BADCODE
0550.609.810 · rovalta.com · 21/09/2026
ACTIVE
BADCODE
Financial year 2025 · closed on 31/12/2025
Net result
2,8 k €
-94.9% YoY
Gross margin
35,2 k €
-60.5% YoY
Equity
194,3 k €
+1.5% YoY
Overview
What does BADCODE do?
BADCODE is a Private company with limited liability incorporated in 2014. Its registered office is in Enghien.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0550.609.810
Incorporation
14/04/2014
Legal form
Private company with limited liability
Registered office
Chaussée d'Ath 249
7850 Enghien · WallonieSee on map
7850 Enghien · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 11 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||
| Gross margin | 35,2 k € | -60.5% | 89,2 k € | +21.5% | 73,4 k € | +238% | 21,7 k € | -71.3% | 75,6 k € | +79.3% | 42,2 k € | +24.0% | 34 k € | +1005% | -3,8 k € | -30.8% | -2,9 k € | +69.6% | -9,5 k € | -145% | 21,1 k € |
| EBITDA | 35,1 k € | -60.4% | 88,6 k € | +23.1% | 72 k € | +248% | 20,7 k € | -72.5% | 75,3 k € | +79.9% | 41,8 k € | +24.3% | 33,7 k € | +920% | -4,1 k € | -27.5% | -3,2 k € | +67.7% | -10 k € | -149% | 20,4 k € |
| Operating result | 18,8 k € | -76.4% | 79,8 k € | +12.4% | 71 k € | +275% | 18,9 k € | -74.1% | 73 k € | +82.5% | 40 k € | +21.4% | 33 k € | +903% | -4,1 k € | -27.5% | -3,2 k € | +67.7% | -10 k € | -151% | 19,5 k € |
| Net result | 2,8 k € | -94.9% | 55,4 k € | -9.9% | 61,5 k € | +645% | 8,3 k € | -85.7% | 57,6 k € | +75.1% | 32,9 k € | +19.0% | 27,6 k € | +765% | -4,2 k € | -26.1% | -3,3 k € | +67.1% | -10 k € | -170% | 14,3 k € |
| Balance sheet | |||||||||||||||||||||
| Equity | 194,3 k € | +1.5% | 191,5 k € | +40.7% | 136 k € | +82.6% | 74,5 k € | +12.5% | 66,2 k € | +4.1% | 63,6 k € | +107% | 30,7 k € | +904% | 3,1 k € | -57.6% | 7,2 k € | -31.4% | 10,5 k € | -48.8% | 20,5 k € |
| Total assets | 225,3 k € | +0.9% | 223,3 k € | +37.5% | 162,4 k € | +90.4% | 85,3 k € | -48.4% | 165,4 k € | +104% | 81,2 k € | +76.7% | 46 k € | +449% | 8,4 k € | -41.8% | 14,4 k € | -23.4% | 18,8 k € | -46.1% | 34,9 k € |
| Cash | 114,4 k € | +61.8% | 70,7 k € | -39.8% | 117,4 k € | +132% | 50,6 k € | -58.4% | 121,6 k € | +66.7% | 73 k € | +148% | 29,4 k € | +273% | 7,9 k € | -31.7% | 11,5 k € | -28.9% | 16,2 k € | -49.2% | 32 k € |
| Debts | 31 k € | -2.6% | 31,9 k € | +20.9% | 26,4 k € | +144% | 10,8 k € | -89.1% | 99,2 k € | +463% | 17,6 k € | +15.5% | 15,3 k € | +188% | 5,3 k € | -26.0% | 7,2 k € | -13.4% | 8,3 k € | -42.2% | 14,3 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Aris ADAMANTIADIS
ActiveFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro 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 | 29/04/2026 | 26/05/2025 | 24/04/2024 | 09/03/2023 | 25/03/2022 | 26/04/2021 |
| General meeting | 29/04/2026 | 16/05/2025 | 02/04/2024 | 09/02/2023 | 22/03/2022 | 24/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
11 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 29/04/2026 | 29/04/2026 | French | |
| Micro model | 31/12/2024 | 16/05/2025 | 26/05/2025 | French | |
| Micro model | 31/12/2023 | 02/04/2024 | 24/04/2024 | French | |
| Micro model | 31/12/2022 | 09/02/2023 | 09/03/2023 | French | |
| Micro model | 31/12/2021 | 22/03/2022 | 25/03/2022 | French | |
| Micro model | 31/12/2020 | 24/03/2021 | 26/04/2021 | French | |
| Abridged model | 31/12/2019 | 30/04/2020 | 12/05/2020 | French | |
| Abridged model | 31/12/2018 | 06/05/2019 | 08/05/2019 | French | |
| Abridged model | 31/12/2017 | 08/03/2018 | 12/03/2018 | French | |
| Abridged model | 31/12/2016 | 04/05/2017 | 12/05/2017 | French | |
| Abridged model | 31/12/2015 | 14/03/2016 | 28/04/2016 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active
Active mandates
Aris ADAMANTIADIS
ActiveShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other25/04/2014RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20252,8 k €↓
- 2024Annual accounts 202455,4 k €↓
- 2023Annual accounts 202361,5 k €↑
- 2022Annual accounts 20228,3 k €↓
- 2021Annual accounts 202157,6 k €↑
- 2020Annual accounts 202032,9 k €↑
- 2019Annual accounts 201927,6 k €↑
- 2018Annual accounts 2018-4,2 k €↓
- 2017Annual accounts 2017-3,3 k €↑
- 2016Annual accounts 2016-10 k €↓
- 2015Annual accounts 201514,3 k €
- 14/04/2014IncorporationPrivate company with limited liability