ACTIVE

CBTS

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Financial year 2025 · closed on 30/09/2025

Net result

2,5 k €

-98.6% YoY

Gross margin

299,7 k €

-24.5% YoY

Equity

138,2 k €

+1.9% YoY

What does CBTS do?

CBTS is a Private limited company incorporated in 2008. Its registered office is in Heist-op-den-Berg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0807.667.233

Incorporation

31/10/2008

Legal form

Private limited company

Registered office

Impulsstraat 21
2220 Heist-op-den-Berg · FlandreSee on map

Contributed capital

2 500,00 €

Latest accounts

30/09/2025

Joint committees (3)

112
11201
20000

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	299,7 k €	-24.5%	396,7 k €	+265%	108,6 k €	+2276%	-5,0 k €	-119%	25,7 k €	-36.5%	40,4 k €	+370%	-15,0 k €	-188%	16,9 k €	-53.9%	36,8 k €	-13.2%	42,3 k €	+2.7%	41,2 k €	-21.3%	52,4 k €	-32.8%	77,9 k €	+198%	26,2 k €	-23.6%	34,3 k €	+273%	9,2 k €	+172%	-12,7 k €
EBITDA	58,6 k €	-78.3%	270,3 k €	+273%	72,5 k €	+461%	-20,1 k €	-188%	22,9 k €	-39.5%	37,8 k €	+280%	-21,0 k €	-235%	15,6 k €	-55.9%	35,4 k €	+309%	8,7 k €	-70.0%	28,8 k €	+101%	14,4 k €	-62.7%	38,4 k €	+65.7%	23,2 k €	-30.2%	33,3 k €	+309%	8,1 k €	+158%	-14,0 k €
Operating result	16,6 k €	-93.3%	248,7 k €	+367%	53,3 k €	+257%	-34,0 k €	-298%	17,2 k €	-25.4%	23,1 k €	+164%	-35,8 k €	-1519%	2,5 k €	-91.4%	29,4 k €	+1279%	2,1 k €	-87.0%	16,4 k €	+2057%	-836,4 €	-104%	19,2 k €	+161%	7,4 k €	-59.4%	18,2 k €	+10108%	177,9 €	+101%	-20,9 k €
Net result	2,5 k €	-98.6%	177,1 k €	+375%	37,3 k €	+193%	-40,0 k €	-434%	12,0 k €	-38.9%	19,6 k €	+151%	-38,2 k €	-1937%	2,1 k €	-89.3%	19,4 k €	+4559%	416,8 €	-97.2%	14,8 k €	+277%	-8,3 k €	-152%	16,2 k €	+484%	2,8 k €	-82.5%	15,9 k €	+628%	-3,0 k €	+87.3%	-23,7 k €
Balance sheet
Equity	138,2 k €	+1.9%	135,6 k €	+252%	38,6 k €	+2886%	1,3 k €	-96.9%	41,3 k €	+13.3%	36,4 k €	+116%	16,8 k €	-69.4%	55,1 k €	+3.9%	53,0 k €	+57.9%	33,6 k €	+1.3%	33,1 k €	+80.2%	18,4 k €	-31.2%	26,7 k €	+153%	10,6 k €	+35.6%	7,8 k €	+196%	-8,1 k €	+14.7%	-9,5 k €
Total assets	609,6 k €	+29.1%	472,1 k €	+137%	199,4 k €	+10.4%	180,6 k €	+10.6%	163,4 k €	+54.2%	105,9 k €	-14.4%	123,7 k €	-14.4%	144,5 k €	+59.9%	90,4 k €	-2.6%	92,8 k €	-0.9%	93,7 k €	+5.9%	88,5 k €	-31.3%	128,8 k €	+109%	61,7 k €	-15.5%	73,1 k €	+49.0%	49,0 k €	+1.4%	48,3 k €
Cash	82,7 k €	-40.7%	139,5 k €	+574%	20,7 k €	+1120%	1,7 k €	-92.5%	22,6 k €		–		–		–		3,0 k €	+18.1%	2,5 k €	-80.2%	12,9 k €	+791%	1,4 k €	-89.0%	13,1 k €	+249%	3,8 k €	-19.9%	4,7 k €		–		20,8 €
Debts	470,7 k €	+42.4%	330,5 k €	+106%	160,5 k €	-9.8%	178,0 k €	+45.8%	122,1 k €	+75.7%	69,5 k €	-35.0%	106,9 k €	+19.5%	89,4 k €	+139%	37,4 k €	-36.9%	59,2 k €	-2.1%	60,5 k €	-13.4%	69,9 k €	-31.5%	102,1 k €	+99.5%	51,2 k €	-21.6%	65,3 k €	+16.9%	55,8 k €	-3.4%	57,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 6 ended

Active mandates

Immo CBTS

Director · since 24 janvier 2025 · 1016.798.540

Represented by Bart Celen

Active

Ended mandates

Raymond Celen

Manager · since 01 décembre 2008

Ended

Bart Celen

Manager · since 31 octobre 2008

Ended

Bart Celen

Director

Ended

Bart Celen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
CBTS Groep● Active	1025.521.513
Immo CBTS● Active	1016.798.540

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	9 months	12 months	12 months
Filing date	21/04/2026	28/11/2024	31/01/2024	24/04/2023	01/07/2022	30/06/2021
General meeting	23/03/2026	15/11/2024	30/01/2024	31/03/2023	14/06/2022	08/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	23/03/2026	21/04/2026	Dutch	PDF
Micro model	30/09/2024	15/11/2024	28/11/2024	Dutch	PDF
Micro model	30/09/2023	30/01/2024	31/01/2024	Dutch	PDF
Micro model	30/09/2022	31/03/2023	24/04/2023	Dutch	PDF
Micro model	31/12/2021	14/06/2022	01/07/2022	Dutch	PDF
Micro model	31/12/2020	08/06/2021	30/06/2021	Dutch	PDF
Micro model	31/12/2019	09/06/2020	23/06/2020	Dutch	PDF
Micro model	31/12/2018	11/06/2019	24/06/2019	Dutch	PDF
Micro model	31/12/2017	12/06/2018	01/07/2018	Dutch	PDF
Micro model	31/12/2016	13/06/2017	27/06/2017	Dutch	PDF
Abridged model	31/12/2015	14/06/2016	04/07/2016	Dutch	PDF
Abridged model	31/12/2014	09/06/2015	31/07/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	12/06/2014	Dutch	PDF
Abridged model	31/12/2012	11/06/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	12/06/2012	20/06/2012	Dutch	PDF
Abridged model	31/12/2010	14/06/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	08/06/2010	16/07/2010	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 1 active · 6 ended

Active mandates

Immo CBTS

Director · since 24 janvier 2025 · 1016.798.540

Represented by Bart Celen

Active

Ended mandates

Raymond Celen

Manager · since 01 décembre 2008

Ended

Bart Celen

Manager · since 31 octobre 2008

Ended

Bart Celen

Director

Ended

Bart Celen

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - KAPITAAL - AANDELEN
PDF
Mandates04/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - DIVERSEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates24/12/2008
ONTSLAGEN - BENOEMINGEN
PDF
Other18/11/2008
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

2025
Annual accounts 20252,5 k €↓
2025
Name changeCBTS
2024
Annual accounts 2024177,1 k €↑
2023
Annual accounts 202337,3 k €↑
2022
Annual accounts 2022-40,0 k €↓
2021
Annual accounts 202112,0 k €↓
2021
Name changeC B T S Celen Bus en Truck Service
2020
Annual accounts 202019,6 k €↑
2019
Annual accounts 2019-38,2 k €↓
2018
Annual accounts 20182,1 k €↓
2017
Annual accounts 201719,4 k €↑
2016
Annual accounts 2016416,8 €↓
2015
Annual accounts 201514,8 k €↑
2014
Annual accounts 2014-8,3 k €↓
2013
Annual accounts 201316,2 k €↑
2012
Annual accounts 20122,8 k €↓
2011
Annual accounts 201115,9 k €↑
2010
Annual accounts 2010-3,0 k €↑
2009
Annual accounts 2009-23,7 k €
2009
Name changeCelen Bus en Truck Service
31/10/2008
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CBTS

Overview

What does CBTS do?

Trend over 17 financial years

Indicative valuation

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