ACTIVE

CED BELGIUM

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Financial year 2025 · closed on 31/12/2025
Net result
609,9 k €
+120.2% YoY
Revenue
29,6 M €
+28.2% YoY
Equity
-771,1 k €
+44.2% YoY
Workforce
170,0 ETP
+20.6% YoY

What does CED BELGIUM do?

CED BELGIUM is a Public limited company incorporated in 2018. Its main activity is: Activities of insurance agents and brokers. Its registered office is in Vilvoorde. It employs on average 170,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0703.921.971
Incorporation
12/09/2018
Legal form
Public limited company
Registered office
Medialaan 32
1800 Vilvoorde · FlandreSee on map
Contributed capital
7 517 344,00 €
Latest accounts
31/12/2025
Average workforce
170,0 ETP
Activities (NACE)
66220Activities of insurance agents and brokers· main66220Activities of insurance agents and brokers66290Other activities auxiliary to insurance and pension funding66290Other activities auxiliary to insurance and pension funding69109Legal activities69109Legal activities
Contacts
1 public detail availableLog in to view
Signals
ProfitableGood 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 8 financial years

20252024202320222021202020192018
Income statement
Revenue29,6 M €23,1 M €19,7 M €12,5 M €13,1 M €11,9 M €14,9 M €–
EBITDA3,9 M €2,6 M €636 k €1,1 M €-725,4 k €-1,8 M €-13,7 k €–
Operating result1,9 M €1 M €-679,7 k €1,1 M €-850,3 k €-2 M €-213 k €–
Net result609,9 k €-3 M €-1,8 M €693 k €-1 M €-3,5 M €-328,2 k €–
Balance sheet
Equity-771,1 k €-1,4 M €1,6 M €3,4 M €2,7 M €-167,7 k €3,3 M €61,5 k €
Total assets23 M €18,9 M €20,6 M €17,4 M €13,5 M €6 M €6 M €61,5 k €
Cash1,5 M €751,1 k €581,5 k €797,1 k €628,7 k €604,9 k €358,4 k €61,5 k €
Debts23,4 M €20,2 M €18,9 M €13,9 M €10,7 M €6,1 M €2,6 M €–
Other
Workforce170,0 ETP141,0 ETP130,0 ETP89,2 ETP109,0 ETP120,9 ETP113,3 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

SSVD Consulting

Director · since 09 mars 2026 · 1021.688.033

Represented by Sofie Van Dyck

Active
DARUFE

Director · since 06 juin 2025 · until 09 mars 2026 · 0838.423.656

Represented by Sven Marinus

Active
CED Holding BV

Director · since 24 novembre 2020 · until 13 mai 2025 · 0642.597.482

Represented by François Goffinet

Active
Jan-Willem Wolffenbuttel

Director · since 04 février 2020 · until 09 mars 2026

Active

Ended mandates

INSITIO

Director · since 15 avril 2024 · 1003.186.767

Ended
INSITIO

Director · since 15 avril 2024 · 1003.186.767

Represented by Bertrand Verstraeten

Ended
CALESTIAN

Director · since 20 janvier 2022 · until 15 avril 2024 · 0745.862.692

Ended
Pierre Laffineur

Director · since 20 janvier 2022 · until 13 juin 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
Bahlsen● Active
0406.854.622
BAHLSEN MANAGEMENT● Active
0831.259.910
CED Claims Management● Active
0442.888.241
CED DETECTIVES● Active
1023.987.626
heta● Active
0759.612.839
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 date09/06/202608/05/202508/05/202525/07/202322/06/202208/07/2021
General meeting12/05/202605/05/202506/05/202525/07/202324/05/202221/06/2021
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

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/05/202609/06/2026DutchPDF
Full model31/12/202405/05/202508/05/2025DutchPDF
Full modelCorrection31/12/202306/05/202508/05/2025DutchPDF
Full model31/12/202320/08/202410/09/2024DutchPDF
Full model31/12/202225/07/202325/07/2023DutchPDF
Full model31/12/202124/05/202222/06/2022DutchPDF
Full model31/12/202021/06/202108/07/2021DutchPDF
Full modelCorrection31/12/201906/07/202030/10/2020DutchPDF
Full model31/12/201906/07/202006/07/2020DutchPDF
Full model31/12/201814/05/201911/02/2020DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 active · 16 ended

Active mandates

SSVD Consulting

Director · since 09 mars 2026 · 1021.688.033

Represented by Sofie Van Dyck

Active
DARUFE

Director · since 06 juin 2025 · until 09 mars 2026 · 0838.423.656

Represented by Sven Marinus

Active
CED Holding BV

Director · since 24 novembre 2020 · until 13 mai 2025 · 0642.597.482

Represented by François Goffinet

Active
Jan-Willem Wolffenbuttel

Director · since 04 février 2020 · until 09 mars 2026

Active

Ended mandates

INSITIO

Director · since 15 avril 2024 · 1003.186.767

Ended
INSITIO

Director · since 15 avril 2024 · 1003.186.767

Represented by Bertrand Verstraeten

Ended
CALESTIAN

Director · since 20 janvier 2022 · until 15 avril 2024 · 0745.862.692

Ended
Pierre Laffineur

Director · since 20 janvier 2022 · until 13 juin 2025

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring19/01/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Restructuring19/01/2026
    KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Restructuring17/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring17/11/2025
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates17/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring12/02/2025
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring16/10/2024
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 2025609,9 k €↑
  2. 2024
    Annual accounts 2024-3 M €↓
  3. 2023
    Annual accounts 2023-1,8 M €↓
  4. 2022
    Annual accounts 2022693 k €↑
  5. 2021
    Annual accounts 2021-1 M €↑
  6. 2020
    Annual accounts 2020-3,5 M €↓
  7. 2019
    Annual accounts 2019-328,2 k €
  8. 2018
    Annual accounts 2018
  9. 12/09/2018
    IncorporationPublic limited company