ACTIVE

CIMESAC

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Financial year 2025 · closed on 31/12/2025

Net result

45,5 k €

+148.6% YoY

Gross margin

654,3 k €

+9.3% YoY

Equity

193,8 k €

+30.6% YoY

Workforce

7,1 ETP

-2.7% YoY

What does CIMESAC do?

CIMESAC is a Public limited company incorporated in 1991. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Tubize. It employs on average 7,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0445.609.288

Incorporation

29/10/1991

Legal form

Public limited company

Registered office

Avenue Henri Zaman 2
1480 Tubize · WallonieSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Average workforce

7,1 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 25402Manufacture of weapons and ammunition 25502Forging, pressing, stamping and roll-forming of metal; powder metallurgy

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	654,3 k €	+9.3%	598,6 k €	-9.5%	661,9 k €	+21.0%	546,9 k €	+17.3%	466,1 k €	-17.0%	561,3 k €	+13.4%	495 k €	+0.2%	493,8 k €	+14.8%	430,1 k €	+8.7%	395,5 k €	+11.6%	354,5 k €	-14.5%	414,6 k €	+5.5%	392,8 k €	-23.8%	515,8 k €	+10.5%	467 k €	+30.7%	357,4 k €	-30.5%	513,9 k €	+11.4%	461,4 k €	+23.7%	372,9 k €
EBITDA	86,7 k €	+1322%	-7,1 k €	-105%	154,9 k €	+15.1%	134,6 k €	+2.6%	131,2 k €	-28.7%	184,1 k €	+12.0%	164,4 k €	-0.1%	164,6 k €	+31.0%	125,7 k €	+52.0%	82,7 k €	+216%	26,1 k €	-70.1%	87,5 k €	+50.0%	58,3 k €	-68.7%	186,7 k €	+23.8%	150,8 k €	+89.2%	79,7 k €	-65.6%	231,8 k €	+57.8%	146,9 k €	+93.9%	75,7 k €
Operating result	-37,3 k €	+61.2%	-96 k €	-214%	84,1 k €	+17.7%	71,4 k €	+40.2%	51 k €	-43.8%	90,7 k €	-12.4%	103,5 k €	+3.6%	99,9 k €	+128%	43,8 k €	+319%	10,5 k €	+124%	-42,8 k €	-555%	9,4 k €	+156%	-16,7 k €	-114%	117,5 k €	+51.6%	77,5 k €	+702%	9,7 k €	-94.2%	168,1 k €	+105%	82,1 k €	+501%	13,7 k €
Net result	45,5 k €	+149%	-93,5 k €	-305%	45,6 k €	+25.4%	36,4 k €	+5.4%	34,5 k €	-52.8%	73,1 k €	+4.8%	69,7 k €	+17.9%	59,2 k €	+25.1%	47,3 k €	+411%	9,3 k €	+127%	-33,8 k €	-956%	3,9 k €	+135%	-11,4 k €	-115%	75,7 k €	+55.3%	48,7 k €	+828%	-6,7 k €	-105%	135,9 k €	+108%	65,3 k €	+7588%	849,6 €
Balance sheet
Equity	193,8 k €	+30.6%	148,3 k €	-38.7%	241,8 k €	-9.1%	266 k €	-7.9%	288,8 k €	-50.8%	587,5 k €	+13.7%	516,6 k €	+14.9%	449,8 k €	+14.3%	393,6 k €	+12.7%	349,3 k €	+1.8%	343,1 k €	-9.7%	380 k €	+0.2%	379,1 k €	-3.7%	393,5 k €	-10.8%	441 k €	+11.5%	395,3 k €	-2.4%	405,1 k €	+0.4%	403,3 k €	+18.2%	341,2 k €
Total assets	951 k €	-9.5%	1,1 M €	+3.3%	1 M €	-7.4%	1,1 M €	+8.6%	1 M €	-8.0%	1,1 M €	+44.8%	760,2 k €	+3.5%	734,7 k €	+7.8%	681,7 k €	+31.6%	518,1 k €	-7.3%	558,7 k €	-20.5%	702,9 k €	-13.8%	815,3 k €	-17.8%	991,3 k €	+3.4%	958,6 k €	-0.2%	960,3 k €	-10.5%	1,1 M €	+11.8%	959,9 k €	-2.0%	979,9 k €
Cash	108,6 k €	-46.0%	201,1 k €	-31.4%	293 k €	-36.5%	461,3 k €	+24.4%	370,7 k €	+44.7%	256,2 k €	+13.1%	226,6 k €	+66.0%	136,5 k €	+49.3%	91,4 k €	+2.3%	89,4 k €	-32.3%	132 k €	+93.3%	68,3 k €	-54.8%	151,1 k €	-40.0%	252 k €	+47.1%	171,4 k €	-30.2%	245,5 k €	+156%	95,7 k €	+68.5%	56,8 k €	+79.0%	31,8 k €
Debts	754,8 k €	-16.2%	900,6 k €	+16.1%	776,1 k €	-7.0%	834,1 k €	+15.2%	723,9 k €	+41.1%	513,2 k €	+111%	243,6 k €	-14.5%	284,8 k €	-1.1%	288,1 k €	+70.7%	168,8 k €	-21.7%	215,6 k €	-33.2%	322,9 k €	-26.0%	436,2 k €	-27.0%	597,8 k €	+15.5%	517,7 k €	-8.4%	564,9 k €	-15.4%	667,7 k €	+19.9%	556,7 k €	-12.8%	638,6 k €
Other
Workforce	7,1 ETP	-2.7%	7,3 ETP	0.0%	7,3 ETP	+14.1%	6,4 ETP	+33.3%	4,8 ETP	-4.0%	5,0 ETP	+16.3%	4,3 ETP	+7.5%	4,0 ETP	0.0%	4,0 ETP	-2.4%	4,1 ETP	-18.0%	5,0 ETP	0.0%	5,0 ETP	+2.0%	4,9 ETP	-2.0%	5,0 ETP	-2.0%	5,1 ETP	+13.3%	4,5 ETP	-8.2%	4,9 ETP	-3.9%	5,1 ETP	-5.6%	5,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Andre ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Charles ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Evelyne ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Pierre ELIARD

Managing director · since 29 mai 2020 · until 29 mai 2026

Active

Ended mandates

Andre Francois Eliard

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Francois Eliard Andre

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Henri Eliard Pierre

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Pierre ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	25/06/2025	25/06/2024	20/06/2023	09/06/2022	26/06/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	31/05/2023	31/05/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	08/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	25/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	20/06/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	09/06/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	26/06/2021	French	PDF
Abridged model	31/12/2019	29/05/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	31/05/2019	25/06/2019	French	PDF
Abridged model	31/12/2017	31/05/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	31/05/2017	06/06/2017	French	PDF
Abridged model	31/12/2015	31/05/2016	09/06/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	01/06/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	13/06/2014	French	PDF
Abridged model	31/12/2012	31/05/2013	04/06/2013	French	PDF
Abridged model	31/12/2011	31/05/2012	04/06/2012	French	PDF
Abridged model	31/12/2010	31/05/2011	07/06/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	11/06/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	08/06/2009	French	PDF
Abridged model	31/12/2007	30/05/2008	09/06/2008	French	PDF
Abridged model	31/12/2006	31/05/2007	15/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 4 active · 22 ended

Active mandates

Andre ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Charles ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Evelyne ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Active

Pierre ELIARD

Managing director · since 29 mai 2020 · until 29 mai 2026

Active

Ended mandates

Andre Francois Eliard

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Francois Eliard Andre

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Henri Eliard Pierre

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Pierre ELIARD

Director · since 29 mai 2020 · until 29 mai 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other15/07/2026
—
PDF
Mandates03/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2004
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202545,5 k €↑
2024
Annual accounts 2024-93,5 k €↓
2023
Annual accounts 202345,6 k €↑
2022
Annual accounts 202236,4 k €↑
2021
Annual accounts 202134,5 k €↓
2019
Annual accounts 201973,1 k €↑
2018
Annual accounts 201869,7 k €↑
2017
Annual accounts 201759,2 k €↑
2016
Annual accounts 201647,3 k €↑
2015
Annual accounts 20159,3 k €↑
2014
Annual accounts 2014-33,8 k €↓
2013
Annual accounts 20133,9 k €↑
2012
Annual accounts 2012-11,4 k €↓
2011
Annual accounts 201175,7 k €↑
2010
Annual accounts 201048,7 k €↑
2009
Annual accounts 2009-6,7 k €↓
2008
Annual accounts 2008135,9 k €↑
2007
Annual accounts 200765,3 k €↑
2006
Annual accounts 2006849,6 €
29/10/1991
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

CIMESAC

Overview

What does CIMESAC do?

Trend over 19 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