ACTIVE

CNL

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Financial year 2025 · closed on 31/12/2025
Net result
275,6 k €
-1.9% YoY
Gross margin
534,9 k €
+13.7% YoY
Equity
1,1 M €
+19.9% YoY

What does CNL do?

CNL is a Private limited company incorporated in 2002. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Ixelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0477.842.190
Incorporation
27/06/2002
Legal form
Private limited company
Registered office
Avenue du Pesage 61
1050 Ixelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
69201Accounting, bookkeeping and auditing activities; tax consultancy· main69201Accounting, bookkeeping and auditing activities; tax consultancy74142Specialised design activities70200Management consultancy activities70220Business and other management consultancy activities
Joint committees (2)
  • 200
  • 336
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 20 financial years

20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin534,9 k €470,3 k €387,7 k €284,8 k €288,9 k €209,8 k €213,9 k €58,5 k €30,5 k €13,9 k €6 k €445,2 €-1,6 k €-1,5 k €-1,3 k €-12,2 k €2,6 k €8,9 k €9,3 k €6,9 k €
EBITDA445,9 k €411 k €329,8 k €232,7 k €222,7 k €140,4 k €212,3 k €56,6 k €20,2 k €13,5 k €5,6 k €8,7 €-2,4 k €-2 k €-1,7 k €-13,2 k €1,7 k €8 k €7,9 k €3,8 k €
Operating result406,4 k €373,5 k €298,8 k €172,5 k €214,9 k €135,8 k €209,7 k €54,3 k €18,1 k €11,5 k €5,6 k €8,7 €-2,4 k €-2 k €-1,7 k €-13,2 k €-4,5 k €1,3 k €1,5 k €-2,8 k €
Net result275,6 k €281,1 k €208,3 k €115,2 k €144,8 k €88 k €130,9 k €38 k €9,9 k €9,9 k €5,3 k €-107,7 €-2,5 k €-2,1 k €-1,8 k €-13,1 k €-4,5 k €-629 €355 €-304 €
Balance sheet
Equity1,1 M €935,9 k €689,9 k €506,6 k €411,4 k €266,6 k €178,6 k €49,2 k €11,2 k €1,3 k €-8,6 k €-13,9 k €-13,7 k €-11,2 k €-9,1 k €-7,4 k €5,8 k €10,3 k €10,9 k €10,6 k €
Total assets1,5 M €1,3 M €1,1 M €858,6 k €564,5 k €440 k €320,9 k €135,1 k €81,8 k €58,8 k €25,7 k €901,5 €3,2 k €2,5 k €4,5 k €5,7 k €18,6 k €27,3 k €28,8 k €35,2 k €
Cash302,6 k €112,8 k €126,8 k €273,6 k €323 k €316,8 k €243,1 k €77,9 k €27,1 k €10 k €5,5 k €126,3 €2,7 k €2,3 k €4,4 k €3,5 k €7,9 k €12,2 k €4,8 k €5,5 k €
Debts354,4 k €320,6 k €370,6 k €349,6 k €148,5 k €165,4 k €142,3 k €85,8 k €70,5 k €57,4 k €34,3 k €14,8 k €17 k €13,7 k €13,7 k €13 k €12,8 k €17,1 k €17,9 k €24,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

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

Active mandates

Laurence Congan

Managing director · since 01 juillet 2022

Active
Nicolas Lemaire

Director · since 02 avril 2018

Active

Ended mandates

Nicolas Lemaire

Manager · since 02 avril 2018

Ended
Baudouin Lemaire

Manager · since 17 décembre 2014

Ended
Baudouin Lemaire

Director · since 05 novembre 2014 · until 27 juin 2022

Ended
Baudouin Lemaire

Director · since 05 novembre 2014

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date31/08/202626/08/202622/06/202426/05/202329/08/202215/06/2021
General meeting30/06/202603/05/202525/05/202410/05/202330/06/202201/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202631/08/2026FrenchPDF
Micro modelCorrection31/12/202403/05/202526/08/2026FrenchPDF
Micro model31/12/202403/05/202526/08/2025FrenchPDF
Micro model31/12/202325/05/202422/06/2024FrenchPDF
Micro model31/12/202210/05/202326/05/2023FrenchPDF
Micro model31/12/202130/06/202229/08/2022FrenchPDF
Micro model31/12/202001/05/202115/06/2021FrenchPDF
Micro model31/12/201930/06/202024/07/2020FrenchPDF
Micro model31/12/201804/05/201928/06/2019FrenchPDF
Micro model31/12/201730/06/201830/07/2018FrenchPDF
Micro model31/12/201627/05/201724/06/2017FrenchPDF
Abridged model31/12/201515/05/201603/07/2016FrenchPDF
Abridged model31/12/201430/06/201514/07/2015FrenchPDF
Abridged model31/12/201317/04/201430/06/2014FrenchPDF
Abridged model31/12/201218/04/201325/06/2013FrenchPDF
Abridged model31/12/201119/04/201207/08/2012FrenchPDF
Abridged model31/12/201021/04/201123/08/2011FrenchPDF
Abridged model31/12/200915/04/201024/06/2010FrenchPDF
Abridged model31/12/200816/04/200910/06/2009FrenchPDF
Abridged model31/12/200717/04/200804/07/2008FrenchPDF
Abridged model31/12/200619/04/200713/06/2007FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 12 ended

Active mandates

Laurence Congan

Managing director · since 01 juillet 2022

Active
Nicolas Lemaire

Director · since 02 avril 2018

Active

Ended mandates

Nicolas Lemaire

Manager · since 02 avril 2018

Ended
Baudouin Lemaire

Manager · since 17 décembre 2014

Ended
Baudouin Lemaire

Director · since 05 novembre 2014 · until 27 juin 2022

Ended
Baudouin Lemaire

Director · since 05 novembre 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates21/01/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/02/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/06/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DIVERS - DEMISSIONS, NOMINATIONS - OBJET
    PDF
  • Mandates04/05/2018
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/02/2015
    DENOMINATION - SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates20/11/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates21/01/2011
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 2025275,6 k €↓
  2. 2024
    Annual accounts 2024281,1 k €↑
  3. 2023
    Annual accounts 2023208,3 k €↑
  4. 2022
    Annual accounts 2022115,2 k €↓
  5. 2021
    Annual accounts 2021144,8 k €↑
  6. 2020
    Annual accounts 202088 k €↓
  7. 2019
    Annual accounts 2019130,9 k €↑
  8. 2018
    Annual accounts 201838 k €↑
  9. 2017
    Annual accounts 20179,9 k €↑
  10. 2016
    Annual accounts 20169,9 k €↑
  11. 2015
    Annual accounts 20155,3 k €↑
  12. 2014
    Annual accounts 2014-107,7 €↑
  13. 2013
    Annual accounts 2013-2,5 k €↓
  14. 2012
    Annual accounts 2012-2,1 k €↓
  15. 2011
    Annual accounts 2011-1,8 k €↑
  16. 2010
    Annual accounts 2010-13,1 k €↓
  17. 2009
    Annual accounts 2009-4,5 k €↓
  18. 2008
    Annual accounts 2008-629 €↓
  19. 2007
    Annual accounts 2007355 €↑
  20. 2006
    Annual accounts 2006-304 €
  21. 27/06/2002
    IncorporationPrivate limited company