CMD PARTNERS (0829.098.095): financials and annual accounts

CMD PARTNERS

Watermael-Boitsfort ·KBO/BCE: BE 0829.098.095

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
Total assets`20/58`	407,404	411,107	403,170	397,154	427,526	424,994	436,197	455,292	102,336	113,593	74,164	63,649	44,796	35,851	37,286
Fixed assets`21/28`	264,228	273,593	285,233	297,964	310,695	322,225	337,200	341,431	3,175	5,438	4,189	8,971	12,850	16,346	17,960
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	162	325	487	649	294	587	-
Tangible fixed assets`22/27`	258,680	268,272	279,868	292,599	305,330	316,794	331,769	341,321	2,903	5,003	3,592	8,212	12,446	15,649	17,850
Land and buildings`22`	256,410	267,516	279,621	291,725	303,829	315,933	328,037	338,100	-	-	-	-	-	-	-
Furniture and vehicles`24`	2,270	756	247	874	1,501	861	3,732	3,221	2,903	5,003	1,195	3,414	5,247	6,049	5,850
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	-	2,397	4,798	7,199	9,600	12,000
Financial fixed assets`28`	5,548	5,321	5,365	5,365	5,365	5,431	5,431	110	110	110	110	110	110	110	110
Current assets`29/58`	143,176	137,514	117,937	99,190	116,831	102,769	98,997	113,861	99,161	108,155	69,975	54,678	31,946	19,505	19,326
Amounts receivable within one year`40/41`	104,561	83,753	93,049	81,184	98,507	94,820	80,987	102,824	58,401	87,721	57,459	43,481	16,647	15,534	15,298
Trade receivables`40`	104,291	83,483	93,028	81,163	98,066	94,820	80,865	80,787	58,185	87,721	57,459	38,357	15,281	15,463	15,298
Other amounts receivable`41`	270	270	21	21	441	-	122	22,037	216	-	-	5,124	1,366	71	-
Cash at bank and in hand`54/58`	37,105	53,517	24,888	18,006	18,324	7,949	15,685	8,969	39,493	20,373	11,572	10,843	14,237	2,931	4,028
Deferred charges and accrued income`490/1`	1,510	244	-	-	-	-	2,325	2,068	1,267	61	944	354	1,062	1,040	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	407,404	411,107	403,170	397,154	427,526	424,994	436,197	455,292	102,336	113,593	74,164	63,649	44,796	35,851	37,286
Equity`10/15`	90,729	66,981	63,175	57,865	54,597	44,386	41,623	33,450	48,566	47,735	41,496	33,422	26,828	20,112	19,575
Contributions`10/11`	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000	17,000
Capital`10`	-	-	17,000	17,000	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000	20,000
Uncalled capital`101`	-	-	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000
Reserves`13`	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
Non-distributable reserves`130/1`	2,000	2,000	2,000	2,000	2,000	2,000	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000
Reserves not available under the articles`1311`	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	71,729	47,981	44,175	38,865	35,597	25,386	22,623	14,450	29,566	28,735	22,496	14,422	7,828	1,112	575
Amounts payable`17/49`	316,675	344,126	339,995	339,289	372,929	380,608	394,574	421,842	53,770	65,858	32,668	30,227	17,968	15,739	17,711
Amounts payable after more than one year`17`	175,159	197,034	218,395	239,239	259,607	279,495	298,917	317,862	-	-	-	-	-	261	-
Financial debts`170/4`	175,159	197,034	218,395	239,239	259,607	279,495	298,917	317,862	-	-	-	-	-	261	-
Amounts payable within one year`42/48`	141,516	147,092	120,423	100,050	113,322	101,113	95,657	103,980	53,770	65,858	32,596	30,227	17,968	15,478	17,711
Current portion of amounts payable after more than one year`42`	21,875	21,361	20,844	20,368	19,889	19,422	18,945	18,518	-	-	-	-	261	1,524	-
Financial debts`43`	-	-	-	-	-	-	-	25,000	-	-	-	-	-	-	-
Credit institutions`430/8`	-	-	-	-	-	-	-	25,000	-	-	-	-	-	-	-
Trade debts`44`	72,791	80,859	53,596	26,351	33,600	39,026	43,787	46,770	50,322	48,333	27,593	23,840	11,512	13,173	12,780
Suppliers`440/4`	72,791	80,859	52,890	26,107	33,356	38,782	43,787	46,770	50,322	48,333	27,593	23,840	11,512	13,173	12,780
Bills of exchange payable`441`	-	-	706	244	244	244	-	-	-	-	-	-	-	-	-
Taxes, remuneration and social security`45`	39,682	37,578	38,373	29,211	35,483	11,224	16,437	8,258	3,448	10,063	5,003	6,387	6,174	626	2,575
Taxes`450/3`	26,292	22,244	21,705	20,075	16,601	4,473	6,775	4,936	2,239	5,505	3,488	3,881	6,174	582	1,984
Remuneration and social security`454/9`	13,390	15,334	16,668	9,136	18,882	6,751	9,662	3,322	1,209	4,558	1,515	2,506	-	44	591
Other amounts payable`47/48`	7,168	7,294	7,610	24,120	24,350	31,441	16,488	5,434	-	7,462	-	-	21	155	2,356
Accrued charges and deferred income`492/3`	-	-	1,177	-	-	-	-	-	-	-	72	-	-	-	-
Income statement
Gross operating margin`9900`	233,649	234,467	194,733	159,239	132,102	116,590	132,513	84,960	51,417	51,441	41,474	38,851	17,866	7,808	10,733
Remuneration, social security and pensions`62`	164,927	191,561	158,479	133,195	95,469	78,059	85,046	57,363	45,625	33,467	25,839	21,847	1,552	1,054	643
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	12,550	12,629	12,731	12,731	13,345	14,975	14,975	67,502	2,263	5,171	4,782	5,994	5,812	5,251	5,023
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	3,663	-	-	-	-	2,100	-	894	-	-	-	-	-	340
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	896	-	-	-	-	-	-	-
Other operating charges`640/8`	16,482	13,687	8,140	780	1,454	11,634	12,417	10,180	824	747	836	758	436	550	784
Operating profit (loss)`9901`	39,690	12,927	15,383	12,533	21,834	11,922	17,975	-50,981	1,811	12,056	10,017	10,252	10,066	953	3,943
Financial income`75/76B`	55	65	20	91	10	3	2	43,846	1,016	5,210	21	115	10	11	3
Recurring financial income`75`	55	65	20	91	10	3	2	43,846	1,016	5,210	21	115	10	11	3
Financial charges`65/66B`	5,517	5,785	6,593	6,915	7,187	7,649	9,134	7,407	1,192	177	211	253	175	291	328
Recurring financial charges`65`	5,517	5,785	6,593	6,915	7,187	7,649	9,134	7,407	1,192	177	211	253	175	291	328
Profit (loss) for the period before taxes`9903`	34,228	7,207	8,810	5,709	14,657	4,276	8,843	-14,542	1,635	17,089	9,827	10,114	9,901	673	3,618
Income taxes`67/77`	9,885	3,400	3,500	2,441	4,446	1,513	670	-	804	3,350	1,753	3,520	3,185	136	1,043
Profit (loss) for the period`9904`	24,343	3,807	5,310	3,268	10,211	2,763	8,173	-14,542	831	13,739	8,074	6,594	6,716	537	2,575
Profit (loss) for the period to be appropriated`9905`	24,343	3,807	5,310	3,268	10,211	2,763	8,173	-14,542	831	13,739	8,074	6,594	6,716	537	2,575
Appropriation of the result
Profit (loss) to be appropriated`9906`	71,729	47,981	44,175	38,865	35,597	25,386	22,623	14,450	29,566	36,235	22,496	14,422	7,828	1,112	2,575
Profit (loss) brought forward from the previous period`14P`	47,386	44,174	38,865	35,597	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	7,500	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	7,500	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	3.4	3.7	2.8	2.5	2	1.8	2	2	1	1	1	1	0.1	0.1	0.1
Hours worked`1013`	6,185	6,346	5,213	4,195	3,534	3,428	3,230	820	1,834	1,519	1,862	1,920	144	160	68
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Financial year	Type	Filed	Reference	Document
30-06-2025	micro format	28-01-2026	2026-00015736	PDF
30-06-2024	micro format	27-01-2025	2025-00010663	PDF
30-06-2023	micro format	26-01-2024	2024-00007068	PDF
30-06-2022	micro format	26-01-2023	2023-00004365	PDF
30-06-2021	micro format	14-02-2022	2022-05500007	PDF
30-06-2020	micro format	09-02-2021	2021-05100010	PDF
30-06-2019	micro format	31-01-2020	2020-03100464	PDF
30-06-2018	micro format	30-01-2019	2019-03400298	PDF
30-06-2017	micro format	30-01-2018	2018-02600596	PDF
30-06-2016	full format	30-01-2017	2017-02400092	PDF
30-06-2015	full format	01-12-2016	2016-68900038	PDF
30-06-2014	full format	07-01-2015	2015-00200513	PDF
30-06-2013	full format	08-01-2014	2014-00300068	PDF
30-06-2012	full format	04-01-2013	2013-00400195	PDF
30-06-2011	full format	28-12-2011	2011-65500242	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
EBITDA	52,240	25,556	28,114	25,264	35,179	26,897	32,950	16,521	4,074	17,227	14,799	16,246	15,878	6,204	8,966
Cash flow	36,893	16,436	18,041	15,999	23,556	17,738	23,148	52,960	3,094	18,910	12,856	12,588	12,528	5,788	7,598
Investment in fixed assets (approximation)	3,363	1,033	0	0	1,881	0	10,744	405,758	0	6,420	0	2,115	2,316	3,637	21,999
Change in cash	-16,412	28,629	6,882	-318	10,375	-7,736	6,716	-30,524	19,120	8,801	729	-3,394	11,306	-1,097	-
Working capital	1,660	-9,578	-2,486	-860	3,509	1,656	3,340	9,881	45,391	42,297	37,379	24,451	13,978	4,027	1,615
Solvency	22.3%	16.3%	15.7%	14.6%	12.8%	10.4%	9.5%	7.3%	47.5%	42.0%	56.0%	52.5%	59.9%	56.1%	52.5%
Current ratio	1.01	0.93	0.98	0.99	1.03	1.02	1.03	1.10	1.84	1.64	2.15	1.81	1.78	1.26	1.09
Debt to equity	3.49	5.14	5.38	5.86	6.83	8.57	9.48	12.61	1.11	1.38	0.79	0.90	0.67	0.78	0.90
ROE	26.8%	5.7%	8.4%	5.6%	18.7%	6.2%	19.6%	-43.5%	1.7%	28.8%	19.5%	19.7%	25.0%	2.7%	13.2%
ROA	6.0%	0.9%	1.3%	0.8%	2.4%	0.7%	1.9%	-3.2%	0.8%	12.1%	10.9%	10.4%	15.0%	1.5%	6.9%
Interest coverage	9.47	4.42	4.26	3.65	-	-	-	-	-	-	-	-	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Employees at the balance-sheet date	3	4	3	2
full-time	3	4	3	2
in full-time equivalents	3	4	3	2
Average over the year, in full-time equivalents	3.4	3.7	2.8	2.5
On a permanent contract	3	4	3	2
Joined	1	2	1	1
Left	2	1	0	1

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	€2,958	€1,033	-	-
Financial fixed assets	€405	-	-	-
Depreciation and write-downs of the year	€12,550	€12,629	€12,731	€12,731

CMD PARTNERS

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency22.3%

Current ratio1.01

Return on assets6.0%

Staff

Staff cost per FTE€48,508

Joined and left-1

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CMD PARTNERS

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