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CSDS

Open bankruptcy
Private limited companyfounded 2012Boulevard Joseph Tirou 135, 6000 Charleroi, BelgiumKBO/BCE: BE 0843.152.902

A bankruptcy procedure is open for CSDS according to publications in the Belgian State Gazette; curator: ANNE-CATHERINE SCIAMANNA.

Summary

The file additionally contains 1 judicial reorganisation. The 2021 annual accounts show negative equity (-€29,243) and a net result of -€20,643.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Hainaut, Charleroi division
Declared bankrupt
7 November 2022
Supervising judge
Thierry Languillier
Official Gazette
06-12-2022 (pdf) ↗search the document for 2022/144903

Curator

  • Anne-Catherine SciamannaRue Du Parc, 42, 6140 Fontaine-L’Eveque- . Date provisoire de cessation de paiement : 07/11/2022attout_sciamanna@skynet.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 14-07-2022, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
17 d early
2020
12 d early
2019
69 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 27 January 2012, CSDS was incorporated.1 Total assets went from EUR 99,335 in 2018 to EUR 49,219 in 2021 and headcount from 0.3 to 1 full-time equivalents.2 The company was declared bankrupt on 7 November 2022.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021
  3. 3Belgian State Gazette, 06-12-2022

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€29,243▼ 240%
2020 · -€8,601
Total assets
€49,219▼ 19.5%
2020 · €61,118
Net result
-€20,643▼ 489%
2020 · -€3,502
Working capital
-€42,868▼ 117%
2020 · -€19,782
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result€46,167--€46,723€1,744€8,455▲ 385%
Net result€35,664--€48,856-€3,502▲ 92.8%-€20,643▼ 489%
Equity€43,758--€5,098-€8,601▼ 68.7%-€29,243▼ 240%
Total assets€99,335-€91,425▼ 8.0%€61,118▼ 33.2%€49,219▼ 19.5%
Debt€55,577-€96,523▲ 73.7%€69,718▼ 27.8%€78,463▲ 12.5%
Working capital€29,053--€19,627-€19,782▼ 0.8%-€42,868▼ 117%
Staff (FTE)0.3-1.5▲ 400%1▼ 33.3%1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€50,000-€25,000€0€25,000€50,000Operating result 2018: €46,167€46,167Net result 2018: €35,664€35,664Operating result 2019: -€46,723-€46,723Net result 2019: -€48,856-€48,856Operating result 2020: €1,744€1,744Net result 2020: -€3,502-€3,502Operating result 2021: €8,455€8,455Net result 2021: -€20,643-€20,6432018201920202021-€60,000-€40,000-€20,000€0Operating result 2019: -€46,723-€46,700Net result 2019: -€48,856-€48,900Operating result 2020: €1,744€1,740Net result 2020: -€3,502-€3,500Operating result 2021: €8,455€8,450Net result 2021: -€20,643-€20,600201920202021
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 385% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €49,219
Fixed assets €13,624 ▲ 21.8%
Current assets €35,595 ▼ 28.7%
Key figures and ratios
2021 value · change against 2020
EBITDA
€9,498▲
2020 · €5,092
Cash flow
-€19,599▼
2020 · -€154
Solvency
-59.4%▼
2020 · -14.1%
Current ratio
0.45▼
2020 · 0.72
Debt to equity
-2.68
ROA
-41.9%▼
2020 · -5.7%
Interest coverage
3.52
Debt ≤ 1 year
€78,463▲
2020 · €69,718
Staff costs
€25,761
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 47 lines
Balance sheet Code20202021
Assets
Total assets20/58€61,118€49,219▼
Fixed assets21/28€11,181€13,624▲
Tangible fixed assets22/27€11,076€1,177▼
Plant, machinery and equipment23-€1,177
Furniture and vehicles24-€0
Financial fixed assets28€105€12,447▲
Current assets29/58€49,936€35,595▼
Amounts receivable within one year40/41€45,134€33,737▼
Trade receivables40-€31,557
Other amounts receivable41-€2,180
Cash at bank and in hand54/58€1,908€20▼
Deferred charges and accrued income490/1-€1,838
Equity and liabilities
Total equity and liabilities10/49€61,118€49,219▼
Equity10/15-€8,601-€29,243▼
Contributions10/11-€22,000
Reserves13€1,100€1,100=
Non-distributable reserves130/1-€1,100
Reserves not available under the articles1311-€1,100
Profit (loss) carried forward14-€31,701-€52,343▼
Amounts payable17/49€69,718€78,463▲
Amounts payable within one year42/48€69,718€78,463▲
Financial debts43-€28,596
Credit institutions430/8-€28,596
Trade debts44€10,044€16,835▲
Suppliers440/4-€16,835
Taxes, remuneration and social security45-€25,319
Taxes450/3-€11,032
Remuneration and social security454/9-€14,288
Other amounts payable47/48-€7,713
Income statement Code20202021
Non-recurring operating income76A-€4,460
Remuneration, social security and pensions62-€25,761
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,348€1,044▼
Other operating charges640/8-€1,539
Non-recurring operating charges66A-€10,955
Gross operating margin9900€11,285€47,753▲
Operating profit (loss)9901€1,744€8,455▲
Financial income75/76B-€2
Recurring financial income75€58€2▼
Financial charges65/66B-€29,099
Recurring financial charges65€5,304€2,702▼
Non-recurring financial charges66B-€26,398
Profit (loss) for the period before taxes9903-€3,502-€20,643▼
Income taxes67/77€0-
Profit (loss) for the period9904-€3,502-€20,643▼
Profit (loss) for the period to be appropriated9905-€3,502-€20,643▼
Appropriation of the result
Profit (loss) to be appropriated9906--€52,343
Profit (loss) brought forward from the previous period14P--€31,701

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Non-recurring operating income76A---€4,460-
Remuneration, social security and pensions62---€25,761-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,500€4,632€3,348€1,044▼ 68.8%
Other operating charges640/8---€1,539-
Non-recurring operating charges66A---€10,955-
Gross operating margin9900€64,710€32,028€11,285€47,753▲ 323%
Operating profit (loss)9901€46,167-€46,723€1,744€8,455▲ 385%
Financial income75/76B---€2-
Recurring financial income75€10€76€58€2▼ 96.9%
Financial charges65/66B---€29,099-
Recurring financial charges65€1,063€2,119€5,304€2,702▼ 49.1%
Non-recurring financial charges66B---€26,398-
Profit (loss) for the period before taxes9903€45,113-€48,765-€3,502-€20,643▼ 489%
Income taxes67/77€9,449€91€0--
Profit (loss) for the period9904€35,664-€48,856-€3,502-€20,643▼ 489%
Profit (loss) for the period to be appropriated9905€35,664-€48,856-€3,502-€20,643▼ 489%
Line2018201920202021Change
Assets
Total assets20/58€99,335€91,425€61,118€49,219▼ 19.5%
Fixed assets21/28€18,463€14,529€11,181€13,624▲ 21.8%
Intangible fixed assets21€1,284€0---
Tangible fixed assets22/27€17,074€14,424€11,076€1,177▼ 89.4%
Plant, machinery and equipment23---€1,177-
Furniture and vehicles24---€0-
Financial fixed assets28€105€105€105€12,447▲ 11,754%
Current assets29/58€80,873€76,896€49,936€35,595▼ 28.7%
Amounts receivable within one year40/41€73,341€71,819€45,134€33,737▼ 25.3%
Trade receivables40---€31,557-
Other amounts receivable41---€2,180-
Cash at bank and in hand54/58€6,730€0€1,908€20▼ 99.0%
Deferred charges and accrued income490/1---€1,838-
Equity and liabilities
Total equity and liabilities10/49€99,335€91,425€61,118€49,219▼ 19.5%
Equity10/15€43,758-€5,098-€8,601-€29,243▼ 240%
Contributions10/11€22,000€22,000-€22,000-
Reserves13€1,100€1,100€1,100€1,100=
Non-distributable reserves130/1---€1,100-
Reserves not available under the articles1311---€1,100-
Profit (loss) carried forward14€20,658-€28,198-€31,701-€52,343▼ 65.1%
Amounts payable17/49€55,577€96,523€69,718€78,463▲ 12.5%
Amounts payable after more than one year17€3,414€0---
Amounts payable within one year42/48€51,819€96,523€69,718€78,463▲ 12.5%
Financial debts43---€28,596-
Credit institutions430/8---€28,596-
Trade debts44€19,185€27,411€10,044€16,835▲ 67.6%
Suppliers440/4---€16,835-
Taxes, remuneration and social security45---€25,319-
Taxes450/3---€11,032-
Remuneration and social security454/9---€14,288-
Other amounts payable47/48---€7,713-
Line2018201920202021Change
Profit (loss) for the period9904€35,664-€48,856-€3,502-€20,643▼ 489%
+ Depreciation and write-downs630€4,500€4,632€3,348€1,044▼ 68.8%
Operating cash flow (approximation)€40,164-€44,225-€154-€19,599▼ 12,596%
Investment in fixed assets (approximation)--€698€0-€3,486-
Change in cash--€6,730€1,908-€1,888▼ 199%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2022
06-12
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 07-11-2022
14-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
24-03
Judicial reorganisation Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 17-03-2022
2021
19-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
08-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial Weakest financial yearnet -€48,856
Net result drops to -€48,856, the lowest in the series.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
26-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 26 days late
2014
18-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 18 days late
2013
26-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 26 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
8 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, Charleroi · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
159 m²
Building footprint
145 m²
Volume, LiDAR
3,567 m³
Parcel 52011C0049/02W000, Wallonia · tallest building 26.2 m, ±8 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Boulevard Joseph Tirou 135, 6000 Charleroi
Retail sale of flowers, plants, seeds and fertilisers
since 20122.206.388.625
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52011C0049/02W000 Wallonia 159 m² 1 · 145 m² 26.2 m · 8 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator ANNE-CATHERINE SCIAMANNA
RUE DU PARC, 42, 6140 FONTAINE-L’EVEQUE- . Date provisoire de cessation de paiement : 07/11/2022
07-11-2022 → present

Similar companies · same sector, comparable size

Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 2,022 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
Founded27-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering

Scores and ratios are computed by Checked and are not a credit decision.