CUBE
ActiveSummary
CUBE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €119,217. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 271 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+61
Solvency81▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 0.74 in 2024; short-term debt: 20.7% and cash: 6.1% of total assets), and 43.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.4%
Return on assets
2.6%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
26 d late
2022
2 d late
2021
28 d late
2020
5 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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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 Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#4 company by total assets in Maaseik, Manufacturing sector#4 company by equity in Maaseik, Manufacturing sector
Turnover
€2.1m
EBIT margin
0.3%
Net result
€119,217
2024 · -€412,186
Working capital
-€12,739▲ 96.4%
2024 · -€355,094
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
Turnover
Operating result€922,760▲ 3,997%€39,964▼ 95.7%-€693,902-€406,994▲ 41.3%€117,643
Net result€731,851▲ 1,837%€191,141▼ 73.9%-€687,962-€412,186▲ 40.1%€119,217
EBIT margin
Equity€3.0m▲ 54.3%€3.5m▲ 19.3%€2.9m▼ 19.4%€2.4m▼ 14.4%€2.6m▲ 4.9%
Total assets€6.4m▲ 86.2%€6.8m▲ 7.2%€5.4m▼ 20.5%€5.0m▼ 8.2%€4.6m▼ 8.5%
Debt€3.2m▲ 121%€3.2m▲ 2.6%€2.6m▼ 20.9%€2.5m▼ 1.2%€2.0m▼ 21.5%
Working capital€1.6m▲ 307%€1.0m▼ 35.7%€154,956▼ 85.1%-€355,094-€12,739▲ 96.4%
Staff (FTE)10.2▲ 43.7%11.7▲ 14.7%12.7▲ 8.5%10.5▼ 17.3%9.3▼ 11.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €117,643 after a loss of €406,994 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.6m
Fixed assets
€3.6m ▼ 8.5%
Current assets
€931,911 ▼ 8.6%
Equity and liabilities €4.6m
Equity
€2.6m ▲ 4.9%
Debt
€2.0m ▼ 21.5%
Debt's share of the balance-sheet total falls from 50.8% to 43.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€637,175▲
2024 · €9,835
Cash flow
€638,749▲
2024 · €4,643
Current ratio
0.99▲
2024 · 0.74
Debt to equity
0.77▼
2024 · 1.03
ROE
4.6%▲
2024 · -16.8%
ROA
2.6%▲
2024 · -8.3%
Interest coverage
31.39▲
2024 · 0.36
Debt ≤ 1 year
€944,650▼
2024 · €1.4m
Debt > 1 year
€1.0m▼
2024 · €1.2m
Staff costs
€621,080▲
2024 · €618,734
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,564 | €100 | €11,186 | €46,438 | ▲ 315% |
| Remuneration, social security and pensions62 | - | €866,268 | €746,457 | €618,734 | €621,080 | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €558,406 | €816,987 | €529,707 | €416,828 | €519,532 | ▲ 24.6% |
| Other operating charges640/8 | - | €15,676 | €5,897 | €4,639 | €25,192 | ▲ 443% |
| Non-recurring operating charges66A | - | €12,422 | €30,585 | €6,327 | €18,531 | ▲ 193% |
| Gross operating margin9900 | €1.9m | €1.8m | €618,744 | €639,534 | €1.3m | ▲ 104% |
| Operating profit (loss)9901 | €922,760 | €39,964 | -€693,902 | -€406,994 | €117,643 | ▲ 129% |
| Financial income75/76B | - | €12,557 | €15,972 | €21,863 | €21,872 | = |
| Recurring financial income75 | €2,724 | €12,557 | €15,972 | €21,863 | €21,872 | = |
| Financial charges65/66B | - | €57,620 | €43,261 | €27,055 | €20,298 | ▼ 25.0% |
| Recurring financial charges65 | €27,294 | €57,620 | €43,261 | €27,055 | €20,298 | ▼ 25.0% |
| Profit (loss) for the period before taxes9903 | €898,190 | -€5,099 | -€721,192 | -€412,186 | €119,217 | ▲ 129% |
| Transfer from deferred taxes780 | - | €196,408 | €33,229 | - | - | - |
| Income taxes67/77 | €171 | €168 | - | - | - | - |
| Profit (loss) for the period9904 | €731,851 | €191,141 | -€687,962 | -€412,186 | €119,217 | ▲ 129% |
| Transfer from tax-exempt reserves789 | - | €555,878 | €151,188 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €227,386 | €747,019 | -€536,775 | -€412,186 | €119,217 | ▲ 129% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.4m | €6.8m | €5.4m | €5.0m | €4.6m | ▼ 8.5% |
| Fixed assets21/28 | €3.9m | €4.8m | €4.3m | €4.0m | €3.6m | ▼ 8.5% |
| Intangible fixed assets21 | €27,142 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €3.8m | €4.8m | €4.3m | €4.0m | €3.6m | ▼ 8.5% |
| Land and buildings22 | - | €240,000 | €240,000 | €2.7m | €2.6m | ▼ 1.5% |
| Plant, machinery and equipment23 | - | €120,605 | €96,052 | €77,426 | €58,800 | ▼ 24.1% |
| Furniture and vehicles24 | - | €149,158 | €116,416 | €131,320 | €161,901 | ▲ 23.3% |
| Leasing and similar rights25 | - | €1.9m | €1.4m | €1.1m | €772,320 | ▼ 28.6% |
| Assets under construction and advance payments27 | - | €2.4m | €2.4m | - | - | - |
| Financial fixed assets28 | €3,333 | €3,333 | €3,333 | €3,333 | €3,333 | = |
| Current assets29/58 | €2.5m | €2.0m | €1.2m | €1.0m | €931,911 | ▼ 8.6% |
| Amounts receivable within one year40/41 | €524,162 | €690,997 | €915,104 | €632,457 | €597,854 | ▼ 5.5% |
| Trade receivables40 | - | €539,211 | €534,490 | €249,855 | €326,248 | ▲ 30.6% |
| Other amounts receivable41 | - | €151,786 | €380,614 | €382,603 | €271,606 | ▼ 29.0% |
| Current investments50/53 | - | €12,000 | €16,299 | €28,299 | €40,299 | ▲ 42.4% |
| Cash at bank and in hand54/58 | €1.9m | €1.3m | €221,951 | €315,716 | €276,023 | ▼ 12.6% |
| Deferred charges and accrued income490/1 | - | - | - | €43,241 | €17,735 | ▼ 59.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.4m | €6.8m | €5.4m | €5.0m | €4.6m | ▼ 8.5% |
| Equity10/15 | €3.0m | €3.5m | €2.9m | €2.4m | €2.6m | ▲ 4.9% |
| Contributions10/11 | - | €90,200 | €90,200 | €90,200 | €90,200 | = |
| Reserves13 | €2.8m | €3.5m | €2.8m | €2.4m | €2.5m | ▲ 5.1% |
| Tax-exempt reserves132 | - | €1.3m | €1.2m | €1.2m | €1.2m | = |
| Distributable reserves133 | - | €2.1m | €1.6m | €1.2m | €1.3m | ▲ 10.0% |
| Profit (loss) carried forward14 | €47,147 | - | - | - | - | - |
| Provisions and deferred taxes16 | €229,637 | €33,229 | - | - | - | - |
| Deferred taxes168 | - | €33,229 | - | - | - | - |
| Amounts payable17/49 | €3.2m | €3.2m | €2.6m | €2.5m | €2.0m | ▼ 21.5% |
| Amounts payable after more than one year17 | €2.3m | €2.3m | €1.6m | €1.2m | €1.0m | ▼ 9.8% |
| Financial debts170/4 | - | €2.3m | €1.6m | €1.2m | €1.0m | ▼ 9.8% |
| Amounts payable within one year42/48 | €882,782 | €976,252 | €998,397 | €1.4m | €944,650 | ▼ 31.3% |
| Current portion of amounts payable after more than one year42 | - | €677,289 | €689,894 | €394,622 | €114,000 | ▼ 71.1% |
| Trade debts44 | €341,988 | €104,218 | €118,803 | €406,674 | €251,438 | ▼ 38.2% |
| Suppliers440/4 | - | €104,218 | €118,803 | €406,674 | €251,438 | ▼ 38.2% |
| Taxes, remuneration and social security45 | - | €41,059 | €36,014 | €19,824 | €72,358 | ▲ 265% |
| Taxes450/3 | - | €10,918 | €503 | €291 | €42,291 | ▲ 14,444% |
| Remuneration and social security454/9 | - | €30,141 | €35,510 | €19,534 | €30,067 | ▲ 53.9% |
| Other amounts payable47/48 | - | €153,687 | €153,687 | €553,687 | €506,854 | ▼ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €731,851 | €191,141 | -€687,962 | -€412,186 | €119,217 | ▲ 129% |
| + Depreciation and write-downs630 | €558,406 | €816,987 | €529,707 | €416,828 | €519,532 | ▲ 24.6% |
| Operating cash flow (approximation) | €1.3m | €1.0m | -€158,255 | €4,643 | €638,749 | ▲ 13,659% |
| Investment in fixed assets (approximation) | - | -€1.8m | €6,143 | -€108,267 | -€182,395 | ▼ 68.5% |
| Change in cash | - | -€606,738 | -€1.1m | €93,765 | -€39,693 | ▼ 142% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €119,217
Net result €119,217 after 2 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€687,962
Net result drops to -€687,962, the lowest in the series; recovery starts the following year.
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 2 days late
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
30-06
Financial
Highest result since 2019net €731,851 ▲1,837%
Operating result €922,760, net result €731,851, both a record.
30-06
Financial
Equity above €2mEq €3.0m ▲54.3%
3 profitable years in a row build equity to €3.0m.
05-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 5 days late
2020
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 377 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are 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, Maaseik · 1 establishment unit since 2006
Ground area
6,789 m²
Building footprint
2,758 m²
Parcel 72021A1889/00P002, Flanders. Linked by address, not a title deed.
1 establishment unit
CUBE BV
since 20062.156.750.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021A1889/00P002 | Flanders | 6,789 m² | 1 · 2,758 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 4,625 EUR awarded · 4,434 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 921 EUR | 921 EUR |
| 2024 | 2 | 1,028 EUR | 1,213 EUR |
| 2023 | 2 | 2,221 EUR | 1,845 EUR |
| 2022 | 1 | 455 EUR | 455 EUR |
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Of 176 companies in sector 23630 we hold annual accounts for 148. 103 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
Founded06-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
23630Manufacture of other non-metallic mineral products
43422Screed work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.