ACTIVE

CUZCO

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Financial year 2025 · Closed on 30/06/2025

Net result2,8 k €-78,5 %over 1 year

Gross margin58,9 k €-26,8 %over 1 year

Equity1,6 M €-16,5 %over 1 year

Identity

Source · BCE/KBO

CUZCO is a Private limited company incorporated in 1983. Its registered office is in Chièvres.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0424.150.811
Incorporation: 21/03/1983
Legal form: Private limited company
Registered office: Rue des Curoirs 5
7950 Chièvres · WallonieSee on map
Contributed capital: 18 600,00 €
Latest accounts: 30/06/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2020
Income statement
Gross margin	58,9 k €	-26.8%	80,5 k €	-25.4%	107,9 k €	-95.6%	2,4 M €	+408%	477,6 k €
EBITDA	53,5 k €	-30.4%	76,8 k €	-26.7%	104,8 k €	-95.4%	2,3 M €	+497%	379,3 k €
Operating result	-3,6 k €	-119%	18,8 k €	-59.9%	46,8 k €	-97.9%	2,2 M €	+550%	338,9 k €
Net result	2,8 k €	-78.5%	13,1 k €	-64.4%	36,8 k €	-97.6%	1,5 M €	+575%	223,3 k €
Balance sheet
Equity	1,6 M €	-16.5%	1,9 M €	-1.9%	1,9 M €	-0.1%	1,9 M €	+356%	423,2 k €
Total assets	2,1 M €	-5.7%	2,3 M €	-3.9%	2,3 M €	-5.9%	2,5 M €	+96.2%	1,3 M €
Cash	278,6 k €	-7.9%	302,4 k €	+629%	41,5 k €	-85.7%	290 k €	-6.2%	309,1 k €
Debts	540 k €	+51.4%	356,6 k €	-13.0%	409,8 k €	-26.3%	556 k €	+0.4%	553,9 k €
Other
Workforce	–		–		–		–		1,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MARC HERVENS	Director
SABINE HANUISE	DirectorChairman of the board of directors2017 accountsendedManager2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DANIEL BAVIER	Associate2020 accounts
JEAN-PIERRE RULOT	Managing director2017 accountsManager2012 accounts
MARIE MASSON	Director2017 accounts

Full financial information

Source · NBB

	2025	2024	2023	2022	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	18 months	12 months	12 months
Filing date	28/01/2026	19/12/2024	22/12/2023	31/01/2023	01/07/2021	22/10/2020
General meeting	06/12/2025	07/12/2024	02/12/2023	03/12/2022	29/05/2021	30/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	06/12/2025	28/01/2026	French	PDF
Micro model	30/06/2024	07/12/2024	19/12/2024	French	PDF
Micro model	30/06/2023	02/12/2023	22/12/2023	French	PDF
Micro model	30/06/2022	03/12/2022	31/01/2023	French	PDF
Abridged model	31/12/2020	29/05/2021	01/07/2021	French	PDF
Abridged model	31/12/2019	30/05/2020	22/10/2020	French	PDF
Abridged model	31/12/2018	25/05/2019	04/07/2019	French	PDF
Abridged model	31/12/2017	26/05/2018	25/06/2018	French	PDF
Abridged model	31/12/2016	27/05/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	28/05/2016	30/06/2016	French	PDF
Abridged model	31/12/2014	30/05/2015	26/06/2015	French	PDF
Abridged model	31/12/2013	31/05/2014	27/06/2014	French	PDF
Abridged model	31/12/2012	25/05/2013	05/07/2013	French	PDF
Abridged model	31/12/2011	26/05/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	28/05/2011	01/06/2011	French	PDF
Abridged model	31/12/2009	29/05/2010	24/06/2010	French	PDF
Abridged model	31/12/2008	30/05/2009	19/06/2009	French	PDF
Abridged model	31/12/2007	31/05/2008	24/09/2008	French	PDF
Abridged model	31/12/2006	26/05/2007	22/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 30/06/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MARC HERVENS	Director
SABINE HANUISE	DirectorChairman of the board of directors2017 accountsendedManager2024 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DANIEL BAVIER	Associate2020 accounts
JEAN-PIERRE RULOT	Managing director2017 accountsManager2012 accounts
MARIE MASSON	Director2017 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other15/12/2021
ASSEMBLEE GENERALE - ANNEE COMPTABLE
PDF
Mandates10/06/2021
DENOMINATION
PDF
Mandates09/09/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates15/01/2020
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates13/03/2019
DEMISSIONS, NOMINATIONS
PDF
Capital / shares02/01/2018
REDUCTION DU CAPITAL
PDF
Mandates27/09/2017
DEMISSION - NOMINATION
PDF
Capital / shares24/12/2013
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

SABINE HANUISE

MARC HERVENS

NAZKA SPRL

JEAN-PIERRE RULOT

MARIE MASSON

DANIEL BAVIER

19831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CUZCO

Rue des Curoirs 5, 7950 Chièvres

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Curoirs 5, 7950 ChièvresCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00019131

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CUZCOCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00019131

Events

2025
Annual accounts 20252,8 k €↓
2024
Annual accounts 202413,1 k €↓
2023
Annual accounts 202336,8 k €↓
2022
Annual accounts 20221,5 M €↑
2020
Annual accounts 2020223,3 k €↑
2019
Annual accounts 201990,9 k €↑
2018
Annual accounts 201850,7 k €↑
2017
Annual accounts 201737,8 k €↓
2016
Annual accounts 201658 k €↓
2015
Annual accounts 201565 k €↑
2014
Annual accounts 201455,5 k €↑
2013
Annual accounts 201333,7 k €↑
2012
Annual accounts 201224,1 k €↓
2011
Annual accounts 201134,3 k €↑
2010
Annual accounts 201022,2 k €↓
2009
Annual accounts 2009141,3 k €↑
2008
Annual accounts 200834,8 k €↓
2007
Annual accounts 200768,9 k €↑
2006
Annual accounts 200638 k €
21/03/1983
IncorporationPrivate limited company

CUZCO

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names

Events