Cousu
ActiveSummary
Cousu has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,803) and a net result of -€532. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+5
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.03 in 2024; short-term debt: 268.6% and cash: 21.2% of total assets), 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
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 2025Solvency, return and age of the figures
Solvency
-168.6%
Return on assets
-3.8%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€23,803
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-03-2026, 40 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
40 d late
2024
52 d early
2023
9 d early
2022
on the day
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€23,803▼ 2.3%
2024 · -€23,271
Total assets
€14,119▲ 177%
2024 · €5,099
Net result
-€532▼ 28.8%
2024 · -€413
Working capital
-€34,930▼ 26.6%
2024 · -€27,595
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
Line20212022202320242025
Operating result-€3,530▲ 43.0%€8,833-€10,092-€356▲ 96.5%-€387▼ 8.8%
Net result-€3,592▲ 44.5%€8,803-€10,181-€413▲ 95.9%-€532▼ 28.8%
Equity-€21,479▼ 20.1%-€12,676▲ 41.0%-€22,858▼ 80.3%-€23,271▼ 1.8%-€23,803▼ 2.3%
Total assets€16,781▼ 14.1%€20,360▲ 21.3%€10,575▼ 48.1%€5,099▼ 51.8%€14,119▲ 177%
Debt€38,260▲ 2.2%€33,037▼ 13.7%€33,433▲ 1.2%€28,370▼ 15.1%€37,922▲ 33.7%
Working capital-€30,406▼ 6.3%-€19,803▲ 34.9%-€28,546▼ 44.2%-€27,595▲ 3.3%-€34,930▼ 26.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €387 in 2025 against €356 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,119
Fixed assets
€11,128 ▲ 157%
Current assets
€2,992 ▲ 286%
Key figures and ratios
EBITDA
€977▼
2024 · €1,008
Cash flow
€832▼
2024 · €951
Solvency
-168.6%▲
2024 · -456.4%
Current ratio
0.08▲
2024 · 0.03
Debt to equity
-1.59▼
2024 · -1.22
ROA
-3.8%▲
2024 · -8.1%
Interest coverage
6.76▼
2024 · 17.52
Debt ≤ 1 year
€37,922▲
2024 · €28,370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,800 | €1,800 | €1,438 | €1,364 | €1,364 | = |
| Other operating charges640/8 | - | €453 | €601 | €525 | €537 | ▲ 2.4% |
| Gross operating margin9900 | -€1,143 | €11,086 | -€8,052 | €1,533 | €1,514 | ▼ 1.2% |
| Operating profit (loss)9901 | -€3,530 | €8,833 | -€10,092 | -€356 | -€387 | ▼ 8.8% |
| Financial income75/76B | - | - | - | €1 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €30 | €90 | €58 | €144 | ▲ 151% |
| Recurring financial charges65 | €62 | €30 | €90 | €58 | €144 | ▲ 151% |
| Profit (loss) for the period before taxes9903 | -€3,592 | €8,803 | -€10,181 | -€413 | -€532 | ▼ 28.8% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€3,592 | €8,803 | -€10,181 | -€413 | -€532 | ▼ 28.8% |
| Profit (loss) for the period to be appropriated9905 | -€3,592 | €8,803 | -€10,181 | -€413 | -€532 | ▼ 28.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,781 | €20,360 | €10,575 | €5,099 | €14,119 | ▲ 177% |
| Fixed assets21/28 | €8,926 | €7,127 | €5,688 | €4,324 | €11,128 | ▲ 157% |
| Tangible fixed assets22/27 | €8,926 | €7,127 | €5,688 | €4,324 | €2,960 | ▼ 31.5% |
| Plant, machinery and equipment23 | - | €1,957 | €1,519 | €1,154 | €790 | ▼ 31.5% |
| Furniture and vehicles24 | - | €5,170 | €4,170 | €3,170 | €2,170 | ▼ 31.5% |
| Financial fixed assets28 | - | - | - | - | €8,168 | - |
| Current assets29/58 | €7,855 | €13,234 | €4,887 | €775 | €2,992 | ▲ 286% |
| Amounts receivable within one year40/41 | €6,689 | €6,788 | €0 | - | - | - |
| Trade receivables40 | - | €6,759 | €0 | - | - | - |
| Other amounts receivable41 | - | €29 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €1,166 | €6,446 | €4,887 | €775 | €2,992 | ▲ 286% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,781 | €20,360 | €10,575 | €5,099 | €14,119 | ▲ 177% |
| Equity10/15 | -€21,479 | -€12,676 | -€22,858 | -€23,271 | -€23,803 | ▼ 2.3% |
| Contributions10/11 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€61,479 | -€52,676 | -€62,858 | -€63,271 | -€63,803 | ▼ 0.8% |
| Amounts payable17/49 | €38,260 | €33,037 | €33,433 | €28,370 | €37,922 | ▲ 33.7% |
| Amounts payable within one year42/48 | €38,260 | €33,037 | €33,433 | €28,370 | €37,922 | ▲ 33.7% |
| Trade debts44 | €0 | €648 | €132 | €141 | €1,760 | ▲ 1,153% |
| Suppliers440/4 | - | €648 | €132 | €141 | €1,760 | ▲ 1,153% |
| Taxes, remuneration and social security45 | - | €2,064 | €4,652 | €125 | €1,625 | ▲ 1,201% |
| Taxes450/3 | - | €2,064 | €4,652 | €125 | €1,625 | ▲ 1,201% |
| Other amounts payable47/48 | - | €30,325 | €28,650 | €28,104 | €34,537 | ▲ 22.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,592 | €8,803 | -€10,181 | -€413 | -€532 | ▼ 28.8% |
| + Depreciation and write-downs630 | €1,800 | €1,800 | €1,438 | €1,364 | €1,364 | = |
| Operating cash flow (approximation) | -€1,792 | €10,603 | -€8,743 | €951 | €832 | ▼ 12.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€8,168 | - |
| Change in cash | - | €5,280 | -€1,559 | -€4,112 | €2,217 | ▲ 154% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 40 days late
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €8,803
Net result €8,803 after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Gent · 1 establishment unit since 2017
Ground area
6,738 m²
Building footprint
1,145 m²
Volume, LiDAR
11,140 m³
2 parcels, Flanders · tallest building 23.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Cousu
since 20172.268.181.385
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0845/00C000 | Flanders | 3,615 m² | 1 · 670 m² | 7.0 m · 2 fl. |
| 44062A0281/00S000 | Flanders | 3,123 m² | 1 · 475 m² | 23.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2017
Fiscal year end30-06
Activities, NACEBEL 2025
82990Other business support services
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
47551Retail sale of household furniture
71111Activities of building architects
74130Interior design
Scores and ratios are computed by Checked and are not a credit decision.