ACTIVE

CERSA

Export PDF

Financial year 2024 · closed on 31/12/2024

Net result

355,2 k €

+61.7% YoY

Gross margin

680,8 k €

+40.9% YoY

Equity

155,4 k €

-22.4% YoY

Workforce

2,2 ETP

+10.0% YoY

What does CERSA do?

CERSA is a Public limited company incorporated in 1989. Its main activity is: Manufacture of basic iron and steel and of ferro-alloys. Its registered office is in Mouscron. It employs on average 2,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0438.349.829

Incorporation

08/09/1989

Legal form

Public limited company

Registered office

Rue du Mont-Gallois 54
7700 Mouscron · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2024

Average workforce

2,2 ETP

Activities (NACE)

24100Manufacture of basic iron and steel and of ferro-alloys· main 24100Manufacture of basic iron and steel and of ferro-alloys 27100Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus 46649Wholesale of machinery for the textile industry and of sewing and knitting machines 46699Wholesale of other machinery and equipment 51872Air transport

Joint committees (3)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	680,8 k €	+40.9%	483,2 k €	+18.6%	407,3 k €	-16.3%	486,5 k €	+38.4%	351,5 k €	+77.6%	198 k €	+1.0%	195,9 k €	-17.8%	238,3 k €	-0.1%	238,5 k €	-24.8%	317,2 k €	-53.8%	685,9 k €	+183%	242,1 k €	+17.7%	205,7 k €	-21.0%	260,2 k €	+36.9%	190 k €	-52.4%	399,3 k €
EBITDA	546,1 k €	+56.2%	349,6 k €	+21.1%	288,6 k €	-20.7%	364 k €	+76.8%	205,9 k €	+131%	89,2 k €	+4.6%	85,2 k €	-49.2%	167,7 k €	+101%	83,4 k €	-48.7%	162,4 k €	-60.3%	408,8 k €	+250%	116,9 k €	-6.7%	125,3 k €	-1.2%	126,9 k €	-50.2%	254,5 k €	+22.1%	208,4 k €
Operating result	485,9 k €	+62.7%	298,7 k €	+34.4%	222,2 k €	-17.5%	269,4 k €	+76.9%	152,2 k €	+211%	48,9 k €	+6.9%	45,8 k €	-67.5%	140,9 k €	+186%	49,3 k €	-44.4%	88,7 k €	-71.3%	309,6 k €	+339%	70,5 k €	+6.2%	66,4 k €	+32.6%	50,1 k €	-64.2%	139,7 k €	+102%	69 k €
Net result	355,2 k €	+61.7%	219,7 k €	+46.9%	149,6 k €	-22.8%	193,8 k €	+111%	91,7 k €	+177%	33,1 k €	+34.7%	24,6 k €	-59.3%	60,3 k €	+81.8%	33,2 k €	-62.6%	88,6 k €	-64.8%	251,7 k €	+414%	49 k €	+36.7%	35,8 k €	+50.9%	23,7 k €	+44.7%	16,4 k €	-46.5%	30,6 k €
Balance sheet
Equity	155,4 k €	-22.4%	200,2 k €	+10.9%	180,6 k €	-64.4%	507,5 k €	-5.3%	535,7 k €	+19.8%	447,1 k €	+11.9%	399,6 k €	-54.5%	877,9 k €	+7.1%	819,8 k €	+3.7%	790,8 k €	+10.2%	717,5 k €	+30.2%	551,1 k €	+20.9%	455,9 k €	+7.2%	425,4 k €	+4.1%	408,6 k €	+26.8%	322,4 k €
Total assets	1,7 M €	+18.6%	1,4 M €	-16.5%	1,7 M €	-17.2%	2,1 M €	+38.2%	1,5 M €	-9.8%	1,7 M €	+18.7%	1,4 M €	-27.8%	1,9 M €	-4.8%	2 M €	+7.8%	1,9 M €	+3.7%	1,8 M €	+8.0%	1,7 M €	+17.0%	1,4 M €	-7.3%	1,6 M €	+8.2%	1,4 M €	+23.0%	1,2 M €
Cash	606,7 k €	+265%	166,4 k €	-72.9%	614,1 k €	+5.7%	580,9 k €	+110%	276,6 k €	-26.3%	375,5 k €	+28.0%	293,3 k €	-28.8%	411,7 k €	+48.0%	278,2 k €	-40.8%	469,8 k €	+34.8%	348,4 k €	-13.2%	401,3 k €	-0.6%	403,5 k €	+685%	51,4 k €	-31.7%	75,3 k €	-66.4%	223,9 k €
Debts	1,2 M €	+32.3%	891,8 k €	-26.5%	1,2 M €	-4.6%	1,3 M €	+73.9%	731,5 k €	-28.0%	1 M €	+27.0%	799,6 k €	-6.8%	857,7 k €	-12.1%	975,6 k €	+15.4%	845,4 k €	-5.5%	894,7 k €	-13.6%	1 M €	+13.6%	912,1 k €	-13.5%	1,1 M €	+6.3%	992,1 k €	+47.8%	671 k €
Other
Workforce	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-4.8%	2,1 ETP	-22.2%	2,7 ETP	-15.6%	3,2 ETP	+28.0%	2,5 ETP	+8.7%	2,3 ETP	+4.5%	2,2 ETP	0.0%	2,2 ETP	0.0%	2,2 ETP	+4.8%	2,1 ETP	0.0%	2,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 10 ended

Active mandates

FREVAN ENGINEERING

Managing director · 0471.392.086

Represented by Freddy Vanmeenen

Active

Laurent Vanmeenen

Managing director

Active

Ended mandates

FREVAN ENGINEERING

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0471.392.086

Represented by Vanmeenen Freddy

Ended

Laurent Vanmeenen

Managing director · since 21 juin 2019 · until 20 juin 2025

Ended

FREVAN ENGINEERING

Managing director · since 21 juin 2013 · until 21 juin 2019 · 0471.392.086

Represented by Freddy VANMEENEN

Ended

Laurent VANMEENEN

Managing director · since 21 juin 2013 · until 21 juin 2019

Ended

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	18/07/2025	24/06/2024	13/07/2023	23/06/2022	20/07/2021	27/07/2020
General meeting	20/06/2025	21/06/2024	16/06/2023	17/06/2022	30/06/2021	10/07/2020
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	20/06/2025	18/07/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	24/06/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	23/06/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	20/07/2021	French	PDF
Abridged model	31/12/2019	10/07/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	09/07/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	13/07/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	10/07/2017	French	PDF
Abridged model	31/12/2015	30/06/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	18/07/2014	28/07/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	19/07/2013	French	PDF
Abridged model	30/04/2011	31/10/2011	29/11/2011	French	PDF
Abridged model	30/04/2010	25/11/2010	01/12/2010	French	PDF
Abridged model	30/04/2009	30/10/2009	30/11/2009	French	PDF
Abridged model	30/04/2008	31/10/2008	04/11/2008	French	PDF
Abridged model	30/04/2007	26/10/2007	23/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 10 ended

Active mandates

FREVAN ENGINEERING

Managing director · 0471.392.086

Represented by Freddy Vanmeenen

Active

Laurent Vanmeenen

Managing director

Active

Ended mandates

FREVAN ENGINEERING

Managing director · since 21 juin 2019 · until 20 juin 2025 · 0471.392.086

Represented by Vanmeenen Freddy

Ended

Laurent Vanmeenen

Managing director · since 21 juin 2019 · until 20 juin 2025

Ended

FREVAN ENGINEERING

Managing director · since 21 juin 2013 · until 21 juin 2019 · 0471.392.086

Represented by Freddy VANMEENEN

Ended

Laurent VANMEENEN

Managing director · since 21 juin 2013 · until 21 juin 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2026
RENOMINATIONS
PDF
Restructuring16/08/2022
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring09/06/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates26/09/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2013
DEMISSIONS, NOMINATIONS
PDF
Other04/05/2012
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates23/01/2009
DEMISSIONS, NOMINATIONS
PDF
Registered office18/12/2007
SIEGE SOCIAL
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 2024355,2 k €↑
2023
Annual accounts 2023219,7 k €↑
2022
Annual accounts 2022149,6 k €↓
2021
Annual accounts 2021193,8 k €↑
2018
Annual accounts 201891,7 k €↑
2017
Annual accounts 201733,1 k €↑
2016
Annual accounts 201624,6 k €↓
2015
Annual accounts 201560,3 k €↑
2014
Annual accounts 201433,2 k €↓
2013
Annual accounts 201388,6 k €↓
2012
Annual accounts 2012251,7 k €↑
2011
Annual accounts 201149 k €↑
2010
Annual accounts 201035,8 k €↑
2009
Annual accounts 200923,7 k €↑
2008
Annual accounts 200816,4 k €↓
2007
Annual accounts 200730,6 k €
08/09/1989
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

CERSA

Overview

What does CERSA do?

Trend over 16 financial years

Indicative valuation

Board of directors

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