NORMAL SITUATION

CORDEEL ZETEL TEMSE

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Company — Normal situation.

Financial year 2025 · Closed on 30/06/2025

Net result-1,7 M €-115,0 %over 1 year

Revenue173,6 M €-53,9 %over 1 year

Equity39,4 M €-4,1 %over 1 year

Workforce204,9 ETP+3,0 %over 1 year

Identity

Source · BCE/KBO

CORDEEL ZETEL TEMSE is a company registered in Belgium. It employs on average 204,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0405.013.602
Legal form: Public limited company
Contributed capital: 11 785 000,00 €
Latest accounts: 30/06/2025
Average workforce: 204,9 ETP

Joint committees (3)

Signals

Healthy social debtsHigh revenue

Financials

Source · NBB, 55 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	173,6 M €	-53.9%	376,6 M €	+37.9%	273,2 M €	-12.1%	310,7 M €	+13.2%	274,4 M €
EBITDA	-1,5 M €	-112%	12,8 M €	+19.9%	10,7 M €	+397%	-3,6 M €	-179%	4,5 M €
Operating result	-2,6 M €	-124%	10,4 M €	+25.3%	8,3 M €	+243%	-5,8 M €	-416%	1,8 M €
Net result	-1,7 M €	-115%	11,3 M €	+4.9%	10,8 M €	+218%	-9,1 M €	-1983%	484,5 k €
Balance sheet
Equity	39,4 M €	-4.1%	41,1 M €	+37.8%	29,8 M €	+56.5%	19,1 M €	-32.4%	28,2 M €
Total assets	250,5 M €	+31.6%	190,3 M €	-6.6%	203,7 M €	+10.1%	185,1 M €	+21.4%	152,5 M €
Cash	5,6 M €	-41.2%	9,6 M €	+52.6%	6,3 M €	+162%	2,4 M €	-70.2%	8 M €
Debts	210,1 M €	+42.7%	147,3 M €	-15.2%	173,6 M €	+4.7%	165,9 M €	+33.6%	124,2 M €
Other
Workforce	204,9 ETP	+3.0%	199,0 ETP	+10.1%	180,7 ETP	-43.6%	320,3 ETP	-4.6%	335,6 ETP

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 34 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
QUENZ0810.304.346Represented by Kris Van Haverbeke	Director	01/11/2025 → 31/12/2025	000
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 31/12/2025

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
RE:build0806.424.544Represented by Wim Vriesacker	Director	25/01/2024 → 30/06/2024	000
RE:build0806.424.544Represented by Wim VRIESACKER	Director	25/01/2024 → 30/06/2024	000
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 15/05/2027
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 01/06/2027

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	30/06/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	6 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/09/2026	14/07/2025	18/07/2024	28/07/2023	08/08/2022	09/07/2021
General meeting	31/12/2025	30/06/2025	30/06/2024	30/06/2023	30/06/2022	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, 55 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	31/12/2025	24/09/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	18/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	08/08/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	26/08/2020	14/09/2020	Dutch	PDF
Full model	31/12/2018	21/06/2019	05/07/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	23/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	15/06/2016	01/07/2016	Dutch	PDF
Full model	31/12/2014	15/06/2015	19/06/2015	Dutch	PDF
Full model	31/12/2013	16/06/2014	17/06/2014	Dutch	PDF
Full model	31/12/2012	24/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	20/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	08/07/2011	Dutch	PDF
Full model	31/12/2009	17/06/2010	24/06/2010	Dutch	PDF
Full modelCorrection	31/12/2008	10/07/2009	05/08/2009	Dutch	PDF
Full model	31/12/2008	16/05/2009	10/07/2009	Dutch	PDF
Full model	31/12/2007	18/08/2008	24/09/2008	Dutch	PDF
Full modelCorrection	31/12/2006	14/08/2007	09/11/2007	Dutch	PDF
Full model	31/12/2006	19/05/2007	21/08/2007	Dutch	PDF
Full model	31/12/2005	20/05/2006	22/06/2006	Dutch	PDF
Full model	31/12/2004	21/05/2005	28/06/2005	Dutch	PDF

View all 55 filings

Indicative valuation

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 30/06/2025

2 active · 34 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
QUENZ0810.304.346Represented by Kris Van Haverbeke	Director	01/11/2025 → 31/12/2025	000
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 31/12/2025

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
RE:build0806.424.544Represented by Wim Vriesacker	Director	25/01/2024 → 30/06/2024	000
RE:build0806.424.544Represented by Wim VRIESACKER	Director	25/01/2024 → 30/06/2024	000
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 15/05/2027
DHK PROJECTS0676.531.151Represented by Kevin De Hainaut	Director	15/05/2021 → 01/06/2027

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution16/01/2026
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates15/12/2025
BAV DD. 28.10.2025 - herbenoeming commissaris + RVB DD. 13.11.2025 -
PDF
Restructuring20/11/2025
Voorstel tot een met fusie door overneming gelijkgestelde verrichting
PDF
Mandates19/11/2025
BAV dd. 1.11.2025 - ontslag en benoeming
PDF
Other21/05/2025
RvB dd. 1.04.2025 - bevoegdheidsdelegatie
PDF
Capital / shares19/09/2024
BAV : Vereniging aandelen in één hand - Artikel 2:884 en Artikel 2:14, 4°
PDF
Mandates27/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other20/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF

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

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Timeline

2025
Annual accounts 2025-1,7 M €↓
2024
Annual accounts 202411,3 M €↑
2023
Annual accounts 202310,8 M €↑
2022
Annual accounts 2022-9,1 M €↓
2021
Annual accounts 2021484,5 k €↑
2020
Annual accounts 2020-2,9 M €↑
2019
Annual accounts 2019-3 M €↓
2018
Annual accounts 2018718,6 k €↓
2017
Annual accounts 20171,2 M €↓
2016
Annual accounts 20161,3 M €↓
2015
Annual accounts 20151,9 M €↓
2014
Annual accounts 20142,3 M €↑
2012
Annual accounts 20121,1 M €↓
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 2010-2,1 M €↓
2009
Annual accounts 20091,5 M €↓
2008
Annual accounts 20081,6 M €↑
2007
Annual accounts 20071,2 M €↑
2006
Annual accounts 2006-973,8 k €

CORDEEL ZETEL TEMSE

Overview

Identity

Financials

Board of directors

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