ACTIVE

CEUSTERMANS BART

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Financial year 2025 · closed on 30/09/2025

Net result

154 k €

-94.2% YoY

Gross margin

-39,8 k €

+80.5% YoY

Equity

4,8 M €

+3.3% YoY

Workforce

0,0 ETP

What does CEUSTERMANS BART do?

CEUSTERMANS BART is a Private limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Halen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.804.261

Incorporation

05/01/2006

Legal form

Private limited company

Registered office

Zandstraat 25
3545 Halen · FlandreSee on map

Contributed capital

18 550,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007
Income statement
Gross margin	-39,8 k €	+80.5%	-203,5 k €	-145%	454,9 k €	+0.5%	452,6 k €	+7.6%	420,8 k €	+20.2%	350,1 k €	-4.5%	366,5 k €	-19.4%	454,7 k €	+34.1%	339 k €	+3.7%	326,9 k €	-11.8%	370,8 k €	+13.5%	326,6 k €	+31.9%	247,7 k €	-11.6%	280,3 k €	+48.9%	188,3 k €	+13780%	1,4 k €	-92.6%	18,3 k €	+847%	1,9 k €
EBITDA	-40,8 k €	+80.1%	-204,6 k €	-145%	454,9 k €	+0.7%	451,7 k €	+7.6%	419,9 k €	+20.2%	349,2 k €	-4.5%	365,5 k €	-19.3%	453,1 k €	+34.8%	336,2 k €	+3.8%	324 k €	-12.0%	368,1 k €	+19.8%	307,2 k €	+25.2%	245,4 k €	-12.0%	278,8 k €	+49.1%	187 k €	+18437%	1 k €	-94.5%	18,3 k €	+847%	1,9 k €
Operating result	-40,8 k €	+80.5%	-209,2 k €	-146%	454,9 k €	+0.7%	451,7 k €	+7.6%	419,9 k €	+20.2%	349,2 k €	-4.0%	363,9 k €	-19.4%	451,4 k €	+46.1%	309,1 k €	+4.1%	296,9 k €	-12.9%	340,8 k €	+21.3%	281 k €	+28.2%	219,3 k €	-6.1%	233,6 k €	+99.1%	117,3 k €	+12404%	938,5 €	-94.6%	17,5 k €	+5335%	321,8 €
Net result	154 k €	-94.2%	2,7 M €	+762%	310,3 k €	-26.3%	421 k €	+48.4%	283,6 k €	+25.0%	226,8 k €	-3.4%	234,9 k €	-11.2%	264,6 k €	+45.8%	181,5 k €	+6.3%	170,6 k €	-6.3%	182,1 k €	+6.1%	171,5 k €	+30.4%	131,5 k €	-18.2%	160,7 k €	+135%	68,5 k €	+20651%	330,1 €	-96.8%	10,4 k €	+2806%	-385,4 €
Balance sheet
Equity	4,8 M €	+3.3%	4,6 M €	+138%	1,9 M €	+19.0%	1,6 M €	+14.0%	1,4 M €	-2.8%	1,5 M €	+18.2%	1,2 M €	+23.2%	1 M €	-45.1%	1,8 M €	+10.9%	1,7 M €	+11.4%	1,5 M €	+13.9%	1,3 M €	+12.9%	1,2 M €	+1.1%	1,1 M €	+1213%	87,4 k €	+584%	12,8 k €	+2.7%	12,4 k €	+3.6%	12 k €
Total assets	4,8 M €	-1.9%	4,9 M €	+148%	2 M €	+17.6%	1,7 M €	+15.5%	1,4 M €	-15.7%	1,7 M €	+13.4%	1,5 M €	+14.4%	1,3 M €	-39.5%	2,2 M €	+7.7%	2 M €	+4.8%	1,9 M €	+9.5%	1,8 M €	-2.9%	1,8 M €	-7.8%	2 M €	+430%	372,9 k €	+2333%	15,3 k €	-45.5%	28,1 k €	+86.8%	15 k €
Cash	2,2 M €	+276%	590,2 k €	+842%	62,6 k €	+42.4%	44 k €	-78.0%	199,7 k €	-43.7%	354,9 k €	+589%	51,5 k €	+134%	22 k €	-93.2%	323,5 k €	+68.5%	191,9 k €	+87.9%	102,1 k €	+1517%	6,3 k €	-92.9%	88,6 k €	-8.9%	97,3 k €	+387%	20 k €	+46.6%	13,6 k €	-8.6%	14,9 k €	+11.8%	13,3 k €
Debts	12,6 k €	-95.2%	260,2 k €	+1007%	23,5 k €	-39.4%	38,8 k €	+159%	15 k €	-93.9%	244,2 k €	-8.7%	267,5 k €	-14.1%	311,3 k €	-8.8%	341,2 k €	-7.2%	367,6 k €	-17.3%	444,6 k €	-2.2%	454,7 k €	-30.5%	654,3 k €	-20.7%	824,6 k €	+190%	284,4 k €	+11027%	2,6 k €	-83.7%	15,7 k €	+416%	3 k €
Other
Workforce	0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 4 ended

Active mandates

Bart Ceustermans

Director · since 05 janvier 2006

Active

Ended mandates

Bart CEUSTERMANS

Director · since 01 février 2011

Ended

BART CEUSTERMANS

Manager · since 16 janvier 2006

Ended

Bart Ceustermans

Director

Ended

Bart Ceustermans

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DAELEM IMMO● Active	0544.580.071
LIVstyle● Active	0646.957.336

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	31/03/2025	29/04/2024	30/03/2023	30/03/2022	31/03/2021
General meeting	27/02/2026	28/02/2025	23/02/2024	24/02/2023	25/02/2022	26/02/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	27/02/2026	31/03/2026	Dutch	PDF
Micro model	30/09/2024	28/02/2025	31/03/2025	Dutch	PDF
Micro model	30/09/2023	23/02/2024	29/04/2024	Dutch	PDF
Micro model	30/09/2022	24/02/2023	30/03/2023	Dutch	PDF
Micro model	30/09/2021	25/02/2022	30/03/2022	Dutch	PDF
Abridged model	30/09/2020	26/02/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	31/03/2020	Dutch	PDF
Abridged model	30/09/2018	22/02/2019	22/03/2019	Dutch	PDF
Micro model	30/09/2017	23/02/2018	29/03/2018	Dutch	PDF
Abridged model	30/09/2016	24/02/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	26/02/2016	25/03/2016	Dutch	PDF
Abridged model	30/09/2014	27/02/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	28/02/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	22/02/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	24/02/2012	29/03/2012	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	25/06/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	07/07/2009	Dutch	PDF
Abridged model	31/12/2007	15/05/2008	22/08/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 30/09/2025 · 1 active · 4 ended

Active mandates

Bart Ceustermans

Director · since 05 janvier 2006

Active

Ended mandates

Bart CEUSTERMANS

Director · since 01 février 2011

Ended

BART CEUSTERMANS

Manager · since 16 janvier 2006

Ended

Bart Ceustermans

Director

Ended

Bart Ceustermans

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/03/2018
KAPITAAL - AANDELEN
PDF
Registered office30/10/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares29/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/01/2012
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office16/02/2010
MAATSCHAPPELIJKE ZETEL - DOEL - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other30/01/2006
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

2025
Annual accounts 2025154 k €↓
2024
Annual accounts 20242,7 M €↑
2023
Annual accounts 2023310,3 k €↓
2022
Annual accounts 2022421 k €↑
2021
Annual accounts 2021283,6 k €↑
2020
Annual accounts 2020226,8 k €↓
2019
Annual accounts 2019234,9 k €↓
2018
Annual accounts 2018264,6 k €↑
2017
Annual accounts 2017181,5 k €↑
2016
Annual accounts 2016170,6 k €↓
2015
Annual accounts 2015182,1 k €↑
2014
Annual accounts 2014171,5 k €↑
2013
Annual accounts 2013131,5 k €↓
2012
Annual accounts 2012160,7 k €↑
2011
Annual accounts 201168,5 k €↑
2009
Annual accounts 2009330,1 €↓
2008
Annual accounts 200810,4 k €↑
2007
Annual accounts 2007-385,4 €
05/01/2006
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

CEUSTERMANS BART

Overview

What does CEUSTERMANS BART 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