ACTIVE

CEDOX

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Financial year 2025 · closed on 31/03/2025

Net result

-1 M €

-265.0% YoY

Gross margin

1 M €

-63.8% YoY

Equity

1,2 M €

-46.8% YoY

Workforce

29,5 ETP

-30.4% YoY

What does CEDOX do?

CEDOX is a Public limited company incorporated in 1988. Its registered office is in Wevelgem. It employs on average 29,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.445.182

Incorporation

30/05/1988

Legal form

Public limited company

Registered office

Menenstraat 268
8560 Wevelgem · FlandreSee on map

Contributed capital

158 400,00 €

Latest accounts

31/03/2025

Average workforce

29,5 ETP

Joint committees (3)

119
201
20201

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	-63.8%	2,8 M €	+28.8%	2,2 M €	-6.6%	2,4 M €	+2.6%	2,3 M €	+9.8%	2,1 M €	-4.0%	2,2 M €	+2.3%	2,1 M €	+8.8%	2 M €	+23.2%	1,6 M €	-29.2%	2,2 M €	+63.9%	1,4 M €	-4.3%	1,4 M €	+4.6%	1,4 M €	+22.1%	1,1 M €	-0.7%	1,1 M €	-10.1%	1,3 M €	+9.6%	1,1 M €
EBITDA	-845,7 k €	-179%	1,1 M €	+30.9%	819,7 k €	-1.1%	829,1 k €	-3.0%	854,9 k €	+24.5%	686,4 k €	-5.6%	727,1 k €	+23.1%	590,5 k €	-20.3%	741,1 k €	+82.5%	406,2 k €	-36.4%	638,8 k €	+96.5%	325,1 k €	-9.1%	357,5 k €	-18.6%	439,2 k €	+37.1%	320,4 k €	+3.4%	309,8 k €	-29.2%	437,9 k €	+1.4%	432 k €
Operating result	-1 M €	-211%	924,3 k €	+49.0%	620,4 k €	+2.9%	603 k €	-6.2%	643,1 k €	+30.7%	492,1 k €	+1.0%	487,4 k €	+63.5%	298,2 k €	-32.1%	439,3 k €	+359%	95,6 k €	-13.8%	111 k €	-27.8%	153,6 k €	-11.0%	172,6 k €	-29.0%	243 k €	+137%	102,6 k €	+194%	34,9 k €	-77.8%	156,9 k €	-11.9%	178,2 k €
Net result	-1 M €	-265%	634,3 k €	+50.6%	421,2 k €	+2.9%	409,2 k €	+1.8%	402 k €	+34.6%	298,7 k €	+6.6%	280,3 k €	+74.3%	160,8 k €	-38.5%	261,5 k €	+584%	38,2 k €	+30.3%	29,3 k €	-68.7%	93,6 k €	-16.9%	112,6 k €	-27.8%	156 k €	+175%	56,7 k €	+609%	-11,1 k €	-111%	99 k €	-15.9%	117,8 k €
Balance sheet
Equity	1,2 M €	-46.8%	2,2 M €	+39.6%	1,6 M €	+35.6%	1,2 M €	+14.0%	1 M €	+18.0%	877,8 k €	+15.6%	759,2 k €	+11.8%	678,9 k €	+1.6%	668,1 k €	+24.5%	536,6 k €	-10.3%	598,4 k €	+5.2%	569,1 k €	+19.7%	475,5 k €	+31.0%	362,9 k €	-31.3%	528,5 k €	+12.0%	471,8 k €	-2.3%	483 k €	+25.8%	383,9 k €
Total assets	1,8 M €	-36.2%	2,9 M €	-15.7%	3,4 M €	+11.8%	3,1 M €	-12.3%	3,5 M €	+10.7%	3,2 M €	-2.1%	3,2 M €	-11.1%	3,6 M €	+8.7%	3,3 M €	-8.4%	3,6 M €	+6.9%	3,4 M €	+81.4%	1,9 M €	-17.4%	2,3 M €	-1.7%	2,3 M €	+18.7%	2 M €	-10.3%	2,2 M €	-11.1%	2,4 M €	-5.7%	2,6 M €
Cash	155,6 k €	-71.3%	541,7 k €	+2.6%	527,7 k €	-46.2%	980,2 k €	-22.0%	1,3 M €	+80.4%	696,6 k €	-13.8%	808 k €	-42.5%	1,4 M €	+149%	562,9 k €	-30.1%	805,4 k €	+15.6%	696,6 k €	+10.9%	628,4 k €	-28.9%	883,6 k €	-9.7%	978,1 k €	+78.0%	549,5 k €	+1.8%	539,5 k €	-11.5%	609,5 k €	-15.4%	720,5 k €
Debts	655,3 k €	+0.4%	652,9 k €	-63.2%	1,8 M €	-5.3%	1,9 M €	-22.3%	2,4 M €	+6.8%	2,3 M €	-8.6%	2,5 M €	-16.1%	2,9 M €	+10.3%	2,7 M €	-13.9%	3,1 M €	+10.5%	2,8 M €	+114%	1,3 M €	-27.2%	1,8 M €	-7.7%	2 M €	+38.3%	1,4 M €	-17.1%	1,7 M €	-13.3%	2 M €	-11.2%	2,2 M €
Other
Workforce	29,5 ETP	-30.4%	42,4 ETP	+5.5%	40,2 ETP	-14.3%	46,9 ETP	+4.5%	44,9 ETP	+1.1%	44,4 ETP	-5.3%	46,9 ETP	+15.5%	40,6 ETP	-8.4%	44,3 ETP	+27.3%	34,8 ETP	+7.4%	32,4 ETP	+4.5%	31,0 ETP	-4.6%	32,5 ETP	0.0%	32,5 ETP	+9.8%	29,6 ETP	-3.3%	30,6 ETP	+4.1%	29,4 ETP	+5.4%	27,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 5 active · 12 ended

Active mandates

Jo Willemyns

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Johan Vermeire

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Kris Castelein

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Stefaan Vandamme

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Stefan Goethaert

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Ended mandates

Jo Willemyns

Director · since 01 octobre 2023

Ended

Johan Vermeire

Director · since 01 octobre 2023

Ended

Kurt Castelein

Director · since 01 octobre 2023

Ended

Stefaan Vandamme

Director · since 01 octobre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
Servio● Liquidation	0420.399.681

Annual accounts

Full financial information

	2025	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	01/10/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018
Closing of the financial year	31/03/2025	30/09/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019
Length of the financial year	18 months	15 months	12 months	12 months	12 months	12 months
Filing date	07/10/2025	30/04/2024	31/01/2023	28/01/2022	28/01/2021	18/02/2020
General meeting	18/09/2025	15/02/2024	02/12/2022	03/12/2021	04/12/2020	06/12/2019
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	18/09/2025	07/10/2025	Dutch	PDF
Abridged model	30/09/2023	15/02/2024	30/04/2024	Dutch	PDF
Abridged model	30/06/2022	02/12/2022	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	03/12/2021	28/01/2022	Dutch	PDF
Abridged model	30/06/2020	04/12/2020	28/01/2021	Dutch	PDF
Abridged model	30/06/2019	06/12/2019	18/02/2020	Dutch	PDF
Abridged model	30/06/2018	07/12/2018	27/02/2019	Dutch	PDF
Abridged model	30/06/2017	01/12/2017	30/01/2018	Dutch	PDF
Abridged model	30/06/2016	02/12/2016	16/02/2017	Dutch	PDF
Abridged model	30/06/2015	04/12/2015	12/02/2016	Dutch	PDF
Abridged model	30/06/2014	05/12/2014	17/02/2015	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/01/2012	30/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	28/05/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/03/2025 · 5 active · 12 ended

Active mandates

Jo Willemyns

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Johan Vermeire

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Kris Castelein

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Stefaan Vandamme

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Stefan Goethaert

Director · since 01 octobre 2023 · until 20 septembre 2029

Active

Ended mandates

Jo Willemyns

Director · since 01 octobre 2023

Ended

Johan Vermeire

Director · since 01 octobre 2023

Ended

Kurt Castelein

Director · since 01 octobre 2023

Ended

Stefaan Vandamme

Director · since 01 octobre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other21/11/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates02/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other06/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BOEKJAAR
PDF
Mandates29/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other05/02/2014
BOEKJAAR
PDF
Capital / shares02/07/2010
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/11/2005
ONTSLAGEN - BENOEMINGEN
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 2025-1 M €↓
2023
Annual accounts 2023634,3 k €↑
2022
Annual accounts 2022421,2 k €↑
2021
Annual accounts 2021409,2 k €↑
2020
Annual accounts 2020402 k €↑
2019
Annual accounts 2019298,7 k €↑
2018
Annual accounts 2018280,3 k €↑
2017
Annual accounts 2017160,8 k €↓
2016
Annual accounts 2016261,5 k €↑
2015
Annual accounts 201538,2 k €↑
2014
Annual accounts 201429,3 k €↓
2012
Annual accounts 201293,6 k €↓
2011
Annual accounts 2011112,6 k €↓
2010
Annual accounts 2010156 k €↑
2009
Annual accounts 200956,7 k €↑
2008
Annual accounts 2008-11,1 k €↓
2007
Annual accounts 200799 k €↓
2006
Annual accounts 2006117,8 k €
30/05/1988
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

CEDOX

Overview

What does CEDOX do?

Trend over 18 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