Cloud Software Group Belgium
ActiveSummary
Cloud Software Group Belgium has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.31M and a net result of €175k. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Financials · fiscal year 2025, abbreviated schema
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €4.43M | €3.89M | - | - | - | - |
| Turnover70 | €3.48M | €3.15M | €3.30M | €2.64M | €4.61M | ▲ 74.5% |
| Other operating income74 | €952k | €739k | - | - | - | - |
| Operating charges60/66A | €4.10M | €3.57M | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €164k | €86k | €132k | ▲ 54.6% |
| Services and other goods61 | €413k | €451k | - | - | - | - |
| Remuneration, social security and pensions62 | €3.68M | €3.11M | €2.90M | €2.25M | €1.95M | ▼ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €11k | €5k | €6k | €0 | ▼ 100% |
| Other operating charges640/8 | - | €1k | €0 | €103 | €14k | ▲ 13,875% |
| Non-recurring operating charges66A | - | - | - | €153k | €2.25M | ▲ 1,368% |
| Gross operating margin9900 | - | - | €3.14M | €2.56M | €4.48M | ▲ 75.1% |
| Operating profit (loss)9901 | €330k | €316k | €238k | €150k | €266k | ▲ 77.8% |
| Financial income75/76B | €113 | €149 | €0 | €707 | €604 | ▼ 14.6% |
| Recurring financial income75 | €113 | €149 | €0 | €707 | €604 | ▼ 14.6% |
| Other financial income752/9 | €113 | €149 | - | - | - | - |
| Financial charges65/66B | €4k | €4k | €2k | €0 | €6k | - |
| Recurring financial charges65 | €4k | €4k | €2k | €0 | €6k | - |
| Other financial charges652/9 | €4k | €4k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €326k | €311k | €237k | €150k | €260k | ▲ 73.0% |
| Income taxes67/77 | €127k | €137k | €39k | €48k | €85k | ▲ 75.3% |
| Taxes670/3 | €127k | €137k | - | - | - | - |
| Profit (loss) for the period9904 | €199k | €174k | €198k | €102k | €175k | ▲ 71.9% |
| Profit (loss) for the period to be appropriated9905 | €199k | €174k | €198k | €102k | €175k | ▲ 71.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.61M | €3.56M | €3.62M | €4.98M | €4.17M | ▼ 16.3% |
| Fixed assets21/28 | €26k | €20k | €15k | €10k | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €16k | €10k | €5k | €0 | - | - |
| Furniture and vehicles24 | €16k | €10k | €5k | €0 | - | - |
| Financial fixed assets28 | €10k | €10k | €10k | €10k | €0 | ▼ 100% |
| Other financial fixed assets284/8 | €10k | €10k | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €10k | €10k | - | - | - | - |
| Current assets29/58 | €3.59M | €3.54M | €3.61M | €4.97M | €4.17M | ▼ 16.1% |
| Stocks and contracts in progress3 | €0 | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €2.82M | €2.44M | €3.55M | €4.88M | €3.00M | ▼ 38.5% |
| Trade receivables40 | €2.79M | €2.41M | €3.43M | €4.88M | €3.00M | ▼ 38.6% |
| Other amounts receivable41 | €37k | €39k | €125k | €4k | €5k | ▲ 12.9% |
| Cash at bank and in hand54/58 | €741k | €1.08M | €56k | €83k | €1.17M | ▲ 1,298% |
| Deferred charges and accrued income490/1 | €22k | €17k | €316 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.61M | €3.56M | €3.62M | €4.98M | €4.17M | ▼ 16.3% |
| Equity10/15 | €2.66M | €2.84M | €3.03M | €3.14M | €3.31M | ▲ 5.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €2.65M | €2.83M | €3.03M | €3.13M | €3.30M | ▲ 5.6% |
| Amounts payable17/49 | €950k | €721k | €586k | €1.84M | €857k | ▼ 53.5% |
| Amounts payable within one year42/48 | €950k | €721k | €586k | €1.84M | €857k | ▼ 53.5% |
| Trade debts44 | €76k | €37k | €132k | €1.13M | €26k | ▼ 97.7% |
| Suppliers440/4 | €76k | €37k | €132k | €1.13M | €26k | ▼ 97.7% |
| Taxes, remuneration and social security45 | €873k | €683k | €454k | €715k | €831k | ▲ 16.3% |
| Taxes450/3 | €3k | €12k | €0 | €12k | €94k | ▲ 664% |
| Remuneration and social security454/9 | €870k | €672k | €454k | €703k | €738k | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €199k | €174k | €198k | €102k | €175k | ▲ 71.9% |
| + Depreciation and write-downs630 | €10k | €11k | €5k | €6k | €0 | ▼ 100% |
| Operating cash flow (approximation) | €208k | €185k | €203k | €107k | €175k | ▲ 63.1% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-1k | €10k | ▲ 1,130% |
| Change in cash | - | €334k | €-1.02M | €27k | €1.08M | ▲ 3,900% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
06-02
State Gazette act
Reappointment: RSM InterAudit BV (statutory auditor)Permanent representative: Michaël Focant · Resignation: Thomas Berquist (director) · Appointment: Brian Lee Shytle (director)8 facts ▸
- General meeting, 14-08-2025
- Auditor reappointment, RSM InterAudit BV (statutory auditor)
- General meeting, 29-10-2025
- Permanent representative, Michaël Focant
- General meeting, 02-01-2026
- Director resignation, Thomas Berquist (director)
- Director appointment, Brian Lee Shytle (director)
- Mandate compensation, Brian Lee Shytle
21-10
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney6 facts ▸
- General meeting, 30-09-2024
- Merger, verrichting gelijkgesteld met fusie door overneming, 01-10-2024
- Accounting effect, 01-10-2024
- Power of attorney, Bestuursorgaan
- Power of attorney, Stijn RAES
- Sole-shareholder decision, De enige aandeelhouder handelt in de plaats van de algemene vergadering
20-08
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney3 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting
- Accounting effect, zonder retroactief effect
- Power of attorney, Antonio Gomes
19-07
State Gazette act
Resignations: Alexander Kolar, Ganesh Vajdyanathan and 2 othersAppointment: Thomas P. Berquist (director) · Mandate compensation7 facts ▸
- General meeting, 07-06-2024
- Director resignation, Alexander Kolar (director)
- Director resignation, Ganesh Vajdyanathan (director)
- Director resignation, Brian Lee Shytle (director)
- Director resignation, Malgorzata Stelmach-Hansson (director)
- Director appointment, Thomas P. Berquist (director)
- Mandate compensation, Thomas P. Berquist
28-11
State Gazette act
Statutes amendmentName change2 facts ▸
- General meeting, 17-11-2023
- Name change, Cloud Software Group Belgium
31-10
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 06-10-2023
- Registered-office move, Brussels Airport, Da Vincilaan 9, 1930 Zaventem, België
02-06
State Gazette act
Resignation: Oliver KIRCHNER (director)Appointments: KOLAR Alexander Edward, GOMEZ Antonio Gilbert and VAIDYANATHAN Ganesh · Reserve release · Statutes amendment14 facts ▸
- General meeting, 26-05-2023
- Reserve release, Omvorming van de statutair onbeschikbare eigen vermogensrekening in een beschikbare eigen vermogensrekening
- Statutes amendment
- Statutes amendment
- Director resignation, Oliver KIRCHNER (director)
- Director discharge, Oliver KIRCHNER
- Director appointment, KOLAR Alexander Edward (director)
- Director appointment, GOMEZ Antonio Gilbert (director)
- Director appointment, VAIDYANATHAN Ganesh (director)
- Mandate compensation, KOLAR Alexander Edward
- Mandate compensation, GOMEZ Antonio Gilbert
- Mandate compensation, VAIDYANATHAN Ganesh
- +2 further facts in this act
Show earlier events
12-04
State Gazette act
Resignation: EY Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Thomas Meurice and Sara Van Heghe · Appointment: RSM InterAudit BV (statutory auditor)5 facts ▸
- General meeting, 16-03-2023
- Director resignation, EY Bedrijfsrevisoren BV (statutory auditor)
- Permanent representative, Thomas Meurice
- Auditor appointment, RSM InterAudit BV (statutory auditor)
- Permanent representative, Sara Van Heghe
19-10
State Gazette act
Reappointment: Ernst & Young bedrijfsrevisoren BV CVBA (statutory auditor)Permanent representative: Sara Van Heghe3 facts ▸
- General meeting, 23-09-2020
- Auditor reappointment, Ernst & Young bedrijfsrevisoren BV CVBA
- Permanent representative, Sara Van Heghe
31-07
State Gazette act
Appointments: Oliver KIRCHNER (manager) and Maigorzata STELMACH-HANSSON (manager)Resignation: Cacimhe NI GHIOSAIN (manager) · Director discharge5 facts ▸
- General meeting, 29-05-2019
- Director appointment, Oliver KIRCHNER (manager)
- Director appointment, Maigorzata STELMACH-HANSSON (manager)
- Director resignation, Cacimhe NI GHIOSAIN (manager)
- Director discharge, Cacimhe NI GHIOSAIN
17-10
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren BV CVBA (statutory auditor)Permanent representative: Vincent Etienne3 facts ▸
- General meeting, 30-06-2017
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BV CVBA
- Permanent representative, Vincent Etienne
27-06
State Gazette act
Resignation: David ZALEWSKI (manager)Director discharge3 facts ▸
- General meeting, 31-05-2016
- Director resignation, David ZALEWSKI (manager)
- Director discharge, David ZALEWSKI
16-10
State Gazette act
Resignation: Carlos Emilio SARTORIUS WITTE (manager)Director discharge3 facts ▸
- General meeting, 08-09-2015
- Director resignation, Carlos Emilio SARTORIUS WITTE (manager)
- Director discharge, Carlos Emilio SARTORIUS WITTE
19-01
State Gazette act
Resignation: Scott HERREN (manager)Appointments: Brian Lee SHYTLE (manager) and David ZALEWSKI (manager) · Director discharge · Registered-office move7 facts ▸
- General meeting, 08-12-2014
- Director resignation, Scott HERREN (manager)
- Director discharge, Scott HERREN
- Director appointment, Brian Lee SHYTLE (manager)
- Director appointment, David ZALEWSKI (manager)
- Board meeting, 08-12-2014
- Registered-office move, Leonardo Da Vincilaan 19 te 1831 Diegem, België
07-08
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)Permanent representative: Vincent Etienne3 facts ▸
- General meeting, 30-06-2014
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
- Permanent representative, Vincent Etienne
11-02
State Gazette act
Appointment: Caoimhe Ní GHIOSÁIN (manager)Registered-office move · Statutes amendment · Capital5 facts ▸
- General meeting, 20-12-2013
- Registered-office move, 1831 Diegem, Pegasuslaan, 5
- Statutes amendment
- Capital, €19.000
- Director appointment, Caoimhe Ní GHIOSÁIN (manager)
08-01
State Gazette act
Resignation: Mark FARIS (manager)Director discharge3 facts ▸
- General meeting, 26-11-2012
- Director resignation, Mark FARIS (manager)
- Director discharge, Mark FARIS (manager)
07-09
State Gazette act
Resignation: Peter John Connor (manager)Director discharge3 facts ▸
- General meeting, 01-08-2012
- Director resignation, Peter John Connor (manager)
- Director discharge, Peter John Connor (manager)
25-05
State Gazette act
Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)Permanent representative: Harry Everaerts3 facts ▸
- General meeting, 31-05-2011
- Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA
- Permanent representative, Harry Everaerts
27-12
State Gazette act
Resignations: David HENSHALL (manager) and Harry Everaerts (wettelijk vertegenwoordiger)Appointment: Carlos Emilio SARTORIUS WITTE (manager) · Permanent representative: Vincent Etienne6 facts ▸
- General meeting, 01-12-2011
- Director resignation, David HENSHALL (manager)
- Director appointment, Carlos Emilio SARTORIUS WITTE (manager)
- Board meeting, 01-12-2011
- Permanent representative, Vincent Etienne
- Director resignation, Harry Everaerts (wettelijk vertegenwoordiger)
17-03
State Gazette act
Resignation: Teresa Lane (manager)Appointment: Mark Faris (manager)3 facts ▸
- General meeting, 31-01-2011
- Director resignation, Teresa Lane (manager)
- Director appointment, Mark Faris (manager)
28-08
State Gazette act
Appointment: Ernst And Young Bedrijfsrevisoren (statutory auditor)Permanent representative: Harry Everaerts · Mandate compensation4 facts ▸
- General meeting
- Auditor appointment, Ernst And Young Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Harry Everaerts
- Mandate compensation, Ernst And Young Bedrijfsrevisoren
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0081/00E003 | Flanders | 6,679 m² | 1 · 1,464 m² | 31.3 m · 9 fl. |
Linked by address, not proof of ownership
Statutory auditor
1 auditor| RSM Interaudit BVCurrent Statutory auditor · represented by Michaël Focant | 01-01-2022 → present |
Show 1 earlier auditors
| Ernst & Young Bedrijfsrevisoren BCVBA Auditor · represented by Sara Van Heghe succeeded by RSM Interaudit BV in 2022 | 31-12-2005 → 01-01-2022 |
Articles of association
Full purpose
De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, door of met anderen, alle verrichtingen die rechtstreeks of onrechtstreeks te maken hebben met: - de aankoop, verkoop, huur, terbeschikkingstelling, onderzoek, ontwikkeling, aanpassing en in het algemeen de handel in software en informaticallcenties in de ruimst mogelijke zin; - alle activiteiten die rechtstreeks of onrechtstreeks te maken hebben et computers, software en informaticalicenties: - dienstverlening i.v.m, computers in het algemeen; - het verlenen van advies en de financiële, commerciële, administratieve of technische steun; - de toekenning van leningen en borgstellingen; - de hulp aan de oprichting van vennootschappen, door een participatie te nemen of op eender welke andere wijze, en het opnemen van mandaten als bestuurder, zaakvoerder, vereffenaar of analoge functies. Ze kan alle commerciële, industriële, financiële, roerende en onroerende verrichtingen uitvoeren die rechtstreeks of onrechtstreeks met haar voorwerp te maken hebben of die de ontwikkeling ervan kunnen bevorderen. De vennootschap zal de directie en de controle kunnen opnemen, als bestuurder, vereffenaar of anders, van aangesloten of dochtervennootschappen, en hun adviezen kunnen verschaffen. De vennootschap kan, met inbreng in geld of in natura, fusie, ondertekening, participatie, financiële of andere interventie, participaties nemen in andere (bestaande of nog cp te richten) bedrijven of vennootschappen, zowel in België als in het buitenland, waarvan het voorwerp gelijkaardig of analoog zou zijn aan het hare of van dien aard zou zijn dat het haar voorwerp bevordert.
Structure & network
Acquisitions and mergers
1 transactionCapital and shareholders
- 11-02-2014 Capital stated in the act · 19,000 EUR · 19 shares
Similar companies · same sector, comparable size
Identification & contact
Scores and ratios are computed by Checked and are not a credit decision.