CUBEX
ActiveSummary
CUBEX has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €45,595 and a net result of €28,549. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 77% of 540 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
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Signals
This company filed its last 6 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €196 | - | €1,008 | €1,543 | €1,744 | ▲ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€11,664 | €18,541 | - | - |
| Other operating charges640/8 | - | €348 | €12,012 | €384 | €579 | ▲ 50.8% |
| Gross operating margin9900 | €12,603 | €33,754 | €22,030 | -€16,910 | €31,033 | ▲ 284% |
| Operating profit (loss)9901 | €12,045 | €33,406 | €20,674 | -€37,378 | €28,710 | ▲ 177% |
| Financial charges65/66B | - | €53 | - | €86 | €161 | ▲ 87.2% |
| Recurring financial charges65 | €273 | €53 | - | €86 | €161 | ▲ 87.2% |
| Profit (loss) for the period before taxes9903 | €11,772 | €33,353 | €20,674 | -€37,464 | €28,549 | ▲ 176% |
| Income taxes67/77 | - | €4,850 | €6,905 | €152 | - | - |
| Profit (loss) for the period9904 | €11,772 | €28,503 | €13,769 | -€37,616 | €28,549 | ▲ 176% |
| Profit (loss) for the period to be appropriated9905 | €11,772 | €28,503 | €13,769 | -€37,616 | €28,549 | ▲ 176% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49,357 | €176,776 | €114,025 | €103,854 | €67,982 | ▼ 34.5% |
| Fixed assets21/28 | - | - | €4,013 | €2,470 | €1,990 | ▼ 19.4% |
| Tangible fixed assets22/27 | - | - | €4,013 | €2,470 | €1,990 | ▼ 19.4% |
| Furniture and vehicles24 | - | - | €3,496 | €2,009 | €1,585 | ▼ 21.1% |
| Other tangible fixed assets26 | - | - | €517 | €461 | €405 | ▼ 12.1% |
| Current assets29/58 | €49,357 | €176,776 | €110,012 | €101,384 | €65,992 | ▼ 34.9% |
| Stocks and contracts in progress3 | €12,122 | €9,792 | €13,912 | €14,344 | €6,164 | ▼ 57.0% |
| Stocks30/36 | - | €9,792 | €13,912 | €14,344 | €6,164 | ▼ 57.0% |
| Amounts receivable within one year40/41 | €6,963 | €73,791 | €37,177 | €81,215 | €32,997 | ▼ 59.4% |
| Trade receivables40 | - | €72,082 | €36,809 | €80,497 | €16,672 | ▼ 79.3% |
| Other amounts receivable41 | - | €1,709 | €368 | €718 | €16,325 | ▲ 2,174% |
| Cash at bank and in hand54/58 | €30,272 | €93,193 | €58,750 | €5,702 | €26,740 | ▲ 369% |
| Deferred charges and accrued income490/1 | - | - | €173 | €123 | €91 | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49,357 | €176,776 | €114,025 | €103,854 | €67,982 | ▼ 34.5% |
| Equity10/15 | €12,390 | €40,893 | €54,662 | €17,046 | €45,595 | ▲ 167% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | - | €15,500 | €29,000 | €29,000 | €29,000 | = |
| Distributable reserves133 | - | €15,500 | €29,000 | €29,000 | €29,000 | = |
| Profit (loss) carried forward14 | -€12,610 | €393 | €662 | -€36,954 | -€8,405 | ▲ 77.3% |
| Amounts payable17/49 | €36,967 | €135,883 | €59,363 | €86,808 | €22,387 | ▼ 74.2% |
| Amounts payable after more than one year17 | €21,070 | - | - | - | €76 | - |
| Other amounts payable178/9 | - | - | - | - | €76 | - |
| Amounts payable within one year42/48 | €15,897 | €135,883 | €58,863 | €86,208 | €22,311 | ▼ 74.1% |
| Trade debts44 | €5,641 | €133,983 | €50,997 | €86,137 | €20,273 | ▼ 76.5% |
| Suppliers440/4 | - | €133,983 | €50,997 | €86,137 | €20,273 | ▼ 76.5% |
| Taxes, remuneration and social security45 | - | €1,900 | €7,866 | €71 | €2,038 | ▲ 2,770% |
| Taxes450/3 | - | €1,900 | €7,866 | €71 | €2,038 | ▲ 2,770% |
| Accrued charges and deferred income492/3 | - | - | €500 | €600 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,772 | €28,503 | €13,769 | -€37,616 | €28,549 | ▲ 176% |
| + Depreciation and write-downs630 | €196 | - | €1,008 | €1,543 | €1,744 | ▲ 13.0% |
| Operating cash flow (approximation) | €11,968 | €28,503 | €14,777 | -€36,073 | €30,293 | ▲ 184% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€1,264 | - |
| Change in cash | - | €62,921 | -€34,443 | -€53,048 | €21,038 | ▲ 140% |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brits Tweede Legerlaan 181190 Vorst1 establishment unit
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.