CUMMINS
ActiveSummary
CUMMINS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €186.7m and a net result of €13.8m. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 35% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2022
Profitability37▼-37
Solvency57▼-29
Growth38▼-39
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 2.75 in 2022; short-term debt: 62.4% and cash: 35% of total assets), but 67.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
32.3%
Return on assets
2.4%
Age of the figures
9 mo
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
Wholesale trade (NACE 46)
about 21% more 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 05-06-2026, 56 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
56 d early
2024
45 d early
2023
50 d early
2022
31 d early
2021
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 42 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 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 Is the workforce growing, and do people stay?Employer check 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 What other support did companies like this one receive, and it did not?Public money
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#1 company by total assets in Rumst#1 company by equity in Rumst#1 employer in Rumst, Wholesale and retail trade sector
Turnover
€820.0m▼ 0.5%
2022 · €824.3m
EBIT margin
5.8%▼ 3.5pp
2022 · 9.3%
Net result
€13.8m▼ 80.6%
2022 · €71.4m
Working capital
€188.3m▼ 56.8%
2022 · €435.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line2020202120222025
Turnover€646.7m-€788.7m▲ 22.0%€824.3m▲ 4.5%€820.0m-
Operating result€58.9m-€62.0m▲ 5.3%€77.0m▲ 24.3%€47.6m-
Net result€30.5mabove the sector's middle half-€64.0mabove the sector's middle half▲ 110%€71.4mabove the sector's middle half▲ 11.5%€13.8mabove the sector's middle half-
EBIT margin9.1%-7.9%▼ 1.2pp9.3%▲ 1.5pp5.8%-
Equity€317.2mabove the sector's middle half-€381.2mabove the sector's middle half▲ 20.2%€421.3mabove the sector's middle half▲ 10.5%€186.7mabove the sector's middle half-
Total assets€434.6mabove the sector's middle half-€615.8mabove the sector's middle half▲ 41.7%€692.6mabove the sector's middle half▲ 12.5%€577.8mabove the sector's middle half-
Debt€117.5m-€234.7m▲ 99.7%€271.3m▲ 15.6%€391.1m-
Working capital€322.2mabove the sector's middle half-€398.7mabove the sector's middle half▲ 23.7%€435.7mabove the sector's middle half▲ 9.3%€188.3mabove the sector's middle half-
Solvency73.0%above the sector's middle half-61.9%above the sector's middle half▼ 11.1pp60.8%within the sector's middle half▼ 1.1pp32.3%within the sector's middle half-
Current ratio4.08above the sector's middle half-2.90above the sector's middle half▼ 1.182.75above the sector's middle half▼ 0.151.52within the sector's middle half-
Return on assets (ROA)7.0%within the sector's middle half-10.4%within the sector's middle half▲ 3.4pp10.3%within the sector's middle half▼ 0.1pp2.4%within the sector's middle half-
Staff (FTE)321.3above the sector's middle half-336.3above the sector's middle half▲ 4.7%316.1above the sector's middle half▼ 6.0%320.5above the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €47.6m in 2025, compared with €77.0m in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2022 as the grey bar beneath
Assets €577.8m
Fixed assets
€29.1m ▲ 292%
Current assets
€548.8m ▼ 19.9%
Equity and liabilities €577.8m
Equity
€186.7m ▼ 55.7%
Debt
€391.1m ▲ 44.2%
Debt's share of the balance-sheet total rises from 39.2% to 67.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€49.3m▼
2022 · €78.4m
Cash flow
€15.6m▼
2022 · €72.8m
Quick ratio
1.24▼
2022 · 2.25
Debt to equity
2.09▲
2022 · 0.64
ROE
7.4%▼
2022 · 16.9%
Interest coverage
1.37▼
2022 · 454.50
Debt ≤ 1 year
€360.4m▲
2022 · €249.4m
Income taxes
€6.8m▼
2022 · €25.7m
Staff costs
€30.7m▲
2022 · €23.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 491 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
3.3%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 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% | 1.9% |
| 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 491 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 | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €656.9m | €799.1m | €841.1m | €829.6m | - |
| Turnover70 | €646.7m | €788.7m | €824.3m | €820.0m | - |
| Other operating income74 | €10.2m | €10.3m | €16.8m | €9.6m | - |
| Operating charges60/66A | €598.1m | €737.1m | €764.1m | €782.0m | - |
| Goods for resale, raw materials and consumables60 | €519.4m | €646.1m | €680.3m | €699.9m | - |
| Purchases600/8 | €502.3m | €688.3m | €684.7m | €684.6m | - |
| Change in stocks: decrease (increase)609 | €17.1m | -€42.2m | -€4.3m | €15.2m | - |
| Services and other goods61 | €43.2m | €53.0m | €54.9m | €46.8m | - |
| Remuneration, social security and pensions62 | €24.3m | €28.9m | €23.0m | €30.7m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.8m | €1.3m | €1.4m | €1.8m | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €5.0m | €1.6m | €4.3m | €2.3m | - |
| Other operating charges640/8 | €3.4m | €6.1m | €184,404 | €561,741 | - |
| Operating profit (loss)9901 | €58.9m | €62.0m | €77.0m | €47.6m | - |
| Financial income75/76B | €954,320 | €24.3m | €20.4m | €9.1m | - |
| Recurring financial income75 | €954,320 | €24.3m | €20.4m | €9.1m | - |
| Income from current assets751 | €954,320 | €287,547 | €4.9m | €9.1m | - |
| Other financial income752/9 | - | €24.0m | €15.5m | - | - |
| Financial charges65/66B | €18.7m | €55,220 | €311,372 | €36.0m | - |
| Recurring financial charges65 | €18.7m | €55,220 | €311,372 | €36.0m | - |
| Debt charges650 | €19,644 | €55,220 | €172,533 | - | - |
| Other financial charges652/9 | €18.7m | - | €138,839 | €36.0m | - |
| Profit (loss) for the period before taxes9903 | €41.1m | €86.2m | €97.1m | €20.6m | - |
| Income taxes67/77 | €10.7m | €22.2m | €25.7m | €6.8m | - |
| Taxes670/3 | €10.7m | €22.2m | €25.7m | €6.8m | - |
| Profit (loss) for the period9904 | €30.5m | €64.0m | €71.4m | €13.8m | - |
| Profit (loss) for the period to be appropriated9905 | €30.5m | €64.0m | €71.4m | €13.8m | - |
| Line | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €434.6m | €615.8m | €692.6m | €577.8m | - |
| Fixed assets21/28 | €8.0m | €7.3m | €7.4m | €29.1m | - |
| Tangible fixed assets22/27 | €7.2m | €6.6m | €6.7m | €4.5m | - |
| Land and buildings22 | €124,126 | €283,813 | €314,866 | €238,804 | - |
| Plant, machinery and equipment23 | €3.8m | €3.5m | €3.2m | €2.6m | - |
| Furniture and vehicles24 | €594,027 | €478,971 | €1.0m | €353,165 | - |
| Other tangible fixed assets26 | €2.3m | €2.0m | €1.6m | €345,684 | - |
| Assets under construction and advance payments27 | €408,389 | €264,312 | €519,080 | €952,599 | - |
| Financial fixed assets28 | €737,136 | €737,136 | €739,136 | €24.6m | - |
| Affiliated companies280/1 | €737,136 | €737,136 | €739,136 | €24.6m | - |
| Participating interests280 | €737,136 | €737,136 | €739,136 | €24.6m | - |
| Current assets29/58 | €426.7m | €608.5m | €685.2m | €548.8m | - |
| Stocks and contracts in progress3 | €109.9m | €150.5m | €123.1m | €103.4m | - |
| Stocks30/36 | €109.9m | €150.5m | €123.1m | €103.4m | - |
| Goods purchased for resale34 | €109.9m | €150.5m | €123.1m | €103.4m | - |
| Amounts receivable within one year40/41 | €127.3m | €171.9m | €180.6m | €236.5m | - |
| Trade receivables40 | €124.4m | €170.6m | €177.7m | €221.4m | - |
| Other amounts receivable41 | €3.0m | €1.3m | €2.9m | €15.1m | - |
| Cash at bank and in hand54/58 | €189.4m | €275.8m | €377.8m | €202.1m | - |
| Deferred charges and accrued income490/1 | - | €10.4m | €3.7m | €6.7m | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €434.6m | €615.8m | €692.6m | €577.8m | - |
| Equity10/15 | €317.2m | €381.2m | €421.3m | €186.7m | - |
| Contributions10/11 | €19.9m | €19.9m | €18.3m | €18.3m | - |
| Capital10 | €19.9m | €19.9m | €18.3m | €18.3m | - |
| Issued capital100 | €19.9m | €19.9m | €18.3m | €18.3m | - |
| Reserves13 | €2.0m | €2.0m | €1.8m | €1.8m | - |
| Non-distributable reserves130/1 | €2.0m | €2.0m | €1.8m | €1.8m | - |
| Legal reserve130 | €2.0m | €2.0m | €1.8m | €1.8m | - |
| Profit (loss) carried forward14 | €295.2m | €359.3m | €401.2m | €166.6m | - |
| Amounts payable17/49 | €117.5m | €234.7m | €271.3m | €391.1m | - |
| Amounts payable within one year42/48 | €104.5m | €209.8m | €249.4m | €360.4m | - |
| Trade debts44 | €96.2m | €188.6m | €217.0m | €199.7m | - |
| Suppliers440/4 | €96.2m | €188.6m | €217.0m | €199.7m | - |
| Advances received on contracts in progress46 | - | €59,030 | €230,415 | €8,734 | - |
| Taxes, remuneration and social security45 | €8.2m | €21.2m | €31.7m | €10.7m | - |
| Taxes450/3 | €3.2m | €14.8m | €27.3m | €5.2m | - |
| Remuneration and social security454/9 | €5.1m | €6.3m | €4.3m | €5.5m | - |
| Other amounts payable47/48 | - | - | €550,772 | €150.0m | - |
| Accrued charges and deferred income492/3 | €13.0m | €24.9m | €21.9m | €30.7m | - |
| Line | 2020 | 2021 | 2022 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30.5m | €64.0m | €71.4m | €13.8m | - |
| + Depreciation and write-downs630 | €2.8m | €1.3m | €1.4m | €1.8m | - |
| Operating cash flow (approximation) | €33.2m | €65.3m | €72.8m | €15.6m | - |
| Investment in fixed assets (approximation) | - | -€647,246 | -€1.5m | - | - |
| Change in cash | - | €86.4m | €102.1m | - | - |
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
31-08
State Gazette act
Reappointments: Hilda Scheers, Marthinus Christoffel Boshoff and 2 othersPermanent representative: Ann Cleenewerck16 facts ▸
State Gazette act
Reappointments: Hilda Scheers, Marthinus Christoffel Boshoff and 2 others
Permanent representative: Ann Cleenewerck16 facts ▸
- General meeting, 03-06-2025
- Director reappointment, Hilda Scheers (director)
- Director reappointment, Marthinus Christoffel Boshoff (director)
- Director reappointment, Johan François Koninkx (director)
- Board composition, Hilda Scheers (director)
- Board composition, Marthinus Christoffel Boshoff (director)
- Board composition, Johan François Koninkx (director)
- General meeting, 02-06-2026
- Director reappointment, Hilda Scheers (director)
- Director reappointment, Marthinus Christoffel Boshoff (director)
- Director reappointment, Johan François Koninkx (director)
- Board composition, Hilda Scheers (director)
- +4 further facts in this act
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated
2025
31-12
Financial
Weakest financial yearnet €13.8m ▼80.6%
Net result drops to €13.8m, the lowest in the series.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2020net €71.4m ▲11.5%
Operating result €77.0m, net result €71.4m, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 41 acts read
About the unread acts
Of the 41 Belgian State Gazette acts we know for this company, 1 has been read. The other 40 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2025
This board is reconstructed from a single act (26109595). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Hilda Scheers
CurrentDirector · since 03-06-2025
Johan François Koninkx
CurrentDirector · since 03-06-2025
Marthinus Christoffel Boshoff
CurrentDirector · since 03-06-2025
Statutory auditor 1
BV PwC Bedrijfsrevisoren
CurrentStatutory auditor · since 02-06-2026 · perm. rep.: Ann Cleenewerck
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 →
Not every act has been read: a resignation may be missing here
40 of this company's 41 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Rumst · 3 establishment units since 1986
Ground area
9.1 ha
Building footprint
4.8 ha
Volume, LiDAR
577,127 m³
3 parcels, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
Cummins
since 19862.028.661.265
Cummins
since 20072.194.207.207
Cummins
since 20102.218.212.133
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11037C0049/00B006 | Flanders | 6.8 ha | 1 · 3.8 ha | 13.6 m · 4 fl. |
| 11037C0049/00G003 | Flanders | 1.6 ha | 1 · 9,315 m² | 12.8 m · 4 fl. |
| 11037C0049/00N003 | Flanders | 6,520 m² | 1 · 863 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
4 people since 2025, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Hilda Scheers |
|
| Johan François Koninkx |
|
| Marthinus Christoffel Boshoff |
|
| BV PwC Bedrijfsrevisoren |
|
Articles of association
Who signs
“De jaarvergadering beslist de mandaten van Hilda Scheers, Marthinus Christoffel Boshoff en Johan François Koninkx, als bestuurder van de vennootschap te hernieuwen tot na afloop van de jaarvergadering van 2026. Overeenkomstig artikel 11 van de statuten wordt de vennootschap rechtsgeldig verbonden…”
Full text
De jaarvergadering beslist de mandaten van Hilda Scheers, Marthinus Christoffel Boshoff en Johan François Koninkx, als bestuurder van de vennootschap te hernieuwen tot na afloop van de jaarvergadering van 2026. Overeenkomstig artikel 11 van de statuten wordt de vennootschap rechtsgeldig verbonden hetzij door twee bestuurders gezamenlijk, hetzij door een speciaal gevolmachtigde. De raad van bestuur is bijgevolg met ingang vanaf 3 juni 2025 als volgt samengesteld: • mevrouw Hilda Scheers:
“de heer Marthinus Christoffel Boshoff: de heer Johan François Koninkx. Uittreksel uit de notulen van de jaarlijkse aandeelhoudervergadering gehouden op 2 juni 2026. 1. 2. De vergadering besluit Hilda Scheers, Marthinus Christoffel Boshoff en Johan François Koninkx met onmiddellijke ingang te…”
Full text
de heer Marthinus Christoffel Boshoff: de heer Johan François Koninkx. Uittreksel uit de notulen van de jaarlijkse aandeelhoudervergadering gehouden op 2 juni 2026. 1. 2. De vergadering besluit Hilda Scheers, Marthinus Christoffel Boshoff en Johan François Koninkx met onmiddellijke ingang te herbenoemen als bestuurders van de Vennootschap en tot de jaarlijkse aandeelhoudervergadering die in 2032 zal plaatsvinden. Hun mandaat als bestuurders zal niet worden vergoed. Overeenkomstig artikel 11 van de statuten wordt de Vennootschap geldig vertegenwoordigd door twee bestuurders gezamenlijk optredend, door een dagelijks bestuurder of persoon belast met dagelijks bestuur, of door een bijzondere gevolmachtigde.
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 67,266 EUR awarded · 67,266 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,165 EUR | 5,165 EUR |
| 2024 | 2 | 17,006 EUR | 17,006 EUR |
| 2023 | 2 | 27,834 EUR | 27,834 EUR |
| 2022 | 2 | 17,261 EUR | 17,261 EUR |
Recognitions · licences · registrations
Dual-learning approval
2 endedAdministratief medewerker (so)
Magazijnmedewerker (so)
Legal Entity Identifier
894500EGQFEP0BIUEU43
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Of 1,743 companies in sector 46720 we hold annual accounts for 1,083. 50 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
Founded26-12-1985
Fiscal year end31-12
Activities, NACEBEL 2025
46720Wholesale of motor vehicle parts and accessories
46643Wholesale of electrical equipment, including installation materials
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428096632
Also
9925:BE0428096632
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.