ACTIVE

CM4Cure

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Financial year 2025 · closed on 31/12/2025
Net result
-152,3 k €
+57.6% YoY
Gross margin
627,2 k €
+137.6% YoY
Equity
1,8 M €
+5.6% YoY
Workforce
9,4 ETP
+22.1% YoY

What does CM4Cure do?

CM4Cure is a Public limited company incorporated in 2021. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Liège. It employs on average 9,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0765.658.810
Incorporation
25/03/2021
Legal form
Public limited company
Registered office
Avenue de l'Hôpital 1
4000 Liège · WallonieSee on map
Contributed capital
1 050 200,00 €
Latest accounts
31/12/2025
Average workforce
9,4 ETP
Activities (NACE)
72101Research and experimental development on natural sciences and engineering· main72110Research and experimental development on biotechnology
Signals
Solid equityGood liquidityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin627,2 k €264 k €319,5 k €207 k €97,2 k €
EBITDA-154,8 k €-364,7 k €-53,1 k €-12,8 k €-21,9 k €
Operating result-196,5 k €-402,2 k €-69,9 k €-26 k €-27,1 k €
Net result-152,3 k €-358,9 k €-24,9 k €-16 k €-21,3 k €
Balance sheet
Equity1,8 M €1,7 M €1,5 M €878,9 k €654,3 k €
Total assets4,6 M €4,4 M €2,4 M €1,3 M €861,6 k €
Cash229 k €1,5 M €776,6 k €680,6 k €648,6 k €
Debts2,8 M €2,8 M €906,6 k €323,8 k €207,2 k €
Other
Workforce9,4 ETP7,7 ETP4,3 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active

Active mandates

Cécile Oury

Director · since 25 mars 2021 · until 24 mars 2027

Active
NOSHAQ PARTNERS

Director · since 25 mars 2021 · until 24 mars 2027 · 0808.219.836

Represented by Laurence Rosa

Active
Patrizio Lancellotti

Director · since 25 mars 2021 · until 24 mars 2027

Active
VENTURE COACHING

Director · since 25 mars 2021 · until 24 mars 2027 · 0480.168.905

Represented by Isabelle Renard

Active
Colm MCCarthy

Délégué à la gestion Journalière

Active
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Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202225/03/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months10 months
Filing date29/04/202624/06/202510/04/202404/04/202329/03/2022
General meeting02/04/202630/04/202502/04/202428/03/202325/03/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202502/04/202629/04/2026FrenchPDF
Abridged model31/12/202430/04/202524/06/2025FrenchPDF
Abridged model31/12/202302/04/202410/04/2024FrenchPDF
Micro model31/12/202228/03/202304/04/2023FrenchPDF
Micro model31/12/202125/03/202229/03/2022FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active

Active mandates

Cécile Oury

Director · since 25 mars 2021 · until 24 mars 2027

Active
NOSHAQ PARTNERS

Director · since 25 mars 2021 · until 24 mars 2027 · 0808.219.836

Represented by Laurence Rosa

Active
Patrizio Lancellotti

Director · since 25 mars 2021 · until 24 mars 2027

Active
VENTURE COACHING

Director · since 25 mars 2021 · until 24 mars 2027 · 0480.168.905

Represented by Isabelle Renard

Active
Colm MCCarthy

Délégué à la gestion Journalière

Active
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/03/2025
    DENOMINATION
    PDF
  • Mandates05/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/05/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares09/03/2023
    CAPITAL, ACTIONS
    PDF
  • Other29/03/2021
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-152,3 k €↑
  2. 2024
    Annual accounts 2024-358,9 k €↓
  3. 2024
    Name changeCM4CURE
  4. 2023
    Annual accounts 2023-24,9 k €↓
  5. 2022
    Annual accounts 2022-16 k €↑
  6. 2022
    Name changeCMD-COAT SA
  7. 2021
    Annual accounts 2021-21,3 k €
  8. 25/03/2021
    IncorporationPublic limited company