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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Late annual account NBB
Fiscal year 2024 was filed 419 days after the legal deadline.
Financials
Financial year 2024
CS GROUP from Schaarbeek, company number BE0764943780, closed financial year 2024 with a result of € -51,997 after tax. For that financial year CS GROUP recorded a gross margin of € 1.5 million and equity of € -35,565. Compared with financial year 2023, the result moved from € -39,920 to € -51,997. 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 September 23, 2026.
€ -35,565
▼ € 51,997 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,997
▼ 30 % more loss than in 2023
Profit after tax over the fiscal year.
€ 305,211
▲ 25% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -35,566.
People and assets in 2024
32.6
▲ 4.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.4 million
▲ 31% vs 2023
€ 43,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 194,761
▲ 2% vs 2023
Of which on lease € 169,796.
Debts at end 2024
€ 159,080
▲ 18% vs 2023
€ 42,478 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 274,602
▼ 10% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 358,906
▲ 29% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 218,166 | € 862,742 | € 1,187,808 | € 1,468,955 | ▲ 24% |
| Profit after taxes | € 25,601 | € 30,750 | € -39,920 | € -51,997 | ▼ € 12,076 |
| Equity | € 25,602 | € 56,352 | € 16,432 | € -35,565 | ▼ € 51,997 |
| Total debts | € 144,822 | € 482,712 | € 718,026 | € 792,808 | ▲ 10% |
| Cash | € 30,646 | € 72,208 | € 244,757 | € 305,211 | ▲ 25% |
| Retained profit | € 25,601 | € 56,351 | € 16,431 | € -35,566 | ▼ € 51,997 |
| Bank debt | € 0 | € 49,703 | € 135,166 | € 159,080 | ▲ 18% |
| Balance sheet total | € 170,424 | € 539,064 | € 734,458 | € 757,243 | ▲ 3% |
| Employees (FTE) | - | 38.2 | 28.4 | 32.6 | ▲ 4.2 |
Key figures of CS GROUP, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CS GROUP?
What happened at CS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 51,997. filed late Source: NBB ↗
- New establishment in Schaarbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,601 profit in 2021 to € 51,997 loss in 2024.
Paid € 58,309 in corporate taxes since 2021.
Best year ever: 2022, with € 30,750 profit.
On average € 45,100 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CS GROUP is Cemal Sahin. Cemal Sahin is also behind SMART TEAM.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Chaumontelstraat 20-22
1030 Schaarbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0764.943.780
- VAT number
- BE 0764.943.780
- Registered office
- Chaumontelstraat 20-22, 1030 Schaarbeek
- Names & denominations
- CS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 11 March 2021
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
Behandeling van gewassen na de oogst en van zaden voor vermeerdering