CUSTERS
ActiveFrom the official registers: KBO 34 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of CUSTERS is 2.4% (moderate). The 2024 annual accounts show equity of €542,403 and a net result of €7,414. Equity has been stable since 2018 (±2% per year). The company has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 22-12-1989 Normal situation
- Legal form
- Public limited company
- Registered office
- Brugstraat 32, 3960 Bree
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.047.692.566 3960 Bree, since 30-03-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.4%
- Gross margin
- €46,853
- ▲ 140%
- Turnover
- ≈ €170,000
- estimated
- Profit
- €7,414
- Equity
- €542,403
- ▲ 1.4%
- Total assets
- €1.2m
- ▲ 9.9%
Score breakdownraises riskFigures for financial year 2024 (filed on 03-09-2025)1 change of registered office in 24 monthsNo main activity registeredlowers riskSize: total assets €1.2mShow the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41% of them on solvency, 43% on liquidity, 30% on profitability and 53% 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. 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
The company filed its last 6 accounts on average 40 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 (1)
Financials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 27-08-2025
- Format
- abbreviated format
- Reference
- 2025-00476919
Amounts without an identifiable currency are taken as euros.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is a profit of €18,404, after a loss of €1,423 in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Companies with the same profile, two years later
Historical observationIn July 2024, 14,766 companies had the same profile as CUSTERS has now. Two years later, 0.2% had gone bankrupt and 96.2% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CUSTERS itself is higher: 2.4% within 12 months. It rests on far more data about CUSTERS than the profile alone.
Test of the method
The method was tested on the 497,445 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 14,766 companies, not a prediction for CUSTERS. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €674 | €674 | €674 | €674 | €674 | €674 | €674 | = |
| Other operating charges640/8 | - | - | - | €15,713 | €769 | €20,274 | €27,776 | ▲ 37.0% |
| Gross operating margin9900 | -€986 | €130,308 | €34,193 | €51,361 | -€144 | €19,524 | €46,853 | ▲ 140% |
| Operating profit (loss)9901 | -€2,223 | €128,971 | €32,856 | €34,974 | -€1,587 | -€1,423 | €18,404 | - |
| Recurring financial income75 | €0 | €0 | €0 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €469 | €24 | €785 | €7,975 | ▲ 916% |
| Recurring financial charges65 | €71 | €53 | €83 | €469 | €24 | €785 | €7,975 | ▲ 916% |
| Profit (loss) for the period before taxes9903 | -€2,294 | €128,918 | €32,773 | €34,505 | -€1,611 | -€2,208 | €10,429 | - |
| Income taxes67/77 | €0 | €7,407 | €10,838 | €10,979 | €775 | -€122 | €3,015 | - |
| Profit (loss) for the period9904 | -€2,294 | €121,511 | €21,935 | €23,526 | -€2,387 | -€2,086 | €7,414 | - |
| Transfer from tax-exempt reserves789 | - | - | - | - | €4,830 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,294 | €121,511 | €21,935 | €23,526 | €2,443 | -€2,086 | €7,414 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.4m | €0.5m | €0.5m | €0.8m | €0.8m | €1.1m | €1.2m | ▲ 9.9% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 4.2% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 4.2% |
| Land and buildings22 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 4.2% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - |
| Current assets29/58 | €0.4m | €0.5m | €0.5m | €0.8m | €0.8m | €1.1m | €1.2m | ▲ 10.1% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €0.3m | €0.2m | €0.09m | ▼ 54.3% |
| Trade receivables290 | - | - | - | €0.3m | €0.3m | €0.2m | - | - |
| Other amounts receivable291 | - | - | - | - | - | - | €0.09m | - |
| Stocks and contracts in progress3 | €0.4m | €0.2m | €0.2m | €0.5m | €0.5m | €0.9m | €1.1m | ▲ 22.3% |
| Stocks30/36 | - | - | - | €0.5m | €0.5m | €0.9m | €1.1m | ▲ 22.3% |
| Amounts receivable within one year40/41 | - | - | - | €0.002m | €0.002m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.002m | €0.002m | - | - | - |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.003m | €0.001m | €0.002m | €0.004m | €0.004m | €0.002m | €0.01m | ▲ 407% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.4m | €0.5m | €0.5m | €0.8m | €0.8m | €1.1m | €1.2m | ▲ 9.9% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 1.4% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €0.008m | €0.07m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 6.8% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | ▲ 4.3% |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | ▲ 4.3% |
| Tax-exempt reserves132 | - | - | - | €0.005m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 7.0% |
| Profit (loss) carried forward14 | -€0.06m | €0 | €0 | - | €0.002m | €223 | €0 | ▼ 100% |
| Amounts payable17/49 | €0.01m | €0.01m | €0.02m | €0.3m | €0.3m | €0.6m | €0.7m | ▲ 17.7% |
| Amounts payable after more than one year17 | €0.006m | - | - | - | - | - | €0.7m | - |
| Other amounts payable178/9 | - | - | - | - | - | - | €0.7m | - |
| Amounts payable within one year42/48 | €0.004m | €0.01m | €0.02m | €0.3m | €0.3m | €0.6m | €0.004m | ▼ 99.4% |
| Financial debts43 | - | - | - | €0.3m | €0.3m | €0.6m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | €0.3m | €0.3m | €0.6m | €0 | ▼ 100% |
| Trade debts44 | €188 | €0.004m | €0.003m | €0.004m | €0.002m | €0.005m | €0.001m | ▼ 87.8% |
| Suppliers440/4 | - | - | - | €0.004m | €0.002m | €0.005m | €0.001m | ▼ 87.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.001m | - | €0.003m | - |
| Taxes450/3 | - | - | - | €0.01m | €0.001m | - | €0.003m | - |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.02m | €0.005m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €445 | - | €0.002m | €0.002m | ▼ 13.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,294 | €121,511 | €21,935 | €23,526 | -€2,387 | -€2,086 | €7,414 | - |
| + Depreciation and write-downs630 | €674 | €674 | €674 | €674 | €674 | €674 | €674 | = |
| Operating cash flow (approximation) | -€1,620 | €122,185 | €22,609 | €24,200 | -€1,713 | -€1,412 | €8,088 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,426 | €892 | €2,012 | -€747 | -€1,662 | €7,971 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 27-08-2025 | 2025-00476919 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00451343 | |
| 31-12-2022 | abbreviated format | 30-08-2023 | 2023-00382035 | |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20427234 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-65400422 | |
| 31-12-2019 | micro format | 28-10-2020 | 2020-64000547 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-53200386 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-54900342 | |
| 31-12-2016 | abbreviated format | 28-08-2017 | 2017-48100191 | |
| 31-12-2015 | abbreviated format | 19-08-2016 | 2016-43700082 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 2
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| CUSTERS Raf |
|
| CUSTERS Veerle |
|
The board according to the articles of association
Board and representation
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “statuten die verwijzen naar de raad van bestuur mogen dan gelezen worden als verwijzend naar de enige bestuurder. INTERN BESTUUR De raad van…”
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Minimum aantal door wet voorgeschreven, mandaat elke bestuurder te allen tijde zonder opgave redenen met onmiddellijke ingang beëindigbaar”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluit algemene vergadering beraadslagend zoals inzake statutenwijziging”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Bij gebrek benoeming vereffening door toen in functie zijnd bestuursorgaan als college van vereffenaar, goederen nog in natura aanwezig…”
Articles of association, deed of 28-11-2023
Owners and capital
Capital transactions
- 28-11-2023 Capital stated in the deed · €422,250 · 851 shares
Other provisions of the articles of association
- Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
- “Intern bestuur, alle handelingen nodig of dienstig tot verwezenlijking voorwerp”“Dagelijks bestuur, raad kan hen op elk ogenblik ontslaan”“Controle-benoeming, controle financiële toestand,jaarrekening en regelmatigheid daarin weer te geven verrichtingen”“Toegang algemene vergadering, ingeschreven in register effecten op naam met betrekking tot categorie”“Vertegenwoordiging op algemene vergadering en stemming in plaats, schriftelijke volmacht”“Elke aandeelhouder per brief, stemming per brief”“Algemene vergadering kan niet beraadslagen over onderwerpen niet in agenda vermeld, beraadslaging”“Schriftelijke algemene vergadering-datering jaarvergadering, gedateerde en door alle bestuurders ondertekende verklaring dat besluit ten…”“Één of meerdere goedgekeurde voorstellen, schriftelijke algemene vergadering-datering bijzondere algemene vergadering”“Elektronische algemene vergadering-deelname op afstand, door vennootschap ter beschikking gesteld elektronisch communicatiemiddel”“Besluitvorming gewone, bijzondere en buitengewone algemene vergadering, wettelijke en statutaire bepalingen aandelen zonder stemrecht”“Regeling door jaarvergadering bij gewone meerderheid op voorstel bestuursorgaan, bestemming winst reserve uitkering dividenden…”6 more provisions in the deed, see the deed of 28-11-2023
Articles of association, deed of 28-11-2023 (in Dutch)
Group and network
Connections & network
5 connected companiesShow 1 more companies with a shared director
History
Acts, filings and financial milestones
26-11
Gazette deed
Registered officeRegistered-office move2 points ▸
- Board meeting, 19-09-2024
- Registered-office move, Brugstraat 32,3960 Bree
28-11
Gazette deed
Resignations: CUSTERS Raf (director) and CUSTERS Veerle (director)Reappointments: CUSTERS Raf (director) and CUSTERS Veerle (director) · Appointment: CUSTERS Raf (voorzitter raad van bestuur) · Amendment of the articles16 points ▸
- General meeting, 26-10-2023
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “kennisname bijzonder verslag bestuursorgaan over aanpassing voorwerp, kopie met uitgifte elektronisch neer te leggen ter griffie Ondernemingsrechtbank Antwerpen…” (deed in Dutch)
- Purpose change
- Capital, €422,250
- Director resignation, CUSTERS Raf (director (not named in the articles))
- Director reappointment, CUSTERS Raf (director (not named in the articles))
- Director resignation, CUSTERS Veerle (director (not named in the articles))
- Director reappointment, CUSTERS Veerle (director (not named in the articles))
- Board meeting, “eenparigheid van stemmen, opschorting algemene vergadering” (deed in Dutch)
- Director resignation, CUSTERS Raf (managing director)
- Director reappointment, CUSTERS Raf (managing director)
- The act holds 4 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72004B1184/00Z000 | Flanders | 1,931 m² | 1 · 208 m² | - |