Equity
€312,022 ▲ 31.6%
CS-IMMO has made a profit without a break since 2022.
CS-IMMO
Lifetime
5 annual accounts with figures on one time axispeak €175,093 (2025)
€175,093▲ 104%
lowest -€61,893 (2021)
€74,960▲ 11×
peak €312,022 (2025)
€312,022▲ 31.6%
€1.2m▼ 31.0%
Board1 name since 2020
1 directorSCHIFANO,Calogero
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from €85,921 to €175,093Result from €6,692 to €74,960Equity from €237,062 to €312,022Debts from €1.8m to €1.2m
Key points
from the 2025 annual accountsResult
€74,960 ▲ 11×
The result rose in 2025 from €6,692 to €74,960.
Turnover
≈ €320,000 estimated
The micro format states no turnover.
Debts
€1.2m 80% of the balance sheet
Financial debts 64%Suppliers 24%Taxes and wages 7%Other 6%
Of this, €441,700 falls due within a year.
Filings
5 annual accounts 76 days
Latest accounts filed late: after the legal deadline.
Position in the sector
€74,960
Higher net result than 87% of companies in real estate. Sector median €5,994 · 17,181 companies.
Checked score
83
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 1.1%● unchanged vs 06-2025
08-2025: 1.6%▲ +0.5 percentage points vs 07-2025
09-2025: 1.9%▲ +0.3 percentage points vs 08-2025
10-2025: 1.2%▼ -0.7 percentage points vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.2%● unchanged vs 02-2026
04-2026: 1.1%▼ -0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.2%▲ +0.1 percentage points vs 05-2026
07-2026: 1.1%▼ -0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.5 percentage points vs 07-2026
09-2026: 2.0%▲ +0.4 percentage points vs 08-2026highest value
10-2026: 0.4%▼ -1.6 percentage points vs 09-2026lowest value
11-2026: 0.4%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 76 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €1.6m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 16-10-2026)
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 68, micro). It does better than 40% of them on solvency, 42% on liquidity, 45% on profitability and 81% on growth.
The bankruptcy probability was computed on 08-11-2026 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 very low class on 30-06-2025, 0.1% 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, 2,372 companies had the same profile as CS-IMMO has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CS-IMMO itself: 0.4% within 12 months.
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 2,372 companies, not a prediction for CS-IMMO. 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 €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.15 (1.74 in 2024), above the usual 1.5. Short-term debt is 28.4% and cash 6.5% of total assets. However, 80% 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 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 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 · 5 filingsDeviation from the deadline
2025
76 days late
2024
60 days late
2023
1 day early
2022
17 days late
2021
78 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 46 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 29 September (4 of the last 5 accounts filed within 43 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SCHIFANO,Calogero 50 sharesdeed of 09-06-2020
- CATALANO,Lina 50 sharesdeed of 09-06-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0747915728
First establishment
Rue Hector Ameye (H-G) 80, La Louvière
Incorporation
Founding capital of €10,000, 100 shares · Founders: SCHIFANO, Calogero; CATALANO, Lina · Appointment: SCHIFANO, Calogero (director) · published on 09-06-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CS-IMMO La Louvière | €1.6m | €175,093 | 20.0% | - |
| 2MY CONSULTING Manage | €1.6m | €279,459 | 30.0% | - |
| STP IMMO Ham-sur-Heure-Nalinnes | €1.8m | €196,885 | 27.4% | - |
| LVKJ-IMMO Beringen | €1.5m | €166,377 | 20.4% | - |
| Nobel Development Antwerp | €1.7m | €164,903 | -6.3% | - |
| SIEMMO Deinze | €1.4m | €176,972 | 37.0% | - |
| De Gezinswoning Gavere | €1.6m | €147,724 | 5.7% | - |
These companies have the same main activity as CS-IMMO: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.4m and €1.8m, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 05-06-2020Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.334.997.5597110 La Louvière, since 01-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-01-2026
Insights on CS-IMMO
CS-IMMO files the micro format. That format states no turnover. The gross margin rose from -€43,755 in 2021 to €175,093 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 CS-IMMO
- What is the company number of CS-IMMO?
- The company number of CS-IMMO is 0747.915.728. The VAT number is the same number with BE in front: BE 0747.915.728.
- Where is CS-IMMO based?
- The registered office is at Rue Hector Ameye (H-G) 80, 7110 La Louvière.Company details
- What does CS-IMMO do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of CS-IMMO?
- CS-IMMO is a private limited company (BV).
- When was CS-IMMO founded?
- CS-IMMO was founded on 05-06-2020.
- Is CS-IMMO still active?
- Yes, CS-IMMO is an active enterprise in the KBO register.
- What is the turnover of CS-IMMO?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €175,093 and 49 comparable companies (NACE 681). It probably lies between €230,000 and €580,000.Financials
- Is CS-IMMO profitable?
- In financial year 2025, CS-IMMO made a profit of €74,960.
- Where can I find the annual accounts of CS-IMMO?
- CS-IMMO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CS-IMMO due?
- CS-IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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