CULINAS
ActiveSummary
CULINAS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227k and a net result of €-19k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-19
Solvency43=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.37 in 2024; short-term debt: 26.7% and cash: 6.8% of total assets), and 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-04-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
6 d early
2023
20 d early
2022
26 d early
2021
9 d early
2020
7 d early
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€227k▼ 7.9%
2024 · €247k
2019: €142k
2020: €127k
2021: €149k
2022: €186k
2023: €215k
2024: €247k
2019 → 2025
Total assets
€1.27M▼ 5.7%
2024 · €1.35M
2019: €573k
2020: €1.28M
2021: €1.38M
2022: €1.41M
2023: €1.32M
2024: €1.35M
2019 → 2025
Net result
€-19k
2024 · €31k
2019: €5k
2020: €-16k
2021: €22k
2022: €36k
2023: €30k
2024: €31k
2019 → 2025
Working capital
€69k▼ 42.5%
2024 · €120k
2019: €59k
2020: €47k
2021: €20k
2022: €101k
2023: €123k
2024: €120k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€149k-€186k▲ 24.5%€215k▲ 16.0%€247k▲ 14.5%€227k▼ 7.9%
Operating result€50k-€68k▲ 36.0%€62k▼ 7.8%€65k▲ 3.7%€6k▼ 90.0%
Net result€22k-€36k▲ 62.2%€30k▼ 17.8%€31k▲ 5.3%€-19k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 90% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€865k ▼ 4.6%
Current assets
€409k ▼ 8.0%
Equity and liabilities €1.27M
Equity
€227k ▼ 7.9%
Debt
€1.05M ▼ 5.2%
Debt's share of the balance-sheet total rises from 81.7% to 82.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71k▼
2024 · €123k
Cash flow
€45k▼
2024 · €90k
Current ratio
1.20▼
2024 · 1.37
Quick ratio
0.74▼
2024 · 0.91
Debt to equity
4.60▲
2024 · 4.48
ROE
-8.5%▼
2024 · 12.7%
ROA
-1.5%▼
2024 · 2.3%
Interest coverage
2.61▼
2024 · 4.35
Debt ≤ 1 year
€340k▲
2024 · €324k
Debt > 1 year
€706k▼
2024 · €780k
Income taxes
€593▼
2024 · €8k
Staff costs
€44k▼
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.35M€1.27M▼
Fixed assets21/28€907k€865k▼
Tangible fixed assets22/27€907k€865k▼
Land and buildings22€758k€722k▼
Plant, machinery and equipment23€28k€37k▲
Furniture and vehicles24€11k€15k▲
Leasing and similar rights25€16k€7k▼
Other tangible fixed assets26€93k€83k▼
Current assets29/58€445k€409k▼
Stocks and contracts in progress3€149k€159k▲
Stocks30/36€149k€159k▲
Amounts receivable within one year40/41€140k€161k▲
Trade receivables40€113k€128k▲
Other amounts receivable41€27k€33k▲
Cash at bank and in hand54/58€153k€86k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.27M▼
Equity10/15€247k€227k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€185k€165k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€179k€159k▼
Amounts payable17/49€1.10M€1.05M▼
Amounts payable after more than one year17€780k€706k▼
Financial debts170/4€780k€706k▼
Amounts payable within one year42/48€324k€340k▲
Current portion of amounts payable after more than one year42€69k€81k▲
Financial debts43€120k€121k▲
Credit institutions430/8€120k€121k▲
Trade debts44€82k€74k▼
Suppliers440/4€82k€74k▼
Advances received on contracts in progress46€26k€31k▲
Taxes, remuneration and social security45€21k€18k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€13k€11k▼
Other amounts payable47/48€7k€14k▲
Accrued charges and deferred income492/3€610€900▲
Income statement
Code20242025
Remuneration, social security and pensions62€46k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€65k▲
Other operating charges640/8€53k€17k▼
Gross operating margin9900€223k€133k▼
Operating profit (loss)9901€65k€6k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€28k€27k▼
Recurring financial charges65€28k€27k▼
Profit (loss) for the period before taxes9903€39k€-19k▼
Income taxes67/77€8k€593▼
Profit (loss) for the period9904€31k€-19k▼
Profit (loss) for the period to be appropriated9905€31k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€-19k▼
Transfer from equity791/2-€19k
Transfer to equity691/2€31k-
To other reserves6921€31k-
Social balance
Average headcount (FTE)90872.01.1▼
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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-19k ▼162%
Net result drops to €-19k, the lowest in the series.
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €200kEq €215k ▲16%
3 profitable years in a row build equity to €215k.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2019net €36k ▲62.2%
Operating result €68k, net result €36k, both a record.
30-09
Financial
Equity above €150kEq €186k ▲24.5%
2 profitable years in a row build equity to €186k.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
Show earlier events
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
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.
Directors · office · real estate
Directors
5 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, Brugge · 1 establishment unit since 1999
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.
Monnikenwerve 248000 BruggeGround area
1,439 m²
Building footprint
371 m²
Volume, LiDAR
1,881 m³
Parcel 31808K0342/00X000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Monnikenwerve 24, 8000 Brugge
since 19992.092.280.595
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0342/00X000 | Flanders | 1,439 m² | 1 · 371 m² | 6.3 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,875 EUR awarded · 1,875 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,875 EUR | 1,875 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesCULINAS NV#9876
Similar companies · same sector, comparable size
SCHOONJANS
BE 0448.298.267
Ninove · Eq €227,373
EGGERMONT GEERT
BE 0867.256.313
Deerlijk · Eq €227,211
Woodline Project
BE 0448.772.973
Antwerpen · Eq €227,507
AS INVEST
BE 0727.494.456
Mouscron · Eq €227,546
G-R
BE 0466.032.441
Balen · Eq €227,686
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,266 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded31-08-1999
Fiscal year end30-09
Activities, NACEBEL 2025
43320Joinery installation
43211General electrical installation work
43221Plumbing work
43331Floor and wall tiling
43332Laying of wooden floor and wall coverings
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.