ACTIVE

RAINCODE

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Financial year 2025 · closed on 31/12/2025

Net result

-306,4 k €

+57.7% YoY

Revenue

3,8 M €

+18.7% YoY

Equity

3,4 M €

-7.9% YoY

Workforce

21,0 ETP

-5.8% YoY

What does RAINCODE do?

RAINCODE is a Private limited company incorporated in 1990. Its main activity is: Computer programming activities. Its registered office is in Bruxelles. It employs on average 21,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0440.804.820

Incorporation

11/05/1990

Legal form

Private limited company

Registered office

Rue de la Caserne 45
1000 Bruxelles · BruxellesSee on map

Contributed capital

36 020,23 €

Latest accounts

31/12/2025

Average workforce

21,0 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities 18130Pre-press and pre-media services 18130Pre-press and pre-media services 26110Manufacture of electronic components+5

Joint committees (2)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ 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
Revenue	3,8 M €	+18.7%	3,2 M €	-29.8%	4,5 M €	+13.6%	4,0 M €	-8.1%	4,4 M €	-14.8%	5,1 M €	-14.3%	6,0 M €		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	507,9 k €	+590%	-103,7 k €	-180%	129,2 k €	-67.8%	401,1 k €	-6.4%	428,4 k €	-25.4%	574,1 k €	+4.3%	550,3 k €	+30.6%	421,2 k €	+17.0%	359,9 k €	+27.6%	282,0 k €	+30.3%	216,4 k €	+34.4%	161,1 k €	+29.8%	124,1 k €	-38.4%	201,4 k €	-5.5%	213,0 k €	-16.9%	256,5 k €	+1062%	22,1 k €	-70.5%	74,8 k €	-18.3%	91,6 k €	+56.6%	58,5 k €
Operating result	-134,2 k €	+80.4%	-686,0 k €	-33.3%	-514,7 k €	-537%	117,9 k €	+31.8%	89,5 k €	-49.2%	176,1 k €	+73.1%	101,7 k €	+286%	26,3 k €	-41.2%	44,8 k €	-4.5%	46,9 k €	-34.0%	71,0 k €	+139%	29,7 k €	+67.4%	17,8 k €	-84.7%	115,9 k €	-20.0%	144,9 k €	-24.3%	191,3 k €	+1236%	-16,8 k €	-139%	42,9 k €	-32.0%	63,0 k €	+54.7%	40,8 k €
Net result	-306,4 k €	+57.7%	-724,3 k €	-4.9%	-690,2 k €	-2614%	27,5 k €	-10.6%	30,7 k €	-73.7%	116,7 k €	+148%	47,1 k €	+1020%	4,2 k €	+141%	1,7 k €	+195%	-1,8 k €	+94.9%	-35,9 k €	-1528%	2,5 k €	+482%	-657,9 €	-101%	106,2 k €	-2.3%	108,7 k €	-64.3%	304,6 k €	+1574%	-20,7 k €	-147%	43,5 k €	+11.5%	39,0 k €	+9.4%	35,7 k €
Balance sheet
Equity	3,4 M €	-7.9%	3,7 M €	-16.3%	4,5 M €	+576%	658,7 k €	+4.3%	631,2 k €	+5.1%	600,5 k €	+24.1%	483,8 k €	+10.8%	436,7 k €	+1.0%	432,5 k €	+0.4%	430,7 k €	-0.4%	432,6 k €	-7.7%	468,5 k €	+0.5%	466,0 k €	-0.1%	466,6 k €	+11.0%	420,4 k €	+9.6%	383,8 k €	+214%	122,4 k €	-14.4%	143,0 k €	+43.7%	99,5 k €	+64.5%	60,5 k €
Total assets	6,7 M €	-1.5%	6,8 M €	-10.2%	7,5 M €	+35.0%	5,6 M €	-3.3%	5,8 M €	-7.3%	6,2 M €	-3.9%	6,5 M €	+2.6%	6,3 M €	+25.0%	5,1 M €	+51.1%	3,3 M €	+57.2%	2,1 M €	+7.4%	2,0 M €	+31.2%	1,5 M €	-23.8%	2,0 M €	+21.7%	1,6 M €	-11.7%	1,8 M €	+578%	271,7 k €	-15.6%	321,9 k €	+23.9%	259,9 k €	+6.2%	244,7 k €
Cash	2,0 M €	+130%	867,8 k €	-38.0%	1,4 M €	+503%	232,2 k €	-66.1%	684,0 k €	-23.0%	888,2 k €	+123%	398,6 k €	-13.9%	462,9 k €	+104%	226,6 k €	+6.2%	213,4 k €	+54.7%	138,0 k €	-29.2%	194,9 k €	+297%	49,1 k €	+23.5%	39,8 k €	-20.3%	49,9 k €	-63.4%	136,3 k €	+2542%	5,2 k €	-58.8%	12,5 k €	-11.0%	14,1 k €	+269%	3,8 k €
Debts	1,9 M €	+2.2%	1,9 M €	-13.7%	2,2 M €	-55.1%	4,9 M €	-4.2%	5,1 M €	-8.6%	5,6 M €	-6.2%	6,0 M €	+2.0%	5,8 M €	+27.5%	4,6 M €	+59.4%	2,9 M €	+73.6%	1,7 M €	+12.4%	1,5 M €	+46.8%	1,0 M €	-31.8%	1,5 M €	+26.5%	1,2 M €	-17.7%	1,4 M €	+847%	149,3 k €	-16.5%	178,8 k €	+11.5%	160,3 k €	-13.0%	184,2 k €
Other
Workforce	21,0 ETP	-5.8%	22,3 ETP	-26.9%	30,5 ETP	-23.9%	40,1 ETP	-4.1%	41,8 ETP	-13.6%	48,4 ETP	-13.4%	55,9 ETP	+9.4%	51,1 ETP	+19.7%	42,7 ETP	+28.6%	33,2 ETP	+29.2%	25,7 ETP	+19.0%	21,6 ETP	+32.5%	16,3 ETP	+38.1%	11,8 ETP	+21.6%	9,7 ETP	+36.6%	7,1 ETP	+22.4%	5,8 ETP	+3.6%	5,6 ETP	+21.7%	4,6 ETP	0.0%	4,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

BOUMKE & CO

Director · since 01 avril 2022 · 0782.299.852

Represented by Darius BLASBAND

Active

KOGI

Director · since 01 avril 2022 · 0781.851.276

Represented by Juan DIEZ PEREZ

Active

L’EGG

Director · since 01 avril 2022 · 0782.301.040

Represented by Alain CORCHIA

Active

Ended mandates

BOUMKE & CO

Director · since 01 avril 2022 · 0782.299.852

Represented by Darius BLASBAND

Ended

Alain CORCHIA

Director

Ended

Alain CORCHIA

Manager

Ended

Darius BLASBAND

Administrator - manager

Ended

At this address

Other companies at this address

Company	CBE no.
BOUMKE & CO● Active	0782.299.852
ERTMS SOLUTIONS● Active	0897.249.802
LOGIC TOOLS● Active	0797.715.132
RAINCODE GROUP UNITE TVA● Active	0849.341.601

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	03/07/2026	25/07/2025	03/07/2024	06/07/2023	01/07/2022	17/08/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	23/05/2023	10/05/2022	30/06/2021
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
Full model	31/12/2025	12/05/2026	03/07/2026	French	PDF
Full model	31/12/2024	13/05/2025	25/07/2025	French	PDF
Full model	31/12/2023	14/05/2024	03/07/2024	French	PDF
Full model	31/12/2022	23/05/2023	06/07/2023	French	PDF
Full model	31/12/2021	10/05/2022	01/07/2022	French	PDF
Full model	31/12/2020	30/06/2021	17/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	08/10/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	26/09/2018	French	PDF
Abridged model	31/12/2016	27/06/2017	24/08/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	18/08/2016	French	PDF
Abridged model	31/12/2014	26/06/2015	08/07/2015	French	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	27/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	24/06/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	02/07/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	22/07/2009	French	PDF
Abridged model	31/12/2007	27/06/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 3 active · 10 ended

Active mandates

BOUMKE & CO

Director · since 01 avril 2022 · 0782.299.852

Represented by Darius BLASBAND

Active

KOGI

Director · since 01 avril 2022 · 0781.851.276

Represented by Juan DIEZ PEREZ

Active

L’EGG

Director · since 01 avril 2022 · 0782.301.040

Represented by Alain CORCHIA

Active

Ended mandates

BOUMKE & CO

Director · since 01 avril 2022 · 0782.299.852

Represented by Darius BLASBAND

Ended

Alain CORCHIA

Director

Ended

Alain CORCHIA

Manager

Ended

Darius BLASBAND

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares08/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Restructuring01/09/2023
DENOMINATION - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring16/06/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Mandates16/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/07/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2010
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - DIVERS
PDF
Capital / shares24/02/2004
ASSEMBLEE GENERALE - 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

2025
Annual accounts 2025-306,4 k €↑
2024
Annual accounts 2024-724,3 k €↓
2023
Annual accounts 2023-690,2 k €↓
2023
Name changeRAINCODE
2022
Annual accounts 202227,5 k €↓
2021
Annual accounts 202130,7 k €↓
2021
Name changePHIDANI SOFTWARE
2020
Annual accounts 2020116,7 k €↑
2019
Annual accounts 201947,1 k €↑
2018
Annual accounts 20184,2 k €↑
2017
Annual accounts 20171,7 k €↑
2016
Annual accounts 2016-1,8 k €↑
2015
Annual accounts 2015-35,9 k €↓
2014
Annual accounts 20142,5 k €↑
2013
Annual accounts 2013-657,9 €↓
2012
Annual accounts 2012106,2 k €↓
2011
Annual accounts 2011108,7 k €↓
2010
Annual accounts 2010304,6 k €↑
2009
Annual accounts 2009-20,7 k €↓
2008
Annual accounts 200843,5 k €↑
2007
Annual accounts 200739,0 k €↑
2006
Annual accounts 200635,7 k €
11/05/1990
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

RAINCODE

Overview

What does RAINCODE 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