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 62 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CODEN TRADE from Sprimont, company number BE0544759720, closed financial year 2025 with a result of € 76,755 after tax. For that financial year CODEN TRADE recorded a gross margin of € 431,497 and equity of € 631,069. Compared with financial year 2024, the result moved from € 29,644 to € 76,755. Profitable, and profit is growing. 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 June 1, 2026.
€ 631,069
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 76,755
▲ 159% vs 2024
Profit after tax over the fiscal year.
€ 120,504
▲ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 36,000 paid out
47 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
4.5
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 230,244
▲ 27% vs 2024
€ 51,200 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.
€ 82,034
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 203,334
▲ 32% vs 2024
€ 48,566 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 61,858
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 76,701
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 533,979 | € 543,518 | € 325,747 | € 431,497 | ▲ 32% |
| Profit after taxes | € 237,667 | € 224,616 | € 29,644 | € 76,755 | ▲ 159% |
| Equity | € 546,054 | € 560,670 | € 590,314 | € 631,069 | ▲ 7% |
| Total debts | € 506,149 | € 692,390 | € 499,346 | € 457,500 | ▼ 8% |
| Cash | € 88,543 | € 22,726 | € 98,455 | € 120,504 | ▲ 22% |
| Land & buildings | € 97,883 | € 109,355 | € 101,873 | € 99,317 | ▼ 3% |
| Retained profit | € 539,854 | € 554,470 | € 584,114 | € 624,869 | ▲ 7% |
| Dividend | € 50,000 | € 210,000 | € 0 | € 36,000 | |
| Bank debt | € 180,408 | € 316,679 | € 154,514 | € 203,334 | ▲ 32% |
| Balance sheet total | € 1,052,203 | € 1,253,060 | € 1,089,660 | € 1,088,569 | |
| Employees (FTE) | 4.1 | 3.4 | 3.8 | 4.5 | ▲ 0.7 |
Key figures of CODEN TRADE, 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 CODEN TRADE?
What happened at CODEN TRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 76,755 (▲ 159% vs 2024). Source: NBB ↗
- New establishment in Sprimont. KBO
- Start of the company according to the CBE. KBO
- Thomas COLLET became a director. NBB
- Marie Noelle DENIS became a director. NBB
In short
From € 237,667 profit in 2022 to € 76,755 profit in 2025.
Paid € 184,922 in corporate taxes since 2022.
Best year ever: 2022, with € 237,667 profit.
On average € 95,900 of value added per employee in 2025.
Management
Behind CODEN TRADE are Thomas COLLET and Marie Noelle DENIS. The shares are held by Marie Noelle DENIS and Thomas COLLET.
Directors
According to the 2025 annual accounts
Thomas COLLET
Director
since 2014
Marie Noelle DENIS
Director
since 2014
Shareholders
Marie Noelle DENIS
Thomas COLLET
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Légende 28 box B
4141 Sprimont
Rue de la Légende 28
4141 Sprimont
Active since 27 January 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
INFOMANIAK-AS, CH
DNS
OVH DNS
Website info
Features
Security
Details
- Company number
- 0544.759.720
- VAT number
- BE 0544.759.720
- Registered office
- Rue de la Légende 28 bus B, 4141 Sprimont
- Names & denominations
- CODEN TRADE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 January 2014
- Peppol
- Not registered
- Contact
- coden.be
- Activities · NACE
Overige detailhandel in nieuwe artikelen neg
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Landschapsverzorging
Exploitatie van bossen
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Detailhandel in ijzerwaren en gereedschappen
Groothandel in ijzer- en staalschroot en in oude non-ferrometalen
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