Financials
Financial year 2025
CODIT from Gent, company number BE0471349823, closed financial year 2025 with a result of € -3,176 after tax. For that financial year CODIT recorded revenue of € 14.4 million and equity of € 3.8 million. Compared with financial year 2024, the result moved from € 516,444 to € -3,176. 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 June 22, 2026.
€ 3.8 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,176
▼ still € 516,444 profit in 2024
Profit after tax over the fiscal year.
€ 3.1 million
▲ € 3.1 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 3.8 million.
People and assets in 2025
54.1
▼ 7.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 4.9 million
▼ 11% vs 2024
€ 90,800 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.5 million
▲ 102% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 730,393
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,616,525 | € 13,533,756 | € 13,531,519 | € 14,359,839 | ▲ 6% |
| Profit after taxes | € 1,139,110 | € 1,318,604 | € 516,444 | € -3,176 | ▼ € 519,620 |
| Equity | € 1,942,183 | € 3,260,787 | € 3,777,231 | € 3,774,055 | |
| Total debts | € 2,629,167 | € 2,255,708 | € 1,689,903 | € 2,379,339 | ▲ 41% |
| Cash | € 1,984 | € 64 | € 2,954 | € 3,085,314 | ▲ € 3.1 million |
| Retained profit | € 1,923,433 | € 3,242,037 | € 3,758,481 | € 3,755,305 | |
| Dividend | € 1,000,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 4,571,350 | € 5,516,495 | € 5,467,134 | € 6,153,395 | ▲ 13% |
| Employees (FTE) | 57.2 | 56.6 | 61.9 | 54.1 | ▼ 7.8 |
Key figures of CODIT, 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 CODIT?
What happened at CODIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,176 (▼ € 519,620 vs 2024). Source: NBB ↗
- Leo Eelen became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 3,176 loss in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.3 million profit.
Paid out € 1 million in dividends to the owners in total.
Management
Behind CODIT are Leo Eelen and Codit Holding BV. The shares are held by Codit Holding (99.9%) and Codit Managed Services (0.1%).
Directors
According to the 2025 annual accounts
Leo Eelen
Director
Also active at: Wolters Kluwer Financial Services Belgium, Codit holding, CODIT MANAGED SERVICES
since 2024
Director · represented by Yashfeen Saiyid
Shareholders
99.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gaston Crommenlaan 14 box 301
9050 Gent
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 →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0471.349.823
- VAT number
- BE 0471.349.823
- Registered office
- Gaston Crommenlaan 14 bus 301, 9050 Gent
- Names & denominations
- CODIT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2000
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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