ACTIVE

Cetex Sud

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Financial year 2025 · closed on 31/12/2025
Net result
197,5 k €
+8.2% YoY
Revenue
11,5 M €
+4.0% YoY
Equity
1,2 M €
+19.4% YoY
Workforce
24,9 ETP
+2.9% YoY

What does Cetex Sud do?

Cetex Sud is a Public limited company incorporated in 2014. Its main activity is: Retail sale of clothing in specialised stores. Its registered office is in Lebbeke. It employs on average 24,9 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0560.708.993
Incorporation
26/08/2014
Legal form
Public limited company
Registered office
Kouterbaan 44
9280 Lebbeke · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Average workforce
24,9 ETP
Activities (NACE)
47711Retail sale of clothing in specialised stores· main47711Retail sale of clothing in specialised stores47120Retail sale in non-specialised stores47910Retail sale via mail order houses or via Internet
Joint committees (2)
  • 109
  • 201
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 9 financial years

202520242023202220212018201720162015
Income statement
Revenue11,5 M €11 M €9,7 M €8,6 M €7,1 M €6,1 M €5,2 M €4,7 M €4,4 M €
EBITDA592 k €482,9 k €473,5 k €425,4 k €330,8 k €316,2 k €600 k €378,3 k €415,3 k €
Operating result294,2 k €244,5 k €220,6 k €152,4 k €149,7 k €97,4 k €380,8 k €147,2 k €167,8 k €
Net result197,5 k €182,6 k €159,5 k €100,7 k €125,1 k €116,4 k €344,7 k €145,7 k €137,6 k €
Balance sheet
Equity1,2 M €1 M €1,7 M €1,5 M €1,4 M €1,1 M €1,1 M €891,2 k €840,6 k €
Total assets2,5 M €2,2 M €2,8 M €2,2 M €2,4 M €2,3 M €1,7 M €1,5 M €1,7 M €
Cash151,8 k €143 k €116,3 k €68,3 k €34,8 k €30,6 k €46,7 k €29,4 k €26,3 k €
Debts1,3 M €1,2 M €1,1 M €692,8 k €930,5 k €1,1 M €616,7 k €601,4 k €815,4 k €
Other
Workforce24,9 ETP24,2 ETP24,4 ETP23,8 ETP20,5 ETP17,9 ETP15,0 ETP14,5 ETP14,6 ETP
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 · 8 ended

Active mandates

FASHION44

Managing director · since 03 août 2020 · until 16 juin 2026 · 0700.986.930

Represented by Bouckaert Ann-Christine

Active
MATHO

Managing director · since 03 août 2020 · until 16 juin 2026 · 0450.841.548

Represented by Saelen BART

Active

Ended mandates

FASHION44

Chairman of the board of directors · since 30 juin 2023 · until 18 juin 2029 · 0700.986.930

Represented by ANN-CHRISTINE Bouckaert

Ended
MATHO

Managing director · since 30 juin 2023 · until 18 juin 2029 · 0450.841.548

Represented by BART Saelen

Ended
MATHO

Managing director · since 30 juillet 2020 · until 16 juin 2026 · 0450.841.548

Represented by Saelen Bart

Ended
FASHION44

Managing director · since 16 juin 2020 · until 16 juin 2026 · 0700.986.930

Represented by Bouckaert Ann-Christine

Ended
At this address

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0433.143.897
FASHION44● Active
0700.986.930
FourC● Active
1012.618.236
IMMO44● Active
0701.752.636
IMMOCEL● Active
0463.132.339
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull 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 date10/08/202610/07/202504/07/202412/07/202318/07/202208/07/2021
General meeting16/06/202617/06/202518/06/202420/06/202331/03/202215/06/2021
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
Full model31/12/202516/06/202610/08/2026DutchPDF
Full model31/12/202417/06/202510/07/2025DutchPDF
Full model31/12/202318/06/202404/07/2024DutchPDF
Full model31/12/202220/06/202312/07/2023DutchPDF
Full model31/12/202131/03/202218/07/2022DutchPDF
Full model31/12/202015/06/202108/07/2021DutchPDF
Full model31/12/201908/09/202013/10/2020DutchPDF
Full model31/12/201818/06/201905/07/2019DutchPDF
Full model31/12/201706/06/201822/06/2018DutchPDF
Full model31/12/201607/06/201728/06/2017DutchPDF
Full model31/12/201501/06/201622/06/2016DutchPDF
Full model31/12/201403/06/201501/07/2015DutchPDF
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 · 8 ended

Active mandates

FASHION44

Managing director · since 03 août 2020 · until 16 juin 2026 · 0700.986.930

Represented by Bouckaert Ann-Christine

Active
MATHO

Managing director · since 03 août 2020 · until 16 juin 2026 · 0450.841.548

Represented by Saelen BART

Active

Ended mandates

FASHION44

Chairman of the board of directors · since 30 juin 2023 · until 18 juin 2029 · 0700.986.930

Represented by ANN-CHRISTINE Bouckaert

Ended
MATHO

Managing director · since 30 juin 2023 · until 18 juin 2029 · 0450.841.548

Represented by BART Saelen

Ended
MATHO

Managing director · since 30 juillet 2020 · until 16 juin 2026 · 0450.841.548

Represented by Saelen Bart

Ended
FASHION44

Managing director · since 16 juin 2020 · until 16 juin 2026 · 0700.986.930

Represented by Bouckaert Ann-Christine

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/11/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates16/01/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/01/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/07/2015
    DIVERSEN
    PDF
  • Other04/09/2014
    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

Timeline

  1. 2025
    Annual accounts 2025197,5 k €↑
  2. 2024
    Annual accounts 2024182,6 k €↑
  3. 2023
    Annual accounts 2023159,5 k €↑
  4. 2022
    Annual accounts 2022100,7 k €↓
  5. 2021
    Annual accounts 2021125,1 k €↑
  6. 2018
    Annual accounts 2018116,4 k €↓
  7. 2017
    Annual accounts 2017344,7 k €↑
  8. 2016
    Annual accounts 2016145,7 k €↑
  9. 2015
    Annual accounts 2015137,6 k €
  10. 26/08/2014
    IncorporationPublic limited company