ACTIVE

C.E.M.

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Financial year 2025 · closed on 31/12/2025
Net result
890,0 k €
+2101.1% YoY
Gross margin
1,2 M €
+1858.0% YoY
Equity
1,3 M €
+202.7% YoY

What does C.E.M. do?

C.E.M. is a Public limited company incorporated in 1994. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Antwerpen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.240.508
Incorporation
16/12/1994
Legal form
Public limited company
Registered office
Posthofbrug 10 box 4
2600 Antwerpen · FlandreSee on map
Contributed capital
127 578,65 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate70203Management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin1,2 M €60,8 k €63,1 k €62,9 k €59,4 k €56,2 k €59,3 k €59,0 k €60,5 k €52,0 k €35,4 k €37,1 k €53,0 k €47,3 k €45,7 k €44,0 k €45,3 k €44,2 k €51,8 k €
EBITDA1,2 M €54,3 k €56,9 k €57,6 k €54,0 k €50,8 k €53,5 k €52,0 k €55,7 k €47,3 k €29,0 k €31,7 k €48,1 k €42,9 k €41,5 k €39,8 k €40,7 k €40,2 k €41,9 k €
Operating result1,2 M €53,2 k €55,8 k €56,5 k €52,9 k €49,7 k €53,4 k €50,7 k €41,9 k €29,3 k €11,1 k €13,4 k €29,6 k €24,4 k €18,3 k €14,2 k €14,7 k €15,5 k €10,9 k €
Net result890,0 k €40,4 k €41,8 k €41,7 k €39,3 k €37,0 k €36,4 k €34,8 k €27,5 k €20,3 k €8,8 k €11,3 k €21,6 k €23,2 k €18,2 k €13,7 k €16,5 k €15,7 k €4,3 k €
Balance sheet
Equity1,3 M €439,0 k €398,5 k €356,7 k €315,0 k €275,7 k €238,7 k €202,3 k €167,5 k €140,0 k €259,7 k €250,8 k €239,6 k €218,0 k €444,7 k €426,6 k €412,9 k €396,4 k €380,6 k €
Total assets1,3 M €450,5 k €416,9 k €419,7 k €339,9 k €300,9 k €262,2 k €227,1 k €188,2 k €290,0 k €264,7 k €259,1 k €247,5 k €221,6 k €448,5 k €428,7 k €416,0 k €399,0 k €381,9 k €
Cash1,3 M €368,3 k €336,5 k €341,0 k €260,6 k €219,2 k €180,6 k €156,8 k €116,7 k €210,8 k €160,0 k €143,5 k €106,7 k €67,4 k €23,1 k €30,5 k €41,0 k €143,1 k €1,7 k €
Debts2,5 k €3,0 k €12,0 k €57,0 k €19,3 k €19,7 k €18,1 k €19,5 k €15,4 k €150,0 k €5,0 k €8,3 k €7,9 k €3,6 k €3,8 k €2,1 k €3,1 k €2,6 k €1,2 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Jeroen Westerveld

Director · since 25 mai 2023 · until 04 juin 2029

Active

Ended mandates

Jan Westerveld

Director · since 15 septembre 2020 · until 15 septembre 2026

Ended
Jan WESTERVELD

Director · since 03 juin 2019 · until 03 juin 2024

Ended
KLUTHE BENELUX HOLDING B.V.

Director · since 03 juin 2019 · until 03 juin 2024

Represented by Jan Westerveld

Ended
Jan WESTERVELD

Director · since 02 juin 2014 · until 02 juin 2019

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202603/06/202505/06/202429/06/202325/07/202210/08/2021
General meeting01/06/202602/06/202503/06/202405/06/202330/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202601/06/2026DutchPDF
Abridged model31/12/202402/06/202503/06/2025DutchPDF
Abridged model31/12/202303/06/202405/06/2024DutchPDF
Abridged model31/12/202205/06/202329/06/2023DutchPDF
Abridged model31/12/202130/06/202225/07/2022DutchPDF
Abridged model31/12/202014/06/202110/08/2021DutchPDF
Micro model31/12/201902/06/202027/07/2020DutchPDF
Abridged model31/12/201803/06/201919/06/2019DutchPDF
Abridged model31/12/201704/06/201822/06/2018DutchPDF
Abridged model31/12/201606/06/201709/06/2017DutchPDF
Abridged model31/12/201506/06/201610/06/2016DutchPDF
Abridged model31/12/201401/06/201519/06/2015DutchPDF
Abridged model31/12/201302/06/201403/06/2014DutchPDF
Abridged model31/12/201203/06/201327/09/2013DutchPDF
Abridged model31/12/201104/06/201212/06/2012DutchPDF
Abridged model31/12/201006/06/201128/09/2011DutchPDF
Abridged model31/12/200907/06/201016/06/2010DutchPDF
Abridged model31/12/200802/06/200911/06/2009DutchPDF
Abridged model31/12/200702/06/200826/06/2008DutchPDF
Abridged model30/09/200605/03/200723/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 31/12/2025 · 1 active · 13 ended

Active mandates

Jeroen Westerveld

Director · since 25 mai 2023 · until 04 juin 2029

Active

Ended mandates

Jan Westerveld

Director · since 15 septembre 2020 · until 15 septembre 2026

Ended
Jan WESTERVELD

Director · since 03 juin 2019 · until 03 juin 2024

Ended
KLUTHE BENELUX HOLDING B.V.

Director · since 03 juin 2019 · until 03 juin 2024

Represented by Jan Westerveld

Ended
Jan WESTERVELD

Director · since 02 juin 2014 · until 02 juin 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates13/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office25/06/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates30/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office20/02/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates11/05/2015
    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

Timeline

  1. 2025
    Annual accounts 2025890,0 k €↑
  2. 2024
    Annual accounts 202440,4 k €↓
  3. 2023
    Annual accounts 202341,8 k €↑
  4. 2022
    Annual accounts 202241,7 k €↑
  5. 2021
    Annual accounts 202139,3 k €↑
  6. 2020
    Annual accounts 202037,0 k €↑
  7. 2019
    Annual accounts 201936,4 k €↑
  8. 2018
    Annual accounts 201834,8 k €↑
  9. 2017
    Annual accounts 201727,5 k €↑
  10. 2016
    Annual accounts 201620,3 k €↑
  11. 2015
    Annual accounts 20158,8 k €↓
  12. 2014
    Annual accounts 201411,3 k €↓
  13. 2013
    Annual accounts 201321,6 k €↓
  14. 2012
    Annual accounts 201223,2 k €↑
  15. 2011
    Annual accounts 201118,2 k €↑
  16. 2010
    Annual accounts 201013,7 k €↓
  17. 2009
    Annual accounts 200916,5 k €↑
  18. 2008
    Annual accounts 200815,7 k €↑
  19. 2007
    Annual accounts 20074,3 k €
  20. 16/12/1994
    IncorporationPublic limited company