CSPD (0460.323.495): financials and annual accounts

CSPD

Uccle ·KBO/BCE: BE 0460.323.495

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	2.9m	2.9m	2.9m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	142,523	138,898	166,081
Fixed assets`21/28`	2.8m	2.8m	2.8m	2.8m	2.9m	2.9m	2.9m	2.8m	2.9m	-	928,155	930,684	934,906	941,693	938,223	926,530	912,009	84,519	95,676	107,175
Tangible fixed assets`22/27`	23,418	33,567	39,900	60,088	30,586	29,985	40,077	12,303	2,647	4,411	4,398	6,927	11,149	17,936	14,466	2,774	13,252	25,012	37,169	48,668
Plant, machinery and equipment`23`	1,400	1,507	3,099	3,528	1,344	1,403	883	-	580	1,482	1,531	1,809	1,768	4,156	1,767	920	-	213	823	775
Furniture and vehicles`24`	15,605	23,429	25,952	43,492	21,932	24,126	33,281	4,934	2,067	2,929	2,415	1,382	2,358	3,335	1,062	1,388	12,623	24,006	35,388	46,771
Other tangible fixed assets`26`	6,413	8,631	10,849	13,068	7,310	4,457	5,913	7,369	-	-	452	3,737	7,023	10,445	11,637	465	629	794	958	1,122
Financial fixed assets`28`	2.8m	2.8m	2.8m	2.8m	2.9m	2.9m	2.9m	2.8m	2.9m	2.9m	923,757	923,757	923,757	923,757	923,757	923,757	898,757	59,507	58,507	58,507
Current assets`29/58`	142,588	103,483	95,641	125,352	44,023	60,672	122,343	174,175	134,400	139,645	165,860	190,383	170,123	178,091	178,689	216,147	226,534	58,004	43,222	58,907
Amounts receivable after more than one year`29`	13,500	18,500	23,500	28,500	33,500	38,500	93,500	98,500	103,500	107,500	112,500	117,500	127,500	137,500	147,500	140,000	140,000	-	-	-
Other amounts receivable`291`	13,500	18,500	23,500	28,500	33,500	38,500	93,500	98,500	103,500	107,500	112,500	117,500	127,500	137,500	147,500	140,000	140,000	-	-	-
Amounts receivable within one year`40/41`	80,374	78,035	51,509	45,205	6,735	6,563	14,245	6,517	17,892	17,599	27,490	53,453	30,341	12,491	15,768	40,947	18,835	53,522	42,260	55,167
Trade receivables`40`	27,463	26,123	1,727	1,552	1,735	1,563	8,279	1,517	7,293	3,281	14,342	34,035	19,701	2,211	7,107	-	18,835	2,695	4,315	6,000
Other amounts receivable`41`	52,911	51,912	49,782	43,653	5,000	5,000	5,966	5,000	10,599	14,318	13,148	19,418	10,640	10,280	8,662	40,947	-	50,827	37,945	49,167
Cash at bank and in hand`54/58`	38,139	332	10,567	46,239	1,823	11,408	7,185	68,918	13,008	10,796	5,057	1,572	579	7,600	4,996	23,457	62,842	1,911	182	2,975
Deferred charges and accrued income`490/1`	10,575	6,616	10,065	5,408	1,965	4,200	7,413	239	-	3,750	20,813	17,858	11,702	20,500	10,425	11,743	4,856	2,571	780	765
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.9m	2.9m	2.9m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	3.0m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	1.1m	142,523	138,898	166,081
Equity`10/15`	2.3m	2.3m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	2.2m	252,085	248,369	245,369	243,627	234,637	261,235	239,613	88,732	29,238	18,109
Contributions`10/11`	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	2.0m	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Capital`10`	-	-	-	-	-	-	-	-	-	2.0m	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	-	-	-	2.0m	2.0m	2.0m	2.0m	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	2,256	2,256	2,256	2,256	2,256	2,256	2,256	2,124	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Non-distributable reserves`130/1`	-	-	2,256	2,256	2,256	2,256	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	2,256	2,124	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	-	-	2,256	2,256	2,256	2,256	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	2,256	2,256	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	305,909	247,777	214,576	231,325	170,438	202,270	203,047	200,549	195,552	202,442	231,633	227,917	224,918	223,175	214,186	240,784	219,162	68,281	8,787	-2,343
Provisions and deferred taxes`16`	572,237	610,221	644,675	675,826	703,888	729,061	751,533	771,485	789,082	804,483	817,833	829,272	838,931	846,934	853,396	858,426	862,125	-	-	-
Provisions for liabilities and charges`160/5`	572,237	610,221	644,675	675,826	703,888	729,061	751,533	771,485	789,082	804,483	817,833	829,272	838,931	846,934	853,396	858,426	862,125	-	-	-
Other liabilities and charges`164/5`	572,237	610,221	644,675	675,826	703,888	729,061	751,533	771,485	789,082	-	-	-	-	-	-	-	-	-	-	-
Amounts payable`17/49`	41,668	32,859	30,097	29,897	84,391	43,435	68,110	23,045	25,581	20,300	24,098	43,427	20,728	29,223	28,879	23,016	36,805	53,791	109,660	147,973
Amounts payable within one year`42/48`	28,810	19,169	18,174	24,574	75,589	37,793	64,384	18,386	21,327	15,567	19,719	38,969	16,663	25,074	23,577	19,174	32,741	53,004	103,953	146,346
Trade debts`44`	18,545	9,208	9,107	15,190	-	7,074	4,724	4,687	12,444	8,767	5,633	16,845	3,569	11,978	11,413	12,703	4,852	9,070	3,606	2,596
Suppliers`440/4`	18,545	9,208	9,107	15,190	-	7,074	4,724	4,687	12,444	8,767	5,633	16,845	3,569	11,978	11,413	12,703	4,852	9,070	3,606	2,596
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,479
Taxes, remuneration and social security`45`	10,265	9,960	9,067	9,383	6,536	6,916	6,438	4,352	8,629	4,419	13,554	11,632	4,947	5,577	9,163	6,470	27,337	43,934	16,810	12,965
Taxes`450/3`	10,265	9,960	9,067	9,383	6,536	6,916	6,438	4,352	8,629	4,419	13,554	11,632	4,947	5,577	9,163	3,950	27,337	43,934	13,810	2,965
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,520	-	-	3,000	10,000
Other amounts payable`47/48`	-	-	-	-	69,053	23,802	53,222	9,348	255	2,381	532	10,492	8,146	7,519	3,000	-	551	-	83,538	101,306
Accrued charges and deferred income`492/3`	12,857	13,690	11,923	5,323	8,802	5,642	3,726	4,659	4,254	4,733	4,379	4,458	4,066	4,149	5,302	3,842	4,065	787	5,706	1,627
Income statement
Non-recurring operating income`76A`	-	-	-	-	-	-	826	10,000	3,013	-	-	-	-	-	-	-	-	-	-	-
Gross operating margin`9900`	53,947	49,380	-3,717	-1,219	14,206	38,367	46,050	42,139	41,289	47,542	61,302	58,396	53,855	58,166	19,201	55,442	124,697	92,431	37,480	20,135
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	13,398	13,626	21,450	19,178	14,070	11,534	11,449	4,069	1,763	3,752	5,777	6,884	6,787	7,241	4,439	11,859	11,760	12,156	12,197	12,397
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,030	-3,699	37,125	-	-	-
Other operating charges`640/8`	1,750	3,313	1,720	2,045	1,271	2,335	3,252	8,701	3,630	3,491	3,097	2,633	3,189	2,710	2,501	2,939	2,874	-	6,397	3,791
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	9,999	13,013	-	-	-	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	38,799	32,441	-26,887	-22,442	-1,135	24,499	31,349	29,370	35,895	40,299	52,428	48,878	43,879	48,214	17,292	44,343	72,938	80,274	18,887	3,947
Financial income`75/76B`	53,679	37,683	48,657	124,105	10,786	20,055	18,580	32,605	17,067	-	3,776	5,226	9,559	9,994	11,572	35,520	109,335	9,200	12	3,251
Recurring financial income`75`	53,679	37,683	48,657	32,205	10,786	20,055	18,580	22,605	14,054	12,089	3,776	5,226	9,559	9,994	11,572	35,520	109,335	9,200	12	3,251
Non-recurring financial income`76B`	-	-	-	91,900	-	-	-	10,000	3,013	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	34,090	36,353	38,029	40,266	41,061	42,480	43,611	55,121	59,130	-	47,545	48,052	49,383	49,005	54,957	53,256	3,489	378	1,565	415
Recurring financial charges`65`	34,090	36,353	38,029	40,266	41,061	42,480	43,611	45,122	46,117	46,927	47,545	48,052	49,383	49,005	54,957	53,256	3,489	378	1,565	415
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	9,999	13,013	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	58,389	33,771	-16,259	61,397	-31,411	2,074	6,318	6,854	-6,167	-26,281	8,659	6,052	4,054	9,203	-26,093	26,606	178,784	89,097	17,334	6,783
Income taxes`67/77`	257	570	490	510	421	2,851	3,688	1,592	723	1,502	4,943	3,053	2,312	214	505	4,984	27,903	29,604	6,205	649
Profit (loss) for the period`9904`	58,132	33,201	-16,749	60,887	-31,832	-777	2,630	5,262	-6,890	-27,783	3,716	3,000	1,742	8,990	-26,598	21,622	150,881	59,494	11,130	6,134
Profit (loss) for the period to be appropriated`9905`	58,132	33,201	-16,749	60,887	-31,832	-777	2,630	5,262	-6,890	-27,783	3,716	3,000	1,742	8,990	-26,598	21,622	150,881	59,494	11,130	6,134
Appropriation of the result
Profit (loss) to be appropriated`9906`	305,909	247,777	214,576	231,325	170,438	202,270	203,179	200,814	195,552	203,850	231,633	227,917	224,918	223,175	214,186	240,784	219,162	68,281	8,787	-2,343
Profit (loss) brought forward from the previous period`14P`	247,777	214,576	231,325	170,438	202,270	-	-	-	-	231,633	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	132	265	-	1,408	-	-	-	-	-	-	-	-	-	-
Addition to contributions`691`	-	-	-	-	-	-	-	-	-	1,408	-	-	-	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	-	-	132	265	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	30-04-2026	2026-00096688	PDF
30-09-2024	abbreviated format	25-04-2025	2025-00075789	PDF
30-09-2023	abbreviated format	19-04-2024	2024-00065264	PDF
30-09-2022	abbreviated format	27-04-2023	2023-00068462	PDF
30-09-2021	abbreviated format	23-05-2022	2022-20031988	PDF
30-09-2020	abbreviated format	29-04-2021	2021-12000200	PDF
30-09-2019	abbreviated format	30-04-2020	2020-10500081	PDF
30-09-2018	abbreviated format	30-04-2019	2019-11600435	PDF
30-09-2017	abbreviated format	04-05-2018	2018-11800374	PDF
30-09-2016	abbreviated format	29-04-2017	2017-10500322	PDF
30-09-2015	abbreviated format	07-04-2016	2016-09400587	PDF
30-09-2014	abbreviated format	23-03-2015	2015-06700139	PDF
30-09-2013	abbreviated format	20-05-2014	2014-12700306	PDF
30-09-2012	abbreviated format	29-04-2013	2013-11200348	PDF
30-09-2011	abbreviated format	30-05-2012	2012-13000154	PDF
30-09-2010	abbreviated format	20-05-2011	2011-11600529	PDF
30-09-2009	abbreviated format	30-04-2010	2010-10300109	PDF
30-09-2008	abbreviated format	30-04-2009	2009-12400331	PDF
30-09-2007	abbreviated format	30-05-2008	2008-16600262	PDF
30-09-2006	abbreviated format	30-04-2007	2007-12900053	PDF
30-09-2005	abbreviated format	03-05-2006	2006-13200237	PDF
30-09-2004	abbreviated format	29-03-2005	2005-09201542	PDF
30-09-2003	abbreviated format	31-03-2004	2004-09504753	PDF
30-09-2002	abbreviated format	06-05-2003	2003-13203426	PDF
30-09-2001	abbreviated format	28-06-2002	2002-30101692	PDF
30-09-2000	abbreviated format	27-04-2001	2001-11002785	PDF
30-09-1999	abbreviated format	05-04-2000	2000-08300293	PDF
30-09-1998	abbreviated format	19-04-1999	1999-07803430	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	52,197	46,068	-5,436	-3,264	12,935	36,032	42,798	33,438	37,658	44,051	58,205	55,762	50,666	55,456	21,730	56,202	84,698	92,431	31,084	16,344
Cash flow	71,530	46,828	4,702	80,065	-17,762	10,757	14,079	9,330	-5,127	-24,031	9,493	9,884	8,530	16,231	-22,160	33,482	162,641	71,650	23,327	18,532
Investment in fixed assets (approximation)	3,249	7,293	3,463	49,970	14,671	25,280	91,024	13,725	-10,002	2.0m	3,248	2,663	0	10,711	16,131	26,380	839,250	1,000	698	55,318
Change in cash	37,807	-10,235	-35,672	44,415	-9,585	4,223	-61,733	55,910	2,212	5,739	3,485	992	-7,020	2,604	-18,461	-39,385	60,932	1,729	-2,793	-
Working capital	113,778	84,314	77,466	100,778	-31,566	22,879	57,959	155,788	113,073	124,078	146,141	151,414	153,460	153,017	155,113	196,973	193,793	4,999	-60,731	-87,439
Solvency	79.1%	77.9%	76.8%	76.1%	73.5%	74.2%	73.0%	73.6%	73.1%	72.9%	23.0%	22.2%	22.2%	21.8%	21.0%	22.9%	21.0%	62.3%	21.1%	10.9%
Current ratio	4.95	5.40	5.26	5.10	0.58	1.61	1.90	9.47	6.30	8.97	8.41	4.89	10.21	7.10	7.58	11.27	6.92	1.09	0.42	0.40
Debt to equity	0.02	0.01	0.01	0.01	0.04	0.02	0.03	0.01	0.01	0.01	0.10	0.17	0.08	0.12	0.12	0.09	0.15	0.61	3.75	8.17
ROE	2.5%	1.5%	-0.8%	2.7%	-1.5%	0.0%	0.1%	0.2%	-0.3%	-1.3%	1.5%	1.2%	0.7%	3.7%	-11.3%	8.3%	63.0%	67.0%	38.1%	33.9%
ROA	2.0%	1.1%	-0.6%	2.1%	-1.1%	0.0%	0.1%	0.2%	-0.2%	-0.9%	0.3%	0.3%	0.2%	0.8%	-2.4%	1.9%	13.3%	41.7%	8.0%	3.7%
Interest coverage	1.53	1.27	-0.14	-0.08	0.32	-	-	-	-	0.94	-	-	-	-	-	-	-	-	-	-

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	€3,249	€7,293	€1,263	€48,680	€14,671
Financial fixed assets	-	-	€2,200	€1,290	-
Depreciation and write-downs of the year	€13,398	€13,626	€21,450	€19,178	€14,070

CSPD

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency79.1%

Current ratio4.95

Return on assets2.0%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CSPD

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