ACTIVE

C.U.M.A. SYSTEME D.

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Financial year 2025 · closed on 31/12/2025

Net result

-16 k €

-252.3% YoY

Gross margin

4,1 k €

-75.6% YoY

Equity

22,3 k €

-44.2% YoY

What does C.U.M.A. SYSTEME D. do?

C.U.M.A. SYSTEME D. is a Cooperative society incorporated in 1992. Its main activity is: Raising of dairy cattle. Its registered office is in Ferrières.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.455.654

Incorporation

12/05/1992

Legal form

Cooperative society

Registered office

Route des Fagnes 23
4190 Ferrières · WallonieSee on map

Contributed capital

9 915,74 €

Latest accounts

31/12/2025

Activities (NACE)

01410Raising of dairy cattle· main 01610Support activities for crop production 01610Support activities for crop production 71310Architectural and engineering activities; technical testing and analysis 77310Rental and leasing of agricultural machinery and equipment 77310Rental and leasing of agricultural machinery and equipment

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	4,1 k €	-75.6%	17 k €	-3.1%	17,5 k €	-34.5%	26,7 k €	-8.5%	29,2 k €	+2656%	1,1 k €	-94.5%	19,1 k €	-56.2%	43,6 k €	+97.9%	22 k €	-39.7%	36,5 k €	+58.6%	23 k €	-5.0%	24,3 k €	-26.9%	33,2 k €	-13.9%	38,5 k €	-20.7%	48,5 k €	-4.4%	50,8 k €	-12.6%	58,1 k €	-10.0%	64,5 k €	-13.6%	74,7 k €	+73.5%	43 k €
EBITDA	3,7 k €	-77.4%	16,5 k €	-3.2%	17,1 k €	-35.3%	26,4 k €	-8.4%	28,8 k €	+4279%	658 €	-96.5%	18,7 k €	-56.7%	43,2 k €	+99.7%	21,6 k €	-40.0%	36,1 k €	+59.8%	22,6 k €	+9.7%	20,6 k €	-37.1%	32,7 k €	-14.0%	38 k €	-20.9%	48,1 k €	-4.4%	50,3 k €	-12.7%	57,6 k €	-10.1%	64,1 k €	-13.7%	74,2 k €	+81.7%	40,9 k €
Operating result	-18 k €	-192%	-6,1 k €	-9.7%	-5,6 k €	-197%	5,8 k €	+148%	2,3 k €	+109%	-24,6 k €	-323%	-5,8 k €	-131%	18,7 k €	+136%	7,9 k €	-38.7%	12,9 k €	+1455%	-955 €	+90.1%	-9,7 k €	+12.4%	-11 k €	+3.3%	-11,4 k €	-69.2%	-6,8 k €	-48.9%	-4,5 k €	-3699%	126 €	-86.4%	928 €	-91.6%	11,1 k €	+225%	-8,9 k €
Net result	-16 k €	-252%	-4,5 k €	-86.1%	-2,4 k €	-128%	8,6 k €	-11.8%	9,8 k €	+158%	-17 k €	-480%	-2,9 k €	-117%	17,7 k €	+163%	6,7 k €	-50.6%	13,6 k €	+2818%	-501 €	+92.4%	-6,6 k €	+24.8%	-8,8 k €	+0.5%	-8,8 k €	-2091%	-402 €	-108%	5,1 k €	+116%	2,4 k €	+262%	-1,5 k €	-110%	14,4 k €	+547%	-3,2 k €
Balance sheet
Equity	22,3 k €	-44.2%	39,9 k €	-14.5%	46,7 k €	-11.0%	52,5 k €	+11.2%	47,2 k €	+3.1%	45,8 k €	-15.8%	54,3 k €	+20.8%	45 k €	+64.7%	27,3 k €	+32.7%	20,6 k €	+137%	8,7 k €	-22.9%	11,3 k €	-49.7%	22,4 k €	-37.8%	36 k €	-29.0%	50,7 k €	-14.8%	59,5 k €	+9.2%	54,5 k €	-9.0%	59,9 k €	-14.2%	69,8 k €	+9.4%	63,8 k €
Total assets	28,9 k €	-44.4%	51,9 k €	-30.1%	74,2 k €	-17.7%	90,2 k €	-13.4%	104,2 k €	-9.3%	114,8 k €	-24.9%	153 k €	-10.1%	170,2 k €	+87.2%	90,9 k €	+45.1%	62,7 k €	-11.3%	70,6 k €	-24.4%	93,4 k €	-25.8%	125,8 k €	-26.0%	170,1 k €	+21.0%	140,5 k €	-27.4%	193,5 k €	-22.8%	250,7 k €	-18.6%	308 k €	-17.1%	371,5 k €	+12.1%	331,3 k €
Cash	6,4 k €	+68.9%	3,8 k €	-32.4%	5,6 k €	+87.5%	3 k €	-81.7%	16,3 k €	+11.9%	14,6 k €	-45.7%	26,8 k €	+7.5%	25 k €	+552%	3,8 k €	+41.9%	2,7 k €	-8.0%	2,9 k €	-1.2%	3 k €	+198%	995 €	+805%	110 €	-94.8%	2,1 k €	-7.5%	2,3 k €	+9.2%	2,1 k €	+229%	637 €	-44.0%	1,1 k €	+75.3%	649 €
Debts	6,6 k €	-45.1%	12 k €	-56.4%	27,5 k €	-27.1%	37,7 k €	-33.9%	57 k €	-17.4%	69,1 k €	-21.4%	87,8 k €	-29.8%	125,2 k €	+96.9%	63,6 k €	+51.2%	42,1 k €	-31.4%	61,3 k €	-24.1%	80,8 k €	-19.7%	100,6 k €	-22.4%	129,6 k €	+55.4%	83,4 k €	-33.2%	124,8 k €	-33.3%	187 k €	-20.9%	236,3 k €	-17.7%	287,1 k €	+14.8%	250,1 k €

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 31/12/2025 · 4 active · 7 ended

Active mandates

Didier DELMOTTE

Mandate

Active

José BEAUDOINT

Mandate

Active

Michel DELMOTTE

Mandate

Active

Philippe RASSE

Mandate

Active

Ended mandates

Didier DELMOTTE

Director

Ended

Didier DELMOTTE

Managing director

Ended

José BEAUDOIN

Director

Ended

José BEAUDOINT

Director

Ended

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	28/07/2026	21/08/2025	02/08/2024	18/08/2023	26/08/2022	30/08/2021
General meeting	30/06/2026	27/06/2025	28/06/2024	21/06/2023	15/06/2022	16/06/2021
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	28/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	21/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	02/08/2024	French	PDF
Micro model	31/12/2022	21/06/2023	18/08/2023	French	PDF
Micro model	31/12/2021	15/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	16/06/2021	30/08/2021	French	PDF
Micro model	31/12/2019	17/06/2020	31/08/2020	French	PDF
Micro model	31/12/2018	19/06/2019	30/07/2019	French	PDF
Micro model	31/12/2017	20/06/2018	30/07/2018	French	PDF
Micro model	31/12/2016	21/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	15/06/2016	28/07/2016	French	PDF
Abridged model	31/12/2014	17/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	18/06/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	14/06/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	29/06/2011	French	PDF
Abridged model	31/12/2009	16/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	15/06/2009	19/06/2009	French	PDF
Abridged model	31/12/2007	16/06/2008	20/06/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	26/07/2007	French	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 31/12/2025 · 4 active · 7 ended

Active mandates

Didier DELMOTTE

Mandate

Active

José BEAUDOINT

Mandate

Active

Michel DELMOTTE

Mandate

Active

Philippe RASSE

Mandate

Active

Ended mandates

Didier DELMOTTE

Director

Ended

Didier DELMOTTE

Managing director

Ended

José BEAUDOIN

Director

Ended

José BEAUDOINT

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates04/02/2004
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 2025-16 k €↓
2024
Annual accounts 2024-4,5 k €↓
2024
Name changeCUMA SYSTEME D SC
2023
Annual accounts 2023-2,4 k €↓
2023
Name changeC.U.M.A. SYSTEME D.
2022
Annual accounts 20228,6 k €↓
2021
Annual accounts 20219,8 k €↑
2021
Name changeCUMA SYSTEME D
2020
Annual accounts 2020-17 k €↓
2019
Annual accounts 2019-2,9 k €↓
2018
Annual accounts 201817,7 k €↑
2017
Annual accounts 20176,7 k €↓
2016
Annual accounts 201613,6 k €↑
2015
Annual accounts 2015-501 €↑
2014
Annual accounts 2014-6,6 k €↑
2013
Annual accounts 2013-8,8 k €↑
2012
Annual accounts 2012-8,8 k €↓
2011
Annual accounts 2011-402 €↓
2010
Annual accounts 20105,1 k €↑
2009
Annual accounts 20092,4 k €↑
2008
Annual accounts 2008-1,5 k €↓
2007
Annual accounts 200714,4 k €↑
2006
Annual accounts 2006-3,2 k €
12/05/1992
IncorporationCooperative society

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.U.M.A. SYSTEME D.

Overview

What does C.U.M.A. SYSTEME D. 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