CUVENET
ActiveSummary
CUVENET has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €-5k. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 82% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▲+4
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 5.02 against 4.71 in 2024; short-term debt: 19.6% and cash: 31.6% of total assets), and 23.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
34 d early
2023
33 d early
2022
62 d early
2021
54 d early
2020
20 d late
2019
25 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€98k▼ 4.7%
2024 · €102k
Total assets
€127k▼ 6.9%
2024 · €137k
Net result
€-5k▲ 68.5%
2024 · €-15k
Working capital
€100k▼ 4.6%
2024 · €105k
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€-9k▲ 64.9%€-11k▼ 21.2%€42k€-20k€-3k▲ 83.3%
Net result€-2k▲ 91.6%€-22k▼ 948%€41k€-15k€-5k▲ 68.5%
Equity€99k▼ 2.1%€76k▼ 22.7%€118k▲ 53.9%€102k▼ 13.0%€98k▼ 4.7%
Total assets€125k▲ 2.8%€109k▼ 13.0%€148k▲ 36.0%€137k▼ 7.4%€127k▼ 6.9%
Debt€26k▲ 27.3%€32k▲ 24.1%€30k▼ 6.7%€34k▲ 14.5%€30k▼ 13.3%
Working capital€99k▼ 2.1%€79k▼ 20.1%€114k▲ 44.7%€105k▼ 8.0%€100k▼ 4.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€2k ▼ 36.2%
Current assets
€125k ▼ 6.2%
Equity and liabilities €127k
Equity
€98k ▼ 4.7%
Debt
€30k ▼ 13.3%
Debt's share of the balance-sheet total falls from 25.1% to 23.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▲
2024 · €-12k
Cash flow
€-4k▲
2024 · €-8k
Current ratio
5.02▲
2024 · 4.71
Quick ratio
4.82▲
2024 · 4.55
Debt to equity
0.30▼
2024 · 0.34
ROE
-4.9%▲
2024 · -14.9%
ROA
-3.8%▲
2024 · -11.2%
Interest coverage
-0.60▼
2024 · 3.99
Debt ≤ 1 year
€25k▼
2024 · €28k
Income taxes
€526▼
2024 · €583
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €380 | €7k | €8k | €1k | ▼ 84.7% |
| Other operating charges640/8 | €817 | €1k | €2k | €1k | €532 | ▼ 52.9% |
| Gross operating margin9900 | €-6k | €-9k | €50k | €-11k | €-2k | ▲ 85.4% |
| Operating profit (loss)9901 | €-9k | €-11k | €42k | €-20k | €-3k | ▲ 83.3% |
| Financial income75/76B | €13k | €2k | €8k | €2k | €3k | ▲ 29.8% |
| Recurring financial income75 | €6k | €2k | €8k | €2k | €3k | ▲ 29.8% |
| Non-recurring financial income76B | €8k | - | - | - | - | - |
| Financial charges65/66B | €1k | €14k | €4k | €-3k | €4k | ▲ 217% |
| Recurring financial charges65 | €1k | €14k | €4k | €-3k | €4k | ▲ 217% |
| Profit (loss) for the period before taxes9903 | €4k | €-22k | €46k | €-15k | €-4k | ▲ 70.9% |
| Income taxes67/77 | €6k | €323 | €5k | €583 | €526 | ▼ 9.8% |
| Profit (loss) for the period9904 | €-2k | €-22k | €41k | €-15k | €-5k | ▲ 68.5% |
| Transfer from tax-exempt reserves789 | €33k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €31k | €-22k | €41k | €-15k | €-5k | ▲ 68.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €125k | €109k | €148k | €137k | €127k | ▼ 6.9% |
| Fixed assets21/28 | €2k | €440 | €7k | €3k | €2k | ▼ 36.2% |
| Tangible fixed assets22/27 | €2k | €380 | €7k | €3k | €2k | ▼ 36.9% |
| Plant, machinery and equipment23 | €760 | €380 | - | €3k | €2k | ▼ 30.2% |
| Furniture and vehicles24 | €975 | - | €7k | €301 | €0 | ▼ 100% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €60 | = |
| Current assets29/58 | €123k | €108k | €140k | €133k | €125k | ▼ 6.2% |
| Stocks and contracts in progress3 | €1k | €8k | €5k | €5k | €5k | ▲ 6.1% |
| Stocks30/36 | €1k | €8k | €5k | €5k | €5k | ▲ 6.1% |
| Amounts receivable within one year40/41 | €8k | €8k | €16k | €7k | €11k | ▲ 57.2% |
| Trade receivables40 | €979 | - | €2k | €0 | €2k | - |
| Other amounts receivable41 | €7k | €8k | €14k | €7k | €9k | ▲ 30.9% |
| Current investments50/53 | €93k | €71k | €86k | €73k | €66k | ▼ 10.0% |
| Cash at bank and in hand54/58 | €8k | €17k | €30k | €43k | €40k | ▼ 6.0% |
| Deferred charges and accrued income490/1 | €13k | €4k | €3k | €6k | €3k | ▼ 43.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €125k | €109k | €148k | €137k | €127k | ▼ 6.9% |
| Equity10/15 | €99k | €76k | €118k | €102k | €98k | ▼ 4.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €80k | €58k | €99k | €84k | €79k | ▼ 5.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €78k | €56k | €99k | €84k | €79k | ▼ 5.7% |
| Amounts payable17/49 | €26k | €32k | €30k | €34k | €30k | ▼ 13.3% |
| Amounts payable within one year42/48 | €24k | €29k | €26k | €28k | €25k | ▼ 11.9% |
| Trade debts44 | €6k | €7k | €4k | €5k | €5k | ▼ 9.5% |
| Suppliers440/4 | €6k | €7k | €4k | €5k | €5k | ▼ 9.5% |
| Taxes, remuneration and social security45 | €7k | €7k | €2k | €3k | €365 | ▼ 85.8% |
| Taxes450/3 | €5k | €5k | - | €365 | €365 | = |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | €11k | €15k | €20k | €21k | €20k | ▼ 3.3% |
| Accrued charges and deferred income492/3 | €2k | €3k | €4k | €6k | €5k | ▼ 20.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-22k | €41k | €-15k | €-5k | ▲ 68.5% |
| + Depreciation and write-downs630 | €1k | €380 | €7k | €8k | €1k | ▼ 84.7% |
| Operating cash flow (approximation) | €-659 | €-22k | €48k | €-8k | €-4k | ▲ 52.4% |
| Investment in fixed assets (approximation) | - | €975 | €-14k | €-4k | €0 | ▲ 100% |
| Change in cash | - | €9k | €12k | €13k | €-3k | ▼ 120% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €41k
Net result €41k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €118k ▲53.9%
Equity rises from €76k to €118k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 1999
Ground area
1,535 m²
Building footprint
117 m²
Volume, LiDAR
807 m³
Parcel 71324E0513/00T000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Trekschurenstraat 190, 3500 Hasselt
since 19992.090.987.230
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0513/00T000 | Flanders | 1,535 m² | 1 · 117 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 213 EUR awarded · 213 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 213 EUR | 213 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 4,903 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
Founded31-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.