Collaborative Research for Energy SYstem Modeling
ActiveCollaborative Research for Energy SYstem Modeling has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €833k and a net result of €365k. Equity is growing by ~71.5% per year across the filed fiscal years. Its solvency ranks better than 43% of 189 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability92=
Solvency67▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 47.49 against 9.87 in 2024; short-term debt: 2% and cash: 25.2% of total assets), but 57.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 72
Relative position
BE, all sectors
reference
Sector 72
lower
← 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
42.1%
Return on assets
18.4%
Age of the figures
9 mo
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 23-04-2026, 99 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
99 d early
2024
58 d early
2023
24 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€365k▲ 19.8%
2024 · €305k
2023: €165k
2024: €305k
2023 → 2025
Working capital
€1.87M▲ 35.0%
2024 · €1.39M
2023: €874k
2024: €1.39M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€163k-€468k▲ 186%€833k▲ 78.0%
Operating result€166k-€306k▲ 84.2%€358k▲ 16.9%
Net result€165k-€305k▲ 84.8%€365k▲ 19.8%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.98M
Fixed assets
€68k▼ 2.1%
Current assets
€1.91M▲ 23.9%
Equity and liabilities €1.98M
Equity
€833k▲ 78.0%
Debt
€1.15M▲ 0.2%
The debt ratio falls from 71.0% to 57.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€377k▲
2024 · €317k
Cash flow
€384k▲
2024 · €315k
Solvency
42.1%▲
2024 · 29.0%
Current ratio
47.49▲
2024 · 9.87
Quick ratio
47.49▲
2024 · 9.87
Debt / equity
1.38▼
2024 · 2.45
ROE
43.8%▼
2024 · 65.1%
ROA
18.4%▼
2024 · 18.9%
Interest coverage
236.07▲
2024 · 235.52
Debt
€1.15M▲
2024 · €1.14M
Debt ≤ 1 year
€40k▼
2024 · €156k
Income taxes
€4k
Staff costs
€480k▼
2024 · €516k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.61M€1.98M▲
Fixed assets21/28€69k€68k▼
Intangible fixed assets21€37k€35k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€28k€31k▲
Current assets29/58€1.54M€1.91M▲
Amounts receivable within one year40/41€711k€505k▼
Trade receivables40€710k€503k▼
Other amounts receivable41€882€2k▲
Current investments50/53-€900k
Cash at bank and in hand54/58€829k€499k▼
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.61M€1.98M▲
Equity10/15€468k€833k▲
Profit (loss) carried forward14€468k€833k▲
Amounts payable17/49€1.14M€1.15M▲
Amounts payable within one year42/48€156k€40k▼
Trade debts44€134k€17k▼
Suppliers440/4€134k€17k▼
Taxes, remuneration and social security45€22k€24k▲
Taxes450/3€551-
Remuneration and social security454/9€22k€24k▲
Accrued charges and deferred income492/3€989k€1.11M▲
Income statement
Code20242025
Remuneration, social security and pensions62€516k€480k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€19k▲
Other operating charges640/8€173€1k▲
Gross operating margin9900€833k€858k▲
Operating profit (loss)9901€306k€358k▲
Financial income75/76B-€13k
Recurring financial income75-€13k
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€305k€369k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€305k€365k▲
Profit (loss) for the period to be appropriated9905€305k€365k▲
Appropriation of the result
Profit (loss) to be appropriated9906€468k€833k▲
Profit (loss) brought forward from the previous period14P€163k€468k▲
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2023net €365k ▲19.8%
Operating result €358k, net result €365k, both a record.
31-12
Financial
Liquidity times 5current ratio 47.49
Current ratio from 9.87 to 47.49; short-term debt falls from €156k to €40k.
31-12
Financial
Equity above €500kEq €833k ▲78%
3 profitable years in a row build equity to €833k.
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €200kEq €468k ▲186%
2 profitable years in a row build equity to €468k.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
de Meeûssquare 381000 BrusselGround area
2,479 m²
Building footprint
1,097 m²
Volume, LiDAR
29,482 m³
Parcel 21805E0461/00L000, Brussels · tallest building 33.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Collaborative Research for Energy SYstem Modeling
since 20222.339.388.986
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0461/00L000 | Brussels | 2,479 m² | 1 · 1,096 m² | 33.3 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
European Union, budget
2023 · 2 entries · 112,500 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2023 | 2 | 112,500 EUR |
Projects
101136119 - TWINEU - DIGITAL TWIN FOR EUROPE
101136119 - TWINEU - DIGITAL TWIN FOR EUROPE
European research
2 projects · 112,500 EUR EU contributionProgrammes
HORIZON
Projects
Digital Twin for Europe
Interoperability of the Power Electronics dominated grid by openness
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Of 1,178 companies in sector 72109 we hold annual accounts for 716. 467 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formInt'l non-profit association
Founded08-09-2022
Fiscal year end31-12
Abbreviation FR
CRESYM
Activities, NACEBEL
72109Other research and development on natural sciences
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.cresym.eu
E-mail:sebastien.lepy@cresym.eu