ACTIVE

Collaborative Research for Energy SYstem Modeling

Financial year 2025 · closed on 31/12/2025
Net result
365 k €
+19.8% YoY
Gross margin
857,6 k €
+3.0% YoY
Equity
833 k €
+78.0% YoY
Workforce
4,0 ETP
0.0% YoY

What does Collaborative Research for Energy SYstem Modeling do?

Collaborative Research for Energy SYstem Modeling is a International non-profit organization incorporated in 2022. Its main activity is: Research and experimental development on natural sciences and engineering. Its registered office is in Bruxelles. It employs on average 4,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0790.603.745
Incorporation
08/09/2022
Legal form
International non-profit organization
Registered office
Square de Meeûs 38 box 40
1000 Bruxelles · BruxellesSee on map
Latest accounts
31/12/2025
Average workforce
4,0 ETP
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin857,6 k €833 k €567,4 k €
EBITDA377 k €316,8 k €167,7 k €
Operating result357,6 k €305,9 k €166,1 k €
Net result365 k €304,6 k €164,8 k €
Balance sheet
Equity833 k €467,9 k €163,4 k €
Total assets2 M €1,6 M €1,1 M €
Cash499,1 k €828,9 k €235,8 k €
Debts40,3 k €156,4 k €176,6 k €
Other
Workforce4,0 ETP4,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 13 active · 12 ended

Active mandates

Jonas VAN DEN BOGAARD

Director · since 08 avril 2025 · until 08 avril 2027

Active
Sylvain NADEAU

Director · since 08 avril 2025 · until 08 avril 2027

Active
Antonello MONTI

Chairman of the board of directors · since 09 avril 2024 · until 09 avril 2026

Active
Christophe ORLY

Director · since 09 avril 2024 · until 09 avril 2026

Active
Diana STRAUSS-MINCU

Director · since 09 avril 2024 · until 09 avril 2026

Active
Emanuele Colombo

Director · since 09 avril 2024 · until 09 avril 2026

Active
Georgii TISHENIN

Director · since 09 avril 2024 · until 09 avril 2026

Active
Gregor Omahen

Director · since 09 avril 2024 · until 09 avril 2026

Active
Leopold Herman

Director · since 09 avril 2024 · until 09 avril 2026

Active
Margriet Rouhof

Director · since 09 avril 2024 · until 09 avril 2026

Active
Marie-Sophie Debry

Director · since 09 avril 2024 · until 09 avril 2026

Active
Milos Cvetkovic

Director · since 09 avril 2024 · until 09 avril 2026

Active
Peter Palensky

Vice-chairman of the board of directors · since 09 avril 2024 · until 09 avril 2026

Active

Ended mandates

Christophe Olry

Director · since 09 avril 2024 · until 09 avril 2026

Ended
Antonello MONTI

Chairman of the board of directors · since 08 avril 2024 · until 08 avril 2026

Ended
Christophe ORLY

Director · since 08 avril 2024 · until 08 avril 2026

Ended
Diana STRAUSS-MINCU

Director · since 08 avril 2024 · until 08 avril 2026

Ended
At this address

Other companies at this address

CompanyCBE no.
Access VetMedActive
0479.072.013
0534.811.181
0726.498.227
0475.634.946
0406.592.524
FEAR NO FALLActive
0541.799.537
1025.046.411
INLECOM GROUPActive
0663.658.954
1019.696.959
M@.FINANCEBankrupt
0553.588.601
0718.830.574
0464.579.916
TIP TOP RENOVAActive
0891.545.608
Tip-Top SecurActive
0536.630.427
Annual accounts

Full financial information

202520242023
Type of accountAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months12 months
Filing date23/04/202603/06/202524/08/2024
General meeting14/04/202608/04/202509/04/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Try for 7 days
Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202514/04/202623/04/2026FrenchPDF
Abridged model31/12/202408/04/202503/06/2025FrenchPDF
Abridged model31/12/202309/04/202424/08/2024FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 13 active · 12 ended

Active mandates

Jonas VAN DEN BOGAARD

Director · since 08 avril 2025 · until 08 avril 2027

Active
Sylvain NADEAU

Director · since 08 avril 2025 · until 08 avril 2027

Active
Antonello MONTI

Chairman of the board of directors · since 09 avril 2024 · until 09 avril 2026

Active
Christophe ORLY

Director · since 09 avril 2024 · until 09 avril 2026

Active
Diana STRAUSS-MINCU

Director · since 09 avril 2024 · until 09 avril 2026

Active
Emanuele Colombo

Director · since 09 avril 2024 · until 09 avril 2026

Active
Georgii TISHENIN

Director · since 09 avril 2024 · until 09 avril 2026

Active
Gregor Omahen

Director · since 09 avril 2024 · until 09 avril 2026

Active
Leopold Herman

Director · since 09 avril 2024 · until 09 avril 2026

Active
Margriet Rouhof

Director · since 09 avril 2024 · until 09 avril 2026

Active
Marie-Sophie Debry

Director · since 09 avril 2024 · until 09 avril 2026

Active
Milos Cvetkovic

Director · since 09 avril 2024 · until 09 avril 2026

Active
Peter Palensky

Vice-chairman of the board of directors · since 09 avril 2024 · until 09 avril 2026

Active

Ended mandates

Christophe Olry

Director · since 09 avril 2024 · until 09 avril 2026

Ended
Antonello MONTI

Chairman of the board of directors · since 08 avril 2024 · until 08 avril 2026

Ended
Christophe ORLY

Director · since 08 avril 2024 · until 08 avril 2026

Ended
Diana STRAUSS-MINCU

Director · since 08 avril 2024 · until 08 avril 2026

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates09/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/06/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other25/05/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates26/10/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Other12/09/2022
    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 2025365 k €
  2. 2024
    Annual accounts 2024304,6 k €
  3. 2023
    Annual accounts 2023164,8 k €
  4. 08/09/2022
    IncorporationInternational non-profit organization