Codit holding is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €14.40M and a net result of €-1.01M. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 57% of 2777 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
41 d early
2022
42 d early
2021
44 d early
2020
46 d early
2019
46 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€14.40M▼ 6.5%
2023 · €15.41M
2018: €11.52M
2019: €7.75M
2020: €17.97M
2021: €16.99M
2022: €14.94M
2023: €15.41M
2018 → 2024
Net result
€-1.01M
2023 · €469k
2018: €1.63M
2019: €-3.77M
2020: €14.22M
2021: €1.02M
2022: €-548k
2023: €469k
2018 → 2024
Total assets
€22.10M▼ 3.5%
2023 · €22.90M
2018: €37.98M
2019: €34.84M
2020: €26.87M
2021: €25.99M
2022: €24.20M
2023: €22.90M
2018 → 2024
Solvency
65.2%▼ 2.1pp
2023 · 67.3%
2018: 30.3%
2019: 22.2%
2020: 66.9%
2021: 65.4%
2022: 61.7%
2023: 67.3%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€2.02M-€2.37M▲ 17.7%€2.34M▼ 1.2%€2.83M▲ 20.6%€3.16M▲ 11.5%
Equity€17.97M-€16.99M▼ 5.5%€14.94M▼ 12.1%€15.41M▲ 3.1%€14.40M▼ 6.5%
Operating result€282k-€-35k€287k€-573k€309k
Net result€14.22M-€1.02M▼ 92.8%€-548k€469k€-1.01M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €309k after a loss of €573k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.10M
Fixed assets
€19.85M▼ 4.8%
Current assets
€2.24M▲ 9.3%
Equity and liabilities €22.10M
Equity
€14.40M▼ 6.5%
Debt
€7.69M▲ 2.7%
The debt ratio rises from 32.7% to 34.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
65.2%▼
2023 · 67.3%
ROE
-7.0%▼
2023 · 3.0%
ROA
-4.6%▼
2023 · 2.0%
Debt
€7.69M▲
2023 · €7.49M
Debt ≤ 1 year
€7.60M▲
2023 · €7.38M
Income taxes
€2k▼
2023 · €2k
Staff costs
€839k▼
2023 · €931k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€22.90M€22.10M▼
Fixed assets21/28€20.85M€19.85M▼
Tangible fixed assets22/27€7k€10k▲
Plant, machinery and equipment23€7k€10k▲
Financial fixed assets28€20.84M€19.84M▼
Affiliated companies280/1€20.84M€19.84M▼
Participating interests280€20.84M€19.84M▼
Current assets29/58€2.05M€2.24M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.97M€2.14M▲
Trade receivables40€483k€316k▼
Other amounts receivable41€1.49M€1.83M▲
Cash at bank and in hand54/58€4k€2k▼
Deferred charges and accrued income490/1€76k€98k▲
Equity and liabilities
Total equity and liabilities10/49€22.90M€22.10M▼
Equity10/15€15.41M€14.40M▼
Contributions10/11€10.28M€10.28M=
Reserves13€5.13M€5.13M=
Non-distributable reserves130/1€62k€0▼
Reserves not available under the articles1311€62k€0▼
Distributable reserves133€5.07M€5.13M▲
Profit (loss) carried forward14-€-1.01M
Amounts payable17/49€7.49M€7.69M▲
Amounts payable within one year42/48€7.38M€7.60M▲
Current portion of amounts payable after more than one year42€0-
Trade debts44€268k€474k▲
Suppliers440/4€268k€474k▲
Taxes, remuneration and social security45€114k€136k▲
Taxes450/3€1k€0▼
Remuneration and social security454/9€113k€136k▲
Other amounts payable47/48€6.99M€6.99M▼
Accrued charges and deferred income492/3€117k€95k▼
Income statement
Code20232024
Operating income70/76A€3.29M€3.82M▲
Turnover70€2.83M€3.16M▲
Other operating income74€461k€664k▲
Non-recurring operating income76A-€25
Operating charges60/66A€3.86M€3.51M▼
Goods for resale, raw materials and consumables60€94k€301k▲
Purchases600/8€94k€301k▲
Services and other goods61€1.83M€2.36M▲
Remuneration, social security and pensions62€931k€839k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€1.00M€295▼
Operating profit (loss)9901€-573k€309k▲
Financial income75/76B€1.43M€95k▼
Recurring financial income75€1.43M€95k▼
Income from financial fixed assets750€1.30M€0▼
Income from current assets751€125k€90k▼
Other financial income752/9€6k€5k▼
Financial charges65/66B€386k€1.41M▲
Recurring financial charges65€386k€408k▲
Debt charges650€378k€403k▲
Other financial charges652/9€8k€5k▼
Non-recurring financial charges66B€0€1.00M▲
Profit (loss) for the period before taxes9903€471k€-1.00M▼
Income taxes67/77€2k€2k▼
Taxes670/3€2k€2k▼
Profit (loss) for the period9904€469k€-1.01M▼
Profit (loss) for the period to be appropriated9905€469k€-1.01M▼
Appropriation of the result
Profit (loss) to be appropriated9906€469k€-1.01M▼
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€469k€0▼
To other reserves6921€469k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)90879.38.6▼
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
03-10
State Gazette act
General meeting · Director resignation
Permanent representative · Director appointment
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €469k
Net result €469k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
12-03
State Gazette act
Written shareholder decision · Director resignation
Director appointment · Mandate compensation
2020
31-12
Financial
Back to profitnet €14.22M
Net result €14.22M after one loss-making year.
31-12
Financial
Equity above €10MEq €17.97M ▲132%
Equity rises from €7.75M to €17.97M.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-3.77M ▼331%
Net result drops to €-3.77M, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
16-05
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
09-11
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Gent · 1 establishment unit since 2016
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.
Gaston Crommenlaan 149050 GentGround area
1.9 ha
Building footprint
8,006 m²
Parcel 44032A0472/00R003, Flanders. Linked by address, not a title deed.
1 establishment unit
Codit holding
since 20162.257.409.536
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 8,006 m² | - |
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.
Structure & network
Ownership & control
1 partyCodit holdingBE 0662.946.401
controls
Where this company holds controlthis company sits on their board1
1 location
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 5,042 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2016
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.