CULIKADO
ActiveCULIKADO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €8k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 67% of 10253 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+25
Solvency79▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.18 against 2.0 in 2024; short-term debt: 45.8% and cash: 17% of total assets), and 45.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
54.1%
Return on assets
3.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
95 d late
2023
33 d late
2022
60 d late
2021
57 d late
2020
89 d late
2019
102 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€117k▲ 7.5%
2024 · €109k
2018: €44k
2019: €30k
2020: €43k
2021: €75k
2022: €119k
2023: €127k
2024: €109k
2018 → 2025
Total assets
€216k▼ 9.0%
2024 · €237k
2018: €151k
2019: €173k
2020: €143k
2021: €176k
2022: €219k
2023: €248k
2024: €237k
2018 → 2025
Net result
€8k
2024 · €-19k
2018: €6k
2019: €-13k
2020: €12k
2021: €33k
2022: €44k
2023: €16k
2024: €-19k
2018 → 2025
Working capital
€117k▼ 1.5%
2024 · €119k
2018: €26k
2019: €39k
2020: €51k
2021: €83k
2022: €122k
2023: €145k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€75k-€119k▲ 58.0%€127k▲ 7.1%€109k▼ 14.8%€117k▲ 7.5%
Operating result€31k-€50k▲ 59.8%€22k▼ 56.5%€-22k€7k
Net result€33k-€44k▲ 33.2%€16k▼ 63.1%€-19k€8k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €7k after a loss of €22k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216k
Fixed assets
€153▼ 35.1%
Current assets
€216k▼ 9.0%
Equity and liabilities €216k
Equity
€117k▲ 7.5%
Debt
€99k▼ 22.9%
The debt ratio falls from 54.2% to 45.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7k▲
2024 · €-22k
Cash flow
€8k▲
2024 · €-19k
Solvency
54.1%▲
2024 · 45.8%
Current ratio
2.18▲
2024 · 2.00
Quick ratio
1.90▲
2024 · 1.71
Debt / equity
0.85▼
2024 · 1.18
ROE
7.0%▲
2024 · -17.3%
ROA
3.8%▲
2024 · -7.9%
Interest coverage
1.32▲
2024 · -5.50
Debt
€99k▼
2024 · €128k
Debt ≤ 1 year
€99k▼
2024 · €118k
Debt > 1 year
€0▼
2024 · €10k
Staff costs
€69k▼
2024 · €74k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€237k€216k▼
Fixed assets21/28€236€153▼
Tangible fixed assets22/27€116€33▼
Plant, machinery and equipment23€116€33▼
Financial fixed assets28€120€120=
Current assets29/58€237k€216k▼
Amounts receivable after more than one year29-€100k
Other amounts receivable291-€100k
Stocks and contracts in progress3€35k€28k▼
Stocks30/36€35k€28k▼
Amounts receivable within one year40/41€145k€45k▼
Trade receivables40€954€170▼
Other amounts receivable41€144k€45k▼
Cash at bank and in hand54/58€49k€37k▼
Deferred charges and accrued income490/1€7k€6k▼
Equity and liabilities
Total equity and liabilities10/49€237k€216k▼
Equity10/15€109k€117k▲
Contributions10/11€6k€6k=
Reserves13€102k€111k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€101k€109k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€128k€99k▼
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€118k€99k▼
Current portion of amounts payable after more than one year42€18k€11k▼
Trade debts44€59k€51k▼
Suppliers440/4€59k€51k▼
Advances received on contracts in progress46€6k€6k▲
Taxes, remuneration and social security45€36k€28k▼
Taxes450/3€15k€12k▼
Remuneration and social security454/9€21k€16k▼
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€250€250=
Income statement
Code20242025
Remuneration, social security and pensions62€74k€69k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€80€83▲
Other operating charges640/8€814€808▼
Gross operating margin9900€52k€77k▲
Operating profit (loss)9901€-22k€7k▲
Financial income75/76B€8k€7k▼
Recurring financial income75€8k€7k▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€-19k€8k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-19k€8k▲
Profit (loss) for the period to be appropriated9905€-19k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€8k▲
Profit (loss) brought forward from the previous period14P€3k€0▼
Transfer from equity791/2€16k€0▼
Transfer to equity691/2€0€8k▲
To other reserves6921€0€8k▲
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
03-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 95 days late
2024
31-12
Financial
Weakest financial yearnet €-19k ▼217%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 33 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €44k ▲33.2%
Operating result €50k, net result €44k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲58%
3 profitable years in a row build equity to €119k.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 57 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 102 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Geldmuntstraat 118000 BruggeGround area
144 m²
Building footprint
137 m²
Volume, LiDAR
1,045 m³
Parcel 31804D0428/00E000, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CULIKADO
since 20032.135.554.275
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D0428/00E000 | Flanders | 144 m² | 1 · 137 m² | 14.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.135.554.275
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Look Unique
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Of 2,476 companies in sector 47279 we hold annual accounts for 948. 760 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-10-2003
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47279Other retail sale of food
47299Retail trade
52112
52272
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.