ACTIVE

CENES

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Financial year 2025 · closed on 30/06/2025

Net result

-172,4 k €

+14.1% YoY

Gross margin

312,6 k €

-14.2% YoY

Equity

2,7 M €

-6.0% YoY

Workforce

0,0 ETP

What does CENES do?

CENES is a Public limited company incorporated in 1993. Its main activity is: Real estate agencies. Its registered office is in Koksijde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.552.222

Incorporation

02/12/1993

Legal form

Public limited company

Registered office

Guldenzandstraat(Odk) 105
8670 Koksijde · FlandreSee on map

Contributed capital

1 512 600,00 €

Latest accounts

30/06/2025

Average workforce

0,0 ETP

Activities (NACE)

68310Real estate agencies· main 68311Real estate agencies 64200Activities of holding companies 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	312,6 k €	-14.2%	364,5 k €	-34.8%	559,2 k €	-53.8%	1,2 M €	+198%	406,8 k €	+94.5%	209,2 k €	-65.7%	609,8 k €	+0.8%	605,2 k €	-8.6%	661,9 k €	+5.1%	629,8 k €	+14.7%	549 k €	+38.7%	395,9 k €	-40.8%	668,5 k €	+59.0%	420,4 k €	+1.9%	412,5 k €	+26.8%	325,2 k €	+13.9%	285,4 k €
EBITDA	268,4 k €	-15.2%	316,3 k €	-39.1%	519,8 k €	-55.4%	1,2 M €	+216%	369,2 k €	+104%	181,4 k €	-65.2%	520,8 k €	-11.5%	588,4 k €	-7.8%	638,4 k €	+5.8%	603,5 k €	+14.7%	526,2 k €	+41.9%	370,8 k €	-42.6%	646 k €	+62.5%	397,5 k €	+3.7%	383,3 k €	+23.6%	310,1 k €	+14.3%	271,2 k €
Operating result	-88,3 k €	-398%	-17,7 k €	-107%	237,6 k €	-64.4%	668,3 k €	+4636%	14,1 k €	+112%	-115,7 k €	-138%	307,9 k €	+1.8%	302,4 k €	-33.0%	451,5 k €	+131%	195,7 k €	-46.3%	364,7 k €	+83.8%	198,5 k €	-54.5%	436,5 k €	+50.1%	290,8 k €	+5.5%	275,6 k €	+175%	100,2 k €	-50.0%	200,5 k €
Net result	-172,4 k €	+14.1%	-200,8 k €	-2566%	8,1 k €	-97.8%	376,8 k €	+420%	-117,9 k €	+40.3%	-197,6 k €	-229%	153,3 k €	-2.9%	157,9 k €	-42.5%	274,4 k €	+46.2%	187,6 k €	-18.7%	230,7 k €	+108%	110,7 k €	-59.4%	272,9 k €	+50.9%	180,8 k €	+13.7%	159,1 k €	+201%	52,8 k €	-60.5%	133,6 k €
Balance sheet
Equity	2,7 M €	-6.0%	2,9 M €	-6.5%	3,1 M €	+0.3%	3,1 M €	+38.4%	2,2 M €	-5.1%	2,3 M €	-7.8%	2,5 M €	+6.5%	2,4 M €	+7.1%	2,2 M €	+14.1%	1,9 M €	+1.5%	1,9 M €	+13.7%	1,7 M €	+7.1%	1,6 M €	+21.0%	1,3 M €	+16.2%	1,1 M €	+16.6%	956,7 k €	+5.8%	903,8 k €
Total assets	7,3 M €	-2.6%	7,5 M €	-3.8%	7,8 M €	-1.0%	7,9 M €	+26.0%	6,2 M €	+5.6%	5,9 M €	+34.1%	4,4 M €	+3.8%	4,2 M €	+12.7%	3,8 M €	-0.4%	3,8 M €	+33.5%	2,8 M €	+2.7%	2,8 M €	-1.3%	2,8 M €	+31.0%	2,1 M €	+10.1%	1,9 M €	+3.4%	1,9 M €	+28.4%	1,5 M €
Cash	826,3 k €	+751%	97,1 k €	+22.6%	79,2 k €	-94.2%	1,4 M €	+826%	146,9 k €	-58.5%	354,1 k €	-2.7%	364,1 k €	+489%	61,9 k €	-78.5%	288,3 k €	+3463%	8,1 k €	-0.3%	8,1 k €	+0.1%	8,1 k €	-64.5%	22,9 k €	+359%	5 k €	+34.7%	3,7 k €	-84.8%	24,3 k €	-80.7%	126 k €
Debts	3,9 M €	-1.7%	4 M €	-2.4%	4,1 M €	-1.6%	4,2 M €	+14.6%	3,6 M €	+13.9%	3,2 M €	+116%	1,5 M €	+1.6%	1,5 M €	+26.5%	1,2 M €	-18.7%	1,4 M €	+66.1%	851,8 k €	-15.2%	1 M €	-12.7%	1,2 M €	+49.5%	769,5 k €	+3.3%	744,6 k €	-13.2%	857,7 k €	+73.2%	495,3 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 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 30/06/2025 · 2 active · 22 ended

Active mandates

ANNE SAELEN

Director

Active

PHILIP CAMMAERT

Managing director

Active

Ended mandates

Anne Saelen

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

Claire Cammaert

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

Claire Cammaert

Director · since 14 novembre 2017

Ended

Isabelle Cammaert

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
CANDES● Active	0719.875.897

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	21/11/2025	19/12/2024	14/11/2023	27/01/2023	09/11/2021	17/11/2020
General meeting	12/11/2025	28/11/2024	10/11/2023	30/12/2022	09/11/2021	10/11/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	12/11/2025	21/11/2025	Dutch	PDF
Abridged model	30/06/2024	28/11/2024	19/12/2024	Dutch	PDF
Abridged model	30/06/2023	10/11/2023	14/11/2023	Dutch	PDF
Abridged model	30/06/2022	30/12/2022	27/01/2023	Dutch	PDF
Abridged model	30/06/2021	09/11/2021	09/11/2021	Dutch	PDF
Abridged model	30/06/2020	10/11/2020	17/11/2020	Dutch	PDF
Micro model	30/06/2019	12/11/2019	03/12/2019	Dutch	PDF
Micro model	30/06/2018	13/11/2018	12/12/2018	Dutch	PDF
Abridged model	30/06/2017	14/11/2017	20/11/2017	Dutch	PDF
Abridged model	30/06/2016	08/11/2016	06/12/2016	Dutch	PDF
Abridged model	30/06/2015	10/11/2015	20/11/2015	Dutch	PDF
Abridged model	30/06/2014	12/11/2014	05/12/2014	Dutch	PDF
Abridged model	30/06/2013	12/11/2013	03/12/2013	Dutch	PDF
Abridged model	30/06/2012	13/11/2012	14/12/2012	Dutch	PDF
Abridged model	30/06/2011	29/11/2011	30/11/2011	Dutch	PDF
Abridged model	30/06/2010	09/11/2010	10/11/2010	Dutch	PDF
Abridged model	30/06/2009	10/11/2009	16/11/2009	Dutch	PDF
Abridged model	30/06/2008	12/11/2008	28/11/2008	Dutch	PDF
Abridged model	30/06/2007	13/11/2007	15/11/2007	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 30/06/2025 · 2 active · 22 ended

Active mandates

ANNE SAELEN

Director

Active

PHILIP CAMMAERT

Managing director

Active

Ended mandates

Anne Saelen

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

Claire Cammaert

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

Claire Cammaert

Director · since 14 novembre 2017

Ended

Isabelle Cammaert

Director · since 14 novembre 2017 · until 14 novembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/12/2023
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/06/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other20/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates10/01/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/12/2005
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

2025
Annual accounts 2025-172,4 k €↑
2024
Annual accounts 2024-200,8 k €↓
2023
Annual accounts 20238,1 k €↓
2022
Annual accounts 2022376,8 k €↑
2019
Annual accounts 2019-117,9 k €↑
2018
Annual accounts 2018-197,6 k €↓
2017
Annual accounts 2017153,3 k €↓
2016
Annual accounts 2016157,9 k €↓
2015
Annual accounts 2015274,4 k €↑
2014
Annual accounts 2014187,6 k €↓
2013
Annual accounts 2013230,7 k €↑
2012
Annual accounts 2012110,7 k €↓
2011
Annual accounts 2011272,9 k €↑
2010
Annual accounts 2010180,8 k €↑
2009
Annual accounts 2009159,1 k €↑
2008
Annual accounts 200852,8 k €↓
2007
Annual accounts 2007133,6 k €
02/12/1993
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

CENES

Overview

What does CENES do?

Trend over 17 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