Cuyvers HVAC
ActiveCuyvers HVAC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251k and a net result of €5k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 72% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-8
Solvency88▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.2 in 2024; short-term debt: 30.4% and cash: 4% of total assets), and 36.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
63.5%
Return on assets
1.3%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-03-2026, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
125 d early
2023
69 d early
2022
68 d early
2021
2 d early
2020
123 d early
2019
13 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€251k▲ 2.1%
2024 · €246k
2018: €54k
2019: €61k
2020: €112k
2021: €134k
2022: €152k
2023: €212k
2024: €246k
2018 → 2025
Total assets
€396k▼ 9.2%
2024 · €436k
2018: €106k
2019: €93k
2020: €175k
2021: €234k
2022: €259k
2023: €453k
2024: €436k
2018 → 2025
Net result
€5k▼ 84.5%
2024 · €34k
2018: €4k
2019: €17k
2020: €57k
2021: €22k
2022: €22k
2023: €68k
2024: €34k
2018 → 2025
Working capital
€187k▲ 13.6%
2024 · €165k
2018: €41k
2019: €49k
2020: €90k
2021: €90k
2022: €116k
2023: €170k
2024: €165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€152k▲ 13.3%€212k▲ 39.5%€246k▲ 15.9%€251k▲ 2.1%
Operating result€30k-€31k▲ 4.3%€93k▲ 199%€59k▼ 36.1%€14k▼ 75.8%
Net result€22k-€22k▼ 0.7%€68k▲ 211%€34k▼ 50.4%€5k▼ 84.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €396k
Fixed assets
€88k▼ 33.8%
Current assets
€308k▲ 1.7%
Equity and liabilities €396k
Equity
€251k▲ 2.1%
Debt
€145k▼ 23.9%
The debt ratio falls from 43.6% to 36.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▼
2024 · €107k
Cash flow
€50k▼
2024 · €81k
Solvency
63.5%▲
2024 · 56.4%
Current ratio
2.56▲
2024 · 2.20
Quick ratio
2.01▲
2024 · 1.73
Debt / equity
0.58▼
2024 · 0.77
ROE
2.1%▼
2024 · 13.7%
ROA
1.3%▼
2024 · 7.7%
Interest coverage
15.29▼
2024 · 16.72
Debt
€145k▼
2024 · €190k
Debt ≤ 1 year
€120k▼
2024 · €138k
Debt > 1 year
€24k▼
2024 · €52k
Income taxes
€5k▼
2024 · €20k
Staff costs
€93k▲
2024 · €57k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€436k€396k▼
Fixed assets21/28€133k€88k▼
Tangible fixed assets22/27€133k€88k▼
Land and buildings22€10k€7k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€101k€69k▼
Leasing and similar rights25€5k€736▼
Other tangible fixed assets26€5k€3k▼
Current assets29/58€303k€308k▲
Stocks and contracts in progress3€65k€66k▲
Stocks30/36€36k€41k▲
Contracts in progress37€29k€25k▼
Amounts receivable within one year40/41€230k€211k▼
Trade receivables40€66k€41k▼
Other amounts receivable41€164k€171k▲
Cash at bank and in hand54/58€21€16k▲
Deferred charges and accrued income490/1€8k€14k▲
Equity and liabilities
Total equity and liabilities10/49€436k€396k▼
Equity10/15€246k€251k▲
Contributions10/11€6k€6k=
Reserves13€240k€245k▲
Distributable reserves133€240k€245k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€190k€145k▼
Amounts payable after more than one year17€52k€24k▼
Financial debts170/4€52k€24k▼
Amounts payable within one year42/48€138k€120k▼
Current portion of amounts payable after more than one year42€35k€28k▼
Financial debts43€8k€0▼
Credit institutions430/8€8k€0▼
Trade debts44€80k€85k▲
Suppliers440/4€80k€85k▲
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€2k€508▼
Remuneration and social security454/9€2k€6k▲
Other amounts payable47/48€11k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€6k€4k▼
Remuneration, social security and pensions62€57k€93k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€45k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€168k€156k▼
Operating profit (loss)9901€59k€14k▼
Financial income75/76B€872€52▼
Recurring financial income75€872€52▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€54k€11k▼
Income taxes67/77€20k€5k▼
Profit (loss) for the period9904€34k€5k▼
Profit (loss) for the period to be appropriated9905€34k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€5k▼
Transfer to equity691/2€34k€5k▼
To other reserves6921€34k€5k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90871.11.1=
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €68k ▲211%
Operating result €93k, net result €68k, both a record.
31-12
Financial
Equity above €200kEq €212k ▲39.5%
6 profitable years in a row build equity to €212k.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €150kEq €152k ▲13.3%
5 profitable years in a row build equity to €152k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €112k ▲84.2%
3 profitable years in a row build equity to €112k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
31-12-2025
Meynen Kristel: Resigned as Director
01-12-2020
Meynen Kristel: Resigned as Manager
01-12-2020
CUYVERS Rudy Karel Maria: Resigned as Manager
Location & real-estate footprint
Registered office, Dessel · 2 establishment units since 2009
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.
Nieuwedijk 642480 DesselGround area
5,413 m²
Building footprint
2,326 m²
Volume, LiDAR
3,981 m³
2 parcels, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
2 establishment units
Rudy Cuyvers
since 20092.184.147.713
Zandbergen 12, 2480 Dessel
since 20212.325.219.959
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006F0004/00S006 | Flanders | 4,483 m² | 1 · 2,076 m² | 4.0 m |
| 13006D0139/00D009 | Flanders | 930 m² | 1 · 251 m² | 6.3 m · 1 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.
Similar companies · same sector, comparable size
GREGOIR-DE-RAET
BE 0475.137.969
Assenede · Eq €251k
LM CONFORT
BE 0657.916.257
Aywaille · Eq €252k
NADESCO
BE 0887.730.538
Maarkedal · Eq €251k
SANITAIR EN VERWARMING LEFEVERE SIEGFRIED
BE 0829.429.083
Houthulst · Eq €252k
HOOFT JOHAN
BE 0828.172.637
Buggenhout · Eq €251k
Of 9,530 companies in sector 43222 we hold annual accounts for 5,661. 4,673 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2009
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.