ACTIVE

CYBELLE

Financial year 2025 · closed on 31/12/2025
Net result
2,4 M €
-4.5% YoY
Gross margin
-472,9 k €
+1.1% YoY
Equity
43,3 M €
+5.8% YoY

What does CYBELLE do?

CYBELLE is a Public limited company incorporated in 1997. Its main activity is: Activities of holding companies. Its registered office is in Nivelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0461.480.270
Incorporation
19/09/1997
Legal form
Public limited company
Registered office
Rue Buisson-aux-Loups 6 box B
1400 Nivelles · WallonieSee on map
Contributed capital
17 500 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin-472,9 k €-478,1 k €-528,6 k €-610,2 k €-562,9 k €-612,2 k €-561,9 k €-279,5 k €-181,8 k €-142,7 k €-689,5 k €-158,1 k €112,7 k €-84,2 k €-57,1 k €-62 k €-64,5 k €
EBITDA-473 k €-478,2 k €-528,7 k €-610,3 k €-563,1 k €-612,5 k €-561,9 k €-286,6 k €-300 k €-142,7 k €-103,4 k €-131,3 k €-220,4 k €-690,8 k €-494,2 k €-192,5 k €-121,6 k €-58 k €-63 k €-122,5 k €
Operating result-473 k €-478,2 k €-528,7 k €-610,3 k €-563,1 k €-612,5 k €-561,9 k €-286,6 k €-300 k €-142,7 k €523,6 k €-758,3 k €-220,4 k €-690,8 k €-494,2 k €-192,5 k €-121,6 k €-70,8 k €110,2 k €-122,5 k €
Net result2,4 M €2,5 M €3 M €2,3 M €1,2 M €310,9 k €552,4 k €401,3 k €-49,5 k €1,1 M €1,1 M €-415,4 k €-336,6 k €896,3 k €2,3 M €1,8 M €3 M €70,1 k €-250,6 k €-449,5 k €
Balance sheet
Equity43,3 M €41 M €38,5 M €35,5 M €33,2 M €32 M €31,7 M €31,2 M €30,8 M €30,8 M €29,7 M €28,6 M €32,4 M €32,7 M €31,8 M €29,5 M €27,7 M €24,7 M €23,4 M €23,7 M €
Total assets43,5 M €42 M €39,4 M €37,5 M €36,2 M €36,1 M €36,9 M €37,3 M €37,9 M €43,5 M €29,9 M €28,8 M €32,5 M €32,8 M €31,9 M €33,6 M €27,8 M €24,8 M €24,9 M €25,1 M €
Cash415,4 k €250,3 k €781,3 k €138,6 k €1,2 M €490,7 k €558,2 k €1,1 M €957,1 k €2,4 M €1,1 M €3 M €3,1 M €5,6 M €5 M €7 M €3,3 M €342,4 k €928,8 €3,7 k €
Debts167,5 k €1 M €693,5 k €1,8 M €2,9 M €4 M €5 M €6 M €7 M €12,5 M €36,9 k €133 k €47,7 k €66 k €88,3 k €4,1 M €81,2 k €51,9 k €1,4 M €1,4 M €
Other
Workforce0,5 ETP0,9 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 29 ended

Active mandates

Djivan DJIERDJIAN

Managing director · since 02 juin 2025 · until 02 juin 2031

Active
Joel PERRIN

Director · since 05 juin 2023 · until 04 juin 2029

Active
Jean-Christophe BOGAERT

Director · since 02 septembre 2020 · until 07 juin 2027

Active

Ended mandates

Djivan DJIERDJIAN

Director · since 02 septembre 2024 · until 03 juin 2030

Ended
André PETITJEAN

Director · since 05 juin 2023 · until 02 septembre 2024

Ended
André PETITJEAN

Director · since 05 juin 2023 · until 04 juin 2029

Ended
Tigrane DJIERDJIAN

Director · since 05 juin 2023 · until 11 décembre 2024

Ended
At this address

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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 date31/07/202627/06/202502/07/202430/06/202331/08/202219/08/2021
General meeting01/06/202602/06/202503/06/202405/06/202315/06/202207/06/2021
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
Abridged modelCorrection31/12/202501/06/202631/07/2026FrenchPDF
Abridged model31/12/202501/06/202629/06/2026FrenchPDF
Abridged model31/12/202402/06/202527/06/2025FrenchPDF
Abridged model31/12/202303/06/202402/07/2024FrenchPDF
Abridged model31/12/202205/06/202330/06/2023FrenchPDF
Abridged model31/12/202115/06/202231/08/2022FrenchPDF
Abridged model31/12/202007/06/202119/08/2021FrenchPDF
Abridged model31/12/201901/06/202031/08/2020FrenchPDF
Abridged model31/12/201828/06/201923/07/2019FrenchPDF
Abridged model31/12/201709/08/201821/08/2018FrenchPDF
Abridged model31/12/201606/06/201721/08/2017FrenchPDF
Full model31/12/201506/06/201630/06/2016FrenchPDF
Full model31/12/201418/09/201528/09/2015FrenchPDF
Full model31/12/201310/09/201412/09/2014FrenchPDF
Abridged model31/12/201231/07/201328/08/2013FrenchPDF
Abridged model31/12/201104/06/201231/08/2012FrenchPDF
Abridged model31/12/201006/06/201108/06/2012FrenchPDF
Abridged model31/12/200925/06/201027/08/2010FrenchPDF
Abridged model31/12/200828/08/200931/08/2009FrenchPDF
Abridged model31/12/200712/09/200830/09/2008FrenchPDF
Abridged model31/12/200630/08/200730/08/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 29 ended

Active mandates

Djivan DJIERDJIAN

Managing director · since 02 juin 2025 · until 02 juin 2031

Active
Joel PERRIN

Director · since 05 juin 2023 · until 04 juin 2029

Active
Jean-Christophe BOGAERT

Director · since 02 septembre 2020 · until 07 juin 2027

Active

Ended mandates

Djivan DJIERDJIAN

Director · since 02 septembre 2024 · until 03 juin 2030

Ended
André PETITJEAN

Director · since 05 juin 2023 · until 02 septembre 2024

Ended
André PETITJEAN

Director · since 05 juin 2023 · until 04 juin 2029

Ended
Tigrane DJIERDJIAN

Director · since 05 juin 2023 · until 11 décembre 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates15/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office14/04/2021
    SIEGE SOCIAL
    PDF
  • Mandates01/10/2020
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office13/03/2019
    SIEGE SOCIAL
    PDF
  • Mandates29/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/02/2018
    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 20252,4 M €
  2. 2024
    Annual accounts 20242,5 M €
  3. 2023
    Annual accounts 20233 M €
  4. 2022
    Annual accounts 20222,3 M €
  5. 2021
    Annual accounts 20211,2 M €
  6. 2020
    Annual accounts 2020310,9 k €
  7. 2019
    Annual accounts 2019552,4 k €
  8. 2018
    Annual accounts 2018401,3 k €
  9. 2017
    Annual accounts 2017-49,5 k €
  10. 2016
    Annual accounts 20161,1 M €
  11. 2015
    Annual accounts 20151,1 M €
  12. 2014
    Annual accounts 2014-415,4 k €
  13. 2013
    Annual accounts 2013-336,6 k €
  14. 2012
    Annual accounts 2012896,3 k €
  15. 2011
    Annual accounts 20112,3 M €
  16. 2010
    Annual accounts 20101,8 M €
  17. 2009
    Annual accounts 20093 M €
  18. 2008
    Annual accounts 200870,1 k €
  19. 2007
    Annual accounts 2007-250,6 k €
  20. 2006
    Annual accounts 2006-449,5 k €
  21. 19/09/1997
    IncorporationPublic limited company