ACTIVE

CODELEM

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Financial year 2025 · closed on 30/09/2025

Net result

-97,4 €

-101.0% YoY

Equity

-181,3 k €

-0.1% YoY

What does CODELEM do?

CODELEM is a Private limited company incorporated in 1997. Its registered office is in Anderlecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.131.277

Incorporation

06/03/1997

Legal form

Private limited company

Registered office

Avenue Nellie Melba 105
1070 Anderlecht · BruxellesSee on map

Contributed capital

6 197,33 €

Latest accounts

30/09/2025

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	–		–		-7,8 k €	-158%	-3,0 k €	0.0%	-3,0 k €	+52.4%	-6,4 k €	-90.9%	-3,3 k €	+8.3%	-3,6 k €	-300%	-907,5 €	-1386%	-61,1 €	+99.4%	-10,0 k €		–		17,7 k €	+17.9%	15,0 k €		–		5,4 k €	+211%	1,7 k €	+100%	871,5 €
EBITDA	–		-1,3 k €	+83.4%	-7,8 k €	-158%	-3,0 k €	0.0%	-3,0 k €	+52.4%	-6,4 k €	-90.9%	-3,3 k €	+16.3%	-4,0 k €	-338%	-907,5 €	-1386%	-61,1 €	+99.6%	-15,1 k €		0,0 €	-100%	11,0 k €	-22.4%	14,2 k €		0,0 €	-100%	4,5 k €	+177%	1,6 k €	+749%	190,2 €
Operating result	–		-1,3 k €	+83.4%	-7,8 k €	-158%	-3,0 k €	0.0%	-3,0 k €	+52.4%	-6,4 k €	-90.9%	-3,3 k €	+16.3%	-4,0 k €	-338%	-907,5 €	-1386%	-61,1 €	+99.6%	-15,1 k €	-15562%	-96,2 €	-101%	10,9 k €	-20.3%	13,7 k €	+839%	-1,9 k €	-171%	2,6 k €	+1114%	-256,9 €	+84.7%	-1,7 k €
Net result	-97,4 €	-101%	9,8 k €	+226%	-7,8 k €	-158%	-3,0 k €	0.0%	-3,0 k €	+52.4%	-6,4 k €	-38.8%	-4,6 k €	-15.1%	-4,0 k €	+63.0%	-10,8 k €	-17511%	-61,1 €	+99.9%	-44,2 k €	-3933%	-1,1 k €	-110%	10,7 k €	+471%	1,9 k €	+185%	-2,2 k €	-194%	2,3 k €	+219%	-2,0 k €	+1.4%	-2,0 k €
Balance sheet
Equity	-181,3 k €	-0.1%	-181,2 k €	+5.1%	-191,0 k €	-4.3%	-183,2 k €	-1.7%	-180,1 k €	-1.7%	-177,1 k €	-3.7%	-170,8 k €	-2.8%	-166,2 k €	-2.5%	-162,2 k €	-7.1%	-151,4 k €	-0.0%	-151,4 k €	-41.3%	-107,2 k €	-1.9%	-105,1 k €	+9.2%	-115,8 k €	+1.6%	-117,7 k €	-1.9%	-115,5 k €	+2.0%	-117,8 k €	-1.7%	-115,8 k €
Total assets	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	0.0%	116,0 k €	-2.4%	118,8 k €	0.0%	118,8 k €	-4.6%	124,5 k €	-8.8%	136,6 k €	+7.3%	127,3 k €	-1.5%	129,3 k €	-2.5%	132,6 k €	-0.7%	133,5 k €	+0.5%	132,9 k €
Cash	–		–		–		–		–		–		–		–		–		–		–		–		11,9 k €	+508%	2,0 k €	-56.6%	4,5 k €	-25.1%	6,0 k €	-39.5%	9,9 k €	+235%	3,0 k €
Debts	297,2 k €	+0.0%	297,2 k €	-3.2%	307,0 k €	+2.6%	299,2 k €	+1.0%	296,1 k €	+1.0%	293,1 k €	+2.2%	286,7 k €	+1.6%	282,2 k €	+1.4%	278,2 k €	+2.9%	270,3 k €	+0.0%	270,2 k €	+16.6%	231,7 k €	-4.1%	241,7 k €	-0.6%	243,1 k €	-1.6%	246,9 k €	-0.5%	248,1 k €	-1.3%	251,3 k €	+1.0%	248,8 k €

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Etienne de le Court

Director

Active

Ended mandates

Etienne de le Court

Director · since 26 décembre 2023

Ended

Etienne DE LE COURT

Manager · since 05 septembre 1997

Ended

Etienne de la Court

Manager · since 05 mars 1997

Ended

Etienne de le Court

Manager · since 05 mars 1997

Ended

At this address

Other companies at this address

Company	CBE no.
LASANTE● Liquidation	0425.187.325
ZARCO BELGIUM● Active	0887.508.626

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	02/04/2025	05/09/2024	30/11/2023	30/11/2023	30/11/2023
General meeting	31/03/2026	01/04/2025	12/04/2024	28/11/2023	28/11/2023	28/11/2023
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	30/09/2025	31/03/2026	31/03/2026	French	PDF
Micro model	30/09/2024	01/04/2025	02/04/2025	French	PDF
Micro model	30/09/2023	12/04/2024	05/09/2024	French	PDF
Micro model	30/09/2022	28/11/2023	30/11/2023	French	PDF
Micro model	30/09/2021	28/11/2023	30/11/2023	French	PDF
Micro model	30/09/2020	28/11/2023	30/11/2023	French	PDF
Micro model	30/09/2019	25/05/2020	25/05/2020	French	PDF
Micro model	30/09/2018	25/05/2020	25/05/2020	French	PDF
Micro model	30/09/2017	25/05/2020	25/05/2020	French	PDF
Abridged model	30/09/2016	25/05/2020	25/05/2020	French	PDF
Abridged model	30/09/2015	25/05/2020	25/05/2020	French	PDF
Abridged model	30/09/2014	09/03/2015	09/03/2015	French	PDF
Abridged model	30/09/2013	09/03/2015	09/03/2015	French	PDF
Abridged model	30/09/2012	09/03/2015	09/03/2015	French	PDF
Abridged model	30/09/2011	05/03/2015	06/03/2015	French	PDF
Abridged model	30/09/2010	05/03/2015	05/03/2015	French	PDF
Abridged model	30/09/2009	03/03/2015	03/03/2015	French	PDF
Abridged model	30/09/2008	02/10/2009	03/03/2015	French	PDF
Abridged model	30/09/2007	28/03/2008	03/03/2015	French	PDF
Abridged model	30/09/2006	27/09/2007	23/11/2007	French	PDF

Estimate

Indicative valuation

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 30/09/2025 · 1 active · 4 ended

Active mandates

Etienne de le Court

Director

Active

Ended mandates

Etienne de le Court

Director · since 26 décembre 2023

Ended

Etienne DE LE COURT

Manager · since 05 septembre 1997

Ended

Etienne de la Court

Manager · since 05 mars 1997

Ended

Etienne de le Court

Manager · since 05 mars 1997

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-97,4 €↓
2024
Annual accounts 20249,8 k €↑
2023
Annual accounts 2023-7,8 k €↓
2022
Annual accounts 2022-3,0 k €↑
2021
Annual accounts 2021-3,0 k €↑
2020
Annual accounts 2020-6,4 k €↓
2019
Annual accounts 2019-4,6 k €↓
2018
Annual accounts 2018-4,0 k €↑
2017
Annual accounts 2017-10,8 k €↓
2016
Annual accounts 2016-61,1 €↑
2015
Annual accounts 2015-44,2 k €↓
2014
Annual accounts 2014-1,1 k €↓
2012
Annual accounts 201210,7 k €↑
2011
Annual accounts 20111,9 k €↑
2010
Annual accounts 2010-2,2 k €↓
2009
Annual accounts 20092,3 k €↑
2008
Annual accounts 2008-2,0 k €↑
2007
Annual accounts 2007-2,0 k €
06/03/1997
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

CODELEM

Overview

What does CODELEM do?

Trend over 18 financial years

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

Similar companies

Similar companies

Timeline