Equity
-€73,806
Debts exceed assets in financial year 2025.
CS Project
Lifetime
8 annual accounts with figures on one time axispeak -€1,782 (2019)
-€8,816▼ €3,908
lowest -€35,340 (2023)
-€17,691▼ €9,556
peak €5,818 (2018)
-€73,806▼ €17,691
€427,486▲ 615%
Board3 names since 2021
1 directorL.I.G. BV
Owners
97.5%L.I.G.
Documentsfilings and deeds
26-08-202626 days late
2025abbreviated format
Gross margin from -€4,908 to -€8,816Loss of €17,691Equity from -€56,115 to -€73,806Debts from €59,825 to €427,486Cash from €3,710 to €44,739
Key points
from the 2025 annual accountsLosses
-€93,806 in eight years
Every financial year from 2018 to 2025 closed with a loss. 2023 was the heaviest.
Debts
€427,486 121% of the balance sheet
Financial debts 50%Suppliers 33%Other 17%
€212,329 of the debts are secured on the company's own assets. In 2021 that was €514,737.
Filings
8 annual accounts 2 late
The 2025 accounts came latest: 26 days after the end of the period.
At the same address
5 companies
Position in the sector
-€73,806
Less equity than 95% of companies in construction of buildings. Sector median €194,692 · 2,816 companies.
Turnover not published (abbreviated format)
Checked score
53
Fair
Financially stronger than 21% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%highest value
01-2025: 3.3%▼ -0.1 percentage points vs 12-2024
02-2025: 3.3%● unchanged vs 01-2025
03-2025: 3.3%● unchanged vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 2.9%▼ -0.4 percentage points vs 04-2025
06-2025: 2.8%▼ -0.1 percentage points vs 05-2025
07-2025: 3.0%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▼ -1.6 percentage points vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.3%▼ -0.1 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.2%▼ -0.1 percentage points vs 03-2026
05-2026: 1.1%▼ -0.1 percentage points vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026lowest value
07-2026: 1.2%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026
09-2026: 1.6%▼ -0.1 percentage points vs 08-2026
10-2026: 1.6%● unchanged vs 09-2026
11-2026: 1.6%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Negative equity -€73,806
Loss of €17,691, the second in a row (financial year 2025)
lowers risk
Size: total assets €353,680
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 41, micro). It does better than 7% of them on solvency, 44% on liquidity, 18% on profitability and 15% 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 moderate class on 30-06-2025, 2.4% 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, 1,564 companies had the same profile as CS Project has now. Each dot stands for 4 companies, two years later.
88.9%
were still trading
5.4%
stopped another way
5.1%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CS Project itself: 1.6% 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 1,564 companies, not a prediction for CS Project. 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
No credit on open account
Liquidity is ample, with a current ratio of 2.35, above the usual 1.5. Short-term debt is 42.6% and cash 12.6% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€73,806
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
26 days late
2024
22 days early
2023
69 days early
2022
32 days early
2021
25 days late
2020
30 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 9 July (4 of the last 5 accounts filed within 47 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
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0681911879
New director
Steven Leten appointed, L.I.G. resigned · Permanent representative: Steven Leten · Gazette deed
Incorporation
published on 03-10-2017 · Gazette deed
First establishment
Bellekensstraat 30, Mol
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CS Project Mol | €353,680 | -€8,816 | -20.9% | - |
| LELAND Zandhoven | €347,410 | -€30,545 | 36.9% | - |
| DREAM QUADRANT TEAM Sint-Gillis (bij-Brussel) | €342,666 | €94 | 7.2% | - |
| WIMO CONSTRUCT Diksmuide | €362,073 | -€3,392 | 73.7% | - |
| Senes Construct Waregem | €330,756 | -€60,279 | -209.3% | - |
| RY Trading Dilbeek | €401,016 | -€57,757 | -4.7% | - |
| A&K BOUW Ghent | €309,837 | -€27,515 | -44.0% | 2 |
These companies have the same main activity as CS Project: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €310,000 and €401,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 29-09-2017Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 2 others
- Establishment unit
- 2.268.860.4842400 Mol, since 29-09-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Insights on CS Project
CS Project files the abbreviated format. That format states no turnover. The gross margin rose from -€13,004 in 2018 to -€8,816 in 2025.
L.I.G. holds 97.5% of the shares.
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 Project
- What is the company number of CS Project?
- The company number of CS Project is 0681.911.879. The VAT number is the same number with BE in front: BE 0681.911.879.
- Where is CS Project based?
- The registered office is at Bellekensstraat 30, 2400 Mol.Company details
- What does CS Project do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CS Project?
- CS Project is a private limited company (BV).
- When was CS Project founded?
- CS Project was founded on 29-09-2017.
- Is CS Project still active?
- Yes, CS Project is an active enterprise in the KBO register.
- What is the turnover of CS Project?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is CS Project profitable?
- In financial year 2025, CS Project made a loss of €17,691.
- Where can I find the annual accounts of CS Project?
- CS Project filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CS Project due?
- CS Project must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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