Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
47 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
CODIC INTERNATIONAL from Brussel, company number BE0448424367, closed financial year 2024 with a result of € -137.3 million after tax. For that financial year CODIC INTERNATIONAL recorded revenue of € 3.7 million and equity of € -29.6 million. Compared with financial year 2023, the result moved from € 4.2 million to € -137.3 million. The company made a loss. 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 November 29, 2024.
€ -29.6 million
▼ € 137.3 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -137.3 million
▼ still € 4.2 million profit in 2023
Profit after tax over the fiscal year.
€ 3.4 million
▼ 59% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38.1 million.
Debts at end 2024
€ 143.6 million
▲ 5% vs 2023
€ 56.7 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 706,786
▲ 45% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 124 days on average.
€ 24,366
▼ 90% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 1,789,779 | € 3,859,623 | € 3,732,397 | ▼ 3% |
| Profit after taxes | € 42,467,203 | € 4,191,620 | € -137,255,056 | ▼ € 141.4 million |
| Equity | € 105,010,756 | € 107,640,276 | € -29,614,780 | ▼ € 137.3 million |
| Total debts | € 165,388,495 | € 170,289,613 | € 164,876,333 | ▼ 3% |
| Cash | € 2,262,225 | € 8,304,096 | € 3,434,007 | ▼ 59% |
| Retained profit | € 96,484,666 | € 99,114,186 | € -38,140,870 | ▼ € 137.3 million |
| Dividend | € 4,061,460 | € 1,562,100 | € 0 | ▼ 100% |
| Bank debt | € 151,593,375 | € 136,499,989 | € 143,600,931 | ▲ 5% |
| Balance sheet total | € 270,399,251 | € 277,929,890 | € 135,261,553 | ▼ 51% |
Key figures of CODIC INTERNATIONAL, fiscal years 2022 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 30 November 2025.
What happened to CODIC INTERNATIONAL?
What happened at CODIC INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CODIC INTERNATIONAL is active according to the CBE. Legal situation: Opening faillissement.
- Claude MAST stepped down as director. NBB
- Vincent Jean BECK stepped down as director. NBB
- Vincent Doumier SRL stepped down as director. NBB
- Christofer DESCOURS stepped down as director. NBB
- FRANCK - Henri HAGEGE stepped down as director. NBB
- Catherine Labbé épouse Parent du Châtelet stepped down as director. NBB
- Maurice GAUCHOT stepped down as director. NBB
- Hervé d'Halluin stepped down as director. NBB
In short
From € 42.5 million profit in 2022 to € 137.3 million loss in 2024.
Paid € 485,244 in corporate taxes since 2022.
Best year ever: 2022, with € 42.5 million profit.
Paid out € 5.6 million in dividends to the owners in total.
Management
The stake of EMABE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CODIC INTERNATIONALThe shares are held by EMABE INVEST (9.3%). It owns 100% of ROYAL HAMILIUS SA, 100% of CODIC HONGRIE, 100% of V48 Kft, 100% of CODIC ROUMANIE, 100% of CODIC Luxembourg and 100% of CODIC Belgique itself.
Directors
According to the 2024 annual accounts
since 2024 · until 2026
Director · represented by Vincent Doumier
Also active at: Etilux, LCEBE, B.B.L.C., CETIM PROJECTS, NOMAINVEST, JCMLA HOLDING, CETIM, COFIR
since 2020 · until 2026
Christofer DESCOURS
Director
since 2020 · until 2026
FRANCK - Henri HAGEGE
Director
since 2020 · until 2026
Thierry BEHIELS
Director
Also active at: SOCIETE FINANCIERE CODIC, CODIC BELGIQUE - CODIC BELGIE, EMABE INVEST, Fontaine Invest, BOREAS DEVELOPMENT, EOS DEVELOPMENT
since 2020 · until 2024
Catherine Labbé épouse Parent du Châtelet
Director
since 2023 · until 2026
Maurice GAUCHOT
Director
since 2020 · until 2026
Claude MAST
Director
since 2023 · until 2029
Bertrand JULIEN-LAFERRIERE
Director
since 2023 · until 2024
since 2020 · until 2026
Shareholders
9.3%
Participations
ROYAL HAMILIUS SA
100%
100%
V48 Kft
100%
100%
CODIC Luxembourg
100%
100%
CODIC FRANCE
100%
99.9%
Global Invest 2016
99%
CODIC PROMOCION ESPAGNE SL
99%
DG148 BETA Ingatlanhasznosito és Forgalmazo Kft
50%
SAS BAGNEUX BRIAND
50%
DG144 Ingatlanhasznosito es Forgalmazo Kft
50%
SAS BAGNIEUX VICTOR HUGO
50%
VERONA DEVELOPMENT
20%
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 120
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 47 companies are registered at this address.
All companies at this address →Herman Miller
Belgian Multihull Association
Nisard-Invest
SOCIETE FINANCIERE CODIC same network
€ -16,090 gross margin · 2024
DIRK VAN GERVEN
€ 745,672 gross margin · 2025
+42 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0448.424.367
- VAT number
- BE 0448.424.367
- Registered office
- Terhulpsesteenweg 120, 1000 Brussel
- Names & denominations
- CODIC INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 22 October 1992
- Peppol
- Not registered
- Activities · NACE
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