ACTIVE

CEGELEC

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Financial year 2025 · Closed on 31/12/2025

Net result7,9 M €-9,0 %over 1 year

Revenue165,6 M €+17,3 %over 1 year

Equity21,2 M €-10,1 %over 1 year

Workforce300,5 ETP-31,3 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 23 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	10,2 M €	+6.8%	9,5 M €	+11.5%	8,6 M €	+1.7%	8,4 M €	+16.4%	7,2 M €
Operating result	9,6 M €	+7.2%	9 M €	+4.1%	8,6 M €	+8.0%	8 M €	+22.6%	6,5 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 €
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 €
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 €
Cash	47,8 M €	-31.5%	69,7 M €	+17.2%	59,5 M €	+18.1%	50,4 M €	+4.1%	48,4 M €
Debts	80,3 M €	-10.8%	90,1 M €	+7.6%	83,7 M €	+13.4%	73,9 M €	-6.5%	79 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

Valuation

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann Verbruggen	Director01/01/2026 → 16/06/2031
FILIP AERTS	Director01/01/2025 → 18/06/2030
VINCENT DELEERSNYDER	Managing director01/01/2025 → 18/06/2030
Ann HENDRICKX	Director01/01/2013 → 18/06/2030
Fabrice MONTESI	Director01/01/2013 → 18/06/2030Managing director01/01/2014 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc LEMAIRE	Director20/06/2023 → 2024 accounts
Eddy VANDERSMISSEN	Director01/09/2020 → 2024 accounts

Other companies at this address

Avenue du Bourget 44 1130 Bruxelles

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 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
SM Agians● Active	0751.690.711

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 16 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann Verbruggen	Director01/01/2026 → 16/06/2031
FILIP AERTS	Director01/01/2025 → 18/06/2030
VINCENT DELEERSNYDER	Managing director01/01/2025 → 18/06/2030
Ann HENDRICKX	Director01/01/2013 → 18/06/2030
Fabrice MONTESI	Director01/01/2013 → 18/06/2030Managing director01/01/2014 → 2021 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Marc LEMAIRE	Director20/06/2023 → 2024 accounts
Eddy VANDERSMISSEN	Director01/09/2020 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1960

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Ann Verbruggen

FILIP AERTS

VINCENT DELEERSNYDER

Fabrice MONTESI

Ann HENDRICKX

Marc LEMAIRE

Edwin SAMYN

Eddy VANDERSMISSEN

Rik MALFAIT

Benny VANDEVENNE

ANNE-PASCALE KOEUNE

Bart Marijke Artois

Show the 9 other mandates

196619671968196919701971197219731974197519761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

CEGELEC

Avenue du Bourget 44, 1130 Haren

Director

Managing director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue du Bourget 44, 1130 HarenCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206347

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CEGELECCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00206347

Events

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

CEGELEC

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events