ACTIVE

CBL-WELDING

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Financial year 2025 · closed on 30/09/2025

Net result

802,9 k €

-4.6% YoY

Gross margin

2,3 M €

+26.4% YoY

Equity

3,6 M €

+19.9% YoY

Workforce

5,5 ETP

0.0% YoY

What does CBL-WELDING do?

CBL-WELDING is a Private limited company incorporated in 1994. Its registered office is in Tielt. It employs on average 5,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0453.403.041

Incorporation

20/09/1994

Legal form

Private limited company

Registered office

Astridlaan 11
8760 Tielt · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

30/09/2025

Average workforce

5,5 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,3 M €	+26.4%	1,8 M €	+8.0%	1,7 M €	+49.0%	1,1 M €	+11.1%	1 M €	+31.0%	772,8 k €	+24.4%	621,4 k €	+20.1%	517,6 k €	-3.6%	537,2 k €	+36.7%	393,1 k €	+13.9%	345,2 k €	-40.6%	581 k €	-0.6%	584,6 k €	+5.4%	554,7 k €	-0.7%	558,5 k €	-12.2%	636 k €	+6.3%	598,5 k €	+4.4%	573,3 k €	+31.7%	435,2 k €
EBITDA	1,8 M €	+35.4%	1,3 M €	+7.9%	1,2 M €	+49.2%	817,1 k €	+9.3%	747,5 k €	+38.6%	539,2 k €	+43.4%	376 k €	+49.7%	251,1 k €	+7.5%	233,7 k €	+5.8%	220,9 k €	+15.0%	192,1 k €	-19.1%	237,5 k €	+1.2%	234,6 k €	-9.8%	260,1 k €	+35.7%	191,7 k €	-17.4%	232,1 k €	-4.5%	243,1 k €	-25.4%	325,9 k €	+40.9%	231,4 k €
Operating result	1,2 M €	-0.5%	1,2 M €	+10.2%	1,1 M €	+91.6%	555,8 k €	-2.3%	568,8 k €	+35.0%	421,3 k €	+79.4%	234,8 k €	+72.0%	136,6 k €	+1.8%	134,1 k €	+16.4%	115,2 k €	-8.0%	125,3 k €	-8.7%	137,2 k €	-10.7%	153,7 k €	-10.6%	172 k €	+83.6%	93,7 k €	-6.0%	99,7 k €	-16.1%	118,8 k €	-29.8%	169,1 k €	+14.9%	147,2 k €
Net result	802,9 k €	-4.6%	841,6 k €	+19.3%	705,2 k €	+86.0%	379,1 k €	-3.3%	392,1 k €	+53.2%	255,8 k €	+102%	126,9 k €	+686%	16,1 k €	-41.9%	27,8 k €	+41.9%	19,6 k €	-46.3%	36,4 k €	+17.8%	30,9 k €	-24.7%	41 k €	+9.9%	37,3 k €	+38.5%	27 k €	+1027%	2,4 k €	+175%	-3,2 k €	-107%	46,1 k €	-9.1%	50,7 k €
Balance sheet
Equity	3,6 M €	+19.9%	3 M €	+38.5%	2,2 M €	+38.2%	1,6 M €	+29.0%	1,2 M €	+46.9%	835,5 k €	+44.1%	579,7 k €	+28.0%	452,8 k €	+3.7%	436,7 k €	+6.8%	408,9 k €	+5.0%	389,3 k €	+10.3%	352,9 k €	+9.6%	322 k €	+14.6%	281 k €	+15.3%	243,6 k €	+12.4%	216,7 k €	+1.1%	214,3 k €	-1.5%	217,5 k €	-19.9%	271,3 k €
Total assets	9,2 M €	+41.3%	6,5 M €	+10.2%	5,9 M €	-4.0%	6,1 M €	+12.3%	5,5 M €	+52.2%	3,6 M €	+1.6%	3,5 M €	+9.8%	3,2 M €	+17.1%	2,7 M €	+9.4%	2,5 M €	+4.3%	2,4 M €	-2.6%	2,5 M €	-0.2%	2,5 M €	-2.2%	2,5 M €	+2.8%	2,5 M €	-3.8%	2,6 M €	+3.8%	2,5 M €	+4.5%	2,4 M €	+21.4%	1,9 M €
Cash	214 k €	+522%	34,4 k €	-88.1%	289,5 k €	+309%	70,9 k €	-48.5%	137,7 k €	+22.9%	112 k €	+415%	21,8 k €	-27.2%	29,9 k €	-12.9%	34,4 k €	+756%	4 k €	-88.3%	34,4 k €	+907%	3,4 k €	+67.9%	2 k €	-92.8%	28,4 k €		–		10,6 k €	-71.8%	37,5 k €	+58.6%	23,6 k €	-26.6%	32,2 k €
Debts	5,5 M €	+60.1%	3,5 M €	-6.6%	3,7 M €	-18.2%	4,5 M €	+7.7%	4,2 M €	+52.7%	2,8 M €	-6.7%	3 M €	+6.9%	2,8 M €	+19.7%	2,3 M €	+10.1%	2,1 M €	+4.3%	2 M €	-4.7%	2,1 M €	-1.6%	2,1 M €	-4.2%	2,2 M €	+1.6%	2,2 M €	-5.3%	2,3 M €	+4.2%	2,2 M €	+5.2%	2,1 M €	+28.7%	1,6 M €
Other
Workforce	5,5 ETP	0.0%	5,5 ETP	+3.8%	5,3 ETP	+35.9%	3,9 ETP	+30.0%	3,0 ETP	0.0%	3,0 ETP	+7.1%	2,8 ETP	-15.2%	3,3 ETP	-21.4%	4,2 ETP	+35.5%	3,1 ETP	+29.2%	2,4 ETP	-63.6%	6,6 ETP	+13.8%	5,8 ETP	0.0%	5,8 ETP	-4.9%	6,1 ETP	-24.7%	8,1 ETP	+12.5%	7,2 ETP	+38.5%	5,2 ETP	+15.6%	4,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 7 ended

Active mandates

CINKO INVEST

Director · since 30 juin 2022 · 0540.963.753

Represented by Coussens Koen

Active

Ended mandates

KOEN COUSSENS

Manager · since 01 janvier 2008

Ended

Bernard Coussens

Mandate

Ended

BERNARD COUSSENS

Manager

Ended

Koen Coussens

Mandate

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	01/10/2024	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	20/03/2026	30/04/2025	22/04/2024	21/04/2023	30/03/2022	17/03/2021
General meeting	20/02/2026	31/03/2025	26/03/2024	29/03/2023	25/03/2022	19/02/2021
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	30/09/2025	20/02/2026	20/03/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	26/03/2024	22/04/2024	Dutch	PDF
Abridged model	30/09/2022	29/03/2023	21/04/2023	Dutch	PDF
Abridged model	30/09/2021	25/03/2022	30/03/2022	Dutch	PDF
Abridged model	30/09/2020	19/02/2021	17/03/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	01/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/02/2019	14/03/2019	Dutch	PDF
Abridged model	30/09/2017	16/02/2018	16/03/2018	Dutch	PDF
Abridged model	30/09/2016	17/02/2017	16/03/2017	Dutch	PDF
Abridged model	30/09/2015	19/02/2016	18/03/2016	Dutch	PDF
Abridged model	30/09/2014	20/02/2015	20/03/2015	Dutch	PDF
Abridged model	30/09/2013	21/02/2014	03/03/2014	Dutch	PDF
Abridged model	30/09/2012	15/02/2013	07/03/2013	Dutch	PDF
Abridged model	30/09/2011	17/02/2012	14/03/2012	Dutch	PDF
Abridged model	30/09/2010	18/02/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/02/2010	18/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/02/2009	14/03/2009	Dutch	PDF
Abridged model	30/09/2007	15/02/2008	25/02/2008	Dutch	PDF
Abridged model	30/09/2006	16/02/2007	26/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 1 active · 7 ended

Active mandates

CINKO INVEST

Director · since 30 juin 2022 · 0540.963.753

Represented by Coussens Koen

Active

Ended mandates

KOEN COUSSENS

Manager · since 01 janvier 2008

Ended

Bernard Coussens

Mandate

Ended

BERNARD COUSSENS

Manager

Ended

Koen Coussens

Mandate

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates08/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/01/2008
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/02/2005
BENAMING - KAPITAAL - AANDELEN
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 2025802,9 k €↓
2024
Annual accounts 2024841,6 k €↑
2023
Annual accounts 2023705,2 k €↑
2022
Annual accounts 2022379,1 k €↓
2021
Annual accounts 2021392,1 k €↑
2020
Annual accounts 2020255,8 k €↑
2019
Annual accounts 2019126,9 k €↑
2018
Annual accounts 201816,1 k €↓
2017
Annual accounts 201727,8 k €↑
2016
Annual accounts 201619,6 k €↓
2015
Annual accounts 201536,4 k €↑
2014
Annual accounts 201430,9 k €↓
2013
Annual accounts 201341 k €↑
2012
Annual accounts 201237,3 k €↑
2011
Annual accounts 201127 k €↑
2010
Annual accounts 20102,4 k €↑
2009
Annual accounts 2009-3,2 k €↓
2008
Annual accounts 200846,1 k €↓
2007
Annual accounts 200750,7 k €
20/09/1994
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

CBL-WELDING

Overview

What does CBL-WELDING 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