CS2L
ActiveSummary
CS2L has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €54,784 and a net result of €61,010. Equity is growing by ~473.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+10
Solvency28▲+4
Growth78▲+20
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 9.02 against 31.81 in 2023; short-term debt: 11.1% and cash: 1.3% of total assets), but 96.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 19356 sector peers (2024).
NBB · sector comparisonPosition among 19356 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
37 d late
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#8 company by total assets in Dinant, Real estate sector
Equity
€54,784
2023 · -€6,226
Total assets
€1.7m▲ 257%
2023 · €484,056
Net result
€61,010
2023 · -€2,098
Working capital
€1.5m▲ 228%
2023 · €468,839
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
Line202220232024
Operating result-€5,072--€2,056▲ 59.5%€80,541
Net result-€5,128--€2,098▲ 59.1%€61,010
Equity-€4,128--€6,226▼ 50.8%€54,784
Total assets€115,541-€484,056▲ 319%€1.7m▲ 257%
Debt€119,669-€490,282▲ 310%€1.7m▲ 241%
Working capital€97,872-€468,839▲ 379%€1.5m▲ 228%
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 2024: €80,541 after a loss of €2,056 in 2023, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €1.7m
Equity
€54,784
Debt
€1.7m
Debt finances 96.8% of the balance-sheet total.
Key figures and ratios
Current ratio
9.02▼
2023 · 31.81
Quick ratio
0.81▲
2023 · 0.62
Debt to equity
30.53▲
2023 · -78.75
ROE
111.4%
ROA
3.5%▲
2023 · -0.4%
Debt ≤ 1 year
€191,451▲
2023 · €15,217
Debt > 1 year
€1.5m▲
2023 · €475,065
Income taxes
€20,370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €150 | - | €367 | - |
| Gross operating margin9900 | -€4,922 | -€2,056 | €80,909 | ▲ 4,036% |
| Operating profit (loss)9901 | -€5,072 | -€2,056 | €80,541 | ▲ 4,018% |
| Financial income75/76B | - | - | €985 | - |
| Recurring financial income75 | - | - | €985 | - |
| Financial charges65/66B | €57 | €42 | €147 | ▲ 249% |
| Recurring financial charges65 | €57 | €42 | €147 | ▲ 249% |
| Profit (loss) for the period before taxes9903 | -€5,128 | -€2,098 | €81,380 | ▲ 3,980% |
| Income taxes67/77 | - | - | €20,370 | - |
| Profit (loss) for the period9904 | -€5,128 | -€2,098 | €61,010 | ▲ 3,009% |
| Profit (loss) for the period to be appropriated9905 | -€5,128 | -€2,098 | €61,010 | ▲ 3,009% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €115,541 | €484,056 | €1.7m | ▲ 257% |
| Current assets29/58 | €115,541 | €484,056 | €1.7m | ▲ 257% |
| Stocks and contracts in progress3 | €110,770 | €474,627 | €1.6m | ▲ 231% |
| Stocks30/36 | €110,770 | €474,627 | €1.6m | ▲ 231% |
| Amounts receivable within one year40/41 | €504 | €3,608 | €131,519 | ▲ 3,546% |
| Trade receivables40 | - | €1,867 | €126,037 | ▲ 6,650% |
| Other amounts receivable41 | €504 | €1,740 | €5,483 | ▲ 215% |
| Cash at bank and in hand54/58 | €4,267 | €5,821 | €23,018 | ▲ 295% |
| Deferred charges and accrued income490/1 | - | - | €1,030 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €115,541 | €484,056 | €1.7m | ▲ 257% |
| Equity10/15 | -€4,128 | -€6,226 | €54,784 | ▲ 980% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Reserves13 | - | - | €53,700 | - |
| Distributable reserves133 | - | - | €53,700 | - |
| Profit (loss) carried forward14 | -€5,128 | -€7,226 | €84 | ▲ 101% |
| Amounts payable17/49 | €119,669 | €490,282 | €1.7m | ▲ 241% |
| Amounts payable after more than one year17 | €102,000 | €475,065 | €1.5m | ▲ 212% |
| Financial debts170/4 | €102,000 | €475,065 | €1.5m | ▲ 212% |
| Amounts payable within one year42/48 | €17,669 | €15,217 | €191,451 | ▲ 1,158% |
| Trade debts44 | €15,633 | €13,181 | €170,323 | ▲ 1,192% |
| Suppliers440/4 | €15,633 | €13,181 | €170,323 | ▲ 1,192% |
| Taxes, remuneration and social security45 | - | - | €20,428 | - |
| Taxes450/3 | - | - | €20,428 | - |
| Other amounts payable47/48 | €2,036 | €2,036 | €700 | ▼ 65.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,128 | -€2,098 | €61,010 | ▲ 3,009% |
| Operating cash flow (approximation) | -€5,128 | -€2,098 | €61,010 | ▲ 3,009% |
| Change in cash | - | €1,554 | €17,197 | ▲ 1,006% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €61,010
Net result €61,010 after 2 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 37 days late
2023
31-12
Financial
Liquidity times 5current ratio 31.81
Current ratio from 6.54 to 31.81; short-term debt falls from €17,669 to €15,217.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dinant · 1 establishment unit since 2021
Ground area
9,774 m²
Building footprint
20 m²
Volume, LiDAR
107 m³
Parcel 91081C0206/00M000, Wallonia · tallest building 13.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CS2L
since 20212.371.039.987
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91081C0206/00M000 | Wallonia | 9,774 m² | 1 · 20 m² | 13.8 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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ID Vastgoed
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,385. 5,074 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
Founded01-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.