ACTIVE

CIGAL DEVELOPPEMENT

Financial year 2025 · Closed on 30/06/2025

Net result228,1 k €+88,7 %over 1 year
Gross margin739,7 k €+22,7 %over 1 year
Equity584,9 k €+13,2 %over 1 year
Workforce5,0 ETP-10,7 %over 1 year

Identity

Source · BCE/KBO

CIGAL DEVELOPPEMENT is a Public limited company incorporated in 1998. Its registered office is in Grâce-Hollogne. It employs on average 5,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0462.797.490
Incorporation
09/03/1998
Legal form
Public limited company
Registered office
Rue de l'Informatique 20
4460 Grâce-Hollogne · WallonieSee on map
Contributed capital
80 700,00 €
Latest accounts
30/06/2025
Average workforce
5,0 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 18 financial years

20252024202320222021
Income statement
Gross margin739,7 k €602,9 k €666,2 k €695,1 k €670,1 k €
EBITDA406,6 k €271,8 k €330,3 k €433,8 k €408,6 k €
Operating result259,7 k €129,2 k €232,2 k €328,5 k €319 k €
Net result228,1 k €120,9 k €216,4 k €281,2 k €279,3 k €
Balance sheet
Equity584,9 k €516,6 k €484,9 k €426,4 k €304 k €
Total assets1,6 M €1,6 M €1,8 M €1,9 M €1,8 M €
Cash331,5 k €251,9 k €350,7 k €463 k €502,8 k €
Debts981,8 k €1 M €1,3 M €1,4 M €1,4 M €
Other
Workforce5,0 ETP5,6 ETP5,6 ETP5,3 ETP4,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 23 ended

Active mandates

ATOL MANAGEMENT

Managing director · until 23 mai 2029 · 0731.687.529

Represented by TOMBEUR OLIVIER

Active
FEED & FOOD MANAGEMENT

Director · until 23 mai 2029 · 0870.901.236

Represented by BROUWERS BENOÎT

Active

Ended mandates

ATOL MANAGEMENT

Managing director · since 27 août 2019 · until 27 août 2025 · 0731.687.529

Represented by Olivier TOMBEUR

Ended
FEED & FOOD MANAGEMENT

Director · since 27 août 2019 · 0870.901.236

Represented by Benoît BROUWERS

Ended
FEED & FOOD MANAGEMENT

Director · since 27 août 2019 · until 27 août 2025 · 0870.901.236

Represented by Benoit BROUWERS

Ended
ATOL MANAGEMENT

Director · since 27 août 2018 · 0731.687.529

Represented by Olivier TOMBEUR

Ended

Other companies at this address

Rue de l'Informatique 20 4460 Grâce-Hollogne
CompanyCBE no.
0404.243.936
1034.775.709

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/12/202506/01/202504/01/202416/12/202219/11/202128/01/2021
General meeting08/12/202509/12/202411/12/202312/12/202216/11/202114/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202508/12/202519/12/2025FrenchPDF
Abridged model30/06/202409/12/202406/01/2025FrenchPDF
Abridged model30/06/202311/12/202304/01/2024FrenchPDF
Abridged model30/06/202212/12/202216/12/2022FrenchPDF
Abridged model30/06/202116/11/202119/11/2021FrenchPDF
Abridged model30/06/202014/12/202028/01/2021FrenchPDF
Abridged model30/06/201927/08/201921/10/2019FrenchPDF
Abridged model30/06/201810/12/201814/12/2018FrenchPDF
Micro model30/06/201711/12/201714/12/2017FrenchPDF
Abridged model30/06/201612/12/201619/12/2016FrenchPDF
Abridged model30/06/201514/12/201515/12/2015FrenchPDF
Abridged model30/06/201408/12/201417/12/2014FrenchPDF
Abridged model30/06/201309/12/201306/01/2014FrenchPDF
Abridged model30/06/201210/12/201212/12/2012FrenchPDF
Abridged model30/06/201112/12/201121/12/2011FrenchPDF
Abridged model30/06/201013/12/201016/12/2010FrenchPDF
Abridged model30/06/200914/12/200917/12/2009FrenchPDF
Abridged model30/06/200808/12/200822/12/2008FrenchPDF
Abridged model30/06/200710/12/200719/12/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 23 ended

Active mandates

ATOL MANAGEMENT

Managing director · until 23 mai 2029 · 0731.687.529

Represented by TOMBEUR OLIVIER

Active
FEED & FOOD MANAGEMENT

Director · until 23 mai 2029 · 0870.901.236

Represented by BROUWERS BENOÎT

Active

Ended mandates

ATOL MANAGEMENT

Managing director · since 27 août 2019 · until 27 août 2025 · 0731.687.529

Represented by Olivier TOMBEUR

Ended
FEED & FOOD MANAGEMENT

Director · since 27 août 2019 · 0870.901.236

Represented by Benoît BROUWERS

Ended
FEED & FOOD MANAGEMENT

Director · since 27 août 2019 · until 27 août 2025 · 0870.901.236

Represented by Benoit BROUWERS

Ended
ATOL MANAGEMENT

Director · since 27 août 2018 · 0731.687.529

Represented by Olivier TOMBEUR

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates25/09/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates13/07/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates06/01/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring13/04/2012
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring27/02/2012
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates09/02/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/12/2009
    DEMISSIONS, NOMINATIONS
    PDF

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 2025228,1 k €↑
  2. 2024
    Annual accounts 2024120,9 k €↓
  3. 2023
    Annual accounts 2023216,4 k €↓
  4. 2022
    Annual accounts 2022281,2 k €↑
  5. 2021
    Annual accounts 2021279,3 k €↑
  6. 2020
    Annual accounts 202040,9 k €↓
  7. 2019
    Annual accounts 2019176 k €↓
  8. 2018
    Annual accounts 2018255 k €↓
  9. 2017
    Annual accounts 2017320,1 k €↓
  10. 2016
    Annual accounts 2016403 k €↑
  11. 2015
    Annual accounts 2015356,6 k €↑
  12. 2014
    Annual accounts 2014193,3 k €↓
  13. 2013
    Annual accounts 2013685,6 k €↑
  14. 2011
    Annual accounts 2011420,3 k €↓
  15. 2010
    Annual accounts 2010465,5 k €↑
  16. 2009
    Annual accounts 2009199,5 k €↑
  17. 2008
    Annual accounts 2008132,9 k €↓
  18. 2007
    Annual accounts 2007189,6 k €
  19. 09/03/1998
    IncorporationPublic limited company