CMSG
0638.810.029 · rovalta.com · 21/09/2026
NORMAL SITUATION
CMSG
Financial year 2025 · closed on 10/12/2025
Net result
-8,0 k €
+5.6% YoY
Gross margin
-7,7 k €
-2.2% YoY
Equity
0,0 €
-100.0% YoY
Company — Normal situation.
Overview
What does CMSG do?
CMSG is a company registered in Belgium.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0638.810.029
Legal form
Private limited company
Contributed capital
0,00 €
Latest accounts
10/12/2025
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Financials
Trend over 10 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||
| Gross margin | -7,7 k € | -2.2% | -7,5 k € | -642% | 1,4 k € | -93.3% | 20,7 k € | -8.9% | 22,8 k € | -4.4% | 23,8 k € | +124% | 10,6 k € | +628% | 1,5 k € | -59.9% | 3,6 k € | +142% | -8,7 k € |
| EBITDA | -8,0 k € | +3.9% | -8,3 k € | -2032% | 430,0 € | -97.9% | 20,5 k € | -7.5% | 22,2 k € | -4.3% | 23,2 k € | +131% | 10,1 k € | +984% | 928,3 € | -68.2% | 2,9 k € | +130% | -9,7 k € |
| Operating result | -8,0 k € | +3.9% | -8,3 k € | -5455% | 155,1 € | -99.2% | 19,1 k € | -8.1% | 20,7 k € | -5.8% | 22,0 k € | +119% | 10,1 k € | +984% | 928,3 € | -68.2% | 2,9 k € | +130% | -9,7 k € |
| Net result | -8,0 k € | +5.6% | -8,5 k € | -7897% | -105,8 € | -101% | 14,2 k € | -5.5% | 15,0 k € | -9.1% | 16,5 k € | +82.7% | 9,0 k € | +944% | 866,9 € | -69.7% | 2,9 k € | +129% | -9,7 k € |
| Balance sheet | |||||||||||||||||||
| Equity | 0,0 € | -100% | 30,2 k € | -21.9% | 38,7 k € | -0.3% | 38,8 k € | +57.8% | 24,6 k € | -16.8% | 29,6 k € | +127% | 13,0 k € | +227% | 4,0 k € | +27.8% | 3,1 k € | +1087% | 263,0 € |
| Total assets | 22,2 k € | -34.0% | 33,7 k € | -33.3% | 50,5 k € | -9.3% | 55,7 k € | -17.7% | 67,7 k € | +30.8% | 51,7 k € | +37.8% | 37,6 k € | +211% | 12,1 k € | +98.5% | 6,1 k € | +947% | 581,5 € |
| Cash | 21,1 k € | -31.0% | 30,5 k € | -33.8% | 46,1 k € | -11.7% | 52,2 k € | -8.4% | 56,9 k € | +38.0% | 41,2 k € | +12.0% | 36,8 k € | +446% | 6,7 k € | +1073% | 574,9 € | +41.5% | 406,4 € |
| Debts | 22,2 k € | +539% | 3,5 k € | -70.6% | 11,9 k € | +169% | 4,4 k € | -85.6% | 30,6 k € | +216% | 9,7 k € | -19.5% | 12,0 k € | +48.4% | 8,1 k € | +173% | 3,0 k € | +832% | 318,5 € |
Governance
Board of directors
Seen on filing of 10/12/2025 · 2 active · 4 ended
Active mandates
Active
Active
Ended mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro 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 | 10/12/2025 | 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 | 02/01/2026 | 14/07/2025 | 19/07/2024 | 17/07/2023 | 07/06/2022 | 25/06/2021 |
| General meeting | 10/12/2025 | 30/06/2025 | 28/06/2024 | 30/06/2023 | 01/06/2022 | 01/06/2021 |
| 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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Annual accounts filings
10 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 10/12/2025 | 10/12/2025 | 02/01/2026 | Dutch | |
| Micro model | 31/12/2024 | 30/06/2025 | 14/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 28/06/2024 | 19/07/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 17/07/2023 | Dutch | |
| Abridged model | 31/12/2021 | 01/06/2022 | 07/06/2022 | Dutch | |
| Abridged model | 31/12/2020 | 01/06/2021 | 25/06/2021 | Dutch | |
| Abridged model | 31/12/2019 | 01/06/2020 | 29/06/2020 | Dutch | |
| Abridged model | 31/12/2018 | 22/07/2019 | 30/08/2019 | Dutch | |
| Micro model | 31/12/2017 | 01/06/2018 | 30/08/2018 | Dutch | |
| Abridged model | 31/12/2016 | 22/06/2017 | 19/07/2017 | Dutch |
Valuation
Estimate
Indicative valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 10/12/2025 · 2 active · 4 ended
Active mandates
Active
Active
Ended mandates
Shareholders
Ownership and network
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Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-8,0 k €↑
- 2025Name changeCMSG IN VEREFFENING
- 2024Annual accounts 2024-8,5 k €↓
- 2023Annual accounts 2023-105,8 €↓
- 2022Annual accounts 202214,2 k €↓
- 2021Annual accounts 202115,0 k €↓
- 2021Name changeCMSG
- 2020Annual accounts 202016,5 k €↑
- 2019Annual accounts 20199,0 k €↑
- 2018Annual accounts 2018866,9 €↓
- 2017Annual accounts 20172,9 k €↑
- 2016Annual accounts 2016-9,7 k €