Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Codit holding from Gent, company number BE0662946401, closed financial year 2025 with a result of € -4.2 million after tax. For that financial year Codit holding recorded revenue of € 3.2 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € -1 million to € -4.2 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 10.2 million
▼ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4.2 million
▼ 313 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1.4 million
▲ € 1.4 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -25,917.
People and assets in 2025
8.7
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.1 million
▲ 28% vs 2024
€ 123,300 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.
€ 772,534
▲ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 142 days on average.
€ 149,613
▲ 10% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,344,884 | € 2,828,712 | € 3,155,356 | € 3,164,116 | |
| Profit after taxes | € -548,079 | € 468,702 | € -1,005,460 | € -4,153,385 | ▼ € 3.1 million |
| Equity | € 14,939,453 | € 15,408,156 | € 14,402,696 | € 10,249,311 | ▼ 29% |
| Total debts | € 9,261,245 | € 7,492,600 | € 7,692,335 | € 20,385,183 | ▲ 165% |
| Cash | € 5,470 | € 4,057 | € 1,534 | € 1,436,188 | ▲ € 1.4 million |
| Retained profit | € 4,664,225 | € 5,132,928 | € 4,127,468 | € -25,917 | ▼ € 4.2 million |
| Dividend | € 1,500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 714,111 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 24,200,698 | € 22,900,755 | € 22,095,031 | € 30,634,494 | ▲ 39% |
| Employees (FTE) | 8 | 9.3 | 8.6 | 8.7 | ▲ 0.1 |
Key figures of Codit holding, 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 holding?
What happened at Codit holding in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4.2 million. Source: NBB ↗
- Yashfeen Saiyid became a director. NBB
- Leo Eelen became a director. NBB
- Patrick Van Der Perren became a director. NBB
- Rafaël Peeters became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 548,079 loss in 2022 to € 4.2 million loss in 2025.
Paid € 7,913 in corporate taxes since 2022.
Best year ever: 2023, with € 468,702 profit.
Paid out € 1.5 million in dividends to the owners in total.
Management
Behind Codit holding are Yashfeen Saiyid, Leo Eelen, Rafaël Peeters and Patrick Van Der Perren. The shares are held by Proximus ICT (100%). It owns 100% of Codit Nederland, 100% of Codit UK, 100% of Codit Frankrijk, 100% of Codit Malta, 100% of Codit Zwitserland and 100% of Codit Managed Services BV itself.
Directors
According to the 2025 annual accounts
since 2024
Leo Eelen
Director
Also active at: Wolters Kluwer Financial Services Belgium, CODIT, CODIT MANAGED SERVICES
since 2024
Rafaël Peeters
Director
since 2023
since 2023
Shareholders
100%
Participations
Codit Nederland
100%
Codit UK
100%
Codit Frankrijk
100%
Codit Malta
100%
Codit Zwitserland
100%
99.9%
Establishments
Establishment units
Physical locations of this company
Gaston Crommenlaan 14 box /0301
9050 Gent
Gaston Crommenlaan 14 box 301
9050 Gent
Active since 26 September 2016
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.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
PROXIMUS-ISP-AS, BE
Domain
Domain
codit.eu
Registrar
EuroDNS S.A.
Website info
Features
Security
Details
- Company number
- 0662.946.401
- VAT number
- BE 0662.946.401
- Registered office
- Gaston Crommenlaan 14 bus /0301, 9050 Gent
- Names & denominations
- Codit holding
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 September 2016
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- codit.eu
- Activities · NACE
Activiteiten van holdings
Holdings
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