ACTIVE

CMSVG

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Financial year 2025 · closed on 31/12/2025

Net result

57,1 k €

+432.3% YoY

Gross margin

1,1 M €

-3.7% YoY

Equity

22,4 k €

+165.3% YoY

Workforce

34,8 ETP

-5.7% YoY

What does CMSVG do?

CMSVG is a Private limited company incorporated in 2005. Its main activity is: Accommodation. Its registered office is in Geel. It employs on average 34,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0877.759.730

Incorporation

07/12/2005

Legal form

Private limited company

Registered office

Markt 52
2440 Geel · FlandreSee on map

Contributed capital

168 600,00 €

Latest accounts

31/12/2025

Average workforce

34,8 ETP

Activities (NACE)

55401Accommodation· main 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 56301Beverage serving activities 56301Beverage serving activities 55301Camping grounds, recreational vehicle parks and trailer parks+3

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,1 M €	-3.7%	1,1 M €	+20.6%	914,3 k €	+31.8%	693,6 k €	-10.9%	778,3 k €	-11.5%	879,0 k €	-14.8%	1,0 M €	-6.3%	1,1 M €	+13.9%	966,6 k €	+42.1%	680,4 k €	-11.6%	769,4 k €	+22.0%	630,8 k €	-4.4%	660,2 k €	-7.1%	710,5 k €	+12.4%	632,0 k €	+2.3%	617,6 k €	+1.8%	606,7 k €	+23.3%	492,1 k €	+85.5%	265,3 k €
EBITDA	58,2 k €	+208%	18,9 k €	+130%	-62,7 k €	+40.0%	-104,5 k €	-137%	284,0 k €	+340%	-118,3 k €	-176%	156,4 k €	-18.9%	193,0 k €	-0.1%	193,1 k €	-12.6%	220,9 k €	+984%	20,4 k €	+0.6%	20,3 k €	-86.2%	146,6 k €	-30.5%	210,9 k €	+13.4%	185,9 k €	+16.7%	159,2 k €	-36.4%	250,4 k €	+32.5%	189,0 k €	+139%	79,0 k €
Operating result	34,6 k €	+1405%	-2,7 k €	+96.9%	-86,8 k €	+38.9%	-142,2 k €	-167%	211,8 k €	+197%	-217,9 k €	-458%	60,8 k €	-4.8%	63,9 k €	+117%	29,4 k €	-51.1%	60,2 k €	+141%	-147,1 k €	-0.8%	-145,9 k €	-39073%	374,4 €	-99.6%	103,2 k €	+110%	49,1 k €	+273%	13,2 k €	-89.3%	123,2 k €	+103%	60,7 k €	+7.8%	56,3 k €
Net result	57,1 k €	+432%	-17,2 k €	+82.5%	-98,1 k €	+34.9%	-150,6 k €	-173%	207,7 k €	+193%	-224,1 k €	-593%	45,4 k €	-2.7%	46,7 k €	+7073%	-669,1 €	-101%	47,9 k €	+127%	-176,7 k €	-15.7%	-152,8 k €	-2077%	7,7 k €	+278%	-4,3 k €	-105%	87,5 k €	+362%	-33,5 k €	-155%	60,8 k €	+91.5%	31,8 k €	-9.2%	35,0 k €
Balance sheet
Equity	22,4 k €	+165%	-34,3 k €	-100%	-17,1 k €	-121%	81,0 k €	-65.0%	231,6 k €	+483%	-60,5 k €	-137%	163,6 k €	+613%	-31,9 k €	+59.4%	-78,5 k €	-0.9%	-77,8 k €	+38.1%	-125,8 k €	-347%	50,9 k €	-75.0%	203,6 k €	+3.9%	195,9 k €	+0.9%	194,2 k €	+82.1%	106,6 k €	-23.9%	140,1 k €	+76.8%	79,3 k €	+66.9%	47,5 k €
Total assets	428,1 k €	-20.1%	535,6 k €	+9.5%	489,0 k €	-17.1%	589,6 k €	-25.2%	788,5 k €	+6.9%	737,3 k €	-2.8%	758,8 k €	+3.3%	734,3 k €	-0.9%	741,3 k €	+2.6%	722,7 k €	-11.8%	819,5 k €	-21.5%	1,0 M €	-5.8%	1,1 M €	-17.1%	1,3 M €	+22.1%	1,1 M €	+13.0%	968,6 k €	+1.3%	956,5 k €	+31.2%	729,1 k €	+121%	330,3 k €
Cash	14,2 k €	-86.0%	101,8 k €	-31.0%	147,6 k €	-24.2%	194,6 k €	-60.8%	495,9 k €	+529%	78,8 k €	-65.7%	229,8 k €	+113%	107,8 k €	+194%	36,6 k €	+93.4%	18,9 k €	-69.0%	61,1 k €	+1253%	4,5 k €	-86.3%	33,1 k €	-13.4%	38,2 k €	+309%	9,3 k €	-24.5%	12,4 k €	-93.8%	199,6 k €	+1875%	10,1 k €	-68.7%	32,3 k €
Debts	405,7 k €	-27.9%	563,1 k €	+11.3%	506,0 k €	-0.2%	506,9 k €	-9.0%	556,9 k €	-29.8%	793,8 k €	+33.4%	595,2 k €	-22.3%	766,1 k €	-6.5%	819,8 k €	+2.4%	800,6 k €	-15.3%	945,3 k €	-4.8%	992,6 k €	+9.8%	903,8 k €	-20.7%	1,1 M €	+26.6%	900,1 k €	+4.4%	862,0 k €	+12.9%	763,4 k €	+17.5%	649,9 k €	+130%	282,8 k €
Other
Workforce	34,8 ETP	-5.7%	36,9 ETP	+19.0%	31,0 ETP	+3.3%	30,0 ETP	+28.2%	23,4 ETP	-22.3%	30,1 ETP	-2.3%	30,8 ETP	-8.9%	33,8 ETP	+20.7%	28,0 ETP	+128%	12,3 ETP	-57.7%	29,1 ETP	+22.3%	23,8 ETP	+8.2%	22,0 ETP	-9.5%	24,3 ETP	+3.4%	23,5 ETP	+4.9%	22,4 ETP	+7.7%	20,8 ETP	+24.6%	16,7 ETP	+29.5%	12,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

CAFO

Director · since 10 février 2023 · 0826.241.446

Represented by Cedric MERTENS

Active

Ended mandates

Cedric Mertens

Director · since 02 décembre 2005

Ended

CEDRIC MERTENS

Manager · since 02 décembre 2005

Ended

Cedric Mertens

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	06/07/2026	30/09/2025	05/07/2024	27/07/2023	26/08/2022	30/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	06/07/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	30/09/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	05/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	30/09/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	30/10/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	22/08/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	26/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	21/09/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	29/08/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 3 ended

Active mandates

CAFO

Director · since 10 février 2023 · 0826.241.446

Represented by Cedric MERTENS

Active

Ended mandates

Cedric Mertens

Director · since 02 décembre 2005

Ended

CEDRIC MERTENS

Manager · since 02 décembre 2005

Ended

Cedric Mertens

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/09/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/02/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/06/2018
KAPITAAL - AANDELEN
PDF
Registered office06/01/2009
MAATSCHAPPELIJKE ZETEL
PDF
Registered office18/10/2007
MAATSCHAPPELIJKE ZETEL
PDF
Other19/12/2005
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 202557,1 k €↑
2024
Annual accounts 2024-17,2 k €↑
2023
Annual accounts 2023-98,1 k €↑
2022
Annual accounts 2022-150,6 k €↓
2021
Annual accounts 2021207,7 k €↑
2019
Annual accounts 2019-224,1 k €↓
2018
Annual accounts 201845,4 k €↓
2017
Annual accounts 201746,7 k €↑
2016
Annual accounts 2016-669,1 €↓
2015
Annual accounts 201547,9 k €↑
2014
Annual accounts 2014-176,7 k €↓
2013
Annual accounts 2013-152,8 k €↓
2012
Annual accounts 20127,7 k €↑
2011
Annual accounts 2011-4,3 k €↓
2010
Annual accounts 201087,5 k €↑
2009
Annual accounts 2009-33,5 k €↓
2008
Annual accounts 200860,8 k €↑
2007
Annual accounts 200731,8 k €↓
2006
Annual accounts 200635,0 k €
07/12/2005
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

CMSVG

Overview

What does CMSVG do?

Trend over 19 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