ACTIVE

CERAL

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Financial year 2024 · closed on 31/12/2024

Net result

2 M €

+0.6% YoY

Gross margin

3,7 M €

+3.1% YoY

Equity

3,1 M €

+13.9% YoY

Workforce

19,7 ETP

+11.3% YoY

What does CERAL do?

CERAL is a Public limited company incorporated in 1985. Its registered office is in Ans. It employs on average 19,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.291.334

Incorporation

26/04/1985

Legal form

Public limited company

Registered office

Rue des Héros 38
4431 Ans · WallonieSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2024

Average workforce

19,7 ETP

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	3,7 M €	+3.1%	3,6 M €	+32.2%	2,7 M €	+13.2%	2,4 M €	+18.6%	2 M €	-5.7%	2,1 M €	+84.2%	1,2 M €	+88.1%	620,1 k €	+9.3%	567,5 k €	-2.7%	583,4 k €	-35.4%	902,8 k €	+7.9%	836,4 k €	+6.7%	784,2 k €	+6.3%	738 k €	+19.6%	617,1 k €	+8.5%	568,6 k €	-4.0%	592,3 k €	+40.8%	420,7 k €	-2.4%	431,1 k €
EBITDA	2,7 M €	+0.1%	2,7 M €	+24.4%	2,2 M €	+11.6%	1,9 M €	+12.5%	1,7 M €	+18.1%	1,5 M €	+76.4%	831,4 k €	+174%	303,5 k €	+12.6%	269,4 k €	-18.6%	331,1 k €	-42.5%	575,9 k €	+17.7%	489,3 k €	+17.6%	415,9 k €	-9.8%	461,1 k €	+14.2%	403,9 k €	+17.3%	344,4 k €	-9.8%	382 k €	+80.5%	211,6 k €	-5.9%	224,9 k €
Operating result	2,5 M €	+1.0%	2,5 M €	+25.9%	2 M €	+16.0%	1,7 M €	+13.3%	1,5 M €	+16.5%	1,3 M €	+98.6%	656 k €	+390%	133,8 k €	+74.7%	76,6 k €	-55.5%	172,2 k €	-46.4%	321,5 k €	+20.7%	266,4 k €	+21.3%	219,6 k €	-11.1%	247 k €	+12.0%	220,5 k €	+50.8%	146,2 k €	+3.2%	141,7 k €	+30.5%	108,6 k €	+3.2%	105,3 k €
Net result	2 M €	+0.6%	2 M €	+22.9%	1,6 M €	+17.1%	1,4 M €	+17.3%	1,2 M €	+27.8%	919,7 k €	+89.3%	486 k €	+3347%	14,1 k €	-82.5%	80,7 k €	-23.8%	106 k €	-58.8%	257,4 k €	+25.7%	204,8 k €	+7.7%	190,2 k €	-3.6%	197,3 k €	+17.9%	167,3 k €	+28.2%	130,5 k €	-5.8%	138,5 k €	+31.1%	105,7 k €	+31.9%	80,1 k €
Balance sheet
Equity	3,1 M €	+13.9%	2,8 M €	-34.0%	4,2 M €	-30.0%	6 M €	+22.3%	4,9 M €	+31.8%	3,7 M €	+33.1%	2,8 M €	+21.2%	2,3 M €	+0.6%	2,3 M €	+3.7%	2,2 M €	+5.1%	2,1 M €	+14.0%	1,8 M €	+12.6%	1,6 M €	+13.2%	1,4 M €	+15.9%	1,2 M €	+15.6%	1,1 M €	+13.8%	942,4 k €	+16.9%	806,2 k €	+14.7%	702,9 k €
Total assets	5,1 M €	-24.0%	6,7 M €	+40.4%	4,8 M €	-28.4%	6,6 M €	+14.3%	5,8 M €	+18.8%	4,9 M €	+30.4%	3,8 M €	+9.9%	3,4 M €	+14.0%	3 M €	-17.9%	3,7 M €	-5.5%	3,9 M €	+23.4%	3,1 M €	+2.9%	3 M €	-1.6%	3,1 M €	+15.9%	2,7 M €	+38.3%	1,9 M €	-4.2%	2 M €	+2.0%	2 M €	-10.6%	2,2 M €
Cash	249,8 k €	-81.9%	1,4 M €	+218%	434,4 k €	-81.3%	2,3 M €	-22.1%	3 M €	+21.1%	2,5 M €	+173%	900,2 k €	+2.9%	874,6 k €	-14.9%	1 M €	-46.1%	1,9 M €	-15.9%	2,3 M €	+363%	489,7 k €	+46.3%	334,6 k €	-57.4%	784,6 k €	+226%	241 k €	+24.9%	192,9 k €	+18.6%	162,6 k €	-53.1%	346,6 k €	+20.8%	286,9 k €
Debts	1,9 M €	-51.0%	3,9 M €	+565%	590,3 k €	-14.7%	691,8 k €	-27.0%	948,1 k €	-21.0%	1,2 M €	+24.9%	961,5 k €	-13.6%	1,1 M €	+54.2%	721,8 k €	-40.9%	1,2 M €	-7.7%	1,3 M €	+2.0%	1,3 M €	-8.3%	1,4 M €	-14.5%	1,7 M €	+15.9%	1,4 M €	+66.7%	855,3 k €	-20.1%	1,1 M €	-8.2%	1,2 M €	-22.2%	1,5 M €
Other
Workforce	19,7 ETP	+11.3%	17,7 ETP	+133%	7,6 ETP	0.0%	7,6 ETP	+52.0%	5,0 ETP	-23.1%	6,5 ETP	+8.3%	6,0 ETP	0.0%	6,0 ETP	-1.6%	6,1 ETP	+19.6%	5,1 ETP	-21.5%	6,5 ETP	-3.0%	6,7 ETP	-4.3%	7,0 ETP	+11.1%	6,3 ETP	+26.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 10 ended

Active mandates

Emilie Germeau

Managing director

Active

JUGEBEN

Director · 0745.820.825

Represented by Béatrice Germeau

Active

LIGECO

Director · 0745.816.568

Represented by Anne-Françoise Germeau

Active

Ended mandates

Benoît JACO

Mandate

Ended

Benoît JACO

Director

Ended

Bernadette Jaco

Director

Ended

Bernadette JACO

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
BEBAF● Active	0793.499.590

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2025	31/07/2024	29/09/2023	30/11/2022	31/08/2021	30/11/2020
General meeting	27/06/2025	30/06/2024	31/08/2023	28/07/2022	13/08/2021	26/11/2020
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	31/12/2024	27/06/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	French	PDF
Abridged model	31/12/2022	31/08/2023	29/09/2023	French	PDF
Abridged modelCorrection	31/12/2021	28/07/2022	30/11/2022	French	PDF
Abridged model	31/12/2021	28/07/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	13/08/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	26/11/2020	30/11/2020	French	PDF
Abridged model	31/12/2018	28/08/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	21/08/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	24/09/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	24/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	25/09/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	20/09/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	30/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	05/10/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	08/08/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	23/08/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	25/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 31/12/2024 · 3 active · 10 ended

Active mandates

Emilie Germeau

Managing director

Active

JUGEBEN

Director · 0745.820.825

Represented by Béatrice Germeau

Active

LIGECO

Director · 0745.816.568

Represented by Anne-Françoise Germeau

Active

Ended mandates

Benoît JACO

Mandate

Ended

Benoît JACO

Director

Ended

Bernadette Jaco

Director

Ended

Bernadette JACO

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares01/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates11/05/2026
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2024
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates01/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates11/10/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2014
DEMISSIONS, NOMINATIONS
PDF
Capital / shares15/02/2012
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates14/08/2008
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 20242 M €↑
2023
Annual accounts 20232 M €↑
2022
Annual accounts 20221,6 M €↑
2021
Annual accounts 20211,4 M €↑
2020
Annual accounts 20201,2 M €↑
2019
Annual accounts 2019919,7 k €↑
2018
Annual accounts 2018486 k €↑
2017
Annual accounts 201714,1 k €↓
2016
Annual accounts 201680,7 k €↓
2015
Annual accounts 2015106 k €↓
2014
Annual accounts 2014257,4 k €↑
2013
Annual accounts 2013204,8 k €↑
2012
Annual accounts 2012190,2 k €↓
2011
Annual accounts 2011197,3 k €↑
2010
Annual accounts 2010167,3 k €↑
2009
Annual accounts 2009130,5 k €↓
2008
Annual accounts 2008138,5 k €↑
2007
Annual accounts 2007105,7 k €↑
2006
Annual accounts 200680,1 k €
26/04/1985
IncorporationPublic 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

CERAL

Overview

What does CERAL do?

Trend over 19 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