ACTIVE

CDC UNITED NETWORK

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Financial year 2015 · closed on 31/12/2015

Net result

-28,3 k €

-172.4% YoY

Gross margin

1 M €

+12.3% YoY

Equity

739 k €

-6.0% YoY

Workforce

5,0 ETP

0.0% YoY

What does CDC UNITED NETWORK do?

CDC UNITED NETWORK is a Public limited company incorporated in 1995. Its registered office is in Ixelles. It employs on average 5,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.509.723

Incorporation

06/07/1995

Legal form

Public limited company

Registered office

Avenue Louise 480
1050 Ixelles · BruxellesSee on map

Latest accounts

31/12/2015

Average workforce

5,0 ETP

Joint committees (4)

100
227
303
30302

Signals

Solid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	+12.3%	931,5 k €	+14.1%	816,7 k €	-5.6%	865,2 k €	+13.9%	759,7 k €	-11.7%	860,2 k €	+13.1%	760,8 k €	-6.7%	815,1 k €	-21.0%	1 M €	+49.1%	691,9 k €
EBITDA	677,7 k €	+19.4%	567,6 k €	+8.8%	521,9 k €	+13.4%	460,2 k €	+19.0%	386,7 k €	-8.1%	420,7 k €	-8.9%	461,9 k €	-9.1%	508 k €	-15.4%	600,6 k €	+69.0%	355,4 k €
Operating result	-145,5 k €	-996%	16,2 k €	-77.3%	71,7 k €	-33.8%	108,4 k €	+66.3%	65,2 k €	+14.0%	57,2 k €	+58.4%	36,1 k €	+91.4%	18,9 k €	-93.0%	269,9 k €	+3279%	-8,5 k €
Net result	-28,3 k €	-172%	39,1 k €	+23.9%	31,5 k €	-90.2%	320,9 k €	+5050%	6,2 k €	-63.7%	17,2 k €	+1085%	1,4 k €	-78.8%	6,8 k €	-74.9%	27,3 k €	+167%	10,2 k €
Balance sheet
Equity	739 k €	-6.0%	785,9 k €	+5.2%	746,8 k €	+4.4%	715,3 k €	+69.9%	420,9 k €	+1.5%	414,7 k €	+7.2%	386,7 k €	+10.0%	351,5 k €	+2.0%	344,7 k €	+4.5%	329,9 k €
Total assets	1,8 M €	-30.9%	2,6 M €	+3.3%	2,5 M €	-8.0%	2,8 M €	+15.6%	2,4 M €	+5.3%	2,3 M €	+10.5%	2,1 M €	-0.7%	2,1 M €	-11.6%	2,3 M €	-6.8%	2,5 M €
Cash	139,9 k €	+44.4%	96,8 k €	+271%	26,1 k €	-78.9%	123,9 k €	-10.2%	138 k €	+1121%	11,3 k €	-66.6%	33,9 k €	-57.9%	80,5 k €	-66.8%	242,7 k €	+50.0%	161,7 k €
Debts	774,5 k €	-30.1%	1,1 M €	-24.8%	1,5 M €	-4.1%	1,5 M €	-21.9%	2 M €	+6.2%	1,9 M €	+11.2%	1,7 M €	-3.0%	1,7 M €	-13.9%	2 M €	-8.2%	2,2 M €
Other
Workforce	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+2.0%	4,9 ETP	+8.9%	4,5 ETP	-2.2%	4,6 ETP	0.0%	4,6 ETP	-2.1%	4,7 ETP	-7.8%	5,1 ETP	-3.8%	5,3 ETP

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 31/12/2015 · 3 active · 15 ended

Active mandates

SIMANCAS

Managing director · since 29 juin 2015 · until 25 mai 2021 · 0847.581.446

Represented by Pieter COSIJN

Active

Alexandre Lippens

Chairman of the board of directors · since 16 septembre 2013 · until 31 mai 2019

Active

Erik Jensen

Managing director · since 16 septembre 2013 · until 31 mai 2019

Active

Ended mandates

Maximilian WEINER

Director · since 16 septembre 2013 · until 31 mai 2019

Ended

Upstream Holdings

Director · since 16 septembre 2013 · until 31 mai 2019 · 0527.962.387

Represented by Maximilian WEINER

Ended

Alexandre LIPPENS

Chairman of the board of directors · since 14 décembre 2012 · until 31 mai 2017

Ended

Upstream Holdings

Director · since 14 décembre 2012 · until 30 mai 2017

Represented by Maximilian WEINER

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2025	21/08/2024	05/07/2023	31/08/2022	31/08/2021	28/10/2020
General meeting	24/06/2025	25/06/2024	31/05/2023	04/07/2022	25/05/2021	02/07/2020
Currency of the financial year	USD	USD	USD	USD	USD	USD
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	31/12/2024	24/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	21/08/2024	French	PDF
Abridged model	31/12/2022	31/05/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	04/07/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	25/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/07/2020	28/10/2020	French	PDF
Abridged model	31/12/2018	01/08/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	27/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	09/05/2016	20/07/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	22/07/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	16/09/2013	30/09/2013	French	PDF
Abridged model	31/12/2011	25/07/2012	29/08/2012	French	PDF
Abridged model	31/12/2010	20/09/2011	25/10/2011	French	PDF
Abridged model	31/12/2009	20/07/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	03/07/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	06/06/2008	23/06/2008	French	PDF
Abridged model	31/12/2006	29/05/2007	02/07/2007	French	PDF

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 31/12/2015 · 3 active · 15 ended

Active mandates

SIMANCAS

Managing director · since 29 juin 2015 · until 25 mai 2021 · 0847.581.446

Represented by Pieter COSIJN

Active

Alexandre Lippens

Chairman of the board of directors · since 16 septembre 2013 · until 31 mai 2019

Active

Erik Jensen

Managing director · since 16 septembre 2013 · until 31 mai 2019

Active

Ended mandates

Maximilian WEINER

Director · since 16 septembre 2013 · until 31 mai 2019

Ended

Upstream Holdings

Director · since 16 septembre 2013 · until 31 mai 2019 · 0527.962.387

Represented by Maximilian WEINER

Ended

Alexandre LIPPENS

Chairman of the board of directors · since 14 décembre 2012 · until 31 mai 2017

Ended

Upstream Holdings

Director · since 14 décembre 2012 · until 30 mai 2017

Represented by Maximilian WEINER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office04/11/2025
SIEGE SOCIAL
PDF
Mandates29/01/2024
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/12/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/12/2019
CAPITAL, ACTIONS
PDF
Other23/05/2016
DIVERS
PDF
Other20/05/2016
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/01/2016
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Mandates07/08/2015
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

2015
Annual accounts 2015-28,3 k €↓
2014
Annual accounts 201439,1 k €↑
2013
Annual accounts 201331,5 k €↓
2012
Annual accounts 2012320,9 k €↑
2011
Annual accounts 20116,2 k €↓
2010
Annual accounts 201017,2 k €↑
2009
Annual accounts 20091,4 k €↓
2008
Annual accounts 20086,8 k €↓
2007
Annual accounts 200727,3 k €↑
2006
Annual accounts 200610,2 k €
06/07/1995
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

CDC UNITED NETWORK

Overview

What does CDC UNITED NETWORK do?

Trend over 10 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