ACTIVE

CETI IMMO

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Financial year 2025 · closed on 31/12/2025

Net result

28,6 k €

+21.8% YoY

Gross margin

86,9 k €

+10.4% YoY

Equity

128,1 k €

-17.1% YoY

What does CETI IMMO do?

CETI IMMO is a Public limited company incorporated in 1988. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.914.247

Incorporation

03/08/1988

Legal form

Public limited company

Registered office

Rue du Têris 60
4100 Seraing · WallonieSee on map

Contributed capital

91 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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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
Gross margin	86,9 k €	+10.4%	78,7 k €	+10.2%	71,4 k €	-2.6%	73,3 k €	+1.7%	72,1 k €	+17.9%	61,1 k €	-21.5%	77,9 k €	+8.7%	71,6 k €	+7.9%	66,4 k €	+6.3%	62,4 k €	-22.0%	80,1 k €	-18.6%	98,4 k €	-76.4%	416,5 k €	-28.9%	586,1 k €	-8.3%	639,4 k €	+32.9%	481,2 k €	+10.2%	436,5 k €	+22.0%	357,8 k €	+0.0%	357,8 k €	+1.7%	351,8 k €
EBITDA	77,5 k €	+10.7%	70 k €	+10.6%	63,3 k €	-3.8%	65,8 k €	+1.7%	64,7 k €	+19.9%	53,9 k €	-23.6%	70,6 k €	+14.4%	61,7 k €	+23.1%	50,1 k €	-8.8%	54,9 k €	-0.2%	55 k €	-20.8%	69,5 k €	-48.2%	134,1 k €	-11.1%	150,9 k €	-20.6%	190,1 k €	+438%	35,3 k €	-62.5%	94,2 k €	+54.5%	61 k €	+0.0%	61 k €	-36.3%	95,8 k €
Operating result	45,2 k €	+31.2%	34,5 k €	-6.0%	36,7 k €	-5.5%	38,8 k €	+2.9%	37,7 k €	+39.9%	27 k €	-38.1%	43,6 k €	+22.1%	35,7 k €	+113%	16,7 k €	+43.6%	11,7 k €	-5.8%	12,4 k €	-49.9%	24,7 k €	-70.7%	84,3 k €	+3.8%	81,2 k €	-33.1%	121,5 k €	+461%	-33,6 k €	-193%	36,2 k €	+63.3%	22,2 k €	+0.0%	22,2 k €	-49.8%	44,2 k €
Net result	28,6 k €	+21.8%	23,5 k €	-15.4%	27,7 k €	-3.3%	28,7 k €	+5.5%	27,2 k €	+47.2%	18,5 k €	-38.8%	30,2 k €	+40.0%	21,6 k €	+218%	6,8 k €	+6.4%	6,4 k €	+0.9%	6,3 k €	-16.0%	7,5 k €	-84.7%	49,2 k €	+2.4%	48 k €	-39.8%	79,7 k €	+294%	-41 k €	-1207%	3,7 k €	-73.3%	13,9 k €	+0.0%	13,9 k €	-47.9%	26,6 k €
Balance sheet
Equity	128,1 k €	-17.1%	154,6 k €	-10.2%	172,1 k €	-4.6%	180,4 k €	+18.1%	152,7 k €	+20.7%	126,5 k €	-39.5%	209,1 k €	+10.1%	189,9 k €	-4.7%	199,3 k €	-16.4%	238,6 k €	-21.6%	304,1 k €	-13.0%	349,7 k €	+1.6%	344,1 k €	-2.2%	351,9 k €	+13.8%	309,2 k €	+11.0%	278,5 k €	-3.2%	287,8 k €	+1.0%	285 k €	+8.2%	263,4 k €	+3.6%	254,3 k €
Total assets	349,1 k €	-10.5%	390 k €	+49.7%	260,5 k €	-3.9%	271 k €	-8.1%	294,8 k €	-12.7%	337,8 k €	+0.9%	334,9 k €	-6.3%	357,4 k €	-16.4%	427,3 k €	-22.1%	548,3 k €	-31.7%	803,3 k €	+5.8%	759,4 k €	-26.7%	1 M €	+5.5%	982,3 k €	-3.0%	1 M €	+8.6%	932,7 k €	+10.9%	840,9 k €	-31.0%	1,2 M €	+63.2%	746,6 k €	+4.1%	717,5 k €
Cash	11,3 k €	-44.7%	20,4 k €	-9.0%	22,5 k €	-26.0%	30,4 k €	+2.2%	29,7 k €	-28.5%	41,6 k €	+464%	7,4 k €	-18.7%	9,1 k €	-86.8%	68,7 k €	+10.4%	62,2 k €	-33.8%	94,1 k €	+222%	29,2 k €	-82.6%	168,1 k €	+105%	81,8 k €	-5.9%	86,9 k €	+311%	21,2 k €	+14.1%	18,5 k €	-75.9%	76,9 k €	+28073%	273 €	-85.4%	1,9 k €
Debts	219,8 k €	-6.2%	234,3 k €	+165%	88,3 k €	-2.5%	90,6 k €	-36.3%	142,1 k €	-32.7%	211,3 k €	+67.9%	125,9 k €	-24.7%	167,2 k €	-26.7%	228 k €	-26.4%	309,7 k €	-38.0%	499,2 k €	+21.9%	409,7 k €	-40.8%	692,6 k €	+9.9%	630,4 k €	-10.4%	703,9 k €	+7.6%	654,2 k €	+18.3%	553,2 k €	-40.8%	933,7 k €	+94.6%	479,9 k €	+4.4%	459,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		6,1 ETP	-32.2%	9,0 ETP	-13.5%	10,4 ETP	+18.2%	8,8 ETP	+6.0%	8,3 ETP	+18.6%	7,0 ETP	0.0%	7,0 ETP	+11.1%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Calogero Grillo Busuito

Mandate

Active

Michael Grillo Busuito

Mandate

Active

Ended mandates

Antoine DEBRUYNE

Administrator - manager · since 01 janvier 2000

Ended

Benedeta Traina

Mandate

Ended

Nicolas Grillo

Managing director

Ended

NICOLAS GRILLO-BUSIUTO

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
CONSTRUCTION, ENTRETIEN, TUYAUTERIE INDUSTRIELLE● Active	0543.585.129
ML GROUP● Active	1018.782.585

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro 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	19/06/2026	18/07/2025	13/08/2024	26/09/2023	29/08/2022	29/06/2021
General meeting	11/06/2026	30/06/2025	24/07/2024	25/08/2023	22/07/2022	02/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	11/06/2026	19/06/2026	French	PDF
Micro model	31/12/2024	30/06/2025	18/07/2025	French	PDF
Micro model	31/12/2023	24/07/2024	13/08/2024	French	PDF
Micro model	31/12/2022	25/08/2023	26/09/2023	French	PDF
Micro model	31/12/2021	22/07/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	02/06/2021	29/06/2021	French	PDF
Abridged model	31/12/2019	26/11/2020	30/11/2020	French	PDF
Abridged model	31/12/2018	30/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	30/06/2018	22/08/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	30/08/2017	French	PDF
Abridged model	31/12/2015	08/06/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	29/08/2014	French	PDF
Abridged modelCorrection	31/12/2012	25/06/2013	06/09/2013	French	PDF
Abridged model	31/12/2012	30/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	26/06/2012	02/08/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	20/12/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	03/10/2011	French	PDF
Abridged model	31/12/2008	30/06/2009	09/09/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	29/09/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	04/09/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 4 ended

Active mandates

Calogero Grillo Busuito

Mandate

Active

Michael Grillo Busuito

Mandate

Active

Ended mandates

Antoine DEBRUYNE

Administrator - manager · since 01 janvier 2000

Ended

Benedeta Traina

Mandate

Ended

Nicolas Grillo

Managing director

Ended

NICOLAS GRILLO-BUSIUTO

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Restructuring06/01/2014
DENOMINATION - OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring10/07/2013
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates29/07/2011
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates18/04/2008
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 202528,6 k €↑
2025
Name changeCETI
2024
Annual accounts 202423,5 k €↓
2023
Annual accounts 202327,7 k €↓
2022
Annual accounts 202228,7 k €↑
2021
Annual accounts 202127,2 k €↑
2020
Annual accounts 202018,5 k €↓
2019
Annual accounts 201930,2 k €↑
2018
Annual accounts 201821,6 k €↑
2017
Annual accounts 20176,8 k €↑
2016
Annual accounts 20166,4 k €↑
2015
Annual accounts 20156,3 k €↓
2014
Annual accounts 20147,5 k €↓
2013
Annual accounts 201349,2 k €↑
2013
Name changeCETI IMMO
2012
Annual accounts 201248 k €↓
2011
Annual accounts 201179,7 k €↑
2010
Annual accounts 2010-41 k €↓
2009
Annual accounts 20093,7 k €↓
2008
Annual accounts 200813,9 k €↑
2007
Annual accounts 200713,9 k €↓
2006
Annual accounts 200626,6 k €
2006
Name changeCONSTRUCTION, ENTRETIEN, TUYAUTERIE, INDUSTRIELLE
03/08/1988
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

CETI IMMO

Overview

What does CETI IMMO do?

Trend over 20 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