ACTIVE

C.E.G.E.S.

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Financial year 2025 · closed on 31/12/2025

Net result

2,4 M €

+252.9% YoY

Revenue

42,2 M €

+78.2% YoY

Equity

4,9 M €

+12.2% YoY

Workforce

43,5 ETP

-4.0% YoY

What does C.E.G.E.S. do?

C.E.G.E.S. is a Public limited company incorporated in 1979. Its main activity is: Non-specialised wholesale of food, beverages and tobacco. Its registered office is in Bruxelles. It employs on average 43,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0419.921.017

Incorporation

10/12/1979

Legal form

Public limited company

Registered office

Rue de Strasbourg 5
1130 Bruxelles · BruxellesSee on map

Contributed capital

316 250,00 €

Latest accounts

31/12/2025

Average workforce

43,5 ETP

Activities (NACE)

46391Non-specialised wholesale of food, beverages and tobacco· main 46391Non-specialised wholesale of food, beverages and tobacco 46392Non-specialised wholesale of food, beverages and tobacco 46392Non-specialised wholesale of food, beverages and tobacco 51392Air transport 49410Freight transport by road+3

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	42,2 M €	+78.2%	23,7 M €	+22.2%	19,4 M €	+4.5%	18,5 M €	+36.7%	13,6 M €	+12.3%	12,1 M €	-6.7%	12,9 M €	+2.7%	12,6 M €	+2.7%	12,3 M €	-3.5%	12,7 M €	-4.7%	13,3 M €	+6.7%	12,5 M €	+4.9%	11,9 M €	+0.1%	11,9 M €	+2.0%	11,7 M €	-0.0%	11,7 M €	-14.1%	13,6 M €	-8.0%	14,8 M €	+17.6%	12,5 M €	+2.3%	12,3 M €
EBITDA	3,6 M €	+136%	1,5 M €	-12.1%	1,7 M €	+29.6%	1,3 M €	+90.9%	701 k €	+133%	300,5 k €	-44.6%	542 k €	-33.4%	813,4 k €	+42.1%	572,4 k €	+13.7%	503,4 k €	-45.9%	929,8 k €	+70.3%	546,1 k €	+25.9%	433,7 k €	-27.7%	599,4 k €	+13.2%	529,7 k €	-2.5%	543,5 k €	-9.4%	600,1 k €	+18.8%	505,1 k €	+13.1%	446,6 k €	-15.6%	528,9 k €
Operating result	3,2 M €	+226%	993,8 k €	-30.4%	1,4 M €	+58.1%	902,9 k €	+217%	284,9 k €	+236%	84,7 k €	-66.6%	253,6 k €	-50.7%	514,5 k €	+55.7%	330,4 k €	+82.5%	181 k €	-68.1%	568,2 k €	+219%	178 k €	+89.6%	93,9 k €	-2.8%	96,6 k €	+48.1%	65,2 k €	-37.3%	104,1 k €	-44.6%	187,8 k €	+101%	93,3 k €	-40.3%	156,3 k €	-42.3%	271 k €
Net result	2,4 M €	+253%	666,3 k €	-33.3%	999,6 k €	+50.6%	663,9 k €	+252%	188,8 k €	+480%	32,5 k €	-81.4%	174,5 k €	-55.7%	393,8 k €	+86.8%	210,8 k €	+72.9%	121,9 k €	-78.1%	556,1 k €	+231%	168,1 k €	+95.0%	86,2 k €	+17.7%	73,3 k €	-2.0%	74,7 k €	+36.4%	54,8 k €	-53.3%	117,4 k €	+335%	27 k €	-75.8%	111,4 k €	-45.2%	203,4 k €
Balance sheet
Equity	4,9 M €	+12.2%	4,4 M €	+16.7%	3,8 M €	+14.9%	3,3 M €	-4.9%	3,4 M €	+23.3%	2,8 M €	+13.6%	2,5 M €	+7.7%	2,3 M €	+20.9%	1,9 M €	+12.6%	1,7 M €	+7.9%	1,6 M €	+51.0%	1 M €	+1.8%	1 M €	-18.0%	1,2 M €	+2.9%	1,2 M €	+3.1%	1,2 M €	+1.4%	1,1 M €	+3.1%	1,1 M €	+2.5%	1,1 M €	+11.5%	969,9 k €
Total assets	14,1 M €	+23.3%	11,5 M €	+0.7%	11,4 M €	-9.0%	12,5 M €	+7.1%	11,7 M €	+15.1%	10,2 M €	+43.9%	7,1 M €	+24.7%	5,7 M €	+3.6%	5,5 M €	+2.8%	5,3 M €	+4.1%	5,1 M €	+13.1%	4,5 M €	+10.3%	4,1 M €	-2.1%	4,2 M €	-8.4%	4,6 M €	-12.5%	5,2 M €	-18.5%	6,4 M €	+12.5%	5,7 M €	+1.4%	5,6 M €	+30.9%	4,3 M €
Cash	3,5 M €	+238%	1 M €	+30.1%	804,4 k €	-40.7%	1,4 M €	-16.4%	1,6 M €	+98.2%	818,8 k €	+20.4%	680,3 k €	+32.0%	515,4 k €	+23.5%	417,2 k €	+71.0%	243,9 k €	-65.4%	704,9 k €	+42.5%	494,6 k €	+1.5%	487,4 k €	+301%	121,6 k €	-37.2%	193,5 k €	-29.8%	275,7 k €	+115%	128,3 k €	-60.1%	321,5 k €	+76.5%	182,2 k €	+37.0%	132,9 k €
Debts	9,2 M €	+30.1%	7,1 M €	-7.1%	7,6 M €	-16.8%	9,2 M €	+11.9%	8,2 M €	+12.7%	7,3 M €	+65.1%	4,4 M €	+34.1%	3,3 M €	-1.8%	3,4 M €	-4.6%	3,5 M €	+0.5%	3,5 M €	+4.3%	3,3 M €	+12.9%	3 M €	+5.8%	2,8 M €	-11.8%	3,2 M €	-18.0%	3,9 M €	-23.9%	5,1 M €	+15.7%	4,4 M €	-1.5%	4,5 M €	+36.7%	3,3 M €
Other
Workforce	43,5 ETP	-4.0%	45,3 ETP	+27.6%	35,5 ETP	+4.7%	33,9 ETP	-1.5%	34,4 ETP	+8.2%	31,8 ETP	-12.4%	36,3 ETP	-1.4%	36,8 ETP	-5.4%	38,9 ETP	+1.0%	38,5 ETP	-0.5%	38,7 ETP	+6.9%	36,2 ETP	+7.1%	33,8 ETP	+15.8%	29,2 ETP	-1.7%	29,7 ETP	-4.8%	31,2 ETP	+1.3%	30,8 ETP	+5.8%	29,1 ETP	+0.7%	28,9 ETP	+10.3%	26,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

DOLIGO

Director · since 13 juin 2025 · until 09 juin 2028 · 0534.457.132

Represented by Olivier DALLEMAGNE

Active

OP FOODS

Managing director · since 13 juin 2025 · until 09 juin 2028 · 0535.646.173

Represented by Olivier DALLEMAGNE

Active

Ended mandates

DOLIGO

Director · since 15 juin 2019 · until 13 juin 2025 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

OP FOODS

Managing director · since 15 juin 2019 · until 13 juin 2025 · 0535.646.173

Represented by Olivier DALLEMAGNE

Ended

DOLIGO

Director · since 16 juillet 2013 · until 14 juin 2019 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

DOLIGO

Director · since 16 juillet 2013 · until 14 juin 2019 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

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	01/07/2026	22/07/2025	25/07/2024	04/07/2023	30/08/2022	27/08/2021
General meeting	25/06/2026	30/06/2025	07/06/2024	30/06/2023	03/06/2022	13/07/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	01/07/2026	French	PDF
Full model	31/12/2024	30/06/2025	22/07/2025	French	PDF
Full model	31/12/2023	07/06/2024	25/07/2024	French	PDF
Full model	31/12/2022	30/06/2023	04/07/2023	French	PDF
Full model	31/12/2021	03/06/2022	30/08/2022	French	PDF
Full model	31/12/2020	13/07/2021	27/08/2021	Dutch	PDF
Full model	31/12/2019	12/06/2020	23/10/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	10/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	17/06/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	17/06/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	11/06/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	10/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	15/06/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	15/06/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	13/06/2008	Dutch	PDF
Full modelCorrection	31/12/2006	08/06/2007	21/06/2011	Dutch	PDF
Full model	31/12/2006	08/06/2007	11/07/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

DOLIGO

Director · since 13 juin 2025 · until 09 juin 2028 · 0534.457.132

Represented by Olivier DALLEMAGNE

Active

OP FOODS

Managing director · since 13 juin 2025 · until 09 juin 2028 · 0535.646.173

Represented by Olivier DALLEMAGNE

Active

Ended mandates

DOLIGO

Director · since 15 juin 2019 · until 13 juin 2025 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

OP FOODS

Managing director · since 15 juin 2019 · until 13 juin 2025 · 0535.646.173

Represented by Olivier DALLEMAGNE

Ended

DOLIGO

Director · since 16 juillet 2013 · until 14 juin 2019 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

DOLIGO

Director · since 16 juillet 2013 · until 14 juin 2019 · 0534.457.132

Represented by Olivier DALLEMAGNE

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/09/2026
Renouvellement du mandat des Administrateurs
PDF
Restructuring19/09/2024
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring11/06/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates05/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2021
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates27/05/2021
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates05/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/07/2016
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 20252,4 M €↑
2024
Annual accounts 2024666,3 k €↓
2023
Annual accounts 2023999,6 k €↑
2022
Annual accounts 2022663,9 k €↑
2021
Annual accounts 2021188,8 k €↑
2020
Annual accounts 202032,5 k €↓
2019
Annual accounts 2019174,5 k €↓
2018
Annual accounts 2018393,8 k €↑
2017
Annual accounts 2017210,8 k €↑
2016
Annual accounts 2016121,9 k €↓
2015
Annual accounts 2015556,1 k €↑
2014
Annual accounts 2014168,1 k €↑
2013
Annual accounts 201386,2 k €↑
2012
Annual accounts 201273,3 k €↓
2011
Annual accounts 201174,7 k €↑
2011
Name changeC.E.G.E.S.
2010
Annual accounts 201054,8 k €↓
2009
Annual accounts 2009117,4 k €↑
2008
Annual accounts 200827 k €↓
2007
Annual accounts 2007111,4 k €↓
2006
Annual accounts 2006203,4 k €
2006
Name changeCOMPTOIR EUROPEEN DES GLACES, CREMES GLACEES ET SORBETS - EUROPEES VERKOOPKANTOOR VOOR CONSUMPTIEIJS EN SORBET
10/12/1979
IncorporationPublic 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

C.E.G.E.S.

Overview

What does C.E.G.E.S. do?

Trend over 20 financial years

Indicative valuation

Board of directors

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