ACTIVE

CTS

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Financial year 2025 · closed on 31/12/2025

Net result

2,3 M €

+42.3% YoY

Gross margin

4,3 M €

Equity

7,5 M €

+43.3% YoY

Workforce

9,1 ETP

+5.8% YoY

What does CTS do?

CTS is a Private limited company incorporated in 2016. Its main activity is: Manufacture of tobacco products. Its registered office is in Wevelgem. It employs on average 9,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0653.864.429

Incorporation

09/05/2016

Legal form

Private limited company

Registered office

Leieland 39 box 0
8560 Wevelgem · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

9,1 ETP

Activities (NACE)

12000Manufacture of tobacco products· main 12000Manufacture of tobacco products 46350Wholesale of tobacco products 46350Wholesale of tobacco products 12000Manufacture of tobacco products 12000Manufacture of tobacco products

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	4,3 M €		–		2,6 M €	+72.0%	1,5 M €	-54.2%	3,4 M €	+58.5%	2,1 M €	+78.2%	1,2 M €	+55.1%	767,3 k €	+73.1%	443,3 k €	+89.0%	234,5 k €
EBITDA	3,8 M €	+31.7%	2,9 M €	+25.2%	2,3 M €	+92.6%	1,2 M €	-40.1%	2 M €	+81.3%	1,1 M €	+97.6%	552,2 k €	+99.6%	276,6 k €	+26.1%	219,4 k €	+15.6%	189,8 k €
Operating result	2,9 M €	+37.4%	2,1 M €	+29.9%	1,6 M €	+178%	593,8 k €	-62.4%	1,6 M €	+98.8%	794,9 k €	+591%	115,1 k €	+93.3%	59,6 k €	+194997%	-30,6 €	-100%	72 k €
Net result	2,3 M €	+42.3%	1,6 M €	+31.8%	1,2 M €	+159%	465,7 k €	-63.2%	1,3 M €	+133%	541,7 k €	+604%	77 k €	+121%	34,8 k €	+267%	-20,8 k €	-145%	46,3 k €
Balance sheet
Equity	7,5 M €	+43.3%	5,2 M €	+43.7%	3,6 M €	+49.6%	2,4 M €	+23.7%	2 M €	+181%	697,6 k €	+347%	155,9 k €	+97.5%	79 k €	+78.9%	44,1 k €	-32.0%	64,9 k €
Total assets	8,9 M €	+13.3%	7,8 M €	+31.3%	6 M €	+8.1%	5,5 M €	+12.4%	4,9 M €	+76.7%	2,8 M €	+15.7%	2,4 M €	+53.8%	1,6 M €	+34.9%	1,2 M €	+25.0%	923,6 k €
Cash	902,5 k €	+228%	274,9 k €	-43.7%	488 k €	+6.2%	459,4 k €	+25.8%	365,2 k €	-28.9%	513,4 k €	+137%	216,2 k €	+16.3%	185,9 k €	+55.6%	119,5 k €	-66.5%	356,5 k €
Debts	1,4 M €	-46.8%	2,6 M €	+12.0%	2,3 M €	-24.6%	3,1 M €	+4.9%	2,9 M €	+41.5%	2,1 M €	-7.3%	2,2 M €	+51.5%	1,5 M €	+33.2%	1,1 M €	+29.3%	858,7 k €
Other
Workforce	9,1 ETP	+5.8%	8,6 ETP	+28.4%	6,7 ETP	-13.0%	7,7 ETP	0.0%	7,7 ETP	+45.3%	5,3 ETP	+130%	2,3 ETP	+15.0%	2,0 ETP	+11.1%	1,8 ETP	-10.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 17 ended

Active mandates

Alexander Santelé

Director · since 28 décembre 2023

Active

Jerôme Duffieux

Director · since 28 décembre 2023

Active

Johan Santele

Managing director · since 28 décembre 2023

Active

Pascal Raffaello

Director · since 28 décembre 2023

Active

Renaat Santelé

Director · since 28 décembre 2023

Active

Vincent Monjalet

Director · since 28 décembre 2023

Active

Ended mandates

Johan Santele

Director · since 28 décembre 2023

Ended

Pascal Raffaello

Director · since 06 juillet 2020

Ended

Alexander Santelé

Director · since 04 mai 2016 · until 04 mai 2022

Ended

Alexander Santelé

Director · since 04 mai 2016

Ended

At this address

Other companies at this address

Company	CBE no.
CS Consult● Active	0752.655.266
CTS TRADE● Active	0537.223.909
SANTELE● Active	0455.270.290
Santelé● Active	0723.498.947

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Full 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	19/06/2026	20/05/2025	12/06/2024	27/04/2023	19/05/2022	27/04/2021
General meeting	15/04/2026	16/04/2025	17/04/2024	19/04/2023	20/04/2022	21/04/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/04/2026	19/06/2026	Dutch	PDF
Full model	31/12/2024	16/04/2025	20/05/2025	Dutch	PDF
Abridged model	31/12/2023	17/04/2024	12/06/2024	Dutch	PDF
Abridged model	31/12/2022	19/04/2023	27/04/2023	Dutch	PDF
Abridged model	31/12/2021	20/04/2022	19/05/2022	Dutch	PDF
Abridged model	31/12/2020	21/04/2021	27/04/2021	Dutch	PDF
Abridged model	31/12/2019	15/04/2020	15/05/2020	Dutch	PDF
Abridged model	31/12/2018	17/04/2019	08/05/2019	Dutch	PDF
Abridged model	31/12/2017	18/04/2018	23/04/2018	Dutch	PDF
Abridged model	31/12/2016	19/04/2017	31/05/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 6 active · 17 ended

Active mandates

Alexander Santelé

Director · since 28 décembre 2023

Active

Jerôme Duffieux

Director · since 28 décembre 2023

Active

Johan Santele

Managing director · since 28 décembre 2023

Active

Pascal Raffaello

Director · since 28 décembre 2023

Active

Renaat Santelé

Director · since 28 décembre 2023

Active

Vincent Monjalet

Director · since 28 décembre 2023

Active

Ended mandates

Johan Santele

Director · since 28 décembre 2023

Ended

Pascal Raffaello

Director · since 06 juillet 2020

Ended

Alexander Santelé

Director · since 04 mai 2016 · until 04 mai 2022

Ended

Alexander Santelé

Director · since 04 mai 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/01/2024
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Other11/05/2016
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20252,3 M €↑
2024
Annual accounts 20241,6 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 2022465,7 k €↓
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020541,7 k €↑
2019
Annual accounts 201977 k €↑
2018
Annual accounts 201834,8 k €↑
2017
Annual accounts 2017-20,8 k €↓
2016
Annual accounts 201646,3 k €
09/05/2016
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

CTS

Overview

What does CTS do?

Trend over 10 financial years

Indicative valuation

Board of directors

Other companies at this address

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