ACTIVE

Cillen

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Financial year 2025 · closed on 30/09/2025

Net result

654,9 k €

+14.5% YoY

Gross margin

1,4 M €

+20.6% YoY

Equity

2,9 M €

+26.5% YoY

Workforce

2,5 ETP

-7.4% YoY

What does Cillen do?

Cillen is a Private limited company incorporated in 2011. Its main activity is: Construction of roads and motorways. Its registered office is in Bree. It employs on average 2,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.318.207

Incorporation

22/12/2011

Legal form

Private limited company

Registered office

Industrieterrein Kanaal-Noord 1661
3960 Bree · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

30/09/2025

Average workforce

2,5 ETP

Activities (NACE)

42110Construction of roads and motorways· main 42110Construction of roads and motorways 43120Site preparation 43120Site preparation 42212Construction of utility projects for fluids 42212Construction of utility projects for fluids+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	1,4 M €	+20.6%	1,2 M €	+28.2%	919,2 k €	+10.8%	829,7 k €	+51.3%	548,4 k €	+22.3%	448,4 k €	+41.7%	316,5 k €	+18.7%	266,7 k €	+10.4%	241,6 k €	+81.0%	133,5 k €	+36.9%	97,5 k €	-38.8%	159,2 k €	+10.0%	144,8 k €
EBITDA	1,2 M €	+23.4%	993,7 k €	+25.4%	792,5 k €	+8.6%	730,1 k €	+57.2%	464,3 k €	+23.0%	377,6 k €	+36.0%	277,6 k €	+5.0%	264,5 k €	+10.0%	240,5 k €	+83.3%	131,2 k €	+38.3%	94,9 k €	-40.3%	158,9 k €	+10.4%	144 k €
Operating result	997 k €	+24.3%	802,3 k €	+36.7%	587 k €	-0.5%	589,8 k €	+75.6%	335,8 k €	+26.5%	265,4 k €	+116%	123 k €	-34.0%	186,4 k €	+14.9%	162,3 k €	+175%	58,9 k €	+152%	23,4 k €	-71.7%	82,7 k €	+69.7%	48,7 k €
Net result	654,9 k €	+14.5%	571,9 k €	+42.3%	401,9 k €	-6.8%	431 k €	+74.8%	246,6 k €	+38.3%	178,3 k €	+69.5%	105,2 k €	-15.1%	124 k €	+19.6%	103,7 k €	+89.1%	54,8 k €	+228%	16,7 k €	-70.4%	56,4 k €	+81.9%	31 k €
Balance sheet
Equity	2,9 M €	+26.5%	2,3 M €	+33.2%	1,7 M €	+30.8%	1,3 M €	+40.6%	929,3 k €	+36.1%	682,7 k €	+35.4%	504,4 k €	+26.4%	399,1 k €	+45.1%	275,1 k €	+60.5%	171,4 k €	+47.0%	116,6 k €	+16.8%	99,8 k €	+130%	43,4 k €
Total assets	3,4 M €	+20.6%	2,8 M €	+10.0%	2,5 M €	+12.5%	2,3 M €	+52.5%	1,5 M €	+49.8%	985,9 k €	+9.2%	903,2 k €	+24.0%	728,6 k €	-7.9%	791,4 k €	+24.5%	635,6 k €	+3.2%	616 k €	+11.0%	554,8 k €	+116%	256,9 k €
Cash	398,6 k €	+87.6%	212,5 k €	-66.7%	639,1 k €	-8.2%	696,4 k €	+46.7%	474,7 k €	+38.8%	342,1 k €	+22.4%	279,4 k €	+8.1%	258,4 k €	+79.0%	144,3 k €	+31.0%	110,2 k €	-53.0%	234,5 k €	+94.0%	120,9 k €	+1145%	9,7 k €
Debts	487,2 k €	-1.0%	491,9 k €	-40.6%	827,8 k €	-12.6%	947,3 k €	+72.9%	548 k €	+80.7%	303,2 k €	-24.0%	398,8 k €	+21.0%	329,5 k €	-36.2%	516,3 k €	+11.2%	464,2 k €	-7.1%	499,4 k €	+9.8%	454,9 k €	+113%	213,5 k €
Other
Workforce	2,5 ETP	-7.4%	2,7 ETP	+17.4%	2,3 ETP	+35.3%	1,7 ETP	+54.5%	1,1 ETP	+10.0%	1,0 ETP	+25.0%	0,8 ETP		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 2 ended

Active mandates

Bert Cillen

Director

Active

Ended mandates

Bert Cillen

Manager · since 22 décembre 2011

Ended

Bert Cillen

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BERIMMO● Active	0676.783.846

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/04/2026	30/04/2025	02/04/2024	28/04/2023	16/03/2022	02/06/2021
General meeting	17/03/2026	18/03/2025	19/03/2024	21/03/2023	15/03/2022	16/03/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	17/03/2026	17/04/2026	Dutch	PDF
Abridged model	30/09/2024	18/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	19/03/2024	02/04/2024	Dutch	PDF
Abridged model	30/09/2022	21/03/2023	28/04/2023	Dutch	PDF
Abridged model	30/09/2021	15/03/2022	16/03/2022	Dutch	PDF
Abridged model	30/09/2020	16/03/2021	02/06/2021	Dutch	PDF
Abridged model	30/09/2019	17/03/2020	31/05/2020	Dutch	PDF
Micro model	30/09/2018	19/03/2019	24/04/2019	Dutch	PDF
Micro model	30/09/2017	20/03/2018	12/04/2018	Dutch	PDF
Abridged model	30/09/2016	21/03/2017	23/03/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	16/03/2016	Dutch	PDF
Abridged model	30/09/2014	17/03/2015	01/04/2015	Dutch	PDF
Abridged model	30/09/2013	18/03/2014	10/04/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 ended

Active mandates

Bert Cillen

Director

Active

Ended mandates

Bert Cillen

Manager · since 22 décembre 2011

Ended

Bert Cillen

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Registered office27/11/2018
MAATSCHAPPELIJKE ZETEL
PDF
Other08/04/2013
ALGEMENE VERGADERING
PDF
Other12/01/2012
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 2025654,9 k €↑
2024
Annual accounts 2024571,9 k €↑
2023
Annual accounts 2023401,9 k €↓
2023
Name changeCILLEN
2022
Annual accounts 2022431 k €↑
2022
Name changeBERT CILLEN GROND- EN AFBRAAKWERKEN
2021
Annual accounts 2021246,6 k €↑
2020
Annual accounts 2020178,3 k €↑
2019
Annual accounts 2019105,2 k €↓
2018
Annual accounts 2018124 k €↑
2017
Annual accounts 2017103,7 k €↑
2016
Annual accounts 201654,8 k €↑
2015
Annual accounts 201516,7 k €↓
2014
Annual accounts 201456,4 k €↑
2013
Annual accounts 201331 k €
22/12/2011
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

Cillen

Overview

What does Cillen do?

Trend over 13 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