ACTIVE

CERcuits

Financial year 2025 · closed on 31/12/2025
Net result
-121,1 k €
-424.8% YoY
Gross margin
378,5 k €
+4.9% YoY
Equity
398,4 k €
-23.3% YoY
Workforce
6,3 ETP
+16.7% YoY

What does CERcuits do?

CERcuits is a Private limited company incorporated in 2021. Its main activity is: Manufacture of electronic components. Its registered office is in Geel. It employs on average 6,3 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0768.521.003
Incorporation
19/05/2021
Legal form
Private limited company
Registered office
Kleinhoefstraat 6
2440 Geel · FlandreSee on map
Contributed capital
507 498,97 €
Latest accounts
31/12/2025
Average workforce
6,3 ETP
Joint committees (2)
  • 200
  • 209
Signals
Solid equityPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin378,5 k €360,8 k €313,7 k €73,7 k €13,6 k €
EBITDA207,1 €66,5 k €86,8 k €7 k €9,8 k €
Operating result-110,5 k €-13,6 k €46,6 k €-6,8 k €8,6 k €
Net result-121,1 k €-23,1 k €40,1 k €-11,2 k €6,2 k €
Balance sheet
Equity398,4 k €519,6 k €39,9 k €-120,7 €11 k €
Total assets753,9 k €808,7 k €434 k €245,7 k €149,4 k €
Cash153,4 k €95,8 k €48,7 k €42,8 k €76 k €
Debts349,9 k €283,6 k €394 k €244 k €138,3 k €
Other
Workforce6,3 ETP5,4 ETP4,9 ETP1,4 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 10 ended

Active mandates

LUPPENS

Director · since 09 avril 2026 · 0474.746.803

Represented by Frederik Luppens

Active
SHS Investment LLC

Director · since 09 avril 2026

Represented by Ahmad Jwania

Active
Anouchka Echelpoels

Director · since 12 janvier 2024 · until 09 avril 2026

Active

Ended mandates

LUPPENS

Director · since 03 septembre 2024 · 0474.746.803

Represented by Frederik Luppens

Ended
SHS Investment L.L.C

Director · since 03 septembre 2024 · 0803.057.771

Represented by Ahmad Jwania

Ended
Ahmad Jwania

Director · since 12 janvier 2024 · until 03 septembre 2024

Ended
Ahmad Jwania

Director · since 12 janvier 2024

Ended
At this address

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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202219/05/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months8 months
Filing date31/07/202625/07/202530/07/202422/07/202331/05/2022
General meeting30/06/202630/06/202524/06/202430/06/202304/05/2022
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 model31/12/202530/06/202631/07/2026DutchPDF
Abridged model31/12/202430/06/202525/07/2025DutchPDF
Abridged model31/12/202324/06/202430/07/2024DutchPDF
Abridged model31/12/202230/06/202322/07/2023DutchPDF
Abridged model31/12/202104/05/202231/05/2022DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 3 active · 10 ended

Active mandates

LUPPENS

Director · since 09 avril 2026 · 0474.746.803

Represented by Frederik Luppens

Active
SHS Investment LLC

Director · since 09 avril 2026

Represented by Ahmad Jwania

Active
Anouchka Echelpoels

Director · since 12 janvier 2024 · until 09 avril 2026

Active

Ended mandates

LUPPENS

Director · since 03 septembre 2024 · 0474.746.803

Represented by Frederik Luppens

Ended
SHS Investment L.L.C

Director · since 03 septembre 2024 · 0803.057.771

Represented by Ahmad Jwania

Ended
Ahmad Jwania

Director · since 12 janvier 2024 · until 03 septembre 2024

Ended
Ahmad Jwania

Director · since 12 janvier 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/04/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/01/2024
    DIVERSEN - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/05/2021
    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 2025-121,1 k €
  2. 2024
    Annual accounts 2024-23,1 k €
  3. 2023
    Annual accounts 202340,1 k €
  4. 2022
    Annual accounts 2022-11,2 k €
  5. 2021
    Annual accounts 20216,2 k €
  6. 19/05/2021
    IncorporationPrivate limited company