ACTIVE

CEGELEC

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

7,9 M €

-9.0% YoY

Revenue

165,6 M €

+17.3% YoY

Equity

21,2 M €

-10.1% YoY

Workforce

300,5 ETP

-31.3% YoY

What does CEGELEC do?

CEGELEC is a Public limited company incorporated in 1960. Its main activity is: Manufacture of electricity distribution and control apparatus. Its registered office is in Bruxelles. It employs on average 300,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0402.031.346

Incorporation

17/11/1960

Legal form

Public limited company

Registered office

Avenue du Bourget 44
1130 Bruxelles · BruxellesSee on map

Contributed capital

9 554 625,00 €

Latest accounts

31/12/2025

Average workforce

300,5 ETP

Activities (NACE)

27120Manufacture of electricity distribution and control apparatus· main 27120Manufacture of electricity distribution and control apparatus 31200Manufacture of furniture 43211Electrical installation 43211Electrical installation

Joint committees (3)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2012		2011		2010		2008
Income statement
Revenue	165,6 M €	+17.3%	141,1 M €	+10.5%	127,8 M €	+2.1%	125,1 M €	+13.5%	110,2 M €	-2.6%	113,2 M €	-8.5%	123,7 M €	+36.5%	90,6 M €	-17.1%	109,4 M €	-18.4%	134 M €	-37.2%	213,4 M €	+1.0%	211,3 M €	-7.2%	227,7 M €	-9.7%	252 M €
EBITDA	10,2 M €	+6.8%	9,5 M €	+11.5%	8,6 M €	+1.7%	8,4 M €	+16.4%	7,2 M €	+19.4%	6,1 M €	-21.8%	7,7 M €	+5.0%	7,4 M €	+41.0%	5,2 M €	-21.4%	6,7 M €	-48.9%	13 M €	+28.0%	10,2 M €	-10.9%	11,4 M €	+134%	4,9 M €
Operating result	9,6 M €	+7.2%	9 M €	+4.1%	8,6 M €	+8.0%	8 M €	+22.6%	6,5 M €	+21.8%	5,3 M €	-25.4%	7,2 M €	+3.7%	6,9 M €	+47.0%	4,7 M €	-23.0%	6,1 M €	-48.2%	11,8 M €	+52.7%	7,7 M €	-28.0%	10,7 M €	+197%	3,6 M €
Net result	7,9 M €	-9.0%	8,7 M €	+13.1%	7,7 M €	+49.9%	5,1 M €	+14.4%	4,5 M €	+30.3%	3,4 M €	-26.3%	4,7 M €	+5.5%	4,4 M €	+74.6%	2,5 M €	-34.0%	3,8 M €	+55.3%	2,5 M €	-61.9%	6,5 M €	-17.8%	7,9 M €	+241%	-5,6 M €
Balance sheet
Equity	21,2 M €	-10.1%	23,5 M €	+0.0%	23,5 M €	+1.9%	23,1 M €	+0.1%	23 M €	-0.1%	23,1 M €	-5.6%	24,4 M €	+5.7%	23,1 M €	+17.5%	19,6 M €	-24.0%	25,9 M €	-36.9%	41 M €	-3.6%	42,5 M €	+18.1%	36 M €	+85.9%	19,4 M €
Total assets	101,7 M €	-10.6%	113,7 M €	+5.9%	107,3 M €	+10.5%	97,1 M €	-5.2%	102,5 M €	+5.3%	97,3 M €	-2.3%	99,6 M €	+8.2%	92,1 M €	+14.3%	80,6 M €	-0.5%	81 M €	-38.3%	131,3 M €	-3.7%	136,3 M €	+2.8%	132,5 M €	-8.7%	145,2 M €
Cash	47,8 M €	-31.5%	69,7 M €	+17.2%	59,5 M €	+18.1%	50,4 M €	+4.1%	48,4 M €	+10.8%	43,7 M €	+4.9%	41,6 M €	-35.0%	64 M €	+12.7%	56,8 M €	+4.3%	54,5 M €	+165%	20,6 M €	+99.6%	10,3 M €	-47.3%	19,6 M €	-59.1%	47,9 M €
Debts	80,3 M €	-10.8%	90,1 M €	+7.6%	83,7 M €	+13.4%	73,9 M €	-6.5%	79 M €	+7.0%	73,8 M €	-1.3%	74,8 M €	+9.3%	68,4 M €	+14.2%	59,9 M €	+12.0%	53,5 M €	-34.0%	81 M €	-10.2%	90,2 M €	-1.1%	91,2 M €	-24.6%	120,9 M €
Other
Workforce	300,5 ETP	-31.3%	437,6 ETP	+0.3%	436,5 ETP	+2.9%	424,0 ETP	+1.4%	418,0 ETP	-0.3%	419,3 ETP	+4.6%	401,0 ETP	+7.3%	373,8 ETP	+0.4%	372,2 ETP	-3.1%	384,1 ETP	-72.9%	1 417,4 ETP	-6.7%	1 518,4 ETP	-4.0%	1 581,3 ETP	-4.9%	1 663,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 46 ended

Active mandates

Ann Verbruggen

Director · since 01 janvier 2026 · until 16 juin 2031

Active

FILIP AERTS

Director · since 01 janvier 2025 · until 18 juin 2030

Active

VINCENT DELEERSNYDER

Managing director · since 01 janvier 2025 · until 18 juin 2030

Active

Ann HENDRICKX

Director · since 18 juin 2024 · until 18 juin 2030

Active

Fabrice MONTESI

Director · since 18 juin 2024 · until 18 juin 2030

Active

Ended mandates

Marc LEMAIRE

Director · since 20 juin 2023 · until 01 janvier 2025

Ended

Marc LEMAIRE

Director · since 20 juin 2023 · until 19 juin 2029

Ended

Eddy VANDERSMISSEN

Director · since 01 septembre 2020 · until 01 janvier 2025

Ended

Eddy VANDERSMISSEN

Director · since 01 septembre 2020 · until 16 juin 2026

Ended

At this address

Other companies at this address

Company	CBE no.
AXIANS AUDIOVISUAL BELGIUM● Active	0435.513.865
Axians-PRG● Active	1013.432.343
CEGELEC CONTROL SYSTEMS & SERVICES● Active	0842.188.642
Cegelec Electrical Solutions● Active	0431.998.111
Cegelec Fire Solutions● Active	0844.082.716
Cegelec-Haulogy Energy● Active	1027.491.009
Cegelec Industry● Active	0539.891.310
CEGELEC INFRA TECHNICS● Active	0476.190.123
Cegelec Putman TR 895361 RER● Active	0781.329.159
CEGELEC - VAN CLEEMPUT - CMI● Active	0565.909.876
CEGELEC-VMA-MARRONNIERS.● Active	1030.848.890
CEGELEC-VMA UZ GENT● Active	1024.624.262
CLAXCE● Active	0766.468.660
GPP Overseas● Active	1007.424.677
INTERNATIONAL POST CORPORATION● Active	0436.501.681
KAISER + KRAFT● Active	0414.348.960
RADISSON HOSPITALITY BELGIUM● Active	0442.832.318
RADISSON HOSPITALITY SERVICES● Active	0728.469.703
RADISSON LOYALTY MANAGEMENT● Active	0766.994.341
Radisson People Foundation● Active	1022.128.590

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	04/11/2025	12/07/2024	22/06/2023	22/06/2022	28/06/2021
General meeting	10/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

23 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/06/2026	25/06/2026	French	PDF
Full model	31/12/2025	10/06/2026	24/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	17/06/2025	04/11/2025	Dutch	PDF
Full modelCorrection	31/12/2024	17/06/2025	16/10/2025	Dutch	PDF
Full model	31/12/2024	17/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	12/07/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	22/06/2023	French	PDF
Full model	31/12/2021	21/06/2022	22/06/2022	French	PDF
Full model	31/12/2020	15/06/2021	28/06/2021	French	PDF
Full model	31/12/2019	16/06/2020	29/06/2020	French	PDF
Full model	31/12/2018	18/06/2019	25/06/2019	French	PDF
Full model	31/12/2017	11/06/2018	25/06/2018	French	PDF
Full model	31/12/2016	09/06/2017	28/06/2017	French	PDF
Full model	31/12/2015	03/06/2016	24/06/2016	French	PDF
Full model	31/12/2014	26/05/2015	12/06/2015	French	PDF
Full model	31/12/2013	22/05/2014	17/06/2014	French	PDF
Full model	31/12/2012	15/05/2013	20/06/2013	French	PDF
Full model	31/12/2011	12/06/2012	05/07/2012	French	PDF
Full model	31/12/2010	11/05/2011	09/06/2011	French	PDF
Full model	31/12/2009	28/04/2010	10/05/2010	French	PDF
Full model	31/12/2008	29/04/2009	27/05/2009	French	PDF
Full model	31/12/2007	06/05/2008	09/06/2008	French	PDF
Full model	31/12/2006	28/03/2007	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 46 ended

Active mandates

Ann Verbruggen

Director · since 01 janvier 2026 · until 16 juin 2031

Active

FILIP AERTS

Director · since 01 janvier 2025 · until 18 juin 2030

Active

VINCENT DELEERSNYDER

Managing director · since 01 janvier 2025 · until 18 juin 2030

Active

Ann HENDRICKX

Director · since 18 juin 2024 · until 18 juin 2030

Active

Fabrice MONTESI

Director · since 18 juin 2024 · until 18 juin 2030

Active

Ended mandates

Marc LEMAIRE

Director · since 20 juin 2023 · until 01 janvier 2025

Ended

Marc LEMAIRE

Director · since 20 juin 2023 · until 19 juin 2029

Ended

Eddy VANDERSMISSEN

Director · since 01 septembre 2020 · until 01 janvier 2025

Ended

Eddy VANDERSMISSEN

Director · since 01 septembre 2020 · until 16 juin 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2025
DEMISSIONS, NOMINATIONS
PDF
Capital / shares28/03/2025
KAPITAAL - AANDELEN
PDF
Capital / shares28/03/2025
CAPITAL, ACTIONS
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

01/01/2026
nominationAnn VERBRUGGEN — administrateur
01/01/2026
nominationAnn VERBRUGGEN — bestuurder
2025
Annual accounts 20257,9 M €↓
17/06/2025
nominationEY Réviseurs d'Entreprises — commissaire
17/06/2025
nominationEY Bedrijfsrevisoren — commissaris
14/02/2025
nominationBart Van Der Meersch — bestuurder
14/02/2025
nominationBart VAN DER MEERSCH — administrateur
01/01/2025
augmentation_capital
01/01/2025
split
01/01/2025
nominationFilip AERTS — bestuurder
01/01/2025
nominationVincent DELEERSNYDER — bestuurder
01/01/2025
nominationFilip AERTS — administrateur
01/01/2025
nominationVincent DELEERSNYDER — administrateur
01/01/2025
reduction_capital
2024
Annual accounts 20248,7 M €↑
20/12/2024
augmentation_capitalVinci Energies Belgium SA
19/06/2024
reconductionFabrice Montesi — Administrateur
19/06/2024
reconductionAnn Hendrickx — Administrateur
19/06/2024
reconductionBenny Vandevenne — Administrateur
19/06/2024
reconductionFabrice Montesi — administrateur délégué
2023
Annual accounts 20237,7 M €↑
20/06/2023
reconductionMarc Lemaire — administrateur
20/06/2023
reconductionMarc Lemaire — bestuurder
20/06/2023
reconductionDeloitte Bedrijfsrevisoren — commissaris
2022
Annual accounts 20225,1 M €↑
2021
Annual accounts 20214,5 M €↑
2020
Annual accounts 20203,4 M €↓
2019
Annual accounts 20194,7 M €↑
2018
Annual accounts 20184,4 M €↑
2017
Annual accounts 20172,5 M €↓
2016
Annual accounts 20163,8 M €↑
2012
Annual accounts 20122,5 M €↓
2011
Annual accounts 20116,5 M €↓
2010
Annual accounts 20107,9 M €↑
2008
Annual accounts 2008-5,6 M €
17/11/1960
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

CEGELEC

Overview

What does CEGELEC do?

Trend over 14 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