ACTIVE

CECODAL

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Financial year 2025 · Closed on 31/12/2025

Net result2,7 M €+113,7 %over 1 year

Gross margin-14,5 k €-40,0 %over 1 year

Equity34,2 M €+8,5 %over 1 year

Identity

Source · BCE/KBO

CECODAL is a Public limited company incorporated in 1981. Its registered office is in Floreffe.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0422.034.033
Incorporation: 02/10/1981
Legal form: Public limited company
Registered office: Allée des Cerisiers 1
5150 Floreffe · WallonieSee on map
Contributed capital: 11 110 200,00 €
Latest accounts: 31/12/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-14,5 k €	-40.0%	-10,4 k €	-52.3%	-6,8 k €	+32.2%	-10,1 k €	-4.6%	-9,6 k €
EBITDA	-25,8 k €	-19.9%	-21,5 k €	+16.1%	-25,7 k €	+85.7%	-179,4 k €	-545%	-27,8 k €
Operating result	-25,8 k €	-19.9%	-21,5 k €	+16.1%	-25,7 k €	+85.7%	-179,4 k €	-545%	-27,8 k €
Net result	2,7 M €	+114%	1,2 M €	+97.1%	633,3 k €	+67.2%	378,9 k €	-37.3%	603,8 k €
Balance sheet
Equity	34,2 M €	+8.5%	31,5 M €	+4.1%	30,3 M €	+2.1%	29,6 M €	-0.4%	29,8 M €
Total assets	36,3 M €	+4.8%	34,6 M €	-4.7%	36,3 M €	+1.0%	36 M €	+3.5%	34,8 M €
Cash	1,4 M €	+111%	684 k €	-42.1%	1,2 M €	+319%	282,2 k €	+11.4%	253,2 k €
Debts	2,1 M €	-31.7%	3,1 M €	-48.6%	6,1 M €	-4.6%	6,3 M €	+26.9%	5 M €
Other
Workforce	–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
COGEVEST0809.862.502Represented by Jean-Luc Heymans	Managing director22/04/2009 → 21/05/2026
Florian Delmas	Director25/05/2023 → 21/05/2026
Jean-Yves HAYS	Chairman of the board of directors16/05/2020 → 21/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno Chapoulart	Director16/05/2014 → 2022 accounts
Frédéric Gervoson	Chairman of the board of directors16/05/2017 → 2019 accounts

Other companies at this address

Allée des Cerisiers 1 5150 Floreffe

Company	CBE no.
Materne - Confilux● Active	0401.408.863

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/06/2026	30/07/2025	20/06/2024	31/05/2023	01/07/2022	09/06/2021
General meeting	20/05/2026	05/06/2025	30/05/2024	25/05/2023	02/06/2022	27/05/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/05/2026	10/06/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	20/06/2024	French	PDF
Abridged model	31/12/2022	25/05/2023	31/05/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	01/07/2022	French	PDF
Abridged model	31/12/2020	27/05/2021	09/06/2021	French	PDF
Abridged model	31/12/2019	28/05/2020	05/06/2020	French	PDF
Abridged model	31/12/2018	16/05/2019	27/05/2019	French	PDF
Abridged model	31/12/2017	17/05/2018	24/05/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	06/06/2017	French	PDF
Full model	31/12/2015	19/05/2016	01/06/2016	French	PDF
Full model	31/12/2014	21/05/2015	12/06/2015	French	PDF
Full model	31/12/2013	15/05/2014	22/05/2014	French	PDF
Full model	31/12/2012	17/05/2013	27/05/2013	French	PDF
Full model	31/12/2011	24/05/2012	25/05/2012	French	PDF
Full model	31/12/2010	19/05/2011	14/06/2011	French	PDF
Full model	31/12/2009	20/05/2010	26/05/2010	French	PDF
Full model	31/12/2008	28/05/2009	24/06/2009	French	PDF
Full model	31/12/2007	15/05/2008	28/05/2008	French	PDF
Full model	31/12/2006	24/05/2007	07/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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

3 active · 2 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
COGEVEST0809.862.502Represented by Jean-Luc Heymans	Managing director22/04/2009 → 21/05/2026
Florian Delmas	Director25/05/2023 → 21/05/2026
Jean-Yves HAYS	Chairman of the board of directors16/05/2020 → 21/05/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bruno Chapoulart	Director16/05/2014 → 2022 accounts
Frédéric Gervoson	Chairman of the board of directors16/05/2017 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates14/05/2025
DEMISSIONS, NOMINATIONS
PDF
Other21/03/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates22/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates14/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates25/06/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/05/2019
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

Filings16 filings

Mandates

COGEVEST

Jean-Yves HAYS

Florian Delmas

Bruno Chapoulart

Frédéric Gervoson

1981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CECODAL

Allée des Cerisiers 1, 5150 Floreffe

Managing director

Chairman of the board of directors

Director

Chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Allée des Cerisiers 1, 5150 FloreffeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00150508

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CECODALCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00150508

Events

2025
Annual accounts 20252,7 M €↑
2024
Annual accounts 20241,2 M €↑
30/05/2024
nominationFinvision · réviseur
2023
Annual accounts 2023633,3 k €↑
25/05/2023
reconductionJean-Yves Hays · Président du Conseil d’administration
25/05/2023
nominationFlorian Delmas · Administrateur
2022
Annual accounts 2022378,9 k €↓
01/01/2022
nominationJulie Delforge · représentant permanent du commissaire
2021
Annual accounts 2021603,8 k €↑
2020
Annual accounts 2020543,6 k €↓
2019
Annual accounts 2019618,5 k €↑
2018
Annual accounts 2018127,6 k €↓
2017
Annual accounts 2017431,6 k €↓
2016
Annual accounts 2016487,7 k €↓
2015
Annual accounts 2015604,3 k €↓
2014
Annual accounts 20141 M €↓
2013
Annual accounts 20131,4 M €↓
2012
Annual accounts 20121,7 M €↓
2011
Annual accounts 20112,2 M €↓
2010
Annual accounts 20102,2 M €
02/10/1981
IncorporationPublic limited company

CECODAL

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