ACTIVE

ARCODE

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Financial year 2025 · closed on 31/12/2025

Net result

69,8 k €

+19.3% YoY

Gross margin

136,9 k €

+17.7% YoY

Equity

324,5 k €

+27.4% YoY

What does ARCODE do?

ARCODE is a Private limited company incorporated in 1989. Its registered office is in Molenbeek-Saint-Jean.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.778.796

Incorporation

27/12/1989

Legal form

Private limited company

Registered office

Boulevard Belgica 35
1080 Molenbeek-Saint-Jean · BruxellesSee on map

Contributed capital

142 538,78 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	136,9 k €	+17.7%	116,2 k €	+6.8%	108,8 k €	+59.1%	68,4 k €	-3.0%	70,5 k €	-14.6%	82,5 k €	+10.1%	75 k €	+35.2%	55,5 k €	-17.6%	67,3 k €	-1.0%	68 k €	-33.8%	102,6 k €	+36.8%	75 k €	+16.3%	64,5 k €	-29.5%	91,4 k €	+52.2%	60,1 k €	+22.0%	49,3 k €	+2.6%	48 k €	-74.7%	190,1 k €	+593%	27,4 k €
EBITDA	120,8 k €	+15.9%	104,2 k €	+8.1%	96,4 k €	+69.4%	56,9 k €	-4.1%	59,3 k €	-14.9%	69,7 k €	+7.5%	64,8 k €	+19.1%	54,4 k €	-8.6%	59,5 k €	+2.4%	58,2 k €	-28.1%	80,9 k €	+50.9%	53,6 k €	+2.3%	52,4 k €	-36.7%	82,8 k €	+37.5%	60,2 k €	+47.9%	40,7 k €	-1.1%	41,2 k €	-77.0%	179,2 k €	+691%	22,7 k €
Operating result	95,8 k €	+20.9%	79,3 k €	+11.0%	71,4 k €	+124%	32 k €	+3.1%	31 k €	+3.5%	30 k €	+42.6%	21 k €	+1.2%	20,8 k €	-5.5%	22 k €	+14.8%	19,1 k €	-56.4%	44 k €	+192%	15,1 k €	-29.8%	21,5 k €	-57.3%	50,3 k €	+231%	15,2 k €	+535%	-3,5 k €	+96.3%	-94,1 k €	-162%	152,3 k €	+528%	-35,6 k €
Net result	69,8 k €	+19.3%	58,5 k €	+9.9%	53,2 k €	+131%	23 k €	+11.3%	20,7 k €	+6.9%	19,4 k €	+42.2%	13,6 k €	-41.4%	23,2 k €	-4.5%	24,3 k €	+19.0%	20,5 k €	-50.5%	41,4 k €	+1555%	-2,8 k €	-209%	2,6 k €	-98.3%	155,7 k €	+539%	-35,5 k €	+70.2%	-119 k €	+39.1%	-195,6 k €	-286%	104,9 k €	+247%	-71,6 k €
Balance sheet
Equity	324,5 k €	+27.4%	254,7 k €	+29.8%	196,2 k €	+37.2%	143 k €	+19.2%	120 k €	+71.5%	69,9 k €	+38.3%	50,6 k €	+156%	19,8 k €	+675%	-3,4 k €	+87.6%	-27,8 k €	+42.4%	-48,2 k €	+46.2%	-89,6 k €	-3.3%	-86,8 k €	+2.9%	-89,4 k €	+63.5%	-245,1 k €	-16.9%	-209,6 k €	-131%	-90,6 k €	-186%	105 k €	+184044%	57 €
Total assets	1 M €	+6.6%	962,2 k €	-0.7%	969,3 k €	+7.1%	904,9 k €	+1.6%	890,4 k €	+7.0%	832,3 k €	+3.0%	808,3 k €	-4.7%	848,3 k €	-1.2%	858,9 k €	-0.7%	865 k €	-2.9%	890,8 k €	-1.0%	900,2 k €	+0.2%	898,1 k €	-3.4%	929,8 k €	-4.0%	969 k €	-4.7%	1 M €	-6.8%	1,1 M €	+36.0%	802,3 k €	-20.2%	1 M €
Cash	423 k €	+24.7%	339,2 k €	+4.4%	324,8 k €	+41.4%	229,8 k €	+17.0%	196,4 k €	+96.8%	99,8 k €	+140%	41,7 k €	-42.8%	72,9 k €	+46.3%	49,8 k €	+280%	13,1 k €	-40.4%	22 k €	+516%	3,6 k €	+23.7%	2,9 k €	-34.5%	4,4 k €	+127%	1,9 k €	-88.0%	16,2 k €	-54.5%	35,7 k €	-90.7%	383,5 k €	+2560%	14,4 k €
Debts	661,3 k €	-0.4%	663,9 k €	-9.7%	734,9 k €	+1.8%	721,6 k €	-0.9%	728,1 k €	+1.8%	715,2 k €	+0.9%	708,9 k €	+13.7%	623,7 k €	-3.4%	645,4 k €	-3.7%	670,4 k €	-6.0%	713,1 k €	-5.9%	757,7 k €	+1.4%	747,3 k €	-3.9%	777,9 k €	-19.8%	969,9 k €	+11.0%	873,6 k €	+5.7%	826,6 k €	+92.3%	429,8 k €	-42.0%	740,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 18 ended

Active mandates

Clara Richard

Director · since 27 décembre 2023

Active

Ended mandates

Richard Christine

Director · since 27 décembre 2023

Ended

Clara Louise Richard

Director · since 20 mai 2020 · until 20 mai 2026

Ended

Gostynski Julia

Director · since 20 mai 2020 · until 27 décembre 2023

Ended

Gostynski Julia

Director · since 20 mai 2020 · until 20 mai 2026

Ended

At this address

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BOEKHANDEL JUSTUS LIPSIUS - LIBRAIRIE JUSTUS LIPSIUS - BOOKSTORE JUSTUS LIPSIUS● Active	0402.722.620
GALLE-GRYSPEERDT● Active	0450.110.286
Immobilière Paola● Active	0414.692.717
MADRUGA● Active	0434.810.418
Waerenborg● Active	0418.288.348

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	29/07/2026	30/07/2025	15/07/2024	25/05/2023	11/08/2022	23/06/2021
General meeting	20/05/2026	13/06/2025	21/05/2024	17/05/2023	18/05/2022	26/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	20/05/2026	29/07/2026	French	PDF
Micro model	31/12/2024	13/06/2025	30/07/2025	French	PDF
Micro model	31/12/2023	21/05/2024	15/07/2024	French	PDF
Micro model	31/12/2022	17/05/2023	25/05/2023	French	PDF
Micro model	31/12/2021	18/05/2022	11/08/2022	French	PDF
Micro model	31/12/2020	26/05/2021	23/06/2021	French	PDF
Micro model	31/12/2019	20/05/2020	22/06/2020	French	PDF
Abridged model	31/12/2018	10/04/2019	23/07/2019	French	PDF
Abridged model	31/12/2017	16/05/2018	14/06/2018	French	PDF
Abridged model	31/12/2016	17/05/2017	17/05/2017	French	PDF
Abridged model	31/12/2015	28/10/2016	07/12/2016	French	PDF
Abridged model	31/12/2014	18/05/2015	05/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	12/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	20/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	06/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 1 active · 18 ended

Active mandates

Clara Richard

Director · since 27 décembre 2023

Active

Ended mandates

Richard Christine

Director · since 27 décembre 2023

Ended

Clara Louise Richard

Director · since 20 mai 2020 · until 20 mai 2026

Ended

Gostynski Julia

Director · since 20 mai 2020 · until 27 décembre 2023

Ended

Gostynski Julia

Director · since 20 mai 2020 · until 20 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates29/07/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2016
DEMISSIONS, NOMINATIONS
PDF
Registered office13/01/2016
SIEGE SOCIAL
PDF
Mandates21/01/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2014
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 202569,8 k €↑
2024
Annual accounts 202458,5 k €↑
2023
Annual accounts 202353,2 k €↑
2022
Annual accounts 202223 k €↑
2021
Annual accounts 202120,7 k €↑
2019
Annual accounts 201919,4 k €↑
2018
Annual accounts 201813,6 k €↓
2017
Annual accounts 201723,2 k €↓
2016
Annual accounts 201624,3 k €↑
2015
Annual accounts 201520,5 k €↓
2014
Annual accounts 201441,4 k €↑
2013
Annual accounts 2013-2,8 k €↓
2012
Annual accounts 20122,6 k €↓
2011
Annual accounts 2011155,7 k €↑
2010
Annual accounts 2010-35,5 k €↑
2009
Annual accounts 2009-119 k €↑
2008
Annual accounts 2008-195,6 k €↓
2007
Annual accounts 2007104,9 k €↑
2006
Annual accounts 2006-71,6 k €
27/12/1989
IncorporationPrivate 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

ARCODE

Overview

What does ARCODE do?

Trend over 19 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