CODAN is a farm in Sint-Katelijne-Waver. Public Limited, started on 7 January 1987, 1 establishment.

What is the address of CODAN?

The registered office of CODAN is located at Kleuterstraat 33, 2860 Sint-Katelijne-Waver.

Is CODAN still active?

Yes. According to the CBE (29 October 2026) CODAN is active, legal situation “Normale toestand”, started on 7 January 1987.

Is CODAN registered on Peppol?

Yes, CODAN is registered on the Peppol network with ID 0208:0430222912.

What is the enterprise number of CODAN?

The enterprise number of CODAN is BE0430222912.

When was CODAN founded?

CODAN was founded on 7 January 1987.

Who are the directors of CODAN?

According to the 2024 annual accounts, the directors of CODAN are: IMUCO NV, MARC ANDRIES.

Is CODAN a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 January 1987; 5 annual accounts filed, latest fiscal year 2024; 2 directors known from the annual account.

How much profit did CODAN make in 2024?

CODAN posted a profit after taxes of € 1,512,025 in financial year 2024.

What is the revenue of CODAN?

As a small company, CODAN is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 1,428,552.

How much does an employee at CODAN earn?

The average wage cost per full-time employee at CODAN was € 35,700 in 2024: staff costs of € 74,949 for 2.1 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CODAN have?

According to the 2024 annual accounts, CODAN has 2.1 full-time equivalents (FTE).

CODAN (Public Limited) - Sint-Katelijne-Waver

Dossier CODAN, printed on 29 October 2026 from databakkes.be/en/0430222912/codan. 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.

Tight liquidity NBB

Cash and receivables cover 34 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

CODAN from Sint-Katelijne-Waver, company number BE0430222912, closed financial year 2024 with a result of € 1.5 million after tax. For that financial year CODAN recorded a gross margin of € 1.4 million and equity of € 6.3 million. Compared with financial year 2023, the result moved from € 289,187 to € 1.5 million. 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 September 30, 2025.

What it is worth Growing

€ 6.3 million

▲ 32% vs 2023

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

Profit Growing

€ 1.5 million

▲ € 1.2 million vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 610,969

▼ 1% vs 2023

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

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 5.4 million.

People and assets in 2024

Full-time equivalents

2.1

▲ 0.5 vs 2023

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

Wage cost

€ 74,949

▲ 39% vs 2023

€ 35,700 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

€ 165,848

▲ 40% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 5 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.

€ 294,395

▼ 16% vs 2023

€ 56,667 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 30,755

▲ 125% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 9,768

▼ 90% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 987,324 Gross margin 2021: € 987,324 First fiscal year in the series	€ 757,732 Gross margin 2022: € 757,732 ▼ 23% vs 2021 (€ 987,324) Unfavourable step	€ 210,518 Gross margin 2023: € 210,518 ▼ 72% vs 2022 (€ 757,732) Unfavourable step	€ 1,428,552 Gross margin 2024: € 1,428,552 ▲ € 1.2 million vs 2023 (€ 210,518) Favourable step	▲ € 1.2 million
Profit after taxes	€ 670,812 Profit after taxes 2021: € 670,812 First fiscal year in the series	€ 773,497 Profit after taxes 2022: € 773,497 ▲ 15% vs 2021 (€ 670,812) Favourable step	€ 289,187 Profit after taxes 2023: € 289,187 ▼ 63% vs 2022 (€ 773,497) Unfavourable step	€ 1,512,025 Profit after taxes 2024: € 1,512,025 ▲ € 1.2 million vs 2023 (€ 289,187) Favourable step	▲ € 1.2 million
Equity	€ 4,265,723 Equity 2021: € 4,265,723 First fiscal year in the series	€ 5,039,220 Equity 2022: € 5,039,220 ▲ 18% vs 2021 (€ 4,265,723) Favourable step	€ 4,758,363 Equity 2023: € 4,758,363 ▼ 6% vs 2022 (€ 5,039,220) Unfavourable step	€ 6,270,388 Equity 2024: € 6,270,388 ▲ 32% vs 2023 (€ 4,758,363) Favourable step	▲ 32%
Total debts	€ 1,033,170 Total debts 2021: € 1,033,170 First fiscal year in the series	€ 913,853 Total debts 2022: € 913,853 ▼ 12% vs 2021 (€ 1,033,170) Favourable step	€ 1,350,805 Total debts 2023: € 1,350,805 ▲ 48% vs 2022 (€ 913,853) Unfavourable step	€ 3,221,323 Total debts 2024: € 3,221,323 ▲ 138% vs 2023 (€ 1,350,805) Unfavourable step	▲ 138%
Cash	€ 495,580 Cash 2021: € 495,580 First fiscal year in the series	€ 1,327,455 Cash 2022: € 1,327,455 ▲ 168% vs 2021 (€ 495,580) Favourable step	€ 614,047 Cash 2023: € 614,047 ▼ 54% vs 2022 (€ 1,327,455) Unfavourable step	€ 610,969 Cash 2024: € 610,969 ▼ 1% vs 2023 (€ 614,047) Unfavourable step	▼ 1%
Land & buildings	€ 2,527,545 Land & buildings 2021: € 2,527,545 First fiscal year in the series	€ 2,458,482 Land & buildings 2022: € 2,458,482 ▼ 3% vs 2021 (€ 2,527,545) Unchanged	€ 2,578,033 Land & buildings 2023: € 2,578,033 ▲ 5% vs 2022 (€ 2,458,482) Unchanged	€ 1,986,363 Land & buildings 2024: € 1,986,363 ▼ 23% vs 2023 (€ 2,578,033) Unchanged	▼ 23%
Retained profit	€ 2,808,192 Retained profit 2021: € 2,808,192 First fiscal year in the series	€ 3,581,690 Retained profit 2022: € 3,581,690 ▲ 28% vs 2021 (€ 2,808,192) Favourable step	€ 3,870,876 Retained profit 2023: € 3,870,876 ▲ 8% vs 2022 (€ 3,581,690) Favourable step	€ 5,382,901 Retained profit 2024: € 5,382,901 ▲ 39% vs 2023 (€ 3,870,876) Favourable step	▲ 39%
Bank debt	€ 463,056 Bank debt 2021: € 463,056 First fiscal year in the series	€ 406,389 Bank debt 2022: € 406,389 ▼ 12% vs 2021 (€ 463,056) Favourable step	€ 349,722 Bank debt 2023: € 349,722 ▼ 14% vs 2022 (€ 406,389) Favourable step	€ 294,395 Bank debt 2024: € 294,395 ▼ 16% vs 2023 (€ 349,722) Favourable step	▼ 16%
Balance sheet total	€ 5,298,893 Balance sheet total 2021: € 5,298,893 First fiscal year in the series	€ 5,953,074 Balance sheet total 2022: € 5,953,074 ▲ 12% vs 2021 (€ 5,298,893) Unchanged	€ 6,109,168 Balance sheet total 2023: € 6,109,168 ▲ 3% vs 2022 (€ 5,953,074) Unchanged	€ 9,769,553 Balance sheet total 2024: € 9,769,553 ▲ 60% vs 2023 (€ 6,109,168) Unchanged	▲ 60%
Employees (FTE)	1.5 Employees (FTE) 2021: 1.5 First fiscal year in the series	1.5 Employees (FTE) 2022: 1.5 Unchanged (1.5) Unchanged	1.6 Employees (FTE) 2023: 1.6 ▲ 0.1 vs 2022 (1.5) Unchanged	2.1 Employees (FTE) 2024: 2.1 ▲ 0.5 vs 2023 (1.6) Unchanged	▲ 0.5

Key figures of CODAN, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to CODAN?

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

2029 IMUCO NV stepped down as director. NBB
2029 MARC ANDRIES stepped down as director. NBB
Sep 30, 2025 New annual accounts for financial year 2024: profit of € 1.5 million (▲ € 1.2 million vs 2023). filed late Source: NBB ↗
2023 IMUCO NV became a director. NBB
2023 MARC ANDRIES became a director. NBB
Jan 1, 2016 New establishment in Sint-Katelijne-Waver. KBO
Jan 7, 1987 Start of the company according to the CBE. KBO

In short

From € 670,812 profit in 2021 to € 1.5 million profit in 2024.

Paid € 532,573 in corporate taxes since 2021.

Best year ever: 2024, with € 1.5 million profit.

On average € 680,300 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

CODAN

STELLA BUSINESS PARK 50%

Belwood BO 40.1%

Country Style BO 40.1%

Mape Woods BO 40%

It owns 50% of STELLA BUSINESS PARK, 40.1% of Belwood BO, 40.1% of Country Style BO and 40% of Mape Woods BO itself.

Directors

According to the 2024 annual accounts

IMUCO NV

Director · represented by VERMEIREN INGRID

since 2023 · until 2029

MARC ANDRIES

Director

Also active at: IMUCO, Andries Racing Events

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Kleuterstraat 33

2860 Sint-Katelijne-Waver

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

IMUCO same network

€ -9,050 gross margin · 2024

Andries Racing Events same network

€ -78,274 gross margin · 2025

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

Details

Company number

0430.222.912

VAT number

BE 0430.222.912

Registered office

Kleuterstraat 33, 2860 Sint-Katelijne-Waver

Names & denominations

CODAN

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 January 1987

Peppol

Active · Active since 18 Feb 2025

Activities · NACE

Fokken en houden van paarden en andere paardachtigen

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Handelsbemiddeling in de groothandel in landbouwgrondstoffen, levende dieren en textielgrondstoffen en halffabricaten

Exploitatie van sportaccommodaties

Activiteiten van hoofdkantoren

Detailhandel in houten bouw- en tuinmaterialen

View on CBE Public ↗ Annual accounts (NBB) ↗

CODAN

Warning lights

Financials

What happened to CODAN?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions