CS PROJECTS
ActiveCS PROJECTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.48M and a net result of €242k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 57% of 7912 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
90
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency86▼-7
Growth52=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.79 in 2024), and 49.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.9%
Return on assets
8.3%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
17 d early
2023
7 d early
2022
7 d early
2021
2 d early
2020
30 d early
2019
on the day
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.48M▼ 9.3%
2024 · €1.63M
2018: €1.34M
2019: €1.61M
2020: €1.73M
2021: €1.76M
2022: €1.66M
2023: €1.65M
2024: €1.63M
2018 → 2025
Total assets
€2.90M▲ 2.3%
2024 · €2.84M
2018: €1.85M
2019: €2.08M
2020: €2.43M
2021: €2.24M
2022: €2.62M
2023: €2.68M
2024: €2.84M
2018 → 2025
Net result
€242k▼ 28.6%
2024 · €338k
2018: €375k
2019: €382k
2020: €451k
2021: €529k
2022: €452k
2023: €360k
2024: €338k
2018 → 2025
Working capital
€765k▼ 14.4%
2024 · €894k
2018: €780k
2019: €1.07M
2020: €1.20M
2021: €1.19M
2022: €977k
2023: €948k
2024: €894k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.76M-€1.66M▼ 5.9%€1.65M▼ 0.4%€1.63M▼ 1.5%€1.48M▼ 9.3%
Operating result€721k-€595k▼ 17.4%€465k▼ 21.8%€474k▲ 1.8%€360k▼ 23.9%
Net result€529k-€452k▼ 14.5%€360k▼ 20.5%€338k▼ 5.9%€242k▼ 28.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.90M
Fixed assets
€758k▼ 5.6%
Current assets
€2.14M▲ 5.5%
Equity and liabilities €2.90M
Equity
€1.48M▼ 9.3%
Debt
€1.43M▲ 18.1%
The debt ratio rises from 42.6% to 49.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€436k▼
2024 · €543k
Cash flow
€317k▼
2024 · €408k
Solvency
50.9%▼
2024 · 57.4%
Current ratio
1.55▼
2024 · 1.79
Quick ratio
1.45▼
2024 · 1.63
Debt / equity
0.96▲
2024 · 0.74
ROE
16.4%▼
2024 · 20.8%
ROA
8.3%▼
2024 · 11.9%
Interest coverage
6.11▼
2024 · 8.35
Debt
€1.43M▲
2024 · €1.21M
Debt ≤ 1 year
€1.38M▲
2024 · €1.14M
Debt > 1 year
€8k▼
2024 · €39k
Income taxes
€98k▼
2024 · €129k
Staff costs
€72k▼
2024 · €93k
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€2.84M€2.90M▲
Fixed assets21/28€803k€758k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€803k€758k▼
Land and buildings22€405k€390k▼
Plant, machinery and equipment23€29k€35k▲
Furniture and vehicles24€114k€78k▼
Other tangible fixed assets26€255k€255k=
Current assets29/58€2.03M€2.14M▲
Stocks and contracts in progress3€179k€149k▼
Stocks30/36€179k€149k▼
Amounts receivable within one year40/41€1.60M€1.60M▼
Trade receivables40€113k€78k▼
Other amounts receivable41€1.49M€1.52M▲
Current investments50/53€0-
Cash at bank and in hand54/58€245k€393k▲
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€2.84M€2.90M▲
Equity10/15€1.63M€1.48M▼
Contributions10/11€19k€19k=
Reserves13€1.61M€1.46M▼
Tax-exempt reserves132€931€931=
Distributable reserves133€1.61M€1.46M▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.21M€1.43M▲
Amounts payable after more than one year17€39k€8k▼
Financial debts170/4€39k€8k▼
Amounts payable within one year42/48€1.14M€1.38M▲
Current portion of amounts payable after more than one year42€77k€31k▼
Trade debts44€19k€8k▼
Suppliers440/4€19k€8k▼
Taxes, remuneration and social security45€52k€51k▼
Taxes450/3€43k€42k▼
Remuneration and social security454/9€9k€9k▼
Other amounts payable47/48€991k€1.29M▲
Accrued charges and deferred income492/3€29k€38k▲
Income statement
Code20242025
Remuneration, social security and pensions62€93k€72k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€69k€75k▲
Other operating charges640/8€9k€9k▲
Non-recurring operating charges66A€7k€0▼
Gross operating margin9900€652k€517k▼
Operating profit (loss)9901€474k€360k▼
Financial income75/76B€59k€51k▼
Recurring financial income75€59k€51k▼
Financial charges65/66B€65k€71k▲
Recurring financial charges65€65k€71k▲
Profit (loss) for the period before taxes9903€467k€340k▼
Income taxes67/77€129k€98k▼
Profit (loss) for the period9904€338k€242k▼
Profit (loss) for the period to be appropriated9905€338k€242k▼
Appropriation of the result
Profit (loss) to be appropriated9906€338k€242k▼
Transfer from equity791/2€270k€325k▲
Transfer to equity691/2€245k€174k▼
To other reserves6921€245k€174k▼
Profit to be distributed694/7€364k€393k▲
Return on contributions (dividend)694€270k€325k▲
Directors or managers695€93k€68k▼
Social balance
Average headcount (FTE)90871.31.0▼
The notes to these accounts (24 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €242k ▼28.6%
Net result drops to €242k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €529k ▲17.4%
Operating result €721k, net result €529k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Lokeren · 1 establishment unit 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.
Hillarestraat 879160 LokerenGround area
8,126 m²
Building footprint
253 m²
Volume, LiDAR
892 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CS PROJECTS
since 20062.154.884.197
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C0959/00F002 | Flanders | 6,024 m² | 1 · 137 m² | 8.6 m · 2 fl. |
| 46384C0957/00R000 | Flanders | 2,102 m² | 1 · 116 m² | - |
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.
Similar companies · same sector, comparable size
VANHOUTTE - HEYNDRICKX
BE 0417.592.225
Pittem · Eq €1.48M
POBENCO
BE 0449.476.521
Florenville · Eq €1.47M
FASSI.BE
BE 0885.856.557
Fleurus · Eq €1.46M
DV SPECIAL MACHINES
BE 0450.164.825
Sint-Martens-Latem · Eq €1.50M
OUTIMAT - DRILFIX
BE 0400.100.650
Gent · Eq €1.45M
Of 824 companies in sector 46620 we hold annual accounts for 639. 493 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-05-2006
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.