C-SEE
ActiveSummary
C-SEE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €112k and a net result of €58k. Its solvency ranks better than 81% of 647 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100▲+12
Growth78
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 4.21 against 2.72 in 2024; short-term debt: 23.7% and cash: 89.6% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 32
Relative position
BE, all sectors
reference
Other manufacturing (NACE 32)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.3%
Return on assets
39.5%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-05-2026, 27 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 · 2 filingsDeviation from the deadline
2025
27 d late
2024
30 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
Equity
€112k▲ 104%
2024 · €55k
2024: €55k
2025: €112k▲ +104% vs 2024
2024 → 2025
Total assets
€147k▲ 68.6%
2024 · €87k
2024: €87k
2025: €147k▲ +68.6% vs 2024
2024 → 2025
Net result
€58k▲ 10.1%
2024 · €53k
2024: €53k
2025: €58k▲ +10.1% vs 2024
2024 → 2025
Working capital
€112k▲ 103%
2024 · €55k
2024: €55k
2025: €112k▲ +103% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€55k-€112k▲ 104%
2024: €55k
2025: €112k▲ +104% vs 2024
Operating result€67k-€74k▲ 11.6%
2024: €67k
2025: €74k▲ +11.6% vs 2024
Net result€53k-€58k▲ 10.1%
2024: €53k
2025: €58k▲ +10.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 12% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €147k
Equity
€112k ▲ 104%
Debt
€35k ▲ 7.9%
Debt's share of the balance-sheet total falls from 37.1% to 23.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
4.21▲
2024 · 2.72
Debt to equity
0.31▼
2024 · 0.59
ROE
51.8%▼
2024 · 96.1%
ROA
39.5%▼
2024 · 60.5%
Debt ≤ 1 year
€35k▲
2024 · €32k
Income taxes
€16k▲
2024 · €14k
Staff costs
€3k▼
2024 · €6k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€87k€147k▲
Current assets29/58€87k€147k▲
Amounts receivable within one year40/41€11k€15k▲
Trade receivables40€11k€15k▲
Other amounts receivable41€13€51▲
Cash at bank and in hand54/58€77k€132k▲
Deferred charges and accrued income490/1-€106
Equity and liabilities
Total equity and liabilities10/49€87k€147k▲
Equity10/15€55k€112k▲
Contributions10/11€3k€3k=
Reserves13€52k€109k▲
Distributable reserves133€52k€109k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€32k€35k▲
Amounts payable within one year42/48€32k€35k▲
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€20k€26k▲
Taxes450/3€20k€26k▲
Other amounts payable47/48€4k€5k▲
Accrued charges and deferred income492/3€276€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€6k€3k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€74k€79k▲
Operating profit (loss)9901€67k€74k▲
Financial income75/76B€1€21▲
Recurring financial income75€1€21▲
Financial charges65/66B€169€485▲
Recurring financial charges65€169€485▲
Profit (loss) for the period before taxes9903€66k€74k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€53k€58k▲
Profit (loss) for the period to be appropriated9905€53k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€53k€58k▲
Transfer to equity691/2€52k€57k▲
To other reserves6921€52k€57k▲
Profit to be distributed694/7€859€833▼
Return on contributions (dividend)694€859€833▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €3k | ▼ 51.3% |
| Other operating charges640/8 | €1k | €1k | ▲ 23.9% |
| Gross operating margin9900 | €74k | €79k | ▲ 6.5% |
| Operating profit (loss)9901 | €67k | €74k | ▲ 11.6% |
| Financial income75/76B | €1 | €21 | ▲ 3,984% |
| Recurring financial income75 | €1 | €21 | ▲ 3,984% |
| Financial charges65/66B | €169 | €485 | ▲ 188% |
| Recurring financial charges65 | €169 | €485 | ▲ 188% |
| Profit (loss) for the period before taxes9903 | €66k | €74k | ▲ 11.1% |
| Income taxes67/77 | €14k | €16k | ▲ 15.1% |
| Profit (loss) for the period9904 | €53k | €58k | ▲ 10.1% |
| Profit (loss) for the period to be appropriated9905 | €53k | €58k | ▲ 10.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €87k | €147k | ▲ 68.6% |
| Current assets29/58 | €87k | €147k | ▲ 68.6% |
| Amounts receivable within one year40/41 | €11k | €15k | ▲ 42.7% |
| Trade receivables40 | €11k | €15k | ▲ 42.3% |
| Other amounts receivable41 | €13 | €51 | ▲ 300% |
| Cash at bank and in hand54/58 | €77k | €132k | ▲ 72.1% |
| Deferred charges and accrued income490/1 | - | €106 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €87k | €147k | ▲ 68.6% |
| Equity10/15 | €55k | €112k | ▲ 104% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €52k | €109k | ▲ 110% |
| Distributable reserves133 | €52k | €109k | ▲ 110% |
| Profit (loss) carried forward14 | €0 | €0 | - |
| Amounts payable17/49 | €32k | €35k | ▲ 7.9% |
| Amounts payable within one year42/48 | €32k | €35k | ▲ 8.9% |
| Trade debts44 | €6k | €1k | ▼ 79.3% |
| Suppliers440/4 | €6k | €1k | ▼ 79.3% |
| Advances received on contracts in progress46 | €3k | €3k | = |
| Taxes, remuneration and social security45 | €20k | €26k | ▲ 32.7% |
| Taxes450/3 | €20k | €26k | ▲ 32.7% |
| Other amounts payable47/48 | €4k | €5k | ▲ 25.6% |
| Accrued charges and deferred income492/3 | €276 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €58k | ▲ 10.1% |
| Operating cash flow (approximation) | €53k | €58k | ▲ 10.1% |
| Change in cash | - | €55k | - |
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
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
30-09
Financial
Equity above €100kEq €112k ▲104%
2 profitable years in a row build equity to €112k.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Veurne · 1 establishment unit since 2023
Ground area
1,105 m²
Building footprint
649 m²
Volume, LiDAR
7,128 m³
2 parcels, Flanders · tallest building 22.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Pearle
since 20232.349.341.780
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402D0385/00C000 | Flanders | 699 m² | 1 · 543 m² | 22.1 m · 5 fl. |
| 38026B1009/00C000 | Flanders | 406 m² | 1 · 106 m² | 8.9 m · 1 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.
Similar companies · same sector, comparable size
PN-O
BE 0843.308.102
Balen · Eq €112,218
GLAUKOS BELGIUM
BE 0683.975.605
Sint-Gillis (bij-Brussel) · Eq €112,455
ELEMENTAL
BE 0718.890.754
Gent · Eq €111,562
ARTIDENT
BE 0429.442.160
Herentals · Eq €111,009
ALL DENTAL WORKS VERTHE
BE 0471.445.833
Deinze · Eq €113,294
Of 1,249 companies in sector 32500 we hold annual accounts for 695. 546 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
Founded23-08-2023
Fiscal year end30-09
Activities, NACEBEL 2025
32500Manufacture of medical and dental instruments and supplies
47742Retail sale of prescription glasses, lenses and sunglasses
Scores and ratios are computed by Checked and are not a credit decision.