ACTIVE

Code Breakers

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Financial year 2025 · closed on 30/09/2025
Net result
60,5 k €
-21.2% YoY
Gross margin
105,8 k €
-17.8% YoY
Equity
18,6 k €
-59.2% YoY

What does Code Breakers do?

Code Breakers is a Private limited company incorporated in 2015. Its main activity is: Computer consultancy activities. Its registered office is in Dendermonde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0643.652.804
Incorporation
26/11/2015
Legal form
Private limited company
Registered office
Gentsesteenweg (DEN) 50
9200 Dendermonde · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities10410Manufacture of oils and fats10410Manufacture of oils and fats46332Wholesale of dairy products, eggs and edible oils and fats46332Wholesale of dairy products, eggs and edible oils and fats+4
Contacts
2 public details availableLog in to view
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022201920182017
Income statement
Gross margin105,8 k €128,6 k €67,2 k €87,4 k €52,3 k €89,8 k €126,8 k €
EBITDA103,7 k €126,6 k €64,6 k €85,5 k €51,8 k €89,3 k €126,5 k €
Operating result82,1 k €102,9 k €46,0 k €50,6 k €42,7 k €80,3 k €109,9 k €
Net result60,5 k €76,8 k €31,6 k €37,3 k €29,3 k €49,3 k €65,4 k €
Balance sheet
Equity18,6 k €45,6 k €126,5 k €195,7 k €150,2 k €120,9 k €71,6 k €
Total assets420,7 k €425,5 k €413,8 k €448,5 k €175,4 k €161,6 k €114,7 k €
Cash83,7 k €75,5 k €92,1 k €171,3 k €137,3 k €108,1 k €59,7 k €
Debts402,1 k €379,9 k €287,3 k €252,8 k €25,2 k €40,6 k €43,1 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 · 6 ended

Active mandates

Jan Pannecoeck

Director · since 10 mars 2021

Active
Lien Van den Broeck

Director · since 10 mars 2021

Active

Ended mandates

Lien Van den Broeck

Director · since 01 janvier 2017

Ended
Jan Pannecoeck

Director · since 25 novembre 2015

Ended
Jan Pannecoeck

Director

Ended
JAN PANNECOECK

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date18/12/202518/11/202419/03/202423/11/202228/03/202217/02/2021
General meeting11/12/202508/11/202412/03/202431/10/202223/03/202212/02/2021
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

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202511/12/202518/12/2025DutchPDF
Micro model30/09/202408/11/202418/11/2024DutchPDF
Micro model30/09/202312/03/202419/03/2024DutchPDF
Micro model30/09/202231/10/202223/11/2022DutchPDF
Micro model30/09/202123/03/202228/03/2022DutchPDF
Micro model30/09/202012/02/202117/02/2021DutchPDF
Micro model30/09/201910/03/202030/03/2020DutchPDF
Micro model30/09/201812/03/201929/03/2019DutchPDF
Abridged model30/09/201713/03/201806/04/2018DutchPDF
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 · 6 ended

Active mandates

Jan Pannecoeck

Director · since 10 mars 2021

Active
Lien Van den Broeck

Director · since 10 mars 2021

Active

Ended mandates

Lien Van den Broeck

Director · since 01 janvier 2017

Ended
Jan Pannecoeck

Director · since 25 novembre 2015

Ended
Jan Pannecoeck

Director

Ended
JAN PANNECOECK

Manager

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares21/04/2022
    KAPITAAL - AANDELEN
    PDF
  • Mandates15/03/2021
    WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/02/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/11/2015
    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 202560,5 k €↓
  2. 2024
    Annual accounts 202476,8 k €↑
  3. 2023
    Annual accounts 202331,6 k €↓
  4. 2022
    Annual accounts 202237,3 k €↑
  5. 2019
    Annual accounts 201929,3 k €↓
  6. 2018
    Annual accounts 201849,3 k €↓
  7. 2017
    Annual accounts 201765,4 k €
  8. 26/11/2015
    IncorporationPrivate limited company