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 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Late annual account NBB
Fiscal year 2025 was filed 225 days after the legal deadline.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
CODIC BELGIQUE - CODIC BELGIE from Ukkel, company number BE0473019015, closed financial year 2025 with a result of € -34.5 million after tax. For that financial year CODIC BELGIQUE - CODIC BELGIE recorded revenue of € 684,863 and equity of € -26 million. Compared with financial year 2024, the result moved from € -17.7 million to € -34.5 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 July 13, 2026.
€ -26 million
▼ € 34.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34.5 million
▼ 95 % more loss than in 2024
Profit after tax over the fiscal year.
€ 341,972
▼ 96% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -38.6 million.
People and assets in 2025
10.8
▼ 1.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.3 million
▼ 10% vs 2024
€ 121,600 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.
€ 125,427
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 30.2 million
▲ 185% vs 2024
Loans from banks and other lenders, long and short.
€ 3.2 million
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 636 days on average.
€ 1.9 million
▲ € 1.7 million vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 10,821,658 | € 4,646,647 | € 2,680,056 | € 684,863 | ▼ 74% |
| Profit after taxes | € 328,590 | € 3,015,379 | € -17,653,391 | € -34,497,808 | ▼ € 16.8 million |
| Equity | € 23,146,437 | € 26,161,816 | € 8,507,828 | € -25,989,980 | ▼ € 34.5 million |
| Total debts | € 30,542,883 | € 38,778,820 | € 54,020,305 | € 64,431,017 | ▲ 19% |
| Cash | € 7,904,122 | € 8,829,292 | € 9,507,497 | € 341,972 | ▼ 96% |
| Retained profit | € 10,582,369 | € 13,597,748 | € -4,056,240 | € -38,554,048 | ▼ € 34.5 million |
| Bank debt | € 10,600,000 | € 10,600,000 | € 10,600,000 | € 30,207,669 | ▲ 185% |
| Balance sheet total | € 53,795,820 | € 65,047,136 | € 63,549,393 | € 39,462,297 | ▼ 38% |
| Employees (FTE) | 12.6 | 12.5 | 12.7 | 10.8 | ▼ 1.9 |
Key figures of CODIC BELGIQUE - CODIC BELGIE, 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 November 2026.
What happened to CODIC BELGIQUE - CODIC BELGIE?
What happened at CODIC BELGIQUE - CODIC BELGIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CODIC BELGIQUE - CODIC BELGIE is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- Vincent Beck stepped down as director. NBB
- Christophe Jacobs SRL SRL stepped down as director. NBB
- Hervé Bodin stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34.5 million. filed late Source: NBB ↗
- Christophe Jacobs SRL SRL became a director. NBB
- Hervé Bodin became a director. NBB
- Vincent Beck became a director. NBB
- New establishment in Brussel. KBO
In short
From € 328,590 profit in 2022 to € 34.5 million loss in 2025.
Paid € 6,145 in corporate taxes since 2022.
Best year ever: 2023, with € 3 million profit.
A new publication or filing at CODIC BELGIQUE - CODIC BELGIE? 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 CODIC INTERNATIONAL, SOCIETE FINANCIERE CODIC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CODIC BELGIQUE - CODIC BELGIEThe shares are held by CODIC INTERNATIONAL (100%) and SOCIETE FINANCIERE CODIC (0.1%). It owns 99% of EOS Development, 99% of Boreas Development, 2% of Global Invest 2016, 1% of Codic Promocion Espagne SL, 1% of Codic Luxembourg and Financiere Codic SA itself.
Directors
According to the 2025 annual accounts
Director · represented by Christopher Jacobs
Also active at: SOCIETE FINANCIERE CODIC, Socaré Offices, Socaré, Chancelier RE Invest, Codic Invest RE B, Tage Invest, BOREAS DEVELOPMENT, EOS DEVELOPMENT
since 2025 · until 2027
Hervé Bodin
Director
since 2025 · until 2027
since 2024 · until 2029
Shareholders
Participations
99%
Global Invest 2016
2%
Codic Promocion Espagne SL
1%
Codic Luxembourg
1%
Establishments
Establishment units
Physical locations of this company
Vossendreef 4 box 14
1180 Ukkel
Terhulpsesteenweg 120
1000 Brussel
Active since 10 November 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →DISPOSABLE LHB
ROMIVAL
€ 49,043 gross margin · 2025
ASSOCATION INTERNATIONALE POUR LE BON USAGE DU MULTIMEDIA DANS LA FORMATION DU CITOYEN EUROPEEN
MICHEL FORGES AVOCAT
€ 133,081 gross margin · 2025
AMERCOEUR INVESTMENTS
€ -1,329 gross margin · 2021
+2 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
- 0473.019.015
- VAT number
- BE 0473.019.015
- Registered office
- Vossendreef 4 bus 14, 1180 Ukkel
- Names & denominations
- CODIC BELGIQUE - CODIC BELGIE · CODIC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 12 October 2000
- Peppol
- Active · Active since 16 Feb 2026
- Activities · NACE
Ontwikkeling van niet-residentiële bouwprojecten
Projectontwikkeling voor kantoorbouw
Projectontwikkeling voor woningbouw
Ontwikkeling van residentiële bouwprojecten
Handel in onroerend goed
Projectontwikkeling voor infrastructuurwerken
Handel in eigen onroerend goed