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.
Financials
Financial year 2025
CODELPA from Ukkel, company number BE0435461803, closed financial year 2025 with a result of € -123,400 after tax. For that financial year CODELPA recorded a gross margin of € 60,157 and equity of € 3.8 million. Compared with financial year 2024, the result moved from € -120,871 to € -123,400. 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 July 1, 2026.
€ 3.8 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -123,400
▼ 2 % more loss than in 2024
Profit after tax over the fiscal year.
€ 738,415
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.7 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.3 million
Loans from banks and other lenders, long and short.
€ 7,596
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 89,473 | € 86,216 | € 87,477 | € 60,157 | ▼ 31% |
| Profit after taxes | € 1,318,179 | € 669,443 | € -120,871 | € -123,400 | ▼ € 2,529 |
| Equity | € 3,388,078 | € 4,057,521 | € 3,936,650 | € 3,813,249 | ▼ 3% |
| Total debts | € 2,079,138 | € 1,266,473 | € 1,277,542 | € 1,284,297 | ▲ 1% |
| Cash | € 1,426,585 | € 267,939 | € 1,257,785 | € 738,415 | ▼ 41% |
| Land & buildings | € 3,668,573 | € 3,714,646 | € 3,599,967 | € 3,494,305 | ▼ 3% |
| Retained profit | € 1,256,342 | € 1,925,785 | € 1,804,914 | € 1,681,513 | ▼ 7% |
| Dividend | € 4,500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,250,000 | € 1,250,000 | € 1,250,000 | € 1,250,000 | |
| Balance sheet total | € 5,679,054 | € 5,528,355 | € 5,411,077 | € 5,286,954 | ▼ 2% |
Key figures of CODELPA, 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 CODELPA?
What happened at CODELPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jean-Jacques DELORI stepped down as director. NBB
- Benoit DELORI stepped down as director. NBB
- Nathalie DELORI stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 123,400. Source: NBB ↗
- Jean-Jacques DELORI became a director. NBB
- Benoit DELORI became a director. NBB
- Nathalie DELORI became a director. NBB
- New establishment in Ukkel. KBO
In short
From € 1.3 million profit in 2022 to € 123,400 loss in 2025.
Paid € 0 in corporate taxes since 2022.
Best year ever: 2022, with € 1.3 million profit.
Paid out € 4.5 million in dividends to the owners in total.
A new publication or filing at CODELPA? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of DELORI CAPITAL PARTNERS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CODELPAThe shares are held by DELORI CAPITAL PARTNERS (33%). It owns 50% of Ghent Industrial Investment , en abrégé G2 i itself.
Directors
According to the 2025 annual accounts
Jean-Jacques DELORI
Director
Also active at: Charbonnages de Maurage, GOLF D'HULENCOURT, GHENT INDUSTRIAL INVESTMENT, HEALTH ECONOMICS PRIVAK, TS.DCP Privak, pricaf privée de droit belge, Lion Privak, DELCAP, Delcap Private Investments +4 more
since 2024 · until 2030
Benoit DELORI
Director
since 2024 · until 2030
Nathalie DELORI
Director
since 2024 · until 2030
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Maarschalk Neylaan 16 box 3
1180 Ukkel
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.461.803
- VAT number
- BE 0435.461.803
- Registered office
- Maarschalk Neylaan 16 bus 3, 1180 Ukkel
- Names & denominations
- CODELPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 1988
- Peppol
- Active · Active since 29 Oct 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen