Liquidity
Short-term debts rose from €3,702 to €5,053.
Short-term debts rose from €3,702 to €5,053.
Less equity than 87% of companies in specialised construction. Sector median €73,547 · 1,072 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 70% of them on solvency, 23% on liquidity, 92% on profitability and 98% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-01-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 39,278 companies had the same profile as CSD GENERAL CONSTRUCT has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CSD GENERAL CONSTRUCT itself is higher: 2.8% within 12 months. It rests on far more data about CSD GENERAL CONSTRUCT than the profile alone.
The method was tested on the 497,447 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.
| 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 39,278 companies, not a prediction for CSD GENERAL CONSTRUCT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CSD GENERAL CONSTRUCT Wezembeek-Oppem | €14,097 | €11,958 | 64.2% | - |
| SOLAR ULTRON Ternat | €15,054 | €11,668 | -20.9% | - |
| MB General Construction Erquelinnes | €13,133 | €10,890 | 74.5% | - |
| TTH Services Antwerp | €14,534 | €11,295 | 59.0% | - |
| DRV2 Service Zutendaal | €16,740 | €12,677 | 72.9% | - |
| SIS TECHNOLOGY Meise | €14,686 | €12,026 | 52.6% | - |
| FJS COMPANY Linkebeek | €16,049 | €13,776 | 31.7% | - |
These companies have the same main activity as CSD GENERAL CONSTRUCT: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €13,100 and €16,700, founded between 2022 and 2024.
The computed 12-month bankruptcy probability of CSD GENERAL CONSTRUCT is 2.8% (moderate). The 2026 annual accounts show equity of €9,044 and a net result of €7,445.
Its solvency ranks better than 65% of 1,072 sector peers (NACE 43, financial year 2026). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €98,000. Estimated: probably between €65,000 and €210,000.
Higher than 32% of 35,125 companies in 2025.
Higher than 38% of 34,499 companies in 2025.
Higher than 87% of 34,700 companies in 2025.
| Line | Trend | 2026 | 2025 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
14,097 | 5,302 | |
29/58 |
14,097 | 5,302 | |
40/41 |
13,947 | 4,290 | |
40 |
12,793 | 4,290 | |
41 |
1,154 | - | |
54/58 |
151 | 1,012 | |
| Balance sheet: equity and liabilities | |||
10/49 |
14,097 | 5,302 | |
10/15 |
9,044 | 1,600 | |
14 |
9,044 | 1,600 | |
17/49 |
5,053 | 3,702 | |
42/48 |
5,053 | 3,702 | |
44 |
1,984 | 1,064 | |
440/4 |
1,187 | 1,064 | |
441 |
797 | - | |
45 |
3,069 | 922 | |
450/3 |
1,954 | 922 | |
454/9 |
1,115 | - | |
47/48 |
- | 1,716 | |
| Income statement | |||
9900 |
11,958 | 3,379 | |
640/8 |
393 | 206 | |
9901 |
11,565 | 3,173 | |
65/66B |
2,166 | 1,130 | |
65 |
2,166 | 1,130 | |
9903 |
9,399 | 2,042 | |
67/77 |
1,954 | 443 | |
9904 |
7,445 | 1,600 | |
9905 |
7,445 | 1,600 | |
| Appropriation of the result | |||
9906 |
9,044 | 1,600 | |
14P |
1,600 | - | |
| Document | |||
Source: Annual accounts 2026 at the NBB, filed on 22-10-2026.
2026 annual accounts filed 52 days after the deadline. Filed on 22 October 2026, deadline 31 August 2026 (7 months after the close on 31 January 2026, Companies Code art. 3:10). Source: NBB, 2026-00569920.
| Line | Trend | 2026 | 2025 |
|---|---|---|---|
| -862 | - | ||
| 9,044 | 1,600 | ||
| 64.2% | 30.2% | ||
| 2.79 | 1.43 | ||
| 0.56 | 2.31 | ||
| 82.3% | 100.0% | ||
| 52.8% | 30.2% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2026 is over 3.6 times that of 2025.
Debt's share of the balance-sheet total falls from 69.8% to 35.8%. Equity and debt are higher.
CSD GENERAL CONSTRUCT has no parent and no holdings in its annual accounts. STANICA Ion Cristian is the only director. CSD GENERAL CONSTRUCT shares no director with another company.
| VITALIX LAB
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| KAZIDOMI
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4.9 FTE (2025) 0652.941.840 |
| LA TREBIA
registered office since 23-02-2006 · founded in 2006 · accounts filed late |
total assets €3.1m (2024) 0879.561.059 |
| T.D. & T.O. International
registered office since 07-10-2021 · founded in 2021 |
turnover €1.6m (2025) 0775.473.428 |
| BATIDAR CONSTRUCT
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total assets €1.4m (2025) 0881.831.750 |
| WINPROTECH
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8.9 FTE (2025) 0791.808.624 |
| CLASS-CONSTRUCT
registered office since 01-04-1991 · founded in 1991 |
total assets €1.3m (2025) 0443.482.317 |
| DACO BUILT
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turnover €1.1m (2025) 0778.749.949 |
| CamPro Europe
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turnover €320,355 (2024) 0726.943.338 |
| Q-ZEN
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total assets €990,140 (2025) 0739.593.029 |
Deadline for the 2027 accounts: 31-08-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 15 September 2023, CSD GENERAL CONSTRUCT was incorporated as a private limited company by one natural person, with a starting capital of €4,000.12 STANICA Ion Cristian is director of the company, appointed by deed of 19-09-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2026.3
| Establishment | Since | Unit number |
|---|---|---|
| Lange Eikstraat 46 registered office 1970 Wezembeek-Oppem | ||
| CSD GENERAL CONSTRUCT SRL Avenue des Habitations Modernes 51, 1470 Genappe | 15-09-2023 | 2.349.927.146 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 |
| 25013C0148/00A018 | Wallonia | 260 m² | 1 · 47 m² | 12.8 m · 3 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0805.915.590
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