CU BRANDS
The computed 12-month bankruptcy probability of CU BRANDS is 2.4% (moderate). The 2024 annual accounts show equity of €96k and a net result of €-160k. Equity is shrinking by ~70.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 53% of 148 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €96k |
| Net result | €-160k |
| Staff (FTE) | 1.3 |
| Better than sector | 53% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 23.5% | 20.5% | |
| Net result | €-160k | €-3k | |
| Equity | €96k | €7k | |
| Gross operating margin | €-155k | €1k | |
| Staff costs | €68k | €36k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-228k |
| Net profit | €-160k |
| Cash flow | €-154k |
| Staff costs | €68k |
| Income taxes | €74 |
| Dividends | - |
| Total assets | €408k |
| Equity | €96k |
| Debt | €312k |
| of which ≤ 1y | €76k |
| of which > 1y | €222k |
| Working capital | €312k |
| Employees (FTE) | 1.3 |
| 2024 | |
|---|---|
| Current ratio | 5.08 |
| Quick ratio | 4.42 |
| Working capital ratio | 76.5% |
| Solvency | 23.5% |
| Debt / equity | 3.25 |
| Long-term debt ratio | 2.32 |
| Interest coverage | -30.28 |
| Gross margin | - |
| Net margin | - |
| ROA | -39.3% |
| ROE | -167.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €408k |
| Fixed assets | 21/28 | €20k |
| Intangible fixed assets | 21 | €2k |
| Tangible fixed assets | 22/27 | €18k |
| Financial fixed assets | 28 | €0 |
| Current assets | 29/58 | €388k |
| Stocks & contracts in progress | 3 | €50k |
| Amounts receivable within one year | 40/41 | €134k |
| Investments | 50/53 | €160k |
| Cash & bank | 54/58 | €40k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €408k |
| Equity | 10/15 | €96k |
| Contributions / capital | 10/11 | €658k |
| Accumulated profits (losses) | 14 | €-562k |
| Amounts payable | 17/49 | €312k |
| Amounts payable after one year | 17 | €222k |
| Amounts payable within one year | 42/48 | €76k |
| Trade debts payable within one year | 44 | €51k |
| Income statement | ||
| Gross operating margin | 9900 | €-155k |
| Operating result | 9901 | €-234k |
| Financial income | 75 | €4k |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €-160k |
| Income taxes | 67/77 | €74 |
| Net result for the period | 9904 | €-160k |
| Result to be appropriated | 9905 | €-160k |
| NACE primary | 11010 |
| Legal form | Private limited company(610) |
| Incorporation | 03-10-2022 |
| Status | Active |
| Postal code | 8500 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44061A0229/00M002 | Flanders | 5,923 m² | 1 · 923 m² | 6.2 m |
| 34022G0355/00D000 | Flanders | 942 m² | 1 · 1,150 m² | - |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
16-02-2026 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": false,
"effective_date": "2026-02-12",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0791.764.874",
"name_full": "CU BRANDS",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [
{
"quote": "volmacht aan de optredende notaris om over te gaan tot de neerlegging op de griffie van de Ondernemingsrechtbank en de publicatie in de Bijlagen bij het Belgisch Staatsblad",
"holder_kbo": null,
"holder_name": "Notaris Kurt Vuylsteke",
"scope_categories": [
"publication",
"neerlegging"
],
"with_substitution": false
}
],
"governance_change": {
"admin_delegated_added": []
}
}02-04-2024 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": false,
"effective_date": "2024-03-22",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0791.764.874",
"name_full": "CU BRANDS",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [
{
"quote": "volmacht aan de optredende notaris om over te gaan tot de neerlegging op de griffie van de Ondernemingsrechtbank en de publicatie in de Bijlagen bij het Belgisch Staatsblad",
"holder_kbo": null,
"holder_name": "Notaris Kurt Vuylsteke",
"scope_categories": [
"publication",
"neerlegging"
],
"with_substitution": false
}
],
"governance_change": {
"admin_delegated_added": []
}
}26-05-2023 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": false,
"effective_date": "2023-05-17",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0791.764.874",
"name_full": "CU BRANDS",
"legal_form": "BV"
},
"signature_regime": null,
"special_mandates": [
{
"quote": "volmacht aan de optredende notaris om over te gaan tot de neerlegging op de griffie van de Ondernemingsrechtbank en de publicatie in de Bijlagen bij het Belgisch Staatsblad",
"holder_kbo": null,
"holder_name": "Notaris Kurt Vuylsteke",
"scope_categories": [
"neerlegging",
"publicatie"
],
"with_substitution": false
}
],
"governance_change": {
"admin_delegated_added": []
}
}05-10-2022 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "Grote Markt 41, 8500 Kortrijk",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1995-02-18",
"name": "VINDEVOGEL Henri Charles S.",
"niss": null,
"address": "Mortelputstraat 49, 9830 Sint-Martens-Latem"
},
"share_class": "A and B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 150000,
"holder_person_name": "VINDEVOGEL Henri Charles S.",
"is_subscriber_only": true,
"n_shares_subscribed": 150000,
"amount_subscribed_eur": 150000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1997-05-14",
"name": "VINDEVOGEL Edouard Guido M.",
"niss": null,
"address": "Mortelputstraat 49, 9830 Sint-Martens-Latem"
},
"share_class": "A and B",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 150000,
"holder_person_name": "VINDEVOGEL Edouard Guido M.",
"is_subscriber_only": true,
"n_shares_subscribed": 150000,
"amount_subscribed_eur": 150000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 300000,
"subject_company": {
"kbo": "0791.764.874",
"name_full": "CU BRANDS",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2022-09-30",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | CU BRANDS |