ACTIVE

CODE ZERO

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Financial year 2025 · closed on 31/12/2025

Net result

10,8 k €

-81.6% YoY

Gross margin

47,8 k €

-55.1% YoY

Equity

144,6 k €

+8.1% YoY

What does CODE ZERO do?

CODE ZERO is a Private limited company incorporated in 2000. Its main activity is: Management consultancy activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.602.806

Incorporation

18/08/2000

Legal form

Private limited company

Registered office

Acacialaan 10
8301 Knokke-Heist · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ 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	47,8 k €	-55.1%	106,4 k €	+23.7%	86,0 k €	+1961%	4,2 k €	-91.5%	49,4 k €	-9.1%	54,3 k €	-13.2%	62,6 k €	-20.3%	78,5 k €	+93.3%	40,6 k €	+70.1%	23,9 k €	-73.6%	90,7 k €	+106%	44,0 k €	+97.1%	22,3 k €	-1.6%	22,7 k €	-20.5%	28,5 k €	+42.1%	20,1 k €	+19.1%	16,9 k €	-31.3%	24,5 k €	+119%	11,2 k €
EBITDA	45,5 k €	-56.9%	105,6 k €	+29.6%	81,5 k €	+24545%	330,8 €	-99.2%	41,9 k €	-13.6%	48,5 k €	-6.5%	51,9 k €	-28.9%	73,0 k €	+111%	34,6 k €	+71.8%	20,2 k €	-77.0%	87,7 k €	+120%	39,8 k €	+106%	19,3 k €	-2.5%	19,8 k €	-6.9%	21,3 k €	+19.9%	17,7 k €	+28.8%	13,8 k €	-42.7%	24,0 k €	+132%	10,3 k €
Operating result	24,8 k €	-71.9%	88,1 k €	+43.8%	61,3 k €	+325%	-27,2 k €	-354%	10,7 k €	-36.0%	16,8 k €	-2.1%	17,1 k €	-54.2%	37,4 k €	+176%	13,6 k €	+28.1%	10,6 k €	-86.7%	79,5 k €	+219%	25,0 k €	+180%	8,9 k €	-9.3%	9,8 k €	-20.1%	12,3 k €	+36.2%	9,0 k €	+2.3%	8,8 k €	-50.2%	17,8 k €	+126%	7,9 k €
Net result	10,8 k €	-81.6%	58,8 k €	+57.6%	37,3 k €	+215%	-32,5 k €	-2286%	1,5 k €	+414%	289,0 €	+90.3%	151,8 €	-99.3%	20,6 k €	+2996%	665,4 €	+2077%	30,6 €	-99.9%	59,7 k €	+304%	14,8 k €	+20748%	70,9 €	-94.1%	1,2 k €	+44.1%	835,9 €	+2951%	27,4 €	+61.7%	17,0 €	+806%	1,9 €	+100%	-3,0 k €
Balance sheet
Equity	144,6 k €	+8.1%	133,7 k €	+78.4%	75,0 k €	+99.0%	37,7 k €	-46.3%	70,1 k €	+2.2%	68,7 k €	+0.4%	68,4 k €	+0.2%	68,2 k €	+43.3%	47,6 k €	+1.4%	47,0 k €	+0.1%	46,9 k €	+102%	23,2 k €	+176%	8,4 k €	+0.9%	8,3 k €	+16.9%	7,1 k €	+13.3%	6,3 k €	+0.4%	6,3 k €	+0.3%	6,3 k €	+0.0%	6,3 k €
Total assets	453,5 k €	-6.8%	486,5 k €	+7.6%	452,2 k €	-3.7%	469,7 k €	-11.7%	532,1 k €	+1.7%	523,0 k €	-9.8%	579,7 k €	-6.5%	619,9 k €	+7.9%	574,4 k €	+210%	185,2 k €	-7.8%	200,9 k €	+19.1%	168,7 k €	-3.9%	175,5 k €	-1.5%	178,1 k €	-10.2%	198,4 k €	+16.7%	170,0 k €	-7.2%	183,2 k €	+7.8%	169,9 k €	-0.1%	170,1 k €
Cash	32,1 k €	-41.2%	54,6 k €	+691%	6,9 k €	+186%	2,4 k €	-94.3%	42,4 k €	-6.5%	45,3 k €	-47.6%	86,6 k €	+340%	19,7 k €	+218%	6,2 k €	-58.7%	15,0 k €	-39.5%	24,7 k €	+98.8%	12,4 k €	+1022%	1,1 k €	-88.3%	9,5 k €	-39.4%	15,6 k €	+53.0%	10,2 k €	+1023%	910,7 €	-24.3%	1,2 k €	+44.7%	831,3 €
Debts	308,9 k €	-12.4%	352,7 k €	-6.5%	377,2 k €	-12.7%	432,0 k €	-5.9%	459,3 k €	+1.5%	452,5 k €	-10.9%	507,7 k €	-7.3%	547,6 k €	+4.4%	524,8 k €	+285%	136,4 k €	-9.4%	150,6 k €	+6.5%	141,4 k €	-13.7%	163,8 k €	-1.2%	165,7 k €	-11.4%	187,0 k €	+17.8%	158,7 k €	-7.3%	171,2 k €	+7.1%	159,8 k €	-0.3%	160,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Wim Loncke

Director

Active

Ended mandates

WIM LONCKE

Manager · since 09 août 2020

Ended

Wim Loncke

Bestuurder

Ended

WIM LONCKE

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	28/07/2026	11/07/2025	18/07/2024	28/06/2023	12/09/2022	27/09/2021
General meeting	30/06/2026	06/06/2025	07/06/2024	24/06/2023	09/09/2022	24/09/2021
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	31/12/2025	30/06/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	06/06/2025	11/07/2025	Dutch	PDF
Abridged model	31/12/2023	07/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	28/06/2023	Dutch	PDF
Micro model	31/12/2021	09/09/2022	12/09/2022	Dutch	PDF
Micro model	31/12/2020	24/09/2021	27/09/2021	Dutch	PDF
Micro model	31/12/2019	07/10/2020	08/10/2020	Dutch	PDF
Micro model	31/12/2018	08/10/2019	08/10/2019	Dutch	PDF
Micro model	31/12/2017	27/09/2018	29/09/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	11/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	09/10/2013	Dutch	PDF
Abridged model	31/12/2011	17/08/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	26/07/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/09/2009	30/09/2009	Dutch	PDF
Abridged model	31/12/2007	05/08/2008	08/08/2008	Dutch	PDF
Abridged model	31/12/2006	12/11/2007	22/11/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 3 ended

Active mandates

Wim Loncke

Director

Active

Ended mandates

WIM LONCKE

Manager · since 09 août 2020

Ended

Wim Loncke

Bestuurder

Ended

WIM LONCKE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/05/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/04/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office21/05/2010
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares13/01/2006
KAPITAAL - AANDELEN - BOEKJAAR - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office29/03/2004
MAATSCHAPPELIJKE ZETEL
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 202510,8 k €↓
2024
Annual accounts 202458,8 k €↑
2023
Annual accounts 202337,3 k €↑
2023
Name changeCODE ZERO
2022
Annual accounts 2022-32,5 k €↓
2021
Annual accounts 20211,5 k €↑
2020
Annual accounts 2020289,0 €↑
2019
Annual accounts 2019151,8 €↓
2018
Annual accounts 201820,6 k €↑
2017
Annual accounts 2017665,4 €↑
2016
Annual accounts 201630,6 €↓
2015
Annual accounts 201559,7 k €↑
2014
Annual accounts 201414,8 k €↑
2013
Annual accounts 201370,9 €↓
2012
Annual accounts 20121,2 k €↑
2011
Annual accounts 2011835,9 €↑
2010
Annual accounts 201027,4 €↑
2009
Annual accounts 200917,0 €↑
2008
Annual accounts 20081,9 €↑
2007
Annual accounts 2007-3,0 k €
2007
Name changeBLUE SKY
18/08/2000
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

CODE ZERO

Overview

What does CODE ZERO do?

Trend over 19 financial years

Indicative valuation

Board of directors

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