ACTIVE

CEDCO

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Financial year 2024 · closed on 31/12/2024

Net result

653,2 k €

+1170.4% YoY

Gross margin

238,8 k €

+84.0% YoY

Equity

1,0 M €

+150.6% YoY

Workforce

1,0 ETP

0.0% YoY

What does CEDCO do?

CEDCO is a Private limited company incorporated in 2005. Its main activity is: Buying and selling of own real estate. Its registered office is in Antwerpen. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0875.891.291

Incorporation

06/09/2005

Legal form

Private limited company

Registered office

Oosterveldlaan 40
2610 Antwerpen · FlandreSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2024

Average workforce

1,0 ETP

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate 68310Real estate agencies 68311Real estate agencies 70120Activities of head offices

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	238,8 k €	+84.0%	129,8 k €	-55.0%	288,6 k €	+130%	125,2 k €	-20.6%	157,7 k €	+52.3%	103,5 k €	-45.8%	191,0 k €	-59.5%	471,1 k €	-28.9%	662,5 k €	+207%	215,6 k €	+348%	48,2 k €	-23.2%	62,7 k €	-7.4%	67,7 k €	-73.6%	256,5 k €	+1253%	19,0 k €	-83.4%	114,5 k €	+111%	54,1 k €	-28.2%	75,4 k €	-15.9%	89,7 k €
EBITDA	185,8 k €	+145%	75,9 k €	-67.7%	235,0 k €	+226%	72,1 k €	-35.7%	112,1 k €	+82.1%	61,6 k €	-67.8%	190,9 k €	-57.1%	445,4 k €	-30.7%	642,7 k €	+203%	211,9 k €	+378%	44,3 k €	-24.3%	58,5 k €	-8.3%	63,8 k €	-74.3%	248,7 k €	+578%	36,7 k €	-60.1%	91,9 k €	+74.0%	52,8 k €	-28.6%	74,0 k €	-14.4%	86,4 k €
Operating result	162,4 k €	+175%	59,1 k €	-74.2%	229,0 k €	+261%	63,5 k €	-36.9%	100,6 k €	+173%	36,9 k €	-78.1%	168,1 k €	-60.5%	425,2 k €	-31.8%	623,2 k €	+247%	179,7 k €	+1447%	11,6 k €	-54.0%	25,2 k €	-15.4%	29,8 k €	-86.2%	216,2 k €	+3887%	5,4 k €	-93.6%	84,4 k €	+130%	36,6 k €	-18.7%	45,1 k €	-38.0%	72,6 k €
Net result	653,2 k €	+1170%	51,4 k €	-66.4%	153,1 k €	+300%	38,3 k €	-23.0%	49,7 k €	+118%	22,8 k €	-80.1%	114,6 k €	-55.6%	258,4 k €	-31.4%	376,7 k €	+244%	109,6 k €	+1234%	8,2 k €	-55.4%	18,4 k €	-18.5%	22,6 k €	-84.1%	142,1 k €	+1362%	9,7 k €	-84.8%	64,1 k €	+197%	21,6 k €	-20.1%	27,0 k €	-42.6%	47,0 k €
Balance sheet
Equity	1,0 M €	+151%	418,6 k €	-17.6%	508,2 k €	-17.2%	613,5 k €	-34.1%	931,1 k €	-9.2%	1,0 M €	+1.5%	1,0 M €	+12.8%	895,8 k €	+7.3%	834,7 k €	+82.3%	458,0 k €	+31.5%	348,4 k €	+2.4%	340,2 k €	-3.6%	352,7 k €	+8.9%	323,9 k €	+78.1%	181,8 k €	+5.6%	172,1 k €	+59.3%	108,0 k €	+25.0%	86,4 k €	+45.4%	59,4 k €
Total assets	1,7 M €	+14.0%	1,5 M €	-2.6%	1,5 M €	-65.2%	4,4 M €	+99.3%	2,2 M €	+69.5%	1,3 M €	+7.1%	1,2 M €	-2.9%	1,2 M €	+6.3%	1,2 M €	+76.5%	664,7 k €	+36.7%	486,4 k €	+7.8%	451,1 k €	-5.1%	475,4 k €	-12.0%	540,2 k €	+22.6%	440,7 k €	+50.1%	293,6 k €	+21.7%	241,2 k €	+1.6%	237,4 k €	+98.6%	119,6 k €
Cash	29,8 k €	-28.5%	41,7 k €	-91.5%	492,2 k €	-44.0%	879,2 k €	+873%	90,3 k €	+50.0%	60,2 k €	-57.1%	140,4 k €	-43.0%	246,2 k €	-47.9%	472,6 k €	+39502%	1,2 k €	-52.8%	2,5 k €	-85.4%	17,4 k €	-12.1%	19,8 k €	-72.8%	72,7 k €	+10825%	665,8 €	+78.6%	372,7 €	-98.9%	34,0 k €	-36.5%	53,6 k €	-16.9%	64,5 k €
Debts	642,0 k €	-39.7%	1,1 M €	+4.9%	1,0 M €	-73.0%	3,8 M €	+198%	1,3 M €	+371%	268,6 k €	+34.1%	200,2 k €	-40.4%	335,8 k €	+1.7%	330,4 k €	+59.8%	206,7 k €	+49.7%	138,0 k €	+25.6%	109,9 k €	-10.4%	122,7 k €	-43.3%	216,3 k €	-16.4%	258,9 k €	+155%	101,5 k €	-23.8%	133,2 k €	-11.8%	151,0 k €	+153%	59,6 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 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 · 1 active · 2 ended

Active mandates

CEDRIC CHRISTIAN HEEREN

Director

Active

Ended mandates

Cedric Heeren

Manager

Ended

CEDRIC HEEREN

Director

Ended

At this address

Other companies at this address

Company	CBE no.
BILLEX● Active	0849.885.294

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	31/07/2025	05/07/2024	31/08/2023	22/07/2022	30/08/2021	17/11/2020
General meeting	30/06/2025	10/06/2024	30/06/2023	30/06/2022	30/06/2021	10/09/2020
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	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	10/06/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	30/08/2021	Dutch	PDF
Abridged model	31/12/2019	10/09/2020	17/11/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	10/08/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	13/05/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	23/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	19/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	09/08/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	20/07/2011	Dutch	PDF
Abridged model	31/12/2009	22/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	30/06/2009	21/07/2009	Dutch	PDF
Abridged model	31/12/2007	09/05/2008	09/06/2008	Dutch	PDF
Abridged model	31/12/2006	11/05/2007	11/06/2007	Dutch	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 · 1 active · 2 ended

Active mandates

CEDRIC CHRISTIAN HEEREN

Director

Active

Ended mandates

Cedric Heeren

Manager

Ended

CEDRIC HEEREN

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/01/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares20/01/2014
KAPITAAL - AANDELEN
PDF
Registered office20/01/2011
MAATSCHAPPELIJKE ZETEL
PDF
Other13/09/2005
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2024653,2 k €↑
2023
Annual accounts 202351,4 k €↓
2022
Annual accounts 2022153,1 k €↑
2021
Annual accounts 202138,3 k €↓
2020
Annual accounts 202049,7 k €↑
2019
Annual accounts 201922,8 k €↓
2018
Annual accounts 2018114,6 k €↓
2017
Annual accounts 2017258,4 k €↓
2016
Annual accounts 2016376,7 k €↑
2015
Annual accounts 2015109,6 k €↑
2014
Annual accounts 20148,2 k €↓
2013
Annual accounts 201318,4 k €↓
2012
Annual accounts 201222,6 k €↓
2011
Annual accounts 2011142,1 k €↑
2010
Annual accounts 20109,7 k €↓
2009
Annual accounts 200964,1 k €↑
2008
Annual accounts 200821,6 k €↓
2007
Annual accounts 200727,0 k €↓
2006
Annual accounts 200647,0 k €
06/09/2005
IncorporationPrivate 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

CEDCO

Overview

What does CEDCO do?

Trend over 19 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