Cuma Denolf
ActiveSummary
Cuma Denolf has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,079 and a net result of -€15. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 3163 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency31=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.23 in 2024; short-term debt: 57.7% and cash: 1.9% of total assets), and 94.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
5.9%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3163 sector peers (2025).
NBB · sector comparisonPosition among 3163 sector peers
Solvency
better than 22%
← weakest
strongest →
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 03-07-2026, 28 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
28 d early
2024
22 d late
2023
26 d late
2022
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 25 August (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€131,923
EBIT margin
22.6%
Net result
-€15
2024 · €2,835
Working capital
-€286,625▲ 8.6%
2024 · -€313,539
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Turnover€131,923-
Operating result€29,773-€18,322▼ 38.5%€7,317▼ 60.1%€4,171▼ 43.0%
Net result€20,951within the sector's middle half-€13,308within the sector's middle half▼ 36.5%€2,835within the sector's middle half▼ 78.7%-€15within the sector's middle half
EBIT margin22.6%-
Equity€25,951within the sector's middle half-€39,260within the sector's middle half▲ 51.3%€42,094within the sector's middle half▲ 7.2%€42,079within the sector's middle half=
Total assets€679,391within the sector's middle half-€820,851above the sector's middle half▲ 20.8%€737,578above the sector's middle half▼ 10.1%€710,048within the sector's middle half▼ 3.7%
Debt€653,439-€781,591▲ 19.6%€695,484▼ 11.0%€667,969▼ 4.0%
Working capital-€185,972below the sector's middle half--€337,586below the sector's middle half▼ 81.5%-€313,539below the sector's middle half▲ 7.1%-€286,625below the sector's middle half▲ 8.6%
Solvency3.8%below the sector's middle half-4.8%below the sector's middle half▲ 1.0pp5.7%below the sector's middle half▲ 0.9pp5.9%below the sector's middle half▲ 0.2pp
Current ratio0.40below the sector's middle half-0.27below the sector's middle half▼ 0.120.23below the sector's middle half▼ 0.040.30below the sector's middle half▲ 0.07
Return on assets (ROA)3.1%within the sector's middle half-1.6%within the sector's middle half▼ 1.5pp0.4%within the sector's middle half▼ 1.2pp0.0%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €710,048
Fixed assets
€587,304 ▼ 8.7%
Current assets
€122,744 ▲ 29.8%
Equity and liabilities €710,048
Equity
€42,079 =
Debt
€667,969 ▼ 4.0%
Debt's share of the balance-sheet total falls from 94.3% to 94.1%. Debt is lower.
Key figures and ratios
EBITDA
€59,900▼
2024 · €62,629
Cash flow
€55,714▼
2024 · €58,147
Quick ratio
0.30▲
2024 · 0.22
Debt to equity
15.87▼
2024 · 16.52
ROE
0.0%▼
2024 · 6.7%
Interest coverage
14.31▲
2024 · 13.73
Debt ≤ 1 year
€409,369▲
2024 · €408,084
Debt > 1 year
€258,600▼
2024 · €287,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 820 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.3%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 820 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €131,923 | - | - | - | - |
| Non-recurring operating income76A | €8,812 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €60,730 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,480 | €41,706 | €55,312 | €55,729 | ▲ 0.8% |
| Other operating charges640/8 | €752 | €960 | €586 | €589 | ▲ 0.5% |
| Gross operating margin9900 | €80,005 | €60,988 | €63,215 | €60,489 | ▼ 4.3% |
| Operating profit (loss)9901 | €29,773 | €18,322 | €7,317 | €4,171 | ▼ 43.0% |
| Financial income75/76B | €25 | €2 | - | - | - |
| Recurring financial income75 | €25 | €2 | - | - | - |
| Financial charges65/66B | €8,846 | €4,937 | €4,561 | €4,187 | ▼ 8.2% |
| Recurring financial charges65 | €8,846 | €4,937 | €4,561 | €4,187 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €20,951 | €13,387 | €2,756 | -€15 | ▼ 101% |
| Income taxes67/77 | - | €79 | -€79 | - | - |
| Profit (loss) for the period9904 | €20,951 | €13,308 | €2,835 | -€15 | ▼ 101% |
| Profit (loss) for the period to be appropriated9905 | €20,951 | €13,308 | €2,835 | -€15 | ▼ 101% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €679,391 | €820,851 | €737,578 | €710,048 | ▼ 3.7% |
| Fixed assets21/28 | €556,924 | €693,046 | €643,033 | €587,304 | ▼ 8.7% |
| Tangible fixed assets22/27 | €556,924 | €693,046 | €643,033 | €587,304 | ▼ 8.7% |
| Plant, machinery and equipment23 | €540,485 | €678,370 | €630,119 | €576,153 | ▼ 8.6% |
| Furniture and vehicles24 | €16,439 | €14,676 | €12,914 | €11,151 | ▼ 13.6% |
| Current assets29/58 | €122,467 | €127,805 | €94,545 | €122,744 | ▲ 29.8% |
| Stocks and contracts in progress3 | €6,612 | €3,149 | €4,513 | €1,831 | ▼ 59.4% |
| Stocks30/36 | €6,612 | €3,149 | €4,513 | €1,831 | ▼ 59.4% |
| Amounts receivable within one year40/41 | €113,758 | €123,044 | €86,605 | €107,130 | ▲ 23.7% |
| Trade receivables40 | €97,794 | €117,217 | €86,605 | €107,018 | ▲ 23.6% |
| Other amounts receivable41 | €15,964 | €5,827 | - | €112 | - |
| Cash at bank and in hand54/58 | €2,097 | €1,612 | €3,427 | €13,783 | ▲ 302% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €679,391 | €820,851 | €737,578 | €710,048 | ▼ 3.7% |
| Equity10/15 | €25,951 | €39,260 | €42,094 | €42,079 | = |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €20,951 | €34,260 | €37,094 | €37,079 | = |
| Amounts payable17/49 | €653,439 | €781,591 | €695,484 | €667,969 | ▼ 4.0% |
| Amounts payable after more than one year17 | €345,000 | €316,200 | €287,400 | €258,600 | ▼ 10.0% |
| Financial debts170/4 | €345,000 | €316,200 | €287,400 | €258,600 | ▼ 10.0% |
| Amounts payable within one year42/48 | €308,439 | €465,391 | €408,084 | €409,369 | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | €28,800 | €28,800 | €28,800 | €28,800 | = |
| Trade debts44 | €1,419 | €29,927 | €626 | €853 | ▲ 36.4% |
| Suppliers440/4 | €1,419 | €29,927 | €626 | €853 | ▲ 36.4% |
| Taxes, remuneration and social security45 | €7,355 | €4,643 | €9,600 | €6,669 | ▼ 30.5% |
| Taxes450/3 | €2,855 | €143 | €5,100 | €2,169 | ▼ 57.5% |
| Remuneration and social security454/9 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Other amounts payable47/48 | €270,865 | €402,022 | €369,058 | €373,047 | ▲ 1.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,951 | €13,308 | €2,835 | -€15 | ▼ 101% |
| + Depreciation and write-downs630 | €49,480 | €41,706 | €55,312 | €55,729 | ▲ 0.8% |
| Operating cash flow (approximation) | €70,432 | €55,014 | €58,147 | €55,714 | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | -€177,828 | -€5,299 | €0 | ▲ 100% |
| Change in cash | - | -€485 | €1,815 | €10,356 | ▲ 470% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€15
Net result drops to -€15, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Gembloux · 1 establishment unit since 2021
Ground area
2,292 m²
Building footprint
186 m²
Volume, LiDAR
1,527 m³
Parcel 92019B0299/00F000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cuma Denolf
since 20212.318.928.718
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92019B0299/00F000 | Wallonia | 2,292 m² | 1 · 186 m² | 11.2 m · 3 fl. |
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.
Similar companies · same sector, comparable size
Agricotrans
BE 0805.479.981
Léglise · Eq €42,013
GELEMA
BE 0767.757.275
Deinze · Eq €42,196
LANDBOUWWERKEN JVE
BE 1008.314.802
Lille · Eq €42,238
AGRIJONCQUOIS
BE 0637.864.575
Dour · Eq €41,874
DE VIET
BE 0685.681.320
Dinant · Eq €42,354
Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 894 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formCooperative company
Founded30-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
Contact
E-mail
delise0503@live.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770544442
Also
9925:BE0770544442
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.