ACTIVE

CERESCOR

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Financial year 2025 · closed on 31/12/2025
Net result
72,6 k €
-3.6% YoY
Gross margin
181,1 k €
-1.1% YoY
Equity
632,4 k €
+13.0% YoY

What does CERESCOR do?

CERESCOR is a Public limited company incorporated in 1995. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Wavre.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0455.210.508
Incorporation
30/05/1995
Legal form
Public limited company
Registered office
Rue Félicien Mosray 9 A
1300 Wavre · WallonieSee on map
Contributed capital
61 973,38 €
Latest accounts
31/12/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy74203Photographic activities41101Development of building projects68100Buying and selling of own real estate68110Buying and selling of own real estate+9
Joint committees (3)
  • 200
  • 218
  • 336
Contacts
2 public details availableLog in to view
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 15 financial years

202520242023202120202019201820172016201520142013201220112010
Income statement
Gross margin181,1 k €183,1 k €180,6 k €195,4 k €77,8 k €70,8 k €56,4 k €115 k €183,4 k €130,3 k €42,9 k €48,6 k €46,3 k €32,6 k €67,5 k €
EBITDA178,8 k €181,9 k €178,1 k €91,9 k €38,2 k €34,2 k €20,1 k €79 k €147,3 k €95,3 k €23 k €27,3 k €26,1 k €12,8 k €46,7 k €
Operating result185,6 k €173,2 k €168,6 k €90,3 k €36,6 k €32,7 k €18,5 k €77,4 k €145,7 k €95,3 k €22,8 k €26,9 k €25,7 k €12,2 k €38,1 k €
Net result72,6 k €75,3 k €80,2 k €17,3 k €20,9 k €29,9 k €4,6 k €24,9 k €99 k €52,5 k €21,2 k €17 k €12,8 k €6,4 k €20,6 k €
Balance sheet
Equity632,4 k €559,8 k €484,4 k €397,9 k €380,5 k €359,7 k €329,7 k €325,1 k €300,2 k €185,7 k €208,2 k €187 k €170 k €157,2 k €150,8 k €
Total assets1,9 M €1,9 M €1,3 M €1,3 M €393,6 k €361,2 k €329,7 k €328,9 k €304,1 k €284,7 k €212,7 k €190,5 k €172,8 k €159,2 k €159,1 k €
Cash47,1 k €77,3 k €123,1 k €398 k €380,2 k €347,6 k €311,6 k €314,2 k €280,1 k €182,5 k €104,5 k €84,4 k €168,9 k €157,8 k €156,6 k €
Debts43,8 k €503,1 k €24,6 k €17,6 k €13,1 k €1,5 k €–3,9 k €3,9 k €83,5 k €4,5 k €3,4 k €2,7 k €2 k €8,3 k €
Other
Workforce––––––1,0 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 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Jean-Michel GHEERAERDTS

Mandate

Active

Ended mandates

Anne Amand

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean - Michel Gheeraerts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean-Luc Gheeraerdts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean-Michel Gheeraerdts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelMicro 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 date05/08/202607/04/202525/08/202423/03/202313/03/202210/03/2021
General meeting15/07/202607/03/202512/07/202405/03/202304/03/202205/03/2021
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 model31/12/202515/07/202605/08/2026FrenchPDF
Abridged model31/12/202407/03/202507/04/2025FrenchPDF
Abridged model31/12/202312/07/202425/08/2024FrenchPDF
Micro model31/12/202205/03/202323/03/2023DutchPDF
Micro model31/12/202104/03/202213/03/2022DutchPDF
Micro model31/12/202005/03/202110/03/2021DutchPDF
Micro model31/12/201906/03/202013/03/2020DutchPDF
Abridged model31/12/201801/03/201904/03/2019DutchPDF
Abridged model31/12/201702/03/201808/03/2018DutchPDF
Abridged model31/12/201603/03/201721/03/2017DutchPDF
Abridged model31/12/201506/03/201611/03/2016DutchPDF
Abridged model31/12/201406/03/201514/03/2015DutchPDF
Abridged model31/12/201307/03/201418/03/2014DutchPDF
Abridged model31/12/201201/03/201320/03/2013DutchPDF
Abridged model31/12/201102/03/201212/03/2012DutchPDF
Abridged model31/12/201004/03/201123/03/2011DutchPDF
Abridged model31/12/200905/03/201012/03/2010DutchPDF
Abridged model31/12/200806/03/200911/03/2009DutchPDF
Abridged model31/12/200707/03/200818/03/2008DutchPDF
Abridged model31/12/200602/03/200707/03/2007DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Jean-Michel GHEERAERDTS

Mandate

Active

Ended mandates

Anne Amand

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean - Michel Gheeraerts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean-Luc Gheeraerdts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Jean-Michel Gheeraerdts

Director · since 01 mars 2019 · until 07 mars 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other06/07/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - OBJET
    PDF
  • Registered office15/05/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/03/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office16/07/2014
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates28/03/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares08/03/2010
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/03/2007
    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 202572,6 k €↓
  2. 2024
    Annual accounts 202475,3 k €↓
  3. 2023
    Annual accounts 202380,2 k €↑
  4. 2021
    Annual accounts 202117,3 k €↓
  5. 2020
    Annual accounts 202020,9 k €↓
  6. 2019
    Annual accounts 201929,9 k €↑
  7. 2018
    Annual accounts 20184,6 k €↓
  8. 2017
    Annual accounts 201724,9 k €↓
  9. 2016
    Annual accounts 201699 k €↑
  10. 2015
    Annual accounts 201552,5 k €↑
  11. 2014
    Annual accounts 201421,2 k €↑
  12. 2013
    Annual accounts 201317 k €↑
  13. 2012
    Annual accounts 201212,8 k €↑
  14. 2011
    Annual accounts 20116,4 k €↓
  15. 2010
    Annual accounts 201020,6 k €
  16. 30/05/1995
    IncorporationPublic limited company