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Cuzzi & Macler

Active Private limited company (pre-2019)founded 2012active for 13 yearsJachtlaan 133/135, 1040 EtterbeekKBO/BCE: BE 0508.518.441

Overview

Lifetime

13 annual accounts with figures on one time axis
peak €201,857 (2019)
€7,307▲ €8,014
lowest -€12,971 (2022)
€5,792▲ €11,216
peak €965,358 (2019)
€965,064▲ 0.6%
€475,501▲ 6.7%
Board2 names since 2019
1 directorHAZEL INSIGHT SL
Documentsfilings and deeds
27-10-20264 days before the deadline
2026abbreviated format
Gross margin from -€707 to €7,307Back to profit: €5,792

Key points

from the 2026 annual accounts

Liquidity

2.32 was 0.94 in 2025

Short-term debts fell from €305,466 to €139,072.

Filings

13 annual accounts since 2014
deadline201520202025

Six of the last ten came late. The 2019 accounts came latest: 386 days after the end of the period.

Group

4 companies controlled

Heads a group.

Checked score

86
Excellent
Financially stronger than 55% of micro companies in head offices and management consultancy (NACE 70)
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: 0.1% across 48,570 companies (NACE 70, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.6%highest value 01-2025: 1.6%● unchanged vs 12-2024highest value 02-2025: 1.6%● unchanged vs 01-2025highest value 03-2025: 1.6%● unchanged vs 02-2025highest value 04-2025: 0.7%▼ -0.9 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.8%▲ +0.1 percentage points vs 09-2025 11-2025: 1.1%▲ +0.3 percentage points vs 10-2025 12-2025: 0.3%▼ -0.8 percentage points vs 11-2025 01-2026: 0.4%▲ +0.1 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.3%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: 0.3%● unchanged vs 10-2026lowest value

Financial strength
Strong

92-1equity 67.0% of total assets
100+57short-term debt 9.7%
39+2return on assets 0.4%

Score breakdown

raises risk
Liquidity: current ratio 2.32
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €1.4m
Founded in 2012
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 70, micro). It does better than 62% of them on solvency, 97% on liquidity, 19% on profitability and 43% 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 31-03-2026.

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).

Credit verdict

Credit of up to €80,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.32 (0.94 in 2025), above the usual 1.5. Short-term debt is 9.7% of total assets. 33% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.32
NBB · annual accounts
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €1.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2012
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 27-10-2026, 4 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
4 days early
2025
1 day early
2024
4 days late
2023
1 day early
2022
32 days late
2021
15 days late
2020
34 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

HI
HAZEL INSIGHT SL
Director, Marc Chasserot, since 01-01-2019

Shares in 1 company, SHECCO

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0508518441
Registered office moved from Brussels to Etterbeek New registered office: avenue de la Chasse 133-135 à 1040 Etterbeek · Previous registered office: rue Royale 15 à 1000 Bruxelles · General meeting of 26-01-2023 · Gazette deed
Registered office moved within Brussels New registered office: avenue de la Chasse 133-135 à 1040 Bruxelles · Previous registered office: rue Royale 15, 1000 Bruxelles · Permanent representative: Marc Chasserot · General meeting of 20-11-2020 · Gazette deed
Incorporation published on 31-12-2012 · Gazette deed
All 24 events

Comparable companies

same main activity, similar in size and age
Company
Cuzzi & Macler Etterbeek €1.4m €7,307 67.0% -
D.U.B. Schaerbeek €1.5m €8,610 97.2% -
JMC Placements Charleroi €1.4m €8,001 24.0% -
INTERNATIONAL CONSULTING BOEHLEN Brasschaat €1.4m €7,583 -24.8% -
EUROPEAN INVESTMENT HUB Ixelles €1.2m €5,822 38.0% -
INTERTRAN GROUP Auderghem €2.1m €6,773 66.7% -
SOCADAN Kortrijk €1.1m €6,834 99.2% -

These companies have the same main activity as Cuzzi & Macler: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.1m and €2.1m, founded between 2010 and 2014.

Official details

Source: KBO
Status
Active since 18-12-2012Normal situation
Registered office
165 active companies are registered at this address8 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Business and other management consultancyNACE 70200
Establishment unit
2.215.852.5581180 Uccle, since 17-12-2012
Financial year end
31 March
Peppol
Reachable since 15-12-2025
Company details

Annual accounts to 31-03-2026

€7,307
≈ €29,000estimated
€5,792
€965,064▲ 0.6%
€1.4m▲ 2.5%
Filing
Filed on 27-10-2026, 4 days before the end of the filing period
Financials

Insights on Cuzzi & Macler

Cuzzi & Macler files the abbreviated format. That format states no turnover. The gross margin fell from €11,138 in 2014 to €7,307 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

abbreviated format, filed on 27-10-2026, 4 days before the deadline
€7,307
▲ €8,014
€6,309
▲ €7,883
€5,792
▲ €11,216
€183,653
▲ €202,187
67.0%
▼ 1.3 percentage points
2.32
▲ 1.38

The turnover shown is an estimate from the gross margin.

Turnover ≈ €29,000. Estimated: probably between €13,000 and €73,000.

Balance sheet

balance sheet total €1.4m on 31-03-2026
What the company ownsHow it is paid for

in euro

Position in the sector

67.0%

Higher than 65% of 10,855 companies in 2025.

2.32

Higher than 35% of 10,477 companies in 2025.

0.4%

Higher than 20% of 10,724 companies in 2025.

Cuzzi & Macler Middle half of the sector 80% of the sector Abbreviated accounts in head offices and management consultancy (NACE 70)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2026202520242023202220212020201920182017201620152014
Balance sheet: assets
20/58 1.4m1.4m1.5m1.5m1.4m1.5m1.4m1.4m1.2m1.3m1.3m1.1m1.2m
21/28 1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m
22/27 ----------1,1472,294-
24 ----------1,1472,294-
28 1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m1.1m
29/58 322,724286,931352,064357,673318,828342,344329,817288,624112,578150,367144,18413,92534,019
29 285,142285,242297,814297,814297,814297,814280,117262,517100,142141,797138,521--
290 ----------138,521--
291 285,142285,242297,814297,814297,814297,814280,117262,517100,142141,797---
40/41 37,5831,57054,25059,85921,00044,49849,70026,10711,5392,867-9,12132,775
40 2,000-54,25059,85921,00031,60021,00026,1078,672--3,60032,775
41 35,5831,570---12,89828,700-2,8672,867-5,521-
54/58 -120--1533--8965,7035,6644,8041,076
490/1 ------------168
Balance sheet: equity and liabilities
10/49 1.4m1.4m1.5m1.5m1.4m1.5m1.4m1.4m1.2m1.3m1.3m1.1m1.2m
10/15 965,064959,271964,696956,629950,813963,785964,344965,358845,232797,215745,313668,212640,378
10/11 637,600637,600637,600637,600637,600637,600637,600637,600637,600637,600637,600637,600637,600
100 ------637,600637,600637,600637,600637,600637,600637,600
13 19,03619,03619,03619,03619,03619,03619,03619,03613,03010,6298,0344,1782,778
130/1 16,40816,40816,40816,40816,40816,408-------
130 ------16,40816,40810,4018,0015,4051,550150
1311 16,40816,40816,40816,40816,40816,408-------
133 2,6282,6282,6282,6282,6282,6282,6282,6282,6282,6282,6282,6282,628
14 308,427302,635308,060299,992294,177307,149307,708308,722194,602148,98699,68026,433-
17/49 475,501445,500505,208518,884485,615496,159483,073440,866384,946470,752517,618465,607511,241
17 336,429140,034140,035280,836275,527263,344247,460101,971139,414278,062445,685395,685398,032
170/4 90,00090,00091,29591,29591,29591,29591,2951,29532,71463,062120,685120,685148,032
176 ---189,541184,232172,049-------
178/9 246,42950,03448,740---156,165100,676106,700215,000325,000275,000250,000
42/48 139,072305,466365,151237,999210,050232,778235,576338,852242,374189,37670,84069,586113,209
42 16,75222,50298,980128,95197,392109,464123,341182,700130,34780,504-27,34725,312
43 60-7931,0941,0001,0001,00027-----
430/8 60-7931,0941,0001,0001,00027-----
44 93,323254,161225,96864,65864,52757,81346,73554,17440,39023,54918,72621,60216,606
440/4 93,323254,161225,96864,65864,52757,81346,73554,17440,39023,54918,72621,60216,606
46 ----------312312-
45 28,93728,80328,80332,54930,75055,75055,75093,20265,51281,82451,80220,32526,711
450/3 28,93728,80328,80332,54930,75055,75055,75093,20265,51279,76851,80220,3258,681
454/9 ---------2,055--18,030
47/48 --10,60510,74916,3818,7508,7508,7506,1253,500--44,580
492/3 --2349383838433,1573,3141,093336-
Income statement
9900 7,307-70715,24538,303-12,611-493-201,85777,064100,334120,53051,29211,138
630 ---------1,1471,1471,147-
640/8 998868-165165--8682,1685,9804372,7191,115
9901 6,309-1,57515,24538,138-12,776-493-200,98974,89693,206118,94647,42610,023
75/76B --------5,9019,104-038
75 --------5,9019,104-038
65/66B 3833,8507,17832,3221956635225,1729,75617,9186,3827,9836,358
65 3833,8507,17832,3221956635225,1729,75617,9186,3827,9836,358
9903 5,926-5,4248,0675,815-12,971-559-352175,81671,04184,392112,56439,4423,703
67/77 134-----66255,69023,02432,49035,46311,609925
9904 5,792-5,4248,0675,815-12,971-559-1,014120,12648,01751,90277,10227,8332,778
9905 5,792-5,4248,0675,815-12,971-559-1,014120,12648,01751,90277,10227,8332,778
Appropriation of the result
9906 308,427302,635308,060299,992294,177307,149307,708314,728197,003151,581103,53527,8332,778
14P 302,635308,060299,992294,177307,149--------
691/2 -------6,0062,4012,5963,8551,4002,778
6920 -------6,0062,4012,5963,8551,400150
6921 ------------2,628
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 27-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 abbreviated format 27-10-2026 2026-00570995 PDF
31-03-2025 full format 30-10-2025 2025-00558235 PDF
31-03-2024 full format 04-11-2024 2024-00528287 PDF
31-03-2023 full format 30-10-2023 2023-00500960 PDF
31-03-2022 full format 02-12-2022 2022-20531946 PDF
31-03-2021 full format 15-11-2021 2021-77700063 PDF
31-03-2020 full format 04-12-2020 2020-74700147 PDF
31-03-2019 full format 20-11-2020 2020-71300084 PDF
31-03-2018 full format 30-10-2018 2018-71100531 PDF
31-03-2017 full format 09-11-2017 2017-69500085 PDF
31-03-2016 full format 13-11-2017 2017-69600397 PDF
31-03-2015 full format 31-12-2015 2015-71100547 PDF
31-03-2014 full format 13-11-2014 2014-67000269 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2026202520242023202220212020201920182017201620152014
---------94,353120,09348,573-
---------53,04978,24928,981-
---240-----003,4411.1m
-----18----4,807408593,728-
183,653-18,535-13,087119,674108,779109,56794,242-50,228-129,796-39,00973,344-55,661-79,190
67.0%68.3%65.6%64.8%66.2%66.0%66.6%68.6%68.7%62.9%59.0%58.9%55.6%
2.320.940.961.501.521.471.400.850.460.792.040.200.30
0.490.460.520.540.510.510.500.460.460.590.690.700.80
0.6%-0.6%0.8%0.6%-1.4%-0.1%-0.1%12.4%5.7%6.5%10.3%4.2%0.4%
0.4%-0.4%0.5%0.4%-0.9%0.0%-0.1%8.5%3.9%4.1%6.1%2.5%0.2%

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Financial fixed assets---€240-

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on Cuzzi & Macler

The operating result for 2026 is a profit of €6,309, after a loss of €1,575 in 2025.

Debt's share of the balance-sheet total rises from 31.7% to 33.0%. Equity and debt are higher.

Board & ownership

Board

1 director, last change in 2021
HAZEL INSIGHT SL
Director, permanent representative Marc Chasserot
since 01-01-2019
listed in the 2026 annual accounts, filed on 27-10-2026
Permanent representatives 1
Permanent representative, for HAZEL INSIGHT SL
appointed by deed of 10-03-2021

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
HAZEL INSIGHT SL
Director
Marc Chasserot
Sole director
BoardEarliermandate already running before its first mention
Mandates as a list
  • HAZEL INSIGHT SL
    • Director, from 01-01-2019 to date
  • Marc Chasserot
    • Sole director, until 10-03-2021

See the board, name and registered office on a given date →

Control

Capital

Contribution
€637,600
Source
2026 annual accounts

Network & group

Holdings

own accounts to 31-03-2026, the bar shows equity in euros
This companyCuzzi & Macler1 holding, 1 country accounts to 31-03-2026

Belgium 1 Equity Result

  • BE SHECCO76% €565,015 result €114,762

Source: list of holdings in its own 31-03-2026 accounts. Every holding stands with its own latest accounts.

Holdings and subsidiaries

1 holding · 4 subsidiaries, including indirect ones

Holdings 1

Share, source and own figures per holding (1)
All subsidiaries, including indirect ones 4

Cuzzi & Macler or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

  • SHECCO 76%3 subsidiaries
    • Shecco America Inc.US 100%
    • Shecco Japan KKJP 100%
    • beatPlus GmbHDE 51%
Holdings through the years 2014 to 2026
Holdings through the years
Name2014201520162017201820192020202120222023202420252026
SHECCO 76%

Source: list of holdings in its own accounts

Connections & network

1 current director
Depth

The network starts from the directors of Cuzzi & Macler. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

24 events since 2012

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBabbreviated format · 4 days before the deadline
Back to profit net €5,792 The net result is €5,792, after one loss-making year.
Liquidity more than doubled current ratio 2.32 The current ratio rises from 0.94 to 2.32. Short-term debt falls from €305,466 to €139,072.
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0508518441
Annual accounts 2025 filed PDFfull format · 1 day before the deadline
2024
Annual accounts 2024 filed PDFfull format · 4 days late
2023
Annual accounts 2023 filed PDFfull format · 1 day before the deadline
Back to profit net €5,815 The net result is €5,815, after 3 loss-making years.
Registered office moved from Brussels to EtterbeekNew registered office: avenue de la Chasse 133-135 à 1040 Etterbeek · Previous registered office: rue Royale 15 à 1000 Bruxelles · General meeting of 26-01-20232 points ▸
  • General meeting, 26-01-2023
  • Registered-office move, avenue de la Chasse 133-135 à 1040 Etterbeek

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFfull format · 32 days late
Weakest financial year net -€12,971 The net result drops to -€12,971, the lowest from 2014 to 2026. It recovers the following year.
2021
Annual accounts 2021 filed PDFfull format · 15 days late
Registered office moved within BrusselsNew registered office: avenue de la Chasse 133-135 à 1040 Bruxelles · Previous registered office: rue Royale 15, 1000 Bruxelles · Permanent representative: Marc Chasserot · General meeting of 20-11-20205 points ▸
  • General meeting, 20-11-2020
  • Permanent representative, Marc Chasserot
  • Registered-office move, avenue de la Chasse 133-135 à 1040 Bruxelles
  • Director resignation, Marc Chasserot (sole director)
  • Director appointment, HAZEL INSIGHT SL

Open the deed in the Belgian Official Gazette

2020
Annual accounts 2020 filed PDFfull format · 34 days late
Annual accounts 2019 filed PDFfull format · 386 days late
2019
Highest result from 2014 to 2026 net €120,126 ▲150% The net result of €120,126 is the highest of those years.
2018
Annual accounts 2018 filed PDFfull format · 1 day before the deadline
2017
Annual accounts 2016 filed PDFfull format · 378 days late
Annual accounts 2017 filed PDFfull format · 9 days late
2016
Liquidity more than 10 times current ratio 2.04 The current ratio rises from 0.20 to 2.04.
2015
Annual accounts 2015 filed PDFfull format · 61 days late
2014
Annual accounts 2014 filed PDFfull format · 13 days late
2012
Incorporation PDFpublished on 31-12-2012
First establishment Sterrewachtlaan 3/6, Uccle

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 18 December 2012, Cuzzi & Macler was incorporated.1 The registered office moved to Brussels in 2021 and to Etterbeek in 2023.23 Total assets went from €1.4m in 2019 to €1.4m in 2026.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-03-2021
  3. 3Belgian Official Gazette, 31-03-2023
  4. 4National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0508.518.441
VAT number
BE 0508.518.441
Peppol ID
0208:0508518441
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
18-12-2012
Financial year
ends on 31 March
Peppol
Reachable since 15-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Cuzzi & Macler in French
Abbreviation
CM+ in French
Entity type
Legal entity

Activities

NACEBEL 2025
Codes under NACEBEL 2008
70220 Business consulting main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Jachtlaan 133/135 registered office 1040 Etterbeek
Sterrewachtlaan 3/6 1180 Uccle 17-12-2012 2.215.852.558
2 former offices
  • rue Royale 15, 1000 Bruxelles until 26-01-2023 · deed of 31-03-2023
  • rue Royale 15, 1000 Bruxelles until 01-01-2021 · deed of 10-03-2021

Buildings and parcels at the addresses

Ground area
3,521 m²
Buildings
814 m²
Volume, LiDAR
17,558 m³
Tallest building
27.0 m
Buildings to scale, each on its own parcel
750 m², 27.0 m 63 m², 17.8 m 750 m², 27.0 m 63 m², 17.8 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21612C0286/00H0143,446 m² 1 · 750 m² 27.0 m · 7
21364B0183/00H00375 m² 1 · 63 m² 17.8 m · 5