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BE 0816.858.972Private limited company (pre-2019)Open bankruptcy
Cube Menswear
Onderbergen 34 ·9000 Gent, Belgium· 17 yrs active
Sector: Detailhandel in souvenirs en religieuze artikelen
(47784)
Conclusion
A bankruptcy procedure is open for Cube Menswear according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-97k) and a net result of €-49k.
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-97k |
| Net result | €-49k |
| Staff (FTE) | 1 |
| Active | 17 yrs |
Financial profile
35
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
44
Growth
32
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
50 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-01-2024 with the NBB · fiscal year 2023 · verkort
€8k
-88.3%
19-22
€-49k
+27.5%
19-22
€-31k
+34.4%
19-22
€435k
-7.0%
19-22
€-97k
-103.7%
19-22
€-1k
-
19-22
1
0.0%
19-22
€45k
-
19-22
Show 10 other metrics
€532k
+3.2%
19-22
€428k
-2.9%
19-22
€104k
+38.6%
19-22
1.00
-2.1%
19-22
0.22
+1.3%
19-22
-22.3%
-119.1%
19-22
-5.49
-248.3%
19-22
50.9%
-64.4%
19-22
-11.3%
+22.0%
19-22
0.19
-
19-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €8k |
| Net profit | €-49k |
| Cash flow | €-31k |
| Staff costs | €45k |
| Income taxes | - |
| Dividends | - |
| Total assets | €435k |
| Equity | €-97k |
| Debt | €532k |
| of which ≤ 1y | €428k |
| of which > 1y | €104k |
| Working capital | €-1k |
| Employees (FTE) | 1.0 |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 1.00 |
| Quick ratio | 0.22 |
| Working capital ratio | -0.2% |
| Solvency | -22.3% |
| Debt / equity | -5.49 |
| Long-term debt ratio | -1.07 |
| Interest coverage | 0.19 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.3% |
| ROE | 50.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €435k |
| Fixed assets | 21/28 | €8k |
| Tangible fixed assets | 22/27 | €8k |
| Financial fixed assets | 28 | €100 |
| Current assets | 29/58 | €427k |
| Stocks & contracts in progress | 3 | €334k |
| Amounts receivable within one year | 40/41 | €55k |
| Cash & bank | 54/58 | €38k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €435k |
| Equity | 10/15 | €-97k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-117k |
| Amounts payable | 17/49 | €532k |
| Amounts payable after one year | 17 | €104k |
| Amounts payable within one year | 42/48 | €428k |
| Trade debts payable within one year | 44 | €42k |
| Income statement | ||
| Gross operating margin | 9900 | €59k |
| Operating result | 9901 | €-10k |
| Financial income | 75 | €401 |
| Financial charges | 65 | €39k |
| Result before taxes | 9903 | €-49k |
| Net result for the period | 9904 | €-49k |
| Result to be appropriated | 9905 | €-49k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CHRISTOPHE DEGRYSE KORTRIJKSESTEENWEG 361,
9000 GENT |
21-05-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Detailhandel in souvenirs en religieuze artikelen(47784) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 07-07-2009 |
| Status | Active |
| Postal code | 9000 |
| First insolvency signal | 27-05-2024 |
| Latest insolvency signal | 27-05-2024 |
Establishment units
Cube
since 20092.179.358.485
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44815F1021/00D000 | Flanders | 164 m² | 1 · 158 m² | 14.7 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2024
27-05-2024
Bankruptcy
Opening
29-01-2024
NBB filing
Annual accounts filed
2022
14-12-2022
NBB filing
Annual accounts filed
2021
14-12-2021
NBB filing
Annual accounts filed
28-01-2021
NBB filing
Annual accounts filed
2020
13-01-2020
NBB filing
Annual accounts filed
2019
11-01-2019
NBB filing
Annual accounts filed
2017
20-12-2017
NBB filing
Annual accounts filed
2016
22-12-2016
NBB filing
Annual accounts filed
2015
23-12-2015
NBB filing
Annual accounts filed
09-01-2015
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
27-05-2024
Bankruptcy
Opening
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Detailhandel in souvenirs en religieuze artikelen47784Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels47786Detailhandel in schoeisel47721Detailhandel in lederwaren en reisartikelen47722Detailhandel in cosmetica en toiletartikelen47750Detailhandel in uurwerken en sieraden47770
Primary activity highlighted.
Names & trade names
| Legal nameNL | Cube Menswear |
Registered office
Onderbergen 34
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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