€250 | -€542 | -€474 | €8,662 | €17,807 | -€23,987 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 19-08-2025 | 2025-00386830 | |
| 31-12-2023 | full format | 21-06-2024 | 2024-00166347 | |
| 31-12-2022 | full format | 04-08-2023 | 2023-00316987 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20383576 | |
| 31-12-2020 | full format | 30-06-2021 | 2021-28500468 | |
| 31-12-2019 | full format | 30-08-2020 | 2020-47700099 | |
| 31-12-2018 | full format | 11-07-2019 | 2019-31900532 | |
| 31-12-2017 | full format | 05-07-2018 | 2018-29500249 | |
| 31-12-2016 | full format | 04-07-2017 | 2017-27200122 | |
| 31-12-2015 | full format | 17-10-2016 | 2016-65700390 |