CS Creative
ActiveSummary
CS Creative has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €259,874 and a net result of €234,174. Equity is growing by about 26% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
Equity
€259,874▲ 172%
2024 · €95,699
Total assets
€427,227▲ 33.2%
2024 · €320,811
Net result
€234,174▲ 69.7%
2024 · €137,962
Working capital
€166,356
2024 · -€21,413
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 72% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€312,227
2025
Net result€234,174
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€427,227
2025
Equity€259,874
2025
Debt€167,354
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€166,356
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€24,467-€32,753€80,895▲ 147%€38,822▼ 52.0%€60,617▲ 56.1%€99,799▲ 64.6%€181,700▲ 82.1%€312,227▲ 71.8%
Net result-€25,082-€30,523€58,091▲ 90.3%€24,274▼ 58.2%€39,887▲ 64.3%€64,812▲ 62.5%€137,962▲ 113%€234,174▲ 69.7%
Equity€13,377-€43,900▲ 228%€91,991▲ 110%€116,264▲ 26.4%€137,926▲ 18.6%€127,738▼ 7.4%€95,699▼ 25.1%€259,874▲ 172%
Total assets€39,222-€70,629▲ 80.1%€153,006▲ 117%€161,286▲ 5.4%€216,381▲ 34.2%€240,875▲ 11.3%€320,811▲ 33.2%€427,227▲ 33.2%
Debt€25,845-€26,729▲ 3.4%€61,015▲ 128%€45,022▼ 26.2%€78,455▲ 74.3%€113,137▲ 44.2%€225,112▲ 99.0%€167,354▼ 25.7%
Working capital€12,416-€42,670▲ 244%€58,924▲ 38.1%€59,982▲ 1.8%€35,414▼ 41.0%€16,165▼ 54.4%-€21,413€166,356
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,227
Fixed assets
€93,517 ▼ 20.1%
Current assets
€333,710 ▲ 63.8%
Equity and liabilities €427,227
Equity
€259,874 ▲ 172%
Debt
€167,354 ▼ 25.7%
Debt's share of the balance-sheet total falls from 70.2% to 39.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€318,710▲
2024 · €186,314
Cash flow
€240,657▲
2024 · €142,576
Current ratio
1.99▲
2024 · 0.90
Debt to equity
0.64▼
2024 · 2.35
ROE
90.1%▼
2024 · 144.2%
ROA
54.8%▲
2024 · 43.0%
Interest coverage
over 100▲
2024 · 53.13
Debt ≤ 1 year
€167,354▼
2024 · €225,112
Income taxes
€79,590▲
2024 · €43,791
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €845 | €1,192 | €2,398 | €7,556 | €7,413 | €5,381 | €4,614 | €6,483 | ▲ 40.5% |
| Other operating charges640/8 | - | - | - | €2,992 | €1,295 | €907 | €1,006 | €569 | ▼ 43.4% |
| Non-recurring operating charges66A | - | - | - | - | - | €3,657 | €0 | - | - |
| Gross operating margin9900 | -€22,614 | €34,960 | €85,403 | €49,370 | €69,325 | €109,745 | €187,320 | €319,279 | ▲ 70.4% |
| Operating profit (loss)9901 | -€24,467 | €32,753 | €80,895 | €38,822 | €60,617 | €99,799 | €181,700 | €312,227 | ▲ 71.8% |
| Financial income75/76B | - | - | - | €764 | €3,409 | €2,564 | €3,559 | €3,139 | ▼ 11.8% |
| Recurring financial income75 | €97 | €3,217 | €281 | €764 | €3,409 | €2,564 | €3,559 | €3,139 | ▼ 11.8% |
| Financial charges65/66B | - | - | - | €989 | €792 | €5,863 | €3,507 | €1,602 | ▼ 54.3% |
| Recurring financial charges65 | €355 | €2,137 | €2,015 | €989 | €792 | €5,863 | €3,507 | €1,602 | ▼ 54.3% |
| Profit (loss) for the period before taxes9903 | -€24,724 | €33,833 | €79,161 | €38,597 | €63,234 | €96,500 | €181,752 | €313,764 | ▲ 72.6% |
| Income taxes67/77 | €358 | €3,310 | €21,070 | €14,324 | €23,348 | €31,688 | €43,791 | €79,590 | ▲ 81.8% |
| Profit (loss) for the period9904 | -€25,082 | €30,523 | €58,091 | €24,274 | €39,887 | €64,812 | €137,962 | €234,174 | ▲ 69.7% |
| Profit (loss) for the period to be appropriated9905 | -€25,082 | €30,523 | €58,091 | €24,274 | €39,887 | €64,812 | €137,962 | €234,174 | ▲ 69.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39,222 | €70,629 | €153,006 | €161,286 | €216,381 | €240,875 | €320,811 | €427,227 | ▲ 33.2% |
| Fixed assets21/28 | €2,221 | €2,069 | €45,129 | €68,981 | €102,512 | €111,573 | €117,113 | €93,517 | ▼ 20.1% |
| Intangible fixed assets21 | - | - | - | - | €4,742 | €3,792 | €6,093 | €4,022 | ▼ 34.0% |
| Tangible fixed assets22/27 | €2,221 | €2,069 | €45,129 | €43,333 | €38,116 | €17,552 | €14,386 | €20,863 | ▲ 45.0% |
| Plant, machinery and equipment23 | - | - | - | - | - | €888 | €459 | €1,523 | ▲ 232% |
| Furniture and vehicles24 | - | - | - | €4,544 | €3,681 | €1,425 | €696 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | €38,789 | €34,435 | €15,238 | €13,231 | €19,340 | ▲ 46.2% |
| Financial fixed assets28 | - | - | - | €25,648 | €59,654 | €90,229 | €96,633 | €68,632 | ▼ 29.0% |
| Current assets29/58 | €37,001 | €68,559 | €107,877 | €92,305 | €113,869 | €129,302 | €203,699 | €333,710 | ▲ 63.8% |
| Amounts receivable within one year40/41 | €28,214 | €45,343 | €23,889 | €31,889 | €53,183 | €47,968 | €52,537 | €119,548 | ▲ 128% |
| Trade receivables40 | - | - | - | €31,699 | €45,219 | €47,968 | €52,537 | €113,130 | ▲ 115% |
| Other amounts receivable41 | - | - | - | €190 | €7,964 | €0 | - | €6,418 | - |
| Current investments50/53 | - | - | - | €990 | €0 | - | - | - | - |
| Cash at bank and in hand54/58 | €7,735 | €22,188 | €82,820 | €57,677 | €59,901 | €80,877 | €151,161 | €214,114 | ▲ 41.6% |
| Deferred charges and accrued income490/1 | - | - | - | €1,749 | €784 | €457 | €0 | €48 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39,222 | €70,629 | €153,006 | €161,286 | €216,381 | €240,875 | €320,811 | €427,227 | ▲ 33.2% |
| Equity10/15 | €13,377 | €43,900 | €91,991 | €116,264 | €137,926 | €127,738 | €95,699 | €259,874 | ▲ 172% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €31,860 | €81,860 | €81,860 | €101,860 | €106,860 | €76,860 | €6,860 | ▼ 91.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €80,000 | €100,000 | €105,000 | €75,000 | €5,000 | ▼ 93.3% |
| Profit (loss) carried forward14 | €5,317 | €5,840 | €3,931 | €28,204 | €17,466 | €2,278 | €239 | €234,414 | ▲ 97,850% |
| Amounts payable17/49 | €25,845 | €26,729 | €61,015 | €45,022 | €78,455 | €113,137 | €225,112 | €167,354 | ▼ 25.7% |
| Amounts payable after more than one year17 | - | - | €11,522 | €12,699 | €0 | - | - | - | - |
| Financial debts170/4 | - | - | - | €12,699 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €24,585 | €25,889 | €48,954 | €32,323 | €78,455 | €113,137 | €225,112 | €167,354 | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,479 | €0 | €17,144 | €35,000 | €61,286 | ▲ 75.1% |
| Trade debts44 | €4,723 | €7,308 | €19,341 | €8,248 | €24,959 | €7,722 | €2,458 | €2,727 | ▲ 11.0% |
| Suppliers440/4 | - | - | - | €8,248 | €24,959 | €7,722 | €2,458 | €2,727 | ▲ 11.0% |
| Advances received on contracts in progress46 | - | - | - | €3,642 | €2,398 | €1,737 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €13,552 | €25,632 | €28,409 | €13,291 | €33,340 | ▲ 151% |
| Taxes450/3 | - | - | - | €9,558 | €24,037 | €28,409 | €13,291 | €33,340 | ▲ 151% |
| Remuneration and social security454/9 | - | - | - | €3,994 | €1,595 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €402 | €25,466 | €58,125 | €174,363 | €70,000 | ▼ 59.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€25,082 | €30,523 | €58,091 | €24,274 | €39,887 | €64,812 | €137,962 | €234,174 | ▲ 69.7% |
| + Depreciation and write-downs630 | €845 | €1,192 | €2,398 | €7,556 | €7,413 | €5,381 | €4,614 | €6,483 | ▲ 40.5% |
| Operating cash flow (approximation) | -€24,237 | €31,714 | €60,489 | €31,829 | €47,300 | €70,193 | €142,576 | €240,657 | ▲ 68.8% |
| Investment in fixed assets (approximation) | - | -€1,041 | -€45,458 | -€31,408 | -€40,945 | -€14,442 | -€10,154 | €17,113 | - |
| Change in cash | - | €14,454 | €60,631 | -€25,143 | €2,224 | €20,976 | €70,284 | €62,953 | ▼ 10.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-09-2026 | 2026-00497527 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00342974 |
| 31-12-2023 | micro format | 26-07-2024 | 2024-00298872 |
| 31-12-2022 | micro format | 11-07-2023 | 2023-00222432 |
| 31-12-2021 | micro format | 26-07-2022 | 2022-20223184 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-60800306 |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31100428 |
| 31-12-2018 | micro format | 28-08-2019 | 2019-54300188 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56600047 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-55800309 |
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Of the 2,265 active companies whose main activity is performing arts by artistic ensembles (NACE 90202), figures are known for 420. 289 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.