Summary
Kusters IT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €55,110 and a net result of €41,219. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 8061 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8061 sector peers (2025).
NBB · sector comparisonPosition among 8061 sector peers
Solvency
better than 13%
← weakest
strongest →
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 29-04-2026, 93 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
93 d early
2024
58 d early
2023
37 d early
2022
116 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 67 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€55,110▲ 297%
2024 · €13,892
Net result
€41,219▲ 262%
2024 · €11,392
Total assets
€958,442▲ 0.9%
2024 · €950,065
Solvency
5.8%▲ 4.3pp
2024 · 1.5%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,036-€2,785▼ 44.7%€92,087▲ 3,206%€43,269▼ 53.0%€88,870▲ 105%
Net result€4,016--€2,560€57,789€11,392▼ 80.3%€41,219▲ 262%
Equity€6,516-€3,955▼ 39.3%€61,744▲ 1,461%€13,892▼ 77.5%€55,110▲ 297%
Total assets€10,001-€559,580▲ 5,495%€672,354▲ 20.2%€950,065▲ 41.3%€958,442▲ 0.9%
Debt€3,485-€555,624▲ 15,843%€610,611▲ 9.9%€936,173▲ 53.3%€903,332▼ 3.5%
Working capital€3,756--€106,058-€111,021▼ 4.7%-€167,390▼ 50.8%-€164,270▲ 1.9%
Solvency65.2%-0.7%▼ 64.4pp9.2%▲ 8.5pp1.5%▼ 7.7pp5.8%▲ 4.3pp
Staff (FTE)11=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 105% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €958,442
Fixed assets
€893,222 ▼ 0.6%
Current assets
€65,220 ▲ 25.7%
Equity and liabilities €958,442
Equity
€55,110 ▲ 297%
Debt
€903,332 ▼ 3.5%
Debt's share of the balance-sheet total falls from 98.5% to 94.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
74.8%▼
2024 · 82.0%
ROA
4.3%▲
2024 · 1.2%
Debt ≤ 1 year
€229,490▲
2024 · €219,283
Debt > 1 year
€638,439▼
2024 · €683,349
Income taxes
€15,020▲
2024 · €4,014
Staff costs
€0▼
2024 · €23,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €27,600 | €23,143 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76 | €8,104 | €39,825 | €60,627 | €52,123 | ▼ 14.0% |
| Other operating charges640/8 | - | €62,137 | €742 | €1,116 | €1,571 | ▲ 40.8% |
| Gross operating margin9900 | €5,112 | €73,026 | €160,254 | €128,155 | €142,564 | ▲ 11.2% |
| Operating profit (loss)9901 | €5,036 | €2,785 | €92,087 | €43,269 | €88,870 | ▲ 105% |
| Financial income75/76B | - | €2 | €44 | €75 | €1 | ▼ 98.3% |
| Recurring financial income75 | - | €2 | €44 | €75 | €1 | ▼ 98.3% |
| Financial charges65/66B | €8 | €5,160 | €19,059 | €27,939 | €32,632 | ▲ 16.8% |
| Recurring financial charges65 | €8 | €5,160 | €19,059 | €27,939 | €32,632 | ▲ 16.8% |
| Profit (loss) for the period before taxes9903 | €5,028 | -€2,374 | €73,072 | €15,405 | €56,239 | ▲ 265% |
| Income taxes67/77 | €1,013 | €187 | €15,283 | €4,014 | €15,020 | ▲ 274% |
| Profit (loss) for the period9904 | €4,016 | -€2,560 | €57,789 | €11,392 | €41,219 | ▲ 262% |
| Profit (loss) for the period to be appropriated9905 | €4,016 | -€2,560 | €57,789 | €11,392 | €41,219 | ▲ 262% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10,001 | €559,580 | €672,354 | €950,065 | €958,442 | ▲ 0.9% |
| Formation expenses20 | €1,058 | €0 | - | - | - | - |
| Fixed assets21/28 | €1,701 | €518,261 | €615,121 | €898,172 | €893,222 | ▼ 0.6% |
| Tangible fixed assets22/27 | €1,701 | €518,261 | €615,121 | €898,172 | €893,222 | ▼ 0.6% |
| Land and buildings22 | - | €512,690 | €609,909 | €894,822 | €890,170 | ▼ 0.5% |
| Plant, machinery and equipment23 | €1,701 | €5,571 | €5,211 | €3,350 | €1,914 | ▼ 42.9% |
| Furniture and vehicles24 | - | - | - | - | €1,138 | - |
| Current assets29/58 | €7,241 | €41,319 | €57,234 | €51,893 | €65,220 | ▲ 25.7% |
| Amounts receivable within one year40/41 | €3,344 | €17,950 | €33,980 | €29,767 | €33,040 | ▲ 11.0% |
| Trade receivables40 | €2,875 | €17,923 | €33,911 | €21,260 | €19,574 | ▼ 7.9% |
| Other amounts receivable41 | €469 | €27 | €70 | €8,506 | €13,466 | ▲ 58.3% |
| Cash at bank and in hand54/58 | €3,061 | €14,158 | €15,799 | €14,171 | €9,877 | ▼ 30.3% |
| Deferred charges and accrued income490/1 | €837 | €9,211 | €7,454 | €7,954 | €22,303 | ▲ 180% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10,001 | €559,580 | €672,354 | €950,065 | €958,442 | ▲ 0.9% |
| Equity10/15 | €6,516 | €3,955 | €61,744 | €13,892 | €55,110 | ▲ 297% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €4,016 | €1,455 | €59,244 | €11,392 | €52,610 | ▲ 362% |
| Distributable reserves133 | €4,016 | €1,455 | €59,244 | €11,392 | €52,610 | ▲ 362% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €3,485 | €555,624 | €610,611 | €936,173 | €903,332 | ▼ 3.5% |
| Amounts payable after more than one year17 | - | €408,248 | €442,356 | €683,349 | €638,439 | ▼ 6.6% |
| Financial debts170/4 | - | €408,248 | €442,356 | €683,349 | €638,439 | ▼ 6.6% |
| Amounts payable within one year42/48 | €3,485 | €147,376 | €168,255 | €219,283 | €229,490 | ▲ 4.7% |
| Current portion of amounts payable after more than one year42 | - | €21,752 | €22,585 | €43,662 | €44,910 | ▲ 2.9% |
| Financial debts43 | - | €524 | €170 | €17 | €5,099 | ▲ 30,270% |
| Credit institutions430/8 | - | €524 | €170 | €17 | €0 | ▼ 100% |
| Other loans439 | - | - | - | - | €5,099 | - |
| Trade debts44 | €2,472 | €2,167 | €10,972 | €5,422 | €15,749 | ▲ 190% |
| Suppliers440/4 | €2,472 | €2,167 | €10,972 | €5,422 | €15,749 | ▲ 190% |
| Taxes, remuneration and social security45 | €1,013 | €9,678 | €31,201 | €17,714 | €7,904 | ▼ 55.4% |
| Taxes450/3 | €1,013 | €9,678 | €27,659 | €17,714 | €7,904 | ▼ 55.4% |
| Remuneration and social security454/9 | - | - | €3,541 | €0 | - | - |
| Other amounts payable47/48 | - | €113,255 | €103,327 | €152,468 | €155,828 | ▲ 2.2% |
| Accrued charges and deferred income492/3 | - | - | - | €33,541 | €35,403 | ▲ 5.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,016 | -€2,560 | €57,789 | €11,392 | €41,219 | ▲ 262% |
| + Depreciation and write-downs630 | €76 | €8,104 | €39,825 | €60,627 | €52,123 | ▼ 14.0% |
| Operating cash flow (approximation) | €4,091 | €5,543 | €97,614 | €72,019 | €93,342 | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | -€524,663 | -€136,685 | -€343,678 | -€47,173 | ▲ 86.3% |
| Change in cash | - | €11,098 | €1,641 | -€1,628 | -€4,295 | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €57,789
Net result €57,789 after one loss-making year.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€2,560
Net result drops to -€2,560, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2024
Ground area
88 m²
Building footprint
88 m²
Volume, LiDAR
953 m³
Parcel 11810K1512/00B007, Flanders · tallest building 16.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
De Moystraat 4, 2018 Antwerpen
since 20242.363.046.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1512/00B007 | Flanders | 87 m² | 1 · 87 m² | 16.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 24,729 companies in sector 64210 we hold annual accounts for 19,771. 10,706 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
62200Computer consultancy and computer facilities management
82300Organisation of conventions and trade shows
90391Promotion and organisation of arts and performing arts events
Scores and ratios are computed by Checked and are not a credit decision.