ACTIVE

Cegelec Electrical Solutions

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Financial year 2025 · Closed on 31/12/2025

Net result4,5 M €+166,9 %over 1 year

Revenue73,9 M €+218,3 %over 1 year

Equity15,2 M €+215,7 %over 1 year

Workforce237,9 ETP+217,6 %over 1 year

Identity

Source · BCE/KBO

Cegelec Electrical Solutions is a Public limited company incorporated in 1986. Its main activity is: Electrical installation. Its registered office is in Bruxelles. It employs on average 237,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0431.998.111
Incorporation: 15/09/1986
Legal form: Public limited company
Registered office: Avenue du Bourget 44
1130 Bruxelles · BruxellesSee on map
Contributed capital: 10 004 020,00 €
Latest accounts: 31/12/2025
Average workforce: 237,9 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (4)

149
14901
200
218

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 23 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	73,9 M €	+218%	23,2 M €	-11.2%	26,1 M €	+17.7%	22,2 M €	+1.1%	22 M €
EBITDA	5,7 M €	+179%	2,1 M €	-5.9%	2,2 M €	+83.0%	1,2 M €	+10.8%	1,1 M €
Operating result	5,5 M €	+178%	2 M €	-4.1%	2,1 M €	+92.2%	1,1 M €	-8.2%	1,2 M €
Net result	4,5 M €	+167%	1,7 M €	+0.6%	1,7 M €	+129%	733,2 k €	+3.7%	706,9 k €
Balance sheet
Equity	15,2 M €	+216%	4,8 M €	+0.2%	4,8 M €	+0.6%	4,8 M €	+5.1%	4,5 M €
Total assets	70,1 M €	+387%	14,4 M €	-12.4%	16,4 M €	+4.6%	15,7 M €	-0.2%	15,7 M €
Cash	37,6 M €	+288%	9,7 M €	-4.0%	10,1 M €	+2.8%	9,8 M €	-0.3%	9,8 M €
Debts	54,8 M €	+473%	9,6 M €	-17.6%	11,6 M €	+6.4%	10,9 M €	-2.3%	11,2 M €
Other
Workforce	237,9 ETP	+218%	74,9 ETP	+2.5%	73,1 ETP	+6.6%	68,6 ETP	-1.6%	69,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FILIP AERTS	Director01/01/2025 → 18/06/2030
HANNE MEERSMAN	Director01/01/2025 → 18/06/2030
OLIVIER RUYMEN	Managing director01/01/2025 → 18/06/2030
ANN HENDRICKX	Director09/03/2017 → 20/06/2028
FABRICE MONTESI	Director21/06/2022 → 20/06/2028Managing director09/03/2017 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE-PASCALE KOEUNE	Director21/06/2022 → 2022 accounts
BENNY VANDEVENNE	Director21/06/2022 → 2024 accounts
MARC LEMAIRE	Director21/06/2022 → 2024 accounts

Other companies at this address

Avenue du Bourget 44 1130 Bruxelles

Company	CBE no.
AXIANS AUDIOVISUAL BELGIUM● Active	0435.513.865
Axians-PRG● Active	1013.432.343
CEGELEC● Active	0402.031.346
CEGELEC CONTROL SYSTEMS & SERVICES● Active	0842.188.642
Cegelec Fire Solutions● Active	0844.082.716
Cegelec-Haulogy Energy● Active	1027.491.009
Cegelec Industry● Active	0539.891.310
Cegelec Putman TR 895361 RER● Active	0781.329.159
CEGELEC - VAN CLEEMPUT - CMI● Active	0565.909.876
CEGELEC-VMA-MARRONNIERS.● Active	1030.848.890
CEGELEC-VMA UZ GENT● Active	1024.624.262
CLAXCE● Active	0766.468.660
GPP Overseas● Active	1007.424.677
INTERNATIONAL POST CORPORATION● Active	0436.501.681
KAISER + KRAFT● Active	0414.348.960
RADISSON HOSPITALITY BELGIUM● Active	0442.832.318
RADISSON HOSPITALITY SERVICES● Active	0728.469.703
RADISSON LOYALTY MANAGEMENT● Active	0766.994.341
Radisson People Foundation● Active	1022.128.590
SM Agians● Active	0751.690.711

Full financial information

Source · NBB

	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	24/06/2026	04/11/2025	15/07/2024	22/06/2023	24/06/2022	28/06/2021
General meeting	10/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/06/2026	24/06/2026	French	PDF
Full model	31/12/2025	10/06/2026	24/06/2026	Dutch	PDF
Full modelCorrection	31/12/2024	17/06/2025	04/11/2025	Dutch	PDF
Full modelCorrection	31/12/2024	17/06/2025	16/10/2025	Dutch	PDF
Full model	31/12/2024	17/06/2025	11/07/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	22/06/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	24/06/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	28/06/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	02/07/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	25/06/2019	Dutch	PDF
Full model	31/12/2017	16/07/2018	02/08/2018	Dutch	PDF
Full model	31/12/2016	02/03/2017	10/03/2017	Dutch	PDF
Full model	31/12/2015	28/04/2016	11/05/2016	Dutch	PDF
Full model	31/12/2014	27/04/2015	12/05/2015	Dutch	PDF
Full model	31/12/2013	19/03/2014	27/03/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	01/07/2013	Dutch	PDF
Full model	31/12/2011	16/04/2012	24/04/2012	Dutch	PDF
Full model	31/12/2010	09/06/2011	30/06/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	12/07/2010	Dutch	PDF
Full model	31/12/2008	02/06/2009	28/07/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	14/07/2008	Dutch	PDF
Full model	31/12/2006	01/06/2007	24/07/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 15 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FILIP AERTS	Director01/01/2025 → 18/06/2030
HANNE MEERSMAN	Director01/01/2025 → 18/06/2030
OLIVIER RUYMEN	Managing director01/01/2025 → 18/06/2030
ANN HENDRICKX	Director09/03/2017 → 20/06/2028
FABRICE MONTESI	Director21/06/2022 → 20/06/2028Managing director09/03/2017 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANNE-PASCALE KOEUNE	Director21/06/2022 → 2022 accounts
BENNY VANDEVENNE	Director21/06/2022 → 2024 accounts
MARC LEMAIRE	Director21/06/2022 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/04/2025
KAPITAAL - AANDELEN
PDF
Capital / shares18/04/2025
CAPITAL, ACTIONS
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/02/2025
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings17 filings

Mandates

FILIP AERTS

HANNE MEERSMAN

OLIVIER RUYMEN

FABRICE MONTESI

ANN HENDRICKX

MARC LEMAIRE

BENNY VANDEVENNE

ANNE-PASCALE KOEUNE

EDWIN SAMYN

EDDY VANDERSMISSEN

BART ARTOIS

Pintohold

Show the 8 other mandates

198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

Cegelec Electrical SolutionsINSTALLATIETECHNIEK BELGIË

Avenue du Bourget 44, 1130 HarenBAARBEEK 8, 2070 Zwijndrecht

Director

Managing director

DirectorManaging director

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue du Bourget 44, 1130 HarenCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00200176
BAARBEEK 8, 2070 Zwijndrecht	accounts 2021 → 2023	Accounts 2023 · 2024-00258481

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Cegelec Electrical SolutionsCurrent	accounts 2024 → 2025	Accounts 2025 · 2026-00200176
INSTALLATIETECHNIEK BELGIË	accounts 2021 → 2023	Accounts 2023 · 2024-00258481

Events

2025
Annual accounts 20254,5 M €↑
17/06/2025
nominationEY Réviseurs d'Entreprises · commissaire
17/06/2025
nominationEY Bedrijfsrevisoren · commissaris
01/01/2025
augmentation_capital
01/01/2025
nominationOlivier RUYMEN · gedelegeerd bestuurder
01/01/2025
nominationOlivier RUYMEN · administrateur délégué
01/01/2025
nominationFilip AERTS · bestuurder
01/01/2025
nominationOlivier RUYMEN · bestuurder
01/01/2025
nominationHanne MEERSMAN · bestuurder
01/01/2025
apportVINCI Energies Belgium NV
01/01/2025
split
2024
Annual accounts 20241,7 M €↑
2024
Name changeCegelec Electrical Solutions
20/12/2024
apport
08/10/2024
nominationKathleen De Brabander · commissaire
08/10/2024
nominationSofian Milad · commissaire
2023
Annual accounts 20231,7 M €↑
20/06/2023
reconductionDeloitte Bedrijfsrevisoren · commissaris
31/03/2023
reconductionFabrice Montesi · Afgevaardigd Bestuurder
2022
Annual accounts 2022733,2 k €↑
21/06/2022
reconductionFabrice Montesi · bestuurder
21/06/2022
reconductionBenny Vandevenne · bestuurder
21/06/2022
reconductionMarc Lemaire · bestuurder
21/06/2022
reconductionAnn Hendrickx · bestuurder
21/06/2022
reconductionAnne-Pascale Koeune · bestuurder
21/06/2022
reconductionFabrice Montesi · gedelegeerd bestuurder
2021
Annual accounts 2021706,9 k €↓
2020
Annual accounts 2020881,5 k €↓
2019
Annual accounts 20191,4 M €↑
2018
Annual accounts 2018-1,1 M €↓
2016
Annual accounts 201618,1 k €↑
2015
Annual accounts 201512,4 k €↓
2014
Annual accounts 2014251,1 k €↑
2013
Annual accounts 2013239,8 k €↑
2012
Annual accounts 2012-236,7 k €↓
2011
Annual accounts 2011-99,3 k €↓
2010
Annual accounts 201094,3 k €↓
2009
Annual accounts 2009101,1 k €↓
2008
Annual accounts 2008237,4 k €
15/09/1986
IncorporationPublic limited company

Cegelec Electrical Solutions

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events