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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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CSE RETAIL from Erpe-Mere, company number BE0505966153, closed financial year 2025 with a result of € 894,353 after tax. For that financial year CSE RETAIL recorded a gross margin of € 956,959 and equity of € 2.6 million. Compared with financial year 2024, the result moved from € 235,682 to € 894,353. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 2.6 million
▲ 54% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 894,353
▲ 279% vs 2024
Profit after tax over the fiscal year.
€ 16,153
▼ 80% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.5 million.
Debts at end 2025
€ 16.5 million
▲ 294% vs 2024
€ 563,223 is repaid this year. At this pace the long-term loan is gone in ≈ 27 years.
€ 20,824
▼ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,102
▲ 57% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 787,135 | € 857,092 | € 793,120 | € 956,959 | ▲ 21% |
| Profit after taxes | € 273,478 | € 330,023 | € 235,682 | € 894,353 | ▲ 279% |
| Equity | € 1,097,543 | € 1,427,566 | € 1,663,248 | € 2,557,601 | ▲ 54% |
| Total debts | € 4,961,352 | € 5,066,829 | € 4,780,919 | € 16,690,961 | ▲ 249% |
| Cash | € 1,063,483 | € 148,598 | € 80,988 | € 16,153 | ▼ 80% |
| Land & buildings | € 4,279,222 | € 4,026,449 | € 3,773,676 | € 2,705,743 | ▼ 28% |
| Retained profit | € 1,078,943 | € 1,408,966 | € 1,644,648 | € 2,539,001 | ▲ 54% |
| Bank debt | € 4,401,170 | € 4,501,566 | € 4,194,331 | € 16,531,281 | ▲ 294% |
| Balance sheet total | € 6,058,895 | € 6,494,394 | € 6,444,166 | € 19,479,957 | ▲ 202% |
Key figures of CSE RETAIL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CSE RETAIL?
What happened at CSE RETAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 894,353 (▲ 279% vs 2024). Source: NBB ↗
- Dirk De Backer became a director. NBB
- Jonachim Goedgezelschap became a director. NBB
- New establishment in Erpe-Mere. KBO
- Start of the company according to the CBE. KBO
In short
From € 273,478 profit in 2022 to € 894,353 profit in 2025.
Paid € 340,898 in corporate taxes since 2022.
Best year ever: 2025, with € 894,353 profit.
Management
Behind CSE RETAIL are Dirk De Backer and Jonachim Goedgezelschap. It owns C-Immo and Awans Invest itself.
Directors
According to the 2025 annual accounts
Dirk De Backer
Director
Also active at: Eronda, ETS DE BACKER, E.B.M., ROBA, IMMO-LUX, DE VERENIGDE MEUBELFABRIKANTEN, KEIZERSPLEIN 39, WOONMODE +13 more
since 2022
Jonachim Goedgezelschap
Director
Also active at: E.B.M., ROBA, IMMO-LUX, DE VERENIGDE MEUBELFABRIKANTEN, KEIZERSPLEIN 39, UBK BELGIAN PROPERTY COMPANY, AWANS INVEST, BLANCHEAU RETAIL +9 more
since 2022
Establishments
Establishment units
Physical locations of this company
Kuilstraat 47-49
9420 Erpe-Mere
Kuilstraat 47
9420 Erpe-Mere
Active since 23 January 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Eronda same network
€ 1.1 million gross margin · 2025
ROBA same network
€ 232,093 gross margin · 2025
DE VERENIGDE MEUBELFABRIKANTEN same network
€ 1.7 million gross margin · 2025
WOONMODE same network
€ 835,845 gross margin · 2025
AWANS INVEST same network
€ 2.3 million gross margin · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0505.966.153
- VAT number
- BE 0505.966.153
- Registered office
- Kuilstraat 47-49, 9420 Erpe-Mere
- Names & denominations
- CSE RETAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 2014
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
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