ACTIVE

CISPA E. en G.

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Financial year 2025 · closed on 31/12/2025

Net result

303,6 k €

+5.6% YoY

Gross margin

1 M €

+3.4% YoY

Equity

1,6 M €

+0.2% YoY

Workforce

3,8 ETP

-2.6% YoY

What does CISPA E. en G. do?

CISPA E. en G. is a Private limited company incorporated in 1984. Its registered office is in Gent. It employs on average 3,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0426.374.683

Incorporation

18/10/1984

Legal form

Private limited company

Registered office

Brugsesteenweg 583
9030 Gent · FlandreSee on map

Contributed capital

124 000,00 €

Latest accounts

31/12/2025

Average workforce

3,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	1 M €	+3.4%	977,1 k €	+7.7%	907,2 k €	-10.9%	1 M €	+9.7%	928,3 k €	-13.1%	1,1 M €	+5.1%	1 M €	+2.6%	991,5 k €	+0.8%	983,2 k €	+11.5%	881,7 k €	-10.8%	988,7 k €	+11.7%	885 k €	-8.3%	964,6 k €	+8.3%	890,5 k €	-1.0%	899,7 k €	-2.9%	926,2 k €	+7.3%	863 k €	+13.5%	760,6 k €	+13.6%	669,4 k €	-0.4%	671,9 k €
EBITDA	501,5 k €	+7.9%	465 k €	+7.0%	434,6 k €	-17.8%	528,7 k €	-6.8%	567,3 k €	-8.6%	621 k €	+22.9%	505,4 k €	-7.0%	543,4 k €	+12.5%	483,1 k €	+9.9%	439,8 k €	-17.3%	532,1 k €	+27.1%	418,7 k €	-13.2%	482,5 k €	+9.2%	441,8 k €	-1.2%	447,3 k €	-6.7%	479,5 k €	+5.5%	454,3 k €	+18.9%	382,2 k €	+7.3%	356,3 k €	-1.8%	363 k €
Operating result	407,4 k €	+10.0%	370,5 k €	+7.9%	343,5 k €	-26.2%	465,5 k €	-8.4%	508,3 k €	-8.3%	554,2 k €	+30.1%	425,9 k €	-7.8%	461,7 k €	+21.7%	379,5 k €	+17.6%	322,7 k €	-22.0%	413,6 k €	+40.2%	295,1 k €	-15.0%	347,1 k €	+9.3%	317,5 k €	-16.1%	378,3 k €	-5.4%	400 k €	+7.6%	371,8 k €	+23.2%	301,8 k €	+5.3%	286,6 k €	+0.4%	285,5 k €
Net result	303,6 k €	+5.6%	287,5 k €	+9.3%	263 k €	-26.7%	358,7 k €	-4.9%	377 k €	-7.6%	407,8 k €	+37.9%	295,8 k €	-14.5%	346 k €	+31.0%	264 k €	+16.2%	227,3 k €	-24.9%	302,5 k €	+23.2%	245,5 k €	-6.3%	262 k €	-0.8%	264,1 k €	-11.1%	297,2 k €	-2.3%	304,1 k €	+1.8%	298,8 k €	+20.7%	247,5 k €	+5.8%	234 k €	+6.7%	219,3 k €
Balance sheet
Equity	1,6 M €	+0.2%	1,6 M €	+5.8%	1,5 M €	+21.1%	1,2 M €	-3.2%	1,3 M €	+6.3%	1,2 M €	+0.6%	1,2 M €	+19.7%	1 M €	+52.4%	660,8 k €	-60.1%	1,7 M €	-0.2%	1,7 M €	+0.2%	1,7 M €	-43.1%	2,9 M €	+9.9%	2,6 M €	+11.1%	2,4 M €	+14.2%	2,1 M €	+0.2%	2,1 M €	+5.0%	2 M €	+2.5%	1,9 M €	+10.5%	1,8 M €
Total assets	2,2 M €	+10.7%	2 M €	+2.3%	2 M €	+2.0%	1,9 M €	+11.8%	1,7 M €	+13.5%	1,5 M €	+6.4%	1,4 M €	+27.5%	1,1 M €	-57.0%	2,6 M €	+13.9%	2,3 M €	+7.6%	2,1 M €	-35.3%	3,3 M €	+7.2%	3,1 M €	+8.3%	2,8 M €	+4.0%	2,7 M €	+11.5%	2,5 M €	+9.4%	2,2 M €	+6.2%	2,1 M €	+3.5%	2 M €	+11.5%	1,8 M €
Cash	112,3 k €	+50.5%	74,6 k €	-11.9%	84,6 k €	-38.5%	137,6 k €	-6.9%	147,8 k €	+24.3%	119 k €	+94.6%	61,1 k €	+18.0%	51,8 k €	-45.7%	95,4 k €	-5.1%	100,5 k €	+77.6%	56,6 k €	-17.7%	68,7 k €	-13.9%	79,8 k €	+207%	26 k €	-48.0%	50 k €	-24.4%	66,2 k €	+12.3%	58,9 k €	-0.9%	59,5 k €	-1.1%	60,1 k €	+90.6%	31,5 k €
Debts	638,1 k €	+50.6%	423,6 k €	-9.2%	466,7 k €	-32.4%	690,5 k €	+55.2%	445 k €	+40.8%	316 k €	+38.2%	228,6 k €	+94.3%	117,7 k €	-94.0%	1,9 M €	+213%	622,1 k €	+38.6%	448,9 k €	-72.3%	1,6 M €	+993%	148 k €	-14.0%	172,2 k €	-50.0%	344,4 k €	-1.3%	348,9 k €	+164%	132,3 k €	+7.7%	122,9 k €	+49.9%	82 k €	+38.6%	59,1 k €
Other
Workforce	3,8 ETP	-2.6%	3,9 ETP	-13.3%	4,5 ETP	-13.5%	5,2 ETP	-5.5%	5,5 ETP	-21.4%	7,0 ETP	+11.1%	6,3 ETP	+43.2%	4,4 ETP	+12.8%	3,9 ETP	+21.9%	3,2 ETP	-3.0%	3,3 ETP	-21.4%	4,2 ETP	-8.7%	4,6 ETP	+4.5%	4,4 ETP	+15.8%	3,8 ETP	+2.7%	3,7 ETP	-5.1%	3,9 ETP	+14.7%	3,4 ETP	+88.9%	1,8 ETP	+63.6%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

Cispa Eddy

Director

Active

Cispa Gerrit

Director

Active

Ended mandates

HOLDING CISPA

Manager · since 01 janvier 2011 · 0831.867.347

Represented by Gerrit CISPA

Ended

HOLDING CISPA

Manager · since 01 janvier 2011 · 0831.867.347

Represented by Gerrit CISPA

Ended

Eddy CISPA

Manager · since 18 mars 2008

Ended

Gerrit CISPA

Manager · since 18 mars 2008

Ended

At this address

Other companies at this address

Company	CBE no.
HOLDING CISPA● Active	0831.867.347

Annual accounts

Full financial information

	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	04/08/2026	25/08/2025	27/08/2024	07/07/2023	05/08/2022	10/08/2021
General meeting	30/07/2026	30/07/2025	29/07/2024	24/06/2023	29/07/2022	29/07/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/07/2026	04/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/07/2025	25/08/2025	Dutch	PDF
Abridged model	31/12/2023	29/07/2024	27/08/2024	Dutch	PDF
Abridged model	31/12/2022	24/06/2023	07/07/2023	Dutch	PDF
Abridged model	31/12/2021	29/07/2022	05/08/2022	Dutch	PDF
Abridged model	31/12/2020	29/07/2021	10/08/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	03/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	04/07/2018	Dutch	PDF
Abridged model	31/12/2016	24/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	05/08/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	29/07/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	26/06/2010	14/07/2010	Dutch	PDF
Abridged model	31/12/2008	27/06/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	28/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	09/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 9 ended

Active mandates

Cispa Eddy

Director

Active

Cispa Gerrit

Director

Active

Ended mandates

HOLDING CISPA

Manager · since 01 janvier 2011 · 0831.867.347

Represented by Gerrit CISPA

Ended

HOLDING CISPA

Manager · since 01 janvier 2011 · 0831.867.347

Represented by Gerrit CISPA

Ended

Eddy CISPA

Manager · since 18 mars 2008

Ended

Gerrit CISPA

Manager · since 18 mars 2008

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2021
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates19/10/2021
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates04/03/2011
ONTSLAGEN - BENOEMINGEN
PDF
Other14/04/2008
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF
Capital / shares28/02/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/07/2005
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/08/2003
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 2025303,6 k €↑
2024
Annual accounts 2024287,5 k €↑
2023
Annual accounts 2023263 k €↓
2022
Annual accounts 2022358,7 k €↓
2021
Annual accounts 2021377 k €↓
2020
Annual accounts 2020407,8 k €↑
2019
Annual accounts 2019295,8 k €↓
2018
Annual accounts 2018346 k €↑
2017
Annual accounts 2017264 k €↑
2016
Annual accounts 2016227,3 k €↓
2015
Annual accounts 2015302,5 k €↑
2014
Annual accounts 2014245,5 k €↓
2013
Annual accounts 2013262 k €↓
2012
Annual accounts 2012264,1 k €↓
2011
Annual accounts 2011297,2 k €↓
2010
Annual accounts 2010304,1 k €↑
2009
Annual accounts 2009298,8 k €↑
2008
Annual accounts 2008247,5 k €↑
2007
Annual accounts 2007234 k €↑
2006
Annual accounts 2006219,3 k €
18/10/1984
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

CISPA E. en G.

Overview

What does CISPA E. en G. 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