ACTIVE

CERATEC

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Financial year 2025 · closed on 31/12/2025

Net result

8,5 M €

+5.0% YoY

Revenue

162,3 M €

+37.9% YoY

Equity

34,6 M €

+32.5% YoY

Workforce

459,0 ETP

-2.6% YoY

What does CERATEC do?

CERATEC is a Public limited company incorporated in 1986. Its registered office is in Comines-Warneton. It employs on average 459,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.822.152

Incorporation

22/04/1986

Legal form

Public limited company

Registered office

Rue du Touquet(Biz) 228
7783 Comines-Warneton · WallonieSee on map

Contributed capital

3 636 920,00 €

Latest accounts

31/12/2025

Average workforce

459,0 ETP

Joint committees (3)

111
111 - 209
209

Contacts

1 public detail availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	162,3 M €	+37.9%	117,7 M €	+31.5%	89,5 M €	-25.3%	119,8 M €	+19.1%	100,6 M €	+53.4%	65,6 M €	+27.0%	51,6 M €	+120%	23,5 M €	-19.7%	29,3 M €	+7.0%	27,3 M €	-37.0%	43,4 M €	+109%	20,7 M €	-30.9%	30 M €	+39.8%	21,5 M €	+1.4%	21,2 M €	+5.2%	20,1 M €	-28.9%	28,3 M €	+23.3%	22,9 M €	+104%	11,3 M €
EBITDA	7,4 M €	-25.0%	9,8 M €	+26.8%	7,7 M €	+400%	1,5 M €	+148%	-3,2 M €	-65.2%	-2 M €	-192%	2,1 M €	+21.2%	1,8 M €	+181%	626,9 k €	-66.5%	1,9 M €	+5.7%	1,8 M €	+37.1%	1,3 M €	+1392%	86,6 k €	-94.6%	1,6 M €	+736%	-250 k €	-201%	248 k €	-77.6%	1,1 M €	-28.9%	1,6 M €	+17.4%	1,3 M €
Operating result	8,4 M €	-21.3%	10,7 M €	+132%	4,6 M €	+648%	615,7 k €	+120%	-3,1 M €	-43.5%	-2,2 M €	-1182%	201,8 k €	-56.6%	464,6 k €	+7.1%	433,8 k €	-60.1%	1,1 M €	-29.4%	1,5 M €	+310%	375,5 k €	+3.3%	363,4 k €	-38.1%	586,6 k €	+4.6%	560,9 k €	+273%	150,4 k €	-70.9%	516,7 k €	-55.1%	1,1 M €	+10.9%	1 M €
Net result	8,5 M €	+5.0%	8,1 M €	+159%	3,1 M €	+833%	335 k €	+112%	-2,8 M €	+38.0%	-4,4 M €	-8769%	51,3 k €	-79.4%	248,8 k €	-7.7%	269,7 k €	-56.1%	614,2 k €	-30.8%	887 k €	+64.9%	537,9 k €	+99.9%	269,1 k €	-39.2%	442,3 k €	+5.8%	417,9 k €	+430%	78,8 k €	-80.7%	407,3 k €	-54.5%	895,9 k €	+44.1%	621,8 k €
Balance sheet
Equity	34,6 M €	+32.5%	26,1 M €	+33.5%	19,5 M €	+18.4%	16,5 M €	+1.6%	16,2 M €	-14.9%	19,1 M €	+69.4%	11,3 M €	+0.1%	11,3 M €	+1.9%	11,1 M €	+2.1%	10,8 M €	+5.6%	10,3 M €	+8.9%	9,4 M €	+5.5%	8,9 M €	+2.0%	8,8 M €	+4.7%	8,4 M €	+5.3%	7,9 M €	+8.8%	7,3 M €	+5.9%	6,9 M €	+14.9%	6 M €
Total assets	79 M €	+7.4%	73,6 M €	-0.3%	73,8 M €	+15.6%	63,8 M €	+0.6%	63,5 M €	-5.3%	67 M €	+117%	30,9 M €	-3.6%	32 M €	+14.9%	27,8 M €	-58.4%	66,9 M €	+13.5%	58,9 M €	-19.2%	73 M €	+11.1%	65,7 M €	-1.7%	66,8 M €	+28.9%	51,9 M €	+17.2%	44,3 M €	+3.3%	42,9 M €	-17.2%	51,8 M €	+9.3%	47,4 M €
Cash	4,1 M €	-59.7%	10,2 M €	-29.9%	14,5 M €	+61.8%	9 M €	-10.3%	10 M €	-22.5%	12,9 M €	+858%	1,3 M €	-55.1%	3 M €	+26.1%	2,4 M €	-48.5%	4,6 M €	+122%	2,1 M €	+17.0%	1,8 M €	-57.8%	4,2 M €	-18.5%	5,2 M €	+135%	2,2 M €	+103%	1,1 M €	-40.8%	1,8 M €	-32.0%	2,7 M €	-16.4%	3,2 M €
Debts	43,4 M €	-6.4%	46,3 M €	-11.6%	52,4 M €	+16.4%	45 M €	+2.2%	44,1 M €	+0.1%	44 M €	+143%	18,1 M €	-6.5%	19,4 M €	+23.0%	15,8 M €	-71.6%	55,5 M €	+15.0%	48,3 M €	-23.2%	62,9 M €	+11.8%	56,3 M €	-2.5%	57,7 M €	+33.7%	43,2 M €	+19.9%	36 M €	+1.7%	35,4 M €	-20.7%	44,6 M €	+9.7%	40,7 M €
Other
Workforce	459,0 ETP	-2.6%	471,2 ETP	+1.6%	463,9 ETP	-7.1%	499,2 ETP	-2.9%	514,2 ETP	-4.6%	539,0 ETP	+302%	134,0 ETP	-8.2%	146,0 ETP	+2.1%	143,0 ETP	+3.6%	138,0 ETP	+4.5%	132,0 ETP	-0.2%	132,2 ETP	-5.5%	139,9 ETP	+3.6%	135,1 ETP	-1.5%	137,2 ETP	+5.4%	130,2 ETP	+0.8%	129,2 ETP	+0.2%	128,9 ETP	+4.4%	123,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 24 ended

Active mandates

CALLENS VANDELANOTTE

Auditor · since 23 avril 2024 · until 22 avril 2027 · 0433.608.707

Represented by Nicolas Vandelanotte

Active

Debruco

Managing director · since 25 avril 2023 · until 24 avril 2029 · 0740.741.290

Represented by Louis De Bruyn

Active

OPUS +

Chairman of the board of directors · since 25 avril 2023 · until 24 avril 2029 · 0436.262.745

Represented by Philip De Bruyn

Active

STERNIDAE

Managing director · since 25 avril 2023 · until 24 avril 2029 · 0639.936.120

Represented by Maxime Busschaert

Active

Ended mandates

CALLENS VANDELANOTTE

Auditor · since 27 avril 2021 · until 23 avril 2024 · 0433.608.707

Represented by Nicolas Vandelanotte

Ended

CALLENS VANDELANOTTE

Auditor · since 27 avril 2021 · until 23 avril 2024 · 0433.608.707

Represented by NIKOLAS VANDELANOTTE

Ended

Debruco

Managing director · since 01 avril 2020 · until 28 mars 2023 · 0740.741.290

Ended

DEBINCO

Managing director · since 26 mars 2019 · until 28 mars 2023 · 0466.355.214

Represented by PHILIP DE BRUYN

Ended

At this address

Other companies at this address

Company	CBE no.
BRIQUETERIES DE PLOEGSTEERT● Active	0401.273.162
Ploegsteert UTVA● Active	0889.877.307
PREFAXIS● Active	0837.558.277
Réserve naturelle et ornithologique de Ploegsteert● Active	0474.315.944
VEFIBEL● Active	0433.852.492

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	12/05/2026	22/05/2025	14/05/2024	24/05/2023	11/07/2022	27/05/2021
General meeting	28/04/2026	22/04/2025	23/04/2024	25/04/2023	26/04/2022	27/04/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	28/04/2026	12/05/2026	French	PDF
Full model	31/12/2024	22/04/2025	22/05/2025	French	PDF
Full model	31/12/2023	23/04/2024	14/05/2024	French	PDF
Full model	31/12/2022	25/04/2023	24/05/2023	French	PDF
Full modelCorrection	31/12/2021	26/04/2022	11/07/2022	French	PDF
Full modelCorrection	31/12/2021	26/04/2022	09/06/2022	French	PDF
Full model	31/12/2021	26/04/2022	31/05/2022	French	PDF
Full model	31/12/2020	27/04/2021	27/05/2021	French	PDF
Full model	31/12/2019	01/04/2020	22/04/2020	French	PDF
Full model	31/12/2018	26/03/2019	17/04/2019	French	PDF
Full model	31/12/2017	27/03/2018	17/04/2018	French	PDF
Full model	31/12/2016	28/03/2017	29/03/2017	French	PDF
Full model	31/12/2015	22/03/2016	22/04/2016	French	PDF
Full model	31/12/2014	24/03/2015	05/05/2015	French	PDF
Full model	31/12/2013	25/03/2014	30/04/2014	French	PDF
Full model	31/12/2012	26/03/2013	24/04/2013	French	PDF
Full model	31/12/2011	27/03/2012	26/04/2012	French	PDF
Full model	31/12/2010	22/03/2011	06/04/2011	French	PDF
Full model	31/12/2009	23/03/2010	14/04/2010	French	PDF
Full model	31/12/2008	24/03/2009	24/04/2009	French	PDF
Full model	31/12/2007	25/03/2008	05/05/2008	French	PDF
Full model	31/12/2006	27/03/2007	29/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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 · 4 active · 24 ended

Active mandates

CALLENS VANDELANOTTE

Auditor · since 23 avril 2024 · until 22 avril 2027 · 0433.608.707

Represented by Nicolas Vandelanotte

Active

Debruco

Managing director · since 25 avril 2023 · until 24 avril 2029 · 0740.741.290

Represented by Louis De Bruyn

Active

OPUS +

Chairman of the board of directors · since 25 avril 2023 · until 24 avril 2029 · 0436.262.745

Represented by Philip De Bruyn

Active

STERNIDAE

Managing director · since 25 avril 2023 · until 24 avril 2029 · 0639.936.120

Represented by Maxime Busschaert

Active

Ended mandates

CALLENS VANDELANOTTE

Auditor · since 27 avril 2021 · until 23 avril 2024 · 0433.608.707

Represented by Nicolas Vandelanotte

Ended

CALLENS VANDELANOTTE

Auditor · since 27 avril 2021 · until 23 avril 2024 · 0433.608.707

Represented by NIKOLAS VANDELANOTTE

Ended

Debruco

Managing director · since 01 avril 2020 · until 28 mars 2023 · 0740.741.290

Ended

DEBINCO

Managing director · since 26 mars 2019 · until 28 mars 2023 · 0466.355.214

Represented by PHILIP DE BRUYN

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates30/06/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring17/07/2020
OBJET - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/05/2020
DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates20/04/2017
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 20258,5 M €↑
2024
Annual accounts 20248,1 M €↑
23/04/2024
reconductionCallens Vandelariotte SA — commissaire-reviseur
2023
Annual accounts 20233,1 M €↑
25/04/2023
reconductionOpus+ SA — administrateur
25/04/2023
reconductionSternidae SRL — administrateur
25/04/2023
reconductionDebruco SRL — administrateur
25/04/2023
nominationOpus+ SA — Administrateur-Délégué
25/04/2023
nominationSternidae SRL — Administrateur-Délégué
25/04/2023
nominationDebruco SRL — Administrateur-Délégué
2022
Annual accounts 2022335 k €↑
2021
Annual accounts 2021-2,8 M €↑
2020
Annual accounts 2020-4,4 M €↓
2019
Annual accounts 201951,3 k €↓
2018
Annual accounts 2018248,8 k €↓
2017
Annual accounts 2017269,7 k €↓
2016
Annual accounts 2016614,2 k €↓
2015
Annual accounts 2015887 k €↑
2014
Annual accounts 2014537,9 k €↑
2013
Annual accounts 2013269,1 k €↓
2012
Annual accounts 2012442,3 k €↑
2011
Annual accounts 2011417,9 k €↑
2010
Annual accounts 201078,8 k €↓
2009
Annual accounts 2009407,3 k €↓
2008
Annual accounts 2008895,9 k €↑
2007
Annual accounts 2007621,8 k €
22/04/1986
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

CERATEC

Overview

What does CERATEC 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