CULOBEL ASSEMBLY
ActiveSummary
CULOBEL ASSEMBLY has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €19,469. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 93% of 273 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-24
Solvency100=
Growth43▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 8.84 against 4.4 in 2024; short-term debt: 11.1% and cash: 13.5% of total assets), and 11.2% 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○neutral
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
88.8%
Return on assets
1.4%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
71 d early
2023
71 d early
2022
60 d early
2021
45 d early
2020
45 d early
2019
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed 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 22 May (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, abbreviated schema
Turnover
€969,181▼ 2.5%
2018 · €993,758
EBIT margin
6.5%▼ 2.0pp
2018 · 8.6%
Net result
€19,469▼ 88.7%
2024 · €172,995
Working capital
€1.2m▲ 1.7%
2024 · €1.2m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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.Sector: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€169,142▲ 28.1%€193,880▲ 14.6%€77,526▼ 60.0%€232,952▲ 200%€11,710▼ 95.0%
Net result€124,753within the sector's middle half▲ 29.0%€144,744within the sector's middle half▲ 16.0%€57,577within the sector's middle half▼ 60.2%€172,995above the sector's middle half▲ 200%€19,469within the sector's middle half▼ 88.7%
EBIT margin
Equity€852,001within the sector's middle half▲ 17.2%€996,745within the sector's middle half▲ 17.0%€1.1mwithin the sector's middle half▲ 5.8%€1.2mwithin the sector's middle half▲ 16.4%€1.2mabove the sector's middle half▲ 1.6%
Total assets€1.2mwithin the sector's middle half▲ 15.2%€1.1mwithin the sector's middle half▼ 6.8%€1.2mwithin the sector's middle half▲ 12.1%€1.6mwithin the sector's middle half▲ 26.8%€1.4mwithin the sector's middle half▼ 11.2%
Debt€342,301▲ 10.7%€116,840▼ 65.9%€193,802▲ 65.9%€355,370▲ 83.4%€157,980▼ 55.5%
Working capital€831,684above the sector's middle half▲ 8.4%€971,442above the sector's middle half▲ 16.8%€1.0mabove the sector's middle half▲ 6.7%€1.2mabove the sector's middle half▲ 16.4%€1.2mabove the sector's middle half▲ 1.7%
Solvency71.3%above the sector's middle half▲ 1.2pp89.5%above the sector's middle half▲ 18.2pp84.5%above the sector's middle half▼ 5.0pp77.5%above the sector's middle half▼ 6.9pp88.8%above the sector's middle half▲ 11.2pp
Current ratio3.43above the sector's middle half▼ 0.649.31above the sector's middle half▲ 5.886.35above the sector's middle half▼ 2.964.40above the sector's middle half▼ 1.958.84above the sector's middle half▲ 4.44
Return on assets (ROA)10.4%within the sector's middle half▲ 1.1pp13.0%above the sector's middle half▲ 2.6pp4.6%within the sector's middle half▼ 8.4pp10.9%above the sector's middle half▲ 6.3pp1.4%within the sector's middle half▼ 9.5pp
Staff (FTE)1.6below the sector's middle half▼ 20.0%0.8below the sector's middle half▼ 50.0%0.8below the sector's middle half=0.9below the sector's middle half▲ 12.5%1.2below the sector's middle half▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 95% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€20,988 =
Current assets
€1.4m ▼ 11.4%
Equity and liabilities €1.4m
Equity
€1.2m ▲ 1.6%
Debt
€157,980 ▼ 55.5%
Debt's share of the balance-sheet total falls from 22.5% to 11.2%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
8.73▲
2024 · 4.35
Debt to equity
0.13▼
2024 · 0.29
ROE
1.6%▼
2024 · 14.1%
Debt ≤ 1 year
€156,588▼
2024 · €354,947
Income taxes
€7,288▼
2024 · €62,416
Staff costs
€119,846▲
2024 · €89,766
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
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 497,340 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 10,905 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €114,070 | €65,755 | €79,409 | €89,766 | €119,846 | ▲ 33.5% |
| Other operating charges640/8 | €1,129 | €1,133 | €1,443 | €2,406 | €1,381 | ▼ 42.6% |
| Gross operating margin9900 | €284,341 | €260,768 | €158,378 | €325,125 | €132,937 | ▼ 59.1% |
| Operating profit (loss)9901 | €169,142 | €193,880 | €77,526 | €232,952 | €11,710 | ▼ 95.0% |
| Financial income75/76B | €295 | €45 | €1,356 | €3,327 | €15,793 | ▲ 375% |
| Recurring financial income75 | €295 | €45 | €1,356 | €3,327 | €15,793 | ▲ 375% |
| Financial charges65/66B | €1,251 | €326 | €1,434 | €869 | €746 | ▼ 14.2% |
| Recurring financial charges65 | €1,251 | €326 | €1,434 | €869 | €746 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €168,186 | €193,599 | €77,448 | €235,411 | €26,757 | ▼ 88.6% |
| Income taxes67/77 | €43,433 | €48,855 | €19,871 | €62,416 | €7,288 | ▼ 88.3% |
| Profit (loss) for the period9904 | €124,753 | €144,744 | €57,577 | €172,995 | €19,469 | ▼ 88.7% |
| Profit (loss) for the period to be appropriated9905 | €124,753 | €144,744 | €57,577 | €172,995 | €19,469 | ▼ 88.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.1m | €1.2m | €1.6m | €1.4m | ▼ 11.2% |
| Fixed assets21/28 | €20,778 | €25,303 | €18,098 | €20,988 | €20,988 | = |
| Financial fixed assets28 | €20,778 | €25,303 | €18,098 | €20,988 | €20,988 | = |
| Current assets29/58 | €1.2m | €1.1m | €1.2m | €1.6m | €1.4m | ▼ 11.4% |
| Stocks and contracts in progress3 | €67,766 | €49,042 | €35,705 | €17,275 | €17,073 | ▼ 1.2% |
| Stocks30/36 | €67,766 | €49,042 | €35,705 | €17,275 | €17,073 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €224,201 | €57,976 | €141,218 | €278,939 | €159,851 | ▼ 42.7% |
| Trade receivables40 | €208,479 | €37,843 | €108,054 | €262,338 | €120,297 | ▼ 54.1% |
| Other amounts receivable41 | €15,723 | €20,132 | €33,164 | €16,601 | €39,553 | ▲ 138% |
| Current investments50/53 | €499,979 | €499,981 | €500,632 | €902,347 | €1.0m | ▲ 12.1% |
| Cash at bank and in hand54/58 | €377,284 | €480,338 | €551,330 | €361,176 | €189,391 | ▼ 47.6% |
| Deferred charges and accrued income490/1 | €4,294 | €945 | €1,141 | €1,961 | €6,329 | ▲ 223% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €1.2m | €1.6m | €1.4m | ▼ 11.2% |
| Equity10/15 | €852,001 | €996,745 | €1.1m | €1.2m | €1.2m | ▲ 1.6% |
| Contributions10/11 | €109,000 | €109,000 | €109,000 | €109,000 | €109,000 | = |
| Capital10 | €109,000 | €109,000 | €109,000 | €109,000 | €109,000 | = |
| Issued capital100 | €109,000 | €109,000 | €109,000 | €109,000 | €109,000 | = |
| Reserves13 | €743,001 | €887,745 | €945,322 | €1.1m | €1.1m | ▲ 1.7% |
| Non-distributable reserves130/1 | €10,900 | €10,900 | €10,900 | €10,900 | €10,900 | = |
| Legal reserve130 | €10,900 | €10,900 | €10,900 | €10,900 | €10,900 | = |
| Distributable reserves133 | €732,101 | €876,845 | €934,422 | €1.1m | €1.1m | ▲ 1.8% |
| Amounts payable17/49 | €342,301 | €116,840 | €193,802 | €355,370 | €157,980 | ▼ 55.5% |
| Amounts payable within one year42/48 | €341,841 | €116,840 | €193,581 | €354,947 | €156,588 | ▼ 55.9% |
| Trade debts44 | €259,613 | €58,811 | €113,928 | €190,786 | €110,052 | ▼ 42.3% |
| Suppliers440/4 | €259,613 | €58,811 | €113,928 | €190,786 | €110,052 | ▼ 42.3% |
| Advances received on contracts in progress46 | €63,450 | €37,845 | €58,872 | €95,834 | €30,782 | ▼ 67.9% |
| Taxes, remuneration and social security45 | €18,778 | €20,184 | €20,781 | €68,327 | €15,754 | ▼ 76.9% |
| Taxes450/3 | €9,398 | €7,649 | €7,000 | €51,509 | €1,841 | ▼ 96.4% |
| Remuneration and social security454/9 | €9,381 | €12,534 | €13,781 | €16,817 | €13,914 | ▼ 17.3% |
| Accrued charges and deferred income492/3 | €460 | - | €221 | €423 | €1,392 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124,753 | €144,744 | €57,577 | €172,995 | €19,469 | ▼ 88.7% |
| Operating cash flow (approximation) | €124,753 | €144,744 | €57,577 | €172,995 | €19,469 | ▼ 88.7% |
| Investment in fixed assets (approximation) | - | -€4,525 | €7,205 | -€2,890 | €0 | ▲ 100% |
| Change in cash | - | €103,054 | €70,992 | -€190,154 | -€171,786 | ▲ 9.7% |
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
05-06
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: L&S Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 20-05-2026
- Auditor reappointment, L&S Bedrijfsrevisoren BV (statutory auditor)
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €19,469 ▼88.7%
Net result drops to €19,469, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 8.84
Current ratio from 4.40 to 8.84; short-term debt falls from €354,947 to €156,588.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €172,995 ▲200%
Operating result €232,952, net result €172,995, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲5.8%
6 profitable years in a row build equity to €1.1m.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity triplescurrent ratio 9.31
Current ratio from 3.43 to 9.31; short-term debt falls from €341,841 to €116,840.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
23-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
L&S Bedrijfsrevisoren BV
CurrentStatutory auditor · since 05-06-2026 · perm. rep.: Saskia Luteijn
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2008
Ground area
1.2 ha
Building footprint
7,694 m²
Parcel 41029B0315/00B000, Flanders. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Culobel Assembly
since 20082.171.670.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41029B0315/00B000 | Flanders | 1.2 ha | 1 · 7,694 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| L&S Bedrijfsrevisoren BV |
|
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Culobel
- CULOBEL ASSEMBLY
Highest known parent: Culobel. The sources do not say who stands above it.
Owners 1
- CulobelparentSourceaccounts Culobel 202599.96%
Holdings 2
-
10%
-
10%
According to the 2025 annual accounts of CULOBEL ASSEMBLY and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
3 categoriesCULOBEL ASSEMBLY NV43086
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Of 675 companies in sector 23410 we hold annual accounts for 48. 12 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
23410Manufacture of ceramic household and ornamental articles
25401Forging of metal
25110Manufacture of metal structures and parts of structures
25999Manufacture of fabricated metal products, except machinery and equipment
Contact
Phone
053777888
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899017180
Also
9925:BE0899017180
Registered
27-03-2026
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.