Bi-CUBE
ActiveSummary
Bi-CUBE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-409k) and a net result of €-34k. Equity is shrinking by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 10% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability62▲+17
Solvency3▲+3
Growth32▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.13 in 2024; short-term debt: 108.3% and cash: 8.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-22%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-409k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
27 d late
2024
29 d late
2023
29 d late
2022
25 d late
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-409k▼ 9.1%
2024 · €-375k
Total assets
€1.86M▲ 57.7%
2024 · €1.18M
Net result
€-34k▼ 218%
2024 · €-11k
Working capital
€-1.74M▼ 54.7%
2024 · €-1.12M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-18k-€-52k▼ 181%€-312k▼ 502%€-9k▲ 97.0%€-30k▼ 224%
Net result€-21k-€-57k▼ 174%€-317k▼ 458%€-11k▲ 96.6%€-34k▼ 218%
Equity€9k-€-48k€-364k▼ 667%€-375k▼ 3.0%€-409k▼ 9.1%
Total assets€781k-€871k▲ 11.5%€922k▲ 5.9%€1.18M▲ 28.2%€1.86M▲ 57.7%
Debt€771k-€918k▲ 19.0%€1.29M▲ 40.1%€1.56M▲ 21.1%€2.27M▲ 46.0%
Working capital€-440k-€-613k▼ 39.3%€-575k▲ 6.2%€-1.12M▼ 95.5%€-1.74M▼ 54.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2025 against €9k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.58M ▲ 55.4%
Current assets
€281k ▲ 72.2%
Key figures and ratios
EBITDA
€23k▲
2024 · €15k
Cash flow
€19k▲
2024 · €13k
Solvency
-22.0%▲
2024 · -31.7%
Current ratio
0.14▲
2024 · 0.13
Quick ratio
0.08▲
2024 · 0.04
Debt to equity
-5.55▼
2024 · -4.15
ROA
-1.8%▼
2024 · -0.9%
Interest coverage
5.41▲
2024 · 3.30
Debt ≤ 1 year
€2.02M▲
2024 · €1.29M
Debt > 1 year
€255k▼
2024 · €271k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €53k | €31k | €24k | €53k | ▲ 120% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €47k | - | - | - |
| Other operating charges640/8 | €1k | €10k | €12k | €3k | €4k | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | €218k | - | - | - |
| Gross operating margin9900 | €3k | €12k | €-4k | €18k | €27k | ▲ 46.0% |
| Operating profit (loss)9901 | €-18k | €-52k | €-312k | €-9k | €-30k | ▼ 224% |
| Financial income75/76B | - | €3 | - | €3k | - | - |
| Recurring financial income75 | - | €3 | - | €3k | - | - |
| Financial charges65/66B | €2k | €5k | €5k | €5k | €4k | ▼ 5.0% |
| Recurring financial charges65 | €2k | €5k | €5k | €5k | €4k | ▼ 5.0% |
| Profit (loss) for the period before taxes9903 | €-21k | €-57k | €-317k | €-11k | €-34k | ▼ 218% |
| Profit (loss) for the period9904 | €-21k | €-57k | €-317k | €-11k | €-34k | ▼ 218% |
| Profit (loss) for the period to be appropriated9905 | €-21k | €-57k | €-317k | €-11k | €-34k | ▼ 218% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €781k | €871k | €922k | €1.18M | €1.86M | ▲ 57.7% |
| Fixed assets21/28 | €765k | €866k | €496k | €1.02M | €1.58M | ▲ 55.4% |
| Tangible fixed assets22/27 | €765k | €866k | €496k | €1.02M | €1.58M | ▲ 55.4% |
| Land and buildings22 | €765k | €866k | €496k | €1.02M | €1.58M | ▲ 55.4% |
| Current assets29/58 | €15k | €5k | €426k | €163k | €281k | ▲ 72.2% |
| Stocks and contracts in progress3 | - | - | €113k | €113k | €113k | = |
| Stocks30/36 | - | - | €113k | €113k | €113k | = |
| Amounts receivable within one year40/41 | €2k | €3k | €35k | €8k | €8k | ▼ 5.0% |
| Trade receivables40 | €716 | €3k | €4k | €6k | €5k | ▼ 16.5% |
| Other amounts receivable41 | €1k | €0 | €30k | €1k | €2k | ▲ 46.7% |
| Current investments50/53 | - | - | - | €0 | - | - |
| Cash at bank and in hand54/58 | €12k | €921 | €278k | €42k | €159k | ▲ 280% |
| Deferred charges and accrued income490/1 | €2k | €353 | €0 | - | €644 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €781k | €871k | €922k | €1.18M | €1.86M | ▲ 57.7% |
| Equity10/15 | €9k | €-48k | €-364k | €-375k | €-409k | ▼ 9.1% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Profit (loss) carried forward14 | €-21k | €-78k | €-394k | €-405k | €-439k | ▼ 8.5% |
| Amounts payable17/49 | €771k | €918k | €1.29M | €1.56M | €2.27M | ▲ 46.0% |
| Amounts payable after more than one year17 | €316k | €301k | €286k | €271k | €255k | ▼ 5.7% |
| Financial debts170/4 | €316k | €301k | €286k | €271k | €255k | ▼ 5.7% |
| Amounts payable within one year42/48 | €455k | €617k | €1.00M | €1.29M | €2.02M | ▲ 56.9% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €15k | €15k | €15k | ▲ 1.5% |
| Trade debts44 | €0 | €790 | €40k | €326k | €386k | ▲ 18.4% |
| Suppliers440/4 | €0 | €790 | €40k | €326k | €386k | ▲ 18.4% |
| Taxes, remuneration and social security45 | €0 | €733 | €0 | €0 | €0 | - |
| Taxes450/3 | €0 | €733 | €0 | €0 | €0 | - |
| Other amounts payable47/48 | €441k | €601k | €945k | €945k | €1.62M | ▲ 71.1% |
| Accrued charges and deferred income492/3 | €441 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-21k | €-57k | €-317k | €-11k | €-34k | ▼ 218% |
| + Depreciation and write-downs630 | €20k | €53k | €31k | €24k | €53k | ▲ 120% |
| Operating cash flow (approximation) | €-345 | €-4k | €-286k | €13k | €19k | ▲ 41.3% |
| Investment in fixed assets (approximation) | - | €-154k | €339k | €-547k | €-618k | ▼ 12.9% |
| Change in cash | - | €-11k | €277k | €-236k | €117k | ▲ 150% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-317k
Net result drops to €-317k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vielsalm · 1 establishment unit since 2021
Ground area
3,029 m²
Building footprint
143 m²
Parcel 82025A0990/00C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Bi-CUBE
since 20212.320.599.888
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82025A0990/00C000 | Wallonia | 3,029 m² | 1 · 143 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 1,426 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.