From the official registers: KBO 8 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CUVEA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.6m and a net result of €2.1m. Equity is growing by about 26% per year across the filed financial years. Its solvency ranks better than 80% of 6,680 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 30-08-2017 Normal situation
- Legal form
- Private limited company
- Registered office
- Weg Gors-Opleeuw 83, 3840 Tongeren-Borgloon
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.268.530.684 3840 Tongeren-Borgloon, since 30-08-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Who decides
Board
- Cuvelier Yves AlexDirector · since 30-08-2017
- Jackers Miet ErnestineDirector · since 01-01-2020
How it is doing
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €2.1m
- ▲ 18×
- Equity
- €3.6m
- ▲ 137%
- Total assets
- €4.3m
- ▲ 137%
2025 accounts filed 25 days late
Filed on 25-08-2026at the National Bank
Signalsraises risk2025 accounts filed 25 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
25 days late
2024
21 days late
2023
28 days late
2022
31 days late
2021
72 days late
2020
31 days late
2019
25 days 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 26 days after the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% 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. The company usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (25 days) Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00423479.
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 25-08-2026
- Format
- abbreviated format
- Reference
- 2026-00423479
Equity
€3.6m▲ 137%
2024 · €1.5m
Net result
€2.1m▲ 18×
2024 · €118,507
Total assets
€4.3m▲ 137%
2024 · €1.8m
Solvency
83.9%=
2024 · 83.9%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen three years in a row; 2025 is 87% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.02m
2025
Net result€2.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.3m
2025
Equity€3.6m
2025
Debt€0.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€3.2m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)48.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency83.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio5.67
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.2m-€0.2m▲ 18.1%€0.2m▼ 13.3%€0.4m▲ 146%€0.5m▲ 9.8%€0.4m▼ 26.7%€0.2m▼ 54.8%€0.02m▼ 87.4%
Net result€0.1m-€0.2m▲ 53.1%€0.1mwithin the sector's middle half▼ 18.5%€0.6mabove the sector's middle half▲ 368%€0.3mabove the sector's middle half▼ 41.6%€0.2mabove the sector's middle half▼ 40.7%€0.1mwithin the sector's middle half▼ 40.6%€2.1mabove the sector's middle half▲ 18×
Equity€0.1m-€0.3m▲ 129%€0.4mwithin the sector's middle half▲ 45.9%€1.0mwithin the sector's middle half▲ 147%€1.3mwithin the sector's middle half▲ 34.8%€1.4mwithin the sector's middle half▲ 7.9%€1.5mwithin the sector's middle half▲ 8.4%€3.6mabove the sector's middle half▲ 137%
Total assets€0.9m-€0.7m▼ 17.0%€1.1mwithin the sector's middle half▲ 44.3%€1.5mwithin the sector's middle half▲ 41.3%€2.0mwithin the sector's middle half▲ 31.0%€2.0mwithin the sector's middle half▼ 1.3%€1.8mwithin the sector's middle half▼ 7.3%€4.3mabove the sector's middle half▲ 137%
Debt€0.8m-€0.5m▼ 39.0%€0.7m▲ 43.5%€0.5m▼ 19.6%€0.7m▲ 24.2%€0.6m▼ 18.7%€0.3m▼ 47.1%€0.7m▲ 137%
Working capital-€0.2m--€0.1m▲ 40.7%-€0.3mbelow the sector's middle half▼ 84.7%€0.3mabove the sector's middle half€0.5mabove the sector's middle half▲ 57.9%€0.5mabove the sector's middle half▲ 11.9%€0.5mabove the sector's middle half▼ 2.2%€3.2mabove the sector's middle half▲ 525%
Solvency13.1%-36.1%▲ 23.0pp36.5%within the sector's middle half▲ 0.4pp63.9%within the sector's middle half▲ 27.4pp65.7%within the sector's middle half▲ 1.9pp71.8%within the sector's middle half▲ 6.1pp83.9%above the sector's middle half▲ 12.1pp83.9%above the sector's middle half=
Current ratio0.54-0.46▼ 0.080.51within the sector's middle half▲ 0.051.68within the sector's middle half▲ 1.161.75within the sector's middle half▲ 0.071.96within the sector's middle half▲ 0.212.77within the sector's middle half▲ 0.815.67above the sector's middle half▲ 2.90
Return on assets (ROA)11.0%-20.4%▲ 9.3pp11.5%above the sector's middle half▼ 8.9pp38.0%above the sector's middle half▲ 26.5pp17.0%above the sector's middle half▼ 21.1pp10.2%within the sector's middle half▼ 6.8pp6.5%within the sector's middle half▼ 3.7pp48.5%above the sector's middle half▲ 41.9pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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 abbreviated 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 €4.3m
Fixed assets
€380,751 ▼ 62.3%
Current assets
€3.9m ▲ 385%
Equity and liabilities €4.3m
Equity
€3.6m ▲ 137%
Debt
€692,269 ▲ 137%
Debt's share of the balance-sheet total stays at 16.1%.
Key figures and ratios
ROE
57.7%▲
2024 · 7.8%
Debt ≤ 1 year
€692,269▲
2024 · €292,252
Income taxes
€215,644▲
2024 · €54,678
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.02m | €0.03m | ▲ 58.9% |
| Other operating charges640/8 | - | - | - | €0.005m | €0.003m | €0.004m | €0.005m | €0.005m | ▼ 14.9% |
| Gross operating margin9900 | €0.2m | €0.2m | €0.2m | €0.5m | €0.5m | €0.4m | €0.2m | €0.05m | ▼ 72.7% |
| Operating profit (loss)9901 | €0.2m | €0.2m | €0.2m | €0.4m | €0.5m | €0.4m | €0.2m | €0.02m | ▼ 87.4% |
| Financial income75/76B | - | - | - | €0.3m | - | €0.006m | €0.01m | €2.3m | ▲ 225× |
| Recurring financial income75 | €30 | €178 | €308 | €0.3m | - | €0.006m | €0.01m | €2.3m | ▲ 225× |
| Financial charges65/66B | - | - | - | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | ▲ 131% |
| Recurring financial charges65 | €0.01m | €0.008m | €0.006m | €0.002m | €0.002m | €0.001m | €0.001m | €0.001m | ▲ 131% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.2m | €0.2m | €0.7m | €0.5m | €0.4m | €0.2m | €2.3m | ▲ 13× |
| Income taxes67/77 | €0.07m | €0.05m | €0.05m | €0.2m | €0.2m | €0.2m | €0.05m | €0.2m | ▲ 294% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.1m | €0.6m | €0.3m | €0.2m | €0.1m | €2.1m | ▲ 18× |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.1m | €0.1m | €0.2m | ▲ 51.5% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.1m | - | €0.2m | €0.1m | €0.06m | ▼ 54.7% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.009m | €0.1m | €0.5m | €0.3m | €0.2m | €0.1m | €2.2m | ▲ 21× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.7m | €1.1m | €1.5m | €2.0m | €2.0m | €1.8m | €4.3m | ▲ 137% |
| Fixed assets21/28 | €0.6m | €0.6m | €0.8m | €0.8m | €0.9m | €0.9m | €1.0m | €0.4m | ▼ 62.3% |
| Tangible fixed assets22/27 | - | - | €0.2m | €0.1m | €0.3m | €0.3m | €0.4m | €0.4m | ▼ 6.1% |
| Land and buildings22 | - | - | - | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Plant, machinery and equipment23 | - | - | - | - | - | - | - | €0.002m | - |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.003m | €0.002m | €0.08m | €0.06m | ▼ 29.9% |
| Financial fixed assets28 | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.6m | €0.02m | ▼ 96.8% |
| Current assets29/58 | €0.3m | €0.1m | €0.3m | €0.7m | €1.1m | €1.1m | €0.8m | €3.9m | ▲ 385% |
| Amounts receivable within one year40/41 | €0.2m | €0.05m | €0.2m | €0.7m | €0.9m | €0.8m | €0.8m | €3.9m | ▲ 401% |
| Trade receivables40 | - | - | - | €0.4m | €0.5m | €0.1m | €0.08m | €3.1m | ▲ 37× |
| Other amounts receivable41 | - | - | - | €0.3m | €0.4m | €0.7m | €0.7m | €0.7m | ▲ 7.9% |
| Cash at bank and in hand54/58 | €0.08m | €0.05m | €0.02m | €0.03m | €0.2m | €0.3m | €0.04m | €0.07m | ▲ 84.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.04m | €0.009m | €0.004m | €0.004m | ▲ 1.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.7m | €1.1m | €1.5m | €2.0m | €2.0m | €1.8m | €4.3m | ▲ 137% |
| Equity10/15 | €0.1m | €0.3m | €0.4m | €1.0m | €1.3m | €1.4m | €1.5m | €3.6m | ▲ 137% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.1m | €0.3m | €0.4m | €1.0m | €1.3m | €1.4m | €1.5m | €3.6m | ▲ 135% |
| Tax-exempt reserves132 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 38.8% |
| Distributable reserves133 | - | - | - | €0.7m | €1.0m | €1.1m | €1.2m | €3.4m | ▲ 183% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | -€0.02m | - | - |
| Amounts payable17/49 | €0.8m | €0.5m | €0.7m | €0.5m | €0.7m | €0.6m | €0.3m | €0.7m | ▲ 137% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.2m | €0.1m | €0.05m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.1m | €0.05m | - | - | - | - |
| Amounts payable within one year42/48 | €0.5m | €0.3m | €0.5m | €0.4m | €0.6m | €0.6m | €0.3m | €0.7m | ▲ 137% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.05m | - | €0.01m | - |
| Trade debts44 | €0.1m | €0.002m | €0.001m | €0.003m | €0.009m | €0.01m | €0.002m | €0.02m | ▲ 14× |
| Suppliers440/4 | - | - | - | €0.003m | €0.009m | €0.01m | €0.002m | €0.02m | ▲ 14× |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.3m | €0.09m | €0.005m | €0.2m | ▲ 32× |
| Taxes450/3 | - | - | - | €0.2m | €0.3m | €0.09m | €0.005m | €0.2m | ▲ 32× |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.3m | €0.4m | €0.3m | €0.5m | ▲ 76.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.1m | €0.6m | €0.3m | €0.2m | €0.1m | €2.1m | ▲ 18× |
| + Depreciation and write-downs630 | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.02m | €0.03m | ▲ 58.9% |
| Operating cash flow (approximation) | €0.1m | €0.2m | €0.1m | €0.6m | €0.3m | €0.2m | €0.1m | €2.1m | ▲ 16× |
| Investment in fixed assets (approximation) | - | €0 | -€0.2m | €0.03m | -€0.1m | €0 | -€0.1m | €0.6m | - |
| Change in cash | - | -€0.03m | -€0.03m | €0.01m | €0.1m | €0.1m | -€0.3m | €0.03m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-08-2026 | 2026-00423479 | NBB |
| 31-12-2024 | abbreviated format | 21-08-2025 | 2025-00390184 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00386515 | |
| 31-12-2022 | abbreviated format | 31-08-2023 | 2023-00398965 | |
| 31-12-2021 | abbreviated format | 11-10-2022 | 2022-20458341 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-62700164 | |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-26900214 | |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-31300400 |
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Of the 24,452 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,126. 9,156 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors
Cuvelier Yves Alex
Current
Jackers Miet Ernestine
Current
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Cuvelier Yves Alex |
|
| Jackers Miet Ernestine |
|
Owners and capital
Owners
Group and network
Connections & network
2 current directorsThe board mandates are listed below; here you explore them as a network.
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Shareholding
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
2025
31-12
Financial
Highest result from 2018 to 2025net €2.1m ▲1,660%
Net result €2.1m, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.67
Current ratio from 2.77 to 5.67.
31-12
Financial
Equity above €2mequity €3.6m ▲137%
A profit in every financial year since 2018 builds equity to €3.6m.
21-08
financial year 2024 · abbreviated format · 21 days late
2024
28-08
financial year 2023 · abbreviated format · 28 days late
2023
31-08
financial year 2022 · abbreviated format · 31 days late
2022
31-12
Financial
Equity above €1mequity €1.3m ▲34.8%
A profit in every financial year since 2018 builds equity to €1.3m.
11-10
financial year 2021 · abbreviated format · 72 days late
2021
31-12
Financial
Liquidity more than triplescurrent ratio 1.68
Current ratio from 0.51 to 1.68; short-term debt falls from €519,091 to €442,871.
31-12
Financial
Equity above €500,000equity €968,752 ▲147%
A profit in every financial year since 2018 builds equity to €968,752.
Show earlier events
31-08
financial year 2020 · abbreviated format · 31 days late
2020
06-07
financial year 2019 · abbreviated format
2019
31-12
Financial
Equity above €200,000equity €268,727 ▲129%
A profit in every financial year since 2018 builds equity to €268,727.
10-07
financial year 2018 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordName
CUVEA in Dutch
Enterprise number
0680.577.041
Legal form
Private limited company
Status
Active, normale toestand
Founded
30-08-2017
Type
Legal entity
Where it is based
Registered office
Weg Gors-Opleeuw 83, 3840 Tongeren-Borgloon, Belgium
Establishments
1 establishment unit since 2017
What it does
NACEBEL 202564210
Activities of holding companies main activity
Invoicing and payment
VAT number
BE 0680.577.041
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
87550005U3CCYRM45052
Environmental permits
1 application in Flanders since 2025 · 1 granted
Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie
Source: Omgevingsloket Vlaanderen.
Sites & property
Registered office and establishments
1 establishment unit
CUVEA
since 2017unit no. 2.268.530.684
Buildings and parcels at the address
Ground area
2,900 m²
Building footprint
167 m²
Building volume
1,013 m³
Parcel 73034A0536/00A000, Flanders · tallest building 10.4 m.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73034A0536/00A000 | Flanders | 2,900 m² | 1 · 167 m² | 10.4 m · 2 |