CST PROPERTIES
Open bankruptcyA bankruptcy procedure is open for CST PROPERTIES according to publications in the Belgian State Gazette; curator: Catherine HERINCKX. The file additionally contains 4 interim measures and 1 judicial reorganisation. The 2023 annual accounts show equity of €686k and a net result of €-127k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, abbreviated schema
Equity
€686k▼ 15.6%
2022 · €812k
2018: €-173k
2019: €289k
2020: €330k
2021: €337k
2022: €812k
2018 → 2023
Total assets
€1.95M▼ 3.4%
2022 · €2.01M
2018: €709k
2019: €1.50M
2020: €1.54M
2021: €1.56M
2022: €2.01M
2018 → 2023
Net result
€-127k
2022 · €34k
2018: €8k
2019: €-7k
2020: €41k
2021: €7k
2022: €34k
2018 → 2023
Working capital
€78k▼ 57.1%
2022 · €182k
2018: €-165k
2019: €21k
2020: €136k
2021: €93k
2022: €182k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€289k-€330k▲ 14.2%€337k▲ 2.0%€812k▲ 141%€686k▼ 15.6%
Operating result€11k-€51k▲ 373%€19k▼ 61.6%€44k▲ 127%€-128k
Net result€-7k-€41k€7k▼ 84.2%€34k▲ 420%€-127k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €128k after €44k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.95M
Fixed assets
€1.43M▼ 2.6%
Current assets
€516k▼ 5.4%
Equity and liabilities €1.95M
Equity
€686k▼ 15.6%
Debt
€1.26M▲ 4.9%
The debt ratio rises from 59.7% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▼
2022 · €159k
Cash flow
€-13k▼
2022 · €149k
Solvency
35.2%▼
2022 · 40.3%
Current ratio
1.18▼
2022 · 1.50
Quick ratio
1.18▼
2022 · 1.50
Debt / equity
1.84▲
2022 · 1.48
ROE
-18.5%▼
2022 · 4.2%
ROA
-6.5%▼
2022 · 1.7%
Interest coverage
-0.73▼
2022 · 5.14
Debt
€1.26M▲
2022 · €1.20M
Debt ≤ 1 year
€438k▲
2022 · €364k
Debt > 1 year
€811k▼
2022 · €831k
Staff costs
€103k▲
2022 · €67k
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€2.01M€1.95M▼
Fixed assets21/28€1.47M€1.43M▼
Tangible fixed assets22/27€1.47M€1.43M▼
Land and buildings22€1.44M€1.40M▼
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€17k€23k▲
Current assets29/58€546k€516k▼
Amounts receivable within one year40/41€539k€357k▼
Trade receivables40€37k€28k▼
Other amounts receivable41€502k€329k▼
Cash at bank and in hand54/58€370€68▼
Deferred charges and accrued income490/1€6k€159k▲
Equity and liabilities
Total equity and liabilities10/49€2.01M€1.95M▼
Equity10/15€812k€686k▼
Contributions10/11€30k€30k=
Capital10€30k€30k=
Issued capital100€30k€30k=
Revaluation surpluses12€911k€911k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-131k€-258k▼
Amounts payable17/49€1.20M€1.26M▲
Amounts payable after more than one year17€831k€811k▼
Financial debts170/4€831k€811k▼
Amounts payable within one year42/48€364k€438k▲
Current portion of amounts payable after more than one year42€38k€39k▲
Financial debts43€39€678▲
Credit institutions430/8€39€678▲
Trade debts44€15k€116k▲
Suppliers440/4€15k€116k▲
Taxes, remuneration and social security45€60k€31k▼
Taxes450/3€47k-
Remuneration and social security454/9€12k€31k▲
Other amounts payable47/48€251k€251k=
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20222023
Goods, raw materials, services and sundry goods60/61€133k€228k▲
Remuneration, social security and pensions62€67k€103k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€114k▼
Other operating charges640/8€8k€40k▲
Gross operating margin9900€234k€128k▼
Operating profit (loss)9901€44k€-128k▼
Financial income75/76B€22k€22k▲
Recurring financial income75€22k€22k▲
Financial charges65/66B€31k€20k▼
Recurring financial charges65€31k€20k▼
Profit (loss) for the period before taxes9903€35k€-127k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€34k€-127k▼
Profit (loss) for the period to be appropriated9905€34k€-127k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-131k€-258k▼
Profit (loss) brought forward from the previous period14P€-165k€-131k▲
Social balance
Average headcount (FTE)90872.32.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
07-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL CST PROPERTIES AVENUE LOUISE 250, 1050 IXELLES · event 03-11-2025
26-09
Interim measure
Provisional administrator
Tribunal de l’entreprise francophone de Bruxelles
19-09
Interim measure
Provisional administrator
Tribunal de l’entreprise francophone de Bruxelles
15-04
Interim measure
Provisional administrator
Tribunal de l’entreprise francophone de Bruxelles · Nicholas OUCHINSKY
25-02
Judicial reorganisation
Practitioner designation
Tribunal de l’entreprise francophone de Bruxelles
2024
08-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 100 days late
2023
31-12
Financial
Weakest financial yearnet €-127k ▼474%
Net result drops to €-127k, the lowest in the series.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 32 days late
2022
31-12
Financial
Equity above €500kEq €812k ▲141%
3 profitable years in a row build equity to €812k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 12 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.49 to 1.08; short-term debt falls from €326k to €270k.
31-12
Financial
Equity above €200kEq €289k
Equity rises from €-173k to €289k.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 36 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2015
03-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 34 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 2501050 ElseneGround area
3,191 m²
Building footprint
944 m²
Volume, LiDAR
35,380 m³
2 parcels, Brussels, Flanders · tallest building 45.4 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
CST PROPERTIES
since 20182.276.636.025
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0043/00E045 | Flanders | 2,213 m² | 1 · 55 m² | 11.6 m · 1 fl. |
| 21807G0123/00P004 | Brussels | 977 m² | 1 · 890 m² | 45.4 m · 14 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | Catherine HERINCKX AVENUE DU CONGO 1,
1050 IXELLES |
03-11-2025 → present |
| Interim administrator | Nicholas OUCHINSKY | 15-04-2025 → present |
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,213 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-01-2012
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.