ACTIVE

CEWE Belgium NV

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Financial year 2025 · Closed on 31/12/2025

Net result1,2 M €+41,9 %over 1 year

Revenue17,4 M €+13,7 %over 1 year

Equity6,8 M €+20,8 %over 1 year

Workforce12,9 ETP-14,6 %over 1 year

Identity

Source · BCE/KBO

CEWE Belgium NV is a Public limited company incorporated in 1975. Its registered office is in Mechelen. It employs on average 12,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0415.210.280
Incorporation: 15/09/1975
Legal form: Public limited company
Registered office: Generaal De Wittelaan 9 box 9
2800 Mechelen · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 12,9 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	17,4 M €	+13.7%	15,3 M €	+10.2%	13,9 M €	+5.1%	13,2 M €	+7.2%	12,3 M €
EBITDA	1,7 M €	+47.3%	1,1 M €	+60.0%	700,7 k €	-9.3%	772,4 k €	+23.6%	624,8 k €
Operating result	1,4 M €	+54.6%	934,2 k €	+38.9%	672,7 k €	-10.9%	754,8 k €	+44.0%	524,3 k €
Net result	1,2 M €	+41.9%	824 k €	+43.8%	573,1 k €	+55.7%	368 k €	+35.6%	271,4 k €
Balance sheet
Equity	6,8 M €	+20.8%	5,6 M €	+17.2%	4,8 M €	+13.6%	4,2 M €	+9.6%	3,8 M €
Total assets	10,9 M €	+24.9%	8,7 M €	-0.9%	8,8 M €	+19.3%	7,4 M €	+1.4%	7,3 M €
Cash	300,2 k €	-10.2%	334,2 k €	-40.9%	565,3 k €	-19.6%	703,3 k €	+1976%	33,9 k €
Debts	4,1 M €	+32.2%	3,1 M €	-22.6%	4 M €	+26.9%	3,2 M €	-7.8%	3,4 M €
Other
Workforce	12,9 ETP	-14.6%	15,1 ETP	+10.2%	13,7 ETP	+24.5%	11,0 ETP	+0.9%	10,9 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

3 active · 24 ended

Active mandates

Johannes Onderwater

Director · since 01 juillet 2024 · until 03 juin 2030

Active

Baudewijn Verschueren

Director · since 30 juin 2023 · until 01 juin 2029

Active

Patrick Berkhouwer

Managing director · since 30 juin 2023 · until 01 juin 2029

Active

Ended mandates

Baudouin Verschueren

Director · since 30 juin 2023 · until 01 juin 2029

Ended

Jean-Paul Vern

Director · since 30 juin 2022 · until 31 mars 2025

Ended

Jean-Paul Vern

Director · since 30 juin 2022 · until 01 juin 2028

Ended

Patrick Berkhouwer

Managing director · since 30 juin 2019 · until 01 juin 2025

Ended

Other companies at this address

Generaal De Wittelaan 9 2800 Mechelen

Company	CBE no.
ElmosExpert● Active	0867.104.081
Elmos & Partners● Active	0843.154.484
HAMMER DISTRIBUTION BE● Active	0808.693.552
OTRAC BELGIUM● Active	0825.966.381
STREET ONE RETAIL BELGIUM● Liquidation	0464.747.586
Target Engineering Recruitment● Active	0650.762.211
Target IT Recruitment● Active	0866.486.548
VEDEFAR● Active	0439.518.678

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	13/07/2026	19/08/2025	29/07/2024	27/07/2023	22/07/2022	27/07/2021
General meeting	30/06/2026	31/07/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	31/07/2025	19/08/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	27/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	22/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	01/09/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	30/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	19/08/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	27/08/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	25/06/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	04/09/2012	Dutch	PDF
Full model	31/12/2010	29/08/2011	30/11/2011	Dutch	PDF
Full model	31/12/2009	01/06/2010	29/06/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	26/06/2009	Dutch	PDF
Full model	31/12/2007	23/06/2008	27/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	26/06/2007	27/06/2008	Dutch	PDF
Full model	31/12/2006	26/06/2007	25/07/2007	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

3 active · 24 ended

Active mandates

Johannes Onderwater

Director · since 01 juillet 2024 · until 03 juin 2030

Active

Baudewijn Verschueren

Director · since 30 juin 2023 · until 01 juin 2029

Active

Patrick Berkhouwer

Managing director · since 30 juin 2023 · until 01 juin 2029

Active

Ended mandates

Baudouin Verschueren

Director · since 30 juin 2023 · until 01 juin 2029

Ended

Jean-Paul Vern

Director · since 30 juin 2022 · until 31 mars 2025

Ended

Jean-Paul Vern

Director · since 30 juin 2022 · until 01 juin 2028

Ended

Patrick Berkhouwer

Managing director · since 30 juin 2019 · until 01 juin 2025

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates06/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/01/2017
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

2025
Annual accounts 20251,2 M €↑
2024
Annual accounts 2024824 k €↑
2023
Annual accounts 2023573,1 k €↑
2022
Annual accounts 2022368 k €↑
2021
Annual accounts 2021271,4 k €↑
2020
Annual accounts 202091,3 k €↓
2019
Annual accounts 2019206,8 k €↓
2018
Annual accounts 2018285,1 k €↑
2017
Annual accounts 2017176,9 k €↓
2016
Annual accounts 2016202,3 k €↓
2015
Annual accounts 2015267,8 k €↓
2014
Annual accounts 2014366,5 k €↑
2013
Annual accounts 2013359 k €↑
2012
Annual accounts 2012305,3 k €↓
2011
Annual accounts 2011347,3 k €↑
2010
Annual accounts 2010219,4 k €↑
2009
Annual accounts 2009173 k €↑
2008
Annual accounts 2008158,5 k €↓
2007
Annual accounts 2007166,2 k €↓
2006
Annual accounts 2006240 k €
15/09/1975
IncorporationPublic limited company

CEWE Belgium NV

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