Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Codesco from Gembloux, company number BE0425984705, closed financial year 2025 with a result of € 2,148 after tax. For that financial year Codesco recorded a gross margin of € 4,253 and equity of € -126,341. Compared with financial year 2024, the result moved from € -12,408 to € 2,148. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 23, 2026.
€ -126,341
▲ € 2,149 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,148
▲ still € 12,408 loss in 2024
Profit after tax over the fiscal year.
€ 2,316
▲ € 2,075 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -233,341.
People and assets in 2025
€ 3,247
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,493
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,253 | € 14,027 | € -10,638 | € 4,253 | ▲ € 14,891 |
| Profit after taxes | € -11,365 | € 12,901 | € -12,408 | € 2,148 | ▲ € 14,556 |
| Equity | € -128,983 | € -116,082 | € -128,490 | € -126,341 | ▲ € 2,149 |
| Total debts | € 132,389 | € 131,045 | € 136,010 | € 135,759 | |
| Cash | € 861 | € 10,883 | € 241 | € 2,316 | ▲ € 2,075 |
| Retained profit | € -235,983 | € -223,082 | € -235,490 | € -233,341 | ▲ € 2,149 |
| Balance sheet total | € 3,406 | € 14,964 | € 7,521 | € 9,418 | ▲ 25% |
Key figures of Codesco, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Codesco?
What happened at Codesco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- José CORRO stepped down as director. NBB
- Marie DESSEAUX stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2,148. filed late Source: NBB ↗
- José CORRO became a director. NBB
- Marie DESSEAUX became a director. NBB
- New establishment in Vorst. KBO
- New establishment in Gembloux. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,365 loss in 2022 to € 2,148 profit in 2025.
Best year ever: 2023, with € 12,901 profit.
Management
Directors
According to the 2025 annual accounts
José CORRO
Director
since 2026 · until 2032
Marie DESSEAUX
Director
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Rue de Saint-Martin, Mazy 3
5032 Gembloux
Wielemans Ceuppenslaan 46
1190 Vorst
Active since 6 August 2002
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0425.984.705
- VAT number
- BE 0425.984.705
- Registered office
- Rue de Saint-Martin, Mazy 3, 5032 Gembloux
- Names & denominations
- Codesco · Codesco Publishing
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1983
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
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Overige recreatie- en ontspanningsactiviteiten, neg
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