ACTIVE

C.T.S.

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Financial year 2025 · closed on 31/12/2025

Net result

10,3 k €

+81.2% YoY

Gross margin

90,9 k €

+28.2% YoY

Equity

812,2 k €

+1.3% YoY

What does C.T.S. do?

C.T.S. is a Public limited company incorporated in 1988. Its registered office is in Wevelgem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0434.585.041

Incorporation

13/06/1988

Legal form

Public limited company

Registered office

Vliegveld 31
8560 Wevelgem · FlandreSee on map

Contributed capital

76 000,00 €

Latest accounts

31/12/2025

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

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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		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	90,9 k €	+28.2%	70,9 k €	+31.9%	53,8 k €	-44.3%	96,5 k €	-4.5%	101 k €	-42.3%	174,9 k €	+8.9%	160,6 k €	+14.8%	139,8 k €	+20.8%	115,7 k €	-6.3%	123,5 k €	-29.3%	174,6 k €	+2.7%	169,9 k €	+1.0%	168,2 k €	-10.5%	188 k €	-6.1%	200,2 k €	+51.8%	131,9 k €	-4.7%	138,4 k €	-47.5%	263,5 k €	-15.0%	310,2 k €
EBITDA	75,3 k €	+29.2%	58,3 k €	+53.9%	37,9 k €	-53.1%	80,9 k €	-5.1%	85,2 k €	-46.8%	159,9 k €	+61.9%	98,8 k €	+14.8%	86 k €	+32.7%	64,8 k €	-16.7%	77,8 k €	-37.0%	123,4 k €	+3.9%	118,8 k €	+2.4%	116 k €	+0.8%	115,1 k €	-12.1%	131 k €	+65.9%	79 k €	+451%	14,3 k €	-92.5%	191 k €	-25.4%	256,2 k €
Operating result	27,7 k €	+10.6%	25,1 k €	+1153%	2 k €	-89.8%	19,6 k €	+10.6%	17,7 k €	-80.4%	90,5 k €	+276%	24,1 k €	-4.4%	25,2 k €	+195%	8,5 k €	-68.2%	26,9 k €	-59.1%	65,7 k €	+36.5%	48,1 k €	+15.6%	41,6 k €	-9.3%	45,9 k €	-23.4%	59,9 k €	+152%	23,7 k €	+152%	-45,4 k €	-169%	65,9 k €	+84.8%	35,7 k €
Net result	10,3 k €	+81.2%	5,7 k €	-87.0%	43,8 k €	+218%	13,8 k €	+81.3%	7,6 k €	-89.0%	68,9 k €	+352%	15,2 k €	-3.7%	15,8 k €	+7094%	220 €	-99.0%	21,8 k €	-44.3%	39,1 k €	+260%	10,9 k €	+120%	4,9 k €	-28.6%	6,9 k €	-50.7%	14 k €	+568%	2,1 k €	+105%	-42,6 k €	-329%	18,6 k €	+275%	-10,6 k €
Balance sheet
Equity	812,2 k €	+1.3%	801,8 k €	+0.7%	796,1 k €	+5.8%	752,3 k €	+1.9%	738,5 k €	+1.0%	730,9 k €	+10.4%	662 k €	+2.4%	646,8 k €	+2.5%	630,9 k €	+0.0%	630,7 k €	+3.6%	608,9 k €	-29.2%	860,2 k €	+1.3%	849,3 k €	+0.6%	844,4 k €	+0.8%	837,5 k €	+441%	154,8 k €	+1.4%	152,7 k €	-21.8%	195,3 k €	+5.2%	185,7 k €
Total assets	1,1 M €	-2.9%	1,2 M €	-1.6%	1,2 M €	-4.3%	1,2 M €	-7.3%	1,3 M €	-1.0%	1,4 M €	+2.4%	1,3 M €	+6.4%	1,2 M €	-3.2%	1,3 M €	-3.7%	1,3 M €	-4.8%	1,4 M €	-26.3%	1,9 M €	+0.9%	1,9 M €	+0.4%	1,9 M €	-8.0%	2 M €	+57.4%	1,3 M €	+18.2%	1,1 M €	-14.8%	1,3 M €	-10.0%	1,4 M €
Cash	31 k €	+34.4%	23,1 k €	-35.4%	35,7 k €	-13.5%	41,3 k €	-37.8%	66,4 k €	+188%	23,1 k €	+145%	9,4 k €	-51.3%	19,3 k €	+7.6%	18 k €	-69.9%	59,7 k €	+157%	23,2 k €	+22.0%	19 k €	+48.5%	12,8 k €	+36.7%	9,4 k €	-59.5%	23,1 k €	+4.8%	22,1 k €	-47.9%	42,4 k €	-28.7%	59,4 k €	+202%	19,7 k €
Debts	325,3 k €	-9.2%	358,4 k €	-6.8%	384,7 k €	-9.1%	423,4 k €	-20.9%	535,3 k €	-3.8%	556,3 k €	-5.5%	588,7 k €	+11.3%	529,1 k €	-9.5%	584,6 k €	-7.8%	634,3 k €	-12.4%	724,5 k €	-24.7%	962,4 k €	+0.2%	960,3 k €	+0.1%	959 k €	-15.1%	1,1 M €	+5.3%	1,1 M €	+22.9%	872,5 k €	-15.9%	1 M €	-12.7%	1,2 M €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		1,0 ETP	-9.1%	1,1 ETP	+10.0%	1,0 ETP	-28.6%	1,4 ETP	+27.3%	1,1 ETP	0.0%	1,1 ETP	-8.3%	1,2 ETP	-60.0%	3,0 ETP	+200%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

C.T.S.

Director · 0434.585.041

Represented by Glenn Heernaert

Active

Ended mandates

Cecile Busschaert

Director

Ended

Jacques Isebaert

Director

Ended

Louis Isebaert

Director

Ended

Louis Isebaert

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
ILOUPA● Active	1025.653.452
TERRACORRECT● Active	0567.547.790

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	01/07/2026	03/06/2025	07/06/2024	14/06/2023	27/06/2022	08/06/2021
General meeting	30/06/2026	02/06/2025	03/06/2024	05/06/2023	06/06/2022	07/06/2021
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	31/12/2025	30/06/2026	01/07/2026	Dutch	PDF
Micro model	31/12/2024	02/06/2025	03/06/2025	Dutch	PDF
Micro model	31/12/2023	03/06/2024	07/06/2024	Dutch	PDF
Micro model	31/12/2022	05/06/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	06/06/2022	27/06/2022	Dutch	PDF
Micro model	31/12/2020	07/06/2021	08/06/2021	Dutch	PDF
Micro model	31/12/2019	01/06/2020	12/06/2020	Dutch	PDF
Micro model	31/12/2018	03/06/2019	13/06/2019	Dutch	PDF
Micro model	31/12/2017	04/06/2018	18/06/2018	Dutch	PDF
Micro model	31/12/2016	06/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	17/08/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	25/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	17/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	28/08/2012	Dutch	PDF
Abridged model	31/12/2010	06/06/2011	17/06/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	08/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 31/12/2025 · 1 active · 5 ended

Active mandates

C.T.S.

Director · 0434.585.041

Represented by Glenn Heernaert

Active

Ended mandates

Cecile Busschaert

Director

Ended

Jacques Isebaert

Director

Ended

Louis Isebaert

Director

Ended

Louis Isebaert

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring04/12/2014
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring12/06/2014
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates23/04/2010
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 202510,3 k €↑
2024
Annual accounts 20245,7 k €↓
2023
Annual accounts 202343,8 k €↑
2022
Annual accounts 202213,8 k €↑
2021
Annual accounts 20217,6 k €↓
2021
Name changeCTS
2020
Annual accounts 202068,9 k €↑
2019
Annual accounts 201915,2 k €↓
2018
Annual accounts 201815,8 k €↑
2017
Annual accounts 2017220 €↓
2016
Annual accounts 201621,8 k €↓
2015
Annual accounts 201539,1 k €↑
2013
Annual accounts 201310,9 k €↑
2012
Annual accounts 20124,9 k €↓
2011
Annual accounts 20116,9 k €↓
2010
Annual accounts 201014 k €↑
2009
Annual accounts 20092,1 k €↑
2008
Annual accounts 2008-42,6 k €↓
2007
Annual accounts 200718,6 k €↑
2006
Annual accounts 2006-10,6 k €
2006
Name changeC.T.S.
13/06/1988
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

C.T.S.

Overview

What does C.T.S. do?

Trend over 19 financial years

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