Custoo
ActiveSummary
The computed 12-month bankruptcy probability of Custoo is 1.7% (moderate). The 2025 annual accounts show negative equity (-€133,128) and a net result of -€81,094. Its solvency ranks better than 10% of 13,741 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-06-2024 Normal situation
- Registered office
- 10 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Wholesale of electrical equipment, including installation materials NACE 46643and 3 others
- Establishment unit
- 2.360.545.379 9160 Lokeren, since 12-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- RAGHENO MARKETING SERVICEDirector · permanent representative RAGHENO Gaetan
- ZERISCODirector · permanent representative VAN DAMME Bruno
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.7%
Annual accounts 2025
- Gross margin
- -€69,210
- ▼ 31.7%
- Loss
- €81,094
- ▲ 50.1%
- Equity
- -€133,128
- ▼ 156%
- Total assets
- €216,201
- ▼ 15.9%
- Negative equity on 31-12-2025
Turnover not published (micro format)
Score breakdownraises riskNegative equity -€133,128Loss of €81,094, the second in a row (financial year 2025)lowers riskSize: total assets €216,201Liquidity: current ratio 1.14, cash €49,361Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 12% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency
0-5
equity -61.6% of total assets
Liquidity
34+11
short-term debt 81.4% · cash 22.8%
Profitability
0=
return on assets -37.5%
Bankruptcy probability within 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 1.6%
08-2025: 1.5%▼ -0.1 percentage points vs 07-2025lowest value
09-2025: 1.5%● unchanged vs 08-2025lowest value
10-2025: 1.8%▲ +0.3 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.9%▲ +0.1 percentage points vs 12-2025
02-2026: 1.9%● unchanged vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.1%▲ +0.1 percentage points vs 05-2026highest value
07-2026: 1.7%▼ -0.4 percentage points vs 06-2026
08-2026: 1.7%● unchanged vs 07-2026
09-2026: 1.7%● unchanged vs 08-2026
10-2026: 1.7%● unchanged vs 09-2026
11-2026: 1.7%● unchanged vs 10-2026
No credit on open account
Liquidity is tight, with a current ratio of 1.14 (1.29 in 2024), below the usual 1.5. Short-term debt is 81.4% and cash 22.8% of total assets. Equity is negative.
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 (NACE 46, micro). It does better than 6% of them on solvency, 31% on liquidity, 6% on profitability and 3% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€133,128
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
39 days early
2024
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 35 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 2 filings
Equity
-€133,128▼ 156%
2024 · -€52,034
Total assets
€216,201▼ 15.9%
2024 · €256,975
Net result
-€81,094▼ 50.1%
2024 · -€54,034
Working capital
€25,262▼ 51.9%
2024 · €52,506
Multi-year overview
2024 to 2025, 2 financial yearsOperating result
-€73,145
▼ 36.5%
2025
20242025
Net result
-€81,094
▼ 50.1%
2025
lowest quarter of the sector
20242025
Equity
-€133,128
▼ 156%
2025
lowest quarter of the sector
20242025
Total assets
€216,201
▼ 15.9%
2025
middle half of the sector
20242025
Debt
€349,329
▲ 13.0%
2025
20242025
Working capital
€25,262
▼ 51.9%
2025
middle half of the sector
20242025
Solvency
-61.6%
▼ 41.3pp
2025
lowest quarter of the sector
20242025
Current ratio
1.14
▼ 0.14
2025
middle half of the sector
20242025
Return on assets (ROA)
-37.5%
▼ 16.5pp
2025
lowest quarter of the sector
20242025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20242025
Operating result-€53,605--€73,145▼ 36.5%
Net result-€54,034below the sector's middle half--€81,094below the sector's middle half▼ 50.1%
Equity-€52,034below the sector's middle half--€133,128below the sector's middle half▼ 156%
Total assets€256,975within the sector's middle half-€216,201within the sector's middle half▼ 15.9%
Debt€309,009-€349,329▲ 13.0%
Working capital€52,506within the sector's middle half-€25,262within the sector's middle half▼ 51.9%
Solvency-20.2%below the sector's middle half--61.6%below the sector's middle half▼ 41.3pp
Current ratio1.29within the sector's middle half-1.14within the sector's middle half▼ 0.14
Return on assets (ROA)-21.0%below the sector's middle half--37.5%below the sector's middle half▼ 16.5pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 operating result for 2025 is a loss of €73,145, larger than the loss of €53,605 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,201
Fixed assets
€14,983 ▼ 26.5%
Current assets
€201,218 ▼ 15.0%
Equity and liabilities
Equity-€133,128
Debt€349,329
Equity is negative. Debt (€349,329) exceeds the balance-sheet total (€216,201).
Key figures and ratios
EBITDA
-€69,779▼
2024 · -€53,050
Cash flow
-€77,728▼
2024 · -€53,479
Quick ratio
0.53▼
2024 · 0.68
Interest coverage
-8.78▲
2024 · -123.58
Debt ≤ 1 year
€175,956▼
2024 · €184,088
Debt > 1 year
€173,373▲
2024 · €117,921
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €9,000 | €6,417 |
| Intangible fixed assets | €9,456 | - |
| Financial fixed assets | €2,479 | €0 |
| Depreciation and write-downs of the year | €554 | €3,366 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Non-recurring operating income76A | - | €551 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €554 | €3,366 | ▲ 507% |
| Other operating charges640/8 | €516 | €568 | ▲ 10.1% |
| Gross operating margin9900 | -€52,534 | -€69,210 | ▼ 31.7% |
| Operating profit (loss)9901 | -€53,605 | -€73,145 | ▼ 36.5% |
| Financial income75/76B | €0 | €1 | ▲ 11× |
| Recurring financial income75 | €0 | €1 | ▲ 11× |
| Financial charges65/66B | €429 | €7,950 | ▲ 19× |
| Recurring financial charges65 | €429 | €7,950 | ▲ 19× |
| Profit (loss) for the period before taxes9903 | -€54,034 | -€81,094 | ▼ 50.1% |
| Profit (loss) for the period9904 | -€54,034 | -€81,094 | ▼ 50.1% |
| Profit (loss) for the period to be appropriated9905 | -€54,034 | -€81,094 | ▼ 50.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €256,975 | €216,201 | ▼ 15.9% |
| Fixed assets21/28 | €20,382 | €14,983 | ▼ 26.5% |
| Intangible fixed assets21 | €9,453 | €6,301 | ▼ 33.3% |
| Tangible fixed assets22/27 | €8,449 | €6,203 | ▼ 26.6% |
| Land and buildings22 | - | €6,203 | - |
| Furniture and vehicles24 | €8,449 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,479 | €2,479 | = |
| Current assets29/58 | €236,594 | €201,218 | ▼ 15.0% |
| Stocks and contracts in progress3 | €110,551 | €108,191 | ▼ 2.1% |
| Stocks30/36 | €110,551 | €108,191 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €103,156 | €41,240 | ▼ 60.0% |
| Trade receivables40 | €73,156 | €41,240 | ▼ 43.6% |
| Other amounts receivable41 | €30,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €22,887 | €49,361 | ▲ 116% |
| Deferred charges and accrued income490/1 | - | €2,426 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €256,975 | €216,201 | ▼ 15.9% |
| Equity10/15 | -€52,034 | -€133,128 | ▼ 156% |
| Contributions10/11 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€54,034 | -€135,128 | ▼ 150% |
| Amounts payable17/49 | €309,009 | €349,329 | ▲ 13.0% |
| Amounts payable after more than one year17 | €117,921 | €173,373 | ▲ 47.0% |
| Financial debts170/4 | €117,921 | €173,373 | ▲ 47.0% |
| Amounts payable within one year42/48 | €184,088 | €175,956 | ▼ 4.4% |
| Financial debts43 | €125,000 | €148,273 | ▲ 18.6% |
| Credit institutions430/8 | €125,000 | €148,273 | ▲ 18.6% |
| Trade debts44 | €57,649 | €17,854 | ▼ 69.0% |
| Suppliers440/4 | €57,649 | €17,854 | ▼ 69.0% |
| Taxes, remuneration and social security45 | €1,439 | €9,829 | ▲ 583% |
| Taxes450/3 | €1,439 | €9,829 | ▲ 583% |
| Accrued charges and deferred income492/3 | €7,000 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€54,034 | -€81,094 | ▼ 50.1% |
| + Depreciation and write-downs630 | €554 | €3,366 | ▲ 507% |
| Operating cash flow (approximation) | -€53,479 | -€77,728 | ▼ 45.3% |
| Investment in fixed assets (approximation) | - | €2,032 | - |
| Change in cash | - | €26,474 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as Custoo has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
84.8%
was still going
5.6%
stopped otherwise
8.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Custoo itself is lower: 1.7% within 12 months. It rests on far more data about Custoo than the profile alone.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for Custoo. 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.
Board & ownership
Directors
Directors
2 directors, no change since 2024
Board 2
RAGHENO MARKETING SERVICE
Current
Class A director · appointed in the act of 14-06-2024 · term without a fixed end · Private limited company (pre-2019) · permanent representative: RAGHENO Gaetan · listed in the 2025 annual accounts, filed on 22-06-2026
ZERISCO
Current
Class B director · appointed in the act of 14-06-2024 · term without a fixed end · Private limited company · permanent representative: VAN DAMME Bruno · listed in the 2025 annual accounts, filed on 22-06-2026
Permanent representatives 2
RAGHENO Gaetan
Current
Permanent representative · appointed in the act of 14-06-2024 · for RAGHENO MARKETING SERVICE
VAN DAMME Bruno
Current
Permanent representative · appointed in the act of 14-06-2024 · for ZERISCO
Owners and capital
Shareholders
At incorporation
act of 14-06-2024 ↗
- RAGHENO Gaetan 100 shares (50%) · €1,000
- VAN DAMME Bruno 100 shares (50%) · €1,000
Capital transactions
Capital over time
- 14-06-2024 Incorporation · €2,000 · 200 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| RAGHENO MARKETING SERVICE |
|
| ZERISCO |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “2, voordracht voor vacante positie bij houders van klasse die te vervangen bestuurder voordroeg”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 14-06-2024 (in Dutch)
Network & group
Custoo shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of Custoo. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-06
micro format · 39 days before the deadline
2025
01-07
micro format · 30 days before the deadline
2024
14-06
Gazette deed
IncorporationStarting capital €2,000 · Appointments: Ragheno Marketing Service (class A director) and ZERISCO (class B director) · Permanent representatives: RAGHENO Gaetan and VAN DAMME Bruno · Registered office clause10 points ▸
Gazette deed
Incorporation
Starting capital €2,000 · Appointments: Ragheno Marketing Service (class A director) and ZERISCO (class B director) · Permanent representatives: RAGHENO Gaetan and VAN DAMME Bruno · Registered office clause10 points ▸
- Registered office clause, “9160 Lokeren,Dijkstraat 15A - kantoor 1A” (deed in Dutch)
- Board rule, 2
- Director appointment, Ragheno Marketing Service (class A director)
- Permanent representative, RAGHENO Gaetan
- Director appointment, ZERISCO (class B director)
- Permanent representative, VAN DAMME Bruno
- Incorporation, 11-06-2024
- Founder, RAGHENO Gaetan
- Founder, VAN DAMME Bruno
- Founding capital, €2,000
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Custoo in Dutch
Enterprise number
1010.295.481
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-06-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-06-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 14-06-2024 (in Dutch)Registered office and establishments
Registered office
Dijkstraat 15A, 9160 Lokeren, Belgium
Establishment unit
Custoo, Dijkstraat 15A, 9160 Lokeren since 12-06-2024 · unit number 2.360.545.379
Activities
NACEBEL 202546643
Wholesale of electrical equipment, including installation materials main activity
47529
Retail trade
47559
Retail sale of other household articles
71121
Engineering and related technical consultancy, excluding land surveyors
Codes under NACEBEL 2008
46693
Wholesale trade main activity
47529
Retail trade
47599
Retail trade
71121
Engineering activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 14-06-2024 (in Dutch)
“De import en export van,de aan-en verkoop van,de groot-en kleinhandel in,handelsbemiddeling in,zelfstandig vertegenwoordiger in,verhuur…”
11 activities
- De import en export van,de aan-en verkoop van,de groot-en kleinhandel in,handelsbemiddeling in,zelfstandig vertegenwoordiger in,verhuur van,ontwikkeling,prestatie,consultancy in,herstelling,vervaardiging van beveiligingsinstallaties,bewakingsinstallaties,toegangscontrole,alarminstallaties,IT-apparatuur,elektrische,elektronische,elektro-mechanische en telecommunicatie-installaties of apparaten,computers,randapparatuur en software.Handelsagentuur.
- Het verlenen van consultancy,technisch support,advies en bijstand aan klanten,in rechtstreeks of onrechtstreeks verband hiermee.
- Beheer en bestuur,uitbating en management,hetzij voor eigen rekening,hetzij voor rekening van derden,van alle vennootschappen en rechtspersonen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;de aan-en verkoop–zowel volle eigendom,blote eigendom en/of vruchtgebruik van onroerende goederen,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende goederen te bevorderen;alsmede zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen op participaties,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten.
- Groothandel in elektrisch en elektronisch materiaal
- Electro-techniek
- Telecommunicatie en informatica
- Elektriciteitswerken en domotica
- Consulting en adviesverlening in bovenvermelde sectoren-Bestuur in verbonden en niet-verbonden ondernemingen-Holding,participatie-en financieringsvennootschap-Beheer van eigen patrimonium,zowel roerend als onroerend,alsook het nemen van participaties en/of bestuurdersmandaten.
- Verstrekken van advies en het verlenen van bijstand op bedrijfsorganisatorisch,financieel,fiscaal,juridisch,marketing,IT,technologisch,commercieel en strategisch gebied.
Invoicing and payment
VAT number
BE 1010.295.481
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
15 June at 20:00
deed of 14-06-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
9,167 m²
Building footprint
3,933 m²
Building volume
28,360 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46382B0921/00Y000 | Flanders | 9,167 m² | 1 · 3,933 m² | 8.0 m · 2 |