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CODIT MANAGED SERVICES

Active
Gaston Crommenlaan 14 ·9050 Gent, Belgium
KBO/BCE: BE 0835.734.875
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Belgian State Gazette acts: 0 of 14 read
Age15 yrs
Board2
Real estate1 parcel · 1.9 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CODIT MANAGED SERVICES is 0.2% (very low). The 2025 annual accounts show equity of €182k and a net result of €-66k. Equity is shrinking by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 35% of 514 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

1 signal · with evidence
Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 22-06-2026 39 d early 2026-00181363
31-12-2024 31-07-2025 13-06-2025 48 d early 2025-00141203
31-12-2023 31-07-2024 20-06-2024 41 d early 2024-00144574
31-12-2022 31-07-2023 16-06-2023 45 d early 2023-00139286
31-12-2021 31-07-2022 17-06-2022 44 d early 2022-20069327
31-12-2020 31-07-2021 14-06-2021 47 d early 2021-19900232
31-12-2019 31-07-2020 12-06-2020 49 d early 2020-16200279
31-12-2018 31-07-2019 10-07-2019 21 d early 2019-31100313
31-12-2017 31-07-2018 29-06-2018 32 d early 2018-25400540
30-09-2016 30-04-2017 28-04-2017 2 d early 2017-10300418

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€2.75M
EBIT margin-3.7%
Net result€-66k+36.2%
Working capital€162k-30.1%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 22-06-2026 with the NBB · fiscal year 2025 · verkort
€-1.00M€0€1.00M€2.00M€3.00MOperating result 2021: €466k€466kNet result 2021: €314k€314kOperating result 2022: €305k€305kNet result 2022: €213k€213kOperating result 2023: €157k€157kNet result 2023: €106k€106kRevenue 2024: €2.75M€2.75MOperating result 2024: €-103k€-103kNet result 2024: €-103k€-103kOperating result 2025: €-37k€-37kNet result 2025: €-66k€-66k20212022202320242025
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Gross margin: stable across 8 fiscal years (±1.2%/year).
€500k€1.00M€1.50M€2.00M2026: €1.34M (€1.07M - €1.60M)2027: €1.35M (€929k - €1.78M)2028: €1.37M (€785k - €1.95M)2018: €1.07M2019: €1.08M2020: €1.33M2021: €1.48M2022: €1.46M2023: €1.40M2024: €1.10M2025: €1.24M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 28.9% 46.0%
better than 35% of 514 sector peers
Net result €-66k €54k
better than 5% of 514 sector peers
Equity €182k €216k
better than 45% of 514 sector peers
Gross operating margin €1.24M €97k
better than 95% of 514 sector peers
Staff costs €1.25M €139k
higher than 90% of 97 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P35
2020: P36 · n=4482021: P48 · n=5942022: P37 · n=8662023: P47 · n=11652024: P46 · n=13982025: P35 · n=5142020 2025
Stable position over 2020-2025 · n=448-1398
Net result P5
2020: P91 · n=4492021: P88 · n=5942022: P84 · n=8662023: P73 · n=11652024: P5 · n=13992025: P5 · n=5142020 2025
Weakening position over 2020-2025 · n=449-1399
Equity P45
2020: P54 · n=4492021: P62 · n=5942022: P60 · n=8662023: P68 · n=11662024: P60 · n=13992025: P45 · n=5142020 2025
Stable position over 2020-2025 · n=449-1399
Gross operating margin P95
2020: P95 · n=4482021: P95 · n=5912022: P95 · n=8612023: P95 · n=11592024: P95 · n=13982025: P95 · n=5142020 2025
Stable position over 2020-2025 · n=448-1398
Describes the position versus peers, not a forecast.
Revenue
€2.75M
- 18-25
EBITDA
€-18k
+77.7% 18-25
Net profit
€-66k
+36.2% 18-25
Cash flow
€-47k
+43.1% 18-25
Total assets
€631k
-1.7% 18-25
Equity
€182k
-26.4% 18-25
Working capital
€162k
-30.1% 18-25
Employees (FTE)
17
+8.3% 18-25
Show 14 other metrics
Staff costs
€1.25M
+5.9% 18-25
Income taxes
€3k
+24.0% 18-25
Dividends
€0
-100.0% 18-25
Debt
€449k
+13.9% 18-25
Debt ≤ 1y
€434k
+20.5% 18-25
Current ratio
1.37
-16.4% 18-25
Quick ratio
1.37
-16.4% 18-25
Solvency
28.9%
-25.2% 18-25
Debt / equity
2.46
+54.9% 18-25
ROE
-35.9%
+13.3% 18-25
ROA
-10.4%
+35.1% 18-25
Net margin
-3.7%
- 18-25
EBITDA margin
-3.0%
- 18-25
Interest coverage
-0.50
+87.8% 18-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€-18k
Net profit€-66k
Cash flow€-47k
Staff costs€1.25M
Income taxes€3k
Dividends-
Total assets€631k
Equity€182k
Debt€449k
of which ≤ 1y€434k
of which > 1y-
Working capital€162k
Employees (FTE)17.0
Ratios (computed)
2025
Current ratio1.37
Quick ratio1.37
Working capital ratio25.6%
Solvency28.9%
Debt / equity2.46
Long-term debt ratio-
Interest coverage-0.50
Gross margin-
Net margin-
ROA-10.4%
ROE-35.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€631k
Fixed assets 21/28€35k
Intangible fixed assets 21€23k
Tangible fixed assets 22/27€9k
Financial fixed assets 28€3k
Current assets 29/58€596k
Amounts receivable within one year 40/41€468k
Cash & bank 54/58€73k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€631k
Equity 10/15€182k
Contributions / capital 10/11€25k
Reserves 13€157k
Accumulated profits (losses) 14€0
Amounts payable 17/49€449k
Amounts payable within one year 42/48€434k
Trade debts payable within one year 44€286k
Income statement
Gross operating margin 9900€1.24M
Operating result 9901€-37k
Financial income 75€11k
Financial charges 65€36k
Result before taxes 9903€-63k
Income taxes 67/77€3k
Net result for the period 9904€-66k
Result to be appropriated 9905€-66k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
45 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

9 directors
14 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Leo Eelen
    Director
    State Gazette act 24139322 (26-09-2024)
    Current
    02-09-2024 → present
  • Yashfeen Saiyid
    Director
    State Gazette act 24139322 (26-09-2024)
    Current
    02-09-2024 → present
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Bart Watteeuw
    Manager
    State Gazette act 19066367 (16-05-2019)
    Not recently confirmed
    last confirmed in an act from 2019
Former directors (6)
  • Stijn Degrieck
    Manager
    State Gazette act 19066367 (16-05-2019)
    Former
    01-03-2019 → 02-09-2024
    2 events
    • 02-09-2024 Resigned· Director
    • 01-03-2019 Appointed· Manager
  • Nathalie Van Gompel
    Director
    State Gazette act 21052640 (30-04-2021)
    Former
    22-02-2021 → 22-11-2021
    2 events
    • 22-11-2021 Resigned· Director
    • 22-02-2021 Appointed· Director
  • Basok BVBALegal entity
    Manager
    State Gazette act 19066367 (16-05-2019)
    Former
    - → 01-03-2019
  • Db-Tech Comm.V.Legal entity
    Manager
    State Gazette act 19066367 (16-05-2019)
    Former
    - → 01-03-2019
  • Itelligent BVBALegal entity
    Manager
    State Gazette act 19066367 (16-05-2019)
    Former
    - → 01-03-2019
1 further former director in the mandate history. Available in Kantoor S. See plans →
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200)
Legal form Private limited company(610)
Incorporation20-04-2011
StatusActive
Postal code9050

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
4 companies at this address See who is registered here
Parcels1
Ground area1.9 ha
Buildings1
Building footprint8,006 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44032A0472/00R003 Flanders 1.9 ha 1 · 8,006 m² -
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

13 acts
Capital history · 1
15-09-2017
v3.2
Address history · 1
05-12-2016
v3.2
All acts · 13 updated 2 months ago
2026
29-05-2026 General meeting · Merger · Approval · Accounting effect Open-capture extraction·Tim CARNEWAL
  • Filing: 2026-05-20 · CODIT
  • Publication: 2026-05-29 · CODIT
  • General meeting: 2026-04-30 · CODIT
  • Merger: type: met fusie door overneming gelijkgestelde verrichting, legal_basis: artikel 12:7, 2° van het Wetboek van vennootschappen en verenigingen · CODIT
  • Approval: fusievoorstel · CODIT
  • Accounting effect: 2026-01-01 · CODIT MANAGED SERVICES
  • Merger: legal_effect_date: 2026-05-01 · CODIT
  • Power of attorney: formaliteiten · CODIT
  • Power of attorney: formaliteiten · CODIT
  • Power of attorney: formaliteiten · CODIT
  • Power of attorney: formaliteiten · CODIT
  • Act object: MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING VAN
Summary: General meeting · Merger · Approval · Accounting effectNotary: Tim CARNEWAL
29-05-2026 General meeting · Merger · Dissolution · Accounting effect Open-capture extraction·Tim CARNEWAL
  • Filing: 2026-05-20 · CODIT MANAGED SERVICES
  • Publication: 2026-05-29 · CODIT MANAGED SERVICES
  • General meeting: 2026-04-30 · CODIT MANAGED SERVICES
  • Merger: type: met fusie door overneming gelijkgestelde verrichting, legal_effect_date: 2026-05-01, accounting_effect_date: 2026-01-01 · CODIT MANAGED SERVICES
  • Dissolution: date: 2026-05-01, type: zonder vereffening · CODIT MANAGED SERVICES
  • Accounting effect: 2026-01-01 · CODIT MANAGED SERVICES
  • Power of attorney: date: 2026-04-30, purpose: formaliteiten bij een ondernemingsloket... inschrijving/aanpassing van de gegevens in de Kruispuntbank van Ondernemingen, granted_by: buitengewone algemene vergadering · CODIT MANAGED SERVICES
  • Power of attorney: date: 2026-04-30, purpose: formaliteiten bij een ondernemingsloket... inschrijving/aanpassing van de gegevens in de Kruispuntbank van Ondernemingen, granted_by: buitengewone algemene vergadering · CODIT MANAGED SERVICES
  • Power of attorney: date: 2026-04-30, purpose: formaliteiten bij een ondernemingsloket... inschrijving/aanpassing van de gegevens in de Kruispuntbank van Ondernemingen, granted_by: buitengewone algemene vergadering · CODIT MANAGED SERVICES
  • Power of attorney: date: 2026-04-30, purpose: formaliteiten bij een ondernemingsloket... inschrijving/aanpassing van de gegevens in de Kruispuntbank van Ondernemingen, granted_by: buitengewone algemene vergadering · CODIT MANAGED SERVICES
  • Notarial deed: 2026-04-30 · CODIT MANAGED SERVICES
  • Act object: MET FUSIE DOOR OVERNEMING GELIJKGESTELDE VERRICHTING DOOR
Summary: General meeting · Merger · Dissolution · Accounting effectNotary: Tim CARNEWAL
13-03-2026 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous
Summary: Fusion proposal
2025
03-09-2025 Fabio De Clercq reappointed as statutory auditor Director changes
  • Fabio De Clercq, Commissaris
Summary: v3.2
2024
26-09-2024 2 directors appointed, 1 resigning Director changes
  • Yashfeen Saiyid, Bestuurder
  • Leo Eelen, Bestuurder
  • Stijn Degrieck, Bestuurder
Summary: v3.2
08-02-2024 Publication in the Belgian Official Gazette, Minor change Minor change·Tim CARNEWAL
Summary: Statutes changeNotary: Tim CARNEWAL · BrusselFirm: BERQUIN NOTARISSEN
2022
23-12-2022 koen Neijens appointed as statutory auditor Director changes
  • koen Neijens, Commissaris
Summary: v3.2
11-07-2022 Nathalie Van Gompel resigns as director Director changes
  • Nathalie Van Gompel, Bestuurder
Summary: v3.2
2021
17-05-2021 Change in the board of directors Director changes
Summary: v3.2
30-04-2021 Nathalie Van Gompel appointed as director Director changes
  • Nathalie Van Gompel, Bestuurder
Summary: v3.2
2019
16-05-2019 3 directors appointed, 4 resigning Director changes
  • Bart Watteeuw, Zaakvoerder
  • Stijn Degrieck, Zaakvoerder
  • Deloitte Bedrijfsrevisoren BV ovve CVBA, Commissaris
  • Db-Tech Comm.V., Zaakvoerder
  • Marchitec Comm.V., Zaakvoerder
  • Basok BVBA, Zaakvoerder
  • Itelligent BVBA, Zaakvoerder
Summary: v3.2
2017
15-09-2017 Capital decrease of €225,000 to €25,000 Capital & shares
  • €250.000 → €25.000
Summary: v3.2
2016
05-12-2016 Registered office moved from Sint-Kruis-Winkel to Ledeberg Registered-office change
  • Skaldenstraat 7, 9042 Sint-Kruis-Winkel → Gaston Crommenlaan 14, 9050 Ledeberg
Summary: v3.2

Analysis

Financial profile

5 of 5 axes measured
Health45Profitability0Solvency53Growth32Stability100
46 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 45
Profitability 0
Solvency 53
Growth 32
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 15,465 of the 82,035 companies in this sector. 11,938 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Beheer van computerfaciliteiten62030Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Ontwerpen en programmeren van computerprogramma's62010Computerconsultancy-activiteiten62020Ontwerpen van computerprogramma’s62100Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
Legal nameNL CODIT MANAGED SERVICES
Registered office
Gaston Crommenlaan 14 bus /0301
9050 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.