CUBIGLACE
ActiveCUBIGLACE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-145k) and a net result of €-120k. Equity is shrinking by ~67% per year across the filed fiscal years. Its solvency ranks better than 7% of 641 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability6▼-5
Solvency13▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 0.59 in 2024; short-term debt: 48.3% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.4%
Return on assets
-10.3%
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-145k
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 24-04-2026, 98 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
98 d early
2024
42 d late
2023
1 d early
2022
30 d late
2021
54 d late
2020
30 d late
2019
26 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-120k▼ 3.2%
2024 · €-117k
2018: €5k
2019: €-41k
2020: €-197k
2021: €-151k
2022: €5k
2023: €-46k
2024: €-117k
2018 → 2025
Working capital
€-393k▼ 9.3%
2024 · €-359k
2018: €-275k
2019: €-396k
2020: €-442k
2021: €-510k
2022: €-117k
2023: €-155k
2024: €-359k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€134k-€139k▲ 3.6%€93k▼ 33.3%€-24k€-145k▼ 499%
Operating result€-101k-€50k€6k▼ 87.0%€-48k€-65k▼ 34.7%
Net result€-151k-€5k€-46k€-117k▼ 153%€-120k▼ 3.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2025 against €48k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.17M
Fixed assets
€996k▼ 6.0%
Current assets
€171k▼ 67.5%
Key figures and ratios
EBITDA
€790▼
2024 · €13k
Cash flow
€-55k▲
2024 · €-56k
Solvency
-12.4%▼
2024 · -1.5%
Current ratio
0.30▼
2024 · 0.59
Quick ratio
0.16▼
2024 · 0.45
Debt / equity
-9.07▲
2024 · -66.72
ROA
-10.3%▼
2024 · -7.4%
Interest coverage
0.01▼
2024 · 0.19
Debt
€1.31M▼
2024 · €1.61M
Debt ≤ 1 year
€564k▼
2024 · €887k
Debt > 1 year
€748k▲
2024 · €718k
Income taxes
€177▲
2024 · €176
Staff costs
€52k▼
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.59M€1.17M▼
Fixed assets21/28€1.06M€996k▼
Tangible fixed assets22/27€1.06M€996k▼
Land and buildings22€1.01M€961k▼
Plant, machinery and equipment23€45k€35k▼
Furniture and vehicles24€481€241▼
Current assets29/58€527k€171k▼
Stocks and contracts in progress3€132k€83k▼
Stocks30/36€132k€83k▼
Amounts receivable within one year40/41€395k€70k▼
Trade receivables40€373k€53k▼
Other amounts receivable41€21k€16k▼
Cash at bank and in hand54/58€619€4k▲
Deferred charges and accrued income490/1€57€15k▲
Equity and liabilities
Total equity and liabilities10/49€1.59M€1.17M▼
Equity10/15€-24k€-145k▼
Contributions10/11€250k€250k=
Capital10€250k€250k=
Issued capital100€250k€250k=
Revaluation surpluses12€537k€520k▼
Reserves13€545k€562k▲
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Tax-exempt reserves132€345k€345k=
Distributable reserves133€191k€208k▲
Profit (loss) carried forward14€-1.36M€-1.48M▼
Amounts payable17/49€1.61M€1.31M▼
Amounts payable after more than one year17€718k€748k▲
Financial debts170/4€718k€748k▲
Amounts payable within one year42/48€887k€564k▼
Current portion of amounts payable after more than one year42€168k€79k▼
Financial debts43€367k€350k▼
Credit institutions430/8€367k€350k▼
Trade debts44€132k€108k▼
Suppliers440/4€132k€108k▼
Taxes, remuneration and social security45€12k€13k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€10k€10k▲
Other amounts payable47/48€206k€14k▼
Accrued charges and deferred income492/3€7k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€54k€52k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€66k▲
Other operating charges640/8€23k€30k▲
Gross operating margin9900€90k€83k▼
Operating profit (loss)9901€-48k€-65k▼
Financial income75/76B€331€30▼
Recurring financial income75€331€30▼
Financial charges65/66B€69k€55k▼
Recurring financial charges65€69k€55k▼
Profit (loss) for the period before taxes9903€-117k€-120k▼
Income taxes67/77€176€177▲
Profit (loss) for the period9904€-117k€-120k▼
Profit (loss) for the period to be appropriated9905€-117k€-120k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.36M€-1.48M▼
Profit (loss) brought forward from the previous period14P€-1.24M€-1.36M▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
11-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 42 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-197k
Net result drops to €-197k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Malmedy · 1 establishment unit since 2020
Cannot be placed on the map
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.
Avenue de Norvège 44960 MalmedyGround area
3,213 m²
Building footprint
845 m²
Volume, LiDAR
5,941 m³
Parcel 63049F0262/00E000, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CUBIGLACE
since 20202.310.317.987
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049F0262/00E000 | Wallonia | 3,213 m² | 1 · 845 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMalmedy2.310.317.987
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Of 611 companies in sector 10520 we hold annual accounts for 236. 196 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-07-2013
Fiscal year end31-12
Activities, NACEBEL
10520Manufacture of food products
46391Wholesale trade
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.