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Generated 15-07-2026
Active BE 0831.191.317Public limited company

CBS Development

Industrieweg 74 ·8800 Roeselare, Belgium· 15 yrs active
Sector: Real estate activities (68310)
Conclusion Checked

The computed 12-month bankruptcy probability of CBS Development is 0.3% (very low). The 2024 annual accounts show negative equity (€-850k) and a net result of €-141k. Equity is shrinking by ~26.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 763 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €-850k
Net result €-141k
Better than sector 9%
Active 15 yrs
Snowflake analysis 5 axes · computed by Checked
Health55Profitability83Solvency67Growth22Stability100
65 / 100

Strong profile, led by stability.

Health 55
Profitability 83
Solvency 67
Growth 22
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.3% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Annual accounts: weaker financial profile +Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2010, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
55 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 28-05-2025 with the NBB · fiscal year 2024 · volledig
€-1.00M€-500k€0€500kRevenue 2020: €30k€30kOperating result 2020: €-178k€-178kNet result 2020: €-756k€-756kRevenue 2021: €774€774Operating result 2021: €-16k€-16kNet result 2021: €-184k€-184kRevenue 2022: €2k€2kOperating result 2022: €74k€74kNet result 2022: €-223k€-223kRevenue 2023: €216k€216kOperating result 2023: €380k€380kNet result 2023: €378k€378kRevenue 2024: €0€0Operating result 2024: €-163k€-163kNet result 2024: €-141k€-141k20202021202220232024
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~26.5%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-3.00M€-2.00M€-1.00M€02025: €-1.47M (€-1.80M - €-1.14M)2026: €-1.66M (€-2.18M - €-1.13M)2027: €-1.84M (€-2.56M - €-1.13M)2018: €278k2019: €-342k2020: €-679k2021: €-864k2022: €-1.09M2023: €-708k2024: €-850k2018201920202021202220232024202520262027
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 2024 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -18.6% 16.2%
better than 9% of 763 sector peers
Net result €-141k €-2k
better than 16% of 761 sector peers
Equity €-850k €128k
better than 5% of 763 sector peers
Total assets €4.58M €1.71M
better than 71% of 763 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€0
-100.0% 18-24
EBITDA
€208k
-72.3% far above sector median
Net profit
€-141k
- far below sector median
Cash flow
€229k
-69.4% far above sector median
Total assets
€4.58M
-4.5% far above sector median
Equity
€-850k
-19.9% far below sector median
Working capital
€921k
+32.8% far above sector median
Income taxes
€0
-100.0% -100% vs sector
Debt
€5.43M
-1.4% far above sector median
Debt ≤ 1y
€34k
-68.4% -78% vs sector
Debt > 1y
€5.09M
0.0% far above sector median
Current ratio
27.88
+276.7% far above sector median
Quick ratio
27.88
+276.7% far above sector median
Solvency
-18.6%
-25.6% far below sector median
Debt / equity
-6.39
+17.8% far below sector median
ROE
16.6%
- far above sector median
ROA
-3.1%
- far below sector median
Net margin
175.1%
- 18-24
EBITDA margin
347.2%
-98.9% 18-24
Interest coverage
6974.19
+11463.8% far above sector median
Figures by fiscal year
Fiscal year2024
Revenue€0
EBITDA€208k
Net profit€-141k
Cash flow€229k
Staff costs-
Income taxes-
Dividends-
Total assets€4.58M
Equity€-850k
Debt€5.43M
of which ≤ 1y€34k
of which > 1y€5.09M
Working capital€921k
Employees (FTE)-
Ratios (computed)
2024
Current ratio27.88
Quick ratio27.88
Working capital ratio20.1%
Solvency-18.6%
Debt / equity-6.39
Long-term debt ratio-5.99
Interest coverage6974.19
Gross margin-
Net margin-
ROA-3.1%
ROE16.6%
EBITDA margin-
Days sales outstanding-
Days payable outstanding146d
Inventory turnover-
Days inventory (DSI)0d
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€4.58M
Fixed assets 21/28€3.62M
Tangible fixed assets 22/27€3.62M
Current assets 29/58€956k
Stocks & contracts in progress 3€0
Amounts receivable within one year 40/41€115k
Investments 50/53€800k
Cash & bank 54/58€28k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.58M
Equity 10/15€-850k
Contributions / capital 10/11€70k
Reserves 13€7k
Accumulated profits (losses) 14€-927k
Amounts payable 17/49€5.43M
Amounts payable after one year 17€5.09M
Amounts payable within one year 42/48€34k
Trade debts payable within one year 44€34k
Income statement
Turnover 70€0
Operating result 9901€-163k
Financial income 75€22k
Financial charges 65€435
Result before taxes 9903€-141k
Net result for the period 9904€-141k
Result to be appropriated 9905€-141k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68310)
Legal form Public limited company(014)
Incorporation18-11-2010
StatusActive
Postal code8800
Establishment units 1 location
Industrieweg 74, 8800 Roeselare
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
since 20102.262.473.035
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
36505A0130/00C000 Flanders 2.4 ha 1 · 433 m² 9.4 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
28-05-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
13-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
30-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
2022
23-08-2022
State Gazette act Director changes
02-06-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
30-03-2022
State Gazette act Director changes
2021
21-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
25-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
11-06-2019
NBB filing Annual accounts filed
fiscal year 2018 · volledig
2018
10-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
13-07-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
08-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 3 years ago
2022
23-08-2022 1 director appointed, 3 reappointed Director changes
  • Michel Van Geyte, Gedelegeerd bestuurder
  • Dirk Coussée, Bestuurder
  • Bernard Camerlynck, Bestuurder
  • Willy Deceuninck, Bestuurder
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30-03-2022 6 directors appointed, 3 resigning Director changes
  • Michel Van Geyte, Bestuurder
  • Peter De Durpel, Bestuurder
  • Tim Rens, Bestuurder
  • Peter Taffijn, Vaste vertegenwoordiger
  • Beatrijs Van Ginderachter, Vaste vertegenwoordiger
  • Paul Van Lierde, Vaste vertegenwoordiger
  • Kris Verhellen, Bestuurder
  • Ward Van Gorp, Bestuurder
Technical details 
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Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Bemiddeling in verband met exploitatie van en handel in onroerend goed68310Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis68311Algemene bouw van residentiële gebouwen41001Ontwikkeling van residentiële bouwprojecten41101Algemene bouw van residentiële gebouwen41201Ontwikkeling van residentiële bouwprojecten68121
Primary activity highlighted.
Names & trade names
Legal nameNL CBS Development
Registered office
Industrieweg 74
8800 Roeselare, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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OLIVIER INVEST BE 0416.709.723 · Roeselare
SAVANNA INDUSTRIES BE 0422.357.695 · Roeselare
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative