Active BE 0774.701.683Private limited company

CSDECO

Koninginnelaan 191 ·1000 Brussel, Belgium· 4 yrs active

Sector: Development of non-residential building projects (68122)

Conclusion Checked

The computed 12-month bankruptcy probability of CSDECO is 5.0% (elevated). The 2022 annual accounts show negative equity (€-5k) and a net result of €-6k. Its solvency ranks better than 8% of 10440 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	8%
Active	4 yrs

Financial profile 4 of 5 axes measured · computed by Checked

60 / 100

Strong profile, led by profitability.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 28

Profitability 100

Solvency 33

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

5.0% Elevated

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 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, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2022 · computed

28 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score components

Liquidity Current ratio 0.20 (< 1.0) -10

Quick ratio Quick ratio 0.20 (< 0.6) -5

Equity Negative equity -25

Profitability ROE 122% (≥ 10%) +10

Interest coverage Interest coverage 3455.7× (≥ 3×) +8

Computed by Checked from the NBB filing for FY 2022. Indicative, not credit advice.

Financial overview1 NBB filings

Annual accounts filed on 09-10-2023 with the NBB · fiscal year 2022 · micro schema

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%	23.2%	better than 8% of 10440 sector peers
Net result	€-6k	€5k	better than 28% of 10423 sector peers
Equity	€-5k	€51k	better than 19% of 10453 sector peers
Gross operating margin	€774	€35k	better than 21% of 10405 sector peers
Total assets	€12k	€355k	better than 5% of 10442 sector peers

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	micro schema
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 ratio	0.20
Quick ratio	0.20
Working capital ratio	-109.6%
Solvency	-37.5%
Debt / equity	-3.66
Long-term debt ratio	-
Interest coverage	3455.65
Gross margin	-
Net margin	-
ROA	-45.8%
ROE	121.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €9k · 72.0% Current assets €3k · 28.0%

Full annual accounts (18 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
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

Directors & mandates 2 directors

Current directors & mandates

BELAYDI Said
Director
State Gazette act 24090871 (17-06-2024)

Current
01-07-2024 → present

Former directors (1)

SAIDI Abderrahman
Director
State Gazette act 24090871 (17-06-2024)

Former
- → 30-06-2024

Legal Structure

NACE primary	Development of non-residential building projects(68122)
Legal form	Private limited company(610)
Incorporation	28-09-2021
Status	Active
Postal code	1000

Establishment units 1 location

CSDECO

Kasteellaan 3, 1740 TernatRepair, maintenance and installation of machinery and equipment

since 20212.322.942.142

Real-estate footprint Source: CBE × cadastre

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

All 2Gazette 1Filings 1

2024

17-06

State Gazette act Capital & shares

2023

09-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 70 days late

State Gazette actNBB filing

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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

Original publication ↗

Technical details

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  "notary": {
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    "firm_city": null,
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    "office_city": null,
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  "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,
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  },
  "co_filed_documents": [],
  "shareholders_after": [],
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Development of non-residential building projects68122Construction of residential and non-residential buildings41002General construction of other non-residential buildings41003Demolition43110Plumbing work43221Bricklaying and masonry work43910Specialised construction activities43994

Names & trade names

Legal nameNL

CSDECO

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