CSM CONSTRUCTION
Annual accounts 2025
micro format, filed on 18-09-2026, 49 days lateMoney flows
no detail for 2025Balance sheet
balance sheet total €201,793 on 31-12-2025in euro
Position in the sector
28.2%
Higher than 30% of 35,125 companies in 2025.
1.66
Higher than 45% of 34,499 companies in 2025.
8.4%
Higher than 54% of 34,700 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||
20/58 |
201,793 | 183,440 | 169,490 | 169,576 | 182,650 | 175,555 | 167,235 | 144,359 | 93,508 | 72,020 | 65,011 | 55,703 | 128,976 | 45,904 | 47,248 | 45,051 | 55,349 | |
20 |
- | - | - | - | - | - | - | 0 | 0 | 0 | - | - | - | - | - | - | - | |
21/28 |
763 | 1,263 | 1,763 | 2,347 | 11,915 | 21,482 | 34,621 | 47,159 | 15,295 | 22,192 | 6,351 | 8,709 | 11,650 | 3,107 | - | - | - | |
22/27 |
- | 500 | 1,000 | 1,584 | 11,152 | 20,719 | 33,857 | 46,576 | 14,712 | 21,609 | 5,767 | 8,709 | 11,650 | 3,107 | - | - | - | |
23 |
- | - | - | 84 | 2,023 | 3,961 | 5,900 | 7,418 | - | - | - | - | - | - | - | - | - | |
24 |
- | - | - | - | 7,129 | 14,258 | 21,387 | 28,516 | 0 | 2,826 | 5,767 | 8,709 | 11,650 | 3,107 | - | - | - | |
25 |
- | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | |
26 |
- | 500 | 1,000 | 1,500 | 2,000 | 2,500 | 3,000 | 3,500 | 4,000 | 4,500 | - | - | - | - | - | - | - | |
28 |
763 | 763 | 763 | 763 | 763 | 763 | 763 | 583 | 583 | 583 | 583 | - | - | - | - | - | - | |
29/58 |
201,030 | 182,177 | 167,727 | 167,228 | 170,735 | 154,072 | 132,614 | 97,200 | 78,212 | 49,827 | 58,660 | 46,994 | 117,325 | 42,798 | 47,248 | 45,051 | 55,349 | |
29 |
93,307 | 70,392 | 56,668 | 43,948 | 41,896 | 40,372 | 51,329 | 23,114 | 7,250 | 10,875 | 14,499 | - | - | - | - | - | - | |
290 |
90,072 | 67,186 | 52,728 | 43,948 | 41,896 | - | 51,329 | 23,114 | 7,250 | 10,875 | 14,499 | - | - | - | - | - | - | |
291 |
3,235 | 3,206 | 3,940 | - | - | 40,372 | - | - | - | - | - | - | - | - | - | - | - | |
40/41 |
107,526 | 111,589 | 110,040 | 119,936 | 122,327 | 106,880 | 65,348 | 62,158 | 64,431 | 35,122 | 39,651 | 43,487 | 109,610 | 38,066 | 43,284 | 44,449 | 54,569 | |
40 |
106,334 | 109,568 | 109,158 | 117,350 | 116,993 | 106,347 | 64,836 | 53,458 | 61,148 | 31,102 | 29,734 | 37,342 | 108,986 | 37,011 | 42,644 | 43,904 | 54,342 | |
41 |
1,191 | 2,021 | 882 | 2,586 | 5,334 | 534 | 512 | 8,700 | 3,283 | 4,021 | 9,917 | 6,146 | 623 | 1,055 | 640 | 545 | 227 | |
54/58 |
- | - | - | - | 4,229 | 4,229 | 10,108 | 11,928 | 5,281 | 2,444 | 1,109 | 2,082 | 7,216 | 4,732 | 3,964 | 602 | 780 | |
490/1 |
197 | 197 | 1,018 | 3,344 | 2,282 | 2,591 | 5,828 | 0 | 1,250 | 1,387 | 3,401 | 1,425 | 500 | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||
10/49 |
201,793 | 183,440 | 169,490 | 169,576 | 182,650 | 175,555 | 167,235 | 144,359 | 93,508 | 72,020 | 65,011 | 55,703 | 128,976 | 45,904 | 47,248 | 45,051 | 55,349 | |
10/15 |
56,849 | 39,844 | 26,082 | -1,268 | -6,873 | -12,012 | 29,885 | 23,058 | 13,209 | 5,724 | 3,440 | 24,270 | 19,890 | 15,335 | 12,509 | 6,463 | 3,538 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
- | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | |
100 |
- | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 4,500 | - | - | - | - | - | - | |
132 |
6,126 | - | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 6,126 | 4,500 | - | - | - | - | - | - | |
133 |
- | 6,126 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
44,523 | 27,518 | 13,756 | -13,594 | -19,199 | -24,338 | 17,559 | 10,732 | 883 | -6,602 | -7,260 | 18,070 | 13,690 | 9,135 | 6,309 | 263 | -2,662 | |
16 |
- | - | - | - | - | - | - | 0 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
160/5 |
- | - | - | - | - | - | - | 0 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
163 |
- | - | - | - | - | - | - | 0 | 10,000 | 10,000 | - | - | - | - | - | - | - | |
17/49 |
144,944 | 143,597 | 143,408 | 170,843 | 189,523 | 187,566 | 137,350 | 121,301 | 70,299 | 56,295 | 51,571 | 21,433 | 99,086 | 20,569 | 24,739 | 28,588 | 41,811 | |
17 |
21,385 | 21,385 | 26,685 | 26,685 | 38,763 | 53,710 | 44,178 | 53,691 | 35,022 | 38,592 | 26,685 | 4,167 | 9,167 | - | - | - | - | |
170/4 |
21,385 | 21,385 | 26,685 | 26,685 | 38,763 | 53,710 | 44,178 | 53,691 | 35,022 | 38,592 | 26,685 | 4,167 | 9,167 | - | - | - | - | |
42/48 |
121,190 | 118,658 | 111,985 | 138,235 | 143,651 | 125,564 | 83,070 | 66,361 | 33,403 | 15,203 | 21,762 | 17,266 | 89,919 | 20,569 | 24,739 | 28,588 | 41,811 | |
42 |
- | - | - | 12,079 | 18,075 | 17,007 | 9,513 | 9,396 | 2,976 | 3,568 | 4,167 | 5,000 | 5,000 | - | - | - | - | |
43 |
16,302 | 17,581 | 16,476 | 16,702 | 18,718 | 17,929 | 17,966 | 4,283 | 4,561 | 875 | 1,634 | 2,495 | - | - | - | - | - | |
430/8 |
16,302 | 17,581 | 16,476 | 16,702 | 18,718 | 17,929 | 17,966 | 4,283 | 4,561 | 875 | 1,634 | 2,495 | - | - | - | - | - | |
44 |
85,319 | 87,962 | 86,555 | 89,583 | 90,557 | 85,333 | 51,700 | 50,846 | 11,504 | 5,093 | 6,289 | 4,240 | 21,738 | 7,423 | 1,584 | 7,011 | 9,385 | |
440/4 |
85,319 | 87,962 | 86,555 | 89,583 | 90,557 | 85,333 | 51,700 | 50,846 | 11,504 | 5,093 | 6,289 | 4,240 | 21,738 | 7,423 | 1,584 | 7,011 | 9,385 | |
46 |
10,050 | 4,000 | 4,000 | 17,374 | 15,124 | - | - | 0 | 12,080 | 0 | 2,350 | 2,350 | 52,074 | - | - | 14,143 | 32,426 | |
45 |
9,518 | 9,116 | 4,954 | 2,498 | 1,177 | 5,294 | 3,891 | 1,836 | 2,281 | 5,668 | 2,322 | 3,181 | 1,958 | 1,147 | 2,155 | 7,434 | - | |
450/3 |
9,518 | 9,116 | 4,954 | 2,498 | 1,177 | 5,294 | 3,891 | 1,836 | 2,281 | 1,773 | 2,322 | 3,181 | 1,958 | 1,147 | 2,155 | 974 | - | |
454/9 |
- | - | - | - | - | - | - | 0 | 0 | 3,895 | - | - | - | - | - | 6,460 | - | |
47/48 |
- | - | - | - | - | - | - | 0 | - | 0 | 5,000 | - | 9,149 | 12,000 | 21,000 | - | - | |
492/3 |
2,369 | 3,554 | 4,739 | 5,923 | 7,108 | 8,293 | 10,102 | 1,250 | 1,875 | 2,499 | 3,124 | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||
70 |
- | - | - | - | - | 142,587 | 275,061 | 275,974 | 94,093 | 102,778 | 93,120 | 108,675 | 144,677 | 127,889 | 97,540 | 86,605 | 173,179 | |
76A |
- | - | - | - | - | - | - | 0 | - | - | - | - | - | - | - | - | - | |
9900 |
25,727 | 21,034 | 33,840 | 13,331 | 19,990 | -21,630 | 26,227 | 31,134 | 18,167 | 10,892 | 16,009 | 10,569 | 22,584 | 16,804 | 28,539 | 4,064 | 9,004 | |
60/61 |
- | - | - | - | - | 164,217 | 248,834 | 270,517 | 89,335 | 102,208 | 77,110 | 98,106 | 122,093 | 111,085 | 69,002 | 82,541 | 164,175 | |
62 |
177 | 284 | 348 | 169 | 199 | 443 | 421 | 1,228 | 545 | 134 | 120 | 85 | 971 | 131 | 110 | - | - | |
630 |
500 | 500 | 584 | 2,439 | 9,568 | 13,138 | 13,138 | 13,054 | 6,897 | 7,012 | 2,941 | 2,941 | 2,941 | 777 | - | - | 914 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,000 | |
640/8 |
1,573 | 149 | 205 | 93 | 820 | 971 | 852 | 2,233 | 149 | 554 | 1,422 | 348 | 614 | - | 120 | - | 707 | |
66A |
- | 1,007 | 155 | 72 | 1,045 | - | 498 | 53 | 80 | - | - | - | 2,231 | - | - | 600 | - | |
9901 |
23,477 | 19,095 | 32,549 | 10,559 | 8,358 | -36,182 | 11,318 | 14,566 | 10,496 | 3,192 | 11,526 | 7,195 | 18,058 | 15,896 | 28,310 | 4,064 | -2,617 | |
75/76B |
1,185 | 1,185 | 1,185 | 1,185 | 1,279 | 1,810 | 630 | 625 | 637 | 636 | 71 | 128 | - | - | 20 | 452 | 1 | |
75 |
1,185 | 1,185 | 1,185 | 1,185 | 1,279 | 1,810 | 630 | 625 | 637 | 636 | 71 | 128 | - | - | 20 | 452 | 1 | |
65/66B |
2,793 | 2,313 | 3,600 | 3,029 | 4,154 | 6,689 | 1,881 | 1,369 | 630 | 576 | 4,837 | 679 | 388 | 129 | 102 | 18 | 46 | |
65 |
2,793 | 2,313 | 3,600 | 3,029 | 4,154 | 2,650 | 1,881 | 1,369 | 630 | 576 | 4,837 | 679 | 388 | 129 | 102 | 18 | 46 | |
66B |
- | - | - | - | - | 4,040 | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
21,868 | 17,966 | 30,134 | 8,714 | 5,483 | -41,062 | 10,067 | 13,822 | 10,503 | 3,252 | 6,760 | 6,644 | 15,438 | 15,767 | 28,227 | 3,898 | -2,662 | |
67/77 |
4,862 | 4,205 | 2,784 | 3,109 | 344 | 835 | 3,240 | 3,973 | 3,019 | 967 | 22,590 | 2,264 | 1,883 | 941 | 1,181 | 974 | - | |
9904 |
17,006 | 13,761 | 27,350 | 5,605 | 5,139 | -41,897 | 6,827 | 9,849 | 7,485 | 2,285 | -15,830 | 4,380 | 13,555 | 14,826 | 27,046 | 2,925 | -2,662 | |
9905 |
17,006 | 13,761 | 27,350 | 5,605 | 5,139 | -41,897 | 6,827 | 9,849 | 7,485 | 2,285 | -15,830 | 4,380 | 13,555 | 14,826 | 27,046 | 2,925 | -2,662 | |
| Appropriation of the result | ||||||||||||||||||
9906 |
44,523 | 27,518 | 13,756 | -13,594 | -19,199 | -24,338 | 17,559 | 10,732 | 883 | -4,976 | 2,240 | 18,070 | 22,690 | 21,135 | 27,309 | 263 | -2,662 | |
14P |
27,518 | 13,756 | -13,594 | -19,199 | -24,338 | 17,559 | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 1,626 | 4,500 | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | 1,626 | 4,500 | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | - | - | - | - | - | 5,000 | - | 9,000 | 12,000 | 21,000 | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | 5,000 | - | 9,000 | 12,000 | 21,000 | - | - | |
| 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 18-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 49 days after the deadline. Filed on 18 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00527354.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 18-09-2026 | 2026-00527354 | |
| 31-12-2024 | abbreviated format | 28-09-2026 | 2026-00527372 | |
| 31-12-2023 | micro format | 29-05-2024 | 2024-00112581 | |
| 31-12-2022 | micro format | 20-11-2023 | 2023-00514285 | |
| 31-12-2021 | micro format | 10-05-2023 | 2023-00085027 | |
| 31-12-2020 | micro format | 11-05-2022 | 2022-20026695 | |
| 31-12-2019 | micro format | 23-10-2020 | 2020-63500163 | |
| 31-12-2018 | micro format | 14-09-2019 | 2019-64800122 | |
| 31-12-2017 | micro format | 03-08-2018 | 2018-43000479 | |
| 31-12-2016 | micro format | 27-07-2017 | 2017-35900339 | |
| 31-12-2015 | full format | 30-08-2016 | 2016-56300123 | |
| 31-12-2014 | full format | 30-09-2015 | 2015-61100348 | |
| 31-12-2013 | full format | 25-08-2014 | 2014-45100353 | |
| 31-12-2012 | full format | 29-05-2013 | 2013-13400209 | |
| 31-12-2011 | full format | 17-09-2012 | 2012-56400248 | |
| 31-12-2010 | full format | 07-11-2011 | 2011-60600328 | |
| 31-12-2009 | full format | 31-08-2010 | 2010-47800401 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 23,977 | 19,595 | 33,133 | 12,997 | 17,925 | -23,044 | 24,456 | 27,621 | 17,393 | 10,204 | 14,467 | 10,136 | 20,999 | 16,673 | - | - | -1,703 | ||
| 17,506 | 14,261 | 27,934 | 8,044 | 14,706 | -28,759 | 19,965 | 22,903 | 14,381 | 9,297 | -12,889 | 7,322 | 16,496 | 15,603 | - | - | -1,748 | ||
| 0 | 0 | 0 | -7,129 | 0 | 0 | 600 | 44,918 | 0 | 22,854 | 583 | 252 | 14,130 | 3,883 | - | - | 914 | ||
| - | - | - | - | 0 | -5,879 | -1,820 | 6,647 | 2,838 | 1,335 | -973 | -5,134 | 2,484 | 768 | 3,362 | -178 | - | ||
| 79,840 | 63,519 | 55,742 | 28,993 | 27,084 | 28,509 | 49,545 | 30,840 | 44,810 | 34,624 | 36,898 | 29,728 | 27,406 | 22,228 | 22,509 | 16,463 | 13,538 | ||
| - | - | - | - | - | -25.4% | 4.1% | 5.3% | 11.2% | 3.1% | 12.4% | 6.6% | 12.5% | 12.4% | 29.0% | 4.7% | -1.5% | ||
| 28.2% | 21.7% | 15.4% | -0.7% | -3.8% | -6.8% | 17.9% | 16.0% | 14.1% | 7.9% | 5.3% | 43.6% | 15.4% | 33.4% | 26.5% | 14.3% | 6.4% | ||
| 1.66 | 1.54 | 1.50 | 1.21 | 1.19 | 1.23 | 1.60 | 1.46 | 2.34 | 3.28 | 2.70 | 2.72 | 1.30 | 2.08 | 1.91 | 1.58 | 1.32 | ||
| 2.55 | 3.60 | 5.50 | - | - | - | 4.60 | 5.26 | 5.32 | 9.83 | 14.99 | 0.88 | 4.98 | 1.34 | 1.98 | 4.42 | 11.82 | ||
| 29.9% | 34.5% | 104.9% | - | - | - | 22.8% | 42.7% | 56.7% | 39.9% | -460.2% | 18.0% | 68.1% | 96.7% | 216.2% | 45.3% | -75.2% | ||
| 8.4% | 7.5% | 16.1% | 3.3% | 2.8% | -23.9% | 4.1% | 6.8% | 8.0% | 3.2% | -24.4% | 7.9% | 10.5% | 32.3% | 57.2% | 6.5% | -4.8% | ||
| 8.58 | 8.47 | 9.20 | 4.29 | 4.32 | -8.70 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | 272 days | 86 days | 71 days | 237 days | 110 days | 117 days | 125 days | 275 days | 106 days | 160 days | 185 days | 115 days | ||
| - | - | - | - | - | 190 days | 76 days | 69 days | 47 days | 18 days | 30 days | 16 days | 65 days | 24 days | 8 days | 31 days | 21 days |
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.
Insights on CSM CONSTRUCTION
The operating result for 2025 is 23% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 78.3% to 71.8%. Equity and debt are higher.