ACTIVE

CODAN

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Financial year 2024 · closed on 31/12/2024
Net result
1,5 M €
+422.9% YoY
Gross margin
1,4 M €
+578.6% YoY
Equity
6,3 M €
+31.8% YoY
Workforce
2,1 ETP
+31.3% YoY

What does CODAN do?

CODAN is a Public limited company incorporated in 1987. Its main activity is: Raising of horses and other equines. Its registered office is in Sint-Katelijne-Waver. It employs on average 2,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0430.222.912
Incorporation
07/01/1987
Legal form
Public limited company
Registered office
Kleuterstraat 33
2860 Sint-Katelijne-Waver · FlandreSee on map
Contributed capital
887 486,69 €
Latest accounts
31/12/2024
Average workforce
2,1 ETP
Activities (NACE)
01430Raising of horses and other equines· main01430Raising of horses and other equines46110Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods46110Agents involved in the sale of agricultural raw materials, live animals, textile raw materials and semi-finished goods47522Retail sale of hardware, paints and glass in specialised stores47522Retail sale of hardware, paints and glass in specialised stores+6
Joint committees (1)
  • 144
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin1,4 M €210,5 k €757,7 k €987,3 k €446,5 k €––––314,0 k €158,7 k €345,0 k €212,7 k €323,6 k €367,8 k €611,7 k €563,0 k €20,3 k €16,5 k €
EBITDA1,3 M €145,2 k €691,5 k €920,6 k €380,6 k €122,2 k €-8,2 k €523,4 k €146,0 k €310,8 k €155,7 k €341,6 k €209,8 k €321,2 k €360,4 k €608,9 k €560,2 k €18,1 k €15,2 k €
Operating result1,1 M €-1,0 k €547,4 k €718,1 k €235,3 k €52,3 k €-54,3 k €506,1 k €128,7 k €293,5 k €138,4 k €324,3 k €192,5 k €310,5 k €-143,3 k €581,7 k €535,5 k €-4,6 k €4,9 k €
Net result1,5 M €289,2 k €773,5 k €670,8 k €218,1 k €281,3 k €852,9 k €333,4 k €100,7 k €213,8 k €117,1 k €236,1 k €130,3 k €311,6 k €-155,3 k €408,7 k €402,1 k €-20,3 k €-2,5 k €
Balance sheet
Equity6,3 M €4,8 M €5,0 M €4,3 M €3,6 M €3,4 M €3,1 M €2,2 M €1,9 M €1,8 M €1,7 M €1,7 M €1,6 M €1,6 M €1,4 M €1,6 M €1,2 M €58,0 k €78,2 k €
Total assets9,8 M €6,1 M €6,0 M €5,3 M €5,0 M €4,8 M €4,2 M €2,6 M €2,0 M €2,0 M €1,9 M €1,9 M €1,8 M €1,7 M €1,5 M €1,8 M €1,7 M €730,1 k €354,3 k €
Cash611,0 k €614,0 k €1,3 M €495,6 k €335,9 k €176,8 k €682,0 k €75,7 k €379,1 k €296,9 k €131,9 k €21,6 k €116,2 k €375,1 k €35,6 k €40,3 k €99,4 k €30,3 k €17,2 k €
Debts3,2 M €1,3 M €902,1 k €979,5 k €1,4 M €1,4 M €1,1 M €306,0 k €78,5 k €183,5 k €178,3 k €175,2 k €147,6 k €140,3 k €31,9 k €180,8 k €452,8 k €663,8 k €276,0 k €
Other
Workforce2,1 ETP1,6 ETP1,5 ETP1,5 ETP1,5 ETP0,9 ETP1,5 ETP1,0 ETP–––––––––––
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 31/12/2024 · 2 active · 20 ended

Active mandates

IMUCO

Director · since 12 mai 2023 · until 11 mai 2029 · 0416.715.562

Represented by VERMEIREN INGRID

Active
MARC ANDRIES

Director · since 12 mai 2023 · until 11 mai 2029

Active

Ended mandates

IMUCO

Director · since 12 mai 2023 · until 11 mai 2029 · 0416.715.562

Represented by Ingrid VERMEIREN

Ended
IMUCO

Director · since 05 juin 2019 · until 04 juin 2025 · 0416.715.562

Represented by Ingrid VERMEIREN

Ended
IMUCO

Director · since 05 juin 2019 · until 05 juin 2025 · 0416.715.562

Represented by Ingrid Vermeiren

Ended
Marc ANDRIES

Managing director · since 05 juin 2019 · until 04 juin 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
Andries Racing Events● Active
1015.867.043
IMUCO● Active
0416.715.562
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/09/202510/10/202430/08/202331/08/202216/05/202230/11/2020
General meeting30/06/202530/06/202423/05/202330/06/202205/06/202105/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202430/06/202530/09/2025DutchPDF
Abridged model31/12/202330/06/202410/10/2024DutchPDF
Abridged model31/12/202223/05/202330/08/2023DutchPDF
Abridged model31/12/202130/06/202231/08/2022DutchPDF
Abridged model31/12/202005/06/202116/05/2022DutchPDF
Full model31/12/201905/06/202030/11/2020DutchPDF
Full model31/12/201805/06/201931/10/2019DutchPDF
Full model31/12/201705/06/201821/09/2018DutchPDF
Full model31/12/201606/06/201730/08/2017DutchPDF
Abridged model31/12/201506/06/201631/08/2016DutchPDF
Abridged model31/12/201405/06/201531/08/2015DutchPDF
Abridged model31/12/201305/06/201416/06/2014DutchPDF
Abridged model31/12/201205/06/201310/07/2013DutchPDF
Abridged model31/12/201105/06/201214/08/2012DutchPDF
Abridged model31/12/201006/06/201126/09/2011DutchPDF
Abridged model31/12/200907/06/201009/07/2010DutchPDF
Abridged model31/12/200805/06/200915/06/2009DutchPDF
Abridged model31/12/200705/06/200817/06/2008DutchPDF
Abridged model31/12/200605/06/200722/06/2007DutchPDF
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 31/12/2024 · 2 active · 20 ended

Active mandates

IMUCO

Director · since 12 mai 2023 · until 11 mai 2029 · 0416.715.562

Represented by VERMEIREN INGRID

Active
MARC ANDRIES

Director · since 12 mai 2023 · until 11 mai 2029

Active

Ended mandates

IMUCO

Director · since 12 mai 2023 · until 11 mai 2029 · 0416.715.562

Represented by Ingrid VERMEIREN

Ended
IMUCO

Director · since 05 juin 2019 · until 04 juin 2025 · 0416.715.562

Represented by Ingrid VERMEIREN

Ended
IMUCO

Director · since 05 juin 2019 · until 05 juin 2025 · 0416.715.562

Represented by Ingrid Vermeiren

Ended
Marc ANDRIES

Managing director · since 05 juin 2019 · until 04 juin 2025

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office26/04/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/02/2017
    DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Capital / shares31/01/2014
    KAPITAAL - AANDELEN
    PDF
  • Mandates19/12/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other23/02/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office20/03/2009
    | Zetelverplaatsing bij beslissing raad van bestuur
    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

Timeline

  1. 2024
    Annual accounts 20241,5 M €↑
  2. 2023
    Annual accounts 2023289,2 k €↓
  3. 2022
    Annual accounts 2022773,5 k €↑
  4. 2021
    Annual accounts 2021670,8 k €↑
  5. 2020
    Annual accounts 2020218,1 k €↓
  6. 2019
    Annual accounts 2019281,3 k €↓
  7. 2018
    Annual accounts 2018852,9 k €↑
  8. 2017
    Annual accounts 2017333,4 k €↑
  9. 2016
    Annual accounts 2016100,7 k €↓
  10. 2015
    Annual accounts 2015213,8 k €↑
  11. 2014
    Annual accounts 2014117,1 k €↓
  12. 2013
    Annual accounts 2013236,1 k €↑
  13. 2012
    Annual accounts 2012130,3 k €↓
  14. 2011
    Annual accounts 2011311,6 k €↑
  15. 2010
    Annual accounts 2010-155,3 k €↓
  16. 2009
    Annual accounts 2009408,7 k €↑
  17. 2008
    Annual accounts 2008402,1 k €↑
  18. 2007
    Annual accounts 2007-20,3 k €↓
  19. 2006
    Annual accounts 2006-2,5 k €
  20. 07/01/1987
    IncorporationPublic limited company