ACTIVE

Code 42

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Financial year 2025 · closed on 31/12/2025
Net result
38,8 k €
+43.3% YoY
Gross margin
78,7 k €
+58.3% YoY
Equity
1,9 k €
-96.4% YoY

What does Code 42 do?

Code 42 is a Private limited company incorporated in 2013. Its main activity is: Computer programming activities. Its registered office is in Evere.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0541.615.732
Incorporation
04/11/2013
Legal form
Private limited company
Registered office
Rue H. Van Hamme 89
1140 Evere · BruxellesSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities62020Computer consultancy activities62030Computer facilities management activities62090Other information technology and computer service activities62200Computer programming, consultancy and related activities+1
Signals
ProfitablePositive cashflowPositive EBITDA
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021201920182017201620152014
Income statement
Gross margin78,7 k €49,7 k €71,7 k €46,9 k €50,6 k €41,5 k €35,0 k €31,5 k €32,7 k €43,1 k €51,6 k €
EBITDA74,0 k €47,5 k €69,3 k €46,4 k €50,1 k €38,6 k €32,5 k €29,7 k €30,1 k €42,4 k €48,4 k €
Operating result67,4 k €43,7 k €67,5 k €45,1 k €48,9 k €25,4 k €18,5 k €15,5 k €16,5 k €38,0 k €43,9 k €
Net result38,8 k €27,1 k €46,6 k €33,0 k €22,5 k €12,3 k €15,1 k €-4,9 k €12,1 k €23,7 k €43,9 k €
Balance sheet
Equity1,9 k €53,1 k €203,5 k €180,9 k €147,9 k €103,1 k €90,8 k €75,7 k €80,7 k €68,5 k €44,9 k €
Total assets234,7 k €257,4 k €267,7 k €251,4 k €228,7 k €174,4 k €166,8 k €159,8 k €176,2 k €82,9 k €58,6 k €
Cash49,2 k €76,6 k €216,6 k €212,0 k €205,7 k €126,2 k €123,9 k €105,1 k €94,5 k €32,4 k €30,9 k €
Debts232,8 k €204,3 k €64,3 k €70,5 k €80,8 k €71,3 k €76,0 k €84,1 k €95,5 k €14,3 k €13,7 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

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

Active mandates

CLAUDE MICHIELS

Director · since 31 octobre 2013

Active

Ended mandates

Claude Michiels

Manager · since 04 novembre 2013

Ended
CLAUDE MICHIELS

Manager · since 31 octobre 2013

Ended
Claude Michiels

Manager · since 30 octobre 2013

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202607/06/202526/08/202414/06/202308/06/202230/06/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202204/06/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202505/06/202627/08/2026FrenchPDF
Micro model31/12/202406/06/202507/06/2025FrenchPDF
Micro model31/12/202307/06/202426/08/2024FrenchPDF
Micro model31/12/202202/06/202314/06/2023FrenchPDF
Micro model31/12/202103/06/202208/06/2022FrenchPDF
Micro model31/12/202004/06/202130/06/2021FrenchPDF
Micro model31/12/201905/06/202009/06/2020FrenchPDF
Micro model31/12/201807/06/201908/06/2019FrenchPDF
Micro model31/12/201701/06/201818/06/2018FrenchPDF
Micro model31/12/201602/06/201715/06/2017FrenchPDF
Abridged model31/12/201503/06/201619/06/2016FrenchPDF
Abridged model31/12/201405/06/201513/06/2015FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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

CLAUDE MICHIELS

Director · since 31 octobre 2013

Active

Ended mandates

Claude Michiels

Manager · since 04 novembre 2013

Ended
CLAUDE MICHIELS

Manager · since 31 octobre 2013

Ended
Claude Michiels

Manager · since 30 octobre 2013

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office08/11/2024
    SIEGE SOCIAL
    PDF
  • Mandates05/09/2024
    MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Other14/11/2013
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202538,8 k €↑
  2. 2024
    Annual accounts 202427,1 k €↓
  3. 2023
    Annual accounts 202346,6 k €↑
  4. 2022
    Annual accounts 202233,0 k €↑
  5. 2021
    Annual accounts 202122,5 k €↑
  6. 2019
    Annual accounts 201912,3 k €↓
  7. 2018
    Annual accounts 201815,1 k €↑
  8. 2017
    Annual accounts 2017-4,9 k €↓
  9. 2016
    Annual accounts 201612,1 k €↓
  10. 2015
    Annual accounts 201523,7 k €↓
  11. 2014
    Annual accounts 201443,9 k €
  12. 04/11/2013
    IncorporationPrivate limited company