ACTIVE

CODE

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Financial year 2025 · closed on 31/12/2025
Net result
308,9 k €
+89.7% YoY
Gross margin
560,4 k €
+57.6% YoY
Equity
1,4 M €
-7.1% YoY

What does CODE do?

CODE is a Private limited company incorporated in 2009. Its main activity is: Architectural activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0810.350.470
Incorporation
11/03/2009
Legal form
Private limited company
Registered office
Eeklostraat 160
9030 Gent · FlandreSee on map
Latest accounts
31/12/2025
Activities (NACE)
71111Architectural activities· main71111Architectural activities70200Management consultancy activities70220Business and other management consultancy activities71121Engineering activities and related technical consultancy71121Engineering activities and related technical consultancy+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin560,4 k €355,6 k €563,1 k €560,5 k €342,6 k €304,6 k €702,7 k €303,0 k €313,1 k €237,6 k €233,9 k €283,3 k €182,0 k €190,9 k €176,5 k €132,4 k €
EBITDA554,5 k €332,1 k €558,1 k €555,6 k €339,6 k €300,5 k €698,2 k €300,4 k €309,0 k €235,7 k €231,5 k €281,1 k €180,2 k €189,8 k €175,6 k €129,8 k €
Operating result461,2 k €251,9 k €381,8 k €481,3 k €279,3 k €250,7 k €649,7 k €256,9 k €262,3 k €186,6 k €200,9 k €258,3 k €151,9 k €170,4 k €155,8 k €99,6 k €
Net result308,9 k €162,8 k €257,0 k €319,4 k €189,3 k €170,0 k €415,8 k €168,7 k €150,7 k €111,8 k €111,5 k €143,7 k €103,2 k €118,3 k €103,8 k €65,2 k €
Balance sheet
Equity1,4 M €1,5 M €1,5 M €1,4 M €1,2 M €1,3 M €1,2 M €815,6 k €646,9 k €735,8 k €624,0 k €512,4 k €368,7 k €293,5 k €175,2 k €71,4 k €
Total assets2,1 M €2,0 M €2,0 M €1,7 M €1,4 M €1,5 M €1,5 M €1,1 M €1,2 M €1,0 M €882,0 k €599,0 k €418,0 k €311,9 k €238,4 k €113,7 k €
Cash359,0 k €399,6 k €398,2 k €938,2 k €732,4 k €979,9 k €922,8 k €597,1 k €697,9 k €505,3 k €572,5 k €509,7 k €287,7 k €236,0 k €146,0 k €9,8 k €
Debts737,6 k €488,9 k €525,3 k €227,1 k €132,4 k €195,5 k €221,0 k €262,4 k €532,7 k €285,7 k €258,0 k €86,6 k €49,3 k €18,4 k €63,2 k €42,3 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

Dirk Develder

Director

Active
Roel Cocquyt

Director

Active

Ended mandates

Dirk Develder

Manager · since 04 mai 2015

Ended
Dirk Develder

Manager

Ended
Roel Cocquyt

Manager

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 date13/07/202608/06/202503/07/202427/03/202329/03/202222/03/2021
General meeting30/06/202602/06/202503/06/202423/03/202319/03/202215/03/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202613/07/2026DutchPDF
Micro model31/12/202402/06/202508/06/2025DutchPDF
Micro model31/12/202303/06/202403/07/2024DutchPDF
Micro model31/12/202223/03/202327/03/2023DutchPDF
Micro model31/12/202119/03/202229/03/2022DutchPDF
Micro model31/12/202015/03/202122/03/2021DutchPDF
Micro model31/12/201923/03/202024/03/2020DutchPDF
Micro model31/12/201819/06/201924/06/2019DutchPDF
Micro model31/12/201708/05/201814/05/2018DutchPDF
Micro model31/12/201616/06/201719/06/2017DutchPDF
Abridged model31/12/201508/06/201621/06/2016DutchPDF
Abridged model31/12/201427/03/201516/04/2015DutchPDF
Abridged model31/12/201318/03/201407/04/2014DutchPDF
Abridged model31/12/201228/02/201318/03/2013DutchPDF
Abridged model31/12/201128/02/201205/03/2012DutchPDF
Abridged model31/12/201002/03/201114/03/2011DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 31/12/2025 · 2 active · 3 ended

Active mandates

Dirk Develder

Director

Active
Roel Cocquyt

Director

Active

Ended mandates

Dirk Develder

Manager · since 04 mai 2015

Ended
Dirk Develder

Manager

Ended
Roel Cocquyt

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/12/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/04/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Capital / shares23/01/2018
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates26/05/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares06/01/2014
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other04/10/2011
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other15/06/2009
    DIVERSEN
    PDF
  • Other26/03/2009
    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 2025308,9 k €↑
  2. 2024
    Annual accounts 2024162,8 k €↓
  3. 2023
    Annual accounts 2023257,0 k €↓
  4. 2022
    Annual accounts 2022319,4 k €↑
  5. 2021
    Annual accounts 2021189,3 k €↑
  6. 2020
    Annual accounts 2020170,0 k €↓
  7. 2019
    Annual accounts 2019415,8 k €↑
  8. 2018
    Annual accounts 2018168,7 k €↑
  9. 2017
    Annual accounts 2017150,7 k €↑
  10. 2016
    Annual accounts 2016111,8 k €↑
  11. 2015
    Annual accounts 2015111,5 k €↓
  12. 2014
    Annual accounts 2014143,7 k €↑
  13. 2013
    Annual accounts 2013103,2 k €↓
  14. 2012
    Annual accounts 2012118,3 k €↑
  15. 2011
    Annual accounts 2011103,8 k €↑
  16. 2011
    Name changeCode
  17. 2010
    Annual accounts 201065,2 k €
  18. 2010
    Name changeCODE architectuur & coördinatie
  19. 11/03/2009
    IncorporationPrivate limited company