Cubicus
ActiveSummary
Cubicus has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1k and a net result of €69k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+25
Solvency27▲+1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
1.8%
Return on assets
118.1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 10%
← weakest
strongest →
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 08-07-2026, 23 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
23 d early
2024
61 d early
2023
2 d early
2022
30 d late
2021
12 d late
2020
66 d early
2019
20 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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 Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€69k▲ 333%
2024 · €16k
Working capital
€36k▼ 25.7%
2024 · €49k
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
Operating result€22k▲ 69.2%€30k▲ 36.1%€-29k€19k€94k▲ 389%
Net result€9k▲ 77.0%€18k▲ 90.3%€-33k€16k€69k▲ 333%
Equity€10k▼ 82.7%€19k▲ 81.7%€-14k€2k€1k▼ 54.7%
Total assets€438k▼ 0.6%€549k▲ 25.1%€348k▼ 36.5%€326k▼ 6.4%€58k▼ 82.1%
Debt€428k▲ 12.5%€530k▲ 23.8%€362k▼ 31.7%€324k▼ 10.6%€57k▼ 82.3%
Working capital€3k▼ 89.3%€-17k€30k€49k▲ 60.1%€36k▼ 25.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 389% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €58k
Equity
€1k ▼ 54.7%
Debt
€57k ▼ 82.3%
Debt's share of the balance-sheet total falls from 99.3% to 98.2%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.63▼
2024 · 3.48
Debt to equity
54.56
ROA
118.1%▲
2024 · 4.9%
Debt ≤ 1 year
€22k▲
2024 · €20k
Debt > 1 year
€35k▼
2024 · €304k
Income taxes
€20k
A ratio outside any meaningful range has been withheld (balance sheet total €58k, equity €1k).
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €46k | €43k | €45k | - | - |
| Other operating charges640/8 | €1k | €2k | €1k | €2k | €2k | ▲ 12.1% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €66k | €78k | €15k | €65k | €96k | ▲ 46.4% |
| Operating profit (loss)9901 | €22k | €30k | €-29k | €19k | €94k | ▲ 389% |
| Financial income75/76B | €67 | - | €0 | - | - | - |
| Recurring financial income75 | €67 | - | €0 | - | - | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | €9k | €4k | €4k | €3k | €5k | ▲ 40.4% |
| Recurring financial charges65 | €9k | €4k | €4k | €3k | €5k | ▲ 40.4% |
| Non-recurring financial charges66B | - | - | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €13k | €26k | €-33k | €16k | €89k | ▲ 462% |
| Income taxes67/77 | €3k | €7k | €7 | - | €20k | - |
| Profit (loss) for the period9904 | €9k | €18k | €-33k | €16k | €69k | ▲ 333% |
| Profit (loss) for the period to be appropriated9905 | €9k | €18k | €-33k | €16k | €69k | ▲ 333% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438k | €549k | €348k | €326k | €58k | ▼ 82.1% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €390k | €409k | €295k | €258k | - | - |
| Intangible fixed assets21 | €96k | €86k | €0 | - | - | - |
| Tangible fixed assets22/27 | €294k | €323k | €295k | €258k | - | - |
| Land and buildings22 | €294k | €321k | €294k | €258k | - | - |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | €1k | €757 | - | - | - |
| Leasing and similar rights25 | - | - | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | €0 | - | - | - |
| Assets under construction and advance payments27 | - | - | €0 | - | - | - |
| Financial fixed assets28 | - | - | €0 | - | - | - |
| Current assets29/58 | €48k | €139k | €53k | €68k | €58k | ▼ 14.5% |
| Amounts receivable within one year40/41 | €32k | €34k | €3k | €15k | €14k | ▼ 3.4% |
| Trade receivables40 | €1k | €351 | €3k | €15k | €12k | ▼ 17.6% |
| Other amounts receivable41 | €31k | €34k | €0 | - | €2k | - |
| Current investments50/53 | €12k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €2k | €102k | €48k | €50k | €42k | ▼ 16.6% |
| Deferred charges and accrued income490/1 | €2k | €3k | €3k | €3k | €2k | ▼ 32.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438k | €549k | €348k | €326k | €58k | ▼ 82.1% |
| Equity10/15 | €10k | €19k | €-14k | €2k | €1k | ▼ 54.7% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €0 | - | - | - |
| Profit (loss) carried forward14 | €9k | €18k | €-15k | €1k | €48 | ▼ 96.4% |
| Amounts payable17/49 | €428k | €530k | €362k | €324k | €57k | ▼ 82.3% |
| Amounts payable after more than one year17 | €383k | €374k | €339k | €304k | €35k | ▼ 88.5% |
| Financial debts170/4 | €283k | €244k | €229k | €214k | - | - |
| Other amounts payable178/9 | €100k | €130k | €110k | €90k | €35k | ▼ 61.1% |
| Amounts payable within one year42/48 | €45k | €156k | €23k | €20k | €22k | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | €36k | €38k | €15k | €15k | - | - |
| Trade debts44 | €1k | €103k | €678 | €741 | €1k | ▲ 62.2% |
| Suppliers440/4 | €1k | €103k | €678 | €741 | €1k | ▲ 62.2% |
| Taxes, remuneration and social security45 | €5k | €9k | €722 | €656 | €874 | ▲ 33.2% |
| Taxes450/3 | €5k | €9k | €722 | €656 | €874 | ▲ 33.2% |
| Other amounts payable47/48 | €3k | €7k | €7k | €3k | €20k | ▲ 523% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €18k | €-33k | €16k | €69k | ▲ 333% |
| + Depreciation and write-downs630 | €43k | €46k | €43k | €45k | - | - |
| Operating cash flow (approximation) | €52k | €64k | €10k | €60k | €69k | ▲ 13.9% |
| Investment in fixed assets (approximation) | - | €-65k | €71k | €-7k | - | - |
| Change in cash | - | €101k | €-55k | €2k | €-8k | ▼ 437% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €69k ▲333%
Operating result €94k, net result €69k, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 2.33
Current ratio from 0.89 to 2.33; short-term debt falls from €156k to €23k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 12 days late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 20 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Elsene · 2 establishment units since 2017
Ground area
2,074 m²
Building footprint
868 m²
Volume, LiDAR
11,270 m³
Parcel 21447B0309/00C012, Brussels · tallest building 21.6 m, ±6 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
Cubicus
since 20172.260.028.338
Cubicus
since 20252.389.294.892
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0309/00C012 | Brussels | 2,074 m² | 1 · 868 m² | 21.6 m · 6 fl. |
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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 5,068 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
Founded10-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.