Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CODEX from Koksijde, company number BE0462335850, closed financial year 2025 with a result of € 24,180 after tax. For that financial year CODEX recorded a gross margin of € 26,318 and equity of € -335,711. Compared with financial year 2024, the result moved from € -152,124 to € 24,180. Profitable, and profit is growing. 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 March 9, 2026.
€ -335,711
▲ € 24,180 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 24,180
▲ still € 152,124 loss in 2024
Profit after tax over the fiscal year.
€ 4,671
▲ € 4,473 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -397,684.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 21
Supplier invoices still open on the last day of the fiscal year.
€ 1,250
▲ 22% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 16,912 | € 13,012 | € 6,988 | € 26,318 | ▲ 277% |
| Profit after taxes | € 14,470 | € 10,421 | € -152,124 | € 24,180 | ▲ € 176,304 |
| Equity | € -218,187 | € -207,767 | € -359,891 | € -335,711 | ▲ € 24,180 |
| Total debts | € 386,709 | € 374,455 | € 370,139 | € 352,993 | ▼ 5% |
| Cash | € 2,112 | € 675 | € 198 | € 4,671 | ▲ € 4,473 |
| Retained profit | € -280,161 | € -269,740 | € -421,864 | € -397,684 | ▲ € 24,180 |
| Balance sheet total | € 168,521 | € 166,688 | € 10,248 | € 17,282 | ▲ 69% |
Key figures of CODEX, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to CODEX?
What happened at CODEX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Xeres stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 24,180. Source: NBB ↗
- Xeres became a director. NBB
- Luc Van Den Borre stepped down as director. NBB
- Luc Van Den Borre became a director. NBB
- New establishment in Koksijde. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,470 profit in 2022 to € 24,180 profit in 2025.
Paid € 1,266 in corporate taxes since 2022.
Best year ever: 2025, with € 24,180 profit.
Management
Establishments
Establishment units
Physical locations of this company
Zeedijk(Kok) 445 box 5b
8670 Koksijde
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
- 0462.335.850
- VAT number
- BE 0462.335.850
- Registered office
- Zeedijk(Kok) 445 bus 5b, 8670 Koksijde
- Names & denominations
- CODEX
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 January 1998
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings