ACTIVE

CEBEO

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

29 M €

+34.9% YoY

Revenue

773 M €

+3.8% YoY

Equity

244 M €

+3.8% YoY

Workforce

914,0 ETP

-3.1% YoY

What does CEBEO do?

CEBEO is a Public limited company incorporated in 1963. Its registered office is in Waregem. It employs on average 914,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0405.318.953

Incorporation

17/04/1963

Legal form

Public limited company

Registered office

Eugène Bekaertlaan 63
8790 Waregem · FlandreSee on map

Contributed capital

3 890 729,81 €

Latest accounts

31/12/2025

Average workforce

914,0 ETP

Joint committees (2)

14901
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2010		2007
Income statement
Revenue	773 M €	+3.8%	744,7 M €	-15.1%	877,2 M €	+9.8%	798,9 M €	+17.1%	682 M €	+11.7%	610,3 M €	+1.8%	599,7 M €	+4.4%	574,2 M €	+21.1%	474,1 M €	+4.2%	455,1 M €	+7.4%	423,7 M €	+8.6%	390,1 M €	+3.3%	377,7 M €	-5.2%	398,4 M €	+16.2%	342,9 M €	+19.3%	287,5 M €
EBITDA	46,8 M €	+23.9%	37,8 M €	-45.3%	69,1 M €	-1.3%	70 M €	+36.0%	51,4 M €	+28.2%	40,1 M €	-6.3%	42,8 M €	+15.2%	37,2 M €	+13.2%	32,9 M €	+6.6%	30,8 M €	+13.0%	27,3 M €	+8.0%	25,3 M €	+8.1%	23,4 M €	-21.6%	29,8 M €	+11.4%	26,8 M €	+8.6%	24,6 M €
Operating result	37,2 M €	+38.1%	26,9 M €	-56.2%	61,5 M €	-1.5%	62,5 M €	+41.9%	44 M €	+39.5%	31,6 M €	-13.0%	36,3 M €	+14.5%	31,7 M €	+15.9%	27,3 M €	-3.4%	28,3 M €	+12.9%	25,1 M €	+9.3%	22,9 M €	+10.6%	20,7 M €	-18.3%	25,4 M €	+4.0%	24,4 M €	+9.0%	22,4 M €
Net result	29 M €	+34.9%	21,5 M €	-54.6%	47,4 M €	-2.2%	48,5 M €	+40.3%	34,6 M €	+38.3%	25 M €	-3.6%	25,9 M €	+11.5%	23,2 M €	+23.4%	18,8 M €	-6.1%	20,1 M €	+10.6%	18,1 M €	+6.0%	17,1 M €	+7.6%	15,9 M €	-14.4%	18,6 M €	+4.8%	17,7 M €	+14.3%	15,5 M €
Balance sheet
Equity	244 M €	+3.8%	235 M €	+0.6%	233,5 M €	+25.5%	186,1 M €	+18.0%	157,7 M €	+10.9%	142,1 M €	+21.3%	117,2 M €	+9.2%	107,2 M €	+7.2%	100 M €	+9.7%	91,2 M €	+7.1%	85,1 M €	-2.1%	87 M €	-3.2%	89,8 M €	-4.4%	94 M €	+15.9%	81,1 M €	+35.1%	60 M €
Total assets	368,7 M €	+2.9%	358,5 M €	-7.8%	388,7 M €	+15.1%	337,8 M €	+17.2%	288,3 M €	+6.5%	270,6 M €	+12.7%	240,1 M €	+5.4%	227,9 M €	+10.9%	205,5 M €	+7.6%	191 M €	+11.6%	171,2 M €	+4.3%	164,2 M €	-4.6%	172,2 M €	-4.7%	180,6 M €	+11.8%	161,5 M €	+11.0%	145,5 M €
Cash	65,7 k €	-48.9%	128,7 k €	-92.2%	1,7 M €	+58.5%	1 M €	+14.8%	908,8 k €	+243%	264,7 k €	-22.1%	339,8 k €	-54.4%	745,3 k €	+170%	275,7 k €	+11.4%	247,6 k €	+20.6%	205,3 k €	-29.6%	291,8 k €	+449%	53,1 k €	-91.4%	615,2 k €	+9.7%	560,6 k €	+21.1%	462,8 k €
Debts	124,6 M €	+1.1%	123,3 M €	-19.6%	153,2 M €	+2.6%	149,4 M €	+14.6%	130,4 M €	+2.1%	127,7 M €	+4.2%	122,6 M €	+1.9%	120,3 M €	+14.3%	105,2 M €	+6.0%	99,2 M €	+16.3%	85,3 M €	+11.0%	76,9 M €	-4.4%	80,4 M €	-5.1%	84,7 M €	+7.6%	78,8 M €	-7.6%	85,2 M €
Other
Workforce	914,0 ETP	-3.1%	943,4 ETP	0.0%	943,4 ETP	+1.3%	931,4 ETP	-0.1%	932,1 ETP	+4.0%	896,1 ETP	+2.9%	871,1 ETP	-3.6%	903,6 ETP	+26.9%	712,2 ETP	+4.0%	685,1 ETP	+2.6%	667,8 ETP	+5.7%	631,7 ETP	-1.2%	639,6 ETP	+0.1%	638,7 ETP	+7.5%	594,0 ETP	+18.6%	500,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 M€ and 500 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 40 ended

Active mandates

Taco Van Vroonhoven

Director · since 12 février 2025 · until 28 mai 2030

Active

Stefanie Schneider

Managing director · since 01 janvier 2025 · until 28 mai 2030

Active

Ingeborg Dierens

Director · since 09 septembre 2021 · until 26 mai 2026

Active

Pierre Petit

Director · since 18 septembre 2019 · until 12 février 2025

Active

Ended mandates

Ingeborg Dierens

Director · since 09 septembre 2021 · until 28 mai 2026

Ended

Régis André

Managing director · since 01 janvier 2021 · until 31 décembre 2024

Ended

Régis André

Managing director · since 01 janvier 2021 · until 26 mai 2026

Ended

Régis André

Managing director · since 01 janvier 2021 · until 28 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
SOBE-LOG● Active	0688.666.643
SONEPAR BELGIUM● Active	0456.121.120

Annual accounts

Full financial information

	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	18/06/2026	11/06/2025	13/06/2024	01/06/2023	30/05/2022	13/09/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	23/05/2023	24/05/2022	25/05/2021
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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	18/06/2026	Dutch	PDF
Full model	31/12/2024	27/05/2025	11/06/2025	Dutch	PDF
Full model	31/12/2023	28/05/2024	13/06/2024	Dutch	PDF
Full model	31/12/2022	23/05/2023	01/06/2023	Dutch	PDF
Full model	31/12/2021	24/05/2022	30/05/2022	Dutch	PDF
Full modelCorrection	31/12/2020	25/05/2021	13/09/2021	Dutch	PDF
Full model	31/12/2020	25/05/2021	31/05/2021	Dutch	PDF
Full model	31/12/2019	26/05/2020	24/06/2020	Dutch	PDF
Full model	31/12/2018	28/05/2019	14/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	22/06/2018	Dutch	PDF
Full model	31/12/2016	23/05/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	24/05/2016	17/06/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	26/06/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	30/06/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	22/05/2012	07/06/2012	Dutch	PDF
Full model	31/12/2010	24/05/2011	14/06/2011	Dutch	PDF
Full modelCorrection	31/12/2009	25/05/2010	30/07/2010	Dutch	PDF
Full model	31/12/2009	25/05/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	10/06/2008	Dutch	PDF
Full model	31/12/2006	22/05/2007	26/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 M€ and 500 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 40 ended

Active mandates

Taco Van Vroonhoven

Director · since 12 février 2025 · until 28 mai 2030

Active

Stefanie Schneider

Managing director · since 01 janvier 2025 · until 28 mai 2030

Active

Ingeborg Dierens

Director · since 09 septembre 2021 · until 26 mai 2026

Active

Pierre Petit

Director · since 18 septembre 2019 · until 12 février 2025

Active

Ended mandates

Ingeborg Dierens

Director · since 09 septembre 2021 · until 28 mai 2026

Ended

Régis André

Managing director · since 01 janvier 2021 · until 31 décembre 2024

Ended

Régis André

Managing director · since 01 janvier 2021 · until 26 mai 2026

Ended

Régis André

Managing director · since 01 janvier 2021 · until 28 mai 2026

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/06/2026
DIVERSEN
PDF
Restructuring06/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Other29/04/2026
DIVERSEN
PDF
Mandates07/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring27/07/2021
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 202529 M €↑
12/02/2025
nominationTaco van Vroonhoven — bestuurder
01/01/2025
nominationNele Van Laethem — permanent vertegenwoordiger van bedrijfsrevisor
01/01/2025
nominationStefanie Schneider — bestuurder
2024
Annual accounts 202421,5 M €↓
2023
Annual accounts 202347,4 M €↓
23/05/2023
reconductionMazars Bedrijfsrevisoren — Réviseurs d'Entreprises CVBA — commissaris-revisor
2022
Annual accounts 202248,5 M €↑
2021
Annual accounts 202134,6 M €↑
2020
Annual accounts 202025 M €↓
2019
Annual accounts 201925,9 M €↑
2018
Annual accounts 201823,2 M €↑
2017
Annual accounts 201718,8 M €↓
2016
Annual accounts 201620,1 M €↑
2015
Annual accounts 201518,1 M €↑
2014
Annual accounts 201417,1 M €↑
2013
Annual accounts 201315,9 M €↓
2012
Annual accounts 201218,6 M €↑
2010
Annual accounts 201017,7 M €↑
2007
Annual accounts 200715,5 M €
17/04/1963
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CEBEO

Overview

What does CEBEO do?

Trend over 16 financial years

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