CS
Annual accounts 2025
micro format, filed on 29-07-2026, 2 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €210,000. Estimated: probably between €170,000 and €320,000.
Balance sheet
balance sheet total €445,456 on 31-12-2025in euro
in euro
Position in the sector
72.6%
Higher than 68% of 16,416 companies in 2025.
2.79
Higher than 59% of 16,156 companies in 2025.
9.8%
Higher than 32% of 16,293 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
445,456 | 552,088 | 580,374 | 659,611 | 464,989 | 405,485 | 441,755 | 198,213 | 190,096 | 120,129 | 85,900 | 89,241 | 93,943 | 480,823 | 521,226 | 462,894 | 576,647 | 484,268 | 455,406 | |
21/28 |
108,780 | 145,684 | 121,539 | 108,869 | 136,004 | 165,630 | 198,171 | 58,463 | 78,256 | 8,814 | 17,956 | 27,547 | 37,747 | 402,531 | 400,000 | 407,075 | 414,151 | 421,226 | 428,302 | |
21 |
45,000 | 60,000 | 75,000 | 90,000 | 105,000 | 120,000 | 135,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
63,780 | 85,684 | 46,539 | 18,869 | 31,004 | 45,630 | 63,171 | 58,463 | 78,256 | 8,814 | 17,956 | 27,547 | 37,747 | 2,531 | - | 7,075 | 14,151 | 21,226 | 28,302 | |
23 |
2,070 | 1,429 | 677 | 1,774 | 3,294 | 2,240 | 1,239 | 458 | 915 | - | - | 449 | 1,508 | 1,219 | - | - | - | - | - | |
24 |
61,710 | 84,255 | 45,862 | 17,095 | 27,710 | 43,389 | 61,932 | 58,006 | 77,341 | 8,814 | 17,956 | 27,097 | 36,239 | 1,313 | - | 7,075 | 14,151 | 21,226 | 28,302 | |
28 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 400,000 | |
29/58 |
336,677 | 406,405 | 458,835 | 550,742 | 328,985 | 239,855 | 243,584 | 139,750 | 111,840 | 111,316 | 67,945 | 61,695 | 56,195 | 78,292 | 121,226 | 55,818 | 162,496 | 63,042 | 27,105 | |
29 |
0 | 193,742 | 211,617 | 233,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
291 |
0 | 193,742 | 211,617 | 233,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
48,205 | 18,696 | 31,927 | 21,571 | 23,996 | 60,601 | 19,191 | 7,794 | 3,455 | 3,555 | 2,042 | 9,242 | 1,126 | - | 14,800 | 557 | 60,150 | - | 10,530 | |
40 |
6,246 | 3,052 | 2,066 | 4,629 | 2,401 | 39,299 | 19,191 | - | - | 100 | 2,042 | 2,042 | 626 | - | - | 557 | - | - | 9,530 | |
41 |
41,959 | 15,644 | 29,861 | 16,942 | 21,595 | 21,302 | 0 | 7,794 | 3,455 | 3,455 | - | 7,200 | 500 | - | 14,800 | - | 60,150 | - | 1,000 | |
50/53 |
140,258 | 137,894 | 117,799 | 184,288 | 212,788 | 102,788 | 112,788 | 112,949 | 52,933 | 22,933 | 12,716 | 13,710 | 13,702 | 34,342 | 79,954 | 25,342 | 82,700 | 35,992 | 16,575 | |
54/58 |
139,863 | 51,059 | 89,422 | 107,830 | 86,667 | 71,452 | 105,520 | 11,662 | 49,173 | 84,828 | 52,164 | 37,715 | 39,588 | 42,308 | 24,658 | 28,198 | 16,837 | 27,051 | - | |
490/1 |
8,350 | 5,013 | 8,069 | 3,853 | 5,534 | 5,014 | 6,084 | 7,345 | 6,279 | - | 1,023 | 1,028 | 1,780 | 1,641 | 1,815 | 1,721 | 2,809 | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
445,456 | 552,088 | 580,374 | 659,611 | 464,989 | 405,485 | 441,755 | 198,213 | 190,096 | 120,129 | 85,900 | 89,241 | 93,943 | 480,823 | 521,226 | 462,894 | 576,647 | 484,268 | 455,406 | |
10/15 |
323,217 | 384,642 | 432,966 | 437,952 | 297,985 | 192,951 | 195,134 | 115,136 | 78,323 | 37,882 | 28,279 | 47,142 | 50,492 | 418,030 | 433,755 | 328,480 | 543,785 | 456,127 | 421,611 | |
10/11 |
25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 125,000 | 125,000 | 400,000 | 400,000 | 400,000 | |
100 |
- | - | - | - | - | - | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 25,000 | 125,000 | 125,000 | 400,000 | 400,000 | 400,000 | |
13 |
289,860 | 351,360 | 399,690 | 404,700 | 264,740 | 159,740 | 159,740 | 79,750 | 42,940 | 2,500 | 2,500 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 20,000 | |
130/1 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 22,000 | 20,000 | |
1311 |
2,500 | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
287,360 | 348,860 | 397,190 | 402,200 | 262,240 | 157,240 | 157,240 | 77,250 | 40,440 | - | - | - | - | - | - | - | - | - | - | |
14 |
8,357 | 8,282 | 8,276 | 8,252 | 8,245 | 8,211 | 10,394 | 10,386 | 10,383 | 10,382 | 779 | 142 | 3,492 | 371,030 | 286,755 | 181,480 | 121,785 | 34,127 | 1,611 | |
17/49 |
122,240 | 167,446 | 147,408 | 221,659 | 167,004 | 212,534 | 246,621 | 83,077 | 111,773 | 82,248 | 57,621 | 42,100 | 43,451 | 62,793 | 87,471 | 134,414 | 32,861 | 28,141 | 33,795 | |
17 |
- | - | - | - | - | 0 | 3,750 | 8,750 | 13,750 | - | - | - | - | - | - | - | 5,743 | 13,031 | 19,919 | |
170/4 |
- | - | - | - | - | 0 | 3,750 | 8,750 | 13,750 | - | - | - | - | - | - | - | 5,743 | 13,031 | 19,919 | |
42/48 |
120,634 | 165,413 | 145,750 | 220,030 | 164,851 | 209,461 | 241,052 | 73,482 | 97,733 | 81,696 | 55,724 | 40,948 | 41,371 | 61,290 | 83,391 | 120,573 | 26,869 | 15,111 | 13,876 | |
42 |
- | - | - | - | 0 | 3,750 | 5,000 | 5,000 | 5,000 | - | - | - | - | - | - | 5,743 | 7,288 | 6,888 | 6,510 | |
43 |
- | 0 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 10,000 | 10,040 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 4,868 | |
430/8 |
- | 0 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 10,000 | 10,040 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 4,868 | |
44 |
37,658 | 32,071 | 19,552 | 46,136 | 20,998 | 17,211 | 24,868 | 18,407 | 3,822 | - | 693 | - | 626 | - | 1,663 | 709 | 81 | 2,585 | - | |
440/4 |
37,658 | 32,071 | 19,552 | 46,136 | 20,998 | 17,211 | 24,868 | 18,407 | 3,822 | - | 693 | - | 626 | - | 1,663 | 709 | 81 | 2,585 | - | |
46 |
- | - | - | - | 0 | 43,985 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
50,275 | 27,748 | 40,314 | 83,970 | 61,038 | 56,200 | 63,262 | 4,701 | 75,968 | 68,084 | 9,654 | 5,602 | 5,943 | 1,562 | 4,406 | 3,384 | 9,500 | 4,500 | - | |
450/3 |
40,525 | 27,748 | 40,314 | 75,720 | 61,038 | 56,200 | 63,262 | 4,701 | 15,968 | 38,084 | 9,654 | 5,602 | 5,943 | 1,562 | 4,406 | 3,384 | 9,500 | 4,500 | - | |
454/9 |
9,750 | - | 0 | 8,250 | - | - | - | - | 60,000 | 30,000 | - | - | - | - | - | - | - | - | - | |
47/48 |
32,702 | 105,594 | 75,884 | 79,925 | 72,816 | 78,315 | 137,922 | 35,374 | 12,944 | 3,611 | 35,337 | 25,345 | 24,802 | 49,728 | 67,322 | 100,738 | - | 1,137 | 2,498 | |
492/3 |
1,605 | 2,033 | 1,658 | 1,629 | 2,153 | 3,073 | 1,820 | 846 | 290 | 552 | 1,897 | 1,152 | 2,080 | 1,503 | 4,080 | 13,841 | 250 | - | - | |
| Income statement | ||||||||||||||||||||
9900 |
122,257 | 82,957 | 87,892 | 299,610 | 199,635 | 45,205 | 165,126 | 75,825 | 90,568 | 28,371 | 36,465 | 14,067 | 54,245 | 133,640 | 170,866 | 113,672 | 143,605 | 68,093 | 41,906 | |
630 |
38,522 | 37,610 | 36,148 | 28,782 | 36,825 | 35,907 | 35,678 | 19,793 | 20,017 | 9,142 | 9,591 | 10,201 | 10,201 | 938 | 7,075 | 7,075 | 7,075 | 7,075 | 7,075 | |
640/8 |
1,915 | 1,274 | 3,412 | 1,240 | 2,447 | 1,436 | 3,904 | 1,633 | 3,027 | 2,200 | 2,240 | 2,420 | 3,419 | 1,652 | 1,218 | 1,160 | 880 | 1,141 | 2,182 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 393,750 | - | - | - | - | - | - | |
9901 |
81,820 | 44,073 | 48,332 | 269,588 | 160,363 | 7,862 | 125,544 | 54,400 | 67,525 | 17,029 | 24,633 | 1,446 | 40,625 | 131,050 | 162,572 | 105,436 | 135,649 | 59,876 | 32,648 | |
75/76B |
4,374 | 6,963 | 6,570 | 1,254 | 143 | 67 | 0 | 18 | 178 | 454 | 60 | 88 | 10,166 | 1,152 | 1,163 | 5,560 | 16,665 | 2,437 | 1,434 | |
75 |
4,374 | 6,963 | 6,570 | 1,254 | 143 | 67 | 0 | 18 | 178 | 454 | 60 | 88 | 10,166 | 1,152 | 1,163 | 5,560 | 16,665 | 2,437 | 1,434 | |
65/66B |
14,453 | 3,949 | 3,415 | 3,096 | 3,978 | 5,335 | 3,539 | 1,901 | 1,298 | 1,291 | 3,059 | 2,063 | 9,449 | 3,050 | 6,276 | 19,048 | 15,370 | 7,805 | 940 | |
65 |
14,453 | 3,949 | 3,415 | 3,096 | 3,978 | 5,335 | 3,539 | 1,901 | 1,298 | 1,291 | 3,059 | 2,063 | 9,449 | 3,050 | 6,276 | 19,048 | 15,370 | 7,805 | 940 | |
9903 |
71,741 | 47,087 | 51,486 | 267,746 | 156,528 | 2,594 | 122,005 | 52,517 | 66,404 | 16,193 | 21,634 | -529 | -352,408 | 129,152 | 157,459 | 91,949 | 136,944 | 54,508 | 33,142 | |
67/77 |
28,166 | 15,421 | 19,662 | 87,339 | 51,495 | 4,776 | 42,008 | 15,703 | 25,963 | 6,591 | 10,496 | 2,821 | 15,130 | 44,878 | 52,184 | 32,255 | 49,285 | 19,992 | 11,530 | |
9904 |
43,574 | 31,666 | 31,824 | 180,407 | 105,033 | -2,182 | 79,998 | 36,813 | 40,441 | 9,602 | 11,138 | -3,350 | -367,538 | 84,275 | 105,276 | 59,694 | 87,658 | 34,516 | 21,611 | |
9905 |
43,574 | 31,666 | 31,824 | 180,407 | 105,033 | -2,182 | 79,998 | 36,813 | 40,441 | 9,602 | 11,138 | -3,350 | -367,538 | 84,275 | 105,276 | 59,694 | 87,658 | 34,516 | 21,611 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
51,857 | 39,942 | 40,076 | 188,652 | 113,245 | 8,211 | 90,384 | 47,196 | 50,823 | 10,382 | 11,279 | 142 | 3,492 | 371,030 | 286,755 | 181,480 | 121,785 | 36,127 | 21,611 | |
14P |
8,282 | 8,276 | 8,252 | 8,245 | 8,211 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
105,000 | 79,990 | 36,810 | 40,440 | - | - | - | - | - | - | 19,500 | - | - | - | - | - | - | - | - | |
691/2 |
43,500 | 31,660 | 31,800 | 180,400 | 105,000 | 0 | 79,990 | 36,810 | 40,440 | - | - | - | - | - | - | - | - | 2,000 | 20,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | 20,000 | |
6921 |
43,500 | 31,660 | 31,800 | 180,400 | 105,000 | 0 | 79,990 | 36,810 | 40,440 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
105,000 | 79,990 | 36,810 | 40,440 | - | - | - | - | - | - | 30,000 | - | - | - | - | - | - | - | - | |
694 |
105,000 | 79,990 | 36,810 | 40,440 | - | - | - | - | - | - | 30,000 | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 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 29-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00346713 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00327530 | |
| 31-12-2023 | micro format | 10-06-2024 | 2024-00119556 | |
| 31-12-2022 | micro format | 29-06-2023 | 2023-00175134 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20236270 | |
| 31-12-2020 | micro format | 12-08-2021 | 2021-48000045 | |
| 31-12-2019 | micro format | 09-07-2020 | 2020-28000026 | |
| 31-12-2018 | micro format | 18-10-2019 | 2019-70700148 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-61700144 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-55900272 | |
| 31-12-2015 | abbreviated format | 29-09-2016 | 2016-63300267 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-54300034 | |
| 31-12-2013 | abbreviated format | 29-09-2014 | 2014-61200179 | |
| 31-12-2012 | abbreviated format | 29-08-2013 | 2013-51400508 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-52600390 | |
| 31-12-2010 | abbreviated format | 11-08-2011 | 2011-40000009 | |
| 31-12-2009 | abbreviated format | 27-07-2010 | 2010-35800210 | |
| 31-12-2008 | abbreviated format | 07-08-2009 | 2009-55400143 | |
| 31-12-2007 | abbreviated format | 28-07-2008 | 2008-49100120 |
Subsidies and aid
Flemish government 2022 to 2024, 3 entries, €219 awarded, €219 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €105 | €105 |
| 2023 | 1 | €72 | €72 |
| 2022 | 1 | €42 | €42 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 120,342 | 81,683 | 84,480 | 298,370 | 197,188 | 43,769 | 161,222 | 74,193 | 87,541 | 26,171 | 34,225 | 11,646 | 50,826 | 131,988 | 169,648 | 112,512 | 142,725 | 66,952 | 39,723 | ||
| 82,096 | 69,276 | 67,972 | 209,189 | 141,858 | 33,725 | 115,676 | 56,606 | 60,458 | 18,744 | 20,729 | 6,850 | -357,338 | 85,212 | 112,351 | 66,770 | 94,734 | 41,591 | 28,687 | ||
| 1,618 | 61,755 | 48,818 | 1,647 | 7,200 | 3,366 | 208,686 | 0 | 99,231 | 0 | 0 | 0 | 45,416 | 3,469 | 0 | 0 | 0 | 0 | 435,377 | ||
| 88,804 | -38,363 | -18,408 | 21,163 | 15,215 | -34,068 | 93,858 | -37,511 | -35,655 | 32,665 | 14,449 | -1,874 | -2,720 | 17,650 | -3,540 | 11,361 | -10,213 | - | - | ||
| 216,042 | 240,992 | 313,085 | 330,711 | 164,133 | 30,395 | 2,532 | 66,268 | 14,106 | 29,620 | 12,221 | 20,747 | 14,824 | 17,001 | 37,835 | -64,755 | 135,627 | 47,932 | 13,229 | ||
| 72.6% | 69.7% | 74.6% | 66.4% | 64.1% | 47.6% | 44.2% | 58.1% | 41.2% | 31.5% | 32.9% | 52.8% | 53.7% | 86.9% | 83.2% | 71.0% | 94.3% | 94.2% | 92.6% | ||
| 2.79 | 2.46 | 3.15 | 2.50 | 2.00 | 1.15 | 1.01 | 1.90 | 1.14 | 1.36 | 1.22 | 1.51 | 1.36 | 1.28 | 1.45 | 0.46 | 6.05 | 4.17 | 1.95 | ||
| 0.38 | 0.44 | 0.34 | 0.51 | 0.56 | 1.10 | 1.26 | 0.72 | 1.43 | 2.17 | 2.04 | 0.89 | 0.86 | 0.15 | 0.20 | 0.41 | 0.06 | 0.06 | 0.08 | ||
| 13.5% | 8.2% | 7.4% | 41.2% | 35.2% | -1.1% | 41.0% | 32.0% | 51.6% | 25.3% | 39.4% | -7.1% | -727.9% | 20.2% | 24.3% | 18.2% | 16.1% | 7.6% | 5.1% | ||
| 9.8% | 5.7% | 5.5% | 27.4% | 22.6% | -0.5% | 18.1% | 18.6% | 21.3% | 8.0% | 13.0% | -3.8% | -391.2% | 17.5% | 20.2% | 12.9% | 15.2% | 7.1% | 4.7% | ||
| 8.33 | 20.69 | 24.74 | 96.38 | 49.57 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,618 | €61,755 | €48,818 | €1,647 | €7,200 |
| €38,522 | €37,610 | €36,148 | €28,782 | €36,825 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on CS
The operating result for 2025 is 86% higher than in 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 30.3% to 27.4%. Equity and debt are lower.