Pizzeria I CUGINI
ActiveSummary
The computed 12-month bankruptcy probability of Pizzeria I CUGINI is 6.2% (elevated). The 2024 annual accounts show equity of €32k and a net result of €10k. Equity is growing by ~63.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 18941 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-21
Solvency39▼-14
Growth78=
Track record94
Bankruptcy probability, 12 months
6.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity short (current ratio 0.99 against 1.13 in 2023; short-term debt: 46.3% and cash: 1.6% of total assets), and 85.8% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
14.2%
Return on assets
4.6%
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 30-09-2025, 61 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
36 d late
2022
143 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€32k▲ 47.8%
2023 · €22k
2022: €5k
2023: €22k
2022 → 2024
Total assets
€224k▲ 186%
2023 · €78k
2022: €57k
2023: €78k
2022 → 2024
Net result
€10k▼ 39.5%
2023 · €17k
2022: €2k
2023: €17k
2022 → 2024
Working capital
€-1k
2023 · €7k
2022: €-14k
2023: €7k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€5k-€22k▲ 376%€32k▲ 47.8%
Operating result€3k-€22k▲ 721%€18k▼ 19.2%
Net result€2k-€17k▲ 742%€10k▼ 39.5%
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 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €224k
Fixed assets
€122k ▲ 754%
Current assets
€102k ▲ 59.8%
Equity and liabilities €224k
Equity
€32k ▲ 47.8%
Debt
€192k ▲ 239%
Debt's share of the balance-sheet total rises from 72.4% to 85.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26k▼
2023 · €27k
Cash flow
€18k▼
2023 · €22k
Current ratio
0.99▼
2023 · 1.13
Quick ratio
0.96▼
2023 · 1.09
Debt to equity
6.02▲
2023 · 2.63
ROE
32.3%▼
2023 · 79.0%
ROA
4.6%▼
2023 · 21.8%
Interest coverage
18.94▼
2023 · 22.05
Debt ≤ 1 year
€103k▲
2023 · €57k
Debt > 1 year
€86k
Income taxes
€6k▲
2023 · €4k
Staff costs
€12k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€78k€224k▲
Fixed assets21/28€14k€122k▲
Tangible fixed assets22/27€14k€115k▲
Plant, machinery and equipment23€5k€7k▲
Furniture and vehicles24€9k€7k▼
Other tangible fixed assets26-€38k
Assets under construction and advance payments27-€63k
Financial fixed assets28€205€6k▲
Current assets29/58€64k€102k▲
Stocks and contracts in progress3€2k€2k▲
Stocks30/36€2k€2k▲
Amounts receivable within one year40/41€41k€96k▲
Trade receivables40€40k€76k▲
Other amounts receivable41€633€20k▲
Cash at bank and in hand54/58€21k€4k▼
Equity and liabilities
Total equity and liabilities10/49€78k€224k▲
Equity10/15€22k€32k▲
Contributions10/11€3k€3k=
Reserves13-€10k
Distributable reserves133-€10k
Profit (loss) carried forward14€19k€19k=
Amounts payable17/49€57k€192k▲
Amounts payable after more than one year17-€86k
Financial debts170/4-€86k
Amounts payable within one year42/48€57k€103k▲
Current portion of amounts payable after more than one year42-€11k
Trade debts44€12k€78k▲
Suppliers440/4€12k€78k▲
Taxes, remuneration and social security45€10k€11k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€35k€3k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20232024
Remuneration, social security and pensions62€25k€12k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€8k▲
Other operating charges640/8€4k€14k▲
Gross operating margin9900€56k€52k▼
Operating profit (loss)9901€22k€18k▼
Financial income75/76B€5-
Recurring financial income75€5-
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€21k€17k▼
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€17k€10k▼
Profit (loss) for the period to be appropriated9905€17k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€29k▲
Profit (loss) brought forward from the previous period14P€2k€19k▲
Transfer to equity691/2-€10k
To other reserves6921-€10k
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Highest result since 2022net €17k ▲742%
Operating result €22k, net result €17k, both a record.
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Charleroi · 2 establishment units since 2021
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.
Place Louis Delhaize 106043 CharleroiGround area
493 m²
Building footprint
170 m²
Volume, LiDAR
1,302 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Pizzeria I CUGINI
since 20212.322.720.131
I CUGINI
since 20252.370.327.830
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56030C0409/00S000indicative | Wallonia | 309 m² | 1 · 66 m² | 11.1 m · 3 fl. |
| 52058A0397/00Z000 | Wallonia | 184 m² | 1 · 105 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesCharleroi2.322.720.131
Thuin2.370.327.830
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BALOI PATRASCU
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,413 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.