ACTIVE

CodeWaves

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Financial year 2025 · closed on 30/09/2025
Net result
44,2 k €
-12.5% YoY
Gross margin
72,4 k €
-9.2% YoY
Equity
62,9 k €
-9.8% YoY

What does CodeWaves do?

CodeWaves is a Private limited company incorporated in 2016. Its main activity is: Computer programming activities. Its registered office is in Rumst.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0646.983.268
Incorporation
26/01/2016
Legal form
Private limited company
Registered office
Molenstraat 213
2840 Rumst · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
30/09/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities47400Retail sale of information and communication equipment in specialised stores47410Retail sale of computers, peripheral units and software in specialised stores62020Computer consultancy activities62200Computer programming, consultancy and related activities+1
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

202520242023202220212020201920182017
Income statement
Gross margin72,4 k €79,7 k €86,4 k €52,2 k €43,5 k €54,4 k €38,3 k €50,6 k €45,8 k €
EBITDA71,6 k €79 k €85,5 k €51,2 k €42,6 k €53,6 k €37,3 k €49,7 k €45 k €
Operating result60 k €67,4 k €77,8 k €47,6 k €38,7 k €51,5 k €37,3 k €49,6 k €44,5 k €
Net result44,2 k €50,5 k €60,8 k €37,4 k €29,4 k €39,6 k €28,5 k €34,3 k €30,5 k €
Balance sheet
Equity62,9 k €69,7 k €82,3 k €57,4 k €21,6 k €21,3 k €131,6 k €103,1 k €68,8 k €
Total assets117,6 k €159,9 k €175,4 k €92,6 k €80,4 k €80,4 k €167,3 k €130,8 k €93,4 k €
Cash49,8 k €90,8 k €95,4 k €57,4 k €46,8 k €48 k €134,4 k €111,2 k €68,3 k €
Debts51,4 k €87,1 k €91,7 k €35,2 k €55,6 k €58,4 k €35,1 k €27,5 k €24,4 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 · 1 active · 1 ended

Active mandates

NATHALIE DESTROOPER

Director · since 26 janvier 2016

Active

Ended mandates

NATHALIE DESTROOPER

Manager · since 26 janvier 2016

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 date29/12/202524/12/202410/01/202427/01/202310/01/202208/01/2021
General meeting18/12/202519/12/202421/12/202331/12/202223/12/202124/12/2020
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 model30/09/202518/12/202529/12/2025DutchPDF
Micro model30/09/202419/12/202424/12/2024DutchPDF
Micro model30/09/202321/12/202310/01/2024DutchPDF
Micro model30/09/202231/12/202227/01/2023DutchPDF
Micro model30/09/202123/12/202110/01/2022DutchPDF
Micro model30/09/202024/12/202008/01/2021DutchPDF
Micro model30/09/201919/12/201915/01/2020DutchPDF
Micro model30/09/201820/12/201828/12/2018DutchPDF
Micro model30/09/201721/12/201727/12/2017DutchPDF
Micro model30/09/201622/12/201609/01/2017DutchPDF
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 30/09/2025 · 1 active · 1 ended

Active mandates

NATHALIE DESTROOPER

Director · since 26 janvier 2016

Active

Ended mandates

NATHALIE DESTROOPER

Manager · since 26 janvier 2016

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/05/2026
    BENAMING, DOEL, ONTSLAGEN, BENOEMINGEN
    PDF
  • Mandates27/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/01/2016
    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 202544,2 k €↓
  2. 2024
    Annual accounts 202450,5 k €↓
  3. 2023
    Annual accounts 202360,8 k €↑
  4. 2022
    Annual accounts 202237,4 k €↑
  5. 2021
    Annual accounts 202129,4 k €↓
  6. 2020
    Annual accounts 202039,6 k €↑
  7. 2019
    Annual accounts 201928,5 k €↓
  8. 2018
    Annual accounts 201834,3 k €↑
  9. 2017
    Annual accounts 201730,5 k €
  10. 26/01/2016
    IncorporationPrivate limited company