CUBMET
Open bankruptcyA bankruptcy procedure is open for CUBMET according to publications in the Belgian State Gazette; curator: GREGORY BRUNEEL.
Summary
The 2024 annual accounts show negative equity (€-352k) and a net result of €-135k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-352k
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-352k▼ 62.1%
2023 · €-217k
2020: €56k
2021: €38k
2022: €-136k
2023: €-217k
2020 → 2024
Total assets
€594k▲ 99.2%
2023 · €298k
2020: €196k
2021: €256k
2022: €320k
2023: €298k
2020 → 2024
Net result
€-135k▼ 66.9%
2023 · €-81k
2020: €50k
2021: €-19k
2022: €-174k
2023: €-81k
2020 → 2024
Working capital
€-418k▼ 57.2%
2023 · €-266k
2020: €25k
2021: €-35k
2022: €-201k
2023: €-266k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€56k-€38k▼ 33.2%€-136k€-217k▼ 59.3%€-352k▼ 62.1%
Operating result€66k-€-13k€-150k▼ 1,025%€-73k▲ 51.6%€-126k▼ 74.0%
Net result€50k-€-19k€-174k▼ 830%€-81k▲ 53.5%€-135k▼ 66.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €126k in 2024 against €73k in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €594k
Fixed assets
€69k ▲ 40.8%
Current assets
€525k ▲ 111%
Key figures and ratios
EBITDA
€-107k▼
2023 · €-57k
Cash flow
€-115k▼
2023 · €-65k
Solvency
-59.2%▲
2023 · -72.7%
Current ratio
0.56▲
2023 · 0.48
Quick ratio
0.55▲
2023 · 0.47
Debt to equity
-2.69▼
2023 · -2.38
ROA
-22.7%▲
2023 · -27.0%
Interest coverage
-12.95▼
2023 · -7.10
Debt
€946k▲
2023 · €515k
Debt ≤ 1 year
€944k▲
2023 · €515k
Staff costs
€280k▲
2023 · €219k
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 · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€298k€594k▲
Fixed assets21/28€49k€69k▲
Intangible fixed assets21€11k€8k▼
Tangible fixed assets22/27€25k€48k▲
Furniture and vehicles24€25k€35k▲
Other tangible fixed assets26-€13k
Financial fixed assets28€13k€13k=
Current assets29/58€249k€525k▲
Stocks and contracts in progress3€6k€9k▲
Stocks30/36€6k€9k▲
Amounts receivable within one year40/41€202k€480k▲
Trade receivables40€176k€460k▲
Other amounts receivable41€26k€20k▼
Current investments50/53€7k€7k=
Cash at bank and in hand54/58€35k€21k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€298k€594k▲
Equity10/15€-217k€-352k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€-223k€-358k▼
Amounts payable17/49€515k€946k▲
Amounts payable within one year42/48€515k€944k▲
Current portion of amounts payable after more than one year42€15k-
Financial debts43-€24
Credit institutions430/8-€24
Trade debts44€244k€613k▲
Suppliers440/4€244k€613k▲
Advances received on contracts in progress46-€8k
Taxes, remuneration and social security45€73k€110k▲
Taxes450/3€66k€74k▲
Remuneration and social security454/9€8k€36k▲
Other amounts payable47/48€183k€212k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20232024
Remuneration, social security and pensions62€219k€280k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€46k€22k▼
Non-recurring operating charges66A-€14k
Gross operating margin9900€208k€209k▲
Operating profit (loss)9901€-73k€-126k▼
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€8k€8k▲
Recurring financial charges65€8k€8k▲
Profit (loss) for the period before taxes9903€-81k€-135k▼
Profit (loss) for the period9904€-81k€-135k▼
Profit (loss) for the period to be appropriated9905€-81k€-135k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-223k€-358k▼
Profit (loss) brought forward from the previous period14P€-142k€-223k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CUBMET BV WESTVAART- DIJK 61, 1850 GRIMBERGEN · event 30-12-2025
2025
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 132 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
18-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 49 days late
2022
31-12
Financial
Weakest financial yearnet €-174k
Net result drops to €-174k, the lowest in the series.
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 50 days late
2021
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Grimbergen · 1 establishment unit since 2022
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.
Westvaartdijk 611850 GrimbergenGround area
1,572 m²
Building footprint
2,203 m²
Volume, LiDAR
15,192 m³
Parcel 23025I0089/00B002, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AHM GARAGE
since 20222.343.763.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0089/00B002 | Flanders | 1,572 m² | 1 · 2,202 m² | 8.7 m · 2 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 | GREGORY BRUNEEL ZELLIKSESTEENWEG 12,
1082 SINT-AGATHA-BERCHEM |
30-12-2025 → present |
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 6,994 companies in sector 49320 we hold annual accounts for 2,722. 2,191 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
Founded26-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
53200Other postal and courier activities
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
46180Agents specialised in the wholesale of other particular products
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.