ACTIVE

CER-Groupe

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Financial year 2025 · Closed on 31/12/2025

Net result979,5 k €+41,7 %over 1 year
Revenue22,4 M €+38,0 %over 1 year
Equity22,6 M €+3,1 %over 1 year
Workforce150,6 ETP-0,6 %over 1 year

Identity

Source · BCE/KBO

CER-Groupe is a Public utility foundation incorporated in 1984. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Marche-en-Famenne. It employs on average 150,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0420.654.158
Incorporation
15/10/1984
Legal form
Public utility foundation
Registered office
Aye, Rue de la Science 8
6900 Marche-en-Famenne · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
150,6 ETP
Joint committees (1)
  • 335
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 10 filings

Trend over 9 financial years

20252024202320222021
Income statement
Revenue22,4 M €16,3 M €16 M €15,1 M €15,5 M €
EBITDA8,8 M €7,1 M €915,7 k €1,8 M €2,3 M €
Operating result854 k €-651,5 k €-937,7 k €63,3 k €627,1 k €
Net result979,5 k €691,2 k €-459,1 k €64 k €984,6 k €
Balance sheet
Equity22,6 M €21,9 M €21,2 M €21,8 M €21,8 M €
Total assets33,8 M €34,1 M €30,6 M €31,3 M €30,2 M €
Cash4,6 M €2,3 M €3 M €4,3 M €6 M €
Debts11,2 M €12,2 M €9,4 M €9,4 M €8,4 M €
Other
Workforce150,6 ETP151,5 ETP144,6 ETP139,0 ETP134,4 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

17 active · 20 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jean-François HEYMANS
Director18/12/2025 → 05/10/2027
Benoit MOREAUX
Chairman of the board of directors12/12/2024 → 05/10/2027Director06/10/2021 → 2024 accountsended
Béatrice DE BORMAN
Administratrice06/10/2021 → 05/10/2030Director06/10/2021 → 2022 accountsended
Christian MASSARD
Director06/10/2015 → 05/10/2030
Dominique GILLARD
Director06/10/2015 → 05/10/2030
Philippe BONTEMPS
Vice-chairman of the board of directors17/06/2019 → 05/10/2030Director06/10/2015 → 2020 accountsended
Philippe DENOEL
Director06/10/2021 → 05/10/2030
Sophie GLATT
Administratrice06/10/2024 → 05/10/2030
Stéphane VINCENT
Director06/10/2024 → 05/10/2030
José CASTILLO
Director21/03/2024 → 05/10/2027
Sophie GRAVY
Administratrice21/03/2024 → 05/10/2027
Sophie BOUREZ
Administratrice29/06/2023 → 05/10/2027
Christian DIVOY
Director06/10/2015 → 05/10/2027
Katelijne SMETS
Administratrice06/10/2021 → 05/10/2027Director06/10/2021 → 2022 accountsended
Philippe BARET
Director14/09/2016 → 05/10/2027
Olivier VANLOOCKE
Administrateur-Directeur01/03/2021 → 28/02/2027
WEVA LIFE0746.618.403
Mandate

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Brigitte GENARD
Administratrice06/10/2021 → 2024 accountsDirector06/10/2021 → 2022 accounts
Daniel DESMECHT
Director06/10/2021 → 05/10/2024

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Aye, Rue de la Science 8 6900 Marche-en-Famenne
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ASSOCIATION POUR L'USAGE ET LA DEFENSE DU SAUCISSON D'ARDENNE● Active
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REVATIS VET● Active
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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date22/07/202603/07/202512/09/202410/07/202314/07/202226/07/2021
General meeting25/06/202619/06/202519/06/202429/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 10 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202525/06/202622/07/2026FrenchPDF
Full model31/12/202525/06/202606/07/2026FrenchPDF
Full model31/12/202419/06/202503/07/2025FrenchPDF
Full model31/12/202319/06/202412/09/2024FrenchPDF
Full model31/12/202229/06/202310/07/2023FrenchPDF
Full model31/12/202130/06/202214/07/2022FrenchPDF
Full model31/12/202030/06/202126/07/2021FrenchPDF
Full model31/12/201915/06/202020/07/2020FrenchPDF
Full model31/12/201817/06/201926/06/2019FrenchPDF
Full model31/12/201704/06/201820/12/2018FrenchPDF

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

17 active · 20 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Jean-François HEYMANS
Director18/12/2025 → 05/10/2027
Benoit MOREAUX
Chairman of the board of directors12/12/2024 → 05/10/2027Director06/10/2021 → 2024 accountsended
Béatrice DE BORMAN
Administratrice06/10/2021 → 05/10/2030Director06/10/2021 → 2022 accountsended
Christian MASSARD
Director06/10/2015 → 05/10/2030
Dominique GILLARD
Director06/10/2015 → 05/10/2030
Philippe BONTEMPS
Vice-chairman of the board of directors17/06/2019 → 05/10/2030Director06/10/2015 → 2020 accountsended
Philippe DENOEL
Director06/10/2021 → 05/10/2030
Sophie GLATT
Administratrice06/10/2024 → 05/10/2030
Stéphane VINCENT
Director06/10/2024 → 05/10/2030
José CASTILLO
Director21/03/2024 → 05/10/2027
Sophie GRAVY
Administratrice21/03/2024 → 05/10/2027
Sophie BOUREZ
Administratrice29/06/2023 → 05/10/2027
Christian DIVOY
Director06/10/2015 → 05/10/2027
Katelijne SMETS
Administratrice06/10/2021 → 05/10/2027Director06/10/2021 → 2022 accountsended
Philippe BARET
Director14/09/2016 → 05/10/2027
Olivier VANLOOCKE
Administrateur-Directeur01/03/2021 → 28/02/2027
WEVA LIFE0746.618.403
Mandate

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Brigitte GENARD
Administratrice06/10/2021 → 2024 accountsDirector06/10/2021 → 2022 accounts
Daniel DESMECHT
Director06/10/2021 → 05/10/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates11/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/10/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other11/06/2025
    OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates21/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates15/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/10/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/06/2024
    DEMISSIONS, NOMINATIONS
    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
Filings9 filings
Mandates
Jean-François HEYMANS
Benoit MOREAUX
Dominique GILLARD
Philippe BONTEMPS
Philippe DENOEL
Béatrice DE BORMAN
Sophie GLATT
Christian MASSARD
Stéphane VINCENT
Sophie GRAVY
José CASTILLO
Sophie BOUREZ
19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
CER-Groupe
Aye, Rue de la Science 8, 6900 Marche-en-Famenne
Director
Chairman of the board of directorsDirector
Director
Vice-chairman of the board of directorsDirector
Director
AdministratriceDirector
Administratrice
Director
Director
Administratrice
Director
Administratrice
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Aye, Rue de la Science 8, 6900 Marche-en-FamenneCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00324578

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
CER-GroupeCurrent
accounts 2017 → 2025
Accounts 2025 · 2026-00324578

Events

  1. 2025
    Annual accounts 2025979,5 k €↑
  2. 2024
    Annual accounts 2024691,2 k €↑
  3. 2023
    Annual accounts 2023-459,1 k €↓
  4. 2022
    Annual accounts 202264 k €↓
  5. 2021
    Annual accounts 2021984,6 k €↑
  6. 2020
    Annual accounts 2020216,7 k €↑
  7. 2019
    Annual accounts 201954,6 k €↑
  8. 2018
    Annual accounts 201816,6 k €↑
  9. 2017
    Annual accounts 20174,4 k €
  10. 15/10/1984
    IncorporationPublic utility foundation