ACTIVE

CEILING SYSTEMS

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Financial year 2024 · closed on 31/12/2024

Net result

120,4 k €

+54.2% YoY

Gross margin

173,2 k €

+7.7% YoY

Equity

990,9 k €

+13.8% YoY

Workforce

0,8 ETP

0.0% YoY

What does CEILING SYSTEMS do?

CEILING SYSTEMS is a Public limited company incorporated in 1989. Its main activity is: Joinery installation. Its registered office is in Hasselt. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.953.317

Incorporation

18/07/1989

Legal form

Public limited company

Registered office

Rootstraat 93 box 1
3510 Hasselt · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Average workforce

0,8 ETP

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 43990Other specialised construction activities n.e.c.43999Other specialised construction activities n.e.c.45250Maintenance and repair of motor vehicles 45421Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	173,2 k €	+7.7%	160,7 k €	-38.7%	262,4 k €	+82.3%	143,9 k €	+430%	-43,6 k €	-109%	482,2 k €	+293%	122,6 k €	+18.0%	103,9 k €	+30.6%	79,6 k €	+86.5%	42,7 k €	-46.2%	79,3 k €	-47.7%	151,7 k €	+15.7%	131,2 k €	+8.6%	120,8 k €	+25.2%	96,5 k €	-24.3%	127,5 k €	+4.0%	122,6 k €	-37.1%	194,7 k €	-22.5%	251,1 k €
EBITDA	145,9 k €	+36.8%	106,7 k €	-47.1%	201,6 k €	+112%	95 k €	+228%	-74,4 k €	-117%	430,6 k €	+595%	62 k €	+61.3%	38,4 k €	+115%	17,9 k €	+731%	-2,8 k €	-108%	35,3 k €	-45.9%	65,2 k €	+91.9%	34 k €	+32.4%	25,7 k €	+202%	8,5 k €	-75.6%	34,8 k €	+153%	13,7 k €	-71.4%	48 k €	-32.1%	70,7 k €
Operating result	143,8 k €	+36.5%	105,3 k €	-47.6%	201,1 k €	+112%	94,8 k €	+226%	-75,3 k €	-118%	428,2 k €	+620%	59,5 k €	+78.6%	33,3 k €	+167%	12,5 k €	+251%	-8,3 k €	-129%	28,8 k €	-51.2%	59,1 k €	+107%	28,6 k €	+43.6%	19,9 k €	+293%	-10,3 k €	-136%	29 k €	+241%	8,5 k €	-80.2%	43 k €	-34.4%	65,5 k €
Net result	120,4 k €	+54.2%	78,1 k €	-53.7%	168,8 k €	+112%	79,7 k €	+148%	-167,4 k €	-141%	409,7 k €	+646%	54,9 k €	+130%	23,9 k €	+156%	9,4 k €	+808%	1 k €	-96.4%	28,6 k €	+47097%	60,7 €	-99.9%	105,1 k €	+977%	9,8 k €	+194%	-10,3 k €	-186%	12 k €	+257%	-7,7 k €	-1042%	-673 €	-101%	57,4 k €
Balance sheet
Equity	990,9 k €	+13.8%	870,5 k €	+9.9%	792,4 k €	+27.1%	623,6 k €	+14.6%	544 k €	-23.5%	711,3 k €	+136%	301,6 k €	+22.3%	246,7 k €	+10.7%	222,8 k €	+4.4%	213,4 k €	+0.5%	212,4 k €	+15.6%	183,7 k €	+0.0%	183,7 k €	+134%	78,6 k €	+14.2%	68,9 k €	-13.1%	79,2 k €	+17.9%	67,2 k €	-10.3%	74,9 k €	-0.9%	75,5 k €
Total assets	2,2 M €	+54.1%	1,5 M €	+14.1%	1,3 M €	+11.3%	1,1 M €	+11.6%	1 M €	-3.3%	1,1 M €	+49.9%	709,5 k €	+49.1%	476 k €	+35.0%	352,6 k €	-12.3%	402,1 k €	-7.6%	435,3 k €	+5.0%	414,4 k €	-24.2%	546,8 k €	+20.2%	454,8 k €	+0.8%	451,2 k €	+39.9%	322,6 k €	-40.5%	541,8 k €	+24.9%	433,9 k €	+38.2%	313,9 k €
Cash	1,5 M €	+105%	747,7 k €	-12.5%	854,3 k €	+6.4%	802,9 k €	+7.5%	746,9 k €	-2.7%	767,2 k €	+210%	247,3 k €	-16.3%	295,3 k €	+603%	42 k €	+18.8%	35,3 k €	-38.5%	57,4 k €	+34.8%	42,6 k €	-54.0%	92,6 k €	+60.4%	57,7 k €	-34.2%	87,7 k €	+24.1%	70,7 k €	+40.3%	50,4 k €	+12098%	413 €	-99.1%	46,1 k €
Debts	1,2 M €	+103%	587,5 k €	+21.2%	484,9 k €	-7.5%	524,3 k €	+8.2%	484,4 k €	+37.6%	352 k €	-13.6%	407,2 k €	+77.6%	229,4 k €	+76.6%	129,9 k €	-30.9%	188,1 k €	-15.6%	222,9 k €	-3.4%	230,7 k €	-35.9%	359,9 k €	-4.3%	376,2 k €	-1.6%	382,3 k €	+57.1%	243,4 k €	-46.2%	452,1 k €	+25.9%	359,1 k €	+50.6%	238,4 k €
Other
Workforce	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-20.0%	1,0 ETP	-23.1%	1,3 ETP	-13.3%	1,5 ETP	-6.3%	1,6 ETP	+60.0%	1,0 ETP	0.0%	1,0 ETP	-44.4%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	-16.7%	2,4 ETP	+20.0%	2,0 ETP	-13.0%	2,3 ETP	-32.4%	3,4 ETP	-32.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 15 ended

Active mandates

ANDY REECKMANS

Director · since 28 août 2018 · until 28 août 2024

Active

JOHAN PAENHUYSEN

Director · since 28 août 2018 · until 28 août 2024

Active

NITICO

Managing director · since 28 août 2018 · until 28 août 2024 · 0478.560.881

Represented by JOHAN PAENHUYSEN

Active

Ended mandates

NITICO

Managing director · since 28 août 2018 · until 28 août 2024 · 0478.560.881

Represented by JOHAN PAENHUYSEN

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · until 01 janvier 2021 · 0561.776.488

Represented by ANDY REECKMANS

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · until 01 janvier 2021 · 0561.776.488

Represented by ANDY REECKMANS

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · 0561.776.488

Represented by ANDY REECKMANS

Ended

At this address

Other companies at this address

Company	CBE no.
COPATECH● Active	0889.729.530
C.S.I. CONSTRUCT● Active	0862.428.879
NITICO● Active	0478.560.881

Annual accounts

Full financial information

	2024	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	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2025	31/08/2024	31/08/2023	21/08/2022	30/08/2021	31/08/2020
General meeting	21/06/2025	25/05/2024	27/05/2023	25/06/2022	26/06/2021	27/06/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	21/06/2025	31/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/05/2024	31/08/2024	Dutch	PDF
Abridged model	31/12/2022	27/05/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	21/08/2022	Dutch	PDF
Abridged model	31/12/2020	26/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	27/06/2020	31/08/2020	Dutch	PDF
Abridged model	31/12/2018	29/06/2019	17/08/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	30/08/2018	Dutch	PDF
Abridged model	31/12/2016	27/05/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	18/06/2016	29/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/06/2015	28/08/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	25/07/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	24/07/2013	Dutch	PDF
Abridged model	31/12/2011	28/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	28/05/2011	10/08/2011	Dutch	PDF
Abridged model	31/12/2009	29/05/2010	19/08/2010	Dutch	PDF
Abridged model	31/12/2008	30/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	19/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 3 active · 15 ended

Active mandates

ANDY REECKMANS

Director · since 28 août 2018 · until 28 août 2024

Active

JOHAN PAENHUYSEN

Director · since 28 août 2018 · until 28 août 2024

Active

NITICO

Managing director · since 28 août 2018 · until 28 août 2024 · 0478.560.881

Represented by JOHAN PAENHUYSEN

Active

Ended mandates

NITICO

Managing director · since 28 août 2018 · until 28 août 2024 · 0478.560.881

Represented by JOHAN PAENHUYSEN

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · until 01 janvier 2021 · 0561.776.488

Represented by ANDY REECKMANS

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · until 01 janvier 2021 · 0561.776.488

Represented by ANDY REECKMANS

Ended

COMPARE PROJECTS

Director · since 01 janvier 2015 · 0561.776.488

Represented by ANDY REECKMANS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/08/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/02/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/06/2007
MAATSCHAPPELIJKE ZETEL - ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL
PDF
Registered office11/02/2004
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - MAATSCHAPPELIJKE ZETEL
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

2024
Annual accounts 2024120,4 k €↑
2023
Annual accounts 202378,1 k €↓
2022
Annual accounts 2022168,8 k €↑
2021
Annual accounts 202179,7 k €↑
2020
Annual accounts 2020-167,4 k €↓
2019
Annual accounts 2019409,7 k €↑
2018
Annual accounts 201854,9 k €↑
2017
Annual accounts 201723,9 k €↑
2016
Annual accounts 20169,4 k €↑
2015
Annual accounts 20151 k €↓
2014
Annual accounts 201428,6 k €↑
2013
Annual accounts 201360,7 €↓
2012
Annual accounts 2012105,1 k €↑
2011
Annual accounts 20119,8 k €↑
2010
Annual accounts 2010-10,3 k €↓
2009
Annual accounts 200912 k €↑
2008
Annual accounts 2008-7,7 k €↓
2007
Annual accounts 2007-673 €↓
2006
Annual accounts 200657,4 k €
18/07/1989
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

CEILING SYSTEMS

Overview

What does CEILING SYSTEMS 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