ACTIVE

CEZAM

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Financial year 2024 · closed on 31/12/2024

Net result

-1,9 M €

-791.5% YoY

Revenue

13,3 M €

-13.9% YoY

Equity

254,3 k €

-88.4% YoY

Workforce

7,3 ETP

-78.8% YoY

What does CEZAM do?

CEZAM is a Public limited company incorporated in 1998. Its registered office is in Bouillon. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0464.520.627

Incorporation

13/11/1998

Legal form

Public limited company

Registered office

Rue de la Girafe,Sensenruth 40
6832 Bouillon · WallonieSee on map

Contributed capital

1 250 000,00 €

Latest accounts

31/12/2024

Average workforce

7,3 ETP

Joint committees (2)

Signals

High revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	13,3 M €	-13.9%	15,5 M €	+5.1%	14,7 M €	+10.0%	13,4 M €	+19.6%	11,2 M €	+1.4%	11 M €	+14.7%	9,6 M €	-17.7%	11,7 M €	-9.9%	13 M €	+38.2%	9,4 M €	+6.7%	8,8 M €	-16.2%	10,5 M €	+2.7%	10,2 M €	-3.9%	10,6 M €	+2.7%	10,4 M €		–		–		–
EBITDA	-1,1 M €	-313%	513 k €	+2455%	20,1 k €	-96.1%	514,6 k €	+5.3%	488,8 k €	-19.1%	604,3 k €	+59.3%	379,4 k €	-22.8%	491,4 k €	-27.4%	676,6 k €	-48.3%	1,3 M €	+11.2%	1,2 M €	+423%	225 k €	-71.3%	784,4 k €	-31.5%	1,1 M €	-26.2%	1,6 M €	+17.1%	1,3 M €	-0.1%	1,3 M €	+87.2%	708,4 k €
Operating result	-1,7 M €	-718%	282,7 k €	+157%	-494,6 k €	-259%	310,1 k €	+438%	57,7 k €	-74.4%	225,5 k €	+140%	-569,1 k €	-3296%	-16,8 k €	+51.3%	-34,4 k €	-105%	661,1 k €	+17.5%	562,5 k €	+210%	-512,7 k €	-424%	158 k €	-71.2%	548,1 k €	-34.1%	831,5 k €	+57.6%	527,6 k €	-22.8%	683,4 k €	+139%	285,3 k €
Net result	-1,9 M €	-791%	279,8 k €	+151%	-544,1 k €	-344%	222,6 k €	+230%	67,4 k €	-59.8%	167,5 k €	+123%	-719,1 k €	-336%	-165,1 k €	-2218%	-7,1 k €	-107%	102,2 k €	-12.6%	116,8 k €	+113%	-887,2 k €	-750%	-104,3 k €	-153%	198,1 k €	-47.1%	374,4 k €	-30.8%	541,3 k €	+20.4%	449,5 k €	+519%	72,6 k €
Balance sheet
Equity	254,3 k €	-88.4%	2,2 M €	+14.3%	1,9 M €	+98.5%	965,4 k €	+7.9%	894,7 k €	+8.1%	827,3 k €	+16.8%	708,6 k €	-52.0%	1,5 M €	-12.7%	1,7 M €	+2.6%	1,6 M €	+3.3%	1,6 M €	+4.6%	1,5 M €	-38.1%	2,5 M €	+16.9%	2,1 M €	+7.0%	2 M €	+20.9%	1,6 M €	+39.6%	1,2 M €	+62.8%	716,3 k €
Total assets	7,8 M €	-12.8%	8,9 M €	+6.3%	8,4 M €	+20.6%	7 M €	-8.8%	7,6 M €	+12.0%	6,8 M €	-15.3%	8 M €	-7.4%	8,7 M €	-10.7%	9,7 M €	+25.8%	7,7 M €	-7.0%	8,3 M €	-10.7%	9,3 M €	-10.2%	10,4 M €	+4.6%	9,9 M €	+56.1%	6,4 M €	+22.7%	5,2 M €	+4.1%	5 M €	+5.6%	4,7 M €
Cash	11,7 k €	-94.9%	228,7 k €	-6.3%	244,1 k €	-23.6%	319,3 k €	-5.7%	338,6 k €	-22.2%	435,1 k €	+102%	214,9 k €	-18.6%	264 k €	-73.7%	1 M €	+168%	373,8 k €	+1.2%	369,4 k €	+292%	94,3 k €	-74.2%	365,1 k €	-32.3%	539,1 k €	-44.3%	967,9 k €	+26.0%	767,9 k €	+24.0%	619,4 k €	+741%	73,7 k €
Debts	7 M €	+11.0%	6,3 M €	+4.1%	6,1 M €	+8.5%	5,6 M €	-11.8%	6,3 M €	+13.4%	5,6 M €	-19.2%	6,9 M €	+2.0%	6,8 M €	-10.9%	7,6 M €	+28.9%	5,9 M €	-11.1%	6,6 M €	-13.7%	7,7 M €	-1.5%	7,8 M €	+1.2%	7,7 M €	+79.5%	4,3 M €	+23.3%	3,5 M €	-7.2%	3,8 M €	-5.3%	4 M €
Other
Workforce	7,3 ETP	-78.8%	34,4 ETP	+0.6%	34,2 ETP	-33.5%	51,4 ETP	-16.7%	61,7 ETP	+1.8%	60,6 ETP	+6.5%	56,9 ETP	-5.0%	59,9 ETP	+7.7%	55,6 ETP	-0.5%	55,9 ETP	-6.5%	59,8 ETP	-3.2%	61,8 ETP	-8.4%	67,5 ETP	+6.3%	63,5 ETP	+13.0%	56,2 ETP	+14.7%	49,0 ETP	+47.1%	33,3 ETP	+17.7%	28,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 2 active · 5 ended

Active mandates

Alexandre ROMAIN

Managing director · since 30 juin 2021 · until 30 juin 2027

Active

Valérie DAENEN

Director · since 30 juin 2021 · until 30 juin 2027

Active

Ended mandates

Alexandre ROMAIN

Managing director · since 31 mars 2015 · until 05 avril 2021

Ended

Alexandre ROMAIN

Managing director · since 31 mars 2015 · until 30 juin 2021

Ended

Valérie DAENEN

Director · since 31 mars 2015 · until 05 avril 2021

Ended

Valérie DAENEN

Director · since 31 mars 2015 · until 30 juin 2021

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	18/12/2025	08/10/2024	29/09/2023	31/08/2022	25/10/2021	15/07/2020
General meeting	06/12/2025	25/09/2024	30/06/2023	30/06/2022	30/06/2021	24/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	06/12/2025	18/12/2025	French	PDF
Full model	31/12/2023	25/09/2024	08/10/2024	French	PDF
Full model	31/12/2022	30/06/2023	29/09/2023	French	PDF
Full model	31/12/2021	30/06/2022	31/08/2022	French	PDF
Full modelCorrection	31/12/2020	30/06/2021	25/10/2021	French	PDF
Full model	31/12/2020	30/06/2021	19/08/2021	French	PDF
Full model	31/12/2019	24/06/2020	15/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	26/07/2019	French	PDF
Full model	31/12/2017	26/12/2018	28/12/2018	French	PDF
Full model	31/12/2016	18/06/2018	06/12/2018	French	PDF
Full model	31/12/2015	01/02/2017	27/04/2017	French	PDF
Full model	31/12/2014	29/06/2015	28/08/2015	French	PDF
Full model	31/12/2013	25/03/2014	29/04/2014	French	PDF
Full model	31/12/2012	25/02/2014	29/04/2014	French	PDF
Full model	31/12/2011	14/06/2013	05/07/2013	French	PDF
Full model	31/12/2010	30/09/2011	06/12/2011	French	PDF
Full model	31/12/2009	23/07/2010	30/09/2010	French	PDF
Abridged model	31/12/2008	28/10/2009	13/11/2009	French	PDF
Abridged model	31/12/2007	27/11/2008	27/11/2008	French	PDF
Abridged model	31/12/2006	10/12/2007	11/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2024 · 2 active · 5 ended

Active mandates

Alexandre ROMAIN

Managing director · since 30 juin 2021 · until 30 juin 2027

Active

Valérie DAENEN

Director · since 30 juin 2021 · until 30 juin 2027

Active

Ended mandates

Alexandre ROMAIN

Managing director · since 31 mars 2015 · until 05 avril 2021

Ended

Alexandre ROMAIN

Managing director · since 31 mars 2015 · until 30 juin 2021

Ended

Valérie DAENEN

Director · since 31 mars 2015 · until 05 avril 2021

Ended

Valérie DAENEN

Director · since 31 mars 2015 · until 30 juin 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/04/2015
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares13/11/2009
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates09/03/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates12/05/2006
SIEGE SOCIAL - DENOMINATION - OBJET
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

2024
Annual accounts 2024-1,9 M €↓
2023
Annual accounts 2023279,8 k €↑
2022
Annual accounts 2022-544,1 k €↓
2021
Annual accounts 2021222,6 k €↑
2020
Annual accounts 202067,4 k €↓
2019
Annual accounts 2019167,5 k €↑
2018
Annual accounts 2018-719,1 k €↓
2017
Annual accounts 2017-165,1 k €↓
2016
Annual accounts 2016-7,1 k €↓
2014
Annual accounts 2014102,2 k €↓
2013
Annual accounts 2013116,8 k €↑
2012
Annual accounts 2012-887,2 k €↓
2011
Annual accounts 2011-104,3 k €↓
2010
Annual accounts 2010198,1 k €↓
2009
Annual accounts 2009374,4 k €↓
2008
Annual accounts 2008541,3 k €↑
2007
Annual accounts 2007449,5 k €↑
2006
Annual accounts 200672,6 k €
13/11/1998
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

CEZAM

Overview

What does CEZAM do?

Trend over 18 financial years

Indicative valuation

Board of directors

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