CULLT
ActiveSummary
CULLT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,063 and a net result of €33,063. Its solvency ranks better than 63% of 9,633 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Other business support services
NACE 82990
1 site
Size
≈ €110,000turnover 2025, estimated
- Equity
- €34,063
- Profit
- €33,063
Turnover estimated from the gross margin
Why 91raises riskSize: total assets €52,590Founded in 2024lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 2.21, cash €9,660Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (NACE 82, micro)
Financial strength
Strong
Solvency
90
equity 64.8% of total assets
Liquidity
57
short-term debt 35.2% · cash 18.4%
Profitability
100
return on assets 62.9%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 0.6%
02-2026: 0.6%● unchanged vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.7%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%▲ +0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026highest value
09-2026: 0.2%▼ -0.6 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.21, above the usual 1.5; short-term debt: 35.2% and cash: 18.4% of total assets), and 35.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 65% on solvency, 51% on liquidity and 87% on profitability.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 22 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-08-2026, 22 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
22 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointments: CARDEYNAELS Glenn (director) and…
Financials · financial year 2025, micro format
2025 annual accounts filed late (22 days) Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00415011.
Turnover
≈ €110,000
Estimated: probably between €67,000 and €150,000
Total assets
€52,590
Net result
€33,063
Working capital
€22,383
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
Assets €52,590
Fixed assets
€11,680
Current assets
€40,910
Equity and liabilities €52,590
Equity
€34,063
Debt
€18,527
Debt finances 35.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,494
Cash flow
€34,457
Current ratio
2.21
Debt to equity
0.54
ROE
97.1%
ROA
62.9%
Interest coverage
over 100
Debt ≤ 1 year
€18,527
Income taxes
€8,000
Peer companies
Historical observationOf the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.6%
stopped otherwise
96.6%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 0.9% |
| 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 74.5% 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 11,279 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 | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,394 |
| Other operating charges640/8 | €62 |
| Gross operating margin9900 | €42,556 |
| Operating profit (loss)9901 | €41,100 |
| Financial charges65/66B | €37 |
| Recurring financial charges65 | €37 |
| Profit (loss) for the period before taxes9903 | €41,063 |
| Income taxes67/77 | €8,000 |
| Profit (loss) for the period9904 | €33,063 |
| Profit (loss) for the period to be appropriated9905 | €33,063 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €52,590 | |
| Fixed assets21/28 | €11,680 | |
| Tangible fixed assets22/27 | €11,680 | |
| Furniture and vehicles24 | €6,789 | |
| Other tangible fixed assets26 | €4,891 | |
| Current assets29/58 | €40,910 | |
| Amounts receivable within one year40/41 | €31,250 | |
| Trade receivables40 | €30,250 | |
| Other amounts receivable41 | €1,000 | |
| Cash at bank and in hand54/58 | €9,660 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €52,590 | |
| Equity10/15 | €34,063 | |
| Contributions10/11 | €1,000 | |
| Profit (loss) carried forward14 | €33,063 | |
| Amounts payable17/49 | €18,527 | |
| Amounts payable within one year42/48 | €18,527 | |
| Trade debts44 | €223 | |
| Suppliers440/4 | €223 | |
| Taxes, remuneration and social security45 | €14,843 | |
| Taxes450/3 | €14,843 | |
| Other amounts payable47/48 | €3,461 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €33,063 |
| + Depreciation and write-downs630 | €1,394 |
| Operating cash flow (approximation) | €34,457 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00415011 |
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Of the 24,206 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,747. 6,796 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, no change since 2024
CARDEYNAELS Glenn
CurrentDirector (not named in the articles) · since 24-12-2024
UTEN Eveline
CurrentDirector (not named in the articles) · since 24-12-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
2 people since 2024, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| CARDEYNAELS Glenn |
|
| UTEN Eveline |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 24-12-2024 ↗
- CARDEYNAELS Glenn 50 shares (50%) · €500
- UTEN Eveline 50 shares (50%) · €500
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 24-12-2024 Incorporation · €1,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
G&H ELEKTRICITEITSWERKEN
via CARDEYNAELS Glenn · Director (not named in the articles)
former→
History
Acts, filings and financial milestones
2026
22-08
NBB filing
Annual accounts filed
financial year 2025 · micro format · 22 days late
2024
24-12
Gazette deed
IncorporationAppointments: CARDEYNAELS Glenn (director) and UTEN Eveline (director) · Founder · Founding capital9 facts ▸
Gazette deed
Incorporation
Appointments: CARDEYNAELS Glenn (director) and UTEN Eveline (director) · Founder · Founding capital9 facts ▸
- Incorporation, “CULLT” (deed in Dutch)
- Founder, CARDEYNAELS Glenn
- Founder, UTEN Eveline
- Founding capital, €1,000
- Registered office clause, “3670 Oudsbergen,Oudsbergerweg 60” (deed in Dutch)
- Board rule, 2
- Director appointment, CARDEYNAELS Glenn (director (not named in the articles))
- Director appointment, UTEN Eveline (director (not named in the articles))
- Other provision, “geen strafrechtelijk of burgerrechtelijk bestuursverbod onderneming uitbaten of functie bestuurder commissaris zaakvoerder persoonlijk of via tussenpersoon, afw…” (deed in Dutch)
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded20-12-2024
Financial year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
70100Activities of head offices
70200Business and other management consultancy
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:1017734985
Registered
16-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Oudsbergen · 1 establishment unit since 2024
Ground area
1,443 m²
Building footprint
195 m²
Building volume
432 m³
Parcel 72011C0913/00F002, Flanders · tallest building 10.7 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CULLT
since 2024unit no. 2.368.441.179
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72011C0913/00F002 | Flanders | 1,442 m² | 1 · 195 m² | 10.7 m |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De verwerving voor eigen rekening van participaties, onder welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van…” (deed in Dutch)
15 activities (deed in Dutch)
- De verwerving voor eigen rekening van participaties, onder welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van om het even welke onderneming, van Belgische of buitenlandse commerciële, industriële of andere vennootschappen.
- Het verlenen aan de ondernemingen waarin zij deelneemt en aan derden, al dan niet bezoldigd, van alle bijstand, hetzij technisch, industrieel, commercieel of administratief, hetzij op het vlak van algemeen beheer of het financiële beheer.
- Het waarnemen van alle bestuursopdrachten, het uitoefenen van mandaten en functies welke rechtstreeks of onrechtstreeks met haar maatschappelijke voorwerp verband houden.
- Het voeren van het dagelijks management van vennootschappen, hieronder wordt onder meer vervat : organisatie en planning van het productieproces, de logistieke afhandeling en de kwaliteitscontrole; het bepalen van het aankoopbeleid, het verkoopbeleid, onderhandelen met leveranciers en klanten; het verbeteren en op punt stellen van de administratieve en financiële organisatie; consultancy in de bouwsector in het algemeen en wegenbouw in het bijzonder;
- Het ontwikkelen, kopen, verkopen in licentie nemen of geven van brevetten en octrooien, know-how en aanverwante immateriële duurzame vaste activa, alsmede de uitbating van een bureau voor nijverheidsstudies.
- Het verhuren of huren, de aan- en verkoop van roerende goederen.
- De vennootschap kan overgaan tot alle verrichtingen, alsmede financiële en onroerende verrichtingen, die van aard zijn de verwezenlijking van haar maatschappelijk voorwerp rechtstreeks of onrechtstreeks te bevorderen, dit zowel in België als in het buitenland.
- Het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, ordenen, huren en verhuren, het doen bouwen of doen verbouwen, evenals alle onroerende verrichtingen in de meest ruime zin en dit voor eigen beheer met inbegrip van de onroerende leasing;
- De aankoop, het beheer en de verkoop van alle mogelijke roerende en onroerende waarden, van alle mogelijke maatschappelijke rechten en meer algemeen, alle mogelijke verrichtingen met betrekking tot het beheer van de aldus gevormde portefeuille;
- De rechtstreekse of onrechtstreekse participatie in alle mogelijke commerciële, industriële, financiële, roerende en onroerende vennootschappen of ondernemingen;
- De vennootschap heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen, van welke aard ook, commercieel, industrieel, financieel, roerend of onroerend, te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken.
- Zij kan deelnemen of belangen nemen door samenwerking, associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, samenwerkingen, verenigingen of ondernemingen met eenzelfde, analoog, gelijkaardig of samenhangend voorwerp met het hare, of met een voorwerp dat de ontwikkeling van haar onderneming of de afname van haar producten en diensten kan bevorderen.
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen.
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen of particulieren, in de meest ruime zin.
- In het geval de verrichting van bepaalde handelingen zou onderworpen zijn aan voorafgaande voorwaarden inzake toegang tot het beroep, zal de vennootschap haar optreden, wat betreft de verrichting van deze handelingen, aan de vervulling van deze voorwaarden ondergeschikt maken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CULLT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Eenvoudige beslissing, Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft ten laste van overdrager en helft ten laste van koper(s),naar evenredigheid verworven aantal…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 19:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Krachtens statuten, ontbinding om welke reden en wanneer ook” (deed in Dutch)