CUMALA
ActiveCUMALA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-9k) and a net result of €-19k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 20% of 1517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-92
Solvency14▼-16
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.64 in 2024; short-term debt: 110.8% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-10.8%
Return on assets
-21.6%
Age of the figures
18 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-10-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
3 d early
2023
on the day
2022
on the day
2021
8 d late
2020
9 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k
2024 · €12k
2019: €-25k
2020: €-33k
2021: €-38k
2022: €-42k
2023: €-32k
2024: €12k
2019 → 2025
Total assets
€88k▼ 65.6%
2024 · €256k
2019: €152k
2020: €135k
2021: €92k
2022: €106k
2023: €105k
2024: €256k
2019 → 2025
Net result
€-19k
2024 · €47k
2019: €24k
2020: €7k
2021: €11k
2022: €-2k
2023: €13k
2024: €47k
2019 → 2025
Working capital
€-94k▼ 10.3%
2024 · €-85k
2019: €-115k
2020: €-97k
2021: €-101k
2022: €-112k
2023: €-91k
2024: €-85k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-38k-€-42k▼ 11.9%€-32k▲ 23.2%€12k€-9k
Operating result€-9k-€-4k▲ 56.2%€10k€44k▲ 355%€-22k
Net result€11k-€-2k€13k€47k▲ 277%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €44k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €88k
Fixed assets
€84k▼ 21.9%
Current assets
€4k▼ 97.4%
Key figures and ratios
EBITDA
€-8k▼
2024 · €54k
Cash flow
€-5k▼
2024 · €57k
Solvency
-10.8%▼
2024 · 4.8%
Current ratio
0.04▼
2024 · 0.64
Quick ratio
0.03▼
2024 · 0.63
Debt / equity
-10.27▼
2024 · 19.89
ROA
-21.6%▼
2024 · 18.5%
Interest coverage
-18.84▼
2024 · 112.05
Debt
€98k▼
2024 · €243k
Debt ≤ 1 year
€98k▼
2024 · €233k
Debt > 1 year
€0▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€256k€88k▼
Fixed assets21/28€108k€84k▼
Tangible fixed assets22/27€108k€84k▼
Plant, machinery and equipment23€108k€84k▼
Furniture and vehicles24€0€0=
Current assets29/58€148k€4k▼
Stocks and contracts in progress3€839€1k▲
Stocks30/36€839€1k▲
Amounts receivable within one year40/41€73k€2k▼
Trade receivables40€73k€0▼
Other amounts receivable41€0€2k▲
Cash at bank and in hand54/58€74k€237▼
Equity and liabilities
Total equity and liabilities10/49€256k€88k▼
Equity10/15€12k€-9k▼
Contributions10/11€9k€9k=
Reserves13€3k€0▼
Tax-exempt reserves132€3k€0▼
Profit (loss) carried forward14€179€-19k▼
Provisions and deferred taxes16€698€0▼
Deferred taxes168€698€0▼
Amounts payable17/49€243k€98k▼
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€233k€98k▼
Current portion of amounts payable after more than one year42€10k€10k=
Trade debts44€124k€5k▼
Suppliers440/4€123k€4k▼
Bills of exchange payable441€783€783=
Advances received on contracts in progress46€50k€50k=
Taxes, remuneration and social security45€2k€0▼
Taxes450/3€2k€0▼
Other amounts payable47/48€47k€33k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€384€417▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€55k€-2k▼
Operating profit (loss)9901€44k€-22k▼
Financial charges65/66B€485€402▼
Recurring financial charges65€485€402▼
Profit (loss) for the period before taxes9903€44k€-22k▼
Transfer from deferred taxes780€3k€3k▼
Profit (loss) for the period9904€47k€-19k▼
Profit (loss) for the period to be appropriated9905€47k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€179€-19k▼
Profit (loss) brought forward from the previous period14P€-47k€179▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-19k ▼140%
Net result drops to €-19k, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Highest result since 2019net €47k ▲277%
Operating result €44k, net result €47k, both a record.
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Faimes · 1 establishment unit since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Borlez 474317 FaimesGround area
7,809 m²
Building footprint
164 m²
Volume, LiDAR
1,755 m³
Parcel 61037A0519/00D000, Wallonia · tallest building 13.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Borlez 47, 4317 Faimes
since 19952.072.557.131
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61037A0519/00D000 ProtectedSite or landscape |
Wallonia | 7,809 m² | 1 · 164 m² | 13.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 227 companies in sector 77310 we hold annual accounts for 124. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-06-1995
Fiscal year end31-03
Activities, NACEBEL
71310
77310Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.