ACTIVE

CEUSTERS

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Financial year 2025 · Closed on 31/12/2025

Net result1 M €+0,2 %over 1 year

Revenue29,7 M €+2,4 %over 1 year

Equity4,1 M €+10,0 %over 1 year

Workforce76,3 ETP+2,1 %over 1 year

Identity

Source · BCE/KBO

CEUSTERS is a Public limited company incorporated in 1943. Its main activity is: Real estate agencies. Its registered office is in Antwerpen. It employs on average 76,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0404.697.064
Incorporation: 12/02/1943
Legal form: Public limited company
Registered office: Uitbreidingstraat 72 box b2
2600 Antwerpen · FlandreSee on map
Contributed capital: 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 76,3 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 68321Management of real estate on a fee or contract basis 68322Management of real estate on a fee or contract basis 70311Activities of head offices; management consultancy activities 46180Agents specialised in the sale of other particular products+6

Joint committees (2)

323
3230

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	29,7 M €	+2.4%	29 M €	+1.7%	28,5 M €	+9.4%	26,1 M €	+35.6%	19,2 M €
EBITDA	1,8 M €	+5.0%	1,7 M €	+41.0%	1,2 M €	-18.4%	1,5 M €	+95.4%	764,2 k €
Operating result	1,6 M €	-0.4%	1,6 M €	+37.2%	1,2 M €	-18.4%	1,5 M €	+91.0%	760 k €
Net result	1 M €	+0.2%	1 M €	+41.9%	711,9 k €	-26.0%	962 k €	+110%	458,1 k €
Balance sheet
Equity	4,1 M €	+10.0%	3,7 M €	+10.4%	3,4 M €	+9.8%	3,1 M €	+11.4%	2,7 M €
Total assets	17 M €	-6.6%	18,1 M €	+17.8%	15,4 M €	+15.7%	13,3 M €	+24.9%	10,7 M €
Cash	7,3 M €	-22.0%	9,4 M €	+51.8%	6,2 M €	-5.2%	6,5 M €	+70.8%	3,8 M €
Debts	9,6 M €	-14.5%	11,2 M €	+30.9%	8,6 M €	+22.4%	7 M €	+13.4%	6,2 M €
Other
Workforce	76,3 ETP	+2.1%	74,7 ETP	+3.5%	72,2 ETP	+3.0%	70,1 ETP	+8.3%	64,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GERON Management & Consulting0782.543.441Represented by Stephan Géron	Director10/06/2025 → 20/04/2026
Katja Borgerhoff	Director28/06/2021 → 20/04/2026
ZOOOM0872.957.537Represented by Mathieu Van Marcke	Director29/06/2020 → 20/04/2026
Ithaki Advies0672.772.994Represented by Jan De Kesel	Director15/04/2019 → 20/04/2026
SOMABRI0467.268.794Represented by Marc BRISACK	Director16/05/2018 → 20/04/2026
Inhu0423.655.517Represented by Ingrid Ceusters-Luyten	Managing director16/04/2012 → 20/04/2026Director14/06/2013 → 2020 accountsendedMandate14/06/2013 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Axel Ceusters	Director15/04/2019 → 10/02/2020
ZOU20502.250.459Represented by Sophie Lambrighs	Director22/10/2018 → 2019 accounts
Management Opleidingen Services 2.0 GCV0657.748.189Represented by Jeroen Hafkamp	Director01/08/2016 → 2018 accounts

Other companies at this address

Uitbreidingstraat 72 2600 Antwerpen

Company	CBE no.
Accresco Holding● Active	0562.751.537
Continental Realty België● Active	0555.837.219
DOCKS MANAGEMENT● Active	0752.750.781
Grant Thornton Accountancy, Tax & Legal● Active	0439.926.375
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES● Active	0439.814.826
GRANT THORNTON BELGIUM● Active	0474.684.049
GRANT THORNTON EFFICIËNTIA● Active	0407.420.487
Grant Thornton Forensic & Integrity Services● Active	0459.309.351
HCS Real Estate Management● Active	0553.743.702
Jeff Hermans● Active	0701.642.075
Modena Partners● Active	1037.251.088
Turbo Ardennes Buyer● Active	1028.279.281

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	04/05/2026	06/05/2025	19/04/2024	03/05/2023	25/04/2022	28/07/2021
General meeting	20/04/2026	22/04/2025	15/04/2024	17/04/2023	19/04/2022	28/06/2021
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	20/04/2026	04/05/2026	Dutch	PDF
Full model	31/12/2024	22/04/2025	06/05/2025	Dutch	PDF
Full model	31/12/2023	15/04/2024	19/04/2024	Dutch	PDF
Full model	31/12/2022	17/04/2023	03/05/2023	Dutch	PDF
Full model	31/12/2021	19/04/2022	25/04/2022	Dutch	PDF
Full model	31/12/2020	28/06/2021	28/07/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	13/07/2020	Dutch	PDF
Full model	31/12/2018	15/04/2019	07/05/2019	Dutch	PDF
Full model	31/12/2017	16/05/2018	31/05/2018	Dutch	PDF
Full model	31/12/2016	18/04/2017	17/05/2017	Dutch	PDF
Full model	31/12/2015	18/04/2016	21/04/2016	Dutch	PDF
Full model	31/12/2014	13/04/2015	22/04/2015	Dutch	PDF
Full model	31/12/2013	14/04/2014	23/04/2014	Dutch	PDF
Abridged model	31/12/2012	15/04/2013	07/05/2013	Dutch	PDF
Abridged model	31/12/2011	16/04/2012	08/05/2012	Dutch	PDF
Abridged model	31/12/2010	18/04/2011	21/04/2011	Dutch	PDF
Abridged model	31/12/2009	19/04/2010	11/05/2010	Dutch	PDF
Abridged model	31/12/2008	20/04/2009	16/09/2009	Dutch	PDF
Abridged model	31/12/2007	21/04/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	16/04/2007	21/05/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

6 active · 17 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GERON Management & Consulting0782.543.441Represented by Stephan Géron	Director10/06/2025 → 20/04/2026
Katja Borgerhoff	Director28/06/2021 → 20/04/2026
ZOOOM0872.957.537Represented by Mathieu Van Marcke	Director29/06/2020 → 20/04/2026
Ithaki Advies0672.772.994Represented by Jan De Kesel	Director15/04/2019 → 20/04/2026
SOMABRI0467.268.794Represented by Marc BRISACK	Director16/05/2018 → 20/04/2026
Inhu0423.655.517Represented by Ingrid Ceusters-Luyten	Managing director16/04/2012 → 20/04/2026Director14/06/2013 → 2020 accountsendedMandate14/06/2013 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Axel Ceusters	Director15/04/2019 → 10/02/2020
ZOU20502.250.459Represented by Sophie Lambrighs	Director22/10/2018 → 2019 accounts
Management Opleidingen Services 2.0 GCV0657.748.189Represented by Jeroen Hafkamp	Director01/08/2016 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/06/2022
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates11/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring02/05/2022
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
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

Incorporation1943

Name

Registered office

Annual accounts

Filings18 filings

Mandates

GERON Management & Consulting

Katja Borgerhoff

ZOOOM

Ithaki Advies

SOMABRI

Inhu

Axel Ceusters

ZOU2

Management Opleidingen Services 2.0 GCV

PETER dE GROOT

PSI

ARGUS - JURIDISCH ADVIES - ARGUS - CONSEIL JURIDIQUE

Show the 11 other mandates

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CEUSTERS

Uitbreidingstraat 72 bte b2, 2600 Berchem (Antwerp)

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Uitbreidingstraat 72 bte b2, 2600 Berchem (Antwerp)Current	accounts 2021 → 2025	Accounts 2025 · 2026-00102167

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CEUSTERSCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00102167

Events

2025
Annual accounts 20251 M €↑
2024
Annual accounts 20241 M €↑
2023
Annual accounts 2023711,9 k €↓
2022
Annual accounts 2022962 k €↑
2021
Annual accounts 2021458,1 k €↑
2019
Annual accounts 2019161,1 k €↓
2018
Annual accounts 2018486,8 k €↑
2017
Annual accounts 2017462,3 k €↓
2016
Annual accounts 2016505,5 k €↓
2015
Annual accounts 2015661,2 k €↑
2014
Annual accounts 2014473 k €↑
2012
Annual accounts 2012116,7 k €↑
2011
Annual accounts 201193,4 k €↓
2010
Annual accounts 2010172,2 k €↓
2009
Annual accounts 2009185,9 k €↓
2008
Annual accounts 2008313,7 k €↑
2007
Annual accounts 2007249,3 k €↓
2006
Annual accounts 2006249,4 k €
12/02/1943
IncorporationPublic limited company

CEUSTERS

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