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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CSDG from Stoumont, company number BE0724797856, closed financial year 2025 with a result of € -3,003 after tax. For that financial year CSDG recorded a gross margin of € 8,582 and equity of € -23,039. Compared with financial year 2024, the result moved from € -16,611 to € -3,003. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 14, 2026.
€ -23,039
▼ € 3,003 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3,003
▲ 82 % less loss than in 2024
Profit after tax over the fiscal year.
€ 84
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30,539.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 82,346
▼ 5% vs 2024
€ 5,049 is repaid this year. At this pace the long-term loan is gone in ≈ 16 years.
€ 1,705
▼ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,654
▲ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,511 | € 14,115 | € -2,865 | € 8,582 | ▲ € 11,447 |
| Profit after taxes | € 5,169 | € -1,753 | € -16,611 | € -3,003 | ▲ € 13,608 |
| Equity | € -1,672 | € -3,425 | € -20,036 | € -23,039 | ▼ € 3,003 |
| Total debts | € 49,751 | € 60,863 | € 130,092 | € 129,110 | ▼ 1% |
| Cash | € 519 | € 1,700 | € 309 | € 84 | ▼ 73% |
| Land & buildings | - | - | € 96,436 | € 94,098 | ▼ 2% |
| Retained profit | € -9,172 | € -10,925 | € -27,536 | € -30,539 | ▼ € 3,003 |
| Bank debt | € 8,050 | € 348 | € 86,793 | € 82,346 | ▼ 5% |
| Balance sheet total | € 48,079 | € 57,439 | € 110,056 | € 106,071 | ▼ 4% |
Key figures of CSDG, 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 CSDG?
What happened at CSDG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3,003. filed late Source: NBB ↗
- Sébastien GIECEWICZ stepped down as director. NBB
- New establishment in Stoumont. KBO
- Claude GIECEWICZ became a director. NBB
- Sébastien GIECEWICZ became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,169 profit in 2022 to € 3,003 loss in 2025.
Best year ever: 2022, with € 5,169 profit.
Management
Behind CSDG is Claude GIECEWICZ.
Directors
According to the 2025 annual accounts
Claude GIECEWICZ
Manager
since 2019
Sébastien GIECEWICZ
Manager
since 2019 · until 2024
Establishments
Establishment units
Physical locations of this company
Cheneux 17/2
4987 Stoumont
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0724.797.856
- VAT number
- BE 0724.797.856
- Registered office
- Cheneux 17/2, 4987 Stoumont
- Names & denominations
- CSDG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 April 2019
- Peppol
- Not registered
- Contact
- evasioncheneuxstoumont.be