ACTIVE

Musicoding Services

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
25,1 k €
+328.5% YoY
Gross margin
57,2 k €
+180.1% YoY
Equity
31,9 k €
+46.2% YoY

What does Musicoding Services do?

Musicoding Services is a Private limited company incorporated in 2017. Its main activity is: Other information technology and computer service activities. Its registered office is in Bonheiden.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0686.743.667
Incorporation
21/12/2017
Legal form
Private limited company
Registered office
Doornlaarstraat 41
2820 Bonheiden · FlandreSee on map
Contributed capital
1 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
62090Other information technology and computer service activities· main62900Computer programming, consultancy and related activities43211Electrical installation43211Electrical installation43212Electrical installation43212Electrical installation+12
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin57,2 k €20,4 k €20,6 k €42,9 k €38,9 k €18 k €41,6 k €34,8 k €
EBITDA56,2 k €19,7 k €20,5 k €42,8 k €38,8 k €17,7 k €41,3 k €33,9 k €
Operating result36,9 k €10,7 k €19,7 k €36,8 k €32,4 k €8,7 k €32,3 k €25,4 k €
Net result25,1 k €5,8 k €15 k €28 k €24,3 k €6,2 k €24,5 k €19,3 k €
Balance sheet
Equity31,9 k €21,8 k €16 k €29 k €25,3 k €68,6 k €62,4 k €31,7 k €
Total assets104,3 k €99,1 k €51,6 k €40,4 k €43,5 k €98,8 k €98,6 k €66,7 k €
Cash14,7 k €1,3 k €22,5 k €16,8 k €27,8 k €73,1 k €68,7 k €19 k €
Debts72,4 k €77,3 k €35,6 k €11,4 k €18,2 k €30,2 k €36,2 k €35 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Ben Leers

Bestuurder · since 21 décembre 2017

Active

Ended mandates

Ben Leers

Director · since 08 janvier 2018

Ended
BEN LEERS

Manager · since 08 janvier 2018

Ended
Ben Leers

Director

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 date02/04/202631/07/202531/08/202417/07/202315/07/202224/06/2021
General meeting20/03/202630/06/202530/06/202430/06/202330/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202520/03/202602/04/2026DutchPDF
Micro model31/12/202430/06/202531/07/2025DutchPDF
Micro model31/12/202330/06/202431/08/2024DutchPDF
Micro model31/12/202230/06/202317/07/2023DutchPDF
Micro model31/12/202130/06/202215/07/2022DutchPDF
Micro model31/12/202007/06/202124/06/2021DutchPDF
Micro model31/12/201902/06/202009/07/2020DutchPDF
Micro model31/12/201803/06/201927/08/2019DutchPDF
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.

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 · 3 ended

Active mandates

Ben Leers

Bestuurder · since 21 décembre 2017

Active

Ended mandates

Ben Leers

Director · since 08 janvier 2018

Ended
BEN LEERS

Manager · since 08 janvier 2018

Ended
Ben Leers

Director

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/05/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/03/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/12/2017
    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 202525,1 k €↑
  2. 2024
    Annual accounts 20245,8 k €↓
  3. 2023
    Annual accounts 202315 k €↓
  4. 2022
    Annual accounts 202228 k €↑
  5. 2021
    Annual accounts 202124,3 k €↑
  6. 2020
    Annual accounts 20206,2 k €↓
  7. 2019
    Annual accounts 201924,5 k €↑
  8. 2018
    Annual accounts 201819,3 k €
  9. 21/12/2017
    IncorporationPrivate limited company