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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Tight liquidity NBB
Cash and receivables cover 61 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
KODECAM from Ardooie, company number BE0479554934, closed financial year 2026 with a result of € 606,685 after tax. For that financial year KODECAM recorded a gross margin of € 929,116 and equity of € 2.9 million. Compared with financial year 2025, the result moved from € 702,553 to € 606,685. The company is profitable. 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 October 29, 2026.
€ 2.9 million
▲ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 606,685
▼ 14% vs 2025
Profit after tax over the fiscal year.
€ 149,375
▼ 73% vs 2025
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
49 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2026
0.5
Average over the fiscal year, from the social balance sheet.
€ 32,369
▲ 4% vs 2025
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 70,529
▼ 32% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 1,741
▼ 96% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 26,330
▲ 58% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 786,941 | € 904,970 | € 1,035,619 | € 929,116 | ▼ 10% |
| Profit after taxes | € 510,206 | € 607,307 | € 702,553 | € 606,685 | ▼ 14% |
| Equity | € 2,029,379 | € 2,518,087 | € 2,552,845 | € 2,859,530 | ▲ 12% |
| Total debts | € 97,726 | € 99,395 | € 259,257 | € 328,955 | ▲ 27% |
| Cash | € 1,069,871 | € 494,444 | € 561,908 | € 149,375 | ▼ 73% |
| Land & buildings | € 219,997 | € 202,243 | € 187,107 | € 171,972 | ▼ 8% |
| Retained profit | € 2,010,779 | € 2,500,474 | € 2,551,845 | € 2,858,530 | ▲ 12% |
| Dividend | € 0 | € 17,613 | € 651,182 | € 300,000 | ▼ 54% |
| Balance sheet total | € 2,127,106 | € 2,617,482 | € 2,812,102 | € 3,188,485 | ▲ 13% |
| Employees (FTE) | - | 0.5 | 0.5 | 0.5 |
Key figures of KODECAM, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to KODECAM?
What happened at KODECAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 606,685 (▼ 14% vs 2025). Source: NBB ↗
- Koen Decuypere became a director. NBB
- New establishment in Ardooie. KBO
- Start of the company according to the CBE. KBO
In short
From € 510,206 profit in 2023 to € 606,685 profit in 2026.
Paid € 1.1 million in corporate taxes since 2023.
Best year ever: 2025, with € 702,553 profit.
Paid out € 968,795 in dividends to the owners in total.
Management
Behind KODECAM is Koen Decuypere. Koen Decuypere is also behind INSTRUWELL and DC INVESTING.
Directors
According to the 2026 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Lijsterstraat 7
8850 Ardooie
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.554.934
- VAT number
- BE 0479.554.934
- Registered office
- Lijsterstraat 7, 8850 Ardooie
- Names & denominations
- KODECAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 2003
- Peppol
- Active · Active since 10 Jun 2025
- Contact
- [email protected]
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