CUPPENS VERWARMING
ActiveCUPPENS VERWARMING has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €172k and a net result of €-14k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 7719 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▲+8
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 19.2 against 19.77 in 2024; short-term debt: 4.6% and cash: 23.7% of total assets), and 4.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-14k
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
77 d early
2023
16 d early
2022
24 d early
2021
31 d early
2020
1 d early
2019
5 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€172k▼ 7.7%
2024 · €187k
2018: €326k
2019: €210k
2020: €213k
2021: €207k
2022: €214k
2023: €215k
2024: €187k
2018 → 2025
Total assets
€180k▼ 7.5%
2024 · €195k
2018: €375k
2019: €342k
2020: €335k
2021: €302k
2022: €289k
2023: €229k
2024: €195k
2018 → 2025
Net result
€-14k▲ 48.4%
2024 · €-28k
2018: €15k
2019: €-432
2020: €3k
2021: €12k
2022: €7k
2023: €636
2024: €-28k
2018 → 2025
Working capital
€151k▼ 4.3%
2024 · €158k
2018: €281k
2019: €173k
2020: €194k
2021: €190k
2022: €201k
2023: €177k
2024: €158k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€214k▲ 3.5%€215k▲ 0.3%€187k▼ 13.1%€172k▼ 7.7%
Operating result€31k-€25k▼ 20.9%€4k▼ 85.3%€-20k€-11k▲ 43.9%
Net result€12k-€7k▼ 40.6%€636▼ 91.1%€-28k€-14k▲ 48.4%
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 stays negative: a loss of €11k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€21k▼ 26.6%
Current assets
€159k▼ 4.2%
Equity and liabilities €180k
Equity
€172k▼ 7.7%
Debt
€8k▼ 1.4%
The debt ratio rises from 4.3% to 4.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-11k
Cash flow
€-5k▲
2024 · €-18k
Solvency
95.4%▼
2024 · 95.7%
Current ratio
19.20▼
2024 · 19.77
Quick ratio
18.84▼
2024 · 19.34
Debt / equity
0.05▲
2024 · 0.05
ROE
-8.4%▲
2024 · -15.0%
ROA
-8.0%▲
2024 · -14.4%
Interest coverage
-0.67▲
2024 · -2.84
Debt
€8k▼
2024 · €8k
Debt ≤ 1 year
€8k▼
2024 · €8k
Income taxes
€1k▲
2024 · €261
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€195k€180k▼
Fixed assets21/28€29k€21k▼
Tangible fixed assets22/27€29k€21k▼
Land and buildings22€3k€2k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€24k€17k▼
Current assets29/58€166k€159k▼
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€27k€59k▲
Trade receivables40€26k€53k▲
Other amounts receivable41€835€6k▲
Current investments50/53€48k€55k▲
Cash at bank and in hand54/58€84k€43k▼
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€195k€180k▼
Equity10/15€187k€172k▼
Contributions10/11€72k€72k=
Capital10€72k€72k=
Issued capital100€72k€72k=
Reserves13€143k€143k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Distributable reserves133€135k€135k=
Profit (loss) carried forward14€-28k€-42k▼
Amounts payable17/49€8k€8k▼
Amounts payable within one year42/48€8k€8k▼
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€621€4k▲
Taxes450/3€621€599▼
Remuneration and social security454/9-€3k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€216€906▲
Gross operating margin9900€-11k€-1k▲
Operating profit (loss)9901€-20k€-11k▲
Financial income75/76B€848€1k▲
Recurring financial income75€848€1k▲
Financial charges65/66B€8k€3k▼
Recurring financial charges65€4k€3k▼
Non-recurring financial charges66B€4k-
Profit (loss) for the period before taxes9903€-28k€-13k▲
Income taxes67/77€261€1k▲
Profit (loss) for the period9904€-28k€-14k▲
Profit (loss) for the period to be appropriated9905€-28k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-42k▼
Profit (loss) brought forward from the previous period14P-€-28k
The notes to these accounts (4 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
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-28k ▼4504%
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity quadruplescurrent ratio 13.09
Current ratio from 3.68 to 13.09; short-term debt falls from €75k to €15k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
05-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 5 days late
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Oudsbergen · 1 establishment unit since 1992
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.
Droogstraat 223660 OudsbergenGround area
1,685 m²
Building footprint
315 m²
Volume, LiDAR
1,482 m³
2 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Droogstraat 26, 3660 Oudsbergen
since 19922.058.672.174
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0269/00M003 | Flanders | 976 m² | 1 · 166 m² | 8.0 m · 2 fl. |
| 71562B0268/00E002 | Flanders | 709 m² | 1 · 149 m² | 5.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 499 EUR awarded · 499 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 348 EUR | 348 EUR |
| 2023 | 1 | 151 EUR | 151 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,659. 4,881 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded15-06-1992
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
45332
47521Retail sale of hardware, building materials, paint and glass (general range)
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
5 entriesWebsite:www.cuppensverwarming.be
E-mail:contact@cuppensverwarming.be
E-mail:cvcuppens@telenet.be
Phone:089/854024
Fax:089/858379