CDS

CDS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,544 and a net result of -€1,522. Equity is shrinking by ~32.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 23% of 8997 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).