ACTIVE

CSMA

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Financial year 2025 · closed on 31/12/2025
Net result
56,1 k €
+190.4% YoY
Gross margin
85,3 k €
+132.0% YoY
Equity
433 k €
+14.6% YoY

What does CSMA do?

CSMA is a Private limited company incorporated in 2011. Its main activity is: Computer consultancy activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0838.007.744
Incorporation
19/07/2011
Legal form
Private limited company
Registered office
Clarissenstraat 21
9000 Gent · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212019201820172016201520132012
Income statement
Gross margin85,3 k €36,8 k €67,2 k €91 k €93 k €26,8 k €11,2 k €31 k €47 k €60,9 k €52,6 k €36,5 k €
EBITDA82,5 k €31,3 k €65,5 k €87,9 k €91,3 k €25,3 k €7,6 k €27,6 k €45,5 k €58,9 k €47,1 k €34,1 k €
Operating result81,2 k €29,8 k €64,8 k €87,2 k €90,6 k €25,3 k €7,6 k €27,4 k €44,9 k €58,2 k €46,5 k €33,7 k €
Net result56,1 k €19,3 k €46,4 k €61,5 k €73,4 k €16 k €2,3 k €17,1 k €30,1 k €43,4 k €34,3 k €27,3 k €
Balance sheet
Equity433 k €377,7 k €359,3 k €312,8 k €252,1 k €118,2 k €102,2 k €99,9 k €82,8 k €67,6 k €33,7 k €16,5 k €
Total assets549,4 k €466,2 k €446,1 k €378,6 k €338,8 k €223,1 k €144,7 k €157,4 k €138,3 k €109,4 k €99,4 k €74 k €
Cash12,4 k €10,9 k €6,9 k €17,1 k €10,4 k €–334,6 €0,1 €2,4 €–1 k €–
Debts114,9 k €88,5 k €86,8 k €65,8 k €86,7 k €104,9 k €42,5 k €57,5 k €55,5 k €41,6 k €63,7 k €49,3 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 · 1 active · 5 ended

Active mandates

Carl Dhuyvetters

Director · since 15 juillet 2011

Active

Ended mandates

Carl DHUYVETTERS

Director · since 19 juillet 2011

Ended
Carl DHUYVETTERS

Manager · since 19 juillet 2011

Ended
Carl Dhuyvetters

Manager

Ended
Sabrina Roeland

Manager · until 01 octobre 2015

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 date25/08/202629/08/202530/08/202430/09/202331/08/202231/08/2021
General meeting21/08/202631/07/202531/07/202426/05/202330/07/202226/08/2021
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

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202521/08/202625/08/2026DutchPDF
Micro model31/12/202431/07/202529/08/2025DutchPDF
Micro model31/12/202331/07/202430/08/2024DutchPDF
Micro model31/12/202226/05/202330/09/2023DutchPDF
Micro model31/12/202130/07/202231/08/2022DutchPDF
Micro model31/12/202026/08/202131/08/2021DutchPDF
Micro model31/12/201931/07/202031/08/2020DutchPDF
Micro model31/12/201824/05/201918/07/2019DutchPDF
Micro model31/12/201707/01/201809/01/2019DutchPDF
Micro model31/12/201630/06/201731/08/2017DutchPDF
Abridged model31/12/201530/06/201631/08/2016DutchPDF
Abridged model31/12/201330/06/201403/10/2014DutchPDF
Abridged model31/12/201230/06/201331/10/2013DutchPDF
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 · 1 active · 5 ended

Active mandates

Carl Dhuyvetters

Director · since 15 juillet 2011

Active

Ended mandates

Carl DHUYVETTERS

Director · since 19 juillet 2011

Ended
Carl DHUYVETTERS

Manager · since 19 juillet 2011

Ended
Carl Dhuyvetters

Manager

Ended
Sabrina Roeland

Manager · until 01 octobre 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office13/05/2024
    Zetelverplaatsing
    PDF
  • Mandates14/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office15/10/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office29/06/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates15/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/07/2011
    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

Timeline

  1. 2025
    Annual accounts 202556,1 k €↑
  2. 2024
    Annual accounts 202419,3 k €↓
  3. 2023
    Annual accounts 202346,4 k €↓
  4. 2022
    Annual accounts 202261,5 k €↓
  5. 2021
    Annual accounts 202173,4 k €↑
  6. 2019
    Annual accounts 201916 k €↑
  7. 2018
    Annual accounts 20182,3 k €↓
  8. 2017
    Annual accounts 201717,1 k €↓
  9. 2016
    Annual accounts 201630,1 k €↓
  10. 2015
    Annual accounts 201543,4 k €↑
  11. 2013
    Annual accounts 201334,3 k €↑
  12. 2012
    Annual accounts 201227,3 k €
  13. 19/07/2011
    IncorporationPrivate limited company