CSA SOFTWARE SERVICES
ActiveSummary
CSA SOFTWARE SERVICES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €480,338 and a net result of €83,885. Equity is growing by ~44.1% per year across the filed fiscal years. Its solvency ranks better than 82% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-10
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 6.98 against 5.46 in 2023; short-term debt: 14.2% and cash: 64.6% of total assets), and 14.2% 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
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 · 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
85.8%
Return on assets
15%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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
not confirmed
2024
57 d late
2023
7 d late
2022
86 d late
2021
74 d late
2020
87 d late
2019
221 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 89 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€480,338▲ 21.2%
2023 · €396,454
Total assets
€559,833▲ 15.7%
2023 · €483,978
Net result
€83,885▼ 23.7%
2023 · €109,912
Working capital
€475,223▲ 21.7%
2023 · €390,501
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€205,879▲ 1,792%€86,909▼ 57.8%€126,697▲ 45.8%€129,194▲ 2.0%€133,385▲ 3.2%
Net result€151,139above the sector's middle half€57,689above the sector's middle half▼ 61.8%€91,165above the sector's middle half▲ 58.0%€109,912above the sector's middle half▲ 20.6%€83,885above the sector's middle half▼ 23.7%
Equity€137,688within the sector's middle half€195,376above the sector's middle half▲ 41.9%€286,542above the sector's middle half▲ 46.7%€396,454above the sector's middle half▲ 38.4%€480,338above the sector's middle half▲ 21.2%
Total assets€259,065within the sector's middle half▲ 208%€286,286above the sector's middle half▲ 10.5%€365,495above the sector's middle half▲ 27.7%€483,978above the sector's middle half▲ 32.4%€559,833above the sector's middle half▲ 15.7%
Debt€121,377▲ 24.3%€90,910▼ 25.1%€78,953▼ 13.2%€87,524▲ 10.9%€79,495▼ 9.2%
Working capital€162,588above the sector's middle half▲ 1,320%€209,834above the sector's middle half▲ 29.1%€287,979above the sector's middle half▲ 37.2%€390,501above the sector's middle half▲ 35.6%€475,223above the sector's middle half▲ 21.7%
Solvency53.1%within the sector's middle half▲ 69.1pp68.2%within the sector's middle half▲ 15.1pp78.4%within the sector's middle half▲ 10.2pp81.9%above the sector's middle half▲ 3.5pp85.8%above the sector's middle half▲ 3.9pp
Current ratio2.69within the sector's middle half▲ 1.533.75within the sector's middle half▲ 1.065.07above the sector's middle half▲ 1.325.46above the sector's middle half▲ 0.396.98above the sector's middle half▲ 1.52
Return on assets (ROA)58.3%above the sector's middle half▲ 58.8pp20.2%within the sector's middle half▼ 38.2pp24.9%within the sector's middle half▲ 4.8pp22.7%within the sector's middle half▼ 2.2pp15.0%within the sector's middle half▼ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 3% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €559,833
Fixed assets
€5,115 ▼ 14.1%
Current assets
€554,718 ▲ 16.0%
Equity and liabilities €559,833
Equity
€480,338 ▲ 21.2%
Debt
€79,495 ▼ 9.2%
Debt's share of the balance-sheet total falls from 18.1% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€134,222▲
2023 · €130,032
Cash flow
€84,722▼
2023 · €110,749
Debt to equity
0.17▼
2023 · 0.22
ROE
17.5%▼
2023 · 27.7%
Interest coverage
49.89▼
2023 · 219.55
Debt ≤ 1 year
€79,495▼
2023 · €87,524
Income taxes
€49,158▲
2023 · €37,648
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | -€1,469 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €837 | €837 | €837 | = |
| Other operating charges640/8 | - | €13,543 | €1,079 | €4,422 | €1,800 | ▼ 59.3% |
| Gross operating margin9900 | €231,828 | €98,983 | €128,613 | €134,453 | €136,022 | ▲ 1.2% |
| Operating profit (loss)9901 | €205,879 | €86,909 | €126,697 | €129,194 | €133,385 | ▲ 3.2% |
| Financial income75/76B | - | €487 | €307 | €18,958 | €2,348 | ▼ 87.6% |
| Recurring financial income75 | - | €487 | €307 | €18,958 | €2,348 | ▼ 87.6% |
| Financial charges65/66B | - | €779 | €3,949 | €592 | €2,691 | ▲ 354% |
| Recurring financial charges65 | €2,067 | €779 | €3,949 | €592 | €2,691 | ▲ 354% |
| Profit (loss) for the period before taxes9903 | €203,812 | €86,616 | €123,055 | €147,560 | €133,043 | ▼ 9.8% |
| Income taxes67/77 | €52,673 | €28,928 | €31,889 | €37,648 | €49,158 | ▲ 30.6% |
| Profit (loss) for the period9904 | €151,139 | €57,689 | €91,165 | €109,912 | €83,885 | ▼ 23.7% |
| Profit (loss) for the period to be appropriated9905 | €151,139 | €57,689 | €91,165 | €109,912 | €83,885 | ▼ 23.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €259,065 | €286,286 | €365,495 | €483,978 | €559,833 | ▲ 15.7% |
| Fixed assets21/28 | €100 | €100 | €6,790 | €5,953 | €5,115 | ▼ 14.1% |
| Tangible fixed assets22/27 | - | - | €6,690 | €5,853 | €5,015 | ▼ 14.3% |
| Furniture and vehicles24 | - | - | €6,690 | €5,853 | €5,015 | ▼ 14.3% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €258,965 | €286,186 | €358,705 | €478,025 | €554,718 | ▲ 16.0% |
| Amounts receivable after more than one year29 | - | - | - | €23,754 | €34,384 | ▲ 44.7% |
| Other amounts receivable291 | - | - | - | €23,754 | €34,384 | ▲ 44.7% |
| Amounts receivable within one year40/41 | €159,557 | €74,505 | €115,643 | €193,748 | €158,702 | ▼ 18.1% |
| Trade receivables40 | - | €66,717 | €115,258 | €148,071 | €157,545 | ▲ 6.4% |
| Other amounts receivable41 | - | €7,788 | €385 | €45,677 | €1,157 | ▼ 97.5% |
| Current investments50/53 | €7 | €7 | €7 | €7 | - | - |
| Cash at bank and in hand54/58 | €99,400 | €211,673 | €243,054 | €260,516 | €361,632 | ▲ 38.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €259,065 | €286,286 | €365,495 | €483,978 | €559,833 | ▲ 15.7% |
| Equity10/15 | €137,688 | €195,376 | €286,542 | €396,454 | €480,338 | ▲ 21.2% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €86,860 | €195,860 | €195,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | €85,000 | €194,000 | €194,000 | = |
| Profit (loss) carried forward14 | €129,628 | €187,316 | €193,482 | €194,394 | €278,278 | ▲ 43.2% |
| Amounts payable17/49 | €121,377 | €90,910 | €78,953 | €87,524 | €79,495 | ▼ 9.2% |
| Amounts payable after more than one year17 | €25,000 | €14,557 | €8,228 | - | - | - |
| Other amounts payable178/9 | - | €14,557 | €8,228 | - | - | - |
| Amounts payable within one year42/48 | €96,377 | €76,352 | €70,726 | €87,524 | €79,495 | ▼ 9.2% |
| Trade debts44 | €15,568 | €1,075 | €17,491 | €33,696 | €37,131 | ▲ 10.2% |
| Suppliers440/4 | - | €1,075 | €17,491 | €33,696 | €37,131 | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | €72,192 | €52,725 | €53,828 | €42,363 | ▼ 21.3% |
| Taxes450/3 | - | €72,192 | €52,725 | €53,828 | €42,363 | ▼ 21.3% |
| Other amounts payable47/48 | - | €3,086 | €510 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,139 | €57,689 | €91,165 | €109,912 | €83,885 | ▼ 23.7% |
| + Depreciation and write-downs630 | - | - | €837 | €837 | €837 | = |
| Operating cash flow (approximation) | €151,139 | €57,689 | €92,003 | €110,749 | €84,722 | ▼ 23.5% |
| Investment in fixed assets (approximation) | - | €0 | -€7,527 | €0 | €0 | - |
| Change in cash | - | €112,273 | €31,381 | €17,461 | €101,116 | ▲ 479% |
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
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 86 days late
2022
31-12
Financial
Equity above €200,000Eq €286,542 ▲46.7%
3 profitable years in a row build equity to €286,542.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-12
Financial
Equity above €150,000Eq €195,376 ▲41.9%
2 profitable years in a row build equity to €195,376.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
09-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 221 days late
2020
31-12
Financial
Back to profitnet €151,139
Net result €151,139 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.16 to 2.69.
31-12
Financial
Equity above €100,000Eq €137,688
Equity rises from -€13,451 to €137,688.
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 161 days late
Show earlier events
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 520 days late
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 872 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, Sint-Pieters-Woluwe · 1 establishment unit since 2001
Ground area
298 m²
Building footprint
133 m²
Volume, LiDAR
1,251 m³
Parcel 21683D0017/00Z004, Brussels · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
François Desmedtstraat 28, 1150 Sint-Pieters-Woluwe
since 20012.098.315.876
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0017/00Z004 | Brussels | 298 m² | 1 · 133 m² | 12.9 m · 4 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 30,007 companies in sector 62200 we hold annual accounts for 18,400. 12,133 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 (pre-2019)
Founded19-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
62100Computer programming
Contact
E-mail
jacques.sauboin@siemens.comSint-Pieters-Woluwe
Phone
081/736839Sint-Pieters-Woluwe
Fax
081/736839Sint-Pieters-Woluwe
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475347708
Also
9925:BE0475347708
Registered
19-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.