ACTIVE

CEBO

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Financial year 2025 · closed on 31/12/2025

Net result

38,4 k €

-32.2% YoY

Gross margin

348,2 k €

-8.7% YoY

Equity

390,9 k €

-7.6% YoY

What does CEBO do?

CEBO is a Private limited company incorporated in 1984. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Brecht.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.279.762

Incorporation

08/10/1984

Legal form

Private limited company

Registered office

Veldstraat 55
2960 Brecht · FlandreSee on map

Latest accounts

31/12/2025

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 70200Management consultancy activities 70220Business and other management consultancy activities 74121Specialised design activities 74142Specialised design activities+3

Joint committees (3)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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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
Gross margin	348,2 k €	-8.7%	381,3 k €	+5.7%	360,6 k €	-6.6%	386,2 k €	+4.7%	368,7 k €	+24.6%	295,9 k €	+6.9%	276,9 k €	-11.9%	314,2 k €	+120%	142,5 k €	+18.2%	120,6 k €	-23.8%	158,2 k €	+17.8%	134,3 k €	+74.5%	77 k €	-20.6%	97 k €	-7.7%	105,1 k €	-2.2%	107,5 k €	+15.0%	93,5 k €	+11.8%	83,6 k €	+24.5%	67,2 k €	-11.1%	75,6 k €
EBITDA	178,8 k €	-7.6%	193,4 k €	+7.2%	180,4 k €	-6.9%	193,8 k €	+18.0%	164,3 k €	+27.2%	129,2 k €	-16.8%	155,2 k €	-27.8%	215 k €	+252%	61,1 k €	+25.3%	48,8 k €	-41.7%	83,7 k €	+6.5%	78,6 k €	+71.1%	45,9 k €	-21.5%	58,5 k €	-13.5%	67,6 k €	-12.1%	77 k €	+11.4%	69,1 k €	+21.3%	57 k €	+14.2%	49,9 k €	-14.8%	58,5 k €
Operating result	93 k €	-11.2%	104,7 k €	-9.8%	116 k €	-15.4%	137,1 k €	+23.6%	110,9 k €	+35.0%	82,2 k €	-22.3%	105,7 k €	-35.7%	164,4 k €	+321%	39 k €	+5205%	-765 €	-102%	42,4 k €	-0.6%	42,7 k €	+103%	21 k €	-37.1%	33,3 k €	-2.2%	34,1 k €	-25.2%	45,6 k €	+3.4%	44 k €	+74.7%	25,2 k €	-3.9%	26,2 k €	-34.2%	39,8 k €
Net result	38,4 k €	-32.2%	56,7 k €	-14.1%	66 k €	-22.1%	84,6 k €	+20.9%	70 k €	+55.0%	45,1 k €	-26.8%	61,6 k €	-38.5%	100,2 k €	+438%	18,6 k €	-30.3%	26,7 k €	+31.7%	20,3 k €	+15.5%	17,6 k €	+593%	2,5 k €	-76.9%	11 k €	+8.3%	10,1 k €	-43.4%	17,9 k €	+15.8%	15,5 k €	+506%	2,6 k €	-76.4%	10,8 k €	-56.2%	24,7 k €
Balance sheet
Equity	390,9 k €	-7.6%	422,9 k €	-2.1%	432 k €	+11.7%	386,6 k €	+20.0%	322,2 k €	+16.8%	276 k €	-20.9%	348,8 k €	+18.7%	294 k €	+50.5%	195,4 k €	+10.5%	176,8 k €	+14.0%	155 k €	+10.9%	139,7 k €	+9.9%	127,2 k €	-5.5%	134,6 k €	+6.8%	126 k €	+6.5%	118,3 k €	+28.2%	92,3 k €	+18.3%	78 k €	+3.4%	75,5 k €	+16.7%	64,7 k €
Total assets	1,8 M €	+48.1%	1,2 M €	-0.1%	1,2 M €	+24.5%	966,5 k €	-2.5%	990,7 k €	+3.6%	956,7 k €	-5.3%	1 M €	+3.6%	974,8 k €	-7.9%	1,1 M €	+105%	516,9 k €	-1.6%	525,4 k €	-2.9%	541 k €	+6.8%	506,5 k €	-5.5%	535,8 k €	-4.5%	561 k €	-5.0%	590,7 k €	+5.2%	561,7 k €	-4.0%	584,8 k €	+73.1%	337,9 k €	-0.1%	338,3 k €
Cash	74,2 k €	+79.2%	41,4 k €	-14.9%	48,6 k €	-33.9%	73,6 k €	+21.1%	60,7 k €	-6.7%	65,1 k €	+43.7%	45,3 k €	+117%	20,9 k €	+53.1%	13,6 k €	-80.7%	70,8 k €	+1080%	6 k €	-18.8%	7,4 k €	+555%	1,1 k €	-94.7%	21,3 k €	-23.1%	27,7 k €	+105%	13,5 k €	+50.5%	9 k €	+423%	1,7 k €	-76.3%	7,2 k €	-47.2%	13,7 k €
Debts	1,4 M €	+80.3%	760,6 k €	+0.9%	753,7 k €	+34.2%	561,6 k €	-13.6%	649,6 k €	-1.7%	660,9 k €	+3.1%	641,1 k €	-2.9%	660 k €	-23.6%	863,5 k €	+154%	340,2 k €	-8.0%	369,6 k €	-7.7%	400,5 k €	+5.6%	379,4 k €	-5.5%	401,3 k €	-7.7%	435 k €	-7.7%	471,4 k €	+0.6%	468,3 k €	-7.6%	506,8 k €	+93.1%	262,4 k €	-4.1%	273,7 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,6 ETP	+33.3%	1,2 ETP	+100%	0,6 ETP	-45.5%	1,1 ETP	-8.3%	1,2 ETP	+33.3%	0,9 ETP	+50.0%	0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP	0.0%	0,5 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 31/12/2025 · 2 active · 10 ended

Active mandates

Ann Mertens

Director · since 30 juin 2010

Active

Dominiek Mertens

Director · since 30 juin 2010

Active

Ended mandates

FRANS MERTENS

Associate · since 01 juillet 2010

Ended

Ann Constant G Mertens

Director · since 30 juin 2010

Ended

Ann Constant G Mertens

Manager · since 30 juin 2010

Ended

Dominiek Mertens

Manager · since 30 juin 2010

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	16/07/2026	30/04/2025	02/07/2024	31/08/2023	08/08/2022	09/06/2021
General meeting	05/06/2026	29/04/2025	07/06/2024	02/06/2023	04/06/2022	04/06/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	16/07/2026	Dutch	PDF
Micro model	31/12/2024	29/04/2025	30/04/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	02/07/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	08/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	09/06/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	10/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	20/07/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	20/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	12/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	11/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	22/07/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	09/06/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	26/06/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	28/06/2007	Dutch	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 31/12/2025 · 2 active · 10 ended

Active mandates

Ann Mertens

Director · since 30 juin 2010

Active

Dominiek Mertens

Director · since 30 juin 2010

Active

Ended mandates

FRANS MERTENS

Associate · since 01 juillet 2010

Ended

Ann Constant G Mertens

Director · since 30 juin 2010

Ended

Ann Constant G Mertens

Manager · since 30 juin 2010

Ended

Dominiek Mertens

Manager · since 30 juin 2010

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/09/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/02/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares06/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other04/01/2011
DOEL
PDF
Mandates22/07/2010
BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office01/03/2007
MAATSCHAPPELIJKE ZETEL
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 202538,4 k €↓
2024
Annual accounts 202456,7 k €↓
2023
Annual accounts 202366 k €↓
2022
Annual accounts 202284,6 k €↑
2021
Annual accounts 202170 k €↑
2020
Annual accounts 202045,1 k €↓
2019
Annual accounts 201961,6 k €↓
2018
Annual accounts 2018100,2 k €↑
2017
Annual accounts 201718,6 k €↓
2016
Annual accounts 201626,7 k €↑
2015
Annual accounts 201520,3 k €↑
2014
Annual accounts 201417,6 k €↑
2013
Annual accounts 20132,5 k €↓
2012
Annual accounts 201211 k €↑
2011
Annual accounts 201110,1 k €↓
2010
Annual accounts 201017,9 k €↑
2010
Name changeCebo
2009
Annual accounts 200915,5 k €↑
2008
Annual accounts 20082,6 k €↓
2007
Annual accounts 200710,8 k €↓
2006
Annual accounts 200624,7 k €
2006
Name changeCentrum voor Efficient Beheer van de Onderneming
08/10/1984
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

CEBO

Overview

What does CEBO 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