CODRIGIS
ActiveSummary
CODRIGIS has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €180k. Equity is shrinking by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency41▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 0.91 in 2024; short-term debt: 81.5% and cash: 22% of total assets), and 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16.5%
Return on assets
55%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 21%
← weakest
strongest →
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
1819202122232425
2018 to 2025 · latest year €54k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
1 d late
2023
43 d early
2022
11 d early
2021
122 d early
2020
40 d early
2019
77 d early
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€54k▲ 39.6%
2024 · €39k
2018: €127khighest in 8 years
2019: €79k▼ -38.2% vs 2018
2020: €79k● 0.0% vs 2019
2021: €79k● 0.0% vs 2020
2022: €48k▼ -38.6% vs 2021
2023: €43k▼ -10.9% vs 2022
2024: €39k▼ -10.1% vs 2023lowest in 8 years
2025: €54k▲ +39.6% vs 2024
2018 → 2025
Total assets
€328k▲ 12.4%
2024 · €292k
2018: €216klowest in 8 years
2019: €250k▲ +15.6% vs 2018
2020: €256k▲ +2.5% vs 2019
2021: €244k▼ -4.7% vs 2020
2022: €291k▲ +19.3% vs 2021
2023: €253k▼ -13.0% vs 2022
2024: €292k▲ +15.3% vs 2023
2025: €328k▲ +12.4% vs 2024highest in 8 years
2018 → 2025
Net result
€180k▲ 63.0%
2024 · €111k
2018: €51klowest in 8 years
2019: €51k▲ +0.8% vs 2018
2020: €72k▲ +40.5% vs 2019
2021: €99k▲ +36.9% vs 2020
2022: €120k▲ +21.1% vs 2021
2023: €115k▼ -4.1% vs 2022
2024: €111k▼ -3.6% vs 2023
2025: €180k▲ +63.0% vs 2024highest in 8 years
2018 → 2025
Working capital
€11k
2024 · €-23k
2018: €88khighest in 8 years
2019: €67k▼ -24.3% vs 2018
2020: €52k▼ -22.3% vs 2019
2021: €49k▼ -5.7% vs 2020
2022: €15k▼ -68.6% vs 2021
2023: €-12k▼ -182% vs 2022
2024: €-23k▼ -86.1% vs 2023lowest in 8 years
2025: €11k▲ +147% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€48k▼ 38.6%€43k▼ 10.9%€39k▼ 10.1%€54k▲ 39.6%
2021: €79khighest in 5 years
2022: €48k▼ -38.6% vs 2021
2023: €43k▼ -10.9% vs 2022
2024: €39k▼ -10.1% vs 2023lowest in 5 years
2025: €54k▲ +39.6% vs 2024
Operating result€132k-€158k▲ 20.2%€154k▼ 2.8%€148k▼ 3.7%€239k▲ 61.7%
2021: €132klowest in 5 years
2022: €158k▲ +20.2% vs 2021
2023: €154k▼ -2.8% vs 2022
2024: €148k▼ -3.7% vs 2023
2025: €239k▲ +61.7% vs 2024highest in 5 years
Net result€99k-€120k▲ 21.1%€115k▼ 4.1%€111k▼ 3.6%€180k▲ 63.0%
2021: €99klowest in 5 years
2022: €120k▲ +21.1% vs 2021
2023: €115k▼ -4.1% vs 2022
2024: €111k▼ -3.6% vs 2023
2025: €180k▲ +63.0% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €328k
Fixed assets
€50k ▼ 27.3%
Current assets
€278k ▲ 24.6%
Equity and liabilities €328k
Equity
€54k ▲ 39.6%
Debt
€274k ▲ 8.2%
Debt's share of the balance-sheet total falls from 86.7% to 83.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€260k▲
2024 · €173k
Cash flow
€201k▲
2024 · €136k
Current ratio
1.04▲
2024 · 0.91
Debt to equity
5.07▼
2024 · 6.54
ROE
333.7%▲
2024 · 285.8%
ROA
55.0%▲
2024 · 37.9%
Interest coverage
555.45▲
2024 · 217.26
Debt ≤ 1 year
€267k▲
2024 · €247k
Debt > 1 year
€0▼
2024 · €2k
Income taxes
€59k▲
2024 · €37k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€292k€328k▲
Fixed assets21/28€69k€50k▼
Tangible fixed assets22/27€69k€50k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€42k€28k▼
Other tangible fixed assets26€25k€20k▼
Current assets29/58€223k€278k▲
Amounts receivable within one year40/41€31k€202k▲
Trade receivables40€28k€167k▲
Other amounts receivable41€3k€35k▲
Cash at bank and in hand54/58€190k€72k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€292k€328k▲
Equity10/15€39k€54k▲
Contributions10/11€19k€19k=
Reserves13€20k€35k▲
Distributable reserves133€20k€35k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€253k€274k▲
Amounts payable after more than one year17€2k€0▼
Financial debts170/4€2k€0▼
Amounts payable within one year42/48€247k€267k▲
Current portion of amounts payable after more than one year42€20k€2k▼
Trade debts44€13k€35k▲
Suppliers440/4€13k€35k▲
Taxes, remuneration and social security45€10k€30k▲
Taxes450/3€7k€27k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€203k€202k▼
Accrued charges and deferred income492/3€5k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€20k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€359€0▼
Gross operating margin9900€175k€262k▲
Operating profit (loss)9901€148k€239k▲
Financial income75/76B€0€95▲
Recurring financial income75€0€95▲
Financial charges65/66B€796€468▼
Recurring financial charges65€796€468▼
Profit (loss) for the period before taxes9903€147k€239k▲
Income taxes67/77€37k€59k▲
Profit (loss) for the period9904€111k€180k▲
Profit (loss) for the period to be appropriated9905€111k€180k▲
Appropriation of the result
Profit (loss) to be appropriated9906€111k€180k▲
Transfer from equity791/2€24k€20k▼
Transfer to equity691/2€20k€35k▲
To other reserves6921€20k€35k▲
Profit to be distributed694/7€115k€165k▲
Return on contributions (dividend)694€115k€165k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €27k | €25k | €20k | ▼ 18.7% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 2.2% |
| Non-recurring operating charges66A | - | - | - | €359 | €0 | ▼ 100% |
| Gross operating margin9900 | €146k | €173k | €183k | €175k | €262k | ▲ 49.2% |
| Operating profit (loss)9901 | €132k | €158k | €154k | €148k | €239k | ▲ 61.7% |
| Financial income75/76B | - | €84 | €210 | €0 | €95 | - |
| Recurring financial income75 | €0 | €84 | €210 | €0 | €95 | - |
| Financial charges65/66B | - | €1k | €1k | €796 | €468 | ▼ 41.3% |
| Recurring financial charges65 | €3k | €1k | €1k | €796 | €468 | ▼ 41.3% |
| Profit (loss) for the period before taxes9903 | €129k | €157k | €153k | €147k | €239k | ▲ 62.3% |
| Income taxes67/77 | €30k | €38k | €38k | €37k | €59k | ▲ 60.1% |
| Profit (loss) for the period9904 | €99k | €120k | €115k | €111k | €180k | ▲ 63.0% |
| Profit (loss) for the period to be appropriated9905 | €99k | €120k | €115k | €111k | €180k | ▲ 63.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €244k | €291k | €253k | €292k | €328k | ▲ 12.4% |
| Fixed assets21/28 | €51k | €43k | €82k | €69k | €50k | ▼ 27.3% |
| Tangible fixed assets22/27 | €51k | €43k | €82k | €69k | €50k | ▼ 27.3% |
| Plant, machinery and equipment23 | - | €2k | €2k | €2k | €1k | ▼ 12.5% |
| Furniture and vehicles24 | - | €6k | €57k | €42k | €28k | ▼ 33.8% |
| Other tangible fixed assets26 | - | €35k | €23k | €25k | €20k | ▼ 17.1% |
| Current assets29/58 | €193k | €248k | €171k | €223k | €278k | ▲ 24.6% |
| Stocks and contracts in progress3 | €2k | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €35k | €30k | €58k | €31k | €202k | ▲ 547% |
| Trade receivables40 | - | €28k | €56k | €28k | €167k | ▲ 500% |
| Other amounts receivable41 | - | €2k | €2k | €3k | €35k | ▲ 946% |
| Cash at bank and in hand54/58 | €156k | €216k | €110k | €190k | €72k | ▼ 62.1% |
| Deferred charges and accrued income490/1 | - | €990 | €3k | €2k | €4k | ▲ 127% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €244k | €291k | €253k | €292k | €328k | ▲ 12.4% |
| Equity10/15 | €79k | €48k | €43k | €39k | €54k | ▲ 39.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €60k | €30k | €24k | €20k | €35k | ▲ 76.3% |
| Non-distributable reserves130/1 | - | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €0 | - | - | - |
| Distributable reserves133 | - | €28k | €24k | €20k | €35k | ▲ 76.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €165k | €243k | €210k | €253k | €274k | ▲ 8.2% |
| Amounts payable after more than one year17 | €17k | €6k | €22k | €2k | €0 | ▼ 100% |
| Financial debts170/4 | - | €6k | €22k | €2k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €144k | €232k | €184k | €247k | €267k | ▲ 8.4% |
| Current portion of amounts payable after more than one year42 | - | €11k | €27k | €20k | €2k | ▼ 91.7% |
| Trade debts44 | €1k | €8k | €9k | €13k | €35k | ▲ 157% |
| Suppliers440/4 | - | €8k | €9k | €13k | €35k | ▲ 157% |
| Taxes, remuneration and social security45 | - | €14k | €15k | €10k | €30k | ▲ 203% |
| Taxes450/3 | - | €12k | €13k | €7k | €27k | ▲ 268% |
| Remuneration and social security454/9 | - | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | €199k | €132k | €203k | €202k | ▼ 0.7% |
| Accrued charges and deferred income492/3 | - | €4k | €4k | €5k | €7k | ▲ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €99k | €120k | €115k | €111k | €180k | ▲ 63.0% |
| + Depreciation and write-downs630 | €13k | €13k | €27k | €25k | €20k | ▼ 18.7% |
| Operating cash flow (approximation) | €112k | €133k | €142k | €136k | €201k | ▲ 48.0% |
| Investment in fixed assets (approximation) | - | €-6k | €-66k | €-11k | €-2k | ▲ 86.8% |
| Change in cash | - | €60k | €-106k | €80k | €-118k | ▼ 247% |
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
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €180k ▲63%
Operating result €239k, net result €180k, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Zwevegem · 1 establishment unit since 2015
Ground area
3,325 m²
Building footprint
239 m²
Volume, LiDAR
1,051 m³
Parcel 34042D0464/00X000, Flanders · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CODRIGIS
since 20152.248.117.926
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042D0464/00X000 | Flanders | 3,325 m² | 1 · 239 m² | 7.6 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.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,483 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
Founded22-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.