C.S.
Open bankruptcySummary
A bankruptcy procedure is open for C.S. according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €43,823 and a net result of €1,545.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Walloon Brabant
- Declared bankrupt
- 5 June 2025
- Supervising judge
- Daniel Cuylits
- Official Gazette
- 12-06-2025 (pdf) ↗search the document for 2025/125110
Deadlines
- Appeal or third-party opposition until
- passed on 27 June 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 5 July 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 23 July 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 5 June 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Gerard LeplatChaussee De Louvain 241, 1410 Waterloogl@altalaw.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 31-05-2024, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
31 d late
2022
2 d late
2021
21 d late
2020
10 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Retail trade sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€43,823▲ 3.7%
2022 · €42,277
Total assets
€135,437▼ 20.1%
2022 · €169,432
Net result
€1,545
2022 · -€1,838
Working capital
€36,101▲ 9.8%
2022 · €32,887
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€4,275▼ 80.5%€7,163▲ 67.6%€32,654▲ 356%€12,242▼ 62.5%€4,570▼ 62.7%
Net result€375▼ 65.3%€5,986within the sector's middle half▲ 1,494%€21,285within the sector's middle half▲ 256%-€1,838within the sector's middle half€1,545within the sector's middle half
Equity€16,845▲ 2.3%€22,831within the sector's middle half▲ 35.5%€44,115within the sector's middle half▲ 93.2%€42,277within the sector's middle half▼ 4.2%€43,823within the sector's middle half▲ 3.7%
Total assets€134,568▼ 20.7%€91,627within the sector's middle half▼ 31.9%€188,616within the sector's middle half▲ 106%€169,432within the sector's middle half▼ 10.2%€135,437within the sector's middle half▼ 20.1%
Debt€117,723▼ 23.2%€68,796▼ 41.6%€144,501▲ 110%€127,155▼ 12.0%€91,615▼ 28.0%
Working capital€10,690▲ 4.7%€10,102▼ 5.5%€33,056▲ 227%€32,887▼ 0.5%€36,101▲ 9.8%
Solvency12.5%▲ 2.8pp24.9%within the sector's middle half▲ 12.4pp23.4%within the sector's middle half▼ 1.5pp25.0%within the sector's middle half▲ 1.6pp32.4%within the sector's middle half▲ 7.4pp
Staff (FTE)3.2▲ 45.5%3.4above the sector's middle half▲ 6.3%3.6▲ 5.9%2.5▼ 30.6%2.2▼ 12.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2023 is 63% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €135,437
Fixed assets
€7,721 ▼ 17.8%
Current assets
€127,716 ▼ 20.2%
Equity and liabilities €135,437
Equity
€43,823 ▲ 3.7%
Debt
€91,615 ▼ 28.0%
Debt's share of the balance-sheet total falls from 75.0% to 67.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,240▼
2022 · €13,911
Cash flow
€3,214▲
2022 · -€169
Current ratio
1.39▲
2022 · 1.26
Quick ratio
0.87▲
2022 · 0.86
Debt to equity
2.09▼
2022 · 3.01
ROE
3.5%▲
2022 · -4.3%
ROA
1.1%▲
2022 · -1.1%
Interest coverage
1.65▼
2022 · 2.91
Debt ≤ 1 year
€91,615▼
2022 · €127,155
Staff costs
€11,343▼
2022 · €52,929
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3,798 | - |
| Remuneration, social security and pensions62 | - | - | €73,450 | €52,929 | €11,343 | ▼ 78.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103 | €1,772 | €1,669 | €1,669 | €1,669 | = |
| Other operating charges640/8 | - | - | €1,423 | €10,051 | €3,288 | ▼ 67.3% |
| Non-recurring operating charges66A | - | - | - | - | €1,737 | - |
| Gross operating margin9900 | €64,252 | €64,310 | €109,197 | €76,890 | €22,607 | ▼ 70.6% |
| Operating profit (loss)9901 | €4,275 | €7,163 | €32,654 | €12,242 | €4,570 | ▼ 62.7% |
| Financial income75/76B | - | - | €411 | €137 | €753 | ▲ 449% |
| Recurring financial income75 | €203 | €5,009 | €386 | €137 | €282 | ▲ 106% |
| Non-recurring financial income76B | - | - | €25 | - | €471 | - |
| Financial charges65/66B | - | - | €11,780 | €4,774 | €3,778 | ▼ 20.9% |
| Recurring financial charges65 | €7,478 | €5,451 | €11,780 | €4,774 | €3,778 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €1,068 | €6,722 | €21,285 | €7,605 | €1,545 | ▼ 79.7% |
| Income taxes67/77 | €692 | €736 | - | €9,443 | - | - |
| Profit (loss) for the period9904 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | ▲ 184% |
| Profit (loss) for the period to be appropriated9905 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | ▲ 184% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €134,568 | €91,627 | €188,616 | €169,432 | €135,437 | ▼ 20.1% |
| Fixed assets21/28 | €6,155 | €12,728 | €11,059 | €9,390 | €7,721 | ▼ 17.8% |
| Tangible fixed assets22/27 | €103 | €6,676 | €5,007 | €3,338 | €1,669 | ▼ 50.0% |
| Other tangible fixed assets26 | - | - | €5,007 | €3,338 | €1,669 | ▼ 50.0% |
| Financial fixed assets28 | €6,052 | €6,052 | €6,052 | €6,052 | €6,052 | = |
| Current assets29/58 | €128,413 | €78,899 | €177,557 | €160,042 | €127,716 | ▼ 20.2% |
| Stocks and contracts in progress3 | €52,637 | €52,541 | €52,757 | €50,507 | €47,849 | ▼ 5.3% |
| Stocks30/36 | - | - | €52,757 | €50,507 | €47,849 | ▼ 5.3% |
| Amounts receivable within one year40/41 | €69,023 | €11,050 | €110,168 | €74,625 | €56,152 | ▼ 24.8% |
| Trade receivables40 | - | - | €99,055 | €48,785 | €50,702 | ▲ 3.9% |
| Other amounts receivable41 | - | - | €11,113 | €25,840 | €5,450 | ▼ 78.9% |
| Cash at bank and in hand54/58 | €6,549 | €14,933 | €14,632 | €34,811 | €22,984 | ▼ 34.0% |
| Deferred charges and accrued income490/1 | - | - | - | €98 | €732 | ▲ 644% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €134,568 | €91,627 | €188,616 | €169,432 | €135,437 | ▼ 20.1% |
| Equity10/15 | €16,845 | €22,831 | €44,115 | €42,277 | €43,823 | ▲ 3.7% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€3,615 | €2,371 | €23,655 | €21,817 | €23,363 | ▲ 7.1% |
| Amounts payable17/49 | €117,723 | €68,796 | €144,501 | €127,155 | €91,615 | ▼ 28.0% |
| Amounts payable within one year42/48 | €117,723 | €68,796 | €144,501 | €127,155 | €91,615 | ▼ 28.0% |
| Trade debts44 | €87,295 | €46,593 | €102,621 | €92,396 | €86,575 | ▼ 6.3% |
| Suppliers440/4 | - | - | €102,621 | €92,396 | €86,575 | ▼ 6.3% |
| Advances received on contracts in progress46 | - | - | €9,034 | €9,034 | - | - |
| Taxes, remuneration and social security45 | - | - | €19,034 | €25,725 | €5,039 | ▼ 80.4% |
| Taxes450/3 | - | - | €2,130 | €11,708 | €4,735 | ▼ 59.6% |
| Remuneration and social security454/9 | - | - | €16,904 | €14,017 | €304 | ▼ 97.8% |
| Other amounts payable47/48 | - | - | €13,813 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €375 | €5,986 | €21,285 | -€1,838 | €1,545 | ▲ 184% |
| + Depreciation and write-downs630 | €103 | €1,772 | €1,669 | €1,669 | €1,669 | = |
| Operating cash flow (approximation) | €479 | €7,758 | €22,954 | -€169 | €3,214 | ▲ 2,003% |
| Investment in fixed assets (approximation) | - | -€8,345 | €0 | €0 | €0 | - |
| Change in cash | - | €8,383 | -€300 | €20,179 | -€11,828 | ▼ 159% |
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
2025
12-06
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 05-06-2025
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
Financial
Back to profitnet €1,545
Net result €1,545 after one loss-making year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Weakest financial yearnet -€1,838
Net result drops to -€1,838, the lowest in the series.
21-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 21 days late
2021
30-09
Financial
Highest result since 2018net €21,285 ▲256%
Operating result €32,654, net result €21,285, both a record.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 11 days late
Show earlier events
2016
05-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
31-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2007
06-03
Bankruptcy
Opening
Tribunal de commerce de Nivelles · event 26-02-2007
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2002
Ground area
1,129 m²
Building footprint
403 m²
Volume, LiDAR
930 m³
2 parcels, Wallonia · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Louvain 497, 1300 Wavre
since 20022.115.203.279
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772F0126/00R004 | Wallonia | 881 m² | 1 · 308 m² | - |
| 25091D0823/00_000 | Wallonia | 248 m² | 1 · 95 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | GERARD LEPLAT CHAUSSEE DE LOUVAIN 241,
1410 WATERLOO |
05-06-2025 → present |
| Curator | Me Cools-Doumont Annette, avocat à 1490 Court-Saint-Etienne, rue des Fusillés 45 |
26-02-2007 → present |
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Of 531 companies in sector 47530 we hold annual accounts for 323. 236 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-1999
Fiscal year end30-09
Activities, NACEBEL 2025
47530Retail trade
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.