NORMAL SITUATION

C-DEV

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Financial year 2022 · closed on 31/12/2022

Net result

536,8 k €

-70.0% YoY

Revenue

9,1 M €

-30.4% YoY

Equity

5 M €

+12.0% YoY

Workforce

60,8 ETP

-21.3% YoY

Company — Normal situation.

What does C-DEV do?

C-DEV is a company registered in Belgium. It employs on average 60,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0898.852.577

Legal form

Public limited company

Contributed capital

62 000,00 €

Latest accounts

31/12/2022

Average workforce

60,8 ETP

Joint committees (2)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	9,1 M €	-30.4%	13,1 M €	+1.7%	12,9 M €	+15.3%	11,2 M €	+39.6%	8 M €	+58.5%	5,1 M €	+19.0%	4,2 M €	+19.0%	3,6 M €	+12.6%	3,2 M €	+7.1%	3 M €	+26.9%	2,3 M €	+27.7%	1,8 M €	+110%	869,1 k €	+28.3%	677,6 k €
EBITDA	774,1 k €	-69.7%	2,6 M €	+131%	1,1 M €	-12.0%	1,3 M €	+64.9%	762,5 k €	+228%	232,4 k €	-46.1%	430,9 k €	-31.2%	626,6 k €	+27.5%	491,3 k €	-1.0%	496,2 k €	+202%	164,1 k €	+4979%	3,2 k €	-74.0%	12,4 k €	-80.0%	62,3 k €
Operating result	712,6 k €	-71.4%	2,5 M €	+136%	1,1 M €	-12.8%	1,2 M €	+67.8%	723,4 k €	+265%	198,3 k €	-51.0%	404,9 k €	-33.3%	606,9 k €	+28.2%	473,4 k €	-0.9%	477,7 k €	+223%	147,8 k €	+2175%	-7,1 k €	-181%	8,8 k €	-85.2%	59,7 k €
Net result	536,8 k €	-70.0%	1,8 M €	+140%	746,4 k €	-7.8%	809,2 k €	+79.3%	451,4 k €	+335%	103,7 k €	-57.5%	244,3 k €	-36.1%	382,4 k €	+32.0%	289,6 k €	+0.4%	288,4 k €	+329%	67,1 k €	+341%	-27,9 k €	-679%	-3,6 k €	-110%	36,1 k €
Balance sheet
Equity	5 M €	+12.0%	4,5 M €	+66.3%	2,7 M €	+38.2%	2 M €	+70.8%	1,1 M €	+65.2%	692,1 k €	+17.6%	588,4 k €	-46.2%	1,1 M €	+53.7%	711,7 k €	+68.6%	422,1 k €	+216%	133,7 k €	+101%	66,6 k €	-29.5%	94,5 k €	-3.7%	98,1 k €
Total assets	6,8 M €	+5.4%	6,5 M €	+27.6%	5,1 M €	+16.1%	4,4 M €	+31.6%	3,3 M €	+94.0%	1,7 M €	-20.9%	2,2 M €	+18.8%	1,8 M €	+30.6%	1,4 M €	+30.7%	1,1 M €	+75.4%	607,7 k €	-24.3%	803 k €	+25.2%	641,2 k €	+102%	317,8 k €
Cash	22 k €	+1.6%	21,7 k €	-26.2%	29,4 k €	-24.8%	39,1 k €	-2.6%	40,2 k €	-46.4%	74,9 k €	+172%	27,5 k €	-94.0%	457,6 k €	+355%	100,5 k €	-59.5%	248,1 k €	+367%	53,2 k €	-4.0%	55,4 k €	+1.4%	54,6 k €	+81.4%	30,1 k €
Debts	1,8 M €	-9.4%	2 M €	-16.6%	2,4 M €	-1.8%	2,4 M €	+11.0%	2,2 M €	+114%	1 M €	-35.3%	1,6 M €	+117%	726 k €	+6.5%	681,4 k €	+5.8%	644,1 k €	+35.9%	474 k €	-35.6%	736,4 k €	+34.7%	546,7 k €	+149%	219,7 k €
Other
Workforce	60,8 ETP	-21.3%	77,3 ETP	+13.2%	68,3 ETP	+10.0%	62,1 ETP	-1.9%	63,3 ETP	+7.8%	58,7 ETP	+18.3%	49,6 ETP	+30.9%	37,9 ETP	+17.3%	32,3 ETP	+11.8%	28,9 ETP	+18.0%	24,5 ETP	+33.2%	18,4 ETP	+133%	7,9 ETP	+172%	2,9 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 10 ended

Active mandates

De Cronos Groep

Director · since 12 décembre 2020 · until 19 mai 2026 · 0467.132.994

Represented by Dirk Deroost

Active

Josephus DE WIT

Director · since 12 décembre 2020 · until 19 mai 2026

Active

Ended mandates

Dirk Deroost

Director · since 03 avril 2018 · until 19 mai 2020

Ended

Per Rosand

Director · since 21 mai 2014 · until 19 mai 2020

Ended

De Cronos Groep

Director · since 20 mai 2014 · until 19 mai 2020 · 0467.132.994

Represented by Dirk Deroost

Ended

De Cronos Groep

Director · since 20 mai 2014 · until 11 décembre 2020 · 0467.132.994

Represented by Dirk Deroost

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Full model	Full model	Full model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/08/2023	18/08/2022	16/09/2021	18/12/2020	17/02/2020	23/07/2018
General meeting	09/06/2023	07/07/2022	13/09/2021	11/12/2020	12/02/2020	15/05/2018
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2022	09/06/2023	01/08/2023	Dutch	PDF
Full model	31/12/2021	07/07/2022	18/08/2022	Dutch	PDF
Full model	31/12/2020	13/09/2021	16/09/2021	Dutch	PDF
Abridged model	31/12/2019	11/12/2020	18/12/2020	Dutch	PDF
Abridged model	31/12/2018	12/02/2020	17/02/2020	Dutch	PDF
Abridged model	31/12/2017	15/05/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	16/05/2017	03/07/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	07/07/2016	Dutch	PDF
Full model	31/12/2014	19/05/2015	18/06/2015	Dutch	PDF
Full model	31/12/2013	20/05/2014	12/06/2014	Dutch	PDF
Full model	31/12/2012	11/06/2013	10/07/2013	Dutch	PDF
Full model	31/12/2011	05/06/2012	26/07/2012	Dutch	PDF
Full model	31/12/2010	07/06/2011	11/08/2011	Dutch	PDF
Full model	31/12/2009	18/05/2010	27/07/2010	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 10 ended

Active mandates

De Cronos Groep

Director · since 12 décembre 2020 · until 19 mai 2026 · 0467.132.994

Represented by Dirk Deroost

Active

Josephus DE WIT

Director · since 12 décembre 2020 · until 19 mai 2026

Active

Ended mandates

Dirk Deroost

Director · since 03 avril 2018 · until 19 mai 2020

Ended

Per Rosand

Director · since 21 mai 2014 · until 19 mai 2020

Ended

De Cronos Groep

Director · since 20 mai 2014 · until 19 mai 2020 · 0467.132.994

Represented by Dirk Deroost

Ended

De Cronos Groep

Director · since 20 mai 2014 · until 11 décembre 2020 · 0467.132.994

Represented by Dirk Deroost

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 2022536,8 k €↓
2021
Annual accounts 20211,8 M €↑
2020
Annual accounts 2020746,4 k €↓
2019
Annual accounts 2019809,2 k €↑
2018
Annual accounts 2018451,4 k €↑
2017
Annual accounts 2017103,7 k €↓
2016
Annual accounts 2016244,3 k €↓
2015
Annual accounts 2015382,4 k €↑
2014
Annual accounts 2014289,6 k €↑
2013
Annual accounts 2013288,4 k €↑
2012
Annual accounts 201267,1 k €↑
2011
Annual accounts 2011-27,9 k €↓
2010
Annual accounts 2010-3,6 k €↓
2009
Annual accounts 200936,1 k €

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

C-DEV

Overview

What does C-DEV do?

Trend over 14 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline