Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 1.8 to 1.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CESAR from Genappe, company number BE0439693971, closed financial year 2025 with a result of € -147,863 after tax. For that financial year CESAR recorded a gross margin of € 333,720 and equity of € 695,680. Compared with financial year 2024, the result moved from € -97,748 to € -147,863. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 695,680
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -147,863
▼ 51 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,681
▲ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -841,320.
People and assets in 2025
1
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 89,831
▼ 19% vs 2024
€ 89,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 81,639
▼ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
▲ 5% vs 2024
€ 118,424 is repaid this year. At this pace the long-term loan is gone in ≈ 23 years.
€ 2.1 million
▲ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,975
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 437,114 | € 396,575 | € 382,966 | € 333,720 | ▼ 13% |
| Profit after taxes | € 21,367 | € -125,140 | € -97,748 | € -147,863 | ▼ € 50,115 |
| Equity | € -33,569 | € -158,709 | € 843,544 | € 695,680 | ▼ 18% |
| Total debts | € 5,591,709 | € 6,817,515 | € 7,506,348 | € 7,543,654 | |
| Cash | € 4,502 | € 98,292 | € 4,711 | € 6,681 | ▲ 42% |
| Land & buildings | € 3,365,301 | € 3,194,680 | € 4,138,331 | € 3,935,729 | ▼ 5% |
| Retained profit | € -470,569 | € -595,709 | € -693,456 | € -841,320 | ▼ € 147,863 |
| Bank debt | € 2,745,032 | € 2,888,881 | € 2,829,159 | € 2,982,969 | ▲ 5% |
| Balance sheet total | € 5,558,140 | € 6,658,806 | € 8,349,892 | € 8,239,335 | ▼ 1% |
| Employees (FTE) | 1.8 | 1.8 | 1.2 | 1 | ▼ 0.2 |
Key figures of CESAR, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CESAR?
What happened at CESAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hélène EVRARD stepped down as director. NBB
- Frédéric DAWANS stepped down as director. NBB
- Radoslaw WIERZBICKI stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 147,863. Source: NBB ↗
- Hélène EVRARD became a director. NBB
- Radoslaw WIERZBICKI became a director. NBB
- Frédéric DAWANS became a director. NBB
- New establishment in Gembloux. KBO
In short
From € 21,367 profit in 2022 to € 147,863 loss in 2025.
Paid € 2,630 in corporate taxes since 2022.
Best year ever: 2022, with € 21,367 profit.
On average € 333,700 of value added per employee in 2025.
Management
The shares are held by AXIAL INVEST SA (95%).
Directors
According to the 2025 annual accounts
Hélène EVRARD
Director
Also active at: IMMO 55, SERIE, Ristorit, Tricorne, MAESTRIA OFFICE, CONTINENTAL PROPERTIES, STRAUVEN, AXIAL INVEST +12 more
since 2013 · until 2027
Frédéric DAWANS
Managing director
Also active at: IMMO 55, SERIE, Ristorit, Tricorne, COMPAGNIE FRANCOIS DE GESTION, CONTINENTAL PROPERTIES, STRAUVEN, AXIAL INVEST +16 more
since 2001 · until 2027
Radoslaw WIERZBICKI
Director
since 2009 · until 2027
Shareholders
95%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Forge 10
1470 Genappe
Rue de la Place, Gd-L. 41
5031 Gembloux
Active since 15 May 2001
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →D4-INVEST
€ 261,589 gross margin · 2025
IMMO 55 same network
€ 344,396 gross margin · 2025
SERIE same network
€ 1 million gross margin · 2025
Ristorit same network
€ 2 million gross margin · 2025
Tricorne same network
€ -6,146 gross margin · 2025
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0439.693.971
- VAT number
- BE 0439.693.971
- Registered office
- Rue de la Forge 10, 1470 Genappe
- Names & denominations
- CESAR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 January 1990
- Peppol
- Active · Active since 4 Jan 2026
- Activities · NACE
Installatie van isolatie
Overige reiniging van gebouwen; industriële reiniging
Isolatiewerkzaamheden