CUSTOM DISTILLERY
ActiveSummary
The computed 12-month bankruptcy probability of CUSTOM DISTILLERY is 1.9% (moderate). The 2025 annual accounts show negative equity (-€10,371) and a net result of -€1,756. Equity is shrinking by ~50.3% per year across the filed fiscal years. Its solvency ranks better than 28% of 309 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability64▲+59
Solvency3▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 0.77 in 2024; short-term debt: 115.4% and cash: 5.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-21.6%
Return on assets
-3.7%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 11
Relative position
BE, all sectors
reference
Manufacture of beverages (NACE 11)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€10,371
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
19 d late
2024
35 d early
2023
9 d early
2022
48 d early
2021
38 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 22 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€10,371▼ 20.4%
2024 · -€8,615
Total assets
€47,968▼ 17.3%
2024 · €57,990
Net result
-€1,756▲ 72.6%
2024 · -€6,419
Working capital
-€15,492▼ 15.2%
2024 · -€13,447
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,339-€4,611▲ 244%-€9,901-€5,737▲ 42.1%-€1,139▲ 80.1%
Net result-€310within the sector's middle half-€3,783within the sector's middle half-€10,669within the sector's middle half-€6,419within the sector's middle half▲ 39.8%-€1,756within the sector's middle half▲ 72.6%
Equity€4,690within the sector's middle half-€8,473within the sector's middle half▲ 80.7%-€2,196within the sector's middle half-€8,615within the sector's middle half▼ 292%-€10,371within the sector's middle half▼ 20.4%
Total assets€40,917below the sector's middle half-€77,787within the sector's middle half▲ 90.1%€60,319within the sector's middle half▼ 22.5%€57,990within the sector's middle half▼ 3.9%€47,968within the sector's middle half▼ 17.3%
Debt€36,227-€69,314▲ 91.3%€62,515▼ 9.8%€66,605▲ 6.5%€58,339▼ 12.4%
Working capital€13,342within the sector's middle half-€2,696within the sector's middle half▼ 79.8%-€6,976within the sector's middle half-€13,447within the sector's middle half▼ 92.8%-€15,492within the sector's middle half▼ 15.2%
Solvency11.5%within the sector's middle half-10.9%within the sector's middle half▼ 0.6pp-3.6%within the sector's middle half▼ 14.5pp-14.9%within the sector's middle half▼ 11.2pp-21.6%within the sector's middle half▼ 6.8pp
Current ratio1.48within the sector's middle half-1.05within the sector's middle half▼ 0.430.86within the sector's middle half▼ 0.190.77within the sector's middle half▼ 0.090.72within the sector's middle half▼ 0.05
Return on assets (ROA)-0.8%within the sector's middle half-4.9%within the sector's middle half▲ 5.6pp-17.7%within the sector's middle half▼ 22.6pp-11.1%within the sector's middle half▲ 6.6pp-3.7%within the sector's middle half▲ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 11, Manufacture of beverages, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,139 in 2025 against €5,737 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,968
Fixed assets
€8,095 ▼ 36.7%
Current assets
€39,873 ▼ 11.8%
Key figures and ratios
EBITDA
€3,661▲
2024 · -€937
Cash flow
€3,044▲
2024 · -€1,619
Quick ratio
0.07▼
2024 · 0.09
Debt to equity
-5.63▲
2024 · -7.73
Interest coverage
8.51▲
2024 · -1.68
Debt ≤ 1 year
€55,365▼
2024 · €58,642
Debt > 1 year
€2,975▼
2024 · €7,963
Income taxes
€188▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
5.1%
went bankrupt
5.4%
stopped otherwise
89%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,564 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1,988 | €4,800 | €4,800 | €4,800 | = |
| Other operating charges640/8 | €847 | €213 | €365 | €890 | €1,047 | ▲ 17.7% |
| Gross operating margin9900 | €2,185 | €6,812 | -€4,736 | -€47 | €4,708 | ▲ 10,086% |
| Operating profit (loss)9901 | €1,339 | €4,611 | -€9,901 | -€5,737 | -€1,139 | ▲ 80.1% |
| Financial income75/76B | €1 | €0 | - | €3 | €1 | ▼ 46.7% |
| Recurring financial income75 | €1 | €0 | - | €3 | €1 | ▼ 46.7% |
| Financial charges65/66B | €910 | €828 | €769 | €557 | €430 | ▼ 22.7% |
| Recurring financial charges65 | €910 | €828 | €769 | €557 | €430 | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | €430 | €3,783 | -€10,669 | -€6,291 | -€1,568 | ▲ 75.1% |
| Income taxes67/77 | €740 | - | - | €128 | €188 | ▲ 46.6% |
| Profit (loss) for the period9904 | -€310 | €3,783 | -€10,669 | -€6,419 | -€1,756 | ▲ 72.6% |
| Profit (loss) for the period to be appropriated9905 | -€310 | €3,783 | -€10,669 | -€6,419 | -€1,756 | ▲ 72.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40,917 | €77,787 | €60,319 | €57,990 | €47,968 | ▼ 17.3% |
| Fixed assets21/28 | - | €23,312 | €17,595 | €12,795 | €8,095 | ▼ 36.7% |
| Tangible fixed assets22/27 | - | €23,312 | €17,595 | €12,795 | €7,995 | ▼ 37.5% |
| Furniture and vehicles24 | - | €23,312 | €17,595 | €12,795 | €7,995 | ▼ 37.5% |
| Financial fixed assets28 | - | - | - | - | €100 | - |
| Current assets29/58 | €40,917 | €54,475 | €42,724 | €45,195 | €39,873 | ▼ 11.8% |
| Stocks and contracts in progress3 | €30,481 | €37,624 | €37,006 | €40,161 | €35,890 | ▼ 10.6% |
| Stocks30/36 | €30,481 | €37,624 | €37,006 | €40,161 | €35,890 | ▼ 10.6% |
| Amounts receivable within one year40/41 | €8,104 | €6,550 | €2,719 | €598 | €654 | ▲ 9.4% |
| Trade receivables40 | €5,405 | €5,139 | €2,571 | €0 | €480 | - |
| Other amounts receivable41 | €2,700 | €1,411 | €148 | €598 | €174 | ▼ 70.8% |
| Cash at bank and in hand54/58 | €2,332 | €10,301 | €2,999 | €4,436 | €2,847 | ▼ 35.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €482 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40,917 | €77,787 | €60,319 | €57,990 | €47,968 | ▼ 17.3% |
| Equity10/15 | €4,690 | €8,473 | -€2,196 | -€8,615 | -€10,371 | ▼ 20.4% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€310 | €3,473 | -€7,196 | -€13,615 | -€15,371 | ▼ 12.9% |
| Amounts payable17/49 | €36,227 | €69,314 | €62,515 | €66,605 | €58,339 | ▼ 12.4% |
| Amounts payable after more than one year17 | €8,635 | €17,535 | €12,815 | €7,963 | €2,975 | ▼ 62.6% |
| Financial debts170/4 | €8,635 | €17,535 | €12,815 | €7,963 | €2,975 | ▼ 62.6% |
| Amounts payable within one year42/48 | €27,575 | €51,779 | €49,700 | €58,642 | €55,365 | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | €8,330 | €13,226 | €4,719 | €4,852 | €4,989 | ▲ 2.8% |
| Trade debts44 | €2,000 | €4,526 | €678 | €8,671 | €4,056 | ▼ 53.2% |
| Suppliers440/4 | - | €4,526 | €678 | €8,671 | €4,056 | ▼ 53.2% |
| Bills of exchange payable441 | €2,000 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €740 | €740 | €188 | €428 | €1,558 | ▲ 264% |
| Taxes450/3 | €740 | €740 | €188 | €428 | €1,558 | ▲ 264% |
| Other amounts payable47/48 | €16,505 | €33,288 | €44,114 | €44,691 | €44,762 | ▲ 0.2% |
| Accrued charges and deferred income492/3 | €16 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€310 | €3,783 | -€10,669 | -€6,419 | -€1,756 | ▲ 72.6% |
| + Depreciation and write-downs630 | - | €1,988 | €4,800 | €4,800 | €4,800 | = |
| Operating cash flow (approximation) | -€310 | €5,771 | -€5,869 | -€1,619 | €3,044 | ▲ 288% |
| Investment in fixed assets (approximation) | - | - | €917 | €0 | -€100 | - |
| Change in cash | - | €7,969 | -€7,302 | €1,437 | -€1,589 | ▼ 211% |
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
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,669
Net result drops to -€10,669, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €3,783
Net result €3,783 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Erquelinnes · 1 establishment unit since 2020
Ground area
384 m²
Building footprint
103 m²
Volume, LiDAR
521 m³
Parcel 56007A0533/00D000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CUSTOM DISTILLERY
since 20202.307.609.412
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56007A0533/00D000 | Wallonia | 384 m² | 1 · 103 m² | 6.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteErquelinnes2.307.609.412
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Of 274 companies in sector 11010 we hold annual accounts for 121. 66 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
Founded21-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
11010Manufacture of beverages
11070Manufacture of beverages
E-invoicing
Reachable via Peppol
Peppol ID
0208:0754672569
Also
9925:BE0754672569
Registered
09-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.