CSE Solutions
The computed 12-month bankruptcy probability of CSE Solutions is 3.4% (moderate). The 2025 annual accounts show equity of €424k and a net result of €120k. Equity is growing by ~42.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 325 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €424k |
| Net result | €120k |
| Staff (FTE) | 11.1 |
| Better than sector | 28% |
Exceptional profile, strong across almost every axis.
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 | 20.9% | 39.1% | |
| Net result | €120k | €40k | |
| Equity | €424k | €181k | |
| Gross operating margin | €1.24M | €212k | |
| Staff costs | €748k | €212k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €428k |
| Net profit | €120k |
| Cash flow | €299k |
| Staff costs | €748k |
| Income taxes | €40k |
| Dividends | - |
| Total assets | €2.03M |
| Equity | €424k |
| Debt | €1.61M |
| of which ≤ 1y | €778k |
| of which > 1y | €828k |
| Working capital | €365k |
| Employees (FTE) | 11.1 |
| 2025 | |
|---|---|
| Current ratio | 1.47 |
| Quick ratio | 0.71 |
| Working capital ratio | 18.0% |
| Solvency | 20.9% |
| Debt / equity | 3.79 |
| Long-term debt ratio | 1.95 |
| Interest coverage | 4.75 |
| Gross margin | - |
| Net margin | - |
| ROA | 5.9% |
| ROE | 28.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €2.03M |
| Fixed assets | 21/28 | €887k |
| Intangible fixed assets | 21 | €516k |
| Tangible fixed assets | 22/27 | €357k |
| Financial fixed assets | 28 | €14k |
| Current assets | 29/58 | €1.14M |
| Stocks & contracts in progress | 3 | €591k |
| Amounts receivable within one year | 40/41 | €503k |
| Cash & bank | 54/58 | €41k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.03M |
| Equity | 10/15 | €424k |
| Contributions / capital | 10/11 | €150k |
| Reserves | 13 | €274k |
| Amounts payable | 17/49 | €1.61M |
| Amounts payable after one year | 17 | €828k |
| Amounts payable within one year | 42/48 | €778k |
| Trade debts payable within one year | 44 | €350k |
| Income statement | ||
| Gross operating margin | 9900 | €1.24M |
| Operating result | 9901 | €249k |
| Financial income | 75 | €1k |
| Financial charges | 65 | €90k |
| Result before taxes | 9903 | €160k |
| Income taxes | 67/77 | €40k |
| Net result for the period | 9904 | €120k |
| Result to be appropriated | 9905 | €120k |
-
J.V. Electric TechnicLegal entityDirector· perm. rep.: VERBIEST Jonathan August MargaretState Gazette act 23387939 (06-09-2023)Current23-08-2023 → present
| NACE primary | Plumbing(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 25-01-2022 |
| Status | Active |
| Postal code | 8600 |
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. |
|---|---|---|---|---|
| 34016C1083/00L000 | Flanders | 1.7 ha | 1 · 925 m² | 8.6 m · 2 fl. |
| 35302D0065/00B002 | Flanders | 1.5 ha | 1 · 5,260 m² | 8.9 m · 3 fl. |
| 32003B0154/00Y003 | Flanders | 937 m² | 1 · 186 m² | 9.9 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
17-12-2025 Registered office moved within Diksmuide
- Woumenweg 177, 8600 Diksmuide → Diamantstraat 1, 8600 Diksmuide
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Diksmuide",
"region": null,
"street": "Diamantstraat",
"country": "BE",
"postcode": "8600",
"box_number": "D",
"street_number": "1"
},
"old_address": {
"city": "Diksmuide",
"region": null,
"street": "Woumenweg",
"country": "BE",
"postcode": "8600",
"box_number": null,
"street_number": "177"
},
"effective_date": "2025-07-01",
"evidence_quote": "De zetel van de vennootschap wordt verplaatst naar 8600 Diksmuide, Diamantstraat 1D, met ingang vanaf 1 juli 2025"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0780.868.014",
"name_full": "CSE SOLUTIONS",
"legal_form": "BV"
}
}06-09-2023 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
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"effective_date": "2023-08-23",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0780.868.014",
"name_full": "CSE SOLUTIONS",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [
{
"quote": "Verschijners verklaren volmacht te verlenen, met recht van substitutie, aan de naamloze vennootschap \u0022Warfid\u0022 te Waregem, Noorderlaan 76, voor alle verplichtingen tegenover het ondernemersloket en de belastingadministratie, het (elektronisch) register van aandelen en het UBO-register.",
"holder_kbo": null,
"holder_name": "Warfid",
"scope_categories": [
"tax",
"filing",
"UBO_register",
"share_register"
],
"with_substitution": true
}
],
"governance_change": {
"admin_delegated_added": []
}
}27-01-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Woumenweg 177, 8600 Diksmuide",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1991-02-20",
"name": "MAESEELE Guy-Luc Alo\u00EFs Aim\u00E9 Antoon",
"niss": null,
"address": "Anzegem, Tiegem, Kapellestraat 39 A"
},
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 50000,
"holder_person_name": "MAESEELE Guy-Luc Alo\u00EFs Aim\u00E9 Antoon",
"is_subscriber_only": false,
"n_shares_subscribed": 500,
"amount_subscribed_eur": 50000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1991-09-22",
"name": "DECORTE Michiel Patrick Lieva",
"niss": null,
"address": "Wevelgem, Gullegem, Laagweide 28"
},
"share_class": "naam",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 50000,
"holder_person_name": "DECORTE Michiel Patrick Lieva",
"is_subscriber_only": false,
"n_shares_subscribed": 500,
"amount_subscribed_eur": 50000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 100000,
"subject_company": {
"kbo": "0780.868.014",
"name_full": "CSE Solutions",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-01-24",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CSE Solutions |