C Solutions
Open bankruptcyA bankruptcy procedure is open for C Solutions according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €26k and a net result of €-8k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2020, abbreviated schema
Turnover
€131k▲ 4.6%
2018 · €126k
2018: €126k
2018 → 2019
EBIT margin
15.3%▲ 13.5pp
2018 · 1.8%
2018: 1.8%
2018 → 2019
Net result
€-8k
2019 · €9k
2018: €3k
2019: €9k
2018 → 2020
Working capital
€20k▼ 40.1%
2019 · €33k
2018: €24k
2019: €33k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€126k-€131k▲ 4.6%
Equity€25k-€34k▲ 35.6%€26k▼ 22.5%
Operating result€2k-€20k▲ 783%€-5k
Net result€3k-€9k▲ 237%€-8k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €5k after €20k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €97k
Fixed assets
€6k▲ 747%
Current assets
€91k▲ 13.6%
Equity and liabilities €97k
Equity
€26k▼ 22.5%
Debt
€71k▲ 50.7%
The debt ratio rises from 58.5% to 73.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k
Cash flow
€-6k
Solvency
26.7%▼
2019 · 41.5%
Current ratio
1.28▼
2019 · 1.69
Quick ratio
1.28▼
2019 · 1.69
ROE
-29.1%▼
2019 · 26.2%
ROA
-7.8%▼
2019 · 10.9%
Debt
€71k▲
2019 · €47k
Debt ≤ 1 year
€71k▲
2019 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€81k€97k▲
Fixed assets21/28€750€6k▲
Tangible fixed assets22/27-€6k
Financial fixed assets28€750€750=
Current assets29/58€80k€91k▲
Amounts receivable within one year40/41€77k€89k▲
Cash at bank and in hand54/58€3k€97▼
Equity and liabilities
Total equity and liabilities10/49€81k€97k▲
Equity10/15€34k€26k▼
Contributions10/11€19k€19k=
Reserves13€473€473=
Profit (loss) carried forward14€14k€7k▼
Amounts payable17/49€47k€71k▲
Amounts payable within one year42/48€47k€71k▲
Trade debts44€30k€55k▲
Income statement
Code20192020
Turnover70€131k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€1k
Gross operating margin9900€20k€-2k▼
Operating profit (loss)9901€20k€-5k▼
Recurring financial income75€169-
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€18k€-8k▼
Income taxes67/77€10k-
Profit (loss) for the period9904€9k€-8k▼
Profit (loss) for the period to be appropriated9905€9k€-8k▼
Timeline · acts, filings and financial milestones
2022
27-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · C SOLUTIONS BV KOERSELSE- BAAN 47 BUS 32, 3550 HEUSDEN-ZOLDER · event 20-07-2022
2021
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 124 days late
2020
31-12
Financial
Weakest financial yearnet €-8k ▼186%
Net result drops to €-8k, the lowest in the series.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €9k ▲237%
Operating result €20k, net result €9k, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 47 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 86 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Heusden-Zolder · 1 establishment unit since 2016
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.
Koerselsebaan 473550 Heusden-ZolderGround area
6,547 m²
Building footprint
1,635 m²
Volume, LiDAR
15,491 m³
2 parcels, Flanders · tallest building 20.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
C SOLUTIONS
since 20162.256.054.704
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 fl. |
| 71025A1249/00Z000 | Flanders | 1,135 m² | 1 · 156 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 | MICHAEL WARSON KUNSTLAAN 18, BUS 6,
3500 HASSELT |
20-07-2022 → present |
| Curator | TOM RENCKENS KUNST-
LAAN 18/6, 3500 HASSELT |
20-07-2022 → present |
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 7,741 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-09-2016
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.