Summary
CODYLCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €8.6m and a net result of €4,954. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 83% of 3,011 sector peers (NACE 64, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen aan haar aandeelhouders” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- ““Artikel 17: Vertegenwoordiging De raad van bestuur vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “12, collegiaal bestuursorgaan” (deed in Dutch)“12, gewone algemene vergadering in het boekjaar waarin hun mandaat volgens het benoemingsbesluit verstrijkt” (deed in Dutch)“12, door de raad van bestuur onder zijn leden” (deed in Dutch)“Alle handelingen die nodig of dienstig zijn tot verwezenlijking van het voorwerp, 15” (deed in Dutch)
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Interimdividenden, Artikel 29” (deed in Dutch)
Meetings and financial year
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Artikel 22, aandeelhouders mogen zich door een lasthebber, die geen aandeelhouder moet zijn, laten vertegenwoordigen” (deed in Dutch)