ACTIVE

CTSM

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Financial year 2025 · closed on 30/06/2025
Net result
125,8 k €
+251.1% YoY
Gross margin
877,1 k €
+149.9% YoY
Equity
377,6 k €
+49.9% YoY
Workforce
7,8 ETP
+30.0% YoY

What does CTSM do?

CTSM is a Private limited company incorporated in 2008. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Mont-Saint-Guibert. It employs on average 7,8 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0898.999.166
Incorporation
30/06/2008
Legal form
Private limited company
Registered office
Rue des Sablières 45 box 34
1435 Mont-Saint-Guibert · WallonieSee on map
Contributed capital
12 400,00 €
Latest accounts
30/06/2025
Average workforce
7,8 ETP
Activities (NACE)
43222Plumbing, heat and air-conditioning installation· main43222Plumbing, heat and air-conditioning installation41001Construction of buildings41002Construction of buildings41003Construction of buildings41201Construction of residential and non-residential buildings+6
Joint committees (2)
  • 124
  • 200
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross margin877,1 k €351 k €596,1 k €519,8 k €306,9 k €126,7 k €132,7 k €159,9 k €131,1 k €54,3 k €134,3 k €143,8 k €100 k €150,9 k €128 k €97 k €68,8 k €
EBITDA192,8 k €-1,9 k €202,5 k €172,7 k €80,3 k €44,8 k €65,2 k €81,9 k €61,2 k €-31,3 k €43,3 k €57,8 k €-759 €37,7 k €28,1 k €37,9 k €43,8 k €
Operating result160,2 k €-63 k €154,4 k €123,7 k €45,9 k €16 k €36,3 k €59,9 k €41,7 k €-44,3 k €29,9 k €46,9 k €-21,9 k €15,4 k €6 k €17 k €36,3 k €
Net result125,8 k €-83,2 k €106,9 k €89,2 k €26,4 k €4,8 k €19,4 k €31,7 k €33,5 k €-48,5 k €15,9 k €31,4 k €-28,1 k €5,3 k €1,5 k €9,2 k €25,8 k €
Balance sheet
Equity377,6 k €251,9 k €335,1 k €228,2 k €140,6 k €114,2 k €109,4 k €90 k €58,3 k €24,8 k €73,2 k €57,3 k €25,9 k €54,1 k €48,8 k €47,4 k €38,2 k €
Total assets733,3 k €709,4 k €771,8 k €692 k €453,1 k €416,9 k €278,8 k €252,6 k €196,1 k €146,8 k €180,8 k €138,7 k €139,3 k €177,3 k €288,5 k €163,9 k €80,3 k €
Cash30,5 k €81,7 k €15,8 k €43,3 k €31,4 k €9,9 k €9,7 k €10,3 k €8,3 k €10,7 k €14,2 k €10,1 k €12,1 k €6 k €76,5 k €4 k €17,7 k €
Debts355,2 k €454,8 k €423,1 k €449,1 k €312,5 k €302,7 k €169,4 k €162,6 k €134,6 k €118,8 k €107,5 k €81,3 k €113,4 k €123,2 k €238,6 k €116,5 k €38,8 k €
Other
Workforce7,8 ETP6,0 ETP7,2 ETP6,3 ETP4,9 ETP1,1 ETP–––1,0 ETP3,0 ETP3,5 ETP4,0 ETP5,0 ETP4,6 ETP2,9 ETP1,0 ETP
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 30/06/2025 · 3 active · 7 ended

Active mandates

BLORON GROUP

Director · since 05 septembre 2024 · 1012.245.775

Represented by BLONDEL LOUIS

Active
Christophe VAN

Director · since 01 août 2016 · until 05 septembre 2024

Active
Etienne KAPUSI

Director · since 02 juillet 2008 · until 05 septembre 2024

Active

Ended mandates

Christophe VAN

Director · since 01 août 2016

Ended
Etienne KAPUSI

Director · since 02 juillet 2008

Ended
Christophe Van

Manager

Ended
Christophe VAN

Director

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date20/10/202519/12/202431/01/202403/04/202308/02/202206/01/2021
General meeting19/09/202530/08/202401/12/202302/12/202203/12/202104/12/2020
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged modelCorrection30/06/202519/09/202520/10/2025FrenchPDF
Abridged model30/06/202519/09/202529/09/2025FrenchPDF
Abridged model30/06/202430/08/202419/12/2024FrenchPDF
Abridged model30/06/202301/12/202331/01/2024FrenchPDF
Abridged model30/06/202202/12/202203/04/2023FrenchPDF
Abridged model30/06/202103/12/202108/02/2022FrenchPDF
Abridged model30/06/202004/12/202006/01/2021FrenchPDF
Micro model30/06/201906/12/201921/01/2020FrenchPDF
Micro model30/06/201816/07/201817/07/2018FrenchPDF
Micro model30/06/201701/12/201701/12/2017FrenchPDF
Abridged model30/06/201602/12/201606/12/2016FrenchPDF
Abridged model30/06/201504/12/201510/12/2015FrenchPDF
Abridged model30/06/201405/12/201416/12/2014FrenchPDF
Abridged model30/06/201306/12/201327/01/2014FrenchPDF
Abridged model30/06/201207/12/201224/12/2012FrenchPDF
Abridged model30/06/201102/12/201123/01/2012FrenchPDF
Abridged model30/06/201003/12/201007/01/2011FrenchPDF
Abridged model30/06/200904/12/200925/01/2010FrenchPDF
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 30/06/2025 · 3 active · 7 ended

Active mandates

BLORON GROUP

Director · since 05 septembre 2024 · 1012.245.775

Represented by BLONDEL LOUIS

Active
Christophe VAN

Director · since 01 août 2016 · until 05 septembre 2024

Active
Etienne KAPUSI

Director · since 02 juillet 2008 · until 05 septembre 2024

Active

Ended mandates

Christophe VAN

Director · since 01 août 2016

Ended
Etienne KAPUSI

Director · since 02 juillet 2008

Ended
Christophe Van

Manager

Ended
Christophe VAN

Director

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/10/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office11/04/2022
    SIEGE SOCIAL
    PDF
  • Mandates31/10/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office24/07/2009
    SIEGE SOCIAL
    PDF
  • Other14/07/2008
    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 2025125,8 k €↑
  2. 2024
    Annual accounts 2024-83,2 k €↓
  3. 2023
    Annual accounts 2023106,9 k €↑
  4. 2022
    Annual accounts 202289,2 k €↑
  5. 2021
    Annual accounts 202126,4 k €↑
  6. 2020
    Annual accounts 20204,8 k €↓
  7. 2019
    Annual accounts 201919,4 k €↓
  8. 2018
    Annual accounts 201831,7 k €↓
  9. 2017
    Annual accounts 201733,5 k €↑
  10. 2016
    Annual accounts 2016-48,5 k €↓
  11. 2015
    Annual accounts 201515,9 k €↓
  12. 2014
    Annual accounts 201431,4 k €↑
  13. 2013
    Annual accounts 2013-28,1 k €↓
  14. 2012
    Annual accounts 20125,3 k €↑
  15. 2011
    Annual accounts 20111,5 k €↓
  16. 2010
    Annual accounts 20109,2 k €↓
  17. 2009
    Annual accounts 200925,8 k €
  18. 30/06/2008
    IncorporationPrivate limited company