ACTIVE

CODEFLOW

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Financial year 2025 · closed on 31/12/2025
Net result
64,4 k €
+0.3% YoY
Gross margin
100,1 k €
-3.1% YoY
Equity
335,5 k €
+6.0% YoY

What does CODEFLOW do?

CODEFLOW is a Private limited company incorporated in 2011. Its registered office is in Ath.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.832.937
Incorporation
29/08/2011
Legal form
Private limited company
Registered office
Rue du Trieu Périlleux 40/A
7800 Ath · WallonieSee on map
Latest accounts
31/12/2025
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 margin100,1 k €103,3 k €72,7 k €66,8 k €70,0 k €77,9 k €40,9 k €43,4 k €44,0 k €56,3 k €70,7 k €56,7 k €53,3 k €60,6 k €
EBITDA100,0 k €103,2 k €71,6 k €66,2 k €69,2 k €77,2 k €39,0 k €44,0 k €43,2 k €54,6 k €69,5 k €55,9 k €52,1 k €58,0 k €
Operating result84,8 k €88,9 k €64,2 k €55,5 k €59,0 k €66,8 k €28,3 k €35,6 k €35,0 k €46,4 k €61,0 k €49,6 k €46,1 k €50,4 k €
Net result64,4 k €64,1 k €50,8 k €39,3 k €53,6 k €46,7 k €23,7 k €22,2 k €20,6 k €29,0 k €34,1 k €35,9 k €33,0 k €34,0 k €
Balance sheet
Equity335,5 k €316,7 k €296,0 k €267,1 k €244,9 k €214,2 k €236,5 k €212,8 k €190,7 k €172,5 k €145,9 k €114,2 k €80,8 k €50,1 k €
Total assets426,1 k €384,3 k €371,5 k €301,7 k €298,2 k €316,4 k €278,5 k €223,5 k €212,4 k €201,8 k €186,4 k €156,9 k €111,9 k €93,3 k €
Cash113,8 k €50,2 k €50,2 k €46,9 k €60,9 k €48,0 k €30,6 k €22,9 k €46,7 k €57,1 k €122,8 k €118,0 k €83,3 k €46,2 k €
Debts90,5 k €67,3 k €75,5 k €34,6 k €53,3 k €102,2 k €42,0 k €10,7 k €20,2 k €27,8 k €39,2 k €41,7 k €29,7 k €41,9 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 · 3 ended

Active mandates

PASCAL EVRARD

Director · since 08 septembre 2011

Active

Ended mandates

PASCAL EVRARD

Director · since 26 avril 2023

Ended
Pascal EVRARD

Director · since 24 août 2011

Ended
Pascal EVRARD

Manager · since 24 août 2011

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 date17/07/202624/06/202509/07/202425/05/202324/05/202225/05/2021
General meeting15/05/202616/05/202526/06/202419/05/202320/05/202221/05/2021
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 model31/12/202515/05/202617/07/2026FrenchPDF
Micro model31/12/202416/05/202524/06/2025FrenchPDF
Micro model31/12/202326/06/202409/07/2024FrenchPDF
Micro model31/12/202219/05/202325/05/2023FrenchPDF
Micro model31/12/202120/05/202224/05/2022FrenchPDF
Micro model31/12/202021/05/202125/05/2021FrenchPDF
Micro model31/12/201915/05/202027/05/2020FrenchPDF
Micro model31/12/201817/05/201924/05/2019FrenchPDF
Micro model31/12/201718/05/201816/07/2018FrenchPDF
Micro model31/12/201619/05/201730/06/2017FrenchPDF
Abridged model31/12/201520/05/201606/06/2016FrenchPDF
Abridged model31/12/201415/05/201510/07/2015FrenchPDF
Abridged model31/12/201316/05/201413/06/2014FrenchPDF
Abridged model31/12/201217/05/201328/06/2013FrenchPDF
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 · 3 ended

Active mandates

PASCAL EVRARD

Director · since 08 septembre 2011

Active

Ended mandates

PASCAL EVRARD

Director · since 26 avril 2023

Ended
Pascal EVRARD

Director · since 24 août 2011

Ended
Pascal EVRARD

Manager · since 24 août 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/04/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other08/09/2011
    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 202564,4 k €↑
  2. 2024
    Annual accounts 202464,1 k €↑
  3. 2023
    Annual accounts 202350,8 k €↑
  4. 2022
    Annual accounts 202239,3 k €↓
  5. 2021
    Annual accounts 202153,6 k €↑
  6. 2020
    Annual accounts 202046,7 k €↑
  7. 2019
    Annual accounts 201923,7 k €↑
  8. 2018
    Annual accounts 201822,2 k €↑
  9. 2017
    Annual accounts 201720,6 k €↓
  10. 2016
    Annual accounts 201629,0 k €↓
  11. 2015
    Annual accounts 201534,1 k €↓
  12. 2014
    Annual accounts 201435,9 k €↑
  13. 2013
    Annual accounts 201333,0 k €↓
  14. 2012
    Annual accounts 201234,0 k €
  15. 29/08/2011
    IncorporationPrivate limited company