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 58 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Codeer-IT from Koekelare, company number BE0870894011, closed financial year 2025 with a result of € 10,768 after tax. For that financial year Codeer-IT recorded revenue of € 200,422 and equity of € 19,777. Compared with financial year 2024, the result moved from € 11,882 to € 10,768. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 19,777
▲ 120% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,768
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 1,741
▲ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1,177.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 64,078
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 75,212
▼ 22% vs 2024
€ 15,964 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 10,643
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,951
▼ 2% 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 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 200,422 | |
| Gross margin | € 4,651 | € 49,590 | € 51,018 | € 50,418 | ▼ 1% |
| Profit after taxes | € 281 | € 22,039 | € 11,882 | € 10,768 | ▼ 9% |
| Equity | € -24,912 | € -2,873 | € 9,009 | € 19,777 | ▲ 120% |
| Total debts | € 95,892 | € 154,305 | € 115,819 | € 91,941 | ▼ 21% |
| Cash | € 2,384 | € 3,386 | € 1,535 | € 1,741 | ▲ 13% |
| Retained profit | € -43,512 | € -21,473 | € -9,591 | € 1,177 | ▲ € 10,768 |
| Bank debt | € 63,639 | € 105,034 | € 96,342 | € 75,212 | ▼ 22% |
| Balance sheet total | € 70,979 | € 151,432 | € 124,828 | € 111,719 | ▼ 11% |
Key figures of Codeer-IT, 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.
Ask about Codeer-IT the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Codeer-IT?
What happened at Codeer-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,768 (▼ 9% vs 2024). Source: NBB ↗
- Frederik Vermeire became a director. NBB
- New establishment in Koekelare. KBO
- Start of the company according to the CBE. KBO
In short
From € 281 profit in 2022 to € 10,768 profit in 2025.
Paid € 18,157 in corporate taxes since 2022.
Best year ever: 2023, with € 22,039 profit.
Management
Behind Codeer-IT is Frederik Vermeire.
Directors
According to the 2025 annual accounts
Frederik Vermeire
Director
since 2022
Establishments
Establishment units
Physical locations of this company
Steenstraat 2
8680 Koekelare
Steenstraat 2 box A
8680 Koekelare
Active since 1 January 2005
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0870.894.011
- VAT number
- BE 0870.894.011
- Registered office
- Steenstraat 2, 8680 Koekelare
- Names & denominations
- Codeer-IT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2004
- Peppol
- Active · Active since 31 Aug 2023
- Contact
- [email protected]
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