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ECODE23

Active Private limited companyfounded 2010active for 16 yearsAvenue Prince d'Orange 36, 1410 WaterlooKBO/BCE: BE 0827.697.733
ECODE23
Financial year 2025
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Annual accounts 2025

micro format, filed on 28-05-2026, 64 days before the deadline
€75,444
▲ 3.3%
€74,399
▲ 39.3%
€37,857
▲ 19.8%
€140,742
▲ 16.0%
63.3%
▼ 5.3 percentage points
3.79
▼ 1.58

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €230,000. Estimated: probably between €150,000 and €390,000.

Balance sheet

balance sheet total €191,144 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

63.3%

Higher than 57% of 2,302 companies in 2025.

3.79

Higher than 69% of 2,199 companies in 2025.

19.8%

Higher than 59% of 2,233 companies in 2025.

ECODE23 Middle half of the sector 80% of the sector Micro accounts in computing infrastructure and information services (NACE 63)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017201620152014201320122011
Balance sheet: assets
20/58 191,144149,064105,74163,97644,42323,97019,04914,90524,47940,34727,95429,18841,51740,98361,738
21/28 --3060901,2501,36643816,28023,98615,79110,34312,66516,72720,999
22/27 --30609012023643816,28023,98615,79110,34312,66516,72720,999
24 --30609012023643812,32318,6549,0862,7133,7056,83611,274
26 --------3,9575,3316,7067,6308,9609,8919,725
28 -----1,1301,130--------
29/58 191,144149,064105,71163,91644,33322,72017,68414,4688,19916,36112,16318,84528,85224,25640,739
40/41 188,598143,06192,55753,85739,88214,6899,4811,7957,02613,0361,7856,10217,23811,13710,287
40 14,3824,3777,08111,60111,90513,5718,0111,7957,02613,0361,7856,10217,2389,28010,287
41 174,216138,68385,47642,25627,9771,1171,469------1,857-
54/58 1,7104,68811,6339,9382,6485,9065,62510,55063946,8509,7448,85610,26028,057
490/1 8361,3161,5211201,8032,1262,5782,1231,1103,2323,5283,0002,7582,8592,395
Balance sheet: equity and liabilities
10/49 191,144149,064105,74163,97644,42323,97019,04914,90524,47940,34727,95429,18841,51740,98361,738
10/15 120,920102,14970,54033,34626,57313,34810,769-2,208-6,88612,8016,40215,07625,91826,29935,676
10/11 14,26014,26014,26012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,40012,400
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,600
101 ------6,2006,2006,2006,2006,2006,2006,2006,2006,200
11 -----12,400---------
1109/19 -----12,400---------
13 106,66087,88956,28020,94614,1731,8601,8601,8601,8601,8601,8601,8601,8601,8601,860
130/1 ---1,8601,8601,860---------
130 ------1,8601,8601,8601,8601,8601,8601,8601,8601,860
1311 ---1,8601,8601,860---------
133 106,66087,88956,28019,08612,313----------
14 ------912-3,491-16,468-21,146-1,459-7,85881611,65812,03921,416
16 19,82219,177-------------
160/5 19,82219,177-------------
164/5 19,82219,177-------------
17/49 50,40227,73935,20230,63017,84910,6218,28017,11331,36427,54521,55214,11215,59914,68426,062
17 --------13,66815,9155,300----
170/4 --------13,66815,9155,300----
42/48 50,40227,73935,20230,63017,84910,6218,28017,11317,69611,63116,25214,11215,59914,68426,062
42 20,00020,000------2,2472,2036,311--8,196-
43 52160996401306302651235,8632,1948944937132182,495
430/8 52160996401306302651235,8632,1948944937132182,495
44 2,0651,3624577,7021,2431,9889972,9211946663843127,4158172,329
440/4 2,0651,3624577,7021,2431,9889972,9211946663843127,4158172,329
45 9,9705,76834,64821,96715,7408,5996,57211,6496,8755,6847,16210,7477,2925,11620,903
450/3 9,9705,76834,64821,96715,7408,5996,57211,6496,8755,6847,16210,7477,2925,11620,903
47/48 17,845--56056044462,4192,5188841,5022,560178336336
Income statement
9900 75,44473,02757,75414,09723,50810,09518,8099,482-10,03621,4425,5585,6327,5607,32252,675
630 -303030301162022026,3387,4848,9103,5614,7796,2658,976
635/8 64619,177-------------
640/8 400398384604073,3014086415133,4088058027952,4775,833
66A --------1,367-2,251--25-
9901 74,39953,42257,34014,00723,0716,67718,1998,639-18,25510,551-4,1561,2691,985-1,42037,867
75/76B 8,1436,6413,196-55---0-322348
75 8,1436,6413,196-55---0-322348
65/66B 23,4563,2341,4851,7221,9081,7451,9812,0051,5162,0702,1171,1251,5151,684992
65 23,4563,2341,4851,7221,9081,7451,9812,0051,5162,0702,1171,1251,5151,684992
9903 59,08656,82959,05012,28521,1684,93716,2186,634-19,7718,481-8,525147472-3,10636,923
67/77 21,22925,22021,8574,7137,1432,3583,241330-842,08214999085327212,047
9904 37,85731,60937,1947,57214,0252,57912,9776,303-19,6876,399-8,674-843-380-3,37824,876
9905 37,85731,60937,1947,57214,0252,57912,9776,303-19,6876,399-8,674-843-380-3,37824,876
Appropriation of the result
9906 37,85731,60937,1947,57213,113-912-3,491-16,468-21,146-1,459-7,85810,81611,65818,03924,876
14P -----912----------
791/2 19,086--------------
691/2 37,85731,60937,1946,77212,313---------1,860
6920 --------------1,860
6921 37,85731,60937,1946,77212,313----------
694/7 19,086--800800------10,000-6,0001,600
694 19,086--800800------10,000-6,0001,600
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 5 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 28-05-2026.

Download as CSV

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 28-05-2026 2026-00130289 PDF
31-12-2024 micro format 02-07-2025 2025-00251496 PDF
31-12-2023 micro format 02-08-2024 2024-00329338 PDF
31-12-2022 micro format 23-08-2023 2023-00363073 PDF
31-12-2021 micro format 30-08-2022 2022-20387567 PDF
31-12-2020 micro format 20-05-2021 2021-15100378 PDF
31-12-2019 micro format 08-10-2020 2020-60500466 PDF
31-12-2018 micro format 19-08-2019 2019-48000175 PDF
31-12-2017 micro format 31-08-2018 2018-61700133 PDF
31-12-2016 micro format 31-08-2017 2017-56000208 PDF
31-12-2015 full format 27-07-2016 2016-38500571 PDF
31-12-2014 full format 31-08-2015 2015-57700600 PDF
31-12-2013 full format 20-08-2014 2014-44600364 PDF
31-12-2012 full format 30-08-2013 2013-56700485 PDF
31-12-2011 full format 30-08-2012 2012-54600059 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017201620152014201320122011
-53,45257,36914,03723,1016,79318,4018,841-11,91718,0344,7544,8306,7654,84546,843
-31,63937,2247,60214,0552,69513,1796,505-13,34913,8832362,7184,3992,88733,852
-000-1,13001,130-15,640-1,36721,18214,3591,2397176,54229,975
-2,978-6,9461,6957,291-3,258281-4,92510,487-30-6,756-2,894888-1,404-17,797-
140,742121,32570,51033,28626,48412,0999,404-2,645-9,4974,730-4,0904,73313,2549,57214,677
63.3%68.5%66.7%52.1%59.8%55.7%56.5%-14.8%-28.1%31.7%22.9%51.6%62.4%64.2%57.8%
3.795.373.002.092.482.142.140.850.461.410.751.341.851.651.56
0.420.270.500.920.670.800.77--2.153.370.940.600.560.73
31.3%30.9%52.7%22.7%52.8%19.3%120.5%--50.0%-135.5%-5.6%-1.5%-12.8%69.7%
19.8%21.2%35.2%11.8%31.6%10.8%68.1%42.3%-80.4%15.9%-31.0%-2.9%-0.9%-8.2%40.3%
-16.5338.648.1512.11----------

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.

Insights on ECODE23

The operating result for 2025 is 39% higher than in 2024 and the highest since 2011. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total rises from 18.6% to 26.4%. Equity and debt are higher.

Next steps

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