ACTIVE

Cegelec Fire Solutions

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Financial year 2025 · closed on 31/12/2025

Net result

-59,5 k €

-104.6% YoY

Revenue

19,2 M €

-11.1% YoY

Equity

2,5 M €

-2.4% YoY

Workforce

69,0 ETP

+18.2% YoY

What does Cegelec Fire Solutions do?

Cegelec Fire Solutions is a Public limited company incorporated in 2012. Its main activity is: Electrical installation. Its registered office is in Bruxelles. It employs on average 69,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0844.082.716

Incorporation

01/03/2012

Legal form

Public limited company

Registered office

Avenue du Bourget 44
1130 Bruxelles · BruxellesSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

69,0 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 71121Engineering activities and related technical consultancy 71121Engineering activities and related technical consultancy

Joint committees (2)

Signals

Good liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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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
Revenue	19,2 M €	-11.1%	21,6 M €	+13.1%	19,1 M €	-28.7%	26,8 M €	+22.8%	21,8 M €	+16.8%	18,7 M €	+10.2%	17 M €	+15.9%	14,6 M €	-19.8%	18,2 M €	+46.0%	12,5 M €	+15.9%	10,8 M €	-12.6%	12,3 M €	+21.7%	10,1 M €	+14.5%	8,8 M €
EBITDA	-11,6 k €	-101%	1,8 M €	+18.3%	1,6 M €	-25.3%	2,1 M €	+33.2%	1,6 M €	+31.6%	1,2 M €	-34.7%	1,8 M €	+45.4%	1,3 M €	-22.9%	1,6 M €	+56.0%	1 M €	-10.3%	1,2 M €	+12.3%	1 M €	+2.2%	1 M €	+82.4%	555,4 k €
Operating result	-44,6 k €	-103%	1,7 M €	+10.8%	1,5 M €	-26.4%	2 M €	+42.7%	1,4 M €	+29.6%	1,1 M €	-39.8%	1,8 M €	+50.5%	1,2 M €	-20.8%	1,5 M €	+61.3%	957 k €	-13.9%	1,1 M €	+10.0%	1 M €	+7.9%	936,3 k €	+71.6%	545,5 k €
Net result	-59,5 k €	-105%	1,3 M €	-2.6%	1,3 M €	-6.8%	1,4 M €	+44.1%	982,6 k €	+27.1%	772,9 k €	-35.3%	1,2 M €	+46.4%	816,5 k €	-10.9%	916,2 k €	+51.5%	604,7 k €	-10.3%	674,1 k €	+13.1%	596 k €	+4.6%	569,6 k €	+80.0%	316,5 k €
Balance sheet
Equity	2,5 M €	-2.4%	2,5 M €	+0.3%	2,5 M €	+0.0%	2,5 M €	+44.0%	1,7 M €	-4.1%	1,8 M €	+4.2%	1,7 M €	+12.6%	1,5 M €	+8.2%	1,4 M €	+17.9%	1,2 M €	+20.3%	1 M €	+2.5%	982,1 k €	-29.1%	1,4 M €	+69.8%	816,5 k €
Total assets	10,8 M €	+8.6%	9,9 M €	-13.4%	11,5 M €	-15.4%	13,6 M €	-3.0%	14 M €	+10.2%	12,7 M €	-10.6%	14,2 M €	+50.1%	9,5 M €	+11.0%	8,5 M €	+17.1%	7,3 M €	+33.0%	5,5 M €	-7.6%	5,9 M €	+14.2%	5,2 M €	-21.4%	6,6 M €
Cash	3,9 M €	-5.6%	4,1 M €	-39.3%	6,7 M €	-11.3%	7,6 M €	-9.5%	8,4 M €	-2.4%	8,6 M €	-16.4%	10,3 M €	+82.5%	5,6 M €	-3.4%	5,8 M €	+54.1%	3,8 M €	+18.9%	3,2 M €	-8.6%	3,5 M €	+29.9%	2,7 M €	-21.6%	3,4 M €
Debts	8,3 M €	+12.2%	7,4 M €	-17.2%	9 M €	-18.9%	11,1 M €	-9.8%	12,3 M €	+12.6%	10,9 M €	-12.7%	12,5 M €	+202%	4,1 M €	-0.3%	4,1 M €	+33.0%	3,1 M €	+14.8%	2,7 M €	-12.1%	3,1 M €	+41.8%	2,2 M €	-58.7%	5,3 M €
Other
Workforce	69,0 ETP	+18.2%	58,4 ETP	+3.2%	56,6 ETP	-1.2%	57,3 ETP	+4.4%	54,9 ETP	+3.8%	52,9 ETP	+5.4%	50,2 ETP	+9.8%	45,7 ETP	+16.0%	39,4 ETP	+9.1%	36,1 ETP	+11.1%	32,5 ETP	+6.9%	30,4 ETP	+4.1%	29,2 ETP	+6.2%	27,5 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 31/12/2025 · 4 active · 26 ended

Active mandates

Ann Hendrickx

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Caroline Stroobant

Managing director · since 01 janvier 2025 · until 18 juin 2030

Active

Fabrice Montesi

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Filip Aerts

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Ended mandates

Marc Lemaire

Director · since 20 juin 2023 · until 31 décembre 2024

Ended

Marc Lemaire

Director · since 20 juin 2023 · until 19 juin 2029

Ended

Patrick Merckx

Director · since 20 juin 2023 · until 31 décembre 2024

Ended

Remco Ralmondo Geschiere

Director · since 01 janvier 2023 · until 31 décembre 2024

Ended

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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	26/08/2026	18/07/2025	16/07/2024	12/07/2023	08/07/2022	07/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full modelCorrection	31/12/2025	16/06/2026	26/08/2026	Dutch	PDF
Full model	31/12/2025	16/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	18/07/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	12/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	07/07/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	06/07/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	08/07/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	20/06/2017	05/07/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	14/07/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	01/07/2015	Dutch	PDF
Full model	31/12/2013	17/06/2014	11/07/2014	Dutch	PDF
Full model	31/12/2012	20/06/2013	15/07/2013	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 31/12/2025 · 4 active · 26 ended

Active mandates

Ann Hendrickx

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Caroline Stroobant

Managing director · since 01 janvier 2025 · until 18 juin 2030

Active

Fabrice Montesi

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Filip Aerts

Director · since 01 janvier 2025 · until 18 juin 2030

Active

Ended mandates

Marc Lemaire

Director · since 20 juin 2023 · until 31 décembre 2024

Ended

Marc Lemaire

Director · since 20 juin 2023 · until 19 juin 2029

Ended

Patrick Merckx

Director · since 20 juin 2023 · until 31 décembre 2024

Ended

Remco Ralmondo Geschiere

Director · since 01 janvier 2023 · until 31 décembre 2024

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2021
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/07/2017
ONTSLAGEN - BENOEMINGEN
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 2025-59,5 k €↓
2024
Annual accounts 20241,3 M €↓
2023
Annual accounts 20231,3 M €↓
2022
Annual accounts 20221,4 M €↑
2021
Annual accounts 2021982,6 k €↑
2020
Annual accounts 2020772,9 k €↓
2019
Annual accounts 20191,2 M €↑
2018
Annual accounts 2018816,5 k €↓
2017
Annual accounts 2017916,2 k €↑
2016
Annual accounts 2016604,7 k €↓
2015
Annual accounts 2015674,1 k €↑
2014
Annual accounts 2014596 k €↑
2013
Annual accounts 2013569,6 k €↑
2012
Annual accounts 2012316,5 k €
01/03/2012
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

Cegelec Fire Solutions

Overview

What does Cegelec Fire Solutions 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