Cubiles (0662.432.004): financials and annual accounts

Cubiles

Antwerp ·KBO/BCE: BE 0662.432.004

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
Balance sheet: assets
Total assets`20/58`	1.4m	1.5m	1.7m	1.8m	1.9m	2.1m	2.2m	2.3m	2.5m
Fixed assets`21/28`	1.3m	1.5m	1.6m	1.7m	1.9m	2.0m	2.1m	2.3m	2.4m
Intangible fixed assets`21`	-	-	-	-	-	699	-	-	-
Tangible fixed assets`22/27`	1.3m	1.5m	1.6m	1.7m	1.9m	2.0m	2.1m	2.3m	2.4m
Land and buildings`22`	1.3m	1.4m	1.6m	1.7m	1.8m	2.0m	2.1m	2.2m	2.4m
Plant, machinery and equipment`23`	48,198	31,218	32,100	38,308	45,305	35,842	25,350	29,170	16,459
Furniture and vehicles`24`	3,879	-	-	-	638	3,302	4,262	5,364	4,467
Current assets`29/58`	48,059	48,893	53,081	44,950	55,231	88,805	47,799	32,467	70,044
Cash at bank and in hand`54/58`	44,610	44,466	48,779	42,128	51,567	84,873	44,577	30,665	62,379
Deferred charges and accrued income`490/1`	3,449	4,427	4,302	2,822	3,664	3,932	3,222	1,801	7,665
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	1.4m	1.5m	1.7m	1.8m	1.9m	2.1m	2.2m	2.3m	2.5m
Equity`10/15`	-206,966	-202,966	-192,445	-151,980	-118,785	-78,499	-127,104	-99,158	-62,650
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600
Profit (loss) carried forward`14`	-225,566	-221,566	-211,045	-170,580	-137,385	-97,099	-145,704	-117,758	-81,250
Amounts payable`17/49`	1.6m	1.7m	1.8m	1.9m	2.1m	2.2m	2.3m	2.4m	2.5m
Amounts payable after more than one year`17`	1.3m	1.5m	1.6m	1.7m	1.9m	2.1m	2.2m	2.3m	2.4m
Financial debts`170/4`	767,473	881,743	994,211	1.1m	1.2m	1.4m	1.4m	1.5m	1.6m
Other amounts payable`178/9`	571,777	570,151	565,073	590,569	694,277	709,166	792,350	784,966	804,949
Amounts payable within one year`42/48`	259,018	260,907	288,339	247,352	124,782	120,759	110,128	107,668	104,385
Current portion of amounts payable after more than one year`42`	114,270	112,468	110,694	108,949	110,419	108,669	107,774	106,066	104,385
Trade debts`44`	3,277	4,127	19,864	1,136	1,390	1,840	2,354	1,602	-
Suppliers`440/4`	3,277	4,127	19,864	1,136	1,390	1,840	2,354	1,602	-
Other amounts payable`47/48`	141,471	144,312	157,781	137,268	12,973	10,250	-	-	-
Accrued charges and deferred income`492/3`	3,913	2,682	-	-	-	-	-	-	983
Income statement
Gross operating margin`9900`	183,922	176,259	146,509	150,058	145,203	233,161	155,647	147,767	90,889
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	147,321	143,650	143,798	145,226	147,371	146,263	144,912	144,108	132,733
Other operating charges`640/8`	17,426	16,897	16,265	14,837	14,505	13,535	12,438	12,188	12,661
Operating profit (loss)`9901`	19,175	15,711	-13,555	-10,005	-16,673	73,363	-1,703	-8,529	-54,506
Financial income`75/76B`	-	0	-	6	1	0	-	0	31
Recurring financial income`75`	-	0	-	6	1	0	-	0	31
Financial charges`65/66B`	23,175	26,232	26,910	23,197	23,613	24,758	26,243	27,979	26,776
Recurring financial charges`65`	23,175	26,232	26,910	23,197	23,613	24,758	26,243	27,979	26,776
Profit (loss) for the period before taxes`9903`	-4,000	-10,521	-40,464	-33,196	-40,285	48,605	-27,946	-36,508	-81,250
Profit (loss) for the period`9904`	-4,000	-10,521	-40,464	-33,196	-40,285	48,605	-27,946	-36,508	-81,250
Profit (loss) for the period to be appropriated`9905`	-4,000	-10,521	-40,464	-33,196	-40,285	48,605	-27,946	-36,508	-81,250
Appropriation of the result
Profit (loss) to be appropriated`9906`	-225,566	-221,566	-211,045	-170,580	-137,385	-97,099	-145,704	-117,758	-81,250
Profit (loss) brought forward from the previous period`14P`	-221,566	-211,045	-170,580	-137,385	-97,099	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	04-07-2026	2026-00251660	PDF
31-12-2024	micro format	01-07-2025	2025-00212466	PDF
31-12-2023	micro format	03-07-2024	2024-00199797	PDF
31-12-2022	micro format	17-07-2023	2023-00241115	PDF
31-12-2021	micro format	01-07-2022	2022-20159117	PDF
31-12-2020	micro format	01-07-2021	2021-29600103	PDF
31-12-2019	micro format	30-07-2020	2020-36500156	PDF
31-12-2018	micro format	18-07-2019	2019-34700262	PDF
31-12-2017	micro format	16-07-2018	2018-32700117	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017
EBITDA	166,496	159,361	130,243	135,221	130,699	219,626	143,209	135,578	78,228
Cash flow	143,321	133,129	103,334	112,030	107,086	194,868	116,966	107,599	51,483
Investment in fixed assets (approximation)	30,852	5,177	0	0	19,375	25,201	3,704	21,428	2.5m
Change in cash	144	-4,313	6,651	-9,439	-33,307	40,296	13,912	-31,714	-
Working capital	-210,959	-212,015	-235,258	-202,402	-69,551	-31,954	-62,329	-75,201	-34,341
Solvency	-14.8%	-13.4%	-11.6%	-8.5%	-6.1%	-3.7%	-5.8%	-4.3%	-2.5%
Current ratio	0.19	0.19	0.18	0.18	0.44	0.74	0.43	0.30	0.67
ROA	-0.3%	-0.7%	-2.4%	-1.9%	-2.1%	2.3%	-1.3%	-1.6%	-3.3%
Interest coverage	7.18	6.08	4.84	5.83	5.53	-	-	-	-

Item	2025	2024	2023	2022	2021
Mortgages, amount registered	€500,000	€500,000	€500,000	-	-
Carrying value of the mortgaged assets	€1.3m	€1.5m	€1.6m	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€30,852	€5,177	-	-	€19,375
Depreciation and write-downs of the year	€147,321	€143,650	€143,798	€145,226	€147,371

Cubiles

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on Cubiles

Next steps