ACTIVE

More Than Code

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Financial year 2024 · closed on 31/12/2024
Net result
36,4 k €
+5.8% YoY
Gross margin
55,9 k €
-2.1% YoY
Equity
38,6 k €
-74.8% YoY

What does More Than Code do?

More Than Code is a Private limited company incorporated in 2017. Its main activity is: Computer programming activities. Its registered office is in Nijlen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0678.903.295
Incorporation
26/07/2017
Legal form
Private limited company
Registered office
Tolbroek(Bevel) 42
2560 Nijlen · FlandreSee on map
Contributed capital
3 000,00 €
Latest accounts
31/12/2024
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities62020Computer consultancy activities62200Computer programming, consultancy and related activities63100Data processing, hosting and related activities; web portals63110Data processing, hosting and related activities+13
Signals
ProfitableLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2024202320222021
Income statement
Gross margin55,9 k €57,1 k €69,6 k €98,7 k €
EBITDA55,2 k €55,8 k €68,4 k €97,4 k €
Operating result46,9 k €45,0 k €59,5 k €88,2 k €
Net result36,4 k €34,4 k €46,5 k €69,9 k €
Balance sheet
Equity38,6 k €153,1 k €118,7 k €72,2 k €
Total assets231,0 k €207,3 k €164,9 k €141,0 k €
Cash205,9 k €163,3 k €98,2 k €90,6 k €
Debts192,4 k €53,8 k €32,7 k €53,2 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 31/12/2024 · 2 active

Active mandates

Kelly Alix

Director · since 31 mars 2021

Active
Ken Bonny

Director · since 17 juillet 2017

Active
Annual accounts

Full financial information

2024202320222021
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months
Filing date26/08/202517/12/202431/08/202322/08/2022
General meeting18/08/202514/12/202430/08/202311/08/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202418/08/202526/08/2025DutchPDF
Micro model31/12/202314/12/202417/12/2024DutchPDF
Micro model31/12/202230/08/202331/08/2023DutchPDF
Micro model31/12/202111/08/202222/08/2022DutchPDF
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 31/12/2024 · 2 active

Active mandates

Kelly Alix

Director · since 31 mars 2021

Active
Ken Bonny

Director · since 17 juillet 2017

Active
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. 2024
    Annual accounts 202436,4 k €↑
  2. 2023
    Annual accounts 202334,4 k €↓
  3. 2022
    Annual accounts 202246,5 k €↓
  4. 2021
    Annual accounts 202169,9 k €
  5. 26/07/2017
    IncorporationPrivate limited company