NORMAL SITUATION

CODEIS

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Financial year 2022 · closed on 31/12/2022

Net result

1,4 k €

+102.8% YoY

Gross margin

345,4 k €

+61.9% YoY

Equity

-86,4 k €

+1.6% YoY

Workforce

7,3 ETP

+17.7% YoY

Company — Normal situation.

What does CODEIS do?

CODEIS is a company registered in Belgium. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0899.118.338

Legal form

Private company with limited liability

Contributed capital

6 758,00 €

Latest accounts

31/12/2022

Average workforce

7,3 ETP

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	345,4 k €	+61.9%	213,3 k €	+39.8%	152,7 k €	-42.9%	267,4 k €	+19.0%	224,6 k €	+15.2%	195,0 k €	-7.9%	211,7 k €	+1.4%	208,8 k €	-8.2%	227,4 k €	+4.6%	217,3 k €	-2.1%	222,1 k €	+2.8%	216,1 k €	+18.8%	182,0 k €
EBITDA	85,1 k €	+152%	33,7 k €	+309%	-16,2 k €	-112%	131,4 k €	+154%	51,8 k €	-10.9%	58,1 k €	-33.4%	87,2 k €	+29.3%	67,4 k €	-6.7%	72,3 k €	+16.6%	62,0 k €	-9.2%	68,3 k €	-24.0%	89,8 k €	-6.2%	95,7 k €
Operating result	13,5 k €	+132%	-42,2 k €	+53.3%	-90,2 k €	-204%	86,8 k €	+1117%	-8,5 k €	-195%	9,0 k €	-79.9%	44,7 k €	+64.1%	27,2 k €	-20.1%	34,1 k €	+48.5%	22,9 k €	-14.0%	26,7 k €	-43.7%	47,4 k €	+18.6%	40,0 k €
Net result	1,4 k €	+103%	-49,9 k €	+48.1%	-96,2 k €	-275%	54,9 k €	+521%	-13,0 k €	-1136%	-1,1 k €	-106%	16,8 k €	+6.1%	15,9 k €	+3.9%	15,3 k €	+98.6%	7,7 k €	-14.9%	9,0 k €	-62.6%	24,1 k €	+41.6%	17,0 k €
Balance sheet
Equity	-86,4 k €	+1.6%	-87,8 k €	-132%	-37,8 k €	-125%	153,4 k €	+56.6%	97,9 k €	-11.7%	111,0 k €	-0.9%	112,0 k €	+17.7%	95,2 k €	+20.0%	79,4 k €	+23.8%	64,1 k €	+13.6%	56,4 k €	+19.1%	47,4 k €	+104%	23,2 k €
Total assets	467,3 k €	+32.6%	352,5 k €	+8.0%	326,4 k €	+4.4%	312,5 k €	+3.4%	302,3 k €	+7.1%	282,2 k €	+11.6%	252,9 k €	+18.1%	214,1 k €	+2.1%	209,7 k €	-16.0%	249,7 k €	-7.7%	270,5 k €	+3.0%	262,7 k €	-8.4%	286,7 k €
Cash	124,1 k €	+55.1%	80,0 k €	+132%	34,5 k €	-65.1%	99,1 k €	+23.1%	80,5 k €	-22.6%	104,0 k €	+17.6%	88,4 k €	+348%	19,7 k €	+10.0%	17,9 k €	+69.8%	10,6 k €	+302%	2,6 k €	-10.8%	2,9 k €	+1427%	193,0 €
Debts	553,7 k €	+25.8%	440,3 k €	+22.8%	358,5 k €	+126%	158,8 k €	+4.8%	151,4 k €	+3.2%	146,7 k €	+32.3%	110,9 k €	-6.7%	118,9 k €	-8.7%	130,3 k €	-28.7%	182,7 k €	-14.6%	214,0 k €	-0.6%	215,3 k €	-18.3%	263,4 k €
Other
Workforce	7,3 ETP	+17.7%	6,2 ETP	+31.9%	4,7 ETP	+11.9%	4,2 ETP	-12.5%	4,8 ETP		–		4,4 ETP	+2.3%	4,3 ETP	+2.4%	4,2 ETP	+10.5%	3,8 ETP	+2.7%	3,7 ETP	-2.6%	3,8 ETP	+46.2%	2,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 3 active · 26 ended

Active mandates

Antonio GROENEN

Director · since 01 avril 2022

Active

GREENWICH MANAGEMENT

Director · since 01 avril 2022 · 0835.860.777

Represented by Christophe DETOLLENAERE

Active

ODONTOLIA GROUP

Managing director · since 01 avril 2022 · 0672.565.138

Represented by Christine RASSENEUR

Active

Ended mandates

Alain Grillaert

Director · since 17 janvier 2019 · until 01 avril 2022

Ended

Alain Grillaert

Director · since 17 janvier 2019

Ended

Alain Grillaert

Manager · since 17 janvier 2019

Ended

Christine Rasseneur

Director · since 17 janvier 2019 · until 01 avril 2022

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/07/2023	31/08/2022	09/09/2021	28/09/2020	28/08/2019	30/08/2018
General meeting	14/07/2023	19/05/2022	20/05/2021	01/09/2020	06/06/2019	17/05/2018
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	14/07/2023	26/07/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	20/05/2021	09/09/2021	French	PDF
Abridged model	31/12/2019	01/09/2020	28/09/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	30/08/2018	French	PDF
Micro model	31/12/2016	18/05/2017	27/07/2017	French	PDF
Abridged modelCorrection	31/12/2015	19/05/2016	30/09/2016	French	PDF
Abridged model	31/12/2015	19/05/2016	26/07/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	29/07/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	28/06/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	28/06/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	29/06/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	29/07/2010	French	PDF

Estimate

Indicative valuation

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 31/12/2022 · 3 active · 26 ended

Active mandates

Antonio GROENEN

Director · since 01 avril 2022

Active

GREENWICH MANAGEMENT

Director · since 01 avril 2022 · 0835.860.777

Represented by Christophe DETOLLENAERE

Active

ODONTOLIA GROUP

Managing director · since 01 avril 2022 · 0672.565.138

Represented by Christine RASSENEUR

Active

Ended mandates

Alain Grillaert

Director · since 17 janvier 2019 · until 01 avril 2022

Ended

Alain Grillaert

Director · since 17 janvier 2019

Ended

Alain Grillaert

Manager · since 17 janvier 2019

Ended

Christine Rasseneur

Director · since 17 janvier 2019 · until 01 avril 2022

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2022
Annual accounts 20221,4 k €↑
2021
Annual accounts 2021-49,9 k €↑
2020
Annual accounts 2020-96,2 k €↓
2018
Annual accounts 201854,9 k €↑
2017
Annual accounts 2017-13,0 k €↓
2016
Annual accounts 2016-1,1 k €↓
2015
Annual accounts 201516,8 k €↑
2014
Annual accounts 201415,9 k €↑
2013
Annual accounts 201315,3 k €↑
2012
Annual accounts 20127,7 k €↓
2011
Annual accounts 20119,0 k €↓
2010
Annual accounts 201024,1 k €↑
2009
Annual accounts 200917,0 k €

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

CODEIS

Overview

What does CODEIS do?

Trend over 13 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline