CUW
ActiveSummary
CUW has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164,188 and a net result of €2,444. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+3
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.37 in 2024; short-term debt: 21.4% and cash: 10% of total assets), and 21.8% of the assets are financed with debt.
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Signals
Five 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.2%
Return on assets
1.2%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
on the day
2023
19 d early
2022
34 d early
2021
27 d late
2020
1 d early
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 31 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€164,188▲ 1.5%
2024 · €161,744
Total assets
€210,014▲ 1.0%
2024 · €208,037
Net result
€2,444
2024 · -€2,799
Working capital
-€22,145▲ 22.6%
2024 · -€28,613
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-€93▲ 51.3%-€7,654▼ 8,126%-€2,911▲ 62.0%-€2,664▲ 8.5%€2,594
Net result-€511▲ 11.2%-€7,786▼ 1,423%-€3,031▲ 61.1%-€2,799▲ 7.7%€2,444
Equity€175,360▼ 0.3%€167,574▼ 4.4%€164,543▼ 1.8%€161,744▼ 1.7%€164,188▲ 1.5%
Total assets€215,657▼ 0.4%€210,939▼ 2.2%€210,131▼ 0.4%€208,037▼ 1.0%€210,014▲ 1.0%
Debt€40,297▼ 0.7%€43,365▲ 7.6%€45,587▲ 5.1%€46,293▲ 1.5%€45,826▼ 1.0%
Working capital-€25,100▲ 16.7%-€28,250▼ 12.5%-€26,824▲ 5.0%-€28,613▼ 6.7%-€22,145▲ 22.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,594 after a loss of €2,664 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €210,014
Fixed assets
€187,282 ▼ 2.1%
Current assets
€22,731 ▲ 35.9%
Equity and liabilities €210,014
Equity
€164,188 ▲ 1.5%
Debt
€45,826 ▼ 1.0%
Debt's share of the balance-sheet total falls from 22.3% to 21.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€7,117▲
2024 · €1,851
Cash flow
€6,967▲
2024 · €1,716
Current ratio
0.51▲
2024 · 0.37
Debt to equity
0.28▼
2024 · 0.29
ROE
1.5%▲
2024 · -1.7%
ROA
1.2%▲
2024 · -1.3%
Interest coverage
47.45▲
2024 · 13.71
Debt ≤ 1 year
€44,876▼
2024 · €45,343
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 17,039 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,535 | €4,636 | €4,457 | €4,515 | €4,524 | ▲ 0.2% |
| Other operating charges640/8 | €4,242 | €4,340 | €4,523 | €4,814 | €4,814 | = |
| Gross operating margin9900 | €9,685 | €1,322 | €6,069 | €6,665 | €11,931 | ▲ 79.0% |
| Operating profit (loss)9901 | -€93 | -€7,654 | -€2,911 | -€2,664 | €2,594 | ▲ 197% |
| Financial charges65/66B | €418 | €132 | €120 | €135 | €150 | ▲ 11.1% |
| Recurring financial charges65 | €418 | €132 | €120 | €135 | €150 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | -€511 | -€7,786 | -€3,031 | -€2,799 | €2,444 | ▲ 187% |
| Profit (loss) for the period9904 | -€511 | -€7,786 | -€3,031 | -€2,799 | €2,444 | ▲ 187% |
| Profit (loss) for the period to be appropriated9905 | -€511 | -€7,786 | -€3,031 | -€2,799 | €2,444 | ▲ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215,657 | €210,939 | €210,131 | €208,037 | €210,014 | ▲ 1.0% |
| Fixed assets21/28 | €201,411 | €196,774 | €192,317 | €191,307 | €187,282 | ▼ 2.1% |
| Tangible fixed assets22/27 | €201,411 | €196,774 | €192,317 | €191,307 | €187,282 | ▼ 2.1% |
| Land and buildings22 | €200,031 | €195,728 | €191,533 | €187,337 | €183,142 | ▼ 2.2% |
| Plant, machinery and equipment23 | €1,308 | €1,046 | €785 | €3,970 | €4,141 | ▲ 4.3% |
| Furniture and vehicles24 | €71 | - | - | - | - | - |
| Current assets29/58 | €14,246 | €14,165 | €17,813 | €16,730 | €22,731 | ▲ 35.9% |
| Cash at bank and in hand54/58 | €14,246 | €14,165 | €5,621 | €15,007 | €21,008 | ▲ 40.0% |
| Deferred charges and accrued income490/1 | - | - | €12,192 | €1,723 | €1,723 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215,657 | €210,939 | €210,131 | €208,037 | €210,014 | ▲ 1.0% |
| Equity10/15 | €175,360 | €167,574 | €164,543 | €161,744 | €164,188 | ▲ 1.5% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €150,259 | €150,259 | €150,259 | €150,259 | €150,259 | = |
| Non-distributable reserves130/1 | €9,916 | €9,916 | - | - | - | - |
| Reserves not available under the articles1311 | €9,916 | €9,916 | - | - | - | - |
| Distributable reserves133 | €140,343 | €140,343 | €150,259 | €150,259 | €150,259 | = |
| Profit (loss) carried forward14 | €101 | -€7,685 | -€10,715 | -€13,515 | -€11,071 | ▲ 18.1% |
| Amounts payable17/49 | €40,297 | €43,365 | €45,587 | €46,293 | €45,826 | ▼ 1.0% |
| Amounts payable within one year42/48 | €39,347 | €42,415 | €44,637 | €45,343 | €44,876 | ▼ 1.0% |
| Trade debts44 | - | €3,325 | €5,567 | €6,265 | €5,903 | ▼ 5.8% |
| Suppliers440/4 | - | €3,325 | €5,567 | €6,265 | €5,903 | ▼ 5.8% |
| Other amounts payable47/48 | €39,347 | €39,091 | €39,071 | €39,078 | €38,973 | ▼ 0.3% |
| Accrued charges and deferred income492/3 | €950 | €950 | €950 | €950 | €950 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€511 | -€7,786 | -€3,031 | -€2,799 | €2,444 | ▲ 187% |
| + Depreciation and write-downs630 | €5,535 | €4,636 | €4,457 | €4,515 | €4,524 | ▲ 0.2% |
| Operating cash flow (approximation) | €5,024 | -€3,150 | €1,426 | €1,716 | €6,967 | ▲ 306% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,505 | -€499 | ▲ 85.8% |
| Change in cash | - | -€81 | -€8,543 | €9,385 | €6,001 | ▼ 36.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Back to profitnet €2,444
Net result €2,444 after 5 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€7,786
Net result drops to -€7,786, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 27 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €967
Net result €967 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Genappe
Ground area
4,209 m²
Building footprint
271 m²
Volume, LiDAR
1,513 m³
Parcel 25013B0140/00E000, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25013B0140/00E000 | Wallonia | 4,209 m² | 1 · 271 m² | 8.8 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-1984
Fiscal year end31-12
Abbreviation FR
C.M.U.W.
Contact
E-mail
nadege.uyttenhoef@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427467914
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.