NORMAL SITUATION

CENIM

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

-5,5 M €

-730.5% YoY

Gross margin

368,8 k €

+148.5% YoY

Equity

21,1 M €

-24.7% YoY

Workforce

0,0 ETP

Company — Normal situation.

What does CENIM do?

CENIM is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.131.877

Legal form

Public limited company

Contributed capital

905 774,59 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Joint committees (3)

Signals

Solid equityGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	368,8 k €	+149%	148,4 k €	-69.2%	482,4 k €	-84.2%	3,1 M €	+563%	461,7 k €	+142%	-1,1 M €	-123%	-491,1 k €		–		–		–		–		–		–		–		–		–		–		–
EBITDA	349,7 k €	+277%	92,8 k €	-79.7%	457,8 k €	-83.8%	2,8 M €	+649%	377,6 k €	+123%	-1,7 M €	-184%	-582,8 k €	-123%	2,6 M €	+825%	275,8 k €	+27.3%	216,7 k €	+46.3%	148,1 k €	+187%	51,6 k €	+657%	6,8 k €	-98.6%	503,3 k €	-45.5%	922,7 k €	+15.7%	797,6 k €	-41.1%	1,4 M €	+29.9%	1 M €
Operating result	336,3 k €	+366%	72,2 k €	-83.6%	439,2 k €	-84.9%	2,9 M €	+836%	310,8 k €	+112%	-2,5 M €	-299%	-634 k €	-125%	2,5 M €	+1081%	212 k €	+2525%	8,1 k €	-4.8%	8,5 k €	+130%	-27,8 k €	+67.7%	-86,1 k €	-134%	249,9 k €	-59.8%	622,3 k €	+14.5%	543,5 k €	-43.5%	961,3 k €	+52.4%	630,9 k €
Net result	-5,5 M €	-731%	867 k €	-35.5%	1,3 M €	-48.4%	2,6 M €	+188%	903,8 k €	-88.6%	8 M €	-54.5%	17,5 M €	+492%	3 M €	+4908%	59 k €	+123%	-259,5 k €	+83.8%	-1,6 M €	-35.5%	-1,2 M €	-195%	-401,6 k €	-68.5%	-238,4 k €	-323%	107,1 k €	-77.3%	472,7 k €	+276%	125,9 k €	+515%	-30,4 k €
Balance sheet
Equity	21,1 M €	-24.7%	28 M €	+3.2%	27,1 M €	+5.2%	25,8 M €	+15.4%	22,4 M €	-20.4%	28,1 M €	+39.5%	20,1 M €	+378%	4,2 M €	+46.8%	2,9 M €	-48.4%	5,6 M €	-4.5%	5,8 M €	-21.6%	7,4 M €	-13.8%	8,6 M €	-4.5%	9 M €	-2.6%	9,2 M €	+1.2%	9,1 M €	+5.5%	8,7 M €	+1.5%	8,5 M €
Total assets	29,4 M €	-26.8%	40,1 M €	-6.4%	42,8 M €	+12.3%	38,1 M €	+1.9%	37,4 M €	+12.7%	33,2 M €	+22.1%	27,2 M €	+63.2%	16,7 M €	+4.6%	15,9 M €	-16.9%	19,2 M €	-0.1%	19,2 M €	-11.1%	21,6 M €	-10.0%	24 M €	-4.4%	25,1 M €	-20.4%	31,5 M €	-7.9%	34,2 M €	-2.6%	35,1 M €	+6.3%	33,1 M €
Cash	234,1 k €	+42.4%	164,4 k €	-88.5%	1,4 M €	+21.7%	1,2 M €	-15.4%	1,4 M €	-79.8%	6,9 M €	+5704%	118,6 k €	+450%	21,5 k €	+8.5%	19,9 k €	-65.8%	58,1 k €	+7.7%	53,9 k €	+22.6%	44 k €	-65.6%	127,9 k €	+427%	24,3 k €	-62.2%	64,2 k €	-95.8%	1,5 M €	+123%	694,2 k €	-28.4%	969,6 k €
Debts	8,1 M €	-31.8%	11,9 M €	-22.9%	15,5 M €	+26.7%	12,2 M €	-13.9%	14,2 M €	+203%	4,7 M €	-31.6%	6,8 M €	-43.1%	12 M €	-4.3%	12,6 M €	-3.5%	13 M €	+2.0%	12,8 M €	-4.2%	13,3 M €	-11.3%	15 M €	-4.7%	15,8 M €	-27.1%	21,6 M €	-10.1%	24,1 M €	-7.5%	26 M €	+8.3%	24 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		7,8 ETP	+8.3%	7,2 ETP	+12.5%	6,4 ETP		–		–		–		80,7 ETP	-0.6%	81,2 ETP	+6.1%	76,5 ETP	-0.5%	76,9 ETP	+2.0%	75,4 ETP

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 36 ended

Active mandates

Pulsed

Director · since 20 septembre 2022 · until 20 septembre 2028 · 0660.867.928

Represented by Christophe Van Olmen

Active

Brigitte Goethals

Director · since 31 juillet 2021 · until 31 juillet 2027

Active

IMMOWE

Director · since 31 juillet 2021 · until 31 juillet 2027 · 0450.235.002

Represented by Alex Geurts

Active

Prime Management

Director · until 31 mai 2027 · 0780.878.803

Represented by Eddy VERBRUGGE

Active

Ended mandates

Pulsed

Director · since 20 septembre 2022 · until 20 septembre 2028 · 0660.867.928

Represented by Van OLMEN CHRISTOPHE

Ended

DONK INVEST

Director · since 31 juillet 2021 · until 27 janvier 2022 · 0438.304.693

Represented by Eddy Verbrugge

Ended

IMMOWE

Director · since 31 juillet 2021 · until 31 juillet 2027 · 0450.235.002

Represented by Geurts ALEX

Ended

Brigitte Goethals

Director · since 29 mai 2015 · until 31 mai 2021

Ended

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	30/09/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	9 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/05/2026	14/07/2025	28/06/2024	25/07/2023	23/06/2022	11/08/2021
General meeting	31/03/2026	16/06/2025	25/06/2024	27/06/2023	31/05/2022	31/05/2021
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

Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

52 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	05/05/2026	Dutch	PDF
Abridged model	31/12/2024	16/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	27/06/2023	25/07/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	23/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	11/08/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	19/10/2020	Dutch	PDF
Full model	31/12/2018	03/06/2020	19/06/2020	Dutch	PDF
Full model	31/12/2017	21/11/2018	25/02/2019	Dutch	PDF
Full model	31/12/2016	30/08/2017	27/09/2017	Dutch	PDF
Full model	31/12/2015	31/08/2016	31/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/10/2016	14/10/2016	Dutch	PDF
Full model	31/12/2014	31/08/2015	31/08/2015	Dutch	PDF
Consolidated accounts	31/12/2014	09/10/2015	10/05/2016	Dutch	PDF
Full model	31/12/2013	20/08/2014	29/08/2014	Dutch	PDF
Consolidated accounts	31/12/2013	20/10/2014	10/05/2016	Dutch	PDF
Full model	31/12/2012	28/06/2013	30/08/2013	Dutch	PDF
Consolidated accounts	31/12/2012	28/06/2013	30/09/2013	Dutch	PDF
Full model	30/06/2011	10/11/2011	17/01/2012	Dutch	PDF
Consolidated accounts	30/06/2011	15/02/2013	30/09/2013	Dutch	PDF
Full model	31/12/2009	14/05/2010	30/07/2010	Dutch	PDF
Consolidated accounts	31/12/2009	14/09/2010	27/12/2010	Dutch	PDF
Full model	31/12/2008	14/05/2009	24/07/2009	Dutch	PDF
Consolidated accounts	31/12/2008	14/05/2009	30/10/2009	Dutch	PDF

View all 52 filings

Estimate

Indicative valuation

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 30/09/2025 · 4 active · 36 ended

Active mandates

Pulsed

Director · since 20 septembre 2022 · until 20 septembre 2028 · 0660.867.928

Represented by Christophe Van Olmen

Active

Brigitte Goethals

Director · since 31 juillet 2021 · until 31 juillet 2027

Active

IMMOWE

Director · since 31 juillet 2021 · until 31 juillet 2027 · 0450.235.002

Represented by Alex Geurts

Active

Prime Management

Director · until 31 mai 2027 · 0780.878.803

Represented by Eddy VERBRUGGE

Active

Ended mandates

Pulsed

Director · since 20 septembre 2022 · until 20 septembre 2028 · 0660.867.928

Represented by Van OLMEN CHRISTOPHE

Ended

DONK INVEST

Director · since 31 juillet 2021 · until 27 janvier 2022 · 0438.304.693

Represented by Eddy Verbrugge

Ended

IMMOWE

Director · since 31 juillet 2021 · until 31 juillet 2027 · 0450.235.002

Represented by Geurts ALEX

Ended

Brigitte Goethals

Director · since 29 mai 2015 · until 31 mai 2021

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other13/01/2026
BUITENGEWONE ALGEMENE VERGADERING VAN DE OVERNEMENDE
PDF
Restructuring13/11/2025
GEZAMENLIJK VOORSTEL TOT FUSIE DOOR OVERNEMING
PDF
Registered office02/05/2025
MAATSCHAPPELIJKE ZETEL
PDF
Registered office29/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Other22/09/2022
DIVERSEN, STATUTEN (VERTALING, COORDINATIE, OVERIGE
PDF
Mandates03/06/2022
ONTSLAG EN BENOEMING BESTUURDER
PDF
Mandates07/09/2021
VERLENGING MANDATEN BESTUURDERS
PDF
Mandates07/09/2021
BENOEMING BIJKOMENDE BESTUURDER
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 2025-5,5 M €↓
2024
Annual accounts 2024867 k €↓
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20222,6 M €↑
2021
Annual accounts 2021903,8 k €↓
2020
Annual accounts 20208 M €↓
2019
Annual accounts 201917,5 M €↑
2017
Annual accounts 20173 M €↑
2016
Annual accounts 201659 k €↑
2015
Annual accounts 2015-259,5 k €↑
2014
Annual accounts 2014-1,6 M €↓
2013
Annual accounts 2013-1,2 M €↓
2012
Annual accounts 2012-401,6 k €↓
2011
Annual accounts 2011-238,4 k €↓
2009
Annual accounts 2009107,1 k €↓
2008
Annual accounts 2008472,7 k €↑
2007
Annual accounts 2007125,9 k €↑
2006
Annual accounts 2006-30,4 k €

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

CENIM

Overview

What does CENIM do?

Trend over 18 financial years

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