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CSB Technics

Active
Private limited companyfounded 2025active for 1 yearDurmakker 6, 9940 Evergem, BelgiumKBO/BCE: BE 1021.123.849

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00464992.

Annual accounts 2025 filed on 31-08-2026 at the NBB

Turnover
≈ €230,000
Estimated: probably between €150,000 and €400,000
Total assets
€185,682
Net result
€20,556
Working capital
-€93,487

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €185,682
Fixed assets €140,107
Current assets €45,576
Equity and liabilities €185,682
Equity €23,556
Debt €162,126
Debt's share of the balance-sheet total is 87.3%.
Key figures and ratios
2025 value
EBITDA
€53,571
Cash flow
€47,362
Current ratio
0.33
Debt to equity
6.88
ROE
87.3%
ROA
11.1%
Interest coverage
96.38
Debt ≤ 1 year
€139,063
Debt > 1 year
€23,063
Income taxes
€5,655
Staff costs
€2,795

Staff

social balance sheet
Item31-12-2025
Average over the year, in full-time equivalents0
Joined1
Left1

Source: social balance sheet in the 2025 annual accounts

Investments

fixed assets acquired
Item2025
Tangible fixed assets€214,500
Financial fixed assets€0
Depreciation and write-downs of the year€26,806

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€185,682
Fixed assets21/28€140,107
Tangible fixed assets22/27€140,107
Plant, machinery and equipment23€84,767
Furniture and vehicles24€55,340
Current assets29/58€45,576
Amounts receivable within one year40/41€19,722
Trade receivables40€19,618
Other amounts receivable41€104
Cash at bank and in hand54/58€22,769
Deferred charges and accrued income490/1€3,084
Equity and liabilities
Total equity and liabilities10/49€185,682
Equity10/15€23,556
Contributions10/11€3,000
Profit (loss) carried forward14€20,556
Amounts payable17/49€162,126
Amounts payable after more than one year17€23,063
Financial debts170/4€23,063
Amounts payable within one year42/48€139,063
Current portion of amounts payable after more than one year42€5,577
Trade debts44€107,894
Suppliers440/4€107,894
Taxes, remuneration and social security45€24,053
Taxes450/3€22,830
Remuneration and social security454/9€1,223
Other amounts payable47/48€1,539
Income statement Code2025
Remuneration, social security and pensions62€2,795
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,806
Other operating charges640/8€2,770
Non-recurring operating charges66A€17,562
Gross operating margin9900€76,698
Operating profit (loss)9901€26,766
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€556
Recurring financial charges65€556
Profit (loss) for the period before taxes9903€26,211
Income taxes67/77€5,655
Profit (loss) for the period9904€20,556
Profit (loss) for the period to be appropriated9905€20,556
Appropriation of the result
Profit (loss) to be appropriated9906€20,556

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Line2025
Remuneration, social security and pensions62€2,795
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,806
Other operating charges640/8€2,770
Non-recurring operating charges66A€17,562
Gross operating margin9900€76,698
Operating profit (loss)9901€26,766
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€556
Recurring financial charges65€556
Profit (loss) for the period before taxes9903€26,211
Income taxes67/77€5,655
Profit (loss) for the period9904€20,556
Profit (loss) for the period to be appropriated9905€20,556
Line2025
Assets
Total assets20/58€185,682
Fixed assets21/28€140,107
Tangible fixed assets22/27€140,107
Plant, machinery and equipment23€84,767
Furniture and vehicles24€55,340
Current assets29/58€45,576
Amounts receivable within one year40/41€19,722
Trade receivables40€19,618
Other amounts receivable41€104
Cash at bank and in hand54/58€22,769
Deferred charges and accrued income490/1€3,084
Equity and liabilities
Total equity and liabilities10/49€185,682
Equity10/15€23,556
Contributions10/11€3,000
Profit (loss) carried forward14€20,556
Amounts payable17/49€162,126
Amounts payable after more than one year17€23,063
Financial debts170/4€23,063
Amounts payable within one year42/48€139,063
Current portion of amounts payable after more than one year42€5,577
Trade debts44€107,894
Suppliers440/4€107,894
Taxes, remuneration and social security45€24,053
Taxes450/3€22,830
Remuneration and social security454/9€1,223
Other amounts payable47/48€1,539
Line2025
Profit (loss) for the period9904€20,556
+ Depreciation and write-downs630€26,806
Operating cash flow (approximation)€47,362

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 2,390 companies had the same profile as CSB Technics has now. Two years later, 1.2% had gone bankrupt and 96.7% were still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.2% went bankrupt
2.0% stopped otherwise
96.7% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of CSB Technics itself is higher: 2.3% within 12 months. It rests on far more data about CSB Technics than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 2,390 companies, not a prediction for CSB Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00464992 PDF

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