CSM SOLUTION
ActiveThe computed 12-month bankruptcy probability of CSM SOLUTION is 8.7% (elevated). For CSM SOLUTION, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €19k and a net result of €1k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 84% of 9007 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability45▼-55
Solvency99▼-1
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
8.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
73.8%
Return on assets
5.6%
Age of the figures
36 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 17-04-2024, 13 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
13 d early
2022
43 d early
2021
23 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Turnover
€56k
EBIT margin
9.4%
Net result
€1k▼ 80.8%
2022 · €7k
2021: €5k
2022: €7k
2021 → 2023
Working capital
€17k▲ 15.2%
2022 · €15k
2021: €10k
2022: €15k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Turnover€56k-
Equity€10k-€17k▲ 74.3%€19k▲ 8.2%
Operating result€5k-€11k▲ 109%€5k▼ 51.7%
Net result€5k-€7k▲ 50.1%€1k▼ 80.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 52% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €25k
Fixed assets
€1k▼ 39.9%
Current assets
€24k▲ 21.5%
Equity and liabilities €25k
Equity
€19k▲ 8.2%
Debt
€7k▲ 41.9%
The debt ratio rises from 21.3% to 26.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2022 · €11k
Cash flow
€2k▼
2022 · €8k
Solvency
73.8%▼
2022 · 78.7%
Current ratio
3.62▼
2022 · 4.23
Quick ratio
3.62▼
2022 · 4.23
Debt / equity
0.35▲
2022 · 0.27
ROE
7.6%▼
2022 · 42.6%
ROA
5.6%▼
2022 · 33.6%
Interest coverage
2.32▼
2022 · 9.46
Debt
€7k▲
2022 · €5k
Debt ≤ 1 year
€7k▲
2022 · €5k
Income taxes
€1k▼
2022 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€22k€25k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€20k€24k▲
Amounts receivable within one year40/41€11k€20k▲
Trade receivables40€5k€592▼
Other amounts receivable41€6k€19k▲
Cash at bank and in hand54/58€8k€3k▼
Deferred charges and accrued income490/1€710€710=
Equity and liabilities
Total equity and liabilities10/49€22k€25k▲
Equity10/15€17k€19k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€12k€14k▲
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€434€876▲
Other operating charges640/8€95€238▲
Gross operating margin9900€12k€6k▼
Operating profit (loss)9901€11k€5k▼
Financial income75/76B€60-
Recurring financial income75€60-
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€10k€3k▼
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€7k€1k▼
Profit (loss) for the period to be appropriated9905€7k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€14k▲
Profit (loss) brought forward from the previous period14P€5k€12k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-05
KBO administration
Address struck
Imperiastraat 8 1930 Die Sitzadresse Imperiastraat 8 1930
Zaventem · event 05-05-2025
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €1k ▼80.8%
Net result drops to €1k, the lowest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2021net €7k ▲50.1%
Operating result €11k, net result €7k, both a record.
07-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Zaventem · 1 establishment unit since 2020
Ground area
7,975 m²
Building footprint
1,789 m²
Parcel 23094D0041/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
CSM SOLUTION
since 20202.302.844.930
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0041/00F000 | Flanders | 7,975 m² | 1 · 1,789 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BENJI CONSTRUCT
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 11,366 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-03-2020
Fiscal year end30-09
Activities, NACEBEL
41001General construction of residential buildings
33120Repair and maintenance of machinery
43211General electrical installation work
43240Other construction installation
43299Specialised construction activities
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.