CUMERCO
ActiveThe computed 12-month bankruptcy probability of CUMERCO is 1.7% (moderate). The 2024 annual accounts show equity of €18k and a net result of €9k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 15869 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▼-18
Solvency53▲+17
Growth32=
Track record94
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.0 in 2023; short-term debt: 71.6% and cash: 12.7% of total assets), and 72.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
27.9%
Return on assets
14%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
33 d early
2023
26 d late
2022
28 d late
2021
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€18k▲ 101%
2023 · €9k
2021: €25k
2022: €-5k
2023: €9k
2021 → 2024
Total assets
€64k▼ 21.0%
2023 · €81k
2021: €61k
2022: €58k
2023: €81k
2021 → 2024
Net result
€9k▼ 34.4%
2023 · €14k
2021: €15k
2022: €-29k
2023: €14k
2021 → 2024
Working capital
€17k▲ 5,331%
2023 · €321
2021: €16k
2022: €-13k
2023: €321
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€25k-€-5k€9k€18k▲ 101%
Operating result€21k-€-28k€16k€14k▼ 15.2%
Net result€15k-€-29k€14k€9k▼ 34.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€706▼ 91.7%
Current assets
€63k▼ 12.7%
Equity and liabilities €64k
Equity
€18k▲ 101%
Debt
€46k▼ 36.1%
The debt ratio falls from 89.1% to 72.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15k▼
2023 · €21k
Cash flow
€10k▼
2023 · €18k
Solvency
27.9%▲
2023 · 10.9%
Current ratio
1.38▲
2023 · 1.00
Quick ratio
0.57▲
2023 · 0.47
Debt / equity
2.58▼
2023 · 8.13
ROE
50.3%▼
2023 · 154.3%
ROA
14.0%▼
2023 · 16.9%
Interest coverage
4.30▼
2023 · 8.50
Debt
€46k▼
2023 · €72k
Debt ≤ 1 year
€46k▼
2023 · €72k
Income taxes
€1k▲
2023 · €227
Staff costs
€3k▼
2023 · €15k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€81k€64k▼
Fixed assets21/28€9k€706▼
Tangible fixed assets22/27€9k€706▼
Plant, machinery and equipment23€647€444▼
Furniture and vehicles24€8k€261▼
Current assets29/58€72k€63k▼
Stocks and contracts in progress3€39k€37k▼
Stocks30/36€39k€37k▼
Amounts receivable within one year40/41€32k€18k▼
Trade receivables40€28k€16k▼
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€1k€8k▲
Deferred charges and accrued income490/1€630-
Equity and liabilities
Total equity and liabilities10/49€81k€64k▼
Equity10/15€9k€18k▲
Contributions10/11€10k€10k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-16k€-7k▲
Amounts payable17/49€72k€46k▼
Amounts payable within one year42/48€72k€46k▼
Current portion of amounts payable after more than one year42€3k-
Financial debts43€24k€24k▼
Credit institutions430/8€24k€24k▼
Trade debts44€38k€20k▼
Suppliers440/4€38k€20k▼
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€15€1k▲
Accrued charges and deferred income492/3-€314
Income statement
Code20232024
Remuneration, social security and pensions62€15k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€1k▼
Other operating charges640/8€2k€928▼
Non-recurring operating charges66A-€575
Gross operating margin9900€38k€19k▼
Operating profit (loss)9901€16k€14k▼
Financial income75/76B€32€3▼
Recurring financial income75€32€3▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€14k€10k▼
Income taxes67/77€227€1k▲
Profit (loss) for the period9904€14k€9k▼
Profit (loss) for the period to be appropriated9905€14k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€-7k▲
Profit (loss) brought forward from the previous period14P€-29k€-16k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-29k ▼302%
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Wellen · 1 establishment unit since 2020
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.
Solveld 83830 WellenGround area
825 m²
Building footprint
138 m²
Volume, LiDAR
906 m³
Parcel 73098B0469/00H000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
verpleegschorten
since 20202.308.885.456
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73098B0469/00H000 | Flanders | 825 m² | 1 · 138 m² | 8.6 m · 2 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.
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Of 1,896 companies in sector 46460 we hold annual accounts for 1,116. 301 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-10-2020
Fiscal year end31-12
Activities, NACEBEL
46460Wholesale of pharmaceutical and medical goods
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.