CS CONSULTING
ActiveSummary
CS CONSULTING has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €143k and a net result of €25k. Equity is growing by ~28.4% per year across the filed fiscal years. Its solvency ranks better than 77% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 4.26 against 4.94 in 2024; short-term debt: 19.8% and cash: 32.8% of total assets), and 19.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.2%
Return on assets
13.9%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
15 d early
2023
5 d early
2022
11 d early
2021
30 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 13.7%
2024 · €126k
2018: €9klowest in 8 years
2019: €19k▲ +114% vs 2018
2020: €46k▲ +144% vs 2019
2021: €60k▲ +31.5% vs 2020
2022: €79k▲ +30.7% vs 2021
2023: €98k▲ +25.3% vs 2022
2024: €126k▲ +28.2% vs 2023
2025: €143k▲ +13.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€179k▲ 18.6%
2024 · €151k
2018: €40klowest in 8 years
2019: €53k▲ +32.3% vs 2018
2020: €72k▲ +36.8% vs 2019
2021: €79k▲ +9.3% vs 2020
2022: €97k▲ +23.2% vs 2021
2023: €119k▲ +23.2% vs 2022
2024: €151k▲ +26.3% vs 2023
2025: €179k▲ +18.6% vs 2024highest in 8 years
2018 → 2025
Net result
€25k▼ 14.2%
2024 · €29k
2018: €2klowest in 8 years
2019: €10k▲ +403% vs 2018
2020: €27k▲ +171% vs 2019
2021: €14k▼ -46.6% vs 2020
2022: €18k▲ +28.3% vs 2021
2023: €19k▲ +0.9% vs 2022
2024: €29k▲ +55.4% vs 2023highest in 8 years
2025: €25k▼ -14.2% vs 2024
2018 → 2025
Working capital
€115k▲ 18.9%
2024 · €97k
2018: €9k
2019: €8k▼ -16.1% vs 2018lowest in 8 years
2020: €21k▲ +163% vs 2019
2021: €28k▲ +35.0% vs 2020
2022: €45k▲ +60.6% vs 2021
2023: €67k▲ +49.4% vs 2022
2024: €97k▲ +44.2% vs 2023
2025: €115k▲ +18.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€79k▲ 30.7%€98k▲ 25.3%€126k▲ 28.2%€143k▲ 13.7%
2021: €60klowest in 5 years
2022: €79k▲ +30.7% vs 2021
2023: €98k▲ +25.3% vs 2022
2024: €126k▲ +28.2% vs 2023
2025: €143k▲ +13.7% vs 2024highest in 5 years
Operating result€24k-€28k▲ 16.8%€28k▲ 1.1%€43k▲ 51.1%€37k▼ 13.3%
2021: €24klowest in 5 years
2022: €28k▲ +16.8% vs 2021
2023: €28k▲ +1.1% vs 2022
2024: €43k▲ +51.1% vs 2023highest in 5 years
2025: €37k▼ -13.3% vs 2024
Net result€14k-€18k▲ 28.3%€19k▲ 0.9%€29k▲ 55.4%€25k▼ 14.2%
2021: €14klowest in 5 years
2022: €18k▲ +28.3% vs 2021
2023: €19k▲ +0.9% vs 2022
2024: €29k▲ +55.4% vs 2023highest in 5 years
2025: €25k▼ -14.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€28k ▼ 3.6%
Current assets
€151k ▲ 23.9%
Equity and liabilities €179k
Equity
€143k ▲ 13.7%
Debt
€35k ▲ 43.9%
Debt's share of the balance-sheet total rises from 16.3% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€52k▼
2024 · €52k
Cash flow
€40k▲
2024 · €39k
Current ratio
4.26▼
2024 · 4.94
Debt to equity
0.25▲
2024 · 0.20
ROE
17.3%▼
2024 · 23.0%
ROA
13.9%▼
2024 · 19.2%
Interest coverage
116.62▼
2024 · 135.21
Debt ≤ 1 year
€35k▲
2024 · €25k
Income taxes
€12k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€151k€179k▲
Fixed assets21/28€29k€28k▼
Tangible fixed assets22/27€29k€28k▼
Plant, machinery and equipment23€763€379▼
Furniture and vehicles24-€10k
Other tangible fixed assets26€28k€17k▼
Current assets29/58€122k€151k▲
Amounts receivable within one year40/41€63k€68k▲
Trade receivables40€43k€38k▼
Other amounts receivable41€20k€30k▲
Cash at bank and in hand54/58€57k€59k▲
Deferred charges and accrued income490/1€2k€25k▲
Equity and liabilities
Total equity and liabilities10/49€151k€179k▲
Equity10/15€126k€143k▲
Contributions10/11€6k€6k=
Reserves13€116k€133k▲
Tax-exempt reserves132€21k€19k▼
Distributable reserves133€95k€114k▲
Profit (loss) carried forward14€4k€4k=
Amounts payable17/49€25k€35k▲
Amounts payable within one year42/48€25k€35k▲
Trade debts44€12k€25k▲
Suppliers440/4€12k€25k▲
Taxes, remuneration and social security45€13k€6k▼
Taxes450/3€13k€6k▼
Other amounts payable47/48-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€15k▲
Other operating charges640/8€773€801▲
Gross operating margin9900€53k€53k▼
Operating profit (loss)9901€43k€37k▼
Financial income75/76B€205€313▲
Recurring financial income75€205€313▲
Financial charges65/66B€387€446▲
Recurring financial charges65€387€446▲
Profit (loss) for the period before taxes9903€42k€37k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€29k€25k▼
Transfer from tax-exempt reserves789€8k€11k▲
Transfer to tax-exempt reserves689€12k€8k▼
Profit (loss) for the period to be appropriated9905€26k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€31k▲
Profit (loss) brought forward from the previous period14P€4k€4k=
Transfer from equity791/2-€8k
Transfer to equity691/2€26k€27k▲
To other reserves6921€26k€27k▲
Profit to be distributed694/7-€8k
Return on contributions (dividend)694-€8k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €10k | €10k | €15k | ▲ 54.8% |
| Other operating charges640/8 | €3k | €2k | €746 | €773 | €801 | ▲ 3.7% |
| Gross operating margin9900 | €33k | €38k | €39k | €53k | €53k | ▼ 0.5% |
| Operating profit (loss)9901 | €24k | €28k | €28k | €43k | €37k | ▼ 13.3% |
| Financial income75/76B | €190 | €0 | €3 | €205 | €313 | ▲ 53.0% |
| Recurring financial income75 | €190 | €0 | €3 | €205 | €313 | ▲ 53.0% |
| Financial charges65/66B | €946 | €754 | €548 | €387 | €446 | ▲ 15.3% |
| Recurring financial charges65 | €946 | €754 | €548 | €387 | €446 | ▲ 15.3% |
| Profit (loss) for the period before taxes9903 | €23k | €27k | €28k | €42k | €37k | ▼ 13.3% |
| Income taxes67/77 | €9k | €9k | €9k | €13k | €12k | ▼ 11.1% |
| Profit (loss) for the period9904 | €14k | €18k | €19k | €29k | €25k | ▼ 14.2% |
| Transfer from tax-exempt reserves789 | - | - | €13k | €8k | €11k | ▲ 25.0% |
| Transfer to tax-exempt reserves689 | - | €8k | €9k | €12k | €8k | ▼ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €14k | €10k | €22k | €26k | €27k | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €97k | €119k | €151k | €179k | ▲ 18.6% |
| Fixed assets21/28 | €32k | €33k | €31k | €29k | €28k | ▼ 3.6% |
| Tangible fixed assets22/27 | €32k | €33k | €31k | €29k | €28k | ▼ 3.6% |
| Plant, machinery and equipment23 | €2k | €2k | €1k | €763 | €379 | ▼ 50.3% |
| Furniture and vehicles24 | - | - | - | - | €10k | - |
| Other tangible fixed assets26 | €30k | €32k | €30k | €28k | €17k | ▼ 38.7% |
| Current assets29/58 | €47k | €63k | €88k | €122k | €151k | ▲ 23.9% |
| Amounts receivable within one year40/41 | €36k | €36k | €44k | €63k | €68k | ▲ 7.0% |
| Trade receivables40 | €34k | €31k | €42k | €43k | €38k | ▼ 13.3% |
| Other amounts receivable41 | €2k | €5k | €2k | €20k | €30k | ▲ 51.4% |
| Cash at bank and in hand54/58 | €8k | €26k | €41k | €57k | €59k | ▲ 2.9% |
| Deferred charges and accrued income490/1 | €2k | €1k | €3k | €2k | €25k | ▲ 1,535% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €97k | €119k | €151k | €179k | ▲ 18.6% |
| Equity10/15 | €60k | €79k | €98k | €126k | €143k | ▲ 13.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €50k | €68k | €88k | €116k | €133k | ▲ 15.0% |
| Non-distributable reserves130/1 | €681 | €681 | - | - | - | - |
| Reserves not available under the articles1311 | €681 | €681 | - | - | - | - |
| Tax-exempt reserves132 | €13k | €21k | €19k | €21k | €19k | ▼ 10.0% |
| Distributable reserves133 | €36k | €46k | €69k | €95k | €114k | ▲ 20.5% |
| Profit (loss) carried forward14 | €4k | €4k | €4k | €4k | €4k | = |
| Amounts payable17/49 | €19k | €18k | €21k | €25k | €35k | ▲ 43.9% |
| Amounts payable within one year42/48 | €19k | €18k | €21k | €25k | €35k | ▲ 43.9% |
| Trade debts44 | €15k | €18k | €18k | €12k | €25k | ▲ 110% |
| Suppliers440/4 | €15k | €18k | €18k | €12k | €25k | ▲ 110% |
| Taxes, remuneration and social security45 | €3k | - | €3k | €13k | €6k | ▼ 53.2% |
| Taxes450/3 | €3k | - | €3k | €13k | €6k | ▼ 53.2% |
| Other amounts payable47/48 | €283 | €752 | €598 | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14k | €18k | €19k | €29k | €25k | ▼ 14.2% |
| + Depreciation and write-downs630 | €7k | €8k | €10k | €10k | €15k | ▲ 54.8% |
| Operating cash flow (approximation) | €21k | €27k | €29k | €39k | €40k | ▲ 3.2% |
| Investment in fixed assets (approximation) | - | €-10k | €-8k | €-8k | €-14k | ▼ 81.7% |
| Change in cash | - | €18k | €15k | €16k | €2k | ▼ 89.7% |
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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €29k ▲55.4%
Operating result €43k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €126k ▲28.2%
7 profitable years in a row build equity to €126k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Malmedy · 1 establishment unit since 2016
Ground area
1,184 m²
Building footprint
110 m²
Volume, LiDAR
508 m³
Parcel 63502C0466/00C002, Wallonia · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chemin du Calvaire 91, 4960 Malmedy
since 20162.251.882.318
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63502C0466/00C002 | Wallonia | 1,184 m² | 1 · 110 m² | 6.6 m · 2 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,876 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
Founded01-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.