CUVELIER PROJECTS
ActiveCUVELIER PROJECTS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €589 and a net result of €15k. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 12% of 7892 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
64
/ 100
Healthy▲ +37 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+29
Solvency8▼-29
Growth82▲+5
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 0.66 in 2024), and 99.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 7892 sector peers (2025).
NBB · sector comparisonPosition among 7892 sector peers
Solvency
better than 12%
← 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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d early
2023
33 d early
2022
27 d early
2021
13 d early
2020
11 d early
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€222k▲ 46.3%
2024 · €152k
2018: €74k
2019: €26k
2020: €40k
2021: €145k
2022: €126k
2023: €175k
2024: €152k
2018 → 2025
EBIT margin
8.2%▲ 10.4pp
2024 · -2.1%
2018: -71.0%
2019: 2.1%
2020: 30.6%
2021: 9.7%
2022: 9.8%
2023: 7.3%
2024: -2.1%
2018 → 2025
Net result
€15k
2024 · €-4k
2018: €-54k
2019: €110
2020: €12k
2021: €14k
2022: €12k
2023: €12k
2024: €-4k
2018 → 2025
Working capital
€-13k▲ 55.6%
2024 · €-30k
2018: €-62k
2019: €-62k
2020: €-60k
2021: €-43k
2022: €-28k
2023: €-31k
2024: €-30k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€145k-€126k▼ 12.8%€175k▲ 38.4%€152k▼ 13.4%€222k▲ 46.3%
Equity€-35k-€-23k▲ 34.5%€-11k▲ 53.1%€-15k▼ 35.2%€589
Operating result€14k-€12k▼ 12.4%€13k▲ 3.3%€-3k€18k
Net result€14k-€12k▼ 14.1%€12k▲ 0.9%€-4k€15k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18k after a loss of €3k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €90k
Fixed assets
€19k▼ 18.5%
Current assets
€71k▲ 26.5%
Equity and liabilities €90k
Equity
€589
Debt
€89k
Debt finances 99.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€25k▲
2024 · €5k
Cash flow
€22k▲
2024 · €4k
Solvency
0.7%▲
2024 · -18.4%
Current ratio
0.84▲
2024 · 0.66
Quick ratio
0.77▲
2024 · 0.60
ROA
16.9%▲
2024 · -4.8%
Interest coverage
47.74▲
2024 · 8.15
Debt
€89k▼
2024 · €94k
Debt ≤ 1 year
€84k▼
2024 · €86k
Debt > 1 year
€5k▼
2024 · €8k
Income taxes
€3k
Equity ratios withheld: equity of €589 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€79k€90k▲
Fixed assets21/28€23k€19k▼
Tangible fixed assets22/27€23k€19k▼
Furniture and vehicles24€23k€19k▼
Current assets29/58€56k€71k▲
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€35k€54k▲
Trade receivables40€31k€50k▲
Other amounts receivable41€4k€4k▲
Cash at bank and in hand54/58€16k€10k▼
Equity and liabilities
Total equity and liabilities10/49€79k€90k▲
Equity10/15€-15k€589▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-35k€-19k▲
Amounts payable17/49€94k€89k▼
Amounts payable after more than one year17€8k€5k▼
Financial debts170/4€8k€5k▼
Amounts payable within one year42/48€86k€84k▼
Current portion of amounts payable after more than one year42€3k€3k▲
Trade debts44€8k€16k▲
Suppliers440/4€8k€16k▲
Advances received on contracts in progress46-€2k
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€75k€60k▼
Income statement
Code20242025
Turnover70€152k€222k▲
Goods, raw materials, services and sundry goods60/61€145k€195k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€6k€26k▲
Operating profit (loss)9901€-3k€18k▲
Financial income75/76B€19€368▲
Recurring financial income75€19€368▲
Financial charges65/66B€606€523▼
Recurring financial charges65€606€523▼
Profit (loss) for the period before taxes9903€-4k€18k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€-4k€15k▲
Profit (loss) for the period to be appropriated9905€-4k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-35k€-19k▲
Profit (loss) brought forward from the previous period14P€-31k€-35k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €110
Net result €110 after one loss-making year.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-10-2025
Resigned as Director
Location & real-estate footprint
Registered office, Zedelgem · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Eernegemsestraat 898211 ZedelgemGround area
757 m²
Building footprint
197 m²
Volume, LiDAR
989 m³
Parcel 31001B1680/00N002, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Eernegemsestraat 89, 8211 Zedelgem
since 20072.168.516.756
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31001B1680/00N002 | Flanders | 757 m² | 1 · 197 m² | 6.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
DESA GROUP
BE 0760.645.195
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ODENTITY
BE 0665.912.720
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DE LEVANT
BE 0792.205.334
Gent · Eq €712
Linatex
BE 0848.334.680
Evere · Eq €481
QU - ART
BE 0461.115.135
Sint-Gillis (bij-Brussel) · Eq €869
Of 1,299 companies in sector 46423 we hold annual accounts for 807. 48 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2006
Fiscal year end31-12
Activities, NACEBEL
46423Wholesale of clothing, excluding workwear and underwear
51421
46425Wholesale trade
47715Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47721Retail sale of footwear
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.