ACTIVE

CIAM

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Financial year 2025 · closed on 31/12/2025

Net result

20,4 k €

+156.9% YoY

Gross margin

62,1 k €

+11.7% YoY

Equity

134,8 k €

+17.0% YoY

What does CIAM do?

CIAM is a Private limited company incorporated in 2004. Its main activity is: Management consultancy activities. Its registered office is in Brugge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0870.710.602

Incorporation

21/12/2004

Legal form

Private limited company

Registered office

Dirk Martensstraat 22
8200 Brugge · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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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	62,1 k €	+11.7%	55,6 k €	-15.1%	65,5 k €	+6.8%	61,3 k €	+23.2%	49,8 k €	+33.0%	37,5 k €	-6.1%	39,9 k €	+17.2%	34 k €	+35.9%	25 k €	+89.8%	13,2 k €	-35.4%	20,4 k €	+238%	6 k €	-13.9%	7 k €	-82.5%	40,1 k €	+107%	19,4 k €	-4.0%	20,2 k €	+199%	6,8 k €	-83.6%	41,1 k €	+86.0%	22,1 k €	-58.1%	52,8 k €
EBITDA	59,3 k €	+13.6%	52,2 k €	-17.1%	62,9 k €	+6.5%	59,1 k €	+20.5%	49 k €	+33.3%	36,8 k €	-5.5%	38,9 k €	+17.8%	33 k €	+39.6%	23,7 k €	+100%	11,8 k €	-38.7%	19,3 k €	+319%	4,6 k €	-14.6%	5,4 k €	-85.8%	37,8 k €	+136%	16 k €	-1.1%	16,2 k €	+463%	2,9 k €	-92.2%	37,1 k €	+190%	12,8 k €	-75.0%	51,2 k €
Operating result	35 k €	+24.1%	28,2 k €	-29.3%	39,9 k €	+9.8%	36,3 k €	+56.1%	23,3 k €	-35.3%	36 k €	-5.6%	38,1 k €	+16.5%	32,7 k €	+40.1%	23,4 k €	+103%	11,5 k €	-38.4%	18,7 k €	+474%	3,3 k €	+15.3%	2,8 k €	-92.0%	35,2 k €	+157%	13,7 k €	-2.0%	14 k €	+233%	-10,5 k €	-145%	23,3 k €	+2312%	-1,1 k €	-103%	39 k €
Net result	20,4 k €	+157%	7,9 k €	-58.5%	19,1 k €	+15.6%	16,5 k €	+51.3%	10,9 k €	-49.6%	21,7 k €	+4.7%	20,7 k €	+17.6%	17,6 k €	+32.5%	13,3 k €	+151%	5,3 k €	-14.3%	6,2 k €	+10461%	58,7 €	-90.1%	593,1 €	-97.6%	25,1 k €	+112%	11,8 k €	+17.1%	10,1 k €	+318%	-4,6 k €	-131%	15,2 k €	+663%	-2,7 k €	-110%	26,9 k €
Balance sheet
Equity	134,8 k €	+17.0%	115,2 k €	-7.8%	124,9 k €	+6.2%	117,6 k €	+9.7%	107,2 k €	-16.5%	128,3 k €	-30.6%	184,8 k €	+12.6%	164 k €	+11.4%	147,2 k €	+8.1%	136,2 k €	+4.1%	130,9 k €	+5.0%	124,7 k €	+0.0%	124,7 k €	-6.0%	132,7 k €	+23.3%	107,6 k €	+12.4%	95,8 k €	+11.8%	85,7 k €	-5.1%	90,3 k €	+20.2%	75,1 k €	-3.5%	77,8 k €
Total assets	320 k €	-5.6%	339,2 k €	-7.6%	367,1 k €	-1.6%	373 k €	-2.6%	382,9 k €	+138%	160,7 k €	-23.9%	211 k €	+10.7%	190,7 k €	+10.1%	173,1 k €	+11.5%	155,3 k €	+1.1%	153,7 k €	+15.4%	133,1 k €	-5.0%	140,1 k €	-7.5%	151,4 k €	+29.8%	116,7 k €	+10.4%	105,7 k €	+14.2%	92,5 k €	-8.9%	101,5 k €	+6.5%	95,3 k €	-21.7%	121,7 k €
Cash	57,2 k €	+15.2%	49,7 k €	-0.9%	50,1 k €	+5.6%	47,5 k €	+55.1%	30,6 k €	-77.8%	137,6 k €	-25.9%	185,8 k €	+6.9%	173,8 k €	+12.0%	155,1 k €	+12.1%	138,4 k €	+0.5%	137,6 k €	+21.4%	113,4 k €	-0.1%	113,5 k €	-10.7%	127,2 k €	+24.2%	102,4 k €	+29.1%	79,4 k €	+44.2%	55 k €	-8.7%	60,3 k €	+38.0%	43,7 k €	-7.4%	47,2 k €
Debts	184 k €	-13.4%	212,4 k €	-8.7%	232,7 k €	-6.2%	248,1 k €	-9.3%	273,4 k €	+744%	32,4 k €	+23.6%	26,2 k €	-1.5%	26,6 k €	+2.7%	25,9 k €	+35.7%	19,1 k €	-16.0%	22,7 k €	+172%	8,3 k €	-46.0%	15,5 k €	-17.6%	18,7 k €	+108%	9 k €	-8.4%	9,9 k €	+44.4%	6,8 k €	-39.1%	11,2 k €	-44.4%	20,2 k €	-54.1%	43,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Boris Cosyn

Director

Active

Ended mandates

Boris Cosyn

Director · since 15 décembre 2004

Ended

Boris Cosyn

Manager

Ended

At this address

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Fiduciaire Ryckeman Gebroeders● Active	0405.137.425
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Zilverlinde● Active	1016.963.836

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	10/07/2026	19/06/2025	25/07/2024	10/08/2023	29/06/2022	15/06/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	10/07/2026	Dutch	PDF
Micro model	31/12/2024	17/06/2025	19/06/2025	Dutch	PDF
Micro model	31/12/2023	18/06/2024	25/07/2024	Dutch	PDF
Micro model	31/12/2022	20/06/2023	10/08/2023	Dutch	PDF
Micro model	31/12/2021	21/06/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	15/06/2021	15/06/2021	Dutch	PDF
Micro model	31/12/2019	16/06/2020	23/07/2020	Dutch	PDF
Micro model	31/12/2018	18/06/2019	29/07/2019	Dutch	PDF
Micro model	31/12/2017	19/06/2018	27/07/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	28/07/2016	Dutch	PDF
Abridged model	31/12/2014	16/06/2015	17/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/06/2014	16/07/2014	Dutch	PDF
Abridged model	31/12/2012	18/06/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	19/06/2012	19/07/2012	Dutch	PDF
Abridged model	31/12/2010	21/06/2011	14/07/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	20/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	03/07/2008	Dutch	PDF
Abridged modelCorrection	31/12/2006	19/06/2007	26/09/2007	Dutch	PDF
Abridged model	31/12/2006	19/06/2007	29/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 2 ended

Active mandates

Boris Cosyn

Director

Active

Ended mandates

Boris Cosyn

Director · since 15 décembre 2004

Ended

Boris Cosyn

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/11/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/01/2014
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other31/12/2004
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 202520,4 k €↑
2024
Annual accounts 20247,9 k €↓
2023
Annual accounts 202319,1 k €↑
2022
Annual accounts 202216,5 k €↑
2021
Annual accounts 202110,9 k €↓
2020
Annual accounts 202021,7 k €↑
2019
Annual accounts 201920,7 k €↑
2018
Annual accounts 201817,6 k €↑
2017
Annual accounts 201713,3 k €↑
2016
Annual accounts 20165,3 k €↓
2015
Annual accounts 20156,2 k €↑
2014
Annual accounts 201458,7 €↓
2013
Annual accounts 2013593,1 €↓
2012
Annual accounts 201225,1 k €↑
2011
Annual accounts 201111,8 k €↑
2010
Annual accounts 201010,1 k €↑
2009
Annual accounts 2009-4,6 k €↓
2008
Annual accounts 200815,2 k €↑
2007
Annual accounts 2007-2,7 k €↓
2006
Annual accounts 200626,9 k €
21/12/2004
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

CIAM

Overview

What does CIAM do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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