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CUTHINGS

Active
Private limited companyfounded 201412 yrs activeZavelstraat 26, 3520 Zonhoven, BelgiumKBO/BCE: BE 0556.825.728
Summary

The computed 12-month bankruptcy probability of CUTHINGS is 1.8% (moderate). The 2025 annual accounts show negative equity (-€709,685) and a net result of €61,312. Equity is shrinking by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 1127 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
CUTHINGSActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Machining of metals
NACE 25530Manufacture of fabricated metal products, except machinery and equipment NACE 25620
1 site
Size
€1.4mtotal assets 2025
Staff
11.8 FTE
Equity
-€709,685
Profit
€61,312
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
1.8%
Structure
Parent
Uplastics Invest · 60.89%
Board
1 member
Accounts 3 d early1 of 11 deeds read
Why 53- Negative equity -€709,685- Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)- 1 of the last 3 late+ Founded in 2014Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 22% of its sector peers (NACE 25, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -51.3% of total assets
Liquidity 11+5
short-term debt 93.0% · cash 8.6%
Profitability 49+20
return on assets 4.4%
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (747 companies)
Last 13 months 10-2025: 3.3% 11-2025: 3.3%● 0.0% vs 10-2025 12-2025: 3.3%● 0.0% vs 11-2025 01-2026: 3.3%● 0.0% vs 12-2025 02-2026: 3.4%▲ +1.4% vs 01-2026highest value 03-2026: 3.2%▼ -3.9% vs 02-2026 04-2026: 3.2%● 0.0% vs 03-2026 05-2026: 3.2%▼ -2.6% vs 04-2026 06-2026: 3.1%▼ -2.6% vs 05-2026 07-2026: 3.3%▲ +5.7% vs 06-2026 08-2026: 1.8%▼ -43.3% vs 07-2026lowest value 09-2026: 1.8%● 0.0% vs 08-2026lowest value 10-2026: 1.8%● 0.0% vs 09-2026lowest value
  • Negative equity -€709,685 raises the probability
  • Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25) raises the probability
  • 1 of the last 3 late raises the probability
  • Founded in 2014 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.86 against 0.58 in 2024; short-term debt: 93% and cash: 8.6% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 25, small). Better than this share of them on solvency 1%, liquidity 4%, profitability 23%, growth against the median 61%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€709,685
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2014
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 1127 sector peers (2025).
NBB · sector comparison
Position among 1127 sector peers
Solvency
better than 5%
← weakest strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
29 d late
2023
76 d late
2022
112 d late
2021
78 d late
2020
66 d early
2019
97 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 16 October (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Resignation: BV MinDShift (non-statutory director)Permanent representatives: Dirk Salens and…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Back to profitnet €61,312

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€709,685 View
  • Caution: Among the weakest 5% on solvencysector median 46.9% · 1,127 companies -51.3% View
  • Positive: Back in profit in 2025after -€29,449 in 2024 €61,312 View
  • Caution: Board changedlatest change 01-01-2026 · 1 in office 1 joined · 1 left View
  • Controlled by Uplastics Investultimately: Igepa Belux NV 60.89% View

By topic

Financials

Fiscal year
2025
Total assets
€1.4m
Profit
€61,312
Solvency
-51.3%
Total assets▼ 3.3%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2015
Next accounts
by 31-07-2027
  1. 27-08-2026Resignation: BV MinDShift (non-statutory director)
  2. 28-07-2026Annual accounts filed
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Machining of metalsNACE 25530
Founded
24-07-2014
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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