ACTIVE

CIRATEC

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Financial year 2025 · closed on 31/12/2025

Net result

289,8 k €

+88.7% YoY

Gross margin

1,7 M €

+13.7% YoY

Equity

2,2 M €

+15.3% YoY

Workforce

13,5 ETP

-11.8% YoY

What does CIRATEC do?

CIRATEC is a Private limited company incorporated in 2013. Its main activity is: Electrical installation. Its registered office is in Bilzen-Hoeselt. It employs on average 13,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0542.716.186

Incorporation

05/12/2013

Legal form

Private limited company

Registered office

Groenstraat 6 box 1
3730 Bilzen-Hoeselt · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

13,5 ETP

Activities (NACE)

43212Electrical installation· main 43212Electrical installation 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	1,7 M €	+13.7%	1,5 M €	+18.5%	1,3 M €	-12.5%	1,4 M €	-1.5%	1,5 M €	-10.5%	1,6 M €	+5.3%	1,5 M €	+10.3%	1,4 M €	+20.5%	1,2 M €	+16.9%	995,9 k €	+245%	289,1 k €	-31.5%	421,9 k €
EBITDA	428,4 k €	+74.8%	245,1 k €	+780%	27,9 k €	-87.1%	215,6 k €	-19.3%	267 k €	-26.1%	361,5 k €	-8.3%	394,2 k €	-2.9%	406,1 k €	-10.6%	454,2 k €	+38.6%	327,7 k €	+156%	128 k €	-48.1%	246,5 k €
Operating result	371,5 k €	+76.6%	210,4 k €	+2054%	-10,8 k €	-106%	188,6 k €	-23.6%	247 k €	-24.2%	325,7 k €	-9.3%	359 k €	-4.1%	374,3 k €	-12.1%	426,1 k €	+41.4%	301,3 k €	+151%	120,1 k €	-49.3%	236,8 k €
Net result	289,8 k €	+88.7%	153,6 k €	+848%	-20,5 k €	-116%	127 k €	-26.7%	173,3 k €	-25.3%	232 k €	-6.1%	247 k €	-4.4%	258,2 k €	-6.8%	277,1 k €	+41.2%	196,2 k €	+150%	78,4 k €	-49.0%	153,8 k €
Balance sheet
Equity	2,2 M €	+15.3%	1,9 M €	+8.8%	1,7 M €	-1.2%	1,8 M €	+7.8%	1,6 M €	+11.9%	1,5 M €	+18.9%	1,2 M €	+25.1%	982,4 k €	+35.7%	724,2 k €	+62.0%	447,1 k €	+87.3%	238,7 k €	+48.9%	160,2 k €
Total assets	2,3 M €	+11.2%	2,1 M €	+1.1%	2 M €	-3.1%	2,1 M €	+7.9%	2 M €	+6.0%	1,8 M €	+9.7%	1,7 M €	+21.5%	1,4 M €	+26.6%	1,1 M €	+68.2%	651,4 k €	+121%	294,4 k €	+4.3%	282,2 k €
Cash	264,7 k €	-64.5%	745,3 k €	-45.3%	1,4 M €	+6.1%	1,3 M €	+1.1%	1,3 M €	+25.7%	1 M €	+44.2%	700,8 k €	+57.6%	444,8 k €	+49.8%	296,8 k €	+195%	100,6 k €	-42.3%	174,3 k €	+6.6%	163,5 k €
Debts	116,7 k €	-33.3%	174,9 k €	-42.7%	305,2 k €	-13.0%	350,8 k €	+8.5%	323,4 k €	-16.4%	386,7 k €	-15.0%	455 k €	+12.5%	404,4 k €	+9.0%	371,2 k €	+85.0%	200,7 k €	+261%	55,5 k €	-54.4%	121,8 k €
Other
Workforce	13,5 ETP	-11.8%	15,3 ETP	-14.0%	17,8 ETP	-12.3%	20,3 ETP	+3.6%	19,6 ETP	-10.9%	22,0 ETP	+14.6%	19,2 ETP	+23.9%	15,5 ETP	+36.0%	11,4 ETP	-0.9%	11,5 ETP	+539%	1,8 ETP	-18.2%	2,2 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 · 8 ended

Active mandates

Daniel Kremer

Director · since 31 décembre 2024

Active

Bart Thys

Director · since 27 octobre 2015

Active

Ended mandates

Robby Cloesen

Director · since 27 octobre 2015

Ended

Bart Thys

Mandate

Ended

Bart Thys

Director

Ended

Bart Thys

Manager

Ended

At this address

Other companies at this address

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BODYCLEAR● Active	0675.567.683
Chateau Ter Bosch● Active	0791.211.578
DELTANXT● Active	0467.151.109
KARAMBA PRODUCTIONS● Active	0849.724.750
KURT THIJSEN● Active	0785.307.743
WEFIXIT● Active	0695.575.122

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	27/05/2026	10/06/2025	28/05/2024	25/05/2023	30/05/2022	28/05/2021
General meeting	27/05/2026	28/05/2025	22/05/2024	24/05/2023	25/05/2022	26/05/2021
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

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/05/2026	27/05/2026	Dutch	PDF
Abridged model	31/12/2024	28/05/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	22/05/2024	28/05/2024	Dutch	PDF
Abridged model	31/12/2022	24/05/2023	25/05/2023	Dutch	PDF
Abridged model	31/12/2021	25/05/2022	30/05/2022	Dutch	PDF
Abridged model	31/12/2020	26/05/2021	28/05/2021	Dutch	PDF
Abridged model	31/12/2019	27/05/2020	15/06/2020	Dutch	PDF
Abridged model	31/12/2018	22/05/2019	22/05/2019	Dutch	PDF
Abridged model	31/12/2017	23/05/2018	28/05/2018	Dutch	PDF
Abridged model	31/12/2016	24/05/2017	29/05/2017	Dutch	PDF
Abridged model	31/12/2015	25/05/2016	26/05/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	29/06/2015	Dutch	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 · 8 ended

Active mandates

Daniel Kremer

Director · since 31 décembre 2024

Active

Bart Thys

Director · since 27 octobre 2015

Active

Ended mandates

Robby Cloesen

Director · since 27 octobre 2015

Ended

Bart Thys

Mandate

Ended

Bart Thys

Director

Ended

Bart Thys

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/03/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates14/10/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/07/2019
MAATSCHAPPELIJKE ZETEL
PDF
Registered office16/11/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other09/12/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025289,8 k €↑
2024
Annual accounts 2024153,6 k €↑
2023
Annual accounts 2023-20,5 k €↓
2022
Annual accounts 2022127 k €↓
2021
Annual accounts 2021173,3 k €↓
2020
Annual accounts 2020232 k €↓
2019
Annual accounts 2019247 k €↓
2018
Annual accounts 2018258,2 k €↓
2017
Annual accounts 2017277,1 k €↑
2016
Annual accounts 2016196,2 k €↑
2015
Annual accounts 201578,4 k €↓
2014
Annual accounts 2014153,8 k €
05/12/2013
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

CIRATEC

Overview

What does CIRATEC do?

Trend over 12 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