Cube
ActiveSummary
Cube has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €867,816 and a net result of €505,125. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 31% of 1,008 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-01-1982 Normal situation
- Activity
- Manufacture of food products NACE 10840and 3 others
- Joint committee
- 220 Paritair Comité voor de bedienden uit de voedingsnijverheid · annual accounts 2025
- Establishment unit
- 2.020.225.928 8020 Oostkamp, since 01-04-1982
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
- HOIAN BVDirector · since 20-07-2021
- LoSim BVDirector · since 20-07-2021
- WECODirector · permanent representative Vincent Haspeslagh
Shareholders
- HOIAN32.45%2024 annual accounts of HOIAN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
Annual accounts 2025
- Gross margin
- €2.8m
- ▲ 26.3%
- Turnover
- ≈ €4.8m
- estimated
- Profit
- €505,125
- ▲ 313%
- Equity
- €867,816
- ▲ 52.2%
- Total assets
- €4.3m
- ▲ 18.7%
- Employees on 31-12-2025
- 30
- ▲ 11.1%
Filed on 09-04-2026, 113 days before the deadline
Score breakdownraises riskLiquidity: current ratio 1.10, cash €150,768Equity €867,816 (20.0% of total assets)Sector: Manufacture of food products (NACE 10)Size: 28.3 FTE, total assets €4.3mShow the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 53% of small companies in food products (NACE 10)
Financial strength · tick: 2024
Average
Solvency
45+4
equity 20.0% of total assets
Liquidity
20-2
short-term debt 65.4% · cash 3.5%
Profitability
83+28
return on assets 11.6%
Bankruptcy probability within 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.3%▲ +0.2 percentage points vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025
07-2025: 1.2%● unchanged vs 06-2025
08-2025: 1.2%● unchanged vs 07-2025
09-2025: 1.2%● unchanged vs 08-2025
10-2025: 1.2%● unchanged vs 09-2025
11-2025: 1.2%● unchanged vs 10-2025
12-2025: 1.2%● unchanged vs 11-2025
01-2026: 1.2%● unchanged vs 12-2025
02-2026: 1.2%● unchanged vs 01-2026
03-2026: 1.3%▲ +0.1 percentage points vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026highest value
05-2026: 0.7%▼ -0.7 percentage points vs 04-2026lowest value
06-2026: 0.7%● unchanged vs 05-2026lowest value
07-2026: 0.7%● unchanged vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (0.96 in 2024), below the usual 1.5. Short-term debt is 65.4% and cash 3.5% of total assets. 80% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, small). It does better than 28% of them on solvency, 12% on liquidity, 81% on profitability and 92% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 days early
2024
119 days early
2023
125 days early
2022
71 days late
2021
33 days early
2020
95 days early
2019
108 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 75 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 April (4 of the last 5 accounts filed within 80 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-04-2026 PDF all 44 filings
Turnover
≈ €4.8m
Estimated: probably between €3.3m and €7.9m
Total assets
€4.3m▲ 18.7%
2024 · €3.7m
Net result
€505,125▲ 313%
2024 · €122,337
Working capital
€290,130
2024 · -€104,558
In the rankings
#7 oldest company in Oostkamp, Manufacturing sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 154% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Operating result€0.6m
2025
Net result€0.5m
2025
Total assets€4.3m
2025
Equity€0.9m
2025
Debt€3.5m
2025
Working capital€0.3m
2025
Return on assets (ROA)11.6%
2025
Solvency20.0%
2025
Current ratio1.10
2025
Staff (FTE)28.3
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.2m-€0.03m€0.04m▲ 56.0%€0.06m▲ 43.4%-€0.4m€0.2m€0.2m▲ 54.6%€0.6m▲ 154%
Net result-€0.2m-€0.002m€0.006mwithin the sector's middle half▲ 205%€0.01mwithin the sector's middle half▲ 134%-€0.4mbelow the sector's middle half€0.04mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 193%€0.5mabove the sector's middle half▲ 313%
Equity€0.3m-€0.3m▲ 0.6%€0.3mwithin the sector's middle half▲ 10.0%€0.9mabove the sector's middle half▲ 153%€0.4mwithin the sector's middle half▼ 52.3%€0.4mwithin the sector's middle half▲ 10.3%€0.6mwithin the sector's middle half▲ 27.3%€0.9mabove the sector's middle half▲ 52.2%
Total assets€1.8m-€2.1m▲ 14.0%€2.4mabove the sector's middle half▲ 15.7%€2.9mabove the sector's middle half▲ 21.9%€3.7mabove the sector's middle half▲ 26.0%€3.6mabove the sector's middle half▼ 2.2%€3.7mabove the sector's middle half▲ 2.1%€4.3mabove the sector's middle half▲ 18.7%
Debt€1.5m-€1.8m▲ 16.7%€2.1m▲ 16.7%€2.1m▲ 0.4%€3.3m▲ 58.3%€3.1m▼ 3.8%€3.1m▼ 1.5%€3.5m▲ 12.5%
Working capital€0.09m--€0.09m€0.07mwithin the sector's middle half€0.005mwithin the sector's middle half▼ 93.0%-€0.02mwithin the sector's middle half-€0.4mbelow the sector's middle half▼ 1,912%-€0.1mbelow the sector's middle half▲ 76.7%€0.3mwithin the sector's middle half
Solvency16.8%-14.9%▼ 2.0pp14.1%below the sector's middle half▼ 0.7pp29.2%within the sector's middle half▲ 15.1pp11.1%below the sector's middle half▼ 18.2pp12.5%below the sector's middle half▲ 1.4pp15.6%below the sector's middle half▲ 3.1pp20.0%within the sector's middle half▲ 4.4pp
Current ratio1.08-0.93▼ 0.151.05within the sector's middle half▲ 0.121.00within the sector's middle half▼ 0.050.99within the sector's middle half▼ 0.010.83below the sector's middle half▼ 0.160.96within the sector's middle half▲ 0.121.10within the sector's middle half▲ 0.15
Return on assets (ROA)-12.3%-0.1%▲ 12.4pp0.2%within the sector's middle half▲ 0.2pp0.5%below the sector's middle half▲ 0.2pp-12.1%below the sector's middle half▼ 12.6pp1.2%within the sector's middle half▲ 13.3pp3.3%within the sector's middle half▲ 2.2pp11.6%within the sector's middle half▲ 8.3pp
Staff (FTE)13.9-14.9▲ 7.2%15.7above the sector's middle half▲ 5.4%20.1above the sector's middle half▲ 28.0%24.7above the sector's middle half▲ 22.9%23.4above the sector's middle half▼ 5.3%26.6above the sector's middle half▲ 13.7%28.3above the sector's middle half▲ 6.4%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.3m
Fixed assets
€1.2m ▼ 8.5%
Current assets
€3.1m ▲ 34.1%
Equity and liabilities €4.3m
Equity
€867,816 ▲ 52.2%
Debt
€3.5m ▲ 12.5%
Debt's share of the balance-sheet total falls from 84.4% to 80.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€894,984▲
2024 · €491,582
Cash flow
€776,792▲
2024 · €368,101
Quick ratio
0.42▲
2024 · 0.35
Debt to equity
4.01▼
2024 · 5.42
ROE
58.2%▲
2024 · 21.5%
Interest coverage
7.50▲
2024 · 3.85
Debt ≤ 1 year
€2.8m▲
2024 · €2.4m
Debt > 1 year
€501,941▼
2024 · €643,523
Income taxes
€2,171▲
2024 · €88
Staff costs
€1.9m▲
2024 · €1.7m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 23 | 26 | 25 | 27 | 30 |
| full-time | 22 | 25 | 24 | 26 | 25 |
| part-time | 1 | 1 | 1 | 1 | 5 |
| in full-time equivalents | 22.3 | 25.3 | 24.5 | 26.6 | 29.2 |
| Average over the year, in full-time equivalents | 20.1 | 24.7 | 23.4 | 26.6 | 28.3 |
| On a permanent contract | 23 | 26 | 24 | 27 | 28 |
| Joined | 12 | 7 | 7 | 8 | 19 |
| Left | 6 | 4 | 8 | 6 | 16 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €979,270 | €2.2m | €2.0m | €502,269 | €343,523 |
| Debts guaranteed by Belgian public bodies | €62,269 | €250,000 | €250,000 | €250,000 | €250,000 |
| Pledge on the business | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 |
| Mandates to pledge the business | €230,000 | €230,000 | €230,000 | €230,000 | €230,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €212,919 | €604,794 | €140,949 | €178,237 | €141,541 |
| Intangible fixed assets | €20,949 | - | €9,000 | €59,033 | €18,082 |
| Depreciation and write-downs of the year | €168,175 | €190,272 | €222,190 | €245,763 | €271,667 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €295,670 awarded · €288,707 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | €15,553 | €9,103 |
| 2024 | 2 | €2,830 | €52,604 |
| 2023 | 2 | €30,000 | €129,000 |
| 2022 | 2 | €247,287 | €98,000 |
Comparable companies
These companies have the same main activity as Cube: manufacture of food products (NACE 10840). They are comparable in size and age: total assets between €4.2m and €11m, founded between 1947 and 1999.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| Cube Oostkamp | 1982 | €4.3m | €0.9m | €2.8m | €0.5m | 28.3 | 2025 |
| CONSERVERIE ET MOUTARDERIE BELGE Raeren | 1988 | €5.4m | €2.4m | €2.1m | €0.4m | 23.8 | 2025 |
| ANDA Boortmeerbeek | 1988 | €5.2m | €3.0m | €2.8m | €0.6m | 21.4 | 2025 |
| FLANDOR FLAVOURS INTERNATIONAL Zulte | 1977 | €4.2m | €2.9m | €2.0m | €0.8m | 12.9 | 2025 |
| BIONAT Namur | 1987 | €11.4m | €2.5m | €2.5m | €0.2m | 29.8 | 2025 |
| Labo Phytophar Oostkamp | 1999 | €10.9m | €2.1m | €3.3m | €0.2m | 33.5 | 2025 |
| Evlier Schoten | 1947 | €4.5m | €2.8m | €1.7m | €0.2m | 16.8 | 2025 |
They were chosen from the 58 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,613 companies had the same profile as Cube has now. Two years later, 0.7% had gone bankrupt and 97.3% were still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97.3%
was still going
That fits the bankruptcy probability of Cube itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for Cube. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | - | €0.005m | - |
| Remuneration, social security and pensions62 | - | - | - | €1.1m | €1.4m | €1.4m | €1.7m | €1.9m | ▲ 14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.008m | €0.008m | €0.006m | €0.001m | ▼ 91.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.06m | €0 | ▼ 100% |
| Gross operating margin9900 | €0.7m | €1.1m | €1.0m | €1.3m | €1.2m | €1.8m | €2.2m | €2.8m | ▲ 26.3% |
| Operating profit (loss)9901 | -€0.2m | €0.03m | €0.04m | €0.06m | -€0.4m | €0.2m | €0.2m | €0.6m | ▲ 154% |
| Financial income75/76B | - | - | - | €0.002m | €0.01m | €0.002m | €0.004m | €0.003m | ▼ 22.2% |
| Recurring financial income75 | €0.001m | €85 | €0.001m | €0.002m | €0.01m | €0.002m | €0.004m | €0.003m | ▼ 22.2% |
| Financial charges65/66B | - | - | - | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 6.5% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.03m | €0.05m | €0.05m | €0.1m | €0.1m | €0.1m | ▼ 6.5% |
| Profit (loss) for the period before taxes9903 | -€0.2m | €0.002m | €0.006m | €0.01m | -€0.4m | €0.04m | €0.1m | €0.5m | ▲ 314% |
| Income taxes67/77 | €334 | €230 | €190 | €0 | - | - | €88 | €0.002m | ▲ 25× |
| Profit (loss) for the period9904 | -€0.2m | €0.002m | €0.006m | €0.01m | -€0.4m | €0.04m | €0.1m | €0.5m | ▲ 313% |
| Profit (loss) for the period to be appropriated9905 | -€0.2m | €0.002m | €0.006m | €0.01m | -€0.4m | €0.04m | €0.1m | €0.5m | ▲ 313% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €2.1m | €2.4m | €2.9m | €3.7m | €3.6m | €3.7m | €4.3m | ▲ 18.7% |
| Fixed assets21/28 | €0.6m | €0.8m | €0.9m | €1.0m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 8.5% |
| Intangible fixed assets21 | - | €0.005m | €0.003m | €0.02m | €0.01m | €0.02m | €0.06m | €0.05m | ▼ 15.9% |
| Tangible fixed assets22/27 | €0.6m | €0.7m | €0.9m | €1.0m | €1.4m | €1.3m | €1.3m | €1.2m | ▼ 8.1% |
| Plant, machinery and equipment23 | - | - | - | €0.8m | €1.2m | €1.1m | €1.1m | €1.0m | ▼ 7.7% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.01m | €0.007m | €0.004m | €0.01m | ▲ 306% |
| Other tangible fixed assets26 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 18.3% |
| Financial fixed assets28 | €0.006m | €0.006m | €0.005m | €0.005m | €0.005m | €0 | - | - | - |
| Current assets29/58 | €1.2m | €1.3m | €1.5m | €1.9m | €2.3m | €2.2m | €2.3m | €3.1m | ▲ 34.1% |
| Stocks and contracts in progress3 | €0.4m | €0.7m | €0.7m | €1.2m | €1.2m | €1.2m | €1.5m | €1.9m | ▲ 29.9% |
| Stocks30/36 | - | - | - | €1.2m | €1.2m | €1.2m | €1.5m | €1.9m | ▲ 29.9% |
| Amounts receivable within one year40/41 | €0.6m | €0.5m | €0.3m | €0.5m | €0.5m | €0.6m | €0.6m | €1.0m | ▲ 61.4% |
| Trade receivables40 | - | - | - | €0.4m | €0.4m | €0.5m | €0.5m | €0.9m | ▲ 69.6% |
| Other amounts receivable41 | - | - | - | €0.09m | €0.1m | €0.08m | €0.1m | €0.1m | ▲ 19.1% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.4m | €0.2m | €0.6m | €0.3m | €0.2m | €0.2m | ▼ 25.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.007m | €0.1m | €0.04m | €0.06m | ▲ 80.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €2.1m | €2.4m | €2.9m | €3.7m | €3.6m | €3.7m | €4.3m | ▲ 18.7% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.9m | €0.4m | €0.4m | €0.6m | €0.9m | ▲ 52.2% |
| Contributions10/11 | €0.6m | €0.6m | €0.3m | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Capital10 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Issued capital100 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.8m | = |
| Reserves13 | €0.03m | €0.03m | €0.04m | €0.05m | €0.005m | €0.005m | €0.005m | €0.03m | ▲ 507% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.03m | ▲ 507% |
| Legal reserve130 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.03m | ▲ 507% |
| Distributable reserves133 | - | - | - | €0.05m | €0 | - | - | - | - |
| Profit (loss) carried forward14 | -€0.4m | -€0.4m | - | - | -€0.4m | -€0.4m | -€0.2m | €0.04m | - |
| Amounts payable17/49 | €1.5m | €1.8m | €2.1m | €2.1m | €3.3m | €3.1m | €3.1m | €3.5m | ▲ 12.5% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.7m | €0.2m | €1.0m | €0.4m | €0.6m | €0.5m | ▼ 22.0% |
| Financial debts170/4 | - | - | - | €0.2m | €1.0m | €0.4m | €0.6m | €0.5m | ▼ 22.0% |
| Other amounts payable178/9 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.1m | €1.4m | €1.4m | €1.9m | €2.3m | €2.7m | €2.4m | €2.8m | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.6m | €0.2m | €0.1m | ▼ 10.8% |
| Financial debts43 | - | - | - | €0.4m | €0.5m | €0.5m | €0.8m | €0.7m | ▼ 16.1% |
| Credit institutions430/8 | - | - | - | €0.4m | €0.5m | €0.5m | €0.8m | €0.7m | ▼ 16.1% |
| Trade debts44 | €0.5m | €0.6m | €0.7m | €1.2m | €1.4m | €1.3m | €1.3m | €1.6m | ▲ 25.4% |
| Suppliers440/4 | - | - | - | €1.2m | €1.4m | €1.3m | €1.3m | €1.6m | ▲ 25.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.3m | €0.2m | €0.2m | ▲ 7.8% |
| Taxes450/3 | - | - | - | €0.04m | €0.04m | €0.05m | €0.04m | €0.05m | ▲ 18.2% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 5.2% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.03m | €0.02m | €0.005m | €0.2m | ▲ 39× |
| Accrued charges and deferred income492/3 | - | - | - | €305 | €0.001m | €0.008m | €0.008m | €0.1m | ▲ 18× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€221,859 | €1,923 | €5,858 | €13,711 | -€444,453 | €41,732 | €122,337 | €505,125 | ▲ 313% |
| + Depreciation and write-downs630 | €180,094 | €189,670 | €156,587 | €168,175 | €190,272 | €222,190 | €245,763 | €271,667 | ▲ 10.5% |
| Operating cash flow (approximation) | -€41,765 | €191,593 | €162,445 | €181,886 | -€254,181 | €263,922 | €368,101 | €776,792 | ▲ 111% |
| Investment in fixed assets (approximation) | - | -€364,844 | -€336,842 | -€233,868 | -€604,794 | -€145,449 | -€237,270 | -€159,623 | ▲ 32.7% |
| Change in cash | - | -€185,581 | €280,565 | -€161,797 | €323,372 | -€241,757 | -€120,787 | -€51,094 | ▲ 57.7% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-04-2026 | 2026-00075885 | |
| 31-12-2024 | abbreviated format | 03-04-2025 | 2025-00063082 | |
| 31-12-2023 | abbreviated format | 28-03-2024 | 2024-00051210 | |
| 31-12-2022 | abbreviated format | 10-10-2023 | 2023-00480255 | |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20099858 | |
| 31-12-2020 | abbreviated format | 27-04-2021 | 2021-11300133 | |
| 31-12-2019 | abbreviated format | 14-04-2020 | 2020-08900599 | |
| 31-12-2018 | abbreviated format | 26-07-2019 | 2019-40000256 | |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-28300386 | |
| 31-12-2016 | abbreviated format | 27-06-2017 | 2017-21100529 |
Board & ownership
Directors
Directors
3 directors, last change in 2026
Board 3
HOIAN BV
Current
Director · since 20-07-2021 · Legal entity · listed in the 2025 annual accounts, filed on 09-04-2026
LoSim BV
Current
Director · since 20-07-2021 · Legal entity · listed in the 2025 annual accounts, filed on 09-04-2026
WECO
Current
Director · appointed in the act of 29-05-2026 · term until the 2031 general meeting · Limited partnership · permanent representative: Vincent Haspeslagh · also on the board of 1 other company
Permanent representatives 1
Vincent Haspeslagh
Current
Permanent representative · appointed in the act of 29-05-2026 · for WECO
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De enige bestuurder van de CommV WECO, Jan Haspeslagh, stelt Vincent Haspeslagh, wonende te 9850 Deinze, Kerrebroek 90, aan als vaste…”
deed of 29-05-2026Owners and capital
Shareholders
1 ownerOwners 1
-
32.45%
Mandate history
4 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| HOIAN BV |
|
| LoSim BV |
|
| WECO |
|
| Jan Haspeslagh |
|
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
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Shared corporate director
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Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-05
Gazette deed
Resignation: Jan Haspeslagh (director)Appointment: CommV WECO (director) · Permanent representative: Vincent Haspeslagh6 points ▸
Gazette deed
Resignation: Jan Haspeslagh (director)
Appointment: CommV WECO (director) · Permanent representative: Vincent Haspeslagh6 points ▸
- General meeting, 30-12-2025
- Director resignation, Jan Haspeslagh (director)
- Director appointment, CommV WECO (director)
- Permanent representative, Vincent Haspeslagh
- Director in office, BV HOIAN (director)
- Director in office, BV LOSIM (director)
09-04
abbreviated format · 113 days before the deadline
2025
31-12
Financial
Highest result from 2018 to 2025net €505,125 ▲313%
The operating result of €623,318 and the net result of €505,125 are both a record.
03-04
abbreviated format · 119 days before the deadline
2024
31-12
Financial
Equity above €500,000equity €570,166 ▲27.3%
After 2 profitable years in a row, equity reaches €570,166.
28-03
abbreviated format · 125 days before the deadline
2023
31-12
Financial
Back to profitnet €41,732
The net result is €41,732, after one loss-making year.
10-10
abbreviated format · 71 days late
2022
31-12
Financial
Weakest financial yearnet -€444,453
The net result drops to -€444,453, the lowest from 2018 to 2025. It recovers the following year.
28-06
abbreviated format · 33 days before the deadline
2021
31-12
Financial
Equity above €500,000equity €850,549 ▲153%
After 3 profitable years in a row, equity reaches €850,549.
27-04
abbreviated format · 95 days before the deadline
Show earlier events
2020
14-04
abbreviated format · 108 days before the deadline
2019
31-12
Financial
Back to profitnet €1,923
The net result is €1,923, after one loss-making year.
26-07
abbreviated format · 5 days before the deadline
2018
05-07
abbreviated format · 26 days before the deadline
2017
27-06
abbreviated format · 34 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Cube in Dutch
Enterprise number
0422.506.660
Legal form
Public limited company
Status
Active, normale toestand
Founded
29-01-1982
Entity type
Legal entity
Registered office and establishments
Registered office
Lieverstedestraat 12, 8020 Oostkamp, Belgium
Establishment unit
CUBE NV, Lieverstedestraat 12-14, 8020 Oostkamp since 01-04-1982 · unit number 2.020.225.928
Website
www.cubenv.euOostkamp
Activities
NACEBEL 2025VAT activities
10840
Manufacture of food products main activity
46389
Wholesale of other food products
47279
Other retail sale of food
82920
Office administrative, office support and other business support activities
Social security (RSZ) activities
10840
Manufacture of food products main activity
Codes under NACEBEL 2008
VAT activities
10840
Manufacture of food products main activity
46389
Wholesale of other food products
47299
Retail trade
82920
Office administrative, office support and other business support activities
Social security (RSZ) activities
10840
Manufacture of food products main activity
Codes under NACEBEL 2003
VAT activities
15870
main activity
51384
52272
74820
Social security (RSZ) activities
15870
main activity
Joint committee
220 Paritair Comité voor de bedienden uit de voedingsnijverheid annual accounts 2025
Invoicing and payment
VAT number
BE 0422.506.660
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostkampunit number 2.020.225.928
Legal Entity Identifier
699400SDSLEMJVIL7204
Environmental permits
1 application in Flanders since 2021 · 1 granted
Een grond gebruiken, aanleggen of inrichten
Source: Omgevingsloket Vlaanderen.
Sites & property
Location
Buildings and parcels at the address
Ground area
4,451 m²
Building footprint
2,254 m²
Building volume
12,364 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31022A0131/00N000 | Flanders | 4,451 m² | 1 · 2,254 m² | 7.1 m · 2 |