ACTIVE

CMS

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Financial year 2025 · closed on 31/12/2025

Net result

-10,2 k €

-224.2% YoY

Gross margin

18,7 k €

-60.8% YoY

Equity

127,9 k €

-34.8% YoY

What does CMS do?

CMS is a Private limited company incorporated in 2004. Its main activity is: Agents specialised in the sale of other particular products. Its registered office is in Huldenberg.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0867.871.767

Incorporation

08/10/2004

Legal form

Private limited company

Registered office

Nijvelsebaan 109
3040 Huldenberg · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

46180Agents specialised in the sale of other particular products· main 46180Agents specialised in the sale of other particular products 51180Passenger air transport 47552Retail sale of other household equipment in specialised stores 47592Retail sale of furniture, lighting equipment and other household articles in specialised stores 52442Warehousing and support activities for transportation+5

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	18,7 k €	-60.8%	47,6 k €	-40.1%	79,4 k €	+26.8%	62,6 k €	+2.6%	61 k €	+88.8%	32,3 k €	-39.2%	53,1 k €	+3284%	1,6 k €	-95.6%	35,5 k €	+7.2%	33,1 k €	+5.1%	31,5 k €	-36.2%	49,4 k €	+1.7%	48,6 k €	+6.7%	45,6 k €	+47.3%	30,9 k €	+2281%	-1,4 k €	-106%	22,9 k €	-26.7%	31,3 k €	+45.9%	21,4 k €	-64.4%	60,2 k €
EBITDA	18 k €	-60.8%	45,8 k €	-41.5%	78,4 k €	+26.6%	61,9 k €	+2.6%	60,3 k €	+90.4%	31,7 k €	-36.8%	50,2 k €	+14138%	352,3 €	-99.0%	35 k €	+9.7%	31,9 k €	+9.4%	29,2 k €	-40.3%	48,8 k €	+4.2%	46,9 k €	+3.9%	45,1 k €	+45.8%	30,9 k €	+2281%	-1,4 k €	-106%	22,9 k €	-26.7%	31,3 k €	+45.9%	21,4 k €	-64.4%	60,2 k €
Operating result	-9,3 k €	-154%	17,2 k €	-67.8%	53,4 k €	+26.5%	42,2 k €	+102%	20,8 k €	+476%	-5,5 k €	-129%	18,9 k €	+174%	-25,6 k €	-1414%	1,9 k €	+195%	659,4 €	+125%	-2,7 k €	-114%	18,4 k €	+27.8%	14,4 k €	-37.3%	23 k €	-15.1%	27,1 k €	+614%	-5,3 k €	-128%	18,6 k €	-38.8%	30,3 k €	+84.7%	16,4 k €	-70.5%	55,7 k €
Net result	-10,2 k €	-224%	8,2 k €	-75.7%	33,9 k €	+26.7%	26,7 k €	+83.2%	14,6 k €	+288%	-7,8 k €	-146%	16,8 k €	+164%	-26,3 k €	-3403%	-750,7 €	+71.6%	-2,6 k €	+69.0%	-8,5 k €	-210%	7,8 k €	+53.3%	5,1 k €	-63.3%	13,8 k €	-29.7%	19,6 k €	+555%	-4,3 k €	-137%	11,8 k €	-26.9%	16,1 k €	+17.0%	13,8 k €	-64.1%	38,4 k €
Balance sheet
Equity	127,9 k €	-34.8%	196,2 k €	+4.4%	188 k €	+22.0%	154,1 k €	+21.0%	127,3 k €	+13.0%	112,7 k €	-6.4%	120,5 k €	+16.2%	103,6 k €	-20.2%	129,9 k €	-0.6%	130,7 k €	-2.0%	133,3 k €	-6.0%	141,9 k €	+5.8%	134,1 k €	+3.9%	129 k €	+18.0%	109,3 k €	+21.9%	89,7 k €	-4.6%	94 k €	+14.3%	82,2 k €	+24.4%	66,1 k €	+26.3%	52,3 k €
Total assets	188,1 k €	-19.7%	234,3 k €	+0.6%	232,8 k €	-1.6%	236,7 k €	+11.1%	213,1 k €	+23.4%	172,7 k €	+22.2%	141,3 k €	+6.4%	132,8 k €	-22.8%	172 k €	-16.1%	205,1 k €	-13.0%	235,7 k €	-9.9%	261,6 k €	-5.1%	275,6 k €	-0.1%	275,8 k €	+109%	132,1 k €	+15.1%	114,8 k €	-6.2%	122,4 k €	+9.2%	112,1 k €	+25.2%	89,5 k €	-11.8%	101,5 k €
Cash	64,9 k €	-24.5%	85,9 k €	-17.4%	104 k €	-2.3%	106,4 k €	+16.3%	91,5 k €	+80.4%	50,7 k €	+0.4%	50,5 k €	+31.1%	38,5 k €	-27.7%	53,3 k €	-20.3%	66,9 k €	-11.2%	75,3 k €	-1.3%	76,3 k €	+77.2%	43,1 k €	-13.8%	49,9 k €	-30.3%	71,6 k €	-20.6%	90,3 k €	-14.1%	105,1 k €	+2.9%	102,1 k €	+27.2%	80,3 k €	+18.8%	67,6 k €
Debts	60,2 k €	+57.8%	38,1 k €	-15.0%	44,9 k €	-45.7%	82,7 k €	-3.6%	85,7 k €	+43.0%	59,9 k €	+188%	20,8 k €	-28.7%	29,2 k €	-30.5%	42 k €	-43.5%	74,4 k €	-27.3%	102,3 k €	-14.5%	119,8 k €	-15.4%	141,5 k €	-3.6%	146,7 k €	+545%	22,8 k €	-9.3%	25,1 k €	-11.7%	28,4 k €	-4.8%	29,9 k €	+27.6%	23,4 k €	-52.4%	49,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Hilde Robberechts

Director · since 08 octobre 2004

Active

Ended mandates

Hilde Robbrechts

Director · since 08 octobre 2004

Ended

Hilde Robbrechts

Administrator - manager

Ended

Hilde Robbrechts

Manager

Ended

Hilde Robrechts

Administrator - manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2026	29/08/2025	10/09/2024	23/08/2023	08/08/2022	26/11/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	05/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/05/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	30/05/2025	29/08/2025	Dutch	PDF
Micro model	31/12/2023	31/05/2024	10/09/2024	Dutch	PDF
Micro model	31/12/2022	26/05/2023	23/08/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	08/08/2022	Dutch	PDF
Micro model	31/12/2020	05/05/2021	26/11/2021	Dutch	PDF
Micro model	31/12/2019	29/05/2020	27/08/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	31/05/2018	08/08/2018	Dutch	PDF
Micro model	31/12/2016	26/05/2017	24/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	24/06/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	28/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	15/07/2014	Dutch	PDF
Abridged model	31/12/2012	30/06/2013	18/11/2013	Dutch	PDF
Abridged model	31/12/2011	26/05/2012	22/10/2012	Dutch	PDF
Abridged model	31/12/2010	26/05/2011	30/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	28/09/2010	Dutch	PDF
Abridged model	31/12/2008	26/05/2009	12/01/2010	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	29/09/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	24/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 · 4 ended

Active mandates

Hilde Robberechts

Director · since 08 octobre 2004

Active

Ended mandates

Hilde Robbrechts

Director · since 08 octobre 2004

Ended

Hilde Robbrechts

Administrator - manager

Ended

Hilde Robbrechts

Manager

Ended

Hilde Robrechts

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/06/2020
MAATSCHAPPELIJKE ZETEL - WIJZIGING RECHTSVORM
PDF
Registered office15/01/2013
MAATSCHAPPELIJKE ZETEL
PDF
Mandates29/03/2006
ONTSLAGEN - BENOEMINGEN
PDF
Other25/10/2004
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 2025-10,2 k €↓
2024
Annual accounts 20248,2 k €↓
2023
Annual accounts 202333,9 k €↑
2022
Annual accounts 202226,7 k €↑
2021
Annual accounts 202114,6 k €↑
2020
Annual accounts 2020-7,8 k €↓
2019
Annual accounts 201916,8 k €↑
2018
Annual accounts 2018-26,3 k €↓
2017
Annual accounts 2017-750,7 €↑
2016
Annual accounts 2016-2,6 k €↑
2015
Annual accounts 2015-8,5 k €↓
2014
Annual accounts 20147,8 k €↑
2013
Annual accounts 20135,1 k €↓
2012
Annual accounts 201213,8 k €↓
2011
Annual accounts 201119,6 k €↑
2010
Annual accounts 2010-4,3 k €↓
2009
Annual accounts 200911,8 k €↓
2008
Annual accounts 200816,1 k €↑
2007
Annual accounts 200713,8 k €↓
2006
Annual accounts 200638,4 k €
08/10/2004
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

CMS

Overview

What does CMS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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