ACTIVE

CIBE.E

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Financial year 2025 · closed on 31/12/2025

Net result

-213,4 k €

-298.3% YoY

Gross margin

76,1 k €

-15.3% YoY

Equity

-32,7 k €

-118.1% YoY

What does CIBE.E do?

CIBE.E is a Public limited company incorporated in 1999. Its main activity is: Reinsurance. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0468.437.051

Incorporation

17/12/1999

Legal form

Public limited company

Registered office

Valkenveld 2
2610 Antwerpen · FlandreSee on map

Contributed capital

8 779 988,00 €

Latest accounts

31/12/2025

Activities (NACE)

65231Reinsurance· main 70100Activities of head offices 70100Activities of head offices 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	76,1 k €	-15.3%	89,8 k €	-33.7%	135,4 k €	-38.2%	219,2 k €	-51.0%	447 k €	+56.6%	285,4 k €	-23.6%	373,7 k €	+14.2%	327,2 k €	+43.8%	227,6 k €	+33.2%	170,9 k €	+31.1%	130,3 k €	+133%	55,9 k €	+102%	27,6 k €	-29.4%	39,1 k €	-74.0%	150,1 k €	+35.0%	111,2 k €	-14.8%	130,5 k €	+822%	-18,1 k €	-14.3%	-15,8 k €	+44.3%	-28,4 k €
EBITDA	-225 k €	-355%	88,3 k €	-33.7%	133,1 k €	-26.9%	182,1 k €	-55.7%	410,9 k €	+67.2%	245,8 k €	-28.8%	345,4 k €	+6.2%	325,2 k €	+48.1%	219,5 k €	+30.4%	168,4 k €	+31.7%	127,8 k €	+138%	53,8 k €	+207%	17,5 k €	-53.8%	37,9 k €	-74.4%	148,3 k €	+35.2%	109,7 k €	-12.7%	125,6 k €	+794%	-18,1 k €	-12.1%	-16,1 k €	-143%	37,3 k €
Operating result	-225 k €	-355%	88,3 k €	-33.7%	133,1 k €	-26.9%	182,1 k €	-55.7%	410,9 k €	+76.5%	232,8 k €	-29.9%	332,3 k €	+6.5%	312,2 k €	+51.2%	206,5 k €	+30.6%	158,1 k €	+34.5%	117,6 k €	+170%	43,5 k €	+568%	6,5 k €	-72.6%	23,8 k €	-82.3%	134,2 k €	+40.4%	95,6 k €	-14.8%	112,2 k €	+721%	-18,1 k €	-12.1%	-16,1 k €	-100%	4,3 M €
Net result	-213,4 k €	-298%	107,6 k €	-27.6%	148,6 k €	-25.8%	200,3 k €	-52.1%	418,3 k €	+45.2%	288,2 k €	-36.0%	450,5 k €	-11.3%	507,7 k €	+347%	113,6 k €	-66.7%	340,9 k €	+52.8%	223,1 k €	+130%	-738,5 k €	-180%	922,1 k €	+1419%	60,7 k €	-61.4%	157,2 k €	+62.1%	97 k €	-12.3%	110,6 k €	+73.3%	63,8 k €	+101%	-5,6 M €	-215%	4,9 M €
Balance sheet
Equity	-32,7 k €	-118%	180,6 k €	-57.3%	423 k €	+54.2%	274,4 k €	-64.6%	774,3 k €	+117%	356 k €	-84.9%	2,4 M €	+23.6%	1,9 M €	+36.3%	1,4 M €	+8.8%	1,3 M €	+36.0%	946 k €	+30.9%	723 k €	-50.5%	1,5 M €	+171%	539,4 k €	+12.7%	478,7 k €	+136%	203,1 k €	+91.4%	106,1 k €	+2464%	-4,5 k €	+100.0%	-12 M €	-87.5%	-6,4 M €
Total assets	34,3 k €	-88.3%	292,1 k €	-31.8%	428,3 k €	+49.3%	287 k €	-63.4%	783,5 k €	+112%	370,1 k €	-84.4%	2,4 M €	+23.0%	1,9 M €	+32.5%	1,5 M €	-5.0%	1,5 M €	+51.7%	1 M €	+26.6%	798,9 k €	-56.0%	1,8 M €	+232%	547,9 k €	+9.5%	500,3 k €	+110%	237,8 k €	+54.5%	153,9 k €	+1271%	11,2 k €	+0.6%	11,2 k €	-99.8%	5,6 M €
Cash	2,8 k €	-82.3%	16 k €	-14.8%	18,7 k €	+5.9%	17,7 k €	-42.4%	30,7 k €	+67.1%	18,3 k €	+10.9%	16,5 k €	-39.8%	27,5 k €	+164%	10,4 k €	-43.9%	18,5 k €	-5.6%	19,6 k €	+55618%	35,2 €	-91.4%	411,6 €	-98.8%	35,3 k €	-61.0%	90,4 k €	+99.5%	45,3 k €	+1751%	2,4 k €	+1383%	165,1 €		–		3,5 k €
Debts	67 k €	-39.9%	111,5 k €	+2025%	5,2 k €	-58.2%	12,5 k €	+36.3%	9,2 k €	-34.3%	14 k €	-17.9%	17,1 k €	-25.5%	22,9 k €	-59.7%	56,9 k €	-77.0%	246,8 k €	+281%	64,8 k €	-14.2%	75,6 k €	-78.7%	355,4 k €	+4051%	8,6 k €	-60.5%	21,7 k €	-37.6%	34,7 k €	-27.4%	47,8 k €	+204%	15,7 k €	-99.9%	12 M €	+0.2%	12 M €

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 21 ended

Active mandates

Jean J.B. DERICK

Director

Active

Ended mandates

Gerda VAN HOEYDONCK

Director · since 09 février 2023

Ended

Stefaan SCHELFAUT

Director · since 07 février 2020

Ended

Stefaan SCHELFAUT

Director · since 08 septembre 2017 · until 08 juin 2020

Ended

Stefaan SCHELFAUT

Director · since 08 septembre 2017 · until 08 septembre 2020

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	03/07/2025	07/03/2024	31/08/2023	22/03/2022	08/06/2021
General meeting	04/06/2026	20/02/2025	10/02/2024	01/06/2023	18/03/2022	03/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/06/2026	29/07/2026	Dutch	PDF
Micro model	31/12/2024	20/02/2025	03/07/2025	Dutch	PDF
Micro model	31/12/2023	10/02/2024	07/03/2024	Dutch	PDF
Micro model	31/12/2022	01/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	18/03/2022	22/03/2022	Dutch	PDF
Abridged model	31/12/2020	03/06/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	07/02/2020	11/03/2020	Dutch	PDF
Micro model	31/12/2018	06/06/2019	12/06/2019	Dutch	PDF
Micro model	31/12/2017	07/06/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	12/06/2017	Dutch	PDF
Abridged model	31/12/2015	26/02/2016	26/02/2016	Dutch	PDF
Abridged model	31/12/2014	31/01/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	08/03/2014	21/03/2014	Dutch	PDF
Abridged model	31/12/2012	06/06/2013	16/09/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	27/09/2012	Dutch	PDF
Abridged modelCorrection	31/12/2010	02/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2010	02/06/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	03/06/2010	12/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	05/06/2008	01/09/2008	Dutch	PDF
Abridged model	31/12/2006	07/06/2007	26/09/2007	Dutch	PDF

Estimate

Indicative valuation

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 · 1 active · 21 ended

Active mandates

Jean J.B. DERICK

Director

Active

Ended mandates

Gerda VAN HOEYDONCK

Director · since 09 février 2023

Ended

Stefaan SCHELFAUT

Director · since 07 février 2020

Ended

Stefaan SCHELFAUT

Director · since 08 septembre 2017 · until 08 juin 2020

Ended

Stefaan SCHELFAUT

Director · since 08 septembre 2017 · until 08 septembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares14/06/2024
KAPITAAL - AANDELEN
PDF
Registered office19/07/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/03/2022
DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates03/03/2020
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/09/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates05/12/2016
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025-213,4 k €↓
2024
Annual accounts 2024107,6 k €↓
2023
Annual accounts 2023148,6 k €↓
2022
Annual accounts 2022200,3 k €↓
2021
Annual accounts 2021418,3 k €↑
2020
Annual accounts 2020288,2 k €↓
2019
Annual accounts 2019450,5 k €↓
2019
Name changeCIBE.E
2018
Annual accounts 2018507,7 k €↑
2017
Annual accounts 2017113,6 k €↓
2016
Annual accounts 2016340,9 k €↑
2015
Annual accounts 2015223,1 k €↑
2014
Annual accounts 2014-738,5 k €↓
2013
Annual accounts 2013922,1 k €↑
2012
Annual accounts 201260,7 k €↓
2011
Annual accounts 2011157,2 k €↑
2010
Annual accounts 201097 k €↓
2009
Annual accounts 2009110,6 k €↑
2008
Annual accounts 200863,8 k €↑
2008
Name changeCIBE EUROPE
2007
Annual accounts 2007-5,6 M €↓
2006
Annual accounts 20064,9 M €
2006
Name changeCIRSA BELGIUM
17/12/1999
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

CIBE.E

Overview

What does CIBE.E do?

Trend over 20 financial years

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