Equity
CSS has made a profit without a break since 2012.
CSS has made a profit without a break since 2012.
The result fell in 2025 from €230,028 to €125,323.
The micro format states no turnover.
Short-term debts rose from €41,033 to €93,612.
The 2017 accounts came 23 days late. The other nine of the last ten were filed on time.
More equity than 91% of companies in head offices and management consultancy. Sector median €78,216 · 39,396 companies.
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 82% on liquidity, 58% on profitability and 65% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,811 companies had the same profile as CSS has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of CSS itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for CSS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 6.98 (12.22 in 2024), above the usual 1.5. Short-term debt is 12.2% and cash 32.2% of total assets. 17.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CSS Sint-Niklaas | €769,922 | €194,631 | 82.6% | - |
| AKEDOO Ghent | €700,658 | €187,447 | 93.5% | - |
| DESGRA Lokeren | €767,386 | €201,073 | 88.2% | - |
| BVD-con Ghent | €783,865 | €174,965 | 45.7% | - |
| UOMODUC Aalst | €747,003 | €178,313 | 89.2% | - |
| WILCO Hamme (Vl.) | €749,895 | €169,999 | 42.9% | - |
| ELLA MANAGEMENT Beveren-Kruibeke-Zwijndrecht | €850,447 | €215,567 | 54.4% | - |
These companies have the same main activity as CSS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €701,000 and €850,000, founded between 2008 and 2011.
CSS files the micro format. That format states no turnover. The gross margin rose from €24,185 in 2011 to €194,631 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €330,000. Estimated: probably between €280,000 and €390,000.
Higher than 80% of 39,364 companies in 2025.
Higher than 85% of 38,048 companies in 2025.
Higher than 53% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
769,922 | 622,547 | 373,438 | 451,876 | 396,074 | 247,354 | 215,932 | 216,498 | 207,444 | 149,119 | 182,039 | 120,991 | 126,412 | 78,284 | 419,226 | |
21/28 |
116,876 | 121,167 | 47,999 | 58,946 | 54,269 | 55,795 | 40,230 | 37,017 | 37,051 | 14,007 | 12,207 | 17,011 | 22,009 | 395 | 342,563 | |
22/27 |
116,851 | 121,142 | 47,974 | 58,921 | 54,244 | 55,770 | 40,205 | 36,992 | 37,026 | 13,982 | 12,182 | 16,986 | 21,984 | 385 | - | |
22 |
75,418 | 71,374 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
3,131 | 1,826 | 2,740 | 7,189 | 13,816 | 14,960 | 20,672 | 8,712 | - | - | 234 | 729 | 4,323 | 385 | - | |
24 |
5,248 | 8,798 | - | - | - | - | - | - | - | 3,783 | 117 | 586 | - | - | - | |
26 |
33,055 | 39,145 | 45,234 | 51,732 | 40,429 | 33,696 | 5,304 | 6,935 | 8,567 | 10,199 | 11,831 | 13,463 | - | - | - | |
28 |
25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 25 | 10 | 342,563 | |
29/58 |
653,045 | 501,380 | 325,439 | 392,930 | 341,805 | 191,559 | 175,702 | 179,482 | 170,393 | 135,112 | 169,832 | 103,980 | 104,403 | 77,888 | 76,664 | |
40/41 |
403,465 | 182,839 | 151,592 | 197,985 | 227,635 | 54,636 | 57,391 | 58,415 | 132,242 | 99,677 | 71,550 | 63,169 | 66,386 | 41,637 | 64,451 | |
40 |
232,199 | 20,438 | 30,763 | 95,735 | 189,635 | 22,522 | 17,114 | 7,260 | 75,100 | 56,418 | 56,681 | 49,729 | 66,386 | 41,637 | 64,451 | |
41 |
171,266 | 162,401 | 120,829 | 102,250 | 38,000 | 32,114 | 40,277 | 51,155 | 57,141 | 43,259 | 14,869 | 13,441 | - | - | - | |
54/58 |
248,053 | 316,149 | 171,686 | 192,856 | 110,914 | 133,433 | 116,793 | 117,436 | 34,394 | 34,246 | 97,582 | 40,188 | 38,017 | 36,251 | 12,212 | |
490/1 |
1,527 | 2,392 | 2,160 | 2,088 | 3,256 | 3,490 | 1,518 | 3,631 | 3,758 | 1,189 | 700 | 623 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
769,922 | 622,547 | 373,438 | 451,876 | 396,074 | 247,354 | 215,932 | 216,498 | 207,444 | 149,119 | 182,039 | 120,991 | 126,412 | 78,284 | 419,226 | |
10/15 |
635,989 | 537,191 | 308,881 | 352,955 | 264,573 | 210,447 | 162,624 | 157,765 | 139,341 | 104,569 | 108,632 | 72,852 | 72,143 | 41,621 | 3,722 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
629,789 | 530,991 | 302,681 | 346,755 | 258,373 | 204,247 | 156,424 | 151,565 | 133,141 | 98,369 | 102,432 | 66,652 | 65,943 | 35,421 | - | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | |
132 |
98,763 | 98,763 | 14,563 | 14,563 | 14,563 | 14,563 | 33,313 | 33,313 | 33,313 | 18,750 | 18,750 | 18,750 | 34,110 | - | - | |
133 |
531,026 | 432,228 | 288,118 | 330,332 | 241,950 | 187,825 | 121,252 | 116,392 | 97,968 | 77,759 | 81,822 | 46,042 | 29,972 | 33,561 | - | |
14 |
0 | 0 | 0 | 0 | - | - | - | - | - | - | - | - | - | - | -2,478 | |
17/49 |
133,933 | 85,356 | 64,557 | 98,921 | 131,501 | 36,907 | 53,308 | 58,734 | 68,104 | 44,550 | 73,407 | 48,139 | 54,269 | 36,662 | 415,504 | |
17 |
39,321 | 43,723 | - | - | - | - | 2,693 | 10,258 | 17,734 | - | - | - | 8,116 | - | 299,090 | |
170/4 |
39,321 | 43,723 | - | - | - | - | 2,693 | 10,258 | 17,734 | - | - | - | 8,116 | - | 299,090 | |
42/48 |
93,612 | 41,033 | 64,557 | 98,921 | 131,501 | 36,907 | 50,479 | 48,296 | 50,370 | 44,550 | 73,407 | 48,139 | 46,154 | 36,662 | 100,354 | |
42 |
25,010 | 30,718 | 8,872 | 8,783 | - | 2,693 | 7,566 | 7,476 | 7,387 | - | 1,060 | 3,278 | 6,128 | - | 43,472 | |
43 |
- | 0 | 1,394 | 449 | - | - | - | - | 129 | - | - | - | - | - | - | |
430/8 |
- | 0 | 1,394 | 449 | - | - | - | - | 129 | - | - | - | - | - | - | |
44 |
2,789 | 4,430 | 4,655 | 23,200 | 5,975 | 1,904 | 16,030 | 13,252 | 23,844 | 14,693 | 14,964 | 9,263 | 14,448 | 10,022 | 40,783 | |
440/4 |
2,789 | 4,430 | 4,655 | 23,200 | 5,975 | 1,904 | 16,030 | 13,252 | 23,844 | 14,693 | 14,964 | 9,263 | 14,448 | 10,022 | 40,783 | |
45 |
63,533 | 3,524 | 28,252 | 63,134 | 74,817 | 29,885 | 5,011 | 18,302 | 15,963 | 29,858 | 57,384 | 35,597 | 19,845 | 24,644 | 11,603 | |
450/3 |
63,533 | 3,524 | 28,252 | 63,134 | 74,817 | 29,885 | 5,011 | 18,302 | 15,963 | 29,858 | 57,384 | 35,597 | 19,845 | 24,644 | 11,603 | |
47/48 |
2,281 | 2,361 | 21,385 | 3,355 | 50,709 | 2,426 | 21,873 | 9,265 | 3,047 | - | - | - | 5,733 | 1,996 | 4,496 | |
492/3 |
1,000 | 600 | - | - | - | - | 136 | 180 | - | - | - | - | - | - | 16,060 | |
| Income statement | ||||||||||||||||
9900 |
194,631 | 306,263 | -5,999 | 143,986 | 174,921 | 91,545 | 58,093 | 42,448 | 62,377 | 11,838 | 68,954 | 110,106 | 62,632 | 62,982 | 24,185 | |
630 |
13,921 | 9,983 | 10,946 | 13,226 | 18,475 | 15,052 | 14,459 | 10,925 | 8,747 | 3,764 | 4,804 | 24,209 | 12,713 | 193 | - | |
640/8 |
7,576 | 2,290 | 1,428 | 1,515 | 4,842 | 1,652 | 4,391 | 2,933 | 5,212 | 1,215 | 1,341 | 3,053 | 2,003 | 300 | 6,023 | |
9901 |
173,133 | 293,990 | -18,374 | 129,246 | 151,605 | 74,840 | 39,243 | 28,590 | 48,419 | 6,858 | 62,809 | 82,843 | 47,916 | 62,489 | 18,162 | |
75/76B |
10,303 | 2,833 | 22,601 | 0 | 68 | 572 | - | 1,439 | 2,585 | 3,676 | 42 | 46 | 54 | 75 | 9 | |
75 |
10,303 | 2,833 | 22,601 | 0 | 68 | 572 | - | 1,439 | 2,585 | 3,676 | 42 | 46 | 54 | 75 | 9 | |
65/66B |
3,343 | 2,364 | 869 | 708 | 390 | 629 | 828 | 660 | 503 | 520 | 1,376 | 1,571 | 1,097 | 3,272 | 20,648 | |
65 |
3,343 | 2,364 | 869 | 708 | 390 | 629 | 828 | 660 | 503 | 520 | 1,376 | 1,571 | 1,097 | 3,272 | 20,648 | |
9903 |
180,094 | 294,459 | 3,358 | 128,538 | 151,283 | 74,783 | 38,414 | 29,369 | 50,501 | 10,014 | 61,476 | 81,317 | 46,874 | 59,291 | -2,477 | |
67/77 |
54,770 | 64,430 | 2,697 | 38,556 | 45,732 | 25,360 | 11,930 | 9,345 | 15,729 | 5,577 | 25,695 | 40,608 | 9,079 | 21,392 | 1 | |
9904 |
125,323 | 230,028 | 661 | 89,982 | 105,551 | 49,423 | 26,484 | 20,024 | 34,772 | 4,437 | 35,780 | 40,710 | 37,795 | 37,899 | -2,478 | |
789 |
- | - | - | - | - | 18,750 | - | - | - | - | - | 15,360 | - | - | - | |
689 |
0 | 84,200 | - | - | - | - | - | - | 14,563 | - | - | - | 18,750 | - | - | |
9905 |
125,323 | 145,828 | 661 | 89,982 | 105,551 | 68,173 | 26,484 | 20,024 | 20,209 | 4,437 | 35,780 | 56,070 | 19,045 | 37,899 | -2,478 | |
| Appropriation of the result | ||||||||||||||||
9906 |
125,323 | 145,828 | 661 | 89,982 | 105,551 | 68,173 | 26,484 | 20,024 | 20,209 | 4,437 | 35,780 | 56,070 | 19,045 | 35,421 | -2,478 | |
791/2 |
24,860 | 194 | 44,736 | 297 | 51,425 | 1,600 | 20,000 | - | - | 8,500 | 14,045 | 29,972 | - | - | - | |
691/2 |
123,657 | 144,304 | 661 | 88,679 | 105,551 | 68,173 | 24,860 | 18,424 | 20,209 | 4,437 | 49,825 | 46,042 | 14,045 | 35,421 | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | - | |
6921 |
123,657 | 144,304 | 661 | 88,679 | 105,551 | 68,173 | 24,860 | 18,424 | 20,209 | 4,437 | 49,825 | 46,042 | 14,045 | 33,561 | - | |
694/7 |
26,526 | 1,718 | 44,736 | 1,600 | 51,425 | 1,600 | 21,624 | 1,600 | - | 8,500 | - | 40,000 | 5,000 | - | - | |
694 |
26,526 | 1,718 | 44,736 | 1,600 | 51,425 | 1,600 | 21,624 | 1,600 | - | 8,500 | - | 40,000 | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,000 | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-07-2026 | 2026-00319977 | |
| 31-12-2024 | micro format | 10-07-2025 | 2025-00252772 | |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00127838 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00258291 | |
| 31-12-2021 | micro format | 03-07-2022 | 2022-20156344 | |
| 31-12-2020 | micro format | 06-07-2021 | 2021-31900320 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-31500315 | |
| 31-12-2018 | micro format | 01-07-2019 | 2019-26700261 | |
| 31-12-2017 | micro format | 23-08-2018 | 2018-49300060 | |
| 31-12-2016 | micro format | 05-07-2017 | 2017-27800027 | |
| 31-12-2015 | abbreviated format | 18-07-2016 | 2016-33400068 | |
| 31-12-2014 | abbreviated format | 03-07-2015 | 2015-27000014 | |
| 31-03-2013 | abbreviated format | 28-10-2013 | 2013-64300427 | |
| 31-03-2012 | abbreviated format | 31-10-2012 | 2012-62700599 | |
| 31-03-2011 | abbreviated format | 28-10-2011 | 2011-59100558 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 187,055 | 303,973 | -7,428 | 142,472 | 170,080 | 89,893 | 53,702 | 39,515 | 57,165 | 10,623 | 67,613 | 107,052 | 60,630 | 62,682 | - | ||
| 139,244 | 240,011 | 11,608 | 103,208 | 124,026 | 64,475 | 40,943 | 30,949 | 43,518 | 8,201 | 40,584 | 64,919 | 50,508 | 38,092 | - | ||
| 9,630 | 83,150 | 0 | 17,902 | 16,949 | 30,617 | 17,673 | 12,542 | 35,574 | 5,564 | 0 | 19,211 | 34,327 | 588 | 342,563 | ||
| -68,096 | 144,463 | -21,170 | 81,943 | -22,519 | 16,640 | -643 | 83,042 | 148 | -63,336 | 57,395 | 2,170 | 1,766 | 24,039 | - | ||
| 559,434 | 460,347 | 260,881 | 294,009 | 210,304 | 154,652 | 125,223 | 131,186 | 120,023 | 90,562 | 96,425 | 55,841 | 58,249 | 41,226 | -23,690 | ||
| 82.6% | 86.3% | 82.7% | 78.1% | 66.8% | 85.1% | 75.3% | 72.9% | 67.2% | 70.1% | 59.7% | 60.2% | 57.1% | 53.2% | 0.9% | ||
| 6.98 | 12.22 | 5.04 | 3.97 | 2.60 | 5.19 | 3.48 | 3.72 | 3.38 | 3.03 | 2.31 | 2.16 | 2.26 | 2.12 | 0.76 | ||
| 0.21 | 0.16 | 0.21 | 0.28 | 0.50 | 0.18 | 0.33 | 0.37 | 0.49 | 0.43 | 0.68 | 0.66 | 0.75 | 0.88 | - | ||
| 19.7% | 42.8% | 0.2% | 25.5% | 39.9% | 23.5% | 16.3% | 12.7% | 25.0% | 4.2% | 32.9% | 55.9% | 52.4% | 91.1% | -66.6% | ||
| 16.3% | 36.9% | 0.2% | 19.9% | 26.6% | 20.0% | 12.3% | 9.2% | 16.8% | 3.0% | 19.7% | 33.6% | 29.9% | 48.4% | -0.6% | ||
| 55.95 | over 100 | -8.55 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Carrying value of the mortgaged assets | €75,418 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,630 | €83,150 | - | €17,902 | €16,949 |
| €13,921 | €9,983 | €10,946 | €13,226 | €18,475 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 41% lower than in 2024.
Debt's share of the balance-sheet total rises from 13.7% to 17.4%. Equity and debt are higher.
Source: list of holdings in its own 31-03-2011 accounts. The amounts are in that list and come from the holdings' accounts at 31-03-2010, in their own currency.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zakstraat 119 registered office 9112 Sint-Niklaas 6811001 Buying and selling of own real estate | 22-03-2010 | 2.186.422.263 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 46019B0348/00B000 | 784 m² | 1 · 157 m² | 7.8 m · 2 |
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