ACTIVE

CINERGIE

Financial year 2025 · closed on 31/12/2025
Net result
621,1 k €
+59.8% YoY
Gross margin
3,8 M €
+26.7% YoY
Equity
10,3 M €
+5.6% YoY
Workforce
12,1 ETP
+13.1% YoY

What does CINERGIE do?

CINERGIE is a Private limited company incorporated in 2007. Its main activity is: Manufacture of gas. Its registered office is in Fleurus. It employs on average 12,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0891.424.357
Incorporation
14/08/2007
Legal form
Private limited company
Registered office
Rue de Plomcot(WB) 2 box 7
6224 Fleurus · Wallonie
Contributed capital
3 332 800,00 €
Latest accounts
31/12/2025
Average workforce
12,1 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross margin3,8 M €3 M €6,3 M €3,7 M €1,9 M €1,5 M €1,2 M €1,5 M €1,2 M €1,1 M €236,1 k €223 k €138,8 k €441,8 k €-18 k €-20,7 k €1,2 k €
EBITDA3,1 M €2,4 M €2,4 M €5,9 M €3,3 M €1,7 M €1,3 M €1,2 M €1,1 M €1 M €980,3 k €162,5 k €135,1 k €50,1 k €372,8 k €-73,7 k €-71,8 k €-6,8 k €
Operating result775,3 k €460,1 k €790,1 k €4,5 M €2 M €796 k €513,5 k €333,5 k €364,1 k €394 k €361,7 k €-311,7 k €-299,7 k €-379,1 k €-24,9 k €-218 k €-122 k €-65,7 k €
Net result621,1 k €388,6 k €886,6 k €3,8 M €1,7 M €486,8 k €297 k €137,7 k €147,8 k €77,5 k €101,2 k €-1 M €-579,7 k €-572,3 k €-214 k €-228,9 k €-124,2 k €-64,8 k €
Balance sheet
Equity10,3 M €9,8 M €9,6 M €8,2 M €4,5 M €2,8 M €2,4 M €1,8 M €1,6 M €1,3 M €1 M €34,4 k €624,1 k €1 M €648,5 k €602,5 k €529,9 k €353,2 k €
Total assets22,8 M €20,7 M €18,3 M €18,1 M €14 M €13,2 M €10,4 M €9,2 M €9,8 M €10,2 M €9,3 M €9,3 M €8,1 M €8,2 M €7,2 M €2,6 M €608,6 k €403,9 k €
Cash968,3 k €497,9 k €2,4 M €2,5 M €1,3 M €367,9 k €385,6 k €85,5 k €17 k €61,3 k €37,8 k €129,9 k €111,6 k €21,5 k €295,9 k €78,4 k €23 k €80 k €
Debts12,5 M €10,9 M €8,7 M €9,9 M €9,5 M €10,3 M €7,8 M €7,2 M €7,9 M €8,6 M €8,3 M €9,3 M €7,5 M €7,1 M €6,5 M €2 M €78,7 k €50,3 k €
Other
Workforce12,1 ETP10,7 ETP8,3 ETP7,1 ETP6,0 ETP4,6 ETP2,7 ETP3,3 ETP3,0 ETP2,8 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP1,4 ETP1,0 ETP1,0 ETP0,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 36 ended

Active mandates

Eric PIERART

Managing director · since 19 décembre 2023

Active
Institut Notre-Dame

Director · since 19 décembre 2023 · 0409.458.180

Represented by Philippe TIELEMANS

Active
Ludovic PIERART

Managing director · since 19 décembre 2023

Active
Marc VAN GOEY

Director · since 19 décembre 2023

Active
Société de Développement et de Participation du Bassin de Charleroi

Director · since 19 décembre 2023 · 0427.908.867

Represented by Fabrice CAROSELLA

Active

Ended mandates

Eric PIERART

Managing director · since 30 juin 2022 · until 19 décembre 2023

Ended
Eric PIERART

Managing director · since 30 juin 2022 · until 28 juin 2028

Ended
Institut Notre-Dame

Chairman of the board of directors · since 30 juin 2022 · until 19 décembre 2023 · 0409.458.180

Represented by Philippe TIELEMANS

Ended
Institut Notre-Dame

Chairman of the board of directors · since 30 juin 2022 · until 28 juin 2028 · 0409.458.180

Represented by Philippe TIELEMANS

Ended
At this address

Other companies at this address

CompanyCBE no.
0474.758.382
GRANILUActive
0835.548.793
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/07/202617/07/202514/08/202406/07/202316/08/202231/08/2021
General meeting14/07/202609/07/202531/07/202405/07/202330/06/202227/08/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202514/07/202627/07/2026FrenchPDF
Abridged model31/12/202409/07/202517/07/2025FrenchPDF
Full model31/12/202331/07/202414/08/2024FrenchPDF
Abridged model31/12/202205/07/202306/07/2023FrenchPDF
Abridged model31/12/202130/06/202216/08/2022FrenchPDF
Abridged model31/12/202027/08/202131/08/2021FrenchPDF
Abridged model31/12/201908/09/202029/09/2020FrenchPDF
Abridged model31/12/201830/07/201908/08/2019FrenchPDF
Abridged model31/12/201730/07/201802/08/2018FrenchPDF
Abridged model31/12/201625/07/201731/07/2017FrenchPDF
Abridged model31/12/201529/06/201612/07/2016FrenchPDF
Abridged model31/12/201414/07/201516/07/2015FrenchPDF
Abridged model31/12/201327/06/201425/08/2014FrenchPDF
Abridged model31/12/201215/05/201312/08/2013FrenchPDF
Abridged model31/12/201115/05/201224/05/2012FrenchPDF
Abridged model31/12/201008/06/201119/08/2011FrenchPDF
Abridged model31/12/200902/06/201006/07/2010FrenchPDF
Abridged model31/12/200805/06/200917/08/2009FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2025 · 5 active · 36 ended

Active mandates

Eric PIERART

Managing director · since 19 décembre 2023

Active
Institut Notre-Dame

Director · since 19 décembre 2023 · 0409.458.180

Represented by Philippe TIELEMANS

Active
Ludovic PIERART

Managing director · since 19 décembre 2023

Active
Marc VAN GOEY

Director · since 19 décembre 2023

Active
Société de Développement et de Participation du Bassin de Charleroi

Director · since 19 décembre 2023 · 0427.908.867

Represented by Fabrice CAROSELLA

Active

Ended mandates

Eric PIERART

Managing director · since 30 juin 2022 · until 19 décembre 2023

Ended
Eric PIERART

Managing director · since 30 juin 2022 · until 28 juin 2028

Ended
Institut Notre-Dame

Chairman of the board of directors · since 30 juin 2022 · until 19 décembre 2023 · 0409.458.180

Represented by Philippe TIELEMANS

Ended
Institut Notre-Dame

Chairman of the board of directors · since 30 juin 2022 · until 28 juin 2028 · 0409.458.180

Represented by Philippe TIELEMANS

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/01/2024
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE
    PDF
  • Other14/12/2023
    DIVERS
    PDF
  • Mandates26/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates26/08/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates18/01/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/03/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/07/2016
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates27/06/2016
    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

Timeline

  1. 2025
    Annual accounts 2025621,1 k €
  2. 2024
    Annual accounts 2024388,6 k €
  3. 2023
    Annual accounts 2023886,6 k €
  4. 2022
    Annual accounts 20223,8 M €
  5. 2021
    Annual accounts 20211,7 M €
  6. 2020
    Annual accounts 2020486,8 k €
  7. 2019
    Annual accounts 2019297 k €
  8. 2018
    Annual accounts 2018137,7 k €
  9. 2017
    Annual accounts 2017147,8 k €
  10. 2016
    Annual accounts 201677,5 k €
  11. 2015
    Annual accounts 2015101,2 k €
  12. 2014
    Annual accounts 2014-1 M €
  13. 2013
    Annual accounts 2013-579,7 k €
  14. 2012
    Annual accounts 2012-572,3 k €
  15. 2011
    Annual accounts 2011-214 k €
  16. 2010
    Annual accounts 2010-228,9 k €
  17. 2009
    Annual accounts 2009-124,2 k €
  18. 2008
    Annual accounts 2008-64,8 k €
  19. 14/08/2007
    IncorporationPrivate limited company