Active BE 0873.054.141Private limited company

C-SIDE

Fabriekstraat 38 ·2547 Lint, Belgium· 21 yrs active

Sector: Promotion and organisation of arts and performing arts events (90391)

Conclusion Checked

C-SIDE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €40k. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€154k
Net result	€40k
Better than sector	41%
Active	21 yrs

Financial profile 5 of 5 axes measured · computed by Checked

79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 66

Profitability 100

Solvency 52

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2005, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

66 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€10k

estimate, not credit advice

Score history

56 2021

69 2022

56 2023

69 2024

66 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.68 (< 1.0) -10

Leverage Debt/equity 1.62 (< 2.0) +3

Profitability ROE 26% (≥ 10%) +10

Interest coverage Interest coverage 8.5× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview20 NBB filings

Annual accounts filed on 27-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.8%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 90, Arts creation and performing arts activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	38.1%	50.2%	better than 41% of 1909 sector peers
Net result	€40k	€6k	better than 85% of 1906 sector peers
Equity	€154k	€44k	better than 80% of 1910 sector peers
Gross operating margin	€95k	€25k	better than 82% of 1905 sector peers
Total assets	€405k	€107k	better than 85% of 1910 sector peers

EBITDA

€91k

+0.2% 21-25

Net profit

€40k

+6.0% 21-25

Cash flow

€64k

+5.8% 21-25

Total assets

€405k

-9.8% 21-25

Equity

€154k

-8.9% 21-25

Working capital

€-14k

-3792.0% 21-25

Income taxes

€17k

-5.9% 21-25

Dividends

€55k

+431.3% 21-25

Debt

€250k

-10.4% 21-25

Debt ≤ 1y

€42k

+3.6% 21-25

Debt > 1y

€208k

-12.8% 21-25

Current ratio

0.68

-31.7% 21-25

Quick ratio

0.68

-31.7% 21-25

Solvency

38.1%

+1.0% 21-25

Debt / equity

1.62

-1.6% 21-25

ROE

25.7%

+16.4% 21-25

ROA

9.8%

+17.5% 21-25

Interest coverage

8.52

+21.3% 21-25

Figures by fiscal year and ratios

Change versus the prior fiscal year, coloured by direction (green = favourable).

Fiscal year	2025 Δ	2024 Δ	2023 Δ	2022 Δ	2021 Δ
Deposit	micro schema	micro schema	micro schema	micro schema	micro schema
Revenue	-	-	-	-	-
EBITDA	+0.2%	+46.6%	-13.6%	+106.6%	-
Net profit	+6.0%	+62.3%	-43.3%	+198.9%	-
Cash flow	+5.8%	+55.3%	-26.1%	+107.4%	-
Staff costs	-	-	-	-	-
Income taxes	-5.9%	+4.4%	+1.5%	+162.8%	-
Dividends	-	-	-	-65.7%	-
Total assets	-9.8%	+18.4%	+72.9%	+2.6%	-
Equity	-8.9%	+28.3%	+21.1%	+38.4%	-
Debt	-10.4%	+13.1%	+124.1%	-18.3%	-
of which ≤ 1y	+3.6%	+14.4%	+13.1%	-7.6%	-
of which > 1y	-12.8%	+12.9%	+168.8%	-22.0%	-
Working capital	-3792.0%	+98.3%	-206.3%	+59.3%	-
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	0.68	0.99	0.41	0.78	0.50
Quick ratio	0.68	0.99	0.41	0.78	0.50
Working capital ratio	-3.4%	-0.1%	-5.6%	-3.2%	-7.9%
Solvency	38.1%	37.7%	34.8%	49.7%	36.8%
Debt / equity	1.62	1.65	1.87	1.01	1.71
Long-term debt ratio	1.35	1.41	1.60	0.72	1.28
Interest coverage	8.52	7.03	10.12	25.33	11.22
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	9.8%	8.3%	6.1%	18.5%	6.4%
ROE	25.7%	22.0%	17.4%	37.2%	17.2%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €376k · 92.9% Current assets €29k · 7.1%

Equity & liabilities

Equity €154k · 38.1% Debt €250k · 61.9%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€405k	€449k	€379k	€219k	€214k
Fixed assets	21/28	€376k	€408k	€364k	€194k	€196k
Tangible fixed assets	22/27	€376k	€408k	€364k	€192k	€192k
Financial fixed assets	28	€128	€128	€127	€3k	€5k
Current assets	29/58	€29k	€41k	€15k	€25k	€17k
Amounts receivable within one year	40/41	€28k	€36k	€8k	€14k	€2k
Investments	50/53	-	-	€3k	€3k	€3k
Cash & bank	54/58	€486	€2k	€2k	€2k	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€405k	€449k	€379k	€219k	€214k
Equity	10/15	€154k	€169k	€132k	€109k	€79k
Contributions / capital	10/11	€12k	€12k	€12k	€12k	€12k
Reserves	13	€142k	€157k	€120k	€97k	€89k
Accumulated profits (losses)	14	-	-	-	-	€-23k
Amounts payable	17/49	€250k	€279k	€247k	€110k	€135k
Amounts payable after one year	17	€208k	€238k	€211k	€79k	€101k
Amounts payable within one year	42/48	€42k	€41k	€36k	€32k	€34k
Income statement
Gross operating margin	9900	€95k	€97k	€64k	€73k	€36k
Operating result	9901	€67k	€68k	€47k	€60k	€23k
Financial income	75	€10	-	-	€273	€4
Financial charges	65	€11k	€13k	€6k	€3k	€3k
Result before taxes	9903	€57k	€55k	€40k	€58k	€20k
Income taxes	67/77	€17k	€18k	€17k	€17k	€7k
Net result for the period	9904	€40k	€37k	€23k	€41k	€14k
Result to be appropriated	9905	€40k	€37k	€23k	€41k	€14k

Directors & mandates 1 directors

Current directors & mandates

Filip VAN VLEM
Director
State Gazette act 23478288 (28-12-2023)

Current
28-12-2023 → present

Legal Structure

NACE primary	Promotion and organisation of arts and performing arts events(90391)
Legal form	Private limited company(610)
Incorporation	04-04-2005
Status	Active
Postal code	2547

Establishment units 1 location

C-side

Fabriekstraat 38, 2547 LintNACE 51190

since 20052.146.471.428

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11025C0623/00W005	Flanders	4.0 ha	1 · 2.7 ha	23.9 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Equity above €150kEq €169k ▲28.3%

4 profitable years in a row build equity to €169k.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

28-12

State Gazette act Director changes

Paul Rommens

25-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Highest result since 2021net €41k ▲199%

Net result €41k, the highest in the series.

31-12

Financial Equity above €100kEq €109k ▲38.4%

2 profitable years in a row build equity to €109k.

27-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

29-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

06-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 67 days late

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 30 days late

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2023

28-12-2023 Filip VAN VLEM appointed as director Director changes·Paul Rommens

Filip VAN VLEM, Bestuurder

Notary: Paul Rommens · Hoogstraten

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Arts creation and performing arts activities90021Promotion and organisation of arts and performing arts events90391

Names & trade names

Legal nameNL

C-SIDE

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