Cash CSE
Cash CSE has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104k and a net result of €15k. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 6591 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €104k |
| Net result | €15k |
| Staff (FTE) | 3.4 |
| Better than sector | 65% |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 46.7% | 32.5% | |
| Net result | €15k | €32k | |
| Equity | €104k | €299k | |
| Gross operating margin | €136k | €265k | |
| Staff costs | €90k | €239k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | €615k | - | - | - |
| EBITDA | €42k | €31k | €-4k | €56k |
| Net profit | €15k | €16k | €-17k | €32k |
| Cash flow | €27k | €26k | €-7k | €45k |
| Staff costs | €90k | €109k | €78k | €80k |
| Income taxes | €8k | €1k | - | €9k |
| Dividends | - | - | - | - |
| Total assets | €223k | €169k | €151k | €192k |
| Equity | €104k | €89k | €73k | €90k |
| Debt | €119k | €80k | €78k | €101k |
| of which ≤ 1y | €81k | €80k | €78k | €95k |
| of which > 1y | €35k | - | - | €6k |
| Working capital | €67k | €50k | €32k | €45k |
| Employees (FTE) | 3.4 | 3.6 | 3.7 | 3.9 |
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.82 | 1.63 | 1.41 | 1.47 |
| Quick ratio | 0.50 | 0.42 | 0.40 | 0.70 |
| Working capital ratio | 30.0% | 29.9% | 21.1% | 23.6% |
| Solvency | 46.7% | 52.6% | 48.2% | 47.0% |
| Debt / equity | 1.14 | 0.90 | 1.07 | 1.13 |
| Long-term debt ratio | 0.33 | - | - | 0.07 |
| Interest coverage | 4.20 | 8.27 | -1.13 | 24.28 |
| Gross margin | 22.1% | - | - | - |
| Net margin | 2.5% | - | - | - |
| ROA | 6.9% | 9.4% | -11.3% | 16.6% |
| ROE | 14.7% | 17.8% | -23.5% | 35.3% |
| EBITDA margin | 6.9% | - | - | - |
| Days sales outstanding | 0d | - | - | - |
| Days payable outstanding | 19d | - | - | - |
| Inventory turnover | 4.47 | - | - | - |
| Days inventory (DSI) | 82d | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €223k | €169k | €151k | €192k |
| Fixed assets | 21/28 | €74k | €38k | €41k | €51k |
| Tangible fixed assets | 22/27 | €74k | €38k | €41k | €51k |
| Current assets | 29/58 | €148k | €130k | €110k | €140k |
| Stocks & contracts in progress | 3 | €107k | €96k | €79k | €73k |
| Amounts receivable within one year | 40/41 | €23k | €21k | €8k | €2k |
| Cash & bank | 54/58 | €17k | €10k | €23k | €60k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €223k | €169k | €151k | €192k |
| Equity | 10/15 | €104k | €89k | €73k | €90k |
| Contributions / capital | 10/11 | €25k | €25k | €25k | €25k |
| Reserves | 13 | €3k | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | €76k | €61k | €45k | €62k |
| Amounts payable | 17/49 | €119k | €80k | €78k | €101k |
| Amounts payable after one year | 17 | €35k | - | - | €6k |
| Amounts payable within one year | 42/48 | €81k | €80k | €78k | €95k |
| Trade debts payable within one year | 44 | €25k | €48k | €46k | €12k |
| Income statement | |||||
| Turnover | 70 | €615k | - | - | - |
| Gross operating margin | 9900 | €136k | €142k | €74k | €136k |
| Operating result | 9901 | €30k | €21k | €-14k | €43k |
| Financial income | 75 | €3k | - | €323 | €0 |
| Financial charges | 65 | €10k | €4k | €4k | €2k |
| Result before taxes | 9903 | €23k | €17k | €-17k | €41k |
| Income taxes | 67/77 | €8k | €1k | - | €9k |
| Net result for the period | 9904 | €15k | €16k | €-17k | €32k |
| Result to be appropriated | 9905 | €15k | €16k | €-17k | €32k |
-
PKS GROUPLegal entityDirector· perm. rep.: Souleyman PekassaState Gazette act 22109407 (14-09-2022)Current14-09-2022 → present
-
DELVIGNE Aurore Paul MarieManagerState Gazette act 22324744 (12-04-2022)Current12-04-2022 → present
-
GARNIER Christophe Jean Victor JoséManagerState Gazette act 22324744 (12-04-2022)Current12-04-2022 → present
2 events
- 12-04-2022 Resigned· Manager
- 12-04-2022 Appointed· Manager
Former directors (2)
-
Delvigne AuroreDirectorState Gazette act 22109407 (14-09-2022)Former- → 14-09-2022
-
Garnier ChristopherDirectorState Gazette act 22109407 (14-09-2022)Former- → 14-09-2022
| NACE primary | Retail sale of other second-hand goods, excluding clothing(47793) |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-2017 |
| Status | Active |
| Postal code | 1490 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25023A0064/00S003 | Wallonia | 7,396 m² | 1 · 1,025 m² | 13.3 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-09-2022 1 director appointed, 2 resigning
- Souleyman Pekassa, Bestuurder
- Delvigne Aurore, Bestuurder
- Garnier Christopher, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Delvigne Aurore",
"address": "Dr\u00E8ve des Sorbiers 1 \u00E0 Fexhe-le-haut",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte, \u00E0 l\u0027unanimit\u00E9, la d\u00E9mission en tant qu\u0027administrateur de Madame Delvigne Aurore",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Garnier Christopher",
"address": "Dr\u00E8ve des Sorbiers 1 \u00E0 Fexhe-le-haut",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte, \u00E0 l\u0027unanimit\u00E9, la d\u00E9mission en tant qu\u0027administrateur de Monsieur Garnier Christopher",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Souleyman Pekassa",
"address": "Rue du bon pasteur 55/40 \u00E0 1140 Evere",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": null,
"name": "PKS GROUP",
"address": null,
"country": null,
"legal_form": null
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte, \u00E0 l\u0027unanimit\u00E9, la nomination en tant qu\u0027administrateur de PKS GROUP repr\u00E9sent\u00E9 par Monsieur Souleyman Pekassa",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2022-09-05",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-06-24",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0673.717.656",
"name_full": "CASH CSE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}12-04-2022 2 directors appointed, 1 resigning
- GARNIER Christophe Jean Victor José, Zaakvoerder
- DELVIGNE Aurore Paul Marie, Zaakvoerder
- GARNIER Christophe Jean Victor José, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "gerant",
"person": {
"rrn": null,
"name": "GARNIER Christophe Jean Victor Jos\u00E9",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1971-01-11",
"profession": null,
"birth_place": "Verviers"
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "gerant",
"person": {
"rrn": null,
"name": "GARNIER Christophe Jean Victor Jos\u00E9",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1971-01-11",
"profession": null,
"birth_place": "Verviers"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": true,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "gerant",
"person": {
"rrn": null,
"name": "DELVIGNE Aurore Paul Marie",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1979-06-22",
"profession": null,
"birth_place": "Li\u00E8ge"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": true,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "decharge_pending",
"role": "gerant",
"person": {
"rrn": null,
"name": "GARNIER Christophe Jean Victor Jos\u00E9",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1971-01-11",
"profession": null,
"birth_place": "Verviers"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge au g\u00E9rant d\u00E9missionnaire pour l\u2019ex\u00E9cution de son mandat.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "GARNIER Christophe Jean Victor Jos\u00E9",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1971-01-11",
"profession": null,
"birth_place": "Verviers"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "board_snapshot",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "DELVIGNE Aurore Paul Marie",
"address": "4347 Fexhe-le-Haut-Clocher, Dr\u00E8ve des Sorbiers 1",
"birth_date": "1979-06-22",
"profession": null,
"birth_place": "Li\u00E8ge"
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Fabienne Houmard",
"firm_city": null,
"firm_name": null,
"office_city": "Amay",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2022-04-12",
"filing_date": "2022-04-08",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2022-04-08",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0673.717.656",
"name_full": "CASH CSE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Fabienne Houmard",
"org_rep_person_name": null,
"person_role_at_subject": "notaire instrumentant"
},
"co_filed_documents": [
"Exp\u00E9dition de l\u2019acte du avril 2022"
],
"corrected_publication_numac": null
}| Legal nameFR | Cash CSE |