Equity
Equity fell by 66% in 3 years.
Equity fell by 66% in 3 years.
From profit to loss in 2025, after a profit of €48,674 in 2024.
Debts rose by €136,271 in 2025.
Short-term debts rose from €85,274 to €204,833.
Five of the last ten came late. The 2025 accounts came latest: 60 days after the end of the period.
Lower net result than 95% of companies in furniture. Sector median €5,119 · 505 companies.
The dashed line is the sector median: 0.6% across 829 companies (NACE 31, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 31, micro). It does better than 33% of them on solvency, 18% on liquidity, 7% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
In July 2024, 1,221 companies had the same profile as Cuisine Conseil has now. Each dot stands for 4 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Cuisine Conseil itself: 4.9% within 12 months.
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 1,221 companies, not a prediction for Cuisine Conseil. 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.99 (2.63 in 2024), below 1. Short-term debt is 60.2% and cash 4.3% of total assets. 80.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 31), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Cuisine Conseil Chaudfontaine | €340,097 | €49,679 | 19.2% | - |
| Pascha Keukens Eeklo | €414,632 | €86,695 | 55.1% | - |
| FREJA CONCEPTS Merelbeke-Melle | €231,337 | €58,123 | 49.1% | - |
| F.S. KEUKENS Zulte | €392,296 | €45,951 | 53.2% | - |
| ESPACE 3 Ecaussinnes | €223,426 | €61,258 | 21.9% | - |
| Interieurbouw Colson Oostrozebeke | €383,316 | €94,566 | 23.3% | - |
| Création-Ebénisterie FERON Anne Tournai | €275,863 | €82,836 | 57.3% | 1.8 |
These companies have the same main activity as Cuisine Conseil: manufacture of furniture (NACE 31002). They are comparable in size and age: total assets between €223,000 and €415,000, founded between 1977 and 1995.
Cuisine Conseil files the micro format. That format states no turnover. The gross margin fell from €162,796 in 2006 to €49,679 in 2025.
DL Menuiserie holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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