CSE CONSTRUCT
The computed 12-month bankruptcy probability of CSE CONSTRUCT is 4.7% (elevated). The 2024 annual accounts show equity of €3k and a net result of €-1k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 14% of 11070 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €3k |
| Net result | €-1k |
| Better than sector | 14% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.1% | 40.9% | |
| Net result | €-1k | €11k | |
| Equity | €3k | €34k | |
| Gross operating margin | €3k | €35k | |
| Total assets | €39k | €93k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-1k |
| Cash flow | €2k |
| Staff costs | - |
| Income taxes | €123 |
| Dividends | - |
| Total assets | €39k |
| Equity | €3k |
| Debt | €36k |
| of which ≤ 1y | €22k |
| of which > 1y | €15k |
| Working capital | €-10k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.56 |
| Quick ratio | 0.28 |
| Working capital ratio | -24.3% |
| Solvency | 8.1% |
| Debt / equity | 11.31 |
| Long-term debt ratio | 4.55 |
| Interest coverage | 3.37 |
| Gross margin | - |
| Net margin | - |
| ROA | -3.7% |
| ROE | -45.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €39k |
| Fixed assets | 21/28 | €27k |
| Tangible fixed assets | 22/27 | €27k |
| Current assets | 29/58 | €12k |
| Stocks & contracts in progress | 3 | €6k |
| Amounts receivable within one year | 40/41 | €440 |
| Cash & bank | 54/58 | €5k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €39k |
| Equity | 10/15 | €3k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-2k |
| Amounts payable | 17/49 | €36k |
| Amounts payable after one year | 17 | €15k |
| Amounts payable within one year | 42/48 | €22k |
| Trade debts payable within one year | 44 | €1k |
| Income statement | ||
| Gross operating margin | 9900 | €3k |
| Operating result | 9901 | €-578 |
| Financial charges | 65 | €768 |
| Result before taxes | 9903 | €-1k |
| Income taxes | 67/77 | €123 |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
| NACE primary | Specialised construction(43222) |
| Legal form | Private limited company(610) |
| Incorporation | 23-12-2021 |
| Status | Active |
| Postal code | 1950 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 38014E0102/00A000 | Flanders | 708 m² | 1 · 493 m² | 23.6 m · 7 fl. |
| 55022A0259/00L011 | Wallonia | 123 m² | 1 · 34 m² | 9.0 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
19-12-2024 Registered office moved from Koksijde to Kraainem
- Charleroistraat(Kok) 25 Boîte 505 8670 Koksijde → Chaussée de Malines 455/1 1950 Kraainem
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Chauss\u00E9e de Malines 455/1 1950 Kraainem",
"city": "Kraainem",
"region": null,
"street": "Chauss\u00E9e de Malines",
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": "455/1",
"locality_suffix": null
},
"old_address": {
"raw": "Charleroistraat(Kok) 25 Bo\u00EEte 505 8670 Koksijde",
"city": "Koksijde",
"region": "vlaams_gewest",
"street": "Charleroistraat",
"country": "BE",
"postcode": "8670",
"box_number": "505",
"street_number": "25",
"locality_suffix": "(Kok)"
},
"effective_date": "2024-11-27",
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-12-19",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-11-27",
"unanimous": true
},
"subject_company": {
"kbo": "0779.298.493",
"name_full": "CSE CONSTRUCT",
"legal_form": "BV",
"_kbo_extracted_mismatch": "0763.990.014"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Bayrak Abdullah",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CSE CONSTRUCT |