ACTIVE

DW Cefaly Holding

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Financial year 2025 · Closed on 31/12/2025

Net result-29,6 M €-23 181,5 %over 1 year

Equity-399,7 k €-101,4 %over 1 year

Identity

Source · BCE/KBO

DW Cefaly Holding is a Private limited company incorporated in 2019. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0725.837.241
Incorporation: 29/04/2019
Legal form: Private limited company
Registered office: Boulevard de Patience et Beaujonc 3
4000 Liège · WallonieSee on map
Contributed capital: 36 096 977,71 €
Latest accounts: 31/12/2025

Financials

Source · NBB, 6 filings

Trend over 6 financial years

	2025		2024		2023		2022		2021
Income statement
EBITDA	-74,4 k €	-204%	-24,5 k €	+44.3%	-44 k €	+64.1%	-122,5 k €	-103%	-60,4 k €
Operating result	207,4 k €	+270%	-121,8 k €	-15.8%	-105,1 k €	+42.8%	-183,7 k €	-51.1%	-121,6 k €
Net result	-29,6 M €	-23181%	-127,2 k €	-19.3%	-106,6 k €	+45.5%	-195,6 k €	-60.4%	-122 k €
Balance sheet
Equity	-399,7 k €	-101%	29,2 M €	-0.4%	29,3 M €	-0.4%	29,4 M €	-0.7%	29,6 M €
Total assets	64,2 k €	-99.8%	29,9 M €	-0.0%	29,9 M €	-0.1%	29,9 M €	-0.1%	29,9 M €
Cash	3,6 k €	-13.1%	4,2 k €	-29.2%	5,9 k €	-4.4%	6,2 k €	-62.1%	16,4 k €
Debts	463,9 k €	+22.5%	378,7 k €	+8.0%	350,5 k €	+1.9%	343,8 k €	+51.5%	226,9 k €

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brenda Pei-Lin Yang	Directorsince 27/03/2026
Luke Christopher Duster	Directorsince 27/03/2026
Andrew Page	Directorsince 24/09/2025
Andrew Carragher	Directorsince 13/06/2019
Gabriel Becher	Directorsince 13/06/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andy Page	Directorlisted until the 2024 accounts
Cameron McDavid	Directorlisted until the 2024 accounts
Jeffrey Hicks	Director05/07/2019 → 2024 accounts
Jennifer Trainor-Mcdermott	Director05/07/2019 → 2024 accounts

Other companies at this address

Boulevard de Patience et Beaujonc 3 4000 Liège

Company	CBE no.
Abscint● Active	0749.828.410
Aeroforge● Active	1044.274.185
AMPACIMON● Active	0827.990.317
Amyl Therapeutics● Active	0758.775.372
BECARV● Bankrupt	0840.777.885
BE.SPINE● Active	1013.110.857
CATALYA● Active	0727.648.171
CEFALY Technology● Active	0870.578.661
DERMAX● Active	0667.730.677
DIANOSIC● Active	1034.558.646
EARTH ALIVE CLEAN TECHNOLOGIES BELGIUM● Active	1023.778.481
EXO Biologics● Active	0732.982.379
ExoXpert● Active	1003.807.666
EYED PHARMA● Active	0508.599.605
Hirundo Biosciences● Active	0681.855.065
HolyFox Invest● Active	1010.693.181
Hyloris● Active	0669.738.676
Hyloris Developments● Active	0542.737.368
Hyloris Pharmaceuticals● Active	0674.494.151
Hyloris Therapeutics● Active	1025.029.385

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	29/04/2019
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	21 months
Filing date	19/10/2026	09/10/2025	10/02/2025	10/02/2025	10/02/2025	10/02/2025
General meeting	14/10/2026	29/09/2025	20/01/2025	20/01/2025	20/01/2025	20/01/2025
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 6 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/10/2026	19/10/2026	French	PDF
Full model	31/12/2024	29/09/2025	09/10/2025	French	PDF
Full model	31/12/2023	20/01/2025	10/02/2025	French	PDF
Full model	31/12/2022	20/01/2025	10/02/2025	French	PDF
Full model	31/12/2021	20/01/2025	10/02/2025	French	PDF
Full model	31/12/2020	20/01/2025	10/02/2025	French	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Brenda Pei-Lin Yang	Directorsince 27/03/2026
Luke Christopher Duster	Directorsince 27/03/2026
Andrew Page	Directorsince 24/09/2025
Andrew Carragher	Directorsince 13/06/2019
Gabriel Becher	Directorsince 13/06/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andy Page	Directorlisted until the 2024 accounts
Cameron McDavid	Directorlisted until the 2024 accounts
Jeffrey Hicks	Director05/07/2019 → 2024 accounts
Jennifer Trainor-Mcdermott	Director05/07/2019 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares26/10/2026
CAPITAL, ACTIONS, STATUTS (TRADUCTION, COORDINATION,
PDF
Mandates07/08/2026
Renouvellement du mandat du commissaire
PDF
Mandates08/04/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office26/09/2024
SIEGE SOCIAL
PDF
Capital / shares25/08/2021
CAPITAL, ACTIONS - DIVERS
PDF

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings6 filings

Mandates

Luke Christopher Duster

Brenda Pei-Lin Yang

Andrew Page

Gabriel Becher

Andrew Carragher

Andy Page

Cameron McDavid

Robert Wilkins

Pierre Rigaux

Jennifer Trainor-Mcdermott

Jeffrey Hicks

John Benear II

20192020202120222023202420252026

DW Cefaly Holding

Boulevard de Patience et Beaujonc 3, 4000 Liège

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard de Patience et Beaujonc 3, 4000 LiègeCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00566487

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DW Cefaly HoldingCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00566487

Events

2025
Annual accounts 2025-29,6 M €↓
2024
Annual accounts 2024-127,2 k €↓
2023
Annual accounts 2023-106,6 k €↑
2022
Annual accounts 2022-195,6 k €↓
2021
Annual accounts 2021-122 k €↑
2020
Annual accounts 2020-6,3 M €
29/04/2019
IncorporationPrivate limited company

DW Cefaly Holding

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events