ACTIVE

CEILING SYSTEMS

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Financial year 2024 · Closed on 31/12/2024

Net result120,4 k €+54,2 %over 1 year

Gross margin173,2 k €+7,7 %over 1 year

Equity990,9 k €+13,8 %over 1 year

Workforce0,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2024		2023		2022		2021		2020
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 €
EBITDA	145,9 k €	+36.8%	106,7 k €	-47.1%	201,6 k €	+112%	95 k €	+228%	-74,4 k €
Operating result	143,8 k €	+36.5%	105,3 k €	-47.6%	201,1 k €	+112%	94,8 k €	+226%	-75,3 k €
Net result	120,4 k €	+54.2%	78,1 k €	-53.7%	168,8 k €	+112%	79,7 k €	+148%	-167,4 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 €
Total assets	2,2 M €	+54.1%	1,5 M €	+14.1%	1,3 M €	+11.3%	1,1 M €	+11.6%	1 M €
Cash	1,5 M €	+105%	747,7 k €	-12.5%	854,3 k €	+6.4%	802,9 k €	+7.5%	746,9 k €
Debts	1,2 M €	+103%	587,5 k €	+21.2%	484,9 k €	-7.5%	524,3 k €	+8.2%	484,4 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

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANDY REECKMANS	Director18/12/2001 → 28/08/2024
JOHAN PAENHUYSEN	Director10/01/2012 → 28/08/2024Managing director02/01/2002 → 2016 accountsended
NITICO0478.560.881Represented by JOHAN PAENHUYSEN	Managing director10/01/2012 → 28/08/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
COMPARE PROJECTS0561.776.488Represented by ANDY REECKMANS	Director01/01/2015 → 2020 accounts
COPATECH0889.729.530Represented by JOHAN PAENHUYSEN	Director01/01/2015 → 2020 accounts

Other companies at this address

Rootstraat 93 3510 Hasselt

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2024

3 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ANDY REECKMANS	Director18/12/2001 → 28/08/2024
JOHAN PAENHUYSEN	Director10/01/2012 → 28/08/2024Managing director02/01/2002 → 2016 accountsended
NITICO0478.560.881Represented by JOHAN PAENHUYSEN	Managing director10/01/2012 → 28/08/2024

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
COMPARE PROJECTS0561.776.488Represented by ANDY REECKMANS	Director01/01/2015 → 2020 accounts
COPATECH0889.729.530Represented by JOHAN PAENHUYSEN	Director01/01/2015 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates01/08/2025
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates11/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other25/02/2016
aanstellen beheerders |
PDF
Mandates11/04/2012
ONTSLAGEN - BENOEMINGEN
PDF
Other01/06/2007
Wijziging maatschappelijke en exploitatiezete!
PDF
Registered office11/02/2004
ADRESSEN ANDERS DAN MAATSCHAPPELIJKE ZETEL - MAATSCHAPPELIJKE ZETEL
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

Filings19 filings

Mandates

NITICO

ANDY REECKMANS

JOHAN PAENHUYSEN

COMPARE PROJECTS

COPATECH

WILLY REECKMANS

19891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CEILING SYSTEMS

Rootstraat 93 bte 1, 3510 Kermt

Managing director

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rootstraat 93 bte 1, 3510 KermtCurrent	accounts 2021 → 2024	Accounts 2024 · 2025-00476868

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CEILING SYSTEMSCurrent	accounts 2021 → 2024	Accounts 2024 · 2025-00476868

Events

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

CEILING SYSTEMS

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