NORMAL SITUATION

CORDEEL ZETEL TEMSE

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Company — Normal situation.

Financial year 2024 · Closed on 31/12/2024

Net result11,3 M €+4,9 %over 1 year
Revenue376,6 M €+37,9 %over 1 year
Equity41,1 M €+37,8 %over 1 year
Workforce199,0 ETP+10,1 %over 1 year

Identity

Source · BCE/KBO

CORDEEL ZETEL TEMSE is a company registered in Belgium. It employs on average 199,0 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
31/12/2024
Average workforce
199,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 54 filings

Trend over 18 financial years

20242023202220212020
Income statement
Revenue376,6 M €273,2 M €310,7 M €274,4 M €207,3 M €
EBITDA12,8 M €10,7 M €-3,6 M €4,5 M €1,9 M €
Operating result10,4 M €8,3 M €-5,8 M €1,8 M €-2 M €
Net result11,3 M €10,8 M €-9,1 M €484,5 k €-2,9 M €
Balance sheet
Equity41,1 M €29,8 M €19,1 M €28,2 M €27,7 M €
Total assets190,3 M €203,7 M €185,1 M €152,5 M €130,1 M €
Cash9,6 M €6,3 M €2,4 M €8 M €13,6 M €
Debts147,3 M €173,6 M €165,9 M €124,2 M €102,3 M €
Other
Workforce199,0 ETP180,7 ETP320,3 ETP335,6 ETP358,9 ETP

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 31 ended

Active mandates

RE:build

Director · since 25 janvier 2024 · until 30 juin 2024 · 0806.424.544

Represented by Wim VRIESACKER

Active
DHK PROJECTS

Director · since 15 mai 2021 · until 15 mai 2027 · 0676.531.151

Represented by Kevin De Hainaut

Active
Erik De Bruyn

Director · since 19 mai 2019 · until 25 janvier 2024

Active

Ended mandates

RE:build

Director · since 25 janvier 2024 · until 30 juin 2024 · 0806.424.544

Represented by Wim Vriesacker

Ended
DHK PROJECTS

Director · since 15 mai 2021 · until 01 juin 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended
DHK PROJECTS

Managing director · since 15 mai 2021 · until 15 mai 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended
DHK PROJECTS

Managing director · since 15 mai 2021 · until 01 juin 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/07/202518/07/202428/07/202308/08/202209/07/202114/09/2020
General meeting30/06/202530/06/202430/06/202330/06/202225/06/202126/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 54 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202430/06/202514/07/2025DutchPDF
Full model31/12/202330/06/202418/07/2024DutchPDF
Full model31/12/202230/06/202328/07/2023DutchPDF
Full model31/12/202130/06/202208/08/2022DutchPDF
Full model31/12/202025/06/202109/07/2021DutchPDF
Full model31/12/201926/08/202014/09/2020DutchPDF
Full model31/12/201821/06/201905/07/2019DutchPDF
Full model31/12/201722/06/201829/06/2018DutchPDF
Full model31/12/201623/06/201705/07/2017DutchPDF
Full model31/12/201515/06/201601/07/2016DutchPDF
Full model31/12/201415/06/201519/06/2015DutchPDF
Full model31/12/201316/06/201417/06/2014DutchPDF
Full model31/12/201224/06/201325/06/2013DutchPDF
Full model31/12/201120/06/201229/06/2012DutchPDF
Full model31/12/201030/06/201108/07/2011DutchPDF
Full model31/12/200917/06/201024/06/2010DutchPDF
Full modelCorrection31/12/200810/07/200905/08/2009DutchPDF
Full model31/12/200816/05/200910/07/2009DutchPDF
Full model31/12/200718/08/200824/09/2008DutchPDF
Full modelCorrection31/12/200614/08/200709/11/2007DutchPDF
Full model31/12/200619/05/200721/08/2007DutchPDF
Full model31/12/200520/05/200622/06/2006DutchPDF
Full model31/12/200421/05/200528/06/2005DutchPDF
Full model31/12/200315/05/200430/06/2004DutchPDF

View all 54 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 31/12/2024

3 active · 31 ended

Active mandates

RE:build

Director · since 25 janvier 2024 · until 30 juin 2024 · 0806.424.544

Represented by Wim VRIESACKER

Active
DHK PROJECTS

Director · since 15 mai 2021 · until 15 mai 2027 · 0676.531.151

Represented by Kevin De Hainaut

Active
Erik De Bruyn

Director · since 19 mai 2019 · until 25 janvier 2024

Active

Ended mandates

RE:build

Director · since 25 janvier 2024 · until 30 juin 2024 · 0806.424.544

Represented by Wim Vriesacker

Ended
DHK PROJECTS

Director · since 15 mai 2021 · until 01 juin 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended
DHK PROJECTS

Managing director · since 15 mai 2021 · until 15 mai 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended
DHK PROJECTS

Managing director · since 15 mai 2021 · until 01 juin 2027 · 0676.531.151

Represented by Kevin De Hainaut

Ended

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
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring20/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates19/11/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares19/09/2024
    KAPITAAL - AANDELEN
    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

  1. 2024
    Annual accounts 202411,3 M €↑
  2. 2023
    Annual accounts 202310,8 M €↑
  3. 2022
    Annual accounts 2022-9,1 M €↓
  4. 2021
    Annual accounts 2021484,5 k €↑
  5. 2020
    Annual accounts 2020-2,9 M €↑
  6. 2019
    Annual accounts 2019-3 M €↓
  7. 2018
    Annual accounts 2018718,6 k €↓
  8. 2017
    Annual accounts 20171,2 M €↓
  9. 2016
    Annual accounts 20161,3 M €↓
  10. 2015
    Annual accounts 20151,9 M €↓
  11. 2014
    Annual accounts 20142,3 M €↑
  12. 2012
    Annual accounts 20121,1 M €↓
  13. 2011
    Annual accounts 20111,4 M €↑
  14. 2010
    Annual accounts 2010-2,1 M €↓
  15. 2009
    Annual accounts 20091,5 M €↓
  16. 2008
    Annual accounts 20081,6 M €↑
  17. 2007
    Annual accounts 20071,2 M €↑
  18. 2006
    Annual accounts 2006-973,8 k €