CMSG
InactiveFinancials · financial year 2025, micro format
Equity
€0▼ 100%
2024 · €30,219
Total assets
€22,233▼ 34.0%
2024 · €33,701
Net result
-€7,986▲ 5.6%
2024 · -€8,461
Working capital
€0▼ 100%
2024 · €30,219
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,981 in 2025 against €8,308 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€7,981
2025
Net result-€7,986
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€22,233
2025
Equity€0
2025
Debt€22,233
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€928-€10,066▲ 984%€21,998▲ 119%€20,732▼ 5.8%€19,057▼ 8.1%€155▼ 99.2%-€8,308-€7,981▲ 3.9%
Net result€867-€9,048▲ 944%€16,528▲ 82.7%€15,022▼ 9.1%€14,200▼ 5.5%-€106-€8,461▼ 7,897%-€7,986▲ 5.6%
Equity€3,988-€13,036▲ 227%€29,564▲ 127%€24,586▼ 16.8%€38,786▲ 57.8%€38,680▼ 0.3%€30,219▼ 21.9%€0▼ 100%
Total assets€12,090-€37,557▲ 211%€51,743▲ 37.8%€67,655▲ 30.8%€55,698▼ 17.7%€50,542▼ 9.3%€33,701▼ 33.3%€22,233▼ 34.0%
Debt€8,102-€24,521▲ 203%€22,179▼ 9.6%€43,069▲ 94.2%€16,912▼ 60.7%€11,862▼ 29.9%€3,482▼ 70.6%€22,233▲ 539%
Working capital€3,988-€25,536▲ 540%€38,832▲ 52.1%€35,332▼ 9.0%€51,011▲ 44.4%€38,680▼ 24.2%€30,219▼ 21.9%€0▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Key figures and ratios
Solvency
0.0%▼
2024 · 89.7%
Current ratio
1.00▼
2024 · 9.68
ROA
-35.9%▼
2024 · -25.1%
Debt ≤ 1 year
€22,233▲
2024 · €3,482
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 |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,204 | €1,479 | €1,479 | €275 | €0 | - | - |
| Other operating charges640/8 | - | - | - | €541 | €198 | €956 | €788 | €298 | ▼ 62.3% |
| Gross operating margin9900 | €1,459 | €10,618 | €23,791 | €22,752 | €20,733 | €1,386 | -€7,520 | -€7,683 | ▼ 2.2% |
| Operating profit (loss)9901 | €928 | €10,066 | €21,998 | €20,732 | €19,057 | €155 | -€8,308 | -€7,981 | ▲ 3.9% |
| Financial income75/76B | - | - | - | - | - | €1 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | - | - | €1 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €132 | €124 | €262 | €153 | €6 | ▼ 96.2% |
| Recurring financial charges65 | €61 | €172 | €279 | €132 | €124 | €262 | €153 | €6 | ▼ 96.2% |
| Profit (loss) for the period before taxes9903 | €867 | €9,893 | €21,719 | €20,600 | €18,933 | -€106 | -€8,461 | -€7,986 | ▲ 5.6% |
| Income taxes67/77 | - | €845 | €5,191 | €5,578 | €4,733 | €0 | €0 | - | - |
| Profit (loss) for the period9904 | €867 | €9,048 | €16,528 | €15,022 | €14,200 | -€106 | -€8,461 | -€7,986 | ▲ 5.6% |
| Profit (loss) for the period to be appropriated9905 | €867 | €9,048 | €16,528 | €15,022 | €14,200 | -€106 | -€8,461 | -€7,986 | ▲ 5.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €12,090 | €37,557 | €51,743 | €67,655 | €55,698 | €50,542 | €33,701 | €22,233 | ▼ 34.0% |
| Fixed assets21/28 | - | - | €3,232 | €1,753 | €275 | €0 | - | - | - |
| Tangible fixed assets22/27 | - | - | €3,232 | €1,753 | €275 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,753 | €275 | €0 | - | - | - |
| Current assets29/58 | €12,090 | €37,557 | €48,511 | €65,901 | €55,423 | €50,542 | €33,701 | €22,233 | ▼ 34.0% |
| Amounts receivable within one year40/41 | €5,347 | €738 | €7,265 | €8,963 | €3,249 | €4,454 | €3,180 | €1,174 | ▼ 63.1% |
| Trade receivables40 | - | - | - | €3,994 | €2,243 | €197 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €4,969 | €1,006 | €4,257 | €3,180 | €1,174 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €6,743 | €36,820 | €41,245 | €56,938 | €52,174 | €46,088 | €30,521 | €21,059 | ▼ 31.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €12,090 | €37,557 | €51,743 | €67,655 | €55,698 | €50,542 | €33,701 | €22,233 | ▼ 34.0% |
| Equity10/15 | €3,988 | €13,036 | €29,564 | €24,586 | €38,786 | €38,680 | €30,219 | €0 | ▼ 100% |
| Contributions10/11 | €10,000 | €10,000 | - | €10,000 | €10,000 | €10,000 | €10,000 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€6,012 | €3,036 | €19,564 | €14,586 | €28,786 | €28,680 | €20,219 | €0 | ▼ 100% |
| Amounts payable17/49 | €8,102 | €24,521 | €22,179 | €43,069 | €16,912 | €11,862 | €3,482 | €22,233 | ▲ 539% |
| Amounts payable within one year42/48 | €8,102 | €12,021 | €9,679 | €30,569 | €4,412 | €11,862 | €3,482 | €22,233 | ▲ 539% |
| Trade debts44 | €3,244 | - | €2,120 | €3,456 | €1,854 | €958 | €173 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €3,456 | €1,854 | €958 | €173 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €198 | €198 | €0 | - | - | - |
| Taxes450/3 | - | - | - | €198 | €198 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €26,915 | €2,360 | €10,904 | €3,309 | €22,233 | ▲ 572% |
| Accrued charges and deferred income492/3 | - | - | - | €12,500 | €12,500 | €0 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €867 | €9,048 | €16,528 | €15,022 | €14,200 | -€106 | -€8,461 | -€7,986 | ▲ 5.6% |
| + Depreciation and write-downs630 | - | - | €1,204 | €1,479 | €1,479 | €275 | €0 | - | - |
| Operating cash flow (approximation) | €867 | €9,048 | €17,731 | €16,501 | €15,679 | €169 | -€8,461 | -€7,986 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | - | - | - |
| Change in cash | - | €30,077 | €4,426 | €15,693 | -€4,765 | -€6,085 | -€15,568 | -€9,462 | ▲ 39.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 10-12-2025 | micro format | 02-01-2026 | 2026-00001900 |
| 31-12-2024 | micro format | 14-07-2025 | 2025-00274737 |
| 31-12-2023 | micro format | 19-07-2024 | 2024-00261920 |
| 31-12-2022 | abbreviated format | 17-07-2023 | 2023-00244685 |
| 31-12-2021 | abbreviated format | 07-06-2022 | 2022-20057791 |
| 31-12-2020 | abbreviated format | 25-06-2021 | 2021-24800531 |
| 31-12-2019 | abbreviated format | 29-06-2020 | 2020-22300271 |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57900587 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-55100002 |
| 31-12-2016 | abbreviated format | 19-07-2017 | 2017-33000416 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.