ACTIVE

CODELAM BELGIUM

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Financial year 2025 · closed on 31/12/2025

Net result

10,4 k €

+111.5% YoY

Gross margin

17 k €

-33.8% YoY

Equity

8,1 M €

-5.2% YoY

What does CODELAM BELGIUM do?

CODELAM BELGIUM is a Public limited company incorporated in 1953. Its registered office is in Woluwe-Saint-Pierre.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.438.143

Incorporation

22/07/1953

Legal form

Public limited company

Registered office

Avenue de l'Escrime 85
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	17 k €	-33.8%	25,6 k €	-55.5%	57,6 k €	+337%	-24,3 k €	-100%	8,4 M €	+22074%	37,7 k €	+37.2%	27,5 k €	-22.9%	35,7 k €	+25.7%	28,4 k €	-34.0%	43 k €	+49.7%	28,7 k €	+47.6%	19,5 k €	-26.5%	26,5 k €	-4.0%	27,6 k €	+13.3%	24,4 k €	+6.1%	23 k €	-10.0%	25,5 k €	+341%	5,8 k €	-66.5%	17,3 k €	+11.7%	15,5 k €
EBITDA	-11 k €	-558%	-1,7 k €	-106%	26,7 k €	+189%	-30 k €	-100%	8,4 M €	+24962%	33,3 k €	+43.7%	23,2 k €	-27.4%	32 k €	+26.5%	25,3 k €	-35.1%	38,9 k €	+52.8%	25,5 k €	+63.2%	15,6 k €	-34.6%	23,9 k €	-4.7%	25,1 k €	+14.4%	21,9 k €	+6.6%	20,5 k €	-11.1%	23,1 k €	+690%	2,9 k €	-79.7%	14,4 k €	+10.4%	13,1 k €
Operating result	-160,7 k €	-28.8%	-124,7 k €	-40.2%	-89 k €	-14.1%	-78 k €	-101%	8,3 M €	+243059%	3,4 k €	+149%	-7 k €	-888%	893,8 €	+114%	-6,4 k €	-180%	7,9 k €	+310%	-3,8 k €	+63.3%	-10,3 k €	-210%	9,4 k €	-15.7%	11,1 k €	+165%	4,2 k €	+62.3%	2,6 k €	-25.7%	3,5 k €	+121%	-16,7 k €	-178%	-6 k €	-59.6%	-3,8 k €
Net result	10,4 k €	+111%	-90,4 k €	-119%	478,3 k €	+173%	-653,1 k €	-108%	8,3 M €	+1748%	449,7 k €	+3531%	-13,1 k €	-103%	470,9 k €	+3680%	-13,2 k €	-851%	-1,4 k €	+89.6%	-13,3 k €	+24.4%	-17,6 k €	-398%	5,9 k €	+169%	2,2 k €	-2.9%	2,3 k €	-3.7%	2,3 k €	-23.6%	3,1 k €	+119%	-16,1 k €	-37.4%	-11,7 k €	-628%	-1,6 k €
Balance sheet
Equity	8,1 M €	-5.2%	8,6 M €	-1.9%	8,8 M €	+0.0%	8,8 M €	-6.9%	9,4 M €	+758%	1,1 M €	+69.5%	647,3 k €	-2.0%	660,4 k €	+248%	189,5 k €	-6.5%	202,7 k €	-0.7%	204,1 k €	-6.1%	217,3 k €	-7.5%	234,9 k €	+2.6%	229 k €	+1.0%	226,8 k €	+1.0%	224,6 k €	+1.1%	222,2 k €	+1.4%	219,2 k €	-6.8%	235,3 k €	-4.7%	247 k €
Total assets	10,8 M €	+3.2%	10,4 M €	-5.4%	11 M €	+24.2%	8,9 M €	-7.4%	9,6 M €	+268%	2,6 M €	+1.4%	2,6 M €	-1.0%	2,6 M €	+143%	1,1 M €	+59.6%	668,6 k €	-2.1%	682,9 k €	+0.4%	680,4 k €	+47.3%	461,9 k €	-5.2%	487 k €	-6.7%	522,2 k €	-2.4%	534,9 k €	-2.2%	547,2 k €	-1.4%	554,8 k €	-3.2%	573,1 k €	-2.5%	588 k €
Cash	122,1 k €	+1.8%	120 k €	-44.8%	217,5 k €	+3.7%	209,6 k €	-91.5%	2,5 M €	+2949%	81 k €	+305%	20 k €	+14.1%	17,5 k €	+115%	8,2 k €	+181%	2,9 k €	-3.9%	3 k €	-3.5%	3,1 k €	-90.3%	32,4 k €	-34.9%	49,7 k €	+235%	14,8 k €	+22.4%	12,1 k €	+20.1%	10,1 k €	+392%	2,1 k €	+84.9%	1,1 k €	-92.7%	15,1 k €
Debts	2,6 M €	+43.3%	1,8 M €	-18.8%	2,2 M €	+3038%	70,8 k €	-46.0%	131,2 k €	-90.7%	1,4 M €	-22.8%	1,8 M €	-0.8%	1,8 M €	+132%	798,1 k €	+105%	389,2 k €	-3.8%	404,6 k €	+3.4%	391,4 k €	+152%	155,2 k €	-15.6%	183,8 k €	-17.0%	221,6 k €	-5.0%	233,2 k €	-5.1%	245,7 k €	-4.3%	256,7 k €	-0.0%	256,8 k €	-0.2%	257,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Blaise Hommelen

Director · since 28 juillet 2021

Active

Delphine HOMMELEN

Director · since 28 juillet 2021

Active

Ended mandates

Delphine HOMMELEN

Managing director · since 01 octobre 2022 · until 16 mai 2028

Ended

Blaise HOMMELEN

Managing director · since 27 août 2021

Ended

Delphine HOMMELEN

Director · since 13 juin 2019 · until 27 août 2021

Ended

Delphine HOMMELEN

Director · since 13 juin 2019 · until 16 mai 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	25/06/2025	23/09/2024	19/06/2023	07/07/2022	07/06/2021
General meeting	18/05/2026	19/05/2025	23/09/2024	16/06/2023	30/06/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

49 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	18/05/2026	15/06/2026	French	PDF
Micro model	31/12/2024	19/05/2025	25/06/2025	French	PDF
Micro model	31/12/2023	23/09/2024	23/09/2024	French	PDF
Micro model	31/12/2022	16/06/2023	19/06/2023	French	PDF
Micro model	31/12/2021	30/06/2022	07/07/2022	French	PDF
Micro model	31/12/2020	31/05/2021	07/06/2021	French	PDF
Micro model	31/12/2019	18/05/2020	03/06/2020	French	PDF
Micro model	31/12/2018	13/06/2019	14/06/2019	French	PDF
Micro model	31/12/2017	21/05/2018	22/05/2018	French	PDF
Micro model	31/12/2016	15/05/2017	16/05/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	21/06/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	27/05/2015	French	PDF
Abridged model	31/12/2013	05/05/2014	11/06/2014	French	PDF
Abridged model	31/12/2012	21/05/2013	19/06/2013	French	PDF
Abridged model	31/12/2011	21/05/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	07/06/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	24/08/2009	French	PDF
Abridged model	31/12/2007	19/05/2008	13/06/2008	French	PDF
Abridged model	31/12/2006	21/05/2007	19/06/2007	French	PDF
Abridged model	31/12/2005	30/06/2006	23/08/2006	French	PDF
Abridged model	31/12/2004	16/05/2005	06/06/2005	French	PDF
Abridged model	31/12/2003	17/05/2004	17/06/2004	French	PDF
Abridged model	31/12/2002	19/05/2003	12/06/2003	French	PDF

View all 49 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 24 ended

Active mandates

Blaise Hommelen

Director · since 28 juillet 2021

Active

Delphine HOMMELEN

Director · since 28 juillet 2021

Active

Ended mandates

Delphine HOMMELEN

Managing director · since 01 octobre 2022 · until 16 mai 2028

Ended

Blaise HOMMELEN

Managing director · since 27 août 2021

Ended

Delphine HOMMELEN

Director · since 13 juin 2019 · until 27 août 2021

Ended

Delphine HOMMELEN

Director · since 13 juin 2019 · until 16 mai 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates31/08/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates14/09/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates23/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates13/03/2012
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates20/08/2010
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202510,4 k €↑
2024
Annual accounts 2024-90,4 k €↓
2023
Annual accounts 2023478,3 k €↑
2022
Annual accounts 2022-653,1 k €↓
2021
Annual accounts 20218,3 M €↑
2020
Annual accounts 2020449,7 k €↑
2019
Annual accounts 2019-13,1 k €↓
2018
Annual accounts 2018470,9 k €↑
2017
Annual accounts 2017-13,2 k €↓
2016
Annual accounts 2016-1,4 k €↑
2015
Annual accounts 2015-13,3 k €↑
2014
Annual accounts 2014-17,6 k €↓
2013
Annual accounts 20135,9 k €↑
2012
Annual accounts 20122,2 k €↓
2011
Annual accounts 20112,3 k €↓
2010
Annual accounts 20102,3 k €↓
2009
Annual accounts 20093,1 k €↑
2008
Annual accounts 2008-16,1 k €↓
2007
Annual accounts 2007-11,7 k €↓
2006
Annual accounts 2006-1,6 k €
22/07/1953
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CODELAM BELGIUM

Overview

What does CODELAM BELGIUM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline