Summary
CURVO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €704k and a net result of €-45k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 8048 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €704k
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 19-07-2026, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
12 d early
2024
14 d early
2023
29 d early
2022
47 d early
2021
24 d late
2020
6 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€704k▲ 222%
2024 · €219k
2020: €-19k
2021: €-46k▼ -144% vs 2020
2022: €-95k▼ -109% vs 2021lowest in 6 years
2023: €289k▲ +403% vs 2022
2024: €219k▼ -24.4% vs 2023
2025: €704k▲ +222% vs 2024highest in 6 years
2020 → 2025
Net result
€-45k▲ 35.6%
2024 · €-71k
2020: €-19khighest in 6 years
2021: €-27k▼ -43.7% vs 2020
2022: €-50k▼ -83.9% vs 2021
2023: €-215k▼ -333% vs 2022lowest in 6 years
2024: €-71k▲ +67.2% vs 2023
2025: €-45k▲ +35.6% vs 2024
2020 → 2025
Total assets
€722k▲ 226%
2024 · €222k
2020: €18k
2021: €16k▼ -10.6% vs 2020
2022: €12k▼ -27.7% vs 2021lowest in 6 years
2023: €296k▲ +2406% vs 2022
2024: €222k▼ -25.1% vs 2023
2025: €722k▲ +226% vs 2024highest in 6 years
2020 → 2025
Solvency
97.5%▼ 1.3pp
2024 · 98.8%
2020: -102.5%
2021: -280.2%▼ -173% vs 2020
2022: -808.6%▼ -189% vs 2021lowest in 6 years
2023: 97.9%▲ +112% vs 2022
2024: 98.8%▲ +1.0% vs 2023highest in 6 years
2025: 97.5%▼ -1.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-46k-€-95k▼ 109%€289k€219k▼ 24.4%€704k▲ 222%
2021: €-46k
2022: €-95k▼ -109% vs 2021lowest in 5 years
2023: €289k▲ +403% vs 2022
2024: €219k▼ -24.4% vs 2023
2025: €704k▲ +222% vs 2024highest in 5 years
Operating result€-26k-€-47k▼ 83.5%€-213k▼ 355%€-66k▲ 68.8%€-46k▲ 31.3%
2021: €-26khighest in 5 years
2022: €-47k▼ -83.5% vs 2021
2023: €-213k▼ -355% vs 2022lowest in 5 years
2024: €-66k▲ +68.8% vs 2023
2025: €-46k▲ +31.3% vs 2024
Net result€-27k-€-50k▼ 83.9%€-215k▼ 333%€-71k▲ 67.2%€-45k▲ 35.6%
2021: €-27khighest in 5 years
2022: €-50k▼ -83.9% vs 2021
2023: €-215k▼ -333% vs 2022lowest in 5 years
2024: €-71k▲ +67.2% vs 2023
2025: €-45k▲ +35.6% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2025 against €66k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €722k
Fixed assets
€33k ▲ 2,727,325%
Current assets
€690k ▲ 211%
Equity and liabilities €722k
Equity
€704k ▲ 222%
Debt
€18k ▲ 583%
Debt's share of the balance-sheet total rises from 1.2% to 2.5%. Equity and debt are higher.
Key figures and ratios
ROE
-6.5%▲
2024 · -32.2%
ROA
-6.3%▲
2024 · -31.9%
Debt ≤ 1 year
€18k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet
Code20242025
Assets
Total assets20/58€222k€722k▲
Fixed assets21/28€1€33k▲
Intangible fixed assets21-€32k
Financial fixed assets28€1€1k▲
Current assets29/58€222k€690k▲
Amounts receivable within one year40/41€121k€204k▲
Other amounts receivable41€121k€204k▲
Cash at bank and in hand54/58€100k€485k▲
Deferred charges and accrued income490/1€455€933▲
Equity and liabilities
Total equity and liabilities10/49€222k€722k▲
Equity10/15€219k€704k▲
Contributions10/11€600k€1.13M▲
Profit (loss) carried forward14€-381k€-427k▼
Amounts payable17/49€3k€18k▲
Amounts payable within one year42/48€3k€18k▲
Trade debts44€133€15k▲
Suppliers440/4€133€15k▲
Advances received on contracts in progress46€1-
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129€791▲
Other operating charges640/8€387€400▲
Gross operating margin9900€-66k€-44k▲
Operating profit (loss)9901€-66k€-46k▲
Financial income75/76B€2k€508▼
Recurring financial income75€2k€508▼
Financial charges65/66B€6k€290▼
Recurring financial charges65€6k€290▼
Profit (loss) for the period before taxes9903€-71k€-45k▲
Profit (loss) for the period9904€-71k€-45k▲
Profit (loss) for the period to be appropriated9905€-71k€-45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-381k€-427k▼
Profit (loss) brought forward from the previous period14P€-311k€-381k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €788 | €1k | €2k | €129 | €791 | ▲ 514% |
| Other operating charges640/8 | €337 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €-24k | €-45k | €-211k | €-66k | €-44k | ▲ 32.6% |
| Operating profit (loss)9901 | €-26k | €-47k | €-213k | €-66k | €-46k | ▲ 31.3% |
| Financial income75/76B | - | - | €673 | €2k | €508 | ▼ 77.6% |
| Recurring financial income75 | - | - | €673 | €2k | €508 | ▼ 77.6% |
| Financial charges65/66B | €2k | €3k | €2k | €6k | €290 | ▼ 95.4% |
| Recurring financial charges65 | €2k | €3k | €2k | €6k | €290 | ▼ 95.4% |
| Profit (loss) for the period before taxes9903 | €-27k | €-50k | €-215k | €-71k | €-45k | ▲ 35.6% |
| Profit (loss) for the period9904 | €-27k | €-50k | €-215k | €-71k | €-45k | ▲ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €-27k | €-50k | €-215k | €-71k | €-45k | ▲ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16k | €12k | €296k | €222k | €722k | ▲ 226% |
| Formation expenses20 | €519 | €324 | €129 | - | - | - |
| Fixed assets21/28 | €2k | €3k | €1k | €1 | €33k | ▲ 2,727,325% |
| Intangible fixed assets21 | - | - | - | - | €32k | - |
| Tangible fixed assets22/27 | €2k | €3k | €1k | - | - | - |
| Furniture and vehicles24 | €2k | €3k | €1k | - | - | - |
| Financial fixed assets28 | - | - | €1 | €1 | €1k | ▲ 83,333% |
| Current assets29/58 | €14k | €9k | €295k | €222k | €690k | ▲ 211% |
| Amounts receivable within one year40/41 | €3k | €4k | €28k | €121k | €204k | ▲ 68.8% |
| Trade receivables40 | - | - | €6k | - | - | - |
| Other amounts receivable41 | €3k | €4k | €22k | €121k | €204k | ▲ 68.8% |
| Cash at bank and in hand54/58 | €11k | €5k | €264k | €100k | €485k | ▲ 384% |
| Deferred charges and accrued income490/1 | - | €122 | €3k | €455 | €933 | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16k | €12k | €296k | €222k | €722k | ▲ 226% |
| Equity10/15 | €-46k | €-95k | €289k | €219k | €704k | ▲ 222% |
| Contributions10/11 | €100 | €100 | €600k | €600k | €1.13M | ▲ 88.5% |
| Profit (loss) carried forward14 | €-46k | €-96k | €-311k | €-381k | €-427k | ▼ 11.9% |
| Amounts payable17/49 | €62k | €107k | €6k | €3k | €18k | ▲ 583% |
| Amounts payable after more than one year17 | €50k | €100k | - | - | - | - |
| Financial debts170/4 | €50k | €100k | - | - | - | - |
| Amounts payable within one year42/48 | €12k | €7k | €6k | €3k | €18k | ▲ 583% |
| Trade debts44 | €2k | €2k | €4k | €133 | €15k | ▲ 11,504% |
| Suppliers440/4 | €2k | €2k | €4k | €133 | €15k | ▲ 11,504% |
| Advances received on contracts in progress46 | - | - | €1 | €1 | - | - |
| Other amounts payable47/48 | €10k | €6k | €3k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-27k | €-50k | €-215k | €-71k | €-45k | ▲ 35.6% |
| + Depreciation and write-downs630 | €788 | €1k | €2k | €129 | €791 | ▲ 514% |
| Operating cash flow (approximation) | €-26k | €-48k | €-213k | €-70k | €-45k | ▲ 36.6% |
| Investment in fixed assets (approximation) | - | €-2k | €-196 | €942 | €-34k | ▼ 3,657% |
| Change in cash | - | €-6k | €259k | €-164k | €384k | ▲ 334% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €500kEq €704k ▲222%
Equity rises from €219k to €704k.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-215k
Net result drops to €-215k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 38current ratio 46.71
Current ratio from 1.23 to 46.71; short-term debt falls from €7k to €6k.
31-12
Financial
Equity above €200kEq €289k
Equity rises from €-95k to €289k.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2019
Ground area
5,672 m²
Building footprint
3,878 m²
Volume, LiDAR
86,391 m³
Parcel 21807G0131/00T000, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
562
companies at this address
See who is registered here
1 establishment unit
CURVO
since 20192.294.641.896
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
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 807 companies in sector 64999 we hold annual accounts for 484. 268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
85592Vocational training
Contact
Website
curvo.eu
E-mail
hello@curvo.eu
Scores and ratios are computed by Checked and are not a credit decision.