ACTIVE

CEFALY Technology

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Financial year 2025 · Closed on 31/12/2025

Net result-1,6 M €+74,0 %over 1 year

Revenue14 M €-1,5 %over 1 year

Equity-16 M €-11,4 %over 1 year

Workforce4,1 ETP+13,9 %over 1 year

Identity

Source · BCE/KBO

CEFALY Technology is a Private limited company incorporated in 2004. Its main activity is: Manufacture of irradiation, electromedical and electrotherapeutic equipment. Its registered office is in Liège. It employs on average 4,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0870.578.661
Incorporation: 13/12/2004
Legal form: Private limited company
Registered office: Boulevard de Patience et Beaujonc 3
4000 Liège · WallonieSee on map
Contributed capital: 7 333 269,71 €
Latest accounts: 31/12/2025
Average workforce: 4,1 ETP

Activities (NACE)

26600Manufacture of irradiation, electromedical and electrotherapeutic equipment· main 26600Manufacture of irradiation, electromedical and electrotherapeutic equipment 32500Manufacture of medical and dental instruments and supplies 32500Manufacture of medical and dental instruments and supplies 33101Repair of fabricated metal products, machinery and equipment

Joint committees (2)

Signals

Good liquidityHigh revenue

Financials

Source · NBB, 22 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	14 M €	-1.5%	14,2 M €	+3.0%	13,8 M €	+27.3%	10,8 M €	-7.3%	11,7 M €
EBITDA	-502,8 k €	+81.1%	-2,7 M €	-164%	-1 M €	+44.7%	-1,8 M €	+72.7%	-6,7 M €
Operating result	-1,6 M €	+45.4%	-3 M €	-59.2%	-1,9 M €	+37.9%	-3 M €	+63.2%	-8,3 M €
Net result	-1,6 M €	+74.0%	-6,3 M €	-139%	-2,6 M €	+32.2%	-3,9 M €	+56.3%	-8,9 M €
Balance sheet
Equity	-16 M €	-11.4%	-14,4 M €	-77.6%	-8,1 M €	-48.1%	-5,5 M €	-244%	-1,6 M €
Total assets	4,8 M €	-30.2%	6,9 M €	+1.7%	6,8 M €	+3.6%	6,6 M €	-25.7%	8,9 M €
Cash	595,9 k €	+18.2%	504,1 k €	+156%	196,6 k €	-73.0%	728 k €	-72.4%	2,6 M €
Debts	20,1 M €	-4.8%	21,1 M €	+48.4%	14,2 M €	+24.9%	11,4 M €	+15.1%	9,9 M €
Other
Workforce	4,1 ETP	+13.9%	3,6 ETP	-5.3%	3,8 ETP	-28.3%	5,3 ETP	-5.4%	5,6 ETP

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andrew Page	Directorsince 23/09/2025
Gabriel Becher	Directorsince 13/06/2019
Michael Mitchnik	Directorsince 13/06/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gabriel W. Becher	Director13/06/2019 → 2024 accounts
Jennifer Trainor	Director13/06/2019 → 2021 accounts
Jennifer Trainor-McDermott	Director13/06/2019 → 2024 accounts

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Boulevard de Patience et Beaujonc 3 4000 Liège

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Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Abridged 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	19/10/2026	03/12/2025	05/05/2025	15/04/2025	28/01/2025	30/06/2023
General meeting	14/10/2026	27/11/2025	29/04/2025	10/04/2025	17/01/2025	31/05/2023
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	14/10/2026	19/10/2026	French	PDF
Full model	31/12/2024	27/11/2025	03/12/2025	French	PDF
Full model	31/12/2023	29/04/2025	05/05/2025	French	PDF
Full model	31/12/2022	10/04/2025	15/04/2025	French	PDF
Full model	31/12/2021	17/01/2025	28/01/2025	French	PDF
Abridged model	31/12/2020	31/05/2023	30/06/2023	French	PDF
Abridged model	31/12/2019	30/06/2020	14/08/2020	French	PDF
Abridged model	31/12/2018	29/05/2019	20/06/2019	French	PDF
Abridged model	31/12/2017	05/07/2018	05/07/2018	French	PDF
Abridged modelCorrection	31/12/2016	16/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2016	16/06/2017	16/06/2017	French	PDF
Abridged model	31/12/2015	22/06/2016	05/07/2016	French	PDF
Abridged modelCorrection	31/12/2014	19/06/2015	05/01/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	09/07/2015	French	PDF
Abridged model	31/12/2013	27/08/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	05/07/2013	12/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	12/05/2011	27/06/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	17/06/2009	19/06/2009	French	PDF
Abridged model	31/12/2007	30/06/2008	04/07/2008	French	PDF
Abridged model	31/12/2006	08/06/2007	16/08/2007	French	PDF

Indicative valuation

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Andrew Page	Directorsince 23/09/2025
Gabriel Becher	Directorsince 13/06/2019
Michael Mitchnik	Directorsince 13/06/2019

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Gabriel W. Becher	Director13/06/2019 → 2024 accounts
Jennifer Trainor	Director13/06/2019 → 2021 accounts
Jennifer Trainor-McDermott	Director13/06/2019 → 2024 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/08/2026
Renouvellement du mandat du commissaire
PDF
Mandates18/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office26/09/2024
SIEGE SOCIAL
PDF
Capital / shares03/02/2021
CAPITAL, ACTIONS
PDF
Mandates09/06/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares03/06/2020
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - MODIFICATION FORME JURIDIQUE
PDF
Mandates16/07/2019
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Andrew Page

Gabriel Becher

Michael Mitchnik

Mike MITCHNIK

Jennifer Trainor-McDermott

Jennifer Trainor

Gabriel W. Becher

PIERRE RIGAUX

20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CEFALY Technology

Boulevard de Patience et Beaujonc 3, 4000 Liège

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Boulevard de Patience et Beaujonc 3, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00566479
Rue Louis Plescia 34, 4102 Ougrée	accounts 2020	Accounts 2020 · 2023-00181657

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CEFALY TechnologyCurrent	accounts 2020 → 2025	Accounts 2025 · 2026-00566479

Events

2025
Annual accounts 2025-1,6 M €↑
2024
Annual accounts 2024-6,3 M €↓
2023
Annual accounts 2023-2,6 M €↑
2022
Annual accounts 2022-3,9 M €↑
2021
Annual accounts 2021-8,9 M €↓
2020
Annual accounts 2020-2,8 M €↓
2019
Annual accounts 2019-2,3 M €↓
2018
Annual accounts 20182,4 M €↑
2017
Annual accounts 2017872,5 k €↓
2016
Annual accounts 20161,3 M €↓
2015
Annual accounts 20151,3 M €↓
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 2013594,9 k €↑
2012
Annual accounts 2012343,8 k €↑
2011
Annual accounts 2011191,5 k €↑
2010
Annual accounts 201049,5 k €↑
2009
Annual accounts 2009-216 k €↓
2008
Annual accounts 200840,3 k €↑
2007
Annual accounts 200733,1 k €↑
2006
Annual accounts 200610,5 k €
13/12/2004
IncorporationPrivate limited company

CEFALY Technology

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events