CULIFO
ActiveSummary
CULIFO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €401,732 and a net result of €168,301. Equity is growing by ~7.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+27
Solvency86▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.12 in 2024; short-term debt: 25% and cash: 17.8% of total assets), and 39.4% of the assets are financed with debt.
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Signals
Five 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
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
60.6%
Return on assets
25.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
51 d early
2023
56 d early
2022
55 d early
2021
44 d early
2020
54 d early
2019
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€401,732▲ 72.1%
2024 · €233,431
Total assets
€662,671▲ 15.9%
2024 · €571,789
Net result
€168,301▲ 754%
2024 · €19,714
Working capital
-€45,411▲ 74.8%
2024 · -€179,857
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€33,209▲ 130%€20,922▼ 37.0%€27,630▲ 32.1%€33,504▲ 21.3%€253,037▲ 655%
Net result€18,351▲ 267%€9,467▼ 48.4%€14,908▲ 57.5%€19,714▲ 32.2%€168,301▲ 754%
Equity€189,343▲ 10.7%€198,810▲ 5.0%€213,718▲ 7.5%€233,431▲ 9.2%€401,732▲ 72.1%
Total assets€604,972▼ 5.3%€573,229▼ 5.2%€534,071▼ 6.8%€571,789▲ 7.1%€662,671▲ 15.9%
Debt€399,991▼ 11.2%€360,452▼ 9.9%€308,058▼ 14.5%€327,735▲ 6.4%€251,987▼ 23.1%
Working capital-€130,363▲ 0.6%-€132,136▼ 1.4%-€121,571▲ 8.0%-€179,857▼ 47.9%-€45,411▲ 74.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 655% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662,671
Fixed assets
€542,224 ▼ 0.9%
Current assets
€120,447 ▲ 393%
Equity and liabilities €662,671
Equity
€401,732 ▲ 72.1%
Provisions
€8,952 ▼ 15.7%
Debt
€251,987 ▼ 23.1%
Debt's share of the balance-sheet total falls from 57.3% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€299,826▲
2024 · €76,687
Cash flow
€215,090▲
2024 · €62,897
Current ratio
0.73▲
2024 · 0.12
Debt to equity
0.63▼
2024 · 1.40
ROE
41.9%▲
2024 · 8.4%
ROA
25.4%▲
2024 · 3.4%
Interest coverage
51.09▲
2024 · 10.72
Debt ≤ 1 year
€165,858▼
2024 · €204,290
Debt > 1 year
€86,129▼
2024 · €123,445
Income taxes
€80,894▲
2024 · €8,311
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €222,984 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,493 | €41,020 | €42,337 | €43,183 | €46,789 | ▲ 8.4% |
| Other operating charges640/8 | €13,454 | €12,433 | €14,118 | €15,473 | €15,144 | ▼ 2.1% |
| Gross operating margin9900 | €91,156 | €74,375 | €84,085 | €92,160 | €314,970 | ▲ 242% |
| Operating profit (loss)9901 | €33,209 | €20,922 | €27,630 | €33,504 | €253,037 | ▲ 655% |
| Financial income75/76B | €3 | - | - | - | €355 | - |
| Recurring financial income75 | €3 | - | - | - | €355 | - |
| Financial charges65/66B | €11,085 | €7,842 | €7,576 | €7,151 | €5,869 | ▼ 17.9% |
| Recurring financial charges65 | €11,085 | €7,842 | €7,576 | €7,151 | €5,869 | ▼ 17.9% |
| Profit (loss) for the period before taxes9903 | €22,127 | €13,080 | €20,054 | €26,353 | €247,523 | ▲ 839% |
| Transfer from deferred taxes780 | €1,672 | €1,672 | €1,672 | €1,672 | €1,672 | = |
| Income taxes67/77 | €5,448 | €5,285 | €6,818 | €8,311 | €80,894 | ▲ 873% |
| Profit (loss) for the period9904 | €18,351 | €9,467 | €14,908 | €19,714 | €168,301 | ▲ 754% |
| Transfer from tax-exempt reserves789 | €3,246 | €3,246 | €3,246 | €3,246 | €3,246 | = |
| Profit (loss) for the period to be appropriated9905 | €21,597 | €12,713 | €18,154 | €22,960 | €171,547 | ▲ 647% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €604,972 | €573,229 | €534,071 | €571,789 | €662,671 | ▲ 15.9% |
| Fixed assets21/28 | €593,590 | €560,195 | €517,858 | €547,356 | €542,224 | ▼ 0.9% |
| Tangible fixed assets22/27 | €593,385 | €559,990 | €517,653 | €547,151 | €542,019 | ▼ 0.9% |
| Land and buildings22 | €589,766 | €550,470 | €510,984 | €536,247 | €530,392 | ▼ 1.1% |
| Plant, machinery and equipment23 | €1,174 | €7,944 | €5,924 | €9,006 | €10,333 | ▲ 14.7% |
| Furniture and vehicles24 | €2,445 | €1,576 | €745 | €1,898 | €1,294 | ▼ 31.8% |
| Financial fixed assets28 | €205 | €205 | €205 | €205 | €205 | = |
| Current assets29/58 | €11,382 | €13,034 | €16,213 | €24,433 | €120,447 | ▲ 393% |
| Amounts receivable within one year40/41 | - | - | €182 | €182 | €2,131 | ▲ 1,071% |
| Trade receivables40 | - | - | - | - | €2,131 | - |
| Other amounts receivable41 | - | - | €182 | €182 | - | - |
| Cash at bank and in hand54/58 | €10,841 | €12,465 | €15,371 | €23,558 | €117,909 | ▲ 401% |
| Deferred charges and accrued income490/1 | €541 | €569 | €660 | €693 | €407 | ▼ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €604,972 | €573,229 | €534,071 | €571,789 | €662,671 | ▲ 15.9% |
| Equity10/15 | €189,343 | €198,810 | €213,718 | €233,431 | €401,732 | ▲ 72.1% |
| Contributions10/11 | €88,002 | €88,002 | €88,002 | €88,002 | €88,002 | = |
| Capital10 | €88,002 | €88,002 | €88,002 | €88,002 | €88,002 | = |
| Issued capital100 | €88,002 | €88,002 | €88,002 | €88,002 | €88,002 | = |
| Reserves13 | €39,170 | €35,924 | €32,678 | €29,431 | €197,732 | ▲ 572% |
| Non-distributable reserves130/1 | €8,800 | €8,800 | €8,800 | €8,800 | €8,800 | = |
| Legal reserve130 | €8,800 | €8,800 | €8,800 | €8,800 | €8,800 | = |
| Tax-exempt reserves132 | €30,370 | €27,124 | €23,878 | €20,631 | €17,385 | ▼ 15.7% |
| Distributable reserves133 | - | - | - | - | €171,547 | - |
| Profit (loss) carried forward14 | €62,171 | €74,884 | €93,038 | €115,998 | €115,998 | = |
| Provisions and deferred taxes16 | €15,638 | €13,967 | €12,295 | €10,623 | €8,952 | ▼ 15.7% |
| Deferred taxes168 | €15,638 | €13,967 | €12,295 | €10,623 | €8,952 | ▼ 15.7% |
| Amounts payable17/49 | €399,991 | €360,452 | €308,058 | €327,735 | €251,987 | ▼ 23.1% |
| Amounts payable after more than one year17 | €258,246 | €215,282 | €170,274 | €123,445 | €86,129 | ▼ 30.2% |
| Financial debts170/4 | €258,246 | €215,282 | €170,274 | €123,445 | €86,129 | ▼ 30.2% |
| Amounts payable within one year42/48 | €141,745 | €145,170 | €137,784 | €204,290 | €165,858 | ▼ 18.8% |
| Current portion of amounts payable after more than one year42 | €54,317 | €46,663 | €48,276 | €47,206 | €37,294 | ▼ 21.0% |
| Taxes, remuneration and social security45 | €5,448 | €10,735 | - | €810 | €17,823 | ▲ 2,100% |
| Taxes450/3 | €5,448 | €10,735 | - | €810 | €17,823 | ▲ 2,100% |
| Other amounts payable47/48 | €81,980 | €87,772 | €89,508 | €156,274 | €110,741 | ▼ 29.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,351 | €9,467 | €14,908 | €19,714 | €168,301 | ▲ 754% |
| + Depreciation and write-downs630 | €44,493 | €41,020 | €42,337 | €43,183 | €46,789 | ▲ 8.4% |
| Operating cash flow (approximation) | €62,844 | €50,487 | €57,245 | €62,897 | €215,090 | ▲ 242% |
| Investment in fixed assets (approximation) | - | -€7,625 | €0 | -€72,681 | -€41,657 | ▲ 42.7% |
| Change in cash | - | €1,624 | €2,906 | €8,187 | €94,351 | ▲ 1,052% |
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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €168,301 ▲754%
Operating result €253,037, net result €168,301, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €213,718 ▲7.5%
4 profitable years in a row build equity to €213,718.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €5,001
Net result €5,001 after 2 loss-making years.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Balen · 1 establishment unit since 1996
Ground area
3,130 m²
Building footprint
277 m²
Volume, LiDAR
1,176 m³
Parcel 13030B0093/00K000, Flanders · tallest building 7.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CULIFO NV
since 19962.051.954.331
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030B0093/00K000 | Flanders | 3,130 m² | 1 · 277 m² | 7.1 m · 1 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.
Company details
Identification
Legal formPublic limited company
Founded19-02-1991
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443544079
Also
9925:BE0443544079
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.