CUSCIMMO
ActiveSummary
CUSCIMMO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€22,023) and a net result of €7,008. The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-12-2023 Normal situation
- Activity
- “La prestation de tous services administratifs,informatiques,financiers,de gestion et de management au sens le plus…” (deed in French)From the articles, 13 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.356.832.754 4367 Crisnée, since 07-12-2023
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- €27,216
- ▲ 6.1%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €7,008
- Equity
- -€22,023
- ▲ 24.1%
- Total assets
- €271,426
- ▼ 1.6%
- Negative equity on 31-12-2025
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskCapped at 59: negative equityFounded in 2023lowers riskSize: total assets €271,426No main activity registeredFigures for financial year 2025 (filed on 28-08-2026)Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 39% of micro companies without a NACE code
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
17+3
equity -8.1% of total assets
Liquidity
48+1
short-term debt 17.6% · cash 2.5%
Profitability
43+20
return on assets 2.6%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 2.4%
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.5%▲ +0.1 percentage points vs 02-2025
04-2025: 3.0%▲ +0.5 percentage points vs 03-2025
05-2025: 3.1%▲ +0.1 percentage points vs 04-2025
06-2025: 3.3%▲ +0.2 percentage points vs 05-2025
07-2025: 3.6%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 3.5%▼ -0.1 percentage points vs 07-2025
09-2025: 1.0%▼ -2.5 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.1%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%● unchanged vs 04-2026
06-2026: 1.1%● unchanged vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.5 percentage points vs 07-2026
09-2026: 0.8%▼ -0.8 percentage points vs 08-2026lowest value
10-2026: 0.8%● unchanged vs 09-2026lowest value
11-2026: 0.8%● unchanged vs 10-2026lowest value
No credit on open account
Liquidity is insufficient, with a current ratio of 0.14 (0.08 in 2024), below 1. Short-term debt is 17.6% and cash 2.5% of total assets. Equity is negative.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 12% of them on solvency, 31% on liquidity, 33% on profitability and 79% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2025
28 days late
2024
22 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average 25 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444282.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 2 filings
Turnover
≈ €110,000
Estimated: probably between €66,000 and €200,000
Total assets
€271,426▼ 1.6%
2024 · €275,979
Net result
€7,008
2024 · -€31,032
Working capital
-€40,786▲ 6.1%
2024 · -€43,436
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
€16,562
2025
20242025
Net result
€7,008
2025
20242025
Equity
-€22,023
▲ 24.1%
2025
20242025
Total assets
€271,426
▼ 1.6%
2025
20242025
Debt
€293,449
▼ 3.8%
2025
20242025
Working capital
-€40,786
▲ 6.1%
2025
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€20,747-€16,562
Net result-€31,032-€7,008
Equity-€29,032--€22,023▲ 24.1%
Total assets€275,979-€271,426▼ 1.6%
Debt€305,010-€293,449▼ 3.8%
Working capital-€43,436--€40,786▲ 6.1%
The operating result for 2025 is a profit of €16,562, after a loss of €20,747 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,426
Fixed assets
€264,547 ▼ 2.8%
Current assets
€6,879 ▲ 85.7%
Equity and liabilities
Equity-€22,023
Debt€293,449
Equity is negative. Debt (€293,449) exceeds the balance-sheet total (€271,426).
Key figures and ratios
EBITDA
€24,288▲
2024 · €22,389
Cash flow
€14,735▲
2024 · €12,104
Solvency
-8.1%▲
2024 · -10.5%
Current ratio
0.14▲
2024 · 0.08
ROA
2.6%▲
2024 · -11.2%
Interest coverage
2.54▲
2024 · 2.18
Debt ≤ 1 year
€47,665▲
2024 · €47,141
Debt > 1 year
€245,719▼
2024 · €257,869
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €315,409 | - |
| Depreciation and write-downs of the year | €43,136 | €7,727 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,136 | €7,727 | ▼ 82.1% |
| Other operating charges640/8 | €3,258 | €2,928 | ▼ 10.1% |
| Gross operating margin9900 | €25,647 | €27,216 | ▲ 6.1% |
| Operating profit (loss)9901 | -€20,747 | €16,562 | - |
| Financial charges65/66B | €10,284 | €9,554 | ▼ 7.1% |
| Recurring financial charges65 | €10,284 | €9,554 | ▼ 7.1% |
| Profit (loss) for the period before taxes9903 | -€31,032 | €7,008 | - |
| Profit (loss) for the period9904 | -€31,032 | €7,008 | - |
| Profit (loss) for the period to be appropriated9905 | -€31,032 | €7,008 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €275,979 | €271,426 | ▼ 1.6% |
| Fixed assets21/28 | €272,274 | €264,547 | ▼ 2.8% |
| Tangible fixed assets22/27 | €272,274 | €264,547 | ▼ 2.8% |
| Land and buildings22 | €272,274 | €264,547 | ▼ 2.8% |
| Current assets29/58 | €3,705 | €6,879 | ▲ 85.7% |
| Cash at bank and in hand54/58 | €3,705 | €6,879 | ▲ 85.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €275,979 | €271,426 | ▼ 1.6% |
| Equity10/15 | -€29,032 | -€22,023 | ▲ 24.1% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€31,032 | -€24,023 | ▲ 22.6% |
| Amounts payable17/49 | €305,010 | €293,449 | ▼ 3.8% |
| Amounts payable after more than one year17 | €257,869 | €245,719 | ▼ 4.7% |
| Financial debts170/4 | €257,869 | €245,719 | ▼ 4.7% |
| Amounts payable within one year42/48 | €47,141 | €47,665 | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | €11,732 | €12,150 | ▲ 3.6% |
| Other amounts payable47/48 | €35,409 | €35,515 | ▲ 0.3% |
| Accrued charges and deferred income492/3 | - | €66 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€31,032 | €7,008 | - |
| + Depreciation and write-downs630 | €43,136 | €7,727 | ▼ 82.1% |
| Operating cash flow (approximation) | €12,104 | €14,735 | ▲ 21.7% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €3,174 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 516 companies had the same profile as CUSCIMMO has now. Two years later, 91.9% were still going and 4.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
91.9%
was still going
2.5%
stopped otherwise
4.5%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CUSCIMMO itself is lower: 0.8% within 12 months. It rests on far more data about CUSCIMMO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 516 companies, not a prediction for CUSCIMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Directors
2 directors, no change since 2023
ERNES Grégory Jacques Julien
Current
Administrateur non statutaire · appointed in the act of 11-12-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 28-08-2026
PETIT Caroline
Current
Administrateur non statutaire · appointed in the act of 11-12-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 28-08-2026
Owners and capital
Shareholders
At incorporation
act of 11-12-2023 ↗
- ERNES Grégory Jacques Julien 50 shares (50%)
- PETIT Caroline 50 shares (50%)
Capital transactions
Capital over time
- 11-12-2023 Incorporation · €2,000 · 100 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| ERNES Grégory Jacques Julien |
|
| PETIT Caroline |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, cessions entre vifs à peine de nullité”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 11-12-2023 (in French)
Network & group
CUSCIMMO shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of CUSCIMMO. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
28-08
micro format · 28 days late
2025
31-12
Financial
Back to profitnet €7,008
The net result is €7,008, after one loss-making year.
22-08
micro format · 22 days late
2023
11-12
Gazette deed
IncorporationStarting capital €2,000 · Appointments: PETIT Caroline (administrateur non statutaire) and ERNES Grégory Jacques Julien (administrateur non statutaire) · Founder16 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointments: PETIT Caroline (administrateur non statutaire) and ERNES Grégory Jacques Julien (administrateur non statutaire) · Founder16 points ▸
- Founder, ERNES Grégory Jacques Julien
- Founder, PETIT Caroline
- Incorporation, “CUSCIMMO” (deed in French)
- Other provision, “représentation par procuration, procuration reçue ce jour” (deed in French)
- Other provision, “capacité et identité des comparants, capable et compétent” (deed in French)
- Other provision, “commentaire et lecture de l'acte, si exigé ou projet reçu insuffisamment tôt” (deed in French)
- Other provision, “projet d'acte et modifications” (deed in French)
- Founding capital, €2,000
- Bank account, “société en formation, BE88 0019 6604 8641” (deed in French)
- Other provision, “plan financier et responsabilité des fondateurs, responsabilité des fondateurs en cas de faillite dans les trois ans si capitaux propres manifestement insuffisa…” (deed in French)
- Registered office clause, “4367 Crisnée, Rue Joseph Hamels”, 23 (deed in French)
- Other provision, “non_connue_à_ce_jour, site_internet_adresse_électronique” (deed in French)
- The act holds 4 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CUSCIMMO in French
Enterprise number
1003.096.202
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-12-2023
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-12-2023 (in French)Registered office and establishments
Registered office
Rue Joseph Hamels 23, 4367 Crisnée, Belgium
Establishment unit
CUSCIMMO, Rue Joseph Hamels 23, 4367 Crisnée since 07-12-2023 · unit number 2.356.832.75468110 Buying and selling of own real estate
Activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 11-12-2023 (in French)
“La prestation de tous services administratifs,informatiques,financiers,de gestion et de management au sens le plus large,notamment dans les…”
13 activities
- La prestation de tous services administratifs,informatiques,financiers,de gestion et de management au sens le plus large,notamment dans les domaines du développement de nouveaux produits et technologies,du marketing,de la stratégie d'entreprise,du contrôle de gestion,du contrôle qualité,de la production,de la logistique,des systèmes d'information,de l'évaluation financière et stratégique des organisations,de ressources humaines,de formation,de conseil en investissements,participations,fusions,acquisitions,financements et assurances,de relations publiques,d'établissement et auditing de bilans sociaux et plus généralement,de l'organisation au sens large,en ce compris la réalisation des audits de gestion nécessaires à l'exercice efficient de ces opérations
- Toutes activités de conseil aux entreprises appartenant aux secteurs tant public que privé,à l’échelle locale,régionale,nationale ou internationale,ayant une activité notamment dans les domaines du commerce,de l'industrie au sens large ou des services
- La gestion de participations sous n'importe quelle forme dans toutes sociétés belges et étrangères,tant en vue de les valoriser qu'en exercice pur et simple de mandats d'administration
- La gestion et à l'administration au sens large de toute société ou entreprise,belge ou étrangère,à l'exercice de mandats ou fonctions,y compris des mandats de liquidateur ou de gestion provisoire de crise,dans ces sociétés ou entreprises ainsi qu'au contrôle de leur gestion;elle pourra dans ce cadre,assurer la gestion journalière et la représentation dans les opérations relevant de cette gestion au sens de l'article 5:79 du code des sociétés et des associations,des affaires au profit de tiers et pour leur compte
- Toutes activités de recherche fondamentale et appliquée,à la conception de technologies et produits,pouvant notamment mener au dépôt de brevets et à l'exploitation de toutes licences,de tous brevets et marques
- La valorisation de toutes connaissances techniques non brevetées,le développement de procédés et de prototypes
- Toutes activités de coaching et de formation,y compris l'organisation de séminaires et de cours ainsi que la publication d'articles et d'ouvrages
- L'achat,la vente,la représentation,l'importation,l'exportation,le courtage de tous produits manufacturés ou non,marchandises et matières premières
- Toutes opérations d'agents d'affaires,de commissionnaires en marchandises ou prestataire de services
- L'étude,la création,l'acquisition,la vente,la mise en valeur,l'exploitation,la direction,la gérance,la régie,l'organisation,le financement,le contrôle de toutes affaires ou entreprises industrielles,commerciales,financières,mobilières ou immobilières
- L'acquisition,par la voie d'achat ou autrement,de toutes valeurs mobilières,toutes créances,toutes parts d'associés,toutes participations dans toutes entreprises industrielles,commerciales ou financières,l'accomplissement pour elle-même de tous actes de gestion de portefeuille ou de capitaux,la commandite de toutes entreprises,la constitution par voie d'apport ou autrement de toutes sociétés ou syndicat,en bref,toutes opérations propres aux sociétés à portefeuille
- La gestion de biens immobiliers pour son propre compte sous toutes ses formes avec pouvoir d'acheter,vendre,mettre en valeur,donner en location ou prendre en location,gérer,administrer,entretenir,améliorer,construire et reconstruire,cautionner ou avaliser engagements de tiers,hypothéquer,et placements mobiliers pour son propre compte à court,moyen ou long terme
- L'achat,l'échange,la vente,la prise en location et en souslocation,ainsi que la cession en location et en souslocation,le tout avec ou sans option d'achat,l'exploitation et l'entretien de maisons,appartements,bureaux,magasins,fonds de commerce,terrains,terres et domaines,et de manière générale,de tous biens immobiliers,ainsi que toutes opérations de financement
Invoicing and payment
VAT number
BE 1003.096.202
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
673 m²
Building footprint
97 m²
Building volume
749 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64412A0302/00R000 | Wallonia | 673 m² | 1 · 97 m² | 9.9 m · 3 |