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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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CESAC IMMO from Waterloo, company number BE0466193183, closed financial year 2025 with a result of € 35,897 after tax. For that financial year CESAC IMMO recorded a gross margin of € 96,644 and equity of € 243,461. Compared with financial year 2024, the result moved from € 30,287 to € 35,897. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on March 11, 2026.
€ 243,461
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35,897
▲ 19% vs 2024
Profit after tax over the fiscal year.
€ 26,377
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 181,488.
People and assets in 2025
€ 789
▼ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 152,519
▼ 19% vs 2024
€ 33,576 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1,500
Supplier invoices still open on the last day of the fiscal year.
€ 3,500
▲ 18% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 84,800 | € 88,746 | € 83,286 | € 96,644 | ▲ 16% |
| Profit after taxes | € 28,264 | € 31,743 | € 30,287 | € 35,897 | ▲ 19% |
| Equity | € 145,534 | € 177,277 | € 207,564 | € 243,461 | ▲ 17% |
| Total debts | € 387,140 | € 307,955 | € 255,624 | € 212,966 | ▼ 17% |
| Cash | € 37,343 | € 20,973 | € 29,339 | € 26,377 | ▼ 10% |
| Land & buildings | € 491,036 | € 461,572 | € 432,195 | € 428,007 | ▼ 1% |
| Retained profit | € 83,561 | € 115,304 | € 145,591 | € 181,488 | ▲ 25% |
| Bank debt | € 276,301 | € 231,351 | € 187,800 | € 152,519 | ▼ 19% |
| Balance sheet total | € 532,674 | € 485,233 | € 463,188 | € 456,427 | ▼ 1% |
Key figures of CESAC IMMO, 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 April 2027.
What happened to CESAC IMMO?
What happened at CESAC IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35,897 (▲ 19% vs 2024). Source: NBB ↗
- Colette Goethals became a director. NBB
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,264 profit in 2022 to € 35,897 profit in 2025.
Paid € 59,121 in corporate taxes since 2022.
Best year ever: 2025, with € 35,897 profit.
Management
Behind CESAC IMMO is Colette Goethals.
Directors
According to the 2025 annual accounts
Colette Goethals
Managing director
since 2021
Establishments
Establishment units
Physical locations of this company
Rue Libert (François) 17A
1410 Waterloo
Rue Libert (François) 17 A
1410 Waterloo
Active since 30 November 1999
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.193.183
- VAT number
- BE 0466.193.183
- Registered office
- Rue Libert (François) 17A, 1410 Waterloo
- Names & denominations
- CESAC IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 1999
- Peppol
- Not registered