CEMABO
Annual accounts 2025
full format, filed on 27-05-2026, 27 days lateThe turnover shown is an estimate from the gross margin.
Turnover ≈ €42,000. Estimated: probably between €19,000 and €110,000.
Balance sheet
balance sheet total €1.9m on 30-09-2025in euro
in €m
Position in the sector
17.3%
Higher than 20% of 3,873 companies in 2025.
4.16
Higher than 78% of 3,727 companies in 2025.
1.1%
Higher than 39% of 3,849 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||
20/58 |
1.9m | 327,280 | 326,484 | 219,691 | 162,776 | 138,395 | 77,903 | 19,932 | 12,881 | 23,348 | 9,532 | 58,866 | 50,580 | 50,844 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 268 | 498 | 728 | |
21/28 |
1.7m | 13,589 | 22,177 | 30,244 | 36,273 | 3,671 | 567 | - | - | 1,891 | 6,500 | 55,268 | 50,498 | 50,728 | |
21 |
- | - | - | - | - | - | - | - | - | 490 | - | - | 0 | - | |
22/27 |
6,371 | 13,589 | 22,177 | 30,244 | 36,273 | 3,671 | 567 | - | - | 1,401 | - | - | - | - | |
22 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
24 |
5,684 | 12,513 | 20,712 | 28,390 | 36,273 | 3,671 | 567 | - | - | 1,401 | - | - | 0 | - | |
26 |
687 | 1,076 | 1,465 | 1,854 | - | - | - | - | - | - | - | - | 0 | - | |
27 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
28 |
1.7m | - | - | - | - | - | - | 0 | - | - | 6,500 | 55,000 | 50,000 | 50,000 | |
29/58 |
217,576 | 313,690 | 304,306 | 189,447 | 126,503 | 134,724 | 77,337 | 19,932 | 12,881 | 21,457 | 3,032 | 3,598 | 82 | 116 | |
29 |
- | - | - | - | - | - | - | - | 25 | - | - | - | - | - | |
290 |
- | - | - | - | - | - | - | - | 25 | - | - | - | 0 | - | |
291 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
3 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
30/36 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
37 |
- | - | - | - | - | - | - | - | - | - | - | - | 0 | - | |
40/41 |
111,609 | 75,234 | 122,479 | 16,246 | 5,684 | 4,346 | 2,428 | 7,865 | - | 1,203 | - | - | - | - | |
40 |
13,995 | 29,557 | 70,906 | 7,260 | 3,069 | 120 | - | 7,865 | - | 785 | - | - | 0 | - | |
41 |
97,614 | 45,677 | 51,573 | 8,986 | 2,615 | 4,226 | 2,428 | - | - | 418 | - | - | 0 | - | |
50/53 |
97,460 | 225,720 | 100,000 | - | - | - | - | - | - | - | - | - | 0 | - | |
54/58 |
2,427 | 10,749 | 77,646 | 173,025 | 119,081 | 130,378 | 74,908 | 12,067 | 12,856 | 20,255 | 3,032 | 3,598 | 82 | 116 | |
490/1 |
6,079 | 1,987 | 4,181 | 176 | 1,738 | - | - | - | - | - | - | - | 0 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||
10/49 |
1.9m | 327,280 | 326,484 | 219,691 | 162,776 | 138,395 | 77,903 | 19,932 | 12,881 | 23,348 | 9,532 | 58,866 | 50,580 | 50,844 | |
10/15 |
325,261 | 318,799 | 286,313 | 202,662 | 158,619 | 124,416 | 64,405 | 3,668 | 3,629 | 3,053 | 788 | 50,407 | 48,680 | 49,444 | |
10/11 |
50,050 | 50,050 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
10 |
- | - | 50,000 | 50,000 | 50,000 | - | - | - | - | - | - | - | - | - | |
100 |
- | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
13 |
275,211 | 268,749 | 236,313 | 152,662 | 108,619 | 74,416 | 14,405 | 50 | 50 | 50 | 50 | 50 | - | - | |
130/1 |
- | - | 50 | 50 | 50 | 50 | - | - | - | - | - | - | - | - | |
130 |
- | - | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | - | - | |
133 |
275,211 | 268,749 | 236,263 | 152,612 | 108,569 | 74,366 | 14,355 | - | - | - | - | - | - | - | |
14 |
- | - | - | - | - | - | - | -46,382 | -46,421 | -46,997 | -49,262 | 357 | -1,320 | -556 | |
17/49 |
1.6m | 8,481 | 40,170 | 17,030 | 4,157 | 13,979 | 13,498 | 16,264 | 9,252 | 20,295 | 8,744 | 8,460 | 1,900 | 1,400 | |
17 |
1.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
588,490 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
900,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
52,285 | 7,362 | 39,211 | 16,490 | 4,157 | 13,711 | 13,338 | 16,104 | 343 | 19,502 | 7,951 | 8,161 | 1,900 | 1,400 | |
42 |
48,267 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
26 | 434 | 3,468 | 5,195 | 1,370 | 3,167 | - | 1,213 | - | 6,533 | - | - | - | - | |
440/4 |
26 | 434 | 3,468 | 5,195 | 1,370 | 3,167 | - | 1,213 | - | 6,533 | - | - | - | - | |
45 |
3,992 | 6,729 | 25,138 | 3,515 | 2,787 | 10,544 | 13,338 | 1,182 | 343 | 2,477 | - | 209 | - | - | |
450/3 |
3,992 | 6,729 | 25,138 | 3,515 | 2,787 | 10,544 | 13,338 | 1,182 | 343 | 2,477 | - | 209 | - | - | |
47/48 |
- | 199 | 10,605 | 7,779 | - | - | - | 13,709 | - | 10,492 | 7,951 | 7,951 | 1,900 | 1,400 | |
492/3 |
12,037 | 1,119 | 959 | 540 | - | 268 | 160 | 160 | 8,909 | 793 | 793 | 299 | - | - | |
| Income statement | |||||||||||||||
9900 |
10,720 | 65,141 | 125,376 | 72,140 | 56,787 | 84,264 | 65,938 | 590 | 2,260 | 11,588 | 24 | 2,846 | -153 | -77 | |
630 |
8,828 | 8,918 | 9,168 | 8,544 | 4,823 | 659 | 283 | - | - | 945 | 268 | 230 | 230 | 422 | |
640/8 |
1,158 | 1,170 | 1,056 | 998 | 3,208 | 616 | 348 | 348 | 348 | 348 | 348 | 348 | 348 | - | |
66A |
- | - | - | - | - | - | 50,000 | - | 245 | 6,500 | 48,500 | - | - | - | |
9901 |
734 | 55,053 | 115,152 | 62,597 | 48,755 | 82,990 | 15,307 | 243 | 1,668 | 10,295 | -591 | 2,269 | -730 | -499 | |
75/76B |
49,507 | 5,148 | 4,515 | - | - | - | - | - | - | 83 | - | - | - | - | |
75 |
49,507 | 5,148 | 4,515 | - | - | - | - | - | - | 83 | - | - | - | - | |
65/66B |
27,057 | 13,563 | 521 | 40 | 45 | 215 | -49,959 | 198 | 744 | 6,531 | 527 | 333 | 34 | 57 | |
65 |
27,057 | 13,563 | 521 | 40 | 45 | 215 | 41 | 198 | 44 | 31 | 527 | 333 | 34 | 57 | |
66B |
- | - | - | - | - | - | -50,000 | - | 700 | 6,500 | - | - | - | - | |
9903 |
23,184 | 46,638 | 119,145 | 62,557 | 48,710 | 82,775 | 65,266 | 45 | 924 | 3,847 | -49,619 | 1,936 | -764 | -556 | |
67/77 |
2,366 | 14,153 | 35,494 | 18,514 | 14,508 | 22,765 | 4,529 | 6 | 348 | 1,582 | - | 209 | - | - | |
9904 |
20,818 | 32,485 | 83,652 | 44,043 | 34,203 | 60,011 | 60,738 | 39 | 576 | 2,265 | -49,619 | 1,727 | -764 | -556 | |
9905 |
20,818 | 32,485 | 83,652 | 44,043 | 34,203 | 60,011 | 60,738 | 39 | 576 | 2,265 | -49,619 | 1,727 | -764 | -556 | |
| Appropriation of the result | |||||||||||||||
9906 |
20,818 | 32,485 | 83,652 | 44,043 | 34,203 | 60,011 | 14,355 | -46,382 | -46,421 | -46,997 | -49,262 | 407 | -1,320 | -556 | |
791/2 |
14,355 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
20,818 | 32,485 | 83,652 | 44,043 | 34,203 | 60,011 | 14,355 | - | - | - | - | 50 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 50 | - | - | |
6921 |
20,818 | 32,485 | 83,652 | 44,043 | 34,203 | 60,011 | 14,355 | - | - | - | - | - | - | - | |
694/7 |
14,355 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
14,355 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 27-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00122126.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | full format | 27-05-2026 | 2026-00122126 | |
| 30-09-2024 | micro format | 23-05-2025 | 2025-00103328 | |
| 30-09-2023 | micro format | 29-04-2024 | 2024-00072193 | |
| 30-09-2022 | micro format | 27-04-2023 | 2023-00068483 | |
| 30-09-2021 | micro format | 02-05-2022 | 2022-20020170 | |
| 30-09-2020 | micro format | 28-04-2021 | 2021-11600404 | |
| 30-09-2019 | micro format | 29-05-2020 | 2020-14100576 | |
| 30-09-2018 | micro format | 29-04-2019 | 2019-11400237 | |
| 30-09-2017 | micro format | 16-05-2018 | 2018-12700506 | |
| 30-09-2016 | full format | 07-06-2017 | 2017-15200203 | |
| 30-09-2015 | full format | 30-05-2016 | 2016-14000593 | |
| 30-09-2014 | full format | 06-05-2015 | 2015-11300482 | |
| 30-09-2013 | full format | 23-05-2014 | 2014-13100494 | |
| 30-09-2012 | full format | 28-05-2013 | 2013-13400358 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9,562 | 63,971 | 124,319 | 71,142 | 53,579 | 83,649 | 15,591 | - | - | 11,241 | -323 | 2,499 | -500 | -77 | ||
| 29,646 | 41,403 | 92,819 | 52,587 | 39,026 | 60,670 | 61,021 | - | - | 3,211 | -49,350 | 1,957 | -534 | -134 | ||
| 1.7m | 331 | 1,101 | 2,516 | 37,425 | 3,764 | 850 | - | - | 2,836 | -48,500 | 5,000 | 0 | 50,000 | ||
| -8,322 | -66,897 | -95,379 | 53,944 | -11,297 | 55,470 | 62,842 | -789 | -7,398 | 17,223 | -566 | 3,516 | -34 | - | ||
| 165,291 | 306,328 | 265,095 | 172,957 | 122,346 | 121,013 | 63,998 | 3,827 | 12,538 | 1,955 | -4,919 | -4,563 | -1,818 | -1,284 | ||
| 17.3% | 97.4% | 87.7% | 92.2% | 97.4% | 89.9% | 82.7% | 18.4% | 28.2% | 13.1% | 8.3% | 85.6% | 96.2% | 97.2% | ||
| 4.16 | 42.61 | 7.76 | 11.49 | 30.43 | 9.83 | 5.80 | 1.24 | 37.53 | 1.10 | 0.38 | 0.44 | 0.04 | 0.08 | ||
| 4.77 | 0.03 | 0.14 | 0.08 | 0.03 | 0.11 | 0.21 | 4.43 | 2.55 | 6.65 | - | 0.17 | 0.04 | 0.03 | ||
| 6.4% | 10.2% | 29.2% | 21.7% | 21.6% | 48.2% | 94.3% | 1.1% | 15.9% | 74.2% | - | 3.4% | -1.6% | -1.1% | ||
| 1.1% | 9.9% | 25.6% | 20.0% | 21.0% | 43.4% | 78.0% | 0.2% | 4.5% | 9.7% | -520.5% | 2.9% | -1.5% | -1.1% | ||
| 0.35 | 4.72 | over 100 | over 100 | over 100 | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,610 | €331 | €1,101 | €2,516 | €37,425 |
| Financial fixed assets | €1.7m | - | - | - | - |
| €8,828 | €8,918 | €9,168 | €8,544 | €4,823 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CEMABO
The operating result for 2025 is 99% lower than in 2024 and the lowest since 2018. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 2.6% to 82.7%. Equity and debt are higher.