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 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CODEGCO from Brugge, company number BE0769643530, closed financial year 2025 with a result of € 58,576 after tax. For that financial year CODEGCO recorded a gross margin of € 114,803 and equity of € 171,929. Compared with financial year 2024, the result moved from € 61,849 to € 58,576. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 171,929
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 58,576
▼ 5% vs 2024
Profit after tax over the fiscal year.
€ 33,505
▼ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 70,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 309,174
▲ 107% vs 2024
€ 21,031 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 3,666
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 17,521
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 135,000 | - | |
| Gross margin | € 97,765 | € 114,803 | ▲ 17% |
| Profit after taxes | € 61,849 | € 58,576 | ▼ 5% |
| Equity | € 183,353 | € 171,929 | ▼ 6% |
| Total debts | € 181,257 | € 454,768 | ▲ 151% |
| Cash | € 40,870 | € 33,505 | ▼ 18% |
| Retained profit | € 182,153 | € 170,729 | ▼ 6% |
| Dividend | € 0 | € 70,000 | |
| Bank debt | € 149,485 | € 309,174 | ▲ 107% |
| Balance sheet total | € 364,610 | € 626,697 | ▲ 72% |
Key figures of CODEGCO, fiscal years 2024 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 CODEGCO?
What happened at CODEGCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 58,576 (▼ 5% vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Jeffrey De Grande became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 61,849 profit in 2024 to € 58,576 profit in 2025.
Paid € 46,151 in corporate taxes since 2024.
Best year ever: 2024, with € 61,849 profit.
Paid out € 70,000 in dividends to the owners in total.
Management
Behind CODEGCO is Jeffrey De Grande. Jeffrey De Grande is also behind Stabitec.
Directors
According to the 2025 annual accounts
since 2021
Establishments
Establishment units
Physical locations of this company
Maalse Steenweg 465
8310 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0769.643.530
- VAT number
- BE 0769.643.530
- Registered office
- Maalse Steenweg 465, 8310 Brugge
- Names & denominations
- CODEGCO
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 14 June 2021
- Peppol
- Active · Active since 15 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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