KODEVANA
ActiveSummary
KODEVANA has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,229 and a net result of €78,930. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 31% of 15,784 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 21-06-2016 Normal situation
- Activity
- Certified accountants and tax accountants NACE 69201
- Establishment unit
- 2.253.896.156 8800 Roeselare, since 01-07-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 08-10-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €122,081
- ▲ 4.5%
- Turnover
- ≈ €230,000
- estimated
- Profit
- €78,930
- ▼ 0.5%
- Equity
- €110,229
- =
- Total assets
- €317,364
- ▲ 37.9%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 2 of the last 3 accounts latelowers riskSector: Legal and accounting activities (NACE 69)Liquidity: current ratio 1.26, cash €115,521Size: total assets €317,364Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 69, micro). It does better than 34% of them on solvency, 47% on liquidity, 64% on profitability and 35% on growth.
The bankruptcy probability was computed on 03-11-2026 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
The company filed its last 7 accounts on average 16 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00471415.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 9 filings
Every figure per financial year
The operating result for 2025 is 9% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,832 | €4,676 | €7,724 | €48,709 | €11,689 |
| Depreciation and write-downs of the year | €10,222 | €7,494 | €8,731 | €17,790 | €13,837 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €546 awarded · €741 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €195 | €195 |
| 2024 | 1 | €195 | €195 |
| 2023 | 1 | €0 | €195 |
| 2022 | 1 | €156 | €156 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,585 | €13,585 | €13,687 | €10,222 | €7,494 | €8,731 | €17,790 | €13,837 | ▼ 22.2% |
| Other operating charges640/8 | - | - | - | €1,300 | €1,384 | €1,591 | €901 | €872 | ▼ 3.3% |
| Gross operating margin9900 | €38,973 | €42,160 | €55,839 | €81,323 | €85,793 | €76,839 | €116,769 | €122,081 | ▲ 4.5% |
| Operating profit (loss)9901 | €24,089 | €27,349 | €40,857 | €69,801 | €76,915 | €66,517 | €98,077 | €107,372 | ▲ 9.5% |
| Financial income75/76B | - | - | - | €97 | €25 | €0 | €7,085 | €5 | ▼ 99.9% |
| Recurring financial income75 | €0 | €5 | €3 | €97 | €25 | €0 | €298 | €5 | ▼ 98.3% |
| Non-recurring financial income76B | - | - | - | - | - | - | €6,787 | - | - |
| Financial charges65/66B | - | - | - | €1,327 | €1,188 | €2,702 | €4,140 | €5,491 | ▲ 32.6% |
| Recurring financial charges65 | €3,035 | €2,057 | €1,911 | €1,327 | €1,188 | €2,702 | €4,140 | €5,491 | ▲ 32.6% |
| Profit (loss) for the period before taxes9903 | €21,054 | €25,298 | €38,949 | €68,571 | €75,752 | €63,815 | €101,022 | €101,887 | ▲ 0.9% |
| Income taxes67/77 | €8,658 | €7,042 | €12,846 | €14,883 | €22,457 | €14,538 | €21,710 | €22,957 | ▲ 5.7% |
| Profit (loss) for the period9904 | €12,396 | €18,256 | €26,103 | €53,688 | €53,295 | €49,277 | €79,312 | €78,930 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €12,396 | €18,256 | €26,103 | €53,688 | €53,295 | €49,277 | €79,312 | €78,930 | ▼ 0.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €138,745 | €117,183 | €114,626 | €149,794 | €203,809 | €259,794 | €230,160 | €317,364 | ▲ 37.9% |
| Fixed assets21/28 | €60,262 | €46,677 | €37,008 | €31,619 | €28,801 | €27,793 | €58,712 | €56,564 | ▼ 3.7% |
| Tangible fixed assets22/27 | €60,262 | €46,677 | €37,008 | €31,619 | €28,801 | €27,793 | €58,712 | €56,564 | ▼ 3.7% |
| Land and buildings22 | - | - | - | - | - | - | €37,215 | €35,505 | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,152 | €1,682 | €11,296 | ▲ 572% |
| Furniture and vehicles24 | - | - | - | €6,238 | €8,961 | €11,343 | €11,058 | €6,547 | ▼ 40.8% |
| Other tangible fixed assets26 | - | - | - | €25,381 | €19,839 | €14,298 | €8,757 | €3,216 | ▼ 63.3% |
| Current assets29/58 | €78,483 | €70,506 | €77,619 | €118,175 | €175,009 | €232,001 | €171,449 | €260,800 | ▲ 52.1% |
| Amounts receivable within one year40/41 | €73,005 | €65,400 | €47,100 | €44,000 | €104,240 | €113,658 | €119,165 | €141,843 | ▲ 19.0% |
| Trade receivables40 | - | - | - | €44,000 | €98,250 | €97,205 | €107,875 | €25,650 | ▼ 76.2% |
| Other amounts receivable41 | - | - | - | - | €5,990 | €16,453 | €11,290 | €116,193 | ▲ 929% |
| Cash at bank and in hand54/58 | €2,932 | €5,106 | €29,709 | €73,507 | €69,996 | €115,016 | €49,328 | €115,521 | ▲ 134% |
| Deferred charges and accrued income490/1 | - | - | - | €668 | €772 | €3,328 | €2,955 | €3,436 | ▲ 16.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €138,745 | €117,183 | €114,626 | €149,794 | €203,809 | €259,794 | €230,160 | €317,364 | ▲ 37.9% |
| Equity10/15 | €34,031 | €52,287 | €60,134 | €113,822 | €163,917 | €110,229 | €110,229 | €110,229 | = |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €15,431 | €33,687 | €41,534 | €95,222 | €145,317 | €91,629 | €91,629 | €91,629 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €93,362 | €143,457 | €91,629 | €91,629 | €91,629 | = |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €104,714 | €64,895 | €54,492 | €35,971 | €39,892 | €149,565 | €119,931 | €207,135 | ▲ 72.7% |
| Amounts payable within one year42/48 | €104,714 | €64,895 | €54,391 | €35,971 | €39,892 | €149,565 | €119,831 | €207,135 | ▲ 72.9% |
| Trade debts44 | €20,075 | €11,304 | €18,726 | €2,469 | €9,158 | €2,753 | €3,818 | €518 | ▼ 86.4% |
| Suppliers440/4 | - | - | - | €2,469 | €9,158 | €2,753 | €3,818 | €518 | ▼ 86.4% |
| Taxes, remuneration and social security45 | - | - | - | €6,326 | €7,798 | €10,168 | €11,363 | €27,446 | ▲ 142% |
| Taxes450/3 | - | - | - | €6,326 | €7,798 | €10,168 | €11,363 | €27,446 | ▲ 142% |
| Other amounts payable47/48 | - | - | - | €27,176 | €22,936 | €136,643 | €104,650 | €179,172 | ▲ 71.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | €100 | €0 | ▼ 100% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,396 | €18,256 | €26,103 | €53,688 | €53,295 | €49,277 | €79,312 | €78,930 | ▼ 0.5% |
| + Depreciation and write-downs630 | €13,585 | €13,585 | €13,687 | €10,222 | €7,494 | €8,731 | €17,790 | €13,837 | ▼ 22.2% |
| Operating cash flow (approximation) | €25,981 | €31,841 | €39,790 | €63,910 | €60,789 | €58,008 | €97,102 | €92,767 | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | €0 | -€4,018 | -€4,832 | -€4,676 | -€7,724 | -€48,709 | -€11,689 | ▲ 76.0% |
| Change in cash | - | €2,174 | €24,603 | €43,798 | -€3,511 | €45,019 | -€65,687 | €66,193 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as KODEVANA has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of KODEVANA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for KODEVANA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00471415 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00455112 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00311178 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00272989 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20371147 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61300328 | |
| 31-12-2019 | micro format | 27-07-2020 | 2020-34400032 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60600416 | |
| 31-12-2017 | micro format | 29-09-2018 | 2018-67300423 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 05-01-2024 Converted to unavailable equity
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Door haar vast te stellen, 1”“Door haar vast te stellen, Bestuursorgaan”
Capital, shares and profit
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor de helft ten laste van overdrager en voor andere helft ten laste van koper(s) naar…”“Helft overdrager,helft koper(s);bij meerdere kopers naar evenredigheid verworven aantal, elke overdracht onder levenden;bezwarende en…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “186, gelijk recht in winstverdeling”
- Membership ruleThe articles set who can become a member or partner, and on what terms.
- “Hoedanigheden gegeven door Instituut aan beroepsbeoefenaar in België, enige aandeelhouder moet…”
Articles of association, deed of 05-01-2024 (in Dutch)
Network & group
KODEVANA shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of KODEVANA. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-01
Gazette deed
Reappointment: DECAESSTECKER Koen (director)Capital conversion · Reserve release · Approval10 points ▸
- General meeting, 08-12-2023
- Other provision, “aanpassing statuten aan WVV met behoud rechtsvorm, statuten aanpassen aan WVV” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar maken voor uitkering, opheffing statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Approval, 26-11-2023
- Purpose change
- Amendment of the articles, mentioned 2 times in the deed
- Director reappointment, DECAESSTECKER Koen (director)
- Registered office clause, “8800 Roeselare,Kerkhofstraat 38” (deed in Dutch)
- Other provision, “éénhoofdigheid, artikel 2:8,§4 WWV” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
12 activities
- De boekhouding en de boekhoudkundige diensten organiseren en advies verstrekken inzake de boekhoudkundige organisatie bij ondernerningen;
- Het bepalen van de resultaten en het opmaken van de jaarrekening conform de wettelijke bepalingen ter zake;
- Het openen, het houden, het centraliseren en het sluiten van boekingen, geschikt voor het opmaken van de rekeningen;
- Alle boekhoudstukken nazien en corrigeren die niet leiden tot een attestering of een expertiseverslag bestemd om aan derden te worden afgegeven;
- De analyse met boekhoudtechnische procedés van de positie en werking van ondernemingen vanuit het oogpunt van hun kredietwaardigheid, rentabiliteit en risico's die niet leidt tot een attestering of een expertiseverslag bestemd om aan derden te worden afgegeven;
- Zowel privé- als gerechtelijke expertise met betrekking tot de boekhouding van ondernemingen;
- Elke opdracht bedoeld in 4° tot en met 6° uitgevoerd door een gecertificeerd accountant, andere dan de gebruikelijke beroepsbeoefenaar, die leidt tot een attestering of een expertiseverslag bestemd om aan derden te worden afgegeven;
- Andere opdrachten waarvan de uitvoering bij of krachtens de wet zijn voorbehouden aan de gecertificeerd accountant;
- Het verstrekken van advies in alle fiscale aangelegenheden;
- Het bijstaan van de belastingplichtige bij het nakomen van zijn fiscale verplichtingen;
- Het vertegenwoordigen van de belastingplichtige bij de belastingdiensten;
- Het organiseren van administratieve diensten en advies verstrekken over de administratieve organisatie van ondernemingen.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36017C0994/00M000 | Flanders | 1,198 m² | 1 · 257 m² | 7.8 m · 1 |