ACTIVE

DE CEUSTER MESTSTOFFEN

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Financial year 2025 · Closed on 31/12/2025

Net result6,7 M €+38,0 %over 1 year

Revenue67,9 M €+5,5 %over 1 year

Equity37 M €+14,5 %over 1 year

Workforce118,5 ETP+1,3 %over 1 year

Identity

Source · BCE/KBO

DE CEUSTER MESTSTOFFEN is a Public limited company incorporated in 1976. Its main activity is: Manufacture of fertilisers and nitrogen compounds. Its registered office is in Grobbendonk. It employs on average 118,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.299.452
Incorporation: 12/08/1976
Legal form: Public limited company
Registered office: Bannerlaan 79
2280 Grobbendonk · FlandreSee on map
Contributed capital: 6 474 000,00 €
Latest accounts: 31/12/2025
Average workforce: 118,5 ETP

Activities (NACE)

20150Manufacture of fertilisers and nitrogen compounds· main 20150Manufacture of fertilisers and nitrogen compounds 24151Manufacture of basic iron and steel and of ferro-alloys 21201Manufacture of pharmaceutical preparations 21201Manufacture of pharmaceutical preparations 21209Manufacture of pharmaceutical preparations+15

Joint committees (6)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 19 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	67,9 M €	+5.5%	64,3 M €	+3.9%	61,9 M €	-2.0%	63,1 M €	-2.2%	64,6 M €
EBITDA	10,6 M €	+2.9%	10,3 M €	+63.7%	6,3 M €	+46.8%	4,3 M €	-44.3%	7,7 M €
Operating result	8 M €	+4.4%	7,7 M €	+120%	3,5 M €	+123%	1,6 M €	-69.7%	5,2 M €
Net result	6,7 M €	+38.0%	4,8 M €	+52.1%	3,2 M €	+14.2%	2,8 M €	-20.1%	3,5 M €
Balance sheet
Equity	37 M €	+14.5%	32,3 M €	+13.5%	28,5 M €	+8.3%	26,3 M €	+7.3%	24,5 M €
Total assets	57,8 M €	+12.3%	51,4 M €	-1.3%	52,1 M €	-8.7%	57,1 M €	+9.2%	52,2 M €
Cash	486,7 k €	-74.5%	1,9 M €	-0.8%	1,9 M €	+79.4%	1,1 M €	-27.8%	1,5 M €
Debts	20,7 M €	+8.8%	19,1 M €	-15.9%	22,7 M €	-24.3%	29,9 M €	+8.5%	27,6 M €
Other
Workforce	118,5 ETP	+1.3%	117,0 ETP	-0.9%	118,1 ETP	+1.4%	116,5 ETP	+1.0%	115,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE ADVIESKAMER0822.402.721Represented by Kris De Temmerman	Director19/01/2010 → 02/06/2028
Els De Ceuster	Director07/12/2006 → 02/06/2028
GROUP DE CEUSTER0450.326.854Represented by Koen FEYAERTS	Chairman of the board of directors01/01/2011 → 02/06/2028Director07/12/2006 → 2009 accountsended
IMMODEC0429.424.245Represented by Tom De Ceuster	Managing director01/01/2011 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES0431.088.289Represented by Jan Vercauteren	Mandate04/12/2008 → 2009 accounts
Geert Brosens	Director07/12/2006 → 2009 accounts
Herman De Ceuster	Managing director07/12/2006 → 2009 accounts
Tom DE CEUSTER	Managing director07/12/2006 → 2009 accounts

Other companies at this address

Bannerlaan 79 2280 Grobbendonk

Company	CBE no.
BESD● Active	0664.593.322
DE CEUSTER TRANSPORT● Active	0840.055.830
NemaTerra● Active	0683.893.649

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	11/06/2026	20/06/2025	20/06/2024	18/07/2023	17/08/2022	27/07/2021
General meeting	04/06/2026	05/06/2025	06/06/2024	01/06/2023	02/06/2022	03/06/2021
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, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/06/2026	11/06/2026	Dutch	PDF
Full model	31/12/2024	05/06/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	06/06/2024	20/06/2024	Dutch	PDF
Full model	31/12/2022	01/06/2023	18/07/2023	Dutch	PDF
Full model	31/12/2021	02/06/2022	17/08/2022	Dutch	PDF
Full model	31/12/2020	03/06/2021	27/07/2021	Dutch	PDF
Full model	31/12/2019	04/06/2020	19/08/2020	Dutch	PDF
Full model	31/12/2018	06/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	25/06/2018	29/06/2018	Dutch	PDF
Full model	31/12/2016	01/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	02/06/2016	24/06/2016	Dutch	PDF
Full model	31/12/2014	04/06/2015	03/07/2015	Dutch	PDF
Full model	31/12/2013	05/06/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	06/06/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	07/06/2012	25/06/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	24/06/2010	19/07/2010	Dutch	PDF
Full model	30/06/2008	04/12/2008	24/12/2008	Dutch	PDF
Full model	30/06/2007	06/12/2007	10/01/2008	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

4 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DE ADVIESKAMER0822.402.721Represented by Kris De Temmerman	Director19/01/2010 → 02/06/2028
Els De Ceuster	Director07/12/2006 → 02/06/2028
GROUP DE CEUSTER0450.326.854Represented by Koen FEYAERTS	Chairman of the board of directors01/01/2011 → 02/06/2028Director07/12/2006 → 2009 accountsended
IMMODEC0429.424.245Represented by Tom De Ceuster	Managing director01/01/2011 → 02/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES0431.088.289Represented by Jan Vercauteren	Mandate04/12/2008 → 2009 accounts
Geert Brosens	Director07/12/2006 → 2009 accounts
Herman De Ceuster	Managing director07/12/2006 → 2009 accounts
Tom DE CEUSTER	Managing director07/12/2006 → 2009 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other01/07/2026
—
PDF
Mandates13/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other21/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office10/02/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates03/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/05/2017
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

IMMODEC

GROUP DE CEUSTER

DE ADVIESKAMER

Els De Ceuster

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Geert Brosens

Tom DE CEUSTER

Herman De Ceuster

19761977197819791980198119821983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

DE CEUSTER MESTSTOFFEN

Bannerlaan 79, 2280 Grobbendonk

Managing director

Chairman of the board of directorsDirector

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Bannerlaan 79, 2280 GrobbendonkCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00153816

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DE CEUSTER MESTSTOFFENCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00153816

Events

2025
Annual accounts 20256,7 M €↑
2024
Annual accounts 20244,8 M €↑
2023
Annual accounts 20233,2 M €↑
01/06/2023
reconductionBDO Bedrijfsrevisoren Burg. Ven. CVBA · commissaris
2022
Annual accounts 20222,8 M €↓
02/06/2022
reconductionImmodec NV · bestuurder
02/06/2022
reconductionGroup De Ceuster NV · bestuurder
02/06/2022
reconductionEls De Ceuster · bestuurder
02/06/2022
reconductionDe advieskamer BVBA · bestuurder
02/06/2022
reconductionImmodec NV · gedelegeerd bestuurder
02/06/2022
reconductionGroup De Ceuster NV · voorzitter van de raad van bestuur
2021
Annual accounts 20213,5 M €↑
2020
Annual accounts 20202,4 M €↑
2019
Annual accounts 20191,5 M €↓
2018
Annual accounts 20181,7 M €↑
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 20161,3 M €↑
2015
Annual accounts 2015242 k €↓
2014
Annual accounts 20141,3 M €↑
2012
Annual accounts 2012160,3 k €↓
2011
Annual accounts 2011355 k €↓
2009
Annual accounts 20091,5 M €↓
2008
Annual accounts 20081,6 M €↑
2007
Annual accounts 2007753,7 k €
12/08/1976
IncorporationPublic limited company

DE CEUSTER MESTSTOFFEN

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

Registered offices

Company names

Events