Cusdigix
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Cusdigix has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,752 and a net result of €29,655. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 46% of 39,242 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 22-02-2011 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue des Moissons 8, 4300 Waremme
- Activity
- Business and other management consultancy NACE 70200
- Establishment unit
- 2.229.667.734 4300 Waremme, since 05-05-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 02-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €48,046
- ▼ 1.3%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €29,655
- ▼ 16.7%
- Equity
- €42,752
- ▲ 21.8%
- Total assets
- €82,867
- ▼ 10.0%
Why 96lowers riskLiquidity: current ratio 2.00, cash €44,073Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €82,867Equity €42,752 (51.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 70, micro): better than 47% on solvency, 68% on liquidity, 84% on profitability and 68% on growth.
The bankruptcy probability was computed on 31-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 23-12-2025
- Format
- micro format
- Reference
- 2025-00591459
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 2% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 34,693 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €220 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,891 | €20,275 | €14,120 | €13,304 | €12,300 | €265 | €1,176 | ▲ 344% |
| Other operating charges640/8 | - | - | - | €1,944 | €2,898 | €795 | €426 | ▼ 46.4% |
| Gross operating margin9900 | €81,273 | €41,025 | €77,523 | €17,828 | €13,467 | €48,672 | €48,046 | ▼ 1.3% |
| Operating profit (loss)9901 | €54,593 | €18,147 | €60,763 | €2,581 | -€1,731 | €47,612 | €46,444 | ▼ 2.5% |
| Financial income75/76B | - | - | - | €1 | - | €174 | €171 | ▼ 1.8% |
| Recurring financial income75 | €445 | €161 | €1 | €1 | - | €174 | €171 | ▼ 1.8% |
| Financial charges65/66B | - | - | - | €492 | €91 | €75 | €3,388 | ▲ 45× |
| Recurring financial charges65 | €1,465 | €1,521 | €904 | €492 | €91 | €75 | €3,388 | ▲ 45× |
| Profit (loss) for the period before taxes9903 | €53,573 | €16,786 | €59,859 | €2,089 | -€1,822 | €47,711 | €43,227 | ▼ 9.4% |
| Income taxes67/77 | €14,285 | €6,260 | €16,969 | €4,363 | €3,271 | €12,110 | €13,572 | ▲ 12.1% |
| Profit (loss) for the period9904 | €39,288 | €10,526 | €42,890 | -€2,274 | -€5,093 | €35,601 | €29,655 | ▼ 16.7% |
| Profit (loss) for the period to be appropriated9905 | €39,288 | €10,526 | €42,890 | -€2,274 | -€5,093 | €35,601 | €29,655 | ▼ 16.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €116,918 | €70,198 | €110,538 | €77,842 | €67,485 | €92,060 | €82,867 | ▼ 10.0% |
| Fixed assets21/28 | €60,342 | €39,724 | €25,604 | €12,300 | - | €3,120 | €3,373 | ▲ 8.1% |
| Tangible fixed assets22/27 | €60,342 | €39,724 | €25,604 | €12,300 | - | €3,120 | €3,373 | ▲ 8.1% |
| Plant, machinery and equipment23 | - | - | - | - | - | €2,245 | €1,794 | ▼ 20.1% |
| Furniture and vehicles24 | - | - | - | €12,300 | - | €875 | €1,579 | ▲ 80.4% |
| Current assets29/58 | €56,575 | €30,475 | €84,934 | €65,541 | €67,485 | €88,940 | €79,495 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €44,872 | €26,943 | €18,956 | €17,472 | €26,308 | €40,200 | €34,025 | ▼ 15.4% |
| Trade receivables40 | - | - | - | €15,730 | €22,833 | €34,025 | €34,025 | = |
| Other amounts receivable41 | - | - | - | €1,742 | €3,475 | €6,175 | - | - |
| Cash at bank and in hand54/58 | €8,354 | €0 | €63,858 | €20,546 | €39,070 | €48,202 | €44,073 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | - | - | - | €27,523 | €2,107 | €538 | €1,396 | ▲ 159% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €116,918 | €70,198 | €110,538 | €77,842 | €67,485 | €92,060 | €82,867 | ▼ 10.0% |
| Equity10/15 | €9,022 | €19,548 | €40,862 | €38,588 | €33,496 | €35,097 | €42,752 | ▲ 21.8% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €23,860 | €23,860 | €23,860 | €28,860 | €35,860 | ▲ 24.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €22,000 | €22,000 | €28,860 | €35,860 | ▲ 24.3% |
| Profit (loss) carried forward14 | €962 | €11,488 | €10,802 | €8,528 | €3,436 | €37 | €692 | ▲ 19× |
| Amounts payable17/49 | €107,895 | €50,650 | €69,676 | €39,253 | €33,990 | €56,963 | €40,116 | ▼ 29.6% |
| Amounts payable after more than one year17 | €26,809 | €13,273 | €8,000 | €8,000 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €8,000 | - | - | - | - |
| Amounts payable within one year42/48 | €80,584 | €36,515 | €60,854 | €30,586 | €33,642 | €56,578 | €39,716 | ▼ 29.8% |
| Trade debts44 | €4,648 | €6,638 | €2,938 | €3,884 | €4,009 | €10,931 | €2,589 | ▼ 76.3% |
| Suppliers440/4 | - | - | - | €3,884 | €4,009 | €10,931 | €2,589 | ▼ 76.3% |
| Taxes, remuneration and social security45 | - | - | - | €14,606 | €13,777 | €11,648 | €15,127 | ▲ 29.9% |
| Taxes450/3 | - | - | - | €14,606 | €11,577 | €11,648 | €15,127 | ▲ 29.9% |
| Remuneration and social security454/9 | - | - | - | - | €2,200 | - | - | - |
| Other amounts payable47/48 | - | - | - | €12,095 | €15,856 | €34,000 | €22,000 | ▼ 35.3% |
| Accrued charges and deferred income492/3 | - | - | - | €668 | €348 | €384 | €400 | ▲ 4.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,288 | €10,526 | €42,890 | -€2,274 | -€5,093 | €35,601 | €29,655 | ▼ 16.7% |
| + Depreciation and write-downs630 | €20,891 | €20,275 | €14,120 | €13,304 | €12,300 | €265 | €1,176 | ▲ 344% |
| Operating cash flow (approximation) | €60,179 | €30,801 | €57,010 | €11,030 | €7,208 | €35,866 | €30,831 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €344 | €0 | €0 | - | - | -€1,429 | - |
| Change in cash | - | -€8,354 | €63,858 | -€43,312 | €18,524 | €9,131 | -€4,129 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 23-12-2025 | 2025-00591459 | |
| 30-06-2024 | micro format | 05-12-2024 | 2024-00611242 | |
| 30-06-2023 | micro format | 07-12-2023 | 2023-00524022 | |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00014915 | |
| 30-06-2021 | micro format | 25-01-2022 | 2022-01800568 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-03600453 | |
| 30-06-2019 | micro format | 13-01-2020 | 2020-01100471 | |
| 30-06-2018 | micro format | 19-12-2018 | 2018-75100589 | |
| 30-06-2017 | micro format | 07-12-2017 | 2017-71400226 | |
| 30-06-2016 | full format | 05-01-2017 | 2017-00700023 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sébastien Pirotte |
|
| PIROTTE Michel |
|
How the board is organised
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée,statutaires possibles si nommés dans statuts, un ou plusieurs administrateurs”
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts”
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de l'assemblée générale de désigner un ou plusieurs liquidateurs et de déterminer pouvoirs et émoluments, dissolution pour quelque…”
Articles of association, deed of 29-11-2023 (in French)
Owners and capital
Capital and shareholders
- 29-11-2023 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 29-11-2023 (in French)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-11
Gazette deed
Resignations: Sébastien Pirotte (manager) and PIROTTE Michel (manager)Reappointment: Sébastien Pirotte (director) · Amendment of the articles · Legal-form conversion14 facts ▸
- General meeting, “assemblée générale extraordinaire” (deed in French)
- Amendment of the articles
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “conformément aux formes et majorités de la modification des statuts, rendre disponible pour distribution” (deed in French)
- Director resignation, Sébastien Pirotte (manager)
- Director resignation, PIROTTE Michel (manager)
- Director reappointment, Sébastien Pirotte (director (not named in the articles))
- Registered-office move, 4300 Waremme, rue des Moissons 8
- Power of attorney, Sébastien Pirotte
- Name change, Cusdigix
- Other provision, “conformément aux formes et majorités de la modification des statuts, dispense de libération du solde des apports non appelés” (deed in French)
- +2 further facts in this act
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Cusdigix
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, établir ou supprimer des sièges d’exploitation par simple décision de l’organe d’administration,pour autant que cette…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of November at 18:00
Articles of association, deed of 29-11-2023 (in French)
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 64074A0413/00P002 | Wallonia | 415 m² | 1 · 98 m² | 9.0 m · 3 |