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CS Topco

Active Risk: not assessed
Private limited companyfounded 20232 yrs activeStarrenhoflaan 15, 2950 Kapellen, BelgiumKBO/BCE: BE 1003.053.145
Summary

CS Topco is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €23.3m and a net result of €2.3m. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2023, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 16-06-2026, 45 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
45 d early
2024
29 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 December 2023, CS Topco was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2024, full schema

Equity
€23.3m
Net result
€2.3m
Total assets
€36.0m
Solvency
64.7%
Balance-sheet composition
Assets €36.0m
Fixed assets €34.3m
Current assets €1.7m
Equity and liabilities €36.0m
Equity €23.3m
Debt €12.7m
Debt finances 35.3% of the balance-sheet total.
Key figures and ratios
2024 value
ROE
9.8%
ROA
6.4%
Debt ≤ 1 year
€1.4m
Debt > 1 year
€11.3m
Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 47 lines
Balance sheet Code2024
Assets
Total assets20/58€36.0m
Fixed assets21/28€34.3m
Financial fixed assets28€34.3m
Affiliated companies280/1€34.3m
Participating interests280€34.3m
Current assets29/58€1.7m
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€860,534
Trade receivables40€60,534
Other amounts receivable41€800,000
Cash at bank and in hand54/58€815,384
Equity and liabilities
Total equity and liabilities10/49€36.0m
Equity10/15€23.3m
Contributions10/11€21.0m
Reserves13€2.3m
Distributable reserves133€2.3m
Amounts payable17/49€12.7m
Amounts payable after more than one year17€11.3m
Financial debts170/4€11.3m
Credit institutions173€11.3m
Amounts payable within one year42/48€1.4m
Current portion of amounts payable after more than one year42€1.3m
Trade debts44€2,399
Suppliers440/4€2,399
Taxes, remuneration and social security45€19,535
Taxes450/3€19,535
Income statement Code2024
Operating income70/76A€508,618
Turnover70€508,618
Operating charges60/66A€362,992
Services and other goods61€362,874
Other operating charges640/8€118
Operating profit (loss)9901€145,626
Financial income75/76B€2.8m
Recurring financial income75€2.8m
Income from financial fixed assets750€2.8m
Income from current assets751€32,366
Other financial income752/9€12
Financial charges65/66B€640,686
Recurring financial charges65€640,686
Debt charges650€632,686
Other financial charges652/9€7,999
Profit (loss) for the period before taxes9903€2.3m
Profit (loss) for the period9904€2.3m
Profit (loss) for the period to be appropriated9905€2.3m
Appropriation of the result
Profit (loss) to be appropriated9906€2.3m
Transfer to equity691/2€2.3m
To other reserves6921€2.3m

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Operating income70/76A€508,618
Turnover70€508,618
Operating charges60/66A€362,992
Services and other goods61€362,874
Other operating charges640/8€118
Operating profit (loss)9901€145,626
Financial income75/76B€2.8m
Recurring financial income75€2.8m
Income from financial fixed assets750€2.8m
Income from current assets751€32,366
Other financial income752/9€12
Financial charges65/66B€640,686
Recurring financial charges65€640,686
Debt charges650€632,686
Other financial charges652/9€7,999
Profit (loss) for the period before taxes9903€2.3m
Profit (loss) for the period9904€2.3m
Profit (loss) for the period to be appropriated9905€2.3m
Line2024
Assets
Total assets20/58€36.0m
Fixed assets21/28€34.3m
Financial fixed assets28€34.3m
Affiliated companies280/1€34.3m
Participating interests280€34.3m
Current assets29/58€1.7m
Stocks and contracts in progress3€0
Amounts receivable within one year40/41€860,534
Trade receivables40€60,534
Other amounts receivable41€800,000
Cash at bank and in hand54/58€815,384
Equity and liabilities
Total equity and liabilities10/49€36.0m
Equity10/15€23.3m
Contributions10/11€21.0m
Reserves13€2.3m
Distributable reserves133€2.3m
Amounts payable17/49€12.7m
Amounts payable after more than one year17€11.3m
Financial debts170/4€11.3m
Credit institutions173€11.3m
Amounts payable within one year42/48€1.4m
Current portion of amounts payable after more than one year42€1.3m
Trade debts44€2,399
Suppliers440/4€2,399
Taxes, remuneration and social security45€19,535
Taxes450/3€19,535
Line2024
Profit (loss) for the period9904€2.3m
Operating cash flow (approximation)€2.3m

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
16-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
02-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
NBB filing
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, Kapellen · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
9,998 m²
Building footprint
3,699 m²
Volume, LiDAR
24,731 m³
Parcel 11023C0181/00H000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
CS Topco
Starrenhoflaan 15, 2950 KapellenHoldings
since 20232.354.538.507
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11023C0181/00H000 Flanders 9,998 m² 1 · 3,698 m² 7.6 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.

Structure & network

Owners and holdings

1 owner · 1 holding · 3 subsidiaries in the tree

Owners 1

Holdings 1

All subsidiaries, including indirect ones 3

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of CS Topco and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Recognitions · licences · registrations

Legal Entity Identifier

699400THWRPJ47O5B407
live in the LEI register

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 4,003 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
Founded06-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003053145
Registered 16-01-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.