Financials
Financial year 2025
CSE 3 from Waterloo, company number BE0720683175, closed financial year 2025 with a result of € 762,382 after tax. Compared with financial year 2024, the result moved from € -432,745 to € 762,382. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 5.5 million
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 762,382
▲ still € 432,745 loss in 2024
Profit after tax over the fiscal year.
€ 32,296
▼ 73% 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 € 265,951.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 10,586
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 49 days on average.
€ 95,800
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 437,465 | € 501,478 | € 247,582 | - | |
| Profit after taxes | € 285,195 | € -4,354 | € -432,745 | € 762,382 | ▲ € 1.2 million |
| Equity | € 5,201,437 | € 5,197,083 | € 4,764,338 | € 5,526,720 | ▲ 16% |
| Total debts | € 856,352 | € 570,548 | € 1,081,042 | € 631,654 | ▼ 42% |
| Cash | € 30,141 | € 1,572 | € 117,787 | € 32,296 | ▼ 73% |
| Land & buildings | € 5,759,979 | € 5,631,873 | € 5,535,619 | - | |
| Retained profit | € -59,332 | € -63,686 | € -496,431 | € 265,951 | ▲ € 762,382 |
| Bank debt | € 745,524 | € 545,025 | € 0 | € 0 | |
| Balance sheet total | € 6,057,789 | € 5,767,631 | € 5,845,380 | € 6,158,374 | ▲ 5% |
Key figures of CSE 3, fiscal years 2023 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 3?
What happened at CSE 3 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 762,382. Source: NBB ↗
- ABSOlute Consulting SRL stepped down as director. NBB
- HEWIMA SRL became a director. NBB
- Xavier Pierlet SRL became a director. NBB
- KEYSTONE SRL became a director. NBB
- ABSOlute Consulting SRL became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 285,195 profit in 2023 to € 762,382 profit in 2025.
Paid € 95,800 in corporate taxes since 2023.
Best year ever: 2025, with € 762,382 profit.
Pays suppliers within 49 days on average.
Management
The stake of C.P. Bourg, JEC INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CSE 3Behind CSE 3 are Xavier Pierlet SRL, HEWIMA SRL and KEYSTONE SRL. The shares are held by C.P. Bourg (100%) and JEC INVEST (100%).
Directors
According to the 2025 annual accounts
Administrateur · represented by Xavier Pierlet
Also active at: OTTIGNIMMO, MECCO-GOSSENT, HD17 HOLDING, ALIPHIL, HD17 IMMO, CSE H2, BELMONT PROPERTIES, C-IMMO +26 more
since 2024
Director · represented by Guillaume Beuscart
Also active at: OTTIGNIMMO, MESTDAGH, HD17 HOLDING, ALIPHIL, SUPALI, HD17 IMMO, SUPERLOG, CSE H2 +28 more
since 2025
Administrateur · represented by Thomas Rihoux
Also active at: OTTIGNIMMO, MECCO-GOSSENT, ALIPHIL, SUPALI, CSE H2, BELMONT PROPERTIES, C-IMMO, BRENTIMMO +25 more
since 2024
Administrateur · represented by Olivier Beguin
Also active at: I.D., THOMAS & PIRON HOME, ORTHOPEDIE TOUSSAINT, OTTIGNIMMO, Galère, Sporsystem, MECCO-GOSSENT, Société anonyme WAUTERS NV +50 more
since 2024 · until 2025
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Drève Richelle 161/D box 19
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0720.683.175
- VAT number
- BE 0720.683.175
- Registered office
- Drève Richelle 161/D bus 19, 1410 Waterloo
- Names & denominations
- CSE 3
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 February 2019
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Handel in eigen onroerend goed