ACTIVE

CODEL

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Financial year 2024 · closed on 30/06/2024

Net result

22,7 k €

-6.5% YoY

Gross margin

53,0 k €

-7.2% YoY

Equity

281,8 k €

+8.8% YoY

What does CODEL do?

CODEL is a Private company with limited liability incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Jabbeke.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.668.359

Incorporation

20/08/1996

Legal form

Private company with limited liability

Registered office

Grote Thems 116
8490 Jabbeke · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/06/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 68310Real estate agencies 68311Real estate agencies 70311Activities of head offices; management consultancy activities+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	53,0 k €	-7.2%	57,1 k €	-26.4%	77,6 k €	+20.4%	64,5 k €	+10.2%	58,5 k €	+81.0%	32,3 k €	-26.1%	43,8 k €	-24.0%	57,6 k €	+0.7%	57,2 k €	-14.9%	67,2 k €	-52.3%	140,9 k €	+97.7%	71,3 k €	+55.7%	45,8 k €	+316%	11,0 k €	-57.0%	25,6 k €	-67.5%	78,8 k €	+20.0%	65,6 k €	+23.9%	53,0 k €
EBITDA	45,8 k €	-10.7%	51,3 k €	-29.9%	73,2 k €	+21.0%	60,5 k €	+11.9%	54,1 k €	+89.7%	28,5 k €	-27.3%	39,2 k €	-25.8%	52,9 k €	-2.2%	54,1 k €	-15.6%	64,1 k €	-53.5%	137,9 k €	+102%	68,2 k €	+58.6%	43,0 k €	+541%	6,7 k €	-69.7%	22,2 k €	-71.3%	77,3 k €	+21.4%	63,7 k €	+27.4%	50,0 k €
Operating result	35,6 k €	-6.2%	38,0 k €	-36.7%	60,0 k €	+27.1%	47,2 k €	+15.8%	40,8 k €	+197%	13,7 k €	-44.9%	24,9 k €	-33.2%	37,4 k €	+0.9%	37,0 k €	-11.9%	42,1 k €	-63.6%	115,4 k €	+142%	47,6 k €	+167%	17,9 k €	+180%	-22,2 k €	-151%	-8,9 k €	-118%	48,8 k €	+32.1%	37,0 k €	+142%	15,3 k €
Net result	22,7 k €	-6.5%	24,3 k €	-40.4%	40,7 k €	+29.3%	31,5 k €	-0.6%	31,7 k €	+194%	10,8 k €	-45.7%	19,8 k €	-32.3%	29,3 k €	+19.9%	24,5 k €	-26.4%	33,2 k €	-61.5%	86,3 k €	+109%	41,4 k €	+559%	6,3 k €	+116%	-39,8 k €	-168%	-14,9 k €	-164%	23,3 k €	+24.1%	18,8 k €	+123%	8,4 k €
Balance sheet
Equity	281,8 k €	+8.8%	259,1 k €	-1.9%	264,1 k €	-16.0%	314,5 k €	+11.1%	283,1 k €	+8.1%	261,9 k €	+4.3%	251,1 k €	+4.9%	239,3 k €	+5.9%	226,0 k €	+4.9%	215,5 k €	+4.5%	206,3 k €	+37.5%	150,0 k €	+28.6%	116,6 k €	+5.7%	110,3 k €	-26.5%	150,1 k €	-9.0%	165,0 k €	+16.5%	141,7 k €	+15.3%	122,9 k €
Total assets	396,2 k €	+0.2%	395,2 k €	+4.6%	377,8 k €	-11.0%	424,7 k €	+7.7%	394,2 k €	+0.5%	392,2 k €	-3.4%	406,0 k €	+3.1%	394,0 k €	+3.2%	381,7 k €	+9.8%	347,6 k €	-0.7%	350,2 k €	+32.5%	264,2 k €	-10.5%	295,2 k €	-13.4%	340,8 k €	+8.5%	314,0 k €	-0.1%	314,4 k €	-2.5%	322,3 k €	-16.4%	385,6 k €
Cash	4,9 k €	+42.6%	3,5 k €	-13.4%	4,0 k €	+160%	1,5 k €	-54.2%	3,4 k €	+4383%	75,0 €	-99.7%	26,8 k €	+221%	8,4 k €	-15.3%	9,9 k €	+13129%	74,6 €	-99.7%	24,6 k €	+339%	5,6 k €	+159%	2,2 k €	+144%	883,7 €	-77.1%	3,9 k €	-67.1%	11,7 k €	+682%	1,5 k €	-93.6%	23,6 k €
Debts	112,7 k €	-16.6%	135,2 k €	+19.1%	113,6 k €	+3.2%	110,1 k €	-0.9%	111,1 k €	-14.7%	130,2 k €	-15.9%	154,8 k €	+0.2%	154,6 k €	-0.6%	155,6 k €	+17.8%	132,1 k €	-8.2%	143,9 k €	+27.9%	112,5 k €	-37.0%	178,6 k €	-22.5%	230,5 k €	+41.6%	162,7 k €	+10.4%	147,4 k €	-18.4%	180,7 k €	-31.2%	262,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2024 · 2 active · 2 ended

Active mandates

Lucrèce DELBEKE

Director · since 20 août 1996

Active

Patrick COULIER

Director · since 20 août 1996

Active

Ended mandates

Lucrèce DELBEKE

Manager · since 20 août 1996

Ended

Patrick COULIER

Manager · since 20 août 1996

Ended

At this address

Other companies at this address

Company	CBE no.
e-TROVA● Active	0770.965.106

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/02/2025	12/02/2024	30/01/2023	27/01/2022	15/02/2021	31/01/2020
General meeting	31/12/2024	30/12/2023	29/12/2022	23/12/2021	12/02/2021	26/12/2019
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2024	31/12/2024	14/02/2025	Dutch	PDF
Micro model	30/06/2023	30/12/2023	12/02/2024	Dutch	PDF
Micro model	30/06/2022	29/12/2022	30/01/2023	Dutch	PDF
Micro model	30/06/2021	23/12/2021	27/01/2022	Dutch	PDF
Micro model	30/06/2020	12/02/2021	15/02/2021	Dutch	PDF
Micro model	30/06/2019	26/12/2019	31/01/2020	Dutch	PDF
Micro model	30/06/2018	27/12/2018	01/02/2019	Dutch	PDF
Micro model	30/06/2017	21/12/2017	01/02/2018	Dutch	PDF
Abridged model	30/06/2016	20/12/2016	30/01/2017	Dutch	PDF
Abridged model	30/06/2015	28/12/2015	15/01/2016	Dutch	PDF
Abridged model	30/06/2014	28/12/2014	16/01/2015	Dutch	PDF
Abridged model	30/06/2013	07/02/2014	12/02/2014	Dutch	PDF
Abridged model	30/06/2012	31/12/2012	08/03/2013	Dutch	PDF
Abridged model	30/06/2011	30/12/2011	22/02/2012	Dutch	PDF
Abridged model	30/06/2010	31/12/2010	25/02/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	24/02/2010	Dutch	PDF
Abridged model	30/06/2008	26/12/2008	17/02/2009	Dutch	PDF
Abridged model	30/06/2007	07/12/2007	25/01/2008	Dutch	PDF
Abridged model	30/06/2006	29/12/2006	18/01/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/06/2024 · 2 active · 2 ended

Active mandates

Lucrèce DELBEKE

Director · since 20 août 1996

Active

Patrick COULIER

Director · since 20 août 1996

Active

Ended mandates

Lucrèce DELBEKE

Manager · since 20 août 1996

Ended

Patrick COULIER

Manager · since 20 août 1996

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares25/02/2004
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2024
Annual accounts 202422,7 k €↓
2023
Annual accounts 202324,3 k €↓
2022
Annual accounts 202240,7 k €↑
2021
Annual accounts 202131,5 k €↓
2020
Annual accounts 202031,7 k €↑
2019
Annual accounts 201910,8 k €↓
2018
Annual accounts 201819,8 k €↓
2017
Annual accounts 201729,3 k €↑
2016
Annual accounts 201624,5 k €↓
2015
Annual accounts 201533,2 k €↓
2014
Annual accounts 201486,3 k €↑
2013
Annual accounts 201341,4 k €↑
2012
Annual accounts 20126,3 k €↑
2011
Annual accounts 2011-39,8 k €↓
2010
Annual accounts 2010-14,9 k €↓
2009
Annual accounts 200923,3 k €↑
2008
Annual accounts 200818,8 k €↑
2007
Annual accounts 20078,4 k €
20/08/1996
IncorporationPrivate company with limited liability

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

CODEL

Overview

What does CODEL do?

Trend over 18 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