What does RED CODE do?

RED CODE is a wholesaler in Merchtem. Public Limited, started on 26 February 1990, 1 establishment.

What is the address of RED CODE?

The registered office of RED CODE is located at Kwekelaarstraat 3, 1785 Merchtem.

Is RED CODE still active?

Yes. According to the CBE (29 October 2026) RED CODE is active, legal situation “Normale toestand”, started on 26 February 1990.

Is RED CODE registered on Peppol?

Yes, RED CODE is registered on the Peppol network with ID 0208:0440165412.

What is the enterprise number of RED CODE?

The enterprise number of RED CODE is BE0440165412.

When was RED CODE founded?

RED CODE was founded on 26 February 1990.

Who are the directors of RED CODE?

According to the 2025 annual accounts, the directors of RED CODE are: Christophe Reynaert, Annie Vandewalle.

Is RED CODE a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 26 February 1990; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did RED CODE make in 2025?

RED CODE posted a profit after taxes of € 195,214 in financial year 2025.

What is the revenue of RED CODE?

As a small company, RED CODE is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 176,258.

RED CODE (Public Limited) - Merchtem - BE0440165412

Dossier RED CODE, printed on 29 October 2026 from databakkes.be/en/0440165412/red-code. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

RED CODE from Merchtem, company number BE0440165412, closed financial year 2025 with a result of € 195,214 after tax. For that financial year RED CODE recorded a gross margin of € 176,258 and equity of € 7.1 million. Compared with financial year 2024, the result moved from € 186,043 to € 195,214. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.

What it is worth Growing

€ 7.1 million

▲ 3% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 195,214

▲ 5% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 513,816

▲ € 483,344 vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 7 million.

People and assets in 2025

Wage cost

€ 63,532

▲ 29% vs 2024

Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 102,939

▼ 30% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 1 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 3 million

▲ € 2.8 million vs 2024

€ 2.8 million is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 30,012

▲ 70% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 16,805

▼ 34% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 51,625 Gross margin 2022: € 51,625 First fiscal year in the series	€ 87,073 Gross margin 2023: € 87,073 ▲ 69% vs 2022 (€ 51,625) Favourable step	€ 359,649 Gross margin 2024: € 359,649 ▲ € 272,576 vs 2023 (€ 87,073) Favourable step	€ 176,258 Gross margin 2025: € 176,258 ▼ 51% vs 2024 (€ 359,649) Unfavourable step	▼ 51%
Profit after taxes	€ 39,657 Profit after taxes 2022: € 39,657 First fiscal year in the series	€ -67,005 Profit after taxes 2023: € -67,005 ▼ € 106,661 vs 2022 (€ 39,657) Unfavourable step	€ 186,043 Profit after taxes 2024: € 186,043 ▲ € 253,047 vs 2023 (€ -67,005) Favourable step	€ 195,214 Profit after taxes 2025: € 195,214 ▲ 5% vs 2024 (€ 186,043) Favourable step	▲ 5%
Equity	€ 6,753,170 Equity 2022: € 6,753,170 First fiscal year in the series	€ 6,686,166 Equity 2023: € 6,686,166 ▼ 1% vs 2022 (€ 6,753,170) Unfavourable step	€ 6,872,209 Equity 2024: € 6,872,209 ▲ 3% vs 2023 (€ 6,686,166) Favourable step	€ 7,067,423 Equity 2025: € 7,067,423 ▲ 3% vs 2024 (€ 6,872,209) Favourable step	▲ 3%
Total debts	€ 276,998 Total debts 2022: € 276,998 First fiscal year in the series	€ 303,369 Total debts 2023: € 303,369 ▲ 10% vs 2022 (€ 276,998) Unfavourable step	€ 480,203 Total debts 2024: € 480,203 ▲ 58% vs 2023 (€ 303,369) Unfavourable step	€ 3,280,891 Total debts 2025: € 3,280,891 ▲ € 2.8 million vs 2024 (€ 480,203) Unfavourable step	▲ € 2.8 million
Cash	€ 766,222 Cash 2022: € 766,222 First fiscal year in the series	€ 98,807 Cash 2023: € 98,807 ▼ 87% vs 2022 (€ 766,222) Unfavourable step	€ 30,473 Cash 2024: € 30,473 ▼ 69% vs 2023 (€ 98,807) Unfavourable step	€ 513,816 Cash 2025: € 513,816 ▲ € 483,344 vs 2024 (€ 30,473) Favourable step	▲ € 483,344
Land & buildings	€ 2,223,163 Land & buildings 2022: € 2,223,163 First fiscal year in the series	€ 2,180,569 Land & buildings 2023: € 2,180,569 ▼ 2% vs 2022 (€ 2,223,163) Unchanged	€ 2,097,439 Land & buildings 2024: € 2,097,439 ▼ 4% vs 2023 (€ 2,180,569) Unchanged	€ 2,014,309 Land & buildings 2025: € 2,014,309 ▼ 4% vs 2024 (€ 2,097,439) Unchanged	▼ 4%
Retained profit	€ 6,691,670 Retained profit 2022: € 6,691,670 First fiscal year in the series	€ 6,624,666 Retained profit 2023: € 6,624,666 ▼ 1% vs 2022 (€ 6,691,670) Unfavourable step	€ 6,810,709 Retained profit 2024: € 6,810,709 ▲ 3% vs 2023 (€ 6,624,666) Favourable step	€ 7,005,923 Retained profit 2025: € 7,005,923 ▲ 3% vs 2024 (€ 6,810,709) Favourable step	▲ 3%
Bank debt	€ 221,029 Bank debt 2022: € 221,029 First fiscal year in the series	€ 197,973 Bank debt 2023: € 197,973 ▼ 10% vs 2022 (€ 221,029) Favourable step	€ 174,430 Bank debt 2024: € 174,430 ▼ 12% vs 2023 (€ 197,973) Favourable step	€ 2,973,384 Bank debt 2025: € 2,973,384 ▲ € 2.8 million vs 2024 (€ 174,430) Unfavourable step	▲ € 2.8 million
Balance sheet total	€ 7,068,416 Balance sheet total 2022: € 7,068,416 First fiscal year in the series	€ 7,024,161 Balance sheet total 2023: € 7,024,161 ▼ 1% vs 2022 (€ 7,068,416) Unchanged	€ 7,383,417 Balance sheet total 2024: € 7,383,417 ▲ 5% vs 2023 (€ 7,024,161) Unchanged	€ 10,375,696 Balance sheet total 2025: € 10,375,696 ▲ 41% vs 2024 (€ 7,383,417) Unchanged	▲ 41%

Key figures of RED CODE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to RED CODE?

What happened at RED CODE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 30, 2026 New annual accounts for financial year 2025: profit of € 195,214 (▲ 5% vs 2024). Source: NBB ↗
Mar 19, 1990 New establishment in Merchtem. KBO
Feb 26, 1990 Start of the company according to the CBE. KBO

In short

From € 39,657 profit in 2022 to € 195,214 profit in 2025.

Paid € 2,133 in corporate taxes since 2022.

Best year ever: 2025, with € 195,214 profit.

Original PDFs at the National Bank ↗

Management

Christophe Reynaert Annie Vandewalle

CESANO GROUP

Bricks4Living

MOONBAG CAPITAL

RED CODE

Behind RED CODE are Christophe Reynaert and Annie Vandewalle. Christophe Reynaert is also behind CESANO GROUP, Bricks4Living, MOONBAG CAPITAL, VITAMINS@WORK and BEWELL INNOVATIONS.

Directors

According to the 2025 annual accounts

Christophe Reynaert

Director

Also active at: CESANO GROUP, Bricks4Living, MOONBAG CAPITAL, VITAMINS@WORK, BEWELL INNOVATIONS

Annie Vandewalle

Director

Establishments

Establishment units

Physical locations of this company

Registered office

Kwekelaarstraat 3

1785 Merchtem

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

Chateau Exclusif

€ -2,303 gross margin · 2025

Bricks4Living same network

€ 315,470 gross margin · 2025

MOONBAG I

MOONBAG II

BeWell Invest

+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0440.165.412

VAT number

BE 0440.165.412

Registered office

Kwekelaarstraat 3, 1785 Merchtem

Names & denominations

RED CODE

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

26 February 1990

Peppol

Active · Active since 29 Dec 2025

Activities · NACE

Groothandel in huishoudtextiel en beddengoed

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗

RED CODE

Warning lights

Financials

What happened to RED CODE?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions