CEDEA
InactiveFinancials · financial year 2024, full format
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€68,588▼ 2.7%
2023 · €70,495
Working capital
€46,233
2023 · -€18,043
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result has fallen two years in a row; 2024 is 4% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€97,230
2024
Net result€68,588
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€420,813
2024
Equity€194,426
2024
Debt€226,386
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€46,233
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)5.4
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€23,501-€44,367▲ 88.8%€28,380▼ 36.0%€79,751▲ 181%€104,126▲ 30.6%€100,786▼ 3.2%€97,230▼ 3.5%
Net result€17,282-€28,791▲ 66.6%€14,705▼ 48.9%€54,259▲ 269%€73,022▲ 34.6%€70,495▼ 3.5%€68,588▼ 2.7%
Equity€41,220-€52,645▲ 27.7%€57,349▲ 8.9%€77,322▲ 34.8%€105,344▲ 36.2%€125,839▲ 19.5%€194,426▲ 54.5%
Total assets€301,975-€501,889▲ 66.2%€465,770▼ 7.2%€408,055▼ 12.4%€423,027▲ 3.7%€409,175▼ 3.3%€420,813▲ 2.8%
Debt€263,835-€449,244▲ 70.3%€408,421▼ 9.1%€330,733▼ 19.0%€317,683▼ 3.9%€283,336▼ 10.8%€226,386▼ 20.1%
Working capital-€13,785--€31,543▼ 129%-€41,575▼ 31.8%-€34,063▲ 18.1%-€22,095▲ 35.1%-€18,043▲ 18.3%€46,233
Staff (FTE)5.4-5.4=5.4=4.8▼ 11.1%4.5▼ 6.3%4.7▲ 4.4%5.4▲ 14.9%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €420,813
Fixed assets
€196,075 ▼ 12.2%
Current assets
€224,738 ▲ 20.9%
Equity and liabilities €420,813
Equity
€194,426 ▲ 54.5%
Debt
€226,386 ▼ 20.1%
Debt's share of the balance-sheet total falls from 69.2% to 53.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€136,580▼
2023 · €139,125
Cash flow
€107,938▼
2023 · €108,833
Current ratio
1.26▲
2023 · 0.91
Debt to equity
1.16▼
2023 · 2.25
ROE
35.3%▼
2023 · 56.0%
ROA
16.3%▼
2023 · 17.2%
Interest coverage
48.89▲
2023 · 36.95
Debt ≤ 1 year
€178,504▼
2023 · €203,936
Debt > 1 year
€46,382▼
2023 · €77,900
Income taxes
€25,893▼
2023 · €26,526
Staff costs
€389,855▲
2023 · €341,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €292,994 | €308,824 | €341,645 | €389,855 | ▲ 14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,347 | €64,951 | €38,097 | €38,105 | €37,379 | €38,338 | €39,350 | ▲ 2.6% |
| Other operating charges640/8 | - | - | - | €2,079 | €2,800 | €3,581 | €2,986 | ▼ 16.6% |
| Gross operating margin9900 | €392,166 | €449,815 | €364,109 | €412,929 | €453,129 | €484,350 | €529,422 | ▲ 9.3% |
| Operating profit (loss)9901 | €23,501 | €44,367 | €28,380 | €79,751 | €104,126 | €100,786 | €97,230 | ▼ 3.5% |
| Financial income75/76B | - | - | - | €49 | €1 | €0 | €44 | ▲ 435,800% |
| Recurring financial income75 | €364 | €16 | €608 | €49 | €1 | €0 | €44 | ▲ 435,800% |
| Financial charges65/66B | - | - | - | €5,564 | €4,556 | €3,766 | €2,794 | ▼ 25.8% |
| Recurring financial charges65 | €2,561 | €5,376 | €7,397 | €5,564 | €4,556 | €3,766 | €2,794 | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €23,412 | €39,006 | €21,591 | €74,235 | €99,571 | €97,021 | €94,480 | ▼ 2.6% |
| Income taxes67/77 | €6,131 | €10,215 | €6,886 | €19,976 | €26,549 | €26,526 | €25,893 | ▼ 2.4% |
| Profit (loss) for the period9904 | €17,282 | €28,791 | €14,705 | €54,259 | €73,022 | €70,495 | €68,588 | ▼ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €17,282 | €28,791 | €14,705 | €54,259 | €73,022 | €70,495 | €68,588 | ▼ 2.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €301,975 | €501,889 | €465,770 | €408,055 | €423,027 | €409,175 | €420,813 | ▲ 2.8% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - |
| Fixed assets21/28 | €167,724 | €356,697 | €320,266 | €285,627 | €254,704 | €223,282 | €196,075 | ▼ 12.2% |
| Intangible fixed assets21 | €150,000 | €146,429 | €117,857 | €89,286 | €60,714 | €32,143 | €3,571 | ▼ 88.9% |
| Tangible fixed assets22/27 | €17,724 | €210,269 | €202,409 | €196,341 | €193,990 | €191,139 | €192,504 | ▲ 0.7% |
| Land and buildings22 | - | - | - | €194,563 | €186,631 | €185,404 | €177,146 | ▼ 4.5% |
| Furniture and vehicles24 | - | - | - | €1,778 | €7,359 | €5,735 | €15,358 | ▲ 168% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €134,251 | €145,192 | €145,504 | €122,428 | €168,323 | €185,894 | €224,738 | ▲ 20.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €100,912 | €85,157 | €81,809 | €72,301 | €85,080 | €87,415 | €117,501 | ▲ 34.4% |
| Trade receivables40 | - | - | - | €67,687 | €83,751 | €86,085 | €117,501 | ▲ 36.5% |
| Other amounts receivable41 | - | - | - | €4,614 | €1,329 | €1,329 | €0 | ▼ 100% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €53,969 | €60,035 | €63,696 | €50,127 | €83,242 | €98,479 | €107,237 | ▲ 8.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €301,975 | €501,889 | €465,770 | €408,055 | €423,027 | €409,175 | €420,813 | ▲ 2.8% |
| Equity10/15 | €41,220 | €52,645 | €57,349 | €77,322 | €105,344 | €125,839 | €194,426 | ▲ 54.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €33,160 | €44,585 | €49,289 | €69,262 | €97,284 | €117,779 | €186,366 | ▲ 58.2% |
| Amounts payable17/49 | €263,835 | €449,244 | €408,421 | €330,733 | €317,683 | €283,336 | €226,386 | ▼ 20.1% |
| Amounts payable after more than one year17 | €114,300 | €271,010 | €219,842 | €172,741 | €125,765 | €77,900 | €46,382 | ▼ 40.5% |
| Financial debts170/4 | - | - | - | €172,741 | €125,765 | €77,900 | €46,382 | ▼ 40.5% |
| Amounts payable within one year42/48 | €148,035 | €176,735 | €187,079 | €156,492 | €190,418 | €203,936 | €178,504 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €50,904 | €50,779 | €51,814 | €35,541 | ▼ 31.4% |
| Trade debts44 | €18,579 | €19,853 | €22,037 | €8,659 | €17,237 | €12,777 | €31,931 | ▲ 150% |
| Suppliers440/4 | - | - | - | €8,659 | €17,237 | €12,777 | €31,931 | ▲ 150% |
| Taxes, remuneration and social security45 | - | - | - | €72,928 | €90,902 | €89,346 | €111,033 | ▲ 24.3% |
| Taxes450/3 | - | - | - | €36,770 | €42,771 | €36,092 | €48,334 | ▲ 33.9% |
| Remuneration and social security454/9 | - | - | - | €36,158 | €48,131 | €53,255 | €62,699 | ▲ 17.7% |
| Other amounts payable47/48 | - | - | - | €24,000 | €31,500 | €50,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,282 | €28,791 | €14,705 | €54,259 | €73,022 | €70,495 | €68,588 | ▼ 2.7% |
| + Depreciation and write-downs630 | €29,347 | €64,951 | €38,097 | €38,105 | €37,379 | €38,338 | €39,350 | ▲ 2.6% |
| Operating cash flow (approximation) | €46,629 | €93,741 | €52,801 | €92,364 | €110,401 | €108,833 | €107,938 | ▼ 0.8% |
| Investment in fixed assets (approximation) | - | -€253,924 | -€1,665 | -€3,466 | -€6,457 | -€6,915 | -€12,144 | ▼ 75.6% |
| Change in cash | - | €6,066 | €3,661 | -€13,569 | €33,115 | €15,237 | €8,758 | ▼ 42.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 06-06-2025 | 2025-00128639 |
| 31-12-2023 | full format | 06-05-2024 | 2024-00084053 |
| 31-12-2022 | full format | 05-05-2023 | 2023-00082600 |
| 31-12-2021 | full format | 18-08-2022 | 2022-20297783 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60700172 |
| 31-12-2019 | micro format | 02-07-2020 | 2020-25100052 |
| 31-12-2018 | full format | 27-08-2019 | 2019-52600018 |
| 31-12-2017 | full format | 14-08-2018 | 2018-45600078 |
| 31-12-2016 | full format | 23-05-2017 | 2017-13400345 |
| 31-12-2015 | full format | 25-08-2016 | 2016-51900071 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.