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Fabien de Cugnac

Active
Public limited companyfounded 1988active for 38 yearsKoningsstraat 253, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0433.954.541
Summary

The computed 12-month bankruptcy probability of Fabien de Cugnac is 2.1% (moderate). The 2024 annual accounts show negative equity (-€132,633) and a net result of -€70. Equity has been stable since 2018 (±1% per year). Its solvency ranks better than 5% of 4,286 sector peers (NACE 74, financial year 2024). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 28-04-1988 Normal situation
Activity
Photography, excluding press photography NACE 74201
Establishment unit
2.037.699.487 1030 Schaarbeek, since 04-05-1988
Financial year end
31 December
Peppol
Reachable since 03-01-2026

Board and ownership

Board
  • DE CUGNAC FABIENDirector

Financial position

52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.1%
Annual accounts 2024
Gross margin
€3,590
Turnover
≈ €22,000
estimated
Loss
€70
▼ 98.5%
Equity
-€132,633
▼ 0.1%
Total assets
€26,026
▼ 39.5%
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises risk1 financial year not filed after the legal deadline; last filed accounts filed 296 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 23-05-2026)Liquidity: current ratio 0.08, cash €508, halvedlowers riskFounded in 1988Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 22% of micro companies in other professional activities (NACE 74)
Financial strength · tick: 2023
Weak
Solvency 0=
equity -509.6% of total assets
Liquidity 2-29
short-term debt 609.6% · cash 2.0%
Profitability 68+63
return on assets -0.3%
Bankruptcy probability within 12 months
2.1% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,430 companies, NACE 74, micro)
Last 24 months 12-2024: 0.8%lowest value 01-2025: 1.8%▲ +1.0 percentage point vs 12-2024 02-2025: 1.8%● unchanged vs 01-2025 03-2025: 2.0%▲ +0.2 percentage points vs 02-2025 04-2025: 1.8%▼ -0.2 percentage points vs 03-2025 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 2.6%▲ +0.8 percentage points vs 07-2025 09-2025: 2.6%● unchanged vs 08-2025 10-2025: 3.0%▲ +0.4 percentage points vs 09-2025highest value 11-2025: 3.0%● unchanged vs 10-2025highest value 12-2025: 3.0%● unchanged vs 11-2025highest value 01-2026: 3.0%● unchanged vs 12-2025highest value 02-2026: 3.0%● unchanged vs 01-2026highest value 03-2026: 3.0%● unchanged vs 02-2026highest value 04-2026: 3.0%● unchanged vs 03-2026highest value 05-2026: 3.0%● unchanged vs 04-2026highest value 06-2026: 1.2%▼ -1.8 percentage points vs 05-2026 07-2026: 1.4%▲ +0.2 percentage points vs 06-2026 08-2026: 1.6%▲ +0.2 percentage points vs 07-2026 09-2026: 1.8%▲ +0.2 percentage points vs 08-2026 10-2026: 2.1%▲ +0.3 percentage points vs 09-2026 11-2026: 2.1%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.08 (0.15 in 2023), below 1. Short-term debt is 609.6% and cash 2% of total assets. Equity is negative.
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 74, micro). It does better than 5% of them on solvency, 3% on liquidity, 37% on profitability and 40% on growth.

The bankruptcy probability was computed on 03-11-2026 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.

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).

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

Signals

Seven signals.
lowers riskraises risk
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 296 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Founded in 1988
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Figures for financial year 2024 (filed on 23-05-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.08, cash €508, halved
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€132,633
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 296 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-05-2026, 296 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
296 days late
2023
661 days late
2022
61 days late
2021
60 days late
2020
135 days late
2019
84 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 216 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€132,633 View
  • Caution: Lower solvency than 95% of companies in other professional activitiessector median 50.2% · 4,286 companies -509.6% View
  • Caution: 2 loss-making years in a rowloss in financial year 2024 -€70 View

Recent changes

  1. · Gazette deed Incorporation
All 13 events

Comparable companies

These companies have the same main activity as Fabien de Cugnac: photography, excluding press photography (NACE 74201). They are comparable in size and age: total assets between €11,000 and €36,700, founded between 1982 and 1999.

CompanyTotal assetsGross margin
Fabien de Cugnac Schaarbeek€26,026€3,590
MARKETUM Schaarbeek€30,577€5,484
FOTO ATELIER DE RAMMELAERE Wortegem-Petegem€20,136€3,980
STUDIO SACHA Beersel€21,982€2,707
M & N Harelbeke€36,741€2,820
Fotoateljee Galle Hooglede€31,480€6,988
R.D. PROJECTS Koekelberg€11,046€3,615
Full comparison

Key facts about Fabien de Cugnac

What is the company number of Fabien de Cugnac?
The company number of Fabien de Cugnac is 0433.954.541. The VAT number is the same number with BE in front: BE 0433.954.541.
Where is Fabien de Cugnac based?
The registered office is at Koningsstraat 253, 1030 Schaarbeek.Company details
What does Fabien de Cugnac do?
According to the KBO register, the main activity is photography, excluding press photography (NACE 74201).
What is the legal form of Fabien de Cugnac?
The legal form of Fabien de Cugnac is Public limited company (NV).
When was Fabien de Cugnac founded?
Fabien de Cugnac was founded on 28-04-1988.
Is Fabien de Cugnac still active?
Yes, Fabien de Cugnac is an active enterprise in the KBO register.
What is the turnover of Fabien de Cugnac?
The turnover in financial year 2024 is ≈ €22,000. This figure is estimated from the gross margin of €3,590 and 40 comparable companies (NACE 74). It probably lies between €11,000 and €42,000. It is a rough estimate.Financials
Is Fabien de Cugnac profitable?
In financial year 2024, Fabien de Cugnac made a loss of €70.
Where can I find the annual accounts of Fabien de Cugnac?
Fabien de Cugnac filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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