ACTIVE

CGI Belgium

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Financial year 2025 · closed on 30/09/2025

Net result

1,1 M €

+95.3% YoY

Revenue

24,4 M €

-7.5% YoY

Equity

6,2 M €

+22.1% YoY

Workforce

119,0 ETP

-12.0% YoY

What does CGI Belgium do?

CGI Belgium is a Public limited company incorporated in 1990. Its registered office is in Machelen (Brab.). It employs on average 119,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.137.687

Incorporation

27/07/1990

Legal form

Public limited company

Registered office

Leonardo da Vincilaan 19
1831 Machelen (Brab.) · FlandreSee on map

Contributed capital

2 877 656,00 €

Latest accounts

30/09/2025

Average workforce

119,0 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	24,4 M €	-7.5%	26,4 M €	-19.1%	32,7 M €	-6.2%	34,8 M €	-5.8%	37 M €	+19.3%	31 M €	-34.5%	47,3 M €	-20.6%	59,5 M €	-12.3%	67,9 M €	+0.5%	67,5 M €	-2.5%	69,3 M €	+30.8%	53 M €
EBITDA	1,2 M €	+43.5%	839 k €	+129%	-2,9 M €	-241%	2,1 M €	+153%	-4 M €	-7.9%	-3,7 M €	+50.0%	-7,3 M €	-254%	-2,1 M €	-3111%	68,9 k €	+107%	-980,7 k €	-642%	181,1 k €	-83.1%	1,1 M €
Operating result	1,1 M €	+38.2%	779,9 k €	+124%	-3,2 M €	-286%	1,7 M €	+142%	-4,1 M €	-8.9%	-3,8 M €	+48.8%	-7,4 M €	-248%	-2,1 M €	-23104%	-9,2 k €	+99.4%	-1,5 M €	-378%	-310,7 k €	-154%	573,6 k €
Net result	1,1 M €	+95.3%	572,1 k €	+118%	-3,1 M €	-296%	1,6 M €	+138%	-4,2 M €	-8.7%	-3,8 M €	+47.3%	-7,2 M €	-285%	-1,9 M €	-284%	-490,9 k €	-23.2%	-398,5 k €	+84.1%	-2,5 M €	-213%	2,2 M €
Balance sheet
Equity	6,2 M €	+22.1%	5,1 M €	+12.7%	4,5 M €	-40.9%	7,6 M €	+64.3%	4,6 M €	-47.3%	8,8 M €	+1367%	598,7 k €	-92.4%	7,8 M €	-19.4%	9,7 M €	+4340%	219,1 k €	-64.5%	617,6 k €	-80.2%	3,1 M €
Total assets	10,8 M €	-9.9%	12 M €	+6.0%	11,3 M €	-22.3%	14,6 M €	-19.2%	18 M €	-20.7%	22,7 M €	+10.0%	20,7 M €	-26.8%	28,2 M €	-8.7%	30,9 M €	+8.3%	28,5 M €	+6.1%	26,9 M €	-11.8%	30,5 M €
Cash	225,7 k €	-96.2%	5,9 M €	+72.9%	3,4 M €	-42.9%	6 M €	+67.4%	3,6 M €	-0.0%	3,6 M €	+354%	788 k €	+192%	270 k €	-53.1%	575,8 k €	+1.1%	569,4 k €	-80.5%	2,9 M €	-31.6%	4,3 M €
Debts	4,6 M €	-33.8%	6,9 M €	+1.6%	6,8 M €	-1.7%	6,9 M €	-37.0%	11 M €	-10.9%	12,4 M €	-22.3%	15,9 M €	-14.1%	18,5 M €	-4.9%	19,5 M €	-26.3%	26,4 M €	+4.9%	25,2 M €	-2.9%	26 M €
Other
Workforce	119,0 ETP	-12.0%	135,2 ETP	-20.5%	170,0 ETP	-12.4%	194,1 ETP	-27.1%	266,1 ETP	-9.2%	293,1 ETP	-18.4%	359,0 ETP	-8.3%	391,5 ETP	-4.2%	408,8 ETP	-13.7%	473,7 ETP	+3.0%	460,0 ETP	+18.2%	389,2 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 30/09/2025 · 6 active · 39 ended

Active mandates

Dirk De Groot

Director · since 18 avril 2023 · until 17 avril 2027

Active

Hendrickx Patrick

Managing director · since 17 avril 2023 · until 17 avril 2029

Active

Perron Steve

Director · since 29 mars 2023 · until 29 mars 2029

Active

Dirk De Groot

Managing director · since 07 septembre 2022 · until 17 avril 2023

Active

Ann de Bourbon Ponce de Leon

Director · since 28 juillet 2022 · until 27 juillet 2028

Active

Dirk De Groot

Director · since 13 avril 2021 · until 06 septembre 2022

Active

Ended mandates

Sil Janssens

Director · since 03 novembre 2022 · until 02 novembre 2028

Ended

Dirk De Groot

Managing director · since 07 septembre 2022 · until 25 mars 2027

Ended

Wieczorek Jacques

Managing director · since 11 juin 2020 · until 29 juillet 2022

Ended

Olivier Spreafico

Director · since 26 février 2019 · until 01 avril 2022

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/03/2026	01/09/2025	05/04/2024	30/03/2023	10/05/2022	01/04/2021
General meeting	12/03/2026	19/03/2025	29/03/2024	29/03/2023	30/03/2022	25/03/2021
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
Full model	30/09/2025	12/03/2026	24/03/2026	Dutch	PDF
Full modelCorrection	30/09/2024	19/03/2025	01/09/2025	Dutch	PDF
Full model	30/09/2024	19/03/2025	21/03/2025	Dutch	PDF
Full model	30/09/2023	29/03/2024	05/04/2024	Dutch	PDF
Full model	30/09/2022	29/03/2023	30/03/2023	Dutch	PDF
Full model	30/09/2021	30/03/2022	10/05/2022	Dutch	PDF
Full model	30/09/2020	25/03/2021	01/04/2021	Dutch	PDF
Full model	30/09/2019	22/04/2020	30/04/2020	Dutch	PDF
Full model	30/09/2018	13/09/2019	29/10/2019	Dutch	PDF
Full model	30/09/2017	26/04/2018	25/05/2018	Dutch	PDF
Full model	30/09/2016	15/05/2017	31/05/2017	Dutch	PDF
Full model	30/09/2015	27/09/2016	30/09/2016	Dutch	PDF
Full model	30/09/2014	25/09/2015	01/12/2015	Dutch	PDF
Full model	30/09/2013	11/04/2014	17/09/2014	Dutch	PDF
Full model	30/09/2012	24/01/2014	24/02/2014	Dutch	PDF
Full model	31/12/2011	28/06/2012	10/07/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	25/07/2011	Dutch	PDF
Full model	31/12/2009	02/07/2010	13/07/2010	Dutch	PDF
Full model	31/12/2008	16/07/2009	17/07/2009	Dutch	PDF
Full model	31/12/2007	26/06/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	27/06/2007	08/08/2007	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 30/09/2025 · 6 active · 39 ended

Active mandates

Dirk De Groot

Director · since 18 avril 2023 · until 17 avril 2027

Active

Hendrickx Patrick

Managing director · since 17 avril 2023 · until 17 avril 2029

Active

Perron Steve

Director · since 29 mars 2023 · until 29 mars 2029

Active

Dirk De Groot

Managing director · since 07 septembre 2022 · until 17 avril 2023

Active

Ann de Bourbon Ponce de Leon

Director · since 28 juillet 2022 · until 27 juillet 2028

Active

Dirk De Groot

Director · since 13 avril 2021 · until 06 septembre 2022

Active

Ended mandates

Sil Janssens

Director · since 03 novembre 2022 · until 02 novembre 2028

Ended

Dirk De Groot

Managing director · since 07 septembre 2022 · until 25 mars 2027

Ended

Wieczorek Jacques

Managing director · since 11 juin 2020 · until 29 juillet 2022

Ended

Olivier Spreafico

Director · since 26 février 2019 · until 01 avril 2022

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring15/04/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/01/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates16/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/02/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring13/01/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates25/11/2022
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

19/12/2025
cession
2025
Annual accounts 20251,1 M €↑
19/03/2025
nominationKatrijn Verhaegen — statutair auditor
2024
Annual accounts 2024572,1 k €↑
2023
Annual accounts 2023-3,1 M €↓
12/09/2023
nominationKatrijn Verhaegen — vaste vertegenwoordiger van de commissaris
17/04/2023
nominationPatrick Hendrickx — bestuurder
17/04/2023
nominationPatrick Hendrickx — gedelegeerd bestuurder
29/03/2023
nominationSteve Perron — bestuurder
03/11/2022
demissionSil Janssens — bestuurder
03/11/2022
nominationSil Janssens — bestuurder
2022
Annual accounts 20221,6 M €↑
07/09/2022
demissionDirk De Groot — gedelegeerd bestuurder
07/09/2022
nominationDirk de Groot — gedelegeerd bestuurder
28/07/2022
nominationAnn Ponce de Leon — bestuurder
30/03/2022
reconductionPricewaterhouseCoopers Bedrijfsrevisoren CVBA — commissaris
11/06/2020
demissionJacques Wieczorek — bestuurder en gedelegeerd bestuurder
26/02/2019
demissionOlivier Spreafico — bestuurder
11/09/2014
demissionFrançois Boulanger — bestuurder
2013
Annual accounts 2013-4,2 M €↓
2012
Annual accounts 2012-3,8 M €↑
2011
Annual accounts 2011-7,2 M €↓
2010
Annual accounts 2010-1,9 M €↓
2009
Annual accounts 2009-490,9 k €↓
2008
Annual accounts 2008-398,5 k €↑
2007
Annual accounts 2007-2,5 M €↓
2006
Annual accounts 20062,2 M €
27/07/1990
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

CGI Belgium

Overview

What does CGI Belgium do?

Trend over 12 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