Bankrupt · Opening faillissement (CBE)

CULI'S

BE0871965464

Rechtspersoon Public limited company 1 establishment

CULI'S is a supermarket in Zottegem. Public Limited, started on 17 February 2005, 1 establishment.

Heldenlaan 11, 9620 Zottegem

Start date

17 February 2005

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Tight liquidity NBB

    Cash and receivables cover 64 % of short-term debt in 2023; threshold 65 %.

  • Legal situation KBO

    Opening faillissement according to the CBE.

Financials

Financial year 2023

CULI'S from Zottegem, company number BE0871965464, closed financial year 2023 with a result of € -36,502 after tax. For that financial year CULI'S recorded a gross margin of € 472,982 and equity of € 56,143. Compared with financial year 2022, the result moved from € 26,769 to € -36,502. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 31, 2023.

What it is worth Healthy

€ 56,143

▼ 39% vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -36,502

▼ still € 26,769 profit in 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 44,675

▼ 68% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -433,857.

People and assets in 2023

Full-time equivalents

10.9

▼ 0.1 vs 2022

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 412,451

▲ 8% vs 2022

€ 37,800 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.

Vehicles and equipment

€ 4,154

▼ 26% vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt ≈ 14 years to go

€ 637,128

▲ 87% vs 2022

€ 46,115 is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.

Owed to suppliers

€ 109,304

▼ 15% vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 34,927

▼ 7% vs 2022

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20222023Change 2022 → 2023
Gross margin € 477,566 € 472,982 ▼ 1%
Profit after taxes € 26,769 € -36,502 ▼ € 63,272
Equity € 92,645 € 56,143 ▼ 39%
Total debts € 587,579 € 866,327 ▲ 47%
Cash € 141,569 € 44,675 ▼ 68%
Land & buildings € 128,792 € 120,208 ▼ 7%
Retained profit € -397,355 € -433,857 ▼ € 36,502
Bank debt € 340,744 € 637,128 ▲ 87%
Balance sheet total € 680,225 € 922,470 ▲ 36%
Employees (FTE) 11 10.9 ▼ 0.1

Key figures of CULI'S, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 October 2024.

What happened to CULI'S?

What happened at CULI'S in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

CULI'S is active according to the CBE. Legal situation: Opening faillissement.

  • Sylvie De Meyer stepped down as director. NBB
  • Maddy Haegeman stepped down as director. NBB
  • Wim De Wannemacker stepped down as director. NBB
  • New annual accounts for financial year 2023: loss of € 36,502 (▼ € 63,272 vs 2022). Source: NBB ↗
  • Sylvie De Meyer became a director. NBB
  • Maddy Haegeman became a director. NBB
  • Wim De Wannemacker became a director. NBB
  • New establishment in Zottegem. KBO

In short

From € 26,769 profit in 2022 to € 36,502 loss in 2023.

Best year ever: 2022, with € 26,769 profit.

On average € 43,400 of value added per employee in 2023.

Management

The stake of LAUWERS MANAGEMENT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CULI'S

The shares are held by LAUWERS MANAGEMENT.

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Directors

According to the 2023 annual accounts

Sylvie De Meyer

Director

since 2021 · until 2027

Maddy Haegeman

Director

since 2021 · until 2027

Wim De Wannemacker

Managing director

Also active at: IMMO-ANCA

since 2021 · until 2027

Shareholders

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Heldenlaan 11

9620 Zottegem

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number
0871.965.464
VAT number
BE 0871.965.464
Registered office
Heldenlaan 11, 9620 Zottegem
Names & denominations
CULI'S
Enterprise type
Rechtspersoon
Legal form
Public limited company
Legal situation
Opening faillissement
Start date
17 February 2005
Peppol
Not registered
Activities · NACE

Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen

Overige niet-gespecialiseerde detailhandel in winkels in overwegend voedings- en genotmiddelen

Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte < 100 m²)

Frequently asked questions

What does CULI'S do?
CULI'S is a supermarket in Zottegem. Public Limited, started on 17 February 2005, 1 establishment.
What is the address of CULI'S?
The registered office of CULI'S is located at Heldenlaan 11, 9620 Zottegem.
Is CULI'S still active?
No. The CBE lists CULI'S with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is CULI'S registered on Peppol?
No, CULI'S is currently not registered on the Peppol network.
What is the enterprise number of CULI'S?
The enterprise number of CULI'S is BE0871965464.
When was CULI'S founded?
CULI'S was founded on 17 February 2005.