ACTIVE

C.S.M.

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Financial year 2025 · Closed on 31/12/2025

Net result6,2 M €+229,4 %over 1 year

Revenue32,4 M €+12,0 %over 1 year

Equity15,1 M €+7,8 %over 1 year

Workforce127,6 ETP-2,3 %over 1 year

Identity

Source · BCE/KBO

C.S.M. is a Public limited company incorporated in 1976. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Hamont-Achel. It employs on average 127,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0416.505.231
Incorporation: 04/11/1976
Legal form: Public limited company
Registered office: Hamonterweg 103
3930 Hamont-Achel · FlandreSee on map
Contributed capital: 1 525 000,00 €
Latest accounts: 31/12/2025
Average workforce: 127,6 ETP

Activities (NACE)

25110Manufacture of metal structures and parts of structures· main 25110Manufacture of metal structures and parts of structures 28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	32,4 M €	+12.0%	28,9 M €	+38.9%	20,8 M €	-29.5%	29,5 M €	+8.9%	27,1 M €
EBITDA	8,8 M €	+197%	3 M €	+9.8%	2,7 M €	-3.4%	2,8 M €	-10.4%	3,1 M €
Operating result	8,2 M €	+250%	2,3 M €	+16.3%	2 M €	-1.1%	2 M €	-4.4%	2,1 M €
Net result	6,2 M €	+229%	1,9 M €	+13.2%	1,7 M €	+10.6%	1,5 M €	-1.9%	1,5 M €
Balance sheet
Equity	15,1 M €	+7.8%	14 M €	+9.8%	12,8 M €	+9.5%	11,7 M €	+9.4%	10,7 M €
Total assets	22,7 M €	-10.6%	25,4 M €	+7.8%	23,6 M €	+0.4%	23,5 M €	+12.7%	20,9 M €
Cash	1,2 M €	-19.2%	1,5 M €	-5.7%	1,6 M €	+0.9%	1,6 M €	-22.0%	2 M €
Debts	7,5 M €	-33.7%	11,3 M €	+5.6%	10,7 M €	-8.9%	11,7 M €	+16.4%	10,1 M €
Other
Workforce	127,6 ETP	-2.3%	130,6 ETP	-4.3%	136,5 ETP	-2.7%	140,3 ETP	-2.6%	144,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAB Management0811.829.622	Director06/05/2024 → 02/05/2028
QUATROBEL0693.778.939	Director06/05/2024 → 02/05/2028
John Cracco	Director22/12/2023 → 22/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yannick Buyck	Director22/12/2023 → 2023 accounts
FERTOR0870.717.332Represented by Manuel BUYCK	Director31/05/2021 → 2022 accounts
Tower Consulting0657.914.574Represented by Ingeborg PLOCHAET	Director01/01/2020 → 2023 accounts

Other companies at this address

Hamonterweg 103 3930 Hamont-Achel

Company	CBE no.
C.S.M. - ZWARE METAALBOUW● Active	0432.411.845
Hamont-Achel Steel Structures● Active	1010.526.501

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	22/05/2025	30/05/2024	15/06/2023	22/06/2022	23/06/2021
General meeting	04/05/2026	05/05/2025	06/05/2024	30/05/2023	30/05/2022	31/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	04/05/2026	22/05/2026	Dutch	PDF
Full model	31/12/2024	05/05/2025	22/05/2025	Dutch	PDF
Full model	31/12/2023	06/05/2024	30/05/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	15/06/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	22/06/2022	Dutch	PDF
Full model	31/12/2020	31/05/2021	23/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	04/06/2020	Dutch	PDF
Full model	31/12/2018	27/05/2019	20/06/2019	Dutch	PDF
Full model	31/12/2017	28/05/2018	26/06/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	22/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	14/06/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	04/06/2015	Dutch	PDF
Full model	31/12/2013	26/05/2014	24/06/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	12/06/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	04/06/2012	Dutch	PDF
Full model	31/12/2010	30/05/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	31/05/2010	21/06/2010	Dutch	PDF
Full model	31/12/2008	25/05/2009	22/06/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	17/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	20/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 10 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DAB Management0811.829.622	Director06/05/2024 → 02/05/2028
QUATROBEL0693.778.939	Director06/05/2024 → 02/05/2028
John Cracco	Director22/12/2023 → 22/12/2029

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Yannick Buyck	Director22/12/2023 → 2023 accounts
FERTOR0870.717.332Represented by Manuel BUYCK	Director31/05/2021 → 2022 accounts
Tower Consulting0657.914.574Represented by Ingeborg PLOCHAET	Director01/01/2020 → 2023 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates28/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2020
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

QUATROBEL

DAB Management

John Cracco

Yannick Buyck

FERTOR

Tower Consulting

B - STEEL

Pieter Vanderhenst

VICTOR BUYCK STEEL CONSTRUCTION

De Stalen Hand

John Buyck

Manuel Buyck

Show the other mandate

197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

C.S.M.

Hamonterweg 103, 3930 Hamont-Achel

Director

DirectorManaging director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Hamonterweg 103, 3930 Hamont-AchelCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00119596

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
C.S.M.Current	accounts 2021 → 2025	Accounts 2025 · 2026-00119596

Events

2025
Annual accounts 20256,2 M €↑
2024
Annual accounts 20241,9 M €↑
2023
Annual accounts 20231,7 M €↑
2022
Annual accounts 20221,5 M €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020863,2 k €↑
2019
Annual accounts 2019500,6 k €↑
2018
Annual accounts 2018271,9 k €↓
2017
Annual accounts 2017735,5 k €↓
2016
Annual accounts 20161,2 M €↓
2015
Annual accounts 20151,3 M €↑
2013
Annual accounts 2013268 k €↓
2012
Annual accounts 20121,3 M €↓
2011
Annual accounts 20112,3 M €↑
2010
Annual accounts 20101,8 M €↓
2009
Annual accounts 20095 M €↑
2008
Annual accounts 2008508,8 k €↓
2007
Annual accounts 2007509,1 k €↑
2006
Annual accounts 2006197,1 k €
04/11/1976
IncorporationPublic limited company

C.S.M.

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events