KODECK
ActiveSummary
The computed 12-month bankruptcy probability of KODECK is 8.3% (elevated). The 2025 annual accounts show equity of €64k and a net result of €44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 13417 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+34
Solvency53▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
8.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 0.63 in 2024; short-term debt: 50.2% and cash: 10% of total assets), and 72.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
27.8%
Return on assets
19.1%
Age of the figures
9 mo
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
202122232425
2020 to 2025 · latest year €64k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
17 d early
2023
33 d late
2022
20 d early
2021
53 d late
2020
32 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
Equity
€64k▲ 219%
2024 · €20k
2020: €10k
2021: €37k▲ +270% vs 2020
2022: €31k▼ -16.5% vs 2021
2023: €6k▼ -81.1% vs 2022lowest in 6 years
2024: €20k▲ +246% vs 2023
2025: €64k▲ +219% vs 2024highest in 6 years
2020 → 2025
Total assets
€231k▲ 29.7%
2024 · €178k
2020: €51klowest in 6 years
2021: €70k▲ +36.5% vs 2020
2022: €85k▲ +21.8% vs 2021
2023: €149k▲ +75.0% vs 2022
2024: €178k▲ +19.5% vs 2023
2025: €231k▲ +29.7% vs 2024highest in 6 years
2020 → 2025
Net result
€44k▲ 208%
2024 · €14k
2020: €4k
2021: €27k▲ +615% vs 2020
2022: €-6k▼ -123% vs 2021
2023: €-25k▼ -309% vs 2022lowest in 6 years
2024: €14k▲ +157% vs 2023
2025: €44k▲ +208% vs 2024highest in 6 years
2020 → 2025
Working capital
€-43k▼ 19.2%
2024 · €-36k
2020: €-26k
2021: €15k▲ +158% vs 2020highest in 6 years
2022: €-9k▼ -159% vs 2021
2023: €-20k▼ -123% vs 2022
2024: €-36k▼ -82.0% vs 2023
2025: €-43k▼ -19.2% vs 2024lowest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€37k-€31k▼ 16.5%€6k▼ 81.1%€20k▲ 246%€64k▲ 219%
2021: €37k
2022: €31k▼ -16.5% vs 2021
2023: €6k▼ -81.1% vs 2022lowest in 5 years
2024: €20k▲ +246% vs 2023
2025: €64k▲ +219% vs 2024highest in 5 years
Operating result€38k-€-5k€-21k▼ 332%€23k€80k▲ 243%
2021: €38k
2022: €-5k▼ -113% vs 2021
2023: €-21k▼ -332% vs 2022lowest in 5 years
2024: €23k▲ +211% vs 2023
2025: €80k▲ +243% vs 2024highest in 5 years
Net result€27k-€-6k€-25k▼ 309%€14k€44k▲ 208%
2021: €27k
2022: €-6k▼ -123% vs 2021
2023: €-25k▼ -309% vs 2022lowest in 5 years
2024: €14k▲ +157% vs 2023
2025: €44k▲ +208% 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 243% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €231k
Fixed assets
€158k ▲ 35.2%
Current assets
€73k ▲ 19.3%
Equity and liabilities €231k
Equity
€64k ▲ 219%
Provisions
€1k ▼ 52.4%
Debt
€166k ▲ 6.7%
Debt's share of the balance-sheet total falls from 87.0% to 71.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111k▲
2024 · €47k
Cash flow
€75k▲
2024 · €38k
Current ratio
0.63=
2024 · 0.63
Quick ratio
0.50▲
2024 · 0.49
Debt to equity
2.57▼
2024 · 7.69
ROE
68.6%▼
2024 · 71.1%
ROA
19.1%▲
2024 · 8.0%
Interest coverage
7.16▲
2024 · 3.63
Debt ≤ 1 year
€116k▲
2024 · €97k
Debt > 1 year
€42k▼
2024 · €54k
Income taxes
€23k
Staff costs
€195k▲
2024 · €121k
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 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€178k€231k▲
Fixed assets21/28€117k€158k▲
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€107k€147k▲
Plant, machinery and equipment23€58k€65k▲
Furniture and vehicles24€19k€20k▲
Other tangible fixed assets26€31k€61k▲
Financial fixed assets28€2k€5k▲
Current assets29/58€61k€73k▲
Stocks and contracts in progress3€13k€16k▲
Stocks30/36€13k€16k▲
Amounts receivable within one year40/41€31k€32k▲
Trade receivables40€630€50▼
Other amounts receivable41€30k€32k▲
Cash at bank and in hand54/58€12k€23k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€178k€231k▲
Equity10/15€20k€64k▲
Contributions10/11€6k€6k=
Reserves13€17k€58k▲
Tax-exempt reserves132€9k€4k▼
Distributable reserves133€8k€54k▲
Profit (loss) carried forward14€-3k€7▲
Provisions and deferred taxes16€3k€1k▼
Deferred taxes168€3k€1k▼
Amounts payable17/49€155k€166k▲
Amounts payable after more than one year17€54k€42k▼
Financial debts170/4€54k€42k▼
Amounts payable within one year42/48€97k€116k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Trade debts44€25k€25k▲
Suppliers440/4€25k€25k▲
Taxes, remuneration and social security45€41k€67k▲
Taxes450/3€12k€32k▲
Remuneration and social security454/9€29k€35k▲
Other amounts payable47/48€20k€12k▼
Accrued charges and deferred income492/3€4k€7k▲
Income statement
Code20242025
Remuneration, social security and pensions62€121k€195k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€31k▲
Other operating charges640/8€663€685▲
Gross operating margin9900€169k€306k▲
Operating profit (loss)9901€23k€80k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€13k€15k▲
Recurring financial charges65€13k€15k▲
Profit (loss) for the period before taxes9903€13k€66k▲
Transfer from deferred taxes780€2k€2k▼
Income taxes67/77-€23k
Profit (loss) for the period9904€14k€44k▲
Transfer from tax-exempt reserves789€5k€5k▼
Profit (loss) for the period to be appropriated9905€19k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€46k▲
Profit (loss) brought forward from the previous period14P€-23k€-3k▲
Transfer to equity691/2-€46k
To other reserves6921-€46k
The notes to these accounts (14 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €32k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €21k | €31k | €75k | €121k | €195k | ▲ 60.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €12k | €13k | €24k | €31k | ▲ 29.8% |
| Other operating charges640/8 | €348 | €435 | €471 | €663 | €685 | ▲ 3.2% |
| Non-recurring operating charges66A | €4k | - | - | - | - | - |
| Gross operating margin9900 | €69k | €39k | €68k | €169k | €306k | ▲ 80.8% |
| Operating profit (loss)9901 | €38k | €-5k | €-21k | €23k | €80k | ▲ 243% |
| Financial income75/76B | €65 | €798 | €1k | €2k | €2k | ▼ 24.5% |
| Recurring financial income75 | €65 | €798 | €1k | €2k | €2k | ▼ 24.5% |
| Financial charges65/66B | €2k | €3k | €7k | €13k | €15k | ▲ 18.9% |
| Recurring financial charges65 | €2k | €3k | €7k | €13k | €15k | ▲ 18.9% |
| Profit (loss) for the period before taxes9903 | €35k | €-7k | €-27k | €13k | €66k | ▲ 421% |
| Transfer from deferred taxes780 | €374 | €1k | €2k | €2k | €2k | ▼ 7.7% |
| Transfer to deferred taxes680 | €8k | - | - | - | - | - |
| Income taxes67/77 | €901 | - | - | - | €23k | - |
| Profit (loss) for the period9904 | €27k | €-6k | €-25k | €14k | €44k | ▲ 208% |
| Transfer from tax-exempt reserves789 | €1k | €4k | €5k | €5k | €5k | ▼ 7.7% |
| Transfer to tax-exempt reserves689 | €24k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €4k | €-3k | €-20k | €19k | €49k | ▲ 152% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €85k | €149k | €178k | €231k | ▲ 29.7% |
| Fixed assets21/28 | €32k | €49k | €95k | €117k | €158k | ▲ 35.2% |
| Intangible fixed assets21 | €14k | €12k | €10k | €8k | €6k | ▼ 23.6% |
| Tangible fixed assets22/27 | €18k | €37k | €86k | €107k | €147k | ▲ 36.8% |
| Plant, machinery and equipment23 | €16k | €31k | €57k | €58k | €65k | ▲ 12.5% |
| Furniture and vehicles24 | €2k | €5k | €6k | €19k | €20k | ▲ 9.6% |
| Other tangible fixed assets26 | - | €963 | €23k | €31k | €61k | ▲ 98.3% |
| Financial fixed assets28 | - | - | - | €2k | €5k | ▲ 200% |
| Current assets29/58 | €38k | €36k | €54k | €61k | €73k | ▲ 19.3% |
| Stocks and contracts in progress3 | €4k | €9k | €8k | €13k | €16k | ▲ 15.6% |
| Stocks30/36 | €4k | €9k | €8k | €13k | €16k | ▲ 15.6% |
| Amounts receivable within one year40/41 | €6k | €21k | €30k | €31k | €32k | ▲ 3.2% |
| Trade receivables40 | €900 | €59 | €332 | €630 | €50 | ▼ 92.1% |
| Other amounts receivable41 | €6k | €21k | €29k | €30k | €32k | ▲ 5.1% |
| Cash at bank and in hand54/58 | €3k | €5k | €15k | €12k | €23k | ▲ 90.2% |
| Deferred charges and accrued income490/1 | €26k | €700 | €850 | €5k | €2k | ▼ 47.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €85k | €149k | €178k | €231k | ▲ 29.7% |
| Equity10/15 | €37k | €31k | €6k | €20k | €64k | ▲ 219% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €31k | €27k | €22k | €17k | €58k | ▲ 241% |
| Tax-exempt reserves132 | €23k | €19k | €14k | €9k | €4k | ▼ 52.4% |
| Distributable reserves133 | €8k | €8k | €8k | €8k | €54k | ▲ 564% |
| Profit (loss) carried forward14 | €8 | €-2k | €-23k | €-3k | €7 | ▲ 100% |
| Provisions and deferred taxes16 | €8k | €6k | €5k | €3k | €1k | ▼ 52.4% |
| Deferred taxes168 | €8k | €6k | €5k | €3k | €1k | ▼ 52.4% |
| Amounts payable17/49 | €26k | €48k | €139k | €155k | €166k | ▲ 6.7% |
| Amounts payable after more than one year17 | - | - | €62k | €54k | €42k | ▼ 20.8% |
| Financial debts170/4 | - | - | €62k | €54k | €42k | ▼ 20.8% |
| Amounts payable within one year42/48 | €23k | €45k | €74k | €97k | €116k | ▲ 19.3% |
| Current portion of amounts payable after more than one year42 | - | - | €11k | €12k | €12k | ▲ 3.5% |
| Trade debts44 | €8k | €27k | €43k | €25k | €25k | ▲ 1.4% |
| Suppliers440/4 | €8k | €27k | €43k | €25k | €25k | ▲ 1.4% |
| Taxes, remuneration and social security45 | €15k | €18k | €20k | €41k | €67k | ▲ 63.4% |
| Taxes450/3 | €6k | €8k | €4k | €12k | €32k | ▲ 167% |
| Remuneration and social security454/9 | €9k | €11k | €16k | €29k | €35k | ▲ 21.5% |
| Other amounts payable47/48 | - | - | - | €20k | €12k | ▼ 40.0% |
| Accrued charges and deferred income492/3 | €2k | €3k | €4k | €4k | €7k | ▲ 61.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €-6k | €-25k | €14k | €44k | ▲ 208% |
| + Depreciation and write-downs630 | €6k | €12k | €13k | €24k | €31k | ▲ 29.8% |
| Operating cash flow (approximation) | €32k | €6k | €-12k | €38k | €75k | ▲ 96.5% |
| Investment in fixed assets (approximation) | - | €-29k | €-60k | €-46k | €-72k | ▼ 58.6% |
| Change in cash | - | €3k | €10k | €-3k | €11k | ▲ 440% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Highest result since 2020net €44k ▲208%
Operating result €80k, net result €44k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 53 days late
2021
31-12
Financial
Liquidity quadruplescurrent ratio 1.64
Current ratio from 0.37 to 1.64; short-term debt falls from €41k to €23k.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Chaudfontaine · 6 establishment units since 2020
Ground area
4,352 m²
Building footprint
592 m²
Volume, LiDAR
2,932 m³
4 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
6 establishment units
A LA BASCULE
since 20202.299.096.275
A LA BASCULE
since 20202.299.096.374
Les délices de Nora
since 20242.360.926.649
Les délices de Nora
since 20252.372.815.780
Steffi Pasta
since 20252.373.092.330
A LA BASCULE
since 20262.390.104.051
4 parcels
Wallonia
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63057A0377/00B000 | Wallonia | 2,844 m² | 1 · 300 m² | 10.6 m · 3 fl. |
| 62022A0261/00F002 | Wallonia | 847 m² | - | - |
| 62099C0512/00A004 | Wallonia | 563 m² | 1 · 68 m² | 9.9 m · 3 fl. |
| 62008B0271/00N002 | Wallonia | 98 m² | 1 · 225 m² | - |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
6 sitesChaudfontaine2.299.096.374
Soumagne2.299.096.275
Beyne-Heusay2.390.104.051
Chaudfontaine2.360.926.649
Show 2 more sites
Olne2.372.815.780
Soumagne2.373.092.330
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,234 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
Founded24-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.