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Kodij

Active
Private limited companyfounded 20233 yrs activeLAR Blok Z (Aal) 5, 8511 Kortrijk, BelgiumKBO/BCE: BE 0800.881.686
Summary

Kodij has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €452,383 and a net result of -€15,723. Its solvency ranks better than 38% of 739 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability35▲+35
Solvency58▲+2
Growth78
Track record94
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.53 against 3.06 in 2024; short-term debt: 16.2% and cash: 20.5% of total assets), but 67.1% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 2 filings
Deviation from the deadline
2025
13 d late
2024
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

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 months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
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

Kodij was incorporated on 18 April 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

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

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€15,723▲ 57.8%
2024 · -€37,237
Working capital
€341,825▲ 236%
2024 · €101,706
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€36,886--€14,126▲ 61.7%
Net result-€37,237below the sector's middle half--€15,723below the sector's middle half▲ 57.8%
Equity€62,763below the sector's middle half-€452,383within the sector's middle half▲ 621%
Total assets€201,518below the sector's middle half-€1.4mwithin the sector's middle half▲ 582%
Debt€138,755-€922,784▲ 565%
Working capital€101,706within the sector's middle half-€341,825within the sector's middle half▲ 236%
Solvency31.1%within the sector's middle half-32.9%within the sector's middle half▲ 1.8pp
Current ratio3.06within the sector's middle half-2.53within the sector's middle half▼ 0.53
Return on assets (ROA)-18.5%below the sector's middle half--1.1%below the sector's middle half▲ 17.3pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€36,886-€36,886Net result 2024: -€37,237-€37,237Operating result 2025: -€14,126-€14,126Net result 2025: -€15,723-€15,72320242025-€40,000-€30,000-€20,000-€10,000€0Operating result 2024: -€36,886-€36,900Net result 2024: -€37,237-€37,200Operating result 2025: -€14,126-€14,100Net result 2025: -€15,723-€15,70020242025
The operating result stays negative: a loss of €14,126 in 2025 against €36,886 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets €809,912 ▲ 1,507%
Current assets €565,255 ▲ 274%
Equity and liabilities €1.4m
Equity €452,383 ▲ 621%
Debt €922,784 ▲ 565%
Debt's share of the balance-sheet total falls from 68.9% to 67.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Debt to equity
2.04▼
2024 · 2.21
ROE
-3.5%▲
2024 · -59.3%
Debt ≤ 1 year
€223,430▲
2024 · €49,412
Debt > 1 year
€300,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 480 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
0.8% went bankrupt
3.1% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,340 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 480 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 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€201,518€1.4m▲
Fixed assets21/28€50,401€809,912▲
Tangible fixed assets22/27€20,000€779,511▲
Assets under construction and advance payments27€20,000€779,511▲
Financial fixed assets28€30,401€30,401=
Other financial fixed assets284/8€30,401€30,401=
Amounts receivable and cash guarantees285/8€30,401€30,401=
Current assets29/58€151,118€565,255▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€108,053€283,740▲
Trade receivables40€108,053€0▼
Other amounts receivable41-€283,740
Cash at bank and in hand54/58€43,065€281,515▲
Equity and liabilities
Total equity and liabilities10/49€201,518€1.4m▲
Equity10/15€62,763€452,383▲
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€37,237-€52,960▼
Investment grants15-€405,343
Amounts payable17/49€138,755€922,784▲
Amounts payable after more than one year17-€300,000
Financial debts170/4-€300,000
Other loans174-€300,000
Amounts payable within one year42/48€49,412€223,430▲
Trade debts44€36,932€213,051▲
Suppliers440/4€36,932€213,051▲
Taxes, remuneration and social security45€12,480€10,379▼
Taxes450/3€12,480€10,379▼
Accrued charges and deferred income492/3€89,343€399,354▲
Income statement Code20242025
Operating charges60/66A€36,886€14,126▼
Services and other goods61€36,460€13,998▼
Other operating charges640/8€426€128▼
Operating profit (loss)9901-€36,886-€14,126▲
Financial income75/76B-€419
Recurring financial income75-€419
Income from current assets751-€419
Financial charges65/66B€351€2,015▲
Recurring financial charges65€351€2,015▲
Debt charges650-€1,337
Other financial charges652/9€351€679▲
Profit (loss) for the period before taxes9903-€37,237-€15,723▲
Profit (loss) for the period9904-€37,237-€15,723▲
Profit (loss) for the period to be appropriated9905-€37,237-€15,723▲
Appropriation of the result
Profit (loss) to be appropriated9906-€37,237-€52,960▼
Profit (loss) brought forward from the previous period14P--€37,237

The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Operating charges60/66A€36,886€14,126▼ 61.7%
Services and other goods61€36,460€13,998▼ 61.6%
Other operating charges640/8€426€128▼ 70.0%
Operating profit (loss)9901-€36,886-€14,126▲ 61.7%
Financial income75/76B-€419-
Recurring financial income75-€419-
Income from current assets751-€419-
Financial charges65/66B€351€2,015▲ 474%
Recurring financial charges65€351€2,015▲ 474%
Debt charges650-€1,337-
Other financial charges652/9€351€679▲ 93.2%
Profit (loss) for the period before taxes9903-€37,237-€15,723▲ 57.8%
Profit (loss) for the period9904-€37,237-€15,723▲ 57.8%
Profit (loss) for the period to be appropriated9905-€37,237-€15,723▲ 57.8%
Line20242025Change
Assets
Total assets20/58€201,518€1.4m▲ 582%
Fixed assets21/28€50,401€809,912▲ 1,507%
Tangible fixed assets22/27€20,000€779,511▲ 3,798%
Assets under construction and advance payments27€20,000€779,511▲ 3,798%
Financial fixed assets28€30,401€30,401=
Other financial fixed assets284/8€30,401€30,401=
Amounts receivable and cash guarantees285/8€30,401€30,401=
Current assets29/58€151,118€565,255▲ 274%
Stocks and contracts in progress3€0€0-
Amounts receivable within one year40/41€108,053€283,740▲ 163%
Trade receivables40€108,053€0▼ 100%
Other amounts receivable41-€283,740-
Cash at bank and in hand54/58€43,065€281,515▲ 554%
Equity and liabilities
Total equity and liabilities10/49€201,518€1.4m▲ 582%
Equity10/15€62,763€452,383▲ 621%
Contributions10/11€100,000€100,000=
Profit (loss) carried forward14-€37,237-€52,960▼ 42.2%
Investment grants15-€405,343-
Amounts payable17/49€138,755€922,784▲ 565%
Amounts payable after more than one year17-€300,000-
Financial debts170/4-€300,000-
Other loans174-€300,000-
Amounts payable within one year42/48€49,412€223,430▲ 352%
Trade debts44€36,932€213,051▲ 477%
Suppliers440/4€36,932€213,051▲ 477%
Taxes, remuneration and social security45€12,480€10,379▼ 16.8%
Taxes450/3€12,480€10,379▼ 16.8%
Accrued charges and deferred income492/3€89,343€399,354▲ 347%
Line20242025Change
Profit (loss) for the period9904-€37,237-€15,723▲ 57.8%
Operating cash flow (approximation)-€37,237-€15,723▲ 57.8%
Investment in fixed assets (approximation)--€759,511-
Change in cash-€238,450-

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

Next filing, fiscal year 2026, expected by 31-07-2027
2026
13-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 13 days late
2025
31-12
Financial Equity above €200,000Eq €452,383 ▲621%
Equity rises from €62,763 to €452,383.
17-07
NBB filing Annual accounts filed
fiscal year 2024 · full 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, Kortrijk · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
12.1 ha
Building footprint
5.9 ha
Parcel 34001A0684/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Kodij
LAR Blok Z (Aal) 5, 8511 KortrijkRepair and maintenance of electrical equipment
since 20232.344.570.271
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34001A0684/00D000 Flanders 12.1 ha 1 · 5.9 ha -
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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2023 to 2025 · 2 entries · 405,343 EUR awarded · 121,603 EUR paid
Year Entries awardedpaid
2025 1 0 EUR121,603 EUR
2023 1 405,343 EUR0 EUR
Schemes
2 entries · 405,343 EUR · 121,603 EUR paid · Vlaams Energie- en Klimaatagentschap

Similar companies · same sector, comparable size

Of 2,148 companies in sector 71209 we hold annual accounts for 1,090. 715 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
Founded18-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
35150Electricity, gas, steam and air conditioning supply
35230Electricity, gas, steam and air conditioning supply
66199Other activities auxiliary to financial services, excluding insurance and pension funding
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0800881686

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

Register as of 30 September 2026 · Peppol Directory

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