CESI
0409.122.442 · rovalta.com · 22/09/2026
ACTIVE
CESI
Financial year 2025 · closed on 31/12/2025
Net result
573,3 k €
-69.9% YoY
Revenue
44,3 M €
+4.7% YoY
Equity
29,4 M €
+2.0% YoY
Workforce
283,0 ETP
+2.9% YoY
Overview
What does CESI do?
CESI is a Non-profit organization incorporated in 1968. Its main activity is: Pre-primary education. Its registered office is in Woluwe-Saint-Lambert. It employs on average 283,0 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0409.122.442
Incorporation
18/01/1968
Legal form
Non-profit organization
Registered office
Avenue Konrad Adenauer 8
1200 Woluwe-Saint-Lambert · BruxellesSee on map
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
283,0 ETP
Activities (NACE)
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 11 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||
| Revenue | 44,3 M € | +4.7% | 42,3 M € | +2.9% | 41,2 M € | +10.9% | 37,1 M € | +5.5% | 35,2 M € | +14.4% | 30,8 M € | -0.3% | 30,9 M € | +1.7% | 30,3 M € | +6.9% | 28,4 M € | +4.3% | 27,2 M € | +3.7% | 26,2 M € |
| EBITDA | 2,4 M € | -9.9% | 2,6 M € | -5.7% | 2,8 M € | +62.0% | 1,7 M € | -60.6% | 4,3 M € | +168% | 1,6 M € | +79.7% | 902,8 k € | -60.5% | 2,3 M € | +333% | 527,3 k € | -66.6% | 1,6 M € | -24.8% | 2,1 M € |
| Operating result | 607,3 k € | -53.8% | 1,3 M € | +242% | 383,4 k € | +374% | 80,9 k € | -97.5% | 3,2 M € | +7885% | 40,6 k € | +167% | -60,5 k € | -111% | 550,7 k € | +160% | -918,7 k € | -206% | -300 k € | -202% | 293,5 k € |
| Net result | 573,3 k € | -69.9% | 1,9 M € | +345% | 427,7 k € | +242% | 125,1 k € | -96.0% | 3,1 M € | +5452% | 55,9 k € | +37.2% | 40,7 k € | -94.1% | 694,6 k € | +4517% | 15 k € | +107% | -218,3 k € | -155% | 400,4 k € |
| Balance sheet | |||||||||||||||||||||
| Equity | 29,4 M € | +2.0% | 28,8 M € | +7.1% | 26,9 M € | +1.6% | 26,5 M € | +0.5% | 26,3 M € | +13.4% | 23,2 M € | +0.2% | 23,2 M € | +0.2% | 23,1 M € | +3.1% | 22,5 M € | +0.1% | 22,4 M € | -0.9% | 22,6 M € |
| Total assets | 40,4 M € | -1.9% | 41,2 M € | +3.5% | 39,8 M € | +6.6% | 37,3 M € | +3.1% | 36,2 M € | +9.9% | 32,9 M € | +1.2% | 32,5 M € | +1.6% | 32 M € | +1.9% | 31,4 M € | +11.1% | 28,3 M € | -1.8% | 28,8 M € |
| Cash | 1,5 M € | -63.3% | 4,2 M € | +43.0% | 2,9 M € | -76.0% | 12,2 M € | -19.4% | 15,1 M € | +19.0% | 12,7 M € | +28.6% | 9,9 M € | +21.4% | 8,1 M € | +12.7% | 7,2 M € | +225% | 2,2 M € | -57.8% | 5,3 M € |
| Debts | 8,2 M € | -6.2% | 8,8 M € | +0.6% | 8,7 M € | +10.9% | 7,9 M € | +24.3% | 6,3 M € | +7.2% | 5,9 M € | -12.2% | 6,7 M € | -9.4% | 7,4 M € | +4.0% | 7,1 M € | +42.7% | 5 M € | +1.7% | 4,9 M € |
| Other | |||||||||||||||||||||
| Workforce | 283,0 ETP | +2.9% | 275,0 ETP | +1.1% | 272,0 ETP | +2.3% | 266,0 ETP | +3.3% | 257,5 ETP | +0.6% | 256,0 ETP | +4.4% | 245,3 ETP | +7.8% | 227,6 ETP | +7.3% | 212,2 ETP | +2.5% | 207,0 ETP | +8.7% | 190,5 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 25 M€ and 50 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 49 ended
Active mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
| 0400.420.750 | |
Fonds Leon A Bekaert● Liquidation | 0409.366.031 |
ONE● Active | 0439.131.767 |
| 0406.574.015 |
Financials
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 | 09/07/2026 | 01/07/2025 | 16/07/2024 | 13/09/2023 | 08/07/2022 | 28/06/2021 |
| General meeting | 29/06/2026 | 23/06/2025 | 24/06/2024 | 13/06/2023 | 21/06/2022 | 24/06/2021 |
| 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 29/06/2026 | 09/07/2026 | French | |
| Full model | 31/12/2024 | 23/06/2025 | 01/07/2025 | French | |
| Full model | 31/12/2023 | 24/06/2024 | 16/07/2024 | French | |
| Full modelCorrection | 31/12/2022 | 13/06/2023 | 13/09/2023 | French | |
| Full model | 31/12/2022 | 13/06/2023 | 29/06/2023 | French | |
| Full model | 31/12/2021 | 21/06/2022 | 08/07/2022 | French | |
| Full model | 31/12/2020 | 24/06/2021 | 28/06/2021 | French | |
| Full model | 31/12/2019 | 16/06/2020 | 18/06/2020 | French | |
| Full model | 31/12/2018 | 12/06/2019 | 07/08/2019 | French | |
| Full model | 31/12/2017 | 26/06/2018 | 29/06/2018 | French | |
| Full modelCorrection | 31/12/2016 | 27/06/2017 | 17/08/2017 | French | |
| Full model | 31/12/2016 | 27/06/2017 | 10/07/2017 | French | |
| Full model | 31/12/2015 | 28/06/2016 | 07/07/2016 | French | |
| Full model | 31/12/2014 | 23/06/2015 | 06/07/2015 | French | |
| Full model | 31/12/2013 | 24/06/2014 | 10/07/2014 | French | |
| Abridged model | 31/12/2012 | 25/06/2013 | 07/08/2013 | French | |
| m140-f-p | 31/12/2011 | 26/06/2012 | 02/07/2012 | French | |
| m140-f-p | 31/12/2010 | 21/06/2011 | 11/07/2011 | French | |
| m140-f-p | 31/12/2009 | 08/06/2010 | 17/06/2010 | French | |
| m140-f-p | 31/12/2008 | 26/05/2009 | 11/06/2009 | French | |
| m140-f-p | 31/12/2007 | 09/06/2008 | 31/07/2008 | French | |
| m140-f-p | 31/12/2006 | 26/06/2007 | 05/07/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 25 M€ and 50 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 49 ended
Active mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates24/09/2025DEMISSIONS, NOMINATIONS
- Mandates04/09/2024DEMISSIONS, NOMINATIONS
- Mandates30/08/2024DEMISSIONS, NOMINATIONS
- Mandates26/08/2024DEMISSIONS, NOMINATIONS
- Mandates27/02/2023DEMISSIONS, NOMINATIONS
- Mandates05/08/2022DEMISSIONS, NOMINATIONS
- Mandates23/02/2022DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
- Mandates07/12/2021DEMISSIONS, NOMINATIONS
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025573,3 k €↓
- 2024Annual accounts 20241,9 M €↑
- 2023Annual accounts 2023427,7 k €↑
- 2022Annual accounts 2022125,1 k €↓
- 2021Annual accounts 20213,1 M €↑
- 2020Annual accounts 202055,9 k €↑
- 2019Annual accounts 201940,7 k €↓
- 2018Annual accounts 2018694,6 k €↑
- 2017Annual accounts 201715 k €↑
- 2016Annual accounts 2016-218,3 k €↓
- 2014Annual accounts 2014400,4 k €
- 18/01/1968IncorporationNon-profit organization