Warning lights
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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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
CUVELIER FRERES from Les Bons Villers, company number BE0447776348, closed financial year 2024 with a result of € -50,465 after tax. For that financial year CUVELIER FRERES recorded a gross margin of € 300,042 and equity of € 186,297. Compared with financial year 2023, the result moved from € 12,719 to € -50,465. The company made a loss. The buffer shrank hard: equity is 66 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 186,297
▼ 66% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -50,465
▼ still € 12,719 profit in 2023
Profit after tax over the fiscal year.
€ 41,165
▲ 90% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 124,297.
People and assets in 2024
6
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 286,646
▲ 2% vs 2023
€ 47,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,401
▼ 31% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 224,250
€ 28,257 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 149,915
▼ 39% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 25,123
▼ 48% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 259,855 | € 433,973 | € 356,749 | € 300,042 | ▼ 16% |
| Profit after taxes | € 83,709 | € 88,303 | € 12,719 | € -50,465 | ▼ € 63,184 |
| Equity | € 453,697 | € 541,999 | € 554,719 | € 186,297 | ▼ 66% |
| Total debts | € 255,266 | € 263,852 | € 539,200 | € 739,116 | ▲ 37% |
| Cash | € 52,918 | € 36,896 | € 21,671 | € 41,165 | ▲ 90% |
| Land & buildings | € 103,383 | € 98,687 | € 189,392 | € 190,263 | |
| Retained profit | € 391,697 | € 479,999 | € 492,719 | € 124,297 | ▼ 75% |
| Dividend | € 0 | € 0 | € 0 | € 317,958 | |
| Bank debt | € 77,166 | € 105,151 | € 224,288 | € 224,250 | |
| Balance sheet total | € 708,963 | € 805,851 | € 1,093,919 | € 925,412 | ▼ 15% |
| Employees (FTE) | 4.9 | 6.2 | 5.9 | 6 | ▲ 0.1 |
Key figures of CUVELIER FRERES, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CUVELIER FRERES?
What happened at CUVELIER FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 50,465 (▼ € 63,184 vs 2023). filed late Source: NBB ↗
- New establishment in Les Bons Villers. KBO
- Start of the company according to the CBE. KBO
In short
From € 83,709 profit in 2021 to € 50,465 loss in 2024.
Paid € 71,394 in corporate taxes since 2021.
Best year ever: 2022, with € 88,303 profit.
On average € 50,000 of value added per employee in 2024.
Management
The stake of A.J. MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CUVELIER FRERESBehind CUVELIER FRERES is AJ Management SA. The shares are held by A.J. MANAGEMENT (89.6%).
Directors
According to the 2024 annual accounts
Director · represented by Cuvelier PHILIPPE
Shareholders
89.6%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zoning industriel de Frasnes 4
6210 Les Bons Villers
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.776.348
- VAT number
- BE 0447.776.348
- Registered office
- Zoning industriel de Frasnes 4, 6210 Les Bons Villers
- Names & denominations
- CUVELIER FRERES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 July 1992
- Peppol
- Active · Active since 9 Dec 2025
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