ACTIVE

CSPD

Export PDF

Financial year 2025 · closed on 30/09/2025

Net result

58,1 k €

+75.1% YoY

Gross margin

53,9 k €

+9.2% YoY

Equity

2,3 M €

+2.6% YoY

What does CSPD do?

CSPD is a Private limited company incorporated in 1997. Its main activity is: Advertising agencies. Its registered office is in Uccle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0460.323.495

Incorporation

28/03/1997

Legal form

Private limited company

Registered office

Avenue du Vert Chasseur 24
1180 Uccle · BruxellesSee on map

Contributed capital

2 015 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

73110Advertising agencies· main 73110Advertising agencies 74401Other professional, scientific and technical activities 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	53,9 k €	+9.2%	49,4 k €	+1429%	-3,7 k €	-205%	-1,2 k €	-109%	14,2 k €	-63.0%	38,4 k €	-16.7%	46,1 k €	+9.3%	42,1 k €	+2.1%	41,3 k €	-32.6%	61,3 k €	+5.0%	58,4 k €	+8.4%	53,9 k €	-7.4%	58,2 k €	+203%	19,2 k €	-65.4%	55,4 k €	-55.5%	124,7 k €	+34.9%	92,4 k €	+147%	37,5 k €	+86.1%	20,1 k €
EBITDA	52,2 k €	+13.3%	46,1 k €	+947%	-5,4 k €	-66.6%	-3,3 k €	-125%	12,9 k €	-64.1%	36 k €	-15.8%	42,8 k €	+28.0%	33,4 k €	-11.2%	37,7 k €	-35.3%	58,2 k €	+4.4%	55,8 k €	+10.1%	50,7 k €	-8.6%	55,5 k €	+155%	21,7 k €	-61.3%	56,2 k €	-33.6%	84,7 k €	-8.4%	92,4 k €	+197%	31,1 k €	+90.2%	16,3 k €
Operating result	38,8 k €	+19.6%	32,4 k €	+221%	-26,9 k €	-19.8%	-22,4 k €	-1877%	-1,1 k €	-105%	24,5 k €	-21.9%	31,3 k €	+6.7%	29,4 k €	-18.2%	35,9 k €	-31.5%	52,4 k €	+7.3%	48,9 k €	+11.4%	43,9 k €	-9.0%	48,2 k €	+179%	17,3 k €	-61.0%	44,3 k €	-39.2%	72,9 k €	-9.1%	80,3 k €	+325%	18,9 k €	+379%	3,9 k €
Net result	58,1 k €	+75.1%	33,2 k €	+298%	-16,7 k €	-128%	60,9 k €	+291%	-31,8 k €	-3996%	-777,2 €	-130%	2,6 k €	-50.0%	5,3 k €	+176%	-6,9 k €	-285%	3,7 k €	+23.9%	3 k €	+72.2%	1,7 k €	-80.6%	9 k €	+134%	-26,6 k €	-223%	21,6 k €	-85.7%	150,9 k €	+154%	59,5 k €	+435%	11,1 k €	+81.4%	6,1 k €
Balance sheet
Equity	2,3 M €	+2.6%	2,3 M €	+1.5%	2,2 M €	-0.7%	2,2 M €	+2.8%	2,2 M €	-1.4%	2,2 M €	-0.0%	2,2 M €	+0.1%	2,2 M €	+0.2%	2,2 M €	+778%	252,1 k €	+1.5%	248,4 k €	+1.2%	245,4 k €	+0.7%	243,6 k €	+3.8%	234,6 k €	-10.2%	261,2 k €	+9.0%	239,6 k €	+170%	88,7 k €	+203%	29,2 k €	+61.5%	18,1 k €
Total assets	2,9 M €	+1.0%	2,9 M €	+0.1%	2,9 M €	-1.6%	3 M €	-0.7%	3 M €	-0.5%	3 M €	-1.6%	3 M €	+0.9%	3 M €	-0.5%	3 M €	+177%	1,1 M €	-2.4%	1,1 M €	+1.5%	1,1 M €	-1.3%	1,1 M €	+0.3%	1,1 M €	-2.3%	1,1 M €	+0.4%	1,1 M €	+699%	142,5 k €	+2.6%	138,9 k €	-16.4%	166,1 k €
Cash	38,1 k €	+11393%	331,9 €	-96.9%	10,6 k €	-77.1%	46,2 k €	+2436%	1,8 k €	-84.0%	11,4 k €	+58.8%	7,2 k €	-89.6%	68,9 k €	+430%	13 k €	+157%	5,1 k €	+222%	1,6 k €	+171%	579,3 €	-92.4%	7,6 k €	+52.1%	5 k €	-78.7%	23,5 k €	-62.7%	62,8 k €	+3189%	1,9 k €	+950%	181,9 €	-93.9%	3 k €
Debts	28,8 k €	+50.3%	19,2 k €	+5.5%	18,2 k €	-26.0%	24,6 k €	-67.5%	75,6 k €	+100%	37,8 k €	-41.3%	64,4 k €	+250%	18,4 k €	-13.8%	21,3 k €	+8.2%	19,7 k €	-49.4%	39 k €	+134%	16,7 k €	-33.5%	25,1 k €	+6.3%	23,6 k €	+23.0%	19,2 k €	-41.4%	32,7 k €	-38.2%	53 k €	-49.0%	104 k €	-29.0%	146,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 4 ended

Active mandates

Anna Maria Stahle

Director

Active

Patrick De Schutter

Director

Active

Ended mandates

Anna Maria Stahle

Director · since 01 avril 2007

Ended

Anna Maria Stahle

Manager · since 01 avril 2007

Ended

Anna Maria Sthale

Manager · since 01 avril 2007

Ended

Patrick De Schutter

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	01/10/2024	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	30/04/2026	25/04/2025	19/04/2024	27/04/2023	23/05/2022	29/04/2021
General meeting	16/03/2026	15/02/2025	15/03/2024	15/03/2023	15/03/2022	15/03/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	16/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	15/02/2025	25/04/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	19/04/2024	Dutch	PDF
Abridged model	30/09/2022	15/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	15/03/2022	23/05/2022	Dutch	PDF
Abridged model	30/09/2020	15/03/2021	29/04/2021	Dutch	PDF
Abridged model	30/09/2019	16/03/2020	30/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	30/04/2019	Dutch	PDF
Abridged model	30/09/2017	15/03/2018	04/05/2018	Dutch	PDF
Abridged model	30/09/2016	15/03/2017	29/04/2017	Dutch	PDF
Abridged model	30/09/2015	15/03/2016	07/04/2016	Dutch	PDF
Abridged model	30/09/2014	16/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	03/05/2014	20/05/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	21/05/2012	30/05/2012	Dutch	PDF
Abridged model	30/09/2010	15/03/2011	20/05/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	30/04/2010	Dutch	PDF
Abridged model	30/09/2008	16/03/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	15/03/2008	30/05/2008	Dutch	PDF
Abridged model	30/09/2006	15/03/2007	30/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 2 active · 4 ended

Active mandates

Anna Maria Stahle

Director

Active

Patrick De Schutter

Director

Active

Ended mandates

Anna Maria Stahle

Director · since 01 avril 2007

Ended

Anna Maria Stahle

Manager · since 01 avril 2007

Ended

Anna Maria Sthale

Manager · since 01 avril 2007

Ended

Patrick De Schutter

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates13/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/08/2016
KAPITAAL - AANDELEN
PDF
Other31/07/2007
DIVERSEN
PDF
Capital / shares03/03/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - 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 202558,1 k €↑
2024
Annual accounts 202433,2 k €↑
2023
Annual accounts 2023-16,7 k €↓
2022
Annual accounts 202260,9 k €↑
2021
Annual accounts 2021-31,8 k €↓
2020
Annual accounts 2020-777,2 €↓
2019
Annual accounts 20192,6 k €↓
2018
Annual accounts 20185,3 k €↑
2017
Annual accounts 2017-6,9 k €↓
2015
Annual accounts 20153,7 k €↑
2014
Annual accounts 20143 k €↑
2013
Annual accounts 20131,7 k €↓
2012
Annual accounts 20129 k €↑
2011
Annual accounts 2011-26,6 k €↓
2010
Annual accounts 201021,6 k €↓
2009
Annual accounts 2009150,9 k €↑
2008
Annual accounts 200859,5 k €↑
2007
Annual accounts 200711,1 k €↑
2006
Annual accounts 20066,1 k €
28/03/1997
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

CSPD

Overview

What does CSPD 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