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COUSSENS

Active
Private limited company (pre-2019)founded 195670 yrs activeMoorselestraat 77, 8930 Menen, BelgiumKBO/BCE: BE 0405.470.787
Summary

COUSSENS has been active since 1956 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€61,718) and a net result of €8,301. Equity is growing by ~9.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100=
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 70 years 0 80 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Age of the figures
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
28 d late
2023
28 d late
2022
35 d early
2021
30 d late
2020
31 d late
2019
85 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 28 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 23 February 1956, COUSSENS was incorporated.1 The company has filed 39 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
-€61,718▲ 11.9%
2023 · -€70,018
Total assets
€989▲ 3.2%
2023 · €958
Net result
€8,301▼ 1.1%
2023 · €8,391
Working capital
-€60,774▲ 12.0%
2023 · -€69,075
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€8,643▼ 6.8%€8,473▼ 2.0%€8,779▲ 3.6%€8,514▼ 3.0%€8,430▼ 1.0%
Net result€8,550▼ 6.8%€8,365▼ 2.2%€8,666▲ 3.6%€8,391▼ 3.2%€8,301▼ 1.1%
Equity-€95,441▲ 8.2%-€87,076▲ 8.8%-€78,410▲ 10.0%-€70,018▲ 10.7%-€61,718▲ 11.9%
Total assets€18▲ 400%€982▲ 5,312%€987▲ 0.5%€958▼ 2.9%€989▲ 3.2%
Debt€95,459▼ 8.2%€88,058▼ 7.8%€79,397▼ 9.8%€70,977▼ 10.6%€62,707▼ 11.7%
Working capital-€95,441▲ 8.2%-€86,132▲ 9.8%-€77,466▲ 10.1%-€69,075▲ 10.8%-€60,774▲ 12.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€2,500€5,000€7,500€10,000Operating result 2020: €8,643€8,643Net result 2020: €8,550€8,550Operating result 2021: €8,473€8,473Net result 2021: €8,365€8,365Operating result 2022: €8,779€8,779Net result 2022: €8,666€8,666Operating result 2023: €8,514€8,514Net result 2023: €8,391€8,391Operating result 2024: €8,430€8,430Net result 2024: €8,301€8,30120202021202220232024€0€2,500€5,000€7,500€10,000Operating result 2022: €8,779€8,780Net result 2022: €8,666€8,670Operating result 2023: €8,514€8,510Net result 2023: €8,391€8,390Operating result 2024: €8,430€8,430Net result 2024: €8,301€8,300202220232024
The operating result has fallen two years in a row; 2024 is 1% below 2023 and is the lowest result in the available series.
Key figures and ratios
2024 value · change against 2023
Debt ≤ 1 year
€61,763▼
2023 · €70,033
Ratios withheld: a balance sheet total of €989 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.7% went bankrupt
5.3% stopped otherwise
92% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 27 lines
Balance sheet Code20232024
Assets
Total assets20/58€958€989▲
Current assets29/58€958€989▲
Cash at bank and in hand54/58€958€989▲
Equity and liabilities
Total equity and liabilities10/49€958€989▲
Equity10/15-€70,018-€61,718▲
Contributions10/11€18,592€18,592=
Reserves13€7,454€7,454=
Non-distributable reserves130/1€1,239€1,239=
Reserves not available under the articles1311€1,239€1,239=
Distributable reserves133€6,214€6,214=
Profit (loss) carried forward14-€96,064-€87,764▲
Amounts payable17/49€70,977€62,707▼
Amounts payable within one year42/48€70,033€61,763▼
Trade debts44€3,391€3,554▲
Suppliers440/4€3,391€3,554▲
Other amounts payable47/48€66,643€58,210▼
Accrued charges and deferred income492/3€944€944=
Income statement Code20232024
Other operating charges640/8€115€126▲
Gross operating margin9900€8,629€8,556▼
Operating profit (loss)9901€8,514€8,430▼
Financial charges65/66B€123€129▲
Recurring financial charges65€123€129▲
Profit (loss) for the period before taxes9903€8,391€8,301▼
Profit (loss) for the period9904€8,391€8,301▼
Profit (loss) for the period to be appropriated9905€8,391€8,301▼
Appropriation of the result
Profit (loss) to be appropriated9906-€96,064-€87,764▲
Profit (loss) brought forward from the previous period14P-€104,456-€96,064▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Other operating charges640/8-€111€112€115€126▲ 9.6%
Gross operating margin9900€8,752€8,584€8,891€8,629€8,556▼ 0.9%
Operating profit (loss)9901€8,643€8,473€8,779€8,514€8,430▼ 1.0%
Financial charges65/66B-€108€114€123€129▲ 4.9%
Recurring financial charges65€93€108€114€123€129▲ 4.9%
Profit (loss) for the period before taxes9903€8,550€8,365€8,666€8,391€8,301▼ 1.1%
Profit (loss) for the period9904€8,550€8,365€8,666€8,391€8,301▼ 1.1%
Profit (loss) for the period to be appropriated9905€8,550€8,365€8,666€8,391€8,301▼ 1.1%
Line20202021202220232024Change
Assets
Total assets20/58€18€982€987€958€989▲ 3.2%
Current assets29/58€18€982€987€958€989▲ 3.2%
Cash at bank and in hand54/58€18€982€987€958€989▲ 3.2%
Equity and liabilities
Total equity and liabilities10/49€18€982€987€958€989▲ 3.2%
Equity10/15-€95,441-€87,076-€78,410-€70,018-€61,718▲ 11.9%
Contributions10/11-€18,592€18,592€18,592€18,592=
Reserves13€7,454€7,454€7,454€7,454€7,454=
Non-distributable reserves130/1-€1,239€1,239€1,239€1,239=
Reserves not available under the articles1311-€1,239€1,239€1,239€1,239=
Distributable reserves133-€6,214€6,214€6,214€6,214=
Profit (loss) carried forward14-€121,486-€113,121-€104,456-€96,064-€87,764▲ 8.6%
Amounts payable17/49€95,459€88,058€79,397€70,977€62,707▼ 11.7%
Amounts payable within one year42/48€95,459€87,114€78,453€70,033€61,763▼ 11.8%
Trade debts44€4,630€4,264€2,240€3,391€3,554▲ 4.8%
Suppliers440/4-€4,264€2,240€3,391€3,554▲ 4.8%
Other amounts payable47/48-€82,851€76,213€66,643€58,210▼ 12.7%
Accrued charges and deferred income492/3-€944€944€944€944=
Line20202021202220232024Change
Profit (loss) for the period9904€8,550€8,365€8,666€8,391€8,301▼ 1.1%
Operating cash flow (approximation)€8,550€8,365€8,666€8,391€8,301▼ 1.1%
Change in cash-€964€4-€28€31▲ 209%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial Weakest financial yearnet €8,301 ▼1.1%
Net result drops to €8,301, the lowest in the series.
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
26-06
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
24-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
31-12
Financial Highest result since 2018net €9,178 ▲0.2%
Operating result €9,272, net result €9,178, both a record.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
29-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Menen · 1 establishment unit since 1956
seat establishment The establishment unit on the map
Ground area
1,054 m²
Building footprint
164 m²
Parcel 34372C0273/00W000, Flanders. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Moorselestraat 77, 8930 Menen
NACE 2661001
since 19562.003.511.541
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
34372C0273/00W000 Flanders 1,054 m² 1 · 164 m² -
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded23-02-1956
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405470787
Also 9925:BE0405470787
Registered 08-03-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.