Equity
€244.0m ▲ 3.8%
CEBEO paid out €20.0m in dividends. That is 69% of the 2025 profit.
CEBEO
Lifetime
17 annual accounts with figures on one time axis, 49 filings since 1977peak €877.2m (2023)
€773.0m▲ 3.8%
peak €48.5m (2022)
€29.0m▲ 34.9%
peak €244.0m (2025)
€244.0m▲ 3.8%
€124.6m▲ 1.1%
peak 943.4 FTE (2023)
914 FTE▼ 3.1%
Board15 names since 2019all names
2 directorsStefanie Schneider and 1 other
Owners3 names in the annual accounts
99.99%SONEPAR BELGIUM and 1 other
Documentsfilings and deeds
18-06-202643 days before the deadline
2025financial year
Result from €21.5m to €29.0mPermanent representatives: Nele Van Laethem and Peter Lenoir 07-10Resignation: Pierre Petit (director) 06-03New managing director 22-01Dividend €20.0m1 establishment registered
Key points
from the 2025 annual accountsResult
€29.0m ▲ 34.9%
The result rose in 2025 from €21.5m to €29.0m.
Staff
938 employees on 31-12-2025
In 2025, 85 people joined and 116 left. On top of that, 85.2 agency workers worked there on average.
Filings
49 annual accounts 55 filings since 1977
The last five annual accounts were filed 43 to 62 days before the end of the period.
Restructuring
2026
Merger with Otra Vastgoed België B.V.. Merger on 31-07-2026.
Position in the sector
€29.0m
Higher net result than 95% of companies in wholesale trade. Sector median €110,270 · 6,125 companies.
Checked score
95
Excellent
Financially stronger than 67% of large companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 133 companies (NACE 46, large).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 2.14, cash €65,720
lowers risk
Size: turnover €773.0m, 914 FTE, total assets €368.7m
Founded in 1963
Equity €244.0m (66.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, large). It does better than 85% of them on solvency, 56% on liquidity, 72% on profitability and 56% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 321 companies had the same profile as CEBEO has now. Each dot is one company, two years later.
97.5%
were still trading
2.5%
stopped another way
0.0%
went bankrupt
That fits the bankruptcy probability of CEBEO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 321 companies, not a prediction for CEBEO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.14 (2.05 in 2024), above the usual 1.5. Short-term debt is 33.8% and cash 0% of total assets. 33.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
50 days early
2023
48 days early
2022
60 days early
2021
62 days early
2020
61 days early
2019
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 52 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SONEPAR BELGIUM 99.99%equity €43.7m (2025) · annual accounts 2025
- SOBE-LOG 0.01%score 73equity €4.2m (2025) · annual accounts 2025
Shares in 2 companies, SOBE-LOG and SONEPAR BELGIUM
Board & ownershipRecent changes
Merger: CEBEO takes over Otra Vastgoed België B.V.
Capital of €3,890,729.82, 67,998 shares · General meeting of 31-07-2026 · Gazette deed
Merger proposal: CEBEO NV takes over Otra Vastgoed België B.V.
The company holds all the shares of Otra Vastgoed België B.V. · Name clause: CEBEO NV · Name clause: Otra Vastgoed België B.V. · Gazette deed
New establishment in Wavre
Boulevard de l'Europe 131
Merger proposal: CEBEO NV takes over Otra Vastgoed België B.V.
Transfer of shares from Otra N.V. to CEBEO NV · The company holds all the shares of Otra Vastgoed België B.V. · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CEBEO Waregem | €773.0m | 4.8% | 66.2% | 914 |
| REXEL BELGIUM Asse | €644.6m | 7.6% | 52.9% | 773.8 |
| NTT Belgium Machelen (Brab.) | €422.6m | -0.5% | 4.7% | 422.5 |
| SOLAR TURBINES EUROPE Braine-l'Alleud | €514.7m | 5.3% | 20.1% | 349 |
| Schneider Electric Uccle | €276.7m | 7.8% | 3.9% | 486.7 |
| ERICSSON Machelen (Brab.) | €204.8m | 2.7% | 5.0% | 215 |
| SIGNIFY BELGIUM Asse | €128.7m | -12.8% | 86.2% | 448.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CEBEO: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €118m and €490m, founded between 1919 and 1993.
Official details
Source: KBO- Status
- Active since 17-04-1963Normal situation
- Activity
- Wholesale of electrical equipment, including installation materialsNACE 46643and 2 others
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment units
- 2.005.978.2128790 Waregem, since 01-04-1963
- 2.143.179.3663001 Leuven, since 17-04-1963and 59 others
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €368.7m▲ 2.9%
- Employeeson 31-12-2025
- 938▼ 3.2%
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on CEBEO
CEBEO has existed since 1963. Turnover grew from €287.5m in 2007 to €773.0m in 2025 and staff from 500.8 to 914 full-time equivalents.
SONEPAR BELGIUM holds all the shares. In January 2025, the Official Gazette published the appointment of Stefanie Schneider as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CEBEO
- What is the company number of CEBEO?
- The company number of CEBEO is 0405.318.953. The VAT number is the same number with BE in front: BE 0405.318.953.
- Where is CEBEO based?
- The registered office is at Eugène Bekaertlaan 63, 8790 Waregem.Company details
- What does CEBEO do?
- According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
- What is the legal form of CEBEO?
- CEBEO is a public limited company (NV).
- When was CEBEO founded?
- CEBEO was founded on 17-04-1963.
- Is CEBEO still active?
- Yes, CEBEO is an active enterprise in the KBO register.
- How many employees does CEBEO have?
- CEBEO had an average of 914 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CEBEO fall under?
- In its 2024 annual accounts, CEBEO states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CEBEO?
- The turnover of CEBEO was €773.0m in financial year 2025, according to the filed annual accounts.
- Is CEBEO profitable?
- In financial year 2025, CEBEO made a profit of €29.0m.
- Where can I find the annual accounts of CEBEO?
- CEBEO filed 55 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CEBEO due?
- CEBEO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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