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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CUZCO from Chièvres, company number BE0424150811, closed financial year 2025 with a result of € 2,819 after tax. For that financial year CUZCO recorded a gross margin of € 58,916 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € 13,108 to € 2,819. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2026.
€ 1.6 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2,819
▼ 78% vs 2024
Profit after tax over the fiscal year.
€ 278,633
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 314,176 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 52,714
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 225,540
▼ 25% vs 2024
€ 43,864 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 331
▼ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,427,343 | € 107,935 | € 80,466 | € 58,916 | ▼ 27% |
| Profit after taxes | € 1,508,093 | € 36,780 | € 13,108 | € 2,819 | ▼ 78% |
| Equity | € 1,931,250 | € 1,930,242 | € 1,892,618 | € 1,581,261 | ▼ 16% |
| Total debts | € 559,201 | € 412,274 | € 359,080 | € 542,491 | ▲ 51% |
| Cash | € 289,958 | € 41,492 | € 302,410 | € 278,633 | ▼ 8% |
| Land & buildings | € 883,506 | € 873,369 | € 837,403 | € 803,411 | ▼ 4% |
| Retained profit | € 1,912,650 | € 1,911,642 | € 1,874,018 | € 1,562,661 | ▼ 17% |
| Dividend | € 0 | € 37,788 | € 50,732 | € 314,176 | ▲ € 263,445 |
| Bank debt | € 366,317 | € 357,106 | € 299,036 | € 225,540 | ▼ 25% |
| Balance sheet total | € 2,490,451 | € 2,342,516 | € 2,251,698 | € 2,123,752 | ▼ 6% |
Key figures of CUZCO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CUZCO?
What happened at CUZCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2,819 (▼ 78% vs 2024). Source: NBB ↗
- New establishment in Chièvres. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.5 million profit in 2022 to € 2,819 profit in 2025.
Paid € 705,902 in corporate taxes since 2022.
Best year ever: 2022, with € 1.5 million profit.
Paid out € 402,696 in dividends to the owners in total.
Management
Behind CUZCO are MARC HERVENS and SABINE HANUISE.
Directors
According to the 2025 annual accounts
MARC HERVENS
Director
SABINE HANUISE
Director
Establishments
Establishment units
Physical locations of this company
Rue des Curoirs 5
7950 Chièvres
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.150.811
- VAT number
- BE 0424.150.811
- Registered office
- Rue des Curoirs 5, 7950 Chièvres
- Names & denominations
- CUZCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 March 1983
- Peppol
- Not registered