ACTIVE

CIGLO

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Financial year 2026 · closed on 28/02/2026

Net result

-84,6 k €

+70.7% YoY

Revenue

1,2 M €

+7.3% YoY

Equity

15,8 M €

-0.5% YoY

What does CIGLO do?

CIGLO is a Private limited company incorporated in 1977. Its main activity is: Development of building projects. Its registered office is in Anderlecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.423.662

Incorporation

14/07/1977

Legal form

Private limited company

Registered office

Rue Brogniez 54 box 4
1070 Anderlecht · BruxellesSee on map

Contributed capital

836 097,26 €

Latest accounts

28/02/2026

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 41001Construction of buildings 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	1,2 M €	+7.3%	1,1 M €	-31.5%	1,6 M €	+38.2%	1,2 M €	-0.0%	1,2 M €	+2.6%	1,1 M €	-3.9%	1,2 M €	-43.3%	2,1 M €	+33.7%	1,6 M €	+7.3%	1,5 M €	-22.8%	1,9 M €	+41.9%	1,3 M €	+11.4%	1,2 M €	-30.8%	1,7 M €	+28.0%	1,3 M €	-32.9%	2 M €	+59.7%	1,3 M €	+9.3%	1,2 M €	-69.7%	3,8 M €	+233%	1,1 M €
EBITDA	146,8 k €	+202%	-143,5 k €	-123%	618,4 k €	+155%	242,2 k €	-1.9%	246,9 k €	-31.1%	358,2 k €	-25.1%	478,3 k €	+28.9%	371 k €	-33.6%	558,7 k €	+23.1%	453,8 k €	-59.2%	1,1 M €	+95.2%	569,8 k €	+106%	277,1 k €	-71.5%	972,6 k €	+37.0%	709,8 k €	-44.7%	1,3 M €	+115%	597 k €	+20.3%	496 k €	-83.8%	3,1 M €	+305%	756,3 k €
Operating result	18,8 k €	+110%	-178,8 k €	-261%	111 k €	-1.7%	112,9 k €	-26.4%	153,4 k €	-5.7%	162,7 k €	-43.2%	286,5 k €	+47.3%	194,5 k €	-50.0%	389,2 k €	+62.7%	239,2 k €	-74.9%	951,2 k €	+134%	407,2 k €	+229%	123,9 k €	-79.7%	609,8 k €	+55.3%	392,8 k €	-60.8%	1 M €	+94.2%	515,7 k €	+247%	148,7 k €	-90.5%	1,6 M €	+175%	567,9 k €
Net result	-84,6 k €	+70.7%	-288,3 k €	-1265%	24,8 k €	-68.3%	78 k €	-33.0%	116,5 k €	+16.2%	100,3 k €	-54.6%	220,7 k €	+122%	99,6 k €	-46.6%	186,4 k €	+2.8%	181,4 k €	-70.6%	617,8 k €	+143%	254,3 k €	+2031%	-13,2 k €	-103%	400,9 k €	+88.3%	212,9 k €	-65.9%	623,7 k €	+328%	-273 k €	-195%	-92,7 k €	-112%	803,3 k €	+146%	326,7 k €
Balance sheet
Equity	15,8 M €	-0.5%	15,9 M €	-1.8%	16,1 M €	-0.2%	16,2 M €	-0.2%	16,2 M €	-1.6%	16,5 M €	-0.2%	16,5 M €	-0.2%	16,5 M €	-0.2%	16,6 M €	-0.7%	16,7 M €	-0.1%	16,7 M €	+2.3%	16,3 M €	+0.0%	16,3 M €	-11.9%	18,5 M €	-2.1%	18,9 M €	+1.1%	18,7 M €	+3.4%	18,1 M €	-1.5%	18,4 M €	-0.5%	18,5 M €	+3.0%	17,9 M €
Total assets	19,2 M €	-1.0%	19,4 M €	+0.2%	19,4 M €	+2.0%	19 M €	+7.1%	17,8 M €	-0.6%	17,9 M €	-4.4%	18,7 M €	+2.1%	18,3 M €	-8.3%	20 M €	-10.8%	22,4 M €	+5.8%	21,2 M €	+2.5%	20,6 M €	-7.0%	22,2 M €	-8.3%	24,2 M €	+0.7%	24 M €	-0.4%	24,1 M €	-1.8%	24,6 M €	-0.5%	24,7 M €	+9.9%	22,4 M €	+6.8%	21 M €
Cash	14,4 k €	+6.5%	13,5 k €	-57.5%	31,7 k €	+392%	6,4 k €	-81.1%	34,1 k €	-78.0%	154,8 k €	-24.5%	205,1 k €	+878%	21 k €	-58.4%	50,4 k €	+47.0%	34,3 k €	-59.2%	84,1 k €	+10373%	803 €	-89.1%	7,4 k €	-99.7%	2,4 M €	+7628%	31,5 k €	+2038%	1,5 k €	-71.2%	5,1 k €	+138%	2,1 k €	-94.7%	40,4 k €		–
Debts	3,4 M €	+2.2%	3,4 M €	+21.0%	2,8 M €	+8.6%	2,6 M €	+122%	1,2 M €	+47.4%	781,3 k €	-49.4%	1,5 M €	+43.5%	1,1 M €	-59.3%	2,6 M €	-47.5%	5 M €	+27.5%	3,9 M €	+1.2%	3,9 M €	-28.9%	5,5 M €	+4.7%	5,2 M €	+10.7%	4,7 M €	-5.9%	5 M €	-20.5%	6,3 M €	+2.7%	6,2 M €	+60.9%	3,8 M €	+41.9%	2,7 M €
Other
Workforce	–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-50.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 28/02/2026 · 1 active · 6 ended

Active mandates

CIGLO HOLDING

Manager · 0848.804.339

Represented by Bernard Gliksberg

Active

Ended mandates

Nicolas Gliksberg

Director · since 21 septembre 2010

Ended

Béatrice Gliksberg

Director

Ended

Bernard Gliksberg

Managing director

Ended

Serge Gliksberg

Director

Ended

At this address

Other companies at this address

Company	CBE no.
CIGLO HOLDING● Active	0848.804.339
CIGLO UNITED● Active	0506.950.011
GLICO● Active	0699.766.116
MEDIA ACTIE KUREGEM STAD● Active	0874.873.682
RIBA EUROPA● Active	0441.558.450
Tricots de Bruxelles● Active	0400.545.761

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/03/2025	01/03/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	28/02/2026	28/02/2025	29/02/2024	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/09/2026	03/09/2025	11/09/2024	06/09/2023	14/09/2022	15/09/2021
General meeting	09/09/2026	03/09/2025	04/09/2024	30/08/2023	31/08/2022	31/08/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	28/02/2026	09/09/2026	09/09/2026	French	PDF
Abridged model	28/02/2025	03/09/2025	03/09/2025	French	PDF
Abridged model	29/02/2024	04/09/2024	11/09/2024	French	PDF
Abridged model	28/02/2023	30/08/2023	06/09/2023	French	PDF
Abridged model	28/02/2022	31/08/2022	14/09/2022	French	PDF
Abridged model	28/02/2021	31/08/2021	15/09/2021	French	PDF
Abridged model	29/02/2020	02/09/2020	16/09/2020	French	PDF
Abridged model	28/02/2019	04/09/2019	11/09/2019	French	PDF
Abridged model	28/02/2018	05/09/2018	12/09/2018	French	PDF
Abridged model	28/02/2017	30/08/2017	04/10/2017	French	PDF
Abridged model	29/02/2016	31/08/2016	21/09/2016	French	PDF
Abridged model	28/02/2015	02/09/2015	17/09/2015	French	PDF
Abridged model	28/02/2014	10/09/2014	10/09/2014	French	PDF
Abridged model	28/02/2013	02/09/2013	27/09/2013	French	PDF
Abridged model	29/02/2012	31/08/2012	19/09/2012	French	PDF
Abridged model	28/02/2011	31/08/2011	28/09/2011	French	PDF
Abridged model	28/02/2010	21/09/2010	01/10/2010	French	PDF
Abridged model	28/02/2009	30/09/2009	29/10/2009	French	PDF
Abridged model	29/02/2008	29/08/2008	11/09/2008	French	PDF
Abridged model	28/02/2007	31/08/2007	01/10/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 28/02/2026 · 1 active · 6 ended

Active mandates

CIGLO HOLDING

Manager · 0848.804.339

Represented by Bernard Gliksberg

Active

Ended mandates

Nicolas Gliksberg

Director · since 21 septembre 2010

Ended

Béatrice Gliksberg

Director

Ended

Bernard Gliksberg

Managing director

Ended

Serge Gliksberg

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/09/2025
SIEGE SOCIAL
PDF
Mandates17/02/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates22/06/2018
DEMISSIONS, NOMINATIONS
PDF
Registered office11/05/2018
SIEGE SOCIAL
PDF
Mandates01/03/2013
CAPITAL, ACTIONS - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other22/12/2011
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates06/10/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2010
DEMISSIONS, NOMINATIONS
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

2026
Annual accounts 2026-84,6 k €↑
2025
Annual accounts 2025-288,3 k €↓
2024
Annual accounts 202424,8 k €↓
2023
Annual accounts 202378 k €↓
2022
Annual accounts 2022116,5 k €↑
2021
Annual accounts 2021100,3 k €↓
2020
Annual accounts 2020220,7 k €↑
2019
Annual accounts 201999,6 k €↓
2018
Annual accounts 2018186,4 k €↑
2017
Annual accounts 2017181,4 k €↓
2016
Annual accounts 2016617,8 k €↑
2015
Annual accounts 2015254,3 k €↑
2014
Annual accounts 2014-13,2 k €↓
2013
Annual accounts 2013400,9 k €↑
2012
Annual accounts 2012212,9 k €↓
2011
Annual accounts 2011623,7 k €↑
2010
Annual accounts 2010-273 k €↓
2009
Annual accounts 2009-92,7 k €↓
2008
Annual accounts 2008803,3 k €↑
2007
Annual accounts 2007326,7 k €
14/07/1977
IncorporationPrivate 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

CIGLO

Overview

What does CIGLO do?

Trend over 20 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