ACTIVE

C.E.A.

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Financial year 2025 · closed on 31/12/2025

Net result

-12,9 k €

-5.8% YoY

Gross margin

4,5 k €

+127.7% YoY

Equity

290,2 k €

-4.3% YoY

What does C.E.A. do?

C.E.A. is a Public limited company incorporated in 1986. Its registered office is in Sint-Niklaas.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.197.878

Incorporation

12/06/1986

Legal form

Public limited company

Registered office

Houtduifstraat 17
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

82 800,00 €

Latest accounts

31/12/2025

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	4,5 k €	+128%	2,0 k €	-99.4%	302,8 k €	+5141%	5,8 k €	-36.0%	9,0 k €	-52.4%	19,0 k €	+13.2%	16,8 k €	-39.1%	27,5 k €	+36.2%	20,2 k €	-11.9%	22,9 k €	+439%	-6,8 k €	-161%	11,1 k €	-0.1%	11,1 k €	+0.2%	11,1 k €	+6.7%	10,4 k €	-5.0%	10,9 k €	+148%	4,4 k €
EBITDA	2,2 k €	+990%	-246,7 €	-100%	302,3 k €	+37321%	807,8 €	-85.6%	5,6 k €	-64.6%	15,8 k €	+13.7%	13,9 k €	-37.9%	22,4 k €	+43.3%	15,6 k €	-19.4%	19,4 k €	+289%	-10,3 k €	-232%	7,8 k €	-2.9%	8,0 k €	-11.9%	9,1 k €	+8.3%	8,4 k €	-6.8%	9,0 k €	+255%	2,5 k €
Operating result	-9,0 k €	+20.2%	-11,2 k €	-104%	291,3 k €	+2458%	-12,4 k €	-65.3%	-7,5 k €	-1540%	518,8 €	+137%	-1,4 k €	-119%	7,1 k €	+1966%	344,5 €	-92.7%	4,7 k €	+126%	-18,1 k €	-538%	4,1 k €	+5.8%	3,9 k €	-42.4%	6,8 k €	+36.4%	5,0 k €	-43.2%	8,7 k €	+244%	2,5 k €
Net result	-12,9 k €	-5.8%	-12,2 k €	-106%	208,0 k €	+1516%	-14,7 k €	-49.9%	-9,8 k €	-222%	-3,0 k €	+33.8%	-4,6 k €	-213%	4,1 k €	+221%	-3,4 k €	-104%	79,2 k €	+492%	-20,2 k €	-633%	3,8 k €	-58.8%	9,2 k €	-22.0%	11,8 k €	+17.6%	10,0 k €	-26.2%	13,6 k €	+111%	6,5 k €
Balance sheet
Equity	290,2 k €	-4.3%	303,0 k €	-3.9%	315,2 k €	+194%	107,2 k €	-12.1%	121,9 k €	-15.6%	144,3 k €	+3.9%	139,0 k €	-3.2%	143,6 k €	+2.9%	139,5 k €	-2.4%	142,9 k €	+124%	63,7 k €	-24.1%	83,9 k €	-48.7%	163,4 k €	+6.0%	154,2 k €	+8.3%	142,4 k €	+7.6%	132,3 k €	+11.5%	118,7 k €
Total assets	396,3 k €	-14.1%	461,6 k €	-23.7%	604,9 k €	+45.2%	416,6 k €	-4.9%	437,9 k €	-8.7%	479,7 k €	-1.0%	484,6 k €	-1.0%	489,4 k €	-5.1%	515,5 k €	-26.1%	697,6 k €	+65.9%	420,4 k €	+72.0%	244,4 k €	+2.1%	239,4 k €	+53.6%	155,9 k €	+9.4%	142,4 k €	+7.0%	133,1 k €	+12.0%	118,8 k €
Cash	125,9 k €	-9.9%	139,7 k €	-48.7%	272,4 k €	+638%	36,9 k €	-29.3%	52,2 k €	+7.0%	48,8 k €	+27.0%	38,4 k €	+30.6%	29,4 k €	-26.8%	40,2 k €	-81.8%	220,8 k €	+1443%	14,3 k €	+202%	4,7 k €	+20.3%	3,9 k €	-70.7%	13,5 k €	+77.7%	7,6 k €	+36.9%	5,5 k €	+617%	772,2 €
Debts	85,0 k €	-40.3%	142,3 k €	-40.6%	239,5 k €	-8.9%	263,0 k €	-3.3%	271,8 k €	-8.4%	296,7 k €	-1.8%	302,2 k €	-0.8%	304,6 k €	-9.5%	336,7 k €	-34.4%	513,2 k €	+45.9%	351,7 k €	+120%	159,8 k €	+110%	76,0 k €	+4304%	1,7 k €	+2057%	80,0 €	-89.6%	770,1 €	+541%	120,2 €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

Gwendy Aerts

Director · since 18 mai 2020 · until 27 juin 2026

Active

Julia Desaeger

Director · since 18 mai 2020 · until 27 juin 2026

Active

Wilfried Aerts

Managing director · since 18 mai 2020 · until 27 juin 2026

Active

Ended mandates

Gwendy Aerts

Director · since 18 mai 2020 · until 17 mai 2026

Ended

Julia Desaeger

Director · since 18 mai 2020 · until 17 mai 2026

Ended

Wilfried Aerts

Managing director · since 18 mai 2020 · until 17 mai 2026

Ended

Gwendy Aerts

Director · since 18 mai 2014 · until 17 mai 2020

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	09/07/2026	18/06/2025	29/07/2024	24/07/2023	18/07/2022	28/07/2021
General meeting	27/06/2026	06/06/2025	12/07/2024	24/06/2023	30/06/2022	30/06/2021
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
Micro model	31/12/2025	27/06/2026	09/07/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Micro model	31/12/2023	12/07/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	24/06/2023	24/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	18/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	28/07/2021	Dutch	PDF
Micro model	31/12/2019	07/09/2020	06/10/2020	Dutch	PDF
Micro model	31/12/2018	29/06/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	11/07/2018	Dutch	PDF
Micro model	31/12/2016	24/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	22/06/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	12/09/2015	21/09/2015	Dutch	PDF
Abridged model	31/12/2013	15/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	16/09/2013	26/09/2013	Dutch	PDF
Abridged model	31/12/2011	23/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/05/2011	23/05/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	28/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/05/2009	16/06/2009	Dutch	PDF
Abridged model	31/12/2007	17/05/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 3 active · 15 ended

Active mandates

Gwendy Aerts

Director · since 18 mai 2020 · until 27 juin 2026

Active

Julia Desaeger

Director · since 18 mai 2020 · until 27 juin 2026

Active

Wilfried Aerts

Managing director · since 18 mai 2020 · until 27 juin 2026

Active

Ended mandates

Gwendy Aerts

Director · since 18 mai 2020 · until 17 mai 2026

Ended

Julia Desaeger

Director · since 18 mai 2020 · until 17 mai 2026

Ended

Wilfried Aerts

Managing director · since 18 mai 2020 · until 17 mai 2026

Ended

Gwendy Aerts

Director · since 18 mai 2014 · until 17 mai 2020

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office24/09/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/01/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office25/01/2012
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - DIVERSEN
PDF
Mandates03/07/2008
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring24/01/2007
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring21/11/2006
DIVERSEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 2025-12,9 k €↓
2024
Annual accounts 2024-12,2 k €↓
2023
Annual accounts 2023208,0 k €↑
2022
Annual accounts 2022-14,7 k €↓
2021
Annual accounts 2021-9,8 k €↓
2021
Name changeCEA
2018
Annual accounts 2018-3,0 k €↑
2017
Annual accounts 2017-4,6 k €↓
2016
Annual accounts 20164,1 k €↑
2015
Annual accounts 2015-3,4 k €↓
2014
Annual accounts 201479,2 k €↑
2013
Annual accounts 2013-20,2 k €↓
2012
Annual accounts 20123,8 k €↓
2011
Annual accounts 20119,2 k €↓
2010
Annual accounts 201011,8 k €↑
2009
Annual accounts 200910,0 k €↓
2008
Annual accounts 200813,6 k €↑
2007
Annual accounts 20076,5 k €
2007
Name changeC.E.A.
12/06/1986
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

C.E.A.

Overview

What does C.E.A. do?

Trend over 17 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