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CURNET

Active
Private limited companyfounded 197947 yrs activeKolonel Van Gelestraat 63, 1040 Etterbeek, BelgiumKBO/BCE: BE 0419.117.204
Summary

CURNET has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,393 and a net result of €6,474. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 44% of 487 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisWatch ReportCompare
CURNETActiveChecked score 84/100
Risk analysis ReportCompare

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220Sewerage NACE 37000NACE 45215
#3 oldest company in the Brussels-Capital Region, Civil engineering sector1 site
Size
€558,302total assets 2025
Staff
2 FTE
Equity
€191,393
Profit
€6,474
Financial health
84 Excellent Checked score 2025
Bankruptcy chance 12 m
0.3%
Structure
Accounts filed 59 d late0 of 5 deeds read
Why 84- Latest accounts 59 days late; 3 of the last 3 late- Sector Civil engineering (NACE 42)+ Founded in 1979+ Liquidity: current ratio 2.23, cash €65,288Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 42, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 59+4
equity 34.3% of total assets
Liquidity 57+11
short-term debt 21.7% · cash 11.7%
Profitability 39-29
return on assets 1.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,841 companies)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● 0.0% vs 11-2024 01-2025: 0.6%▲ +43.0% vs 12-2024 02-2025: 0.6%● 0.0% vs 01-2025 03-2025: 0.6%▼ -0.6% vs 02-2025 04-2025: 0.6%▲ +3.3% vs 03-2025 05-2025: 0.7%▲ +1.2% vs 04-2025 06-2025: 0.7%▼ -0.9% vs 05-2025 07-2025: 0.8%▲ +18.9% vs 06-2025 08-2025: 1.1%▲ +37.9% vs 07-2025 09-2025: 1.3%▲ +20.0% vs 08-2025 10-2025: 1.8%▲ +44.1% vs 09-2025 11-2025: 1.9%▲ +4.4% vs 10-2025 12-2025: 2.5%▲ +31.6% vs 11-2025highest value 01-2026: 0.9%▼ -66.2% vs 12-2025 02-2026: 0.9%● 0.0% vs 01-2026 03-2026: 0.8%▼ -1.6% vs 02-2026 04-2026: 0.9%▲ +2.7% vs 03-2026 05-2026: 0.9%▼ -0.2% vs 04-2026 06-2026: 0.9%▲ +6.3% vs 05-2026 07-2026: 0.9%● 0.0% vs 06-2026 08-2026: 1.5%▲ +67.2% vs 07-2026 09-2026: 1.8%▲ +16.2% vs 08-2026 10-2026: 0.3%▼ -81.0% vs 09-2026lowest value
  • Founded in 1979 lowers the probability for this profile
  • Latest accounts 59 days late; 3 of the last 3 late raises the probability
  • Liquidity: current ratio 2.23, cash €65,288 lowers the probability
  • Sector Civil engineering (NACE 42) raises the probability
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 2.23 against 2.24 in 2024; short-term debt: 21.7% and cash: 11.7% of total assets), but 65.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 42, micro). Better than this share of them on solvency 39%, liquidity 60%, profitability 22%, growth against the median 45%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1979
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Latest accounts 59 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Liquidity: current ratio 2.23, cash €65,288
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Civil engineering (NACE 42)
In the bankruptcy model this factor raises the probability.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
59 d late
2024
146 d late
2023
55 d late
2022
26 d late
2021
26 d late
2020
91 d late
2019
124 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 75 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 41% 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 25 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €6,474
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Oldest company in the Brussels-Capital Region, Civil engineering…in the Checked rankings #3 View
  • Active since 1979founded 10-01-1979 47 years View
  • Total assets 20256 fiscal years filed €558,302 View

By topic

Financials

Fiscal year
2025
Total assets
€558,302
Profit
€6,474
Solvency
34.3%
Total assets▼ 10.5%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 28-09-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 24-12-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
10-01-1979
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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