ACTIVE

CURSOR SYSTEMS

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Financial year 2025 · closed on 31/12/2025

Net result

38,3 k €

+37.0% YoY

Gross margin

67,3 k €

+26.9% YoY

Equity

140,9 k €

+2.4% YoY

What does CURSOR SYSTEMS do?

CURSOR SYSTEMS is a Public limited company incorporated in 1998. Its main activity is: Manufacture of instruments and appliances for measuring, testing and navigation. Its registered office is in Sint-Katelijne-Waver.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.839.557

Incorporation

19/03/1998

Legal form

Public limited company

Registered office

Drevendaal 14
2860 Sint-Katelijne-Waver · FlandreSee on map

Contributed capital

61 973,38 €

Latest accounts

31/12/2025

Activities (NACE)

26510Manufacture of instruments and appliances for measuring, testing and navigation· main 26510Manufacture of instruments and appliances for measuring, testing and navigation

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	67,3 k €	+26.9%	53 k €	+39.4%	38,1 k €	-18.0%	46,4 k €	-6.8%	49,8 k €	-18.3%	60,9 k €	-29.6%	86,5 k €	+34.1%	64,5 k €	+656%	8,5 k €	-89.0%	77,5 k €	+180%	27,7 k €	-60.2%	69,5 k €	+630%	9,5 k €	-67.3%	29,1 k €	-51.5%	60,1 k €	+99.1%	30,2 k €	+6.2%	28,4 k €	-12.9%	32,6 k €	+49.8%	21,8 k €	+33.7%	16,3 k €
EBITDA	60,6 k €	+26.4%	47,9 k €	+49.4%	32,1 k €	-27.9%	44,5 k €	-8.1%	48,5 k €	-18.7%	59,6 k €	-30.0%	85,2 k €	+35.3%	62,9 k €	+810%	6,9 k €	-90.9%	76 k €	+192%	26 k €	-61.5%	67,6 k €	+797%	7,5 k €	-72.5%	27,4 k €	-53.3%	58,6 k €	+100%	29,3 k €	+13.4%	25,8 k €	-17.4%	31,3 k €	+53.0%	20,4 k €	+36.8%	14,9 k €
Operating result	52,4 k €	+31.8%	39,7 k €	+28.6%	30,9 k €	-27.0%	42,3 k €	-0.0%	42,3 k €	-10.9%	47,5 k €	-35.3%	73,4 k €	+43.3%	51,3 k €	+556%	-11,3 k €	-120%	56,8 k €	+217%	17,9 k €	-68.5%	56,9 k €	+10049%	561 €	-97.1%	19,2 k €	-63.4%	52,6 k €	+127%	23,2 k €	+18.1%	19,6 k €	-27.3%	27 k €	+156%	10,6 k €	+117%	4,9 k €
Net result	38,3 k €	+37.0%	28 k €	+29.9%	21,5 k €	-29.8%	30,7 k €	-0.2%	30,7 k €	-11.8%	34,9 k €	-31.3%	50,8 k €	+36.7%	37,1 k €	+415%	-11,8 k €	-132%	36,4 k €	+235%	10,9 k €	-71.0%	37,5 k €	+10864%	342 €	-97.1%	11,9 k €	-64.5%	33,5 k €	+122%	15,1 k €	-2.7%	15,5 k €	-14.8%	18,2 k €	+84.4%	9,9 k €	+166%	3,7 k €
Balance sheet
Equity	140,9 k €	+2.4%	137,5 k €	+2.2%	134,5 k €	+1.2%	133 k €	+4.5%	127,3 k €	+4.7%	121,6 k €	+4.2%	116,7 k €	+10.2%	105,9 k €	+2.1%	103,8 k €	-10.2%	115,6 k €	+5.9%	109,2 k €	+0.8%	108,3 k €	+1.4%	106,8 k €	+0.3%	106,5 k €	+1.8%	104,6 k €	+14.9%	91 k €	+0.1%	90,9 k €	+0.6%	90,4 k €	+3.7%	87,2 k €	+12.8%	77,3 k €
Total assets	339,1 k €	+11.7%	303,7 k €	+4.6%	290,5 k €	-2.8%	298,9 k €	+26.4%	236,5 k €	+2.6%	230,5 k €	-14.0%	268,1 k €	+63.7%	163,8 k €	+34.4%	121,8 k €	-37.5%	195 k €	+29.2%	150,9 k €	-11.6%	170,8 k €	+25.1%	136,5 k €	-1.9%	139,1 k €	-25.4%	186,6 k €	+21.4%	153,7 k €	-28.7%	215,6 k €	+55.1%	139 k €	+6.3%	130,7 k €	+4.1%	125,6 k €
Cash	15,3 k €	+229%	4,6 k €	-71.2%	16,1 k €	+29.4%	12,4 k €	-56.4%	28,5 k €	-46.6%	53,4 k €	+476%	9,3 k €	+46.1%	6,3 k €	+201%	2,1 k €	-48.0%	4,1 k €	+47.5%	2,7 k €	-93.9%	45,4 k €	+154%	17,8 k €	-20.3%	22,4 k €	+11.4%	20,1 k €	+70.9%	11,8 k €	+321%	2,8 k €	+38.8%	2 k €	+113%	943 €	-91.9%	11,6 k €
Debts	198,3 k €	+19.3%	166,2 k €	+6.6%	155,9 k €	-6.0%	165,9 k €	+51.9%	109,2 k €	+0.2%	108,9 k €	-28.1%	151,4 k €	+162%	57,8 k €	+221%	18 k €	-77.3%	79,4 k €	+90.2%	41,7 k €	-33.1%	62,4 k €	+110%	29,7 k €	-9.2%	32,7 k €	-60.2%	82 k €	+30.8%	62,7 k €	-49.7%	124,5 k €	+156%	48,6 k €	+11.6%	43,5 k €	-9.9%	48,3 k €
Other
Workforce	–		0,0 ETP		0,0 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 · 3 active · 30 ended

Active mandates

Bart Dhollander

Director · since 28 mai 2021

Active

Eric De Wit

Director · since 28 mai 2021

Active

Luc De Cock

Managing director · since 28 mai 2021

Active

Ended mandates

Bart Dhollander

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Eric De Wit

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Erik De Wit

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Luc De Cock

Managing director · since 29 mai 2021 · until 28 mai 2027

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged 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	22/07/2026	24/07/2025	18/07/2024	17/07/2023	15/07/2022	17/06/2021
General meeting	29/05/2026	27/06/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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	29/05/2026	22/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	18/07/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	17/07/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	15/07/2022	Dutch	PDF
Micro model	31/12/2020	28/05/2021	17/06/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	08/07/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	14/06/2019	Dutch	PDF
Micro model	31/12/2017	25/05/2018	28/06/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	14/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	16/07/2012	Dutch	PDF
Abridged model	31/12/2010	27/05/2011	06/06/2011	Dutch	PDF
Abridged model	31/12/2009	28/05/2010	23/06/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	23/07/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	25/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	19/06/2007	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 · 3 active · 30 ended

Active mandates

Bart Dhollander

Director · since 28 mai 2021

Active

Eric De Wit

Director · since 28 mai 2021

Active

Luc De Cock

Managing director · since 28 mai 2021

Active

Ended mandates

Bart Dhollander

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Eric De Wit

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Erik De Wit

Director · since 29 mai 2021 · until 28 mai 2027

Ended

Luc De Cock

Managing director · since 29 mai 2021 · until 28 mai 2027

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/01/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/01/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office04/02/2004
MAATSCHAPPELIJKE ZETEL
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 202538,3 k €↑
2024
Annual accounts 202428 k €↑
2023
Annual accounts 202321,5 k €↓
2022
Annual accounts 202230,7 k €↓
2021
Annual accounts 202130,7 k €↓
2020
Annual accounts 202034,9 k €↓
2019
Annual accounts 201950,8 k €↑
2018
Annual accounts 201837,1 k €↑
2017
Annual accounts 2017-11,8 k €↓
2016
Annual accounts 201636,4 k €↑
2015
Annual accounts 201510,9 k €↓
2014
Annual accounts 201437,5 k €↑
2013
Annual accounts 2013342 €↓
2012
Annual accounts 201211,9 k €↓
2011
Annual accounts 201133,5 k €↑
2010
Annual accounts 201015,1 k €↓
2009
Annual accounts 200915,5 k €↓
2008
Annual accounts 200818,2 k €↑
2007
Annual accounts 20079,9 k €↑
2006
Annual accounts 20063,7 k €
19/03/1998
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

CURSOR SYSTEMS

Overview

What does CURSOR SYSTEMS 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