CUBUZ
ActiveSummary
CUBUZ has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €447,464 and a net result of €135,914. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+2
Solvency43▲+2
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.07 in 2024; short-term debt: 70.3% and cash: 0.1% of total assets), and 81.5% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
18.5%
Return on assets
5.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
30 d late
2024
2 d early
2023
15 d late
2022
24 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 17 days after 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. Usually files around 20 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 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 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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, micro schema
Equity
€447,464▲ 43.6%
2024 · €311,550
Total assets
€2.4m▲ 21.3%
2024 · €2.0m
Net result
€135,914▲ 54.8%
2024 · €87,820
Working capital
-€1.7m▼ 11.4%
2024 · -€1.5m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line2022202320242025
Operating result€204,700-€78,696▼ 61.6%€113,503▲ 44.2%€155,151▲ 36.7%
Net result€157,713above the sector's middle half-€61,017above the sector's middle half▼ 61.3%€87,820above the sector's middle half▲ 43.9%€135,914above the sector's middle half▲ 54.8%
Equity€162,713within the sector's middle half-€223,730within the sector's middle half▲ 37.5%€311,550within the sector's middle half▲ 39.3%€447,464above the sector's middle half▲ 43.6%
Total assets€245,986within the sector's middle half-€522,353within the sector's middle half▲ 112%€2.0mabove the sector's middle half▲ 282%€2.4mabove the sector's middle half▲ 21.3%
Debt€83,273-€298,623▲ 259%€1.7m▲ 464%€2.0m▲ 17.2%
Working capital€76,676within the sector's middle half--€154,050below the sector's middle half-€1.5mbelow the sector's middle half▼ 874%-€1.7mbelow the sector's middle half▼ 11.4%
Solvency66.1%above the sector's middle half-42.8%within the sector's middle half▼ 23.3pp15.6%within the sector's middle half▼ 27.2pp18.5%within the sector's middle half▲ 2.9pp
Current ratio2.12within the sector's middle half-0.48within the sector's middle half▼ 1.640.07below the sector's middle half▼ 0.410.02below the sector's middle half▼ 0.05
Return on assets (ROA)64.1%above the sector's middle half-11.7%above the sector's middle half▼ 52.4pp4.4%within the sector's middle half▼ 7.3pp5.6%within the sector's middle half▲ 1.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.4m
Fixed assets
€2.4m ▲ 27.0%
Current assets
€30,986 ▼ 72.8%
Equity and liabilities €2.4m
Equity
€447,464 ▲ 43.6%
Debt
€2.0m ▲ 17.2%
Debt's share of the balance-sheet total falls from 84.4% to 81.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€187,545▲
2024 · €132,680
Cash flow
€168,308▲
2024 · €106,997
Debt to equity
4.41▼
2024 · 5.41
ROE
30.4%▲
2024 · 28.2%
Interest coverage
25.81▼
2024 · 55.82
Debt ≤ 1 year
€1.7m▲
2024 · €1.6m
Debt > 1 year
€269,992▲
2024 · €69,699
Income taxes
€11,971▼
2024 · €23,306
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €68,898 | €19,177 | €32,394 | ▲ 68.9% |
| Other operating charges640/8 | €26,334 | €34,999 | €1,933 | €33,482 | ▲ 1,632% |
| Gross operating margin9900 | €231,034 | €182,593 | €134,613 | €221,027 | ▲ 64.2% |
| Operating profit (loss)9901 | €204,700 | €78,696 | €113,503 | €155,151 | ▲ 36.7% |
| Financial charges65/66B | €531 | €1,987 | €2,377 | €7,266 | ▲ 206% |
| Recurring financial charges65 | €531 | €1,987 | €2,377 | €7,266 | ▲ 206% |
| Profit (loss) for the period before taxes9903 | €204,169 | €76,709 | €111,126 | €147,885 | ▲ 33.1% |
| Income taxes67/77 | €46,456 | €15,692 | €23,306 | €11,971 | ▼ 48.6% |
| Profit (loss) for the period9904 | €157,713 | €61,017 | €87,820 | €135,914 | ▲ 54.8% |
| Profit (loss) for the period to be appropriated9905 | €157,713 | €61,017 | €87,820 | €135,914 | ▲ 54.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €245,986 | €522,353 | €2.0m | €2.4m | ▲ 21.3% |
| Fixed assets21/28 | €101,000 | €378,140 | €1.9m | €2.4m | ▲ 27.0% |
| Tangible fixed assets22/27 | €101,000 | €378,140 | €476,475 | €985,040 | ▲ 107% |
| Land and buildings22 | €101,000 | €376,993 | €370,894 | €621,729 | ▲ 67.6% |
| Furniture and vehicles24 | - | €1,147 | €99,081 | €76,632 | ▼ 22.7% |
| Assets under construction and advance payments27 | - | - | €6,500 | €286,679 | ▲ 4,310% |
| Financial fixed assets28 | - | - | €1.4m | €1.4m | = |
| Current assets29/58 | €144,986 | €144,213 | €114,053 | €30,986 | ▼ 72.8% |
| Amounts receivable within one year40/41 | €136,125 | €143,500 | €109,175 | €29,075 | ▼ 73.4% |
| Trade receivables40 | €136,125 | €143,500 | €109,175 | €29,075 | ▼ 73.4% |
| Cash at bank and in hand54/58 | €8,861 | €713 | €3,994 | €1,911 | ▼ 52.2% |
| Deferred charges and accrued income490/1 | - | - | €884 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €245,986 | €522,353 | €2.0m | €2.4m | ▲ 21.3% |
| Equity10/15 | €162,713 | €223,730 | €311,550 | €447,464 | ▲ 43.6% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €157,713 | €218,730 | €306,550 | €442,464 | ▲ 44.3% |
| Amounts payable17/49 | €83,273 | €298,623 | €1.7m | €2.0m | ▲ 17.2% |
| Amounts payable after more than one year17 | - | - | €69,699 | €269,992 | ▲ 287% |
| Financial debts170/4 | - | - | €69,699 | €269,992 | ▲ 287% |
| Amounts payable within one year42/48 | €68,310 | €298,263 | €1.6m | €1.7m | ▲ 5.5% |
| Current portion of amounts payable after more than one year42 | - | - | €18,715 | €42,349 | ▲ 126% |
| Trade debts44 | €2,531 | €11,242 | €19,460 | €163,624 | ▲ 741% |
| Suppliers440/4 | €2,531 | €11,242 | €19,460 | €163,624 | ▲ 741% |
| Taxes, remuneration and social security45 | €65,341 | €82,490 | €80,000 | €2,407 | ▼ 97.0% |
| Taxes450/3 | €56,663 | €64,133 | €56,343 | €2,407 | ▼ 95.7% |
| Remuneration and social security454/9 | €8,678 | €18,357 | €23,657 | - | - |
| Other amounts payable47/48 | €438 | €204,531 | €1.5m | €1.5m | ▼ 0.1% |
| Accrued charges and deferred income492/3 | €14,963 | €360 | €336 | €1,067 | ▲ 218% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,713 | €61,017 | €87,820 | €135,914 | ▲ 54.8% |
| + Depreciation and write-downs630 | - | €68,898 | €19,177 | €32,394 | ▲ 68.9% |
| Operating cash flow (approximation) | €157,713 | €129,915 | €106,997 | €168,308 | ▲ 57.3% |
| Investment in fixed assets (approximation) | - | -€346,038 | -€1.5m | -€540,959 | ▲ 64.5% |
| Change in cash | - | -€8,148 | €3,281 | -€2,083 | ▼ 163% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
28-07
State Gazette act
Appointments: Dierckx Isabel (director) and Van Driessche Jente (director)3 facts ▸
State Gazette act
Appointments: Dierckx Isabel (director) and Van Driessche Jente (director)
3 facts ▸
- General meeting, 01-06-2026
- Director appointment, Dierckx Isabel (director)
- Director appointment, Van Driessche Jente (director)
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
31-12
Financial
Weakest financial yearnet €61,017 ▼61.3%
Net result drops to €61,017, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €223,730 ▲37.5%
2 profitable years in a row build equity to €223,730.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 directors, last change in 2026
Dierckx Isabel
CurrentDirector · since 28-07-2026
Van Driessche Jente
CurrentDirector · since 28-07-2026
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
1 of this company's 2 Belgian State Gazette acts has 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, Halle · 1 establishment unit since 2021
Ground area
236 m²
Building footprint
236 m²
Volume, LiDAR
1,004 m³
Parcel 23043C0325/00G000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
JvD2
since 20212.322.401.714
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043C0325/00G000 | Flanders | 236 m² | 1 · 236 m² | 5.0 m · 1 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
2 people since 2026, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| Dierckx Isabel |
|
| Van Driessche Jente |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of CUBUZ 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
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Similar companies · same sector, comparable size
BVI.EU Green Business Park Merksem
BE 0745.793.705
Kontich · Eq €447,390
QPT TOWER
BE 0476.302.365
Sint-Lambrechts-Woluwe · Eq €446,166
E3-Construct
BE 0773.552.828
Antwerpen · Eq €444,223
VIMINALIS
BE 0750.688.047
Ieper · Eq €443,765
VERSTREPEN INDUSTRIE
BE 0822.978.286
Herenthout · Eq €441,583
Of 1,293 companies in sector 68122 we hold annual accounts for 903. 586 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
Founded06-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0770824851
Also
9925:BE0770824851
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.