ACTIVE

CODES

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Financial year 2026 · Closed on 31/03/2026

Net result69,4 k €-9,6 %over 1 year

Gross margin133,7 k €-8,4 %over 1 year

Equity1,3 M €+5,6 %over 1 year

Identity

Source · BCE/KBO

CODES is a Private limited company incorporated in 2014. Its registered office is in Mechelen.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0546.698.730
Incorporation: 19/02/2014
Legal form: Private limited company
Registered office: Borchtstraat 30 box 303
2800 Mechelen · FlandreSee on map
Contributed capital: 135 000,00 €
Latest accounts: 31/03/2026

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	133,7 k €	-8.4%	146 k €	+2.1%	143 k €	-5.7%	151,7 k €	+23.0%	123,4 k €
EBITDA	132,8 k €	-8.5%	145,1 k €	+2.3%	141,9 k €	+15.8%	122,5 k €	-0.2%	122,7 k €
Operating result	106,1 k €	-10.4%	118,4 k €	+3.3%	114,7 k €	+20.5%	95,2 k €	-0.2%	95,4 k €
Net result	69,4 k €	-9.6%	76,8 k €	+7.0%	71,8 k €	+37.0%	52,4 k €	-0.9%	52,9 k €
Balance sheet
Equity	1,3 M €	+5.6%	1,2 M €	+24.0%	997,7 k €	+7.8%	925,9 k €	+6.0%	873,5 k €
Total assets	1,6 M €	-2.5%	1,6 M €	+7.8%	1,5 M €	+1.5%	1,5 M €	+0.8%	1,5 M €
Cash	56,1 k €	+270%	15,2 k €	-74.1%	58,7 k €	+105%	28,6 k €	+1014%	2,6 k €
Debts	287,3 k €	-27.7%	397,4 k €	-23.4%	518,7 k €	-8.5%	567,1 k €	-6.9%	609 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lise VAN BUGGENHOUT	Administrator - managersince 01/06/2022
Herman COLPIN	Administrator - managersince 18/02/2014Manager18/02/2014 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stephan DE SMET	Administrator - manager12/07/2016 → 06/05/2022Manager12/07/2016 → 2019 accounts
Godelieve DE SMET	Manager18/02/2014 → 12/07/2016

Other companies at this address

Borchtstraat 30 2800 Mechelen

Company	CBE no.
ACHILLES ASSOCIATES● Active	0871.895.485
Achilles Ventures● Active	0774.917.558
AEROPLANE● Active	0673.681.925
Dokter Herman Colpin● Active	0453.886.061
Foubrite● Active	1011.289.831
GIVET● Active	0631.750.508
Relife● Active	1000.175.809
Superellipse● Active	0691.752.926
TalloRes● Active	1026.905.544

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/10/2026	27/11/2025	15/10/2024	04/09/2023	12/10/2022	20/09/2021
General meeting	05/09/2026	06/09/2025	07/09/2024	02/09/2023	01/06/2022	04/09/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	05/09/2026	15/10/2026	Dutch	PDF
Micro model	31/03/2025	06/09/2025	27/11/2025	Dutch	PDF
Micro model	31/03/2024	07/09/2024	15/10/2024	Dutch	PDF
Micro model	31/03/2023	02/09/2023	04/09/2023	Dutch	PDF
Micro model	31/03/2022	01/06/2022	12/10/2022	Dutch	PDF
Micro model	31/03/2021	04/09/2021	20/09/2021	Dutch	PDF
Micro model	31/03/2020	05/09/2020	02/10/2020	Dutch	PDF
Micro model	31/03/2019	07/09/2019	11/10/2019	Dutch	PDF
Micro model	31/03/2018	01/09/2018	29/10/2018	Dutch	PDF
Abridged model	31/03/2017	02/09/2017	15/09/2017	Dutch	PDF
Abridged model	31/03/2016	03/09/2016	21/09/2016	Dutch	PDF
Abridged model	31/03/2015	05/09/2015	06/10/2015	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/03/2026

2 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Lise VAN BUGGENHOUT	Administrator - managersince 01/06/2022
Herman COLPIN	Administrator - managersince 18/02/2014Manager18/02/2014 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Stephan DE SMET	Administrator - manager12/07/2016 → 06/05/2022Manager12/07/2016 → 2019 accounts
Godelieve DE SMET	Manager18/02/2014 → 12/07/2016

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates29/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/07/2020
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/08/2016
Ontslag en benoeming zaakvoerder
PDF
Mandates09/03/2015
Ontslag/benoeming zaakvoerder
PDF
Mandates27/06/2014
Ontslag/benoeming zaakvoerder
PDF
Other21/02/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Lise VAN BUGGENHOUT

Herman COLPIN

Stephan DE SMET

Godelieve DE SMET

2014201520162017201820192020202120222023202420252026

CODES

Borchtstraat 30 bte 303, 2800 Mechelen

Administrator - manager

Administrator - managerManager

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Borchtstraat 30 bte 303, 2800 MechelenCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00561403

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CODESCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00561403

Events

2026
Annual accounts 202669,4 k €↓
2025
Annual accounts 202576,8 k €↑
2024
Annual accounts 202471,8 k €↑
2023
Annual accounts 202352,4 k €↓
2022
Annual accounts 202252,9 k €↑
2021
Annual accounts 202148,9 k €↑
2020
Annual accounts 202047,7 k €↓
2019
Annual accounts 201949 k €↑
2018
Annual accounts 201834,2 k €↓
2017
Annual accounts 201741,9 k €↓
2016
Annual accounts 201651,2 k €↑
2015
Annual accounts 2015-60,5 k €
19/02/2014
IncorporationPrivate limited company

CODES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events