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C.S.M.

Active
Public limited companyfounded 197649 yrs activeHamonterweg 103, 3930 Hamont-Achel, BelgiumKBO/BCE: BE 0416.505.231
Summary

C.S.M. has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.1m and a net result of €6.2m. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 75% of 817 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
C.S.M.ActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of metal structures and parts of structures
NACE 25110Manufacture of machinery and equipment not elsewhere classified NACE 28110
#3 oldest company in Hamont-Achel, Manufacturing sector2 sites
Size
€32.4mturnover 2025
Staff
127.6 FTE
Equity
€15.1m
Profit
€6.2m
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
OAK STEEL · 100%
Accounts 70 d early0 of 18 deeds read
Why 97+ Founded in 1976+ Size: turnover €32.4m, 127.6 FTE, total assets €22.7m+ Profit of €6.2m (FY 2025)+ Equity €15.1m (66.6% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 79% of its sector peers (NACE 25, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 92+12
equity 66.6% of total assets
Liquidity 43+7
short-term debt 31.3% · cash 5.3%
Profitability 100+27
return on assets 27.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (133 companies)
Last 24 months 11-2024: 0.1%highest value 12-2024: 0.1%● 0.0% vs 11-2024highest value 01-2025: 0.1%● 0.0% vs 12-2024highest value 02-2025: 0.1%▼ -4.4% vs 01-2025 03-2025: 0.1%● 0.0% vs 02-2025 04-2025: 0.1%▼ -1.8% vs 03-2025 05-2025: 0.1%▲ +5.6% vs 04-2025 06-2025: 0.1%▼ -5.3% vs 05-2025 07-2025: 0.1%● 0.0% vs 06-2025 08-2025: 0.1%● 0.0% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%● 0.0% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%● 0.0% vs 12-2025 02-2026: 0.1%▼ -4.7% vs 01-2026 03-2026: 0.1%● 0.0% vs 02-2026 04-2026: 0.1%▼ -1.0% vs 03-2026 05-2026: 0.1%▲ +5.0% vs 04-2026 06-2026: 0.1%▼ -13.2% vs 05-2026lowest value 07-2026: 0.1%● 0.0% vs 06-2026lowest value 08-2026: 0.1%● 0.0% vs 07-2026lowest value 09-2026: 0.1%● 0.0% vs 08-2026lowest value 10-2026: 0.1%● 0.0% vs 09-2026lowest value
  • Founded in 1976 lowers the probability for this profile
  • Size: turnover €32.4m, 127.6 FTE, total assets €22.7m lowers the probability for this profile
  • Profit of €6.2m (FY 2025) lowers the probability
  • Equity €15.1m (66.6% of total assets) lowers the probability
Credit up to €1,450,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.09 in 2024; short-term debt: 31.3% and cash: 5.3% of total assets), and 33.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, medium-sized). Better than this share of them on solvency 84%, liquidity 59%, profitability 100%, growth against the median 72%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Founded in 1976
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €32.4m, 127.6 FTE, total assets €22.7m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Profit of €6.2m (FY 2025)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €15.1m (66.6% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
70 d early
2024
70 d early
2023
62 d early
2022
46 d early
2021
39 d early
2020
38 d early
2019
57 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 55 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Highest result since 2018net €6.2m ▲229%
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Result rose in 2025from €1.9m to €6.2m ▲ 229% View
  • Positive: Among the best 5% on net resultsector median €81,282 · 817 companies €6.2m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €6.2m 8 years View
  • Controlled by OAK STEELultimately: Consortium B-Steel en B-Real… 100% View
  • Active since 1976founded 04-11-1976 49 years View
  • Flemish supportawarded 2022 - 2025 €71,268 View

By topic

Financials

Fiscal year
2025
Turnover
€32.4m
Profit
€6.2m
Solvency
66.6%
Turnover▲ 12.0%
Net result
20182025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-07-2027
  1. 22-05-2026Annual accounts filed
  2. 31-12-2025Highest result since 2018
  3. 22-05-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of metal structures and parts of structuresNACE 25110
Founded
04-11-1976
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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