CS Montage
ActiveThe computed 12-month bankruptcy probability of CS Montage is 1.6% (moderate). The 2024 annual accounts show equity of €548k and a net result of €211k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 199 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability98▲+14
Solvency85▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.72 in 2023; short-term debt: 38% and cash: 1.9% of total assets), and 40.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← 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 2024Solvency, return and age of the figures
Solvency
59.9%
Return on assets
23%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
43 d early
2022
33 d early
2021
38 d early
2020
32 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€548k▲ 18.6%
2023 · €462k
2020: €211k
2021: €372k
2022: €421k
2023: €462k
2020 → 2024
Total assets
€916k▲ 23.9%
2023 · €739k
2020: €642k
2021: €700k
2022: €734k
2023: €739k
2020 → 2024
Net result
€211k▲ 132%
2023 · €91k
2020: €71k
2021: €161k
2022: €149k
2023: €91k
2020 → 2024
Working capital
€480k▲ 18.9%
2023 · €404k
2020: €100k
2021: €262k
2022: €337k
2023: €404k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€211k-€372k▲ 76.6%€421k▲ 13.3%€462k▲ 9.8%€548k▲ 18.6%
Operating result€95k-€221k▲ 132%€186k▼ 15.5%€102k▼ 45.5%€263k▲ 159%
Net result€71k-€161k▲ 129%€149k▼ 7.4%€91k▼ 39.0%€211k▲ 132%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 159% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €916k
Fixed assets
€88k▼ 12.9%
Current assets
€828k▲ 29.7%
Equity and liabilities €916k
Equity
€548k▲ 18.6%
Debt
€368k▲ 32.7%
The debt ratio rises from 37.5% to 40.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€316k▲
2023 · €165k
Cash flow
€263k▲
2023 · €155k
Solvency
59.9%▼
2023 · 62.5%
Current ratio
2.38▼
2023 · 2.72
Quick ratio
2.38▼
2023 · 2.72
Debt / equity
0.67▲
2023 · 0.60
ROE
38.5%▲
2023 · 19.7%
ROA
23.0%▲
2023 · 12.3%
Interest coverage
96.99▲
2023 · 59.36
Debt
€368k▲
2023 · €277k
Debt ≤ 1 year
€348k▲
2023 · €235k
Debt > 1 year
€20k▼
2023 · €42k
Income taxes
€64k▲
2023 · €15k
Staff costs
€1.64M▲
2023 · €1.64M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€739k€916k▲
Fixed assets21/28€101k€88k▼
Tangible fixed assets22/27€100k€87k▼
Furniture and vehicles24€31k€45k▲
Leasing and similar rights25€69k€42k▼
Financial fixed assets28€500€500=
Current assets29/58€638k€828k▲
Amounts receivable within one year40/41€615k€801k▲
Trade receivables40€165k€181k▲
Other amounts receivable41€450k€620k▲
Cash at bank and in hand54/58€18k€18k▲
Deferred charges and accrued income490/1€6k€9k▲
Equity and liabilities
Total equity and liabilities10/49€739k€916k▲
Equity10/15€462k€548k▲
Contributions10/11€140k€140k=
Reserves13€281k€322k▲
Distributable reserves133€281k€322k▲
Profit (loss) carried forward14€41k€86k▲
Amounts payable17/49€277k€368k▲
Amounts payable after more than one year17€42k€20k▼
Financial debts170/4€42k€20k▼
Amounts payable within one year42/48€235k€348k▲
Current portion of amounts payable after more than one year42€27k€22k▼
Financial debts43€8k€8k▲
Credit institutions430/8€8k€8k▲
Trade debts44€47k€85k▲
Suppliers440/4€47k€85k▲
Taxes, remuneration and social security45€102k€107k▲
Taxes450/3€437€2k▲
Remuneration and social security454/9€101k€105k▲
Other amounts payable47/48€50k€125k▲
Income statement
Code20232024
Remuneration, social security and pensions62€1.64M€1.64M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€52k▼
Other operating charges640/8€12k€14k▲
Gross operating margin9900€1.81M€1.97M▲
Operating profit (loss)9901€102k€263k▲
Financial income75/76B€7k€15k▲
Recurring financial income75€7k€15k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€106k€275k▲
Income taxes67/77€15k€64k▲
Profit (loss) for the period9904€91k€211k▲
Profit (loss) for the period to be appropriated9905€91k€211k▲
Appropriation of the result
Profit (loss) to be appropriated9906€140k€252k▲
Profit (loss) brought forward from the previous period14P€49k€41k▼
Transfer to equity691/2€49k€41k▼
To other reserves6921€49k€41k▼
Profit to be distributed694/7€50k€125k▲
Return on contributions (dividend)694-€100k
Directors or managers695€50k€25k▼
Social balance
Average headcount (FTE)908724.824.7▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2020net €211k ▲132%
Operating result €263k, net result €211k, both a record.
31-12
Financial
Equity above €500kEq €548k ▲18.6%
5 profitable years in a row build equity to €548k.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Oud-Turnhout · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Beyntel 32360 Oud-TurnhoutGround area
3.0 ha
Building footprint
2.3 ha
Volume, LiDAR
79,660 m³
Parcel 13031C0801/00E000, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CS Montage
since 20192.290.533.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13031C0801/00E000 | Flanders | 3.0 ha | 1 · 2.3 ha | 7.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 3,355 EUR awarded · 3,354 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 889 EUR | 942 EUR |
| 2024 | 1 | 470 EUR | 470 EUR |
| 2023 | 1 | 1,862 EUR | 1,808 EUR |
| 2022 | 1 | 134 EUR | 134 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 629 companies in sector 22240 we hold annual accounts for 360. 237 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-06-2019
Fiscal year end31-12
Activities, NACEBEL
22240Manufacture of rubber and plastic products
43320Joinery installation
23150Manufacture of other non-metallic mineral products
23190Manufacture of other non-metallic mineral products
25120Manufacture of fabricated metal products, except machinery and equipment
43343Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.