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KODEH

Active
Private limited companyfounded 1999active for 26 yearsMechelbaan 96, 2861 Sint-Katelijne-Waver, BelgiumKBO/BCE: BE 0467.364.212
Summary

The computed 12-month bankruptcy probability of KODEH is 1.6% (moderate). The 2025 annual accounts show negative equity (-€12,603) and a net result of -€31,726. Equity has been shrinking by about 19% per year since 2018. Its solvency ranks better than 11% of 502 sector peers (NACE 31, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 18-11-1999 Normal situation
Activity
Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004and 2 others
Establishment unit
2.093.488.939 2861 Sint-Katelijne-Waver, since 14-09-2001
Financial year end
31 December
Peppol
Reachable since 07-01-2026

Board and ownership

Board
  • De hornois KoenraadDirector

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts 2025
Gross margin
-€29,240
▲ 55.8%
Loss
€31,726
▼ 53.7%
Equity
-€12,603
Total assets
€32,733
▼ 46.2%
  • Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskCapped at 59: negative equityLoss of €31,726, the second in a row (financial year 2025)Negative equity -€12,603Sector: Manufacture of furniture (NACE 31)lowers riskSize: total assets €32,733Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 6% of micro companies in furniture (NACE 31)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0-56
equity -38.5% of total assets
Liquidity 4-59
short-term debt 138.5% · cash 3.0%
Profitability 0=
return on assets -96.9%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (830 companies, NACE 31, micro)
Last 24 months 12-2024: 0.8% 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.8%● unchanged vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 1.0%▲ +0.2 percentage points vs 06-2025 08-2025: 1.3%▲ +0.3 percentage points vs 07-2025 09-2025: 0.6%▼ -0.7 percentage points vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 1.6%▲ +1.0 percentage point vs 06-2026highest value 08-2026: 1.6%● unchanged vs 07-2026highest value 09-2026: 1.6%● unchanged vs 08-2026highest value 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.4 (1.09 in 2024), below 1. Short-term debt is 138.5% and cash 3% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 31, micro). It does better than 6% of them on solvency, 6% on liquidity, 7% on profitability and 3% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €32,733
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €31,726, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€12,603
NBB · annual accounts
raises risk · Sector: Manufacture of furniture (NACE 31)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€12,603
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 days early
2024
19 days late
2023
40 days early
2022
48 days early
2021
39 days early
2020
40 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€12,603 View
  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€31,726 View
  • Caution: Lower net result than 92% of companies in furnituresector median €5,130 · 504 companies -€31,726 View

Recent changes

  1. · Gazette deed Registered office moved within Onze-Lieve-Vrouw-Waver
  2. · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointments
  3. · Gazette deed Incorporation
All 17 events

Comparable companies

These companies have the same main activity as KODEH: manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004). They are comparable in size and age: total assets between €25,200 and €59,200, founded between 1990 and 2006.

CompanyTotal assetsGross margin
KODEH Sint-Katelijne-Waver€32,733-€29,240
EBENDECO Sint-Lambrechts-Woluwe€38,655-€336
BE.RI ONDERHOUDSWERKEN Oudsbergen€41,982-€4,721
DELSA Nivelles€36,354€1,077
MICOFORM Pajottegem€25,211-€3,936
XTRACO Kontich€59,216-€9,561
VAN GESTELEN MARC Niel€57,396-€5,652
Full comparison

Key facts about KODEH

What is the company number of KODEH?
The company number of KODEH is 0467.364.212. The VAT number is the same number with BE in front: BE 0467.364.212.
Where is KODEH based?
The registered office is at Mechelbaan 96, 2861 Sint-Katelijne-Waver.Company details
What does KODEH do?
According to the KBO register, the main activity is manufacture of dining room, living room, bedroom and bathroom furniture (NACE 31004).
What is the legal form of KODEH?
The legal form of KODEH is Private limited company (BV).
When was KODEH founded?
KODEH was founded on 18-11-1999.
Is KODEH still active?
Yes, KODEH is an active enterprise in the KBO register.
What is the turnover of KODEH?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is KODEH profitable?
In financial year 2025, KODEH made a loss of €31,726.
Where can I find the annual accounts of KODEH?
KODEH filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KODEH due?
KODEH must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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