CS Tech
ActiveSummary
CS Tech has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+37
Solvency44=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.37 in 2024; short-term debt: 28.8% of total assets), but 80.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
19.4%
Return on assets
2.7%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 21%
← weakest
strongest →
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 · 8 filingsDeviation from the deadline
2025
7 d early
2024
20 d early
2023
6 d early
2022
45 d early
2021
30 d early
2020
10 d late
2019
11 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€67k▲ 15.9%
2024 · €57k
Total assets
€343k▲ 13.7%
2024 · €302k
Net result
€9k
2024 · €-58k
Working capital
€114k▲ 146%
2024 · €46k
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€-65k▼ 108%€73k€133k▲ 82.0%€-54k€22k
Net result€-67k▼ 109%€72k€105k▲ 45.2%€-58k€9k
Equity€-61k€11k€116k▲ 947%€57k▼ 50.3%€67k▲ 15.9%
Total assets€32k▼ 65.8%€299k▲ 844%€294k▼ 1.8%€302k▲ 2.9%€343k▲ 13.7%
Debt€93k▲ 6.5%€288k▲ 211%€178k▼ 38.2%€245k▲ 37.5%€277k▲ 13.2%
Working capital€-42k€18k€139k▲ 677%€46k▼ 66.7%€114k▲ 146%
Staff (FTE)1=1.7▲ 70.0%1▼ 41.2%1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €22k after a loss of €54k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €343k
Fixed assets
€131k ▼ 0.2%
Current assets
€212k ▲ 24.3%
Equity and liabilities €343k
Equity
€67k ▲ 15.9%
Debt
€277k ▲ 13.2%
Debt's share of the balance-sheet total falls from 81.0% to 80.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25k▲
2024 · €-31k
Cash flow
€12k▲
2024 · €-35k
Current ratio
2.15▲
2024 · 1.37
Quick ratio
1.15▲
2024 · 0.83
Debt to equity
4.16▼
2024 · 4.26
ROE
13.8%▲
2024 · -101.3%
ROA
2.7%▲
2024 · -19.2%
Interest coverage
1.82▲
2024 · -5.96
Debt ≤ 1 year
€99k▼
2024 · €125k
Debt > 1 year
€167k▲
2024 · €105k
Staff costs
€25k▼
2024 · €50k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | - | - | - |
| Remuneration, social security and pensions62 | €40k | €49k | €47k | €50k | €25k | ▼ 50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €917 | €2k | €2k | €23k | €3k | ▼ 88.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €22k | €-6k | €-3k | ▲ 52.6% |
| Other operating charges640/8 | €619 | €358 | €497 | €801 | €1k | ▲ 68.0% |
| Non-recurring operating charges66A | - | - | €25k | - | - | - |
| Gross operating margin9900 | €-24k | €124k | €230k | €14k | €48k | ▲ 238% |
| Operating profit (loss)9901 | €-65k | €73k | €133k | €-54k | €22k | ▲ 141% |
| Financial income75/76B | - | €160 | €1k | €939 | €795 | ▼ 15.3% |
| Recurring financial income75 | - | €160 | €1k | €939 | €795 | ▼ 15.3% |
| Financial charges65/66B | €1k | €1k | €2k | €5k | €14k | ▲ 165% |
| Recurring financial charges65 | €1k | €1k | €2k | €5k | €14k | ▲ 165% |
| Profit (loss) for the period before taxes9903 | €-67k | €72k | €132k | €-58k | €9k | ▲ 116% |
| Income taxes67/77 | - | - | €28k | - | - | - |
| Profit (loss) for the period9904 | €-67k | €72k | €105k | €-58k | €9k | ▲ 116% |
| Profit (loss) for the period to be appropriated9905 | €-67k | €72k | €105k | €-58k | €9k | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32k | €299k | €294k | €302k | €343k | ▲ 13.7% |
| Fixed assets21/28 | €1k | €9k | €7k | €131k | €131k | ▼ 0.2% |
| Tangible fixed assets22/27 | €1k | €9k | €7k | €125k | €124k | ▼ 0.2% |
| Land and buildings22 | - | - | - | €119k | €122k | ▲ 2.0% |
| Plant, machinery and equipment23 | €1k | €7k | €5k | €5k | €2k | ▼ 50.1% |
| Furniture and vehicles24 | - | €1k | €1k | €816 | €511 | ▼ 37.4% |
| Financial fixed assets28 | - | - | - | €7k | €7k | = |
| Current assets29/58 | €30k | €290k | €287k | €171k | €212k | ▲ 24.3% |
| Stocks and contracts in progress3 | - | €84k | €118k | €67k | €99k | ▲ 46.4% |
| Stocks30/36 | - | €84k | €95k | €67k | €61k | ▼ 10.1% |
| Contracts in progress37 | - | - | €22k | - | €38k | - |
| Amounts receivable within one year40/41 | €16k | €146k | €160k | €82k | €63k | ▼ 23.2% |
| Trade receivables40 | €5k | €105k | €134k | €56k | €33k | ▼ 42.0% |
| Other amounts receivable41 | €10k | €41k | €26k | €26k | €31k | ▲ 17.0% |
| Current investments50/53 | €2 | €26k | €3 | €0 | €34k | ▲ 14,242,813% |
| Cash at bank and in hand54/58 | €13k | €33k | €6k | - | - | - |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €21k | €16k | ▼ 22.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32k | €299k | €294k | €302k | €343k | ▲ 13.7% |
| Equity10/15 | €-61k | €11k | €116k | €57k | €67k | ▲ 15.9% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €8k | €8k | €86k | €86k | €86k | = |
| Non-distributable reserves130/1 | €500 | €500 | - | - | - | - |
| Reserves not available under the articles1311 | €500 | €500 | - | - | - | - |
| Distributable reserves133 | €7k | €7k | €86k | €86k | €86k | = |
| Profit (loss) carried forward14 | €-98k | €-26k | €69 | €-58k | €-49k | ▲ 15.8% |
| Amounts payable17/49 | €93k | €288k | €178k | €245k | €277k | ▲ 13.2% |
| Amounts payable after more than one year17 | €21k | €16k | €10k | €105k | €167k | ▲ 58.9% |
| Financial debts170/4 | €21k | €16k | €10k | €105k | €167k | ▲ 58.9% |
| Amounts payable within one year42/48 | €72k | €272k | €148k | €125k | €99k | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €5k | €10k | €13k | ▲ 27.7% |
| Financial debts43 | - | - | - | €27k | €48k | ▲ 79.0% |
| Credit institutions430/8 | - | - | - | €27k | €48k | ▲ 79.0% |
| Trade debts44 | €37k | €114k | €87k | €53k | €35k | ▼ 35.1% |
| Suppliers440/4 | €37k | €114k | €87k | €53k | €35k | ▼ 35.1% |
| Advances received on contracts in progress46 | €17k | €150k | €23k | - | - | - |
| Taxes, remuneration and social security45 | €3k | €3k | €33k | €33k | €2k | ▼ 94.6% |
| Taxes450/3 | - | - | €28k | €28k | - | - |
| Remuneration and social security454/9 | €3k | €3k | €5k | €5k | €2k | ▼ 66.1% |
| Other amounts payable47/48 | €9k | €66 | €376 | €1k | €1k | ▲ 31.1% |
| Accrued charges and deferred income492/3 | - | - | €19k | €15k | €11k | ▼ 26.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-67k | €72k | €105k | €-58k | €9k | ▲ 116% |
| + Depreciation and write-downs630 | €917 | €2k | €2k | €23k | €3k | ▼ 88.1% |
| Operating cash flow (approximation) | €-66k | €74k | €107k | €-35k | €12k | ▲ 134% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €-148k | €-3k | ▲ 98.3% |
| Change in cash | - | €20k | €-26k | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €105k ▲45.2%
Operating result €133k, net result €105k, both a record.
31-12
Financial
Equity above €100kEq €116k ▲947%
2 profitable years in a row build equity to €116k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €72k
Net result €72k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.07
Current ratio from 0.42 to 1.07.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-67k
Net result drops to €-67k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Neupré · 1 establishment unit since 2018
Ground area
2,860 m²
Building footprint
242 m²
Volume, LiDAR
1,435 m³
Parcel 62081A0220/00F000, Wallonia · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CS Tech
since 20182.273.411.269
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62081A0220/00F000 | Wallonia | 2,860 m² | 1 · 242 m² | 15.8 m · 2 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 4,094 companies in sector 43240 we hold annual accounts for 1,634. 1,362 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
Founded02-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
68121Development of residential building projects
68122Development of non-residential building projects
42220Construction of utility projects for electricity and telecommunications
Contact
Website
www.cstech.be
Scores and ratios are computed by Checked and are not a credit decision.