ACTIVE

ANTECODE

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Financial year 2025 · closed on 31/12/2025
Net result
77,9 k €
+7.8% YoY
Gross margin
107,8 k €
+12.8% YoY
Equity
140 k €
+125.5% YoY

What does ANTECODE do?

ANTECODE is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0811.722.130
Incorporation
01/04/2009
Legal form
Private limited company
Registered office
Moriaanstraat 124
9050 Gent · FlandreSee on map
Contributed capital
10 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities62020Computer consultancy activities62200Computer programming, consultancy and related activities70210Public relations and communication activities73300Advertising and market research
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 margin107,8 k €95,6 k €22,6 k €32 k €56 k €49,5 k €
EBITDA107,2 k €95 k €22,1 k €28,7 k €55,5 k €49 k €
Operating result103,8 k €92,7 k €20,5 k €27,9 k €43,2 k €44,7 k €
Net result77,9 k €72,3 k €15,2 k €20,8 k €33,2 k €31,2 k €
Balance sheet
Equity140 k €62,1 k €39,8 k €35,4 k €25,4 k €25,4 k €
Total assets165,6 k €126,6 k €64,9 k €53,7 k €108,8 k €108,1 k €
Cash123,7 k €101,3 k €11,9 k €20,4 k €19,1 k €7,6 k €
Debts25,4 k €64,4 k €25 k €18,2 k €81,8 k €81,1 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 31/12/2025 · 1 active · 4 ended

Active mandates

Frank Guthörel

Bestuurder · since 23 mars 2020

Active

Ended mandates

Edzimbi De Bock

Bestuurder · until 30 juin 2022

Ended
Edzimbi De Bock

Director

Ended
Frank Guthorel

Director

Ended
Frank Guthörel

Bestuurder

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 date26/05/202602/06/202530/05/202430/06/202320/06/202224/08/2021
General meeting04/05/202605/05/202506/05/202402/05/202302/05/202203/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202504/05/202626/05/2026DutchPDF
Micro model31/12/202405/05/202502/06/2025DutchPDF
Micro model31/12/202306/05/202430/05/2024DutchPDF
Micro model31/12/202202/05/202330/06/2023DutchPDF
Micro model31/12/202102/05/202220/06/2022DutchPDF
Micro model31/12/202003/05/202124/08/2021DutchPDF
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 31/12/2025 · 1 active · 4 ended

Active mandates

Frank Guthörel

Bestuurder · since 23 mars 2020

Active

Ended mandates

Edzimbi De Bock

Bestuurder · until 30 juin 2022

Ended
Edzimbi De Bock

Director

Ended
Frank Guthorel

Director

Ended
Frank Guthörel

Bestuurder

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/04/2020
    WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/03/2013
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/08/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office24/11/2009
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other25/05/2009
    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 202577,9 k €↑
  2. 2024
    Annual accounts 202472,3 k €↑
  3. 2023
    Annual accounts 202315,2 k €↓
  4. 2022
    Annual accounts 202220,8 k €↓
  5. 2021
    Annual accounts 202133,2 k €↑
  6. 2020
    Annual accounts 202031,2 k €
  7. 01/04/2009
    IncorporationPrivate limited company