CURSA
ActiveSummary
The computed 12-month bankruptcy probability of CURSA is 1.9% (moderate). The 2024 annual accounts show equity of €5,830 and a net result of -€2,029. Equity is shrinking by ~11.9% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 74 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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.
| Line | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €267 | €62 | - | - |
| Gross operating margin9900 | - | -€1,371 | -€1,508 | -€348 | -€2,029 | ▼ 484% |
| Operating profit (loss)9901 | - | -€1,433 | -€1,775 | -€410 | -€2,029 | ▼ 395% |
| Financial charges65/66B | - | - | €45 | - | - | - |
| Recurring financial charges65 | - | €42 | €45 | - | - | - |
| Profit (loss) for the period before taxes9903 | - | -€1,475 | -€1,820 | -€410 | -€2,029 | ▼ 395% |
| Profit (loss) for the period9904 | - | -€1,475 | -€1,820 | -€410 | -€2,029 | ▼ 395% |
| Profit (loss) for the period to be appropriated9905 | - | -€1,475 | -€1,820 | -€410 | -€2,029 | ▼ 395% |
| Line | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,400 | €14,910 | €8,976 | €7,859 | €7,859 | = |
| Current assets29/58 | €21,400 | €14,910 | €8,976 | €7,859 | €7,859 | = |
| Amounts receivable within one year40/41 | €9,000 | - | €2,053 | €7,859 | €7,859 | = |
| Other amounts receivable41 | - | - | €2,053 | €7,859 | €7,859 | = |
| Cash at bank and in hand54/58 | €12,400 | €14,910 | €6,924 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,400 | €14,910 | €8,976 | €7,859 | €7,859 | = |
| Equity10/15 | €12,400 | €10,796 | €8,976 | €7,859 | €5,830 | ▼ 25.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | - | - | €12,400 | - | - | - |
| Other1109/19 | - | - | €12,400 | - | - | - |
| Profit (loss) carried forward14 | - | -€1,604 | -€3,424 | -€4,541 | -€6,570 | ▼ 44.7% |
| Amounts payable17/49 | €9,000 | €4,114 | - | - | €2,029 | - |
| Amounts payable within one year42/48 | €9,000 | €4,114 | - | - | €2,029 | - |
| Other amounts payable47/48 | - | - | - | - | €2,029 | - |
| Line | 2018 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€1,475 | -€1,820 | -€410 | -€2,029 | ▼ 395% |
| Operating cash flow (approximation) | - | -€1,475 | -€1,820 | -€410 | -€2,029 | ▼ 395% |
| Change in cash | - | - | -€7,986 | - | - | - |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73048E0302/00M005 | Flanders | 323 m² | 1 · 117 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.