Active BE 0801.795.268Non-profit association

CUSL PATRIMOINE

Hippokrateslaan 10 ·1200 Sint-Lambrechts-Woluwe, Belgium· 3 yrs active

Sector: Ontwikkeling van niet-residentiële bouwprojecten (68122)

Conclusion Checked

The computed 12-month bankruptcy probability of CUSL PATRIMOINE is 0.1% (very low). The 2023 annual accounts show equity of €24.15M and a net result of €41k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€24.15M
Net result	€41k
Active	3 yrs
Publications	1

Financial profile 4 of 5 axes measured · computed by Checked

42 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 43

Profitability 1

Solvency 44

Growth -

Stability 79

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-risk legal form −Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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.

Health barometer FY 2023 · computed

43 / 100 Weak

050100

Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 15-07-2025 with the NBB · fiscal year 2024 · verkort

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€41k
Cash flow	-
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€76.97M
Equity	€24.15M
Debt	€52.82M
of which ≤ 1y	€36.00M
of which > 1y	€16.82M
Working capital	€-9.07M
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.75
Quick ratio	0.75
Working capital ratio	-11.8%
Solvency	31.4%
Debt / equity	2.19
Long-term debt ratio	0.70
Interest coverage	-
Gross margin	-
Net margin	-
ROA	0.1%
ROE	0.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €50.04M · 65.0% Current assets €26.93M · 35.0%

Equity & liabilities

Equity €24.15M · 31.4% Debt €52.82M · 68.6%

Full annual accounts (18 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€76.97M
Fixed assets	21/28	€50.04M
Tangible fixed assets	22/27	€50.04M
Current assets	29/58	€26.93M
Amounts receivable within one year	40/41	€9.68M
Cash & bank	54/58	€17.25M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€76.97M
Equity	10/15	€24.15M
Accumulated profits (losses)	14	€41k
Amounts payable	17/49	€52.82M
Amounts payable after one year	17	€16.82M
Amounts payable within one year	42/48	€36.00M
Trade debts payable within one year	44	€35.57M
Income statement
Operating result	9901	€42k
Financial charges	65	€1k
Result before taxes	9903	€41k
Net result for the period	9904	€41k
Result to be appropriated	9905	€41k

Ratios computed by Checked.

Legal Structure

NACE primary	Ontwikkeling van niet-residentiële bouwprojecten(68122)
Legal form	Non-profit association(017)
Incorporation	15-05-2023
Status	Active
Postal code	1200

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21018B0078/00R002	Brussels	5.0 ha	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 3 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

15-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

12-06-2025

State Gazette act Director changes

2024

25-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

Belgian State Gazette reading coverage 0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

12-06-2025 7 directors appointed Director changes

Philippe Dehaspe, Gedelegeerd bestuurder
Julie Lagasse, Directeur
Patrick Gohy, Directeur
Laurence Mercier, Directeur
Vincent Gille, Directeur
Philippe Dehaspe, Directeur
EY, Commissaris

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122

Primary activity highlighted.

Names & trade names

Legal nameFR

CUSL PATRIMOINE

Registered office

Hippokrateslaan 10

1200 Sint-Lambrechts-Woluwe, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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