ACTIVE

Cera

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Financial year 2025 · closed on 31/12/2025

Net result

185,4 M €

-16.9% YoY

Revenue

19,7 M €

+17.3% YoY

Equity

3,3 Md €

+4.0% YoY

Workforce

45,9 ETP

+1.5% YoY

What does Cera do?

Cera is a Cooperative society incorporated in 1935. Its registered office is in Leuven. It employs on average 45,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.581.960

Incorporation

22/03/1935

Legal form

Cooperative society

Registered office

Muntstraat 1
3000 Leuven · FlandreSee on map

Contributed capital

718 132 277,41 €

Latest accounts

31/12/2025

Average workforce

45,9 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Revenue	19,7 M €	+17.3%	16,8 M €	+15.2%	14,6 M €	+12.1%	13 M €	+24.1%	10,5 M €	+37.0%	7,6 M €	+26.0%	6,1 M €	+149%	2,4 M €	+1.5%	2,4 M €	+56.8%	1,5 M €	-28.6%	2,1 M €	+32.5%	1,6 M €	-9.6%	1,8 M €	-31.0%	2,6 M €	+158%	1 M €	+26.3%	796,7 k €	-37.7%	1,3 M €	+32.7%	964,1 k €
EBITDA	-35,7 M €	-5.4%	-33,9 M €	-11.0%	-30,5 M €	-15.7%	-26,4 M €	-19.1%	-22,1 M €	-15.1%	-19,2 M €	+10.6%	-21,5 M €	-8.4%	-19,9 M €	-5.4%	-18,8 M €	-10.0%	-17,1 M €	+0.4%	-17,2 M €	-22.8%	-14 M €	+6.0%	-14,9 M €	+4.4%	-15,6 M €	+9.2%	-17,2 M €	-2.4%	-16,8 M €	+26.6%	-22,8 M €	+22.0%	-29,2 M €
Operating result	-36,6 M €	-5.2%	-34,8 M €	-10.6%	-31,5 M €	-15.0%	-27,4 M €	-18.3%	-23,1 M €	-14.4%	-20,2 M €	+10.1%	-22,5 M €	-8.1%	-20,8 M €	-10.2%	-18,9 M €	-10.0%	-17,2 M €	+0.4%	-17,2 M €	-22.7%	-14 M €	+6.0%	-14,9 M €	+4.3%	-15,6 M €	+9.1%	-17,2 M €	-2.4%	-16,8 M €	+26.7%	-22,9 M €	+21.9%	-29,3 M €
Net result	185,4 M €	-16.9%	223 M €	+29.5%	172,2 M €	-49.4%	340,2 M €	-40.2%	568,6 M €	+2917%	-20,2 M €	-114%	142,8 M €	+17.7%	121,3 M €	+20.9%	100,4 M €	-73.3%	376,5 M €	+499%	62,8 M €	+476%	-16,7 M €	-111%	147,2 M €	+601%	-29,4 M €	-116%	-13,6 M €	+56.6%	-31,3 M €	+13.3%	-36,2 M €	+95.6%	-818,1 M €
Balance sheet
Equity	3,3 Md €	+4.0%	3,1 Md €	+5.3%	3 Md €	+4.5%	2,8 Md €	+10.5%	2,6 Md €	+26.5%	2 Md €	-2.1%	2,1 Md €	+5.7%	2 Md €	+3.8%	1,9 Md €	+2.9%	1,8 Md €	+27.4%	1,4 Md €	+1.4%	1,4 Md €	-4.9%	1,5 Md €	+8.9%	1,4 Md €	-3.0%	1,4 Md €	-2.8%	1,5 Md €	-4.5%	1,5 Md €	-5.3%	1,6 Md €
Total assets	3,3 Md €	+4.0%	3,2 Md €	+5.3%	3 Md €	+4.4%	2,9 Md €	+10.6%	2,6 Md €	+26.2%	2,1 Md €	-2.1%	2,1 Md €	+5.7%	2 Md €	+3.7%	1,9 Md €	-0.4%	1,9 Md €	+25.9%	1,5 Md €	+1.3%	1,5 Md €	-4.8%	1,6 Md €	-23.5%	2,1 Md €	+2.8%	2 Md €	-0.4%	2 Md €	-1.8%	2,1 Md €	-1.1%	2,1 Md €
Cash	2 M €	-30.6%	2,9 M €	+54.7%	1,9 M €	-99.5%	413,9 M €	+4.1%	397,6 M €	+30.3%	305,1 M €	-2.7%	313,5 M €	+72.3%	182 M €	+98.6%	91,6 M €	+11.9%	81,9 M €	+17.7%	69,6 M €	+386%	14,3 M €	-15.8%	17 M €	+256969%	6,6 k €	+4.4%	6,3 k €	-70.7%	21,6 k €	-73.9%	82,9 k €	+1062%	7,1 k €
Debts	38,9 M €	-0.7%	39,2 M €	+5.0%	37,3 M €	-1.8%	38 M €	+25.6%	30,3 M €	+8.3%	28 M €	-6.0%	29,7 M €	+8.4%	27,4 M €	-5.1%	28,9 M €	-67.5%	88,8 M €	+2.1%	87 M €	+1.0%	86,2 M €	-1.9%	87,8 M €	-87.3%	689,4 M €	+16.6%	591 M €	+5.8%	558,6 M €	+6.2%	526,1 M €	+13.9%	462 M €
Other
Workforce	45,9 ETP	+1.5%	45,2 ETP	+0.2%	45,1 ETP	+1.8%	44,3 ETP	+7.0%	41,4 ETP	-0.2%	41,5 ETP	-3.5%	43,0 ETP	-2.3%	44,0 ETP	-0.2%	44,1 ETP	0.0%	44,1 ETP	+13.4%	38,9 ETP	+4.6%	37,2 ETP	-7.5%	40,2 ETP	-0.2%	40,3 ETP	-3.4%	41,7 ETP	-1.4%	42,3 ETP	-4.3%	44,2 ETP	+3.0%	42,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Administrator - manager · since 02 juin 1998 · 0463.489.061

Represented by Frederik Vandepitte

Active

Ended mandates

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Director · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · 0463.489.061

Represented by Franky Depickere

Ended

At this address

Other companies at this address

Company	CBE no.
ALMANCORA● Active	0474.256.952
ALMANCORA BEHEERSMAATSCHAPPIJ● Active	0473.812.039
BRS● Active	0446.437.154
BRS MICROFINANCE COOP● Liquidation	0508.996.711
Cera Ancora● Active	0463.314.263
CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION● Active	0463.489.061
KBC ANCORA● Active	0464.965.639

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	08/06/2026	18/06/2025	01/07/2024	08/06/2023	14/06/2022	08/06/2021
General meeting	06/06/2026	14/06/2025	08/06/2024	03/06/2023	11/06/2022	04/06/2021
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

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Filings

Annual accounts filings

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/06/2026	08/06/2026	Dutch	PDF
Consolidated accounts	31/12/2025	06/06/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	14/06/2025	18/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	14/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	08/06/2024	01/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	08/06/2024	01/07/2024	Dutch	PDF
Full model	31/12/2022	03/06/2023	08/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	03/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	11/06/2022	14/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	11/06/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	04/06/2021	08/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	04/06/2021	08/06/2021	Dutch	PDF
Full model	31/12/2019	06/06/2020	12/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	06/06/2020	12/06/2020	Dutch	PDF
Full model	31/12/2018	08/06/2019	25/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	08/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	09/06/2018	12/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	09/06/2018	12/06/2018	Dutch	PDF
Full model	31/12/2016	10/06/2017	13/06/2017	Dutch	PDF
Consolidated accounts	31/12/2016	10/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	04/06/2016	07/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	04/06/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	06/06/2015	08/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	06/06/2015	08/06/2015	Dutch	PDF

View all 42 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 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 · 1 active · 5 ended

Active mandates

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Administrator - manager · since 02 juin 1998 · 0463.489.061

Represented by Frederik Vandepitte

Active

Ended mandates

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Director · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · since 02 juin 1998 · 0463.489.061

Represented by Franky Depickere

Ended

CERA BEHEERSMAATSCHAPPIJ - CERA SOCIETE DE GESTION

Manager · 0463.489.061

Represented by Franky Depickere

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Other18/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates12/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Annual accounts22/06/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - JAARREKENINGEN - DIVERSEN - DOEL
PDF
Mandates07/07/2020
ONTSLAGEN - BENOEMINGEN
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 2025185,4 M €↓
14/06/2025
nominationDamien Walgrave — commissaris
2024
Annual accounts 2024223 M €↑
01/02/2024
nominationFrederik VANDEPITTE — lid van het Comité van Dagelijks Bestuur
2023
Annual accounts 2023172,2 M €↓
18/05/2023
nominationMarc DE CEUSTER — lid van het Comité van Dagelijks Bestuur
2022
Annual accounts 2022340,2 M €↓
11/06/2022
nominationKenneth Vermeire — vaste vertegenwoordiger van de commissaris (KPMG Bedrijfsrevisoren BV)
2021
Annual accounts 2021568,6 M €↑
2020
Annual accounts 2020-20,2 M €↓
2019
Annual accounts 2019142,8 M €↑
2018
Annual accounts 2018121,3 M €↑
2017
Annual accounts 2017100,4 M €↓
2016
Annual accounts 2016376,5 M €↑
2015
Annual accounts 201562,8 M €↑
2014
Annual accounts 2014-16,7 M €↓
2013
Annual accounts 2013147,2 M €↑
2012
Annual accounts 2012-29,4 M €↓
2011
Annual accounts 2011-13,6 M €↑
2010
Annual accounts 2010-31,3 M €↑
2009
Annual accounts 2009-36,2 M €↑
2008
Annual accounts 2008-818,1 M €
22/03/1935
IncorporationCooperative society

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

Cera

Overview

What does Cera do?

Trend over 18 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