ACTIVE

CODEWI

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

20,8 k €

+11.6% YoY

Gross margin

60,5 k €

+1.6% YoY

Equity

183,6 k €

+12.8% YoY

What does CODEWI do?

CODEWI is a Public limited company incorporated in 1989. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.015.187

Incorporation

22/03/1989

Legal form

Public limited company

Registered office

Opstalplein (SCH) 22
9200 Dendermonde · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ 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	60,5 k €	+1.6%	59,6 k €	+31.5%	45,3 k €	-8.9%	49,7 k €	+54.6%	32,2 k €	+14.0%	28,2 k €	+4.2%	27,1 k €	+6.2%	25,5 k €	-13.4%	29,5 k €	-11.3%	33,2 k €	+0.7%	33,0 k €	+3.7%	31,8 k €	+11.2%	28,6 k €	-2.2%	29,3 k €	+19.6%	24,5 k €	+52.9%	16,0 k €	+6.1%	15,1 k €	-15.4%	17,8 k €	-22.6%	23,0 k €	+3.0%	22,4 k €
EBITDA	56,7 k €	+4.6%	54,2 k €	+29.3%	41,9 k €	-9.0%	46,1 k €	+59.5%	28,9 k €	+12.4%	25,7 k €	+4.1%	24,7 k €	+2.1%	24,2 k €	-11.2%	27,2 k €	-12.3%	31,1 k €	+0.8%	30,8 k €	+4.0%	29,7 k €	+12.0%	26,5 k €	-2.6%	27,2 k €	+21.0%	22,5 k €	+59.9%	14,1 k €	+7.0%	13,1 k €	-17.7%	16,0 k €	-25.1%	21,3 k €	+3.1%	20,7 k €
Operating result	34,2 k €	+11.4%	30,7 k €	+66.9%	18,4 k €	-22.4%	23,7 k €	+160%	9,1 k €	+53.6%	5,9 k €	-45.6%	10,9 k €	-16.9%	13,1 k €	-43.1%	23,1 k €	-13.5%	26,7 k €	+4.2%	25,6 k €	+0.7%	25,4 k €	+21.7%	20,9 k €	+12.7%	18,5 k €	-3.8%	19,3 k €	+99.2%	9,7 k €	+38.5%	7,0 k €	+27.3%	5,5 k €	-49.3%	10,8 k €	+11.9%	9,7 k €
Net result	20,8 k €	+11.6%	18,6 k €	+77.4%	10,5 k €	-43.2%	18,5 k €	+259%	5,2 k €	+106%	2,5 k €	-73.1%	9,3 k €	-16.7%	11,2 k €	-46.8%	21,0 k €	-11.6%	23,8 k €	+4.6%	22,7 k €	-0.9%	22,9 k €	+16.9%	19,6 k €	+9.6%	17,9 k €	-4.5%	18,7 k €	+142%	7,7 k €	+22.5%	6,3 k €	+8.9%	5,8 k €	-31.3%	8,4 k €	+42.0%	5,9 k €
Balance sheet
Equity	183,6 k €	+12.8%	162,8 k €	+2.5%	158,8 k €	-10.7%	177,9 k €	+11.6%	159,4 k €	+3.3%	154,3 k €	+1.6%	151,8 k €	+0.7%	150,7 k €	+2.2%	147,5 k €	+3.5%	142,5 k €	+5.0%	135,7 k €	+5.2%	129,0 k €	+6.5%	121,1 k €	+6.7%	113,4 k €	+5.5%	107,5 k €	+6.7%	100,8 k €	+8.3%	93,1 k €	+7.3%	86,8 k €	+7.2%	81,0 k €	+11.6%	72,5 k €
Total assets	344,4 k €	-7.8%	373,5 k €	-5.8%	396,5 k €	-6.8%	425,2 k €	-1.0%	429,4 k €	-4.7%	450,7 k €	+47.8%	305,0 k €	-0.5%	306,6 k €	+82.4%	168,1 k €	-1.3%	170,3 k €	-4.4%	178,1 k €	+19.4%	149,2 k €	+10.1%	135,6 k €	-17.0%	163,3 k €	+24.3%	131,4 k €	+17.2%	112,1 k €	+18.7%	94,4 k €	+4.0%	90,8 k €	+10.1%	82,5 k €	-0.5%	82,9 k €
Cash	60,6 k €	-10.0%	67,3 k €	+3.4%	65,0 k €	-0.2%	65,2 k €	+2.0%	64,0 k €	+26.5%	50,6 k €	+4.8%	48,3 k €	-46.1%	89,5 k €	-2.7%	92,0 k €	-4.6%	96,4 k €	-3.4%	99,9 k €	+32.0%	75,6 k €	+35.1%	56,0 k €	+3.3%	54,2 k €	-23.4%	70,8 k €	+43.5%	49,3 k €	+4.4%	47,2 k €	+5.8%	44,7 k €	+63.0%	27,4 k €	+65.5%	16,6 k €
Debts	157,1 k €	-25.2%	210,0 k €	-11.6%	237,5 k €	-3.9%	247,1 k €	-8.4%	269,8 k €	-8.9%	296,3 k €	+93.6%	153,1 k €	-1.7%	155,8 k €	+661%	20,5 k €	-25.9%	27,6 k €	-34.6%	42,2 k €	+111%	20,1 k €	+40.1%	14,3 k €	-69.1%	46,3 k €	+157%	18,0 k €	+594%	2,6 k €	+121%	1,2 k €	-69.7%	3,9 k €	+186%	1,4 k €	-87.0%	10,4 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Ben Cooreman

Managing director · since 25 juin 2022 · until 25 juin 2028

Active

Katleen Van Keer

Director · since 25 juin 2022 · until 25 juin 2028

Active

Ended mandates

Ben Cooreman

Managing director · since 24 juin 2022 · until 24 juin 2028

Ended

Katleen Van Keer

Director · since 24 juin 2022 · until 24 juin 2028

Ended

Ben Cooreman

Managing director · since 25 juin 2016 · until 24 juin 2022

Ended

Katleen Van Keer

Director · since 25 juin 2016 · until 24 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
Caves de France● Active	0406.208.977

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	18/08/2026	28/07/2025	25/06/2024	20/06/2023	30/06/2022	31/05/2021
General meeting	30/06/2026	21/06/2025	25/05/2024	27/05/2023	18/06/2022	29/05/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	18/08/2026	Dutch	PDF
Micro model	31/12/2024	21/06/2025	28/07/2025	Dutch	PDF
Micro model	31/12/2023	25/05/2024	25/06/2024	Dutch	PDF
Micro model	31/12/2022	27/05/2023	20/06/2023	Dutch	PDF
Micro model	31/12/2021	18/06/2022	30/06/2022	Dutch	PDF
Micro model	31/12/2020	29/05/2021	31/05/2021	Dutch	PDF
Micro model	31/12/2019	30/05/2020	02/06/2020	Dutch	PDF
Micro model	31/12/2018	15/06/2019	05/07/2019	Dutch	PDF
Micro model	31/12/2017	23/06/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	23/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	27/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/06/2007	05/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 16 ended

Active mandates

Ben Cooreman

Managing director · since 25 juin 2022 · until 25 juin 2028

Active

Katleen Van Keer

Director · since 25 juin 2022 · until 25 juin 2028

Active

Ended mandates

Ben Cooreman

Managing director · since 24 juin 2022 · until 24 juin 2028

Ended

Katleen Van Keer

Director · since 24 juin 2022 · until 24 juin 2028

Ended

Ben Cooreman

Managing director · since 25 juin 2016 · until 24 juin 2022

Ended

Katleen Van Keer

Director · since 25 juin 2016 · until 24 juin 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2011
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/08/2009
ONTSLAGEN - BENOEMINGEN
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 202520,8 k €↑
2024
Annual accounts 202418,6 k €↑
2023
Annual accounts 202310,5 k €↓
2022
Annual accounts 202218,5 k €↑
2021
Annual accounts 20215,2 k €↑
2020
Annual accounts 20202,5 k €↓
2019
Annual accounts 20199,3 k €↓
2018
Annual accounts 201811,2 k €↓
2017
Annual accounts 201721,0 k €↓
2016
Annual accounts 201623,8 k €↑
2015
Annual accounts 201522,7 k €↓
2014
Annual accounts 201422,9 k €↑
2013
Annual accounts 201319,6 k €↑
2012
Annual accounts 201217,9 k €↓
2011
Annual accounts 201118,7 k €↑
2010
Annual accounts 20107,7 k €↑
2009
Annual accounts 20096,3 k €↑
2008
Annual accounts 20085,8 k €↓
2007
Annual accounts 20078,4 k €↑
2006
Annual accounts 20065,9 k €
22/03/1989
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

CODEWI

Overview

What does CODEWI 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