CODE COMMUNICATION
Annual accounts 2025
micro format, filed on 04-06-2026, 57 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €130,000 and €190,000.
Balance sheet
balance sheet total €146,802 on 31-12-2025in euro
in euro
Position in the sector
70.1%
Higher than 61% of 21,217 companies in 2025.
3.36
Higher than 62% of 20,581 companies in 2025.
38.6%
Higher than 77% of 20,756 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
146,802 | 123,490 | 69,391 | 82,897 | 49,008 | 36,342 | |
21/28 |
578 | 1,439 | 2,369 | 10,084 | 2,231 | 3,773 | |
22/27 |
578 | 1,439 | 2,369 | 10,084 | 2,231 | 3,773 | |
24 |
578 | 1,439 | 2,369 | 10,084 | 2,231 | 3,773 | |
29/58 |
146,224 | 122,051 | 67,022 | 72,813 | 46,777 | 32,569 | |
40/41 |
39,552 | 41,359 | 35,595 | 27,852 | 23,938 | 14,624 | |
40 |
37,972 | 40,779 | 32,900 | 27,605 | 23,938 | 14,624 | |
41 |
1,580 | 580 | 2,696 | 247 | - | - | |
54/58 |
96,663 | 66,297 | 12,775 | 32,932 | 21,794 | 16,928 | |
490/1 |
10,009 | 14,395 | 18,651 | 12,029 | 1,044 | 1,017 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
146,802 | 123,490 | 69,391 | 82,897 | 49,008 | 36,342 | |
10/15 |
102,919 | 46,291 | 30,486 | 24,946 | 9,125 | 12,899 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
13 |
33,259 | - | - | - | - | - | |
132 |
33,259 | - | - | - | - | - | |
14 |
59,660 | 36,291 | 20,486 | 14,946 | -875 | 2,899 | |
17/49 |
43,883 | 77,199 | 38,905 | 57,951 | 39,882 | 23,443 | |
42/48 |
43,507 | 76,736 | 37,981 | 57,271 | 39,882 | 23,443 | |
44 |
6,029 | 7,592 | 7,047 | 5,480 | 10,576 | 3,805 | |
440/4 |
6,029 | 7,592 | 7,047 | 5,480 | 10,576 | 3,805 | |
45 |
24,573 | 23,547 | 24,986 | 25,339 | 22,330 | 12,457 | |
450/3 |
20,173 | 19,347 | 20,986 | 21,739 | 18,730 | 9,257 | |
454/9 |
4,400 | 4,200 | 4,000 | 3,600 | 3,600 | 3,200 | |
47/48 |
12,905 | 45,598 | 5,948 | 26,452 | 6,976 | 7,181 | |
492/3 |
375 | 463 | 923 | 680 | - | - | |
| Income statement | |||||||
9900 |
77,407 | 76,031 | 16,529 | 33,151 | 1,652 | 11,467 | |
630 |
861 | 930 | 597 | 2,599 | 1,781 | 1,536 | |
631/4 |
- | -1,930 | 1,930 | - | -484 | 484 | |
640/8 |
706 | 2,615 | 3,008 | 5,591 | 1,021 | 1,628 | |
9901 |
75,839 | 74,416 | 10,994 | 24,961 | -665 | 7,820 | |
75/76B |
0 | 63 | 10 | 13 | 3 | 16 | |
75 |
0 | 63 | 10 | 13 | 3 | 16 | |
65/66B |
1,566 | 2,249 | 2,744 | 2,661 | 995 | 1,828 | |
65 |
1,566 | 2,249 | 2,744 | 2,661 | 995 | 1,828 | |
9903 |
74,273 | 72,230 | 8,260 | 22,313 | -1,657 | 6,009 | |
67/77 |
17,645 | 16,425 | 2,719 | 6,492 | 2,117 | 3,110 | |
9904 |
56,628 | 55,805 | 5,540 | 15,821 | -3,773 | 2,899 | |
689 |
33,259 | - | - | - | - | - | |
9905 |
23,369 | 55,805 | 5,540 | 15,821 | -3,773 | 2,899 | |
| Appropriation of the result | |||||||
9906 |
59,660 | 76,291 | 20,486 | 14,946 | -875 | 2,899 | |
14P |
36,291 | 20,486 | 14,946 | -875 | 2,899 | - | |
694/7 |
- | 40,000 | - | - | - | - | |
694 |
- | 40,000 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 04-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 04-06-2026 | 2026-00137852 | |
| 31-12-2024 | micro format | 19-05-2025 | 2025-00098299 | |
| 31-12-2023 | micro format | 03-06-2024 | 2024-00107097 | |
| 31-12-2022 | micro format | 15-06-2023 | 2023-00132247 | |
| 31-12-2021 | micro format | 11-04-2022 | 2022-20003749 | |
| 31-12-2020 | micro format | 27-04-2021 | 2021-11400114 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 76,701 | 75,346 | 11,591 | 27,560 | 1,115 | 9,355 | ||
| 57,490 | 56,735 | 6,137 | 18,420 | -1,993 | 4,434 | ||
| 0 | 0 | 2,584 | 10,452 | 238 | 5,309 | ||
| 30,367 | 53,521 | -20,157 | 11,138 | 4,867 | - | ||
| 102,717 | 45,315 | 29,041 | 15,542 | 6,894 | 9,125 | ||
| 70.1% | 37.5% | 43.9% | 30.1% | 18.6% | 35.5% | ||
| 3.36 | 1.59 | 1.76 | 1.27 | 1.17 | 1.39 | ||
| 0.43 | 1.67 | 1.28 | 2.32 | 4.37 | 1.82 | ||
| 55.0% | 120.6% | 18.2% | 63.4% | -41.3% | 22.5% | ||
| 38.6% | 45.2% | 8.0% | 19.1% | -7.7% | 8.0% | ||
| 48.98 | 33.51 | 4.22 | 10.36 | 1.12 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €2,584 | €10,452 | €238 |
| €861 | €930 | €597 | €2,599 | €1,781 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CODE COMMUNICATION
The operating result for 2025 is 2% higher than in 2024 and the highest since 2020. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 62.5% to 29.9%. Equity is higher and debt is lower.