Losses
-€27,679 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Cusher
Lifetime
20 annual accounts with figures on one time axis, 25 filings since 2001peak €81,718 (2009)
€5,708▲ €10,134
lowest -€28,018 (2012)
-€8,888▲ €9,903
peak €34,048 (2023)
€6,369▼ 58.3%
€131,774▼ 3.0%
peak 0.4 FTE (2010)
0 FTE
Board1 name since 2000
1 director
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€4,427 to €5,708Loss of €8,888Equity from €15,257 to €6,369Cash from €1,038 to €22
Key points
from the 2025 annual accountsTurnover
≈ €37,000 estimated
The accounts state no turnover.
Debts
€131,774 95% of the balance sheet
Financial debts 56%Suppliers 4%Taxes and wages 5%Other 35%
Of this, €68,642 falls due within a year.
Filings
25 annual accounts since 2001
Six of the last ten came late. The 2019 accounts came latest: 831 days after the end of the period.
At the same address
7 companies
Position in the sector
€6,369
Less equity than 88% of companies in architecture and engineering. Sector median €194,129 · 2,568 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 974 companies had the same profile as Cusher has now. Each dot stands for 3 companies, two years later.
92.9%
were still trading
4.4%
stopped another way
2.3%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 974 companies, not a prediction for Cusher. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473058805
Environmental permit granted
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Houthalen-Helchteren
Transfer restriction · Board rule
Gazette deed
General meeting · Partner
Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Cusher Houthalen-Helchteren | €138,143 | €5,708 | 4.6% | 0 |
| BUREAU D'ARCHITECTES IN SITU Ath | €104,210 | €4,901 | 60.6% | 0 |
| ARCHITECTENBUREAU VANTILT HOUBEN Wellen | €143,788 | €7,741 | 61.5% | - |
| Architectenbureau Van Beeck Lommel | €139,666 | €8,494 | 97.7% | - |
| America Architects Heusden-Zolder | €109,990 | €7,937 | 60.6% | - |
| 31N72 Zonhoven | €191,452 | €4,339 | 93.3% | - |
| DBW ARCHITECTEN Zutendaal | €123,486 | €6,657 | 74.8% | - |
These companies have the same main activity as Cusher: activities of building architects (NACE 71111). They are comparable in size and age: total assets between €104,000 and €191,000, founded between 2000 and 2008.
Official details
Source: KBO- Status
- Active since 17-10-2000Normal situation
- Activity
- Activities of building architectsNACE 71111
- Establishment unit
- 2.195.841.8543530 Houthalen-Helchteren, since 30-11-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 29-01-2026
Insights on Cusher
Cusher files the abbreviated format. That format states no turnover. The gross margin fell from €32,652 in 2006 to €5,708 in 2025.
The balance sheet grew most from 2008 to 2009 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Cusher
- What is the company number of Cusher?
- The company number of Cusher is 0473.058.805. The VAT number is the same number with BE in front: BE 0473.058.805.
- Where is Cusher based?
- The registered office is at Weg naar Zwartberg 120, 3530 Houthalen-Helchteren.Company details
- What does Cusher do?
- According to the KBO register, the main activity is activities of building architects (NACE 71111).
- What is the legal form of Cusher?
- Legal form of Cusher: Coöperatieve vennootschap met beperkte aansprakelijkheid.
- When was Cusher founded?
- Cusher was founded on 17-10-2000.
- Is Cusher still active?
- Yes, Cusher is an active enterprise in the KBO register.
- What is the turnover of Cusher?
- The turnover in financial year 2025 is ≈ €37,000. This figure is estimated from the gross margin of €5,708 and 63 comparable companies (NACE 71111). It probably lies between €20,000 and €78,000. It is a rough estimate.Financials
- Is Cusher profitable?
- In financial year 2025, Cusher made a loss of €8,888.
- Where can I find the annual accounts of Cusher?
- Cusher filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cusher due?
- Cusher must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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