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CUSTOM SERVICES

Active
Private limited company (pre-2019)founded 2013active for 13 yearsMarsveldplein 5/14, 1050 Elsene, Belgium397 active companies are registered at this addressKBO/BCE: BE 0540.604.457

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

CUSTOM SERVICES has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,877 and a net result of €11,302. Equity has been shrinking by about 8.8% per year since 2018. Its solvency ranks better than 48% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00459611.

Latest annual accounts filed

Annual accounts 2025

View at the NBB
Financial year ended
31-12-2025
Filed on
31-08-2026
Format
micro format
Reference
2026-00459611
Turnover
≈ €210,000
Estimated: probably between €120,000 and €410,000
Total assets
€84,230▲ 109%
2024 · €40,247
Net result
€11,302▲ 844%
2024 · €1,197
Working capital
€21,963▼ 11.3%
2024 · €24,767
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is nearly 6.4 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result€18,963 2025 Net result€11,302 2025

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€10,739-€729€14,844▲ 20×-€13,613-€5,006▲ 63.2%€2,983€18,963▲ 536%
Net result€1,648-€2,170within the sector's middle half€11,968within the sector's middle half▲ 452%-€17,400below the sector's middle half-€7,007below the sector's middle half▲ 59.7%€1,197within the sector's middle half€11,302within the sector's middle half▲ 844%
Equity€47,541-€47,541=€37,816within the sector's middle half▼ 20.5%€49,785within the sector's middle half▲ 31.6%€32,385within the sector's middle half▼ 35.0%€25,378within the sector's middle half▼ 21.6%€26,575within the sector's middle half▲ 4.7%€37,877within the sector's middle half▲ 42.5%
Total assets€55,001-€55,001=€71,921within the sector's middle half▲ 30.8%€71,594within the sector's middle half▼ 0.5%€73,240within the sector's middle half▲ 2.3%€38,387below the sector's middle half▼ 47.6%€40,247below the sector's middle half▲ 4.8%€84,230within the sector's middle half▲ 109%
Debt€7,460-€7,460=€34,105▲ 357%€21,809▼ 36.1%€40,855▲ 87.3%€13,009▼ 68.2%€13,672▲ 5.1%€46,353▲ 239%
Working capital€46,341-€46,341=€36,616within the sector's middle half▼ 21.0%€48,585within the sector's middle half▲ 32.7%€31,185within the sector's middle half▼ 35.8%€23,163within the sector's middle half▼ 25.7%€24,767within the sector's middle half▲ 6.9%€21,963within the sector's middle half▼ 11.3%
Solvency86.4%-86.4%=52.6%within the sector's middle half▼ 33.9pp69.5%above the sector's middle half▲ 17.0pp44.2%within the sector's middle half▼ 25.3pp66.1%within the sector's middle half▲ 21.9pp66.0%within the sector's middle half▼ 0.1pp45.0%within the sector's middle half▼ 21.1pp
Current ratio7.21-7.21=2.07within the sector's middle half▼ 5.143.23above the sector's middle half▲ 1.151.76within the sector's middle half▼ 1.462.78within the sector's middle half▲ 1.022.81within the sector's middle half▲ 0.031.47within the sector's middle half▼ 1.34
Return on assets (ROA)3.0%-3.0%within the sector's middle half16.7%within the sector's middle half▲ 13.7pp-23.8%below the sector's middle half▼ 40.5pp-18.3%below the sector's middle half▲ 5.5pp3.0%within the sector's middle half▲ 21.2pp13.4%within the sector's middle half▲ 10.4pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84,230
Fixed assets €15,914 ▲ 780%
Current assets €68,316 ▲ 77.7%
Equity and liabilities €84,230
Equity €37,877 ▲ 42.5%
Debt €46,353 ▲ 239%
Debt's share of the balance-sheet total rises from 34.0% to 55.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20,064▲
2024 · €3,389
Cash flow
€12,403▲
2024 · €1,603
Debt to equity
1.22▲
2024 · 0.51
ROE
29.8%▲
2024 · 4.5%
Interest coverage
16.37▲
2024 · 1.86
Debt ≤ 1 year
€46,353▲
2024 · €13,672
Income taxes
€7,809▲
2024 · €721
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as CUSTOM SERVICES has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

The bankruptcy probability of CUSTOM SERVICES itself is higher: 1.0% within 12 months. It rests on far more data about CUSTOM SERVICES 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 34,693 companies, not a prediction for CUSTOM SERVICES. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€40,247€84,230▲
Fixed assets21/28€1,808€15,914▲
Tangible fixed assets22/27€608€14,714▲
Furniture and vehicles24€608€14,714▲
Financial fixed assets28€1,200€1,200=
Current assets29/58€38,439€68,316▲
Amounts receivable within one year40/41€36,419€66,134▲
Trade receivables40€17,247€20,746▲
Other amounts receivable41€19,172€45,388▲
Cash at bank and in hand54/58€2,019€1,852▼
Deferred charges and accrued income490/1€0€330▲
Equity and liabilities
Total equity and liabilities10/49€40,247€84,230▲
Equity10/15€26,575€37,877▲
Contributions10/11€6,200€6,200=
Reserves13€342€18,524▲
Non-distributable reserves130/1€342€342=
Reserves not available under the articles1311€342€342=
Distributable reserves133-€18,182
Profit (loss) carried forward14€20,033€13,153▼
Amounts payable17/49€13,672€46,353▲
Amounts payable within one year42/48€13,672€46,353▲
Current portion of amounts payable after more than one year42€1,874€11,199▲
Trade debts44€10,266€25,230▲
Suppliers440/4€10,266€25,230▲
Taxes, remuneration and social security45€1,522€9,924▲
Taxes450/3€1,522€9,924▲
Other amounts payable47/48€10-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€407€1,101▲
Other operating charges640/8€904€595▼
Gross operating margin9900€4,293€20,659▲
Operating profit (loss)9901€2,983€18,963▲
Financial income75/76B€759€1,374▲
Recurring financial income75€759€1,374▲
Financial charges65/66B€1,824€1,226▼
Recurring financial charges65€1,824€1,226▼
Profit (loss) for the period before taxes9903€1,918€19,111▲
Income taxes67/77€721€7,809▲
Profit (loss) for the period9904€1,197€11,302▲
Profit (loss) for the period to be appropriated9905€1,197€11,302▲
Appropriation of the result
Profit (loss) to be appropriated9906€20,033€31,335▲
Profit (loss) brought forward from the previous period14P€18,836€20,033▲
Transfer to equity691/2-€18,182
To other reserves6921-€18,182

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-----€205€407€1,101▲ 171%
Other operating charges640/8-----€1,926€904€595▼ 34.1%
Gross operating margin9900€15,802-€729€14,844-€13,613-€2,875€4,293€20,659▲ 381%
Operating profit (loss)9901€10,739-€729€14,844-€13,613-€5,006€2,983€18,963▲ 536%
Financial income75/76B---€3,621-€1,478€759€1,374▲ 81.0%
Recurring financial income75--€2,928€3,621-€1,478€759€1,374▲ 81.0%
Financial charges65/66B---€978€3,787€1,900€1,824€1,226▼ 32.8%
Recurring financial charges65€416-€1,487€978€3,787€1,900€1,824€1,226▼ 32.8%
Profit (loss) for the period before taxes9903€10,323-€2,170€17,487-€17,400-€5,428€1,918€19,111▲ 896%
Income taxes67/77€8,675--€5,519-€1,579€721€7,809▲ 983%
Profit (loss) for the period9904€1,648-€2,170€11,968-€17,400-€7,007€1,197€11,302▲ 844%
Profit (loss) for the period to be appropriated9905€1,648-€2,170€11,968-€17,400-€7,007€1,197€11,302▲ 844%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€55,001€55,001€71,921€71,594€73,240€38,387€40,247€84,230▲ 109%
Fixed assets21/28€1,200€1,200€1,200€1,200€1,200€2,215€1,808€15,914▲ 780%
Tangible fixed assets22/27-----€1,015€608€14,714▲ 24×
Furniture and vehicles24-----€1,015€608€14,714▲ 24×
Financial fixed assets28€1,200€1,200€1,200€1,200€1,200€1,200€1,200€1,200=
Current assets29/58€53,801€53,801€70,721€70,394€72,040€36,172€38,439€68,316▲ 77.7%
Amounts receivable within one year40/41€52,941€52,941€67,706€70,394€70,248€34,512€36,419€66,134▲ 81.6%
Trade receivables40----€9,787€13,807€17,247€20,746▲ 20.3%
Other amounts receivable41---€70,394€60,461€20,705€19,172€45,388▲ 137%
Cash at bank and in hand54/58€860€860€3,016-€1,792€175€2,019€1,852▼ 8.3%
Deferred charges and accrued income490/1-----€1,485€0€330-
Equity and liabilities
Total equity and liabilities10/49€55,001€55,001€71,921€71,594€73,240€38,387€40,247€84,230▲ 109%
Equity10/15€47,541€47,541€37,816€49,785€32,385€25,378€26,575€37,877▲ 42.5%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€342€342€342€342€342€342€342€18,524▲ 54×
Non-distributable reserves130/1---€342€342€342€342€342=
Reserves not available under the articles1311---€342€342€342€342€342=
Distributable reserves133-------€18,182-
Profit (loss) carried forward14€40,999€40,999€31,275€43,243€25,843€18,836€20,033€13,153▼ 34.3%
Amounts payable17/49€7,460€7,460€34,105€21,809€40,855€13,009€13,672€46,353▲ 239%
Amounts payable within one year42/48€7,460€7,460€34,105€21,809€40,855€13,009€13,672€46,353▲ 239%
Current portion of amounts payable after more than one year42---€1,930€1,932€1,901€1,874€11,199▲ 497%
Financial debts43---€500-----
Credit institutions430/8---€500-----
Trade debts44€841€841€23,012€1,480€6,119€7,440€10,266€25,230▲ 146%
Suppliers440/4---€1,480€6,119€7,440€10,266€25,230▲ 146%
Advances received on contracts in progress46----€19,287€0---
Taxes, remuneration and social security45---€17,899€13,517€3,658€1,522€9,924▲ 552%
Taxes450/3---€17,899€13,517€3,658€1,522€9,924▲ 552%
Other amounts payable47/48-----€10€10--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€1,648-€2,170€11,968-€17,400-€7,007€1,197€11,302▲ 844%
+ Depreciation and write-downs630-----€205€407€1,101▲ 171%
Operating cash flow (approximation)€1,648-€2,170€11,968-€17,400-€6,802€1,603€12,403▲ 674%
Investment in fixed assets (approximation)-€0€0€0€0-€1,220€0-€15,207-
Change in cash-€0€2,156---€1,617€1,845-€167-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 31-08-2026 2026-00459611 NBB
31-12-2024 micro format 28-08-2025 2025-00417123 PDF
31-12-2023 micro format 30-08-2024 2024-00408698 PDF
31-12-2022 micro format 30-08-2023 2023-00375121 PDF
31-12-2021 micro format 30-08-2022 2022-20347276 PDF
31-12-2020 micro format 30-09-2021 2021-69200196 PDF
31-12-2019 micro format 30-10-2020 2020-67000133 PDF
31-12-2018 micro format 30-08-2019 2019-61200017 PDF
31-12-2017 micro format 31-08-2018 2018-61400035 PDF
31-12-2016 full format 29-09-2017 2017-65000329 PDF

Show all 12 filings

Comparable companies

These companies have the same main activity as CUSTOM SERVICES: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €70,600 and €91,000, founded between 2011 and 2015.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFinancial year
CUSTOM SERVICES Elsene2013€84,230€37,877€20,659-€11,3022025
ANTO CONSTRUCT Anderlecht2015€82,586€61,223€19,337€63,108€14,8152026
VnM Projects Rotselaar2015€90,979€9,915€18,363-€15,8662025
XXL Zoersel2014€70,592€26,051€22,031-€7,6802025
NUH Gent2014€83,665€52,309€15,932-€8,3482025
J.A.M. CONSTRUCT Sint-Pieters-Woluwe2011€87,977€27,252€17,840-€10,1962025
Axim Services Company Brussel2012€74,785€3,670€15,437-€13,2532025

They were chosen from the 2,275 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.