ACTIVE

CETIM PROJECTS

Financial year 2025 · closed on 31/12/2025
Net result
1,2 M €
+103.7% YoY
Gross margin
-172,9 k €
+29.6% YoY
Equity
94,3 k €
+115.1% YoY

What does CETIM PROJECTS do?

CETIM PROJECTS is a Public limited company incorporated in 1996. Its main activity is: Real estate agencies. Its registered office is in Watermael-Boitsfort.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0457.885.530
Incorporation
09/05/1996
Legal form
Public limited company
Registered office
Chaussée de La Hulpe 181
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
65 193,32 €
Latest accounts
31/12/2025
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin-172,9 k €-245,4 k €-615 k €-303,9 k €-339 k €-413,9 k €-345,3 k €215,3 k €253,7 k €296,1 k €254,4 k €741,5 k €215,2 k €241,9 k €235 k €256,5 k €218,4 k €334,9 k €
EBITDA-173,9 k €-246,4 k €-616 k €-311 k €-340,2 k €-550,2 k €-522,8 k €20,7 k €69 k €94,2 k €50,6 k €533,5 k €9,1 k €42,3 k €40,2 k €85,5 k €24,8 k €180,3 k €
Operating result-173,9 k €-246,4 k €-616 k €-311 k €-340,2 k €-556,6 k €-535,8 k €1,5 k €42,9 k €65,8 k €16,8 k €499,8 k €-11,4 k €19,5 k €19,6 k €64,8 k €1,7 k €161 k €
Net result1,2 M €599,4 k €-2,5 M €795,8 k €1,2 M €-1,1 M €-1 M €-297 k €53 k €10,7 k €15,7 k €488 k €-3,5 k €-2,9 k €13,3 k €-13,2 k €24 k €110,7 k €
Balance sheet
Equity94,3 k €-626,4 k €-1,2 M €1,3 M €485,6 k €-706 k €1,2 M €2,2 M €2,5 M €730,1 k €719,3 k €703,6 k €665,6 k €669 k €671,9 k €658,6 k €671,8 k €647,8 k €
Total assets1,3 M €11,4 M €10,5 M €18,2 M €19,3 M €22,6 M €21,8 M €23,2 M €10,6 M €7,1 M €3,5 M €3,6 M €2,2 M €2,6 M €2,4 M €2,4 M €1,3 M €1,3 M €
Cash467,5 k €674,5 k €616,7 k €426,2 k €1,3 M €199,4 k €1,3 M €186,9 k €55,4 k €2,1 M €225,9 k €111,4 k €50,1 k €25,9 k €120,8 k €8,9 k €50,9 k €327,8 k €
Debts1,2 M €12 M €11,7 M €16,9 M €18,8 M €23,3 M €20,6 M €20,9 M €8 M €6,4 M €2,8 M €2,9 M €1,5 M €2 M €1,7 M €1,7 M €602,1 k €694,4 k €
Other
Workforce1,5 ETP1,9 ETP2,3 ETP2,4 ETP2,9 ETP2,9 ETP2,8 ETP2,8 ETP2,8 ETP2,7 ETP2,3 ETP3,0 ETP2,4 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 43 ended

Active mandates

HARMONT INVEST

Director · since 09 mai 2023 · until 08 mai 2029 · 0477.601.274

Represented by Eddy Hartung

Active
IMMOPUB

Director · since 09 mai 2023 · until 08 mai 2029 · 0475.285.548

Represented by Patrick Lemerle

Active
PASCAL BALTUS

Director · since 09 mai 2023 · until 08 mai 2029 · 0893.546.380

Represented by Pascal Baltus

Active
Philing

Director · since 09 mai 2023 · until 08 mai 2029 · 0843.588.214

Represented by Marc Van Doornick

Active
RE INVEST

Chairman of the board of directors · since 09 mai 2023 · until 31 décembre 2024 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Active
VFRANCO

Managing director · since 09 mai 2023 · until 08 mai 2029 · 0743.869.442

Represented by Victor Franco

Active
Vincent Doumier

Director · since 09 mai 2023 · until 30 septembre 2024 · 0502.670.529

Represented by Vincent Doumier

Active

Ended mandates

Philing

Director · since 09 mai 2023 · until 08 mai 2029 · 0843.588.214

Represented by Marc Van Doornick

Ended
RE INVEST

Chairman of the board of directors · since 09 mai 2023 · until 12 mai 2026 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 09 mai 2023 · until 12 mai 2026 · 0502.670.529

Represented by Vincent Doumier

Ended
RE INVEST

Chairman of the board of directors · since 11 mai 2021 · until 09 mai 2023 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

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 date09/06/202617/06/202505/06/202416/06/202301/06/202203/06/2021
General meeting12/05/202613/05/202514/05/202409/05/202310/05/202211/05/2021
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 model31/12/202512/05/202609/06/2026FrenchPDF
Abridged model31/12/202413/05/202517/06/2025FrenchPDF
Abridged model31/12/202314/05/202405/06/2024FrenchPDF
Abridged model31/12/202209/05/202316/06/2023FrenchPDF
Abridged model31/12/202110/05/202201/06/2022FrenchPDF
Abridged model31/12/202011/05/202103/06/2021FrenchPDF
Abridged model31/12/201912/05/202017/06/2020FrenchPDF
Abridged model31/12/201814/05/201914/06/2019FrenchPDF
Abridged model31/12/201708/05/201808/06/2018FrenchPDF
Abridged model31/12/201609/05/201730/05/2017FrenchPDF
Abridged model31/12/201510/05/201629/06/2016FrenchPDF
Abridged model31/12/201412/05/201516/07/2015FrenchPDF
Abridged model31/12/201313/05/201419/06/2014FrenchPDF
Abridged model31/12/201214/05/201318/06/2013FrenchPDF
Abridged model31/12/201108/05/201222/05/2012FrenchPDF
Abridged model31/12/201010/05/201101/06/2011FrenchPDF
Abridged model31/12/200911/05/201001/06/2010FrenchPDF
Abridged model31/12/200812/05/200910/06/2009FrenchPDF
Abridged model31/12/200713/05/200811/06/2008FrenchPDF
Abridged model31/12/200625/06/200727/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 7 active · 43 ended

Active mandates

HARMONT INVEST

Director · since 09 mai 2023 · until 08 mai 2029 · 0477.601.274

Represented by Eddy Hartung

Active
IMMOPUB

Director · since 09 mai 2023 · until 08 mai 2029 · 0475.285.548

Represented by Patrick Lemerle

Active
PASCAL BALTUS

Director · since 09 mai 2023 · until 08 mai 2029 · 0893.546.380

Represented by Pascal Baltus

Active
Philing

Director · since 09 mai 2023 · until 08 mai 2029 · 0843.588.214

Represented by Marc Van Doornick

Active
RE INVEST

Chairman of the board of directors · since 09 mai 2023 · until 31 décembre 2024 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Active
VFRANCO

Managing director · since 09 mai 2023 · until 08 mai 2029 · 0743.869.442

Represented by Victor Franco

Active
Vincent Doumier

Director · since 09 mai 2023 · until 30 septembre 2024 · 0502.670.529

Represented by Vincent Doumier

Active

Ended mandates

Philing

Director · since 09 mai 2023 · until 08 mai 2029 · 0843.588.214

Represented by Marc Van Doornick

Ended
RE INVEST

Chairman of the board of directors · since 09 mai 2023 · until 12 mai 2026 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 09 mai 2023 · until 12 mai 2026 · 0502.670.529

Represented by Vincent Doumier

Ended
RE INVEST

Chairman of the board of directors · since 11 mai 2021 · until 09 mai 2023 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/09/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/03/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring27/11/2020
    DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates21/10/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring30/09/2020
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates03/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/06/2018
    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 20251,2 M €
  2. 2024
    Annual accounts 2024599,4 k €
  3. 2023
    Annual accounts 2023-2,5 M €
  4. 2022
    Annual accounts 2022795,8 k €
  5. 2021
    Annual accounts 20211,2 M €
  6. 2020
    Annual accounts 2020-1,1 M €
  7. 2019
    Annual accounts 2019-1 M €
  8. 2018
    Annual accounts 2018-297 k €
  9. 2017
    Annual accounts 201753 k €
  10. 2016
    Annual accounts 201610,7 k €
  11. 2015
    Annual accounts 201515,7 k €
  12. 2014
    Annual accounts 2014488 k €
  13. 2013
    Annual accounts 2013-3,5 k €
  14. 2012
    Annual accounts 2012-2,9 k €
  15. 2011
    Annual accounts 201113,3 k €
  16. 2010
    Annual accounts 2010-13,2 k €
  17. 2009
    Annual accounts 200924 k €
  18. 2008
    Annual accounts 2008110,7 k €
  19. 09/05/1996
    IncorporationPublic limited company