CS Solutions
ActiveSummary
CS Solutions has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €606k and a net result of €105k. Equity is growing by ~24.2% per year across the filed fiscal years. Its solvency ranks better than 42% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+1
Solvency61▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 1.91 against 1.46 in 2024; short-term debt: 41.2% and cash: 5.7% of total assets), but 63.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
36.4%
Return on assets
6.3%
Age of the figures
12 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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-06-2026, 59 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
59 d late
2024
on the day
2023
15 d late
2022
31 d late
2021
30 d late
2020
on the day
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€606k▲ 21.0%
2024 · €501k
Total assets
€1.66M▲ 32.3%
2024 · €1.26M
Net result
€105k▲ 52.8%
2024 · €69k
Working capital
€623k▲ 121%
2024 · €282k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€166k▲ 262%€64k▼ 61.4%€175k▲ 173%€114k▼ 34.7%€177k▲ 54.7%
Net result€130k▲ 244%€32k▼ 75.4%€104k▲ 227%€69k▼ 34.0%€105k▲ 52.8%
Equity€295k▲ 78.3%€327k▲ 10.8%€432k▲ 31.9%€501k▲ 16.0%€606k▲ 21.0%
Total assets€1.12M▲ 67.5%€1.11M▼ 1.2%€1.16M▲ 4.9%€1.26M▲ 8.0%€1.66M▲ 32.3%
Debt€826k▲ 63.9%€781k▼ 5.4%€731k▼ 6.4%€756k▲ 3.4%€1.06M▲ 39.8%
Working capital€-19k▼ 115%€69k€208k▲ 203%€282k▲ 35.7%€623k▲ 121%
Staff (FTE)0.91▲ 11.1%0▼ 100%00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.66M
Fixed assets
€355k ▼ 2.4%
Current assets
€1.31M ▲ 46.5%
Equity and liabilities €1.66M
Equity
€606k ▲ 21.0%
Debt
€1.06M ▲ 39.8%
Debt's share of the balance-sheet total rises from 60.2% to 63.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€258k▲
2024 · €243k
Cash flow
€186k▼
2024 · €198k
Current ratio
1.91▲
2024 · 1.46
Quick ratio
1.02▲
2024 · 0.81
Debt to equity
1.74▲
2024 · 1.51
ROE
17.4%▲
2024 · 13.8%
ROA
6.3%▲
2024 · 5.5%
Interest coverage
9.44▼
2024 · 15.59
Debt ≤ 1 year
€685k▲
2024 · €610k
Debt > 1 year
€372k▲
2024 · €146k
Income taxes
€45k▲
2024 · €30k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33k | €43k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58k | €159k | €170k | €129k | €81k | ▼ 37.0% |
| Other operating charges640/8 | €4k | €3k | €1k | €848 | €11k | ▲ 1,246% |
| Non-recurring operating charges66A | €19k | €0 | - | - | - | - |
| Gross operating margin9900 | €282k | €270k | €346k | €244k | €269k | ▲ 10.4% |
| Operating profit (loss)9901 | €166k | €64k | €175k | €114k | €177k | ▲ 54.7% |
| Financial income75/76B | €928 | €846 | €364 | €112 | €867 | ▲ 677% |
| Recurring financial income75 | €928 | €846 | €364 | €112 | €867 | ▲ 677% |
| Financial charges65/66B | €11k | €16k | €20k | €16k | €27k | ▲ 75.3% |
| Recurring financial charges65 | €11k | €16k | €20k | €16k | €27k | ▲ 75.3% |
| Profit (loss) for the period before taxes9903 | €156k | €49k | €156k | €99k | €150k | ▲ 52.2% |
| Income taxes67/77 | €26k | €17k | €51k | €30k | €45k | ▲ 50.6% |
| Profit (loss) for the period9904 | €130k | €32k | €104k | €69k | €105k | ▲ 52.8% |
| Profit (loss) for the period to be appropriated9905 | €130k | €32k | €104k | €69k | €105k | ▲ 52.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.12M | €1.11M | €1.16M | €1.26M | €1.66M | ▲ 32.3% |
| Fixed assets21/28 | €511k | €435k | €358k | €364k | €355k | ▼ 2.4% |
| Tangible fixed assets22/27 | €510k | €434k | €356k | €362k | €354k | ▼ 2.4% |
| Plant, machinery and equipment23 | €432k | €363k | €266k | €247k | €256k | ▲ 3.6% |
| Furniture and vehicles24 | €16k | €16k | €10k | €3k | €66 | ▼ 98.0% |
| Other tangible fixed assets26 | €62k | €54k | €81k | €112k | €98k | ▼ 12.8% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €610k | €673k | €805k | €892k | €1.31M | ▲ 46.5% |
| Stocks and contracts in progress3 | €159k | €163k | €213k | €397k | €606k | ▲ 52.7% |
| Stocks30/36 | €159k | €163k | €213k | €397k | €606k | ▲ 52.7% |
| Amounts receivable within one year40/41 | €440k | €479k | €544k | €436k | €572k | ▲ 31.1% |
| Trade receivables40 | €366k | €377k | €455k | €347k | €394k | ▲ 13.5% |
| Other amounts receivable41 | €74k | €102k | €88k | €89k | €178k | ▲ 99.2% |
| Cash at bank and in hand54/58 | €3k | €29k | €20k | €54k | €94k | ▲ 76.2% |
| Deferred charges and accrued income490/1 | €9k | €2k | €28k | €6k | €35k | ▲ 530% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.12M | €1.11M | €1.16M | €1.26M | €1.66M | ▲ 32.3% |
| Equity10/15 | €295k | €327k | €432k | €501k | €606k | ▲ 21.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €277k | €309k | €413k | €482k | €587k | ▲ 21.8% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €275k | €307k | €411k | €482k | €587k | ▲ 21.8% |
| Amounts payable17/49 | €826k | €781k | €731k | €756k | €1.06M | ▲ 39.8% |
| Amounts payable after more than one year17 | €197k | €177k | €134k | €146k | €372k | ▲ 155% |
| Financial debts170/4 | €197k | €177k | €134k | €146k | €372k | ▲ 155% |
| Amounts payable within one year42/48 | €629k | €605k | €597k | €610k | €685k | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | €106k | €140k | €134k | €106k | €178k | ▲ 67.7% |
| Financial debts43 | €140k | €165k | €140k | €140k | €140k | = |
| Credit institutions430/8 | €140k | €165k | €140k | €140k | €140k | = |
| Trade debts44 | €300k | €165k | €183k | €269k | €362k | ▲ 34.6% |
| Suppliers440/4 | €300k | €165k | €183k | €269k | €362k | ▲ 34.6% |
| Advances received on contracts in progress46 | €0 | - | €9k | €0 | - | - |
| Taxes, remuneration and social security45 | €26k | €23k | €24k | €9k | €5k | ▼ 43.5% |
| Taxes450/3 | €26k | €23k | €24k | €9k | €5k | ▼ 43.5% |
| Other amounts payable47/48 | €57k | €112k | €107k | €86k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €32k | €104k | €69k | €105k | ▲ 52.8% |
| + Depreciation and write-downs630 | €58k | €159k | €170k | €129k | €81k | ▼ 37.0% |
| Operating cash flow (approximation) | €188k | €191k | €274k | €198k | €186k | ▼ 5.7% |
| Investment in fixed assets (approximation) | - | €-83k | €-92k | €-135k | €-72k | ▲ 46.5% |
| Change in cash | - | €26k | €-9k | €33k | €41k | ▲ 21.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 59 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €500kEq €501k ▲16%
6 profitable years in a row build equity to €501k.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 15 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
Financial
Highest result since 2018net €130k ▲244%
Net result €130k, the highest in the series.
30-09
Financial
Equity above €200kEq €295k ▲78.3%
3 profitable years in a row build equity to €295k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €166k ▲29.5%
2 profitable years in a row build equity to €166k.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
Show earlier events
31-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 15 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Antwerpen · 1 establishment unit since 2011
Ground area
2,157 m²
Building footprint
899 m²
Volume, LiDAR
3,519 m³
Parcel 11007A0211/00X000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CS Solutions
since 20112.196.758.307
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0211/00X000 | Flanders | 2,157 m² | 1 · 899 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,390. 11,104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-03-2011
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
33200Installation of industrial machinery and equipment
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62100Computer programming
95100Repair and maintenance of computers and communication equipment
Contact
E-mail
info@cssolutions.be
Scores and ratios are computed by Checked and are not a credit decision.