CERDO is a construction company in Torhout. Private Limited, started on 30 July 1993, 1 establishment.

What is the address of CERDO?

The registered office of CERDO is located at Kortemarkstraat 209, 8820 Torhout.

Is CERDO still active?

Yes. According to the CBE (30 October 2026) CERDO is active, legal situation “Normale toestand”, started on 30 July 1993.

Is CERDO registered on Peppol?

Yes, CERDO is registered on the Peppol network with ID 0208:0450656654.

What is the enterprise number of CERDO?

The enterprise number of CERDO is BE0450656654.

When was CERDO founded?

CERDO was founded on 30 July 1993.

Who are the directors of CERDO?

According to the 2025 annual accounts, the directors of CERDO are: TORVARKO BV.

Is CERDO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 30 July 1993; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did CERDO make in 2025?

CERDO posted a profit after taxes of € 13,146 in financial year 2025.

What is the revenue of CERDO?

As a small company, CERDO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 349,551.

How much does an employee at CERDO earn?

The average wage cost per full-time employee at CERDO was € 65,900 in 2025: staff costs of € 111,956 for 1.7 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CERDO have?

According to the 2025 annual accounts, CERDO has 1.7 full-time equivalents (FTE).

CERDO (Private Limited) - Torhout - BE0450656654

Dossier CERDO, printed on 30 October 2026 from databakkes.be/en/0450656654/cerdo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

CERDO from Torhout, company number BE0450656654, closed financial year 2025 with a result of € 13,146 after tax. For that financial year CERDO recorded a gross margin of € 349,551 and equity of € 589,883. Compared with financial year 2024, the result moved from € 1,081 to € 13,146. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.

What it is worth Healthy

€ 589,883

▼ 19% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 13,146

▲ € 12,065 vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 9,250

▲ 141% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 155,018 paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

1.7

▲ 0.7 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 111,956

▲ 101% vs 2024

€ 65,900 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.

Vehicles and equipment

€ 431,469

▲ 1% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 621,993

▼ 4% vs 2024

€ 138,838 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 345,121

▼ 9% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 18,430

▼ 25% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 248,239 Gross margin 2022: € 248,239 First fiscal year in the series	€ 304,555 Gross margin 2023: € 304,555 ▲ 23% vs 2022 (€ 248,239) Favourable step	€ 288,882 Gross margin 2024: € 288,882 ▼ 5% vs 2023 (€ 304,555) Unfavourable step	€ 349,551 Gross margin 2025: € 349,551 ▲ 21% vs 2024 (€ 288,882) Favourable step	▲ 21%
Profit after taxes	€ 72,959 Profit after taxes 2022: € 72,959 First fiscal year in the series	€ 99,478 Profit after taxes 2023: € 99,478 ▲ 36% vs 2022 (€ 72,959) Favourable step	€ 1,081 Profit after taxes 2024: € 1,081 ▼ 99% vs 2023 (€ 99,478) Unfavourable step	€ 13,146 Profit after taxes 2025: € 13,146 ▲ € 12,065 vs 2024 (€ 1,081) Favourable step	▲ € 12,065
Equity	€ 631,196 Equity 2022: € 631,196 First fiscal year in the series	€ 730,674 Equity 2023: € 730,674 ▲ 16% vs 2022 (€ 631,196) Favourable step	€ 731,755 Equity 2024: € 731,755 Unchanged (€ 730,674) Favourable step	€ 589,883 Equity 2025: € 589,883 ▼ 19% vs 2024 (€ 731,755) Unfavourable step	▼ 19%
Total debts	€ 876,743 Total debts 2022: € 876,743 First fiscal year in the series	€ 1,243,632 Total debts 2023: € 1,243,632 ▲ 42% vs 2022 (€ 876,743) Unfavourable step	€ 1,051,170 Total debts 2024: € 1,051,170 ▼ 15% vs 2023 (€ 1,243,632) Favourable step	€ 1,260,513 Total debts 2025: € 1,260,513 ▲ 20% vs 2024 (€ 1,051,170) Unfavourable step	▲ 20%
Cash	€ 22,450 Cash 2022: € 22,450 First fiscal year in the series	€ 96 Cash 2023: € 96 ▼ € 22,354 vs 2022 (€ 22,450) Unfavourable step	€ 3,844 Cash 2024: € 3,844 ▲ € 3,748 vs 2023 (€ 96) Favourable step	€ 9,250 Cash 2025: € 9,250 ▲ 141% vs 2024 (€ 3,844) Favourable step	▲ 141%
Land & buildings	€ 51,503 Land & buildings 2022: € 51,503 First fiscal year in the series	€ 48,636 Land & buildings 2023: € 48,636 ▼ 6% vs 2022 (€ 51,503) Unchanged	€ 30,431 Land & buildings 2024: € 30,431 ▼ 37% vs 2023 (€ 48,636) Unchanged	€ 43,802 Land & buildings 2025: € 43,802 ▲ 44% vs 2024 (€ 30,431) Unchanged	▲ 44%
Retained profit	€ 624,841 Retained profit 2022: € 624,841 First fiscal year in the series	€ 724,319 Retained profit 2023: € 724,319 ▲ 16% vs 2022 (€ 624,841) Favourable step	€ 725,400 Retained profit 2024: € 725,400 Unchanged (€ 724,319) Favourable step	€ 583,528 Retained profit 2025: € 583,528 ▼ 20% vs 2024 (€ 725,400) Unfavourable step	▼ 20%
Dividend	€ 60,000 Dividend 2022: € 60,000 First fiscal year in the series	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 60,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged	€ 155,018 Dividend 2025: € 155,018 Unchanged (€ 0) Unchanged
Bank debt	€ 493,889 Bank debt 2022: € 493,889 First fiscal year in the series	€ 701,955 Bank debt 2023: € 701,955 ▲ 42% vs 2022 (€ 493,889) Unfavourable step	€ 645,539 Bank debt 2024: € 645,539 ▼ 8% vs 2023 (€ 701,955) Favourable step	€ 621,993 Bank debt 2025: € 621,993 ▼ 4% vs 2024 (€ 645,539) Favourable step	▼ 4%
Balance sheet total	€ 1,507,940 Balance sheet total 2022: € 1,507,940 First fiscal year in the series	€ 1,974,306 Balance sheet total 2023: € 1,974,306 ▲ 31% vs 2022 (€ 1,507,940) Unchanged	€ 1,782,925 Balance sheet total 2024: € 1,782,925 ▼ 10% vs 2023 (€ 1,974,306) Unchanged	€ 1,850,396 Balance sheet total 2025: € 1,850,396 ▲ 4% vs 2024 (€ 1,782,925) Unchanged	▲ 4%
Employees (FTE)	2 Employees (FTE) 2022: 2 First fiscal year in the series	1 Employees (FTE) 2023: 1 ▼ 1 vs 2022 (2) Unchanged	1 Employees (FTE) 2024: 1 Unchanged (1) Unchanged	1.7 Employees (FTE) 2025: 1.7 ▲ 0.7 vs 2024 (1) Unchanged	▲ 0.7

Key figures of CERDO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to CERDO?

What happened at CERDO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jan 29, 2026 New annual accounts for financial year 2025: profit of € 13,146 (▲ € 12,065 vs 2024). Source: NBB ↗
2016 TORVARKO BV became a director. NBB
Aug 25, 1993 New establishment in Torhout. KBO
Jul 30, 1993 Start of the company according to the CBE. KBO

In short

From € 72,959 profit in 2022 to € 13,146 profit in 2025.

Paid € 67,601 in corporate taxes since 2022.

Best year ever: 2023, with € 99,478 profit.

On average € 205,600 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

TORVARKO BV

CERDO

Behind CERDO is TORVARKO BV.

Directors

According to the 2025 annual accounts

TORVARKO BV

Director · represented by Pauwels LEEN

since 2016

Establishments

Establishment units

Physical locations of this company

Registered office

Kortemarkstraat 209

8820 Torhout

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

Torvarko same network

€ 40,439 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0450.656.654

VAT number

BE 0450.656.654

Registered office

Kortemarkstraat 209, 8820 Torhout

Names & denominations

CERDO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

30 July 1993

Peppol

Active · Active since 19 Nov 2025

Activities · NACE

Algemene bouw van residentiële gebouwen

Installatie van isolatie

Fokvarkenshouderij

Isolatiewerkzaamheden

Fokvarkenshouderijen

View on CBE Public ↗ Annual accounts (NBB) ↗

CERDO

Financials

What happened to CERDO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions