ACTIVE

CIMA

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Financial year 2025 · closed on 31/12/2025

Net result

5,9 k €

-92.2% YoY

Gross margin

373,3 k €

-11.1% YoY

Equity

548,4 k €

-7.8% YoY

Workforce

8,5 ETP

+14.9% YoY

What does CIMA do?

CIMA is a Private limited company incorporated in 1992. Its registered office is in Marche-en-Famenne. It employs on average 8,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.562.948

Incorporation

05/06/1992

Legal form

Private limited company

Registered office

Aye, Rue Borchamps 4A
6900 Marche-en-Famenne · WallonieSee on map

Contributed capital

80 000,00 €

Latest accounts

31/12/2025

Average workforce

8,5 ETP

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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	373,3 k €	-11.1%	420 k €	+2.7%	408,8 k €	-14.6%	478,7 k €	-18.5%	587,3 k €	+54.7%	379,5 k €	+63.8%	231,6 k €	+91.8%	120,8 k €	-10.6%	135,2 k €	-53.4%	290 k €	+13.7%	255,1 k €	-10.8%	286,1 k €	+6.3%	269,2 k €	+14.9%	234,4 k €	-13.7%	271,4 k €	-1.3%	275 k €	+16.2%	236,7 k €	-9.9%	262,9 k €	+2.0%	257,8 k €	+24.3%	207,5 k €
EBITDA	40,1 k €	-68.5%	127,3 k €	+6.9%	119,1 k €	-38.2%	192,6 k €	-38.0%	310,9 k €	+48.4%	209,4 k €	+112%	98,7 k €	+2782%	3,4 k €	+214%	-3 k €	-104%	69,5 k €	+510%	11,4 k €	-64.4%	32 k €	-4.5%	33,5 k €	+3654%	-942 €	-102%	37,9 k €	+20.4%	31,5 k €	+2.0%	30,9 k €	-43.5%	54,6 k €	+75.7%	31,1 k €	+36.4%	22,8 k €
Operating result	-4,4 k €	-105%	90,5 k €	+9.5%	82,7 k €	-43.5%	146,2 k €	-46.2%	271,7 k €	+51.4%	179,5 k €	+162%	68,4 k €	+1114%	-6,7 k €	-43.3%	-4,7 k €	-108%	60,7 k €	+2000%	-3,2 k €	-149%	6,5 k €	-2.8%	6,7 k €	+115%	-45,7 k €	-9889%	-457 €	+64.8%	-1,3 k €	-115%	8,7 k €	-76.6%	37,1 k €	+49.3%	24,9 k €	+231%	7,5 k €
Net result	5,9 k €	-92.2%	75,4 k €	+8.2%	69,7 k €	-43.7%	123,9 k €	-38.9%	202,8 k €	+34.1%	151,3 k €	+151%	60,2 k €	+23526%	254,8 €	-58.2%	609,2 €	-98.8%	49,9 k €	+6318%	778 €	-91.6%	9,2 k €	-4.5%	9,7 k €	+120%	-47,5 k €	-3039%	-1,5 k €	-263%	930 €	-85.2%	6,3 k €	-71.3%	21,9 k €	+120%	9,9 k €	+165%	3,7 k €
Balance sheet
Equity	548,4 k €	-7.8%	595,1 k €	+0.9%	589,7 k €	+13.4%	520 k €	+31.3%	396,2 k €	+32.4%	299,3 k €	+34.1%	223,3 k €	+36.9%	163,1 k €	+0.2%	162,8 k €	+0.4%	162,2 k €	+44.5%	112,3 k €	+0.7%	111,5 k €	+9.0%	102,3 k €	+10.4%	92,6 k €	-33.9%	140,1 k €	-1.1%	141,6 k €	+0.7%	140,7 k €	+4.7%	134,4 k €	+19.4%	112,5 k €	+9.7%	102,6 k €
Total assets	777,5 k €	-6.0%	827 k €	+13.4%	729,5 k €	-1.4%	739,6 k €	-4.6%	775 k €	+20.3%	644,2 k €	+47.5%	436,6 k €	+24.4%	351 k €	+21.2%	289,6 k €	+6.2%	272,8 k €	-37.7%	438,2 k €	+2.7%	426,6 k €	-11.4%	481,3 k €	-15.5%	569,6 k €	+15.6%	492,9 k €	-1.9%	502,3 k €	-2.8%	516,6 k €	+3.8%	497,7 k €	+2.5%	485,6 k €	-15.9%	577,7 k €
Cash	197,9 k €	-32.8%	294,3 k €	+11.8%	263,4 k €	+9.8%	239,9 k €	-40.7%	404,5 k €	+42.3%	284,2 k €	+540%	44,4 k €	+408%	8,7 k €	-85.0%	58,1 k €	+28.4%	45,3 k €		–		1,1 k €	-22.9%	1,5 k €	-40.2%	2,5 k €	-28.5%	3,4 k €	-21.1%	4,4 k €	-74.3%	17 k €	-20.8%	21,4 k €	-57.5%	50,4 k €	+632%	6,9 k €
Debts	227,6 k €	-1.2%	230,4 k €	+66.6%	138,3 k €	-36.6%	218,1 k €	-42.2%	377,4 k €	+9.9%	343,4 k €	+62.1%	211,9 k €	+13.6%	186,5 k €	+48.8%	125,3 k €	+14.9%	109,1 k €	-66.4%	324,4 k €	+3.5%	313,6 k €	-16.9%	377,5 k €	-20.6%	475,5 k €	+35.4%	351,3 k €	-2.2%	359,3 k €	-4.0%	374,4 k €	+3.0%	363,3 k €	-2.6%	373 k €	-21.5%	475 k €
Other
Workforce	8,5 ETP	+14.9%	7,4 ETP	-7.5%	8,0 ETP	-9.1%	8,8 ETP	+12.8%	7,8 ETP	+4.0%	7,5 ETP	+56.3%	4,8 ETP	+23.1%	3,9 ETP	-13.3%	4,5 ETP	-22.4%	5,8 ETP	-10.8%	6,5 ETP	0.0%	6,5 ETP	-3.0%	6,7 ETP	-10.7%	7,5 ETP	+19.0%	6,3 ETP	-6.0%	6,7 ETP	-8.2%	7,3 ETP	+15.9%	6,3 ETP	0.0%	6,3 ETP	-6.0%	6,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Christophe MARSAN

Director · since 01 janvier 2001

Active

Ended mandates

Christophe MARSAN

Manager · since 01 janvier 2001

Ended

Christophe MARSAN

Associate

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	09/07/2026	20/06/2025	04/07/2024	27/07/2023	14/07/2022	31/08/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	30/06/2023	17/06/2022	18/06/2021
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
Abridged model	31/12/2025	19/06/2026	09/07/2026	French	PDF
Abridged model	31/12/2024	20/06/2025	20/06/2025	French	PDF
Abridged model	31/12/2023	21/06/2024	04/07/2024	French	PDF
Abridged model	31/12/2022	30/06/2023	27/07/2023	French	PDF
Abridged model	31/12/2021	17/06/2022	14/07/2022	French	PDF
Abridged model	31/12/2020	18/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	19/06/2020	23/10/2020	French	PDF
Abridged model	31/12/2018	21/06/2019	26/07/2019	French	PDF
Abridged model	31/12/2017	29/06/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	10/08/2017	French	PDF
Abridged model	31/12/2015	17/06/2016	10/08/2016	French	PDF
Abridged model	31/12/2014	19/06/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	20/06/2014	24/06/2014	French	PDF
Abridged model	31/12/2012	21/06/2013	28/08/2013	French	PDF
Abridged model	31/12/2011	15/06/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	17/06/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	18/06/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	19/06/2009	24/07/2009	French	PDF
Abridged model	31/12/2007	20/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	15/06/2007	19/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 2 ended

Active mandates

Christophe MARSAN

Director · since 01 janvier 2001

Active

Ended mandates

Christophe MARSAN

Manager · since 01 janvier 2001

Ended

Christophe MARSAN

Associate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office13/01/2017
SIEGE SOCIAL
PDF
Capital / shares09/12/2002
CAPITAL, ACTIONS
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 20255,9 k €↓
2024
Annual accounts 202475,4 k €↑
2023
Annual accounts 202369,7 k €↓
2022
Annual accounts 2022123,9 k €↓
2021
Annual accounts 2021202,8 k €↑
2020
Annual accounts 2020151,3 k €↑
2019
Annual accounts 201960,2 k €↑
2018
Annual accounts 2018254,8 €↓
2017
Annual accounts 2017609,2 €↓
2016
Annual accounts 201649,9 k €↑
2015
Annual accounts 2015778 €↓
2014
Annual accounts 20149,2 k €↓
2013
Annual accounts 20139,7 k €↑
2012
Annual accounts 2012-47,5 k €↓
2011
Annual accounts 2011-1,5 k €↓
2010
Annual accounts 2010930 €↓
2009
Annual accounts 20096,3 k €↓
2008
Annual accounts 200821,9 k €↑
2007
Annual accounts 20079,9 k €↑
2006
Annual accounts 20063,7 k €
05/06/1992
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

CIMA

Overview

What does CIMA 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