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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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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
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CODEMCO from Knokke-Heist, company number BE0848172156, closed financial year 2025 with a result of € -2 million after tax. For that financial year CODEMCO recorded a gross margin of € -265,582 and equity of € -1.6 million. Compared with financial year 2024, the result moved from € 157,595 to € -2 million. 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 30, 2026.
€ -1.6 million
▼ € 2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2 million
▼ still € 157,595 profit in 2024
Profit after tax over the fiscal year.
€ 14,838
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2 million.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 2.8 million
▲ 126% vs 2024
€ 77,737 is repaid this year. At this pace the long-term loan is gone in ≈ 32 years.
€ 9,057
▲ 84% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,700
▲ 100% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -49,856 | € -7,906 | € 200,767 | € -265,582 | ▼ € 466,349 |
| Profit after taxes | € 119,158 | € -15,761 | € 157,595 | € -1,998,889 | ▼ € 2.2 million |
| Equity | € 249,152 | € 233,391 | € 390,986 | € -1,607,903 | ▼ € 2 million |
| Total debts | € 1,601,223 | € 1,728,107 | € 1,984,003 | € 3,483,293 | ▲ 76% |
| Cash | € 11,136 | € 18,255 | € 32,430 | € 14,838 | ▼ 54% |
| Land & buildings | € 6,053 | € 5,714 | € 272,563 | € 437,114 | ▲ 60% |
| Retained profit | € -150,848 | € -166,609 | € -9,014 | € -2,007,903 | ▼ € 2 million |
| Bank debt | € 1,162,185 | € 1,100,370 | € 1,237,877 | € 2,795,539 | ▲ 126% |
| Balance sheet total | € 1,850,375 | € 1,961,498 | € 2,374,989 | € 1,875,390 | ▼ 21% |
Key figures of CODEMCO, 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 CODEMCO?
What happened at CODEMCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2 million (▼ € 2.2 million vs 2024). Source: NBB ↗
- Annick Demeyere became a director. NBB
- Dieter Coeman became a director. NBB
- New establishment in Knokke-Heist. KBO
- Start of the company according to the CBE. KBO
In short
From € 119,158 profit in 2022 to € 2 million loss in 2025.
Best year ever: 2024, with € 157,595 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CODEMCO are Annick Demeyere and Dieter Coeman. Annick Demeyere is also behind Dr. A. Demeyere. Dieter Coeman is also behind Dr. Dieter Coeman.
Directors
According to the 2025 annual accounts
since 2023
since 2023
Establishments
Establishment units
Physical locations of this company
Cottagepad 5 box 1/A
8300 Knokke-Heist
Cottagepad 5 box 1 A
8300 Knokke-Heist
Active since 23 August 2012
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →POORT VAN EMBLEM
€ -4,999 gross margin · 2025
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€ 1.3 million gross margin · 2025
PALM REAL ESTATE DEVELOPMENT
€ 1.9 million gross margin · 2025
DE POORT VAN BERLAAR
€ -3,644 gross margin · 2025
STAR IMMO
€ -7,962 gross margin · 2025
+7 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
- 0848.172.156
- VAT number
- BE 0848.172.156
- Registered office
- Cottagepad 5 bus 1/A, 8300 Knokke-Heist
- Names & denominations
- CODEMCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 August 2012
- Peppol
- Active · Active since 22 Apr 2026