CSP MANAGEMENT
ActiveSummary
CSP MANAGEMENT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,550 and a net result of €103,707. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▼-64
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 3.14 in 2024; short-term debt: 95.2% and cash: 50.6% of total assets), and 95.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
26.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31942 sector peers (2025).
NBB · sector comparisonPosition among 31942 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
25 d early
2024
3 d early
2023
16 d late
2022
62 d early
2021
59 d early
2020
57 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,550▼ 92.0%
2024 · €231,307
Total assets
€385,323▲ 14.9%
2024 · €335,314
Net result
€103,707▲ 8.3%
2024 · €95,793
Working capital
€12,152▼ 94.5%
2024 · €222,954
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€56,149▲ 38.5%€75,355▲ 34.2%€126,912▲ 68.4%€118,453▼ 6.7%€140,629▲ 18.7%
Net result€41,878within the sector's middle half▲ 34.1%€49,909within the sector's middle half▲ 19.2%€98,788above the sector's middle half▲ 97.9%€95,793above the sector's middle half▼ 3.0%€103,707above the sector's middle half▲ 8.3%
Equity€138,205within the sector's middle half▲ 50.6%€123,114within the sector's middle half▼ 10.9%€186,147within the sector's middle half▲ 51.2%€231,307within the sector's middle half▲ 24.3%€18,550below the sector's middle half▼ 92.0%
Total assets€160,771within the sector's middle half▲ 50.6%€226,399within the sector's middle half▲ 40.8%€263,360within the sector's middle half▲ 16.3%€335,314within the sector's middle half▲ 27.3%€385,323within the sector's middle half▲ 14.9%
Debt€22,566▲ 50.7%€103,286▲ 358%€77,213▼ 25.2%€104,007▲ 34.7%€366,773▲ 253%
Working capital€137,305above the sector's middle half▲ 51.1%€122,214within the sector's middle half▼ 11.0%€184,899above the sector's middle half▲ 51.3%€222,954above the sector's middle half▲ 20.6%€12,152within the sector's middle half▼ 94.5%
Solvency86.0%above the sector's middle half=54.4%within the sector's middle half▼ 31.6pp70.7%within the sector's middle half▲ 16.3pp69.0%within the sector's middle half▼ 1.7pp4.8%below the sector's middle half▼ 64.2pp
Current ratio7.08above the sector's middle half▲ 0.022.18within the sector's middle half▼ 4.903.39within the sector's middle half▲ 1.213.14within the sector's middle half▼ 0.251.03within the sector's middle half▼ 2.11
Return on assets (ROA)26.0%within the sector's middle half▼ 3.2pp22.0%within the sector's middle half▼ 4.0pp37.5%above the sector's middle half▲ 15.5pp28.6%within the sector's middle half▼ 8.9pp26.9%within the sector's middle half▼ 1.7pp
Staff (FTE)1
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €385,323
Fixed assets
€6,398 ▼ 23.4%
Current assets
€378,925 ▲ 15.9%
Equity and liabilities €385,323
Equity
€18,550 ▼ 92.0%
Debt
€366,773 ▲ 253%
Debt's share of the balance-sheet total rises from 31.0% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€142,585▲
2024 · €119,796
Cash flow
€105,662▲
2024 · €97,137
Debt to equity
19.77▲
2024 · 0.45
ROE
559.1%▲
2024 · 41.4%
Interest coverage
74.13▲
2024 · -10744.07
Debt ≤ 1 year
€366,773▲
2024 · €104,007
Income taxes
€38,281▲
2024 · €27,426
Staff costs
€69,835▲
2024 · €68,829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,151 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €4,516 | €48,233 | €69,581 | €68,829 | €69,835 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €139 | €1,343 | €1,956 | ▲ 45.6% |
| Other operating charges640/8 | €894 | €821 | €1,214 | €1,674 | €5,521 | ▲ 230% |
| Gross operating margin9900 | €61,558 | €124,409 | €197,845 | €190,299 | €217,941 | ▲ 14.5% |
| Operating profit (loss)9901 | €56,149 | €75,355 | €126,912 | €118,453 | €140,629 | ▲ 18.7% |
| Financial income75/76B | €209 | €1,059 | €695 | €4,755 | €3,282 | ▼ 31.0% |
| Recurring financial income75 | €209 | €1,059 | €695 | €4,755 | €3,282 | ▼ 31.0% |
| Financial charges65/66B | €2,531 | €8,606 | €134 | -€11 | €1,923 | ▲ 17,350% |
| Recurring financial charges65 | €2,531 | €8,606 | €134 | -€11 | €1,923 | ▲ 17,350% |
| Profit (loss) for the period before taxes9903 | €53,827 | €67,808 | €127,473 | €123,219 | €141,988 | ▲ 15.2% |
| Income taxes67/77 | €11,948 | €17,899 | €28,685 | €27,426 | €38,281 | ▲ 39.6% |
| Profit (loss) for the period9904 | €41,878 | €49,909 | €98,788 | €95,793 | €103,707 | ▲ 8.3% |
| Profit (loss) for the period to be appropriated9905 | €41,878 | €49,909 | €98,788 | €95,793 | €103,707 | ▲ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €160,771 | €226,399 | €263,360 | €335,314 | €385,323 | ▲ 14.9% |
| Fixed assets21/28 | €900 | €900 | €1,248 | €8,353 | €6,398 | ▼ 23.4% |
| Tangible fixed assets22/27 | - | - | €348 | €7,453 | €5,498 | ▼ 26.2% |
| Furniture and vehicles24 | - | - | €348 | €7,453 | €5,498 | ▼ 26.2% |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | €900 | = |
| Current assets29/58 | €159,871 | €225,499 | €262,113 | €326,961 | €378,925 | ▲ 15.9% |
| Amounts receivable within one year40/41 | €26,096 | €70,982 | €44,218 | €77,957 | €77,834 | ▼ 0.2% |
| Trade receivables40 | - | €27,225 | €30,734 | €34,660 | €0 | ▼ 100% |
| Other amounts receivable41 | €26,096 | €43,757 | €13,484 | €43,297 | €77,834 | ▲ 79.8% |
| Current investments50/53 | €39,547 | €63,073 | €93,073 | €105,213 | €102,973 | ▼ 2.1% |
| Cash at bank and in hand54/58 | €94,228 | €91,444 | €123,054 | €140,920 | €195,017 | ▲ 38.4% |
| Deferred charges and accrued income490/1 | - | - | €1,767 | €2,871 | €3,101 | ▲ 8.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €160,771 | €226,399 | €263,360 | €335,314 | €385,323 | ▲ 14.9% |
| Equity10/15 | €138,205 | €123,114 | €186,147 | €231,307 | €18,550 | ▼ 92.0% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | - | - | €167,597 | €212,757 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €167,597 | €212,757 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €119,655 | €104,564 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €22,566 | €103,286 | €77,213 | €104,007 | €366,773 | ▲ 253% |
| Amounts payable within one year42/48 | €22,566 | €103,286 | €77,213 | €104,007 | €366,773 | ▲ 253% |
| Trade debts44 | €2,101 | €7,359 | €181 | €5,195 | €6,955 | ▲ 33.9% |
| Suppliers440/4 | €2,101 | €7,359 | €181 | €5,195 | €6,955 | ▲ 33.9% |
| Taxes, remuneration and social security45 | €18,745 | €30,927 | €41,278 | €46,660 | €60,104 | ▲ 28.8% |
| Taxes450/3 | €18,329 | €24,869 | €29,506 | €36,593 | €49,667 | ▲ 35.7% |
| Remuneration and social security454/9 | €416 | €6,058 | €11,773 | €10,067 | €10,437 | ▲ 3.7% |
| Other amounts payable47/48 | €1,721 | €65,000 | €35,754 | €52,152 | €299,714 | ▲ 475% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,878 | €49,909 | €98,788 | €95,793 | €103,707 | ▲ 8.3% |
| + Depreciation and write-downs630 | - | - | €139 | €1,343 | €1,956 | ▲ 45.6% |
| Operating cash flow (approximation) | €41,878 | €49,909 | €98,927 | €97,137 | €105,662 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | €0 | -€487 | -€8,449 | €0 | ▲ 100% |
| Change in cash | - | -€2,784 | €31,609 | €17,867 | €54,097 | ▲ 203% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €103,707 ▲8.3%
Operating result €140,629, net result €103,707, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200,000Eq €231,307 ▲24.3%
6 profitable years in a row build equity to €231,307.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
31-12
Financial
Equity above €150,000Eq €186,147 ▲51.2%
5 profitable years in a row build equity to €186,147.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €138,205 ▲50.6%
3 profitable years in a row build equity to €138,205.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €31,225 ▼39.3%
Net result drops to €31,225, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial 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, Schilde · 1 establishment unit since 2019
Ground area
2,220 m²
Building footprint
240 m²
Volume, LiDAR
1,664 m³
Parcel 11039A0061/00P002, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Torfheidedreef 16, 2970 Schilde
since 20192.284.600.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039A0061/00P002 | Flanders | 2,220 m² | 1 · 239 m² | 11.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900U5TO8XU1Q7TD86
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 29,801 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
Founded28-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0719477407
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.