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CUBE

Active Private limited companyfounded 2006active for 20 yearsSchoorstraat 1532, 3680 MaaseikKBO/BCE: BE 0883.358.412 #3 company by total assets in Maaseik, Manufacturing sector

Lifetime

19 annual accounts with figures on one time axis
peak €1.9m (2021)
€1.3m▲ 104%
lowest -€687,962 (2023)
€119,217▲ €531,403
peak €3.5m (2022)
€2.6m▲ 4.9%
€2.0m▼ 21.5%
peak 15.5 FTE (2014)
9.3 FTE▼ 11.4%
Board4 names since 2021
3 directorsJaak JEHOUL and 2 others
Documentsfilings and deeds
29-07-20262 days before the deadline
2025abbreviated format
Gross margin from €639,534 to €1.3mBack to profit: €119,217Staff from 10.5 FTE to 9.3 FTERegistered office moved within Maaseik 31-10Debts from €2.5m to €2.0m

Key points

from the 2025 annual accounts

Result

€119,217 €119,217
-€412,0002024€119,0002025

Back in profit in 2025, after a loss of €412,186 in 2024.

Turnover

≈ €2.2m estimated

The abbreviated format states no turnover.

Investments

€182,395 0.4 × depreciation
2022202320242025

Green is investment, beige is depreciation.

Staff

9.3 FTE from 15.5 in 2014

Between 2014 and 2025, 40% of the full-time equivalents disappeared.

Filings

19 annual accounts since 2007
AprilJune31 JulyOctober2010201520202025

Six of the last ten came late. The 2018 accounts came latest: 377 days after the end of the period.

Position in the sector

€2.6m

More equity than 90% of companies in non-metallic mineral products. Sector median €434,884 · 331 companies.

Checked score

85
Excellent
Financially stronger than 53% of micro companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 856 companies (NACE 23, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.3%▼ -0.3 percentage points vs 07-2025lowest value 09-2025: 0.3%● unchanged vs 08-2025lowest value 10-2025: 0.3%● unchanged vs 09-2025lowest value 11-2025: 0.6%▲ +0.3 percentage points vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.7%● unchanged vs 05-2026 07-2026: 0.7%● unchanged vs 06-2026highest value 08-2026: 0.4%▼ -0.3 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026

Financial strength
Strong

81+7equity 56.4% of total assets
51+4short-term debt 20.7% · cash 6.1%
72+61return on assets 2.6%

Score breakdown

raises risk
1 change of registered office in 24 months
Liquidity: current ratio 0.99, cash €276,023
lowers risk
Figures for financial year 2025 (filed on 29-07-2026)
Sector: Manufacture of other non-metallic mineral products (NACE 23)
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 23, micro). It does better than 59% of them on solvency, 48% on liquidity, 52% on profitability and 55% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 17,041 companies had the same profile as CUBE has now. Each dot stands for 43 companies, two years later.

94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of CUBE itself: 0.4% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 17,041 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.

Credit verdict

Credit of up to €210,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.99 (0.74 in 2024), below 1. Short-term debt is 20.7% and cash 6.1% of total assets. 43.6% of the assets are financed with debt and provisions.

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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.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed on 29-07-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.99, cash €276,023
NBB · annual accounts
lowers risk · Sector: Manufacture of other non-metallic mineral products (NACE 23)
KBO
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
2 days early
2024
1 day early
2023
26 days late
2022
2 days late
2021
28 days late
2020
5 days late
2019
12 days late
← 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 10 days after the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% 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 1 August (4 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

TA
Director
JJ
Director
KA
Auditor
  • Diana JEHOUL 99 sharesdeed of 21-03-2022
  • Linda PETERS 1 sharedeed of 21-03-2022
  • MOLSHOF BV 11 sharesdeed of 21-03-2022
and 2 other shareholdersBoard & ownership

Recent changes

Registered office moved within Maaseik New registered office: Schoorstraat 1532, 3680 Maaseik · Previous registered office: Schoorstraat 12, 3680 Maaseik · General meeting of 27-09-2024 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0883358412
Appointment: Tom Achten (director) General meeting of 02-02-2024 · Gazette deed
Environmental permit granted Verbouwen en/of uitbreiden met functiewijziging en met wijziging van het aantal woongelegenheden · Maaseik
All 34 events

Comparable companies

same main activity, similar in size and age
Company
CUBE Maaseik €4.6m €1.3m 56.4% 9.3
SEEGERS BETON Dilsen-Stokkem €5.0m €1.4m 65.5% 10.3
BETON PETER MATTHYSEN Hoogstraten €5.0m €1.8m 73.0% 7.9
PREFAB CONCEPT Soumagne €4.2m €0.9m 13.0% 12
STORTBETON HOLLEVOET RIK Torhout €5.4m €1.7m 82.6% 14.3
ARDENNE BETON Libramont-Chevigny €3.7m €1.6m 63.9% 11.6
ETRAC WALLONIE Zottegem €2.9m €1.1m 95.2% 14.3

These companies have the same main activity as CUBE: manufacture of other non-metallic mineral products (NACE 23630). They are comparable in size and age: total assets between €2.9m and €5.4m, founded between 1997 and 2006.

Official details

Source: KBO
Status
Active since 06-09-2006Normal situation
Activity
Manufacture of other non-metallic mineral productsNACE 23630and 2 others
Establishment unit
2.156.750.5573680 Maaseik, since 30-08-2006
Financial year end
31 December
Peppol
Reachable since 02-10-2025
Company details

Annual accounts 2025

€4.6m▼ 8.5%
Employeeson 31-12-2025
9=
Filing
Filed on 29-07-2026, 2 days before the end of the filing period
Financials

Insights on CUBE

CUBE files the abbreviated format. That format states no turnover. The gross margin rose from -€413,933 in 2007 to €1.3m in 2025.

The balance sheet grew most from 2020 to 2022 through fixed assets, financed with long-term debt.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about CUBE

What is the company number of CUBE?
The company number of CUBE is 0883.358.412. The VAT number is the same number with BE in front: BE 0883.358.412.
Where is CUBE based?
The registered office is at Schoorstraat 1532, 3680 Maaseik.Company details
What does CUBE do?
According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23630).
What is the legal form of CUBE?
CUBE is a private limited company (BV).
When was CUBE founded?
CUBE was founded on 06-09-2006.
Is CUBE still active?
Yes, CUBE is an active enterprise in the KBO register.
How many employees does CUBE have?
CUBE had an average of 9.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CUBE?
The turnover in financial year 2025 is ≈ €2.2m. This figure is estimated from the gross margin of €1.3m and 1,585 comparable companies of the same size. It probably lies between €1.5m and €3.7m. It is a rough estimate. In financial year 2019 turnover was €2.1m.
Is CUBE profitable?
In financial year 2025, CUBE made a profit of €119,217.
Where can I find the annual accounts of CUBE?
CUBE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CUBE due?
CUBE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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