Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
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.
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| 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.
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.
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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
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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