ACTIVE

CODEMI

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Financial year 2026 · closed on 31/01/2026

Net result

105,4 k €

+64.3% YoY

Gross margin

198,3 k €

+26.2% YoY

Equity

1,7 M €

+6.7% YoY

What does CODEMI do?

CODEMI is a Public limited company incorporated in 1982. Its registered office is in Sprimont.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0423.069.260

Incorporation

18/09/1982

Legal form

Public limited company

Registered office

Rue de la Gendarmerie(LVG) 15
4141 Sprimont · WallonieSee on map

Contributed capital

300 000,00 €

Latest accounts

31/01/2026

Joint committees (3)

119
202
20201

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	198,3 k €	+26.2%	157,2 k €	+4.7%	150,1 k €	-74.2%	581,1 k €	+15676%	-3,7 k €	-24.6%	-3,0 k €	-217%	2,6 k €	-99.9%	3,5 M €	+182%	1,3 M €	-4.5%	1,3 M €	-7.1%	1,4 M €	-9.5%	1,6 M €	+8.4%	1,4 M €	-0.8%	1,4 M €	+15.8%	1,3 M €	-12.2%	1,4 M €	-1.9%	1,5 M €	+5.0%	1,4 M €	+2.4%	1,4 M €	+8.8%	1,2 M €
EBITDA	175,4 k €	+30.3%	134,6 k €	+5.2%	127,9 k €	+59.5%	80,2 k €	+1844%	-4,6 k €	-19.1%	-3,9 k €	-213%	3,4 k €	-99.9%	2,5 M €	+1095%	213,4 k €	-22.4%	275,0 k €	-26.0%	371,8 k €	-33.9%	562,6 k €	+20.1%	468,6 k €	+10.4%	424,3 k €	+58.9%	267,0 k €	-44.4%	480,5 k €	-3.2%	496,1 k €	+15.0%	431,5 k €	+0.1%	431,1 k €	+31.4%	328,1 k €
Operating result	118,6 k €	+52.4%	77,8 k €	+9.4%	71,1 k €	+130%	-240,3 k €	-5126%	-4,6 k €	-19.1%	-3,9 k €	-213%	3,4 k €	-99.9%	2,5 M €	+2947%	83,7 k €	+7.0%	78,2 k €	-52.4%	164,5 k €	-53.6%	354,1 k €	+51.9%	233,2 k €	+66.7%	139,8 k €	+1108%	-13,9 k €	-105%	272,4 k €	-16.2%	325,2 k €	+43.2%	227,2 k €	-12.0%	258,2 k €	+78.5%	144,7 k €
Net result	105,4 k €	+64.3%	64,1 k €	+27.0%	50,5 k €	+119%	-265,2 k €	-1283%	22,4 k €	-30.3%	32,2 k €	+49.0%	21,6 k €	-98.8%	1,8 M €	+3416%	51,1 k €	+8.2%	47,2 k €	-57.4%	110,7 k €	-53.6%	238,4 k €	+62.6%	146,6 k €	+31.8%	111,2 k €	+493%	-28,3 k €	-115%	187,7 k €	-11.6%	212,4 k €	+32.9%	159,8 k €	-8.8%	175,1 k €	+81.5%	96,5 k €
Balance sheet
Equity	1,7 M €	+6.7%	1,6 M €	-21.8%	2,0 M €	+2.6%	2,0 M €	-12.0%	2,2 M €	+1.0%	2,2 M €	-9.0%	2,4 M €	+0.9%	2,4 M €	+302%	593,7 k €	-29.5%	842,6 k €	+5.9%	795,4 k €	+16.2%	684,7 k €	+5.9%	646,3 k €	-7.6%	699,7 k €	-11.3%	788,5 k €	-3.5%	816,8 k €	+12.2%	728,3 k €	+41.2%	515,9 k €	+1.9%	506,1 k €	+17.4%	431,0 k €
Total assets	2,7 M €	-2.0%	2,7 M €	-2.1%	2,8 M €	-2.2%	2,8 M €	+28.1%	2,2 M €	-9.2%	2,4 M €	+1.4%	2,4 M €	-21.3%	3,1 M €	+132%	1,3 M €	-3.3%	1,4 M €	-13.6%	1,6 M €	-26.8%	2,2 M €	+3.2%	2,1 M €	-1.2%	2,1 M €	-4.9%	2,2 M €	+12.1%	2,0 M €	+5.1%	1,9 M €	+13.9%	1,7 M €	+0.8%	1,6 M €	+3.3%	1,6 M €
Cash	1,8 k €	+277%	469,0 €	-78.7%	2,2 k €	-76.1%	9,2 k €	-99.6%	2,0 M €	+2721%	72,6 k €	+149%	29,1 k €	-98.7%	2,2 M €	+2338%	91,0 k €	+25.7%	72,4 k €	-64.2%	202,2 k €	+33.7%	151,2 k €	+4.4%	144,9 k €	+12.6%	128,7 k €	+17.3%	109,7 k €	+8.4%	101,2 k €	-59.1%	247,7 k €	+26.4%	196,0 k €	+105%	95,4 k €	+5.1%	90,8 k €
Debts	997,0 k €	-13.9%	1,2 M €	+48.3%	780,6 k €	-12.8%	894,9 k €	+15564%	5,7 k €	-97.7%	253,3 k €	+34176%	739,0 €	-99.9%	676,6 k €	-7.2%	729,2 k €	+38.7%	525,6 k €	-33.3%	788,2 k €	-46.7%	1,5 M €	+2.0%	1,4 M €	+1.9%	1,4 M €	-1.4%	1,4 M €	+23.0%	1,2 M €	+0.7%	1,2 M €	+1.7%	1,1 M €	+0.3%	1,1 M €	-1.9%	1,2 M €
Other
Workforce	–		–		–		–		–		–		–		23,9 ETP	-14.0%	27,8 ETP	-2.5%	28,5 ETP	+2.9%	27,7 ETP	+0.4%	27,6 ETP	-1.4%	28,0 ETP	-4.8%	29,4 ETP	-0.7%	29,6 ETP	-0.7%	29,8 ETP	-1.3%	30,2 ETP	-2.3%	30,9 ETP	-3.4%	32,0 ETP	-9.1%	35,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/01/2026 · 3 active · 2 ended

Active mandates

Gérald NOIRFALISSE

Managing director

Active

Jean-Luc NOIRFALISSE

Director

Active

Philippe NOIRFALISSE

Director

Active

Ended mandates

Gérald NOIRFALISSE

Manager

Ended

Yves NOIRFALISSE

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
AMAY DISTRIBUTION● Active	0444.424.207
CLOS DE LA PORALLEE● Active	0862.555.375
Les Magasins Noirfalisse● Active	0403.969.762
Noirfalisse Distribution● Active	0417.483.446

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/02/2025	01/02/2024	01/02/2023	01/02/2022	01/02/2021	01/02/2020
Closing of the financial year	31/01/2026	31/01/2025	31/01/2024	31/01/2023	31/01/2022	31/01/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/07/2026	25/06/2025	20/06/2024	29/06/2023	16/06/2022	16/06/2021
General meeting	17/07/2026	28/05/2025	12/06/2024	07/06/2023	24/05/2022	02/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/01/2026	17/07/2026	28/07/2026	French	PDF
Abridged model	31/01/2025	28/05/2025	25/06/2025	French	PDF
Abridged model	31/01/2024	12/06/2024	20/06/2024	French	PDF
Abridged model	31/01/2023	07/06/2023	29/06/2023	French	PDF
Abridged model	31/01/2022	24/05/2022	16/06/2022	French	PDF
Abridged model	31/01/2021	02/06/2021	16/06/2021	French	PDF
Abridged model	31/01/2020	10/06/2020	29/06/2020	French	PDF
Abridged model	31/01/2019	12/06/2019	26/06/2019	French	PDF
Abridged model	31/01/2018	11/06/2018	06/07/2018	French	PDF
Abridged model	31/01/2017	29/06/2017	19/07/2017	French	PDF
Abridged model	31/01/2016	05/07/2016	29/07/2016	French	PDF
Abridged model	31/01/2015	04/07/2015	28/07/2015	French	PDF
Abridged model	31/01/2014	25/06/2014	22/07/2014	French	PDF
Abridged model	31/01/2013	12/07/2013	24/07/2013	French	PDF
Abridged model	31/01/2012	13/07/2012	09/08/2012	French	PDF
Abridged model	31/01/2011	08/07/2011	29/07/2011	French	PDF
Abridged model	31/01/2010	02/07/2010	08/07/2010	French	PDF
Abridged model	31/01/2009	18/07/2009	17/08/2009	French	PDF
Abridged model	31/01/2008	19/07/2008	28/07/2008	French	PDF
Abridged model	31/01/2007	23/07/2007	02/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/01/2026 · 3 active · 2 ended

Active mandates

Gérald NOIRFALISSE

Managing director

Active

Jean-Luc NOIRFALISSE

Director

Active

Philippe NOIRFALISSE

Director

Active

Ended mandates

Gérald NOIRFALISSE

Manager

Ended

Yves NOIRFALISSE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office11/02/2019
SIEGE SOCIAL
PDF
Mandates09/05/2017
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Other09/05/2017
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/12/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates11/02/2016
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/01/2011
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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

2026
Annual accounts 2026105,4 k €↑
2025
Annual accounts 202564,1 k €↑
2024
Annual accounts 202450,5 k €↑
2023
Annual accounts 2023-265,2 k €↓
2022
Annual accounts 202222,4 k €↓
2021
Annual accounts 202132,2 k €↑
2020
Annual accounts 202021,6 k €↓
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 201851,1 k €↑
2017
Annual accounts 201747,2 k €↓
2016
Annual accounts 2016110,7 k €↓
2015
Annual accounts 2015238,4 k €↑
2014
Annual accounts 2014146,6 k €↑
2013
Annual accounts 2013111,2 k €↑
2012
Annual accounts 2012-28,3 k €↓
2011
Annual accounts 2011187,7 k €↓
2010
Annual accounts 2010212,4 k €↑
2009
Annual accounts 2009159,8 k €↓
2008
Annual accounts 2008175,1 k €↑
2007
Annual accounts 200796,5 k €
18/09/1982
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

CODEMI

Overview

What does CODEMI do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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