CS Consult
ActiveSummary
CS Consult has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€791) and a net result of -€10,791. Equity is shrinking by ~37.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-91
Solvency24▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 1.04 in 2024; short-term debt: 100.5% and cash: 29.7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-0.6%
Return on assets
-7.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€791
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-04-2026, 119 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
119 d early
2024
55 d early
2023
124 d early
2022
119 d early
2021
123 d early
2020
121 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 110 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€791
2024 · €10,000
Total assets
€139,677▼ 38.1%
2024 · €225,522
Net result
-€10,791
2024 · €123,020
Working capital
-€1,078
2024 · €8,734
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€154,803▲ 389%€80,794▼ 47.8%€202,510▲ 151%€156,612▼ 22.7%-€8,661
Net result€121,099above the sector's middle half▲ 378%€63,974above the sector's middle half▼ 47.2%€156,797above the sector's middle half▲ 145%€123,020above the sector's middle half▼ 21.5%-€10,791below the sector's middle half
Equity€156,431within the sector's middle half▲ 343%€220,405within the sector's middle half▲ 40.9%€10,000below the sector's middle half▼ 95.5%€10,000below the sector's middle half=-€791below the sector's middle half
Total assets€211,835within the sector's middle half▲ 338%€259,557within the sector's middle half▲ 22.5%€194,861within the sector's middle half▼ 24.9%€225,522within the sector's middle half▲ 15.7%€139,677within the sector's middle half▼ 38.1%
Debt€55,404▲ 325%€39,152▼ 29.3%€184,861▲ 372%€215,522▲ 16.6%€140,467▼ 34.8%
Working capital€156,431above the sector's middle half▲ 343%€220,405above the sector's middle half▲ 40.9%€7,883within the sector's middle half▼ 96.4%€8,734within the sector's middle half▲ 10.8%-€1,078below the sector's middle half
Solvency73.8%within the sector's middle half▲ 0.8pp84.9%above the sector's middle half▲ 11.1pp5.1%below the sector's middle half▼ 79.8pp4.4%below the sector's middle half▼ 0.7pp-0.6%below the sector's middle half▼ 5.0pp
Current ratio3.82within the sector's middle half▲ 0.116.63above the sector's middle half▲ 2.811.04within the sector's middle half▼ 5.591.04below the sector's middle half=0.99below the sector's middle half▼ 0.05
Return on assets (ROA)57.2%above the sector's middle half▲ 4.8pp24.6%within the sector's middle half▼ 32.5pp80.5%above the sector's middle half▲ 55.8pp54.5%above the sector's middle half▼ 25.9pp-7.7%below the sector's middle half▼ 62.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result turns negative in 2025: a loss of €8,661 after €156,612 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €139,677
Fixed assets
€415 ▼ 67.2%
Current assets
€139,262 ▼ 37.9%
Key figures and ratios
EBITDA
-€7,810▼
2024 · €157,463
Cash flow
-€9,939▼
2024 · €123,871
Interest coverage
-2.36▼
2024 · 1380.77
Debt ≤ 1 year
€140,339▼
2024 · €215,522
Income taxes
€147▼
2024 · €34,340
Equity ratios withheld: equity of -€791 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 1,570 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €570 | €851 | €851 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €111,366 | -€49,862 | -€61,505 | €101,446 | ▲ 265% |
| Other operating charges640/8 | - | €262 | €799 | €663 | €1,214 | ▲ 83.0% |
| Gross operating margin9900 | €154,914 | €192,422 | €154,018 | €96,622 | €94,849 | ▼ 1.8% |
| Operating profit (loss)9901 | €154,803 | €80,794 | €202,510 | €156,612 | -€8,661 | ▼ 106% |
| Financial income75/76B | - | - | - | €862 | €1,329 | ▲ 54.2% |
| Recurring financial income75 | - | - | - | €862 | €1,329 | ▲ 54.2% |
| Financial charges65/66B | - | €861 | €114 | €114 | €3,311 | ▲ 2,803% |
| Recurring financial charges65 | €12 | €861 | €114 | €114 | €3,311 | ▲ 2,803% |
| Profit (loss) for the period before taxes9903 | €154,791 | €79,932 | €202,396 | €157,360 | -€10,643 | ▼ 107% |
| Income taxes67/77 | €33,692 | €15,959 | €45,599 | €34,340 | €147 | ▼ 99.6% |
| Profit (loss) for the period9904 | €121,099 | €63,974 | €156,797 | €123,020 | -€10,791 | ▼ 109% |
| Profit (loss) for the period to be appropriated9905 | €121,099 | €63,974 | €156,797 | €123,020 | -€10,791 | ▼ 109% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €211,835 | €259,557 | €194,861 | €225,522 | €139,677 | ▼ 38.1% |
| Fixed assets21/28 | - | - | €2,117 | €1,266 | €415 | ▼ 67.2% |
| Tangible fixed assets22/27 | - | - | €2,117 | €1,266 | €415 | ▼ 67.2% |
| Furniture and vehicles24 | - | - | €2,117 | €1,266 | €415 | ▼ 67.2% |
| Current assets29/58 | €211,835 | €259,557 | €192,744 | €224,256 | €139,262 | ▼ 37.9% |
| Amounts receivable within one year40/41 | €39,930 | €89,677 | €116,271 | €192,397 | €97,744 | ▼ 49.2% |
| Trade receivables40 | - | €51,788 | €26,620 | €26,620 | €17,891 | ▼ 32.8% |
| Other amounts receivable41 | - | €37,889 | €89,651 | €165,777 | €79,853 | ▼ 51.8% |
| Cash at bank and in hand54/58 | €171,905 | €169,880 | €76,473 | €31,859 | €41,518 | ▲ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €211,835 | €259,557 | €194,861 | €225,522 | €139,677 | ▼ 38.1% |
| Equity10/15 | €156,431 | €220,405 | €10,000 | €10,000 | -€791 | ▼ 108% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €146,431 | €210,405 | €0 | - | - | - |
| Distributable reserves133 | - | €210,405 | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | €0 | €0 | -€10,791 | - |
| Amounts payable17/49 | €55,404 | €39,152 | €184,861 | €215,522 | €140,467 | ▼ 34.8% |
| Amounts payable within one year42/48 | €55,404 | €39,152 | €184,861 | €215,522 | €140,339 | ▼ 34.9% |
| Trade debts44 | €145 | €0 | €705 | €0 | €7,733 | - |
| Suppliers440/4 | - | €0 | €705 | €0 | €7,733 | - |
| Taxes, remuneration and social security45 | - | €37,692 | €14,279 | €11,933 | €8,660 | ▼ 27.4% |
| Taxes450/3 | - | €36,092 | €12,679 | €9,633 | €7,410 | ▼ 23.1% |
| Remuneration and social security454/9 | - | €1,600 | €1,600 | €2,300 | €1,250 | ▼ 45.7% |
| Other amounts payable47/48 | - | €1,460 | €169,877 | €203,589 | €123,946 | ▼ 39.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €128 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,099 | €63,974 | €156,797 | €123,020 | -€10,791 | ▼ 109% |
| + Depreciation and write-downs630 | - | - | €570 | €851 | €851 | = |
| Operating cash flow (approximation) | €121,099 | €63,974 | €157,367 | €123,871 | -€9,939 | ▼ 108% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€2,025 | -€93,407 | -€44,614 | €9,658 | ▲ 122% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€10,791
Net result drops to -€10,791, the lowest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €156,797 ▲145%
Operating result €202,510, net result €156,797, both a record.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €220,405 ▲40.9%
3 profitable years in a row build equity to €220,405.
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €156,431 ▲343%
2 profitable years in a row build equity to €156,431.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wevelgem · 1 establishment unit since 2020
Ground area
822 m²
Building footprint
268 m²
Volume, LiDAR
1,163 m³
Parcel 34041C0720/00T000, Flanders · tallest building 7.9 m, ±1 floor. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CS Consult
since 20202.306.469.760
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041C0720/00T000 | Flanders | 822 m² | 1 · 268 m² | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 22,972 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
Founded17-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752655266
Also
9925:BE0752655266
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.