ACTIVE

CDL-Engineering

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Financial year 2025 · closed on 31/12/2025
Net result
185,2 k €
-7.9% YoY
Gross margin
923,7 k €
-1.8% YoY
Equity
632,6 k €
+0.8% YoY
Workforce
6,6 ETP
-4.3% YoY

What does CDL-Engineering do?

CDL-Engineering is a Public limited company incorporated in 2020. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Merelbeke-Melle. It employs on average 6,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0746.971.165
Incorporation
18/05/2020
Legal form
Public limited company
Registered office
Karel De Roosestraat 15
9820 Merelbeke-Melle · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
6,6 ETP
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy
Contacts
1 public detail availableLog in to view
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 6 financial years

202520242023202220212020
Income statement
Gross margin923,7 k €941,1 k €955,4 k €713,6 k €725,8 k €737,7 k €
EBITDA291,5 k €305,7 k €328,9 k €271,8 k €307,8 k €372,8 k €
Operating result243,7 k €255,1 k €291,6 k €255,5 k €290,1 k €354,4 k €
Net result185,2 k €201,0 k €225,6 k €186,3 k €210,8 k €262,7 k €
Balance sheet
Equity632,6 k €627,4 k €626,4 k €600,7 k €514,5 k €403,7 k €
Total assets1,0 M €1,1 M €1,1 M €900,9 k €817,8 k €569,5 k €
Cash564,9 k €575,5 k €665,9 k €580,2 k €495,5 k €325,7 k €
Debts404,3 k €440,5 k €460,0 k €300,1 k €303,3 k €165,8 k €
Other
Workforce6,6 ETP6,9 ETP6,7 ETP5,7 ETP5,5 ETP2,3 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 · 7 active · 3 ended

Active mandates

Dries Hillewaere

Managing director · since 01 juin 2025 · until 30 juin 2026

Active
Simon Vandermersch

Director · since 01 juin 2025 · until 30 juin 2026

Active
FGL-Projects

Director · since 31 mai 2025 · until 30 juin 2026 · 0897.920.486

Represented by Filip Leenknegt

Active
Dries Hillewaere

Director · since 01 juillet 2021 · until 31 mai 2025

Active
FGL-Projects

Managing director · since 08 mai 2020 · until 30 mai 2025 · 0897.920.486

Represented by Filip Leenknegt

Active
René Schepens

Chairman of the board of directors · since 08 mai 2020 · until 30 juin 2026

Active
Stefan Pieters

Director · since 08 mai 2020 · until 30 juin 2026

Active

Ended mandates

Dries Hillewaere

Director · since 01 juillet 2021 · until 30 juin 2026

Ended
Hendrik Aelbrecht

Director · since 01 juillet 2021 · until 30 juin 2026

Ended
FGL-Projects

Managing director · since 08 mai 2020 · until 30 juin 2026 · 0897.920.486

Represented by Filip Leenknegt

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date24/06/202626/06/202525/06/202421/06/202308/06/202209/06/2021
General meeting29/05/202630/05/202530/05/202426/05/202327/05/202227/05/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202624/06/2026DutchPDF
Abridged model31/12/202430/05/202526/06/2025DutchPDF
Abridged model31/12/202330/05/202425/06/2024DutchPDF
Abridged model31/12/202226/05/202321/06/2023DutchPDF
Abridged model31/12/202127/05/202208/06/2022DutchPDF
Abridged model31/12/202027/05/202109/06/2021DutchPDF
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 · 7 active · 3 ended

Active mandates

Dries Hillewaere

Managing director · since 01 juin 2025 · until 30 juin 2026

Active
Simon Vandermersch

Director · since 01 juin 2025 · until 30 juin 2026

Active
FGL-Projects

Director · since 31 mai 2025 · until 30 juin 2026 · 0897.920.486

Represented by Filip Leenknegt

Active
Dries Hillewaere

Director · since 01 juillet 2021 · until 31 mai 2025

Active
FGL-Projects

Managing director · since 08 mai 2020 · until 30 mai 2025 · 0897.920.486

Represented by Filip Leenknegt

Active
René Schepens

Chairman of the board of directors · since 08 mai 2020 · until 30 juin 2026

Active
Stefan Pieters

Director · since 08 mai 2020 · until 30 juin 2026

Active

Ended mandates

Dries Hillewaere

Director · since 01 juillet 2021 · until 30 juin 2026

Ended
Hendrik Aelbrecht

Director · since 01 juillet 2021 · until 30 juin 2026

Ended
FGL-Projects

Managing director · since 08 mai 2020 · until 30 juin 2026 · 0897.920.486

Represented by Filip Leenknegt

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates24/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/06/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/06/2020
    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 2025185,2 k €↓
  2. 2024
    Annual accounts 2024201,0 k €↓
  3. 2023
    Annual accounts 2023225,6 k €↑
  4. 2022
    Annual accounts 2022186,3 k €↓
  5. 2021
    Annual accounts 2021210,8 k €↓
  6. 2020
    Annual accounts 2020262,7 k €
  7. 18/05/2020
    IncorporationPublic limited company