ACTIVE

CERCO

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Financial year 2025 · closed on 31/12/2025

Net result

105,9 k €

-71.0% YoY

Revenue

5,2 M €

-25.9% YoY

Equity

5,2 M €

+2.1% YoY

Workforce

10,5 ETP

-26.1% YoY

What does CERCO do?

CERCO is a Public limited company incorporated in 1985. Its main activity is: Wholesale of mining, construction and civil engineering machinery. Its registered office is in Braine-le-Comte. It employs on average 10,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.703.088

Incorporation

04/09/1985

Legal form

Public limited company

Registered office

Chaussée de Bruxelles(Hennuyères) 206-208
7090 Braine-le-Comte · WallonieSee on map

Contributed capital

102 000,00 €

Latest accounts

31/12/2025

Average workforce

10,5 ETP

Activities (NACE)

46630Wholesale of mining, construction and civil engineering machinery· main 46630Wholesale of mining, construction and civil engineering machinery 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51820Air transport 51872Air transport

Joint committees (4)

124
149
14904
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	5,2 M €	-25.9%	7 M €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	469,2 k €	+126%	207,9 k €	-82.5%	1,2 M €	+55.5%	763,5 k €	-4.4%	798,3 k €	+11.1%	718,4 k €	+43.5%	500,6 k €	+19.8%	417,9 k €	+63.1%	256,3 k €	+80.5%	142 k €	-12.3%	161,9 k €	+24.8%	129,8 k €	-64.1%	361,7 k €	+104%	177,7 k €	-11.7%	201,2 k €	+15.6%	174,1 k €	-58.3%	417,3 k €	-50.9%	850,8 k €	+57.2%	541,1 k €	-20.8%	683,2 k €
Operating result	62,6 k €	-65.3%	180,2 k €	-81.7%	987,1 k €	+72.4%	572,6 k €	+1.6%	563,5 k €	+34.7%	418,3 k €	+27.5%	328 k €	+26.5%	259,3 k €	+210%	83,7 k €	+406%	16,5 k €	-50.7%	33,6 k €	+281%	8,8 k €	-96.3%	236 k €	+3975%	5,8 k €	-89.9%	57,3 k €	+42.0%	40,4 k €	+198%	13,6 k €	-98.1%	726,8 k €	+129%	317,8 k €	+185%	111,4 k €
Net result	105,9 k €	-71.0%	364,9 k €	-53.6%	787,3 k €	+56.0%	504,9 k €	+10.7%	456,2 k €	-2.3%	466,9 k €	+61.7%	288,6 k €	+31.6%	219,3 k €	-42.0%	378,4 k €	+630%	51,9 k €	-33.5%	78 k €	+350%	17,3 k €	-89.0%	158 k €	+206%	51,5 k €	-43.8%	91,7 k €	+101%	45,7 k €	-86.0%	325,7 k €	-39.7%	540,2 k €	+185%	189,4 k €	+36.4%	138,9 k €
Balance sheet
Equity	5,2 M €	+2.1%	5,1 M €	+7.8%	4,7 M €	+17.2%	4 M €	+13.1%	3,5 M €	+13.2%	3,1 M €	+12.4%	2,8 M €	+11.5%	2,5 M €	+9.6%	2,3 M €	+19.6%	1,9 M €	+2.5%	1,9 M €	+4.1%	1,8 M €	+1.0%	1,8 M €	+9.6%	1,6 M €	+3.1%	1,6 M €	+6.0%	1,5 M €	+3.8%	1,4 M €	+33.2%	1,1 M €	+3.4%	1 M €	+22.5%	840,1 k €
Total assets	7,8 M €	+13.2%	6,9 M €	-9.9%	7,7 M €	-6.9%	8,3 M €	-0.2%	8,3 M €	+24.5%	6,7 M €	+23.9%	5,4 M €	-2.4%	5,5 M €	+14.4%	4,8 M €	+33.0%	3,6 M €	-23.0%	4,7 M €	+10.7%	4,2 M €	-5.5%	4,5 M €	+2.2%	4,4 M €	-17.6%	5,3 M €	+2.7%	5,2 M €	-13.4%	6 M €	+13.7%	5,3 M €	+16.5%	4,5 M €	+22.5%	3,7 M €
Cash	643,9 k €	-14.5%	753,4 k €	-19.1%	931,8 k €	-38.6%	1,5 M €	+386%	312,6 k €	-14.0%	363,6 k €	+73.8%	209,2 k €	-36.4%	328,9 k €	-36.3%	516,5 k €	+391%	105,3 k €	-44.8%	190,8 k €	-70.6%	649,1 k €	+23.4%	525,9 k €	+122%	236,7 k €	-59.5%	585,1 k €	-47.0%	1,1 M €	+16.9%	945,5 k €	+283%	247,2 k €	-80.2%	1,3 M €	+574%	185,7 k €
Debts	2,5 M €	+57.2%	1,6 M €	-38.8%	2,6 M €	-33.1%	3,8 M €	-9.2%	4,2 M €	+31.9%	3,2 M €	+37.2%	2,3 M €	-14.4%	2,7 M €	+19.5%	2,3 M €	+48.4%	1,5 M €	-40.6%	2,6 M €	+13.5%	2,3 M €	-9.0%	2,5 M €	-1.4%	2,5 M €	-28.0%	3,5 M €	+3.4%	3,4 M €	-20.7%	4,3 M €	+9.1%	3,9 M €	+25.2%	3,1 M €	+19.3%	2,6 M €
Other
Workforce	10,5 ETP	-26.1%	14,2 ETP	-2.7%	14,6 ETP	-1.4%	14,8 ETP	+8.8%	13,6 ETP	-2.9%	14,0 ETP	-4.1%	14,6 ETP	+5.0%	13,9 ETP	+16.8%	11,9 ETP	0.0%	11,9 ETP	-11.9%	13,5 ETP	+5.5%	12,8 ETP	-7.9%	13,9 ETP	+8.6%	12,8 ETP	+10.3%	11,6 ETP	-17.1%	14,0 ETP	-2.8%	14,4 ETP	-9.4%	15,9 ETP	+11.2%	14,3 ETP	+8.3%	13,2 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 · 16 ended

Active mandates

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 09 novembre 2023 · until 26 mai 2029 · 0442.059.088

Represented by Virginie PEETERS

Active

Guy PEETERS

Managing director · since 09 novembre 2023 · until 26 mai 2029

Active

Ended mandates

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 27 mai 2017 · until 26 mai 2023 · 0442.059.088

Represented by Guy PEETERS

Ended

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 27 mai 2017 · until 27 mai 2023 · 0442.059.088

Represented by Virginie PEETERS

Ended

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Managing director · since 27 mai 2017 · until 26 mai 2023 · 0442.059.088

Represented by Virginie PEETERS

Ended

Guy PEETERS

Managing director · since 27 mai 2017 · until 26 mai 2023

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full 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	28/08/2026	30/09/2025	27/09/2024	31/08/2023	23/08/2022	27/08/2021
General meeting	30/06/2026	29/09/2025	28/06/2024	27/05/2023	28/05/2022	25/05/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Full model	31/12/2024	29/09/2025	30/09/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	27/09/2024	French	PDF
Abridged model	31/12/2022	27/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	28/05/2022	23/08/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	30/05/2020	23/10/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	18/08/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	31/08/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	26/08/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	12/08/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	31/08/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	28/08/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	31/08/2007	French	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 · 16 ended

Active mandates

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 09 novembre 2023 · until 26 mai 2029 · 0442.059.088

Represented by Virginie PEETERS

Active

Guy PEETERS

Managing director · since 09 novembre 2023 · until 26 mai 2029

Active

Ended mandates

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 27 mai 2017 · until 26 mai 2023 · 0442.059.088

Represented by Guy PEETERS

Ended

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Director · since 27 mai 2017 · until 27 mai 2023 · 0442.059.088

Represented by Virginie PEETERS

Ended

COMPAGNIE EUROPEENNE IMMOBILIERE ET D'INVESTISSEMENT

Managing director · since 27 mai 2017 · until 26 mai 2023 · 0442.059.088

Represented by Virginie PEETERS

Ended

Guy PEETERS

Managing director · since 27 mai 2017 · until 26 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/11/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - DEMISSIONS, NOMINATIONS - DENOMINATION
PDF
Mandates22/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates26/07/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office20/01/2012
SIEGE SOCIAL
PDF
Mandates27/11/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates19/09/2006
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

2025
Annual accounts 2025105,9 k €↓
2024
Annual accounts 2024364,9 k €↓
2023
Annual accounts 2023787,3 k €↑
2022
Annual accounts 2022504,9 k €↑
2021
Annual accounts 2021456,2 k €↓
2020
Annual accounts 2020466,9 k €↑
2019
Annual accounts 2019288,6 k €↑
2018
Annual accounts 2018219,3 k €↓
2017
Annual accounts 2017378,4 k €↑
2016
Annual accounts 201651,9 k €↓
2015
Annual accounts 201578 k €↑
2014
Annual accounts 201417,3 k €↓
2013
Annual accounts 2013158 k €↑
2012
Annual accounts 201251,5 k €↓
2011
Annual accounts 201191,7 k €↑
2010
Annual accounts 201045,7 k €↓
2009
Annual accounts 2009325,7 k €↓
2008
Annual accounts 2008540,2 k €↑
2007
Annual accounts 2007189,4 k €↑
2006
Annual accounts 2006138,9 k €
04/09/1985
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

CERCO

Overview

What does CERCO 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