CESAM
0867.028.263 · rovalta.com · 22/09/2026
ACTIVE
CESAM
Financial year 2025 · closed on 31/12/2025
Net result
9,2 k €
+50.2% YoY
Gross margin
10,2 k €
+47.6% YoY
Equity
82,4 k €
+12.5% YoY
Overview
What does CESAM do?
CESAM is a Private limited company incorporated in 2004. Its main activity is: Computer programming activities. Its registered office is in Durbuy.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0867.028.263
Incorporation
01/09/2004
Legal form
Private limited company
Registered office
Longueville 11
6941 Durbuy · WallonieSee on map
6941 Durbuy · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 10,2 k € | +47.6% | 6,9 k € | -22.6% | 9 k € | +89.5% | 4,7 k € | -18.2% | 5,8 k € | -94.0% | 96,4 k € | +1568% | 5,8 k € | -73.3% | 21,7 k € | +106% | 10,5 k € | -40.1% | 17,6 k € | -56.0% | 40 k € | +236% | 11,9 k € | -70.8% | 40,8 k € | +1.4% | 40,2 k € | -18.8% | 49,5 k € | -10.4% | 55,3 k € | +19.4% | 46,3 k € | +58.7% | 29,2 k € | +69.2% | 17,2 k € | -60.8% | 44 k € |
| EBITDA | 10,1 k € | +50.5% | 6,7 k € | -22.5% | 8,6 k € | +84.0% | 4,7 k € | -15.3% | 5,5 k € | -94.2% | 95,3 k € | +1832% | 4,9 k € | -75.9% | 20,4 k € | +123% | 9,2 k € | -34.1% | 13,9 k € | -58.6% | 33,6 k € | +1027% | 3 k € | -83.0% | 17,5 k € | +35.8% | 12,9 k € | -67.2% | 39,3 k € | -15.0% | 46,3 k € | +112% | 21,8 k € | +337% | -9,2 k € | +38.5% | -15 k € | -150% | 29,8 k € |
| Operating result | 9,6 k € | +54.1% | 6,2 k € | -26.6% | 8,5 k € | +81.4% | 4,7 k € | -15.3% | 5,5 k € | -94.2% | 95,3 k € | +112907% | -84,5 € | -101% | 15,4 k € | +272% | 4,1 k € | -53.3% | 8,9 k € | -68.6% | 28,3 k € | +1331% | -2,3 k € | -121% | 11 k € | +61.6% | 6,8 k € | -75.7% | 27,9 k € | -24.3% | 36,9 k € | +184% | 13 k € | +175% | -17,4 k € | -4.6% | -16,6 k € | -159% | 28,1 k € |
| Net result | 9,2 k € | +50.2% | 6,1 k € | +5.0% | 5,8 k € | +34.6% | 4,3 k € | +235% | -3,2 k € | -106% | 52,1 k € | +1126% | -5,1 k € | -205% | 4,8 k € | +212% | -4,3 k € | -195% | -1,5 k € | -109% | 15,7 k € | +225% | -12,5 k € | -255% | -3,5 k € | +44.9% | -6,4 k € | -210% | 5,8 k € | -77.0% | 25,3 k € | +1081% | 2,1 k € | +108% | -27,9 k € | -55.5% | -17,9 k € | -199% | 18,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 82,4 k € | +12.5% | 73,2 k € | +6.1% | 69 k € | +2.0% | 67,7 k € | +6.8% | 63,4 k € | -4.8% | 66,6 k € | +361% | 14,5 k € | -26.0% | 19,5 k € | +33.0% | 14,7 k € | -22.8% | 19 k € | +25.3% | 15,2 k € | +3020% | -519,9 € | -104% | 12 k € | +40.7% | 8,5 k € | -42.9% | 14,9 k € | +63.7% | 9,1 k € | +156% | -16,2 k € | +11.7% | -18,3 k € | -291% | 9,6 k € | -65.2% | 27,5 k € |
| Total assets | 108,9 k € | -0.1% | 109 k € | +15.7% | 94,2 k € | +0.8% | 93,5 k € | -2.0% | 95,4 k € | +3.1% | 92,5 k € | -41.4% | 158 k € | -15.8% | 187,6 k € | -4.8% | 197,1 k € | -25.6% | 265 k € | +4.3% | 254 k € | -5.1% | 267,8 k € | +17.7% | 227,5 k € | +0.0% | 227,5 k € | -21.6% | 290,2 k € | +6.4% | 272,7 k € | +24.2% | 219,6 k € | +5.8% | 207,5 k € | +418% | 40,1 k € | -27.0% | 54,9 k € |
| Cash | 7,7 k € | -39.9% | 12,7 k € | -22.9% | 16,5 k € | +70.9% | 9,7 k € | +10.8% | 8,7 k € | +11.6% | 7,8 k € | – | – | 5,4 k € | – | – | 5,8 k € | – | 2 k € | – | – | 1,1 k € | -96.3% | 29,1 k € | +203% | 9,6 k € | -70.0% | 32 k € | |||||||||||
| Debts | 26,5 k € | -26.0% | 35,8 k € | +42.2% | 25,2 k € | -2.2% | 25,8 k € | -19.5% | 32 k € | +23.4% | 26 k € | -81.9% | 143,5 k € | -14.0% | 166,9 k € | -8.5% | 182,5 k € | -25.8% | 246 k € | +3.0% | 238,9 k € | -11.0% | 268,3 k € | +24.5% | 215,5 k € | -1.6% | 218,9 k € | -20.5% | 275,3 k € | +4.5% | 263,3 k € | +11.7% | 235,8 k € | +4.4% | 225,9 k € | +640% | 30,5 k € | +11.5% | 27,4 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | – | 0,2 ETP | – | 1,0 ETP | +100% | 0,5 ETP | – | – | 1,1 ETP | +22.2% | 0,9 ETP | +28.6% | 0,7 ETP | ||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Etienne Morue
ActiveEnded mandates
Etienne Morue
EndedSébastien Morue
EndedXAVIER LIEGEOIS
EndedFinancials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 15/06/2026 | 24/09/2025 | 19/08/2024 | 23/08/2023 | 30/08/2022 | 18/08/2021 |
| General meeting | 27/05/2026 | 28/05/2025 | 22/05/2024 | 24/05/2023 | 25/05/2022 | 26/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 27/05/2026 | 15/06/2026 | French | |
| Micro model | 31/12/2024 | 28/05/2025 | 24/09/2025 | French | |
| Micro model | 31/12/2023 | 22/05/2024 | 19/08/2024 | French | |
| Micro model | 31/12/2022 | 24/05/2023 | 23/08/2023 | French | |
| Micro model | 31/12/2021 | 25/05/2022 | 30/08/2022 | French | |
| Micro model | 31/12/2020 | 26/05/2021 | 18/08/2021 | French | |
| Micro model | 31/12/2019 | 27/05/2020 | 08/09/2020 | French | |
| Micro model | 31/12/2018 | 22/05/2019 | 30/08/2019 | French | |
| Micro model | 31/12/2017 | 23/05/2018 | 28/09/2018 | French | |
| Micro model | 31/12/2016 | 24/05/2017 | 23/08/2017 | French | |
| Abridged model | 31/12/2015 | 25/05/2016 | 21/09/2016 | French | |
| Abridged model | 31/12/2014 | 27/05/2015 | 30/11/2015 | French | |
| Abridged model | 31/12/2013 | 28/05/2014 | 27/08/2014 | French | |
| Abridged model | 31/12/2012 | 22/05/2013 | 31/10/2013 | French | |
| Abridged model | 31/12/2011 | 23/05/2012 | 29/08/2012 | French | |
| Abridged model | 31/12/2010 | 25/05/2011 | 31/08/2011 | French | |
| Abridged model | 31/12/2009 | 26/05/2010 | 31/08/2010 | French | |
| Abridged model | 31/12/2008 | 27/05/2009 | 31/08/2009 | French | |
| Abridged model | 31/12/2007 | 28/05/2008 | 29/08/2008 | French | |
| Abridged model | 31/12/2006 | 23/05/2007 | 31/08/2007 | French |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 3 ended
Active mandates
Etienne Morue
ActiveEnded mandates
Etienne Morue
EndedSébastien Morue
EndedXAVIER LIEGEOIS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other02/07/2026STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET
- Registered office11/02/2025SIEGE SOCIAL
- Mandates31/03/2023MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
- Mandates04/12/2014DEMISSIONS, NOMINATIONS
- Registered office02/03/2011SIEGE SOCIAL
- Mandates29/03/2010DEMISSIONS, NOMINATIONS
- Mandates20/09/2006DEMISSIONS, NOMINATIONS
- Other09/09/2004RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 20259,2 k €↑
- 2024Annual accounts 20246,1 k €↑
- 2023Annual accounts 20235,8 k €↑
- 2022Annual accounts 20224,3 k €↑
- 2021Annual accounts 2021-3,2 k €↓
- 2020Annual accounts 202052,1 k €↑
- 2019Annual accounts 2019-5,1 k €↓
- 2018Annual accounts 20184,8 k €↑
- 2017Annual accounts 2017-4,3 k €↓
- 2016Annual accounts 2016-1,5 k €↓
- 2015Annual accounts 201515,7 k €↑
- 2014Annual accounts 2014-12,5 k €↓
- 2013Annual accounts 2013-3,5 k €↑
- 2012Annual accounts 2012-6,4 k €↓
- 2011Annual accounts 20115,8 k €↓
- 2010Annual accounts 201025,3 k €↑
- 2009Annual accounts 20092,1 k €↑
- 2008Annual accounts 2008-27,9 k €↓
- 2007Annual accounts 2007-17,9 k €↓
- 2006Annual accounts 200618,1 k €
- 01/09/2004IncorporationPrivate limited company