CODEX
0462.335.850 · rovalta.com · 21/09/2026
ACTIVE
CODEX
Financial year 2025 · closed on 30/09/2025
Net result
24,2 k €
+115.9% YoY
Gross margin
26,3 k €
+276.6% YoY
Equity
-335,7 k €
+6.7% YoY
Overview
What does CODEX do?
CODEX is a Public limited company incorporated in 1998. Its main activity is: Activities of holding companies. Its registered office is in Koksijde.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0462.335.850
Incorporation
02/01/1998
Legal form
Public limited company
Registered office
Zeedijk(Kok) 445 box 5b
8670 Koksijde · FlandreSee on map
8670 Koksijde · FlandreSee on map
Contributed capital
61 973,38 €
Latest accounts
30/09/2025
Activities (NACE)
Signals
ProfitablePositive cashflowPositive EBITDA
Available with a Rovalta subscriptionTry for 7 days
Financials
Trend over 18 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||
| Gross margin | 26,3 k € | +277% | 7,0 k € | -46.3% | 13,0 k € | -23.1% | 16,9 k € | +45.1% | 11,7 k € | -17.4% | 14,1 k € | -29.2% | 19,9 k € | +29.1% | 15,4 k € | +219% | 4,8 k € | +169% | -7,0 k € | -61.2% | -4,4 k € | -688% | 742,0 € | -97.5% | 30,0 k € | +653% | -5,4 k € | -144% | 12,3 k € | +19.3% | 10,3 k € | +191% | -11,3 k € | -1423% | -743,8 € |
| EBITDA | 25,3 k € | +117% | -150,5 k € | -1347% | 12,1 k € | -23.9% | 15,9 k € | +81.6% | 8,7 k € | -20.5% | 11,0 k € | -34.9% | 16,9 k € | +399% | 3,4 k € | +27.8% | 2,6 k € | +113% | -20,4 k € | -81.0% | -11,3 k € | +50.7% | -22,9 k € | -429% | 7,0 k € | +125% | -27,3 k € | -225% | -8,4 k € | +21.4% | -10,7 k € | +60.3% | -27,0 k € | -884% | -2,7 k € |
| Operating result | 24,3 k € | +116% | -151,6 k € | -1487% | 10,9 k € | -27.1% | 15,0 k € | +79.4% | 8,4 k € | -21.6% | 10,7 k € | -36.7% | 16,9 k € | +399% | 3,4 k € | +195% | -3,6 k € | +90.3% | -36,8 k € | -31.0% | -28,1 k € | +29.2% | -39,7 k € | -258% | -11,1 k € | +66.8% | -33,4 k € | -136% | -14,2 k € | +13.9% | -16,5 k € | +50.7% | -33,5 k € | -228% | -10,2 k € |
| Net result | 24,2 k € | +116% | -152,1 k € | -1560% | 10,4 k € | -28.0% | 14,5 k € | +85.0% | 7,8 k € | -22.2% | 10,0 k € | -38.4% | 16,3 k € | +476% | 2,8 k € | +179% | -3,6 k € | +90.3% | -36,8 k € | -28.9% | -28,6 k € | +28.3% | -39,8 k € | -257% | -11,2 k € | +67.5% | -34,4 k € | -130% | -15,0 k € | +10.1% | -16,6 k € | +50.5% | -33,6 k € | -210% | -10,8 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||
| Equity | -335,7 k € | +6.7% | -359,9 k € | -73.2% | -207,8 k € | +4.8% | -218,2 k € | +6.2% | -232,7 k € | +3.3% | -240,5 k € | +4.0% | -250,5 k € | +6.1% | -266,8 k € | +1.1% | -269,7 k € | -1.3% | -266,1 k € | -16.1% | -229,3 k € | -14.2% | -200,7 k € | -24.8% | -160,9 k € | +8.4% | -175,7 k € | -24.3% | -141,3 k € | -11.8% | -126,4 k € | -15.2% | -109,7 k € | -44.1% | -76,2 k € |
| Total assets | 17,3 k € | +68.6% | 10,2 k € | -93.9% | 166,7 k € | -1.1% | 168,5 k € | +2.8% | 163,9 k € | +0.3% | 163,4 k € | +1.7% | 160,7 k € | -0.5% | 161,4 k € | -0.9% | 162,9 k € | -3.8% | 169,3 k € | -8.8% | 185,7 k € | -8.0% | 201,7 k € | -9.0% | 221,8 k € | +7.9% | 205,5 k € | -1.7% | 209,2 k € | -25.9% | 282,2 k € | +2.7% | 274,8 k € | +1.2% | 271,6 k € |
| Cash | 4,7 k € | +2260% | 197,9 € | -70.7% | 675,3 € | -68.0% | 2,1 k € | +16.8% | 1,8 k € | +351% | 401,4 € | -24.3% | 530,5 € | -76.7% | 2,3 k € | +3403% | 65,0 € | -46.7% | 122,0 € | -57.3% | 286,0 € | +286% | 74,0 € | -66.1% | 218,0 € | -61.1% | 560,0 € | +1197% | 43,2 € | -86.7% | 324,4 € | -32.6% | 481,4 € | +1095% | 40,3 € |
| Debts | 353,0 k € | -4.6% | 370,1 k € | -1.2% | 374,5 k € | -3.2% | 386,7 k € | -2.5% | 396,5 k € | -1.8% | 403,9 k € | -1.8% | 411,2 k € | -4.0% | 428,3 k € | -1.0% | 432,6 k € | -0.7% | 435,4 k € | +4.9% | 415,0 k € | +3.1% | 402,5 k € | +5.2% | 382,6 k € | +0.4% | 381,2 k € | +8.8% | 350,5 k € | -14.2% | 408,6 k € | +11.7% | 365,8 k € | +5.2% | 347,7 k € |
| Other | |||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | 0.0% | 0,5 ETP | – | ||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 19 ended
Active mandates
Active
Luc Van Den Borre
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0829.620.511 |
Financials
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 | 09/03/2026 | 19/03/2025 | 18/03/2024 | 09/03/2023 | 08/03/2022 | 22/02/2021 |
| General meeting | 17/02/2026 | 18/02/2025 | 20/02/2024 | 20/02/2023 | 21/02/2022 | 16/02/2021 |
| 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 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/09/2025 | 17/02/2026 | 09/03/2026 | Dutch | |
| Micro model | 30/09/2024 | 18/02/2025 | 19/03/2025 | Dutch | |
| Micro model | 30/09/2023 | 20/02/2024 | 18/03/2024 | Dutch | |
| Micro model | 30/09/2022 | 20/02/2023 | 09/03/2023 | Dutch | |
| Micro model | 30/09/2021 | 21/02/2022 | 08/03/2022 | Dutch | |
| Micro model | 30/09/2020 | 16/02/2021 | 22/02/2021 | Dutch | |
| Micro model | 30/09/2019 | 18/02/2020 | 12/03/2020 | Dutch | |
| Micro model | 30/09/2018 | 19/02/2019 | 29/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 31/01/2018 | 21/02/2018 | Dutch | |
| Abridged model | 30/09/2016 | 20/01/2018 | 20/02/2018 | Dutch | |
| Abridged model | 30/09/2015 | 25/04/2016 | 27/04/2016 | Dutch | |
| Abridged model | 30/09/2014 | 17/02/2015 | 30/04/2015 | Dutch | |
| Abridged model | 30/09/2013 | 18/02/2014 | 14/03/2014 | Dutch | |
| Abridged model | 30/09/2011 | 21/02/2012 | 20/03/2012 | Dutch | |
| Abridged model | 30/09/2010 | 15/02/2011 | 11/03/2011 | Dutch | |
| Abridged model | 30/09/2009 | 22/06/2010 | 08/07/2010 | Dutch | |
| Abridged model | 30/09/2008 | 03/02/2009 | 07/09/2009 | Dutch | |
| Abridged model | 30/09/2007 | 19/02/2008 | 28/10/2008 | Dutch | |
| Abridged model | 30/09/2006 | 20/02/2007 | 20/03/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 30/09/2025 · 2 active · 19 ended
Active mandates
Active
Luc Van Den Borre
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other03/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
- Mandates13/03/2023ONTSLAGEN - BENOEMINGEN
- Mandates10/06/2016ONTSLAGEN - BENOEMINGEN
- Registered office30/05/2012MAATSCHAPPELIJKE ZETEL
- Registered office02/02/2011MAATSCHAPPELIJKE ZETEL
- Mandates10/09/2009ONTSLAGEN - BENOEMINGEN
- Registered office24/09/2008MAATSCHAPPELIJKE ZETEL
- Registered office03/12/2003MAATSCHAPPELIJKE ZETEL
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202524,2 k €↑
- 2024Annual accounts 2024-152,1 k €↓
- 2023Annual accounts 202310,4 k €↓
- 2022Annual accounts 202214,5 k €↑
- 2021Annual accounts 20217,8 k €↓
- 2020Annual accounts 202010,0 k €↓
- 2019Annual accounts 201916,3 k €↑
- 2018Annual accounts 20182,8 k €↑
- 2017Annual accounts 2017-3,6 k €↑
- 2016Annual accounts 2016-36,8 k €↓
- 2015Annual accounts 2015-28,6 k €↑
- 2014Annual accounts 2014-39,8 k €↓
- 2013Annual accounts 2013-11,2 k €↑
- 2011Annual accounts 2011-34,4 k €↓
- 2010Annual accounts 2010-15,0 k €↑
- 2009Annual accounts 2009-16,6 k €↑
- 2008Annual accounts 2008-33,6 k €↓
- 2007Annual accounts 2007-10,8 k €
- 02/01/1998IncorporationPublic limited company