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Immobilière Codys

Active
Private limited companyfounded 20251 yr activeHockeylaan 2, 1150 Sint-Pieters-Woluwe, BelgiumKBO/BCE: BE 1023.892.012
Summary

The computed 12-month bankruptcy probability of Immobilière Codys is 4.6% (elevated). The 2025 annual accounts show negative equity (-€34,480) and a net result of -€49,480. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability12
Solvency18
Growth-
Track record67
Bankruptcy probability, 12 months
4.6% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.25; short-term debt: 44.5% and cash: 12.2% of total assets), but equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-7.2%
Return on assets
-10.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
31 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 2 June 2025, Immobilière Codys was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
-€34,480
Total assets
€478,402
Net result
-€49,480
Working capital
€265,520

Turnover and EBIT margin not published: the micro schema does not require them.

Key figures and ratios
2025 value
Solvency
-7.2%
Current ratio
2.25
Quick ratio
0.27
ROA
-10.3%
Debt
€512,882
Debt ≤ 1 year
€212,882
Debt > 1 year
€300,000
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 2,386 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.

  • Small
  • negative equity
  • a loss of 10% of the balance sheet or more
  • without age
7.3% went bankrupt
5.2% stopped otherwise
86% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,386 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 23 lines
Balance sheet Code2025
Assets
Total assets20/58€478,402
Current assets29/58€478,402
Stocks and contracts in progress3€420,000
Stocks30/36€420,000
Cash at bank and in hand54/58€58,402
Equity and liabilities
Total equity and liabilities10/49€478,402
Equity10/15-€34,480
Contributions10/11€15,000
Profit (loss) carried forward14-€49,480
Amounts payable17/49€512,882
Amounts payable after more than one year17€300,000
Financial debts170/4€300,000
Amounts payable within one year42/48€212,882
Other amounts payable47/48€212,882
Income statement Code2025
Other operating charges640/8€401
Gross operating margin9900-€46,010
Operating profit (loss)9901-€46,411
Financial charges65/66B€3,069
Recurring financial charges65€3,069
Profit (loss) for the period before taxes9903-€49,480
Profit (loss) for the period9904-€49,480
Profit (loss) for the period to be appropriated9905-€49,480
Appropriation of the result
Profit (loss) to be appropriated9906-€49,480

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€401
Gross operating margin9900-€46,010
Operating profit (loss)9901-€46,411
Financial charges65/66B€3,069
Recurring financial charges65€3,069
Profit (loss) for the period before taxes9903-€49,480
Profit (loss) for the period9904-€49,480
Profit (loss) for the period to be appropriated9905-€49,480
Line2025
Assets
Total assets20/58€478,402
Current assets29/58€478,402
Stocks and contracts in progress3€420,000
Stocks30/36€420,000
Cash at bank and in hand54/58€58,402
Equity and liabilities
Total equity and liabilities10/49€478,402
Equity10/15-€34,480
Contributions10/11€15,000
Profit (loss) carried forward14-€49,480
Amounts payable17/49€512,882
Amounts payable after more than one year17€300,000
Financial debts170/4€300,000
Amounts payable within one year42/48€212,882
Other amounts payable47/48€212,882
Line2025
Profit (loss) for the period9904-€49,480
Operating cash flow (approximation)-€49,480

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
NBB filing
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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
659 m²
Building footprint
267 m²
Volume, LiDAR
3,003 m³
Parcel 21682C0124/00Z000, Brussels · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Immobilière Codys
Hockeylaan 2, 1150 Sint-Pieters-WoluweReal estate activities
since 20252.375.641.945
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21682C0124/00Z000 Brussels 659 m² 1 · 267 m² 14.6 m · 4 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.

Company details

Identification
Legal formPrivate limited company
Founded02-06-2025
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.