ACTIVE

CODEMASH

Financial year 2025 · closed on 31/12/2025
Net result
64,5 k €
-9.2% YoY
Gross margin
79,1 k €
-16.4% YoY
Equity
18,6 k €
-86.1% YoY

What does CODEMASH do?

CODEMASH is a Private limited company incorporated in 2015. Its main activity is: Data processing, hosting and related activities; web portals. Its registered office is in Laarne.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0635.611.009
Incorporation
18/08/2015
Legal form
Private limited company
Registered office
Hofland 21
9270 Laarne · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021201820172016
Income statement
Gross margin79,1 k €94,7 k €101,8 k €76,4 k €51,1 k €49,2 k €39,8 k €68 k €
EBITDA77,8 k €93,4 k €100,1 k €75,1 k €49,6 k €48 k €38,8 k €67 k €
Operating result76,4 k €86,8 k €89,2 k €64,5 k €37,6 k €40,9 k €33,1 k €59,5 k €
Net result64,5 k €71 k €71,4 k €49,4 k €28,2 k €29 k €21,3 k €36,2 k €
Balance sheet
Equity18,6 k €134,1 k €91,2 k €110 k €128 k €75,9 k €47,8 k €26,4 k €
Total assets108,2 k €167,7 k €190,5 k €214,6 k €209,8 k €98,3 k €73,2 k €86,2 k €
Cash69,5 k €65,9 k €44,2 k €96,8 k €115,7 k €89,7 k €56,5 k €72,6 k €
Debts89,6 k €33,7 k €99 k €104,3 k €81,8 k €21,4 k €24,6 k €59,8 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 31/12/2025 · 1 active · 2 ended

Active mandates

Matthias VAN PARIJS

Director · since 17 août 2015

Active

Ended mandates

Matthias Van Parijs

Manager · since 17 août 2021

Ended
Matthias Van Parijs

Manager · since 17 août 2015

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 date01/04/202613/06/202526/06/202420/06/202319/04/202221/06/2021
General meeting23/03/202616/05/202531/05/202419/05/202305/04/202221/05/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202523/03/202601/04/2026DutchPDF
Micro model31/12/202416/05/202513/06/2025DutchPDF
Micro model31/12/202331/05/202426/06/2024DutchPDF
Micro model31/12/202219/05/202320/06/2023DutchPDF
Micro model31/12/202105/04/202219/04/2022DutchPDF
Micro model31/12/202021/05/202121/06/2021DutchPDF
Micro model31/12/201931/07/202003/08/2020DutchPDF
Micro model31/12/201817/05/201917/06/2019DutchPDF
Micro model31/12/201718/05/201818/06/2018DutchPDF
Abridged model31/12/201622/03/201729/05/2017DutchPDF
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 31/12/2025 · 1 active · 2 ended

Active mandates

Matthias VAN PARIJS

Director · since 17 août 2015

Active

Ended mandates

Matthias Van Parijs

Manager · since 17 août 2021

Ended
Matthias Van Parijs

Manager · since 17 août 2015

Ended
Shareholders

Ownership and network

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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 202564,5 k €
  2. 2024
    Annual accounts 202471 k €
  3. 2023
    Annual accounts 202371,4 k €
  4. 2022
    Annual accounts 202249,4 k €
  5. 2021
    Annual accounts 202128,2 k €
  6. 2018
    Annual accounts 201829 k €
  7. 2017
    Annual accounts 201721,3 k €
  8. 2016
    Annual accounts 201636,2 k €
  9. 18/08/2015
    IncorporationPrivate limited company