ERIC CUSAS
ActiveERIC CUSAS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €306k and a net result of €174k. Equity is growing by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 58% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency91▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.98 against 2.0 in 2023; short-term debt: 33.5% and cash: 81.7% of total assets), and 33.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
66.5%
Return on assets
37.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
26 d late
2022
33 d early
2021
51 d late
2020
26 d late
2019
119 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€306k▲ 20.2%
2023 · €255k
2018: €14k
2019: €14k
2020: €96k
2021: €98k
2022: €192k
2023: €255k
2018 → 2024
Total assets
€461k▼ 11.4%
2023 · €520k
2018: €315k
2019: €209k
2020: €207k
2021: €173k
2022: €410k
2023: €520k
2018 → 2024
Net result
€174k▼ 25.8%
2023 · €234k
2018: €238k
2019: €143k
2020: €82k
2021: €2k
2022: €222k
2023: €234k
2018 → 2024
Working capital
€306k▲ 17.7%
2023 · €260k
2018: €-9k
2019: €-7k
2020: €97k
2021: €88k
2022: €209k
2023: €260k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€96k-€98k▲ 2.4%€192k▲ 95.6%€255k▲ 32.9%€306k▲ 20.2%
Operating result€107k-€8k▼ 92.6%€306k▲ 3,786%€316k▲ 3.4%€231k▼ 27.0%
Net result€82k-€2k▼ 97.2%€222k▲ 9,700%€234k▲ 5.2%€174k▼ 25.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €461k
Equity
€306k▲ 20.2%
Debt
€155k▼ 41.7%
The debt ratio falls from 51.0% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
66.5%▲
2023 · 49.0%
Current ratio
2.98▲
2023 · 2.00
Quick ratio
2.98▲
2023 · 2.00
Debt / equity
0.50▼
2023 · 1.04
ROE
56.6%▼
2023 · 91.8%
ROA
37.6%▼
2023 · 45.0%
Debt
€155k▼
2023 · €265k
Debt ≤ 1 year
€155k▼
2023 · €260k
Income taxes
€59k▼
2023 · €82k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€520k€461k▼
Current assets29/58€520k€461k▼
Amounts receivable within one year40/41€24k€43k▲
Trade receivables40€5k€5k▼
Other amounts receivable41€20k€39k▲
Cash at bank and in hand54/58€416k€377k▼
Deferred charges and accrued income490/1€80k€41k▼
Equity and liabilities
Total equity and liabilities10/49€520k€461k▼
Equity10/15€255k€306k▲
Contributions10/11€12k€12k=
Reserves13€242k€294k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€241k€292k▲
Amounts payable17/49€265k€155k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€260k€155k▼
Current portion of amounts payable after more than one year42€11k€6k▼
Trade debts44€9k€9k▲
Suppliers440/4€9k€9k▲
Taxes, remuneration and social security45€69k€18k▼
Taxes450/3€69k€18k▼
Other amounts payable47/48€171k€122k▼
Accrued charges and deferred income492/3-€31
Income statement
Code20232024
Other operating charges640/8-€384
Gross operating margin9900€316k€231k▼
Operating profit (loss)9901€316k€231k▼
Financial income75/76B€411€2k▲
Recurring financial income75€411€2k▲
Financial charges65/66B€814€560▼
Recurring financial charges65€814€560▼
Profit (loss) for the period before taxes9903€316k€232k▼
Income taxes67/77€82k€59k▼
Profit (loss) for the period9904€234k€174k▼
Profit (loss) for the period to be appropriated9905€234k€174k▼
Appropriation of the result
Profit (loss) to be appropriated9906€234k€174k▼
Transfer to equity691/2€63k€52k▼
To other reserves6921€63k€52k▼
Profit to be distributed694/7€171k€122k▼
Return on contributions (dividend)694€171k€122k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €200kEq €255k ▲32.9%
6 profitable years in a row build equity to €255k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €192k ▲95.6%
5 profitable years in a row build equity to €192k.
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
2021
31-12
Financial
Weakest financial yearnet €2k ▼97.2%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 2.64
Current ratio from 0.96 to 2.64; short-term debt falls from €169k to €59k.
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
18-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Etterbeek
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.
Louis Schmidtlaan 291040 EtterbeekGround area
4,115 m²
Building footprint
2,273 m²
Volume, LiDAR
34,859 m³
Parcel 21363B0348/00Z000, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,051 companies in sector 69101 we hold annual accounts for 9,053. 6,701 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2010
Fiscal year end31-12
Abbreviation FR
ECUS
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.