ACTIVE

C²S

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Financial year 2025 · closed on 30/09/2025

Net result

-6,4 k €

-102.7% YoY

Gross margin

21 k €

+16.2% YoY

Equity

73,4 k €

-8.0% YoY

What does C²S do?

C²S is a Public limited company incorporated in 1980. Its main activity is: Risk and damage evaluation. Its registered office is in Kasterlee.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.189.944

Incorporation

20/02/1980

Legal form

Public limited company

Registered office

Pellemanstraat 45
2460 Kasterlee · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

66210Risk and damage evaluation· main 66210Risk and damage evaluation 67202Experts en dommages et risques

Joint committees (1)

Signals

Good liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	21 k €	+16.2%	18,1 k €	-18.7%	22,2 k €	-64.5%	62,6 k €	-92.0%	781,5 k €	+943%	-92,7 k €	-226%	73,4 k €	+24.6%	58,9 k €	+555%	-12,9 k €	+89.6%	-124 k €	-159%	211 k €	+59.2%	132,6 k €	-76.9%	573,7 k €	+24.7%	459,9 k €	-9.6%	508,5 k €	+19.0%	427,2 k €	-21.0%	540,7 k €	+51.9%	355,9 k €	+7.1%	332,4 k €
EBITDA	20 k €	+23.5%	16,2 k €	-23.8%	21,2 k €	-65.7%	61,9 k €	-92.0%	776,5 k €	+862%	-101,9 k €	-299%	51,2 k €	+12.5%	45,6 k €	+229%	-35,2 k €	+75.7%	-145,2 k €	-433%	43,6 k €	+135%	-123,6 k €	-149%	250,7 k €	+84.6%	135,8 k €	-11.2%	152,9 k €	+47.0%	104 k €	-57.8%	246,2 k €	+156%	96,3 k €	+12.8%	85,4 k €
Operating result	2,5 k €	+73.9%	1,5 k €	-81.1%	7,7 k €	-87.3%	60,4 k €	-92.1%	764,4 k €	+702%	-127 k €	-471%	34,3 k €	+580%	5 k €	+108%	-64,9 k €	+59.6%	-160,6 k €	-659%	28,7 k €	+120%	-145,9 k €	-167%	216,5 k €	+115%	100,6 k €	-16.7%	120,8 k €	+66.7%	72,4 k €	-66.6%	217,1 k €	+189%	75,2 k €	+9.3%	68,8 k €
Net result	-6,4 k €	-103%	-3,2 k €	-181%	3,9 k €	-93.1%	57 k €	-91.8%	692,6 k €	+642%	-127,8 k €	-512%	31 k €	+4900%	619,5 €	+101%	-70,6 k €	+59.7%	-175,3 k €	-639%	-23,7 k €	+76.4%	-100,6 k €	-188%	114 k €	+210%	36,8 k €	-30.9%	53,2 k €	+67.9%	31,7 k €	-74.5%	124,2 k €	+242%	36,3 k €	+61.8%	22,4 k €
Balance sheet
Equity	73,4 k €	-8.0%	79,8 k €	-3.8%	83 k €	+4.9%	79,1 k €	+9.6%	72,1 k €	+337%	-30,4 k €	-131%	97,3 k €	+46.7%	66,3 k €	+0.9%	65,7 k €	-51.8%	136,3 k €	-56.3%	311,7 k €	-7.1%	335,4 k €	-23.1%	436 k €	+35.4%	322 k €	+12.9%	285,2 k €	-12.8%	326,9 k €	+10.7%	295,2 k €	-0.3%	296 k €	+14.0%	259,7 k €
Total assets	277,3 k €	+1.2%	274,1 k €	-10.8%	307,1 k €	-38.1%	496,5 k €	-46.3%	924,7 k €	+37.9%	670,7 k €	-16.1%	799,8 k €	-0.1%	800,8 k €	-9.9%	888,6 k €	-1.1%	898,7 k €	+26.4%	710,8 k €	-8.8%	779,6 k €	-16.5%	934,1 k €	+6.9%	873,5 k €	+4.2%	838 k €	-15.4%	990 k €	-6.8%	1,1 M €	+40.3%	757,7 k €	+5.3%	719,5 k €
Cash	–		471,4 €	-94.9%	9,3 k €	+238%	2,7 k €	-37.0%	4,4 k €	+43.1%	3 k €	+13.4%	2,7 k €	-77.1%	11,7 k €	-73.3%	43,8 k €	-29.7%	62,3 k €	-65.1%	178,6 k €	-11.0%	200,7 k €	+130%	87,2 k €	-31.8%	127,8 k €	+118%	58,6 k €	+18.3%	49,6 k €	-14.2%	57,8 k €	-56.4%	132,4 k €	+646%	17,8 k €
Debts	203,9 k €	+4.9%	194,3 k €	-13.3%	224,1 k €	-46.3%	417,4 k €	-51.0%	852,5 k €	+21.6%	701,2 k €	-0.2%	702,5 k €	-4.3%	734 k €	-10.8%	822,9 k €	+9.1%	754,3 k €	+90.6%	395,7 k €	-10.4%	441,7 k €	-10.9%	495,7 k €	-9.5%	547,8 k €	-0.4%	549,7 k €	-17.1%	663,1 k €	-13.6%	767,5 k €	+66.3%	461,7 k €	+0.4%	459,7 k €
Other
Workforce	–		–		–		–		0,1 ETP	0.0%	0,1 ETP	-50.0%	0,2 ETP	0.0%	0,2 ETP		–		0,8 ETP	-70.4%	2,7 ETP	-38.6%	4,4 ETP	-18.5%	5,4 ETP	-3.6%	5,6 ETP	-3.4%	5,8 ETP	-3.3%	6,0 ETP	+3.4%	5,8 ETP	+16.0%	5,0 ETP	0.0%	5,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 19 ended

Active mandates

Lindsay Cornet

Bestuurder · since 30 mai 2023

Active

Ended mandates

C.S.G.

Director · since 15 février 2016 · until 01 mars 2022 · 0645.595.277

Represented by Lindsay Cornet

Ended

C.S.G.

Managing director · since 15 février 2016 · until 01 mars 2021 · 0645.595.277

Represented by Lindsay Cornet

Ended

C.S.G.

Managing director · since 15 février 2016 · until 01 mars 2022 · 0645.595.277

Represented by Lindsay Cornet

Ended

Lindsay Cornet

Director · since 15 février 2016 · until 01 mars 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	11/03/2026	30/05/2025	05/01/2024	19/12/2022	14/03/2022	31/03/2021
General meeting	01/03/2026	01/03/2025	01/12/2023	01/12/2022	01/03/2022	01/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	01/03/2026	11/03/2026	Dutch	PDF
Micro model	30/09/2024	01/03/2025	30/05/2025	Dutch	PDF
Micro model	30/09/2023	01/12/2023	05/01/2024	Dutch	PDF
Abridged model	30/09/2022	01/12/2022	19/12/2022	Dutch	PDF
Abridged model	30/09/2021	01/03/2022	14/03/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	02/03/2020	19/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	11/03/2019	Dutch	PDF
Micro model	30/09/2017	01/03/2018	06/03/2018	Dutch	PDF
Abridged model	30/09/2016	01/03/2017	01/03/2017	Dutch	PDF
Abridged model	30/09/2015	30/03/2016	04/04/2016	Dutch	PDF
Abridged model	30/09/2014	01/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	01/03/2014	22/04/2014	Dutch	PDF
Abridged model	30/09/2012	21/05/2013	29/05/2013	Dutch	PDF
Abridged model	30/09/2011	03/04/2012	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	18/04/2011	31/05/2011	Dutch	PDF
Abridged model	30/09/2009	22/02/2010	29/04/2010	Dutch	PDF
Abridged model	30/09/2008	02/02/2009	16/03/2009	Dutch	PDF
Abridged model	30/09/2007	22/02/2008	02/04/2008	Dutch	PDF
Abridged model	30/09/2006	22/02/2007	22/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 19 ended

Active mandates

Lindsay Cornet

Bestuurder · since 30 mai 2023

Active

Ended mandates

C.S.G.

Director · since 15 février 2016 · until 01 mars 2022 · 0645.595.277

Represented by Lindsay Cornet

Ended

C.S.G.

Managing director · since 15 février 2016 · until 01 mars 2021 · 0645.595.277

Represented by Lindsay Cornet

Ended

C.S.G.

Managing director · since 15 février 2016 · until 01 mars 2022 · 0645.595.277

Represented by Lindsay Cornet

Ended

Lindsay Cornet

Director · since 15 février 2016 · until 01 mars 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office16/07/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other11/05/2017
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/03/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other24/03/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office10/03/2014
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-6,4 k €↓
2024
Annual accounts 2024-3,2 k €↓
2023
Annual accounts 20233,9 k €↓
2022
Annual accounts 202257 k €↓
2021
Annual accounts 2021692,6 k €↑
2020
Annual accounts 2020-127,8 k €↓
2019
Annual accounts 201931 k €↑
2018
Annual accounts 2018619,5 €↑
2017
Annual accounts 2017-70,6 k €↑
2016
Annual accounts 2016-175,3 k €↓
2015
Annual accounts 2015-23,7 k €↑
2014
Annual accounts 2014-100,6 k €↓
2013
Annual accounts 2013114 k €↑
2012
Annual accounts 201236,8 k €↓
2011
Annual accounts 201153,2 k €↑
2010
Annual accounts 201031,7 k €↓
2009
Annual accounts 2009124,2 k €↑
2008
Annual accounts 200836,3 k €↑
2007
Annual accounts 200722,4 k €
20/02/1980
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

C²S

Overview

What does C²S do?

Trend over 19 financial years

Indicative valuation

Board of directors

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