NORMAL SITUATION

CETIM

Financial year 2025 · closed on 31/12/2025
Net result
299 k €
+120.3% YoY
Gross margin
507,9 k €
+47.7% YoY
Equity
535,4 k €
-7.6% YoY
Workforce
1,0 ETP
-33.3% YoY

Company — Normal situation.

What does CETIM do?

CETIM is a company registered in Belgium. It employs on average 1,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0758.511.294
Legal form
Public limited company
Contributed capital
459 792,46 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Joint committees (1)
  • 200
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin507,9 k €343,8 k €191 k €215,2 k €2,4 M €
EBITDA370,8 k €183,9 k €16,3 k €24 k €2,2 M €
Operating result364,5 k €177,3 k €8,8 k €7,7 k €2,2 M €
Net result299 k €135,7 k €26,1 k €24,6 k €2 M €
Balance sheet
Equity535,4 k €579,4 k €2,8 M €2,8 M €2,8 M €
Total assets921,4 k €1,2 M €3,4 M €3,7 M €3,6 M €
Cash438,7 k €267,8 k €113,5 k €237 k €665,4 k €
Debts386,1 k €643,5 k €547,3 k €866,2 k €819,8 k €
Other
Workforce1,0 ETP1,5 ETP1,9 ETP1,9 ETP1,9 ETP
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 9 ended

Active mandates

RE INVEST

Director · since 09 mai 2023 · until 18 décembre 2025 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Active
Vincent Doumier

Director · since 09 mai 2023 · until 01 octobre 2024 · 0502.670.529

Represented by Vincent Doumier

Active
PASCAL BALTUS

Director · since 10 novembre 2020 · 0893.546.380

Represented by Pascal Baltus

Active
Philing

Chairman of the board of directors · since 10 novembre 2020 · until 18 décembre 2025 · 0843.588.214

Represented by Marc Van Doornick

Active
VFRANCO

Managing director · since 10 novembre 2020 · until 18 décembre 2025 · 0743.869.442

Represented by Victor Franco

Active

Ended mandates

RE INVEST

Director · since 09 mai 2023 · until 12 mai 2026 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 09 mai 2023 · until 12 mai 2026 · 0502.670.529

Represented by Vincent Doumier

Ended
RE INVEST

Director · since 11 mai 2021 · until 09 mai 2023 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 11 mai 2021 · until 09 mai 2023 · 0502.670.529

Represented by Vincent Doumier

Ended
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202217/11/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months14 months
Filing date21/05/202617/06/202505/06/202416/06/202301/06/2022
General meeting12/05/202613/05/202529/03/202409/05/202310/05/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202512/05/202621/05/2026FrenchPDF
Abridged model31/12/202413/05/202517/06/2025FrenchPDF
Abridged model31/12/202329/03/202405/06/2024FrenchPDF
Abridged model31/12/202209/05/202316/06/2023FrenchPDF
Abridged model31/12/202110/05/202201/06/2022FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 9 ended

Active mandates

RE INVEST

Director · since 09 mai 2023 · until 18 décembre 2025 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Active
Vincent Doumier

Director · since 09 mai 2023 · until 01 octobre 2024 · 0502.670.529

Represented by Vincent Doumier

Active
PASCAL BALTUS

Director · since 10 novembre 2020 · 0893.546.380

Represented by Pascal Baltus

Active
Philing

Chairman of the board of directors · since 10 novembre 2020 · until 18 décembre 2025 · 0843.588.214

Represented by Marc Van Doornick

Active
VFRANCO

Managing director · since 10 novembre 2020 · until 18 décembre 2025 · 0743.869.442

Represented by Victor Franco

Active

Ended mandates

RE INVEST

Director · since 09 mai 2023 · until 12 mai 2026 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 09 mai 2023 · until 12 mai 2026 · 0502.670.529

Represented by Vincent Doumier

Ended
RE INVEST

Director · since 11 mai 2021 · until 09 mai 2023 · 0436.020.344

Represented by Brigitte Gouder de Beauregard

Ended
Vincent Doumier

Director · since 11 mai 2021 · until 09 mai 2023 · 0502.670.529

Represented by Vincent Doumier

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution16/02/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring09/02/2026
    CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Mandates31/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring30/12/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring12/11/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Other17/10/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates05/12/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares10/07/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - CAPITAL, ACTIONS
    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 2025299 k €
  2. 2024
    Annual accounts 2024135,7 k €
  3. 2023
    Annual accounts 202326,1 k €
  4. 2022
    Annual accounts 202224,6 k €
  5. 2021
    Annual accounts 20212 M €