ACTIVE

United Codes

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Financial year 2025 · closed on 30/06/2025
Net result
231,3 k €
-66.4% YoY
Gross margin
680 k €
-35.2% YoY
Equity
3,4 M €
+7.3% YoY
Workforce
0,0 ETP

What does United Codes do?

United Codes is a Public limited company incorporated in 2019. Its main activity is: Computer programming activities. Its registered office is in Leuven.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0726.480.411
Incorporation
07/05/2019
Legal form
Public limited company
Registered office
Waversebaan 276
3001 Leuven · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
30/06/2025
Average workforce
0,0 ETP
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities58290Other software publishing58290Other software publishing62020Computer consultancy activities62200Computer programming, consultancy and related activities+4
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin680 k €1 M €1,3 M €1 M €435,3 k €462,4 k €
EBITDA669,2 k €1 M €1,3 M €1 M €434,9 k €462,4 k €
Operating result529,9 k €869,7 k €1,3 M €1 M €434,9 k €436,8 k €
Net result231,3 k €689,2 k €974,9 k €816,4 k €322,4 k €311,6 k €
Balance sheet
Equity3,4 M €3,2 M €2,5 M €1,5 M €695,5 k €373,1 k €
Total assets5,6 M €5,5 M €4 M €2,4 M €963,2 k €803 k €
Cash79,6 k €219,8 k €560,6 k €896,1 k €691,5 k €460,2 k €
Debts2,2 M €2,4 M €1,5 M €878,1 k €267,7 k €429,9 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 1 ended

Active mandates

Dimitri Gielis

Director · since 07 mai 2019

Active

Ended mandates

Dimitri Gielis

Director · since 03 mai 2019

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202007/05/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months14 months
Filing date06/01/202621/01/202525/01/202422/12/202218/12/202122/12/2020
General meeting19/12/202514/01/202529/12/202330/11/202230/11/202130/11/2020
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202519/12/202506/01/2026DutchPDF
Abridged model30/06/202414/01/202521/01/2025DutchPDF
Abridged model30/06/202329/12/202325/01/2024DutchPDF
Abridged model30/06/202230/11/202222/12/2022DutchPDF
Micro model30/06/202130/11/202118/12/2021DutchPDF
Micro model30/06/202030/11/202022/12/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 30/06/2025 · 1 active · 1 ended

Active mandates

Dimitri Gielis

Director · since 07 mai 2019

Active

Ended mandates

Dimitri Gielis

Director · since 03 mai 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office19/07/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other09/05/2019
    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 2025231,3 k €↓
  2. 2024
    Annual accounts 2024689,2 k €↓
  3. 2023
    Annual accounts 2023974,9 k €↑
  4. 2022
    Annual accounts 2022816,4 k €↑
  5. 2021
    Annual accounts 2021322,4 k €↑
  6. 2020
    Annual accounts 2020311,6 k €
  7. 07/05/2019
    IncorporationPublic limited company