Summary
C²S is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €73k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 31% of 2444 sector peers (fiscal year 2025). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
30 d late
2023
116 d early
2022
132 d early
2021
47 d early
2020
30 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€73k▼ 8.0%
2024 · €80k
2018: €66k
2019: €97k▲ +46.7% vs 2018highest in 8 years
2020: €-30k▼ -131% vs 2019lowest in 8 years
2021: €72k▲ +337% vs 2020
2022: €79k▲ +9.6% vs 2021
2023: €83k▲ +4.9% vs 2022
2024: €80k▼ -3.8% vs 2023
2025: €73k▼ -8.0% vs 2024
2018 → 2025
Net result
€-6k▼ 103%
2024 · €-3k
2018: €620
2019: €31k▲ +4900% vs 2018
2020: €-128k▼ -512% vs 2019lowest in 8 years
2021: €693k▲ +642% vs 2020highest in 8 years
2022: €57k▼ -91.8% vs 2021
2023: €4k▼ -93.1% vs 2022
2024: €-3k▼ -181% vs 2023
2025: €-6k▼ -103% vs 2024
2018 → 2025
Total assets
€277k▲ 1.2%
2024 · €274k
2018: €801k
2019: €800k▼ -0.1% vs 2018
2020: €671k▼ -16.1% vs 2019
2021: €925k▲ +37.9% vs 2020highest in 8 years
2022: €497k▼ -46.3% vs 2021
2023: €307k▼ -38.1% vs 2022
2024: €274k▼ -10.8% vs 2023lowest in 8 years
2025: €277k▲ +1.2% vs 2024
2018 → 2025
Solvency
26.5%▼ 2.6pp
2024 · 29.1%
2018: 8.3%
2019: 12.2%▲ +46.9% vs 2018
2020: -4.5%▼ -137% vs 2019lowest in 8 years
2021: 7.8%▲ +272% vs 2020
2022: 15.9%▲ +104% vs 2021
2023: 27.0%▲ +69.7% vs 2022
2024: 29.1%▲ +7.8% vs 2023highest in 8 years
2025: 26.5%▼ -9.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€79k▲ 9.6%€83k▲ 4.9%€80k▼ 3.8%€73k▼ 8.0%
2021: €72klowest in 5 years
2022: €79k▲ +9.6% vs 2021
2023: €83k▲ +4.9% vs 2022highest in 5 years
2024: €80k▼ -3.8% vs 2023
2025: €73k▼ -8.0% vs 2024
Operating result€764k-€60k▼ 92.1%€8k▼ 87.3%€1k▼ 81.1%€3k▲ 73.9%
2021: €764khighest in 5 years
2022: €60k▼ -92.1% vs 2021
2023: €8k▼ -87.3% vs 2022
2024: €1k▼ -81.1% vs 2023lowest in 5 years
2025: €3k▲ +73.9% vs 2024
Net result€693k-€57k▼ 91.8%€4k▼ 93.1%€-3k€-6k▼ 103%
2021: €693khighest in 5 years
2022: €57k▼ -91.8% vs 2021
2023: €4k▼ -93.1% vs 2022
2024: €-3k▼ -181% vs 2023
2025: €-6k▼ -103% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€41k ▼ 26.7%
Current assets
€236k ▲ 8.4%
Equity and liabilities €277k
Equity
€73k ▼ 8.0%
Debt
€204k ▲ 4.9%
Debt's share of the balance-sheet total rises from 70.9% to 73.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-8.8%▼
2024 · -4.0%
ROA
-2.3%▼
2024 · -1.2%
Debt ≤ 1 year
€179k▲
2024 · €159k
Debt > 1 year
€25k▼
2024 · €35k
Income taxes
€-165▼
2024 · €903
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€274k€277k▲
Fixed assets21/28€57k€41k▼
Tangible fixed assets22/27€57k€41k▼
Furniture and vehicles24€57k€41k▼
Current assets29/58€217k€236k▲
Amounts receivable after more than one year29€150k€150k=
Other amounts receivable291€150k€150k=
Amounts receivable within one year40/41€67k€86k▲
Trade receivables40€66k€86k▲
Other amounts receivable41€860-
Cash at bank and in hand54/58€471-
Equity and liabilities
Total equity and liabilities10/49€274k€277k▲
Equity10/15€80k€73k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€19k€19k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€1k€1k=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-700€-7k▼
Amounts payable17/49€194k€204k▲
Amounts payable after more than one year17€35k€25k▼
Financial debts170/4€35k€25k▼
Amounts payable within one year42/48€159k€179k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€65k€96k▲
Credit institutions430/8€65k€96k▲
Trade debts44€34k€34k▲
Suppliers440/4€34k€34k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€5k€7k▲
Other amounts payable47/48€44k€30k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€17k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€18k€21k▲
Operating profit (loss)9901€1k€3k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€8k€14k▲
Recurring financial charges65€8k€14k▲
Profit (loss) for the period before taxes9903€-2k€-7k▼
Income taxes67/77€903€-165▼
Profit (loss) for the period9904€-3k€-6k▼
Profit (loss) for the period to be appropriated9905€-3k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-700€-7k▼
Profit (loss) brought forward from the previous period14P€2k€-646▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €14k | €15k | €17k | ▲ 18.5% |
| Other operating charges640/8 | - | €707 | €974 | €2k | €1k | ▼ 46.1% |
| Gross operating margin9900 | €781k | €63k | €22k | €18k | €21k | ▲ 16.2% |
| Operating profit (loss)9901 | €764k | €60k | €8k | €1k | €3k | ▲ 73.9% |
| Financial income75/76B | - | €8k | €6k | €4k | €5k | ▲ 19.1% |
| Recurring financial income75 | €3k | €8k | €6k | €4k | €5k | ▲ 19.1% |
| Financial charges65/66B | - | €5k | €6k | €8k | €14k | ▲ 80.4% |
| Recurring financial charges65 | €11k | €5k | €6k | €8k | €14k | ▲ 80.4% |
| Profit (loss) for the period before taxes9903 | €756k | €63k | €7k | €-2k | €-7k | ▼ 190% |
| Income taxes67/77 | €63k | €6k | €3k | €903 | €-165 | ▼ 118% |
| Profit (loss) for the period9904 | €693k | €57k | €4k | €-3k | €-6k | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €693k | €57k | €4k | €-3k | €-6k | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €925k | €497k | €307k | €274k | €277k | ▲ 1.2% |
| Fixed assets21/28 | €7k | €6k | €57k | €57k | €41k | ▼ 26.7% |
| Tangible fixed assets22/27 | €7k | €6k | €57k | €57k | €41k | ▼ 26.7% |
| Furniture and vehicles24 | - | €6k | €57k | €57k | €41k | ▼ 26.7% |
| Current assets29/58 | €917k | €491k | €250k | €217k | €236k | ▲ 8.4% |
| Amounts receivable after more than one year29 | - | €300k | €150k | €150k | €150k | = |
| Other amounts receivable291 | - | €300k | €150k | €150k | €150k | = |
| Amounts receivable within one year40/41 | €413k | €188k | €90k | €67k | €86k | ▲ 28.1% |
| Trade receivables40 | - | €99k | €73k | €66k | €86k | ▲ 29.8% |
| Other amounts receivable41 | - | €89k | €17k | €860 | - | - |
| Cash at bank and in hand54/58 | €4k | €3k | €9k | €471 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €925k | €497k | €307k | €274k | €277k | ▲ 1.2% |
| Equity10/15 | €72k | €79k | €83k | €80k | €73k | ▼ 8.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €8k | €15k | €19k | €19k | €19k | = |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €7k | €11k | €11k | €11k | = |
| Profit (loss) carried forward14 | €2k | €2k | €2k | €-700 | €-7k | ▼ 912% |
| Amounts payable17/49 | €853k | €417k | €224k | €194k | €204k | ▲ 4.9% |
| Amounts payable after more than one year17 | - | - | €45k | €35k | €25k | ▼ 29.1% |
| Financial debts170/4 | - | - | €45k | €35k | €25k | ▼ 29.1% |
| Amounts payable within one year42/48 | €853k | €417k | €179k | €159k | €179k | ▲ 12.5% |
| Current portion of amounts payable after more than one year42 | - | - | €9k | €10k | €10k | ▲ 5.0% |
| Financial debts43 | - | €50k | €75k | €65k | €96k | ▲ 48.4% |
| Credit institutions430/8 | - | €50k | €75k | €65k | €96k | ▲ 48.4% |
| Trade debts44 | €107k | €49k | €44k | €34k | €34k | ▲ 0.1% |
| Suppliers440/4 | - | €49k | €44k | €34k | €34k | ▲ 0.1% |
| Taxes, remuneration and social security45 | - | €6k | €889 | €5k | €7k | ▲ 39.7% |
| Taxes450/3 | - | €6k | €889 | €5k | €7k | ▲ 39.7% |
| Other amounts payable47/48 | - | €312k | €50k | €44k | €30k | ▼ 31.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €693k | €57k | €4k | €-3k | €-6k | ▼ 103% |
| + Depreciation and write-downs630 | €2k | €1k | €14k | €15k | €17k | ▲ 18.5% |
| Operating cash flow (approximation) | €694k | €58k | €17k | €12k | €11k | ▼ 4.7% |
| Investment in fixed assets (approximation) | - | €0 | €-65k | €-14k | €-2k | ▲ 83.4% |
| Change in cash | - | €-2k | €7k | €-9k | - | - |
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
Next filing, fiscal year 2026, expected by
2026
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
05-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €693k
Net result €693k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €-128k
Net result drops to €-128k, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
11 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kasterlee · 1 establishment unit since 1980
Ground area
680 m²
Building footprint
130 m²
Volume, LiDAR
309 m³
Parcel 13017F0272/00K000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CORNET & KINSBERGEN SURVEYS
since 19802.017.200.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13017F0272/00K000 | Flanders | 680 m² | 1 · 130 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 272 EUR awarded · 272 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 272 EUR | 272 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 853 companies in sector 66210 we hold annual accounts for 511. 430 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-02-1980
Fiscal year end30-09
Activities, NACEBEL 2025
66210Risk and damage evaluation
Scores and ratios are computed by Checked and are not a credit decision.