ACTIVE

CARMEUSE RESEARCH AND TECHNOLOGY

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Financial year 2025 · closed on 31/12/2025
Net result
1,6 Md €
+38835.8% YoY
Revenue
24,2 M €
+4.2% YoY
Equity
180,4 M €
-33.8% YoY
Workforce
32,0 ETP
+8.1% YoY

What does CARMEUSE RESEARCH AND TECHNOLOGY do?

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· main46831Wholesale trade, except of motor vehicles and motorcycles51532Air transport72109Research and experimental development on natural sciences and engineering72190Other research and experimental development on natural sciences and engineering73100Advertising
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue24,2 M €23,3 M €20,4 M €16,3 M €16,3 M €18,7 M €15,5 M €14,1 M €15,1 M €18,0 M €12,6 M €12,8 M €11,4 M €–––––––
EBITDA3,6 M €2,8 M €2,4 M €1,8 M €3,5 M €7,5 M €5,2 M €4,6 M €782,8 k €1,1 M €1,3 M €828,6 k €1,0 M €1,5 M €-892,4 k €999,4 k €1,2 M €-420,9 k €48,2 k €-21,8 k €
Operating result266,4 k €12,9 k €349,3 k €1,6 k €1,9 M €6,2 M €4,1 M €4,1 M €183,0 k €414,8 k €705,3 k €497,5 k €756,9 k €1,3 M €-1,0 M €1,2 M €1,1 M €-477,1 k €48,2 k €-21,8 k €
Net result1,6 Md €-4,1 M €-3,0 M €-3,4 M €-1,6 M €3,0 M €1,8 M €4,1 M €232,2 k €194,6 k €279,2 k €294,0 k €517,0 k €1,1 M €-995,8 k €737,6 k €993,8 k €-482,1 k €60,1 k €-15,2 k €
Balance sheet
Equity180,4 M €272,6 M €276,8 M €204,8 M €208,2 M €209,8 M €206,8 M €205,0 M €1,5 M €2,8 M €2,6 M €2,3 M €2,0 M €1,5 M €391,9 k €1,4 M €650,1 k €-343,8 k €138,4 k €78,3 k €
Total assets369,0 M €366,8 M €363,0 M €356,6 M €344,3 M €344,3 M €343,5 M €343,0 M €12,2 M €15,4 M €7,9 M €7,6 M €7,4 M €7,9 M €9,2 M €5,4 M €5,9 M €3,4 M €368,0 k €434,8 k €
Cash1,8 k €43,4 k €3,5 k €79,4 k €114,5 k €22,1 k €13,0 k €3,7 k €9,6 k €24,5 k €25,7 k €14,0 k €353,7 k €32,2 k €3,8 k €9,0 k €1,9 k €863,0 €10,2 k €13,4 k €
Debts187,0 M €93,8 M €86,1 M €151,6 M €135,9 M €134,4 M €136,4 M €137,8 M €10,3 M €11,5 M €4,6 M €4,7 M €4,9 M €5,3 M €8,1 M €3,8 M €5,0 M €3,5 M €45,9 k €82,0 k €
Other
Workforce32,0 ETP29,6 ETP33,8 ETP28,5 ETP31,1 ETP33,9 ETP27,9 ETP27,2 ETP33,9 ETP50,1 ETP49,8 ETP43,3 ETP40,9 ETP33,8 ETP31,1 ETP13,2 ETP14,8 ETP13,9 ETP1,0 ETP1,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 48 ended

Active mandates

KAORIS

Director · since 13 juin 2023 · until 08 juin 2026 · 0757.883.368

Represented by Barbara Jonnart

Active
Kristel Verleyen

Director · since 13 juin 2023 · until 08 juin 2026

Active
SEDIAM

Director · since 13 juin 2023 · until 08 juin 2026 · 0840.646.243

Represented by Sébastien Dossogne

Active

Ended mandates

KAORIS

Director · since 22 février 2021 · until 12 juin 2023 · 0757.883.368

Represented by Barbara Jonnart

Ended
KAORIS

Director · since 22 février 2021 · until 13 juin 2023 · 0757.883.368

Represented by Barbara Jonnart

Ended
DZH

Managing director · since 08 juin 2020 · until 12 juin 2023 · 0807.169.662

Represented by Rodolphe Collinet

Ended
DZH

Managing director · since 08 juin 2020 · until 31 mars 2023 · 0807.169.662

Represented by Rodolphe Baron Collinet

Ended
At this address

Other companies at this address

CompanyCBE 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
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date06/07/202610/07/202501/07/202414/07/202302/08/202225/08/2021
General meeting08/06/202610/06/202510/06/202413/06/202313/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/06/202606/07/2026FrenchPDF
Full model31/12/202410/06/202510/07/2025FrenchPDF
Full model31/12/202310/06/202401/07/2024FrenchPDF
Full model31/12/202213/06/202314/07/2023FrenchPDF
Full model31/12/202113/06/202202/08/2022FrenchPDF
Full model31/12/202025/06/202125/08/2021FrenchPDF
Full model31/12/201908/06/202018/09/2020FrenchPDF
Full model31/12/201811/06/201909/08/2019FrenchPDF
Full model31/12/201725/04/201816/07/2018FrenchPDF
Full model31/12/201612/06/201720/07/2017FrenchPDF
Full model31/12/201513/06/201611/08/2016FrenchPDF
Full model31/12/201408/06/201505/08/2015FrenchPDF
Full model31/12/201310/06/201407/07/2014FrenchPDF
Full model31/12/201210/06/201325/06/2013FrenchPDF
Full model31/12/201111/06/201227/06/2012FrenchPDF
Full model31/12/201014/06/201116/09/2011FrenchPDF
Full model31/12/200914/06/201024/06/2010FrenchPDF
Full model31/12/200808/06/200931/07/2009FrenchPDF
Full model31/12/200709/06/200809/07/2008FrenchPDF
Full model31/12/200623/04/200704/06/2007FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 48 ended

Active mandates

KAORIS

Director · since 13 juin 2023 · until 08 juin 2026 · 0757.883.368

Represented by Barbara Jonnart

Active
Kristel Verleyen

Director · since 13 juin 2023 · until 08 juin 2026

Active
SEDIAM

Director · since 13 juin 2023 · until 08 juin 2026 · 0840.646.243

Represented by Sébastien Dossogne

Active

Ended mandates

KAORIS

Director · since 22 février 2021 · until 12 juin 2023 · 0757.883.368

Represented by Barbara Jonnart

Ended
KAORIS

Director · since 22 février 2021 · until 13 juin 2023 · 0757.883.368

Represented by Barbara Jonnart

Ended
DZH

Managing director · since 08 juin 2020 · until 12 juin 2023 · 0807.169.662

Represented by Rodolphe Collinet

Ended
DZH

Managing director · since 08 juin 2020 · until 31 mars 2023 · 0807.169.662

Represented by Rodolphe Baron Collinet

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • 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
  • Mandates17/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares17/01/2019
    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

Timeline

  1. 2025
    Annual accounts 20251,6 Md €↑
  2. 2024
    Annual accounts 2024-4,1 M €↓
  3. 2023
    Annual accounts 2023-3,0 M €↑
  4. 2022
    Annual accounts 2022-3,4 M €↓
  5. 2021
    Annual accounts 2021-1,6 M €↓
  6. 2021
    Name changeCarmeuse Research & Technology
  7. 2020
    Annual accounts 20203,0 M €↑
  8. 2019
    Annual accounts 20191,8 M €↓
  9. 2018
    Annual accounts 20184,1 M €↑
  10. 2017
    Annual accounts 2017232,2 k €↑
  11. 2016
    Annual accounts 2016194,6 k €↓
  12. 2015
    Annual accounts 2015279,2 k €↓
  13. 2014
    Annual accounts 2014294,0 k €↓
  14. 2013
    Annual accounts 2013517,0 k €↓
  15. 2012
    Annual accounts 20121,1 M €↑
  16. 2011
    Annual accounts 2011-995,8 k €↓
  17. 2010
    Annual accounts 2010737,6 k €↓
  18. 2009
    Annual accounts 2009993,8 k €↑
  19. 2008
    Annual accounts 2008-482,1 k €↓
  20. 2007
    Annual accounts 200760,1 k €↑
  21. 2007
    Name changeCARMEUSE RESEARCH AND TECHNOLOGY
  22. 2006
    Annual accounts 2006-15,2 k €
  23. 2006
    Name changeCGS GRANULATS
  24. 16/05/1960
    IncorporationPublic limited company