CS
ActiveSummary
CS has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,043 and a net result of €8,185. Equity has been growing by about 24% per year since 2019. Its solvency ranks better than 69% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-10-2015 Normal situation
- Activity
- Retail sale of fruit and vegetables NACE 47210and 1 other
- Establishment unit
- 2.246.481.891 9000 Gent, since 06-10-2015
- Financial year end
- 30 June
- Peppol
- Reachable since 21-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €16,643
- ▼ 47.5%
- Turnover
- ≈ €270,000
- estimated
- Profit
- €8,185
- ▼ 58.9%
- Equity
- €75,043
- ▲ 12.2%
- Total assets
- €136,387
- ▲ 60.4%
- 2025 accounts filed 3 days after the deadline
Score breakdownraises riskSize: total assets €136,387Sector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 2.13, cash €37,075Equity €75,043 (55.0% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 47, micro). It does better than 69% of them on solvency, 69% on liquidity, 44% on profitability and 64% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 3 days after the deadline Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036575.
Annual accounts 2025 filed on 03-02-2026 PDF all 9 filings
Every figure per financial year
The operating result for 2025 is 53% lower than in 2024. It is the second fall in a row.
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €7,437 | - | - |
| Depreciation and write-downs of the year | €10,231 | €4,314 | €641 | €641 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €550,970 | €642,886 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,352 | €14,325 | €11,882 | €10,231 | €4,314 | €641 | €641 | = |
| Other operating charges640/8 | - | - | - | €691 | €3,499 | €1,161 | €1,815 | ▲ 56.4% |
| Gross operating margin9900 | €18,057 | €33,530 | €10,544 | €6,684 | €58,046 | €31,721 | €16,643 | ▼ 47.5% |
| Operating profit (loss)9901 | €2,533 | €17,146 | -€5,715 | -€4,237 | €50,233 | €29,920 | €14,186 | ▼ 52.6% |
| Financial income75/76B | - | - | - | €142 | €162 | €170 | €114 | ▼ 33.0% |
| Recurring financial income75 | €210 | €297 | €386 | €142 | €162 | €170 | €114 | ▼ 33.0% |
| Financial charges65/66B | - | - | - | €3,837 | €3,675 | €5,189 | €3,429 | ▼ 33.9% |
| Recurring financial charges65 | €3,522 | €4,108 | €2,979 | €3,837 | €3,675 | €5,189 | €3,429 | ▼ 33.9% |
| Profit (loss) for the period before taxes9903 | -€780 | €13,336 | -€8,307 | -€7,933 | €46,720 | €24,900 | €10,871 | ▼ 56.3% |
| Income taxes67/77 | -€41 | €3,961 | €2,172 | - | €15,600 | €4,995 | €2,686 | ▼ 46.2% |
| Profit (loss) for the period9904 | -€739 | €9,375 | -€10,480 | -€7,933 | €31,120 | €19,905 | €8,185 | ▼ 58.9% |
| Profit (loss) for the period to be appropriated9905 | -€739 | €9,375 | -€10,480 | -€7,933 | €31,120 | €19,905 | €8,185 | ▼ 58.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €69,587 | €183,953 | €102,191 | €59,590 | €84,451 | €85,032 | €136,387 | ▲ 60.4% |
| Fixed assets21/28 | €36,450 | €37,038 | €25,156 | €14,925 | €13,816 | €6,483 | €5,842 | ▼ 9.9% |
| Tangible fixed assets22/27 | €32,400 | €32,988 | €21,106 | €10,875 | €9,766 | €2,433 | €1,792 | ▼ 26.3% |
| Furniture and vehicles24 | - | - | - | €10,875 | €6,692 | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €3,074 | €2,433 | €1,792 | ▼ 26.3% |
| Financial fixed assets28 | €4,050 | €4,050 | €4,050 | €4,050 | €4,050 | €4,050 | €4,050 | = |
| Current assets29/58 | €33,137 | €146,916 | €77,035 | €44,665 | €70,635 | €78,550 | €130,545 | ▲ 66.2% |
| Stocks and contracts in progress3 | - | €24,980 | €31,016 | €23,376 | €25,419 | €28,010 | €31,282 | ▲ 11.7% |
| Stocks30/36 | - | - | - | €23,376 | €25,419 | €28,010 | €31,282 | ▲ 11.7% |
| Amounts receivable within one year40/41 | €23,807 | €102,053 | €24,976 | €18,944 | €17,598 | €13,343 | €59,988 | ▲ 350% |
| Trade receivables40 | - | - | - | €9,246 | €12,905 | €11,630 | €55,342 | ▲ 376% |
| Other amounts receivable41 | - | - | - | €9,698 | €4,693 | €1,713 | €4,645 | ▲ 171% |
| Cash at bank and in hand54/58 | €8,118 | €18,309 | €19,432 | €1,295 | €26,399 | €35,355 | €37,075 | ▲ 4.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,049 | €1,219 | €1,842 | €2,200 | ▲ 19.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €69,587 | €183,953 | €102,191 | €59,590 | €84,451 | €85,032 | €136,387 | ▲ 60.4% |
| Equity10/15 | €24,871 | €34,246 | €23,767 | €15,834 | €46,954 | €66,859 | €75,043 | ▲ 12.2% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €971 | €971 | €971 | €971 | €971 | €971 | €971 | = |
| Non-distributable reserves130/1 | - | - | - | €971 | €971 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €971 | €971 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €971 | €971 | = |
| Profit (loss) carried forward14 | €17,701 | €27,076 | €16,596 | €8,663 | €39,783 | €59,688 | €67,873 | ▲ 13.7% |
| Amounts payable17/49 | €44,716 | €149,707 | €78,424 | €43,756 | €37,497 | €18,174 | €61,343 | ▲ 238% |
| Amounts payable after more than one year17 | €18,643 | €21,624 | €11,220 | - | - | - | - | - |
| Amounts payable within one year42/48 | €26,073 | €128,083 | €67,204 | €43,756 | €37,497 | €18,174 | €61,343 | ▲ 238% |
| Current portion of amounts payable after more than one year42 | - | - | - | €11,220 | - | - | - | - |
| Financial debts43 | - | - | - | €900 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €900 | - | - | - | - |
| Trade debts44 | €9,376 | €111,579 | €51,846 | €30,978 | €19,223 | €12,882 | €56,461 | ▲ 338% |
| Suppliers440/4 | - | - | - | €30,978 | €19,223 | €12,882 | €56,461 | ▲ 338% |
| Taxes, remuneration and social security45 | - | - | - | - | €17,581 | €4,705 | €3,998 | ▼ 15.0% |
| Taxes450/3 | - | - | - | - | €17,581 | €2,705 | €3,998 | ▲ 47.8% |
| Remuneration and social security454/9 | - | - | - | - | - | €2,000 | - | - |
| Other amounts payable47/48 | - | - | - | €657 | €693 | €587 | €884 | ▲ 50.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€739 | €9,375 | -€10,480 | -€7,933 | €31,120 | €19,905 | €8,185 | ▼ 58.9% |
| + Depreciation and write-downs630 | €14,352 | €14,325 | €11,882 | €10,231 | €4,314 | €641 | €641 | = |
| Operating cash flow (approximation) | €13,613 | €23,700 | €1,402 | €2,298 | €35,434 | €20,546 | €8,826 | ▼ 57.0% |
| Investment in fixed assets (approximation) | - | -€14,913 | €0 | €0 | -€3,205 | €6,692 | €0 | ▼ 100% |
| Change in cash | - | €10,190 | €1,123 | -€18,137 | €25,103 | €8,956 | €1,721 | ▼ 80.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as CS has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CS itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for CS. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 03-02-2026 | 2026-00036575 | |
| 30-06-2024 | micro format | 04-02-2025 | 2025-00029021 | |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00018240 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00010054 | |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04300482 | |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04600406 | |
| 30-06-2019 | abbreviated format | 31-01-2020 | 2020-04000558 | |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-03900439 | |
| 30-06-2017 | abbreviated format | 30-01-2018 | 2018-03400048 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 11-01-2024 Capital stated in the deed · 100 shares
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ergün Cüneyt |
|
| Ergün Selda |
|
Network & group
CS shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of CS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-01
Gazette deed
Changes of role: Ergün Cüneyt (director) and Ergün Selda (director)Amendment of the articles · Capital conversion · Capital13 points ▸
- General meeting, “beraadslagen en besluiten over agendapunten” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “opheffen statutair onbeschikbare eigenvermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director resignation, Ergün Cüneyt (manager)
- Director resignation, Ergün Selda (manager)
- Board rule, 2, “algemene vergadering” (deed in Dutch)
- Director appointment, Ergün Cüneyt (director (not named in the articles))
- Director appointment, Ergün Selda (director (not named in the articles))
- Power of attorney, Xavier VANHAELEMEESCH
- Power of attorney
- Director discharge, Ergün Cüneyt
- The act holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
54 activities
- Groot en kleinhandel en import en export van alles: in meubels,geschenkartikelen,bouwmaterialen,speelgoed,decoratiemateriaal,voeding,groenten en fruit,textiel,gouden sieraden,houtproducten;
- Uitbaten van een voedingswinkel;
- Collievervoer en/of verhuur van voertuigen en personenwagens met chauffeur;
- De verhuur van vrachtwagens of bestelwagens;
- Goederenvervoer over en langs de weg,voor eigen rekening of voor rekening van derden tegen vergoeding en opslag van goederen;
- De exploitatie of uitbating van overig vervoer van personen te land met personenwagens en autobussen,zonder dienstregeling zoals chartervervoer,busreizen,toeristische excursies,enz;
- Transportbedrijf in de ruimste zin van het woord. Onderneming voor goederenvervoer,langs de weg lucht of water. Nationaal en internationaal goederenvervoer over de weg,zee en lucht,voor eigen rekening of voor rekening van derden;
- Expeditie,verzendings- en transportbedrijf in de ruime zin van het woord. Vervoer en verzending van goederen en personen in de meest ruime zin van het woord. Verhuisdiensten van het meubilair van het meubilair van particulieren,kantoren,werkplaatsen of fabrieken;
- De exploitatie of uitbating van een taxibedrijf en van taxi's zowel van personenwagens als lichte en zware vrachtwagens. Personenvervoer(taxi).
- Alle expeditie en commissiewerken alsmede tussenkomst in het vervoer en bevrachtingen,inbegrepen scheepsbevrachtingen.
- Het laden en lossen van goederen in spoorwagens,vrachtwagens en andere vervoermiddelen,het overslaan van goederen uit een vervoermiddel in een andere vervoermiddel.
- Opslag en vrachtbehandeling en distributie.
- Vervoer van alle voedingsproducten en van alle dranken in de breedste zin,het vervoer van bereide maaltijden,koude en warme bakkerij.
- Verhuur van al dan niet gemeubelde appartementen en huizen;
- Verhuur van feestzalen;
- Organiseren van seminaries;
- Organiseren van feesten;
- Het verwerven van alle mogelijke terreinen,het bouwen van openbare en particuliere gebouwen,de aankoop,de verkoop,de verhuur,de verdeling en de verkaveling van alle mogelijke onroerende goederen;
- Groot en kleinhandel voor in professioneel keukenapparatuur;
- Groot en kleinhandel in koffie en afgeleide producten;
- Onderhoud en herstelling van de koffie automaten(groat — en klein);
- Groot en kleinhandel in dranken(zowel alcoholische als niet alcoholische dranken);
- Import en export van dranken;
- Groot en kleinhandel in zuivelproducten;
- Groot en kleinhandel in koffie automaatwisselstukken;
- Groot en kleinhandel in goud en sieraden of andere souvenirs;
- De import en export van allerlei goederen;
- Het vervoer voor rekening van derden of voor eigen rekening,zowel nationaal als internationaal,per spoor,te water,langs de weg en de lucht;
- Elke handeling met betrekking tot het uitbenen,verwerken en versnijden van vlees en vleeswaren,verwerking van vis en andere soorten;
- Industriële reiniging en andere vormen van schoonmaak;
- De uitbating in brede zin van alle restaurants,traiteurs,café,tavernes,snackbars,meeneem en afhaalrestaurants,frituur,pitazaak met belegde broodjes,pizzeria,warme en koude bakkerij;
- Alle soorten aannemingswerken in de brede zin;
- Groot en kleinhandel in voertuigen;
- Het aanleggen van pijpleidingen,telecommunicatieleidingen,waterdistributienetten,elektriciteitsleidingen,rioleringsleidingen,hoogspanningsleidingen;
- Het aanleg van telecommunicatielijnen en —netten;
- Het aanleg van waterdistributienetten en rioleringen;
- Het uitvoeren van isolatiewerken in de breedste zin;
- Het uitvoeren van algemene grondwerken;
- Het aanleggen van gazons en algemene tuinwerken;
- Het uitvoeren van kleine afbraakwerken;
- Het uitvoeren van algemene onderhoudswerken(binnen en buiten);
- Uitbaten van een kapsalon,internetcafé,copycenter,nachtwinkel,dancing,disco en swingcafé;
- Uitbaten van garage(verkoop,onderhoud en herstelling);
- Onthaalmoeder,kinderopvang;
- Het verhuren chauffeurs van allerlei functies;
- Het organiseren van sportorganisaties of muziekoptreden,fuiven;
- Het organiseren toeristenevenementen,toeristische uitstappen,organiseren van alle soorten.activiteiten in toerismesector
- Import en export in marmerproducten,marmer,edelstenen;
- Import en export van middelen uit gezondheidsector(geneesmiddelen,elektronisch uitrustingen;
- Handel in levende dieren en handel in dieren in breedste zin;
- Handel in agrarische producten en landbouwproducten;
- Het uitbaten van immobiliënbureaus;
- Het uitbaten van modelbureaus,public relationbureaus en interimbureaus;reisbureaus;
- Uitbaten van een securitybedrijf.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44810K0388/00S003 | Flanders | 502 m² | 1 · 352 m² | 10.3 m · 3 |