Equity
€97,659 ▲ 0.2%
C. CUV Management has made a profit in every financial year since 2022.
C. CUV Management
Overview
Lifetime
4 annual accounts with figures on one time axispeak €49,638 (2023)
€35,627▼ 15.8%
peak €32,756 (2023)
€3,611▼ 83.5%
peak €97,659 (2025)
€97,659▲ 0.2%
€85,727▼ 8.0%
Board1 name since 2022
1 directorCUVELIER Christophe
Documentsfilings and deeds
30-08-202630 days late
2025micro format
Gross margin from €42,303 to €35,627Result from €21,868 to €3,611Cash from €15,511 to €7,508
Key points
from the 2025 annual accountsTurnover
≈ €110,000 estimated
The micro format states no turnover.
Liquidity
6.18 was 3.32 in 2024
Short-term debts fell from €41,877 to €23,370.
Filings
4 annual accounts 2 late
The 2024 accounts came latest: 70 days after the end of the period.
Starting capital
€1,000 100 shares
Position in the sector
€3,611
Lower net result than 88% of companies in human health. Sector median €60,073 · 20,747 companies.
Checked score
90
Excellent
Financially stronger than 29% of micro companies in human health (NACE 86)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 24,183 companies (NACE 86, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.6%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.1%▼ -0.5 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.2%▲ +0.1 percentage points vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 30 days late; 1 of the last 3 accounts late
lowers risk
Sector: Human health activities (NACE 86)
Figures for financial year 2025 (filed on 30-08-2026)
Size: total assets €183,972
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 86, micro). It does better than 42% of them on solvency, 28% on liquidity, 8% on profitability and 39% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as C. CUV Management has now. Each dot stands for 7 companies, two years later.
94.3%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of C. CUV Management itself is lower: 0.1% within 12 months. It rests on far more data about C. CUV Management than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for C. CUV Management. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.18 (3.32 in 2024), above the usual 1.5. Short-term debt is 12.7% and cash 4.1% of total assets. 46.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
30 days late
2024
70 days late
2023
21 days early
2022
62 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 4 days after the deadline. In the sector (NACE 86), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 5 August (3 of the last 4 accounts filed within 65 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0779517536
Incorporation
Founding capital of €1,000, 100 shares · Founder: CUVELIER Christophe · Appointment: CUVELIER Christophe (director) · published on 03-01-2022 · Gazette deed
First establishment
Rue des Canadiens 17, Saint-Ghislain
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| C. CUV Management Saint-Ghislain | €183,972 | €35,627 | 53.1% | - |
| KINE SIMON DETANT Sint-Lievens-Houtem | €168,392 | €38,164 | 96.4% | - |
| Kinésithérapie Vanbersy Binche | €149,853 | €40,200 | 34.1% | - |
| SAMEN FIT Merchtem | €161,843 | €36,605 | 22.7% | - |
| PIRAUMONT REHAB & TRAINING Villers-la-Ville | €218,736 | €40,847 | -16.5% | - |
| Praktijk Merckx-Pauwels Sint-Niklaas | €203,311 | €30,986 | 0.4% | - |
| STEPHANIE MICHEL Overijse | €163,764 | €29,420 | 11.7% | - |
These companies have the same main activity as C. CUV Management: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €150,000 and €219,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 30-12-2021Normal situation
- Activity
- PhysiotherapyNACE 86951and 1 other
- Establishment unit
- 2.331.734.7957330 Saint-Ghislain, since 30-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 13-10-2025
Annual accounts 2025
- €35,627▼ 15.8%
- €3,611▼ 83.5%
- €97,659▲ 0.2%
- €183,972▼ 4.3%
- Filing
- Filed on 30-08-2026
Insights on C. CUV Management
C. CUV Management files the micro format. That format states no turnover. The gross margin fell from €39,524 in 2022 to €35,627 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-08-2026, 30 days late€35,627
▼ 15.8%
€18,914
▼ 30.5%
€3,611
▼ 83.5%
€121,010
▲ 24.7%
53.1%
▲ 2.3 percentage points
6.18
▲ 2.86
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €82,000 and €150,000.
Balance sheet
balance sheet total €183,972 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
53.1%
Higher than 42% of 20,760 companies in 2025.
6.18
Higher than 74% of 20,335 companies in 2025.
2.0%
Higher than 10% of 20,616 companies in 2025.
C. CUV Management
Middle half of the sector
80% of the sector
Micro accounts in human health (NACE 86)
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
183,972 | 192,176 | 115,545 | 92,940 | |
21/28 |
39,592 | 53,241 | 55,382 | 46,773 | |
21 |
29,543 | 44,391 | 50,882 | 46,773 | |
22/27 |
10,050 | 8,850 | 4,500 | - | |
22 |
7,876 | 8,850 | 4,500 | - | |
24 |
1,215 | - | - | - | |
26 |
958 | - | - | - | |
29/58 |
144,380 | 138,935 | 60,163 | 46,167 | |
29 |
86,300 | - | - | - | |
290 |
86,300 | - | - | - | |
3 |
3,821 | - | - | - | |
30/36 |
3,821 | - | - | - | |
40/41 |
21,034 | 121,616 | 53,010 | 44,170 | |
40 |
13,235 | 121,616 | 45,823 | 34,699 | |
41 |
7,799 | - | 7,187 | 9,471 | |
54/58 |
7,508 | 15,511 | 7,135 | 1,776 | |
490/1 |
25,717 | 1,808 | 18 | 221 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
183,972 | 192,176 | 115,545 | 92,940 | |
10/15 |
97,659 | 97,507 | 78,149 | 41,288 | |
10/11 |
1,000 | 1,000 | 1,000 | 1,000 | |
13 |
87,703 | 84,092 | 62,224 | 29,468 | |
133 |
87,703 | 84,092 | 62,224 | 29,468 | |
15 |
8,956 | 12,414 | 14,924 | 10,820 | |
16 |
585 | 1,450 | 2,077 | 2,705 | |
168 |
585 | 1,450 | 2,077 | 2,705 | |
17/49 |
85,727 | 93,220 | 35,319 | 48,947 | |
17 |
60,943 | 41,900 | - | - | |
178/9 |
60,943 | 41,900 | - | - | |
42/48 |
23,370 | 41,877 | 28,631 | 48,727 | |
42 |
- | 6,868 | 6,873 | - | |
44 |
3,374 | 34,379 | 14,416 | 24,625 | |
440/4 |
3,374 | 34,379 | 14,416 | 24,625 | |
45 |
19,995 | 630 | 6,247 | 6,247 | |
450/3 |
19,995 | 630 | 6,247 | 6,247 | |
47/48 |
- | - | 1,095 | 17,855 | |
492/3 |
1,415 | 9,442 | 6,688 | 220 | |
| Income statement | |||||
9900 |
35,627 | 42,303 | 49,638 | 39,524 | |
630 |
15,886 | 15,092 | 11,078 | 4,567 | |
640/8 |
827 | - | 384 | 695 | |
9901 |
18,914 | 27,211 | 38,176 | 34,261 | |
75/76B |
3,638 | 2,510 | 2,510 | 1,180 | |
75 |
3,638 | 2,510 | 2,510 | 1,180 | |
65/66B |
9,774 | 2,280 | 185 | 21 | |
65 |
9,774 | 2,280 | 185 | 21 | |
9903 |
12,777 | 27,442 | 40,501 | 35,420 | |
780 |
865 | 628 | 628 | 295 | |
67/77 |
10,031 | 6,201 | 8,372 | 6,247 | |
9904 |
3,611 | 21,868 | 32,756 | 29,468 | |
9905 |
3,611 | 21,868 | 32,756 | 29,468 | |
| Appropriation of the result | |||||
9906 |
3,611 | 21,868 | 32,756 | 29,468 | |
691/2 |
3,611 | 21,868 | 32,756 | 29,468 | |
6921 |
3,611 | 21,868 | 32,756 | 29,468 | |
| Document | |||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 30 days after the deadline. Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00454283.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 34,799 | 42,303 | 49,253 | 38,829 | ||
| 19,497 | 36,960 | 43,833 | 34,036 | ||
| 2,237 | 12,951 | 19,687 | 51,340 | ||
| -8,003 | 8,376 | 5,359 | - | ||
| 121,010 | 97,058 | 31,532 | -2,560 | ||
| 53.1% | 50.7% | 67.6% | 44.4% | ||
| 6.18 | 3.32 | 2.10 | 0.95 | ||
| 6.01 | 3.32 | 2.10 | 0.95 | ||
| 0.88 | 0.96 | 0.45 | 1.19 | ||
| 3.7% | 22.4% | 41.9% | 71.4% | ||
| 2.0% | 11.4% | 28.3% | 31.7% | ||
| 3.56 | 18.56 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €2,237 | €5,237 | €4,500 | - |
| Intangible fixed assets | - | €7,714 | €15,187 | €51,340 |
| €15,886 | €15,092 | €11,078 | €4,567 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on C. CUV Management
The operating result for 2025 is 30% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 48.5% to 46.6%. Equity is higher and debt is lower.
Board & ownership
Board
1 director, no change since 2022Director (not named in the articles)
appointed by deed of 03-01-2022
term without a fixed end
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 30-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 03-01-2022
Mandates through the years
1 name, the dashed line is todayCUVELIER Christophe
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CUVELIER Christophe
- Director (not named in the articles), appointed by deed of 03-01-2022, still in office
Control
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €977 in 2025
- Source
- deed of 03-01-2022
Articles of association
deed of 03-01-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 03-01-2022 ↗
- CUVELIER Christophe 100 shares (100%) · €1,000 in cash
Network & group
No group
C. CUV Management has no parent and no holdings in its annual accounts. CUVELIER Christophe is the only director.
Earlier ties
| ELIE SELECTION via CUVELIER Christophe, no longer at ELIE SELECTION · Director (not named in the articles) · deed of 25-05-2020 founded in 2015 · negative equity (2025) |
total assets €235,585 (2025) |
| ELIE CUVELIER via CUVELIER Christophe, no longer at ELIE CUVELIER · Managing director · deed of 27-09-2019 founded in 2006 |
total assets €1.5m (2025) |
| OKINEO.be via CUVELIER Christophe, no longer at OKINEO.be · Director (not named in the articles) · deed of 25-05-2020 founded in 2011 |
total assets €650,895 (2025) |
| OKINEO CONCEPT via CUVELIER Christophe, no longer at OKINEO CONCEPT · Organe de gestion No longer active · founded in 2011 |
total assets €18,737 (2025) |
Connections & network
3 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
LCC CREACOM
via CUVELIER Christophe · Director · deed of 14-02-2023
Founded in 2018 · total assets €75,439 (2025)
→
OKINEO System
via CUVELIER Christophe · Director (not named in the articles) · deed of 15-01-2021
Founded in 2021 · total assets €64,459 (2025)
→
HuggyMed.be
via CUVELIER Christophe · Director (not named in the articles) · deed of 27-08-2026
Founded in 2026
→
Timeline
Timeline
10 events since 2021Filings
Financial
Establishments
202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 30 days late
2025
Weakest financial year net €3,611 ▼83.5% The net result drops to €3,611, the lowest from 2022 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0779517536
Annual accounts 2024 filed PDFmicro format · 70 days late
2024
Annual accounts 2023 filed PDFmicro format · 21 days before the deadline
2023
Highest result from 2022 to 2025 net €32,756 ▲11.2% The operating result of €38,176 and the net result of €32,756 are both a record.
Liquidity more than doubled current ratio 2.10 The current ratio rises from 0.95 to 2.10. Short-term debt falls from €48,727 to €28,631.
Annual accounts 2022 filed PDFmicro format · 62 days before the deadline
2021
IncorporationFounding capital of €1,000, 100 shares · Founder: CUVELIER Christophe · Appointment: CUVELIER Christophe (director) · published on 03-01-20223 points ▸
- Founder, CUVELIER Christophe
- Founding capital, €1,000, 100 shares
- Director appointment, CUVELIER Christophe (director (not named in the articles))
- The deed holds 7 more points.
First establishment Rue des Canadiens 17, Saint-Ghislain
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 30 December 2021, C. CUV Management was incorporated as a private limited company by one natural person, with a starting capital of €1,000.12 CUVELIER Christophe is director of the company, appointed by deed of 03-01-2022.2 Total assets went from €92,940 in 2022 to €183,972 in 2025.3
Company details
Identity
- Enterprise number
- 0779.517.536
- VAT number
- BE 0779.517.536
- Peppol ID
- 0208:0779517536
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 30-12-2021
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of Junedeed of 03-01-2022 (in French)
- Peppol
- Reachable since 13-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- C. CUV Management in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-01-2022 (in French)
- Name clauseThe company operates under this name according to its articles.
- C. CUV Managementdeed of 03-01-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 03-01-2022 (in French)
Activities
NACEBEL 202586951
Physiotherapy main activity
Codes under NACEBEL 2008
86905
Human health activities main activity
70220
Business consulting
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes opérations de consultance, analyse, services, facturation, commercialisation, distribution, représentation, consignation…”deed of 03-01-2022 (in French)
7 activities
- Toutes opérations de consultance, analyse, services, facturation, commercialisation, distribution, représentation, consignation, importation, exportation, vente et achat de tous biens, produits et services de toute nature dans les domaines prévantés et autres.
- Mettre les compétences de tous ses spécialistes à la disposition de ses clients, à l'effet d'accomplir toutes missions, sans limites ni dans le temps, ni dans l'espace, ni dans la nature des prestations.
- Toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet.
- Se porter caution et donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non.
- Tous les actes et opérations — de nature commerciale, industrielle, financière, mobilière ou immobilière — ayant un rapport direct ou indirect avec son objet social ou qui seraient de nature à faciliter directement ou indirectement la réalisation de cet objet.
- S'intéresser par toutes voies dans toutes sociétés, associations ou entreprises ayant un objet identique, analogue ou connexe au sien ou susceptible de favoriser le développement de son entreprise ou de constituer pour elle une source de débouchés.
- Être administrateur ou liquidateur.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue des Canadiens 17 registered office 7330 Saint-Ghislain | 30-12-2021 | 2.331.734.795 |
Buildings and parcels at the address
- Ground area
- 916 m²
- Buildings
- 138 m²
- Volume, LiDAR
- 924 m³
- Tallest building
- 8.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 53070B0588/00N006 | 916 m² | 1 · 138 m² | 8.8 m · 2 |