What does CODIPACK do?

CODIPACK is a wholesaler in Olen. Public Limited, started on 6 December 1990, 1 establishment.

What is the address of CODIPACK?

The registered office of CODIPACK is located at Industrielaan 8, 2250 Olen.

Is CODIPACK still active?

Yes. According to the CBE (29 October 2026) CODIPACK is active, legal situation “Normale toestand”, started on 6 December 1990.

Is CODIPACK registered on Peppol?

Yes, CODIPACK is registered on the Peppol network with ID 0208:0442051566.

What is the enterprise number of CODIPACK?

The enterprise number of CODIPACK is BE0442051566.

When was CODIPACK founded?

CODIPACK was founded on 6 December 1990.

Who are the directors of CODIPACK?

According to the 2025 annual accounts, the directors of CODIPACK are: IMBI BV, Imber BV.

Is CODIPACK a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 6 December 1990; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did CODIPACK make in 2025?

CODIPACK posted a profit after taxes of € 2,022,641 in financial year 2025.

What is the revenue of CODIPACK?

In its most recent annual accounts (2025), CODIPACK reported revenue of € 32,029,663.

How much does an employee at CODIPACK earn?

The average wage cost per full-time employee at CODIPACK was € 82,100 in 2025: staff costs of € 4.7 million for 56.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CODIPACK have?

According to the 2025 annual accounts, CODIPACK has 56.7 full-time equivalents (FTE).

CODIPACK (Public Limited) - Olen - BE0442051566

Dossier CODIPACK, printed on 29 October 2026 from databakkes.be/en/0442051566/codipack. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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

Figures corrected NBB

Corrected annual account filed for 2022.

Financials

Financial year 2025

CODIPACK from Olen, company number BE0442051566, closed financial year 2025 with a result of € 2 million after tax. For that financial year CODIPACK recorded revenue of € 32 million and equity of € 7.4 million. Compared with financial year 2024, the result moved from € 1.8 million to € 2 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 July 31, 2026.

What it is worth Growing

€ 7.4 million

▲ 14% vs 2024

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

Profit Growing

€ 2 million

▲ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 1.8 million

▲ 22% vs 2024

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

Where the profit goes Pays out

€ 1.1 million paid out

54 % of the profit went to the shareholders, mostly to IMBER (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

56.7

▲ 4.8 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: € 3.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 4.7 million

▲ 11% vs 2024

€ 82,100 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

€ 1.3 million

▼ 5% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 7 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.

€ 557,023

€ 65,592 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.

Owed to suppliers

€ 4.3 million

▲ 58% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.

Taxes and wages

€ 1.3 million

▼ 11% 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	€ 28,303,743 Revenue 2022: € 28,303,743 First fiscal year in the series	€ 28,467,124 Revenue 2023: € 28,467,124 ▲ 1% vs 2022 (€ 28,303,743) Favourable step	€ 29,898,060 Revenue 2024: € 29,898,060 ▲ 5% vs 2023 (€ 28,467,124) Favourable step	€ 32,029,663 Revenue 2025: € 32,029,663 ▲ 7% vs 2024 (€ 29,898,060) Favourable step	▲ 7%
Profit after taxes	€ 1,132,054 Profit after taxes 2022: € 1,132,054 First fiscal year in the series	€ 1,795,448 Profit after taxes 2023: € 1,795,448 ▲ 59% vs 2022 (€ 1,132,054) Favourable step	€ 1,820,212 Profit after taxes 2024: € 1,820,212 ▲ 1% vs 2023 (€ 1,795,448) Favourable step	€ 2,022,641 Profit after taxes 2025: € 2,022,641 ▲ 11% vs 2024 (€ 1,820,212) Favourable step	▲ 11%
Equity	€ 4,717,848 Equity 2022: € 4,717,848 First fiscal year in the series	€ 5,888,297 Equity 2023: € 5,888,297 ▲ 25% vs 2022 (€ 4,717,848) Favourable step	€ 6,508,509 Equity 2024: € 6,508,509 ▲ 11% vs 2023 (€ 5,888,297) Favourable step	€ 7,431,150 Equity 2025: € 7,431,150 ▲ 14% vs 2024 (€ 6,508,509) Favourable step	▲ 14%
Total debts	€ 8,454,217 Total debts 2022: € 8,454,217 First fiscal year in the series	€ 7,852,607 Total debts 2023: € 7,852,607 ▼ 7% vs 2022 (€ 8,454,217) Favourable step	€ 6,990,479 Total debts 2024: € 6,990,479 ▼ 11% vs 2023 (€ 7,852,607) Favourable step	€ 8,315,161 Total debts 2025: € 8,315,161 ▲ 19% vs 2024 (€ 6,990,479) Unfavourable step	▲ 19%
Cash	€ 1,493,064 Cash 2022: € 1,493,064 First fiscal year in the series	€ 1,936,380 Cash 2023: € 1,936,380 ▲ 30% vs 2022 (€ 1,493,064) Favourable step	€ 1,459,420 Cash 2024: € 1,459,420 ▼ 25% vs 2023 (€ 1,936,380) Unfavourable step	€ 1,775,520 Cash 2025: € 1,775,520 ▲ 22% vs 2024 (€ 1,459,420) Favourable step	▲ 22%
Retained profit	€ 4,621,004 Retained profit 2022: € 4,621,004 First fiscal year in the series	€ 5,791,452 Retained profit 2023: € 5,791,452 ▲ 25% vs 2022 (€ 4,621,004) Favourable step	€ 6,411,664 Retained profit 2024: € 6,411,664 ▲ 11% vs 2023 (€ 5,791,452) Favourable step	€ 7,334,305 Retained profit 2025: € 7,334,305 ▲ 14% vs 2024 (€ 6,411,664) Favourable step	▲ 14%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 625,000 Dividend 2023: € 625,000 Unchanged (€ 0) Unchanged	€ 1,200,000 Dividend 2024: € 1,200,000 ▲ 92% vs 2023 (€ 625,000) Unchanged	€ 1,100,000 Dividend 2025: € 1,100,000 ▼ 8% vs 2024 (€ 1,200,000) Unchanged	▼ 8%
Bank debt	€ 603,897 Bank debt 2022: € 603,897 First fiscal year in the series	€ 799,506 Bank debt 2023: € 799,506 ▲ 32% vs 2022 (€ 603,897) Unfavourable step	€ 555,568 Bank debt 2024: € 555,568 ▼ 31% vs 2023 (€ 799,506) Favourable step	€ 557,023 Bank debt 2025: € 557,023 Unchanged (€ 555,568) Unfavourable step
Balance sheet total	€ 13,172,066 Balance sheet total 2022: € 13,172,066 First fiscal year in the series	€ 13,740,903 Balance sheet total 2023: € 13,740,903 ▲ 4% vs 2022 (€ 13,172,066) Unchanged	€ 13,498,988 Balance sheet total 2024: € 13,498,988 ▼ 2% vs 2023 (€ 13,740,903) Unchanged	€ 15,746,310 Balance sheet total 2025: € 15,746,310 ▲ 17% vs 2024 (€ 13,498,988) Unchanged	▲ 17%
Employees (FTE)	54.3 Employees (FTE) 2022: 54.3 First fiscal year in the series	51.5 Employees (FTE) 2023: 51.5 ▼ 2.8 vs 2022 (54.3) Unchanged	51.9 Employees (FTE) 2024: 51.9 ▲ 0.4 vs 2023 (51.5) Unchanged	56.7 Employees (FTE) 2025: 56.7 ▲ 4.8 vs 2024 (51.9) Unchanged	▲ 4.8

Key figures of CODIPACK, 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 CODIPACK?

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

2031 Imber BV stepped down as director. NBB
2029 IMBI BV stepped down as director. NBB
Jul 31, 2026 New annual accounts for financial year 2025: profit of € 2 million (▲ 11% vs 2024). Source: NBB ↗
2025 Imber BV became a director. NBB
2023 IMBI BV became a director. NBB
Dec 17, 1990 New establishment in Olen. KBO
Dec 6, 1990 Start of the company according to the CBE. KBO

In short

From € 1.1 million profit in 2022 to € 2 million profit in 2025.

Paid € 2.6 million in corporate taxes since 2022.

Best year ever: 2025, with € 2 million profit.

Paid out € 2.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

IMBER 100%

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

CODIPACK

The shares are held by IMBER (100%).

Directors

According to the 2025 annual accounts

IMBI BV

Director · represented by Jonas Imberechts

Also active at: CPG INVEST, IMBER

since 2023 · until 2029

Imber BV

Managing director · represented by Imberechts Walter

since 2025 · until 2031

Shareholders

IMBER

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Industrielaan 8

2250 Olen

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 →

BTW-Eenheid Codipack

IMBI same network

€ 445,610 gross margin · 2025

FonsI

€ 31,879 gross margin · 2025

IMBER same network

€ 659,275 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

0442.051.566

VAT number

BE 0442.051.566

Registered office

Industrielaan 8, 2250 Olen

Names & denominations

CODIPACK

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

6 December 1990

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

CODIPACK

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Financials

What happened to CODIPACK?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions