Cuvimo
ActiveSummary
Cuvimo has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €2,100. Equity is shrinking by about 4.5% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €2.9m
- Profit
- €2,100
- Parent
- FRESIMO · 99%
- Frederik CUPPENSManaging director
- Jean-Luc CUPPENSManaging director
- Simonne LIMERKENSDirector
Why 96raises riskLiquidity: current ratio 97.10, cash €83,704lowers riskSize: total assets €3.3mEquity €2.9m (87.0% of total assets)No main activity registeredShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, small): better than 82% on solvency, 69% on liquidity, 70% on profitability and 45% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €2,100
- Liquidity more than doubledcurrent ratio 97.10
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €40,095 in 2025 against €94,525 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €28,800 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €218,463 | €165,928 | €79,771 | €91,575 | €116,555 | €100,047 | €99,941 | €101,425 | ▲ 1.5% |
| Other operating charges640/8 | - | - | - | €28,529 | €30,815 | €32,627 | €33,002 | €35,482 | ▲ 7.5% |
| Gross operating margin9900 | -€85,507 | -€12,604 | €4,333 | €31,164 | €81,164 | €83,992 | €38,418 | €96,811 | ▲ 152% |
| Operating profit (loss)9901 | -€326,604 | -€198,974 | -€98,336 | -€88,941 | -€66,206 | -€48,682 | -€94,525 | -€40,095 | ▲ 57.6% |
| Financial income75/76B | - | - | - | €27,622 | €28,406 | €10,699 | €40,680 | €34,954 | ▼ 14.1% |
| Recurring financial income75 | €329,508 | €92,043 | €348,086 | €27,622 | €28,406 | €10,699 | €40,680 | €34,954 | ▼ 14.1% |
| Financial charges65/66B | - | - | - | €18,015 | €37,867 | €6,777 | €5,027 | €4,759 | ▼ 5.3% |
| Recurring financial charges65 | €199,079 | €93,357 | €223,759 | €18,015 | €37,867 | €6,777 | €5,027 | €4,759 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | -€196,176 | -€200,288 | €25,990 | -€79,333 | -€75,667 | -€44,760 | -€58,872 | -€9,900 | ▲ 83.2% |
| Transfer from deferred taxes780 | - | - | - | €21,223 | €21,157 | €21,150 | €20,859 | €17,848 | ▼ 14.4% |
| Income taxes67/77 | €11,456 | -€7,711 | €19,939 | €1,732 | €6,844 | €2,754 | €1,460 | €5,848 | ▲ 301% |
| Profit (loss) for the period9904 | -€156,396 | -€159,036 | €21,408 | -€59,841 | -€61,355 | -€26,364 | -€39,473 | €2,100 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €51,948 | €51,798 | €51,781 | €51,068 | €53,545 | ▲ 4.8% |
| Profit (loss) for the period to be appropriated9905 | -€30,956 | -€76,918 | €59,006 | -€7,893 | -€9,557 | €25,417 | €11,595 | €55,645 | ▲ 380% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.3m | €5.2m | €4.6m | €4.4m | €4.3m | €3.4m | €3.3m | €3.3m | ▼ 0.7% |
| Fixed assets21/28 | €1.5m | €1.7m | €3.1m | €3.1m | €3.0m | €2.9m | €2.8m | €2.8m | ▼ 2.6% |
| Tangible fixed assets22/27 | €1.5m | €1.7m | €3.1m | €3.1m | €3.0m | €2.9m | €2.8m | €2.8m | ▼ 2.6% |
| Land and buildings22 | - | - | - | €3.1m | €3.0m | €2.9m | €2.8m | €2.8m | ▼ 3.1% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.02m | €204 | €0.002m | €0.02m | ▲ 668% |
| Current assets29/58 | €3.8m | €3.5m | €1.5m | €1.3m | €1.3m | €0.5m | €0.5m | €0.5m | ▲ 10.8% |
| Amounts receivable within one year40/41 | €1.4m | €1.5m | €1.2m | €0.9m | €0.9m | - | €0.002m | €0.003m | ▲ 96.0% |
| Trade receivables40 | - | - | - | - | - | - | €479 | - | - |
| Other amounts receivable41 | - | - | - | €0.9m | €0.9m | - | €0.001m | €0.003m | ▲ 184% |
| Current investments50/53 | €1.9m | €1.8m | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 5.8% |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €0.2m | €0.03m | €0.03m | €0.05m | €0.04m | €0.08m | ▲ 97.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.01m | €0.05m | €0.03m | €0.02m | ▼ 38.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.3m | €5.2m | €4.6m | €4.4m | €4.3m | €3.4m | €3.3m | €3.3m | ▼ 0.7% |
| Equity10/15 | €4.1m | €3.9m | €4.0m | €3.9m | €3.8m | €2.9m | €2.9m | €2.9m | ▲ 0.1% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.4m | €0.4m | €0.4m | = |
| Reserves13 | €4.0m | €3.8m | €3.8m | €3.8m | €3.7m | €2.5m | €2.4m | €2.5m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Tax-exempt reserves132 | - | - | - | €2.3m | €2.3m | €2.2m | €2.2m | €2.1m | ▼ 2.5% |
| Distributable reserves133 | - | - | - | €1.2m | €1.2m | €0.05m | €0.06m | €0.1m | ▲ 87.2% |
| Provisions and deferred taxes16 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 4.1% |
| Deferred taxes168 | - | - | - | €0.5m | €0.5m | €0.5m | €0.4m | €0.4m | ▼ 4.1% |
| Amounts payable17/49 | €0.6m | €0.8m | €0.08m | €0.04m | €0.03m | €0.02m | €0.02m | €0.01m | ▼ 36.8% |
| Amounts payable after more than one year17 | €0.4m | - | - | €0.001m | €0.01m | €0.002m | €0.002m | €0.002m | = |
| Other amounts payable178/9 | - | - | - | €0.001m | €0.01m | €0.002m | €0.002m | €0.002m | = |
| Amounts payable within one year42/48 | €0.2m | €0.8m | €0.08m | €0.04m | €0.01m | €0.01m | €0.01m | €0.006m | ▼ 48.8% |
| Trade debts44 | €0.02m | €0.004m | €0.009m | €0.002m | €0.004m | €0.007m | - | €0.004m | - |
| Suppliers440/4 | - | - | - | €0.002m | €0.004m | €0.007m | - | €0.004m | - |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.008m | €0.007m | €0.01m | €0.002m | ▼ 84.7% |
| Taxes450/3 | - | - | - | €0.01m | €0.008m | €0.007m | €0.01m | €0.002m | ▼ 84.7% |
| Other amounts payable47/48 | - | - | - | €0.02m | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.003m | €0.005m | €0.004m | €0.004m | €0.003m | ▼ 20.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | -€0.2m | €0.02m | -€0.06m | -€0.06m | -€0.03m | -€0.04m | €0.002m | - |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 1.5% |
| Operating cash flow (approximation) | €0.06m | €0.007m | €0.1m | €0.03m | €0.06m | €0.07m | €0.06m | €0.1m | ▲ 71.2% |
| Investment in fixed assets (approximation) | - | -€0.4m | -€1.4m | -€0.1m | -€0.04m | €0.004m | -€0.02m | -€0.03m | ▼ 69.3% |
| Change in cash | - | -€0.2m | €0.003m | -€0.2m | -€0.005m | €0.03m | -€0.009m | €0.04m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 47 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00223121 |
| 31-12-2024 | abbreviated format | 17-06-2025 | 2025-00148163 |
| 31-12-2023 | abbreviated format | 21-06-2024 | 2024-00148578 |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00121996 |
| 31-12-2021 | abbreviated format | 23-08-2022 | 2022-20310622 |
| 31-12-2020 | abbreviated format | 27-08-2021 | 2021-58300484 |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36000220 |
| 31-12-2018 | abbreviated format | 14-10-2019 | 2019-69800282 |
| 31-12-2017 | abbreviated format | 25-09-2018 | 2018-64400399 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-23700283 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Frederik CUPPENS |
|
| Jean-Luc CUPPENS |
|
| Simonne LIMERKENS |
|
| FINVISIONBEDRIJFSREVISORENHASSELT |
|
Owners and capital
Owners
1 ownerChain of control
- FRESIMO
- Cuvimo
Highest known parent: FRESIMO. The sources do not say who stands above it.
Owners 1
-
99%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- CUPPENS Jean-Luc 23,508 shares
- Jean-LucCUPPENS 15 shares
- FRESIMO (BE 0808.799.856) 13,505 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 07-09-2023 Capital increase of €5,135,000 · to €5,258,000 · 23,508 new shares
- 14-06-2023 Capital stated in the deed · €123,000 · 13,520 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Acquisitions and mergers
1 transactionHistory
Acts, filings and financial milestones
07-09
Gazette deed
RestructuringAuditor report · Merger · Accounting effect22 facts ▸
- General meeting, 31-07-2023
- Other provision, “aandeelhouders, afstand fusieverslagen en formaliteiten” (deed in Dutch)
- Other provision, “fusievoorstel, integraal” (deed in Dutch)
- Other provision, “verslag bestuursorgaan, integraal” (deed in Dutch)
- Auditor report, “integraal, Bedrijfsrevisor” (deed in Dutch)
- Merger, “overdracht, gans haar actieve en passieve toestand,niets uitgezonderd noch voorbehouden” (deed in Dutch)
- Accounting effect, 01-01-2023
- Other provision, “uitoefening mandaat tot op heden, kwijting bestuurders overgenomen vennootschap” (deed in Dutch)
- Capital increase, €5,135,000
- Shareholding, 23508, “nieuwe aandelen fusie” (deed in Dutch)
- Other provision, “bestuursorgaan overnemende vennootschap, inschrijving aandelenregister” (deed in Dutch)
- Capital, €5,258,000
- +10 further facts in this act
21-06
Gazette deed
Reappointments: Jean-Luc CUPPENS, Simonne LIMERKENS and Frederik CUPPENS5 facts ▸
- General meeting, 05-06-2023
- Board meeting, 05-06-2023
- Director reappointment, Jean-Luc CUPPENS (bestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur)
- Director reappointment, Simonne LIMERKENS (director)
- Director reappointment, Frederik CUPPENS (bestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur)
14-06
Gazette deed
RestructuringAppointment: FINVISIONBEDRIJFSREVISORENHASSELT (statutory auditor) · Merger · Capital34 facts ▸
- Board meeting, 31-05-2023
- Merger, “fusie door overneming, Over te nemen vennootschap” (deed in Dutch)
- Director in office, Jean-Luc CUPPENS (director)
- Board composition, Jean-Luc CUPPENS (director and managing director)
- Board composition, Frederik CUPPENS (director)
- Board composition, Simonne LIMERKENS (director)
- Capital, €5,135,000
- Other provision, “bevoorrechte effecten met bijzondere rechten” (deed in Dutch)
- Shareholding, “op datum van opstelling van dit voorstel”, 7335 (deed in Dutch)
- Capital, €123,000
- Other provision, “bevoorrechteeffecten” (deed in Dutch)
- Shareholding, “opdatumvanopstellingvoorstel”, 15 (deed in Dutch)
- +22 further facts in this act
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71065A0941/00G000 | Flanders | 2,778 m² | 1 · 324 m² | 9.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het coördineren van handelingen gericht op het ontwikkelen,bouwen en doen bouwen van bouwprojecten in en buiten België,het daartoe geven van…” (deed in Dutch)
11 activities (deed in Dutch)
- Het coördineren van handelingen gericht op het ontwikkelen,bouwen en doen bouwen van bouwprojecten in en buiten België,het daartoe geven van instructies bij het houden van toezicht op de uitvoering van bouwprojecten,het doen financieren van deze projecten,het verlenen van bemiddeling bij hypotheken,en andere financiële transacties,het verkrijgen,vervreemden,verhuren,administreren en exploiteren van onroerende zaken,het verlenen van bemiddelingen welke met het vorenstaande in de ruimste zin van het woord verband houden,daaruit voortvloeien of daartoe bevorderlijk kunnen zijn;
- De groot- en kleinhandel in algemene voedingswaren en huishoudelijke artikelen,in producten van tabaksnijverheid,van papiernijverheid en van de drukkunst,van de ledernijverheid,van de textiel- en de kledingsnijverheid,van de keramische nijverheid en de glasnijverheid;
- De bakkerij en de banketbakkerij;
- De restauratie in de ruimste zin van het woord,waaronder frituur,spijshuis,verbruikssalon en drankgelegenheid;
- De invoerhandel van menigvuldige goederen;
- De groeperingen van gemeenschappelijke aankopen;
- De onderneming voor het goederenvervoer langs de weg,voor goederenbehandeling en voor het uitbaten van goederenopslagplaatsen;
- Het voeren van de administratie,de boekhouding en de publiciteit van handelsondernemingen.
- De vennootschap kan ook de functie van bestuurder of vereffenaar van een andere vennootschap uitoefenen.
- De vennootschap mag haar voorwerp verwezenlijken,zowel in het binnen- als in het buitenland,op alle wijzen die zij het best geschikt zal achten.
- De vennootschap mag op elke wijze ook betrokken zijn in zaken,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangend doel hebben;of die de ontwikkeling van haar onderneming kunnen bevorderen,haar grondstoffen kunnen leveren,of de afzet van haar producten kunnen vergemakkelijken.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CUVIMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één enkele bestuurder, onbeperkt hernieuwbaar” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 4 June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle verrichtingen vermeld in de wet tenzij algemene vergadering anders besluit bij gewone meerderheid van stemmen” (deed in Dutch)“Geld of effecten, naar verhouding aantal aandelen” (deed in Dutch)1 more provision on this in the deed