Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2026; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
CODEMI from Sprimont, company number BE0423069260, closed financial year 2026 with a result of € 105,354 after tax. For that financial year CODEMI recorded a gross margin of € 198,328 and equity of € 1.7 million. Compared with financial year 2025, the result moved from € 64,138 to € 105,354. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 1.7 million
▲ 7% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 105,354
▲ 64% vs 2025
Profit after tax over the fiscal year.
€ 1,767
▲ 277% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 1.4 million.
Debts at end 2026
€ 982,000
▲ 52% vs 2025
Loans from banks and other lenders, long and short.
€ 15,003
▲ 17% vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 581,125 | € 150,079 | € 157,156 | € 198,328 | ▲ 26% |
| Profit after taxes | € -265,208 | € 50,519 | € 64,138 | € 105,354 | ▲ 64% |
| Equity | € 1,950,008 | € 2,000,527 | € 1,564,665 | € 1,670,019 | ▲ 7% |
| Total debts | € 894,896 | € 780,559 | € 1,157,871 | € 997,003 | ▼ 14% |
| Cash | € 9,212 | € 2,206 | € 469 | € 1,767 | ▲ 277% |
| Land & buildings | € 2,835,692 | € 2,778,880 | € 2,722,067 | € 2,665,255 | ▼ 2% |
| Retained profit | € 1,650,008 | € 1,700,527 | € 1,264,665 | € 1,370,019 | ▲ 8% |
| Dividend | € 0 | € 0 | € 500,000 | € 0 | ▼ 100% |
| Bank debt | € 870,000 | € 760,000 | € 645,000 | € 982,000 | ▲ 52% |
| Balance sheet total | € 2,844,904 | € 2,781,086 | € 2,722,536 | € 2,667,022 | ▼ 2% |
Key figures of CODEMI, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to CODEMI?
What happened at CODEMI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 105,354 (▲ 64% vs 2025). Source: NBB ↗
- New establishment in Sprimont. KBO
- Start of the company according to the CBE. KBO
In short
From € 265,208 loss in 2023 to € 105,354 profit in 2026.
Best year ever: 2026, with € 105,354 profit.
Paid out € 500,000 in dividends to the owners in total.
Management
Behind CODEMI are Gérald NOIRFALISSE, Jean-Luc NOIRFALISSE and Philippe NOIRFALISSE. The same people are also behind Les Magasins Noirfalisse, Noirfalisse Distribution, TARCEL Entreprises, AMAY DISTRIBUTION and BEAUTY CITY. Gérald NOIRFALISSE is also behind FONVAL and FONVIM. Jean-Luc NOIRFALISSE is also behind FONVIM.
Directors
According to the 2026 annual accounts
Gérald NOIRFALISSE
Managing director
Also active at: Les Magasins Noirfalisse, Noirfalisse Distribution, TARCEL Entreprises, AMAY DISTRIBUTION, FONVAL, BEAUTY CITY, FONVIM
Jean-Luc NOIRFALISSE
Director
Also active at: Les Magasins Noirfalisse, Noirfalisse Distribution, TARCEL Entreprises, AMAY DISTRIBUTION, BEAUTY CITY, FONVIM
Philippe NOIRFALISSE
Director
Also active at: Les Magasins Noirfalisse, Noirfalisse Distribution, TARCEL Entreprises, AMAY DISTRIBUTION, BEAUTY CITY
Establishments
Establishment units
Physical locations of this company
Rue de la Gendarmerie(LVG) 15
4141 Sprimont
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.069.260
- VAT number
- BE 0423.069.260
- Registered office
- Rue de la Gendarmerie(LVG) 15, 4141 Sprimont
- Names & denominations
- CODEMI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 September 1982
- Peppol
- Not registered