CODU 08
ActiveSummary
CODU 08 has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34.5m and a net result of €1.2m. Equity remains stable across the filed financial years (±0% per year). The computed 12-month bankruptcy probability is 0.2% (very low).
Financials · financial year 2025, abbreviated format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.2m▲ 1,872%
2024 · €62,181
Working capital
€3.4m▲ 56.6%
2024 · €2.2m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €10,672 in 2025 against €6,891 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.01m
2025
Net result€1.2m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€34.6m
2025
Equity€34.5m
2025
Debt€0.01m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3.4m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.003m--€0.003m▼ 18.1%-€0.004m▼ 26.7%-€0.004m▲ 10.9%-€0.07m▼ 1,702%-€0.03m▲ 47.5%-€0.007m▲ 80.2%-€0.01m▼ 54.9%
Net result€0.01m-€0.005m▼ 64.8%€0.005m▲ 2.1%€0.005m▲ 5.2%-€0.06m€0.03m€0.06m▲ 107%€1.2m▲ 1,872%
Equity€33.3m-€33.3m=€33.3m=€33.3m=€33.2m▼ 0.2%€33.3m▲ 0.1%€33.3m▲ 0.2%€34.5m▲ 3.7%
Total assets€33.3m-€33.3m▼ 0.1%€33.3m=€33.3m=€33.2m▼ 0.2%€33.3m▲ 0.1%€33.3m▲ 0.2%€34.6m▲ 3.7%
Debt€0.06m-€0.02m▼ 65.0%€0.02m▼ 24.4%€0.01m▼ 7.9%€0.01m▼ 1.1%€0.01m▲ 2.8%€0.01m▼ 0.1%€0.01m▲ 3.2%
Working capital€2.1m-€2.1m▲ 0.1%€2.1m▲ 0.1%€2.1m▲ 0.2%€2.1m▼ 2.6%€2.1m▲ 1.4%€2.2m▲ 3.0%€3.4m▲ 56.6%
Why a figure moved sharply
- 2025 Net result +1,872% on 2024. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34.6m
Fixed assets
€31.2m =
Current assets
€3.4m ▲ 56.3%
Equity and liabilities €34.6m
Equity
€34.5m ▲ 3.7%
Debt
€14,976 ▲ 3.2%
Debt's share of the balance-sheet total stays at 0.0%.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.00
ROE
3.5%▲
2024 · 0.2%
ROA
3.5%▲
2024 · 0.2%
Debt ≤ 1 year
€14,976▲
2024 · €14,512
Income taxes
€25,415▲
2024 · €11,945
A ratio outside any meaningful range has been withheld (balance sheet total €34.6m, equity €34.5m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €0.06m | €0.03m | €0.003m | €0.004m | ▲ 25.8% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 3.2% |
| Gross operating margin9900 | -€0.002m | -€0.002m | -€0.003m | -€0.003m | -€0.002m | -€0.003m | -€0.003m | -€0.006m | ▼ 97.5% |
| Operating profit (loss)9901 | -€0.003m | -€0.003m | -€0.004m | -€0.004m | -€0.07m | -€0.03m | -€0.007m | -€0.01m | ▼ 54.9% |
| Financial income75/76B | - | - | - | €0.01m | €0.01m | €0.07m | €0.08m | €1.3m | ▲ 1,449% |
| Recurring financial income75 | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.07m | €0.08m | €1.3m | ▲ 1,449% |
| Financial charges65/66B | - | - | - | €340 | €439 | €480 | €490 | €490 | = |
| Recurring financial charges65 | €156 | €183 | €194 | €340 | €439 | €480 | €490 | €490 | = |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.007m | €0.006m | €0.007m | -€0.06m | €0.03m | €0.07m | €1.3m | ▲ 1,589% |
| Income taxes67/77 | €0.006m | €0.003m | €0.002m | €0.002m | €0 | - | €0.01m | €0.03m | ▲ 113% |
| Profit (loss) for the period9904 | €0.01m | €0.005m | €0.005m | €0.005m | -€0.06m | €0.03m | €0.06m | €1.2m | ▲ 1,872% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.005m | €0.005m | €0.005m | -€0.06m | €0.03m | €0.06m | €1.2m | ▲ 1,872% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €33.3m | €33.3m | €33.3m | €33.3m | €33.2m | €33.3m | €33.3m | €34.6m | ▲ 3.7% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | = |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | - | - | - | - | - |
| Financial fixed assets28 | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | €31.2m | = |
| Current assets29/58 | €2.2m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.2m | €3.4m | ▲ 56.3% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €3.3m | ▲ 56.9% |
| Other amounts receivable41 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | €3.3m | ▲ 56.9% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.001m | €32 | €0.008m | €0.006m | €0.006m | €0.003m | €0.003m | €0.006m | ▲ 70.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.06m | €0.08m | €0.1m | ▲ 38.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €33.3m | €33.3m | €33.3m | €33.3m | €33.2m | €33.3m | €33.3m | €34.6m | ▲ 3.7% |
| Equity10/15 | €33.3m | €33.3m | €33.3m | €33.3m | €33.2m | €33.3m | €33.3m | €34.5m | ▲ 3.7% |
| Contributions10/11 | €22.5m | €22.5m | - | €22.5m | €22.5m | €22.5m | €22.5m | €22.5m | = |
| Reserves13 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Distributable reserves133 | - | - | - | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €10.1m | €10.1m | €10.1m | €10.1m | €10.1m | €10.1m | €10.2m | €11.4m | ▲ 12.1% |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.06m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 3.2% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.06m | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | ▲ 3.2% |
| Trade debts44 | €0 | €0.002m | €0.003m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 2.2% |
| Suppliers440/4 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | ▲ 2.2% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €415 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €415 | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.005m | €0.005m | €0.005m | -€0.06m | €0.03m | €0.06m | €1.2m | ▲ 1,872% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - | - | - | - |
| Operating cash flow (approximation) | €0.01m | €0.005m | €0.005m | €0.005m | -€0.06m | €0.03m | €0.06m | €1.2m | ▲ 1,872% |
| Investment in fixed assets (approximation) | - | €0 | -€0.003m | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€469 | €0.008m | -€0.001m | -€0.001m | -€0.003m | €429 | €0.002m | ▲ 470% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00269332 |
| 31-12-2024 | full format | 27-06-2025 | 2025-00185533 |
| 31-12-2023 | full format | 26-08-2024 | 2024-00368510 |
| 31-12-2022 | full format | 27-06-2023 | 2023-00162113 |
| 31-12-2021 | full format | 27-06-2022 | 2022-20146579 |
| 31-12-2020 | full format | 26-08-2021 | 2021-54800273 |
| 31-12-2019 | full format | 30-06-2020 | 2020-24500506 |
| 31-12-2018 | full format | 01-07-2019 | 2019-25900405 |
| 31-12-2017 | full format | 12-07-2018 | 2018-34000138 |
| 31-12-2016 | full format | 05-07-2017 | 2017-28800027 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.