CUDENO
ActiveSummary
CUDENO has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231k and a net result of €52k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+3
Solvency73▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.47 in 2024; short-term debt: 41.4% and cash: 34.2% of total assets), but 51.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.2%
Return on assets
10.9%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 filingsDeviation from the deadline
2025
27 d late
2024
27 d late
2023
27 d late
2022
31 d late
2021
30 d late
2020
31 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€231k▲ 5.8%
2024 · €219k
2018: €148klowest in 8 years
2019: €174k▲ +17.2% vs 2018
2020: €189k▲ +8.5% vs 2019
2021: €196k▲ +4.0% vs 2020
2022: €210k▲ +7.1% vs 2021
2023: €253k▲ +20.4% vs 2022highest in 8 years
2024: €219k▼ -13.5% vs 2023
2025: €231k▲ +5.8% vs 2024
2018 → 2025
Total assets
€480k▼ 7.1%
2024 · €517k
2018: €293klowest in 8 years
2019: €322k▲ +9.8% vs 2018
2020: €346k▲ +7.7% vs 2019
2021: €343k▼ -0.9% vs 2020
2022: €446k▲ +29.8% vs 2021
2023: €514k▲ +15.2% vs 2022
2024: €517k▲ +0.6% vs 2023highest in 8 years
2025: €480k▼ -7.1% vs 2024
2018 → 2025
Net result
€52k▲ 27.1%
2024 · €41k
2018: €58khighest in 8 years
2019: €54k▼ -5.5% vs 2018
2020: €42k▼ -22.2% vs 2019
2021: €26k▼ -37.7% vs 2020
2022: €25k▼ -4.0% vs 2021lowest in 8 years
2023: €50k▲ +98.7% vs 2022
2024: €41k▼ -18.3% vs 2023
2025: €52k▲ +27.1% vs 2024
2018 → 2025
Working capital
€109k▼ 3.1%
2024 · €113k
2018: €135k
2019: €166k▲ +23.4% vs 2018
2020: €167k▲ +0.5% vs 2019
2021: €180k▲ +7.7% vs 2020highest in 8 years
2022: €141k▼ -21.7% vs 2021
2023: €140k▼ -0.7% vs 2022
2024: €113k▼ -19.2% vs 2023
2025: €109k▼ -3.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€196k-€210k▲ 7.1%€253k▲ 20.4%€219k▼ 13.5%€231k▲ 5.8%
2021: €196klowest in 5 years
2022: €210k▲ +7.1% vs 2021
2023: €253k▲ +20.4% vs 2022highest in 5 years
2024: €219k▼ -13.5% vs 2023
2025: €231k▲ +5.8% vs 2024
Operating result€39k-€34k▼ 12.7%€74k▲ 119%€65k▼ 12.1%€81k▲ 24.9%
2021: €39k
2022: €34k▼ -12.7% vs 2021lowest in 5 years
2023: €74k▲ +119% vs 2022
2024: €65k▼ -12.1% vs 2023
2025: €81k▲ +24.9% vs 2024highest in 5 years
Net result€26k-€25k▼ 4.0%€50k▲ 98.7%€41k▼ 18.3%€52k▲ 27.1%
2021: €26k
2022: €25k▼ -4.0% vs 2021lowest in 5 years
2023: €50k▲ +98.7% vs 2022
2024: €41k▼ -18.3% vs 2023
2025: €52k▲ +27.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480k
Fixed assets
€172k ▲ 4.5%
Current assets
€308k ▼ 12.4%
Equity and liabilities €480k
Equity
€231k ▲ 5.8%
Debt
€249k ▼ 16.5%
Debt's share of the balance-sheet total falls from 57.7% to 51.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €89k
Cash flow
€79k▲
2024 · €65k
Current ratio
1.55▲
2024 · 1.47
Quick ratio
1.06▲
2024 · 0.98
Debt to equity
1.08▼
2024 · 1.36
ROE
22.5%▲
2024 · 18.8%
ROA
10.9%▲
2024 · 7.9%
Interest coverage
7.83▲
2024 · 6.96
Debt ≤ 1 year
€199k▼
2024 · €239k
Debt > 1 year
€49k▼
2024 · €58k
Income taxes
€15k▲
2024 · €11k
Staff costs
€700▼
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€517k€480k▼
Fixed assets21/28€164k€172k▲
Tangible fixed assets22/27€164k€172k▲
Land and buildings22€124k€114k▼
Plant, machinery and equipment23€16k€16k▲
Furniture and vehicles24€24k€41k▲
Current assets29/58€352k€308k▼
Stocks and contracts in progress3€118k€98k▼
Stocks30/36€115k€90k▼
Contracts in progress37€3k€8k▲
Amounts receivable within one year40/41€75k€43k▼
Trade receivables40€75k€43k▼
Cash at bank and in hand54/58€156k€164k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€517k€480k▼
Equity10/15€219k€231k▲
Contributions10/11€19k€19k=
Reserves13€200k€213k▲
Distributable reserves133€200k€213k▲
Amounts payable17/49€298k€249k▼
Amounts payable after more than one year17€58k€49k▼
Financial debts170/4€58k€49k▼
Amounts payable within one year42/48€239k€199k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€20k€15k▼
Suppliers440/4€20k€15k▼
Taxes, remuneration and social security45€36k€24k▼
Taxes450/3€34k€24k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€175k€151k▼
Accrued charges and deferred income492/3€770€961▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k€700▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€27k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€94k€114k▲
Operating profit (loss)9901€65k€81k▲
Financial income75/76B€75-
Recurring financial income75€75-
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€14k▲
Profit (loss) for the period before taxes9903€52k€68k▲
Income taxes67/77€11k€15k▲
Profit (loss) for the period9904€41k€52k▲
Profit (loss) for the period to be appropriated9905€41k€52k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€52k▲
Transfer from equity791/2€61k€26k▼
Transfer to equity691/2€27k€37k▲
To other reserves6921€27k€37k▲
Profit to be distributed694/7€75k€41k▼
Return on contributions (dividend)694€61k€26k▼
Directors or managers695€14k€15k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €12k | - | - | - |
| Remuneration, social security and pensions62 | €909 | €1k | €300 | €1k | €700 | ▼ 46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €15k | €17k | €24k | €27k | ▲ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2k | - | - | - | - | - |
| Other operating charges640/8 | €3k | €4k | €6k | €4k | €5k | ▲ 28.7% |
| Gross operating margin9900 | €53k | €54k | €97k | €94k | €114k | ▲ 21.6% |
| Operating profit (loss)9901 | €39k | €34k | €74k | €65k | €81k | ▲ 24.9% |
| Financial income75/76B | €395 | €8 | €20 | €75 | - | - |
| Recurring financial income75 | €395 | €8 | €20 | €75 | - | - |
| Financial charges65/66B | €4k | €6k | €8k | €13k | €14k | ▲ 8.7% |
| Recurring financial charges65 | €4k | €6k | €8k | €13k | €14k | ▲ 8.7% |
| Profit (loss) for the period before taxes9903 | €35k | €28k | €67k | €52k | €68k | ▲ 28.6% |
| Income taxes67/77 | €9k | €3k | €16k | €11k | €15k | ▲ 34.0% |
| Profit (loss) for the period9904 | €26k | €25k | €50k | €41k | €52k | ▲ 27.1% |
| Transfer from tax-exempt reserves789 | €3k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €29k | €25k | €50k | €41k | €52k | ▲ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343k | €446k | €514k | €517k | €480k | ▼ 7.1% |
| Fixed assets21/28 | €18k | €148k | €180k | €164k | €172k | ▲ 4.5% |
| Intangible fixed assets21 | €250 | - | - | - | - | - |
| Tangible fixed assets22/27 | €18k | €148k | €180k | €164k | €172k | ▲ 4.5% |
| Land and buildings22 | €7k | €133k | €134k | €124k | €114k | ▼ 8.1% |
| Plant, machinery and equipment23 | €5k | €12k | €15k | €16k | €16k | ▲ 3.1% |
| Furniture and vehicles24 | €6k | €3k | €31k | €24k | €41k | ▲ 70.1% |
| Current assets29/58 | €325k | €298k | €334k | €352k | €308k | ▼ 12.4% |
| Stocks and contracts in progress3 | €75k | €120k | €98k | €118k | €98k | ▼ 16.8% |
| Stocks30/36 | €69k | €112k | €95k | €115k | €90k | ▼ 21.8% |
| Contracts in progress37 | €6k | €8k | €4k | €3k | €8k | ▲ 189% |
| Amounts receivable within one year40/41 | €76k | €73k | €107k | €75k | €43k | ▼ 43.0% |
| Trade receivables40 | €76k | €73k | €107k | €75k | €43k | ▼ 43.0% |
| Cash at bank and in hand54/58 | €171k | €101k | €126k | €156k | €164k | ▲ 5.4% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €3k | €3k | ▲ 3.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343k | €446k | €514k | €517k | €480k | ▼ 7.1% |
| Equity10/15 | €196k | €210k | €253k | €219k | €231k | ▲ 5.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €178k | €191k | €234k | €200k | €213k | ▲ 6.3% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Distributable reserves133 | €176k | €191k | €234k | €200k | €213k | ▲ 6.3% |
| Amounts payable17/49 | €147k | €236k | €261k | €298k | €249k | ▼ 16.5% |
| Amounts payable after more than one year17 | - | €75k | €67k | €58k | €49k | ▼ 15.4% |
| Financial debts170/4 | - | €75k | €67k | €58k | €49k | ▼ 15.4% |
| Amounts payable within one year42/48 | €145k | €157k | €194k | €239k | €199k | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | €2k | €9k | €9k | €9k | €9k | ▲ 1.4% |
| Trade debts44 | €11k | €14k | €55k | €20k | €15k | ▼ 24.1% |
| Suppliers440/4 | €11k | €14k | €55k | €20k | €15k | ▼ 24.1% |
| Taxes, remuneration and social security45 | €21k | €17k | €20k | €36k | €24k | ▼ 33.1% |
| Taxes450/3 | €21k | €17k | €20k | €34k | €24k | ▼ 29.8% |
| Remuneration and social security454/9 | - | - | - | €2k | - | - |
| Other amounts payable47/48 | €110k | €118k | €110k | €175k | €151k | ▼ 13.6% |
| Accrued charges and deferred income492/3 | €2k | €3k | €205 | €770 | €961 | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €25k | €50k | €41k | €52k | ▲ 27.1% |
| + Depreciation and write-downs630 | €9k | €15k | €17k | €24k | €27k | ▲ 15.1% |
| Operating cash flow (approximation) | €35k | €40k | €67k | €65k | €79k | ▲ 22.7% |
| Investment in fixed assets (approximation) | - | €-145k | €-49k | €-8k | €-35k | ▼ 315% |
| Change in cash | - | €-70k | €25k | €30k | €8k | ▼ 71.7% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €25k ▼4%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €210k ▲7.1%
5 profitable years in a row build equity to €210k.
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
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
31-12
Financial
Equity above €150kEq €174k ▲17.2%
2 profitable years in a row build equity to €174k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 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
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lo-Reninge · 1 establishment unit since 2012
Ground area
1,728 m²
Building footprint
743 m²
Volume, LiDAR
3,452 m³
Parcel 32017A0111/00L004, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cudeno
since 20122.208.325.358
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32017A0111/00L004 | Flanders | 1,728 m² | 1 · 743 m² | 7.1 m · 2 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 453 EUR awarded · 141 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 453 EUR | 141 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 10,667 companies in sector 47811 we hold annual accounts for 5,220. 3,717 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
95319Other maintenance and repair of motor vehicles
95314Bodywork repair (including spraying and painting)
Contact
E-mail
cudeno@skynet.be
Scores and ratios are computed by Checked and are not a credit decision.