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Pharmacie Codden

Active
Private limited companyfounded 2017active for 9 yearsPlace de la Hestre 1, 7170 Manage, BelgiumKBO/BCE: BE 0677.651.797

From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Pharmacie Codden has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131,848 and a net result of €37,727. Equity has been growing by about 4.8% per year since 2018. Its solvency ranks better than 33% of 12,757 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 28-06-2017 Normal situation
Activity
Retail sale of pharmaceutical products NACE 47730
Establishment unit
2.265.700.858 7170 Manage, since 28-06-2017
Financial year end
31 December
Peppol
Reachable since 29-12-2025

Board and ownership

Board
  • CODDEN FREDERICDirector · since 28-06-2017

Financial position

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€213,863
▼ 12.0%
Turnover
≈ €1.0m
estimated
Profit
€37,727
▼ 49.4%
Equity
€131,848
▲ 40.1%
Total assets
€597,613
▼ 6.6%
Staff
2.8 FTE
▲ 21.7%
Filed on 17-08-2026, 17 days after the deadlineat the National Bank
Score breakdownraises riskSector: Retail trade (NACE 47)Equity €131,848 (22.1% of total assets)lowers riskFigures for financial year 2025 (filed on 20-08-2026)Size: 2.8 FTE, total assets €597,613Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency 47+7
equity 22.1% of total assets
Liquidity 52+1
short-term debt 41.2% · cash 16.9%
Profitability 77-6
return on assets 6.3%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.8%▲ +0.2 percentage points vs 05-2025 07-2025: 0.9%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▼ -0.3 percentage points vs 07-2025 09-2025: 0.6%● unchanged 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: 0.5%▼ -0.1 percentage points vs 02-2026 04-2026: 0.6%▲ +0.1 percentage points vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.7%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%▲ +0.1 percentage points vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.4%▼ -0.9 percentage points vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.25 in 2024), below the usual 1.5. Short-term debt is 41.2% and cash 16.9% of total assets. 77.9% of the assets are financed with debt and provisions.
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 47, micro). It does better than 38% of them on solvency, 56% on liquidity, 65% on profitability and 83% on growth.

The bankruptcy probability was computed on 31-10-2026 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

Five signals.
lowers riskraises risk
lowers risk · Figures for financial year 2025 (filed on 20-08-2026)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Size: 2.8 FTE, total assets €597,613
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 · Equity €131,848 (22.1% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
17 days late
2024
15 days early
2023
26 days early
2022
29 days late
2021
34 days early
2020
33 days early
2019
31 days late
← 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 4 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 16 July (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 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

  • Positive: 6 profitable years in a rowprofit 2025: €37,727 6 years View

Comparable companies

These companies have the same main activity as Pharmacie Codden: retail sale of pharmaceutical products (NACE 47730). They are comparable in size and age: total assets between €516,000 and €702,000, founded between 2015 and 2019.

CompanyTotal assetsGross margin
Pharmacie Codden Manage€597,613€213,863
FLOWERS PHARMA Charleroi€516,128€180,325
ETIS PHARMA Pont-à-Celles€599,365€259,449
APOTHEEK INNESTO Leopoldsburg€545,442€198,508
PHARMACIE D'ICI - WOLUWE TOMBERG Sint-Lambrechts-Woluwe€619,619€207,985
WEST PHARMA Anderlecht€701,649€189,693
PHARMACIE MONFORT Beyne-Heusay€584,133€254,807
Full comparison

Documents

Annual accounts at the NBB

All 8 annual accounts

Articles and registers

Key facts about Pharmacie Codden

What is the company number of Pharmacie Codden?
The company number of Pharmacie Codden is 0677.651.797. The VAT number is the same number with BE in front: BE 0677.651.797.
Where is Pharmacie Codden based?
The registered office is at Place de la Hestre 1, 7170 Manage.Company details
What does Pharmacie Codden do?
According to the KBO register, the main activity is retail sale of pharmaceutical products (NACE 47730).
What is the legal form of Pharmacie Codden?
The legal form of Pharmacie Codden is Private limited company (BV).
When was Pharmacie Codden founded?
Pharmacie Codden was founded on 28-06-2017.
Is Pharmacie Codden still active?
Yes, Pharmacie Codden is an active enterprise in the KBO register.
How many employees does Pharmacie Codden have?
Pharmacie Codden had an average of 2.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Pharmacie Codden?
The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €213,863 and 51 comparable companies (NACE 477). It probably lies between €680,000 and €1.9m.
Is Pharmacie Codden profitable?
In financial year 2025, Pharmacie Codden made a profit of €37,727.
Where can I find the annual accounts of Pharmacie Codden?
Pharmacie Codden filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Pharmacie Codden due?
Pharmacie Codden must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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