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 56 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CSA from Vorselaar, company number BE0780554941, closed financial year 2025 with a result of € 52,243 after tax. For that financial year CSA recorded a gross margin of € 128,048 and equity of € 234,725. Compared with financial year 2024, the result moved from € 38,779 to € 52,243. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 234,725
▲ 29% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,243
▲ 35% vs 2024
Profit after tax over the fiscal year.
€ 20,810
▼ 27% 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 € 229,725.
People and assets in 2025
€ 35,301
▼ 15% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 693,282
▼ 8% vs 2024
€ 50,526 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 9,181
▲ 123% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,570
▼ 25% 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 | € 122,235 | € 131,037 | € 115,250 | € 128,048 | ▲ 11% |
| Profit after taxes | € 82,856 | € 55,847 | € 38,779 | € 52,243 | ▲ 35% |
| Equity | € 87,856 | € 143,703 | € 182,483 | € 234,725 | ▲ 29% |
| Total debts | € 869,595 | € 858,671 | € 853,084 | € 788,828 | ▼ 8% |
| Cash | € 52,372 | € 33,358 | € 28,610 | € 20,810 | ▼ 27% |
| Land & buildings | € 833,148 | € 817,643 | € 884,593 | € 867,843 | ▼ 2% |
| Retained profit | € 82,856 | € 138,703 | € 177,483 | € 229,725 | ▲ 29% |
| Bank debt | € 781,092 | € 732,852 | € 750,167 | € 693,282 | ▼ 8% |
| Balance sheet total | € 957,451 | € 1,002,375 | € 1,035,567 | € 1,023,553 | ▼ 1% |
Key figures of CSA, 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 CSA?
What happened at CSA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 52,243 (▲ 35% vs 2024). Source: NBB ↗
- New establishment in Vorselaar. KBO
- Start of the company according to the CBE. KBO
In short
From € 82,856 profit in 2022 to € 52,243 profit in 2025.
Paid € 66,946 in corporate taxes since 2022.
Best year ever: 2022, with € 82,856 profit.
Management
Behind CSA is Ken Wuyts.
Directors
According to the 2025 annual accounts
Ken Wuyts
Director
Establishments
Establishment units
Physical locations of this company
Plein 15
2290 Vorselaar
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0780.554.941
- VAT number
- BE 0780.554.941
- Registered office
- Plein 15, 2290 Vorselaar
- Names & denominations
- CSA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2022
- Peppol
- Active · Active since 21 Oct 2026
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