ACTIVE

CEDES

Financial year 2025 · Closed on 31/12/2025

Net result135,3 k €+75,8 %over 1 year

Gross margin265,8 k €+35,1 %over 1 year

Equity721,1 k €+0,2 %over 1 year

Identity

Source · BCE/KBO

CEDES is a Public limited company incorporated in 1992. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0448.462.375
Incorporation: 23/10/1992
Legal form: Public limited company
Registered office: Rue de la Presse 4
1000 Bruxelles · BruxellesSee on map
Contributed capital: 247 893,52 €
Latest accounts: 31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 47690Retail sale of cultural and recreation goods in specialised stores 47787Other retail sale of new goods in specialised stores 68321Management of real estate on a fee or contract basis+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	265,8 k €	+35.1%	196,7 k €	+1.1%	194,6 k €	+3.9%	187,3 k €	+27.2%	147,3 k €
EBITDA	258,3 k €	+36.5%	189,2 k €	+4.1%	181,8 k €	+1.3%	179,6 k €	+27.7%	140,6 k €
Operating result	176,7 k €	+52.5%	115,9 k €	-5.0%	122 k €	-6.9%	131 k €	+39.3%	94,1 k €
Net result	135,3 k €	+75.8%	77 k €	-9.4%	85 k €	-5.5%	90 k €	+34.2%	67,1 k €
Balance sheet
Equity	721,1 k €	+0.2%	719,9 k €	+6.2%	677,9 k €	+5.4%	642,8 k €	+1.6%	632,8 k €
Total assets	1,2 M €	+2.2%	1,2 M €	+5.5%	1,1 M €	+4.0%	1,1 M €	+3.7%	1 M €
Cash	105,1 k €	-14.3%	122,6 k €	-32.9%	182,8 k €	+15.0%	159 k €	-6.1%	169,4 k €
Debts	470,6 k €	+5.7%	445,1 k €	+4.2%	427,3 k €	+1.6%	420,7 k €	+6.6%	394,6 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Santens	Director25/06/2004 → 06/07/2026
Patricia Desimpel	Managing director02/06/2007 → 06/07/2026Director02/06/2001 → 2007 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe Desimpel	Director01/06/2002 → 2012 accounts

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Rue de la Presse 4 1000 Bruxelles

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24SEA● Active	0647.827.762
2MC&MP● Active	0787.377.011
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AKSON & PARTNERS● Active	0474.678.111
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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	11/06/2025	12/08/2024	20/07/2023	27/06/2022	30/08/2021
General meeting	06/07/2026	07/06/2025	07/08/2024	06/07/2023	04/06/2022	18/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/07/2026	05/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	11/06/2025	Dutch	PDF
Micro model	31/12/2023	07/08/2024	12/08/2024	Dutch	PDF
Micro model	31/12/2022	06/07/2023	20/07/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	18/08/2021	30/08/2021	Dutch	PDF
Micro model	31/12/2019	14/08/2020	11/09/2020	Dutch	PDF
Micro model	31/12/2018	31/07/2019	29/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	02/08/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	28/06/2016	Dutch	PDF
Abridged model	31/12/2014	24/08/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/08/2014	27/08/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	30/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	15/07/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	31/08/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard Santens	Director25/06/2004 → 06/07/2026
Patricia Desimpel	Managing director02/06/2007 → 06/07/2026Director02/06/2001 → 2007 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe Desimpel	Director01/06/2002 → 2012 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates14/09/2026
herbenoeming bestuurders + gedelegeerd bestuurder
PDF
Mandates24/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates05/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Registered office07/02/2017
Verplaatsing maatschappelijke zetel
PDF
Mandates02/02/2015
Benoeming-herbenoeming
PDF
Mandates10/01/2012
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office17/07/2009
Zetelverplaatsing
PDF
Mandates20/09/2007
Herbenoeming bestuurder
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Bernard Santens

Patricia Desimpel

Christophe Desimpel

19921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CEDES

Drukpersstraat 4, 1000 Brussels

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Presse 4, 1000 BrusselsCurrent		CBE
Katteberg 142, 9700 Oudenaarde	accounts 2025	Accounts 2025 · 2026-00390947
Drukpersstraat 4, 1000 Brussels	accounts 2021 → 2024	Accounts 2024 · 2025-00138850

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CEDESCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00390947

Events

2025
Annual accounts 2025135,3 k €↑
2024
Annual accounts 202477 k €↓
2023
Annual accounts 202385 k €↓
2022
Annual accounts 202290 k €↑
2021
Annual accounts 202167,1 k €↑
2020
Annual accounts 202042,5 k €↓
2019
Annual accounts 2019144,1 k €↑
2018
Annual accounts 201831,8 k €↑
2017
Annual accounts 201710,3 k €↑
2016
Annual accounts 20163,5 k €↑
2015
Annual accounts 2015-15,8 k €↑
2014
Annual accounts 2014-46,4 k €↓
2013
Annual accounts 201345,1 k €↓
2012
Annual accounts 2012111,5 k €↓
2011
Annual accounts 2011176,5 k €↑
2010
Annual accounts 201013,5 k €↓
2009
Annual accounts 200931 k €↑
2008
Annual accounts 2008-54,2 k €↓
2007
Annual accounts 2007-18,9 k €↑
2006
Annual accounts 2006-47,6 k €
23/10/1992
IncorporationPublic limited company

CEDES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events