Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 14.8 to 11.8.
Financials
Financial year 2025
CUTHINGS from Zonhoven, company number BE0556825728, closed financial year 2025 with a result of € 61,312 after tax. For that financial year CUTHINGS recorded a gross margin of € 908,449 and equity of € -709,685. Compared with financial year 2024, the result moved from € -29,449 to € 61,312. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -709,685
▲ € 61,312 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 61,312
▲ still € 29,449 loss in 2024
Profit after tax over the fiscal year.
€ 119,328
▲ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -778,429.
People and assets in 2025
11.8
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 674,560
▼ 20% vs 2024
€ 57,200 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.
€ 139,028
▼ 30% vs 2024
Of which on lease € 137,609.
Debts at end 2025
€ 1.3 million
▲ 77% vs 2024
€ 244,295 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 650,580
▼ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,132
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 682,245 | € 869,890 | € 1,034,198 | € 908,449 | ▼ 12% |
| Profit after taxes | € -349,453 | € -157,074 | € -29,449 | € 61,312 | ▲ € 90,761 |
| Equity | € -584,472 | € -741,547 | € -770,996 | € -709,685 | ▲ € 61,312 |
| Total debts | € 1,651,047 | € 1,897,515 | € 2,199,713 | € 2,091,908 | ▼ 5% |
| Cash | € 54,841 | € 40,394 | € 64,264 | € 119,328 | ▲ 86% |
| Land & buildings | - | - | € 88,973 | € 79,173 | ▼ 11% |
| Retained profit | € -653,216 | € -810,291 | € -839,740 | € -778,429 | ▲ € 61,312 |
| Bank debt | € 715,706 | € 633,074 | € 756,160 | € 1,336,544 | ▲ 77% |
| Balance sheet total | € 1,066,574 | € 1,155,969 | € 1,428,717 | € 1,382,223 | ▼ 3% |
| Employees (FTE) | 15.3 | 14.8 | 13.2 | 11.8 | ▼ 1.4 |
Key figures of CUTHINGS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CUTHINGS?
What happened at CUTHINGS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 61,312. Source: NBB ↗
- Ad Lemaco BV became a director. NBB
- Uplastics Invest BV became a director. NBB
- Four CommV became a director. NBB
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 349,453 loss in 2022 to € 61,312 profit in 2025.
Paid € 6,505 in corporate taxes since 2022.
Best year ever: 2025, with € 61,312 profit.
On average € 77,000 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of Uplastics Invest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CUTHINGSBehind CUTHINGS are Uplastics Invest BV, Four CommV and Ad Lemaco BV. The shares are held by Uplastics Invest (60.9%).
Directors
According to the 2025 annual accounts
Director · represented by Wouter Frederix
since 2024
Director · represented by Kristof Weckx
since 2021
Director · represented by David Vanhaelst
since 2026
Shareholders
60.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zavelstraat 26
3520 Zonhoven
Trichterheideweg 2 box B
3500 Hasselt
Active since 1 September 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0556.825.728
- VAT number
- BE 0556.825.728
- Registered office
- Zavelstraat 26, 3520 Zonhoven
- Names & denominations
- CUTHINGS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 July 2014
- Peppol
- Active · Active since 26 Nov 2025
- Activities · NACE
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