CUBIX
ActiveSummary
CUBIX has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€603,657) and a net result of -€604,468. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-35
Solvency14▼-10
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.11 against 1.36 in 2024; short-term debt: 89.1% and cash: 0.5% of total assets), and equity is negative.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
-11.4%
Return on assets
-11.5%
Age of the figures
9 mo
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 -€603,657
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
76 d early
2023
5 d early
2022
77 d early
2021
72 d early
2020
27 d late
2019
88 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 43 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€604,468
2024 · €24,209
Working capital
€535,259▼ 65.4%
2024 · €1.5m
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€306,295▼ 22.0%€135,924▼ 55.6%€345,189▲ 154%€343,603▼ 0.5%-€388,454
Net result€47,476▼ 75.7%-€63,118-€6,142▲ 90.3%€24,209-€604,468
Equity€60,534▲ 364%-€77,256-€83,398▼ 8.0%-€59,189▲ 29.0%-€603,657▼ 920%
Total assets€4.8m▼ 2.4%€6.7m▲ 40.4%€4.9m▼ 26.6%€5.9m▲ 19.2%€5.3m▼ 10.1%
Debt€4.7m▼ 3.4%€6.8m▲ 43.9%€5.0m▼ 26.2%€5.9m▲ 18.4%€5.9m▼ 0.8%
Working capital€1.1m▲ 4.7%€1.5m▲ 42.8%€1.5m▼ 0.4%€1.5m▲ 2.0%€535,259▼ 65.4%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €388,454 after €343,603 in 2024, the lowest result in the available series.
Balance-sheet composition
Assets €5.3m
Fixed assets
€38,794
Current assets
€5.2m
Key figures and ratios
EBITDA
-€387,997
Cash flow
-€604,011
Solvency
-11.4%▼
2024 · -1.0%
Current ratio
1.11▼
2024 · 1.36
Quick ratio
0.08▼
2024 · 0.27
Debt to equity
-9.74
ROA
-11.5%▼
2024 · 0.4%
Interest coverage
-1.80
Debt ≤ 1 year
€4.7m▲
2024 · €4.3m
Debt > 1 year
€1.0m▼
2024 · €1.5m
Income taxes
€299▼
2024 · €1,256
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.9%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 598 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34,104 | - | - | - | €457 | - |
| Other operating charges640/8 | €16,313 | €103,497 | €23,049 | €26,104 | €27,011 | ▲ 3.5% |
| Gross operating margin9900 | €356,712 | €239,421 | €368,238 | €369,707 | -€360,986 | ▼ 198% |
| Operating profit (loss)9901 | €306,295 | €135,924 | €345,189 | €343,603 | -€388,454 | ▼ 213% |
| Financial income75/76B | €301 | - | - | - | €1 | - |
| Recurring financial income75 | €301 | - | - | - | €1 | - |
| Financial charges65/66B | €257,523 | €198,320 | €351,331 | €318,138 | €215,716 | ▼ 32.2% |
| Recurring financial charges65 | €257,523 | €198,320 | €351,331 | €318,138 | €215,716 | ▼ 32.2% |
| Profit (loss) for the period before taxes9903 | €49,073 | -€62,396 | -€6,142 | €25,465 | -€604,169 | ▼ 2,473% |
| Income taxes67/77 | €1,597 | €722 | - | €1,256 | €299 | ▼ 76.2% |
| Profit (loss) for the period9904 | €47,476 | -€63,118 | -€6,142 | €24,209 | -€604,468 | ▼ 2,597% |
| Profit (loss) for the period to be appropriated9905 | €47,476 | -€63,118 | -€6,142 | €24,209 | -€604,468 | ▼ 2,597% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.8m | €6.7m | €4.9m | €5.9m | €5.3m | ▼ 10.1% |
| Fixed assets21/28 | €662,613 | - | - | - | €38,794 | - |
| Tangible fixed assets22/27 | €662,613 | - | - | - | €38,794 | - |
| Land and buildings22 | €662,613 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €38,794 | - |
| Current assets29/58 | €4.1m | €6.7m | €4.9m | €5.9m | €5.2m | ▼ 10.8% |
| Stocks and contracts in progress3 | €2.7m | €6.0m | €4.2m | €4.7m | €4.9m | ▲ 3.5% |
| Stocks30/36 | €2.7m | €6.0m | €4.2m | €4.7m | €4.9m | ▲ 3.5% |
| Amounts receivable within one year40/41 | €477,964 | €522,653 | €84,216 | €1.2m | €345,500 | ▼ 70.1% |
| Trade receivables40 | €425,673 | €493,673 | €64,750 | €1.1m | €219,000 | ▼ 79.4% |
| Other amounts receivable41 | €52,291 | €28,980 | €19,466 | €91,625 | €126,500 | ▲ 38.1% |
| Cash at bank and in hand54/58 | €772,634 | €170,352 | €590,702 | €5,045 | €24,615 | ▲ 388% |
| Deferred charges and accrued income490/1 | €132,508 | €45,911 | €10,402 | €8,287 | €3,808 | ▼ 54.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.8m | €6.7m | €4.9m | €5.9m | €5.3m | ▼ 10.1% |
| Equity10/15 | €60,534 | -€77,256 | -€83,398 | -€59,189 | -€603,657 | ▼ 920% |
| Contributions10/11 | €6,300 | €6,300 | €6,300 | €6,300 | €66,300 | ▲ 952% |
| Revaluation surpluses12 | €74,672 | - | - | - | - | - |
| Reserves13 | €5,328 | €5,328 | €5,328 | €5,328 | €5,328 | = |
| Distributable reserves133 | €5,328 | €5,328 | €5,328 | €5,328 | €5,328 | = |
| Profit (loss) carried forward14 | -€25,766 | -€88,884 | -€95,026 | -€70,817 | -€675,285 | ▼ 854% |
| Amounts payable17/49 | €4.7m | €6.8m | €5.0m | €5.9m | €5.9m | ▼ 0.8% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | €1.5m | €1.5m | €1.0m | ▼ 31.6% |
| Financial debts170/4 | €1.5m | €1.5m | €1.5m | €1.5m | €1.0m | ▼ 31.6% |
| Amounts payable within one year42/48 | €3.0m | €5.2m | €3.4m | €4.3m | €4.7m | ▲ 8.8% |
| Current portion of amounts payable after more than one year42 | €2.0m | €4.7m | €3.0m | €3.7m | €3.1m | ▼ 16.5% |
| Trade debts44 | €13,888 | €6,408 | €8,965 | €29,041 | €17,466 | ▼ 39.9% |
| Suppliers440/4 | €13,888 | €6,408 | €8,965 | €29,041 | €17,466 | ▼ 39.9% |
| Advances received on contracts in progress46 | - | €34,000 | - | - | - | - |
| Taxes, remuneration and social security45 | €773 | €722 | €1,815 | €3,819 | €3,808 | ▼ 0.3% |
| Taxes450/3 | €773 | €722 | €1,815 | €3,819 | €3,808 | ▼ 0.3% |
| Other amounts payable47/48 | €999,030 | €452,000 | €415,170 | €573,022 | €1.6m | ▲ 175% |
| Accrued charges and deferred income492/3 | €169,796 | €101,624 | €101,771 | €107,264 | €151,898 | ▲ 41.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,476 | -€63,118 | -€6,142 | €24,209 | -€604,468 | ▼ 2,597% |
| + Depreciation and write-downs630 | €34,104 | - | - | - | €457 | - |
| Operating cash flow (approximation) | €81,580 | -€63,118 | -€6,142 | €24,209 | -€604,011 | ▼ 2,595% |
| Change in cash | - | -€602,282 | €420,350 | -€585,657 | €19,570 | ▲ 103% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€604,468
Net result drops to -€604,468, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €24,209
Net result €24,209 after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €195,737 ▲2,338%
Operating result €392,876, net result €195,737, both a record.
04-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €8,028
Net result €8,028 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 1 establishment unit since 2015
Ground area
3.2 ha
Building footprint
2,947 m²
Volume, LiDAR
34,486 m³
2 parcels, Brussels · tallest building 22.2 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Veeartsenstraat 42, 1070 Anderlecht
since 20152.242.762.437
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21305C0326/00Y002 ProtectedMonument · Site or landscapeVeeartsenijschool van Kuregem en het park |
Brussels | 3.2 ha | 1 · 2,600 m² | 19.7 m · 3 fl. |
| 21807G0167/00D002 | Brussels | 583 m² | 1 · 347 m² | 22.1 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
98450000CCNFE0FBD860
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,133 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
Founded28-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630915912
Registered
30-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.