CSM ENGINEERING
ActiveSummary
CSM ENGINEERING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €14k. Equity is growing by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (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
Profitability96▼-4
Solvency95=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.16 against 3.24 in 2024; short-term debt: 30.2% and cash: 44.3% of total assets), and 30.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
69.8%
Return on assets
21.6%
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 10-06-2026, 51 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
51 d early
2024
50 d early
2023
36 d early
2022
42 d early
2021
44 d early
2020
44 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€143k▲ 19.9%
2018 · €119k
2018: €119k
2018 → 2019
EBIT margin
10.2%▲ 10.9pp
2018 · -0.8%
2018: -0.8%
2018 → 2019
Net result
€14k▼ 34.8%
2024 · €22k
2018: €-1k
2019: €11k
2020: €11k
2021: €10k
2022: €8k
2023: €17k
2024: €22k
2018 → 2025
Working capital
€44k▼ 14.1%
2024 · €51k
2018: €34k
2019: €46k
2020: €56k
2021: €66k
2022: €73k
2023: €45k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€72k▲ 13.0%€45k▼ 38.3%€52k▲ 16.9%€47k▼ 10.7%
Operating result€12k-€10k▼ 13.9%€21k▲ 101%€28k▲ 33.2%€18k▼ 35.4%
Net result€10k-€8k▼ 13.5%€17k▲ 99.4%€22k▲ 33.1%€14k▼ 34.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€3k ▲ 106%
Current assets
€64k ▼ 13.2%
Equity and liabilities €67k
Equity
€47k ▼ 10.7%
Debt
€20k ▼ 11.1%
Debt's share of the balance-sheet total falls from 30.3% to 30.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €28k
Cash flow
€15k▼
2024 · €22k
Current ratio
3.16▼
2024 · 3.24
Debt to equity
0.43▼
2024 · 0.43
ROE
30.9%▼
2024 · 42.3%
ROA
21.6%▼
2024 · 29.5%
Interest coverage
253.22▲
2024 · 195.29
Debt ≤ 1 year
€20k▼
2024 · €23k
Income taxes
€4k▼
2024 · €6k
Staff costs
€2k▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€75k€67k▼
Fixed assets21/28€1k€3k▲
Tangible fixed assets22/27€1k€3k▲
Plant, machinery and equipment23€1k€3k▲
Current assets29/58€73k€64k▼
Amounts receivable after more than one year29€14k€10k▼
Other amounts receivable291€14k€10k▼
Amounts receivable within one year40/41€28k€24k▼
Trade receivables40€24k€17k▼
Other amounts receivable41€4k€6k▲
Cash at bank and in hand54/58€31k€30k▼
Deferred charges and accrued income490/1-€275
Equity and liabilities
Total equity and liabilities10/49€75k€67k▼
Equity10/15€52k€47k▼
Contributions10/11€19k€19k=
Reserves13€34k€28k▼
Distributable reserves133€34k€28k▼
Amounts payable17/49€23k€20k▼
Amounts payable within one year42/48€23k€20k▼
Trade debts44€2k€460▼
Suppliers440/4€2k€460▼
Taxes, remuneration and social security45€9k€7k▼
Taxes450/3€9k€7k▼
Other amounts payable47/48€13k€13k=
Income statement
Code20242025
Remuneration, social security and pensions62€2k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€242€403▲
Other operating charges640/8€755€610▼
Gross operating margin9900€31k€21k▼
Operating profit (loss)9901€28k€18k▼
Financial income75/76B€700€712▲
Recurring financial income75€700€712▲
Financial charges65/66B€143€72▼
Recurring financial charges65€143€72▼
Profit (loss) for the period before taxes9903€28k€18k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€22k€14k▼
Profit (loss) for the period to be appropriated9905€22k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€22k€14k▼
Transfer from equity791/2€15k€20k▲
Transfer to equity691/2€22k€14k▼
To other reserves6921€22k€14k▼
Profit to be distributed694/7€15k€20k▲
Return on contributions (dividend)694€15k€20k▲
The notes to these accounts (8 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
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €22k ▲33.1%
Operating result €28k, net result €22k, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2016
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.
Deinse Horsweg 269031 GentGround area
1,817 m²
Building footprint
236 m²
Volume, LiDAR
1,068 m³
2 parcels, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tortelduifstraat 35, 9000 Gent
since 20162.249.368.236
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017C0845/00F000 | Flanders | 1,538 m² | 1 · 151 m² | 9.8 m · 2 fl. |
| 44816K0464/00B005 | Flanders | 279 m² | 1 · 85 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,470 EUR awarded · 1,470 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 495 EUR | 495 EUR |
| 2023 | 1 | 720 EUR | 720 EUR |
| 2022 | 1 | 255 EUR | 255 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.