CM4S
Annual accounts 2025
abbreviated format, filed on 06-03-2026, 147 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €170,000. Estimated: probably between €140,000 and €220,000.
Balance sheet
balance sheet total €264,241 on 31-12-2025in euro
in euro
Position in the sector
7.7%
Higher than 14% of 10,856 companies in 2025.
0.62
Higher than 26% of 10,478 companies in 2025.
23.7%
Higher than 84% of 10,725 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
264,241 | 309,876 | 328,832 | |
21/28 |
175,974 | 185,824 | 196,366 | |
22/27 |
175,974 | 185,824 | 196,366 | |
22 |
163,732 | 169,413 | 175,095 | |
23 |
5,730 | 10,087 | 15,816 | |
24 |
6,512 | 6,324 | 5,456 | |
29/58 |
88,267 | 124,052 | 132,466 | |
40/41 |
21,393 | 34,364 | 34,652 | |
40 |
21,393 | 34,364 | 34,652 | |
54/58 |
66,230 | 87,209 | 97,814 | |
490/1 |
644 | 2,479 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
264,241 | 309,876 | 328,832 | |
10/15 |
20,460 | 75,396 | 123,121 | |
10/11 |
18,600 | 18,600 | 18,600 | |
11 |
18,600 | 18,600 | 18,600 | |
1109/19 |
18,600 | 18,600 | 18,600 | |
13 |
1,860 | 56,796 | 104,521 | |
130/1 |
1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | 1,860 | |
133 |
- | 54,936 | 102,661 | |
17/49 |
243,781 | 234,479 | 205,711 | |
17 |
100,238 | 109,734 | 119,107 | |
170/4 |
100,238 | 109,734 | 119,107 | |
42/48 |
142,588 | 123,790 | 85,683 | |
42 |
9,496 | 9,373 | 9,253 | |
44 |
1,142 | 1,103 | 1,075 | |
440/4 |
1,142 | 1,103 | 1,075 | |
45 |
11,904 | 11,746 | 11,965 | |
450/3 |
11,904 | 11,746 | 11,965 | |
47/48 |
120,046 | 101,568 | 63,391 | |
492/3 |
955 | 955 | 920 | |
| Income statement | ||||
76A |
- | - | 398 | |
9900 |
104,942 | 97,258 | 98,414 | |
630 |
13,508 | 12,719 | 12,112 | |
640/8 |
4,349 | 4,223 | 1,542 | |
9901 |
87,085 | 80,316 | 84,760 | |
65/66B |
5,564 | 6,478 | 3,092 | |
65 |
5,564 | 6,478 | 3,092 | |
9903 |
81,521 | 73,838 | 81,668 | |
67/77 |
18,921 | 15,609 | 16,986 | |
9904 |
62,600 | 58,229 | 64,682 | |
9905 |
62,600 | 58,229 | 64,682 | |
| Appropriation of the result | ||||
9906 |
62,600 | 58,229 | 64,682 | |
791/2 |
54,936 | 47,725 | - | |
694/7 |
117,536 | 105,953 | 64,682 | |
694 |
117,536 | 105,953 | 64,682 | |
| Document | ||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 06-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 100,593 | 93,035 | 96,872 | ||
| 76,108 | 70,947 | 76,794 | ||
| 3,658 | 2,177 | 6,158 | ||
| -20,979 | -10,605 | - | ||
| -54,320 | 261 | 46,782 | ||
| 7.7% | 24.3% | 37.4% | ||
| 0.62 | 1.00 | 1.55 | ||
| 11.92 | 3.11 | 1.67 | ||
| 306.0% | 77.2% | 52.5% | ||
| 23.7% | 18.8% | 19.7% | ||
| 18.08 | 14.36 | 31.33 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €3,658 | €2,177 | €6,158 |
| €13,508 | €12,719 | €12,112 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on CM4S
The operating result for 2025 is 8% higher than in 2024 and the highest since 2023. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 75.7% to 92.3%. Equity is lower and debt is higher.