CULA
ActiveSummary
The computed 12-month bankruptcy probability of CULA is 2.9% (moderate). The 2024 annual accounts show equity of €22,751 and a net result of €3,981. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 36380 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability58▲+4
Solvency40▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.16 against 1.19 in 2023; short-term debt: 79.5% and cash: 17% of total assets), and 84.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
15.1%
Return on assets
2.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
96 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€22,751▲ 21.2%
2023 · €18,770
Total assets
€150,310▼ 0.6%
2023 · €151,193
Net result
€3,981▲ 79.1%
2023 · €2,223
Working capital
€19,574▼ 13.0%
2023 · €22,490
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
Line202220232024
Operating result€8,302-€3,567▼ 57.0%€6,408▲ 79.6%
Net result€6,547-€2,223▼ 66.1%€3,981▲ 79.1%
Equity€16,547-€18,770▲ 13.4%€22,751▲ 21.2%
Total assets€47,024-€151,193▲ 222%€150,310▼ 0.6%
Debt€30,477-€132,424▲ 334%€127,559▼ 3.7%
Working capital€16,547-€22,490▲ 35.9%€19,574▼ 13.0%
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 2024; 2024 is 80% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €150,310
Fixed assets
€11,304 ▲ 19.5%
Current assets
€139,006 ▼ 1.9%
Equity and liabilities €150,310
Equity
€22,751 ▲ 21.2%
Debt
€127,559 ▼ 3.7%
Debt's share of the balance-sheet total falls from 87.6% to 84.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9,563▲
2023 · €5,422
Cash flow
€7,136▲
2023 · €4,078
Current ratio
1.16▼
2023 · 1.19
Debt to equity
5.61▼
2023 · 7.06
ROE
17.5%▲
2023 · 11.8%
ROA
2.6%▲
2023 · 1.5%
Interest coverage
4.32▲
2023 · 4.02
Debt ≤ 1 year
€119,432▲
2023 · €119,244
Debt > 1 year
€8,127▼
2023 · €13,180
Income taxes
€1,612▲
2023 · €968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% 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 497,058 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% | 1.6% |
| 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 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 2,541 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 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,855 | €3,155 | ▲ 70.1% |
| Other operating charges640/8 | €348 | €760 | €812 | ▲ 6.9% |
| Gross operating margin9900 | €8,650 | €6,182 | €10,375 | ▲ 67.8% |
| Operating profit (loss)9901 | €8,302 | €3,567 | €6,408 | ▲ 79.6% |
| Financial income75/76B | €91 | €972 | €1,398 | ▲ 43.8% |
| Recurring financial income75 | €91 | €972 | €1,398 | ▲ 43.8% |
| Financial charges65/66B | €54 | €1,348 | €2,213 | ▲ 64.1% |
| Recurring financial charges65 | €54 | €1,348 | €2,213 | ▲ 64.1% |
| Profit (loss) for the period before taxes9903 | €8,340 | €3,191 | €5,593 | ▲ 75.3% |
| Income taxes67/77 | €1,793 | €968 | €1,612 | ▲ 66.5% |
| Profit (loss) for the period9904 | €6,547 | €2,223 | €3,981 | ▲ 79.1% |
| Profit (loss) for the period to be appropriated9905 | €6,547 | €2,223 | €3,981 | ▲ 79.1% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €47,024 | €151,193 | €150,310 | ▼ 0.6% |
| Fixed assets21/28 | - | €9,459 | €11,304 | ▲ 19.5% |
| Tangible fixed assets22/27 | - | €9,459 | €11,304 | ▲ 19.5% |
| Furniture and vehicles24 | - | €9,459 | €11,304 | ▲ 19.5% |
| Current assets29/58 | €47,024 | €141,735 | €139,006 | ▼ 1.9% |
| Amounts receivable within one year40/41 | €45,473 | €136,285 | €113,419 | ▼ 16.8% |
| Trade receivables40 | €37,216 | €90,823 | €99,080 | ▲ 9.1% |
| Other amounts receivable41 | €8,256 | €45,462 | €14,339 | ▼ 68.5% |
| Cash at bank and in hand54/58 | €1,471 | €4,161 | €25,587 | ▲ 515% |
| Deferred charges and accrued income490/1 | €81 | €1,289 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €47,024 | €151,193 | €150,310 | ▼ 0.6% |
| Equity10/15 | €16,547 | €18,770 | €22,751 | ▲ 21.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €6,547 | €8,770 | €12,751 | ▲ 45.4% |
| Amounts payable17/49 | €30,477 | €132,424 | €127,559 | ▼ 3.7% |
| Amounts payable after more than one year17 | - | €13,180 | €8,127 | ▼ 38.3% |
| Financial debts170/4 | - | €13,180 | €8,127 | ▼ 38.3% |
| Amounts payable within one year42/48 | €30,477 | €119,244 | €119,432 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €4,778 | €5,052 | ▲ 5.7% |
| Trade debts44 | €24,809 | €110,736 | €111,787 | ▲ 0.9% |
| Suppliers440/4 | €24,809 | €110,736 | €111,787 | ▲ 0.9% |
| Taxes, remuneration and social security45 | €5,668 | €3,731 | €2,593 | ▼ 30.5% |
| Taxes450/3 | €5,068 | €2,761 | €2,593 | ▼ 6.1% |
| Remuneration and social security454/9 | €600 | €970 | - | - |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,547 | €2,223 | €3,981 | ▲ 79.1% |
| + Depreciation and write-downs630 | - | €1,855 | €3,155 | ▲ 70.1% |
| Operating cash flow (approximation) | €6,547 | €4,078 | €7,136 | ▲ 75.0% |
| Investment in fixed assets (approximation) | - | - | -€5,000 | - |
| Change in cash | - | €2,690 | €21,427 | ▲ 697% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
04-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 96 days late
2023
31-12
Financial
Weakest financial yearnet €2,223 ▼66.1%
Net result drops to €2,223, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Dilbeek · 1 establishment unit since 2022
Ground area
247 m²
Building footprint
215 m²
Volume, LiDAR
1,266 m³
Parcel 23352F0300/00R000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CULA
since 20222.332.154.568
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23352F0300/00R000 | Flanders | 247 m² | 1 · 215 m² | 9.9 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.
Similar companies · same sector, comparable size
Calinco
BE 0756.759.158
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WILLEMS ELECTRICITE
BE 0673.968.668
Theux · Eq €22,758
TM TECHNIEKEN
BE 1015.132.813
Genk · Eq €22,741
SIMPLELEC 2.0
BE 1003.816.376
Frameries · Eq €22,729
SAS ELECTRO PROJECTS
BE 0552.655.916
Lille · Eq €22,773
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,462 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
Founded31-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43221Plumbing work
43230Insulation installation
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0786665743
Also
9925:BE0786665743
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.