Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Coder Management from Wavre, company number BE0664725162, closed financial year 2025 with a result of € -15,288 after tax. For that financial year Coder Management recorded a gross margin of € 3,017 and equity of € -12,878. Compared with financial year 2024, the result moved from € 36,293 to € -15,288. 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 27, 2026.
€ -12,878
▼ € 15,288 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -15,288
▼ still € 36,293 profit in 2024
Profit after tax over the fiscal year.
€ 1,561
▲ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -31,478.
People and assets in 2025
€ 1,859
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 163,243
▲ € 162,243 vs 2024
€ 24,665 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 30,763
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 25,447
▲ 12% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -15,094 | € 35,698 | € 59,313 | € 3,017 | ▼ 95% |
| Profit after taxes | € -18,534 | € 23,692 | € 36,293 | € -15,288 | ▼ € 51,581 |
| Equity | € -57,575 | € -33,883 | € 2,410 | € -12,878 | ▼ € 15,288 |
| Total debts | € 58,571 | € 71,541 | € 75,291 | € 488,747 | ▲ € 413,455 |
| Cash | € 45 | € 15,011 | € 814 | € 1,561 | ▲ 92% |
| Retained profit | € -76,175 | € -52,483 | € -16,190 | € -31,478 | ▼ € 15,288 |
| Bank debt | € 3,429 | € 11,000 | € 1,000 | € 163,243 | ▲ € 162,243 |
| Balance sheet total | € 996 | € 37,658 | € 77,702 | € 475,869 | ▲ € 398,167 |
Key figures of Coder Management, 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 Coder Management?
What happened at Coder Management in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 15,288 (▼ € 51,581 vs 2024). Source: NBB ↗
- New establishment in Wezembeek-Oppem. KBO
- François VAN DERTON became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 18,534 loss in 2022 to € 15,288 loss in 2025.
Paid € 13,177 in corporate taxes since 2022.
Best year ever: 2024, with € 36,293 profit.
Management
Behind Coder Management is François VAN DERTON. It owns 15.8% of KICK AND RUSH itself.
Directors
According to the 2025 annual accounts
since 2016
Establishments
Establishment units
Physical locations of this company
Boulevard de l'Europe 123
1300 Wavre
Zikkelstraat 84
1970 Wezembeek-Oppem
Active since 18 October 2016
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 →CODIVES
€ 47,173 gross margin · 2025
G.M.P.
€ -22,610 gross margin · 2026
KICK AND RUSH same network
€ 25.6 million revenue · 2025
Fiduciaire Consulting BCF
€ 381,300 gross margin · 2025
ADK Management
€ 92,564 gross margin · 2025
+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
- 0664.725.162
- VAT number
- BE 0664.725.162
- Registered office
- Boulevard de l'Europe 123, 1300 Wavre
- Names & denominations
- Coder Management
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 October 2016
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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