Investments
€30,350 8.9 × depreciation
Green is investment, beige is depreciation.
C.S.BOUW
Lifetime
18 annual accounts with figures on one time axis, 40 filings since 1986peak €116,118 (2023)
-€22,995▼ €26,047
lowest -€57,609 (2022)
-€34,685▼ €35,074
peak €160,184 (2025)
€160,184▲ 24.6%
€45,232▲ 426%
Board2 names since 2002
1 directorTKINDT CHRISTIAN
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €3,052 to -€22,995Loss of €34,685Merger: CHRIST-BOUWGROEP takes over C.S. BOUW 07-05Equity from €128,568 to €160,184Debts from €8,603 to €45,232Investments €11,533
Key points
from the 2025 annual accountsRestructuring
2025
Merger with C.S. BOUW. Merger on 07-05-2025.
Position in the sector
-€34,685
Lower net result than 95% of companies in construction of buildings. Sector median €8,554 · 9,452 companies.
2025 accounts filed 31 days after the deadlineTurnover not published (micro format)
Checked score
54
Fair
Financially stronger than 53% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025lowest value
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 1.0%▲ +0.8 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.4%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▲ +0.8 percentage points vs 08-2026highest value
10-2026: 2.2%● unchanged vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €34,685 (financial year 2025)
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1985
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 92% of them on solvency, 49% on liquidity, 5% on profitability and 68% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as C.S.BOUW has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of C.S.BOUW itself is higher: 2.2% within 12 months. It rests on far more data about C.S.BOUW than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for C.S.BOUW. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.85 (14.39 in 2024), above the usual 1.5. Short-term debt is 21.6% and cash 5.1% of total assets. 22% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
31 days late
2023
30 days late
2022
31 days late
2021
2 days early
2020
5 days early
2019
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 21 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
TC
TKINDT CHRISTIAN
Director, since 30-01-2002
Shares in 1 company, C.S. BOUW
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0427616877
Merger: CHRIST-BOUWGROEP takes over C.S. BOUW
Company renamed from CHRIST-BOUWGROEP to C.S. BOUW · Resignation: Christian T'Kindt (sole director) · The company holds all the shares of C.S. BOUW · General meeting of 03-04-2025 · Gazette deed
Merger proposal: CHRIST-BOUWGROEP takes over C.S.BOUW
The company holds all the shares of C.S.BOUW · Gazette deed
Change of role: T'KINDT Christian, from statutory manager to statutory director
Director discharge: T'KINDT Christian (manager) · General meeting of 17-03-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| C.S.BOUW Dendermonde | €205,416 | -€22,995 | 78.0% | - |
| ALGEMENE ONDERNEMINGEN AIME VERTHRIEST Deinze | €205,911 | -€23,052 | -70.1% | - |
| BOUWBEDRIJF P. VAN HAUWERMEIREN Sint-Niklaas | €234,977 | -€2,418 | 98.5% | - |
| iBC CONCEPT Geraardsbergen | €185,156 | -€54,540 | -44.6% | - |
| Algemene bouwonderneming Gheysen Wevelgem | €185,540 | -€26,763 | 42.8% | - |
| WONINGBOUW A.M.J. JACOBS Essen | €197,548 | -€6,417 | 9.2% | - |
| ALGEMEEN BOUW COMFORT VILLA Hasselt | €233,487 | -€7,274 | 1.3% | 2.2 |
These companies have the same main activity as C.S.BOUW: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €185,000 and €235,000, founded between 1983 and 1989.
Official details
Source: KBO- Status
- Active since 14-08-1985Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.027.646.9239200 Dendermonde, since 14-08-1985
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Insights on C.S.BOUW
C.S.BOUW files the micro format. That format states no turnover. The gross margin fell from €875 in 2008 to -€22,995 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about C.S.BOUW
- What is the company number of C.S.BOUW?
- The company number of C.S.BOUW is 0427.616.877. The VAT number is the same number with BE in front: BE 0427.616.877.
- Where is C.S.BOUW based?
- The registered office is at Oude Brugstraat 8a, 9200 Dendermonde.Company details
- What does C.S.BOUW do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of C.S.BOUW?
- C.S.BOUW is a private limited company (BV).
- When was C.S.BOUW founded?
- C.S.BOUW was founded on 14-08-1985.
- Is C.S.BOUW still active?
- Yes, C.S.BOUW is an active enterprise in the KBO register.
- What is the turnover of C.S.BOUW?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is C.S.BOUW profitable?
- In financial year 2025, C.S.BOUW made a loss of €34,685.
- Where can I find the annual accounts of C.S.BOUW?
- C.S.BOUW filed 40 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of C.S.BOUW due?
- C.S.BOUW must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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