VINCENT CUIGNET
ActiveVINCENT CUIGNET has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €-26k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 55% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability0▼-4
Solvency87▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 1.67 against 1.67 in 2023), but 50.5% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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
26 d late
2023
30 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
92 d late
2018
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-26k
2023 · €3k
2018: €-39k
2019: €-38k
2020: €38k
2021: €65k
2022: €10k
2023: €3k
2018 → 2025
Working capital
€189k▼ 2.3%
2023 · €194k
2018: €54k
2019: €39k
2020: €80k
2021: €163k
2022: €163k
2023: €194k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€245k-€318k▲ 29.4%€369k▲ 16.1%€372k▲ 0.8%€345k▼ 7.1%
Operating result€40k-€81k▲ 105%€20k▼ 75.7%€8k▼ 59.1%€-21k
Net result€38k-€65k▲ 69.4%€10k▼ 84.2%€3k▼ 71.3%€-26k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €8k in 2023, the lowest year so far.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €698k
Fixed assets
€228k▼ 8.3%
Current assets
€470k▼ 2.9%
Equity and liabilities €698k
Equity
€345k▼ 7.1%
Provisions
€2k▼ 25.1%
Debt
€351k▼ 2.2%
The debt ratio rises from 48.9% to 50.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€7k▼
2023 · €51k
Cash flow
€2k▼
2023 · €46k
Solvency
49.5%▼
2023 · 50.7%
Current ratio
1.67▲
2023 · 1.67
Quick ratio
0.96▼
2023 · 1.02
Debt / equity
1.02▲
2023 · 0.96
ROE
-7.6%▼
2023 · 0.8%
ROA
-3.8%▼
2023 · 0.4%
Interest coverage
0.82▼
2023 · 10.80
Debt
€351k▼
2023 · €358k
Debt ≤ 1 year
€281k▼
2023 · €291k
Debt > 1 year
€70k▲
2023 · €68k
Staff costs
€108k▲
2023 · €71k
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 · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€732k€698k▼
Fixed assets21/28€248k€228k▼
Tangible fixed assets22/27€248k€227k▼
Plant, machinery and equipment23€243k€224k▼
Furniture and vehicles24€5k€3k▼
Financial fixed assets28€349€349=
Current assets29/58€484k€470k▼
Stocks and contracts in progress3€189k€199k▲
Stocks30/36€189k€199k▲
Amounts receivable within one year40/41€296k€251k▼
Trade receivables40€295k€247k▼
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58-€17k
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€732k€698k▼
Equity10/15€372k€345k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€239k€239k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€232k€232k=
Profit (loss) carried forward14€64k€40k▼
Investment grants15€7k€5k▼
Provisions and deferred taxes16€2k€2k▼
Provisions for liabilities and charges160/5€2k€2k▼
Taxes161€2k€2k▼
Amounts payable17/49€358k€351k▼
Amounts payable after more than one year17€68k€70k▲
Financial debts170/4€68k€70k▲
Amounts payable within one year42/48€291k€281k▼
Current portion of amounts payable after more than one year42€54k€26k▼
Financial debts43€30k-
Credit institutions430/8€30k-
Trade debts44€78k€232k▲
Suppliers440/4€78k€232k▲
Taxes, remuneration and social security45€1k-
Taxes450/3€1k-
Other amounts payable47/48€128k€23k▼
Income statement
Code20232025
Remuneration, social security and pensions62€71k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€28k▼
Other operating charges640/8€14k€16k▲
Gross operating margin9900€136k€131k▼
Operating profit (loss)9901€8k€-21k▼
Financial income75/76B€173€3k▲
Recurring financial income75€173€3k▲
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€4k€-27k▼
Transfer from deferred taxes780€577€577=
Income taxes67/77€1k-
Profit (loss) for the period9904€3k€-26k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€5k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€64k€40k▼
Profit (loss) brought forward from the previous period14P€60k€64k▲
Social balance
Average headcount (FTE)90871.4-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €65k ▲69.4%
Operating result €81k, net result €65k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €38k
Net result €38k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2024
CUIGNET Paul-Henry
CurrentDirector · since 06-12-2024
CUIGNET Vincent
CurrentManaging director · since 23-02-2023
06-12-2024
CUIGNET Paul-Henry: Appointed as Director
06-12-2024
WATTIEZ Cécile: Resigned as Director
23-02-2023
CUIGNET Vincent: Resigned as Managing director
23-02-2023
CUIGNET Vincent: Appointed as Managing director
23-02-2023
WATTIEZ Cécile: Resigned as Director
23-02-2023
WATTIEZ Cécile: Appointed as Director
Location & real-estate footprint
Registered office, Antoing · 1 establishment unit since 1990
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.
Rue du Maréchal de Saxe 167643 AntoingGround area
242 m²
Building footprint
148 m²
Volume, LiDAR
987 m³
Parcel 57029A0200/00N000, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
VINCENT CUIGNET SA
since 19902.049.955.537
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57029A0200/00N000 | Wallonia | 242 m² | 1 · 147 m² | 9.1 m · 2 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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DESCAMPS ENERGY DISTRIBUTION
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PLASTIBOIS
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Harvest Energy Marine
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Of 839 companies in sector 46810 we hold annual accounts for 474. 364 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-10-1990
Fiscal year end30-06
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
47762Retail sale of pets, pet food and pet supplies
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.