What does KODDAERT do?

KODDAERT is a wholesaler in Koekelare. Public Limited, started on 27 June 1986, 1 establishment.

What is the address of KODDAERT?

The registered office of KODDAERT is located at Ambachtenstraat 1, 8680 Koekelare.

Is KODDAERT still active?

Yes. According to the CBE (29 October 2026) KODDAERT is active, legal situation “Normale toestand”, started on 27 June 1986.

Is KODDAERT registered on Peppol?

Yes, KODDAERT is registered on the Peppol network with ID 0208:0429255385.

What is the enterprise number of KODDAERT?

The enterprise number of KODDAERT is BE0429255385.

When was KODDAERT founded?

KODDAERT was founded on 27 June 1986.

Who are the directors of KODDAERT?

According to the 2025 annual accounts, the directors of KODDAERT are: Greet Heynderick, Barabaaas CommV..

Is KODDAERT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 27 June 1986; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did KODDAERT make in 2025?

KODDAERT recorded a loss after taxes of € 868,321 in financial year 2025.

What is the revenue of KODDAERT?

In its most recent annual accounts (2025), KODDAERT reported revenue of € 33,649,513.

How much does an employee at KODDAERT earn?

The average wage cost per full-time employee at KODDAERT was € 88,000 in 2025: staff costs of € 2.3 million for 25.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does KODDAERT have?

According to the 2025 annual accounts, KODDAERT has 25.6 full-time equivalents (FTE).

Does KODDAERT have a website?

Yes, KODDAERT has a website at koddaert.com.

KODDAERT (Public Limited) - Koekelare - BE0429255385

Dossier KODDAERT, printed on 29 October 2026 from databakkes.be/en/0429255385/koddaert. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Two loss years in a row NBB

Negative result in 2024 and 2025.
Tight liquidity NBB

Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

KODDAERT from Koekelare, company number BE0429255385, closed financial year 2025 with a result of € -868,321 after tax. For that financial year KODDAERT recorded revenue of € 33.6 million and equity of € 11.9 million. Compared with financial year 2024, the result moved from € -1.5 million to € -868,321. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 7, 2026.

What it is worth Healthy

€ 11.9 million

▼ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -868,321

▲ 40 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.6 million

▲ 53% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 6.7 million.

People and assets in 2025

Full-time equivalents

25.6

▲ 0.6 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 4.6 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.3 million

▲ 11% vs 2024

€ 88,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 432,154

▲ 83% vs 2024

Of which on lease € 279,502.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 10.8 million

▼ 13% vs 2024

€ 89,803 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 3.3 million

▼ 26% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 38 days on average.

Taxes and wages

€ 202,922

▲ 12% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 102,097,572 Revenue 2022: € 102,097,572 First fiscal year in the series	€ 45,441,752 Revenue 2023: € 45,441,752 ▼ 55% vs 2022 (€ 102,097,572) Unfavourable step	€ 33,254,412 Revenue 2024: € 33,254,412 ▼ 27% vs 2023 (€ 45,441,752) Unfavourable step	€ 33,649,513 Revenue 2025: € 33,649,513 ▲ 1% vs 2024 (€ 33,254,412) Favourable step	▲ 1%
Profit after taxes	€ 1,342,868 Profit after taxes 2022: € 1,342,868 First fiscal year in the series	€ -973,373 Profit after taxes 2023: € -973,373 ▼ € 2.3 million vs 2022 (€ 1,342,868) Unfavourable step	€ -1,455,559 Profit after taxes 2024: € -1,455,559 ▼ € 482,186 vs 2023 (€ -973,373) Unfavourable step	€ -868,321 Profit after taxes 2025: € -868,321 ▲ € 587,238 vs 2024 (€ -1,455,559) Favourable step	▲ € 587,238
Equity	€ 16,041,745 Equity 2022: € 16,041,745 First fiscal year in the series	€ 14,188,372 Equity 2023: € 14,188,372 ▼ 12% vs 2022 (€ 16,041,745) Unfavourable step	€ 12,732,813 Equity 2024: € 12,732,813 ▼ 10% vs 2023 (€ 14,188,372) Unfavourable step	€ 11,864,492 Equity 2025: € 11,864,492 ▼ 7% vs 2024 (€ 12,732,813) Unfavourable step	▼ 7%
Total debts	€ 25,513,291 Total debts 2022: € 25,513,291 First fiscal year in the series	€ 16,951,017 Total debts 2023: € 16,951,017 ▼ 34% vs 2022 (€ 25,513,291) Favourable step	€ 18,393,015 Total debts 2024: € 18,393,015 ▲ 9% vs 2023 (€ 16,951,017) Unfavourable step	€ 15,398,768 Total debts 2025: € 15,398,768 ▼ 16% vs 2024 (€ 18,393,015) Favourable step	▼ 16%
Cash	€ 1,290,196 Cash 2022: € 1,290,196 First fiscal year in the series	€ 1,009,802 Cash 2023: € 1,009,802 ▼ 22% vs 2022 (€ 1,290,196) Unfavourable step	€ 1,031,606 Cash 2024: € 1,031,606 ▲ 2% vs 2023 (€ 1,009,802) Favourable step	€ 1,580,914 Cash 2025: € 1,580,914 ▲ 53% vs 2024 (€ 1,031,606) Favourable step	▲ 53%
Land & buildings	€ 4,134,880 Land & buildings 2022: € 4,134,880 First fiscal year in the series	€ 4,020,042 Land & buildings 2023: € 4,020,042 ▼ 3% vs 2022 (€ 4,134,880) Unchanged	€ 3,866,089 Land & buildings 2024: € 3,866,089 ▼ 4% vs 2023 (€ 4,020,042) Unchanged	€ 3,731,886 Land & buildings 2025: € 3,731,886 ▼ 3% vs 2024 (€ 3,866,089) Unchanged	▼ 3%
Retained profit	€ 10,862,868 Retained profit 2022: € 10,862,868 First fiscal year in the series	€ 9,009,495 Retained profit 2023: € 9,009,495 ▼ 17% vs 2022 (€ 10,862,868) Unfavourable step	€ 7,553,936 Retained profit 2024: € 7,553,936 ▼ 16% vs 2023 (€ 9,009,495) Unfavourable step	€ 6,685,615 Retained profit 2025: € 6,685,615 ▼ 11% vs 2024 (€ 7,553,936) Unfavourable step	▼ 11%
Dividend	€ 750,000 Dividend 2022: € 750,000 First fiscal year in the series	€ 880,000 Dividend 2023: € 880,000 ▲ 17% vs 2022 (€ 750,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 880,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 16,182,417 Bank debt 2022: € 16,182,417 First fiscal year in the series	€ 13,018,720 Bank debt 2023: € 13,018,720 ▼ 20% vs 2022 (€ 16,182,417) Favourable step	€ 12,396,249 Bank debt 2024: € 12,396,249 ▼ 5% vs 2023 (€ 13,018,720) Favourable step	€ 10,816,204 Bank debt 2025: € 10,816,204 ▼ 13% vs 2024 (€ 12,396,249) Favourable step	▼ 13%
Balance sheet total	€ 41,555,036 Balance sheet total 2022: € 41,555,036 First fiscal year in the series	€ 32,123,358 Balance sheet total 2023: € 32,123,358 ▼ 23% vs 2022 (€ 41,555,036) Unchanged	€ 32,109,797 Balance sheet total 2024: € 32,109,797 Unchanged (€ 32,123,358) Unchanged	€ 28,199,379 Balance sheet total 2025: € 28,199,379 ▼ 12% vs 2024 (€ 32,109,797) Unchanged	▼ 12%
Employees (FTE)	22.4 Employees (FTE) 2022: 22.4 First fiscal year in the series	25.1 Employees (FTE) 2023: 25.1 ▲ 2.7 vs 2022 (22.4) Unchanged	25 Employees (FTE) 2024: 25 ▼ 0.1 vs 2023 (25.1) Unchanged	25.6 Employees (FTE) 2025: 25.6 ▲ 0.6 vs 2024 (25) Unchanged	▲ 0.6

Key figures of KODDAERT, 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 KODDAERT?

What happened at KODDAERT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Greet Heynderick stepped down as director. NBB
2030 Barabaaas CommV. stepped down as director. NBB
May 7, 2026 New annual accounts for financial year 2025: loss of € 868,321. Source: NBB ↗
2025 Greet Heynderick became a director. NBB
2025 Barabaaas CommV. became a director. NBB
Sep 15, 1986 New establishment in Koekelare. KBO
Jun 27, 1986 Start of the company according to the CBE. KBO

In short

From € 1.3 million profit in 2022 to € 868,321 loss in 2025.

Paid € 552,239 in corporate taxes since 2022.

Best year ever: 2022, with € 1.3 million profit.

Paid out € 1.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

MOUNT OLYMPUS 100%

The stake of MOUNT OLYMPUS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

KODDAERT

Koddaert USA inc. 100%

The shares are held by MOUNT OLYMPUS (100%). It owns 100% of Koddaert USA inc. itself.

Directors

According to the 2025 annual accounts

Greet Heynderick

Director

Also active at: MOUNT OLYMPUS

since 2025 · until 2030

Barabaaas CommV.

Managing director · represented by Bert Heynderick

Also active at: MOUNT OLYMPUS

since 2025 · until 2030

Shareholders

MOUNT OLYMPUS

100%

Participations

Koddaert USA inc.

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Ambachtenstraat 1

8680 Koekelare

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

MOUNT OLYMPUS same network

€ 242,182 revenue · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS koddaert.com

Canonical: https://www.koddaert.com/

Technologies

Adobe FontsDrupalGoogle Tag ManagerNginx

Hosting & Email

Email provider

Microsoft 365

Hosting

COMBELL-AS, BE

Domain

koddaert.com

Registered

1998-10-14

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-10-13

Website info

HTTPS Ja

Indexable pages 1,004

Languages AR, CH, DA, DE, EN, ES, FR, NL, PT, RU, TR

Features

Ads

Security

✓ HTTPS

✓ SPF

✓ DMARC

Details

Company number

0429.255.385

VAT number

BE 0429.255.385

Registered office

Ambachtenstraat 1, 8680 Koekelare

Names & denominations

KODDAERT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

27 June 1986

Peppol

Active · Active since 21 Oct 2026

Contact

koddaert.com [email protected]

Activities · NACE

Groothandel in metalen en metaalertsen

Groothandel in machines voor de mijnbouw, de bouwnijverheid en de weg- en waterbouw

Groothandel in ijzerwaren

Groothandel in machines voor mijnbouw, de bouwnijverheid en de weg- en waterbouw

View on CBE Public ↗ Annual accounts (NBB) ↗

KODDAERT

Warning lights

Financials

What happened to KODDAERT?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

Hosting & Email

Domain

Website info

Features

Security

Details

Frequently asked questions