ACTIVE

DECODING

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Financial year 2025 · closed on 31/12/2025
Net result
27,8 k €
-11.9% YoY
Gross margin
40,7 k €
-11.5% YoY
Equity
37,8 k €
+20.4% YoY

What does DECODING do?

DECODING is a Private company with limited liability incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Walhain.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0835.495.939
Incorporation
12/04/2011
Legal form
Private company with limited liability
Registered office
Rue de la Station(TSL) 193
1457 Walhain · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin40,7 k €46,0 k €37,2 k €8,2 k €-877,2 €15,3 k €10,1 k €22,3 k €18,6 k €9,0 k €10,7 k €12,8 k €1,1 k €35,2 k €
EBITDA40,3 k €45,2 k €36,8 k €7,9 k €-1,2 k €15,0 k €9,7 k €22,0 k €18,2 k €8,7 k €10,4 k €12,4 k €1,1 k €34,6 k €
Operating result36,7 k €43,0 k €35,2 k €5,1 k €-6,2 k €9,8 k €4,2 k €17,1 k €13,5 k €6,7 k €8,0 k €11,3 k €-1,2 k €29,9 k €
Net result27,8 k €31,6 k €24,4 k €2,9 k €-6,9 k €5,9 k €1,0 k €10,3 k €8,0 k €2,9 k €4,3 k €7,0 k €-2,3 k €17,0 k €
Balance sheet
Equity37,8 k €31,4 k €28,4 k €22,2 k €19,4 k €26,3 k €32,7 k €32,5 k €29,4 k €21,4 k €25,6 k €21,3 k €14,2 k €16,5 k €
Total assets89,6 k €97,2 k €113,7 k €46,9 k €55,1 k €65,5 k €52,0 k €57,4 k €45,7 k €46,9 k €33,8 k €28,9 k €25,6 k €40,2 k €
Cash64,5 k €49,8 k €62,1 k €7,3 k €29,5 k €37,6 k €24,3 k €15,2 k €5,5 k €21,8 k €9,1 k €––12,0 k €
Debts51,9 k €65,6 k €85,4 k €24,6 k €35,7 k €39,1 k €19,2 k €24,7 k €16,4 k €25,5 k €8,2 k €7,7 k €11,4 k €23,7 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 · 1 ended

Active mandates

Olivier RIESEN

Director

Active

Ended mandates

Olivier RIESEN

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
KADOLOG● Active
0841.031.867
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 date04/05/202624/06/202531/05/202429/08/202331/08/202230/08/2021
General meeting04/05/202630/05/202514/05/202426/05/202327/05/202228/05/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202504/05/202604/05/2026FrenchPDF
Micro model31/12/202430/05/202524/06/2025FrenchPDF
Micro model31/12/202314/05/202431/05/2024FrenchPDF
Micro model31/12/202226/05/202329/08/2023FrenchPDF
Micro model31/12/202127/05/202231/08/2022FrenchPDF
Micro model31/12/202028/05/202130/08/2021FrenchPDF
Micro model31/12/201929/05/202031/08/2020FrenchPDF
Micro model31/12/201831/05/201928/06/2019FrenchPDF
Micro model31/12/201725/05/201823/08/2018FrenchPDF
Micro model31/12/201626/05/201724/08/2017FrenchPDF
Abridged model31/12/201527/05/201622/08/2016FrenchPDF
Abridged model31/12/201429/05/201506/08/2015FrenchPDF
Abridged model31/12/201330/05/201411/08/2014FrenchPDF
Abridged model31/12/201231/05/201302/07/2013FrenchPDF
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 · 1 ended

Active mandates

Olivier RIESEN

Director

Active

Ended mandates

Olivier RIESEN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other27/04/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202527,8 k €↓
  2. 2024
    Annual accounts 202431,6 k €↑
  3. 2023
    Annual accounts 202324,4 k €↑
  4. 2022
    Annual accounts 20222,9 k €↑
  5. 2021
    Annual accounts 2021-6,9 k €↓
  6. 2020
    Annual accounts 20205,9 k €↑
  7. 2019
    Annual accounts 20191,0 k €↓
  8. 2018
    Annual accounts 201810,3 k €↑
  9. 2017
    Annual accounts 20178,0 k €↑
  10. 2016
    Annual accounts 20162,9 k €↓
  11. 2015
    Annual accounts 20154,3 k €↓
  12. 2014
    Annual accounts 20147,0 k €↑
  13. 2013
    Annual accounts 2013-2,3 k €↓
  14. 2012
    Annual accounts 201217,0 k €
  15. 12/04/2011
    IncorporationPrivate company with limited liability