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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 14 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CODABEL GROUPE from Brussel, company number BE0723453813, closed financial year 2025 with a result of € -1.6 million after tax. For that financial year CODABEL GROUPE recorded a gross margin of € -9,736 and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -64,268 to € -1.6 million. The company made a loss. The buffer shrank hard: equity is 56 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on October 27, 2026.
€ 1.3 million
▼ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.6 million
▼ 2422 % more loss than in 2024
Profit after tax over the fiscal year.
€ 850
▼ 49% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 6.6 million
▲ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 5,971
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -8,138 | € -17,175 | € -41,933 | € -9,736 | ▲ € 32,198 |
| Profit after taxes | € -10,524 | € -20,616 | € -64,268 | € -1,620,784 | ▼ € 1.6 million |
| Equity | € -21,150 | € -41,766 | € 2,904,538 | € 1,283,754 | ▼ 56% |
| Total debts | € 9,558,752 | € 9,572,546 | € 6,607,118 | € 6,617,669 | |
| Cash | € 7,244 | € 2,659 | € 1,671 | € 850 | ▼ 49% |
| Retained profit | € -33,550 | € -54,166 | € -64,268 | € -1,685,053 | ▼ € 1.6 million |
| Bank debt | € 0 | € 0 | € 5,862,698 | € 6,611,698 | ▲ 13% |
| Balance sheet total | € 9,537,602 | € 9,530,779 | € 9,511,656 | € 7,901,423 | ▼ 17% |
Key figures of CODABEL GROUPE, 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 CODABEL GROUPE?
What happened at CODABEL GROUPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.6 million. filed late Source: NBB ↗
- Be Tycoon Real Estate & Finance SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,524 loss in 2022 to € 1.6 million loss in 2025.
Management
The stake of EMERIA BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CODABEL GROUPEBehind CODABEL GROUPE are Ruysen Consult, Be Tycoon Real Estate & Finance SRL and EMERIA Benelux SA. The shares are held by EMERIA BELGIUM (100%). It owns 68.5% of Esset Belux itself.
Directors
According to the 2025 annual accounts
Director · represented by Kim Ruysen
Also active at: TREVI BRUXELLES, VM Vastgoedbeheer, EASY SYNDIC, ESSET BELUX, IMMOBE MANAGEMENT, DR SYNDIC, OFFICE DES PROPRIETAIRES BRUXELLES, DR Gestion +1 more
Be Tycoon Real Estate & Finance SRL
Director · represented by Raphaël De Plaen
Also active at: TREVI SERVICES-GROUPE IMMOBILIER DE SERVICES, TREVI BRUXELLES, GESTIMASS, OFFICE DES PROPRIETAIRES WALLONIE, TREVI VLAANDEREN, VM Vastgoedbeheer, OFFICE DES PROPRIETAIRES VLAANDEREN, INSURES BELGIUM +23 more
since 2021
Director · represented by Guillaume Pinte
Also active at: TREVI SERVICES-GROUPE IMMOBILIER DE SERVICES, TREVI BRUXELLES, OFFICE DES PROPRIETAIRES WALLONIE, TREVI VLAANDEREN, VM Vastgoedbeheer, OFFICE DES PROPRIETAIRES VLAANDEREN, INSURES BELGIUM, Insures +18 more
Shareholders
100%
Participations
68.5%
Establishments
Establishment units
Physical locations of this company
Vilain XIIII-straat 53-55
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →TREVI BRUXELLES same network
€ -493,264 gross margin · 2025
OFFICE DES PROPRIETAIRES WALLONIE same network
€ 526,609 gross margin · 2024
TREVI VLAANDEREN same network
€ 131,471 gross margin · 2024
VM Vastgoedbeheer same network
€ 9.6 million gross margin · 2024
DISTRI - BERTRANSART
€ 551,510 gross margin · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
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Features
Security
Details
- Company number
- 0723.453.813
- VAT number
- BE 0723.453.813
- Registered office
- Vilain XIIII-straat 53-55, 1000 Brussel
- Names & denominations
- CODABEL GROUPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 2019
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- op.be