CUVELIER & Co
ActiveSummary
CUVELIER & Co has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €190k and a net result of €-3k. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-1
Solvency86▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity short (current ratio 0.14 against 0.59 in 2024; short-term debt: 9.2% and cash: 1.3% of total assets), and 38.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
-1%
Age of the figures
18 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 18-11-2025, 18 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
35 d early
2023
22 d early
2022
68 d early
2021
204 d late
2020
9 d late
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€190k▼ 1.6%
2024 · €193k
Total assets
€309k▼ 14.8%
2024 · €363k
Net result
€-3k
2024 · €545
Working capital
€-24k▼ 6.4%
2024 · €-23k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90k▲ 235%€8k▼ 91.3%€30k▲ 280%€6k▼ 78.8%€950▼ 85.0%
Net result€63k▲ 338%€4k▼ 94.4%€20k▲ 465%€545▼ 97.3%€-3k
Equity€169k▲ 59.7%€173k▲ 2.1%€192k▲ 11.5%€193k▲ 0.3%€190k▼ 1.6%
Total assets€403k▲ 3.3%€373k▼ 7.5%€397k▲ 6.4%€363k▼ 8.6%€309k▼ 14.8%
Debt€147k▼ 16.9%€122k▼ 17.0%€131k▲ 7.0%€106k▼ 19.0%€65k▼ 38.5%
Working capital€-49k▲ 48.8%€-48k▲ 1.7%€-32k▲ 34.3%€-23k▲ 27.7%€-24k▼ 6.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 85% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €309k
Fixed assets
€305k ▼ 7.4%
Current assets
€4k ▼ 87.7%
Equity and liabilities €309k
Equity
€190k ▼ 1.6%
Provisions
€54k ▼ 15.5%
Debt
€65k ▼ 38.5%
Debt's share of the balance-sheet total falls from 29.2% to 21.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€34k▼
2024 · €40k
Cash flow
€30k▼
2024 · €34k
Current ratio
0.14▼
2024 · 0.59
Debt to equity
0.34▼
2024 · 0.55
ROE
-1.6%▼
2024 · 0.3%
ROA
-1.0%▼
2024 · 0.2%
Interest coverage
6.82▼
2024 · 7.14
Debt ≤ 1 year
€28k▼
2024 · €56k
Debt > 1 year
€37k▼
2024 · €49k
Income taxes
€1k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €28k | €30k | €34k | €33k | ▼ 2.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-23k | - | - | - | - | - |
| Other operating charges640/8 | €2k | €3k | €5k | €4k | €2k | ▼ 56.0% |
| Gross operating margin9900 | €94k | €38k | €65k | €44k | €36k | ▼ 19.4% |
| Operating profit (loss)9901 | €90k | €8k | €30k | €6k | €950 | ▼ 85.0% |
| Financial income75/76B | €506 | €32 | €41 | - | - | - |
| Recurring financial income75 | €506 | €32 | €41 | - | - | - |
| Financial charges65/66B | €5k | €3k | €4k | €6k | €5k | ▼ 11.4% |
| Recurring financial charges65 | €5k | €3k | €4k | €6k | €5k | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | €85k | €5k | €25k | €710 | €-4k | ▼ 666% |
| Transfer from deferred taxes780 | €1k | €1k | €2k | €2k | €2k | = |
| Transfer to deferred taxes680 | €10k | - | €5k | - | - | - |
| Income taxes67/77 | €14k | €3k | €3k | €3k | €1k | ▼ 43.0% |
| Profit (loss) for the period9904 | €63k | €4k | €20k | €545 | €-3k | ▼ 664% |
| Transfer from tax-exempt reserves789 | €3k | €3k | €6k | €7k | €7k | = |
| Transfer to tax-exempt reserves689 | €29k | - | €14k | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €37k | €7k | €12k | €8k | €4k | ▼ 46.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €403k | €373k | €397k | €363k | €309k | ▼ 14.8% |
| Fixed assets21/28 | €360k | €345k | €362k | €329k | €305k | ▼ 7.4% |
| Tangible fixed assets22/27 | €359k | €345k | €361k | €329k | €304k | ▼ 7.4% |
| Land and buildings22 | €303k | €296k | €294k | €269k | €248k | ▼ 7.9% |
| Plant, machinery and equipment23 | €803 | €514 | €24k | €21k | €19k | ▼ 11.4% |
| Furniture and vehicles24 | €4k | €3k | €2k | €2k | €6k | ▲ 199% |
| Other tangible fixed assets26 | €51k | €46k | €41k | €36k | €32k | ▼ 12.8% |
| Financial fixed assets28 | €663 | €663 | €663 | €663 | €663 | = |
| Current assets29/58 | €43k | €28k | €35k | €34k | €4k | ▼ 87.7% |
| Amounts receivable within one year40/41 | €15k | €25k | €24k | €15k | - | - |
| Trade receivables40 | €15k | €25k | €23k | €15k | - | - |
| Other amounts receivable41 | €162 | - | €973 | - | - | - |
| Cash at bank and in hand54/58 | €29k | €2k | €10k | €18k | €4k | ▼ 76.9% |
| Deferred charges and accrued income490/1 | - | €628 | €738 | €766 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €403k | €373k | €397k | €363k | €309k | ▼ 14.8% |
| Equity10/15 | €169k | €173k | €192k | €193k | €190k | ▼ 1.6% |
| Contributions10/11 | €26k | €26k | €26k | €26k | €26k | = |
| Reserves13 | €106k | €143k | €161k | €164k | €157k | ▼ 4.4% |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €43k | €40k | €48k | €41k | €34k | ▼ 17.6% |
| Distributable reserves133 | €60k | €100k | €110k | €120k | €120k | = |
| Profit (loss) carried forward14 | €37k | €3k | €5k | €3k | €7k | ▲ 146% |
| Provisions and deferred taxes16 | €87k | €78k | €74k | €64k | €54k | ▼ 15.5% |
| Provisions for liabilities and charges160/5 | €71k | €63k | €56k | €49k | €41k | ▼ 15.4% |
| Pensions and similar obligations160 | €29k | €29k | €29k | €29k | €29k | = |
| Other liabilities and charges164/5 | €42k | €34k | €27k | €20k | €12k | ▼ 37.7% |
| Deferred taxes168 | €16k | €15k | €18k | €15k | €13k | ▼ 15.9% |
| Amounts payable17/49 | €147k | €122k | €131k | €106k | €65k | ▼ 38.5% |
| Amounts payable after more than one year17 | €55k | €46k | €64k | €49k | €37k | ▼ 25.7% |
| Financial debts170/4 | €55k | €46k | €64k | €49k | €37k | ▼ 25.7% |
| Amounts payable within one year42/48 | €92k | €76k | €67k | €56k | €28k | ▼ 49.6% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €14k | €14k | €13k | ▼ 11.1% |
| Financial debts43 | - | €202 | €1k | €784 | - | - |
| Credit institutions430/8 | - | €202 | €1k | €784 | - | - |
| Trade debts44 | €22k | €29k | €30k | €28k | €11k | ▼ 60.6% |
| Suppliers440/4 | €22k | €29k | €30k | €28k | €11k | ▼ 60.6% |
| Advances received on contracts in progress46 | - | €821 | - | - | - | - |
| Taxes, remuneration and social security45 | €24k | €14k | €9k | €5k | €4k | ▼ 13.1% |
| Taxes450/3 | €24k | €14k | €9k | €5k | €4k | ▼ 13.1% |
| Other amounts payable47/48 | €38k | €24k | €14k | €8k | €373 | ▼ 95.5% |
| Accrued charges and deferred income492/3 | - | - | - | €106 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €63k | €4k | €20k | €545 | €-3k | ▼ 664% |
| + Depreciation and write-downs630 | €25k | €28k | €30k | €34k | €33k | ▼ 2.4% |
| Operating cash flow (approximation) | €88k | €31k | €50k | €34k | €30k | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | €-13k | €-46k | €-1k | €-9k | ▼ 519% |
| Change in cash | - | €-27k | €8k | €7k | €-14k | ▼ 285% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 204 days late
2021
31-03
Financial
Highest result since 2019net €63k ▲338%
Operating result €90k, net result €63k, both a record.
31-03
Financial
Equity above €150kEq €169k ▲59.7%
2 profitable years in a row build equity to €169k.
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
31-03
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-03
Financial
Equity above €100kEq €106k ▲15.8%
Equity rises from €91k to €106k.
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
06-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Rochefort · 1 establishment unit since 2001
Ground area
2,153 m²
Building footprint
370 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
DECLIC
since 20012.097.897.588
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91024B0097/00P000 | Wallonia | 1,183 m² | 1 · 188 m² | - |
| 91024C0055/00R000 | Wallonia | 970 m² | 1 · 182 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,210 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-01-2001
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.