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KUSTERS

Active Private limited companyfounded 2002active for 24 yearsMastendreef 14, 2970 SchildeKBO/BCE: BE 0477.274.642 #5 company by equity in Schilde, Construction sector
KUSTERS
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Overview

Lifetime

19 annual accounts with figures on one time axis, 22 filings since 2003
peak €1.9m (2013)
€803,062▲ 21.5%
lowest -€77,014 (2024)
€118,358▲ €195,372
peak €3.6m (2014)
€1.8m▲ 7.0%
€169,839▼ 23.6%
peak 16 FTE (2012)
7.8 FTE▼ 31.0%
Board1 name since 2021
- 
Documentsfilings and deeds
23-09-202654 days late
2025abbreviated format
Gross margin from €660,740 to €803,062Back to profit: €118,358Staff from 11.3 FTE to 7.8 FTEDebts from €222,197 to €169,839Cash from €217,490 to €79,146

Key points

from the 2025 annual accounts

Equity

€1.8m from €3.6m in 2014

Equity fell by 50% in 11 years.

Result

€118,358 €118,358
-€77,0002024€118,0002025

Back in profit in 2025, after a loss of €77,014 in 2024.

Turnover

≈ €2.3m estimated

The abbreviated format states no turnover.

Staff

7.8 FTE from 16 in 2012

Between 2012 and 2025, 51% of the full-time equivalents disappeared.

Filings

22 annual accounts 23 filings since 2003
AprilJune31 JulyOctober20102020

Eight of the last ten came late. The 2023 accounts came latest: 58 days after the end of the period.

Position in the sector

91.4%

Higher solvency than 95% of companies in specialised construction. Sector median 44.0% · 9,967 companies.

Checked score

69
Healthy
Financially stronger than 61% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.3 percentage points vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged 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: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026 10-2026: 0.8%▲ +0.1 percentage points vs 09-2026highest value 11-2026: 0.8%● unchanged vs 10-2026highest value

Financial strength
Strong

100=equity 91.4% of total assets
55-8short-term debt 8.6% · cash 4.0%
76+62return on assets 6.0%

Score breakdown

raises risk
1 change of registered office in 24 months
Last filed accounts filed 54 days late; 2 of the last 3 accounts late
lowers risk
Equity €1.8m (91.4% of total assets)
Profit of €118,358 (financial year 2025)
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 43, micro). It does better than 90% of them on solvency, 51% on liquidity, 51% on profitability and 50% 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 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 31,368 companies had the same profile as KUSTERS has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of KUSTERS itself is higher: 0.8% within 12 months. It rests on far more data about KUSTERS than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for KUSTERS. 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 €120,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 11.13 (7.79 in 2024), above the usual 1.5. Short-term debt is 8.6% and cash 4% of total assets. 8.6% 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 risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Last filed accounts filed 54 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Equity €1.8m (91.4% of total assets)
NBB · annual accounts
lowers risk · Profit of €118,358 (financial year 2025)
NBB · annual accounts
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
54 days late
2024
15 days early
2023
58 days late
2022
46 days late
2021
25 days early
2020
55 days late
2019
42 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 31 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 15 September (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

last known board
KK
KUSTERS Kurt
Director, until 2023
Board & ownership

Recent changes

Registered office moved from Wijnegem to Schilde New registered office: Mastendreef 14, 2970 Schilde · Previous registered office: Oud Sluisstraat 20, 2110 Wijnegem · Board meeting of 01-08-2026 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0477274642
Resignation: KUSTERS Kurt (director) Reappointment: KUSTERS Kurt (director) · Name clause: KUSTERS · Gazette deed
First establishment Oud Sluisstraat 20, Wijnegem
All 38 events

Comparable companies

same main activity, similar in size and age
Company
KUSTERS Schilde €2.0m €0.8m 91.4% 7.8
Trappen Lauwers Kasterlee €1.7m €0.7m 58.6% 7.6
IMPROVE IT Herentals €2.1m €1.1m 50.0% 8.4
Glow Wellness Kortrijk €2.1m €0.8m 80.8% 7.5
Bogaert Koken en Wonen Stekene €1.7m €0.8m 75.8% 7.6
VERA+ Aalst €1.7m €1.0m 62.8% 8.1
LECOQ & LECOQ Arlon €2.1m €0.8m 49.2% 6.5

These companies have the same main activity as KUSTERS: joinery installation (NACE 43320). They are comparable in size and age: total assets between €1.7m and €2.1m, founded between 1998 and 2005.

Official details

Source: KBO
Status
Active since 05-04-2002Normal situation
Activity
Joinery installationNACE 43320and 6 others
Establishment unit
2.101.849.4482110 Wijnegem, since 10-07-2002
Financial year end
31 December
Peppol
Reachable since 12-08-2025
Company details

Annual accounts 2025

€803,062▲ 21.5%
€118,358
€1.8m▲ 7.0%
€2.0m▲ 3.5%
Employeeson 31-12-2025
9▼ 10.0%
Filing
Filed on 23-09-2026
Financials

Insights on KUSTERS

KUSTERS files the abbreviated format. That format states no turnover. The gross margin rose from €724,407 in 2006 to €803,062 in 2025.

The balance sheet grew most from 2010 to 2011 through fixed assets.

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

Financials

Annual accounts 2025

abbreviated format, filed on 23-09-2026, 54 days late
€803,062
▲ 21.5%
€119,280
▲ €230,573
€118,358
▲ €195,372
€1.7m
▲ 13.5%
91.4%
▲ 3.0 percentage points
11.13
▲ 3.34

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €2.3m. Estimated: probably between €1.7m and €3.0m.

In the rankings #5 company by equity in Schilde, Construction sector

Balance sheet

balance sheet total €2.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

91.4%

Higher than 95% of 9,967 companies in 2025.

11.13

Higher than 95% of 9,830 companies in 2025.

6.0%

Higher than 52% of 9,899 companies in 2025.

KUSTERS Middle half of the sector 80% of the sector Abbreviated accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: middle half

Staff

€80,145

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 1 person joined and 2 left.

Staff figure correction
  • 2013 The accounts state 981,494 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 16 FTE (source: average staff, item 9087).
  • 2012 The accounts state 695,859 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 16 FTE (source: average staff, item 9087).
  • 2011 The accounts state 732,093 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 15 FTE (source: average staff, item 9087).
  • 2010 The accounts state 716,796 FTE. That amounts to under EUR 100 of staff costs per FTE. The figure shown is 15 FTE (source: average staff, item 9087).

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920072006
Balance sheet: assets
20/58 2.0m1.9m2.1m2.1m1.9m2.0m2.1m1.9m1.9m1.9m4.4m4.5m4.1m3.8m4.0m3.0m1.3m850,236637,206
21/28 92,266177,441216,254213,355195,000169,618165,312180,92394,19461,6852.2m2.3m2.4m2.6m2.4m1.1m199,775106,26177,342
21 --06221,3153,1352,2513,3774,5036,3406,4663,769-------
22/27 92,266177,441216,254212,733193,685166,483163,060177,54689,69255,3452.2m2.3m2.4m2.6m2.4m1.1m199,775106,26177,342
22 ----------2.1m2.2m2.2m2.3m2.2m----
23 68,249104,615116,943126,34886,06028,78193,046138,47335,83417,79046,13399,881175,095226,766148,001970,517101,17470,10349,248
24 043,62064,91546,80162,12088,04967,81736,14253,85837,55528,31034,15839,52562,67699,042171,34298,60136,15828,094
26 24,01829,20734,39539,58445,50649,6542,1982,930-----------
29/58 1.9m1.7m1.9m1.9m1.7m1.9m1.9m1.7m1.8m1.8m2.2m2.2m1.7m1.2m1.6m1.9m1.1m743,975559,864
29 460,000460,000----------47,37721,622-----
291 460,000460,000----------47,37721,622-----
3 042,84444,37353,40236,73634,16445,33346,86742,88645,70438,86346,189-------
30/36 042,84444,37353,40236,73634,16445,33346,86742,88645,70438,86346,189-------
40/41 1.1m808,425819,0541.1m1.0m1.2m1.3m1.3m1.3m1.4m1.5m1.2m887,570712,048463,618741,571297,205273,976276,099
40 564,272274,611292,858410,128343,156484,544472,735429,308402,781396,304664,235584,933818,068631,886454,911625,465210,439217,164213,983
41 573,068533,815526,196677,909659,181712,293790,417877,044848,543974,751788,114590,61469,50280,1628,707116,10686,76656,81262,116
50/53 180,000180,000178,000----85,00085,000170,000341,093340,282-------
54/58 79,146217,490823,725714,981657,713629,669568,066222,978386,122219,399401,580605,640754,365511,7101.1m1.1m780,189469,999283,765
490/1 24,93821,49212,94513,10311,48711,30011,75910,4108,1975443318,947-------
Balance sheet: equity and liabilities
10/49 2.0m1.9m2.1m2.1m1.9m2.0m2.1m1.9m1.9m1.9m4.4m4.5m4.1m3.8m4.0m3.0m1.3m850,236637,206
10/15 1.8m1.7m1.8m1.6m1.7m1.4m1.6m1.6m1.5m1.4m1.3m3.6m3.5m3.0m2.6m1.9m1.2m752,028487,569
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,1996,1996,1996,199
100 ------18,60018,60018,60018,60018,60018,60018,60018,60018,60018,59218,59218,59218,592
101 ------12,40012,40012,40012,40012,40012,40012,40012,40012,40012,39312,39312,39312,393
13 1.8m1.7m1.8m1.6m1.6m1.4m1.6m1.6m1.5m1.4m1.3m3.6m1,8931,8931,8931,8931,8931,8931,893
130/1 --01,8931,8931,893-------------
130 ------1,8931,8931,8931,8931,8931,8931,8931,8931,8931,8931,8931,8931,893
1311 --01,8931,8931,893-------------
133 1.8m1.7m1.8m1.6m1.6m1.4m1.6m1.6m1.5m1.4m1.3m3.6m-------
14 -0000-------3.4m3.0m2.6m1.9m1.2m743,936479,477
17/49 169,839222,197331,844483,342251,094603,743448,176281,795357,656502,1823.1m921,478677,187782,1801.4m1.1m84,22598,208149,637
17 -------027,278133,647235,755333,738455,460534,990611,219784,622---
170/4 -------027,278133,647235,755333,738455,460534,990611,219784,622---
42/48 169,089222,197331,844483,342251,094603,743448,176281,795330,378368,5352.9m587,741221,727247,190784,408190,27284,22598,208149,637
42 -------27,278106,369102,10897,98394,09376,80076,80076,80060,000---
44 102,70482,527144,314105,02785,967108,59879,600110,23169,380105,827109,312150,233143,004159,657321,241130,27284,22598,208116,637
440/4 102,70482,527144,314105,02785,967108,59879,600110,23169,380105,827109,312150,233143,004159,657321,241130,27284,22598,208116,637
46 --060,647----------370,901----
45 66,31583,152126,863123,301109,380101,27993,972141,841152,119155,427615,459193,4151,92310,73315,466---33,000
450/3 13,672030,89022,86522,67621,180-51,41453,05360,732518,900100,329--12,967---33,000
454/9 52,64383,15295,973100,43686,70480,09993,97290,42799,06694,69596,55993,0861,92310,7332,499----
47/48 7056,51960,667194,36755,748393,867274,6042,4462,5115,1732.1m150,000-------
492/3 750------0--33----107,500---
Income statement
76A 140,3681,000---0500----700-------
9900 803,062660,7401.3m1.1m1.3m1.1m1.4m1.0m1.0m1.2m1.3m1.6m1.9m1.5m1.2m1.5m1.7m838,156724,407
62 625,133712,567902,460950,553803,372693,520784,298826,030767,677787,650810,865920,711981,494695,859732,093716,796672,828525,623551,600
630 16,02951,91669,12860,39664,21546,15890,39471,90540,93461,972148,258151,975163,145181,182157,02177,694595,23044,45129,777
631/4 --0-2,683-052,450---11,46732,396-------
640/8 42,6197,5499,1427,9668,3487,59614,95514,3418,01911,10011,46317,13519,76015,0818,1664,8626,7433,6232,965
66A ----011,569---267,157---------
9901 119,280-111,292367,548116,714394,357328,393455,601114,739223,99783,509305,827446,297693,513569,455253,304721,485440,916264,459140,065
75/76B 29,10536,06114,93616,3761942,04328,82121331,57125,44131,38419,182-------
75 29,10536,06114,9361607045428,82121331,57125,44131,38419,182-------
76B --016,2151241,590-------------
65/66B 90367253,7821,6824,42215,75612,28218,4269,16414,59117,86622,16423,06825,525-----
65 90367253,7821,6824,42215,75612,28218,4269,16414,59117,86622,16423,06825,525-----
9903 147,482-75,903328,702131,407390,130314,681472,13996,526246,40494,359319,345444,015670,445543,930253,304721,485440,916264,459140,065
67/77 29,1241,111105,06340,189122,67698,354164,99735,859102,54241,240166,447171,586242,545160,000-----
9904 118,358-77,014223,64091,218267,454216,327307,14260,667143,86253,119152,898272,430427,900383,930253,304721,485440,916264,459140,065
9905 118,358-77,014223,64091,218267,454216,327307,14260,667143,86253,119152,898272,430427,900383,930253,304721,485440,916264,459140,065
Appropriation of the result
9906 118,358-77,014223,64091,218267,454216,327307,14260,667143,86253,119152,8983.7m3.4m3.0m2.6m1.9m1.2m743,936479,477
791/2 077,01460,667143,86253,119383,929272,430---2.3m--------
691/2 118,3580223,64091,218267,454216,327307,14260,667143,86253,119-3.6m-------
6921 118,3580223,64091,218267,454216,327307,14260,667143,86253,119-3.6m-------
694/7 -060,667143,86253,119383,929272,430---2.4m150,000-------
694 -060,667143,86253,119383,929----2.4m150,000-------
695 ------272,430------------
Social balance sheet
9087 7.811.313.615.214.113.413.414.714.613.914.315.116161515121211
Hours worked1013 12,27214,19820,41823,85720,88518,50322,20923,62823,35322,90923,08024,66527,66822,17224,27524,91719,22019,22015,875
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 18 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 2025 at the NBB, filed on 23-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 54 days after the deadline. Filed on 23 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00520462.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 23-09-2026 2026-00520462 PDF
31-12-2024 abbreviated format 16-07-2025 2025-00273146 PDF
31-12-2023 abbreviated format 27-09-2024 2024-00475151 PDF
31-12-2022 abbreviated format 15-09-2023 2023-00446614 PDF
31-12-2021 abbreviated format 06-07-2022 2022-20146072 PDF
31-12-2020 abbreviated format 24-09-2021 2021-68300024 PDF
31-12-2019 abbreviated format 11-09-2020 2020-52500457 PDF
31-12-2018 abbreviated format 24-09-2019 2019-65700038 PDF
31-12-2017 abbreviated format 23-08-2018 2018-49200335 PDF
31-12-2016 abbreviated format 31-08-2017 2017-58400193 PDF
31-12-2015 abbreviated format 31-08-2016 2016-58000286 PDF
31-12-2014 abbreviated format 30-09-2015 2015-62500032 PDF
31-12-2013 abbreviated format 30-09-2014 2014-63800367 PDF
31-12-2012 abbreviated format 31-08-2013 2013-54500037 PDF
31-12-2011 abbreviated format 22-08-2012 2012-44200136 PDF
31-05-2011 abbreviated format 28-08-2011 2011-45700422 PDF
31-05-2010 abbreviated format 17-12-2010 2010-63400315 PDF
31-05-2009 abbreviated format 10-11-2009 2009-85200184 PDF
31-12-2007 abbreviated format 30-09-2008 2008-76700024 PDF
31-12-2006 abbreviated format 21-08-2008 2008-60200375 PDF
31-12-2005 abbreviated format 31-07-2006 2006-59703002 PDF
31-12-2004 abbreviated format 30-12-2005 2005-92702045 PDF
31-12-2003 abbreviated format 12-10-2004 2004-73002071 PDF

Subsidies and aid

Flemish government 2022 to 2024, 3 entries, €2,752 awarded, €2,752 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
€2,752
Year Entries AwardedPaid
2024 1 €2,280€2,280
2023 1 €262€262
2022 1 €210€210

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013201220112010200920072006
135,310-59,376436,676177,110458,572374,552545,995186,643264,931145,482454,086598,272856,658750,637410,325799,1791.0m308,910169,842
134,387-25,098292,768151,614331,669262,485397,536132,572184,796115,091301,156424,405591,045565,112410,325799,1791.0m308,910169,842
3,07613,10372,02783,53589,59798,10699,783158,63373,44342,74836,1949,95342,120313,490350,7371.0m153,04473,37020,465
-138,344-606,235108,74457,26828,04461,603345,088-163,144166,723-182,181-204,060-148,725242,655-631,87730,194333,204-186,234-
1.7m1.5m1.5m1.4m1.5m1.3m1.4m1.4m1.4m1.4m-649,1911.6m1.5m998,190822,7971.7m993,169645,767410,227
91.4%88.4%84.2%76.8%86.8%70.4%78.2%84.8%80.9%73.1%29.6%79.5%83.6%79.5%65.4%63.9%93.4%88.4%76.5%
11.137.795.663.876.803.104.215.935.374.900.773.727.625.042.059.7512.797.583.74
11.137.595.533.766.663.044.115.775.244.780.763.647.625.042.059.7512.797.583.74
0.090.130.190.300.150.420.280.180.240.372.380.260.200.260.530.570.070.130.31
6.6%-4.6%12.7%5.7%16.2%15.0%19.1%3.9%9.5%3.9%11.6%7.6%12.4%12.7%9.6%37.7%37.0%35.2%28.7%
6.0%-4.0%10.7%4.4%14.1%10.6%15.0%3.3%7.7%2.8%3.4%6.1%10.4%10.1%6.3%24.1%34.5%31.1%22.0%
over 100-88.418.12over 100over 100--------------

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.

Social balance sheet

Item31-12-202531-12-202431-12-202331-12-202231-12-2021
Employees at the balance-sheet date910151817
full-time78121413
part-time22344
in full-time equivalents8913.315.414.4
7.811.313.615.214.1
On a permanent contract910151817
Joined10145
Left25435

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,076€13,103€72,027€83,535€89,597
Financial fixed assets€0----
€16,029€51,916€69,128€60,396€64,215

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on KUSTERS

The operating result for 2025 is a profit of €119,280, after a loss of €111,292 in 2024.

Debt's share of the balance-sheet total falls from 11.6% to 8.6%. Equity is higher and debt is lower.

Board & ownership

Mandates through the years

1 name, the dashed line is today
KUSTERS Kurt
Director
Earliermandate already running before its first mention
Mandates as a list
  • KUSTERS Kurt
    • Director, from before 31-12-2021 to 31-10-2023

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

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 31-10-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 18:00

Office holders in the KBO →

Network & group

No group

KUSTERS has no parent and no holdings in its annual accounts.

At the same address

Mastendreef 14, 2970 Schilde · 2 other companies
SOPIMAR
registered office since 25-06-1987 · founded in 1987
 total assets €9.0m (2025)
0431.307.629
SOPIMARKUSTERS
registered office since 01-10-2012
 founded in 2012
0848.414.161

Connections & network

See the function holders in the KBO register.

Timeline

Timeline

38 events since 2002

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 54 days late
Registered office moved from Wijnegem to SchildeNew registered office: Mastendreef 14, 2970 Schilde · Previous registered office: Oud Sluisstraat 20, 2110 Wijnegem · Board meeting of 01-08-20262 points ▸
  • Board meeting, 01-08-2026
  • Registered-office move, Mastendreef 14, 2970 Schilde

Open the deed in the Belgian Official Gazette

2025
Back to profit net €118,358 The net result is €118,358, after one loss-making year.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0477274642
Annual accounts 2024 filed PDFabbreviated format · 15 days before the deadline
2024
Weakest financial year net -€77,014 The net result drops to -€77,014, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFabbreviated format · 58 days late
2023
Resignation: KUSTERS Kurt (director)Reappointment: KUSTERS Kurt (director) · Name clause: KUSTERS3 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2022 filed PDFabbreviated format · 46 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 25 days before the deadline
2021
Liquidity more than doubled current ratio 6.80 The current ratio rises from 3.10 to 6.80. Short-term debt falls from €603,743 to €251,094.
Annual accounts 2020 filed PDFabbreviated format · 55 days late
2020
Annual accounts 2019 filed PDFabbreviated format · 42 days late
2019
Annual accounts 2018 filed PDFabbreviated format · 55 days late
2018
Annual accounts 2017 filed PDFabbreviated format · 23 days late
2017
Annual accounts 2016 filed PDFabbreviated format · 31 days late
2016
Liquidity more than 6 times current ratio 4.90 The current ratio rises from 0.77 to 4.90. Short-term debt falls from €2.9m to €368,535.
Annual accounts 2015 filed PDFabbreviated format · 31 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 61 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 61 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 31 days late
2012
Liquidity more than doubled current ratio 5.04 The current ratio rises from 2.05 to 5.04. Short-term debt falls from €784,408 to €247,190.
Annual accounts 2011 filed PDFabbreviated format · 22 days late
2011
Equity above €2m equity €2.6m ▲38% With a profit in every financial year since 2006, equity grows to €2.6m.
Annual accounts 2011 filed PDFabbreviated format · 125 days before the deadline
2010
Annual accounts 2010 filed PDFabbreviated format · 14 days before the deadline
Highest result from 2006 to 2025 net €721,485 ▲63.6% The operating result of €721,485 and the net result of €721,485 are both a record.
2009
Annual accounts 2009 filed PDFabbreviated format · 51 days before the deadline
Equity above €1m equity €1.2m ▲58.6% With a profit in every financial year since 2006, equity grows to €1.2m.
2008
Annual accounts 2007 filed PDFabbreviated format · 61 days late
Annual accounts 2006 filed PDFabbreviated format · 387 days late
2007
Liquidity doubles current ratio 7.58 The current ratio rises from 3.74 to 7.58. Short-term debt falls from €149,637 to €98,208.
Equity above €500,000 equity €752,028 ▲54.2% With a profit in every financial year since 2006, equity grows to €752,028.
2006
Annual accounts 2005 filed PDFabbreviated format
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2002
First establishment Oud Sluisstraat 20, Wijnegem
Incorporation published on 17-04-2002

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

KUSTERS was incorporated on 5 April 2002.1 The registered office was moved to Schilde in 2026.2 Total assets went from €1.9m in 2018 to €2.0m in 2025 and headcount from 14.7 to 7.8 full-time equivalents.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-09-2026
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0477.274.642
VAT number
BE 0477.274.642
Peppol ID
0208:0477274642
Other Peppol ID
9925:BE0477274642
Legal form
Private limited company
Status
Active, normal situation
Founded
05-04-2002
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of June at 18:00
deed of 31-10-2023 (in Dutch)
Peppol
Reachable since 12-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
KUSTERS in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 31-10-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Oud Sluisstraat 20, 2110 Wijnegem”
deed of 31-10-2023 (in Dutch)

Activities

NACEBEL 2025
43320 Joinery installation main activity
25120 Manufacture of fabricated metal products, except machinery and equipment
43343 Specialised construction activities
46180 Agents specialised in the wholesale of other particular products
47120 Other non-specialised retail sale
73300 Public relations and communication consultancy
74209 Other photographic activities
Codes under NACEBEL 2008
43320 Joinery installation main activity
25120 Manufacture of fabricated metal products, except machinery and equipment
43343 Specialised construction activities
46180 Wholesale trade
47910 Retail trade
70210 Activities of head offices; management consultancy activities
74209 Other photographic activities
Codes under NACEBEL 2003
45422 main activity
45442
PurposeThe purpose describes the activities the company may carry out under its articles.
“De vennootschap haar doel is aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen”
Text of the purpose

“De vennootschap haar doel is aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen.”

deed of 31-10-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Mastendreef 14 registered office 2970 Schilde
Oud Sluisstraat 20 2110 Wijnegem 10-07-2002 2.101.849.448

Buildings and parcels at the addresses

Ground area
1.1 ha
Buildings
2,979 m²
Volume, LiDAR
22,834 m³
Tallest building
13.6 m
Buildings to scale, each on its own parcel
2,667 m², 8.4 m 312 m², 13.6 m 2,667 m², 8.4 m 312 m², 13.6 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11050A0291/00Y0007,155 m² 1 · 2,667 m² 8.4 m · 3
11922C0344/00H0004,335 m² 1 · 312 m² 13.6 m · 3

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0477.274.642

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