CUMACO
ActiveSummary
CUMACO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.26M and a net result of €350k. Equity is growing by ~27.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-4
Solvency96▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 3.42 against 4.1 in 2024; short-term debt: 18.8% and cash: 20.2% of total assets), and 28.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
71.5%
Return on assets
11.1%
Age of the figures
15 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
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-12-2025, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
33 d early
2023
35 d early
2022
7 d early
2021
4 d early
2020
72 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.26M▲ 12.2%
2024 · €2.01M
2019: €249klowest in 7 years
2020: €589k▲ +136% vs 2019
2021: €918k▲ +55.9% vs 2020
2022: €1.22M▲ +33.3% vs 2021
2023: €1.62M▲ +32.6% vs 2022
2024: €2.01M▲ +24.0% vs 2023
2025: €2.26M▲ +12.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€3.16M▲ 10.2%
2024 · €2.87M
2019: €1.03Mlowest in 7 years
2020: €1.34M▲ +30.3% vs 2019
2021: €1.80M▲ +34.2% vs 2020
2022: €2.00M▲ +11.7% vs 2021
2023: €2.63M▲ +31.1% vs 2022
2024: €2.87M▲ +9.1% vs 2023
2025: €3.16M▲ +10.2% vs 2024highest in 7 years
2019 → 2025
Net result
€350k▼ 14.7%
2024 · €410k
2019: €141klowest in 7 years
2020: €340k▲ +142% vs 2019
2021: €336k▼ -1.2% vs 2020
2022: €330k▼ -1.8% vs 2021
2023: €419k▲ +27.0% vs 2022highest in 7 years
2024: €410k▼ -1.9% vs 2023
2025: €350k▼ -14.7% vs 2024
2019 → 2025
Working capital
€1.44M▲ 17.0%
2024 · €1.23M
2019: €198klowest in 7 years
2020: €446k▲ +125% vs 2019
2021: €443k▼ -0.7% vs 2020
2022: €691k▲ +56.2% vs 2021
2023: €921k▲ +33.3% vs 2022
2024: €1.23M▲ +33.5% vs 2023
2025: €1.44M▲ +17.0% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€918k-€1.22M▲ 33.3%€1.62M▲ 32.6%€2.01M▲ 24.0%€2.26M▲ 12.2%
2021: €918klowest in 5 years
2022: €1.22M▲ +33.3% vs 2021
2023: €1.62M▲ +32.6% vs 2022
2024: €2.01M▲ +24.0% vs 2023
2025: €2.26M▲ +12.2% vs 2024highest in 5 years
Operating result€471k-€459k▼ 2.4%€535k▲ 16.4%€601k▲ 12.3%€498k▼ 17.1%
2021: €471k
2022: €459k▼ -2.4% vs 2021lowest in 5 years
2023: €535k▲ +16.4% vs 2022
2024: €601k▲ +12.3% vs 2023highest in 5 years
2025: €498k▼ -17.1% vs 2024
Net result€336k-€330k▼ 1.8%€419k▲ 27.0%€410k▼ 1.9%€350k▼ 14.7%
2021: €336k
2022: €330k▼ -1.8% vs 2021lowest in 5 years
2023: €419k▲ +27.0% vs 2022highest in 5 years
2024: €410k▼ -1.9% vs 2023
2025: €350k▼ -14.7% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 17% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.16M
Fixed assets
€1.12M ▼ 9.2%
Current assets
€2.03M ▲ 25.0%
Equity and liabilities €3.16M
Equity
€2.26M ▲ 12.2%
Debt
€901k ▲ 5.4%
Debt's share of the balance-sheet total falls from 29.8% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€552k▼
2024 · €705k
Cash flow
€404k▼
2024 · €514k
Current ratio
3.42▼
2024 · 4.10
Debt to equity
0.40▼
2024 · 0.42
ROE
15.5%▼
2024 · 20.4%
ROA
11.1%▼
2024 · 14.3%
Interest coverage
27.45▼
2024 · 48.01
Debt ≤ 1 year
€594k▲
2024 · €397k
Debt > 1 year
€304k▼
2024 · €457k
Income taxes
€162k▼
2024 · €196k
Staff costs
€91k▲
2024 · €40k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.87M€3.16M▲
Fixed assets21/28€1.24M€1.12M▼
Tangible fixed assets22/27€1.24M€1.12M▼
Land and buildings22€1.12M€1.06M▼
Plant, machinery and equipment23€264€1k▲
Furniture and vehicles24€113k€62k▼
Other tangible fixed assets26€5k€5k=
Current assets29/58€1.63M€2.03M▲
Amounts receivable within one year40/41€38k€213k▲
Trade receivables40€38k€213k▲
Current investments50/53€624k€1.17M▲
Cash at bank and in hand54/58€955k€638k▼
Deferred charges and accrued income490/1€11k€11k▼
Equity and liabilities
Total equity and liabilities10/49€2.87M€3.16M▲
Equity10/15€2.01M€2.26M▲
Contributions10/11€6k€6k=
Reserves13€2.01M€2.25M▲
Tax-exempt reserves132€568k€632k▲
Distributable reserves133€1.44M€1.62M▲
Amounts payable17/49€855k€901k▲
Amounts payable after more than one year17€457k€304k▼
Financial debts170/4€457k€304k▼
Amounts payable within one year42/48€397k€594k▲
Current portion of amounts payable after more than one year42€101k€138k▲
Trade debts44€13k€178k▲
Suppliers440/4€13k€178k▲
Taxes, remuneration and social security45€249k€249k=
Taxes450/3€242k€233k▼
Remuneration and social security454/9€7k€16k▲
Other amounts payable47/48€34k€28k▼
Accrued charges and deferred income492/3€775€2k▲
Income statement
Code20242025
Non-recurring operating income76A€11k-
Remuneration, social security and pensions62€40k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€54k▼
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A€79k€196k▲
Gross operating margin9900€826k€842k▲
Operating profit (loss)9901€601k€498k▼
Financial income75/76B€21k€34k▲
Recurring financial income75€21k€34k▲
Financial charges65/66B€15k€20k▲
Recurring financial charges65€15k€20k▲
Profit (loss) for the period before taxes9903€607k€512k▼
Income taxes67/77€196k€162k▼
Profit (loss) for the period9904€410k€350k▼
Transfer from tax-exempt reserves789€178k-
Transfer to tax-exempt reserves689€126k€63k▼
Profit (loss) for the period to be appropriated9905€462k€287k▼
Appropriation of the result
Profit (loss) to be appropriated9906€462k€287k▼
Transfer from equity791/2€21k€104k▲
Transfer to equity691/2€462k€287k▼
To other reserves6921€462k€287k▼
Profit to be distributed694/7€21k€104k▲
Return on contributions (dividend)694€21k€104k▲
Social balance
Average headcount (FTE)90870.60.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17 | €11k | - | - |
| Remuneration, social security and pensions62 | - | €16k | €19k | €40k | €91k | ▲ 125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41k | €51k | €106k | €104k | €54k | ▼ 47.6% |
| Other operating charges640/8 | - | €1k | €2k | €3k | €3k | ▲ 36.2% |
| Non-recurring operating charges66A | - | - | - | €79k | €196k | ▲ 148% |
| Gross operating margin9900 | €530k | €528k | €662k | €826k | €842k | ▲ 1.9% |
| Operating profit (loss)9901 | €471k | €459k | €535k | €601k | €498k | ▼ 17.1% |
| Financial income75/76B | - | €6k | €82k | €21k | €34k | ▲ 63.0% |
| Recurring financial income75 | €3k | €6k | €82k | €21k | €34k | ▲ 63.0% |
| Financial charges65/66B | - | €8k | €15k | €15k | €20k | ▲ 37.2% |
| Recurring financial charges65 | €9k | €8k | €15k | €15k | €20k | ▲ 37.2% |
| Profit (loss) for the period before taxes9903 | €465k | €458k | €602k | €607k | €512k | ▼ 15.6% |
| Income taxes67/77 | €129k | €128k | €183k | €196k | €162k | ▼ 17.5% |
| Profit (loss) for the period9904 | €336k | €330k | €419k | €410k | €350k | ▼ 14.7% |
| Transfer from tax-exempt reserves789 | - | - | €32k | €178k | - | - |
| Transfer to tax-exempt reserves689 | - | €168k | €105k | €126k | €63k | ▼ 50.0% |
| Profit (loss) for the period to be appropriated9905 | €167k | €161k | €345k | €462k | €287k | ▼ 37.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.80M | €2.00M | €2.63M | €2.87M | €3.16M | ▲ 10.2% |
| Fixed assets21/28 | €1.13M | €1.12M | €1.39M | €1.24M | €1.12M | ▼ 9.2% |
| Tangible fixed assets22/27 | €1.13M | €1.12M | €1.39M | €1.24M | €1.12M | ▼ 9.2% |
| Land and buildings22 | - | €1.11M | €1.34M | €1.12M | €1.06M | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €1k | €691 | €264 | €1k | ▲ 297% |
| Furniture and vehicles24 | - | €9k | €47k | €113k | €62k | ▼ 45.0% |
| Other tangible fixed assets26 | - | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €666k | €884k | €1.24M | €1.63M | €2.03M | ▲ 25.0% |
| Amounts receivable within one year40/41 | €36k | €12k | €5k | €38k | €213k | ▲ 464% |
| Trade receivables40 | - | €5k | €598 | €38k | €213k | ▲ 464% |
| Other amounts receivable41 | - | €8k | €5k | - | - | - |
| Current investments50/53 | €91k | €277k | €754k | €624k | €1.17M | ▲ 87.8% |
| Cash at bank and in hand54/58 | €533k | €574k | €458k | €955k | €638k | ▼ 33.2% |
| Deferred charges and accrued income490/1 | - | €20k | €18k | €11k | €11k | ▼ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.80M | €2.00M | €2.63M | €2.87M | €3.16M | ▲ 10.2% |
| Equity10/15 | €918k | €1.22M | €1.62M | €2.01M | €2.26M | ▲ 12.2% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €912k | €1.22M | €1.62M | €2.01M | €2.25M | ▲ 12.2% |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | €547k | €620k | €568k | €632k | ▲ 11.1% |
| Distributable reserves133 | - | €669k | €996k | €1.44M | €1.62M | ▲ 12.7% |
| Amounts payable17/49 | €877k | €781k | €1.01M | €855k | €901k | ▲ 5.4% |
| Amounts payable after more than one year17 | €654k | €588k | €692k | €457k | €304k | ▼ 33.4% |
| Financial debts170/4 | - | €588k | €692k | €457k | €304k | ▼ 33.4% |
| Amounts payable within one year42/48 | €223k | €192k | €314k | €397k | €594k | ▲ 49.7% |
| Current portion of amounts payable after more than one year42 | - | €66k | €115k | €101k | €138k | ▲ 37.2% |
| Trade debts44 | €38k | €22k | €13k | €13k | €178k | ▲ 1,322% |
| Suppliers440/4 | - | €22k | €13k | €13k | €178k | ▲ 1,322% |
| Taxes, remuneration and social security45 | - | €105k | €186k | €249k | €249k | = |
| Taxes450/3 | - | €102k | €181k | €242k | €233k | ▼ 3.6% |
| Remuneration and social security454/9 | - | €3k | €4k | €7k | €16k | ▲ 122% |
| Other amounts payable47/48 | - | - | - | €34k | €28k | ▼ 17.2% |
| Accrued charges and deferred income492/3 | - | €806 | €776 | €775 | €2k | ▲ 221% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €336k | €330k | €419k | €410k | €350k | ▼ 14.7% |
| + Depreciation and write-downs630 | €41k | €51k | €106k | €104k | €54k | ▼ 47.6% |
| Operating cash flow (approximation) | €377k | €381k | €525k | €514k | €404k | ▼ 21.4% |
| Investment in fixed assets (approximation) | - | €-43k | €-379k | €50k | €60k | ▲ 19.4% |
| Change in cash | - | €41k | €-116k | €497k | €-317k | ▼ 164% |
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
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €2MEq €2.01M ▲24%
6 profitable years in a row build equity to €2.01M.
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-06
Financial
Highest result since 2019net €419k ▲27%
Net result €419k, the highest in the series.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €1MEq €1.22M ▲33.3%
4 profitable years in a row build equity to €1.22M.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €500kEq €589k ▲136%
2 profitable years in a row build equity to €589k.
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2013
12-08
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Roeselare · 1 establishment unit since 2013
Ground area
1,626 m²
Building footprint
191 m²
Volume, LiDAR
1,059 m³
Parcel 36015A0595/00K003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Cumaco
since 20132.219.540.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0595/00K003 | Flanders | 1,625 m² | 1 · 191 m² | 8.0 m · 2 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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
7 locations
Recognitions · licences · registrations
Legal Entity Identifier
894500VKBCUNBQ5ZT836
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Of 5,699 companies in sector 70100 we hold annual accounts for 3,495. 1,532 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2013
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
Scores and ratios are computed by Checked and are not a credit decision.