C.S.D.
InactiveC.S.D. was declared bankrupt on 22-08-2023 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed by liquidation by judgment of 12-06-2025, published in the Belgian State Gazette on 18-06-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 22-06-2022, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
39 d early
2020
3 d late
2019
43 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k
2020 · €-124k
2018: €-88k
2019: €25k
2020: €-124k
2018 → 2021
Working capital
€-120k▲ 8.6%
2020 · €-131k
2018: €-113k
2019: €-55k
2020: €-131k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€117k-€139k▲ 19.3%€13k▼ 90.7%€12k▼ 4.7%
Operating result€-74k-€42k€-111k€13k
Net result€-88k-€25k€-124k€2k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2021: €13k after a loss of €111k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €660k
Fixed assets
€232k ▼ 0.7%
Current assets
€427k ▲ 53.1%
Equity and liabilities €660k
Equity
€12k ▼ 4.7%
Debt
€647k ▲ 29.4%
Debt's share of the balance-sheet total rises from 97.5% to 98.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▲
2020 · €-3k
Cash flow
€109k▲
2020 · €-15k
Current ratio
0.78▲
2020 · 0.68
Quick ratio
0.50▲
2020 · 0.45
Debt to equity
52.53▲
2020 · 6.96
ROE
16.8%▲
2020 · -955.6%
ROA
0.3%▲
2020 · -24.1%
Interest coverage
8.63
Debt ≤ 1 year
€547k▲
2020 · €410k
Debt > 1 year
€100k▲
2020 · €90k
Staff costs
€684k
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 · 2021 against 2020 · 55 lines
Balance sheet
Code20202021
Assets
Total assets20/58€513k€660k▲
Fixed assets21/28€234k€232k▼
Intangible fixed assets21€66k€110k▲
Tangible fixed assets22/27€168k€123k▼
Land and buildings22-€67k
Plant, machinery and equipment23-€55k
Furniture and vehicles24-€1k
Current assets29/58€279k€427k▲
Stocks and contracts in progress3€93k€156k▲
Stocks30/36-€156k
Amounts receivable within one year40/41€133k€198k▲
Trade receivables40-€198k
Cash at bank and in hand54/58€47k€59k▲
Deferred charges and accrued income490/1-€14k
Equity and liabilities
Total equity and liabilities10/49€513k€660k▲
Equity10/15€13k€12k▼
Contributions10/11€99k€99k=
Capital10-€99k
Issued capital100-€99k
Reserves13€10k€10k=
Non-distributable reserves130/1-€10k
Legal reserve130-€10k
Profit (loss) carried forward14€-101k€-99k▲
Investment grants15-€2k
Amounts payable17/49€500k€647k▲
Amounts payable after more than one year17€90k€100k▲
Financial debts170/4-€70k
Other amounts payable178/9-€30k
Amounts payable within one year42/48€410k€547k▲
Current portion of amounts payable after more than one year42-€44k
Financial debts43-€284k
Credit institutions430/8-€284k
Trade debts44€68k€90k▲
Suppliers440/4-€90k
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45-€84k
Taxes450/3-€12k
Remuneration and social security454/9-€72k
Other amounts payable47/48-€44k
Income statement
Code20202021
Remuneration, social security and pensions62-€684k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€108k€107k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-101
Other operating charges640/8-€187
Gross operating margin9900€644k€804k▲
Operating profit (loss)9901€-111k€13k▲
Financial income75/76B-€3k
Recurring financial income75€3k€3k▲
Financial charges65/66B-€14k
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€-124k€2k▲
Profit (loss) for the period9904€-124k€2k▲
Profit (loss) for the period to be appropriated9905€-124k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-99k
Profit (loss) brought forward from the previous period14P-€-101k
Social balance
Average headcount (FTE)9087-15.5
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-06
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise du Brabant wallon · C.S.D. SAAVENUE ZENOBE GRAMME 34, 1300 WAVRE. déclarée le 22 août 2023 · event 12-06-2025
2023
28-08
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · C.S.D. SA AVENUE ZENOBE GRAMME 34, 1300 WAVRE · event 22-08-2023
03-03
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 27-02-2023
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 3 days late
2020
31-12
Financial
Weakest financial yearnet €-124k ▼590%
Net result drops to €-124k, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
29-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
08-07
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTOINE BRAUN VIEUX CHEMIN DU POETE 11,
1301 BIERGES |
22-08-2023 → 12-06-2025 |
Recognitions · licences · registrations
Legal Entity Identifier
984500FDEWG8F6PF1H95