Disclosed are a color filter substrate, a method for fabricating the same, and a display device. The color filter substrate includes a plurality of color-resist elements, and the color filter substrate further includes: a base substrate, and a groove arranged on the base substrate in correspondence to each of the color-resist elements, wherein a size of an opening of each groove is increase from the bottom to the top, a reflecting layer is coated on an inner surface of the groove, and a color-resist filler corresponding to a color of light emitted by the color-resist element is further filled in the groove above the reflecting layer.