Cubitech
Open bankruptcyA bankruptcy procedure is open for Cubitech according to publications in the Belgian State Gazette; curator: BERNARD VANHAM.
Summary
The 2023 annual accounts show equity of €10k and a net result of €-18k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 02-07-2024, 29 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d early
2022
65 d early
2021
48 d early
2020
58 d late
2019
108 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-18k
2022 · €9k
2018: €-22k
2019: €27k
2020: €-5k
2021: €35k
2022: €9k
2018 → 2023
Working capital
€-10k
2022 · €4k
2018: €-25k
2019: €-3k
2020: €-26k
2021: €3k
2022: €4k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-11k-€-16k▼ 40.2%€19k€28k▲ 49.2%€10k▼ 62.5%
Operating result€29k-€-3k€50k€19k▼ 62.3%€-14k
Net result€27k-€-5k€35k€9k▼ 73.3%€-18k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €14k after €19k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €36k
Fixed assets
€23k ▼ 38.8%
Current assets
€13k ▼ 61.7%
Equity and liabilities €36k
Equity
€10k ▼ 62.5%
Debt
€26k ▼ 42.0%
Debt's share of the balance-sheet total rises from 61.1% to 70.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-47▼
2022 · €26k
Cash flow
€-3k▼
2022 · €17k
Current ratio
0.58▼
2022 · 1.11
Debt to equity
2.43▲
2022 · 1.57
ROE
-167.0%▼
2022 · 33.0%
ROA
-48.7%▼
2022 · 12.8%
Interest coverage
-0.06▼
2022 · 5.40
Debt ≤ 1 year
€23k▼
2022 · €31k
Debt > 1 year
€3k▼
2022 · €13k
Income taxes
€2k▼
2022 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€72k€36k▼
Fixed assets21/28€37k€23k▼
Tangible fixed assets22/27€36k€21k▼
Furniture and vehicles24€36k€21k▼
Financial fixed assets28€1k€1k=
Current assets29/58€35k€13k▼
Amounts receivable within one year40/41€8k€9k▲
Trade receivables40€6k€6k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€21k-
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€72k€36k▼
Equity10/15€28k€10k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€9k€-8k▼
Amounts payable17/49€44k€26k▼
Amounts payable after more than one year17€13k€3k▼
Financial debts170/4€13k€3k▼
Amounts payable within one year42/48€31k€23k▼
Current portion of amounts payable after more than one year42€10k€10k=
Financial debts43-€978
Credit institutions430/8-€978
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€14k€6k▼
Taxes450/3€14k€6k▼
Other amounts payable47/48€356€59▼
Income statement
Code20222023
Non-recurring operating income76A€20k€309▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€14k▲
Other operating charges640/8€1k€3k▲
Gross operating margin9900€28k€2k▼
Operating profit (loss)9901€19k€-14k▼
Financial income75/76B-€144
Recurring financial income75-€144
Financial charges65/66B€5k€836▼
Recurring financial charges65€5k€836▼
Profit (loss) for the period before taxes9903€14k€-15k▼
Income taxes67/77€5k€2k▼
Profit (loss) for the period9904€9k€-18k▼
Profit (loss) for the period to be appropriated9905€9k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-8k▼
Profit (loss) brought forward from the previous period14P€169€9k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
20-02
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · CUBITECH SPRL RUE DE LA TOMBALE(J) 1A, 1350 ORP-JAUCHE · event 22-01-2026
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.08
Current ratio from 0.23 to 1.08.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 52 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Orp-Jauche · 1 establishment unit since 2015
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.
Rue de la Tombale(J) 1A1350 Orp-JaucheGround area
384 m²
Building footprint
103 m²
Volume, LiDAR
835 m³
Parcel 25046A0343/00W000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CUBITECH
since 20152.237.866.115
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25046A0343/00W000 | Wallonia | 384 m² | 1 · 103 m² | 10.3 m · 3 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD VANHAM RUE DE CHARLEROI 2,
1400 NIVELLES |
22-01-2026 → present |
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Of 262 companies in sector 27110 we hold annual accounts for 173. 53 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded18-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
27110Manufacture of electrical equipment
27120Manufacture of electrical equipment
27402Manufacture of electrical equipment
33140Repair and maintenance of electrical equipment
42220Construction of utility projects for electricity and telecommunications
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:cubitech@outlook.com
Phone:0484/747624