ACTIVE

CIGALINE

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Financial year 2025 · Closed on 31/12/2025

Net result201,7 k €-34,2 %over 1 year

Gross margin2,6 M €-3,8 %over 1 year

Equity346,7 k €-33,3 %over 1 year

Workforce40,6 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

CIGALINE is a Private limited company incorporated in 2008. Its main activity is: Residential care activities for mental retardation, mental health and substance abuse. Its registered office is in Merbes-le-Château. It employs on average 40,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0899.121.407
Incorporation: 08/07/2008
Legal form: Private limited company
Registered office: Rue de l' Hôpital(MLC) 3
6567 Merbes-le-Château · WallonieSee on map
Contributed capital: 12 400,00 €
Latest accounts: 31/12/2025
Average workforce: 40,6 ETP

Activities (NACE)

87202Residential care activities for mental retardation, mental health and substance abuse· main 87202Residential care activities for mental retardation, mental health and substance abuse

Joint committees (3)

319
31902
3192

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 17 filings

Trend over 16 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2,6 M €	-3.8%	2,7 M €	+7.7%	2,5 M €	+8.8%	2,3 M €	-3.5%	2,4 M €
EBITDA	314 k €	-37.4%	501,4 k €	+69.8%	295,3 k €	+274%	79 k €	-78.2%	363,1 k €
Operating result	245,9 k €	-44.6%	444 k €	+348%	99,2 k €	+990%	9,1 k €	-97.0%	307,3 k €
Net result	201,7 k €	-34.2%	306,5 k €	+520%	49,4 k €	+461%	-13,7 k €	-106%	214,6 k €
Balance sheet
Equity	346,7 k €	-33.3%	520 k €	+1.3%	513,5 k €	-22.7%	664,1 k €	-28.4%	927,8 k €
Total assets	1,7 M €	-0.5%	1,7 M €	+16.3%	1,5 M €	-6.8%	1,6 M €	-1.9%	1,6 M €
Cash	608,5 k €	-27.3%	836,6 k €	+34.9%	620,1 k €	+22.9%	504,6 k €	-24.6%	669 k €
Debts	1,4 M €	+13.6%	1,2 M €	+27.1%	951,6 k €	+3.0%	924,1 k €	+32.2%	698,7 k €
Other
Workforce	40,6 ETP	0.0%	40,6 ETP	+3.0%	39,4 ETP	-2.7%	40,5 ETP	+3.3%	39,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALTIS1024.843.602Represented by Delphine Bultot	Directorsince 08/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Julien CASTAGNA	Director17/04/2019 → 2024 accounts
Moktar Ballatreche	Director07/07/2008 → 17/04/2019
MOKTAR BELLATRECHE	Manager01/07/2008 → 2018 accounts

Other companies at this address

Rue de l' Hôpital(MLC) 3 6567 Merbes-le-Château

Company	CBE no.
GROUPE CIGALINE● Active	1039.584.632

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	22/07/2026	20/05/2025	19/08/2024	12/06/2023	16/08/2022	26/08/2021
General meeting	01/07/2026	18/02/2025	30/05/2024	30/05/2023	30/05/2022	30/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 17 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/07/2026	22/07/2026	French	PDF
Abridged model	31/12/2024	18/02/2025	20/05/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	19/08/2024	French	PDF
Abridged model	31/12/2022	30/05/2023	12/06/2023	French	PDF
Abridged model	31/12/2021	30/05/2022	16/08/2022	French	PDF
Abridged model	31/12/2020	30/05/2021	26/08/2021	French	PDF
Abridged model	31/12/2019	15/07/2020	22/10/2020	French	PDF
Abridged model	31/12/2018	06/05/2019	20/08/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	30/05/2017	24/09/2017	French	PDF
Abridged model	31/12/2015	28/06/2016	02/09/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	29/09/2014	French	PDF
Abridged model	31/12/2012	30/06/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	13/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	07/07/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	12/08/2010	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
BALTIS1024.843.602Represented by Delphine Bultot	Directorsince 08/08/2025

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Julien CASTAGNA	Director17/04/2019 → 2024 accounts
Moktar Ballatreche	Director07/07/2008 → 17/04/2019
MOKTAR BELLATRECHE	Manager01/07/2008 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other29/05/2026
OBJET
PDF
Mandates03/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates03/05/2019
DEMISSIONS, NOMINATIONS
PDF
Other17/07/2008
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings16 filings

Mandates

BALTIS

Julien CASTAGNA

Moktar Ballatreche

MOKTAR BELLATRECHE

2008200920102011201220132014201520162017201820192020202120222023202420252026

CIGALINE

Rue de l' Hôpital(MLC) 3, 6567 Merbes-le-Château

Director

Manager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de l' Hôpital(MLC) 3, 6567 Merbes-le-ChâteauCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00317541

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CIGALINECurrent	accounts 2009 → 2025	Accounts 2025 · 2026-00317541

Events

2025
Annual accounts 2025201,7 k €↓
2024
Annual accounts 2024306,5 k €↑
2023
Annual accounts 202349,4 k €↑
2022
Annual accounts 2022-13,7 k €↓
2021
Annual accounts 2021214,6 k €↓
2019
Annual accounts 2019363,7 k €↓
2018
Annual accounts 2018411,9 k €↑
2017
Annual accounts 2017327,9 k €↓
2016
Annual accounts 2016357,9 k €↓
2015
Annual accounts 2015377,5 k €↑
2014
Annual accounts 2014320,4 k €↑
2013
Annual accounts 2013311,8 k €↓
2012
Annual accounts 2012400,2 k €↑
2011
Annual accounts 2011336 k €↓
2010
Annual accounts 2010355,2 k €↑
2009
Annual accounts 200911,2 k €
08/07/2008
IncorporationPrivate limited company

CIGALINE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events