Belgocodex
0404.755.066 · rovalta.com · 20/09/2026
ACTIVE
Belgocodex
Financial year 2024 · closed on 31/12/2024
Net result
-319,0 k €
-168.9% YoY
Gross margin
-103,2 k €
-108.6% YoY
Equity
15,3 M €
-17.0% YoY
Workforce
1,0 ETP
0.0% YoY
Overview
What does Belgocodex do?
Belgocodex is a Public limited company incorporated in 1956. Its main activity is: Management consultancy activities. Its registered office is in Lasne. It employs on average 1,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0404.755.066
Incorporation
24/03/1956
Legal form
Public limited company
Registered office
Chaussée de Louvain 656
1380 Lasne · WallonieSee on map
1380 Lasne · WallonieSee on map
Contributed capital
5 789 000,00 €
Latest accounts
31/12/2024
Average workforce
1,0 ETP
Activities (NACE)
Joint committees (1)
- 200
Signals
Solid equityLow riskGood liquidityHealthy social debts
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Financials
Trend over 19 financial years
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | -103,2 k € | -109% | 1,2 M € | +2738% | -45,3 k € | +77.6% | -201,9 k € | -150% | -80,7 k € | -114% | 593,2 k € | +1227% | -52,6 k € | +65.4% | -152,1 k € | +0.3% | -152,5 k € | +38.2% | -247,0 k € | -39.7% | -176,7 k € | -71.2% | -103,2 k € | -12.8% | -91,5 k € | -5.9% | -86,4 k € | +59.8% | -215,1 k € | -56.5% | -137,5 k € | +8.2% | -149,8 k € | -41.5% | -105,8 k € | -205% | 100,8 k € |
| EBITDA | -476,0 k € | -145% | 1,1 M € | +301% | -531,6 k € | -125% | -236,6 k € | -90.8% | -124,0 k € | -131% | 405,8 k € | +568% | -86,6 k € | +85.2% | -587,3 k € | -193% | -200,8 k € | +53.1% | -428,5 k € | -10.2% | -388,8 k € | -221% | -121,1 k € | -2.1% | -118,6 k € | +11.7% | -134,3 k € | +43.1% | -235,9 k € | -40.7% | -167,7 k € | -371% | -35,6 k € | +72.7% | -130,3 k € | -253% | 85,0 k € |
| Operating result | -246,8 k € | -124% | 1,0 M € | +580% | -217,4 k € | +62.4% | -578,9 k € | -257% | -162,2 k € | -144% | 369,3 k € | +376% | -134,1 k € | +78.4% | -621,4 k € | -155% | -244,1 k € | +48.2% | -471,7 k € | -8.6% | -434,5 k € | -181% | -154,5 k € | +0.2% | -154,8 k € | +13.5% | -178,9 k € | +53.3% | -382,9 k € | -30.9% | -292,5 k € | -2.6% | -285,0 k € | +25.6% | -383,0 k € | -102% | -189,3 k € |
| Net result | -319,0 k € | -169% | 463,0 k € | +163% | -738,0 k € | -255% | 474,6 k € | +410% | 93,1 k € | -87.8% | 764,6 k € | +207% | -715,2 k € | -171% | 1,0 M € | +208% | 329,2 k € | -48.4% | 637,4 k € | +19.2% | 534,6 k € | +10.4% | 484,2 k € | +114% | 226,0 k € | +111% | -2,0 M € | -520% | -318,3 k € | -133% | 968,8 k € | +128% | -3,5 M € | -230% | 2,7 M € | +231% | 810,6 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 15,3 M € | -17.0% | 18,4 M € | -0.2% | 18,5 M € | -3.8% | 19,2 M € | +2.5% | 18,7 M € | +0.5% | 18,6 M € | +4.3% | 17,9 M € | -3.9% | 18,6 M € | +5.7% | 17,6 M € | +1.9% | 17,3 M € | +3.8% | 16,6 M € | +3.3% | 16,1 M € | +3.1% | 15,6 M € | +1.5% | 15,4 M € | -11.4% | 17,4 M € | +20.7% | 14,4 M € | +7.2% | 13,4 M € | -20.6% | 16,9 M € | +18.9% | 14,2 M € |
| Total assets | 23,7 M € | -8.8% | 26,0 M € | +3.9% | 25,0 M € | -14.9% | 29,4 M € | -1.5% | 29,8 M € | -3.6% | 30,9 M € | +25.8% | 24,6 M € | -9.6% | 27,2 M € | -2.7% | 28,0 M € | +4.0% | 26,9 M € | +1.1% | 26,6 M € | +2.5% | 25,9 M € | +16.3% | 22,3 M € | +4.1% | 21,4 M € | +12.7% | 19,0 M € | +9.6% | 17,3 M € | +6.7% | 16,3 M € | -25.3% | 21,8 M € | -10.7% | 24,4 M € |
| Cash | 694,6 k € | +35.1% | 514,2 k € | -16.1% | 613,2 k € | -2.3% | 627,5 k € | -23.5% | 820,7 k € | -31.3% | 1,2 M € | -15.1% | 1,4 M € | +68.2% | 837,0 k € | +3.3% | 810,1 k € | -31.2% | 1,2 M € | +140% | 491,3 k € | -52.6% | 1,0 M € | +264% | 285,1 k € | -8.0% | 309,7 k € | -56.4% | 709,9 k € | -6.0% | 755,5 k € | +1717% | 41,6 k € | -81.4% | 223,3 k € | +109% | 107,0 k € |
| Debts | 8,4 M € | +11.0% | 7,5 M € | +14.8% | 6,6 M € | -35.7% | 10,2 M € | -8.1% | 11,1 M € | -9.7% | 12,3 M € | +83.8% | 6,7 M € | -22.2% | 8,6 M € | -17.0% | 10,4 M € | +7.7% | 9,6 M € | -3.3% | 9,9 M € | +1.4% | 9,8 M € | +47.5% | 6,6 M € | +11.2% | 6,0 M € | +272% | 1,6 M € | -44.9% | 2,9 M € | +10.2% | 2,7 M € | -42.0% | 4,6 M € | -53.6% | 9,9 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 1,0 ETP | 0.0% | 1,0 ETP | – | – | – | – | – | – | – | 0,5 ETP | – | – | – | – | – | – | – | – | – | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 10 M€ and 25 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2024 · 3 active · 40 ended
Active mandates
Charles-Emmanuel DELWART
ActiveNathalie DELWART
ActiveOlivia DELWART
ActiveEnded mandates
Bernard DELWART
EndedBernard DELWART
EndedCharles-Emmanuel DELWART
EndedCharles-Emmanuel DELWART
EndedAt this address
Other companies at this address
Financials
Annual accounts
Full financial information
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 | 01/01/2019 |
| Closing of the financial year | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 | 31/12/2019 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 31/07/2025 | 22/07/2024 | 11/08/2023 | 09/11/2022 | 16/07/2021 | 20/08/2020 |
| General meeting | 28/07/2025 | 10/05/2024 | 30/06/2023 | 30/09/2022 | 12/05/2021 | 18/06/2020 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2024 | 28/07/2025 | 31/07/2025 | French | |
| Abridged model | 31/12/2023 | 10/05/2024 | 22/07/2024 | French | |
| Abridged model | 31/12/2022 | 30/06/2023 | 11/08/2023 | French | |
| Abridged model | 31/12/2021 | 30/09/2022 | 09/11/2022 | French | |
| Abridged model | 31/12/2020 | 12/05/2021 | 16/07/2021 | French | |
| Abridged model | 31/12/2019 | 18/06/2020 | 20/08/2020 | French | |
| Abridged model | 31/12/2018 | 09/05/2019 | 29/08/2019 | French | |
| Abridged model | 31/12/2017 | 09/05/2018 | 01/08/2018 | French | |
| Abridged model | 31/12/2016 | 10/05/2017 | 17/08/2017 | French | |
| Abridged model | 31/12/2015 | 10/05/2016 | 26/08/2016 | French | |
| Abridged model | 31/12/2014 | 13/05/2015 | 21/08/2015 | French | |
| Abridged model | 31/12/2013 | 13/05/2014 | 06/08/2014 | French | |
| Abridged model | 31/12/2012 | 14/05/2013 | 16/07/2013 | French | |
| Abridged model | 31/12/2011 | 09/05/2012 | 24/08/2012 | French | |
| Abridged model | 31/12/2010 | 11/05/2011 | 27/05/2011 | French | |
| Abridged model | 31/12/2009 | 12/05/2010 | 14/05/2010 | French | |
| Abridged model | 31/12/2008 | 13/05/2009 | 28/05/2009 | French | |
| Abridged model | 31/12/2007 | 14/05/2008 | 06/06/2008 | French | |
| Abridged model | 31/12/2006 | 09/05/2007 | 04/06/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 10 M€ and 25 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2024 · 3 active · 40 ended
Active mandates
Charles-Emmanuel DELWART
ActiveNathalie DELWART
ActiveOlivia DELWART
ActiveEnded mandates
Bernard DELWART
EndedBernard DELWART
EndedCharles-Emmanuel DELWART
EndedCharles-Emmanuel DELWART
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring15/09/2026Procès-verbal d’opération assimilée à une fusion par absorption de la
- Restructuring15/09/2026Fusion par absorption de la société à responsabilité limi-tée « BELGOBIO »
- Restructuring19/06/2026RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring19/06/2026RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Other08/05/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Registered office04/03/2026SIEGE SOCIAL
- Mandates03/04/2025DEMISSIONS, NOMINATIONS
- Mandates28/11/2024SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2024Annual accounts 2024-319,0 k €↓
- 2023Annual accounts 2023463,0 k €↑
- 2022Annual accounts 2022-738,0 k €↓
- 2021Annual accounts 2021474,6 k €↑
- 2020Annual accounts 202093,1 k €↓
- 2019Annual accounts 2019764,6 k €↑
- 2018Annual accounts 2018-715,2 k €↓
- 2017Annual accounts 20171,0 M €↑
- 2016Annual accounts 2016329,2 k €↓
- 2015Annual accounts 2015637,4 k €↑
- 2014Annual accounts 2014534,6 k €↑
- 2013Annual accounts 2013484,2 k €↑
- 2012Annual accounts 2012226,0 k €↑
- 2011Annual accounts 2011-2,0 M €↓
- 2010Annual accounts 2010-318,3 k €↓
- 2009Annual accounts 2009968,8 k €↑
- 2008Annual accounts 2008-3,5 M €↓
- 2007Annual accounts 20072,7 M €↑
- 2006Annual accounts 2006810,6 k €
- 24/03/1956IncorporationPublic limited company