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CULLEN CLEANING SERVICES

Active
General partnershipfounded 2009active for 16 yearsEsplanade 1, 1020 Brussel, BelgiumKBO/BCE: BE 0820.194.881
Summary

For CULLEN CLEANING SERVICES, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €126,621 and a net result of €19,540. Equity is growing by about 21% per year across the filed financial years. Its solvency ranks better than 36% of 964 sector peers (NACE 81, financial year 2021). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
CULLEN CLEANING SERVICESActive
Risk analysis ReportCompare

Overview

Activity
General cleaning of buildings
NACE 81210
1 site
Size
€456,754total assets 2021
Staff
19.9 FTE
Equity
€126,621
Profit
€19,540
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy probabilitywithin 12 months
0.8%
2021 figures too old to score
Structure
Accounts 1166 days overdue0 of 3 deeds read
Signalsraises riskFigures for financial year 2021 (filed 20-07-2022)Two or more financial years not filedlowers riskLiquidity: current ratio 1.37, cash €288,825Founded in 2009Legal form: general partnershipneutralLatest accounts filed on timeShow the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Financial strength, FY 2021 · tick = 2020
Strong
Solvency 53+1
equity 27.7% of total assets
Liquidity 62+21
short-term debt 70.6% · cash 63.2%
Profitability 74+25
return on assets 4.3%
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (483 companies, NACE 81, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025highest value 03-2025: 0.9%● unchanged vs 02-2025highest value 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 0.9%● unchanged vs 06-2025 08-2025: 0.9%● unchanged vs 07-2025 09-2025: 0.9%● unchanged vs 08-2025 10-2025: 0.8%▼ -0.1 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026lowest value 03-2026: 0.8%● unchanged vs 02-2026lowest value 04-2026: 0.8%● unchanged vs 03-2026lowest value 05-2026: 0.8%● unchanged vs 04-2026lowest value 06-2026: 0.8%● unchanged vs 05-2026lowest value 07-2026: 0.8%● unchanged vs 06-2026lowest value 08-2026: 0.8%● unchanged vs 07-2026lowest value 09-2026: 0.8%● unchanged vs 08-2026lowest value 10-2026: 0.8%● unchanged vs 09-2026lowest value
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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Figures for financial year 2021 (filed 20-07-2022)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.37, cash €288,825
NBB · annual accounts
lowers risk · Founded in 2009
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Legal form: general partnership
KBO
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2022 year end31-07-2023 deadline09-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 18-07-2022, 13 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
13 days early
2020
31 days early
2019
17 days early
← 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 20 days before the deadline; the sector median (NACE 81) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2021 · abbreviated…
  2. Annual accounts filedfinancial year 2020 · micro…
  3. Weakest financial yearnet €18,304 ▼35.9%

Key points

  • Risk: Accounts not fileddeadline was 31-07-2023 1166 days late View
  • Among the largest 15% on gross marginsector median €339,420 · 958 companies €1.1m View
  • Active since 2009founded 30-10-2009 16 years View

By topic

Financials

Financial year
2021
Total assets
€456,754
Profit
€19,540
Solvency
27.7%
Total assets▲ 15.2%
Net result
20182021
Go to Financials

Timeline

Events
14
Since
2011
  1. 31-12-2020Equity above €100,000
  2. 14-07-2020Annual accounts filed
  3. 30-08-2019Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
General partnership
Activity
General cleaning of buildingsNACE 81210
Founded
30-10-2009
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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