CSMNS
ActiveSummary
CSMNS has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €223,966 and a net result of €41,312. Equity is growing by ~8.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+10
Solvency82▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.88 against 3.05 in 2023; short-term debt: 25.6% and cash: 23.2% of total assets), and 43.1% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
30 d early
2023
35 d early
2022
33 d early
2021
47 d early
2020
60 d early
2019
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 43 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 27 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€223,966▼ 12.1%
2023 · €254,695
Total assets
€393,538▲ 0.9%
2023 · €389,937
Net result
€41,312▲ 88.7%
2023 · €21,888
Working capital
€88,514▼ 23.3%
2023 · €115,406
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€50,470▲ 32.5%€48,340▼ 4.2%€36,564▼ 24.4%€40,428▲ 10.6%€65,625▲ 62.3%
Net result€33,450within the sector's middle half▲ 35.2%€30,174within the sector's middle half▼ 9.8%€23,363within the sector's middle half▼ 22.6%€21,888within the sector's middle half▼ 6.3%€41,312within the sector's middle half▲ 88.7%
Equity€208,760above the sector's middle half▲ 18.0%€231,794above the sector's middle half▲ 11.0%€234,473above the sector's middle half▲ 1.2%€254,695above the sector's middle half▲ 8.6%€223,966above the sector's middle half▼ 12.1%
Total assets€349,261above the sector's middle half▲ 4.9%€367,671above the sector's middle half▲ 5.3%€378,418above the sector's middle half▲ 2.9%€389,937above the sector's middle half▲ 3.0%€393,538above the sector's middle half▲ 0.9%
Debt€140,502▼ 9.9%€135,876▼ 3.3%€143,945▲ 5.9%€135,242▼ 6.0%€169,572▲ 25.4%
Working capital€62,505within the sector's middle half▲ 181%€91,318within the sector's middle half▲ 46.1%€94,198within the sector's middle half▲ 3.2%€115,406within the sector's middle half▲ 22.5%€88,514within the sector's middle half▼ 23.3%
Solvency59.8%within the sector's middle half▲ 6.6pp63.0%within the sector's middle half▲ 3.3pp62.0%within the sector's middle half▼ 1.1pp65.3%within the sector's middle half▲ 3.4pp56.9%within the sector's middle half▼ 8.4pp
Current ratio2.93within the sector's middle half▲ 1.393.45within the sector's middle half▲ 0.522.71within the sector's middle half▼ 0.743.05within the sector's middle half▲ 0.341.88within the sector's middle half▼ 1.17
Return on assets (ROA)9.6%within the sector's middle half▲ 2.1pp8.2%within the sector's middle half▼ 1.4pp6.2%within the sector's middle half▼ 2.0pp5.6%within the sector's middle half▼ 0.6pp10.5%within the sector's middle half▲ 4.9pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 62% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €393,538
Fixed assets
€204,349 ▼ 6.4%
Current assets
€189,189 ▲ 10.2%
Equity and liabilities €393,538
Equity
€223,966 ▼ 12.1%
Debt
€169,572 ▲ 25.4%
Debt's share of the balance-sheet total rises from 34.7% to 43.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€80,963▲
2023 · €56,573
Cash flow
€56,649▲
2023 · €38,033
Debt to equity
0.76▲
2023 · 0.53
ROE
18.4%▲
2023 · 8.6%
Interest coverage
9.39▲
2023 · 5.60
Debt ≤ 1 year
€100,675▲
2023 · €56,248
Debt > 1 year
€68,897▼
2023 · €78,994
Income taxes
€16,614▲
2023 · €9,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,282 | €15,282 | €15,565 | €16,145 | €15,338 | ▼ 5.0% |
| Other operating charges640/8 | - | €1,252 | €1,231 | €1,505 | €1,323 | ▼ 12.1% |
| Gross operating margin9900 | €66,929 | €64,874 | €53,360 | €58,077 | €82,286 | ▲ 41.7% |
| Operating profit (loss)9901 | €50,470 | €48,340 | €36,564 | €40,428 | €65,625 | ▲ 62.3% |
| Financial income75/76B | - | €420 | €959 | €725 | €921 | ▲ 27.1% |
| Recurring financial income75 | €564 | €420 | €959 | €589 | €921 | ▲ 56.3% |
| Non-recurring financial income76B | - | - | - | €135 | - | - |
| Financial charges65/66B | - | €5,306 | €5,043 | €10,098 | €8,621 | ▼ 14.6% |
| Recurring financial charges65 | €4,335 | €5,306 | €5,043 | €10,098 | €8,621 | ▼ 14.6% |
| Profit (loss) for the period before taxes9903 | €46,699 | €43,454 | €32,480 | €31,054 | €57,926 | ▲ 86.5% |
| Income taxes67/77 | €13,249 | €13,281 | €9,118 | €9,167 | €16,614 | ▲ 81.2% |
| Profit (loss) for the period9904 | €33,450 | €30,174 | €23,363 | €21,888 | €41,312 | ▲ 88.7% |
| Transfer from tax-exempt reserves789 | - | €3,492 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €33,450 | €33,666 | €23,363 | €21,888 | €41,312 | ▲ 88.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €349,261 | €367,671 | €378,418 | €389,937 | €393,538 | ▲ 0.9% |
| Fixed assets21/28 | €254,347 | €239,065 | €229,167 | €218,283 | €204,349 | ▼ 6.4% |
| Tangible fixed assets22/27 | €254,347 | €239,065 | €229,167 | €218,283 | €204,349 | ▼ 6.4% |
| Land and buildings22 | - | €235,112 | €222,473 | €209,835 | €197,196 | ▼ 6.0% |
| Plant, machinery and equipment23 | - | €3,430 | €6,504 | €8,448 | €7,153 | ▼ 15.3% |
| Furniture and vehicles24 | - | €523 | €189 | - | - | - |
| Current assets29/58 | €94,914 | €128,606 | €149,251 | €171,654 | €189,189 | ▲ 10.2% |
| Amounts receivable within one year40/41 | €17,520 | €17,326 | €31,036 | €22,862 | €16,141 | ▼ 29.4% |
| Trade receivables40 | - | €15,525 | €24,912 | €16,934 | €16,141 | ▼ 4.7% |
| Other amounts receivable41 | - | €1,801 | €6,125 | €5,928 | - | - |
| Current investments50/53 | €31,658 | €43,244 | €55,666 | €67,769 | €79,829 | ▲ 17.8% |
| Cash at bank and in hand54/58 | €44,294 | €66,186 | €60,385 | €78,684 | €91,272 | ▲ 16.0% |
| Deferred charges and accrued income490/1 | - | €1,851 | €2,164 | €2,339 | €1,947 | ▼ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €349,261 | €367,671 | €378,418 | €389,937 | €393,538 | ▲ 0.9% |
| Equity10/15 | €208,760 | €231,794 | €234,473 | €254,695 | €223,966 | ▼ 12.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €202,560 | €225,594 | €228,273 | €248,495 | €217,766 | ▼ 12.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €3,432 | €3,432 | €3,432 | €3,432 | = |
| Distributable reserves133 | - | €220,302 | €222,981 | €245,063 | €214,334 | ▼ 12.5% |
| Amounts payable17/49 | €140,502 | €135,876 | €143,945 | €135,242 | €169,572 | ▲ 25.4% |
| Amounts payable after more than one year17 | €108,093 | €98,588 | €88,890 | €78,994 | €68,897 | ▼ 12.8% |
| Financial debts170/4 | - | €98,588 | €88,890 | €78,994 | €68,897 | ▼ 12.8% |
| Amounts payable within one year42/48 | €32,409 | €37,288 | €55,053 | €56,248 | €100,675 | ▲ 79.0% |
| Current portion of amounts payable after more than one year42 | - | €9,505 | €9,698 | €9,896 | €10,097 | ▲ 2.0% |
| Trade debts44 | €1,870 | €2,728 | €1,184 | €3,316 | €1,479 | ▼ 55.4% |
| Suppliers440/4 | - | €2,728 | €1,184 | €3,316 | €1,479 | ▼ 55.4% |
| Taxes, remuneration and social security45 | - | €895 | €295 | €3,727 | €4,588 | ▲ 23.1% |
| Taxes450/3 | - | €895 | €295 | €3,727 | €4,588 | ▲ 23.1% |
| Other amounts payable47/48 | - | €24,161 | €43,875 | €39,310 | €84,511 | ▲ 115% |
| Accrued charges and deferred income492/3 | - | - | €2 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,450 | €30,174 | €23,363 | €21,888 | €41,312 | ▲ 88.7% |
| + Depreciation and write-downs630 | €15,282 | €15,282 | €15,565 | €16,145 | €15,338 | ▼ 5.0% |
| Operating cash flow (approximation) | €48,732 | €45,455 | €38,927 | €38,033 | €56,649 | ▲ 48.9% |
| Investment in fixed assets (approximation) | - | €0 | -€5,667 | -€5,261 | -€1,404 | ▲ 73.3% |
| Change in cash | - | €21,891 | -€5,801 | €18,300 | €12,588 | ▼ 31.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €21,888 ▼6.3%
Net result drops to €21,888, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200,000Eq €208,760 ▲18%
3 profitable years in a row build equity to €208,760.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tessenderlo-Ham · 1 establishment unit since 2013
Ground area
3,455 m²
Building footprint
162 m²
Volume, LiDAR
602 m³
Parcel 71363C0288/00L000, Flanders · tallest building 5.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CSMNS
since 20132.219.107.701
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71363C0288/00L000 | Flanders | 3,455 m² | 1 · 162 m² | 5.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 270 EUR awarded · 405 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 135 EUR |
| 2024 | 1 | 0 EUR | 135 EUR |
| 2023 | 1 | 135 EUR | 135 EUR |
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Of 29,996 companies in this sector we hold annual accounts for 18,400. 14,424 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-04-2013
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0527917253
Also
9925:BE0527917253
Registered
10-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.