ACTIVE

123CDI

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Financial year 2025 · closed on 31/12/2025
Net result
3,8 k €
-24.0% YoY
Revenue
3,7 M €
Equity
726,7 k €
+0.5% YoY
Workforce
54,9 ETP
-5.3% YoY

What does 123CDI do?

123CDI is a Non-profit organization incorporated in 2014. Its main activity is: Temporary employment agency activities. Its registered office is in Liège. It employs on average 54,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0544.978.266
Incorporation
03/02/2014
Legal form
Non-profit organization
Registered office
Rue de l'Avouerie 7
4000 Liège · WallonieSee on map
Latest accounts
31/12/2025
Average workforce
54,9 ETP
Activities (NACE)
78200Temporary employment agency activities· main78300Other human resources provision
Joint committees (2)
  • 111
  • 209
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 11 financial years

20252024202320222021201920182017201620152014
Income statement
Revenue3,7 M €–4,4 M €3,9 M €3,3 M €3,8 M €2,7 M €1,4 M €1,1 M €1 M €409,6 k €
EBITDA20,9 k €17,8 k €67,9 k €108,8 k €50,9 k €211,7 k €289,9 k €46 k €6,5 k €27,8 k €3,2 k €
Operating result10,4 k €9,4 k €27,3 k €36,4 k €47,3 k €201,9 k €280,8 k €1,1 k €-10,3 k €15,7 k €246,1 €
Net result3,8 k €5 k €27,9 k €28,9 k €39,3 k €223,4 k €266,4 k €––––
Balance sheet
Equity726,7 k €722,9 k €717,8 k €689,9 k €661 k €489,8 k €266,4 k €––––
Total assets1,6 M €1,5 M €1,8 M €1,7 M €1,5 M €1,6 M €1,5 M €4,6 M €6,2 M €11,5 M €24,4 M €
Cash454,2 k €289,2 k €472,8 k €711,3 k €771 k €629,2 k €668,3 k €3,2 M €3 M €7,3 M €18,7 M €
Debts890,3 k €791,3 k €1,1 M €968 k €811,7 k €1,1 M €1 M €4,2 M €5,4 M €7,5 M €23,7 M €
Other
Workforce54,9 ETP58,0 ETP73,3 ETP69,0 ETP60,9 ETP64,5 ETP44,4 ETP37,4 ETP104,6 ETP200,7 ETP180,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 18 ended

Active mandates

XCMANAGEMENT

Director · since 29 octobre 2025 · until 29 octobre 2030 · 0534.393.784

Represented by Xavier CIECHANOWSKI

Active
ZX SOLUTIONS

Director · since 30 mars 2023 · until 30 mars 2028 · 0693.688.075

Represented by Jean-Benoît SCHEEN

Active
2beGood

Director · since 08 novembre 2019 · until 03 octobre 2027 · 0649.962.158

Represented by PIerre PINARD

Active

Ended mandates

2beGood

Director · since 08 novembre 2019 · until 08 novembre 2024 · 0649.962.158

Represented by Pierre PINARD

Ended
2beGood

Director · since 08 novembre 2019 · until 08 novembre 2024 · 0649.962.158

Represented by Pierre PINARD

Ended
EXPECT

Chairman of the board of directors · since 30 mars 2018 · until 30 mars 2023 · 0553.807.543

Represented by Pierre-Philippe JANSSEN

Ended
EXPECT

Chairman of the board of directors · since 30 mars 2018 · until 30 mars 2023 · 0553.807.543

Represented by Pierre-Philippe JANSSEN

Ended
At this address

Other companies at this address

CompanyCBE no.
123CDI Logistics● Active
0751.577.477
123INTERIM● Active
0801.478.732
ACéVi Industrie● Active
0830.302.083
ADVANCED COATING● Active
0458.085.072
ALTRA● Active
0432.648.110
ArcelorMittal Tailored Blanks Liège● Active
0414.297.391
EXPECT● Active
0553.807.543
GMT COATINGS● Active
0737.546.923
NEUROMEDIA SOFTWARE● Active
0559.797.886
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelFull modelFull modelFull 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 date22/04/202626/03/202519/03/202431/03/202331/03/202206/04/2021
General meeting31/03/202620/03/202514/03/202430/03/202331/03/202225/03/2021
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

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/03/202622/04/2026FrenchPDF
Abridged model31/12/202420/03/202526/03/2025FrenchPDF
Full model31/12/202314/03/202419/03/2024FrenchPDF
Full model31/12/202230/03/202331/03/2023FrenchPDF
Full model31/12/202131/03/202231/03/2022FrenchPDF
Full model31/12/202025/03/202106/04/2021FrenchPDF
Full model31/12/201926/03/202031/03/2020FrenchPDF
Full model31/12/201829/03/201929/03/2019FrenchPDF
Full model31/12/201729/03/201804/04/2018FrenchPDF
Full model31/12/201619/05/201714/06/2017FrenchPDF
Full model31/12/201501/07/201619/07/2016FrenchPDF
Full model31/12/201401/07/201619/07/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 3 active · 18 ended

Active mandates

XCMANAGEMENT

Director · since 29 octobre 2025 · until 29 octobre 2030 · 0534.393.784

Represented by Xavier CIECHANOWSKI

Active
ZX SOLUTIONS

Director · since 30 mars 2023 · until 30 mars 2028 · 0693.688.075

Represented by Jean-Benoît SCHEEN

Active
2beGood

Director · since 08 novembre 2019 · until 03 octobre 2027 · 0649.962.158

Represented by PIerre PINARD

Active

Ended mandates

2beGood

Director · since 08 novembre 2019 · until 08 novembre 2024 · 0649.962.158

Represented by Pierre PINARD

Ended
2beGood

Director · since 08 novembre 2019 · until 08 novembre 2024 · 0649.962.158

Represented by Pierre PINARD

Ended
EXPECT

Chairman of the board of directors · since 30 mars 2018 · until 30 mars 2023 · 0553.807.543

Represented by Pierre-Philippe JANSSEN

Ended
EXPECT

Chairman of the board of directors · since 30 mars 2018 · until 30 mars 2023 · 0553.807.543

Represented by Pierre-Philippe JANSSEN

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates25/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/05/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/12/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/04/2018
    DENOMINATION - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/12/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/12/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office17/11/2016
    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

Timeline

  1. 2025
    Annual accounts 20253,8 k €↓
  2. 2024
    Annual accounts 20245 k €↓
  3. 2023
    Annual accounts 202327,9 k €↓
  4. 2022
    Annual accounts 202228,9 k €↓
  5. 2021
    Annual accounts 202139,3 k €↓
  6. 2019
    Annual accounts 2019223,4 k €↓
  7. 2018
    Annual accounts 2018266,4 k €
  8. 2017
    Annual accounts 2017
  9. 2016
    Annual accounts 2016
  10. 2015
    Annual accounts 2015
  11. 2014
    Annual accounts 2014
  12. 03/02/2014
    IncorporationNon-profit organization