ACTIVE

CIVADEC

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Financial year 2025 · closed on 31/12/2025

Net result

59,3 k €

-85.6% YoY

Gross margin

614,6 k €

-37.0% YoY

Equity

3,2 M €

-0.5% YoY

Workforce

0,0 ETP

What does CIVADEC do?

CIVADEC is a Public limited company incorporated in 1968. Its main activity is: Buying and selling of own real estate. Its registered office is in Drogenbos.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.282.970

Incorporation

01/01/1968

Legal form

Public limited company

Registered office

Chaussée de Ruisbroek 290
1620 Drogenbos · FlandreSee on map

Contributed capital

1 687 712,73 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	614,6 k €	-37.0%	976,3 k €	+47.7%	661 k €	+11.4%	593,4 k €	-31.6%	867,2 k €	+125%	384,9 k €	+2.7%	374,8 k €	-1.6%	380,8 k €	+15.0%	331,3 k €	+14.4%	289,5 k €	-10.9%	324,9 k €	+5.8%	307,2 k €	+8.0%	284,3 k €	-6.5%	304 k €	+2.9%	295,4 k €
EBITDA	477,7 k €	-43.5%	845,8 k €	+61.3%	524,3 k €	+23.1%	425,9 k €	-39.8%	707,3 k €	+134%	302 k €	-2.9%	311,1 k €	+25.1%	248,7 k €	+3.7%	239,9 k €	+7.0%	224,2 k €	-16.1%	267,2 k €	+8.7%	245,7 k €	+13.9%	215,8 k €	+26.9%	170 k €	+55.0%	109,7 k €
Operating result	59,2 k €	-88.2%	503,2 k €	+1793%	-29,7 k €	+76.2%	-124,7 k €	-175%	166,3 k €	+91.5%	86,8 k €	-38.5%	141,2 k €	+46.6%	96,4 k €	-40.9%	163,2 k €	+9.4%	149,1 k €	-20.0%	186,3 k €	+28.7%	144,7 k €	+15.6%	125,2 k €	+48.8%	84,1 k €	+744%	10 k €
Net result	59,3 k €	-85.6%	411,8 k €	+5830%	6,9 k €	+108%	-88,9 k €	-165%	135,9 k €	+86.7%	72,8 k €	-71.8%	258,2 k €	+246%	74,5 k €	-33.6%	112,3 k €	-0.8%	113,2 k €	-11.4%	127,8 k €	+0.5%	127,2 k €	+35.7%	93,7 k €	-32.7%	139,3 k €	+721%	17 k €
Balance sheet
Equity	3,2 M €	-0.5%	3,3 M €	+7.7%	3 M €	-1.7%	3,1 M €	-3.5%	3,2 M €	+89.0%	1,7 M €	-29.9%	2,4 M €	+12.0%	2,1 M €	+3.6%	2,1 M €	+5.7%	2 M €	+6.1%	1,8 M €	+7.4%	1,7 M €	+8.0%	1,6 M €	+6.3%	1,5 M €	+10.2%	1,4 M €
Total assets	4,3 M €	+0.1%	4,3 M €	-3.7%	4,5 M €	-0.8%	4,5 M €	-6.4%	4,8 M €	+132%	2,1 M €	-23.5%	2,7 M €	+2.4%	2,6 M €	+9.9%	2,4 M €	+2.1%	2,3 M €	+3.0%	2,3 M €	+2.8%	2,2 M €	+3.4%	2,1 M €	-4.1%	2,2 M €	+43.4%	1,6 M €
Cash	436,4 k €	-0.4%	438,1 k €	+45.6%	300,9 k €	+2.5%	293,5 k €	-43.2%	516,3 k €	+118%	236,5 k €	+48.2%	159,6 k €	+315%	38,5 k €	-27.7%	53,2 k €	-58.0%	126,6 k €	+4.1%	121,6 k €	+14.7%	106 k €	-47.5%	201,7 k €	+326%	47,3 k €	-24.3%	62,5 k €
Debts	828,1 k €	+5.9%	782,2 k €	-31.4%	1,1 M €	+4.2%	1,1 M €	-13.2%	1,3 M €	+3258%	37,6 k €	+22.0%	30,8 k €	-86.4%	226,7 k €	+85.9%	122 k €	-33.8%	184,3 k €	-19.1%	228 k €	-21.5%	290,3 k €	-15.8%	344,7 k €	-36.0%	538,5 k €	+718%	65,9 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 32 ended

Active mandates

Alexandre Van Sintejan

Managing director

Active

Bernadette Van Sintejan

Director

Active

FINAFI

Director · 0427.197.304

Represented by Jean-Michel Van Sintejan

Active

Michel Van Sintejan

Managing director

Active

Olivier Van Sintejan

Director

Active

Ended mandates

Alexandre Van Sintejan

Managing director · since 30 juin 2022 · until 28 mai 2026

Ended

Alexandre Van Sintejan

Managing director · since 30 juin 2022 · until 31 mai 2027

Ended

Bernadette Van Sintejan

Director · since 31 mai 2021 · until 27 mai 2027

Ended

Bernadette Van Sintejan

Director · since 31 mai 2021 · until 31 mai 2027

Ended

At this address

Other companies at this address

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BEMI● Active	0719.724.162
FINAFI● Active	0427.197.304
J.D.B. and Co● Active	0448.793.363
Le Cirio● Active	0406.476.916
MARAC● Active	0649.991.159
MICA● Active	0719.724.954

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	25/06/2026	15/07/2025	03/06/2024	06/06/2023	11/07/2022	07/06/2021
General meeting	28/05/2026	22/05/2025	23/05/2024	12/05/2023	30/06/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	28/05/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	22/05/2025	15/07/2025	Dutch	PDF
Abridged model	31/12/2023	23/05/2024	03/06/2024	Dutch	PDF
Abridged model	31/12/2022	12/05/2023	06/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	11/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	07/06/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	02/06/2020	Dutch	PDF
Abridged model	31/12/2018	11/06/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	16/04/2018	20/04/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	14/06/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	06/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	05/06/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	05/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	05/06/2013	Dutch	PDF
Abridged model	31/12/2011	31/05/2012	04/06/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	01/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	02/06/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	08/06/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	04/06/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	25/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 5 active · 32 ended

Active mandates

Alexandre Van Sintejan

Managing director

Active

Bernadette Van Sintejan

Director

Active

FINAFI

Director · 0427.197.304

Represented by Jean-Michel Van Sintejan

Active

Michel Van Sintejan

Managing director

Active

Olivier Van Sintejan

Director

Active

Ended mandates

Alexandre Van Sintejan

Managing director · since 30 juin 2022 · until 28 mai 2026

Ended

Alexandre Van Sintejan

Managing director · since 30 juin 2022 · until 31 mai 2027

Ended

Bernadette Van Sintejan

Director · since 31 mai 2021 · until 27 mai 2027

Ended

Bernadette Van Sintejan

Director · since 31 mai 2021 · until 31 mai 2027

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring03/06/2024
DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates04/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring10/08/2018
BENAMING - DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring08/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Capital / shares07/09/2016
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202559,3 k €↓
2024
Annual accounts 2024411,8 k €↑
2023
Annual accounts 20236,9 k €↑
2022
Annual accounts 2022-88,9 k €↓
2021
Annual accounts 2021135,9 k €↑
2019
Name changeCIVADEC
2017
Annual accounts 201772,8 k €↓
2015
Annual accounts 2015258,2 k €↑
2014
Annual accounts 201474,5 k €↓
2013
Annual accounts 2013112,3 k €↓
2012
Annual accounts 2012113,2 k €↓
2011
Annual accounts 2011127,8 k €↑
2010
Annual accounts 2010127,2 k €↑
2009
Annual accounts 200993,7 k €↓
2008
Annual accounts 2008139,3 k €↑
2007
Annual accounts 200717 k €
2007
Name changeKinderwagens De Clippel
01/01/1968
IncorporationPublic 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

CIVADEC

Overview

What does CIVADEC do?

Trend over 15 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