Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
C.S.M. from Chaudfontaine, company number BE0460058330, closed financial year 2023 with a result of € -122,204 after tax. For that financial year C.S.M. recorded revenue of € 641,304 and equity of € 81,718. Compared with financial year 2022, the result moved from € -47,762 to € -122,204. The company made a loss. The buffer shrank hard: equity is 60 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 27, 2024.
€ 81,718
▼ 60% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -122,204
▼ 156 % more loss than in 2022
Profit after tax over the fiscal year.
€ 10,524
▼ 89% vs 2022
Cash and bank balances on the last day of the fiscal year.
People and assets in 2023
€ 522,420
▼ 4% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,379
▼ 86% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 12,402
▼ 48% vs 2022
€ 6,891 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 25,132
▲ 44% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 35,872
▲ 4% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 783,381 | € 833,677 | € 641,304 | ▼ 23% |
| Gross margin | € 540,326 | € 560,150 | € 440,554 | ▼ 21% |
| Profit after taxes | € 70,014 | € -47,762 | € -122,204 | ▼ € 74,442 |
| Equity | € 251,684 | € 203,922 | € 81,718 | ▼ 60% |
| Total debts | € 68,827 | € 76,049 | € 73,406 | ▼ 3% |
| Cash | € 122,735 | € 95,270 | € 10,524 | ▼ 89% |
| Land & buildings | € 114,193 | € 110,113 | € 106,033 | ▼ 4% |
| Retained profit | € 251,684 | € 203,922 | € 81,718 | ▼ 60% |
| Bank debt | € 40,315 | € 23,758 | € 12,402 | ▼ 48% |
| Balance sheet total | € 320,511 | € 279,971 | € 155,124 | ▼ 45% |
Key figures of C.S.M., fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to C.S.M.?
What happened at C.S.M. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
C.S.M. is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 122,204. filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
In short
From € 70,014 profit in 2021 to € 122,204 loss in 2023.
Paid € 1,245 in corporate taxes since 2021.
Best year ever: 2021, with € 70,014 profit.
Establishments
Establishment units
Physical locations of this company
Rue du XIII Août 42
4050 Chaudfontaine
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0460.058.330
- VAT number
- BE 0460.058.330
- Registered office
- Rue du XIII Août 42, 4050 Chaudfontaine
- Names & denominations
- C.S.M.
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Opening faillissement
- Start date
- 4 December 1996
- Peppol
- Not registered