ACTIVE

TAMCODE

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Financial year 2025 · closed on 31/12/2025

Net result

1,8 k €

+178.0% YoY

Gross margin

23,5 k €

+35.0% YoY

Equity

72,8 k €

+2.5% YoY

What does TAMCODE do?

TAMCODE is a Private limited company incorporated in 2012. Its registered office is in Forest.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.753.204

Incorporation

27/03/2012

Legal form

Private limited company

Registered office

Rue de Lusambo 36
1190 Forest · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	23,5 k €	+35.0%	17,4 k €	-64.3%	48,8 k €	+8.0%	45,2 k €	-15.7%	53,6 k €	+161%	20,5 k €	+96.9%	10,4 k €	-93.1%	150,4 k €	+275%	-86,1 k €	-49231%	175,3 €	-99.6%	46,1 k €	+63.5%	28,2 k €	-39.9%	46,9 k €	+892%	4,7 k €
EBITDA	19,0 k €	+24.2%	15,3 k €	-17.0%	18,5 k €	-55.0%	41,0 k €	-23.0%	53,3 k €	+159%	20,5 k €	+113%	9,7 k €	-88.2%	81,9 k €	+169%	-118,1 k €	-369%	-25,2 k €	-458%	7,0 k €	-48.6%	13,7 k €	+21.9%	11,2 k €	+203%	-10,9 k €
Operating result	1,9 k €	+189%	-2,1 k €	-465%	566,4 €	-98.2%	31,4 k €	-37.1%	49,9 k €	+160%	19,2 k €	+98.8%	9,7 k €	-88.2%	81,9 k €	+169%	-119,4 k €	-352%	-26,4 k €	-545%	5,9 k €	-52.8%	12,6 k €	+24.2%	10,1 k €	+187%	-11,6 k €
Net result	1,8 k €	+178%	-2,3 k €	-1537%	157,8 €	-99.3%	22,6 k €	-52.8%	48,0 k €	+165%	18,1 k €	+95.2%	9,3 k €	-88.9%	83,8 k €	+169%	-120,7 k €	-331%	-28,0 k €	-698%	4,7 k €	-52.3%	9,8 k €	+95.0%	5,0 k €	+166%	1,9 k €
Balance sheet
Equity	72,8 k €	+2.5%	71,1 k €	-3.1%	73,3 k €	-64.2%	204,6 k €	+12.4%	182,0 k €	+35.8%	134,0 k €	+15.6%	115,9 k €	+8.7%	106,6 k €	+368%	22,8 k €	-84.1%	143,4 k €	-16.3%	171,4 k €	+2.8%	166,7 k €	+6.3%	156,9 k €	+202%	51,9 k €
Total assets	82,6 k €	-21.0%	104,6 k €	+0.5%	104,0 k €	-59.9%	259,2 k €	+20.7%	214,7 k €	+22.9%	174,7 k €	+47.4%	118,6 k €	-11.4%	133,9 k €	+9.8%	122,0 k €	-28.5%	170,5 k €	-11.4%	192,4 k €	-20.3%	241,4 k €	-5.4%	255,1 k €	+206%	83,3 k €
Cash	54,7 k €	-14.7%	64,1 k €	+14.2%	56,1 k €	+17.0%	48,0 k €	-67.0%	145,4 k €	+118%	66,8 k €	+8.0%	61,9 k €	-25.1%	82,6 k €	+328%	19,3 k €	+31.6%	14,7 k €	-44.7%	26,5 k €	-61.5%	68,8 k €	+2529%	2,6 k €		–
Debts	9,8 k €	-70.8%	33,5 k €	+9.1%	30,7 k €	-43.8%	54,6 k €	+66.5%	32,8 k €	-19.6%	40,8 k €	+1400%	2,7 k €	-90.1%	27,3 k €	-72.5%	99,2 k €	+266%	27,1 k €	+28.8%	21,0 k €	-71.8%	74,7 k €	-23.9%	98,2 k €	+213%	31,4 k €
Other
Workforce	–		–		0,3 ETP	+50.0%	0,2 ETP		–		–		–		–		–		–		1,0 ETP	+42.9%	0,7 ETP	-56.3%	1,6 ETP	+167%	0,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Abou-Zeid Tamara

Director · since 04 novembre 2022

Active

ALL MANAGEMENT SERVICES

Director · since 04 novembre 2022 · 0603.991.581

Active

Ended mandates

Albert Marber

Director · since 15 juin 2018

Ended

Albert Marber

Manager · since 15 juin 2018

Ended

KARIMA DAKIR

Mandate

Ended

MOURAD MARBER

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
ALL MANAGEMENT SERVICES● Active	0603.991.581
CEDAR IMMO● Active	0764.312.587

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	12/03/2026	17/09/2025	16/10/2024	06/10/2023	12/10/2022	28/12/2021
General meeting	11/03/2026	16/09/2025	14/10/2024	06/10/2023	11/10/2022	28/12/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	11/03/2026	12/03/2026	French	PDF
Abridged model	31/12/2024	16/09/2025	17/09/2025	French	PDF
Abridged model	31/12/2023	14/10/2024	16/10/2024	French	PDF
Abridged model	31/12/2022	06/10/2023	06/10/2023	French	PDF
Abridged model	31/12/2021	11/10/2022	12/10/2022	French	PDF
Abridged model	31/12/2020	28/12/2021	28/12/2021	French	PDF
Abridged model	31/12/2019	19/11/2020	19/11/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	07/10/2019	French	PDF
Micro model	31/12/2017	30/06/2018	31/08/2018	French	PDF
Micro model	31/12/2016	18/08/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	27/04/2016	06/05/2016	French	PDF
Abridged model	31/12/2014	19/08/2015	20/08/2015	French	PDF
Abridged model	31/12/2013	29/08/2014	31/08/2014	French	PDF
Abridged model	31/12/2012	20/05/2013	29/05/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 4 ended

Active mandates

Abou-Zeid Tamara

Director · since 04 novembre 2022

Active

ALL MANAGEMENT SERVICES

Director · since 04 novembre 2022 · 0603.991.581

Active

Ended mandates

Albert Marber

Director · since 15 juin 2018

Ended

Albert Marber

Manager · since 15 juin 2018

Ended

KARIMA DAKIR

Mandate

Ended

MOURAD MARBER

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION
PDF
Mandates22/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office16/08/2016
SIEGE SOCIAL
PDF
Mandates17/02/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates05/05/2014
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Other29/03/2012
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

2025
Annual accounts 20251,8 k €↑
2024
Annual accounts 2024-2,3 k €↓
2023
Annual accounts 2023157,8 €↓
2023
Name changeTAMCODE
2022
Annual accounts 202222,6 k €↓
2021
Annual accounts 202148,0 k €↑
2021
Name changeKITSON
2020
Annual accounts 202018,1 k €↑
2019
Annual accounts 20199,3 k €↓
2018
Annual accounts 201883,8 k €↑
2017
Annual accounts 2017-120,7 k €↓
2016
Annual accounts 2016-28,0 k €↓
2015
Annual accounts 20154,7 k €↓
2014
Annual accounts 20149,8 k €↑
2013
Annual accounts 20135,0 k €↑
2012
Annual accounts 20121,9 k €
27/03/2012
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TAMCODE

Overview

What does TAMCODE do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline