ACTIVE

CEFI

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Financial year 2025 · closed on 31/12/2025

Net result

25,5 k €

+1554.1% YoY

Gross margin

125,3 k €

+41.1% YoY

Equity

1,4 M €

-0.8% YoY

What does CEFI do?

CEFI is a Private limited company incorporated in 1992. Its registered office is in Lasne.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0446.461.997

Incorporation

06/02/1992

Legal form

Private limited company

Registered office

Tienne du Peuthy 19
1380 Lasne · WallonieSee on map

Contributed capital

88 844,79 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	125,3 k €	+41.1%	88,8 k €	-21.2%	112,7 k €	-6.7%	120,8 k €	+92.9%	62,6 k €	-44.6%	113 k €	-17.9%	137,7 k €	+6.7%	129 k €	-0.8%	130,1 k €	-28.8%	182,7 k €	-12.7%	209,3 k €	+8.3%	193,2 k €	-6.4%	206,4 k €	+15.4%	178,8 k €	-24.3%	236,1 k €	+22.1%	193,3 k €	-11.9%	219,5 k €	-0.5%	220,7 k €	+19.6%	184,6 k €
EBITDA	115,8 k €	+45.2%	79,8 k €	-23.6%	104,4 k €	-3.4%	108,1 k €	+91.5%	56,5 k €	-46.1%	104,7 k €	-21.8%	133,9 k €	+7.0%	125,1 k €	-0.9%	126,2 k €	-29.5%	179 k €	-13.1%	206,1 k €	+8.5%	190 k €	-6.4%	203 k €	+15.5%	175,7 k €	-24.5%	232,8 k €	+22.5%	190,1 k €	-12.1%	216,3 k €	-0.6%	217,6 k €	+19.9%	181,5 k €
Operating result	55,1 k €	+174%	20,1 k €	-55.4%	45 k €	-17.5%	54,6 k €	+273%	14,6 k €	-76.7%	62,7 k €	-32.2%	92,5 k €	+10.5%	83,8 k €	-1.6%	85,1 k €	-39.3%	140,2 k €	-16.7%	168,3 k €	+11.3%	151,2 k €	-6.4%	161,5 k €	+20.1%	134,5 k €	-29.7%	191,3 k €	+36.0%	140,7 k €	-15.5%	166,4 k €	-2.1%	170 k €	+30.3%	130,5 k €
Net result	25,5 k €	+1554%	1,5 k €	-93.5%	23,6 k €	-22.5%	30,4 k €	+747%	3,6 k €	-90.2%	36,6 k €	-33.6%	55,1 k €	+7.2%	51,4 k €	+35.1%	38,1 k €	-46.5%	71,2 k €	-1.1%	72 k €	-15.6%	85,3 k €	+7.3%	79,5 k €	-36.2%	124,7 k €	-17.4%	151 k €	+20.3%	125,4 k €	-8.5%	137,1 k €	+21.3%	113 k €	+37.9%	81,9 k €
Balance sheet
Equity	1,4 M €	-0.8%	1,4 M €	-6.8%	1,5 M €	-0.9%	1,6 M €	+2.0%	1,5 M €	-4.2%	1,6 M €	+2.4%	1,6 M €	-1.3%	1,6 M €	+3.4%	1,5 M €	-9.6%	1,7 M €	+4.4%	1,6 M €	-2.1%	1,7 M €	-3.1%	1,7 M €	-3.4%	1,8 M €	-2.1%	1,8 M €	+3.2%	1,7 M €	+3.9%	1,7 M €	+5.5%	1,6 M €	+0.8%	1,6 M €
Total assets	1,9 M €	-5.7%	2 M €	+3.1%	1,9 M €	+0.2%	1,9 M €	-1.3%	2 M €	+3.9%	1,9 M €	-6.1%	2 M €	+2.4%	2 M €	-2.0%	2 M €	-1.9%	2 M €	-5.0%	2,2 M €	-2.8%	2,2 M €	-2.2%	2,3 M €	-1.5%	2,3 M €	+0.4%	2,3 M €	+1.4%	2,3 M €	-11.4%	2,6 M €	-0.9%	2,6 M €	+2.3%	2,5 M €
Cash	55 k €	+95.5%	28,2 k €	-37.8%	45,3 k €	-3.9%	47,1 k €	+381%	9,8 k €	+125957%	7,8 €	-97.9%	371 €	-76.1%	1,6 k €	-67.9%	4,8 k €	-65.0%	13,8 k €	+1684%	774,2 €	-91.7%	9,4 k €	-53.2%	20,1 k €	+730%	2,4 k €	+94.8%	1,2 k €	-16.5%	1,5 k €	+301%	370,3 €	-97.9%	17,6 k €	+381%	3,7 k €
Debts	464,5 k €	-18.1%	566,8 k €	+111%	269,2 k €	+7.1%	251,3 k €	-18.1%	306,7 k €	+84.8%	165,9 k €	-48.5%	322,2 k €	+24.2%	259,4 k €	-26.3%	351,7 k €	+53.9%	228,5 k €	-44.0%	408,1 k €	-6.3%	435,6 k €	+0.7%	432,5 k €	+6.3%	406,9 k €	+13.1%	359,7 k €	-6.2%	383,6 k €	-48.2%	740,2 k €	-12.9%	849,8 k €	+5.6%	805 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Philippe HONORE

Director

Active

Ended mandates

Philippe HONORE

Manager

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	05/08/2026	31/07/2025	26/07/2024	22/06/2023	04/07/2022	21/06/2021
General meeting	30/06/2026	30/06/2025	29/06/2024	30/05/2023	21/06/2022	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	30/06/2026	05/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	26/07/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	22/06/2023	French	PDF
Abridged model	31/12/2021	21/06/2022	04/07/2022	French	PDF
Abridged model	31/12/2020	31/05/2021	21/06/2021	French	PDF
Abridged model	31/12/2019	30/06/2020	15/07/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	28/06/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	28/06/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	13/07/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	07/07/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	23/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	30/06/2010	28/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	31/07/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	25/07/2008	French	PDF
Abridged model	31/12/2006	30/06/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 1 ended

Active mandates

Philippe HONORE

Director

Active

Ended mandates

Philippe HONORE

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/06/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2017
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring16/10/2006
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring29/05/2006
DIVERS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 202525,5 k €↑
2024
Annual accounts 20241,5 k €↓
2023
Annual accounts 202323,6 k €↓
2022
Annual accounts 202230,4 k €↑
2021
Annual accounts 20213,6 k €↓
2020
Annual accounts 202036,6 k €↓
2019
Annual accounts 201955,1 k €↑
2018
Annual accounts 201851,4 k €↑
2017
Annual accounts 201738,1 k €↓
2016
Annual accounts 201671,2 k €↓
2015
Annual accounts 201572 k €↓
2014
Annual accounts 201485,3 k €↑
2013
Annual accounts 201379,5 k €↓
2012
Annual accounts 2012124,7 k €↓
2011
Annual accounts 2011151 k €↑
2010
Annual accounts 2010125,4 k €↓
2009
Annual accounts 2009137,1 k €↑
2008
Annual accounts 2008113 k €↑
2007
Annual accounts 200781,9 k €
06/02/1992
IncorporationPrivate 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

CEFI

Overview

What does CEFI 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