Equity
€97,550 from €171,424 in 2012
Equity fell by 43% in 13 years.
CUVENET
Lifetime
20 annual accounts with figures on one time axis, 27 filings since 1999peak €85,783 (2008)
-€1,589▲ €9,303
lowest -€34,008 (2019)
-€4,813▲ €10,488
peak €171,424 (2012)
€97,550▼ 4.7%
€29,727▼ 13.3%
peak 0.4 FTE (2009)
-not published
Board2 names since 2021
2 directorsCUYX Peter and 1 other
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from -€10,892 to -€1,589Loss of €4,813
Key points
from the 2025 annual accountsLosses
-€20,115 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Filings
27 annual accounts since 1999
Six of the last ten came late. The 2025 accounts came latest: 31 days after the end of the period.
Turnover not published (micro format)
Checked score
88
Excellent
Financially stronger than 53% of micro companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.3%▲ +0.1 percentage points vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.1 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.2 percentage points vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 5.02, cash €40,166
Founded in 1999
Equity €97,550 (76.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 81% on liquidity, 13% on profitability and 29% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as CUVENET has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CUVENET itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for CUVENET. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.02 (4.71 in 2024), above the usual 1.5. Short-term debt is 19.6% and cash 31.6% of total assets. 23.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 -€4,813
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: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
34 days early
2023
33 days early
2022
62 days early
2021
54 days early
2020
20 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 27 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465501911
Changes of role: CUYX Raymond (director) and CUYX Peter (director)
Director discharge: CUYX Raymond · Director discharge: CUYX Peter · General meeting of 24-10-2023 · Gazette deed
First establishment
Trekschurenstraat 190, Hasselt
Incorporation
published on 09-04-1999 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CUVENET Hasselt | €127,277 | -€1,589 | 76.6% | - |
| b.d. – Bernard DOCQUIR Vilvoorde | €136,187 | -€18,829 | 73.6% | - |
| SMEETS ANDRE Gembloux | €133,417 | -€604 | 53.6% | - |
| CHAUFFAGE SANITAIRE DELNATTE Mouscron | €129,112 | -€3,733 | 95.0% | - |
| MAES VERWARMING Meerhout | €107,596 | -€16,694 | 50.1% | - |
| CEVAS Merchtem | €109,594 | -€17,026 | 65.7% | - |
| BMG SERVICES Gouvy | €148,595 | -€12,826 | 42.1% | 0.3 |
These companies have the same main activity as CUVENET: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €108,000 and €149,000, founded between 1995 and 2002.
Official details
Source: KBO- Status
- Active since 31-03-1999Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
- Establishment unit
- 2.090.987.2303500 Hasselt, since 10-05-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 13-01-2026
Insights on CUVENET
CUVENET files the micro format. That format states no turnover. The gross margin fell from €30,736 in 2006 to -€1,589 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CUVENET
- What is the company number of CUVENET?
- The company number of CUVENET is 0465.501.911. The VAT number is the same number with BE in front: BE 0465.501.911.
- Where is CUVENET based?
- The registered office is at Trekschurenstraat 190, 3500 Hasselt.Company details
- What does CUVENET do?
- According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
- What is the legal form of CUVENET?
- CUVENET is a private limited company (BV).
- When was CUVENET founded?
- CUVENET was founded on 31-03-1999.
- Is CUVENET still active?
- Yes, CUVENET is an active enterprise in the KBO register.
- What is the turnover of CUVENET?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is CUVENET profitable?
- In financial year 2025, CUVENET made a loss of €4,813.
- Where can I find the annual accounts of CUVENET?
- CUVENET filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CUVENET due?
- CUVENET must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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