ACTIVE

Codas

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Financial year 2025 · closed on 31/12/2025
Net result
156,8 k €
-29.4% YoY
Gross margin
254,3 k €
-27.9% YoY
Equity
1,1 M €
+2.0% YoY

What does Codas do?

Codas is a Private limited company incorporated in 2012. Its main activity is: Holiday and other short-stay accommodation. Its registered office is in Scherpenheuvel-Zichem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0842.662.853
Incorporation
12/01/2012
Legal form
Private limited company
Registered office
Fonteinstraat 16
3270 Scherpenheuvel-Zichem · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
55204Holiday and other short-stay accommodation· main55204Holiday and other short-stay accommodation70200Management consultancy activities70220Business and other management consultancy activities55100Hotels and similar accommodation55100Hotels and similar accommodation+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120192018201720162015201420132012
Income statement
Gross margin254,3 k €352,7 k €294,6 k €270,8 k €147,8 k €116,1 k €142,3 k €77,1 k €85,9 k €172,7 k €114,3 k €63,3 k €108,0 k €
EBITDA248,1 k €344,8 k €285,4 k €267,1 k €139,1 k €113,5 k €138,7 k €76,2 k €97,0 k €146,5 k €113,9 k €63,1 k €107,8 k €
Operating result219,2 k €317,9 k €258,9 k €240,6 k €105,3 k €76,0 k €102,1 k €40,8 k €68,2 k €132,5 k €100,1 k €51,8 k €106,0 k €
Net result156,8 k €222,0 k €178,0 k €162,6 k €72,9 k €53,1 k €60,9 k €21,8 k €39,5 k €86,4 k €63,0 k €37,6 k €72,5 k €
Balance sheet
Equity1,1 M €1,1 M €837,8 k €659,7 k €497,1 k €414,4 k €361,3 k €300,4 k €278,6 k €239,1 k €152,7 k €116,4 k €78,7 k €
Total assets1,2 M €1,2 M €962,7 k €960,6 k €758,1 k €652,2 k €638,2 k €659,0 k €664,2 k €542,1 k €461,3 k €274,9 k €133,4 k €
Cash494,3 k €352,9 k €148,3 k €128,0 k €175,5 k €45,4 k €2,0 k €25,7 k €34,4 k €52,1 k €18,2 k €19,2 k €49,3 k €
Debts92,7 k €131,9 k €124,8 k €298,4 k €258,7 k €234,6 k €274,7 k €343,4 k €370,3 k €275,7 k €306,4 k €156,3 k €52,1 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Christel Tielens

Director

Active
David Beddegenoodts

Director

Active

Ended mandates

Christel Tielens

Director · since 01 janvier 2019

Ended
Beddegenoodts David

Director · since 12 janvier 2012

Ended
Christel Tielens

Manager

Ended
David Beddegenoodts

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 date22/06/202603/07/202524/06/202414/06/202320/07/202228/06/2021
General meeting05/06/202606/06/202507/06/202402/06/202330/06/202204/06/2021
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 model31/12/202505/06/202622/06/2026DutchPDF
Micro model31/12/202406/06/202503/07/2025DutchPDF
Micro model31/12/202307/06/202424/06/2024DutchPDF
Micro model31/12/202202/06/202314/06/2023DutchPDF
Micro model31/12/202130/06/202220/07/2022DutchPDF
Micro model31/12/202004/06/202128/06/2021DutchPDF
Micro model31/12/201905/06/202028/07/2020DutchPDF
Micro model31/12/201807/06/201926/06/2019DutchPDF
Micro model31/12/201701/06/201828/06/2018DutchPDF
Micro model31/12/201624/07/201731/07/2017DutchPDF
Abridged model31/12/201503/06/201624/06/2016DutchPDF
Abridged model31/12/201405/06/201514/07/2015DutchPDF
Abridged model31/12/201306/06/201410/07/2014DutchPDF
Abridged model31/12/201207/06/201320/06/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 ended

Active mandates

Christel Tielens

Director

Active
David Beddegenoodts

Director

Active

Ended mandates

Christel Tielens

Director · since 01 janvier 2019

Ended
Beddegenoodts David

Director · since 12 janvier 2012

Ended
Christel Tielens

Manager

Ended
David Beddegenoodts

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other16/01/2012
    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 2025156,8 k €↓
  2. 2024
    Annual accounts 2024222,0 k €↑
  3. 2023
    Annual accounts 2023178,0 k €↑
  4. 2022
    Annual accounts 2022162,6 k €↑
  5. 2021
    Annual accounts 202172,9 k €↑
  6. 2019
    Annual accounts 201953,1 k €↓
  7. 2018
    Annual accounts 201860,9 k €↑
  8. 2017
    Annual accounts 201721,8 k €↓
  9. 2016
    Annual accounts 201639,5 k €↓
  10. 2015
    Annual accounts 201586,4 k €↑
  11. 2014
    Annual accounts 201463,0 k €↑
  12. 2013
    Annual accounts 201337,6 k €↓
  13. 2012
    Annual accounts 201272,5 k €
  14. 12/01/2012
    IncorporationPrivate limited company