Checked.be
Active
BE 0830.785.796Private limited company
CUSGENERAL CONSTRUCT
Kalfstraat 18 ·8300 Knokke-Heist, Belgium· 15 yrs active
Sector: Other building cleaning and industrial cleaning
(81220)
Conclusion
The file of CUSGENERAL CONSTRUCT contains 2 historical bankruptcy publications, as published in the Belgian State Gazette. The computed 12-month bankruptcy probability is 0.9% (low). The 2024 annual accounts show equity of €252k and a net result of €24k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 5900 sector peers (fiscal year 2024).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €252k |
| Net result | €24k |
| Staff (FTE) | 4.4 |
| Better than sector | 43% |
Financial profile
62
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
76
Profitability
48
Solvency
70
Growth
32
Stability
85
Bankruptcy probability (12 mo)
Risk Assessment
20 / 100
Moderate riskComponents
· 2 historical bankruptcy publications (+20)
Trust signals
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
76
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€19k
estimate, not credit advice
Score history
80
2019
93
2020
76
2021
66
2022
91
2023
76
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.65 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.64 (≥ 1.0)
+5
Leverage
Debt/equity 1.80 (< 2.0)
+3
Profitability
ROE 10%
+3
Interest coverage
Interest coverage 15.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 17-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~62% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 81, Services to buildings and landscape activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 35.2% | 41.5% | |
| Net result | €24k | €9k | |
| Equity | €252k | €48k | |
| Gross operating margin | €208k | €46k | |
| Staff costs | €133k | €46k |
€73k
-10.4%
19-24
€24k
-66.0%
19-24
€71k
-10.3%
19-24
€718k
+24.6%
19-24
€252k
-3.5%
19-24
€268k
+25.8%
19-24
4
-12.0%
19-24
€133k
-16.0%
19-24
€14k
-59.2%
19-24
€455k
+49.6%
19-24
€416k
+36.8%
19-24
€39k
+394.1%
19-24
1.65
-3.3%
19-24
1.64
-3.0%
19-24
35.2%
-22.5%
19-24
1.80
+55.0%
19-24
9.7%
-64.8%
19-24
3.4%
-72.7%
19-24
15.40
-63.0%
19-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ | 2020 Δ |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | -10.4% | +321.4% | +31.5% | -82.0% | - |
| Net profit | -66.0% | +384.5% | +137.5% | -97.2% | - |
| Cash flow | -10.3% | +290.6% | -24.4% | -89.1% | - |
| Staff costs | -16.0% | -32.6% | +7.0% | - | - |
| Income taxes | -59.2% | +361.9% | +66.9% | -82.4% | - |
| Dividends | - | - | - | - | - |
| Total assets | +24.6% | -34.2% | +2.1% | +1.1% | - |
| Equity | -3.5% | -24.5% | -4.2% | -6.2% | - |
| Debt | +49.6% | -41.4% | +6.8% | +7.2% | - |
| of which ≤ 1y | +36.8% | -41.4% | +6.8% | +9.1% | - |
| of which > 1y | - | - | - | - | - |
| Working capital | +25.8% | -38.6% | -4.9% | -3.9% | - |
| Employees (FTE) | -12.0% | 0.0% | +25.0% | -50.0% | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 1.65 | 1.70 | 1.67 | 1.75 | 1.85 |
| Quick ratio | 1.64 | 1.69 | 1.67 | 1.75 | 1.85 |
| Working capital ratio | 37.4% | 37.0% | 39.7% | 42.6% | 44.8% |
| Solvency | 35.2% | 45.4% | 39.5% | 42.1% | 45.4% |
| Debt / equity | 1.80 | 1.16 | 1.50 | 1.34 | 0.02 |
| Long-term debt ratio | 0.15 | - | - | - | 0.02 |
| Interest coverage | 15.40 | 41.59 | 1.42 | 4.71 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.4% | 12.5% | 1.7% | 0.7% | 26.4% |
| ROE | 9.7% | 27.5% | 4.3% | 1.7% | 58.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €718k | €576k | €877k | €859k | €850k |
| Fixed assets | 21/28 | €33k | €59k | €10k | €7k | €24k |
| Formation expenses | 20 | €1k | - | - | - | - |
| Tangible fixed assets | 22/27 | €33k | €59k | €9k | €7k | €24k |
| Financial fixed assets | 28 | €100 | €100 | €100 | €100 | - |
| Current assets | 29/58 | €684k | €517k | €867k | €852k | €826k |
| Stocks & contracts in progress | 3 | €2k | €3k | €2k | €218 | €1k |
| Amounts receivable within one year | 40/41 | €256k | €75k | €192k | €177k | €400k |
| Cash & bank | 54/58 | €193 | €5 | €210 | €2k | €211 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €718k | €576k | €877k | €859k | €850k |
| Equity | 10/15 | €252k | €262k | €347k | €362k | €385k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | - |
| Reserves | 13 | €158k | €157k | €232k | €217k | €211k |
| Accumulated profits (losses) | 14 | €76k | €86k | €96k | €126k | €156k |
| Provisions & deferred taxes | 16 | €11k | €11k | €11k | €11k | €11k |
| Amounts payable | 17/49 | €455k | €304k | €519k | €486k | €454k |
| Amounts payable after one year | 17 | €39k | - | - | - | €8k |
| Amounts payable within one year | 42/48 | €416k | €304k | €519k | €486k | €446k |
| Trade debts payable within one year | 44 | €207k | €176k | €273k | €157k | €161k |
| Income statement | ||||||
| Gross operating margin | 9900 | €208k | €242k | €259k | €237k | €301k |
| Operating result | 9901 | €27k | €75k | €14k | €-6k | €61k |
| Financial income | 75 | €17k | €34k | €22k | €20k | €13k |
| Financial charges | 65 | €5k | €2k | €14k | €3k | €6k |
| Result before taxes | 9903 | €39k | €107k | €22k | €11k | €68k |
| Income taxes | 67/77 | €14k | €35k | €8k | €5k | €26k |
| Net result for the period | 9904 | €24k | €72k | €15k | €6k | €42k |
| Result to be appropriated | 9905 | €24k | €72k | €15k | €6k | €42k |
Directors & mandates
| Role | Name | Tenure |
|---|---|---|
| Curator | TOON MOERMAN KOMVEST 29, 8000 BRUGGE- |
10-02-2023 → present |
Legal Structure
| NACE primary | Other building cleaning and industrial cleaning(81220) |
| Legal form | Private limited company(610) |
| Incorporation | 28-10-2010 |
| Status | Active |
| Postal code | 8300 |
| First insolvency signal | 16-02-2023 |
| Latest insolvency signal | 11-05-2023 |
Establishment units
Cusgeneral Construct
since 20112.194.416.647
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0792/00V000 | Flanders | 945 m² | 1 · 167 m² | 9.7 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
11-05
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Brugge · CUSGENERAL CONSTRUCT BV KALF- STRAAT 18, 8300 KNOKKE-HEIST · event 08-05-2023
16-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · CUSGENERAL CONSTRUCT BV KALFSTRAAT 18, 8300 KNOKKE-HEIST · event 10-02-2023
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €6k ▼97.2%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2019net €225k ▲5.6%
Net result €225k, the highest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 161 days late
2017
04-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 126 days late
09-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 193 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Lifecycle & Insolvency Signals
11-05-2023
Bankruptcy
Bankruptcy reversal
16-02-2023
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Other building cleaning and industrial cleaning81220Insulation installation43230Specialised construction activities43291Joinery installation43320Painting of buildings43341Screed work43422Bricklaying and masonry work43910Specialised construction activities43994
Names & trade names
| Legal nameNL | CUSGENERAL CONSTRUCT |
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