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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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.5 to 6.5.
Financials
Financial year 2026
CS DISTRIBUTION from Liège, company number BE0890579665, closed financial year 2026 with a result of € -136,798 after tax. For that financial year CS DISTRIBUTION recorded a gross margin of € 123,987 and equity of € -281,622. Compared with financial year 2025, the result moved from € 109,430 to € -136,798. 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 29, 2026.
€ -281,622
▼ € 136,798 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -136,798
▼ still € 109,430 profit in 2025
Profit after tax over the fiscal year.
€ 42,101
▼ 37% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -356,622.
People and assets in 2026
6.5
▼ 1.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 234,254
▲ 11% vs 2025
€ 36,000 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.
€ 149
▼ 56% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 396,263
▲ 20% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 34,723
▼ 22% vs 2025
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 292,278 | € 94,098 | € 343,166 | € 123,987 | ▼ 64% |
| Profit after taxes | € 80,244 | € -106,768 | € 109,430 | € -136,798 | ▼ € 246,228 |
| Equity | € -147,486 | € -254,254 | € -144,824 | € -281,622 | ▼ € 136,798 |
| Total debts | € 389,215 | € 625,923 | € 410,749 | € 510,506 | ▲ 24% |
| Cash | € 48,027 | € 37,563 | € 66,756 | € 42,101 | ▼ 37% |
| Retained profit | € -222,486 | € -329,254 | € -219,824 | € -356,622 | ▼ € 136,798 |
| Balance sheet total | € 241,729 | € 371,669 | € 265,925 | € 228,884 | ▼ 14% |
| Employees (FTE) | 9.5 | 8.5 | 7.7 | 6.5 | ▼ 1.2 |
Key figures of CS DISTRIBUTION, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to CS DISTRIBUTION?
What happened at CS DISTRIBUTION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 136,798 (▼ € 246,228 vs 2025). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Liège. KBO
In short
From € 80,244 profit in 2023 to € 136,798 loss in 2026.
Best year ever: 2025, with € 109,430 profit.
On average € 19,100 of value added per employee in 2026.
Management
The stake of S.T.C. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CS DISTRIBUTIONBehind CS DISTRIBUTION is DSTN SRL. The shares are held by S.T.C. (99%).
Directors
According to the 2026 annual accounts
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de la Cathédrale 111
4000 Liège
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0890.579.665
- VAT number
- BE 0890.579.665
- Registered office
- Rue de la Cathédrale 111, 4000 Liège
- Names & denominations
- CS DISTRIBUTION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 July 2007
- Peppol
- Active · Active since 2 Jan 2026
- Activities · NACE
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)