CUIR
ActiveSummary
CUIR has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €535,763 and a net result of €33,705. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+4
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 3.4 against 2.98 in 2023; short-term debt: 11.5% and cash: 14.5% of total assets), and 19.1% of the assets are financed with debt.
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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 dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
80.9%
Return on assets
5.1%
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 24-09-2025, 55 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
not confirmed
2024
55 d late
2023
92 d late
2022
17 d early
2021
31 d late
2020
31 d late
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€535,763▲ 6.7%
2023 · €502,059
Total assets
€662,206▼ 1.6%
2023 · €673,199
Net result
€33,705▲ 168%
2023 · €12,583
Working capital
€182,966▲ 16.0%
2023 · €157,772
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€71,647-€42,640▲ 40.5%-€19,110▲ 55.2%€18,226€36,197▲ 98.6%
Net result-€70,266below the sector's middle half-€50,084below the sector's middle half▲ 28.7%-€24,337below the sector's middle half▲ 51.4%€12,583within the sector's middle half€33,705above the sector's middle half▲ 168%
Equity€563,897above the sector's middle half▼ 11.1%€513,812above the sector's middle half▼ 8.9%€489,475above the sector's middle half▼ 4.7%€502,059above the sector's middle half▲ 2.6%€535,763above the sector's middle half▲ 6.7%
Total assets€825,276above the sector's middle half▼ 10.2%€756,728above the sector's middle half▼ 8.3%€688,702above the sector's middle half▼ 9.0%€673,199above the sector's middle half▼ 2.3%€662,206above the sector's middle half▼ 1.6%
Debt€261,379▼ 8.1%€242,915▼ 7.1%€199,227▼ 18.0%€171,140▼ 14.1%€126,442▼ 26.1%
Working capital€233,808above the sector's middle half▼ 21.3%€180,769above the sector's middle half▼ 22.7%€150,357above the sector's middle half▼ 16.8%€157,772above the sector's middle half▲ 4.9%€182,966above the sector's middle half▲ 16.0%
Solvency68.3%above the sector's middle half▼ 0.7pp67.9%above the sector's middle half▼ 0.4pp71.1%above the sector's middle half▲ 3.2pp74.6%above the sector's middle half▲ 3.5pp80.9%above the sector's middle half▲ 6.3pp
Current ratio5.28above the sector's middle half▼ 2.773.47above the sector's middle half▼ 1.813.22above the sector's middle half▼ 0.252.98above the sector's middle half▼ 0.233.40above the sector's middle half▲ 0.42
Return on assets (ROA)-8.5%below the sector's middle half▼ 8.5pp-6.6%below the sector's middle half▲ 1.9pp-3.5%within the sector's middle half▲ 3.1pp1.9%within the sector's middle half▲ 5.4pp5.1%within the sector's middle half▲ 3.2pp
Staff (FTE)0.7below the sector's middle half▼ 53.3%1▲ 42.9%1=1=1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 99% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €662,206
Fixed assets
€403,061 ▼ 7.5%
Current assets
€259,145 ▲ 9.2%
Equity and liabilities €662,206
Equity
€535,763 ▲ 6.7%
Debt
€126,442 ▼ 26.1%
Debt's share of the balance-sheet total falls from 25.4% to 19.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70,234▲
2023 · €52,899
Cash flow
€67,742▲
2023 · €47,256
Quick ratio
1.89▲
2023 · 1.63
Debt to equity
0.24▼
2023 · 0.34
ROE
6.3%▲
2023 · 2.5%
Interest coverage
10.71▲
2023 · 7.28
Debt ≤ 1 year
€76,179▼
2023 · €79,511
Debt > 1 year
€50,263▼
2023 · €91,629
Income taxes
€182▲
2023 · €127
Staff costs
€29,688▲
2023 · €27,038
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €13,304 | €29,598 | €27,038 | €29,688 | ▲ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,856 | €34,912 | €34,855 | €34,673 | €34,037 | ▼ 1.8% |
| Other operating charges640/8 | - | €1,722 | €1,645 | €7,358 | €1,860 | ▼ 74.7% |
| Gross operating margin9900 | -€15,627 | €7,297 | €46,988 | €87,294 | €101,783 | ▲ 16.6% |
| Operating profit (loss)9901 | -€71,647 | -€42,640 | -€19,110 | €18,226 | €36,197 | ▲ 98.6% |
| Financial income75/76B | - | €2,806 | €3,498 | €1,748 | €4,248 | ▲ 143% |
| Recurring financial income75 | €12,871 | €2,806 | €3,498 | €1,748 | €4,248 | ▲ 143% |
| Financial charges65/66B | - | €9,964 | €8,532 | €7,264 | €6,559 | ▼ 9.7% |
| Recurring financial charges65 | €11,198 | €9,964 | €8,532 | €7,264 | €6,559 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | -€69,974 | -€49,798 | -€24,144 | €12,711 | €33,887 | ▲ 167% |
| Income taxes67/77 | €292 | €287 | €193 | €127 | €182 | ▲ 43.0% |
| Profit (loss) for the period9904 | -€70,266 | -€50,084 | -€24,337 | €12,583 | €33,705 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | -€70,266 | -€50,084 | -€24,337 | €12,583 | €33,705 | ▲ 168% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €825,276 | €756,728 | €688,702 | €673,199 | €662,206 | ▼ 1.6% |
| Fixed assets21/28 | €536,890 | €502,887 | €470,589 | €435,916 | €403,061 | ▼ 7.5% |
| Tangible fixed assets22/27 | €536,890 | €502,887 | €470,589 | €435,916 | €403,061 | ▼ 7.5% |
| Land and buildings22 | - | €500,696 | €467,592 | €434,488 | €401,383 | ▼ 7.6% |
| Plant, machinery and equipment23 | - | €2,191 | €2,997 | €1,428 | €1,677 | ▲ 17.4% |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €288,386 | €253,841 | €218,114 | €237,283 | €259,145 | ▲ 9.2% |
| Stocks and contracts in progress3 | €146,216 | €88,355 | €77,303 | €107,861 | €115,404 | ▲ 7.0% |
| Stocks30/36 | - | €88,355 | €77,303 | €107,861 | €115,404 | ▲ 7.0% |
| Amounts receivable within one year40/41 | €22,276 | €34,523 | €40,124 | €40,932 | €45,808 | ▲ 11.9% |
| Trade receivables40 | - | €14,358 | €14,358 | €14,211 | €18,569 | ▲ 30.7% |
| Other amounts receivable41 | - | €20,165 | €25,766 | €26,721 | €27,239 | ▲ 1.9% |
| Cash at bank and in hand54/58 | €118,500 | €127,158 | €97,650 | €86,450 | €95,844 | ▲ 10.9% |
| Deferred charges and accrued income490/1 | - | €3,804 | €3,036 | €2,041 | €2,088 | ▲ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €825,276 | €756,728 | €688,702 | €673,199 | €662,206 | ▼ 1.6% |
| Equity10/15 | €563,897 | €513,812 | €489,475 | €502,059 | €535,763 | ▲ 6.7% |
| Contributions10/11 | - | €387,100 | €387,100 | €387,100 | €387,100 | = |
| Reserves13 | €155,460 | €126,712 | €102,375 | €114,959 | €148,663 | ▲ 29.3% |
| Non-distributable reserves130/1 | - | €38,710 | €38,710 | €38,710 | €38,710 | = |
| Reserves not available under the articles1311 | - | €38,710 | €38,710 | €38,710 | €38,710 | = |
| Tax-exempt reserves132 | - | €56,750 | €56,750 | €56,750 | €56,750 | = |
| Distributable reserves133 | - | €31,253 | €6,915 | €19,499 | €53,204 | ▲ 173% |
| Profit (loss) carried forward14 | €21,337 | €0 | - | - | - | - |
| Amounts payable17/49 | €261,379 | €242,915 | €199,227 | €171,140 | €126,442 | ▼ 26.1% |
| Amounts payable after more than one year17 | €206,802 | €169,843 | €131,471 | €91,629 | €50,263 | ▼ 45.1% |
| Financial debts170/4 | - | €169,843 | €131,471 | €91,629 | €50,263 | ▼ 45.1% |
| Amounts payable within one year42/48 | €54,577 | €73,072 | €67,757 | €79,511 | €76,179 | ▼ 4.2% |
| Current portion of amounts payable after more than one year42 | - | €36,958 | €38,373 | €39,841 | €41,366 | ▲ 3.8% |
| Trade debts44 | €3,406 | €9,061 | €3,492 | €11,466 | €2,931 | ▼ 74.4% |
| Suppliers440/4 | - | €9,061 | €3,492 | €11,466 | €2,931 | ▼ 74.4% |
| Taxes, remuneration and social security45 | - | €27,052 | €25,892 | €28,204 | €31,882 | ▲ 13.0% |
| Taxes450/3 | - | €25,321 | €22,204 | €22,134 | €28,056 | ▲ 26.8% |
| Remuneration and social security454/9 | - | €1,731 | €3,688 | €6,070 | €3,825 | ▼ 37.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,266 | -€50,084 | -€24,337 | €12,583 | €33,705 | ▲ 168% |
| + Depreciation and write-downs630 | €34,856 | €34,912 | €34,855 | €34,673 | €34,037 | ▼ 1.8% |
| Operating cash flow (approximation) | -€35,409 | -€15,173 | €10,518 | €47,256 | €67,742 | ▲ 43.4% |
| Investment in fixed assets (approximation) | - | -€908 | -€2,557 | €0 | -€1,182 | - |
| Change in cash | - | €8,659 | -€29,508 | -€11,200 | €9,395 | ▲ 184% |
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
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
31-12
Financial
Highest result since 2018net €33,705 ▲168%
Operating result €36,197, net result €33,705, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Back to profitnet €12,583
Net result €12,583 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €502,059 ▲2.6%
Equity rises from €489,475 to €502,059.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Back to profitnet €207
Net result €207 after one loss-making year.
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
2016
15-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 1997
Ground area
109 m²
Building footprint
74 m²
Volume, LiDAR
819 m³
Parcel 11803C1673/00A000, Flanders · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ALLEZ-Y
since 19972.083.057.083
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1673/00A000 | Flanders | 109 m² | 1 · 74 m² | 15.9 m · 4 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.
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 374 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 (pre-2019)
Founded31-07-1997
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
47722Retail trade
74201Photography, excluding press photography
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461230644
Also
9925:BE0461230644
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.