CUVETRA

Active

Private limited companyfounded 20206 yrs activeLauweplaats 11, 8930 Menen, BelgiumKBO/BCE: BE 0744.833.207

The computed 12-month bankruptcy probability of CUVETRA is 3.0% (moderate). The 2024 annual accounts show equity of €72k and a net result of €17k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 34% of 6717 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability49▲+24

Solvency48▲+4

Growth52=

Track record100

Bankruptcy probability, 12 months

3.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days only on tighter terms

Liquidity ample (current ratio 2.2 against 1.22 in 2023; short-term debt: 44.1% and cash: 0% of total assets), but 77.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

22.5%

Return on assets

5.3%

Age of the figures

21 mo

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

91 d late

2023

21 d late

2022

99 d late

2021

29 d early

2020

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€72k▲ 24.8%

2023 · €58k

2020: €40k 2021: €48k 2022: €72k 2023: €58k

2020 → 2024

Total assets

€318k▲ 5.3%

2023 · €302k

2020: €123k 2021: €126k 2022: €149k 2023: €302k

2020 → 2024

Net result

€17k

2023 · €-15k

2020: €39k 2021: €8k 2022: €24k 2023: €-15k

2020 → 2024

Working capital

€169k▲ 700%

2023 · €21k

2020: €12k 2021: €19k 2022: €56k 2023: €21k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€40k-€48k▲ 20.0%€72k▲ 49.7%€58k▼ 20.6%€72k▲ 24.8%

Operating result€47k-€15k▼ 68.6%€35k▲ 137%€5k▼ 85.4%€32k▲ 534%

Net result€39k-€8k▼ 79.5%€24k▲ 199%€-15k€17k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 534% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €318k

97.1%

Fixed assets €9k▼ 94.9%

Current assets €309k▲ 162%

Equity and liabilities €318k

22.5%

77.5%

Equity €72k▲ 24.8%

Debt €247k▲ 0.7%

The debt ratio falls from 81.0% to 77.5%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€35k▲

2023 · €29k

Cash flow

€20k▲

2023 · €9k

Solvency

22.5%▲

2023 · 19.0%

Current ratio

2.20▲

2023 · 1.22

Quick ratio

2.20▲

2023 · 1.22

Debt / equity

3.43▼

2023 · 4.26

ROE

23.4%▲

2023 · -25.9%

ROA

5.3%▲

2023 · -4.9%

Interest coverage

2.83▲

2023 · 1.54

Debt

€247k▲

2023 · €245k

Debt ≤ 1 year

€140k▲

2023 · €97k

Debt > 1 year

€106k▼

2023 · €148k

Income taxes

€6k▲

2023 · €1k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€302k€318k▲

Fixed assets21/28€185k€9k▼

Tangible fixed assets22/27€184k€9k▼

Plant, machinery and equipment23€2k€3k▲

Furniture and vehicles24€5k€6k▲

Leasing and similar rights25€177k€0▼

Financial fixed assets28€135€735▲

Current assets29/58€118k€309k▲

Amounts receivable within one year40/41€111k€306k▲

Trade receivables40€43k€233k▲

Other amounts receivable41€67k€73k▲

Cash at bank and in hand54/58€6k€0▼

Deferred charges and accrued income490/1€1k€3k▲

Equity and liabilities

Total equity and liabilities10/49€302k€318k▲

Equity10/15€58k€72k▲

Contributions10/11€1k€1k=

Reserves13€57k€71k▲

Distributable reserves133€57k€71k▲

Profit (loss) carried forward14-€0

Amounts payable17/49€245k€247k▲

Amounts payable after more than one year17€148k€106k▼

Financial debts170/4€148k€106k▼

Amounts payable within one year42/48€97k€140k▲

Current portion of amounts payable after more than one year42€41k€42k▲

Financial debts43-€13k

Credit institutions430/8-€13k

Trade debts44€45k€34k▼

Suppliers440/4€45k€34k▼

Taxes, remuneration and social security45€11k€49k▲

Taxes450/3€11k€47k▲

Remuneration and social security454/9-€1k

Other amounts payable47/48-€3k

Income statement Code20232024

Non-recurring operating income76A€15k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€3k▼

Other operating charges640/8€30k€10k▼

Non-recurring operating charges66A€8k€32k▲

Gross operating margin9900€67k€78k▲

Operating profit (loss)9901€5k€32k▲

Financial income75/76B€5€3k▲

Recurring financial income75€5€3k▲

Financial charges65/66B€19k€12k▼

Recurring financial charges65€19k€12k▼

Profit (loss) for the period before taxes9903€-14k€23k▲

Income taxes67/77€1k€6k▲

Profit (loss) for the period9904€-15k€17k▲

Profit (loss) for the period to be appropriated9905€-15k€17k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-15k€17k▲

Transfer from equity791/2€15k-

Transfer to equity691/2-€14k

To other reserves6921-€14k

Profit to be distributed694/7-€3k

Directors or managers695-€3k

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

2025

30-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 91 days late

2024

31-12

Financial Back to profitnet €17k

Net result €17k after one loss-making year.

21-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 21 days late

2023

31-12

Financial Weakest financial yearnet €-15k ▼162%

Net result drops to €-15k, the lowest in the series; recovery starts the following year.

07-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 99 days late

2022

02-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Menen · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Lauweplaats 118930 Menen

Ground area

1,615 m²

Building footprint

207 m²

Volume, LiDAR

749 m³

2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CUVETRA

Lauwestraat 11, 8930 MenenFreight transport by road

since 20202.302.376.360

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34024A0307/00Y000	Flanders	808 m²	1 · 71 m²	-
34032A0150/00N000	Flanders	807 m²	1 · 136 m²	9.7 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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 · 3,000 EUR awarded · 3,000 EUR paid

Year	Entries	awarded	paid
2022	1	3,000 EUR	3,000 EUR

Schemes

Subsidies ecologisch en veilig transport (stopgezet)

1 entry · 3,000 EUR · 3,000 EUR paid · Departement Mobiliteit en Openbare Werken

Similar companies · same sector, comparable size

Sint-Gillis (bij-Brussel) · Eq €72k

Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,215 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded06-03-2020

Fiscal year end31-12

Activities, NACEBEL

49410Freight transport by road

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.