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 2 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
CUMUDOR from Pepingen, company number BE0773717233, closed financial year 2025 with a result of € 109,968 after tax. For that financial year CUMUDOR recorded a gross margin of € 361,081 and equity of € 977,591. Compared with financial year 2024, the result moved from € 587,820 to € 109,968. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on February 4, 2026.
€ 977,591
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109,968
▼ 81% vs 2024
Profit after tax over the fiscal year.
€ 54,407
▼ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
45 % of the profit went to the shareholders, mostly to Vk concept (50 % of the shares). That is where the money ends up.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 14.4 million
▲ 17% vs 2024
€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 68,738
▼ 86% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,813
▼ 63% 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 | € -15,779 | € 72,915 | € 784,880 | € 361,081 | ▼ 54% |
| Profit after taxes | € -21,675 | € 51,477 | € 587,820 | € 109,968 | ▼ 81% |
| Equity | € 478,325 | € 529,802 | € 917,623 | € 977,591 | ▲ 7% |
| Total debts | € 2,413,317 | € 6,081,046 | € 13,091,657 | € 14,704,781 | ▲ 12% |
| Cash | € 48,308 | € 52,803 | € 199,002 | € 54,407 | ▼ 73% |
| Retained profit | € -21,675 | € 29,802 | € 417,623 | € 477,591 | ▲ 14% |
| Dividend | € 0 | € 0 | € 200,000 | € 50,000 | ▼ 75% |
| Bank debt | € 2,350,000 | € 5,185,340 | € 12,344,149 | € 14,424,480 | ▲ 17% |
| Balance sheet total | € 2,891,642 | € 6,610,848 | € 14,009,280 | € 15,682,372 | ▲ 12% |
Key figures of CUMUDOR, 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 April 2027.
What happened to CUMUDOR?
What happened at CUMUDOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 109,968 (▼ 81% vs 2024). Source: NBB ↗
- Phenix Group NV became a director. NBB
- Saffelberg Director & Management Services bv stepped down as director. NBB
- New establishment in Pepingen. KBO
- Saffelberg Director & Management Services bv became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 21,675 loss in 2022 to € 109,968 profit in 2025.
Paid € 159,991 in corporate taxes since 2022.
Best year ever: 2024, with € 587,820 profit.
Paid out € 250,000 in dividends to the owners in total.
Management
The stake of Vk concept, SAFFELBERG INVESTMENTS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CUMUDORBehind CUMUDOR is Phenix Group NV. The shares are held by Vk concept (50%) and SAFFELBERG INVESTMENTS (50%).
Directors
According to the 2025 annual accounts
since 2025
Saffelberg Director & Management Services bv
Director · represented by Jos Sluys
Also active at: CALCUTTA IMMO, BELGISCHE GRONDEN RESERVE, TOPLIN, SAS, SeKwens - Immo, De POPULIER, IRISTICK, DIABATIX +22 more
since 2021 · until 2025
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dorekensstraat(BE) 13
1674 Pepingen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0773.717.233
- VAT number
- BE 0773.717.233
- Registered office
- Dorekensstraat(BE) 13, 1674 Pepingen
- Names & denominations
- CUMUDOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 September 2021
- Peppol
- Active · Active since 27 Aug 2025
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van syndici van onroerend goed
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Verhuur en exploitatie van terreinen
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis