ACTIVE

CERFILS

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Financial year 2025 · closed on 31/12/2025

Net result

883,9 k €

-48.5% YoY

Equity

5,9 M €

+1.4% YoY

What does CERFILS do?

CERFILS is a Public limited company incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Ciney.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0842.814.687

Incorporation

13/01/2012

Legal form

Public limited company

Registered office

Avenue Schlogel 115
5590 Ciney · WallonieSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	–		–		–		–		–		–		–		673,8 k €	-2.4%	690,5 k €	+0.8%	685,4 k €	+8.0%	634,6 k €	+30.1%	487,9 k €	-13.0%	560,6 k €	+41.3%	396,6 k €
EBITDA	10,2 k €	+191%	-11,2 k €	-4.1%	-10,8 k €	-6.5%	-10,1 k €	+19.9%	-12,6 k €	-27.7%	-9,9 k €	-101%	821,3 k €	+36.7%	600,8 k €	-2.9%	618,7 k €	+1.1%	612,3 k €	+10.9%	552,3 k €	+33.4%	414,2 k €	-14.5%	484,4 k €	+53.1%	316,4 k €
Operating result	10,2 k €	+191%	-11,2 k €	-4.1%	-10,8 k €	-6.5%	-10,1 k €	+19.9%	-12,6 k €	-27.7%	-9,9 k €	-101%	821,3 k €	+36.7%	600,8 k €	-2.9%	618,7 k €	+1.1%	612,3 k €	+10.9%	552,3 k €	+38.4%	399,1 k €	-15.0%	469,3 k €	+53.9%	305 k €
Net result	883,9 k €	-48.5%	1,7 M €	+162%	654,6 k €	+1031%	57,9 k €	+1950%	-3,1 k €	-155%	-1,2 k €	-100%	587,1 k €	+17.1%	501,6 k €	+22.1%	410,8 k €	-5.0%	432,6 k €	+0.8%	429,3 k €	+48.3%	289,5 k €	-17.1%	349,4 k €	+7.0%	326,5 k €
Balance sheet
Equity	5,9 M €	+1.4%	5,8 M €	+41.8%	4,1 M €	+19.0%	3,5 M €	+1.7%	3,4 M €	-0.1%	3,4 M €	-0.0%	3,4 M €	+20.9%	2,8 M €	+21.7%	2,3 M €	+0.5%	2,3 M €	+23.2%	1,9 M €	+29.2%	1,4 M €	+24.3%	1,2 M €	+41.8%	819,5 k €
Total assets	10,1 M €	+9.1%	9,3 M €	+3.2%	9 M €	+11.2%	8,1 M €	+8.8%	7,4 M €	+0.1%	7,4 M €	+2.1%	7,3 M €	+4.7%	6,9 M €	-13.6%	8 M €	+9.6%	7,3 M €	-4.8%	7,7 M €	-2.0%	7,9 M €	+52.6%	5,1 M €	-8.1%	5,6 M €
Cash	4,2 k €	-53.5%	9 k €	-81.0%	47,6 k €	-10.7%	53,3 k €	-9.8%	59,1 k €	+2.7%	57,5 k €	+18.3%	48,6 k €	-77.4%	215,5 k €	+1997%	10,3 k €	-80.7%	53,1 k €	+554%	8,1 k €	-84.8%	53,5 k €	-74.5%	210,1 k €	-67.3%	642,8 k €
Debts	4,2 M €	+22.0%	3,4 M €	-29.3%	4,9 M €	+5.5%	4,6 M €	+14.9%	4 M €	+0.2%	4 M €	+5.2%	3,8 M €	-7.4%	4,1 M €	-27.9%	5,7 M €	+13.8%	5 M €	-13.8%	5,8 M €	-9.0%	6,4 M €	+60.9%	4 M €	-16.6%	4,8 M €
Other
Workforce	–		–		–		–		–		–		1,1 ETP	-45.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 8 ended

Active mandates

C.M.F. Liekens

Managing director · since 09 juin 2021 · until 16 juin 2027

Active

E.A.M. Van Osta

Managing director · since 09 juin 2021 · until 16 juin 2027

Active

Ended mandates

C.M.F. Liekens

Administrator - manager · since 01 octobre 2019

Ended

C.M.F. LIEKENS

Director · since 01 octobre 2019

Ended

Benjamin FILSFILS

Director · since 13 janvier 2012 · until 01 octobre 2019

Ended

Benjamin FILSFILS

Manager · since 13 janvier 2012

Ended

At this address

Other companies at this address

Company	CBE no.
FB WOOD● Active	0733.541.021
FISBOI● Active	0432.848.345
IMOFILS● Active	0844.300.173
M. et G. FILSFILS● Active	0436.248.392
M.G.F. BOIS● Active	0436.248.590
M.J MANAGEMENT● Active	0888.409.340
TeamSport Ciney● Active	0721.432.451

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/07/2026	11/07/2025	01/07/2024	03/07/2023	03/08/2022	29/07/2021
General meeting	17/06/2026	18/06/2025	19/06/2024	21/06/2023	15/06/2022	09/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	17/06/2026	23/07/2026	French	PDF
Full model	31/12/2024	18/06/2025	11/07/2025	French	PDF
Full model	31/12/2023	19/06/2024	01/07/2024	French	PDF
Full model	31/12/2022	21/06/2023	03/07/2023	French	PDF
Full model	31/12/2021	15/06/2022	03/08/2022	French	PDF
Full model	31/12/2020	09/06/2021	29/07/2021	French	PDF
Full model	31/12/2019	02/07/2020	29/07/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	06/08/2019	French	PDF
Abridged model	31/12/2017	19/06/2018	08/08/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	27/06/2017	French	PDF
Abridged model	31/12/2015	25/03/2016	06/04/2016	French	PDF
Abridged model	31/12/2014	04/03/2015	12/03/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	14/08/2014	French	PDF
Abridged model	31/12/2012	14/05/2013	19/09/2013	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 8 ended

Active mandates

C.M.F. Liekens

Managing director · since 09 juin 2021 · until 16 juin 2027

Active

E.A.M. Van Osta

Managing director · since 09 juin 2021 · until 16 juin 2027

Active

Ended mandates

C.M.F. Liekens

Administrator - manager · since 01 octobre 2019

Ended

C.M.F. LIEKENS

Director · since 01 octobre 2019

Ended

Benjamin FILSFILS

Director · since 13 janvier 2012 · until 01 octobre 2019

Ended

Benjamin FILSFILS

Manager · since 13 janvier 2012

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates16/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/09/2021
OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates31/10/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares31/01/2018
CAPITAL, ACTIONS
PDF
Other10/01/2013
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Other27/01/2012
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025883,9 k €↓
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 2023654,6 k €↑
2022
Annual accounts 202257,9 k €↑
2021
Annual accounts 2021-3,1 k €↓
2020
Annual accounts 2020-1,2 k €↓
2019
Annual accounts 2019587,1 k €↑
2018
Annual accounts 2018501,6 k €↑
2017
Annual accounts 2017410,8 k €↓
2016
Annual accounts 2016432,6 k €↑
2015
Annual accounts 2015429,3 k €↑
2014
Annual accounts 2014289,5 k €↓
2013
Annual accounts 2013349,4 k €↑
2012
Annual accounts 2012326,5 k €
13/01/2012
IncorporationPublic 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

CERFILS

Overview

What does CERFILS do?

Trend over 14 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