COMPAGNIE DES CIMENTS BELGES
ActiveCOMPAGNIE DES CIMENTS BELGES has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438.22M and a net result of €51.68M. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 65 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+1
Solvency100=
Growth66▼-1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 2.82 against 2.39 in 2024; short-term debt: 18% and cash: 29.2% of total assets), and 20.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.8%
Return on assets
9.4%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-04-2026, 92 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
92 d early
2024
76 d early
2023
92 d early
2022
102 d early
2021
101 d early
2020
96 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, consolidated, statutory
Turnover
€298.33M▼ 3.2%
2024 · €308.31M
2018: €241.84M
2019: €234.40M
2020: €229.98M
2021: €249.01M
2022: €306.49M
2023: €331.31M
2024: €308.31M
2018 → 2025
EBIT margin
23.9%▲ 7.3pp
2024 · 16.6%
2018: 9.8%
2019: 11.3%
2020: 11.7%
2021: 12.5%
2022: 13.7%
2023: 19.5%
2024: 16.6%
2018 → 2025
Net result
€51.68M▲ 36.8%
2024 · €37.78M
2018: €11.61M
2019: €13.18M
2020: €15.01M
2021: €23.12M
2022: €28.54M
2023: €49.29M
2024: €37.78M
2018 → 2025
Working capital
€180.54M▲ 57.8%
2024 · €114.40M
2018: €54.77M
2019: €52.56M
2020: €50.25M
2021: €38.48M
2022: €58.13M
2023: €103.60M
2024: €114.40M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€249.01M-€306.49M▲ 23.1%€331.31M▲ 8.1%€308.31M▼ 6.9%€298.33M▼ 3.2%
Equity€261.11M-€289.65M▲ 10.9%€338.94M▲ 17.0%€376.72M▲ 11.1%€438.22M▲ 16.3%
Operating result€31.16M-€42.03M▲ 34.9%€64.62M▲ 53.8%€51.19M▼ 20.8%€71.29M▲ 39.2%
Net result€23.12M-€28.54M▲ 23.4%€49.29M▲ 72.8%€37.78M▼ 23.4%€51.68M▲ 36.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €549.35M
Fixed assets
€269.83M▼ 0.2%
Current assets
€279.52M▲ 42.2%
Equity and liabilities €549.35M
Equity
€438.22M▲ 16.3%
Provisions
€12.10M▲ 51.7%
Debt
€99.04M▲ 20.4%
The debt ratio rises from 17.6% to 18.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€101.62M▲
2024 · €73.73M
Cash flow
€82.01M▲
2024 · €60.31M
Solvency
79.8%▼
2024 · 80.7%
Current ratio
2.82▲
2024 · 2.39
Quick ratio
2.34▲
2024 · 1.97
Debt / equity
0.23▲
2024 · 0.22
ROE
11.8%▲
2024 · 10.0%
ROA
9.4%▲
2024 · 8.1%
Interest coverage
1180.67▲
2024 · 981.58
Debt
€99.04M▲
2024 · €82.27M
Debt ≤ 1 year
€98.99M▲
2024 · €82.11M
Debt > 1 year
€46k▼
2024 · €167k
Income taxes
€19.40M▲
2024 · €14.71M
Staff costs
€36.43M▼
2024 · €36.47M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€466.97M€549.35M▲
Fixed assets21/28€270.46M€269.83M▼
Intangible fixed assets21€73.97M€74.71M▲
Tangible fixed assets22/27€144.87M€143.49M▼
Land and buildings22€22.12M€37.43M▲
Plant, machinery and equipment23€44.76M€82.61M▲
Furniture and vehicles24€1.59M€1.33M▼
Leasing and similar rights25€463k€233k▼
Other tangible fixed assets26€359k€322k▼
Assets under construction and advance payments27€75.59M€21.56M▼
Financial fixed assets28€51.62M€51.63M=
Affiliated companies280/1€51.54M€51.54M=
Participating interests280€51.54M€51.54M=
Other financial fixed assets284/8€84k€87k▲
Shares284€61k€61k=
Amounts receivable and cash guarantees285/8€22k€26k▲
Current assets29/58€196.51M€279.52M▲
Amounts receivable after more than one year29€100k-
Other amounts receivable291€100k-
Stocks and contracts in progress3€35.13M€47.75M▲
Stocks30/36€35.13M€47.75M▲
Raw materials and consumables30/31€19.41M€20.57M▲
Work in progress32€8.90M€20.34M▲
Finished goods33€6.81M€6.84M▲
Amounts receivable within one year40/41€41.35M€70.58M▲
Trade receivables40€39.13M€29.80M▼
Other amounts receivable41€2.22M€40.77M▲
Cash at bank and in hand54/58€119.11M€160.46M▲
Deferred charges and accrued income490/1€820k€740k▼
Equity and liabilities
Total equity and liabilities10/49€466.97M€549.35M▲
Equity10/15€376.72M€438.22M▲
Contributions10/11€205.50M€205.50M=
Capital10€179.34M€179.34M=
Issued capital100€179.34M€179.34M=
Outside capital11€26.15M€26.15M=
Share premium1100/10€26.15M€26.15M=
Reserves13€13.59M€17.99M▲
Non-distributable reserves130/1€13.59M€16.18M▲
Legal reserve130€13.59M€16.18M▲
Tax-exempt reserves132-€1.81M
Profit (loss) carried forward14€157.63M€204.91M▲
Investment grants15-€9.82M
Provisions and deferred taxes16€7.98M€12.10M▲
Provisions for liabilities and charges160/5€7.98M€8.22M▲
Pensions and similar obligations160€5.18M€5.47M▲
Other liabilities and charges164/5€2.80M€2.76M▼
Deferred taxes168-€3.88M
Amounts payable17/49€82.27M€99.04M▲
Amounts payable after more than one year17€167k€46k▼
Financial debts170/4€167k€46k▼
Leasing and similar obligations172€167k€46k▼
Amounts payable within one year42/48€82.11M€98.99M▲
Current portion of amounts payable after more than one year42€194k€120k▼
Trade debts44€69.53M€65.84M▼
Suppliers440/4€69.53M€65.84M▼
Taxes, remuneration and social security45€12.39M€15.58M▲
Taxes450/3€2.11M€4.51M▲
Remuneration and social security454/9€10.27M€11.07M▲
Other amounts payable47/48€399€17.46M▲
Income statement
Code20242025
Operating income70/76A€313.82M€338.02M▲
Turnover70€308.31M€298.33M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-5k€11.46M▲
Other operating income74€5.52M€5.80M▲
Non-recurring operating income76A-€22.41M
Operating charges60/66A€262.62M€266.73M▲
Goods for resale, raw materials and consumables60€128.91M€125.67M▼
Purchases600/8€126.17M€127.01M▲
Change in stocks: decrease (increase)609€2.74M€-1.34M▼
Services and other goods61€66.88M€68.82M▲
Remuneration, social security and pensions62€36.47M€36.43M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22.53M€30.33M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1.35M€24k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€80k€246k▲
Other operating charges640/8€5.28M€5.20M▼
Non-recurring operating charges66A€3.82M-
Operating profit (loss)9901€51.19M€71.29M▲
Financial income75/76B€3.06M€2.12M▼
Recurring financial income75€3.06M€2.12M▼
Income from financial fixed assets750€360k€62k▼
Income from current assets751€2.59M€1.46M▼
Other financial income752/9€112k€597k▲
Financial charges65/66B€1.76M€1.89M▲
Recurring financial charges65€1.76M€1.89M▲
Debt charges650€75k€86k▲
Other financial charges652/9€1.69M€1.80M▲
Profit (loss) for the period before taxes9903€52.49M€71.51M▲
Transfer from deferred taxes780-€167k
Transfer to deferred taxes680-€603k
Income taxes67/77€14.71M€19.40M▲
Taxes670/3€16.24M€20.80M▲
Tax adjustments and reversals of tax provisions77€1.53M€1.40M▼
Profit (loss) for the period9904€37.78M€51.68M▲
Transfer to tax-exempt reserves689-€1.81M
Profit (loss) for the period to be appropriated9905€37.78M€49.87M▲
Appropriation of the result
Profit (loss) to be appropriated9906€159.52M€207.50M▲
Profit (loss) brought forward from the previous period14P€121.74M€157.63M▲
Transfer to equity691/2€1.89M€2.59M▲
To the legal reserve6920€1.89M€2.59M▲
Social balance
Average headcount (FTE)9087354.4351.7▼
The notes to these accounts (102 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €51.68M ▲36.8%
Operating result €71.29M, net result €51.68M, both a record.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €250MEq €254.99M ▲6.3%
3 profitable years in a row build equity to €254.99M.
2016
21-10
State Gazette act
General meeting · Director appointment
Purpose change · Statutes amendment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-04-2026
Eddy Fostier: Resigned as Manager
06-04-2023
Cesar: Resigned as Director
11-05-2018
Piero CORPINA: Resigned as Director
09-07-2017
Bernard Decléty: Resigned as Director
09-01-2017
Søren Vinther: Resigned as Director
25-10-2016
Eddy Fostier: Resigned as Director
25-10-2016
Compagnie Financière et de Participations SA: Resigned as Director
25-10-2016
Menaf SAS: Resigned as Director
25-10-2016
Tercim SAS: Resigned as Director
Location & real-estate footprint
Registered office, Tournai · 10 establishment units since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Grand'Route(G-R) 2607530 TournaiGround area
3.2 ha
Building footprint
2,277 m²
Volume, LiDAR
8,276 m³
9 parcels, Brussels, Flanders, Wallonia · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.
10 establishment units
Gaurain
since 19922.056.304.780
Havenlaan 79 A, 1000 Brussel
since 19922.056.303.790
Soignies
since 19922.056.304.483
Brakelsesteenweg zn, 9400 Ninove
since 19922.056.304.681
Rue des Sablières 2, 1435 Mont-Saint-Guibert
since 19922.056.304.582
Route de Châtelet 405, 6010 Charleroi
since 19922.056.304.186
Show 4 more locations
Carriére d'Antour (R-C) sn, 7520 Tournai
since 19922.056.304.879
Ghislenghien
since 19962.142.846.004
Quai de la Darse(B) SN, 7331 Saint-Ghislain
since 20112.219.534.994
Rue de la Guérison(ROU) 1, 7601 Péruwelz
since 20112.219.535.291
9 parcels
Flanders
1
(11.1%)
Wallonia
7
(77.8%)
Brussels
1
(11.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51024A0445/00E000 | Wallonia | 1.0 ha | 1 · 564 m² | 7.0 m · 2 fl. |
| 57033B0413/00B002 | Wallonia | 8,414 m² | 1 · 1,014 m² | - |
| 53058A0688/00A000 | Wallonia | 6,111 m² | - | - |
| 41003A0163/00C000 | Flanders | 2,472 m² | 1 · 36 m² | - |
| 25068B0192/00H000 | Wallonia | 1,650 m² | 1 · 213 m² | 8.6 m · 2 fl. |
| 57069A0485/00C000 | Wallonia | 1,213 m² | - | - |
| 57071A0123/00D002 | Wallonia | 861 m² | 1 · 168 m² | 8.7 m · 2 fl. |
| 21814P0421/00W006 | Brussels | 318 m² | 1 · 243 m² | 17.4 m · 3 fl. |
| 52014C0017/00N005 | Wallonia | 170 m² | 1 · 40 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 8
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| PwC Réviseurs d'Entreprises SRL Statutory auditor · represented by Romain Seffer | - → 01-07-2025 |
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Of 57 companies in sector 08112 we hold annual accounts for 49. 2 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-04-1979
Fiscal year end31-12
Abbreviation FR
C.C.B
Activities, NACEBEL
08112Other mining and quarrying
14121
23510Manufacture of other non-metallic mineral products
23630Manufacture of other non-metallic mineral products
23700Cutting, shaping and finishing of stone
Sources
Crossroads Bank for EnterprisesNational Bank · 60 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.