Equity
€593,586 from €3.5m in 2024
Equity fell by 83% in 1 year.
N.V. CUYPERS
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1997peak €2.3m (2024)
€2.1m▼ 7.2%
lowest -€527,372 (2015)
€790,031▲ 9.9%
peak €3.5m (2024)
€593,586▼ 83.0%
€8.9m▲ 495%
peak 22.7 FTE (2023)
15.8 FTE▼ 29.8%
Board8 names since 2019
2 directorsTim Anthonis and 1 other
Owners2 names in the annual accounts
100%ZIBO
Documentsfilings and deeds
30-10-20251 day before the deadline
2025abbreviated format
Staff from 22.5 FTE to 15.8 FTEDividend €3.3mEquity from €3.5m to €593,586Debts from €1.5m to €8.9mInvestments €3.1mCash from €1.5m to €2.4m
Key points
from the 2025 annual accountsDebts
€8.9m 94% of the balance sheet
Financial debts 47%Suppliers 2%Taxes and wages 2%Other 49%
Of this, €2.0m falls due within a year.
Investments
€5.6m 24.5 × depreciation
Green is investment, beige is depreciation. Machinery stands 65.1% higher than in 2024.
Staff
15.8 FTE from 22.7 in 2023
Between 2023 and 2025, 30% of the full-time equivalents disappeared.
Filings
28 annual accounts 9 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
Position in the sector
€790,031
Higher net result than 95% of companies in retail trade. Sector median €27,458 · 12,841 companies.
Checked score
86
Excellent
Financially stronger than 48% of small companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
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 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: 0.1%▲ +0.1 percentage points vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
11-2026: 0.3%▲ +0.1 percentage points vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Figures for financial year 2025 (filed on 30-10-2025)
Equity €593,586 (6.2% of total assets)
lowers risk
Liquidity: current ratio 1.94, cash €2.4m
Size: 15.8 FTE, total assets €9.5m
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 47, small). It does better than 17% of them on solvency, 92% on liquidity, 76% on profitability and 5% on growth.
The bankruptcy probability was computed on 08-11-2026 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 31-03-2025.
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, 496 companies had the same profile as N.V. CUYPERS has now. Each dot is one company, two years later.
95.6%
were still trading
3.2%
stopped another way
1.2%
went bankrupt
That fits the bankruptcy probability of N.V. CUYPERS itself: 0.3% 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 496 companies, not a prediction for N.V. CUYPERS. 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 €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94 (3.48 in 2024), above the usual 1.5. Short-term debt is 21% and cash 25.1% of total assets. However, 93.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 12852 sector peers (2025).
NBB · sector comparisonPosition among 12852 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
1 day early
2024
21 days early
2023
14 days late
2022
30 days late
2021
30 days late
2020
27 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 13 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
2 directors appointed, 3 resignations
Resignations: Arthur De Greef, Ingrid De Koster and DEKO · Permanent representatives: Arthur De Greef and Steven Stouten · Appointments: ZIBO and Tim Anthonis · General meeting of 02-04-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458119023
Amendment of the articles
Gazette deed
Capital decrease of €445,500 to €62,000
Capital from €507,500 to €62,000, 1,004 shares cancelled · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| N.V. CUYPERS Haacht | €9.5m | €2.1m | 6.2% | 15.8 |
| DISFRAIS Halle | €6.9m | €3.7m | 94.4% | 17.6 |
| CLEMENCO Crisnée | €7.5m | €1.7m | 82.6% | 16.2 |
| RIFEKA Dilsen-Stokkem | €5.8m | €1.2m | 18.0% | 15.8 |
| PAUWELS-ASSELMAN Mechelen | €5.7m | €1.7m | 9.4% | 17.2 |
| F.D.B. Ternat | €12.8m | €3.0m | 25.1% | 27.1 |
| KASPERS - LANDEN Landen | €4.1m | €1.4m | 22.6% | 11.9 |
These companies have the same main activity as N.V. CUYPERS: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €4.1m and €13m, founded between 1988 and 2002.
Official details
Source: KBO- Status
- Active since 28-05-1996Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Joint committee
- 201Independent retail · annual accounts 31-03-2025
- Establishment unit
- 2.077.239.1623150 Haacht, since 08-07-1996
- Financial year end
- 31 March
- Peppol
- Reachable since 24-11-2023
Annual accounts to 31-03-2025
- ≈ €14.0mestimated
- €9.5m▲ 91.1%
- Employeeson 31-03-2025
- 19▼ 17.4%
- Filing
- Filed on 30-10-2025
Insights on N.V. CUYPERS
N.V. CUYPERS files the abbreviated format. That format states no turnover. The gross margin rose from €503,206 in 2006 to €2.1m in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
ZIBO holds all the shares. In March 2024, three directors stepped down.
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 N.V. CUYPERS
- What is the company number of N.V. CUYPERS?
- The company number of N.V. CUYPERS is 0458.119.023. The VAT number is the same number with BE in front: BE 0458.119.023.
- Where is N.V. CUYPERS based?
- The registered office is at Dijkstraat 42, 3150 Haacht.Company details
- What does N.V. CUYPERS do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of N.V. CUYPERS?
- N.V. CUYPERS is a public limited company (NV).
- When was N.V. CUYPERS founded?
- N.V. CUYPERS was founded on 28-05-1996.
- Is N.V. CUYPERS still active?
- Yes, N.V. CUYPERS is an active enterprise in the KBO register.
- How many employees does N.V. CUYPERS have?
- N.V. CUYPERS had an average of 15.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does N.V. CUYPERS fall under?
- In its 31-03-2025 annual accounts, N.V. CUYPERS states joint committee 201 (Independent retail).
- What is the turnover of N.V. CUYPERS?
- The turnover in financial year 2025 is ≈ €14.0m. This figure is estimated from the gross margin of €2.1m and 30 comparable companies (NACE 471). It probably lies between €8.7m and €17.0m.
- Is N.V. CUYPERS profitable?
- In financial year 2025, N.V. CUYPERS made a profit of €790,031.
- Where can I find the annual accounts of N.V. CUYPERS?
- N.V. CUYPERS filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
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