Cubis Solutions
ActiveSummary
Cubis Solutions has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €144,867. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 62% of 1453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability51▼-9
Solvency76▲+6
Growth48▼-4
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140,000 at 30 days acceptable
Liquidity ample (current ratio 2.08 against 1.82 in 2024; short-term debt: 47% and cash: 21.5% of total assets), and 48.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
51.4%
Return on assets
3.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 16-09-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
on the day
2023
1 d early
2022
3 d early
2021
2 d early
2020
2 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 29 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#1 company by equity in Boortmeerbeek, Telecoms and IT sector#2 company by total assets in Boortmeerbeek, Telecoms and IT sector#4 employer in Boortmeerbeek
Turnover
€9.8m▲ 1.6%
2024 · €9.6m
EBIT margin
4.0%▲ 0.3pp
2024 · 3.7%
Net result
€144,867▲ 29.4%
2024 · €111,946
Working capital
€2.0m▲ 8.4%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€9.6m€9.8m▲ 1.6%
Operating result€490,770▼ 50.1%€1.7m▲ 238%€513,564▼ 69.0%€354,029▼ 31.1%€385,446▲ 8.9%
Net result€309,651above the sector's middle half▼ 50.8%€1.2mabove the sector's middle half▲ 274%€259,391above the sector's middle half▼ 77.6%€111,946within the sector's middle half▼ 56.8%€144,867within the sector's middle half▲ 29.4%
EBIT margin3.7%4.0%▲ 0.3pp
Equity€1.4mabove the sector's middle half▲ 29.4%€1.5mabove the sector's middle half▲ 11.6%€1.8mabove the sector's middle half▲ 17.1%€1.9mabove the sector's middle half▲ 6.3%€2.0mabove the sector's middle half▲ 7.7%
Total assets€3.4mabove the sector's middle half▲ 15.0%€3.7mabove the sector's middle half▲ 9.4%€4.1mabove the sector's middle half▲ 8.8%€4.2mwithin the sector's middle half▲ 3.9%€4.0mwithin the sector's middle half▼ 6.3%
Debt€2.1m▲ 7.1%€2.2m▲ 8.0%€2.3m▲ 3.2%€2.3m▲ 2.1%€1.9m▼ 17.6%
Working capital€1.3mabove the sector's middle half▲ 30.9%€1.4mabove the sector's middle half▲ 11.9%€1.7mabove the sector's middle half▲ 17.1%€1.9mabove the sector's middle half▲ 9.5%€2.0mabove the sector's middle half▲ 8.4%
Solvency39.9%within the sector's middle half▲ 4.4pp40.7%within the sector's middle half▲ 0.8pp43.7%within the sector's middle half▲ 3.1pp44.7%within the sector's middle half▲ 1.0pp51.4%within the sector's middle half▲ 6.7pp
Current ratio1.63within the sector's middle half▲ 0.121.66within the sector's middle half▲ 0.031.75within the sector's middle half▲ 0.091.82within the sector's middle half▲ 0.072.08within the sector's middle half▲ 0.26
Return on assets (ROA)9.1%within the sector's middle half▼ 12.2pp31.0%above the sector's middle half▲ 21.9pp6.4%within the sector's middle half▼ 24.6pp2.6%within the sector's middle half▼ 3.7pp3.7%within the sector's middle half▲ 1.0pp
Staff (FTE)34.9above the sector's middle half▲ 11.5%38.4above the sector's middle half▲ 10.0%46.1above the sector's middle half▲ 20.1%48.2above the sector's middle half▲ 4.6%52.2above the sector's middle half▲ 8.3%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2024 Net result -57% on 2023. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 9% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€82,401 ▼ 15.3%
Current assets
€3.9m ▼ 6.1%
Equity and liabilities €4.0m
Equity
€2.0m ▲ 7.7%
Debt
€1.9m ▼ 17.6%
Debt's share of the balance-sheet total falls from 55.3% to 48.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€418,213▲
2024 · €390,538
Cash flow
€177,634▲
2024 · €148,455
Debt to equity
0.95▼
2024 · 1.23
ROE
7.1%▲
2024 · 5.9%
Interest coverage
4.23▼
2024 · 6.86
Debt ≤ 1 year
€1.9m▼
2024 · €2.3m
Income taxes
€149,419▼
2024 · €185,167
Staff costs
€4.9m▲
2024 · €4.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 544 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 544 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €9.9m | €10.1m | ▲ 2.1% |
| Turnover70 | - | - | - | €9.6m | €9.8m | ▲ 1.6% |
| Other operating income74 | - | - | - | €316,280 | €364,709 | ▲ 15.3% |
| Operating charges60/66A | - | - | - | €9.6m | €9.7m | ▲ 1.8% |
| Goods for resale, raw materials and consumables60 | - | - | - | €2.3m | €1.8m | ▼ 21.5% |
| Purchases600/8 | - | - | - | €2.3m | €1.8m | ▼ 21.5% |
| Services and other goods61 | - | - | - | €3.1m | €3.0m | ▼ 2.1% |
| Remuneration, social security and pensions62 | - | €3.1m | €3.8m | €4.1m | €4.9m | ▲ 18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,225 | €24,772 | €36,923 | €36,509 | €32,767 | ▼ 10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €36,929 | €16,405 | ▼ 55.6% |
| Other operating charges640/8 | - | €1,715 | €3,291 | €5,375 | €7,588 | ▲ 41.2% |
| Gross operating margin9900 | €3.3m | €4.8m | €4.4m | - | - | - |
| Operating profit (loss)9901 | €490,770 | €1.7m | €513,564 | €354,029 | €385,446 | ▲ 8.9% |
| Financial income75/76B | - | €3,861 | €657 | €2,896 | €9,558 | ▲ 230% |
| Recurring financial income75 | €3,068 | €3,861 | €657 | €2,896 | €9,558 | ▲ 230% |
| Income from current assets751 | - | - | - | €2,896 | €9,558 | ▲ 230% |
| Financial charges65/66B | - | €36,319 | €34,088 | €59,811 | €100,718 | ▲ 68.4% |
| Recurring financial charges65 | €27,066 | €36,319 | €34,088 | €59,811 | €100,718 | ▲ 68.4% |
| Debt charges650 | - | - | - | €56,899 | €98,902 | ▲ 73.8% |
| Other financial charges652/9 | - | - | - | €2,913 | €1,816 | ▼ 37.6% |
| Profit (loss) for the period before taxes9903 | €466,772 | €1.6m | €480,134 | €297,113 | €294,286 | ▼ 1.0% |
| Income taxes67/77 | €157,121 | €468,135 | €220,742 | €185,167 | €149,419 | ▼ 19.3% |
| Taxes670/3 | - | - | - | €185,167 | €149,419 | ▼ 19.3% |
| Profit (loss) for the period9904 | €309,651 | €1.2m | €259,391 | €111,946 | €144,867 | ▲ 29.4% |
| Profit (loss) for the period to be appropriated9905 | €309,651 | €1.2m | €259,391 | €111,946 | €144,867 | ▲ 29.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.4m | €3.7m | €4.1m | €4.2m | €4.0m | ▼ 6.3% |
| Fixed assets21/28 | €70,688 | €93,190 | €94,335 | €97,324 | €82,401 | ▼ 15.3% |
| Tangible fixed assets22/27 | €48,688 | €64,200 | €65,345 | €49,694 | €34,771 | ▼ 30.0% |
| Furniture and vehicles24 | - | €64,200 | €65,345 | €49,694 | €34,771 | ▼ 30.0% |
| Financial fixed assets28 | €22,000 | €28,990 | €28,990 | €47,630 | €47,630 | = |
| Affiliated companies280/1 | - | - | - | €12,000 | €12,000 | = |
| Participating interests280 | - | - | - | €12,000 | €12,000 | = |
| Other financial fixed assets284/8 | - | - | - | €35,630 | €35,630 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €35,630 | €35,630 | = |
| Current assets29/58 | €3.3m | €3.6m | €4.0m | €4.1m | €3.9m | ▼ 6.1% |
| Amounts receivable within one year40/41 | €2.2m | €2.5m | €2.6m | €3.0m | €2.9m | ▼ 2.7% |
| Trade receivables40 | - | €2.2m | €2.2m | €2.8m | €2.7m | ▼ 0.4% |
| Other amounts receivable41 | - | €301,069 | €430,327 | €244,347 | €176,297 | ▼ 27.8% |
| Current investments50/53 | - | - | - | €400,000 | - | - |
| Other investments51/53 | - | - | - | €400,000 | - | - |
| Cash at bank and in hand54/58 | €1.1m | €1.1m | €1.3m | €654,630 | €852,065 | ▲ 30.2% |
| Deferred charges and accrued income490/1 | - | €32,683 | €67,563 | €75,030 | €106,629 | ▲ 42.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.4m | €3.7m | €4.1m | €4.2m | €4.0m | ▼ 6.3% |
| Equity10/15 | €1.4m | €1.5m | €1.8m | €1.9m | €2.0m | ▲ 7.7% |
| Contributions10/11 | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €1.3m | €1.5m | €1.8m | €1.9m | €2.0m | ▲ 7.7% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | - | - | - |
| Other1319 | - | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | €1.5m | €1.8m | €1.9m | €2.0m | ▲ 7.7% |
| Amounts payable17/49 | €2.1m | €2.2m | €2.3m | €2.3m | €1.9m | ▼ 17.6% |
| Amounts payable within one year42/48 | €2.0m | €2.2m | €2.3m | €2.3m | €1.9m | ▼ 17.9% |
| Trade debts44 | €1.6m | €570,671 | €1.6m | €1.6m | €1.0m | ▼ 36.5% |
| Suppliers440/4 | - | €570,671 | €1.6m | €1.6m | €1.0m | ▼ 36.5% |
| Taxes, remuneration and social security45 | - | €921,538 | €655,631 | €664,584 | €843,071 | ▲ 26.9% |
| Taxes450/3 | - | €538,572 | €203,845 | €166,249 | €208,188 | ▲ 25.2% |
| Remuneration and social security454/9 | - | €382,966 | €451,786 | €498,335 | €634,884 | ▲ 27.4% |
| Other amounts payable47/48 | - | €700,000 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €23,766 | €12,973 | €65,595 | €61,253 | ▼ 6.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €309,651 | €1.2m | €259,391 | €111,946 | €144,867 | ▲ 29.4% |
| + Depreciation and write-downs630 | €25,225 | €24,772 | €36,923 | €36,509 | €32,767 | ▼ 10.2% |
| Operating cash flow (approximation) | €334,877 | €1.2m | €296,315 | €148,455 | €177,634 | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | -€47,274 | -€38,068 | -€39,498 | -€17,844 | ▲ 54.8% |
| Change in cash | - | €34,986 | €203,163 | -€664,341 | €197,435 | ▲ 130% |
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
20-08
State Gazette act
Appointments: Ando Group (director) and CONDERA (director)Permanent representatives: Kris Adriaenssens, Pieter-Jan Deraedt and 2 others · Resignations: Lions Meal (director) and WICTO (director)9 facts ▸
State Gazette act
Appointments: Ando Group (director) and CONDERA (director)
Permanent representatives: Kris Adriaenssens, Pieter-Jan Deraedt and 2 others · Resignations: Lions Meal (director) and WICTO (director)9 facts ▸
- General meeting, 03-07-2026
- Director appointment, Ando Group (director)
- Director appointment, CONDERA (director)
- Permanent representative, Kris Adriaenssens (permanent representative)
- Permanent representative, Pieter-Jan Deraedt (permanent representative)
- Director resignation, Lions Meal (director)
- Director resignation, WICTO (director)
- Permanent representative, Jeroen Roosen (permanent representative)
- Permanent representative, Wim Van Wuytswinkel (permanent representative)
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
31-03
Financial
Equity above €2mEq €2.0m ▲7.7%
7 profitable years in a row build equity to €2.0m.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €111,946 ▼56.8%
Net result drops to €111,946, the lowest in the series; recovery starts the following year.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Highest result since 2019net €1.2m ▲274%
Operating result €1.7m, net result €1.2m, both a record.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €1mEq €1.1m ▲45.7%
2 profitable years in a row build equity to €1.1m.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
Ando Group
CurrentDirector · since 03-07-2026 · Private limited company · perm. rep.: Kris Adriaenssens
CONDERA
CurrentDirector · since 03-07-2026 · Private limited company · perm. rep.: Pieter-Jan Deraedt
Permanent representatives 2
Kris Adriaenssens
CurrentPermanent representative · since 03-07-2026 · for Ando Group
Pieter-Jan Deraedt
CurrentPermanent representative · since 03-07-2026 · for CONDERA
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Boortmeerbeek · 1 establishment unit since 2010
Ground area
1.0 ha
Building footprint
2,367 m²
Volume, LiDAR
33,783 m³
Parcel 24014D0063/00T000, Flanders · tallest building 24.1 m, ±5 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
Cubis Solutions
since 20102.194.113.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24014D0063/00T000 | Flanders | 1.0 ha | 1 · 2,367 m² | 24.1 m · 5 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.
Mandate history
4 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Ando Group |
|
| CONDERA |
|
| Lions Meal |
|
| WICTO |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the annual accounts to 31-03-2025 of Cubis Solutions and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
5 connected companiesThis company
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 864 EUR awarded · 693 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 771 EUR | 600 EUR |
| 2022 | 1 | 93 EUR | 93 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
875500NTY4A3G5ZJWC51
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Identification & contact
Identification
Legal formPrivate limited company
Founded23-11-2010
Fiscal year end31-03
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831297027
Also
9925:BE0831297027
Registered
07-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.