CUBYTUS4
ActiveSummary
CUBYTUS4 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €284,090 and a net result of -€18,958. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 277 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-1
Solvency47=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.27 in 2024; short-term debt: 66.8% and cash: 2% of total assets), and 78.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
about 8% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€18,958
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
29 d late
2023
27 d late
2022
35 d early
2021
34 d early
2020
31 d late
2019
67 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 9 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 July (4 of the last 5 filed years within 39 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€284,090▼ 6.3%
2024 · €303,048
Total assets
€1.3m▼ 5.0%
2024 · €1.4m
Net result
-€18,958▼ 340%
2024 · -€4,309
Working capital
-€600,612▲ 9.1%
2024 · -€660,406
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, 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
Line20212022202320242025
Operating result-€21,325▲ 31.0%-€12,754▲ 40.2%-€16,319▼ 28.0%-€6,706▲ 58.9%-€22,047▼ 229%
Net result-€20,729below the sector's middle half▲ 29.3%-€12,937below the sector's middle half▲ 37.6%-€12,597below the sector's middle half▲ 2.6%-€4,309below the sector's middle half▲ 65.8%-€18,958below the sector's middle half▼ 340%
Equity€332,891above the sector's middle half▼ 5.9%€319,954above the sector's middle half▼ 3.9%€307,357above the sector's middle half▼ 3.9%€303,048above the sector's middle half▼ 1.4%€284,090within the sector's middle half▼ 6.3%
Total assets€1.5mabove the sector's middle half▲ 4.5%€1.4mabove the sector's middle half▼ 1.9%€1.4mabove the sector's middle half▼ 0.6%€1.4mabove the sector's middle half▼ 4.6%€1.3mwithin the sector's middle half▼ 5.0%
Debt€1.0m▲ 9.6%€1.0m▼ 0.7%€1.0m▲ 1.0%€986,120▼ 5.2%€942,978▼ 4.4%
Working capital-€752,902below the sector's middle half▼ 14.2%-€713,466below the sector's middle half▲ 5.2%-€722,107below the sector's middle half▼ 1.2%-€660,406below the sector's middle half▲ 8.5%-€600,612below the sector's middle half▲ 9.1%
Solvency22.6%within the sector's middle half▼ 2.5pp22.2%within the sector's middle half▼ 0.5pp21.4%within the sector's middle half▼ 0.7pp22.1%within the sector's middle half▲ 0.7pp21.8%within the sector's middle half▼ 0.3pp
Current ratio0.18below the sector's middle half▼ 0.020.23below the sector's middle half▲ 0.050.23below the sector's middle half▲ 0.010.27below the sector's middle half▲ 0.030.31below the sector's middle half▲ 0.04
Return on assets (ROA)-1.4%below the sector's middle half▲ 0.7pp-0.9%below the sector's middle half▲ 0.5pp-0.9%within the sector's middle half=-0.3%below the sector's middle half▲ 0.6pp-1.5%below the sector's middle half▼ 1.1pp
Staff (FTE)0.50.3▼ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 16, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,047 in 2025 against €6,706 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.0m ▼ 8.7%
Current assets
€268,411 ▲ 12.0%
Equity and liabilities €1.3m
Equity
€284,090 ▼ 6.3%
Provisions
€73,132 ▼ 8.7%
Debt
€942,978 ▼ 4.4%
Debt's share of the balance-sheet total rises from 72.0% to 72.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75,896▼
2024 · €90,915
Cash flow
€78,986▼
2024 · €93,312
Debt to equity
3.32▲
2024 · 3.25
ROE
-6.7%▼
2024 · -1.4%
Interest coverage
21.33▼
2024 · 21.98
Debt ≤ 1 year
€869,023▼
2024 · €900,108
Debt > 1 year
€73,955▼
2024 · €86,012
Income taxes
€427▲
2024 · €420
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,423 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
1.0%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,423 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €4,000 | €10,120 | ▲ 153% |
| Remuneration, social security and pensions62 | €5,962 | €2,546 | €15 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €85,205 | €89,880 | €92,753 | €97,621 | €97,944 | ▲ 0.3% |
| Other operating charges640/8 | €35,170 | €30,967 | €33,727 | €35,118 | €35,901 | ▲ 2.2% |
| Gross operating margin9900 | €105,012 | €110,638 | €110,177 | €126,033 | €111,797 | ▼ 11.3% |
| Operating profit (loss)9901 | -€21,325 | -€12,754 | -€16,319 | -€6,706 | -€22,047 | ▼ 229% |
| Financial income75/76B | €2 | €0 | €104 | - | €120 | - |
| Recurring financial income75 | €2 | €0 | €104 | - | €120 | - |
| Financial charges65/66B | €5,392 | €5,028 | €4,543 | €4,136 | €3,558 | ▼ 14.0% |
| Recurring financial charges65 | €5,392 | €5,028 | €4,543 | €4,136 | €3,558 | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | -€26,716 | -€17,781 | -€20,758 | -€10,842 | -€25,485 | ▼ 135% |
| Transfer from deferred taxes780 | €6,954 | €6,954 | €6,954 | €6,954 | €6,954 | = |
| Income taxes67/77 | €967 | €2,110 | -€1,207 | €420 | €427 | ▲ 1.5% |
| Profit (loss) for the period9904 | -€20,729 | -€12,937 | -€12,597 | -€4,309 | -€18,958 | ▼ 340% |
| Transfer from tax-exempt reserves789 | €16,555 | €16,555 | €16,555 | €16,555 | €16,555 | = |
| Profit (loss) for the period to be appropriated9905 | -€4,174 | €3,618 | €3,958 | €12,246 | -€2,403 | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 5.0% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 8.7% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 8.7% |
| Land and buildings22 | €1.2m | €1.2m | €1.1m | €1.0m | €974,369 | ▼ 6.7% |
| Furniture and vehicles24 | €63,480 | €47,132 | €90,040 | €76,145 | €50,099 | ▼ 34.2% |
| Other tangible fixed assets26 | €12,688 | €11,346 | €10,004 | €8,662 | €7,320 | ▼ 15.5% |
| Financial fixed assets28 | €175 | €175 | - | - | - | - |
| Current assets29/58 | €163,447 | €209,887 | €221,105 | €239,702 | €268,411 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €146,396 | €146,807 | €181,048 | €191,810 | €192,102 | ▲ 0.2% |
| Trade receivables40 | €29,217 | €1,391 | €9,332 | €13,795 | €11,751 | ▼ 14.8% |
| Other amounts receivable41 | €117,178 | €145,416 | €171,716 | €178,015 | €180,350 | ▲ 1.3% |
| Current investments50/53 | - | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €3,615 | €60,825 | €38,055 | €45,328 | €25,816 | ▼ 43.0% |
| Deferred charges and accrued income490/1 | €13,437 | €2,256 | €2,002 | €2,564 | €493 | ▼ 80.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | €1.4m | €1.3m | ▼ 5.0% |
| Equity10/15 | €332,891 | €319,954 | €307,357 | €303,048 | €284,090 | ▼ 6.3% |
| Contributions10/11 | €493,868 | €493,868 | €493,868 | €493,868 | €493,868 | = |
| Capital10 | €493,868 | €493,868 | €493,868 | €493,868 | €493,868 | = |
| Issued capital100 | €500,068 | €500,068 | €500,068 | €500,068 | €500,068 | = |
| Uncalled capital101 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €242,978 | €226,423 | €209,868 | €193,313 | €176,758 | ▼ 8.6% |
| Non-distributable reserves130/1 | €2,656 | €2,656 | €2,656 | €2,656 | €2,656 | = |
| Legal reserve130 | €2,656 | €2,656 | €2,656 | €2,656 | €2,656 | = |
| Tax-exempt reserves132 | €240,322 | €223,767 | €207,212 | €190,657 | €174,102 | ▼ 8.7% |
| Profit (loss) carried forward14 | -€403,954 | -€400,337 | -€396,379 | -€384,133 | -€386,536 | ▼ 0.6% |
| Provisions and deferred taxes16 | €100,947 | €93,994 | €87,040 | €80,086 | €73,132 | ▼ 8.7% |
| Deferred taxes168 | €100,947 | €93,994 | €87,040 | €80,086 | €73,132 | ▼ 8.7% |
| Amounts payable17/49 | €1.0m | €1.0m | €1.0m | €986,120 | €942,978 | ▼ 4.4% |
| Amounts payable after more than one year17 | €109,666 | €105,455 | €96,471 | €86,012 | €73,955 | ▼ 14.0% |
| Financial debts170/4 | €97,056 | €87,525 | €77,541 | €67,082 | €56,125 | ▼ 16.3% |
| Other amounts payable178/9 | €12,610 | €17,930 | €18,930 | €18,930 | €17,830 | ▼ 5.8% |
| Amounts payable within one year42/48 | €916,350 | €923,354 | €943,212 | €900,108 | €869,023 | ▼ 3.5% |
| Current portion of amounts payable after more than one year42 | €9,098 | €9,531 | €9,984 | €10,459 | €10,957 | ▲ 4.8% |
| Trade debts44 | €14,503 | €12,929 | €6,199 | €4,757 | €1,778 | ▼ 62.6% |
| Suppliers440/4 | €14,503 | €12,929 | €6,199 | €4,757 | €1,778 | ▼ 62.6% |
| Advances received on contracts in progress46 | €600 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €3,903 | €6,010 | €654 | €1,219 | €3,214 | ▲ 164% |
| Taxes450/3 | €2,978 | €5,937 | €654 | €1,219 | €3,214 | ▲ 164% |
| Remuneration and social security454/9 | €925 | €72 | - | - | - | - |
| Other amounts payable47/48 | €888,246 | €894,884 | €926,374 | €883,673 | €853,073 | ▼ 3.5% |
| Accrued charges and deferred income492/3 | €11,219 | €1,000 | €530 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,729 | -€12,937 | -€12,597 | -€4,309 | -€18,958 | ▼ 340% |
| + Depreciation and write-downs630 | €85,205 | €89,880 | €92,753 | €97,621 | €97,944 | ▲ 0.3% |
| Operating cash flow (approximation) | €64,476 | €76,942 | €80,156 | €93,312 | €78,986 | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | -€16,123 | -€72,389 | -€13,668 | -€182 | ▲ 98.7% |
| Change in cash | - | €57,210 | -€22,770 | €7,273 | -€19,512 | ▼ 368% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€48,398
Net result drops to -€48,398, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Tournai · 1 establishment unit since 2013
Ground area
7,395 m²
Building footprint
612 m²
Volume, LiDAR
8,113 m³
Parcel 57462B0206/00Y003, Wallonia · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CUBYTUS4 - Au Chemin de Halage
since 20132.227.830.474
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462B0206/00Y003 | Wallonia | 7,395 m² | 1 · 612 m² | 15.5 m · 4 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.
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Of 663 companies in sector 16110 we hold annual accounts for 320. 218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
16110Sawmilling and planing of wood
16210Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
16230Manufacture of other builders' carpentry and joinery
16281Manufacture of other wood products
70200Business and other management consultancy
Contact
E-mail
archybury@gmail.comTournai
Phone
0476/30.29.16Tournai
E-invoicing
Reachable via Peppol
Peppol ID
0208:0542922262
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.