ACTIVE

CODEHA

Financial year 2025 · closed on 31/12/2025
Net result
4,5 k €
+186.0% YoY
Gross margin
5,1 k €
+230.2% YoY
Equity
82,0 k €
+5.9% YoY

What does CODEHA do?

CODEHA is a Private limited company incorporated in 2000. Its registered office is in Lessines.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0473.022.577
Incorporation
12/10/2000
Legal form
Private limited company
Registered office
Chemin de Chièvres(L) 64
7860 Lessines · WallonieSee on map
Contributed capital
15 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252025202420232022202120202019201820172016201520142013201220112010200920082006
Income statement
Gross margin5,1 k €-3,9 k €1,8 k €2,6 k €5,1 k €3,2 k €6,8 k €9,4 k €7,2 k €17,6 k €11,7 k €11,5 k €12,6 k €12,1 k €12,5 k €12,1 k €10,4 k €8,9 k €1,5 k €5,8 k €
EBITDA4,6 k €-5,0 k €1,4 k €2,2 k €4,4 k €2,7 k €6,4 k €8,5 k €6,8 k €17,2 k €11,2 k €11,1 k €12,1 k €11,6 k €12,0 k €11,5 k €10,1 k €7,6 k €1,1 k €5,3 k €
Operating result4,4 k €-5,5 k €-872,0 €-2,6 k €-24,0 €-1,7 k €2,4 k €6,0 k €5,3 k €15,6 k €8,9 k €8,4 k €8,7 k €8,5 k €6,7 k €7,2 k €7,5 k €6,1 k €-554,0 €3,3 k €
Net result4,5 k €-5,3 k €-762,0 €-2,6 k €-47,0 €-1,8 k €1,9 k €4,4 k €4,2 k €10,1 k €6,4 k €6,2 k €6,4 k €6,3 k €5,0 k €5,6 k €5,9 k €4,5 k €-297,0 €2,5 k €
Balance sheet
Equity82,0 k €77,5 k €82,7 k €83,5 k €86,1 k €86,2 k €87,9 k €86,1 k €81,7 k €77,5 k €67,4 k €61,1 k €54,9 k €48,6 k €42,3 k €37,3 k €31,6 k €25,8 k €21,3 k €21,6 k €
Total assets82,0 k €78,1 k €83,8 k €84,8 k €89,2 k €88,0 k €88,3 k €89,4 k €87,3 k €84,6 k €70,2 k €61,2 k €56,9 k €51,8 k €43,0 k €37,6 k €33,5 k €27,9 k €22,0 k €23,6 k €
Cash71,3 k €64,6 k €72,0 k €80,8 k €68,9 k €67,7 k €69,7 k €78,9 k €76,8 k €73,7 k €66,0 k €54,9 k €49,2 k €39,9 k €31,4 k €22,9 k €23,4 k €12,6 k €18,2 k €18,6 k €
Debts22,0 €681,0 €1,0 k €1,3 k €3,0 k €1,8 k €403,0 €3,4 k €5,5 k €7,0 k €2,7 k €140,0 €2,0 k €3,2 k €737,0 €361,0 €1,9 k €2,1 k €715,0 €2,0 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 · 1 ended

Active mandates

Patricia Merschaert

Mandate

Active

Ended mandates

PASCAL DE HANDSCHUTTER

Manager

Ended
Annual accounts

Full financial information

202520252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year03/01/202503/01/202403/01/202303/01/202203/01/202103/01/2020
Closing of the financial year31/12/202502/01/202502/01/202402/01/202302/01/202202/01/2021
Length of the financial year12 months13 months13 months13 months13 months13 months
Filing date31/08/202630/08/202530/10/202430/10/202418/08/202225/10/2021
General meeting27/06/202627/06/202528/06/202430/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202527/06/202631/08/2026FrenchPDF
Micro model02/01/202527/06/202530/08/2025FrenchPDF
Micro model02/01/202428/06/202430/10/2024FrenchPDF
Micro model02/01/202330/06/202330/10/2024FrenchPDF
Micro model02/01/202224/06/202218/08/2022FrenchPDF
Micro model02/01/202125/06/202125/10/2021FrenchPDF
Micro model02/01/202008/09/202031/12/2020FrenchPDF
Micro model02/01/201928/06/201930/08/2019FrenchPDF
Abridged model02/01/201826/06/201830/09/2018FrenchPDF
Abridged model02/01/201730/06/201731/08/2017FrenchPDF
Abridged model02/01/201624/06/201619/08/2016FrenchPDF
Abridged model02/01/201526/06/201529/08/2015FrenchPDF
Abridged model02/01/201427/06/201428/08/2014FrenchPDF
Abridged model02/01/201328/06/201328/08/2013FrenchPDF
Abridged model02/01/201229/06/201221/08/2012FrenchPDF
Abridged model02/01/201124/06/201125/08/2011FrenchPDF
Abridged model02/01/201025/06/201015/07/2010FrenchPDF
Abridged model02/01/200926/06/200930/08/2009FrenchPDF
Abridged model02/01/200827/06/200818/08/2008FrenchPDF
Abridged model31/12/200629/06/200709/08/2007FrenchPDF
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 · 1 ended

Active mandates

Patricia Merschaert

Mandate

Active

Ended mandates

PASCAL DE HANDSCHUTTER

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/12/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
    PDF
  • Capital / shares18/05/2006
    CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    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

Timeline

  1. 2025
    Annual accounts 20254,5 k €
  2. 2025
    Annual accounts 2025-5,3 k €
  3. 2025
    Name changeCODEHA
  4. 2024
    Annual accounts 2024-762,0 €
  5. 2023
    Annual accounts 2023-2,6 k €
  6. 2022
    Annual accounts 2022-47,0 €
  7. 2022
    Name changeDE HANDSCHUTTER FIDUCIAIRE
  8. 2021
    Annual accounts 2021-1,8 k €
  9. 2020
    Annual accounts 20201,9 k €
  10. 2019
    Annual accounts 20194,4 k €
  11. 2018
    Annual accounts 20184,2 k €
  12. 2017
    Annual accounts 201710,1 k €
  13. 2016
    Annual accounts 20166,4 k €
  14. 2015
    Annual accounts 20156,2 k €
  15. 2014
    Annual accounts 20146,4 k €
  16. 2013
    Annual accounts 20136,3 k €
  17. 2012
    Annual accounts 20125,0 k €
  18. 2011
    Annual accounts 20115,6 k €
  19. 2010
    Annual accounts 20105,9 k €
  20. 2009
    Annual accounts 20094,5 k €
  21. 2008
    Annual accounts 2008-297,0 €
  22. 2006
    Annual accounts 20062,5 k €
  23. 12/10/2000
    IncorporationPrivate limited company