CODEL
ActiveSummary
For CODEL, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €282k and a net result of €23k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 65% of 37953 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2024 are too old to assess current financial health.
Filing: One filing cycle is missing
Axes, FY 2024 · tick = 2023
Profitability76=
Solvency96▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
71.1%
Return on assets
5.7%
Age of the figures
27 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-06-2025 was due at the National Bank by 31-01-2026. Nothing is on record, 237 days later.
NBB · 10 filingsPosition against the passed deadline
30-06-2025 close31-01-2026 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 14-02-2025, 14 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
14 d late
2023
12 d late
2022
1 d early
2021
4 d early
2020
15 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€282k▲ 8.8%
2023 · €259k
2019: €262k
2020: €283k▲ +8.1% vs 2019
2021: €315k▲ +11.1% vs 2020highest in 6 years
2022: €264k▼ -16.0% vs 2021
2023: €259k▼ -1.9% vs 2022lowest in 6 years
2024: €282k▲ +8.8% vs 2023
2019 → 2024
Total assets
€396k▲ 0.2%
2023 · €395k
2019: €392k
2020: €394k▲ +0.5% vs 2019
2021: €425k▲ +7.7% vs 2020highest in 6 years
2022: €378k▼ -11.0% vs 2021lowest in 6 years
2023: €395k▲ +4.6% vs 2022
2024: €396k▲ +0.2% vs 2023
2019 → 2024
Net result
€23k▼ 6.5%
2023 · €24k
2019: €11klowest in 6 years
2020: €32k▲ +194% vs 2019
2021: €31k▼ -0.6% vs 2020
2022: €41k▲ +29.3% vs 2021highest in 6 years
2023: €24k▼ -40.4% vs 2022
2024: €23k▼ -6.5% vs 2023
2019 → 2024
Working capital
€121k▲ 7.1%
2023 · €113k
2019: €97klowest in 6 years
2020: €117k▲ +20.5% vs 2019
2021: €153k▲ +31.1% vs 2020highest in 6 years
2022: €108k▼ -29.4% vs 2021
2023: €113k▲ +4.6% vs 2022
2024: €121k▲ +7.1% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€283k-€315k▲ 11.1%€264k▼ 16.0%€259k▼ 1.9%€282k▲ 8.8%
2020: €283k
2021: €315k▲ +11.1% vs 2020highest in 5 years
2022: €264k▼ -16.0% vs 2021
2023: €259k▼ -1.9% vs 2022lowest in 5 years
2024: €282k▲ +8.8% vs 2023
Operating result€41k-€47k▲ 15.8%€60k▲ 27.1%€38k▼ 36.7%€36k▼ 6.2%
2020: €41k
2021: €47k▲ +15.8% vs 2020
2022: €60k▲ +27.1% vs 2021highest in 5 years
2023: €38k▼ -36.7% vs 2022
2024: €36k▼ -6.2% vs 2023lowest in 5 years
Net result€32k-€31k▼ 0.6%€41k▲ 29.3%€24k▼ 40.4%€23k▼ 6.5%
2020: €32k
2021: €31k▼ -0.6% vs 2020
2022: €41k▲ +29.3% vs 2021highest in 5 years
2023: €24k▼ -40.4% vs 2022
2024: €23k▼ -6.5% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 6% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €396k
Fixed assets
€162k ▲ 10.5%
Current assets
€234k ▼ 5.8%
Equity and liabilities €396k
Equity
€282k ▲ 8.8%
Debt
€114k ▼ 16.0%
Debt's share of the balance-sheet total falls from 34.4% to 28.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▼
2023 · €51k
Cash flow
€33k▼
2023 · €38k
Current ratio
2.07▲
2023 · 1.84
Debt to equity
0.41▼
2023 · 0.53
ROE
8.0%▼
2023 · 9.4%
ROA
5.7%▼
2023 · 6.1%
Interest coverage
24.07▼
2023 · 28.01
Debt ≤ 1 year
€113k▼
2023 · €135k
Income taxes
€15k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€395k€396k▲
Fixed assets21/28€147k€162k▲
Tangible fixed assets22/27€138k€129k▼
Land and buildings22€134k€126k▼
Plant, machinery and equipment23€1k€1k▲
Furniture and vehicles24€3k€2k▼
Financial fixed assets28€9k€34k▲
Current assets29/58€248k€234k▼
Amounts receivable after more than one year29€211k€191k▼
Other amounts receivable291€211k€191k▼
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€5k€8k▲
Other amounts receivable41€16k€18k▲
Current investments50/53€7k€6k▼
Cash at bank and in hand54/58€3k€5k▲
Deferred charges and accrued income490/1€6k€6k▼
Equity and liabilities
Total equity and liabilities10/49€395k€396k▲
Equity10/15€259k€282k▲
Contributions10/11€19k€19k=
Reserves13€240k€263k▲
Non-distributable reserves130/1€161k€183k▲
Reserves not available under the articles1311€2k€2k=
Other1319€159k€181k▲
Distributable reserves133€80k€80k=
Amounts payable17/49€136k€114k▼
Amounts payable within one year42/48€135k€113k▼
Trade debts44€15k€15k▲
Suppliers440/4€15k€15k▲
Taxes, remuneration and social security45€43k€48k▲
Taxes450/3€43k€48k▲
Other amounts payable47/48€78k€49k▼
Accrued charges and deferred income492/3€918€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€10k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€3k€4k▲
Gross operating margin9900€57k€53k▼
Operating profit (loss)9901€38k€36k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€41k€38k▼
Income taxes67/77€17k€15k▼
Profit (loss) for the period9904€24k€23k▼
Profit (loss) for the period to be appropriated9905€24k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€23k▼
Transfer from equity791/2€29k-
Transfer to equity691/2€24k€23k▼
To other reserves6921€24k€23k▼
Profit to be distributed694/7€29k-
Return on contributions (dividend)694€29k-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €13k | €10k | ▼ 23.4% |
| Other operating charges640/8 | - | - | €3k | €3k | €3k | ▲ 16.4% |
| Non-recurring operating charges66A | - | - | €2k | €3k | €4k | ▲ 30.2% |
| Gross operating margin9900 | €59k | €64k | €78k | €57k | €53k | ▼ 7.2% |
| Operating profit (loss)9901 | €41k | €47k | €60k | €38k | €36k | ▼ 6.2% |
| Financial income75/76B | - | - | €5k | €5k | €4k | ▼ 14.3% |
| Recurring financial income75 | €4k | €5k | €5k | €5k | €4k | ▼ 14.3% |
| Financial charges65/66B | - | - | €1k | €2k | €2k | ▲ 3.9% |
| Recurring financial charges65 | €2k | €3k | €1k | €2k | €2k | ▲ 3.9% |
| Profit (loss) for the period before taxes9903 | €43k | €49k | €64k | €41k | €38k | ▼ 7.6% |
| Income taxes67/77 | €11k | €17k | €23k | €17k | €15k | ▼ 9.2% |
| Profit (loss) for the period9904 | €32k | €31k | €41k | €24k | €23k | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €32k | €31k | €41k | €24k | €23k | ▼ 6.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €394k | €425k | €378k | €395k | €396k | ▲ 0.2% |
| Fixed assets21/28 | €166k | €161k | €156k | €147k | €162k | ▲ 10.5% |
| Tangible fixed assets22/27 | €166k | €153k | €147k | €138k | €129k | ▼ 6.9% |
| Land and buildings22 | - | - | €146k | €134k | €126k | ▼ 6.2% |
| Plant, machinery and equipment23 | - | - | €1k | €1k | €1k | ▲ 4.3% |
| Furniture and vehicles24 | - | - | €785 | €3k | €2k | ▼ 47.3% |
| Financial fixed assets28 | €124 | €9k | €9k | €9k | €34k | ▲ 286% |
| Current assets29/58 | €228k | €263k | €222k | €248k | €234k | ▼ 5.8% |
| Amounts receivable after more than one year29 | - | - | €175k | €211k | €191k | ▼ 9.5% |
| Other amounts receivable291 | - | - | €175k | €211k | €191k | ▼ 9.5% |
| Amounts receivable within one year40/41 | €22k | €43k | €29k | €21k | €26k | ▲ 22.1% |
| Trade receivables40 | - | - | €10k | €5k | €8k | ▲ 49.1% |
| Other amounts receivable41 | - | - | €19k | €16k | €18k | ▲ 13.2% |
| Current investments50/53 | €6k | €7k | €7k | €7k | €6k | ▼ 2.0% |
| Cash at bank and in hand54/58 | €3k | €2k | €4k | €3k | €5k | ▲ 42.6% |
| Deferred charges and accrued income490/1 | - | - | €7k | €6k | €6k | ▼ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €394k | €425k | €378k | €395k | €396k | ▲ 0.2% |
| Equity10/15 | €283k | €315k | €264k | €259k | €282k | ▲ 8.8% |
| Contributions10/11 | - | - | €19k | €19k | €19k | = |
| Reserves13 | €264k | €296k | €246k | €240k | €263k | ▲ 9.4% |
| Non-distributable reserves130/1 | - | - | €166k | €161k | €183k | ▲ 14.1% |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Other1319 | - | - | €164k | €159k | €181k | ▲ 14.3% |
| Distributable reserves133 | - | - | €80k | €80k | €80k | = |
| Amounts payable17/49 | €111k | €110k | €114k | €136k | €114k | ▼ 16.0% |
| Amounts payable within one year42/48 | €111k | €110k | €114k | €135k | €113k | ▼ 16.6% |
| Trade debts44 | €7k | €22k | €18k | €15k | €15k | ▲ 0.2% |
| Suppliers440/4 | - | - | €18k | €15k | €15k | ▲ 0.2% |
| Taxes, remuneration and social security45 | - | - | €48k | €43k | €48k | ▲ 13.7% |
| Taxes450/3 | - | - | €47k | €43k | €48k | ▲ 13.7% |
| Remuneration and social security454/9 | - | - | €750 | - | - | - |
| Other amounts payable47/48 | - | - | €48k | €78k | €49k | ▼ 36.4% |
| Accrued charges and deferred income492/3 | - | - | €60 | €918 | €2k | ▲ 82.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32k | €31k | €41k | €24k | €23k | ▼ 6.5% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €13k | €10k | ▼ 23.4% |
| Operating cash flow (approximation) | €45k | €45k | €54k | €38k | €33k | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €-8k | €-8k | €-4k | €-26k | ▼ 521% |
| Change in cash | - | €-2k | €2k | €-538 | €1k | ▲ 375% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €41k ▲29.3%
Operating result €60k, net result €41k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 15 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
01-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Jabbeke · 1 establishment unit since 1996
Ground area
1,680 m²
Building footprint
181 m²
Volume, LiDAR
997 m³
Parcel 31442C0656/00B000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grote Thems 116, 8490 Jabbeke
since 19962.079.123.239
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31442C0656/00B000 | Flanders | 1,680 m² | 1 · 181 m² | 8.4 m · 2 fl. |
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.
Recognitions · licences · registrations
Legal Entity Identifier
8945002HLU1LO8YLQI67
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,469 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 (pre-2019)
Founded20-08-1996
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
68310Real estate agency activities
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.