ACTIVE

CERM

Financial year 2026 · closed on 31/03/2026
Net result
1,5 M €
-11.8% YoY
Revenue
15,7 M €
+11.7% YoY
Equity
3,3 M €
+81.4% YoY
Workforce
45,1 ETP
-1.1% YoY

What does CERM do?

CERM is a Public limited company incorporated in 1990. Its main activity is: Computer programming activities. Its registered office is in Oostkamp. It employs on average 45,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0440.985.556
Incorporation
04/07/1990
Legal form
Public limited company
Registered office
Kapellestraat 130
8020 Oostkamp · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/03/2026
Average workforce
45,1 ETP
Joint committees (4)
  • 100
  • 200
  • 20000
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202620252024202320222020201920182017
Income statement
Revenue15,7 M €14 M €12,6 M €7,3 M €6,9 M €7 M €7,7 M €
EBITDA3,1 M €2,7 M €2,2 M €1,9 M €1,8 M €1,3 M €1 M €832,4 k €990,8 k €
Operating result2,3 M €2 M €1,7 M €1,5 M €1,6 M €1,1 M €751,8 k €567,2 k €652,3 k €
Net result1,5 M €1,7 M €1,2 M €1,4 M €1,4 M €730,4 k €447 k €232,6 k €382,8 k €
Balance sheet
Equity3,3 M €1,8 M €1,5 M €2,5 M €1,1 M €1,9 M €1,3 M €1,7 M €1,5 M €
Total assets13,6 M €12,9 M €7,5 M €6,3 M €5,7 M €3,3 M €2,7 M €3,2 M €2,7 M €
Cash1,2 M €2 M €1,6 M €2,2 M €3 M €1,4 M €713,6 k €925,9 k €726,3 k €
Debts10,1 M €10,9 M €5,9 M €3,8 M €4,2 M €1,3 M €1,4 M €1,5 M €1,2 M €
Other
Workforce45,1 ETP45,6 ETP48,5 ETP47,5 ETP44,4 ETP43,8 ETP41,4 ETP40,0 ETP35,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 27 ended

Active mandates

CERM INTERNATIONAL

Director · 0744.860.822

Represented by Jan Heyse

Active

Ended mandates

CERM INTERNATIONAL

Director · since 13 juillet 2021 · 0744.860.822

Represented by Geert Van Damme

Ended
Active Capital

Director · since 31 juillet 2020 · until 13 juillet 2021 · 0744.709.085

Represented by Jan Heyse

Ended
BV Kasimir

Director · since 31 juillet 2020 · until 13 juillet 2021

Ended
BV S-presso

Director · since 31 juillet 2020 · until 13 juillet 2021

Ended
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Annual accounts

Full financial information

202620252024202320222021
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date16/07/202611/07/202530/07/202417/07/202327/10/202210/09/2021
General meeting16/07/202611/07/202519/07/202430/06/202330/09/202213/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/03/202616/07/202616/07/2026DutchPDF
Full model31/03/202511/07/202511/07/2025DutchPDF
Full model31/03/202419/07/202430/07/2024DutchPDF
Abridged model31/03/202330/06/202317/07/2023DutchPDF
Abridged model31/03/202230/09/202227/10/2022DutchPDF
Abridged model31/03/202113/08/202110/09/2021DutchPDF
Full model31/03/202021/06/202014/07/2020DutchPDF
Full modelCorrection31/03/201916/06/201908/07/2019DutchPDF
Full model31/03/201916/06/201924/06/2019DutchPDF
Full model31/03/201817/06/201803/07/2018DutchPDF
Full model31/03/201718/06/201717/07/2017DutchPDF
Full model31/12/201507/03/201623/03/2016DutchPDF
Full model31/12/201424/03/201521/04/2015DutchPDF
Full model31/12/201321/02/201417/03/2014DutchPDF
Abridged model31/12/201230/04/201328/05/2013DutchPDF
Abridged model31/12/201120/01/201215/02/2012DutchPDF
Abridged model31/12/201009/02/201104/03/2011DutchPDF
Abridged model31/12/200922/02/201005/03/2010DutchPDF
Abridged model31/12/200802/02/200929/05/2009DutchPDF
Abridged model31/12/200718/04/200809/05/2008DutchPDF
Abridged model31/12/200615/02/200712/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/03/2026 · 1 active · 27 ended

Active mandates

CERM INTERNATIONAL

Director · 0744.860.822

Represented by Jan Heyse

Active

Ended mandates

CERM INTERNATIONAL

Director · since 13 juillet 2021 · 0744.860.822

Represented by Geert Van Damme

Ended
Active Capital

Director · since 31 juillet 2020 · until 13 juillet 2021 · 0744.709.085

Represented by Jan Heyse

Ended
BV Kasimir

Director · since 31 juillet 2020 · until 13 juillet 2021

Ended
BV S-presso

Director · since 31 juillet 2020 · until 13 juillet 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/05/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/09/2021
    DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates02/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/08/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other03/02/2017
    BENAMING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates17/03/2015
    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

Timeline

  1. 2026
    Annual accounts 20261,5 M €
  2. 2025
    Annual accounts 20251,7 M €
  3. 2024
    Annual accounts 20241,2 M €
  4. 2023
    Annual accounts 20231,4 M €
  5. 2022
    Annual accounts 20221,4 M €
  6. 2020
    Annual accounts 2020730,4 k €
  7. 2019
    Annual accounts 2019447 k €
  8. 2018
    Annual accounts 2018232,6 k €
  9. 2017
    Annual accounts 2017382,8 k €
  10. 2017
    Name changeCerm
  11. 2007
    Name changeCERM BENELUX
  12. 04/07/1990
    IncorporationPublic limited company