ACTIVE

CSE

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Financial year 2025 · closed on 31/12/2025
Net result
72 k €
-16.3% YoY
Gross margin
92,5 k €
-17.7% YoY
Equity
221,9 k €
+48.1% YoY

What does CSE do?

CSE is a Private limited company incorporated in 2018. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Beveren-Kruibeke-Zwijndrecht.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0699.648.726
Incorporation
05/07/2018
Legal form
Private limited company
Registered office
Antwerpsesteenweg 306
2070 Beveren-Kruibeke-Zwijndrecht · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
71121Engineering activities and related technical consultancy· main71121Engineering activities and related technical consultancy70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120192018
Income statement
Gross margin92,5 k €112,4 k €143,7 k €113,3 k €-16,2 k €16,7 k €9,2 k €
EBITDA88,2 k €111,8 k €142,7 k €113,2 k €-16,6 k €15,7 k €8,6 k €
Operating result84,7 k €109,4 k €140,9 k €100,8 k €-29,1 k €14,1 k €8,6 k €
Net result72 k €86,1 k €106,4 k €66,3 k €-29,6 k €10,6 k €6,5 k €
Balance sheet
Equity221,9 k €149,8 k €151,4 k €45 k €-21,3 k €23,3 k €12,7 k €
Total assets236,3 k €210,4 k €201,4 k €92,6 k €36,1 k €31,8 k €24,6 k €
Cash41,8 k €135,3 k €176,5 k €54,2 k €15,1 k €18,8 k €11,4 k €
Debts14,4 k €60,5 k €50 k €47,6 k €57,4 k €8,6 k €11,9 k €
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 · 2 active · 7 ended

Active mandates

Sanne Cole

Director · since 04 juillet 2018

Active
Tania Vandemeulebroucke

Director · since 04 juillet 2017

Active

Ended mandates

Sanne Cole

Director · since 05 juillet 2018

Ended
Tania Vandemeulebroucke

Director · since 05 juillet 2018

Ended
Sanne Cole

Mandate

Ended
Sanne Cole

Director

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202630/08/202530/09/202430/08/202331/08/202230/08/2021
General meeting30/06/202626/06/202527/06/202429/06/202330/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202630/07/2026DutchPDF
Micro model31/12/202426/06/202530/08/2025DutchPDF
Micro model31/12/202327/06/202430/09/2024DutchPDF
Micro model31/12/202229/06/202330/08/2023DutchPDF
Micro model31/12/202130/06/202231/08/2022DutchPDF
Micro model31/12/202024/06/202130/08/2021DutchPDF
Micro model31/12/201925/06/202002/07/2020DutchPDF
Micro model31/12/201827/06/201916/07/2019DutchPDF
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 · 2 active · 7 ended

Active mandates

Sanne Cole

Director · since 04 juillet 2018

Active
Tania Vandemeulebroucke

Director · since 04 juillet 2017

Active

Ended mandates

Sanne Cole

Director · since 05 juillet 2018

Ended
Tania Vandemeulebroucke

Director · since 05 juillet 2018

Ended
Sanne Cole

Mandate

Ended
Sanne Cole

Director

Ended
Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202572 k €↓
  2. 2024
    Annual accounts 202486,1 k €↓
  3. 2023
    Annual accounts 2023106,4 k €↑
  4. 2022
    Annual accounts 202266,3 k €↑
  5. 2021
    Annual accounts 2021-29,6 k €↓
  6. 2019
    Annual accounts 201910,6 k €↑
  7. 2018
    Annual accounts 20186,5 k €
  8. 05/07/2018
    IncorporationPrivate limited company