ACTIVE

CERTIOR

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Financial year 2025 · closed on 31/12/2025
Net result
81,8 k €
+23.4% YoY
Gross margin
116,5 k €
+22.4% YoY
Equity
202,2 k €
+41.6% YoY

What does CERTIOR do?

CERTIOR is a Private limited company incorporated in 2011. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Lummen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0835.918.680
Incorporation
02/05/2011
Legal form
Private limited company
Registered office
Demerstraat 5 box A
3560 Lummen · FlandreSee on map
Contributed capital
6 300,00 €
Latest accounts
31/12/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy80090Security and investigation activities80200Security systems service activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin116,5 k €95,2 k €68,3 k €34,3 k €1,5 k €890,5 €-1,6 k €-1,3 k €4,3 k €-1 k €-654,1 €1,4 k €1,7 k €2,7 k €
EBITDA114,7 k €93,2 k €66,3 k €34,2 k €1,3 k €890,5 €-1,7 k €-1,3 k €4,3 k €-1,2 k €-751,1 €1,3 k €1,6 k €2,7 k €
Operating result113,4 k €91,8 k €65,5 k €33,7 k €1,3 k €821,9 €-1,9 k €-1,6 k €3,9 k €-1,2 k €-1,1 k €682,1 €381,5 €1,1 k €
Net result81,8 k €66,3 k €46 k €23,3 k €1,3 k €751,3 €-2,1 k €-1,6 k €3,4 k €-1,2 k €-1,1 k €707,1 €88,7 €762,9 €
Balance sheet
Equity202,2 k €142,8 k €76,5 k €30,6 k €7,3 k €6 k €5,3 k €7,4 k €8,9 k €5,6 k €6,8 k €7,9 k €7,2 k €7,1 k €
Total assets233,6 k €150,8 k €86,2 k €44,4 k €7,4 k €8,3 k €5,5 k €8 k €9,5 k €5,7 k €6,8 k €8 k €7,2 k €7,3 k €
Cash170,4 k €112,2 k €52,6 k €5,9 k €5,1 k €4,9 k €4,1 k €6,2 k €7,7 k €5,2 k €5,9 k €6,1 k €5,6 k €5,7 k €
Debts31,4 k €8 k €9,7 k €13,8 k €81,9 €2,2 k €237,9 €595,6 €595,6 €105 €–166,9 €–258,2 €
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 31/12/2025 · 1 active · 4 ended

Active mandates

Thomas MINTEN

Manager · since 02 mai 2011

Active

Ended mandates

Rik VANDORMAEL

Manager · since 02 mai 2011

Ended
Erik CETINKAYA

Manager

Ended
Rik VANDORMAEL

Manager

Ended
Thomas MINTEN

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
Dr. Nadine Karremans● Active
0568.523.829
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date10/08/202619/08/202509/06/202409/07/202310/07/202211/07/2021
General meeting10/03/202606/05/202511/03/202425/06/202328/04/202208/06/2021
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

14 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202510/03/202610/08/2026DutchPDF
Micro model31/12/202406/05/202519/08/2025DutchPDF
Micro model31/12/202311/03/202409/06/2024DutchPDF
Micro model31/12/202225/06/202309/07/2023DutchPDF
Micro model31/12/202128/04/202210/07/2022DutchPDF
Micro model31/12/202008/06/202111/07/2021DutchPDF
Micro model31/12/201924/02/202024/06/2020DutchPDF
Micro model31/12/201826/01/201925/05/2019DutchPDF
Micro model31/12/201725/04/201806/08/2018DutchPDF
Micro model31/12/201605/05/201725/09/2017DutchPDF
Abridged model31/12/201527/04/201609/09/2016DutchPDF
Abridged model31/12/201404/05/201529/05/2015DutchPDF
Abridged model31/12/201330/04/201407/07/2014DutchPDF
Abridged model31/12/201229/06/201309/07/2013DutchPDF
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 31/12/2025 · 1 active · 4 ended

Active mandates

Thomas MINTEN

Manager · since 02 mai 2011

Active

Ended mandates

Rik VANDORMAEL

Manager · since 02 mai 2011

Ended
Erik CETINKAYA

Manager

Ended
Rik VANDORMAEL

Manager

Ended
Thomas MINTEN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates05/06/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/02/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/05/2011
    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 202581,8 k €↑
  2. 2024
    Annual accounts 202466,3 k €↑
  3. 2023
    Annual accounts 202346 k €↑
  4. 2022
    Annual accounts 202223,3 k €↑
  5. 2021
    Annual accounts 20211,3 k €↑
  6. 2020
    Annual accounts 2020751,3 €↑
  7. 2019
    Annual accounts 2019-2,1 k €↓
  8. 2018
    Annual accounts 2018-1,6 k €↓
  9. 2017
    Annual accounts 20173,4 k €↑
  10. 2016
    Annual accounts 2016-1,2 k €↓
  11. 2015
    Annual accounts 2015-1,1 k €↓
  12. 2014
    Annual accounts 2014707,1 €↑
  13. 2013
    Annual accounts 201388,7 €↓
  14. 2012
    Annual accounts 2012762,9 €
  15. 02/05/2011
    IncorporationPrivate limited company