ACTIVE

CARMEUSE RESEARCH AND TECHNOLOGY

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Financial year 2025 · Closed on 31/12/2025

Net result1,6 Md €+38 835,8 %over 1 year

Revenue24,2 M €+4,2 %over 1 year

Equity180,4 M €-33,8 %over 1 year

Workforce32,0 ETP+8,1 %over 1 year

Identity

Source · BCE/KBO

CARMEUSE RESEARCH AND TECHNOLOGY is a Public limited company incorporated in 1960. Its main activity is: Wholesale of wood, construction materials and sanitary equipment. Its registered office is in Ottignies-Louvain-la-Neuve. It employs on average 32,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.236.513
Incorporation: 16/05/1960
Legal form: Public limited company
Registered office: Boulevard de Lauzelle 65
1348 Ottignies-Louvain-la-Neuve · WallonieSee on map
Contributed capital: 173 863 139,74 €
Latest accounts: 31/12/2025
Average workforce: 32,0 ETP

Activities (NACE)

46731Wholesale of wood, construction materials and sanitary equipment· main 46831Wholesale trade, except of motor vehicles and motorcycles 51532Air transport 72109Research and experimental development on natural sciences and engineering 72190Other research and experimental development on natural sciences and engineering 73100Advertising

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	24,2 M €	+4.2%	23,3 M €	+13.8%	20,4 M €	+25.2%	16,3 M €	-0.1%	16,3 M €
EBITDA	3,6 M €	+29.2%	2,8 M €	+15.5%	2,4 M €	+36.9%	1,8 M €	-48.7%	3,5 M €
Operating result	266,4 k €	+1960%	12,9 k €	-96.3%	349,3 k €	+21697%	1,6 k €	-99.9%	1,9 M €
Net result	1,6 Md €	+38836%	-4,1 M €	-35.2%	-3 M €	+11.3%	-3,4 M €	-120%	-1,6 M €
Balance sheet
Equity	180,4 M €	-33.8%	272,6 M €	-1.5%	276,8 M €	+35.1%	204,8 M €	-1.6%	208,2 M €
Total assets	369 M €	+0.6%	366,8 M €	+1.1%	363 M €	+1.8%	356,6 M €	+3.6%	344,3 M €
Cash	1,8 k €	-95.9%	43,4 k €	+1127%	3,5 k €	-95.5%	79,4 k €	-30.6%	114,5 k €
Debts	187 M €	+99.3%	93,8 M €	+9.0%	86,1 M €	-43.2%	151,6 M €	+11.5%	135,9 M €
Other
Workforce	32,0 ETP	+8.1%	29,6 ETP	-12.4%	33,8 ETP	+18.6%	28,5 ETP	-8.4%	31,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
KAORIS0757.883.368Represented by Barbara Jonnart	Director22/02/2021 → 08/06/2026
Kristel Verleyen	Director11/06/2018 → 08/06/2026
SEDIAM0840.646.243Represented by Sébastien Dossogne	Director13/06/2023 → 08/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DZH0807.169.662Represented by Rodolphe Collinet	Managing director08/06/2020 → 2020 accounts
GENAXIS0463.935.657Represented by Yves Willems	Director08/06/2020 → 2021 accounts

Other companies at this address

Boulevard de Lauzelle 65 1348 Ottignies-Louvain-la-Neuve

Company	CBE no.
Carfin● Active	0407.899.747
Carmeuse America● Active	0506.868.550
Carmeuse America Holding● Active	0506.869.441
CARMEUSE COORDINATION CENTER● Active	0439.839.867
Carmeuse Europe● Active	0678.992.971
Carmeuse Europe Services● Active	0799.439.950
Carmeuse Impact● Active	1016.968.190
Carmeuse Technologies● Active	0686.768.017
Carmeuse Ventures● Active	1019.722.101
ETUDES ET VALORISATION DES SITES● Active	0416.506.023
Nature, Forêt et Diversité● Active	0597.610.664

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	06/07/2026	10/07/2025	01/07/2024	14/07/2023	02/08/2022	25/08/2021
General meeting	08/06/2026	10/06/2025	10/06/2024	13/06/2023	13/06/2022	25/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	06/07/2026	French	PDF
Full model	31/12/2024	10/06/2025	10/07/2025	French	PDF
Full model	31/12/2023	10/06/2024	01/07/2024	French	PDF
Full model	31/12/2022	13/06/2023	14/07/2023	French	PDF
Full model	31/12/2021	13/06/2022	02/08/2022	French	PDF
Full model	31/12/2020	25/06/2021	25/08/2021	French	PDF
Full model	31/12/2019	08/06/2020	18/09/2020	French	PDF
Full model	31/12/2018	11/06/2019	09/08/2019	French	PDF
Full model	31/12/2017	25/04/2018	16/07/2018	French	PDF
Full model	31/12/2016	12/06/2017	20/07/2017	French	PDF
Full model	31/12/2015	13/06/2016	11/08/2016	French	PDF
Full model	31/12/2014	08/06/2015	05/08/2015	French	PDF
Full model	31/12/2013	10/06/2014	07/07/2014	French	PDF
Full model	31/12/2012	10/06/2013	25/06/2013	French	PDF
Full model	31/12/2011	11/06/2012	27/06/2012	French	PDF
Full model	31/12/2010	14/06/2011	16/09/2011	French	PDF
Full model	31/12/2009	14/06/2010	24/06/2010	French	PDF
Full model	31/12/2008	08/06/2009	31/07/2009	French	PDF
Full model	31/12/2007	09/06/2008	09/07/2008	French	PDF
Full model	31/12/2006	23/04/2007	04/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

3 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
KAORIS0757.883.368Represented by Barbara Jonnart	Director22/02/2021 → 08/06/2026
Kristel Verleyen	Director11/06/2018 → 08/06/2026
SEDIAM0840.646.243Represented by Sébastien Dossogne	Director13/06/2023 → 08/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DZH0807.169.662Represented by Rodolphe Collinet	Managing director08/06/2020 → 2020 accounts
GENAXIS0463.935.657Represented by Yves Willems	Director08/06/2020 → 2021 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares27/10/2026
CAPITAL, ACTIONS
PDF
Mandates07/08/2026
nomination
PDF
Capital / shares05/02/2024
CAPITAL, ACTIONS
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Other13/05/2022
DIVERS
PDF
Mandates06/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/10/2020
DEMISSIONS, NOMINATIONS
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

Filings20 filings

Mandates

KAORIS

SEDIAM

Kristel Verleyen

GENAXIS

STRATEGIC, GENERAL AND FINANCIAL MANAGEMENT

DZH

DZH SPRL

Rainer REGENBERG

Alain Guiot

Serge Godefroid

Olivier Majerus

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Carmeuse Research & TechnologyCARMEUSE RESEARCH AND TECHNOLOGY

Boulevard de Lauzelle 65, 1348 Louvain-la-Neuve

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard de Lauzelle 65, 1348 Louvain-la-NeuveCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00265745

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CARMEUSE RESEARCH AND TECHNOLOGYCurrent		CBE
Carmeuse Research & Technology	accounts 2021 → 2025	Accounts 2025 · 2026-00265745
CARMEUSE RESEARCH AND TECHNOLOGY	accounts 2007 → 2020	Accounts 2020 · 2021-53200032
CGS GRANULATS	accounts 2006	Accounts 2006 · 2007-17700198

Events

2025
Annual accounts 20251,6 Md €↑
2024
Annual accounts 2024-4,1 M €↓
2023
Annual accounts 2023-3 M €↑
2022
Annual accounts 2022-3,4 M €↓
2021
Annual accounts 2021-1,6 M €↓
2021
Name changeCarmeuse Research & Technology
2020
Annual accounts 20203 M €↑
2019
Annual accounts 20191,8 M €↓
2018
Annual accounts 20184,1 M €↑
2017
Annual accounts 2017232,2 k €↑
2016
Annual accounts 2016194,6 k €↓
2015
Annual accounts 2015279,2 k €↓
2014
Annual accounts 2014294 k €↓
2013
Annual accounts 2013517 k €↓
2012
Annual accounts 20121,1 M €↑
2011
Annual accounts 2011-995,8 k €↓
2010
Annual accounts 2010737,6 k €↓
2009
Annual accounts 2009993,8 k €↑
2008
Annual accounts 2008-482,1 k €↓
2007
Annual accounts 200760,1 k €↑
2007
Name changeCARMEUSE RESEARCH AND TECHNOLOGY
2006
Annual accounts 2006-15,2 k €
16/05/1960
IncorporationPublic limited company

CARMEUSE RESEARCH AND TECHNOLOGY

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