ACTIVE

COSTMASTERS

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Financial year 2025 · closed on 31/12/2025

Net result

112,1 k €

+35.9% YoY

Gross margin

240,1 k €

+27.2% YoY

Equity

494 k €

+25.3% YoY

Workforce

1,0 ETP

0.0% YoY

What does COSTMASTERS do?

COSTMASTERS is a Private limited company incorporated in 1987. Its main activity is: Accounting, bookkeeping and auditing activities; tax consultancy. Its registered office is in Uccle. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.342.856

Incorporation

29/10/1987

Legal form

Private limited company

Registered office

Avenue de Saturne 21 a
1180 Uccle · BruxellesSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

69201Accounting, bookkeeping and auditing activities; tax consultancy· main 69202Accounting, bookkeeping and auditing activities; tax consultancy 74121Specialised design activities 69201Accounting, bookkeeping and auditing activities; tax consultancy 74124Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	240,1 k €	+27.2%	188,8 k €	+14.1%	165,4 k €	+6.9%	154,8 k €	+17.3%	132 k €	+5.1%	125,6 k €	+40.3%	89,6 k €	+19.7%	74,8 k €	-18.9%	92,3 k €	+495%	15,5 k €	-1.0%	15,7 k €	-68.8%	50,2 k €	+246%	14,5 k €	-58.2%	34,7 k €	+19.2%	29,1 k €	-24.2%	38,4 k €	-69.0%	124 k €	+269%	33,6 k €	-51.9%	69,9 k €	+144%	28,6 k €
EBITDA	192,5 k €	+32.7%	145,1 k €	+17.6%	123,3 k €	+7.7%	114,6 k €	+23.4%	92,8 k €	+7.6%	86,3 k €	+64.0%	52,6 k €	+32.8%	39,6 k €	-26.9%	54,2 k €	+662%	7,1 k €	-41.6%	12,2 k €	-74.1%	47 k €	+335%	10,8 k €	-65.8%	31,6 k €	+54.4%	20,5 k €	+60.9%	12,7 k €	-48.7%	24,8 k €	-21.0%	31,4 k €	-38.2%	50,8 k €	+92.8%	26,3 k €
Operating result	178,7 k €	+37.1%	130,3 k €	+20.4%	108,3 k €	+10.9%	97,6 k €	+43.4%	68,1 k €	+10.6%	61,5 k €	+126%	27,3 k €	+92.2%	14,2 k €	-49.9%	28,3 k €	+316%	-13,1 k €	-60.1%	-8,2 k €	-147%	17,3 k €	+420%	-5,4 k €	-146%	11,7 k €	+224%	3,6 k €	+199%	-3,6 k €	-151%	7,2 k €	-24.3%	9,5 k €	-42.5%	16,5 k €	+38.8%	11,9 k €
Net result	112,1 k €	+35.9%	82,5 k €	+26.0%	65,5 k €	+3.8%	63,1 k €	+42.2%	44,4 k €	+5.6%	42 k €	+137%	17,8 k €	+35.3%	13,1 k €	-9.4%	14,5 k €	+157%	-25,5 k €	-11.2%	-23 k €	-684%	3,9 k €	+122%	-17,7 k €	-1464%	1,3 k €	+175%	-1,7 k €	+82.3%	-9,7 k €	-495%	-1,6 k €	-307%	789,5 €	-90.5%	8,3 k €	+908%	822,4 €
Balance sheet
Equity	494 k €	+25.3%	394,2 k €	+21.8%	323,7 k €	+24.8%	259,4 k €	+32.1%	196,4 k €	+29.2%	152 k €	+38.2%	110 k €	+19.2%	92,3 k €	+16.6%	79,2 k €	+22.4%	64,7 k €	-28.3%	90,2 k €	-20.3%	113,1 k €	+3.6%	109,2 k €	-13.9%	126,9 k €	+1.3%	125,3 k €	-1.4%	127 k €	-7.1%	136,7 k €	-1.2%	138,4 k €	+0.6%	137,6 k €	+6.4%	129,3 k €
Total assets	1,1 M €	-5.2%	1,1 M €	+5.5%	1,1 M €	+4.1%	1 M €	+2.6%	1 M €	+1.3%	996,2 k €	+0.8%	988,3 k €	+2.5%	964,6 k €	-0.0%	964,8 k €	+2.3%	942,7 k €	-2.0%	962 k €	-4.6%	1 M €	+0.5%	1 M €	+68.4%	595,9 k €	+17.9%	505,6 k €	-4.1%	526,9 k €	-1.1%	532,6 k €	-1.4%	540,1 k €	+1.8%	530,3 k €	+18.5%	447,6 k €
Cash	135,5 k €	+5.5%	128,4 k €	-19.0%	158,5 k €	-2.5%	162,6 k €	+67.2%	97,2 k €	-16.2%	115,9 k €	+84.6%	62,8 k €	-47.3%	119,2 k €	+30.5%	91,3 k €	+5.4%	86,7 k €	+0.8%	86 k €	-6.2%	91,7 k €	+9.0%	84,1 k €	-29.6%	119,4 k €	+539%	18,7 k €	+15.5%	16,2 k €	+18.1%	13,7 k €	-41.7%	23,5 k €	+187%	8,2 k €	+79.2%	4,6 k €
Debts	440,1 k €	-26.4%	597,9 k €	-1.6%	607,9 k €	-3.3%	628,5 k €	-5.4%	664,1 k €	-4.3%	693,9 k €	-4.5%	726,9 k €	+1.0%	719,8 k €	-1.7%	732,1 k €	+4.4%	701,2 k €	-0.5%	704,5 k €	-3.4%	729,1 k €	+0.3%	727 k €	+135%	309,9 k €	+40.8%	220,1 k €	-10.1%	244,9 k €	-6.8%	262,9 k €	-27.9%	364,6 k €	+2.8%	354,5 k €	+27.1%	279 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		0,5 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Charles Markowicz

Director

Active

Ended mandates

Charles Markowicz

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	18/05/2026	06/05/2025	25/06/2024	05/06/2023	22/06/2022	16/06/2021
General meeting	04/05/2026	02/05/2025	03/05/2024	06/05/2023	07/05/2022	03/05/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	18/05/2026	French	PDF
Abridged model	31/12/2024	02/05/2025	06/05/2025	French	PDF
Abridged model	31/12/2023	03/05/2024	25/06/2024	French	PDF
Abridged model	31/12/2022	06/05/2023	05/06/2023	French	PDF
Abridged model	31/12/2021	07/05/2022	22/06/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	02/05/2020	27/08/2020	French	PDF
Abridged model	31/12/2018	04/05/2019	17/07/2019	French	PDF
Abridged model	31/12/2017	05/05/2018	22/08/2018	French	PDF
Micro model	31/12/2016	06/05/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	25/04/2016	26/04/2016	French	PDF
Abridged model	31/12/2014	02/05/2015	22/05/2015	French	PDF
Abridged model	31/12/2013	03/05/2014	16/07/2014	French	PDF
Abridged model	31/12/2012	03/05/2013	22/05/2013	French	PDF
Abridged model	31/12/2011	07/05/2012	16/05/2012	French	PDF
Abridged model	31/12/2010	02/05/2011	17/05/2011	French	PDF
Abridged model	31/12/2009	20/04/2010	20/04/2010	French	PDF
Abridged model	31/12/2008	26/06/2009	15/07/2009	French	PDF
Abridged model	31/12/2007	01/06/2008	30/07/2008	French	PDF
Abridged model	31/12/2006	20/05/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Charles Markowicz

Director

Active

Ended mandates

Charles Markowicz

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring10/11/2023
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring07/09/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates11/02/2004
DENOMINATION - SIEGE SOCIAL - MODIFICATION FORME JURIDIQUE
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 2025112,1 k €↑
2024
Annual accounts 202482,5 k €↑
2023
Annual accounts 202365,5 k €↑
2022
Annual accounts 202263,1 k €↑
2021
Annual accounts 202144,4 k €↑
2020
Annual accounts 202042 k €↑
2019
Annual accounts 201917,8 k €↑
2018
Annual accounts 201813,1 k €↓
2017
Annual accounts 201714,5 k €↑
2016
Annual accounts 2016-25,5 k €↓
2015
Annual accounts 2015-23 k €↓
2014
Annual accounts 20143,9 k €↑
2013
Annual accounts 2013-17,7 k €↓
2012
Annual accounts 20121,3 k €↑
2011
Annual accounts 2011-1,7 k €↑
2010
Annual accounts 2010-9,7 k €↓
2009
Annual accounts 2009-1,6 k €↓
2008
Annual accounts 2008789,5 €↓
2007
Annual accounts 20078,3 k €↑
2006
Annual accounts 2006822,4 €
29/10/1987
IncorporationPrivate 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

COSTMASTERS

Overview

What does COSTMASTERS do?

Trend over 20 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