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 2 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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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2025
Construct CSE 2 Equilis from Waterloo, company number BE0773405843, closed financial year 2025 with a result of € -105,510 after tax. Compared with financial year 2024, the result moved from € -33,259 to € -105,510. 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 July 8, 2026.
€ -110,514
▼ € 105,510 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -105,510
▼ 217 % more loss than in 2024
Profit after tax over the fiscal year.
€ 18,331
▼ 45% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -172,014.
Debts at end 2025
€ 2.5 million
Loans from banks and other lenders, long and short.
€ 296,753
▲ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 28 days on average.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -23,509 | € -9,737 | € -33,259 | € -105,510 | ▼ € 72,251 |
| Equity | € 37,991 | € 28,254 | € -5,005 | € -110,514 | ▼ € 105,510 |
| Total debts | € 1,180,746 | € 1,227,238 | € 5,678,588 | € 10,266,283 | ▲ 81% |
| Cash | € 210,088 | € 130,074 | € 33,075 | € 18,331 | ▼ 45% |
| Retained profit | € -23,509 | € -33,246 | € -66,505 | € -172,014 | ▼ € 105,510 |
| Bank debt | € 0 | € 0 | € 0 | € 2,510,000 | |
| Balance sheet total | € 1,218,737 | € 1,255,492 | € 5,673,584 | € 10,155,768 | ▲ 79% |
Key figures of Construct CSE 2 Equilis, 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 Construct CSE 2 Equilis?
What happened at Construct CSE 2 Equilis in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- HEWIMA SRL stepped down as director. NBB
- CELINE SARRAF stepped down as director. NBB
- CLAPEYTO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 105,510. Source: NBB ↗
- Keystone SRL stepped down as director. NBB
- Keystone SRL became a director. NBB
- ABSOLUTE CONSULTING SPRL stepped down as director. NBB
- HEWIMA SRL became a director. NBB
In short
From € 23,509 loss in 2022 to € 105,510 loss in 2025.
Pays suppliers within 28 days on average.
Management
The stake of DUODEV comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Construct CSE 2 EquilisThe shares are held by DUODEV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Guillaume Beuscart
Also active at: OTTIGNIMMO, MESTDAGH, HD17 HOLDING, ALIPHIL, SUPALI, HD17 IMMO, SUPERLOG, CSE H2 +28 more
since 2025 · until 2031
CELINE SARRAF
Director
since 2021 · until 2028
Director · represented by Thomas Rihoux
Also active at: OTTIGNIMMO, MECCO-GOSSENT, ALIPHIL, SUPALI, CSE H2, BELMONT PROPERTIES, C-IMMO, BRENTIMMO +25 more
since 2025 · until 2026
since 2021 · until 2028
Director · 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 2021 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Drève Richelle 161 Bat D box 19
1410 Waterloo
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0773.405.843
- VAT number
- BE 0773.405.843
- Registered office
- Drève Richelle 161 Bat D bus 19, 1410 Waterloo
- Names & denominations
- Construct CSE 2 Equilis · CCSE2
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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