ACTIVE

C.E.T.B.

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Financial year 2025 · closed on 31/12/2025
Net result
9,7 M €
+8.8% YoY
Revenue
32,8 M €
+4.0% YoY
Equity
11,4 M €
-0.7% YoY
Workforce
1,0 ETP
-23.1% YoY

What does C.E.T.B. do?

C.E.T.B. is a Public limited company incorporated in 1994. Its main activity is: Treatment and disposal of non-hazardous waste. Its registered office is in Charleroi. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0454.301.676
Incorporation
13/12/1994
Legal form
Public limited company
Registered office
Route de Trazegnies 520
6031 Charleroi · WallonieSee on map
Contributed capital
644 523,16 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
38210Treatment and disposal of non-hazardous waste· main38213Treatment and disposal of non-hazardous waste45310Wholesale trade of motor vehicle parts and accessories43211Electrical installation43211Electrical installation43990Other specialised construction activities n.e.c.+2
Joint committees (2)
  • 200
  • 218
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Revenue32,8 M €31,6 M €23,2 M €19,6 M €18,7 M €4,8 M €10 M €8,1 M €7,1 M €6,2 M €6,7 M €7 M €8,1 M €8 M €8,9 M €5,5 M €9,7 M €14,5 M €
EBITDA15,9 M €15,4 M €10,2 M €8,6 M €4,6 M €657,5 k €3 M €1,7 M €1,9 M €1,5 M €1,6 M €1,9 M €2,5 M €2,5 M €3,2 M €1,7 M €3,2 M €4,9 M €
Operating result14,5 M €13,3 M €8,6 M €7,2 M €4,4 M €555,6 k €2,8 M €872,5 k €197,7 k €547,1 k €548 k €854,2 k €1,3 M €1,3 M €2 M €880,3 k €2,2 M €3,7 M €
Net result9,7 M €8,9 M €5,6 M €3,8 M €1,8 M €131,7 k €1,3 M €-56,2 k €-276 k €61,2 k €98,1 k €189,1 k €498,3 k €472,5 k €1,1 M €284,4 k €610,2 k €955,5 k €
Balance sheet
Equity11,4 M €11,5 M €9,9 M €6,1 M €2,5 M €845,9 k €2,8 M €1,5 M €1,5 M €1,8 M €1,8 M €1,7 M €1,6 M €1,4 M €1,8 M €1,3 M €1 M €714,2 k €
Total assets46,8 M €44,2 M €35,3 M €27,7 M €22,8 M €17 M €17,7 M €17,7 M €14,5 M €15,5 M €14,8 M €14,3 M €14,2 M €13 M €12,7 M €13,6 M €13,8 M €15,2 M €
Cash1,7 M €1,1 M €2 M €813,8 k €5,3 M €1,2 M €1,6 M €2,1 M €1,3 M €1,2 M €2,3 M €2,3 M €1,2 M €4,2 M €2,3 M €2,2 M €1,8 M €4,5 M €
Debts12,4 M €10,8 M €5,3 M €2,9 M €2,8 M €1,8 M €1,4 M €3,8 M €1,3 M €3 M €3,1 M €3,3 M €4,1 M €3,8 M €3,8 M €5,8 M €6,6 M €8,6 M €
Other
Workforce1,0 ETP1,3 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP–––––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 40 ended

Active mandates

Ronny BRICOULT

Director · since 01 novembre 2024 · until 01 novembre 2030

Active
Eric BRICOULT

Managing director · since 14 juin 2021 · until 14 juin 2027

Active
Eric GONDRY

Director · since 14 juin 2021 · until 14 juin 2027

Active

Ended mandates

Théo QUAGHEBEUR

Managing director · since 14 juin 2021 · until 31 octobre 2024

Ended
Théo QUAGHEBEUR

Managing director · since 14 juin 2021 · until 14 juin 2027

Ended
Eric BRICOULT

Managing director · since 11 décembre 2020 · until 14 juin 2021

Ended
Théo QUAGHEBEUR

Managing director · since 11 décembre 2020 · until 14 juin 2021

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date10/06/202607/06/202512/06/202412/06/202329/03/202218/06/2021
General meeting09/06/202605/06/202511/06/202412/06/202329/03/202214/06/2021
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

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202509/06/202610/06/2026FrenchPDF
Full model31/12/202405/06/202507/06/2025FrenchPDF
Full model31/12/202311/06/202412/06/2024FrenchPDF
Full model31/12/202212/06/202312/06/2023FrenchPDF
Full model31/12/202129/03/202229/03/2022FrenchPDF
Full model31/12/202014/06/202118/06/2021FrenchPDF
Full model31/12/201911/12/202013/12/2020FrenchPDF
Full model31/12/201825/06/201908/07/2019FrenchPDF
Full model31/12/201711/06/201826/06/2018FrenchPDF
Full model31/12/201612/06/201703/07/2017FrenchPDF
Full model31/12/201513/06/201622/06/2016FrenchPDF
Full model31/12/201408/06/201525/06/2015FrenchPDF
Full model31/12/201310/06/201401/07/2014FrenchPDF
Full model31/12/201210/06/201325/06/2013FrenchPDF
Full model31/12/201111/06/201214/06/2012FrenchPDF
Full model31/12/201014/06/201116/06/2011FrenchPDF
Full model31/12/200905/07/201013/07/2010FrenchPDF
Full model31/12/200808/06/200901/07/2009FrenchPDF
Full model31/12/200709/06/200808/09/2008FrenchPDF
Full model31/12/200629/06/200723/08/2007FrenchPDF
Full model31/12/200512/06/200630/10/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 3 active · 40 ended

Active mandates

Ronny BRICOULT

Director · since 01 novembre 2024 · until 01 novembre 2030

Active
Eric BRICOULT

Managing director · since 14 juin 2021 · until 14 juin 2027

Active
Eric GONDRY

Director · since 14 juin 2021 · until 14 juin 2027

Active

Ended mandates

Théo QUAGHEBEUR

Managing director · since 14 juin 2021 · until 31 octobre 2024

Ended
Théo QUAGHEBEUR

Managing director · since 14 juin 2021 · until 14 juin 2027

Ended
Eric BRICOULT

Managing director · since 11 décembre 2020 · until 14 juin 2021

Ended
Théo QUAGHEBEUR

Managing director · since 11 décembre 2020 · until 14 juin 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates15/07/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates30/06/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/05/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/05/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/07/2018
    DEMISSIONS, NOMINATIONS
    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 20259,7 M €↑
  2. 2024
    Annual accounts 20248,9 M €↑
  3. 2023
    Annual accounts 20235,6 M €↑
  4. 2022
    Annual accounts 20223,8 M €↑
  5. 2021
    Annual accounts 20211,8 M €↑
  6. 2020
    Annual accounts 2020131,7 k €↓
  7. 2019
    Annual accounts 20191,3 M €↑
  8. 2018
    Annual accounts 2018-56,2 k €↑
  9. 2017
    Annual accounts 2017-276 k €↓
  10. 2016
    Annual accounts 201661,2 k €↓
  11. 2015
    Annual accounts 201598,1 k €↓
  12. 2014
    Annual accounts 2014189,1 k €↓
  13. 2013
    Annual accounts 2013498,3 k €↑
  14. 2012
    Annual accounts 2012472,5 k €↓
  15. 2011
    Annual accounts 20111,1 M €↑
  16. 2010
    Annual accounts 2010284,4 k €↓
  17. 2009
    Annual accounts 2009610,2 k €↓
  18. 2008
    Annual accounts 2008955,5 k €
  19. 13/12/1994
    IncorporationPublic limited company