Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2025.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
-
Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CTSM from Mont-Saint-Guibert, company number BE0898999166, closed financial year 2025 with a result of € 125,767 after tax. For that financial year CTSM recorded a gross margin of € 877,150 and equity of € 377,619. Compared with financial year 2024, the result moved from € -83,245 to € 125,767. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 20, 2025.
€ 377,619
▲ 50% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 125,767
▲ still € 83,245 loss in 2024
Profit after tax over the fiscal year.
€ 30,533
▼ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 365,219.
People and assets in 2025
7.8
▲ 1.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 654,031
▲ 86% vs 2024
€ 83,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 35,170
▼ 77% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 44,329
▼ 84% vs 2024
€ 27,595 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 278,451
▲ 74% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 32,432
▲ 190% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 519,809 | € 596,139 | € 351,003 | € 877,150 | ▲ 150% |
| Profit after taxes | € 89,205 | € 106,922 | € -83,245 | € 125,767 | ▲ € 209,011 |
| Equity | € 228,175 | € 335,097 | € 251,852 | € 377,619 | ▲ 50% |
| Total debts | € 463,853 | € 436,669 | € 457,528 | € 355,645 | ▼ 22% |
| Cash | € 43,306 | € 15,785 | € 81,673 | € 30,533 | ▼ 63% |
| Retained profit | € 215,775 | € 322,697 | € 239,452 | € 365,219 | ▲ 53% |
| Dividend | € 1,600 | € 0 | € 0 | € 0 | |
| Bank debt | € 226,187 | € 208,870 | € 283,214 | € 44,329 | ▼ 84% |
| Balance sheet total | € 692,028 | € 771,766 | € 709,380 | € 733,264 | ▲ 3% |
| Employees (FTE) | 6.3 | 7.2 | 6 | 7.8 | ▲ 1.8 |
Key figures of CTSM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CTSM?
What happened at CTSM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- BLORON GROUP became a director. NBB
- Christophe VAN stepped down as director. NBB
- Etienne KAPUSI stepped down as director. NBB
- Christophe VAN became a director. NBB
- Etienne KAPUSI became a director. NBB
- New establishment in Mont-Saint-Guibert. KBO
- Start of the company according to the CBE. KBO
In short
From € 89,205 profit in 2022 to € 125,767 profit in 2025.
Paid € 72,259 in corporate taxes since 2022.
Best year ever: 2025, with € 125,767 profit.
On average € 112,500 of value added per employee in 2025.
A new publication or filing at CTSM? We notify you, reason included.
Follow CTSMDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BLORON GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CTSMBehind CTSM is BLORON GROUP. The shares are held by BLORON GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Thibaut PAIRON, BLONDEL LOUIS
since 2024
Christophe VAN
Director
since 2016 · until 2024
Etienne KAPUSI
Director
since 2008 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue des Sablières 45 box 34
1435 Mont-Saint-Guibert
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →PUGH & CO INTERNATIONAL
€ 1.2 million gross margin · 2024
Produits Habi
€ 8.7 million revenue · 2026
TRANNEX
€ 1.4 million gross margin · 2025
ETABLISSEMENTS NICOLAY
€ 547,951 gross margin · 2024
ALPHASTYLE
€ 113,736 gross margin · 2025
+34 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
OVH, FR
DNS
OVH DNS
Domain
Domain
ctsm.be
Registered
2009-02-27
Website info
Features
Security
Details
- Company number
- 0898.999.166
- VAT number
- BE 0898.999.166
- Registered office
- Rue des Sablières 45 bus 34, 1435 Mont-Saint-Guibert
- Names & denominations
- CTSM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2008
- Peppol
- Active · Active since 20 Mar 2025
- Contact
- ctsm.be
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Algemene bouw van kantoorgebouwen
Algemene bouw van andere niet-residentiële gebouwen
Algemene bouw van residentiële gebouwen
Algemene elektrotechnische installatiewerken
Sanitaire werkzaamheden