ACTIVE

Cardiogyn

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Financial year 2025 · closed on 31/12/2025

Net result

252 k €

+42.8% YoY

Gross margin

505,6 k €

+23.0% YoY

Equity

914 k €

-23.6% YoY

What does Cardiogyn do?

Cardiogyn is a Private limited company incorporated in 2000. Its main activity is: Specialist medical practice activities. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0469.898.682

Incorporation

19/01/2000

Legal form

Private limited company

Registered office

Avenue des Noisetiers 69 box A
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

6 200,02 €

Latest accounts

31/12/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	505,6 k €	+23.0%	411,1 k €	-9.6%	454,6 k €	+49.9%	303,3 k €	-13.6%	351 k €	+111%	166,3 k €	-40.6%	280 k €	+22.0%	229,5 k €	+99.3%	115,2 k €	-36.1%	180,3 k €	+69.3%	106,4 k €	-0.5%	107 k €	+33.4%	80,2 k €	-69.1%	259,7 k €	+34.8%	192,6 k €	-9.6%	213,1 k €	+13.6%	187,6 k €	+14.3%	164,1 k €
EBITDA	500,1 k €	+25.0%	400,1 k €	+10.5%	362,3 k €	+23.0%	294,5 k €	-9.2%	324,5 k €	+94.1%	167,2 k €	-33.2%	250,4 k €	+27.3%	196,7 k €	+131%	85,1 k €	+1506%	-6,1 k €	-108%	74,2 k €	-14.7%	86,9 k €	+45.1%	59,9 k €	-75.1%	240,5 k €	+74.3%	138 k €	-27.6%	190,5 k €	+14.4%	166,5 k €	+9.1%	152,6 k €
Operating result	397,6 k €	+34.3%	296,1 k €	+15.6%	256,1 k €	+14.4%	223,9 k €	-12.1%	254,7 k €	+160%	97,9 k €	-46.8%	184,1 k €	+85.5%	99,3 k €	+659%	-17,8 k €	+82.5%	-101,4 k €	-409%	32,8 k €	-25.4%	44 k €	+168%	16,4 k €	-91.7%	198,4 k €	+125%	88 k €	-42.2%	152,3 k €	+34.6%	113,2 k €	+31.2%	86,3 k €
Net result	252 k €	+42.8%	176,5 k €	+18.3%	149,2 k €	+1.6%	146,8 k €	-9.3%	161,9 k €	+162%	61,9 k €	-83.4%	372 k €	+335%	85,6 k €	+341%	-35,5 k €	+67.3%	-108,6 k €	-5750%	1,9 k €	-93.0%	27,6 k €	+80.9%	15,3 k €	-88.5%	132,6 k €	+73.3%	76,5 k €	-29.9%	109,2 k €	+33.5%	81,8 k €	+25.7%	65,1 k €
Balance sheet
Equity	914 k €	-23.6%	1,2 M €	+17.3%	1 M €	+17.1%	870,4 k €	+20.3%	723,6 k €	+28.8%	561,7 k €	+12.4%	499,8 k €	+291%	127,8 k €	-77.4%	564,1 k €	-5.9%	599,6 k €	-15.3%	708,3 k €	+0.3%	706,4 k €	+351%	156,8 k €	-78.3%	721,5 k €	+22.5%	588,9 k €	+14.9%	512,4 k €	+27.1%	403,2 k €	+25.5%	321,4 k €
Total assets	2,2 M €	-6.9%	2,3 M €	+4.3%	2,2 M €	+47.9%	1,5 M €	-16.4%	1,8 M €	+2.9%	1,8 M €	-0.8%	1,8 M €	-4.0%	1,9 M €	-1.6%	1,9 M €	-3.1%	1,9 M €	+122%	873,8 k €	+0.4%	870,4 k €	+8.0%	806,1 k €	-13.4%	931 k €	+13.4%	821,3 k €	+43.7%	571,7 k €	+15.1%	496,5 k €	+3.1%	481,7 k €
Cash	195 k €	+27.9%	152,5 k €	+32.6%	114,9 k €	+78.9%	64,2 k €	-79.9%	319,3 k €	+30.3%	245,1 k €	+49.0%	164,5 k €	+113%	77,3 k €	-0.6%	77,7 k €	+48.2%	52,5 k €	-52.2%	109,6 k €	+30.8%	83,8 k €	-43.4%	148,2 k €	-19.6%	184,2 k €	+135%	78,2 k €	+67.7%	46,7 k €	-57.3%	109,3 k €	+91.8%	57 k €
Debts	1,2 M €	+11.3%	1,1 M €	-6.4%	1,2 M €	+98.6%	590,8 k €	-42.7%	1 M €	-9.2%	1,1 M €	-5.7%	1,2 M €	-30.2%	1,7 M €	+31.4%	1,3 M €	-2.3%	1,3 M €	+712%	165,5 k €	+3.4%	160 k €	-75.4%	649,3 k €	+211%	208,9 k €	-10.1%	232,3 k €	+310%	56,7 k €	-37.5%	90,8 k €	-42.3%	157,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP		–		0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	0.0%	0,8 ETP	-33.3%	1,2 ETP	-25.0%	1,6 ETP	+45.5%	1,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Elif Akseki

Director

Active

Marc Arens

Director

Active

Ended mandates

ELIF AKSEKI

Manager

Ended

MARC ARENS

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged 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	31/08/2026	05/02/2026	07/10/2024	31/08/2023	30/08/2022	05/11/2021
General meeting	09/06/2026	04/02/2026	01/10/2024	30/08/2023	28/02/2022	25/10/2021
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
Abridged model	31/12/2025	09/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	04/02/2026	05/02/2026	French	PDF
Abridged model	31/12/2023	01/10/2024	07/10/2024	French	PDF
Abridged model	31/12/2022	30/08/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	28/02/2022	30/08/2022	French	PDF
Abridged model	31/12/2020	25/10/2021	05/11/2021	French	PDF
Abridged modelCorrection	31/12/2019	02/11/2020	19/11/2020	French	PDF
Abridged model	31/12/2019	08/09/2020	30/10/2020	French	PDF
Abridged model	31/12/2018	07/10/2019	14/10/2019	French	PDF
Abridged model	31/12/2017	24/09/2018	11/10/2018	French	PDF
Abridged model	31/12/2016	25/09/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	30/09/2016	03/10/2016	French	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	31/08/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	31/07/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	29/08/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	31/07/2011	31/08/2011	French	PDF
Abridged model	31/12/2009	20/08/2010	26/08/2010	French	PDF
Abridged model	31/12/2008	31/07/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	10/10/2008	28/10/2008	French	PDF
Abridged model	31/12/2006	13/08/2007	31/08/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 2 ended

Active mandates

Elif Akseki

Director

Active

Marc Arens

Director

Active

Ended mandates

ELIF AKSEKI

Manager

Ended

MARC ARENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office27/04/2018
SIEGE SOCIAL - CAPITAL, ACTIONS
PDF
Capital / shares18/02/2014
OBJET - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office04/01/2006
SIEGE SOCIAL - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office30/12/2002
SIEGE SOCIAL
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 2025252 k €↑
2024
Annual accounts 2024176,5 k €↑
2023
Annual accounts 2023149,2 k €↑
2022
Annual accounts 2022146,8 k €↓
2021
Annual accounts 2021161,9 k €↑
2020
Annual accounts 202061,9 k €↓
2019
Annual accounts 2019372 k €↑
2018
Annual accounts 201885,6 k €↑
2017
Annual accounts 2017-35,5 k €↑
2016
Annual accounts 2016-108,6 k €↓
2015
Annual accounts 20151,9 k €↓
2014
Annual accounts 201427,6 k €↑
2013
Annual accounts 201315,3 k €↓
2012
Annual accounts 2012132,6 k €↑
2011
Annual accounts 201176,5 k €↓
2010
Annual accounts 2010109,2 k €↑
2009
Annual accounts 200981,8 k €↑
2008
Annual accounts 200865,1 k €
19/01/2000
IncorporationPrivate 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

Cardiogyn

Overview

What does Cardiogyn 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