CSM Development
ActiveSummary
CSM Development has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5.2m) and a net result of -€267,567. Equity is shrinking by about 23% per year across the filed financial years. Its solvency ranks better than 5% of 5,765 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Directors
Board 4
Permanent representatives 4
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Permanent representative
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| RLG CONSULTING |
|
| Lady At Work |
|
| KB Financial Services |
|
| L.A.W. SRLfrom an act |
|
| Frederic Poesen |
|
| Jonas Nachtergaele |
|
| KPMG Réviseurs d'Entreprises SRL |
|
| ADEL YAHIA CONSULT |
|
Owners and capital
Owners
3 ownersChain of control
- BESIX GROUP
- CSM Development
Highest known parent: BESIX GROUP. The sources do not say who stands above it.
Owners 3
- BESIX GROUPconsolidating parentconsolidates
- 50%
-
50%
According to the 2021 annual accounts of CSM Development and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 21-02-2024 Capital stated in the deed · €62,000 · 100 shares