KODEVA
ActiveKODEVA has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €-430. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 85% of 475 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 6.79 against 5.6 in 2024), and 16.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
83.8%
Return on assets
0%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
59 d early
2023
21 d early
2022
46 d early
2021
45 d early
2020
43 d early
2019
58 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-430
2024 · €1.63M
2018: €-5k
2019: €197k
2020: €-248k
2021: €-107k
2022: €144k
2023: €200k
2024: €1.63M
2018 → 2025
Working capital
€1.99M▼ 9.3%
2024 · €2.19M
2018: €159k
2019: €373k
2020: €205k
2021: €145k
2022: €283k
2023: €322k
2024: €2.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€474k▲ 43.7%€527k▲ 11.0%€2.16M▲ 309%€1.96M▼ 9.2%
Operating result€-174k-€145k€269k▲ 85.9%€2.40M▲ 794%€-30k
Net result€-107k-€144k€200k▲ 38.8%€1.63M▲ 713%€-430
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30k after €2.40M in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.34M
Fixed assets
€1k▼ 45.3%
Current assets
€2.34M▼ 12.6%
Equity and liabilities €2.34M
Equity
€1.96M▼ 9.2%
Provisions
€35k▼ 16.6%
Debt
€344k▼ 28.0%
The debt ratio falls from 17.8% to 14.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-29k▼
2024 · €2.41M
Cash flow
€647▼
2024 · €1.63M
Solvency
83.8%▲
2024 · 80.6%
Current ratio
6.79▲
2024 · 5.60
Quick ratio
5.92▲
2024 · 5.20
Debt / equity
0.18▼
2024 · 0.22
ROE
0.0%▼
2024 · 75.6%
ROA
0.0%▼
2024 · 60.9%
Interest coverage
-48.04▼
2024 · 1080.30
Debt
€344k▼
2024 · €477k
Debt ≤ 1 year
€344k▼
2024 · €477k
Income taxes
€4k▼
2024 · €775k
Staff costs
€18k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.67M€2.34M▼
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Land and buildings22€0-
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€223€223=
Current assets29/58€2.67M€2.34M▼
Stocks and contracts in progress3€190k€300k▲
Stocks30/36€190k€300k▲
Amounts receivable within one year40/41€115k€160k▲
Trade receivables40€64k€9k▼
Other amounts receivable41€52k€151k▲
Current investments50/53€2.19M€1.65M▼
Cash at bank and in hand54/58€172k€224k▲
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.67M€2.34M▼
Equity10/15€2.16M€1.96M▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Reserves13€1.92M€1.72M▼
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Distributable reserves133€1.89M€1.69M▼
Profit (loss) carried forward14€-11k€-11k▼
Provisions and deferred taxes16€41k€35k▼
Provisions for liabilities and charges160/5€41k€35k▼
Major repairs and maintenance162€21k€21k▼
Other liabilities and charges164/5€20k€14k▼
Amounts payable17/49€477k€344k▼
Amounts payable within one year42/48€477k€344k▼
Trade debts44€360k€223k▼
Suppliers440/4€360k€223k▼
Taxes, remuneration and social security45€117k€121k▲
Taxes450/3€115k€118k▲
Remuneration and social security454/9€2k€3k▲
Income statement
Code20242025
Non-recurring operating income76A€1.99M€420▼
Remuneration, social security and pensions62€15k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Provisions for liabilities and charges: additions (uses and reversals)635/8€-86k€-7k▲
Other operating charges640/8€15k€5k▼
Gross operating margin9900€2.35M€-13k▼
Operating profit (loss)9901€2.40M€-30k▼
Financial income75/76B€2k€34k▲
Recurring financial income75€2k€34k▲
Financial charges65/66B€2k€600▼
Recurring financial charges65€2k€600▼
Profit (loss) for the period before taxes9903€2.40M€3k▼
Income taxes67/77€775k€4k▼
Profit (loss) for the period9904€1.63M€-430▼
Profit (loss) for the period to be appropriated9905€1.63M€-430▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.62M€-11k▼
Profit (loss) brought forward from the previous period14P€-11k€-11k=
Transfer from equity791/2€0€197k▲
Transfer to equity691/2€1.63M€0▼
To other reserves6921€1.63M€0▼
Profit to be distributed694/7€0€197k▲
Return on contributions (dividend)694€0€197k▲
Social balance
Average headcount (FTE)90870.70.5▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.63M ▲713%
Operating result €2.40M, net result €1.63M, both a record.
31-12
Financial
Liquidity triplescurrent ratio 5.60
Current ratio from 1.73 to 5.60.
31-12
Financial
Equity above €2MEq €2.16M ▲309%
3 profitable years in a row build equity to €2.16M.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €527k ▲11%
2 profitable years in a row build equity to €527k.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €144k
Net result €144k after 2 loss-making years.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-248k ▼226%
Net result drops to €-248k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €197k
Net result €197k after one loss-making year.
31-12
Financial
Equity above €500kEq €686k ▲40.3%
Equity rises from €489k to €686k.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Torhout · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortemarkstraat 1938820 TorhoutGround area
3.0 ha
Building footprint
222 m²
Volume, LiDAR
1,064 m³
Parcel 31523H0697/00K000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KODEVA
since 20022.038.833.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523H0697/00K000 | Flanders | 3.0 ha | 1 · 222 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,482 EUR awarded · 1,482 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,482 EUR | 1,482 EUR |
Schemes
Subsidie in het kader van land- en tuinbouwbeleid
Recognitions · licences · registrations
Food safety, FASFC
1 siteTorhout2.038.833.201
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LA JOUERIE
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Of 20,585 companies in sector 01500 we hold annual accounts for 1,144. 635 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-08-1983
Fiscal year end31-12
Activities, NACEBEL
01410Raising of dairy cattle
01500Mixed farming
01610Support activities for crop production
51230
46216Wholesale of agricultural produce and animal feed, general range
46231Wholesale of live animals
51210
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:decortebvba@skynet.be
Phone:051/56.62.98.
Fax:051/56.71.12.