ACTIVE

CellCarta

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Financial year 2025 · closed on 31/12/2025

Net result

7,7 M €

-12.5% YoY

Revenue

79,9 M €

+7.9% YoY

Equity

25,9 M €

+42.4% YoY

Workforce

242,7 ETP

+2.7% YoY

What does CellCarta do?

CellCarta is a Public limited company incorporated in 2001. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Antwerpen. It employs on average 242,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.654.355

Incorporation

23/04/2001

Legal form

Public limited company

Registered office

Sint-Bavostraat 78
2610 Antwerpen · FlandreSee on map

Contributed capital

1 062 000,00 €

Latest accounts

31/12/2025

Average workforce

242,7 ETP

Activities (NACE)

72109Research and experimental development on natural sciences and engineering· main 72190Other research and experimental development on natural sciences and engineering 73100Advertising 85141Pre-primary education 86901Other human health activities 86910Other human health activities

Joint committees (3)

207
330
33004

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	79,9 M €	+7.9%	74 M €	+26.3%	58,6 M €	+10.4%	53,1 M €	+23.9%	42,8 M €	+55.5%	27,5 M €	+5.3%	26,2 M €	+18.3%	22,1 M €	+28.3%	17,2 M €	+35.5%	12,7 M €		–		–		–		–		–		–		–		–		–
EBITDA	14,4 M €	+11.5%	12,9 M €	+149%	5,2 M €	-18.7%	6,4 M €	+27.6%	5 M €	-25.2%	6,7 M €	-6.0%	7,1 M €	+37.2%	5,2 M €	+5.5%	4,9 M €	+26.7%	3,9 M €	+121%	1,7 M €	+393%	-596,3 k €	-172%	823,7 k €	+22.3%	673,7 k €	-68.9%	2,2 M €	-13.2%	2,5 M €	+77.0%	1,4 M €	+16.4%	1,2 M €	+104%	594,1 k €
Operating result	11,7 M €	+10.5%	10,6 M €	+199%	3,5 M €	-30.9%	5,1 M €	+32.5%	3,9 M €	-30.7%	5,6 M €	-9.3%	6,2 M €	+50.1%	4,1 M €	-0.8%	4,1 M €	+33.8%	3,1 M €	+164%	1,2 M €	+196%	-1,2 M €	-1316%	100,4 k €	+2107%	4,5 k €	-99.7%	1,5 M €	-22.3%	1,9 M €	+96.4%	977,2 k €	+1.6%	961,6 k €	+123%	430,4 k €
Net result	7,7 M €	-12.5%	8,8 M €	+922%	860,1 k €	+111%	-7,6 M €	-198%	7,7 M €	+94.4%	4 M €	-8.8%	4,4 M €	+72.3%	2,5 M €	-8.7%	2,8 M €	+60.8%	1,7 M €	+67.5%	1 M €	+185%	-1,2 M €	-1171%	113,6 k €	+101%	56,5 k €	-94.8%	1,1 M €	-19.2%	1,3 M €	+90.1%	703,7 k €	-1.9%	717,1 k €	+85.1%	387,5 k €
Balance sheet
Equity	25,9 M €	+42.4%	18,2 M €	+93.8%	9,4 M €	+10.1%	8,5 M €	-47.2%	16,1 M €	+49.0%	10,8 M €	+32.9%	8,1 M €	+4.6%	7,8 M €	+48.3%	5,2 M €	-23.0%	6,8 M €	+33.9%	5,1 M €	+25.4%	4,1 M €	-23.0%	5,3 M €	+2.2%	5,2 M €	+22.7%	4,2 M €	+24.6%	3,4 M €	+41.3%	2,4 M €	+28.1%	1,9 M €	+40.4%	1,3 M €
Total assets	60,5 M €	+4.5%	57,9 M €	+15.8%	50 M €	+12.8%	44,3 M €	+15.8%	38,3 M €	+96.2%	19,5 M €	-7.4%	21,1 M €	+23.8%	17 M €	-9.9%	18,9 M €	+88.0%	10,1 M €	+66.2%	6,1 M €	+16.6%	5,2 M €	-24.7%	6,9 M €	+4.1%	6,6 M €	+29.6%	5,1 M €	+15.4%	4,4 M €	+40.1%	3,2 M €	+5.0%	3 M €	+56.0%	1,9 M €
Cash	7,3 M €	-52.0%	15,2 M €	+68.0%	9 M €	+76.4%	5,1 M €	+28.7%	4 M €	-34.0%	6 M €	+3.0%	5,9 M €	+216%	1,9 M €	-39.8%	3,1 M €	+69.7%	1,8 M €	+75.4%	1 M €	+103%	510,6 k €	-33.6%	768,5 k €	-62.1%	2 M €	-11.4%	2,3 M €	+72.0%	1,3 M €	+581%	195,3 k €	+1708%	10,8 k €	-95.9%	261,1 k €
Debts	21,5 M €	-14.8%	25,2 M €	-4.6%	26,4 M €	+4.0%	25,4 M €	+92.2%	13,2 M €	+166%	5 M €	-54.8%	11 M €	+24.6%	8,8 M €	-34.7%	13,5 M €	+318%	3,2 M €	+239%	956,1 k €	-15.0%	1,1 M €	-30.2%	1,6 M €	+10.7%	1,5 M €	+61.4%	901,2 k €	-14.1%	1 M €	+36.5%	768,8 k €	+19.6%	642,6 k €	+214%	204,9 k €
Other
Workforce	242,7 ETP	+2.7%	236,4 ETP	+5.1%	225,0 ETP	+9.0%	206,5 ETP	+19.4%	173,0 ETP	+29.9%	133,2 ETP	+7.2%	124,3 ETP	+12.3%	110,7 ETP	+17.8%	94,0 ETP	+22.9%	76,5 ETP	+36.6%	56,0 ETP	+12.9%	49,6 ETP	+4.4%	47,5 ETP	+11.2%	42,7 ETP	+29.0%	33,1 ETP	+30.8%	25,3 ETP	+48.0%	17,1 ETP	+42.5%	12,0 ETP	+21.2%	9,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 42 ended

Active mandates

Hendriks Consulting Company

Managing director · since 11 septembre 2025 · until 14 mai 2031 · 0832.653.047

Represented by Dirk Hendriks

Active

KOCKX-CONSULTING

Managing director · since 11 septembre 2025 · until 11 mars 2026 · 0882.632.197

Represented by Mark Kockx

Active

Elliot Miller

Director · since 08 juillet 2025 · until 14 mai 2031

Active

Joshua Schultz

Director · since 06 février 2025 · until 08 mai 2030

Active

Maurice Tenney III

Director · since 30 août 2023 · until 13 mai 2026

Active

Anthony L. Mattacchione

Director · since 15 mars 2022 · until 30 juin 2025

Active

David Spaight

Director · since 01 août 2019 · until 06 février 2025

Active

Ended mandates

Elliot Miller

Director · since 08 juillet 2025 · until 08 juillet 2031

Ended

Anthony L. Mattacchione

Director · since 15 mars 2022 · until 09 mars 2027

Ended

David Spaight

Director · since 01 août 2019 · until 13 mai 2025

Ended

David Spaight

Director · since 01 août 2019 · until 14 mai 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Arsenal IO Belgium● Active	0726.786.752
HistoGeneX Holding● Active	0643.686.060

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	09/06/2026	25/09/2025	28/06/2024	31/08/2023	20/06/2022	27/05/2021
General meeting	13/05/2026	11/09/2025	08/05/2024	31/08/2023	11/05/2022	12/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	13/05/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	11/09/2025	25/09/2025	Dutch	PDF
Full model	31/12/2023	08/05/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	11/05/2022	20/06/2022	Dutch	PDF
Full model	31/12/2020	12/05/2021	27/05/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	16/07/2020	Dutch	PDF
Full model	31/12/2018	06/05/2019	03/06/2019	Dutch	PDF
Full model	31/12/2017	09/05/2018	07/06/2018	Dutch	PDF
Full model	31/12/2016	10/05/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	16/06/2016	15/07/2016	Dutch	PDF
Abridged model	31/12/2014	03/06/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	25/07/2014	05/09/2014	Dutch	PDF
Abridged model	31/12/2012	08/05/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/05/2012	06/06/2012	Dutch	PDF
Abridged model	31/12/2010	11/05/2011	12/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/05/2010	10/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/05/2009	09/06/2009	Dutch	PDF
Abridged model	31/12/2007	14/05/2008	11/06/2008	Dutch	PDF
Abridged model	31/12/2006	09/05/2007	06/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 7 active · 42 ended

Active mandates

Hendriks Consulting Company

Managing director · since 11 septembre 2025 · until 14 mai 2031 · 0832.653.047

Represented by Dirk Hendriks

Active

KOCKX-CONSULTING

Managing director · since 11 septembre 2025 · until 11 mars 2026 · 0882.632.197

Represented by Mark Kockx

Active

Elliot Miller

Director · since 08 juillet 2025 · until 14 mai 2031

Active

Joshua Schultz

Director · since 06 février 2025 · until 08 mai 2030

Active

Maurice Tenney III

Director · since 30 août 2023 · until 13 mai 2026

Active

Anthony L. Mattacchione

Director · since 15 mars 2022 · until 30 juin 2025

Active

David Spaight

Director · since 01 août 2019 · until 06 février 2025

Active

Ended mandates

Elliot Miller

Director · since 08 juillet 2025 · until 08 juillet 2031

Ended

Anthony L. Mattacchione

Director · since 15 mars 2022 · until 09 mars 2027

Ended

David Spaight

Director · since 01 août 2019 · until 13 mai 2025

Ended

David Spaight

Director · since 01 août 2019 · until 14 mai 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/06/2025
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/02/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/04/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other03/05/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING
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 20257,7 M €↓
08/07/2025
nominationElliott Miller — bestuurder
06/02/2025
nominationJoshua Schultz — bestuurder
2024
Annual accounts 20248,8 M €↑
2023
Annual accounts 2023860,1 k €↑
30/08/2023
nominationMaurice Tenney III — bestuurder
30/08/2023
nominationKristien Verhoeven — dagelijks bestuurder
18/01/2023
nominationPricewaterhouseCoopers Bedrijfsrevisoren BV — commissaris
2022
Annual accounts 2022-7,6 M €↓
15/03/2022
nominationAnthony L. Mattacchione — bestuurder
2021
Annual accounts 20217,7 M €↑
2019
Annual accounts 20194 M €↓
2018
Annual accounts 20184,4 M €↑
2017
Annual accounts 20172,5 M €↓
2016
Annual accounts 20162,8 M €↑
2015
Annual accounts 20151,7 M €↑
2014
Annual accounts 20141 M €↑
2013
Annual accounts 2013-1,2 M €↓
2012
Annual accounts 2012113,6 k €↑
2011
Annual accounts 201156,5 k €↓
2010
Annual accounts 20101,1 M €↓
2009
Annual accounts 20091,3 M €↑
2008
Annual accounts 2008703,7 k €↓
2007
Annual accounts 2007717,1 k €↑
2006
Annual accounts 2006387,5 k €
23/04/2001
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

CellCarta

Overview

What does CellCarta do?

Trend over 19 financial years

Indicative valuation

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