DE CEUSTER MESTSTOFFEN
0416.299.452 · rovalta.com · 24/09/2026
ACTIVE
DE CEUSTER MESTSTOFFEN
Financial year 2025 · closed on 31/12/2025
Net result
6,7 M €
+38.0% YoY
Revenue
67,9 M €
+5.5% YoY
Equity
37 M €
+14.5% YoY
Workforce
118,5 ETP
+1.3% YoY
Overview
What does DE CEUSTER MESTSTOFFEN do?
DE CEUSTER MESTSTOFFEN is a Public limited company incorporated in 1976. 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
2280 Grobbendonk · FlandreSee on map
Contributed capital
6 474 000,00 €
Latest accounts
31/12/2025
Average workforce
118,5 ETP
Joint committees (6)
- 100
- 116
- 145
- 200
- 207
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 17 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2012 | 2011 | 2009 | 2008 | 2007 | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 € | +4.2% | 62 M € | +19.9% | 51,7 M € | +10.6% | 46,8 M € | +3.1% | 45,3 M € | +7.3% | 42,3 M € | +11.3% | 38 M € | -1.6% | 38,6 M € | +14.7% | 33,6 M € | +2.6% | 32,8 M € | -19.4% | 40,7 M € | +60.9% | 25,3 M € | +11.2% | 22,7 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 € | +27.5% | 6 M € | +42.3% | 4,2 M € | +6.8% | 4 M € | -4.7% | 4,2 M € | +23.1% | 3,4 M € | +8.9% | 3,1 M € | -12.1% | 3,5 M € | +130% | 1,5 M € | -13.2% | 1,8 M € | -65.3% | 5,1 M € | +32.7% | 3,8 M € | +41.0% | 2,7 M € |
| Operating result | 8 M € | +4.4% | 7,7 M € | +120% | 3,5 M € | +123% | 1,6 M € | -69.7% | 5,2 M € | +39.1% | 3,7 M € | +97.7% | 1,9 M € | -17.6% | 2,3 M € | -13.8% | 2,7 M € | +47.6% | 1,8 M € | +7.7% | 1,7 M € | -4.6% | 1,8 M € | +776% | 200,1 k € | -55.6% | 450,2 k € | -87.1% | 3,5 M € | +35.3% | 2,6 M € | +55.7% | 1,7 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 € | +42.4% | 2,4 M € | +63.3% | 1,5 M € | -11.3% | 1,7 M € | +14.6% | 1,5 M € | +11.1% | 1,3 M € | +448% | 242 k € | -81.6% | 1,3 M € | +719% | 160,3 k € | -54.9% | 355 k € | -77.0% | 1,5 M € | -1.7% | 1,6 M € | +108% | 753,7 k € |
| 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 € | +15.2% | 21,3 M € | +13.0% | 18,9 M € | +7.1% | 17,6 M € | +8.9% | 16,2 M € | +10.0% | 14,7 M € | +9.9% | 13,4 M € | +1.8% | 13,1 M € | +189% | 4,5 M € | +2.4% | 4,4 M € | +18.9% | 3,7 M € | +70.3% | 2,2 M € | +30.3% | 1,7 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 € | +10.4% | 47,3 M € | +2.7% | 46,1 M € | -1.8% | 46,9 M € | +26.8% | 37 M € | +4.5% | 35,4 M € | +3.6% | 34,2 M € | -3.6% | 35,5 M € | +16.3% | 30,5 M € | +12.5% | 27,1 M € | +34.3% | 20,2 M € | +10.0% | 18,3 M € | +29.0% | 14,2 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 € | -10.1% | 1,7 M € | -30.3% | 2,4 M € | -36.5% | 3,7 M € | +86.7% | 2 M € | -7.3% | 2,2 M € | +55.0% | 1,4 M € | -47.4% | 2,6 M € | +2900% | 88,2 k € | -57.0% | 205,1 k € | -19.4% | 254,3 k € | +43.7% | 177 k € | -56.5% | 407,4 k € |
| Debts | 20,7 M € | +8.8% | 19,1 M € | -15.9% | 22,7 M € | -24.3% | 29,9 M € | +8.5% | 27,6 M € | +6.5% | 25,9 M € | -3.6% | 26,9 M € | -7.8% | 29,2 M € | +40.4% | 20,8 M € | +0.6% | 20,7 M € | -0.5% | 20,8 M € | -6.2% | 22,1 M € | -14.4% | 25,9 M € | +14.4% | 22,6 M € | +39.3% | 16,2 M € | +1.5% | 16 M € | +28.9% | 12,4 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 | +2.6% | 112,5 ETP | +3.4% | 108,8 ETP | +11.5% | 97,6 ETP | +11.5% | 87,5 ETP | -2.2% | 89,5 ETP | +8.4% | 82,6 ETP | -0.6% | 83,1 ETP | +5.3% | 78,9 ETP | -4.2% | 82,4 ETP | +16.9% | 70,5 ETP | +18.3% | 59,6 ETP | +7.8% | 55,3 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 50 M€ and 100 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 20 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
BESD● Active | 0664.593.322 |
DE CEUSTER TRANSPORT● Active | 0840.055.830 |
NemaTerra● Active | 0683.893.649 |
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 | 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 |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 04/06/2026 | 11/06/2026 | Dutch | |
| Full model | 31/12/2024 | 05/06/2025 | 20/06/2025 | Dutch | |
| Full model | 31/12/2023 | 06/06/2024 | 20/06/2024 | Dutch | |
| Full model | 31/12/2022 | 01/06/2023 | 18/07/2023 | Dutch | |
| Full model | 31/12/2021 | 02/06/2022 | 17/08/2022 | Dutch | |
| Full model | 31/12/2020 | 03/06/2021 | 27/07/2021 | Dutch | |
| Full model | 31/12/2019 | 04/06/2020 | 19/08/2020 | Dutch | |
| Full model | 31/12/2018 | 06/06/2019 | 30/07/2019 | Dutch | |
| Full model | 31/12/2017 | 25/06/2018 | 29/06/2018 | Dutch | |
| Full model | 31/12/2016 | 01/06/2017 | 10/07/2017 | Dutch | |
| Full model | 31/12/2015 | 02/06/2016 | 24/06/2016 | Dutch | |
| Full model | 31/12/2014 | 04/06/2015 | 03/07/2015 | Dutch | |
| Full model | 31/12/2013 | 05/06/2014 | 12/06/2014 | Dutch | |
| Full model | 31/12/2012 | 06/06/2013 | 18/06/2013 | Dutch | |
| Full model | 31/12/2011 | 07/06/2012 | 25/06/2012 | Dutch | |
| Full model | 31/12/2010 | 30/06/2011 | 12/07/2011 | Dutch | |
| Full model | 31/12/2009 | 24/06/2010 | 19/07/2010 | Dutch | |
| Full model | 30/06/2008 | 04/12/2008 | 24/12/2008 | Dutch | |
| Full model | 30/06/2007 | 06/12/2007 | 10/01/2008 | Dutch |
Valuation
Estimate
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.
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 · 20 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other01/07/2026—
- Mandates13/03/2024ONTSLAGEN - BENOEMINGEN
- Other21/02/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates08/08/2022ONTSLAGEN - BENOEMINGEN
- Registered office10/02/2021MAATSCHAPPELIJKE ZETEL
- Mandates03/11/2020ONTSLAGEN - BENOEMINGEN
- Mandates30/11/2017ONTSLAGEN - BENOEMINGEN
- Mandates11/05/2017ONTSLAGEN - BENOEMINGEN
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 20256,7 M €↑
- 2024Annual accounts 20244,8 M €↑
- 2023Annual accounts 20233,2 M €↑
- 01/06/2023reconductionBDO Bedrijfsrevisoren Burg. Ven. CVBA — commissaris
- 2022Annual accounts 20222,8 M €↓
- 02/06/2022reconductionImmodec NV — bestuurder
- 02/06/2022reconductionGroup De Ceuster NV — bestuurder
- 02/06/2022reconductionEls De Ceuster — bestuurder
- 02/06/2022reconductionDe advieskamer BVBA — bestuurder
- 02/06/2022reconductionImmodec NV — gedelegeerd bestuurder
- 02/06/2022reconductionGroup De Ceuster NV — voorzitter van de raad van bestuur
- 2021Annual accounts 20213,5 M €↑
- 2020Annual accounts 20202,4 M €↑
- 2019Annual accounts 20191,5 M €↓
- 2018Annual accounts 20181,7 M €↑
- 2017Annual accounts 20171,5 M €↑
- 2016Annual accounts 20161,3 M €↑
- 2015Annual accounts 2015242 k €↓
- 2014Annual accounts 20141,3 M €↑
- 2012Annual accounts 2012160,3 k €↓
- 2011Annual accounts 2011355 k €↓
- 2009Annual accounts 20091,5 M €↓
- 2008Annual accounts 20081,6 M €↑
- 2007Annual accounts 2007753,7 k €
- 12/08/1976IncorporationPublic limited company