ACTIVE

Codens

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Financial year 2025 · closed on 30/09/2025
Net result
52,2 k €
-19.0% YoY
Gross margin
70,3 k €
-18.6% YoY
Equity
122,3 k €
+1.9% YoY

What does Codens do?

Codens is a Public limited company incorporated in 2013. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Houthulst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0541.642.555
Incorporation
05/11/2013
Legal form
Public limited company
Registered office
9e-Linieplein 5
8650 Houthulst · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
30/09/2025
Activities (NACE)
63100Data processing, hosting and related activities; web portals· main63110Data processing, hosting and related activities58290Other software publishing58290Other software publishing62010Computer programming activities62020Computer consultancy activities+6
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212018201720162015
Income statement
Gross margin70,3 k €86,3 k €124,7 k €67 k €48,8 k €-12,7 k €-121,3 k €-138,8 k €334,5 k €
EBITDA69,8 k €85,8 k €124,6 k €66,5 k €48,8 k €-14,1 k €-122,3 k €-140,6 k €333 k €
Operating result69,8 k €85,8 k €124,6 k €66,5 k €48,8 k €-15,7 k €-125,2 k €-145,8 k €322,4 k €
Net result52,2 k €64,4 k €120,5 k €66,8 k €48,6 k €-15,9 k €-118,4 k €-145 k €155,1 k €
Balance sheet
Equity122,3 k €120 k €105,6 k €135,1 k €140,3 k €139,2 k €155,1 k €273,4 k €418,4 k €
Total assets212,2 k €260,6 k €349,9 k €263,3 k €305,9 k €210,4 k €208 k €335,9 k €483,2 k €
Cash39 k €69,7 k €96,6 k €68,1 k €140,2 k €84,5 k €81,3 k €201,4 k €461,5 k €
Debts90 k €140,6 k €244,3 k €128,1 k €164,8 k €63,9 k €45,9 k €21,2 k €20,8 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 14 ended

Active mandates

D'ELFGEMETE

Managing director · since 01 février 2016 · 0645.997.333

Represented by Waerenburgh SIMON

Active
MIA

Managing director · since 01 février 2016 · 0641.878.791

Represented by Declerck DAVY JOËL A

Active

Ended mandates

D'ELFGEMETE

Director · since 01 février 2016 · until 26 février 2021 · 0645.997.333

Represented by Simon Waerenburgh

Ended
D'ELFGEMETE

Managing director · since 01 février 2016 · until 26 février 2021 · 0645.997.333

Represented by Simon Waerenburgh

Ended
MIA

Managing director · since 01 février 2016 · until 26 février 2021 · 0641.878.791

Represented by Davy Declerck

Ended
MIA

Director · since 01 février 2016 · until 26 février 2021 · 0641.878.791

Represented by Davy Declerck

Ended
At this address

Other companies at this address

CompanyCBE no.
Advocatenkantoor Fien Decap● Active
1016.620.772
D'ELFGEMETE● Active
0645.997.333
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/03/202625/03/202525/03/202421/03/202313/04/202227/04/2021
General meeting28/02/202628/02/202529/02/202428/02/202328/02/202226/02/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202528/02/202623/03/2026DutchPDF
Micro model30/09/202428/02/202525/03/2025DutchPDF
Micro model30/09/202329/02/202425/03/2024DutchPDF
Micro model30/09/202228/02/202321/03/2023DutchPDF
Micro model30/09/202128/02/202213/04/2022DutchPDF
Abridged model30/09/202026/02/202127/04/2021DutchPDF
Abridged model30/09/201928/02/202027/03/2020DutchPDF
Abridged model30/09/201828/02/201920/03/2019DutchPDF
Abridged model30/09/201716/03/201827/03/2018DutchPDF
Abridged model30/09/201628/02/201722/03/2017DutchPDF
Abridged model30/09/201529/02/201623/03/2016DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 active · 14 ended

Active mandates

D'ELFGEMETE

Managing director · since 01 février 2016 · 0645.997.333

Represented by Waerenburgh SIMON

Active
MIA

Managing director · since 01 février 2016 · 0641.878.791

Represented by Declerck DAVY JOËL A

Active

Ended mandates

D'ELFGEMETE

Director · since 01 février 2016 · until 26 février 2021 · 0645.997.333

Represented by Simon Waerenburgh

Ended
D'ELFGEMETE

Managing director · since 01 février 2016 · until 26 février 2021 · 0645.997.333

Represented by Simon Waerenburgh

Ended
MIA

Managing director · since 01 février 2016 · until 26 février 2021 · 0641.878.791

Represented by Davy Declerck

Ended
MIA

Director · since 01 février 2016 · until 26 février 2021 · 0641.878.791

Represented by Davy Declerck

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/05/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office14/05/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates27/04/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/02/2015
    BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    PDF
  • Registered office17/10/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other07/11/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202552,2 k €↓
  2. 2024
    Annual accounts 202464,4 k €↓
  3. 2023
    Annual accounts 2023120,5 k €↑
  4. 2022
    Annual accounts 202266,8 k €↑
  5. 2021
    Annual accounts 202148,6 k €↑
  6. 2018
    Annual accounts 2018-15,9 k €↑
  7. 2017
    Annual accounts 2017-118,4 k €↑
  8. 2016
    Annual accounts 2016-145 k €↓
  9. 2015
    Annual accounts 2015155,1 k €
  10. 05/11/2013
    IncorporationPublic limited company