C Services
ActiveSummary
C Services has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €569,271 and a net result of €91,166. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 92% of 9,674 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00474342.
Equity
€569,271▲ 7.4%
2024 · €530,105
Total assets
€660,248▲ 3.6%
2024 · €637,343
Net result
€91,166▼ 13.8%
2024 · €105,773
Working capital
€131,470▼ 15.5%
2024 · €155,627
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€32,954
2025
Net result€91,166
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€660,248
2025
Equity€569,271
2025
Debt€90,977
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€131,470
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)13.8%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency86.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.45
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€54,465-€101,661▲ 86.7%€74,470▼ 26.7%€90,351▲ 21.3%€191,754▲ 112%€175,939▼ 8.2%€57,881▼ 67.1%€32,954▼ 43.1%
Net result€38,923-€73,286▲ 88.3%€52,595above the sector's middle half▼ 28.2%€63,664within the sector's middle half▲ 21.0%€131,329above the sector's middle half▲ 106%€135,361above the sector's middle half▲ 3.1%€105,773within the sector's middle half▼ 21.9%€91,166within the sector's middle half▼ 13.8%
Equity€104,096-€177,382▲ 70.4%€229,977above the sector's middle half▲ 29.7%€293,641within the sector's middle half▲ 27.7%€398,970within the sector's middle half▲ 35.9%€497,332above the sector's middle half▲ 24.7%€530,105within the sector's middle half▲ 6.6%€569,271within the sector's middle half▲ 7.4%
Total assets€279,870-€343,268▲ 22.7%€417,174above the sector's middle half▲ 21.5%€369,752below the sector's middle half▼ 11.4%€512,225within the sector's middle half▲ 38.5%€564,691above the sector's middle half▲ 10.2%€637,343within the sector's middle half▲ 12.9%€660,248within the sector's middle half▲ 3.6%
Debt€175,774-€165,885▼ 5.6%€187,196▲ 12.8%€76,110▼ 59.3%€113,255▲ 48.8%€67,359▼ 40.5%€107,238▲ 59.2%€90,977▼ 15.2%
Working capital€70,075-€121,099▲ 72.8%€179,109above the sector's middle half▲ 47.9%€254,548within the sector's middle half▲ 42.1%€317,919within the sector's middle half▲ 24.9%€230,618above the sector's middle half▼ 27.5%€155,627within the sector's middle half▼ 32.5%€131,470within the sector's middle half▼ 15.5%
Solvency37.2%-51.7%▲ 14.5pp55.1%within the sector's middle half▲ 3.5pp79.4%above the sector's middle half▲ 24.3pp77.9%above the sector's middle half▼ 1.5pp88.1%above the sector's middle half▲ 10.2pp83.2%above the sector's middle half▼ 4.9pp86.2%above the sector's middle half▲ 3.0pp
Current ratio1.40-1.73▲ 0.341.97within the sector's middle half▲ 0.234.44above the sector's middle half▲ 2.473.81above the sector's middle half▼ 0.634.45above the sector's middle half▲ 0.642.45within the sector's middle half▼ 2.002.45within the sector's middle half=
Return on assets (ROA)13.9%-21.3%▲ 7.4pp12.6%within the sector's middle half▼ 8.7pp17.2%above the sector's middle half▲ 4.6pp25.6%above the sector's middle half▲ 8.4pp24.0%above the sector's middle half▼ 1.7pp16.6%above the sector's middle half▼ 7.4pp13.8%above the sector's middle half▼ 2.8pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660,248
Fixed assets
€438,386 ▲ 17.0%
Current assets
€221,861 ▼ 15.5%
Equity and liabilities €660,248
Equity
€569,271 ▲ 7.4%
Debt
€90,977 ▼ 15.2%
Debt's share of the balance-sheet total falls from 16.8% to 13.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€38,644▼
2024 · €75,996
Cash flow
€96,856▼
2024 · €123,888
Quick ratio
2.20▼
2024 · 2.24
Debt to equity
0.16▼
2024 · 0.20
ROE
16.0%▼
2024 · 20.0%
Interest coverage
11.72▼
2024 · 86.30
Debt ≤ 1 year
€90,392▼
2024 · €106,977
Income taxes
€16,099▼
2024 · €22,941
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,664 | €14,797 | - | €1,241 | €5,886 | ▲ 374% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,654 | €24,069 | €21,679 | €17,941 | €10,309 | €17,884 | €18,115 | €5,690 | ▼ 68.6% |
| Other operating charges640/8 | - | - | - | €1,318 | €1,581 | €5,009 | €629 | €659 | ▲ 4.7% |
| Gross operating margin9900 | €74,542 | €131,006 | €112,571 | €109,611 | €203,644 | €198,833 | €76,625 | €39,303 | ▼ 48.7% |
| Operating profit (loss)9901 | €54,465 | €101,661 | €74,470 | €90,351 | €191,754 | €175,939 | €57,881 | €32,954 | ▼ 43.1% |
| Financial income75/76B | - | - | - | €57 | €77 | €17,237 | €71,714 | €77,609 | ▲ 8.2% |
| Recurring financial income75 | €2,938 | €287 | €3,712 | €57 | €77 | €435 | €71,714 | €77,154 | ▲ 7.6% |
| Non-recurring financial income76B | - | - | - | - | - | €16,803 | - | €455 | - |
| Financial charges65/66B | - | - | - | €1,401 | €2,521 | €571 | €881 | €3,298 | ▲ 274% |
| Recurring financial charges65 | €4,205 | €3,783 | €3,312 | €1,401 | €2,521 | €571 | €881 | €3,298 | ▲ 274% |
| Profit (loss) for the period before taxes9903 | €53,198 | €106,164 | €74,871 | €89,007 | €189,309 | €192,606 | €128,715 | €107,266 | ▼ 16.7% |
| Income taxes67/77 | €14,275 | €32,878 | €22,276 | €25,343 | €57,980 | €57,244 | €22,941 | €16,099 | ▼ 29.8% |
| Profit (loss) for the period9904 | €38,923 | €73,286 | €52,595 | €63,664 | €131,329 | €135,361 | €105,773 | €91,166 | ▼ 13.8% |
| Profit (loss) for the period to be appropriated9905 | €38,923 | €73,286 | €52,595 | €63,664 | €131,329 | €135,361 | €105,773 | €91,166 | ▼ 13.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €279,870 | €343,268 | €417,174 | €369,752 | €512,225 | €564,691 | €637,343 | €660,248 | ▲ 3.6% |
| Fixed assets21/28 | €34,021 | €57,334 | €52,757 | €41,174 | €81,286 | €267,289 | €374,739 | €438,386 | ▲ 17.0% |
| Tangible fixed assets22/27 | €34,021 | €57,334 | €52,757 | €41,174 | €81,286 | €67,289 | €49,739 | €13,386 | ▼ 73.1% |
| Land and buildings22 | - | - | - | €4,315 | €3,321 | €2,328 | €1,334 | €340 | ▼ 74.5% |
| Plant, machinery and equipment23 | - | - | - | €2,586 | €1,635 | €4,097 | €2,954 | €2,910 | ▼ 1.5% |
| Furniture and vehicles24 | - | - | - | €15,575 | €60,220 | €47,344 | €34,519 | €1,792 | ▼ 94.8% |
| Other tangible fixed assets26 | - | - | - | €18,698 | €16,110 | €13,521 | €10,932 | €8,344 | ▼ 23.7% |
| Financial fixed assets28 | - | - | - | - | - | €200,000 | €325,000 | €425,000 | ▲ 30.8% |
| Current assets29/58 | €245,849 | €285,934 | €364,417 | €328,577 | €430,939 | €297,402 | €262,604 | €221,861 | ▼ 15.5% |
| Stocks and contracts in progress3 | €75,921 | €61,821 | €61,911 | €82,843 | €109,852 | €53,316 | €22,691 | €23,160 | ▲ 2.1% |
| Stocks30/36 | - | - | - | €82,843 | €109,852 | €53,316 | €22,691 | €23,160 | ▲ 2.1% |
| Amounts receivable within one year40/41 | €54,694 | €45,476 | €47,171 | €135,158 | €45,243 | €119,258 | €55,569 | €26,524 | ▼ 52.3% |
| Trade receivables40 | - | - | - | €123,497 | €24,340 | €93,281 | €42,225 | €16,460 | ▼ 61.0% |
| Other amounts receivable41 | - | - | - | €11,662 | €20,903 | €25,978 | €13,344 | €10,065 | ▼ 24.6% |
| Cash at bank and in hand54/58 | €93,841 | €175,844 | €230,639 | €107,422 | €272,625 | €121,376 | €180,295 | €168,403 | ▼ 6.6% |
| Deferred charges and accrued income490/1 | - | - | - | €3,155 | €3,218 | €3,452 | €4,048 | €3,775 | ▼ 6.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €279,870 | €343,268 | €417,174 | €369,752 | €512,225 | €564,691 | €637,343 | €660,248 | ▲ 3.6% |
| Equity10/15 | €104,096 | €177,382 | €229,977 | €293,641 | €398,970 | €497,332 | €530,105 | €569,271 | ▲ 7.4% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €91,696 | €164,982 | €217,577 | €281,241 | €386,570 | €484,932 | €517,705 | €556,871 | ▲ 7.6% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | - | €279,386 | €384,715 | €484,932 | €517,705 | €556,871 | ▲ 7.6% |
| Amounts payable17/49 | €175,774 | €165,885 | €187,196 | €76,110 | €113,255 | €67,359 | €107,238 | €90,977 | ▼ 15.2% |
| Amounts payable within one year42/48 | €175,774 | €164,835 | €185,308 | €74,029 | €113,020 | €66,784 | €106,977 | €90,392 | ▼ 15.5% |
| Trade debts44 | €106,839 | €119,511 | €147,577 | €54,853 | €70,014 | €26,245 | €28,615 | €36,300 | ▲ 26.9% |
| Suppliers440/4 | - | - | - | €54,853 | €70,014 | €26,245 | €28,615 | €36,300 | ▲ 26.9% |
| Taxes, remuneration and social security45 | - | - | - | €3,318 | €4,087 | €3,539 | €5,362 | €2,091 | ▼ 61.0% |
| Taxes450/3 | - | - | - | €3,318 | €344 | €3,539 | €3,583 | €1,506 | ▼ 58.0% |
| Remuneration and social security454/9 | - | - | - | - | €3,743 | - | €1,779 | €585 | ▼ 67.1% |
| Other amounts payable47/48 | - | - | - | €15,859 | €38,918 | €37,000 | €73,000 | €52,000 | ▼ 28.8% |
| Accrued charges and deferred income492/3 | - | - | - | €2,081 | €235 | €576 | €261 | €585 | ▲ 124% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,923 | €73,286 | €52,595 | €63,664 | €131,329 | €135,361 | €105,773 | €91,166 | ▼ 13.8% |
| + Depreciation and write-downs630 | €18,654 | €24,069 | €21,679 | €17,941 | €10,309 | €17,884 | €18,115 | €5,690 | ▼ 68.6% |
| Operating cash flow (approximation) | €57,577 | €97,355 | €74,274 | €81,605 | €141,638 | €153,245 | €123,888 | €96,856 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€47,382 | -€17,102 | -€6,359 | -€50,421 | -€203,887 | -€125,565 | -€69,337 | ▲ 44.8% |
| Change in cash | - | €82,002 | €54,795 | -€123,217 | €165,204 | -€151,249 | €58,919 | -€11,892 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 28-08-2026 | 2026-00474342 |
| 31-12-2024 | abbreviated format | 28-08-2025 | 2025-00425024 |
| 31-12-2023 | micro format | 27-08-2024 | 2024-00387590 |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00380727 |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20180302 |
| 31-12-2020 | micro format | 29-09-2021 | 2021-69400511 |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73000133 |
| 31-12-2018 | micro format | 13-08-2019 | 2019-45900383 |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23100370 |
| 31-12-2016 | micro format | 31-08-2017 | 2017-56200077 |
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Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.