ACTIVE

CSE 3

Financial year 2025 · closed on 31/12/2025
Net result
762,4 k €
+276.2% YoY
Equity
5,5 M €
+16.0% YoY

What does CSE 3 do?

CSE 3 is a Private limited company incorporated in 2019. Its main activity is: Buying and selling of own real estate. Its registered office is in Waterloo.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0720.683.175
Incorporation
13/02/2019
Legal form
Private limited company
Registered office
Drève Richelle 161/D box 19
1410 Waterloo · WallonieSee on map
Contributed capital
5 260 769,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420242023202220212020
Income statement
Revenue247,6 k €501,5 k €437,5 k €394,7 k €402,6 k €679,3 k €
EBITDA747,5 k €-313,6 k €146,5 k €436,7 k €-49,5 k €-10,7 k €149,8 k €
Operating result747,5 k €-423,9 k €-2,8 k €287,2 k €-195,1 k €-150,3 k €2,8 k €
Net result762,4 k €-432,7 k €-4,4 k €285,2 k €-195,8 k €-150,6 k €1,9 k €
Balance sheet
Equity5,5 M €4,8 M €5,2 M €5,2 M €4,9 M €5,1 M €5,3 M €
Total assets6,2 M €5,8 M €5,8 M €6,1 M €5 M €5,1 M €5,3 M €
Cash32,3 k €117,8 k €1,6 k €30,1 k €6,4 k €1,8 k €22,8 k €
Debts631,7 k €1,1 M €548,4 k €749,6 k €88,5 k €3 k €43 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 5 ended

Active mandates

HEWIMA

Director · since 22 janvier 2025 · 0686.884.120

Represented by Guillaume Beuscart

Active
ABSOlute Consulting

Administrateur · since 11 octobre 2024 · until 22 décembre 2025 · 0895.690.971

Represented by Olivier Beguin

Active
KEYSTONE

Administrateur · since 11 octobre 2024 · 0544.558.196

Represented by Thomas Rihoux

Active
XAVIER PIERLET

Administrateur · since 11 octobre 2024 · 0816.570.843

Represented by Xavier Pierlet

Active

Ended mandates

HEWIMA

Director · since 22 janvier 2025 · until 26 juin 2031 · 0686.884.120

Represented by Guillaume Beuscart

Ended
ABSOlute Consulting

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0895.690.971

Represented by Olivier Beguin

Ended
KEYSTONE

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0544.558.196

Represented by Thomas Rihoux

Ended
XAVIER PIERLET

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0816.570.843

Represented by Xavier Pierlet

Ended
At this address

Other companies at this address

CompanyCBE no.
Evere CaserneActive
0781.388.448
OTTIGNIMMOActive
0420.831.134
THUIN EQUILISActive
0777.985.431
XL PLAINEActive
1012.949.224
Annual accounts

Full financial information

202520242024202320222021
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/04/202401/04/202301/04/202201/04/202101/04/2020
Closing of the financial year31/12/202531/12/202431/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months9 months12 months12 months12 months12 months
Filing date08/07/202604/07/202518/09/202427/09/202320/10/202204/10/2021
General meeting25/06/202626/06/202502/09/202420/09/202320/09/202220/09/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202525/06/202608/07/2026FrenchPDF
Full model31/12/202426/06/202504/07/2025FrenchPDF
Full model31/03/202402/09/202418/09/2024FrenchPDF
Full model31/03/202320/09/202327/09/2023FrenchPDF
Full model31/03/202220/09/202220/10/2022FrenchPDF
Full model31/03/202120/09/202104/10/2021FrenchPDF
Full model31/03/202021/09/202009/10/2020FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 5 ended

Active mandates

HEWIMA

Director · since 22 janvier 2025 · 0686.884.120

Represented by Guillaume Beuscart

Active
ABSOlute Consulting

Administrateur · since 11 octobre 2024 · until 22 décembre 2025 · 0895.690.971

Represented by Olivier Beguin

Active
KEYSTONE

Administrateur · since 11 octobre 2024 · 0544.558.196

Represented by Thomas Rihoux

Active
XAVIER PIERLET

Administrateur · since 11 octobre 2024 · 0816.570.843

Represented by Xavier Pierlet

Active

Ended mandates

HEWIMA

Director · since 22 janvier 2025 · until 26 juin 2031 · 0686.884.120

Represented by Guillaume Beuscart

Ended
ABSOlute Consulting

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0895.690.971

Represented by Olivier Beguin

Ended
KEYSTONE

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0544.558.196

Represented by Thomas Rihoux

Ended
XAVIER PIERLET

Administrateur · since 11 octobre 2024 · until 27 juin 2030 · 0816.570.843

Represented by Xavier Pierlet

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates30/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/04/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/01/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DENOMINATION - SIEGE SOCIAL - OBJET - ASSEMBLEE GENERALE - ANNEE COMPTABLE
    PDF
  • Mandates05/11/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/02/2024
    MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/06/2019
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/02/2019
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025762,4 k €
  2. 2024
    Annual accounts 2024-432,7 k €
  3. 2024
    Annual accounts 2024-4,4 k €
  4. 2024
    Name changeCSE3
  5. 2023
    Annual accounts 2023285,2 k €
  6. 2022
    Annual accounts 2022-195,8 k €
  7. 2021
    Annual accounts 2021-150,6 k €
  8. 2020
    Annual accounts 20201,9 k €
  9. 2020
    Name changeCPB RE
  10. 13/02/2019
    IncorporationPrivate limited company