CMS Technics
ActiveSummary
CMS Technics has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €289k and a net result of €57k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 50% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+5
Solvency72▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.51 in 2024; short-term debt: 19.7% and cash: 22.5% of total assets), but 53.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
46.7%
Return on assets
9.3%
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
17 d early
2023
14 d early
2022
10 d early
2021
2 d early
2020
3 d early
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€289k▲ 24.7%
2024 · €232k
Total assets
€619k▲ 5.3%
2024 · €588k
Net result
€57k▲ 108%
2024 · €28k
Working capital
€93k▲ 64.8%
2024 · €56k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50k▲ 121%€4k▼ 91.3%€93k▲ 2,028%€46k▼ 50.2%€88k▲ 90.4%
Net result€30k▲ 131%€92▼ 99.7%€63k▲ 68,587%€28k▼ 56.5%€57k▲ 108%
Equity€239k▲ 14.5%€240k=€204k▼ 14.7%€232k▲ 13.5%€289k▲ 24.7%
Total assets€585k▲ 4.0%€644k▲ 10.2%€611k▼ 5.2%€588k▼ 3.8%€619k▲ 5.3%
Debt€345k▼ 2.2%€405k▲ 17.2%€407k▲ 0.5%€356k▼ 12.5%€330k▼ 7.4%
Working capital€112k▲ 33.0%€31k▼ 72.4%€38k▲ 23.3%€56k▲ 48.0%€93k▲ 64.8%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €619k
Fixed assets
€404k ▼ 3.8%
Current assets
€215k ▲ 28.0%
Equity and liabilities €619k
Equity
€289k ▲ 24.7%
Debt
€330k ▼ 7.4%
Debt's share of the balance-sheet total falls from 60.6% to 53.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€119k▲
2024 · €77k
Cash flow
€88k▲
2024 · €58k
Current ratio
1.76▲
2024 · 1.51
Quick ratio
1.51▲
2024 · 1.21
Debt to equity
1.14▼
2024 · 1.54
ROE
19.8%▲
2024 · 11.9%
ROA
9.3%▲
2024 · 4.7%
Interest coverage
18.19▲
2024 · 10.10
Debt ≤ 1 year
€122k▲
2024 · €111k
Debt > 1 year
€208k▼
2024 · €244k
Income taxes
€28k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €29k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €21k | €31k | €31k | €31k | ▲ 1.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 8.0% |
| Gross operating margin9900 | €74k | €27k | €126k | €79k | €122k | ▲ 53.8% |
| Operating profit (loss)9901 | €50k | €4k | €93k | €46k | €88k | ▲ 90.4% |
| Financial income75/76B | €4k | €3k | €4k | €3k | €3k | ▲ 35.3% |
| Recurring financial income75 | €4k | €3k | €4k | €3k | €3k | ▲ 35.3% |
| Financial charges65/66B | €9k | €7k | €9k | €8k | €7k | ▼ 13.9% |
| Recurring financial charges65 | €9k | €7k | €9k | €8k | €7k | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €45k | €304 | €88k | €41k | €85k | ▲ 106% |
| Income taxes67/77 | €15k | €212 | €25k | €14k | €28k | ▲ 102% |
| Profit (loss) for the period9904 | €30k | €92 | €63k | €28k | €57k | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €30k | €92 | €63k | €28k | €57k | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €585k | €644k | €611k | €588k | €619k | ▲ 5.3% |
| Fixed assets21/28 | €416k | €473k | €447k | €420k | €404k | ▼ 3.8% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €416k | €473k | €447k | €420k | €404k | ▼ 3.8% |
| Land and buildings22 | €413k | €409k | €392k | €375k | €359k | ▼ 4.3% |
| Plant, machinery and equipment23 | €1k | €629 | €0 | - | - | - |
| Furniture and vehicles24 | €1k | €63k | €55k | €45k | €42k | ▼ 6.0% |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €25 | €25 | €25 | €25 | €25 | = |
| Current assets29/58 | €169k | €171k | €164k | €168k | €215k | ▲ 28.0% |
| Stocks and contracts in progress3 | €26k | €41k | €34k | €33k | €30k | ▼ 8.7% |
| Stocks30/36 | €26k | €41k | €34k | €33k | €30k | ▼ 8.7% |
| Amounts receivable within one year40/41 | €38k | €69k | €35k | €38k | €20k | ▼ 47.6% |
| Trade receivables40 | €27k | €39k | €20k | €38k | €12k | ▼ 69.1% |
| Other amounts receivable41 | €11k | €30k | €15k | €0 | €8k | - |
| Current investments50/53 | - | - | - | - | €20k | - |
| Cash at bank and in hand54/58 | €95k | €54k | €87k | €94k | €139k | ▲ 47.1% |
| Deferred charges and accrued income490/1 | €10k | €7k | €8k | €2k | €5k | ▲ 191% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €585k | €644k | €611k | €588k | €619k | ▲ 5.3% |
| Equity10/15 | €239k | €240k | €204k | €232k | €289k | ▲ 24.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €221k | €221k | €186k | €213k | €270k | ▲ 26.9% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €219k | €219k | €186k | €213k | €270k | ▲ 26.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | - | - |
| Amounts payable17/49 | €345k | €405k | €407k | €356k | €330k | ▼ 7.4% |
| Amounts payable after more than one year17 | €288k | €264k | €281k | €244k | €208k | ▼ 15.0% |
| Financial debts170/4 | €288k | €264k | €281k | €244k | €208k | ▼ 15.0% |
| Amounts payable within one year42/48 | €57k | €141k | €126k | €111k | €122k | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | €24k | €24k | €36k | €36k | €39k | ▲ 6.7% |
| Financial debts43 | - | €16 | €126 | €144 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €16 | €126 | €144 | €0 | ▼ 100% |
| Trade debts44 | €24k | €112k | €15k | €28 | €12k | ▲ 42,193% |
| Suppliers440/4 | €24k | €112k | €15k | €28 | €12k | ▲ 42,193% |
| Taxes, remuneration and social security45 | €3k | - | €1k | €3k | €4k | ▲ 40.4% |
| Taxes450/3 | €1k | - | - | €2k | €3k | ▲ 73.5% |
| Remuneration and social security454/9 | €2k | - | €1k | €1k | €1k | ▼ 4.2% |
| Other amounts payable47/48 | €6k | €5k | €74k | €72k | €68k | ▼ 6.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €92 | €63k | €28k | €57k | ▲ 108% |
| + Depreciation and write-downs630 | €21k | €21k | €31k | €31k | €31k | ▲ 1.7% |
| Operating cash flow (approximation) | €51k | €21k | €94k | €58k | €88k | ▲ 52.1% |
| Investment in fixed assets (approximation) | - | €-78k | €-5k | €-4k | €-15k | ▼ 328% |
| Change in cash | - | €-41k | €33k | €7k | €44k | ▲ 504% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €63k ▲68,587%
Operating result €93k, net result €63k, both a record.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €92 ▼99.7%
Net result drops to €92, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Equity above €200kEq €200k ▲13.6%
2 profitable years in a row build equity to €200k.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2011
Ground area
887 m²
Building footprint
205 m²
Volume, LiDAR
982 m³
Parcel 34452A0187/00S000, Flanders · tallest building 9.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CMS Technics BVBA
since 20112.205.554.128
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0187/00S000 | Flanders | 887 m² | 1 · 205 m² | 9.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,289 EUR awarded · 1,447 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 747 EUR | 747 EUR |
| 2024 | 1 | 158 EUR | 158 EUR |
| 2023 | 1 | 0 EUR | 158 EUR |
| 2022 | 1 | 384 EUR | 384 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
69940022NVSBBBQJQ077
Similar companies · same sector, comparable size
DGS CONSTRUCT
BE 0820.299.504
Sint-Jans-Molenbeek · Eq €289,020
ADAMS
BE 0456.511.890
Brasschaat · Eq €288,355
T&D Company Belgium
BE 0658.927.730
Ukkel · Eq €290,410
ALTER ECO
BE 0886.700.358
Tournai · Eq €287,574
Reyskens Michiel
BE 0644.475.621
Zutendaal · Eq €290,485
Of 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,619 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.