ACTIVE

CODEFCO

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Financial year 2025 · closed on 30/09/2025

Net result

103,5 k €

-36.3% YoY

Gross margin

291,6 k €

-8.7% YoY

Equity

446,7 k €

-4.6% YoY

Workforce

2,7 ETP

+3.8% YoY

What does CODEFCO do?

CODEFCO is a Private limited company incorporated in 2000. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Brecht. It employs on average 2,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.070.690

Incorporation

08/06/2000

Legal form

Private limited company

Registered office

Bosstraat 3
2960 Brecht · FlandreSee on map

Contributed capital

19 000,00 €

Latest accounts

30/09/2025

Average workforce

2,7 ETP

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 31009Manufacture of furniture 31092Manufacture of other furniture 36142Water collection, treatment and supply+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	291,6 k €	-8.7%	319,3 k €	-24.3%	421,9 k €	+29.3%	326,3 k €	-12.5%	373,0 k €	+3.2%	361,6 k €	-29.1%	510,1 k €	+71.9%	296,6 k €	+35.8%	218,5 k €	-27.4%	300,9 k €	+5.2%	285,9 k €	+19.7%	238,9 k €	+7.0%	223,4 k €	+24.6%	179,3 k €	+17.1%	153,1 k €	+0.5%	152,3 k €	+40.5%	108,4 k €	-30.3%	155,7 k €	-13.2%	179,4 k €
EBITDA	128,7 k €	-19.6%	160,1 k €	-36.3%	251,2 k €	+33.2%	188,6 k €	-20.7%	237,9 k €	+28.6%	185,0 k €	-47.2%	350,1 k €	+250%	100,0 k €	+223%	30,9 k €	-75.0%	124,0 k €	+16.7%	106,3 k €	-9.4%	117,2 k €	+35.0%	86,9 k €	+46.0%	59,5 k €	+93.2%	30,8 k €	-53.7%	66,6 k €	+3950%	-1,7 k €	-103%	56,7 k €	-38.6%	92,4 k €
Operating result	125,9 k €	-21.1%	159,7 k €	-36.3%	250,8 k €	+34.7%	186,2 k €	-20.6%	234,5 k €	+30.1%	180,3 k €	-47.1%	340,7 k €	+257%	95,4 k €	+262%	26,4 k €	-77.5%	117,4 k €	+16.8%	100,5 k €	-12.0%	114,2 k €	+40.6%	81,2 k €	+67.9%	48,4 k €	+158%	18,7 k €	-65.8%	54,8 k €	+494%	-13,9 k €	-134%	41,2 k €	-49.7%	81,9 k €
Net result	103,5 k €	-36.3%	162,5 k €	-24.1%	214,1 k €	+96.1%	109,2 k €	-52.9%	231,6 k €	-18.1%	282,8 k €	+17.5%	240,7 k €	+241%	70,6 k €	+510%	-17,2 k €	-122%	78,5 k €	+13.2%	69,3 k €	-35.3%	107,2 k €	+91.1%	56,1 k €	-17.8%	68,2 k €	+375%	14,4 k €	-81.9%	79,4 k €	+9452%	-849,1 €	-103%	24,7 k €	-62.7%	66,2 k €
Balance sheet
Equity	446,7 k €	-4.6%	468,2 k €	+53.2%	305,7 k €	+132%	131,6 k €	+7.5%	122,5 k €	-76.5%	520,8 k €	-55.6%	1,2 M €	+25.8%	932,4 k €	+8.2%	861,8 k €	-2.0%	879,0 k €	+9.8%	800,5 k €	+9.5%	731,2 k €	+17.2%	624,0 k €	-13.1%	717,9 k €	+10.5%	649,6 k €	+2.3%	635,2 k €	+14.3%	555,8 k €	-0.2%	556,7 k €	+4.6%	532,0 k €
Total assets	546,9 k €	+3.3%	529,6 k €	-50.1%	1,1 M €	+22.1%	869,4 k €	-36.7%	1,4 M €	-11.9%	1,6 M €	+25.5%	1,2 M €	+18.8%	1,0 M €	+15.7%	903,2 k €	-0.1%	904,2 k €	+4.6%	864,1 k €	+2.0%	847,1 k €	+32.1%	641,2 k €	-14.0%	745,4 k €	+12.7%	661,6 k €	+2.5%	645,4 k €	+13.3%	569,7 k €	-1.4%	577,7 k €	+0.1%	576,9 k €
Cash	90,7 k €	-9.4%	100,0 k €	-49.3%	197,4 k €	+80.7%	109,3 k €	-29.0%	153,9 k €	+51.0%	101,9 k €	-83.6%	622,0 k €	+44.7%	430,0 k €	+35.2%	318,2 k €	+8.7%	292,6 k €	+378%	61,2 k €	-75.6%	250,7 k €	+377%	52,5 k €	-41.6%	89,9 k €	-59.2%	220,3 k €	+10.3%	199,8 k €	+7.8%	185,3 k €	+37.3%	134,9 k €	-1.5%	137,0 k €
Debts	99,3 k €	+64.2%	60,5 k €	-92.0%	754,6 k €	+2.3%	737,8 k €	-41.0%	1,2 M €	+20.5%	1,0 M €	+1405%	68,9 k €	-39.0%	113,0 k €	+173%	41,4 k €	+64.3%	25,2 k €	-60.3%	63,6 k €	-45.1%	115,9 k €	+574%	17,2 k €	-37.4%	27,5 k €	+130%	11,9 k €	+17.9%	10,1 k €	-25.5%	13,6 k €	-34.5%	20,7 k €	-53.8%	44,9 k €
Other
Workforce	2,7 ETP	+3.8%	2,6 ETP	-21.2%	3,3 ETP	+57.1%	2,1 ETP	-19.2%	2,6 ETP	-3.7%	2,7 ETP		–		–		–		2,6 ETP	-7.1%	2,8 ETP	0.0%	2,8 ETP	+55.6%	1,8 ETP	-35.7%	2,8 ETP	0.0%	2,8 ETP	0.0%	2,8 ETP	-9.7%	3,1 ETP	+72.2%	1,8 ETP	0.0%	1,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 12 ended

Active mandates

Anneke LAURYSSEN

Director · since 24 mars 2022

Active

APTM

Managing director · since 24 mars 2022 · 0734.430.847

Represented by Peter Lambrechts

Active

R.V.L

Director · since 24 mars 2022 · 0737.524.553

Represented by Maria Van den Broeck

Active

HOLDING TIAN

Managing director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Active

Ended mandates

HOLDING TIAN

Managing director · since 24 mars 2022 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Manager · since 28 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

At this address

Other companies at this address

Company	CBE no.
ALU-COATING● Active	0452.500.941
APTM● Active	0734.430.847
FAMILIE LAURYSSEN-VAN DEN BROECK● Active	0725.819.029
HOLDING TIAN● Active	0885.846.362
IMMO-LAURYSSEN● Active	0473.450.070
LAROB● Active	0428.126.326
Maatschap Anneke● Active	0746.709.364
Maatschap Tim● Active	0746.704.119
R.V.L● Active	0737.524.553

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	01/04/2026	17/04/2025	31/03/2024	28/04/2023	31/05/2022	30/04/2021
General meeting	21/01/2026	15/01/2025	17/01/2024	18/01/2023	19/01/2022	20/01/2021
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
Abridged model	30/09/2025	21/01/2026	01/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/01/2025	17/04/2025	Dutch	PDF
Abridged model	30/09/2023	17/01/2024	31/03/2024	Dutch	PDF
Abridged model	30/09/2022	18/01/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	19/01/2022	31/05/2022	Dutch	PDF
Abridged model	30/09/2020	20/01/2021	30/04/2021	Dutch	PDF
Abridged model	30/09/2019	15/01/2020	28/02/2020	Dutch	PDF
Abridged model	30/09/2018	16/01/2019	18/02/2019	Dutch	PDF
Abridged model	30/09/2017	17/01/2018	22/02/2018	Dutch	PDF
Abridged model	30/09/2016	18/01/2017	01/02/2017	Dutch	PDF
Abridged model	30/09/2015	20/01/2016	02/03/2016	Dutch	PDF
Abridged model	30/09/2014	15/01/2015	02/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/01/2014	26/02/2014	Dutch	PDF
Abridged model	30/09/2012	16/01/2013	20/02/2013	Dutch	PDF
Abridged model	30/09/2011	18/01/2012	28/02/2012	Dutch	PDF
Abridged model	30/09/2010	19/01/2011	26/01/2011	Dutch	PDF
Abridged model	30/09/2009	20/01/2010	06/04/2010	Dutch	PDF
Abridged model	30/09/2008	21/01/2009	23/02/2009	Dutch	PDF
Abridged model	30/09/2007	16/01/2008	22/01/2008	Dutch	PDF
Abridged model	30/09/2006	17/01/2007	01/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 4 active · 12 ended

Active mandates

Anneke LAURYSSEN

Director · since 24 mars 2022

Active

APTM

Managing director · since 24 mars 2022 · 0734.430.847

Represented by Peter Lambrechts

Active

R.V.L

Director · since 24 mars 2022 · 0737.524.553

Represented by Maria Van den Broeck

Active

HOLDING TIAN

Managing director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Active

Ended mandates

HOLDING TIAN

Managing director · since 24 mars 2022 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Director · since 29 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

HOLDING TIAN

Manager · since 28 janvier 2007 · 0885.846.362

Represented by Guido Lauryssen

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/03/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/02/2007
ONTSLAGEN - BENOEMINGEN
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 2025103,5 k €↓
2024
Annual accounts 2024162,5 k €↓
2023
Annual accounts 2023214,1 k €↑
2022
Annual accounts 2022109,2 k €↓
2022
Name changeCODEFCO
2021
Annual accounts 2021231,6 k €↓
2021
Name changeCODEFCO MANUFACTURING
2020
Annual accounts 2020282,8 k €↑
2019
Annual accounts 2019240,7 k €↑
2018
Annual accounts 201870,6 k €↑
2017
Annual accounts 2017-17,2 k €↓
2016
Annual accounts 201678,5 k €↑
2015
Annual accounts 201569,3 k €↓
2014
Annual accounts 2014107,2 k €↑
2013
Annual accounts 201356,1 k €↓
2012
Annual accounts 201268,2 k €↑
2011
Annual accounts 201114,4 k €↓
2010
Annual accounts 201079,4 k €↑
2009
Annual accounts 2009-849,1 €↓
2008
Annual accounts 200824,7 k €↓
2007
Annual accounts 200766,2 k €
08/06/2000
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

CODEFCO

Overview

What does CODEFCO 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