Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 54 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CENEL from Zoersel, company number BE0771904125, closed financial year 2025 with a result of € 3.7 million after tax. For that financial year CENEL recorded a gross margin of € 6.3 million and equity of € 33.3 million. Compared with financial year 2024, the result moved from € 89,083 to € 3.7 million. 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 August 31, 2026.
€ 33.3 million
▲ 293% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.7 million
▲ € 3.6 million vs 2024
Profit after tax over the fiscal year.
€ 90,182
▼ 50% 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 € 25.4 million.
People and assets in 2025
0.8
Average over the fiscal year, from the social balance sheet.
€ 117,088
▲ 13% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 184,807
▲ 151% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21.7 million
▲ 68% vs 2024
€ 778,318 is repaid this year. At this pace the long-term loan is gone in ≈ 22 years.
€ 495,341
▲ € 466,911 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 116,379
▲ 177% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 594,253 | € 794,299 | € 770,062 | € 6,329,921 | ▲ € 5.6 million |
| Profit after taxes | € -258,663 | € 228,716 | € 89,083 | € 3,711,325 | ▲ € 3.6 million |
| Equity | € 8,158,467 | € 8,387,184 | € 8,476,267 | € 33,313,594 | ▲ 293% |
| Total debts | € 11,625,206 | € 13,061,850 | € 14,343,520 | € 27,926,740 | ▲ 95% |
| Cash | € 2,522,298 | € 2,064,418 | € 181,243 | € 90,182 | ▼ 50% |
| Land & buildings | € 12,331,383 | € 11,601,428 | € 13,440,660 | € 33,208,386 | ▲ 147% |
| Retained profit | € 1,140,534 | € 1,369,251 | € 1,458,334 | € 25,389,886 | ▲ € 23.9 million |
| Bank debt | € 10,268,581 | € 12,101,059 | € 12,918,056 | € 21,711,158 | ▲ 68% |
| Balance sheet total | € 22,060,844 | € 23,680,661 | € 24,984,654 | € 64,729,827 | ▲ 159% |
| Employees (FTE) | 0 | 0 | 0.8 | 0.8 |
Key figures of CENEL, 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 CENEL?
What happened at CENEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.7 million (▲ € 3.6 million vs 2024). filed late Source: NBB ↗
- Sophie Geurts became a director. NBB
- Alex Geurts became a director. NBB
- New establishment in Zoersel. KBO
- Start of the company according to the CBE. KBO
In short
From € 258,663 loss in 2022 to € 3.7 million profit in 2025.
Paid € 75,885 in corporate taxes since 2022.
Best year ever: 2025, with € 3.7 million profit.
A new publication or filing at CENEL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of IMMOWE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CENELBehind CENEL are Sophie Geurts and Alex Geurts. The shares are held by IMMOWE (57.2%). It owns 100% of Cenbuild, 81% of Cenproperties, 50% of Cenenergy, 50% of Vacobel, 50% of Cenjor-Invest and 35.7% of CenRent itself.
Directors
According to the 2025 annual accounts
since 2026
Alex Geurts
Director
Also active at: CENJOR-INVEST, CENIM, CENSTABLES, IMMOWE, CenRent, VACOBEL, CENBUILD, CenProperties
since 2021
Shareholders
57.2%
Participations
Establishments
Establishment units
Physical locations of this company
Halle-Velden 109
2980 Zoersel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CENJOR-INVEST same network
€ 33,121 gross margin · 2025
IMMOWE same network
€ 263,097 gross margin · 2025
Cenconstruct Sint Amands
Future Proof Properties
AB Group
+3 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
- 0771.904.125
- VAT number
- BE 0771.904.125
- Registered office
- Halle-Velden 109, 2980 Zoersel
- Names & denominations
- CENEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Handel in eigen onroerend goed
Activiteiten van holdings
Holdings