VAN CUTSEM
ActiveVAN CUTSEM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €9k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42=
Solvency27▲+6
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.7 against 0.77 in 2024), and 76.7% 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
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.3%
Return on assets
1.9%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
1 d early
2022
11 d early
2021
30 d late
2020
18 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€109k▲ 9.1%
2024 · €100k
2019: €21k
2020: €59k
2021: €81k
2022: €85k
2023: €92k
2024: €100k
2019 → 2025
Total assets
€470k▼ 3.1%
2024 · €485k
2019: €273k
2020: €295k
2021: €354k
2022: €417k
2023: €452k
2024: €485k
2019 → 2025
Net result
€9k▲ 7.5%
2024 · €8k
2019: €25k
2020: €38k
2021: €23k
2022: €4k
2023: €6k
2024: €8k
2019 → 2025
Working capital
€-91k▼ 27.7%
2024 · €-71k
2019: €94k
2020: €78k
2021: €38k
2022: €-5k
2023: €-29k
2024: €-71k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€81k-€85k▲ 4.7%€92k▲ 7.5%€100k▲ 9.2%€109k▲ 9.1%
Operating result€30k-€21k▼ 30.3%€12k▼ 43.0%€23k▲ 91.2%€22k▼ 2.0%
Net result€23k-€4k▼ 83.1%€6k▲ 66.5%€8k▲ 31.3%€9k▲ 7.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €470k
Fixed assets
€253k▲ 1.5%
Current assets
€217k▼ 7.9%
Equity and liabilities €470k
Equity
€109k▲ 9.1%
Debt
€360k▼ 6.2%
The debt ratio falls from 79.3% to 76.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€63k▲
2024 · €58k
Cash flow
€50k▲
2024 · €44k
Solvency
23.3%▲
2024 · 20.7%
Current ratio
0.70▼
2024 · 0.77
Quick ratio
0.08▼
2024 · 0.16
Debt / equity
3.30▼
2024 · 3.84
ROE
8.3%▼
2024 · 8.4%
ROA
1.9%▲
2024 · 1.7%
Interest coverage
5.29=
2024 · 5.29
Debt
€360k▼
2024 · €384k
Debt ≤ 1 year
€308k▲
2024 · €307k
Debt > 1 year
€51k▼
2024 · €76k
Income taxes
€4k▲
2024 · €4k
Staff costs
€22k▲
2024 · €14k
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 2024
Balance sheet
Code20242025
Assets
Total assets20/58€485k€470k▼
Fixed assets21/28€249k€253k▲
Intangible fixed assets21€180k€194k▲
Tangible fixed assets22/27€68k€58k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€9k€9k▲
Other tangible fixed assets26€47k€42k▼
Financial fixed assets28€1k€1k=
Current assets29/58€235k€217k▼
Stocks and contracts in progress3€186k€192k▲
Stocks30/36€186k€192k▲
Amounts receivable within one year40/41€36k€12k▼
Trade receivables40€33k€10k▼
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€13k€13k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€485k€470k▼
Equity10/15€100k€109k▲
Contributions10/11€6k€6k=
Reserves13€94k€103k▲
Distributable reserves133€94k€103k▲
Amounts payable17/49€384k€360k▼
Amounts payable after more than one year17€76k€51k▼
Financial debts170/4€76k€51k▼
Amounts payable within one year42/48€307k€308k▲
Current portion of amounts payable after more than one year42€26k€27k▲
Financial debts43€63k€75k▲
Credit institutions430/8€63k€75k▲
Trade debts44€139k€113k▼
Suppliers440/4€139k€113k▼
Advances received on contracts in progress46€6k€6k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€2k€3k▲
Remuneration and social security454/9€5k€720▼
Other amounts payable47/48€64k€84k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A€17k€0▼
Remuneration, social security and pensions62€14k€22k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€41k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€210
Other operating charges640/8€11k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€83k€88k▲
Operating profit (loss)9901€23k€22k▼
Financial income75/76B€484€3k▲
Recurring financial income75€484€3k▲
Financial charges65/66B€11k€12k▲
Recurring financial charges65€11k€12k▲
Profit (loss) for the period before taxes9903€12k€13k▲
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€8k€9k▲
Profit (loss) for the period to be appropriated9905€8k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€9k▲
Transfer to equity691/2€8k€9k▲
To other reserves6921€8k€9k▲
Social balance
Average headcount (FTE)90870.61.5▲
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €100kEq €100k ▲9.2%
6 profitable years in a row build equity to €100k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €4k ▼83.1%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Highest result since 2019net €38k ▲53.2%
Operating result €67k, net result €38k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Pieters-Leeuw · 1 establishment unit since 2018
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.
Meerweg 451601 Sint-Pieters-LeeuwGround area
567 m²
Building footprint
563 m²
Volume, LiDAR
4,603 m³
Parcel 23069A0068/00L000, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
VAN CUTSEM
since 20182.279.493.862
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069A0068/00L000 | Flanders | 567 m² | 1 · 563 m² | 12.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,500 EUR awarded · 2,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Pieters-Leeuw2.279.493.862
Dual-learning approval
12 live approvals · 5 endedLogistiek assistent magazijn (vwo)
Logistiek assistent magazijn duaal (so)
Logistiek duaal (so)
Logistiek duaal (so)
Magazijnmedewerker (vwo)
Magazijnmedewerker (vwo)
Show 6 more
Magazijnmedewerker duaal (so)
Magazijnmedewerker duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
Winkelmedewerker duaal (so)
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Of 175 companies in sector 46211 we hold annual accounts for 79. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-09-2018
Fiscal year end30-09
Activities, NACEBEL
46211Wholesale trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
46212Wholesale trade
46220Wholesale trade
46389Wholesale of other food products
46852Wholesale trade
47210Retail sale of fruit and vegetables
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.