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Customade

Active
Private limited companyfounded 2015active for 11 yearsRue de Sart(TSL) 14, 1457 Walhain, BelgiumKBO/BCE: BE 0627.725.503
Summary

Customade has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,424 and a net result of €17,757. Equity is growing by about 9.8% per year across the filed financial years. Its solvency ranks better than 27% of 2,465 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (11 days) Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395060.

Equity
€55,424▼ 43.9%
2024 · €98,848
Total assets
€305,565▲ 4.2%
2024 · €293,332
Net result
€17,757▲ 7.0%
2024 · €16,596
Working capital
€6,202▼ 88.6%
2024 · €54,265
Trend over the years

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

The operating result falls in 2025; 2025 is 14% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,926 2025 Net result€17,757 2025

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

Sector: the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€3,906-€4,159▲ 6.5%-€8,823€5,165€14,263▲ 176%-€4,223€23,168€19,926▼ 14.0%
Net result€2,902-€1,818▼ 37.4%€6,219within the sector's middle half▲ 242%€51,387above the sector's middle half▲ 726%€7,715within the sector's middle half▼ 85.0%-€6,138below the sector's middle half€16,596within the sector's middle half€17,757within the sector's middle half▲ 7.0%
Equity€27,251-€29,069▲ 6.7%€35,288within the sector's middle half▲ 21.4%€86,674within the sector's middle half▲ 146%€94,389within the sector's middle half▲ 8.9%€88,251within the sector's middle half▼ 6.5%€98,848within the sector's middle half▲ 12.0%€55,424within the sector's middle half▼ 43.9%
Total assets€98,359-€90,966▼ 7.5%€84,261within the sector's middle half▼ 7.4%€130,990within the sector's middle half▲ 55.5%€173,796within the sector's middle half▲ 32.7%€190,383within the sector's middle half▲ 9.5%€293,332above the sector's middle half▲ 54.1%€305,565above the sector's middle half▲ 4.2%
Debt€71,108-€61,897▼ 13.0%€48,973▼ 20.9%€44,316▼ 9.5%€79,407▲ 79.2%€102,131▲ 28.6%€194,484▲ 90.4%€250,141▲ 28.6%
Working capital€13,644-€18,623▲ 36.5%€31,248within the sector's middle half▲ 67.8%€82,140above the sector's middle half▲ 163%€86,097above the sector's middle half▲ 4.8%€37,224within the sector's middle half▼ 56.8%€54,265within the sector's middle half▲ 45.8%€6,202within the sector's middle half▼ 88.6%
Solvency27.7%-32.0%▲ 4.3pp41.9%within the sector's middle half▲ 9.9pp66.2%within the sector's middle half▲ 24.3pp54.3%within the sector's middle half▼ 11.9pp46.4%within the sector's middle half▼ 8.0pp33.7%within the sector's middle half▼ 12.7pp18.1%within the sector's middle half▼ 15.6pp
Current ratio1.24-1.34▲ 0.101.70within the sector's middle half▲ 0.362.85within the sector's middle half▲ 1.152.08within the sector's middle half▼ 0.771.36within the sector's middle half▼ 0.721.28within the sector's middle half▼ 0.091.03within the sector's middle half▼ 0.25
Return on assets (ROA)3.0%-2.0%▼ 1.0pp7.4%within the sector's middle half▲ 5.4pp39.2%above the sector's middle half▲ 31.8pp4.4%within the sector's middle half▼ 34.8pp-3.2%within the sector's middle half▼ 7.7pp5.7%within the sector's middle half▲ 8.9pp5.8%within the sector's middle half▲ 0.2pp
Staff (FTE)1.7-1▼ 41.2%1within the sector's middle half=1=1=1=1=1=
above within below the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305,565
Fixed assets €72,825 ▲ 63.3%
Current assets €232,741 ▼ 6.4%
Equity and liabilities €305,565
Equity €55,424 ▼ 43.9%
Debt €250,141 ▲ 28.6%
Debt's share of the balance-sheet total rises from 66.3% to 81.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€27,808▼
2024 · €29,563
Cash flow
€25,639▲
2024 · €22,991
Debt to equity
4.51▲
2024 · 1.97
ROE
32.0%▲
2024 · 16.8%
Interest coverage
4.52▼
2024 · 5.26
Debt ≤ 1 year
€226,539▲
2024 · €194,484
Debt > 1 year
€23,602
Income taxes
€5,832▲
2024 · €5,677
Staff costs
€56,192▲
2024 · €52,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
95.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,053 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€293,332€305,565▲
Fixed assets21/28€44,583€72,825▲
Tangible fixed assets22/27€44,583€72,825▲
Plant, machinery and equipment23-€288
Furniture and vehicles24€44,583€72,536▲
Financial fixed assets28€0-
Current assets29/58€248,749€232,741▼
Amounts receivable within one year40/41€60,364€33,428▼
Trade receivables40€16,630€33,260▲
Other amounts receivable41€43,735€168▼
Current investments50/53€66,050€153,121▲
Cash at bank and in hand54/58€118,465€42,255▼
Deferred charges and accrued income490/1€3,869€3,937▲
Equity and liabilities
Total equity and liabilities10/49€293,332€305,565▲
Equity10/15€98,848€55,424▼
Contributions10/11€18,600€18,600=
Reserves13€53,000€53,000=
Distributable reserves133€53,000€53,000=
Profit (loss) carried forward14€27,248-€16,176▼
Amounts payable17/49€194,484€250,141▲
Amounts payable after more than one year17-€23,602
Financial debts170/4-€23,602
Amounts payable within one year42/48€194,484€226,539▲
Current portion of amounts payable after more than one year42-€5,867
Trade debts44€6,413€6,675▲
Suppliers440/4€6,413€6,675▲
Taxes, remuneration and social security45€37,314€17,684▼
Taxes450/3€15,928€10,854▼
Remuneration and social security454/9€21,386€6,830▼
Other amounts payable47/48€150,757€196,313▲
Income statement Code20242025
Remuneration, social security and pensions62€52,855€56,192▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,395€7,882▲
Other operating charges640/8€1,327€1,509▲
Gross operating margin9900€83,744€85,509▲
Operating profit (loss)9901€23,168€19,926▼
Financial income75/76B€4,726€9,809▲
Recurring financial income75€4,726€9,809▲
Financial charges65/66B€5,621€6,146▲
Recurring financial charges65€5,621€6,146▲
Profit (loss) for the period before taxes9903€22,273€23,589▲
Income taxes67/77€5,677€5,832▲
Profit (loss) for the period9904€16,596€17,757▲
Profit (loss) for the period to be appropriated9905€16,596€17,757▲
Appropriation of the result
Profit (loss) to be appropriated9906€33,248€43,824▲
Profit (loss) brought forward from the previous period14P€16,651€26,067▲
Profit to be distributed694/7€6,000€60,000▲
Return on contributions (dividend)694€6,000€60,000▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€37,503€37,360€41,454€52,855€56,192▲ 6.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,415€10,870€9,812€3,827€8,569€12,260€6,395€7,882▲ 23.3%
Other operating charges640/8---€784€1,624€1,454€1,327€1,509▲ 13.8%
Non-recurring operating charges66A---€0-----
Gross operating margin9900€62,877€49,989€21,693€47,279€61,817€50,944€83,744€85,509▲ 2.1%
Operating profit (loss)9901€3,906€4,159-€8,823€5,165€14,263-€4,223€23,168€19,926▼ 14.0%
Financial income75/76B---€52,212€8€2,119€4,726€9,809▲ 108%
Recurring financial income75€19€532€18,500€52,212€8€2,119€4,726€9,809▲ 108%
Financial charges65/66B---€808€1,332€3,787€5,621€6,146▲ 9.3%
Recurring financial charges65€1,023€940€825€808€1,332€3,787€5,621€6,146▲ 9.3%
Profit (loss) for the period before taxes9903€2,902€3,751€8,852€56,569€12,939-€5,892€22,273€23,589▲ 5.9%
Income taxes67/77-€1,933€2,633€5,183€5,223€246€5,677€5,832▲ 2.7%
Profit (loss) for the period9904€2,902€1,818€6,219€51,387€7,715-€6,138€16,596€17,757▲ 7.0%
Profit (loss) for the period to be appropriated9905€2,902€1,818€6,219€51,387€7,715-€6,138€16,596€17,757▲ 7.0%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€98,359€90,966€84,261€130,990€173,796€190,383€293,332€305,565▲ 4.2%
Fixed assets21/28€28,962€18,172€8,361€4,534€8,293€51,027€44,583€72,825▲ 63.3%
Intangible fixed assets21€2,226€993€0------
Tangible fixed assets22/27€26,686€17,130€8,311€4,484€8,243€50,977€44,583€72,825▲ 63.3%
Plant, machinery and equipment23-------€288-
Furniture and vehicles24---€4,388€8,243€50,977€44,583€72,536▲ 62.7%
Other tangible fixed assets26---€95€0----
Financial fixed assets28€50€50€50€50€50€50€0--
Current assets29/58€69,397€72,793€75,900€126,456€165,503€139,355€248,749€232,741▼ 6.4%
Amounts receivable within one year40/41€62,782€62,886€68,211€57,975€66,743€74,435€60,364€33,428▼ 44.6%
Trade receivables40---€15,793€18,560€24,317€16,630€33,260▲ 100%
Other amounts receivable41---€42,182€48,182€50,118€43,735€168▼ 99.6%
Current investments50/53-----€10,000€66,050€153,121▲ 132%
Cash at bank and in hand54/58€5,466€8,670€7,535€67,217€97,391€53,415€118,465€42,255▼ 64.3%
Deferred charges and accrued income490/1---€1,263€1,370€1,506€3,869€3,937▲ 1.7%
Equity and liabilities
Total equity and liabilities10/49€98,359€90,966€84,261€130,990€173,796€190,383€293,332€305,565▲ 4.2%
Equity10/15€27,251€29,069€35,288€86,674€94,389€88,251€98,848€55,424▼ 43.9%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13---€45,000€53,000€53,000€53,000€53,000=
Distributable reserves133---€45,000€53,000€53,000€53,000€53,000=
Profit (loss) carried forward14€8,651€10,469€16,688€23,074€22,789€16,651€27,248-€16,176-
Amounts payable17/49€71,108€61,897€48,973€44,316€79,407€102,131€194,484€250,141▲ 28.6%
Amounts payable after more than one year17€15,355€7,727€4,321€0---€23,602-
Financial debts170/4---€0---€23,602-
Amounts payable within one year42/48€55,753€54,170€44,652€44,316€79,407€102,131€194,484€226,539▲ 16.5%
Current portion of amounts payable after more than one year42---€0---€5,867-
Trade debts44€5,921€4,990€3,893€8,150€6,059€13,843€6,413€6,675▲ 4.1%
Suppliers440/4---€8,150€6,059€13,843€6,413€6,675▲ 4.1%
Taxes, remuneration and social security45---€16,956€15,636€13,081€37,314€17,684▼ 52.6%
Taxes450/3---€12,912€11,388€7,692€15,928€10,854▼ 31.9%
Remuneration and social security454/9---€4,044€4,248€5,389€21,386€6,830▼ 68.1%
Other amounts payable47/48---€19,209€57,712€75,207€150,757€196,313▲ 30.2%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€2,902€1,818€6,219€51,387€7,715-€6,138€16,596€17,757▲ 7.0%
+ Depreciation and write-downs630€13,415€10,870€9,812€3,827€8,569€12,260€6,395€7,882▲ 23.3%
Operating cash flow (approximation)€16,317€12,688€16,031€55,213€16,285€6,121€22,991€25,639▲ 11.5%
Investment in fixed assets (approximation)--€81€0€0-€12,329-€54,994€50-€36,124-
Change in cash-€3,204-€1,134€59,682€30,173-€43,976€65,051-€76,211-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 11 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 11-08-2026 2026-00395060
31-12-2024 micro format 18-08-2025 2025-00387279
31-12-2023 micro format 28-08-2024 2024-00399384
31-12-2022 micro format 18-08-2023 2023-00338547
31-12-2021 micro format 08-06-2022 2022-20050804
31-12-2020 micro format 15-07-2021 2021-35700321
31-12-2019 micro format 26-06-2020 2020-21100565
31-12-2018 micro format 12-06-2019 2019-18200322
31-12-2017 micro format 24-06-2018 2018-23100360
31-12-2016 micro format 15-06-2017 2017-17700553

Show all 11 filings

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Subsidies and aid

Wallonia-Brussels Federation

2021 · 2 entries · €15,000 in total

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