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Generated 13-07-2026
Active BE 0774.701.683Private limited company

CSDECO

Koninginnelaan 191 ·1000 Brussel, Belgium· 4 yrs active
Sector: Real estate activities (68122)
Conclusion Checked

The computed 12-month bankruptcy probability of CSDECO is 4.8% (elevated). The 2022 annual accounts show negative equity (€-5k) and a net result of €-6k. Its solvency ranks better than 5% of 3056 sector peers (fiscal year 2022). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-5k
Net result €-6k
Better than sector 5%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health28Profitability100Solvency33Growth50Stability79
58 / 100

Mixed profile: strong on profitability, weaker on health.

Health 28
Profitability 100
Solvency 33
Growth 50
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
4.8% Elevated
0%0,5%1,5%4%10%≥25%
Annual accounts: weaker financial profile +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
28 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 09-10-2023 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -37.5% 20.1%
better than 5% of 3056 sector peers
Net result €-6k €2k
better than 33% of 3048 sector peers
Equity €-5k €26k
better than 19% of 3058 sector peers
Gross operating margin €774 €21k
better than 28% of 3045 sector peers
Total assets €12k €249k
better than 5% of 3057 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2022
Revenue-
EBITDA€691
Net profit€-6k
Cash flow€691
Staff costs-
Income taxes-
Dividends-
Total assets€12k
Equity€-5k
Debt€17k
of which ≤ 1y€17k
of which > 1y-
Working capital€-13k
Employees (FTE)-
Ratios (computed)
2022
Current ratio0.20
Quick ratio0.20
Working capital ratio-109.6%
Solvency-37.5%
Debt / equity-3.66
Long-term debt ratio-
Interest coverage3455.65
Gross margin-
Net margin-
ROA-45.8%
ROE121.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€12k
Fixed assets 21/28€9k
Tangible fixed assets 22/27€9k
Current assets 29/58€3k
Cash & bank 54/58€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€12k
Equity 10/15€-5k
Contributions / capital 10/11€1k
Accumulated profits (losses) 14€-6k
Amounts payable 17/49€17k
Amounts payable within one year 42/48€17k
Trade debts payable within one year 44€150
Income statement
Gross operating margin 9900€774
Operating result 9901€-6k
Financial charges 65€0
Result before taxes 9903€-6k
Net result for the period 9904€-6k
Result to be appropriated 9905€-6k
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68122)
Legal form Private limited company(610)
Incorporation28-09-2021
StatusActive
Postal code1000
Establishment units 1 location
CSDECO
Kasteellaan 3, 1740 TernatReparatie en onderhoud van verwarmingsinstallaties
since 20212.322.942.142
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
23086A0314/00P000 Flanders 582 m² 1 · 104 m² 7.0 m · 1 fl.
21813D0525/00T008 Brussels 143 m² 1 · 170 m² 21.8 m · 5 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 2 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
17-06-2024
State Gazette act Capital & shares
2023
09-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
Capital history · 1
17-06-2024
Capital change
All acts · 1 updated 2 years ago
2024
17-06-2024 Transaction in capital or shares Capital & shares
Technical details 
{
  "events": [],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2024-06-17",
    "filing_date": "2024-06-07",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "algemene_vergadering",
    "act_date": "2024-05-29",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-05-29"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0774.701.683",
    "name_full": "CS DECO",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122Algemene bouw van kantoorgebouwen41002Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van kantoorgebouwen41202Algemene bouw van andere niet-residentiële gebouwen41203Slopen43110Slopen43110Loodgieterswerk43221Sanitaire werkzaamheden43221Metselwerk43910Uitvoeren van metsel- en voegwerken43994
Primary activity highlighted.
Names & trade names
Legal nameNL CSDECO
Registered office
Koninginnelaan 191 bus 3
1000 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Immo Jaspe BE 0420.838.458 · Brussel
AGORIA REAL ESTATE BE 0403.263.444 · Brussel
CAVELL PROJECTS BE 0676.976.361 · Brussel
COMPAGNIE DE PROMOTION DE L'ESPLANADE BE 0477.987.195 · Brussel
DS RENOVATION BE 0689.843.511 · Brussel
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative