ACTIVE

Cerba Path

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Financial year 2024 · closed on 31/12/2024

Net result

-207,2 k €

-214.0% YoY

Gross margin

2,1 M €

-19.6% YoY

Equity

4,1 M €

-4.8% YoY

Workforce

26,9 ETP

-2.9% YoY

What does Cerba Path do?

Cerba Path is a Public limited company incorporated in 2004. Its main activity is: General medical practice activities. Its registered office is in Anderlecht. It employs on average 26,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0865.879.606

Incorporation

21/06/2004

Legal form

Public limited company

Registered office

Boulevard de l'Humanité 116
1070 Anderlecht · BruxellesSee on map

Contributed capital

3 840 637,00 €

Latest accounts

31/12/2024

Average workforce

26,9 ETP

Activities (NACE)

86210General medical practice activities· main 86210General medical practice activities 86901Other human health activities 86910Other human health activities

Joint committees (3)

218
30502
330

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,1 M €	-19.6%	2,6 M €	+33.9%	1,9 M €	-17.8%	2,4 M €	+26.7%	1,9 M €	-4.9%	2 M €	+106%	950,6 k €	+77.7%	535 k €	+50.2%	356,2 k €	-0.5%	358 k €	-1.0%	361,4 k €	+20.1%	301 k €	+16.7%	257,9 k €	-20.2%	323 k €	+5.9%	305 k €	-4.2%	318,4 k €	+12.8%	282,3 k €	+130%	123 k €
EBITDA	328 k €	-58.4%	787,6 k €	+111%	372,7 k €	-60.5%	942,7 k €	+136%	399,8 k €	+29.7%	308,4 k €	-17.5%	373,8 k €	-6.1%	398,1 k €	+51.6%	262,6 k €	-1.7%	267,1 k €	+22.5%	218 k €	+9.7%	198,7 k €	+10.4%	180 k €	-25.7%	242,2 k €	+4.6%	231,6 k €	+4.9%	220,7 k €	+1.0%	218,4 k €	+172%	80,2 k €
Operating result	-162,2 k €	-146%	354,7 k €	+1002%	32,2 k €	-94.9%	633 k €	+566%	95,1 k €	+316%	-44,1 k €	-116%	270,8 k €	-17.3%	327,4 k €	+73.8%	188,4 k €	+3.9%	181,3 k €	+36.6%	132,7 k €	-0.6%	133,5 k €	+37.3%	97,2 k €	-32.3%	143,6 k €	+1.1%	142 k €	+18.0%	120,4 k €	-21.1%	152,5 k €	+413%	29,7 k €
Net result	-207,2 k €	-214%	181,7 k €	+539%	-41,4 k €	-110%	404 k €	+919%	-49,3 k €	+28.1%	-68,6 k €	-149%	139,5 k €	-29.0%	196,4 k €	+90.2%	103,3 k €	+5.1%	98,2 k €	+34.5%	73 k €	-6.9%	78,4 k €	+68.8%	46,5 k €	+7.2%	43,3 k €	-46.3%	80,7 k €	-13.1%	93 k €	+0.5%	92,5 k €	+662%	12,1 k €
Balance sheet
Equity	4,1 M €	-4.8%	4,3 M €	+4.4%	4,1 M €	-11.6%	4,7 M €	+9.4%	4,3 M €	-1.1%	4,3 M €	-1.6%	4,4 M €	+922%	430,2 k €	+84.0%	233,8 k €	+79.1%	130,5 k €	-1.4%	132,3 k €	-36.8%	209,3 k €	+59.9%	130,9 k €	+55.0%	84,4 k €	-47.6%	161,1 k €	+101%	80,3 k €	-41.5%	137,4 k €	+206%	44,9 k €
Total assets	5,6 M €	-6.7%	6 M €	-3.6%	6,2 M €	+8.5%	5,7 M €	+2.4%	5,6 M €	-9.3%	6,2 M €	+12.3%	5,5 M €	+402%	1,1 M €	+3.3%	1,1 M €	-1.9%	1,1 M €	-3.9%	1,1 M €	+124%	504,2 k €	+5.6%	477,5 k €	-27.8%	661,3 k €	+14.5%	577,7 k €	-9.2%	636,1 k €	+82.1%	349,2 k €	+15.6%	302,1 k €
Cash	–		–		1,3 M €	+5.2%	1,3 M €	+37.1%	915,5 k €	+146%	372,2 k €	+72.0%	216,4 k €	+1174%	17 k €	+1740%	923,1 €	-96.3%	24,9 k €	+1042%	2,2 k €	-96.3%	58,3 k €	+543%	9,1 k €	+25.7%	7,2 k €	-91.0%	80,1 k €	+27.1%	63 k €	+90.4%	33,1 k €	+38.2%	24 k €
Debts	1,4 M €	-11.0%	1,5 M €	-23.8%	2 M €	+88.7%	1,1 M €	-20.2%	1,3 M €	-28.3%	1,9 M €	+67.1%	1,1 M €	+78.0%	622,4 k €	-24.9%	828,8 k €	-13.0%	952,4 k €	-4.1%	993,2 k €	+237%	294,9 k €	-14.9%	346,6 k €	-39.9%	576,9 k €	+38.5%	416,6 k €	-25.0%	555,8 k €	+162%	211,9 k €	-17.6%	257,2 k €
Other
Workforce	26,9 ETP	-2.9%	27,7 ETP	+7.4%	25,8 ETP	+6.6%	24,2 ETP	-2.0%	24,7 ETP	-17.1%	29,8 ETP	+2029%	1,4 ETP	-36.4%	2,2 ETP	-8.3%	2,4 ETP	0.0%	2,4 ETP	0.0%	2,4 ETP	-22.6%	3,1 ETP	+3.3%	3,0 ETP	+20.0%	2,5 ETP	+66.7%	1,5 ETP	0.0%	1,5 ETP	0.0%	1,5 ETP	+25.0%	1,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 12 ended

Active mandates

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 28 juin 2027 · 0419.540.638

Represented by Joachim Vandroemme

Active

Christine Bergeron

Director · since 01 février 2021 · until 28 juin 2027

Active

Cyril Fernand Jack Dubreuil

Managing director · since 26 décembre 2018 · until 21 avril 2025

Active

Ended mandates

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 31 mai 2024 · 0419.540.638

Represented by Stéphane Gidenne

Ended

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 28 juin 2024 · 0419.540.638

Represented by Stéphane Gidenne

Ended

Christine Bergeron

Director · since 01 février 2021 · until 31 mai 2024

Ended

Christine Bergeron

Director · since 01 février 2021 · until 28 juin 2024

Ended

At this address

Other companies at this address

Company	CBE no.
CERBA HEALTHCARE BELGIUM● Active	0419.540.638
FORUM DE PATHOLOGIE● Active	0476.912.673

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/07/2025	11/07/2024	13/07/2023	29/06/2022	27/07/2021	07/10/2020
General meeting	30/06/2025	28/06/2024	30/06/2023	31/05/2022	30/06/2021	28/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	30/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	11/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	13/07/2023	French	PDF
Abridged model	31/12/2021	31/05/2022	29/06/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	French	PDF
Abridged model	31/12/2019	28/09/2020	07/10/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	25/07/2019	French	PDF
Abridged model	30/06/2017	30/12/2017	07/02/2018	French	PDF
Abridged model	30/06/2016	30/12/2016	08/02/2017	French	PDF
Abridged model	30/06/2015	30/12/2015	11/02/2016	French	PDF
Abridged model	30/06/2014	30/12/2014	12/02/2015	French	PDF
Abridged model	30/06/2013	26/12/2013	26/02/2014	French	PDF
Abridged model	30/06/2012	27/12/2012	25/02/2013	French	PDF
Abridged model	30/06/2011	29/12/2011	16/02/2012	French	PDF
Abridged model	30/06/2010	30/12/2010	16/02/2011	French	PDF
Abridged model	30/06/2009	30/12/2009	23/11/2010	French	PDF
Abridged model	30/06/2008	30/12/2008	17/02/2009	French	PDF
Abridged model	30/06/2007	29/12/2007	18/02/2008	French	PDF
Abridged model	30/06/2006	30/12/2006	14/02/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2024 · 3 active · 12 ended

Active mandates

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 28 juin 2027 · 0419.540.638

Represented by Joachim Vandroemme

Active

Christine Bergeron

Director · since 01 février 2021 · until 28 juin 2027

Active

Cyril Fernand Jack Dubreuil

Managing director · since 26 décembre 2018 · until 21 avril 2025

Active

Ended mandates

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 31 mai 2024 · 0419.540.638

Represented by Stéphane Gidenne

Ended

CERBA HEALTHCARE BELGIUM

Director · since 01 février 2021 · until 28 juin 2024 · 0419.540.638

Represented by Stéphane Gidenne

Ended

Christine Bergeron

Director · since 01 février 2021 · until 31 mai 2024

Ended

Christine Bergeron

Director · since 01 février 2021 · until 28 juin 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/11/2024
DEMISSIONS, NOMINATIONS
PDF
Other12/05/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - ASSEMBLEE GENERALE
PDF
Mandates28/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates18/05/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates24/07/2020
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 2024-207,2 k €↓
2023
Annual accounts 2023181,7 k €↑
2022
Annual accounts 2022-41,4 k €↓
2021
Annual accounts 2021404 k €↑
2020
Annual accounts 2020-49,3 k €↑
2019
Annual accounts 2019-68,6 k €↓
2018
Annual accounts 2018139,5 k €↓
2017
Annual accounts 2017196,4 k €↑
2016
Annual accounts 2016103,3 k €↑
2015
Annual accounts 201598,2 k €↑
2014
Annual accounts 201473 k €↓
2013
Annual accounts 201378,4 k €↑
2012
Annual accounts 201246,5 k €↑
2011
Annual accounts 201143,3 k €↓
2010
Annual accounts 201080,7 k €↓
2009
Annual accounts 200993 k €↑
2008
Annual accounts 200892,5 k €↑
2007
Annual accounts 200712,1 k €
21/06/2004
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

Cerba Path

Overview

What does Cerba Path do?

Trend over 18 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