Custom Cut
ActiveSummary
The computed 12-month bankruptcy probability of Custom Cut is 3.0% (moderate). The 2024 annual accounts show equity of €160,763 and a net result of €72,197. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 6537 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+37
Solvency88▼-12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.23 in 2023; short-term debt: 36.9% and cash: 37.8% of total assets), and 36.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
55 d late
2022
17 d late
2021
12 d early
2020
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€72,197
2023 · -€7,274
Working capital
€63,722▲ 39.4%
2023 · €45,721
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€76,845-€81,510▲ 6.1%-€5,070-€9,156▼ 80.6%€87,767
Net result€61,411within the sector's middle half-€62,349within the sector's middle half▲ 1.5%-€3,919below the sector's middle half-€7,274below the sector's middle half▼ 85.6%€72,197within the sector's middle half
Equity€73,278within the sector's middle half-€133,160within the sector's middle half▲ 81.7%€126,774within the sector's middle half▼ 4.8%€117,033within the sector's middle half▼ 7.7%€160,763within the sector's middle half▲ 37.4%
Total assets€148,653below the sector's middle half-€295,031below the sector's middle half▲ 98.5%€190,429below the sector's middle half▼ 35.5%€154,286below the sector's middle half▼ 19.0%€254,918below the sector's middle half▲ 65.2%
Debt€75,375-€161,871▲ 115%€63,655▼ 60.7%€37,253▼ 41.5%€94,155▲ 153%
Working capital€7,831-€78,919▲ 908%€71,866▼ 8.9%€45,721▼ 36.4%€63,722▲ 39.4%
Solvency49.3%within the sector's middle half-45.1%within the sector's middle half▼ 4.2pp66.6%above the sector's middle half▲ 21.4pp75.9%above the sector's middle half▲ 9.3pp63.1%above the sector's middle half▼ 12.8pp
Staff (FTE)2.2below the sector's middle half2.6within the sector's middle half▲ 18.2%4.1within the sector's middle half▲ 57.7%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €87,767 after a loss of €9,156 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €254,918
Fixed assets
€97,041 ▲ 36.1%
Current assets
€157,877 ▲ 90.3%
Equity and liabilities €254,918
Equity
€160,763 ▲ 37.4%
Debt
€94,155 ▲ 153%
Debt's share of the balance-sheet total rises from 24.1% to 36.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€106,138▲
2023 · €7,089
Cash flow
€90,569▲
2023 · €8,970
Current ratio
1.68▼
2023 · 2.23
Quick ratio
1.63▼
2023 · 2.17
Debt to equity
0.59▲
2023 · 0.32
ROE
44.9%▲
2023 · -6.2%
ROA
28.3%▲
2023 · -4.7%
Interest coverage
92.78▲
2023 · 12.10
Debt ≤ 1 year
€94,155▲
2023 · €37,253
Income taxes
€18,255
Staff costs
€139,764▲
2023 · €76,611
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,964 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €3,767 | - | - |
| Remuneration, social security and pensions62 | - | €11,545 | €59,491 | €76,611 | €139,764 | ▲ 82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,247 | €13,905 | €15,292 | €16,245 | €18,372 | ▲ 13.1% |
| Other operating charges640/8 | - | €484 | €5,583 | €255 | €225 | ▼ 11.9% |
| Non-recurring operating charges66A | - | €441 | - | - | - | - |
| Gross operating margin9900 | €96,873 | €107,884 | €75,296 | €83,955 | €246,127 | ▲ 193% |
| Operating profit (loss)9901 | €76,845 | €81,510 | -€5,070 | -€9,156 | €87,767 | ▲ 1,059% |
| Financial income75/76B | - | €2,516 | €2,616 | €2,467 | €3,830 | ▲ 55.3% |
| Recurring financial income75 | €2,471 | €2,516 | €2,616 | €2,467 | €3,830 | ▲ 55.3% |
| Financial charges65/66B | - | €893 | €1,465 | €586 | €1,144 | ▲ 95.3% |
| Recurring financial charges65 | €1,070 | €893 | €1,465 | €586 | €1,144 | ▲ 95.3% |
| Profit (loss) for the period before taxes9903 | €78,246 | €83,133 | -€3,919 | -€7,274 | €90,452 | ▲ 1,343% |
| Income taxes67/77 | €16,835 | €20,784 | - | - | €18,255 | - |
| Profit (loss) for the period9904 | €61,411 | €62,349 | -€3,919 | -€7,274 | €72,197 | ▲ 1,092% |
| Profit (loss) for the period to be appropriated9905 | €61,411 | €62,349 | -€3,919 | -€7,274 | €72,197 | ▲ 1,092% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €148,653 | €295,031 | €190,429 | €154,286 | €254,918 | ▲ 65.2% |
| Formation expenses20 | €0 | €0 | - | - | €0 | - |
| Fixed assets21/28 | €65,447 | €54,241 | €54,908 | €71,312 | €97,041 | ▲ 36.1% |
| Intangible fixed assets21 | - | €0 | €2,618 | €2,042 | €1,466 | ▼ 28.2% |
| Tangible fixed assets22/27 | €55,642 | €44,144 | €42,397 | €47,052 | €80,957 | ▲ 72.1% |
| Land and buildings22 | - | €16,202 | €14,230 | €14,484 | €16,258 | ▲ 12.2% |
| Plant, machinery and equipment23 | - | €23,249 | €21,403 | €22,418 | €57,711 | ▲ 157% |
| Furniture and vehicles24 | - | €4,692 | €6,764 | €10,150 | €6,989 | ▼ 31.1% |
| Financial fixed assets28 | €9,805 | €10,098 | €9,893 | €22,218 | €14,618 | ▼ 34.2% |
| Current assets29/58 | €83,206 | €240,790 | €135,521 | €82,975 | €157,877 | ▲ 90.3% |
| Stocks and contracts in progress3 | - | - | €3,950 | €2,000 | €4,400 | ▲ 120% |
| Stocks30/36 | - | - | €3,950 | €2,000 | €4,400 | ▲ 120% |
| Amounts receivable within one year40/41 | €66,015 | €200,171 | €87,524 | €44,382 | €54,737 | ▲ 23.3% |
| Trade receivables40 | - | €196,813 | €78,649 | €36,269 | €30,137 | ▼ 16.9% |
| Other amounts receivable41 | - | €3,358 | €8,875 | €8,113 | €24,599 | ▲ 203% |
| Cash at bank and in hand54/58 | €16,910 | €40,082 | €41,357 | €27,464 | €96,400 | ▲ 251% |
| Deferred charges and accrued income490/1 | - | €538 | €2,690 | €9,129 | €2,340 | ▼ 74.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €148,653 | €295,031 | €190,429 | €154,286 | €254,918 | ▲ 65.2% |
| Equity10/15 | €73,278 | €133,160 | €126,774 | €117,033 | €160,763 | ▲ 37.4% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €61,411 | €123,760 | €123,760 | €123,760 | €123,760 | = |
| Distributable reserves133 | - | €123,760 | €123,760 | €123,760 | €123,760 | = |
| Profit (loss) carried forward14 | - | - | -€3,919 | -€11,194 | €35,003 | ▲ 413% |
| Investment grants15 | - | €7,400 | €4,933 | €2,467 | €0 | ▼ 100% |
| Amounts payable17/49 | €75,375 | €161,871 | €63,655 | €37,253 | €94,155 | ▲ 153% |
| Amounts payable within one year42/48 | €75,375 | €161,871 | €63,655 | €37,253 | €94,155 | ▲ 153% |
| Trade debts44 | €56,855 | €104,529 | €25,911 | €20,373 | €18,569 | ▼ 8.9% |
| Suppliers440/4 | - | €104,529 | €25,911 | €20,373 | €18,569 | ▼ 8.9% |
| Advances received on contracts in progress46 | - | €0 | - | - | €20,000 | - |
| Taxes, remuneration and social security45 | - | €54,885 | €37,743 | €16,643 | €29,585 | ▲ 77.8% |
| Taxes450/3 | - | €54,800 | €19,873 | €4,786 | €3,798 | ▼ 20.7% |
| Remuneration and social security454/9 | - | €85 | €17,871 | €11,857 | €25,788 | ▲ 117% |
| Other amounts payable47/48 | - | €2,457 | - | €238 | €26,000 | ▲ 10,843% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,411 | €62,349 | -€3,919 | -€7,274 | €72,197 | ▲ 1,092% |
| + Depreciation and write-downs630 | €14,247 | €13,905 | €15,292 | €16,245 | €18,372 | ▲ 13.1% |
| Operating cash flow (approximation) | €75,658 | €76,254 | €11,372 | €8,970 | €90,569 | ▲ 910% |
| Investment in fixed assets (approximation) | - | -€2,699 | -€15,958 | -€32,649 | -€44,101 | ▼ 35.1% |
| Change in cash | - | €23,172 | €1,276 | -€13,893 | €68,936 | ▲ 596% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Back to profitnet €72,197
Net result €72,197 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €160,763 ▲37.4%
Equity rises from €117,033 to €160,763.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 55 days late
2023
31-12
Financial
Weakest financial yearnet -€7,274
Net result drops to -€7,274, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €133,160 ▲81.7%
2 profitable years in a row build equity to €133,160.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2019
Ground area
1.1 ha
Building footprint
934 m²
Volume, LiDAR
6,521 m³
Parcel 21307E0261/00G000, Brussels · tallest building 32.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Custom Cut
since 20192.296.619.312
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307E0261/00G000 | Brussels | 1.1 ha | 1 · 933 m² | 32.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,718. 1,348 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
47551Retail sale of household furniture
31001Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
95240Repair and maintenance of furniture and upholstery
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736309875
Also
9925:BE0736309875
Registered
28-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.