Equity
€259,970 ▲ 2.3%
CODRIGO paid out €103,000 in dividends. That is 95% of the 2022 profit.
CODRIGO
Overview
Lifetime
3 annual accounts with figures on one time axispeak €2.2m (2022)
€2.2m▲ 72.1%
peak €124,455 (2021)
€108,810▼ 12.6%
peak €259,970 (2022)
€259,970▲ 2.3%
€461,324▲ 37.0%
peak 13.6 FTE (2022)
13.6 FTE▲ 56.3%
Board5 names since 2019
-
Owners3 names in the annual accounts
100%The Value Hub and 1 other
Documentsfilings and deeds
03-08-20233 days late
2022abbreviated format
Turnover from €1.3m to €2.2mGross margin from €704,006 to €1.2mStaff from 8.7 FTE to 13.6 FTEMerger proposal: to be absorbed by THE VALUE HUB 25-112 directors appointed 15-06Dividend €103,000
Key points
from the 2022 annual accounts, the last ones filedTurnover
€2.2m ▲ 72.1%
Turnover rose in 2022 from €1.3m to €2.2m.
Investments
€28,252 2.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 66.0% higher than in 2021.
Staff
16 employees on 31-12-2022
In 2022, 5 people joined and nobody left.
Payment terms
76 days to suppliers
CODRIGO pays its suppliers 20 days earlier than in 2021. Customers pay 7 days later.
Filings
3 annual accounts 2 late
The 2021 accounts came latest: 4 days after the end of the period.
No score
Board and ownership
- The Value Hub 100%score 66equity €504,269 (2025) · deed of 26-01-2023
Recent changes
Merger: absorbed by The Value Hub
Dissolution of the company · Dissolved without liquidation on 01-01-2023 · The Value Hub holds all the shares · General meeting of 30-12-2022 · Gazette deed
Merger proposal: to be absorbed by THE VALUE HUB
THE VALUE HUB holds all the shares · Gazette deed
2 directors appointed
DE WIT Josephus (managing director) and Cronos Groep NV (managing director) · Permanent representative: DEROOST Dirk · Name change: Codrigo · Board meeting of 03-05-2022 · Gazette deed
New statutory auditor
KPMG Bedrijfsrevisoren CVBA appointed, EY bedrijfsrevisoren BV resigned · Permanent representatives: Filip De Bock and Dirk Deroost · Director discharge: EY bedrijfsrevisoren BV (statutory auditor) · General meeting of 02-10-2020 · Gazette deed
Official details
Source: KBO- Status
- Absorbed by The Value Hubmerger by absorption, January 2023
- Activity
- “Het rechistreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te…” (deed in Dutch)From the articles, 13 activitiesNo NACE code in the KBO yet
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2022
- €2.2m▲ 72.1%
- €108,810▼ 12.6%
- €259,970▲ 2.3%
- €721,294▲ 22.1%
- Employeeson 31-12-2022
- 16▲ 45.5%
- Filing
- Filed on 03-08-2023
Insights on CODRIGO
Absorbed by The Value Hub in January 2023. The last annual accounts are for financial year 2022. The company was dissolved without liquidation on 01-01-2023. The books and records are kept by The Value Hub.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2022
abbreviated format, filed on 03-08-2023, 3 days late€2.2m
▲ 72.1%
€171,931
▼ 4.8%
€184,939
▼ 1.3%
€121,818
▼ 7.2%
36.0%
▼ 7.0 percentage points
1.48
▼ 0.21
Money flows
of every €100 of turnover, €4.97 remains as profit in 2022Balance sheet
balance sheet total €721,294 on 31-12-2022What the company ownsHow it is paid for
in euro
in euro
Staff
€72,767
Staff costs divided by the average number of full-time equivalents.
+5 people
people who joined
people who left
In 2022, 5 people joined and nobody left. Training hours in 2022: 458.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
721,294 | 590,943 | 432,368 | |
21/28 |
38,325 | 23,081 | 10,806 | |
22/27 |
38,325 | 23,081 | 10,806 | |
23 |
38,325 | 23,081 | 10,806 | |
29/58 |
682,969 | 567,861 | 421,562 | |
40/41 |
653,894 | 538,807 | 403,589 | |
40 |
480,117 | 255,169 | 210,057 | |
41 |
173,777 | 283,638 | 193,532 | |
54/58 |
12,157 | 15,196 | 11,126 | |
490/1 |
16,919 | 13,858 | 6,847 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
721,294 | 590,943 | 432,368 | |
10/15 |
259,970 | 254,160 | 129,705 | |
10/11 |
62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | - | |
100 |
62,000 | 62,000 | 62,000 | |
13 |
197,100 | 192,100 | 67,200 | |
130/1 |
6,200 | 6,200 | 6,200 | |
130 |
6,200 | 6,200 | 6,200 | |
133 |
190,900 | 185,900 | 61,000 | |
14 |
870 | 60 | 505 | |
17/49 |
461,324 | 336,783 | 302,663 | |
42/48 |
461,324 | 336,783 | 263,346 | |
44 |
218,250 | 157,423 | 159,691 | |
440/4 |
218,250 | 157,423 | 159,691 | |
45 |
243,075 | 179,360 | 103,656 | |
450/3 |
116,540 | 119,738 | 69,227 | |
454/9 |
126,535 | 59,623 | 34,429 | |
492/3 |
- | - | 39,317 | |
| Income statement | ||||
70 |
2.2m | 1.3m | 2.0m | |
9900 |
1.2m | 704,006 | 647,347 | |
60/61 |
1.1m | 598,323 | 1.4m | |
62 |
989,635 | 514,528 | 514,501 | |
630 |
13,008 | 6,778 | 8,673 | |
640/8 |
6,013 | 2,077 | 4,348 | |
9901 |
171,931 | 180,624 | 119,826 | |
75/76B |
345 | 306 | 107 | |
75 |
345 | 306 | 107 | |
65/66B |
11,697 | 5,855 | 6,228 | |
65 |
11,697 | 5,855 | 6,228 | |
9903 |
160,579 | 175,075 | 113,705 | |
67/77 |
51,769 | 50,621 | 46,000 | |
9904 |
108,810 | 124,455 | 67,705 | |
9905 |
108,810 | 124,455 | 67,705 | |
| Appropriation of the result | ||||
9906 |
108,870 | 124,960 | 67,705 | |
14P |
60 | 505 | - | |
791/2 |
103,000 | - | - | |
691/2 |
108,000 | 124,900 | 67,200 | |
6920 |
- | - | 6,200 | |
6921 |
108,000 | 124,900 | 61,000 | |
694/7 |
103,000 | - | - | |
694 |
103,000 | - | - | |
| Social balance sheet | ||||
9087 |
13.6 | 8.7 | 5 | |
Hours worked1013 |
20,729 | 13,062 | 15,208 | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 03-08-2023.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 3 days after the deadline. Filed on 3 August 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00310642.
Subsidies and aid
Flemish government 2022, 1 entry, €27 awarded, €27 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| 184,939 | 187,402 | 128,499 | ||
| 121,818 | 131,233 | 76,378 | ||
| 28,252 | 21,214 | 20,073 | ||
| -3,039 | 4,070 | - | ||
| 221,645 | 231,079 | 158,216 | ||
| 7.9% | 14.2% | 6.1% | ||
| 36.0% | 43.0% | 30.0% | ||
| 1.48 | 1.69 | 1.60 | ||
| 1.77 | 1.33 | 2.33 | ||
| 41.9% | 49.0% | 52.2% | ||
| 15.1% | 21.1% | 15.7% | ||
| 15.81 | 32.01 | - | ||
| 80 days | 73 days | 39 days | ||
| 76 days | 96 days | 42 days |
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.
Social balance sheet
| Item | 31-12-2022 | 31-12-2021 |
|---|---|---|
| Employees at the balance-sheet date | 16 | 11 |
| full-time | 14 | 10 |
| part-time | 2 | 1 |
| in full-time equivalents | 15.7 | 10.9 |
| 13.6 | 8.7 | |
| On a permanent contract | 16 | 11 |
| Joined | 5 | 5 |
| Left | 0 | 1 |
| Training hours | 458 | 124 |
Source: social balance sheet in the 2021 to 2022 annual accounts
Investments
fixed assets acquired| Item | 2022 | 2021 |
|---|---|---|
| Tangible fixed assets | €28,252 | €21,214 |
| €13,008 | €6,778 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on CODRIGO
The operating result for 2022 is 5% lower than in 2021.
Debt's share of the balance-sheet total rises from 57.0% to 64.0%. Equity and debt are higher.
Board & ownership
Last board
2 office holders, 1 auditor, last change in 2022Managing director, permanent representative DEROOST Dirk
appointed by deed of 15-06-2022
also on the board of 368 other companies
Statutory auditor, permanent representative Filip De Bock
appointed by deed of 26-11-2020
Permanent representatives 1
Mandates through the years
5 names, the dashed line is todayDe Cronos Groep
Managing director
Managing director
DE WIT Josephus
Managing director
Managing director
KPMG Bedrijfsrevisoren CVBA
Statutory auditor
Statutory auditor
Contribute Group NV
Director
Director
Dirk Deroost
Director
Director
LeadershipEarliermandate already running before its first mentionend not dated
Mandates as a list
- De Cronos Groep
- Director, appointed by deed of 14-01-2020, last mentioned in 2020
- Managing director, appointed by deed of 15-06-2022, still in office
- DE WIT Josephus
- Director, appointed by deed of 14-01-2020, last mentioned in 2020
- Managing director, appointed by deed of 15-06-2022, still in office
- KPMG Bedrijfsrevisoren CVBA
- Statutory auditor, from 02-10-2020 to date
- Contribute Group NV
- Director, until 10-12-2019
- Dirk Deroost
- Director, until 10-12-2019
Control
Parent
Equity €504,269
Loss €125,992 in 2025 (loss €3,275 in 2024)
Checked score 66
Source: deed 26-01-2023
100%
This company
CODRIGO
Equity €259,970
Profit €108,810 in 2022
Further up the chainBewire 80%De Cronos Groep 90%Nuclys 95.22%
Capital
- Capital
- €62,000
- Source
- 2022 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- The Value Hub
- De Cronos Groep
- Bewire
Source: shareholder structure in its own accounts, parent in its own accounts
Articles of association
deed of 15-06-2022 (in Dutch)- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 3 directors1 director“6 jaar”“Tenminste helft leden aanwezig of geldig vertegenwoordigd, gewone meerderheid”
Capital transactions
Shareholders according to the deeds
Stated in the deed
deed of 26-01-2023 ↗
- The Value Hub (BE 0778.465.877) all shares
Stated in the deed
deed of 25-11-2022 ↗
- THE VALUE HUB (BE 0778.465.877) all shares
Network & group
Group
The Value Hub has 2 direct subsidiaries (2022 accounts)Belgium 2 Equity Result
- BE Codrigono longer active €259,970 result €108,810
- BE Shape & Shiftno longer active €357,335 result €159,921
Source: list of holdings in the 2022 accounts of The Value Hub. Every holding stands with its own latest accounts.
Part of the group Nuclys Group, risk and exposureAcquisitions and mergers
1 transactionTaken over by:The Value Hub
Connections & network
6 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Collide
via Josephus de Wit · Director · deed of 13-10-2022
Founded in 2010 · 31 FTE (2025) · negative equity · group Nuclys
→
The Campus
via Josephus de Wit · Director · deed of 02-04-2024
Founded in 2007 · 1 FTE (2025) · negative equity · group Nuclys
→
Bryxx
via Josephus de Wit · Director · deed of 27-11-2024
Founded in 2013 · 12 FTE (2025) · group Nuclys
→
Bewire
via Josephus de Wit · Managing director · deed of 15-06-2022
Founded in 2015 · 4.6 FTE (2025) · group Nuclys
→
Show 2 more companies with a shared director
Anticipate
via Josephus de Wit · Managing director · deed of 15-06-2022
No longer active · 11 FTE (2022) · group Nuclys
→
Contribute4J
via Josephus de Wit · Director · deed of 24-09-2021
No longer active · 21 FTE (2022) · group Nuclys
→
Timeline
Timeline
11 events since 2019Board
Capital
Filings
Financial
End
2020202220242026
2023
Annual accounts 2022 filed PDFabbreviated format · 3 days late
Merger: absorbed by The Value HubDissolution of the company · Dissolved without liquidation on 01-01-2023 · The Value Hub holds all the shares · General meeting of 30-12-20223 points ▸
- General meeting, 30-12-2022
- The Value Hub holds all the shares, mentioned twice in the deed
- Accounting effect, 01-01-2023, mentioned twice in the deed
- The deed holds 5 more points.
2022
- Accounting effect, 01-01-2023
- THE VALUE HUB holds all the shares, mentioned twice in the deed
- The deed holds 4 more points.
Annual accounts 2021 filed PDFabbreviated format · 4 days late
2 directors appointedDE WIT Josephus (managing director) and Cronos Groep NV (managing director) · Permanent representative: DEROOST Dirk · Name change: Codrigo · Board meeting of 03-05-20225 points ▸
- Name change, Codrigo
- Board meeting, 03-05-2022
- Director appointment, DE WIT Josephus (managing director)
- Director appointment, Cronos Groep NV (managing director)
- Permanent representative, DEROOST Dirk
- The deed holds 3 more points.
2021
Highest result from 2020 to 2022 net €124,455 ▲83.8% The operating result of €180,624 and the net result of €124,455 are both a record.
Equity above €200,000 equity €254,160 ▲96% With a profit in every financial year since 2020, equity grows to €254,160.
Annual accounts 2020 filed PDFabbreviated format · 19 days before the deadline
2020
New statutory auditorKPMG Bedrijfsrevisoren CVBA appointed, EY bedrijfsrevisoren BV resigned · Permanent representatives: Filip De Bock and Dirk Deroost · Director discharge: EY bedrijfsrevisoren BV (statutory auditor) · General meeting of 02-10-20206 points ▸
- General meeting, 02-10-2020
- Auditor resignation, EY bedrijfsrevisoren BV (statutory auditor)
- Director discharge, EY bedrijfsrevisoren BV (statutory auditor)
- Auditor appointment, KPMG Bedrijfsrevisoren CVBA (statutory auditor)
- Permanent representative, Filip De Bock
- Permanent representative, Dirk Deroost
2 directors appointed, 2 resignationsPermanent representatives: Christophe Beckers, Koen Claesen, Josephus de Wit, Dirk Deroost and Jeroen Benats · Resignations: Dirk Deroost and Contribute Group NV · Appointments: Josephus de Wit and De Cronos Groep NV · General meeting of 10-12-201911 points ▸
- Board meeting, 25-11-2019
- Permanent representative, Christophe Beckers
- Permanent representative, Koen Claesen
- General meeting, 10-12-2019
- Director resignation, Dirk Deroost
- Director resignation, Contribute Group NV
- Permanent representative, Josephus de Wit, mentioned twice in the deed
- Director appointment, Josephus de Wit
- Director appointment, De Cronos Groep NV
- Permanent representative, Dirk Deroost
- Permanent representative, Jeroen Benats
2019
Incorporation PDF6 publications in the Belgian Official Gazette, the last on 26-01-2023
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Since 2022 the company has been called Codrigo.1 CODRIGO has filed 3 sets of annual accounts, the latest for financial year 2022.2 In 2023 the company was absorbed by merger into The Value Hub.3
Company details
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het rechistreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse…”
13 activities
- Het rechistreeks of onrechtstreeks participeren,onder welke vorm dan ook,in bestaande of nog op te richten Belgische of buitenlandse vennootschappen,verenigingen of andere entitelten of personen met of zonder rechtspersoonlijkheid,voor eigen rekening of voor rekening van derden,alsook het waamemen van het beheer,het bestuur,de controle en de ontwikkeling van deze participaties. De vennootschap zal met name belangen mogen nemen door middel van inbreng,opslorping,fusie,deelneming of op elke andere wijze in vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
- De vennootschap zal haar fondsen kunnen aanwenden om een portefeuille,die onder meer kan bestaan uit alle al dan niet verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen en alle roerende goederen en rechten,te vormen,te beheren,te valoriseren en/of te vereffenen. Dit houdt onder meer in dat zij kan overgaan tot het aankopen,onderschrijven,beheren,verkopen,omruilen voor eigen rekening van waardepapieren en effecten allerlei van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid.
- De vennootschap kan deelnemen in de oprichting van vennootschappen en verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en de ontwikkeling ervan plannen en coördineren.
- Het beheren van vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid,wat ook hun voorwerp moge zijn,onder meer door het waarnemen van het mandaat van bestuurder,vereffenaar of enige andere functie;door het deelnemen in de organisatie,herstructurering of leiding;door het verwerven,beheren of valoriseren van octrooien,merken en licenties of andere intellectuele rechten.
- Het verlenen van diensten of prestaties op technisch,commercieel,juridisch en financieel gebied;onder meer het verstrekken van advies inzake bedrijfsbeheer,management en in het algemeen consultancy,dit alles in de breedste zin.
- Selectie en werving.
- Het op productieve wijze verwerven,beheren,verkopen van roerende en onroerende,materiële of immateriële goederen,zonder dat de vennootschap hierbij aan vermogensbeheer of beleggingsadvies doet en wat de verrichtingen met onroerende goederen betreft met uitsluiting van de handelingen van vastgoedhandelaar.
- Het bemiddelen,in opdracht van derden,van overeenkomsten of diensten;het aanbrengen van zaken,cliënten,financiers of anderen in de breedste zin. Hieronder kunnen worden begrepen alle transacties of handelingen die kaderen in een commissie-,agentuur-,distributie-,concessie- of lastgevingovereenkomst of enige andere overeenkomst waarbij de vennootschap als tussenpersoon,aanbrenger of distributeur optreedt.
- Het verstrekken van leningen en kredieten in de breedste zin aan vennootschappen,verenigingen of andere entiteiten of personen met of zonder rechtspersoonlijkheid en aan particulieren,alsook het stellen van alle commerciële en financiële verrichtingen,met uitzondering van die transacties die wettelijk zijn voorbehouden aan banken en andere financiële instellingen;het stellen van persoonlijke en zakelijke zekerheden ten behoeve van derden,steeds rekening houdende met de bepalingen van het vennootschapsrecht.
- Het verlenen van diensten rond opleidingen alsook de organisatie van conferenties,seminaries,opleidingen in de meest ruime zin van het woord,dit zowel voor eigen rekening als voor rekening van derden;bijkomend tevens het verzorgen,verstrekken en organiseren van lessen en opleidingen in alle mogelijke vakgebieden aan personeel en derden,dit zowel voor privépersonen,voor ondernemingen,voor scholen,voor overheidsinstellingen als voor parastatalen en meer algemeen,coaching ten behoeve van derden,particulieren en ondernemingen in de meest ruime zin van het woord.
- De vennootschap mag alle burgerlijke,commerciële,industriële,financiële,roerende en onroerende of andere verrichtingen of handelingen doen die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk in verband staan met haar voorwerp of die eenvoudig nuttig zijn of de verwezenlijking van dit voorwerp vergemakkelijken.
- De vennootschap mag al deze verrichtingen uitvoeren in België of in het buitenland,voor eigen rekening of voor rekening van derden,in de meest uitgebreide zin.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen,onder meer door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
Articles of association, deed of 25-11-2022 (in Dutch)
Inactive
Absorbed by The Value Hub in January 2023
CODRIGO is no longer in the KBO register. The Value Hub took it over in a merger by absorption, published in the Belgian Official Gazette on 26 January 2023.
- Status
- Inactive
- Reason
- Merger by absorption"operation treated as a merger by absorption", Belgian Official Gazette, 26 January 2023 · deed
- Absorbed by
- The Value Hub · 0778.465.877
- Last annual accounts
- financial year to 31 December 2022
- Last registered office
- Diamantstraat 10, 2200 Herentalsas published on 26 January 2023
- Legal form
- Public limited company
- First annual accounts
- financial year 2020