CS Nivelles
Judicial reorganisationThe file of CS Nivelles contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show negative equity (€-109k) and a net result of €-91k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 14056 sector peers (fiscal year 2025).
Checked score
Score 2025
14
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency0▼-22
Growth52=
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity short (current ratio 0.64 against 0.91 in 2024; short-term debt: 141% and cash: 53.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-109k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
42 d late
2023
13 d late
2022
26 d early
2021
30 d late
2020
19 d late
2019
4 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€-109k▼ 513%
2024 · €-18k
2018: €-207k
2019: €-249k
2020: €-249k
2021: €40k
2022: €63k
2023: €40k
2024: €-18k
2018 → 2025
Total assets
€266k▼ 50.1%
2024 · €533k
2018: €233k
2019: €197k
2020: €165k
2021: €131k
2022: €349k
2023: €269k
2024: €533k
2018 → 2025
Net result
€-91k▼ 58.2%
2024 · €-58k
2018: €-22k
2019: €-42k
2020: €-42k
2021: €272k
2022: €24k
2023: €-24k
2024: €-58k
2018 → 2025
Working capital
€-136k▼ 171%
2024 · €-50k
2018: €-276k
2019: €-292k
2020: €-324k
2021: €-32k
2022: €-22k
2023: €10k
2024: €-50k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€63k▲ 59.0%€40k▼ 37.1%€-18k€-109k▼ 513%
Operating result€276k-€32k▼ 88.6%€-19k€-51k▼ 174%€-85k▼ 66.5%
Net result€272k-€24k▼ 91.3%€-24k€-58k▼ 145%€-91k▼ 58.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €85k in 2025 against €51k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266k
Fixed assets
€27k▼ 16.3%
Current assets
€239k▼ 52.3%
Key figures and ratios
EBITDA
€-77k▼
2024 · €-48k
Cash flow
€-83k▼
2024 · €-54k
Solvency
-41.0%▼
2024 · -3.3%
Current ratio
0.64▼
2024 · 0.91
Quick ratio
0.64▼
2024 · 0.91
Debt / equity
-3.44▲
2024 · -30.97
ROA
-34.3%▼
2024 · -10.8%
Interest coverage
-12.54▼
2024 · -7.35
Debt
€375k▼
2024 · €551k
Debt ≤ 1 year
€375k▼
2024 · €551k
Staff costs
€74k▲
2024 · €74k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€533k€266k▼
Fixed assets21/28€33k€27k▼
Tangible fixed assets22/27€31k€26k▼
Land and buildings22€13k€12k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€14k€8k▼
Other tangible fixed assets26€3k€3k▼
Financial fixed assets28€1k€1k=
Current assets29/58€501k€239k▼
Amounts receivable within one year40/41€251k€92k▼
Trade receivables40€249k€90k▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€242k€142k▼
Deferred charges and accrued income490/1€8k€5k▼
Equity and liabilities
Total equity and liabilities10/49€533k€266k▼
Equity10/15€-18k€-109k▼
Contributions10/11€9k€9k=
Reserves13€227k€227k=
Tax-exempt reserves132€226k€226k=
Distributable reserves133€884€884=
Profit (loss) carried forward14€-254k€-345k▼
Amounts payable17/49€551k€375k▼
Amounts payable within one year42/48€551k€375k▼
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€100k€70k▼
Suppliers440/4€100k€70k▼
Advances received on contracts in progress46€403k€206k▼
Taxes, remuneration and social security45€16k€34k▲
Taxes450/3€9k€18k▲
Remuneration and social security454/9€7k€17k▲
Other amounts payable47/48€32k€44k▲
Income statement
Code20242025
Non-recurring operating income76A€0€3k▲
Remuneration, social security and pensions62€74k€74k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€8k▲
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€33k€2k▼
Operating profit (loss)9901€-51k€-85k▼
Financial income75/76B€5€48▲
Recurring financial income75€5€48▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€-58k€-91k▼
Profit (loss) for the period9904€-58k€-91k▼
Profit (loss) for the period to be appropriated9905€-58k€-91k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-254k€-345k▼
Profit (loss) brought forward from the previous period14P€-196k€-254k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet €-91k
Net result drops to €-91k, the lowest in the series.
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 42 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
05-07
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
31-12
Financial
Back to profitnet €272k
Net result €272k after 3 loss-making years.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
27-10
Judicial reorganisation
Opening
Tribunal de l’entreprise du Brabant wallon · collectif · event 19-10-2020
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 227 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
SignalFinancial 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, Nivelles · 2 establishment units since 2006
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.
Place Emile-de-Lalieux 11400 NivellesGround area
525 m²
Building footprint
193 m²
Volume, LiDAR
1,737 m³
2 parcels, Wallonia · tallest building 12.8 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
CAP SUD NIVELLES
since 20062.157.901.194
CS NIVELLES
since 20242.370.560.729
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0218/00B000 | Wallonia | 367 m² | 1 · 66 m² | 12.8 m · 4 fl. |
| 25112L0279/00E000 | Wallonia | 158 m² | 1 · 126 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,672 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-2006
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesPhone:067/79.44.44
Fax:067/55.65.96