Equity
Equity fell by 48% in 6 years.
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Embed the CUBIZ4 company card in your article about this bankruptcy: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Equity fell by 48% in 6 years.
Every financial year from 2018 to 2023 closed with a loss. 2020 was the heaviest.
Five of the last ten came late. The 2023 accounts came latest: 37 days after the end of the period.
Equity fell from €73,495 in 2017 to €38,275 in 2023.
On 8 June 2026 the court declared CUBIZ4 bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €4,100. Estimated: probably between €1,900 and €9,800.
Higher than 34% of 1,976 companies in 2023.
Higher than 35% of 1,905 companies in 2023.
Higher than 23% of 1,925 companies in 2023.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
104,778 | 140,213 | 140,036 | 139,258 | 149,387 | 379,560 | 345,011 | 312,476 | 211,885 | 146,499 | 171,766 | 123,061 | 83,667 | 69,965 | 73,198 | |
21/28 |
4,977 | 4,977 | 4,977 | 4,977 | 4,977 | 57,477 | 57,477 | 57,477 | 62,662 | 62,662 | 62,662 | 53,326 | 54,979 | 56,632 | 58,422 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | 826 | 2,479 | 4,132 | 5,785 | |
28 |
4,977 | 4,977 | 4,977 | 4,977 | 4,977 | 57,477 | 57,477 | 57,477 | 62,662 | 62,662 | 62,662 | 52,500 | 52,500 | 52,500 | 52,637 | |
29/58 |
99,801 | 135,236 | 135,059 | 134,281 | 144,409 | 322,083 | 287,534 | 254,999 | 149,223 | 83,837 | 109,104 | 69,734 | 28,688 | 13,333 | 14,775 | |
40/41 |
99,583 | 133,016 | 133,533 | 133,892 | 144,383 | 321,750 | 287,466 | 254,816 | 148,496 | 83,772 | 108,162 | 69,295 | 25,902 | 12,875 | 13,810 | |
40 |
26,207 | 57,390 | 133,187 | 133,547 | 144,037 | 321,446 | 286,228 | 254,816 | 147,369 | 82,991 | 103,984 | 69,292 | 20,899 | 12,872 | 5,657 | |
41 |
73,375 | 75,626 | 346 | 346 | 346 | 303 | 1,238 | - | 1,127 | 781 | 4,179 | 3 | 5,003 | 3 | 8,153 | |
54/58 |
- | 2,001 | 1,526 | 389 | 27 | 333 | 68 | 183 | 727 | 65 | 941 | 39 | 2,786 | 458 | 826 | |
490/1 |
219 | 219 | - | - | - | - | - | - | - | - | - | 400 | - | - | 139 | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
104,778 | 140,213 | 140,036 | 139,258 | 149,387 | 379,560 | 345,011 | 312,476 | 211,885 | 146,499 | 171,766 | 123,061 | 83,667 | 69,965 | 73,198 | |
10/15 |
38,275 | 39,354 | 49,195 | 64,610 | 72,414 | 73,495 | 35,109 | 34,565 | 53,280 | 39,010 | 72,726 | 71,557 | 40,802 | 27,946 | 419 | |
10/11 |
70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 63,075 | 63,075 | 63,075 | 63,075 | 55,075 | 53,075 | 53,075 | 52,400 | 52,400 | 38,400 | |
100 |
- | - | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | 70,000 | |
101 |
- | - | - | - | - | 6,925 | 6,925 | 6,925 | 6,925 | 14,925 | 16,925 | 16,925 | 17,600 | 17,600 | 31,600 | |
11 |
70,000 | 70,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
70,000 | 70,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 5,308 | - | - | - | |
130/1 |
6,025 | 6,025 | 6,025 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 6,025 | 5,308 | - | - | - | |
1311 |
6,025 | 6,025 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
-37,750 | -36,671 | -26,830 | -11,415 | -3,610 | 4,395 | -33,990 | -34,535 | -15,820 | -22,089 | 13,626 | 13,175 | -11,598 | -24,454 | -37,981 | |
17/49 |
66,504 | 100,859 | 90,841 | 74,648 | 76,972 | 306,065 | 309,902 | 277,912 | 158,606 | 107,488 | 99,039 | 51,503 | 42,865 | 42,019 | 72,779 | |
42/48 |
64,735 | 100,859 | 90,841 | 74,648 | 76,972 | 306,065 | 309,902 | 277,912 | 158,606 | 107,488 | 97,223 | 51,503 | 42,517 | 41,656 | 72,016 | |
42 |
7,750 | 7,750 | 7,750 | 7,750 | 7,750 | 14,750 | 17,750 | 12,750 | 25,750 | 30,000 | 30,000 | - | - | - | 8,150 | |
43 |
4,001 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
430/8 |
4,001 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
3,253 | 38,681 | 3,625 | 33,992 | 54,769 | 252,950 | 247,942 | 219,612 | 94,301 | 33,638 | 24,287 | 7,500 | 11,262 | 9,505 | 33,494 | |
440/4 |
3,253 | 38,681 | 3,625 | 33,992 | 54,769 | 252,950 | 247,942 | 219,612 | 94,301 | 33,638 | 24,287 | 7,500 | 11,262 | 9,505 | 33,494 | |
45 |
1,267 | 2,764 | 3,715 | 10,522 | 1,908 | - | 8,783 | 13,007 | 6,299 | 11,595 | 17,216 | 18,470 | 7,325 | 7,739 | 5,961 | |
450/3 |
1,267 | 2,764 | 3,715 | 452 | - | - | - | 6,434 | 1,213 | - | 6,351 | 14,340 | 3,195 | 3,573 | 595 | |
454/9 |
- | - | - | 10,070 | 1,908 | - | 8,783 | 6,573 | 5,087 | 11,595 | 10,865 | 4,130 | 4,130 | 4,166 | 5,366 | |
47/48 |
48,464 | 51,664 | 75,752 | 22,383 | 12,545 | 38,365 | 35,426 | 32,543 | 32,255 | 32,255 | 25,720 | 25,533 | 23,930 | 24,411 | 24,411 | |
492/3 |
1,769 | - | - | - | - | - | - | - | - | - | 1,816 | - | 348 | 363 | 763 | |
| Income statement | ||||||||||||||||
9900 |
539 | -9,448 | 5,489 | 36,859 | 45,260 | 38,874 | 34,367 | 2,549 | 8,743 | 45,547 | 38,896 | 42,261 | 15,223 | 17,124 | 16,703 | |
62 |
- | - | 11,761 | 36,881 | 20,717 | - | 32,908 | 18,058 | 1,589 | 24,064 | 34,544 | - | - | 180 | 51,027 | |
630 |
- | - | - | - | - | - | - | - | - | - | 826 | 1,653 | 1,653 | 1,653 | 2,479 | |
631/4 |
- | - | - | - | -8,797 | - | - | - | - | 56,041 | - | - | - | - | - | |
640/8 |
454 | 348 | 1,190 | 348 | 9,144 | 348 | 348 | 3,144 | 809 | 89 | 873 | 19 | 570 | 470 | 896 | |
9901 |
86 | -9,796 | -7,462 | -369 | 24,195 | 38,526 | 1,112 | -18,653 | 6,344 | -34,647 | 2,653 | 40,590 | 13,000 | 14,821 | -37,700 | |
75/76B |
- | - | 2 | 1 | - | - | 2 | - | - | - | - | 702 | 36 | 6 | 29 | |
75 |
- | - | 2 | 1 | - | - | 2 | - | - | - | - | 702 | 36 | 6 | 29 | |
65/66B |
105 | 45 | 123 | 176 | 32,201 | 140 | 569 | 62 | 75 | 1,069 | 931 | 972 | 185 | 1,299 | 307 | |
65 |
105 | 45 | 123 | 176 | 101 | 140 | 569 | 62 | 75 | 1,069 | 931 | 972 | 185 | 1,299 | 307 | |
66B |
- | - | - | - | 32,100 | - | - | - | - | - | - | - | - | - | - | |
9903 |
-19 | -9,841 | -7,583 | -544 | -8,006 | 38,386 | 545 | -18,715 | 6,269 | -35,716 | 1,721 | 40,319 | 12,852 | 13,528 | -37,977 | |
67/77 |
- | - | 7,832 | 7,260 | - | - | - | - | - | - | 553 | 10,239 | -4 | 1 | 4 | |
9904 |
-19 | -9,841 | -15,415 | -7,804 | -8,006 | 38,386 | 545 | -18,715 | 6,269 | -35,716 | 1,169 | 30,080 | 12,856 | 13,528 | -37,981 | |
9905 |
-19 | -9,841 | -15,415 | -7,804 | -8,006 | 38,386 | 545 | -18,715 | 6,269 | -35,716 | 1,169 | 30,080 | 12,856 | 13,528 | -37,981 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-37,750 | -36,671 | -26,830 | -11,415 | -3,610 | 4,395 | -33,990 | -34,535 | -15,820 | -22,089 | 14,344 | 18,482 | -11,598 | -24,454 | -37,981 | |
14P |
-37,731 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 717 | 5,308 | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | - | 717 | 5,308 | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | 2 | - | 1 | - | 0.6 | 0.5 | - | 0.5 | 0.6 | - | - | - | 0.5 | |
Hours worked1013 |
- | - | 696 | - | 1,839 | - | 1,036 | 918 | - | 1,118 | 1,116 | - | - | - | 1,346 | |
| Document | ||||||||||||||||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2023 (PDF), filed on 08-03-2024.
2023 annual accounts filed 37 days after the deadline. Filed on 8 March 2024, deadline 31 January 2024 (7 months after the close on 30 June 2023, Companies Code art. 3:10). Source: NBB, 2024-00043017.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | micro format | 08-03-2024 | 2024-00043017 | |
| 30-06-2021 | micro format | 28-01-2022 | 2022-03700043 | |
| 30-06-2020 | micro format | 26-02-2021 | 2021-06600413 | |
| 30-06-2019 | micro format | 17-01-2020 | 2020-01400526 | |
| 30-06-2018 | micro format | 14-12-2018 | 2018-74600418 | |
| 30-06-2017 | full format | 08-02-2018 | 2018-04900100 | |
| 30-06-2016 | full format | 08-02-2017 | 2017-04100483 | |
| 30-06-2015 | full format | 24-02-2016 | 2016-04900067 | |
| 30-06-2014 | full format | 30-01-2015 | 2015-03600392 | |
| 30-06-2013 | full format | 31-01-2014 | 2014-02700350 | |
| 30-06-2012 | full format | 17-12-2012 | 2012-66500151 | |
| 30-06-2011 | full format | 27-01-2012 | 2012-01600295 | |
| 30-06-2010 | full format | 07-01-2011 | 2011-00400110 | |
| 30-06-2009 | full format | 02-12-2009 | 2009-87100103 | |
| 30-06-2008 | full format | 17-12-2008 | 2008-85200267 |
| Line | Trend | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | - | - | - | - | - | 3,479 | 42,243 | 14,653 | 16,474 | -35,220 | ||
| - | - | - | - | - | - | - | - | - | - | 1,995 | 31,733 | 14,509 | 15,180 | -35,502 | ||
| - | - | - | - | - | - | - | - | - | - | 10,162 | 0 | 0 | -137 | 60,902 | ||
| - | 475 | 1,137 | 362 | -306 | 265 | -115 | -544 | 663 | -877 | 902 | -2,747 | 2,328 | -369 | - | ||
| 35,067 | 34,377 | 44,218 | 59,633 | 67,437 | 16,018 | -22,368 | -22,913 | -9,382 | -23,652 | 11,881 | 18,231 | -13,830 | -28,323 | -57,241 | ||
| 36.5% | 28.1% | 35.1% | 46.4% | 48.5% | 19.4% | 10.2% | 11.1% | 25.1% | 26.6% | 42.3% | 58.1% | 48.8% | 39.9% | 0.6% | ||
| 1.54 | 1.34 | 1.49 | 1.80 | 1.88 | 1.05 | 0.93 | 0.92 | 0.94 | 0.78 | 1.12 | 1.35 | 0.67 | 0.32 | 0.21 | ||
| 1.74 | 2.56 | 1.85 | 1.16 | 1.06 | 4.16 | 8.83 | 8.04 | 2.98 | 2.76 | 1.36 | 0.72 | 1.05 | 1.50 | - | ||
| 0.0% | -25.0% | -31.3% | -12.1% | -11.1% | 52.2% | 1.6% | -54.1% | 11.8% | -91.6% | 1.6% | 42.0% | 31.5% | 48.4% | - | ||
| 0.0% | -7.0% | -11.0% | -5.6% | -5.4% | 10.1% | 0.2% | -6.0% | 3.0% | -24.4% | 0.7% | 24.4% | 15.4% | 19.3% | -51.9% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2023 is €86, against a loss of €9,796 in 2021. Comparable figures for the intervening years are unavailable.
Debt's share of the balance-sheet total is 63.5%.
Source: lists of holdings in the owners' accounts
Source: list of holdings in its own 30-06-2013 accounts. Every holding stands with its own latest accounts.
| KOALYMA FINANCE
establishment since 23-08-2018 · founded in 2018 |
total assets €136,378 (2025) 0701.712.252 |
| Immersa
registered office since 22-05-2024 · founded in 2024 |
total assets €86,257 (2025) 1009.567.882 |
| Zveny, Jade (sole trader)
establishment since 01-10-2025 |
founded in 2025 1026.664.034 |
| Guédon, Frédéric (sole trader)
establishment since 01-10-2024 |
founded in 2024 1014.373.342 |
| Nguyễn, Thị (sole trader)
establishment since 01-04-2024 |
founded in 2024 1008.249.474 |
| Drira, Ouissem (sole trader)
establishment since 15-05-2006 |
founded in 2006 0881.461.566 |
| Association des copropriétaires à Watermael-Boitsfort, AG 2 Place Keym, 42- 43, Avenue de la Sauvagine
establishment since 01-01-1971 |
founded in 1970 0832.597.718 |
| Name | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|---|
| Com2be.networks | 51% | |||||
Source: list of holdings in its own accounts
The network starts from the directors of CUBIZ4. Every other company they run is a node.
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Eugène Keymplein 43 registered office 1170 Watermael-Boitsfort | ||
| Cubiz 4 Rue du Trichon, Sauv. 43, 5030 Gembloux | 27-08-2007 | 2.164.563.017 |
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21017D0156/00P002 | Brussels | 2,374 m² | - | - |
| 92253D0568/00B002 | Wallonia | 800 m² | 1 · 169 m² | 8.4 m · 2 |
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