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CDSE

Active
Private limited companyfounded 20233 yrs activeAlbert Dickschenstraat 40, 2610 Antwerpen, BelgiumKBO/BCE: BE 0797.439.473
Summary

The computed 12-month bankruptcy probability of CDSE is 3.9% (moderate). The 2024 annual accounts show equity of €14,621 and a net result of €7,988. Its solvency ranks better than 47% of 6719 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability92▲+10
Solvency59▲+14
Growth78
Track record94
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.77 in 2023; short-term debt: 65.7% and cash: 76.7% of total assets), and 65.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
34.3%
Return on assets
18.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not confirmed
2024
38 d early
2023
28 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CDSE was incorporated on 20 January 2023 as a Private limited company.1 The registered office was moved to Wilrijk in 2026.2 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 23-07-2026
  3. 3National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€14,621▲ 120%
2023 · €6,634
Total assets
€42,591▲ 27.1%
2023 · €33,500
Net result
€7,988▲ 120%
2023 · €3,634
Working capital
€4,685
2023 · -€6,113
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€4,643-€10,088▲ 117%
Net result€3,634within the sector's middle half-€7,988within the sector's middle half▲ 120%
Equity€6,634below the sector's middle half-€14,621within the sector's middle half▲ 120%
Total assets€33,500below the sector's middle half-€42,591below the sector's middle half▲ 27.1%
Debt€26,866-€27,970▲ 4.1%
Working capital-€6,113-€4,685
Solvency19.8%within the sector's middle half-34.3%within the sector's middle half▲ 14.5pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€5,000€10,000Operating result 2023: €4,643€4,643Net result 2023: €3,634€3,634Operating result 2024: €10,088€10,088Net result 2024: €7,988€7,98820232024€0€5,000€10,000Operating result 2023: €4,643€4,640Net result 2023: €3,634€3,630Operating result 2024: €10,088€10,100Net result 2024: €7,988€7,99020232024
The operating result rises in 2024; 2024 is 117% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €42,591
Fixed assets €9,937 ▼ 22.0%
Current assets €32,655 ▲ 57.3%
Equity and liabilities €42,591
Equity €14,621 ▲ 120%
Debt €27,970 ▲ 4.1%
Debt's share of the balance-sheet total falls from 80.2% to 65.7%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€12,898▲
2023 · €5,946
Cash flow
€10,797▲
2023 · €4,937
Current ratio
1.17▲
2023 · 0.77
Debt to equity
1.91▼
2023 · 4.05
ROE
54.6%▼
2023 · 54.8%
ROA
18.8%▲
2023 · 10.8%
Interest coverage
217.91▲
2023 · 70.03
Debt ≤ 1 year
€27,970▲
2023 · €26,866
Income taxes
€2,042▲
2023 · €924
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet Code20232024
Assets
Total assets20/58€33,500€42,591▲
Fixed assets21/28€12,746€9,937▼
Tangible fixed assets22/27€12,746€9,937▼
Furniture and vehicles24€12,746€9,937▼
Current assets29/58€20,754€32,655▲
Amounts receivable within one year40/41€3,226-
Trade receivables40€3,226-
Cash at bank and in hand54/58€17,528€32,655▲
Equity and liabilities
Total equity and liabilities10/49€33,500€42,591▲
Equity10/15€6,634€14,621▲
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€3,634€11,621▲
Amounts payable17/49€26,866€27,970▲
Amounts payable within one year42/48€26,866€27,970▲
Trade debts44-€266
Suppliers440/4-€266
Taxes, remuneration and social security45€7,497€13,481▲
Taxes450/3€2,097€3,681▲
Remuneration and social security454/9€5,400€9,800▲
Other amounts payable47/48€19,369€14,222▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,303€2,810▲
Other operating charges640/8€63€181▲
Gross operating margin9900€6,009€13,079▲
Operating profit (loss)9901€4,643€10,088▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€85€59▼
Recurring financial charges65€85€59▼
Profit (loss) for the period before taxes9903€4,558€10,030▲
Income taxes67/77€924€2,042▲
Profit (loss) for the period9904€3,634€7,988▲
Profit (loss) for the period to be appropriated9905€3,634€7,988▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,634€11,621▲
Profit (loss) brought forward from the previous period14P-€3,634

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,303€2,810▲ 116%
Other operating charges640/8€63€181▲ 187%
Gross operating margin9900€6,009€13,079▲ 118%
Operating profit (loss)9901€4,643€10,088▲ 117%
Financial income75/76B-€0-
Recurring financial income75-€0-
Financial charges65/66B€85€59▼ 30.3%
Recurring financial charges65€85€59▼ 30.3%
Profit (loss) for the period before taxes9903€4,558€10,030▲ 120%
Income taxes67/77€924€2,042▲ 121%
Profit (loss) for the period9904€3,634€7,988▲ 120%
Profit (loss) for the period to be appropriated9905€3,634€7,988▲ 120%
Line20232024Change
Assets
Total assets20/58€33,500€42,591▲ 27.1%
Fixed assets21/28€12,746€9,937▼ 22.0%
Tangible fixed assets22/27€12,746€9,937▼ 22.0%
Furniture and vehicles24€12,746€9,937▼ 22.0%
Current assets29/58€20,754€32,655▲ 57.3%
Amounts receivable within one year40/41€3,226--
Trade receivables40€3,226--
Cash at bank and in hand54/58€17,528€32,655▲ 86.3%
Equity and liabilities
Total equity and liabilities10/49€33,500€42,591▲ 27.1%
Equity10/15€6,634€14,621▲ 120%
Contributions10/11€3,000€3,000=
Profit (loss) carried forward14€3,634€11,621▲ 220%
Amounts payable17/49€26,866€27,970▲ 4.1%
Amounts payable within one year42/48€26,866€27,970▲ 4.1%
Trade debts44-€266-
Suppliers440/4-€266-
Taxes, remuneration and social security45€7,497€13,481▲ 79.8%
Taxes450/3€2,097€3,681▲ 75.5%
Remuneration and social security454/9€5,400€9,800▲ 81.5%
Other amounts payable47/48€19,369€14,222▼ 26.6%
Line20232024Change
Profit (loss) for the period9904€3,634€7,988▲ 120%
+ Depreciation and write-downs630€1,303€2,810▲ 116%
Operating cash flow (approximation)€4,937€10,797▲ 119%
Investment in fixed assets (approximation)-€0-
Change in cash-€15,127-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-07
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 29-06-2026
  • Registered-office move, Albert Dickshenstraat 40, 2610 Wilrijk
2025
23-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
State Gazette actNBB filing
1 of 2 acts read
About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
679 m²
Building footprint
341 m²
Volume, LiDAR
2,415 m³
2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CDSE
Windmolenstraat 215, 2660 AntwerpenNon-scheduled passenger transport by road
since 20232.340.687.402
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11019B0214/00C007 Flanders 473 m² 1 · 262 m² 9.2 m · 2 fl.
11462A0055/00V000 Flanders 205 m² 1 · 79 m² 11.6 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 6,972 companies in sector 49320 we hold annual accounts for 2,715. 2,163 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded20-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47242Retail sale of chocolate and confectionery
49320Non-scheduled passenger transport by road
46389Wholesale of other food products
47640Retail sale of games and toys
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797439473
Also 9925:BE0797439473
Registered 19-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.