Cybrid Thrust
ActiveSummary
The computed 12-month bankruptcy probability of Cybrid Thrust is 2.1% (moderate). The 2025 annual accounts show equity of €84,930 and a net result of -€53,030. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 45% of 48 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-83
Solvency43▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.14 against 1.36 in 2024; short-term debt: 82.3% and cash: 0.4% of total assets), and 82.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 30
Relative position
BE, all sectors
reference
Manufacture of other transport equipment (NACE 30)
about 67% more 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
17.7%
Return on assets
-11%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
29 d early
2024
13 d late
2023
6 d early
2022
68 d late
2021
76 d late
2020
75 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 30% 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 13 August (4 of the last 5 filed years within 55 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, micro schema
Equity
€84,930▼ 38.4%
2024 · €137,960
Total assets
€480,476▲ 7.8%
2024 · €445,851
Net result
-€53,030
2024 · €68,996
Working capital
€54,707▼ 50.2%
2024 · €109,951
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€27,421▲ 80.1%-€490€49,990€97,417▲ 94.9%-€43,059
Net result€22,404within the sector's middle half▲ 82.4%€2,150within the sector's middle half▼ 90.4%€29,129above the sector's middle half▲ 1,255%€68,996above the sector's middle half▲ 137%-€53,030below the sector's middle half
Equity€37,684within the sector's middle half▲ 147%€39,834within the sector's middle half▲ 5.7%€68,963within the sector's middle half▲ 73.1%€137,960above the sector's middle half▲ 100%€84,930within the sector's middle half▼ 38.4%
Total assets€114,055within the sector's middle half▲ 125%€237,208within the sector's middle half▲ 108%€353,007within the sector's middle half▲ 48.8%€445,851within the sector's middle half▲ 26.3%€480,476within the sector's middle half▲ 7.8%
Debt€76,371▲ 116%€197,374▲ 158%€284,044▲ 43.9%€307,891▲ 8.4%€395,546▲ 28.5%
Working capital€33,087within the sector's middle half▲ 184%€34,217within the sector's middle half▲ 3.4%€67,894within the sector's middle half▲ 98.4%€109,951above the sector's middle half▲ 61.9%€54,707within the sector's middle half▼ 50.2%
Solvency33.0%within the sector's middle half▲ 2.9pp16.8%within the sector's middle half▼ 16.2pp19.5%within the sector's middle half▲ 2.7pp30.9%within the sector's middle half▲ 11.4pp17.7%within the sector's middle half▼ 13.3pp
Current ratio1.43within the sector's middle half▲ 0.101.17within the sector's middle half▼ 0.261.26within the sector's middle half▲ 0.091.36within the sector's middle half▲ 0.101.14within the sector's middle half▼ 0.22
Return on assets (ROA)19.6%above the sector's middle half▼ 4.6pp0.9%within the sector's middle half▼ 18.7pp8.3%within the sector's middle half▲ 7.3pp15.5%above the sector's middle half▲ 7.2pp-11.0%within the sector's middle half▼ 26.5pp
Staff (FTE)0.71.5▲ 114%2.5▲ 66.7%2.4▼ 4.0%2.5▲ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 30, Manufacture of other transport equipment, 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
The operating result turns negative in 2025: a loss of €43,059 after €97,417 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €480,476
Fixed assets
€30,223 ▲ 7.9%
Current assets
€450,253 ▲ 7.8%
Equity and liabilities €480,476
Equity
€84,930 ▼ 38.4%
Debt
€395,546 ▲ 28.5%
Debt's share of the balance-sheet total rises from 69.1% to 82.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€36,486▼
2024 · €103,946
Cash flow
-€46,457▼
2024 · €75,525
Quick ratio
0.36▼
2024 · 0.43
Debt to equity
4.66▲
2024 · 2.23
ROE
-62.4%▼
2024 · 50.0%
Interest coverage
-6.04▼
2024 · 15.83
Debt ≤ 1 year
€395,546▲
2024 · €307,891
Income taxes
€4,942▼
2024 · €21,856
Staff costs
€86,927▲
2024 · €85,074
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,133 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
6.4%
went bankrupt
6.6%
stopped otherwise
86%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 1,133 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14,520 | €46,072 | €87,553 | €85,074 | €86,927 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,262 | €2,536 | €7,641 | €6,529 | €6,573 | ▲ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €8,976 | - |
| Other operating charges640/8 | €654 | €137 | €1,437 | €633 | €2,172 | ▲ 243% |
| Gross operating margin9900 | €44,857 | €48,254 | €146,621 | €189,652 | €61,589 | ▼ 67.5% |
| Operating profit (loss)9901 | €27,421 | -€490 | €49,990 | €97,417 | -€43,059 | ▼ 144% |
| Financial income75/76B | €1,704 | €5,126 | €455 | - | €1,009 | - |
| Recurring financial income75 | €1,704 | €5,126 | €455 | - | €1,009 | - |
| Financial charges65/66B | €887 | €1,583 | €10,819 | €6,565 | €6,038 | ▼ 8.0% |
| Recurring financial charges65 | €887 | €1,583 | €10,819 | €6,565 | €6,038 | ▼ 8.0% |
| Profit (loss) for the period before taxes9903 | €28,238 | €3,053 | €39,626 | €90,852 | -€48,088 | ▼ 153% |
| Income taxes67/77 | €5,834 | €903 | €10,496 | €21,856 | €4,942 | ▼ 77.4% |
| Profit (loss) for the period9904 | €22,404 | €2,150 | €29,129 | €68,996 | -€53,030 | ▼ 177% |
| Profit (loss) for the period to be appropriated9905 | €22,404 | €2,150 | €29,129 | €68,996 | -€53,030 | ▼ 177% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114,055 | €237,208 | €353,007 | €445,851 | €480,476 | ▲ 7.8% |
| Fixed assets21/28 | €4,597 | €5,617 | €23,938 | €28,009 | €30,223 | ▲ 7.9% |
| Tangible fixed assets22/27 | €4,492 | €5,312 | €23,633 | €18,523 | €16,237 | ▼ 12.3% |
| Plant, machinery and equipment23 | - | €1,901 | €1,518 | €1,135 | €1,854 | ▲ 63.3% |
| Furniture and vehicles24 | €4,492 | €3,411 | €22,115 | €17,387 | €14,383 | ▼ 17.3% |
| Financial fixed assets28 | €105 | €305 | €305 | €9,486 | €13,986 | ▲ 47.4% |
| Current assets29/58 | €109,458 | €231,590 | €329,069 | €417,842 | €450,253 | ▲ 7.8% |
| Stocks and contracts in progress3 | €63,830 | €108,675 | €216,220 | €284,261 | €306,422 | ▲ 7.8% |
| Stocks30/36 | €63,830 | €108,675 | €216,220 | €284,261 | €306,422 | ▲ 7.8% |
| Amounts receivable within one year40/41 | €7,927 | €96,557 | €66,408 | €113,989 | €126,710 | ▲ 11.2% |
| Trade receivables40 | €5,289 | €96,446 | €63,517 | €113,981 | €126,542 | ▲ 11.0% |
| Other amounts receivable41 | €2,638 | €112 | €2,891 | €8 | €168 | ▲ 2,118% |
| Cash at bank and in hand54/58 | €35,417 | €25,094 | €30,932 | €4,042 | €1,972 | ▼ 51.2% |
| Deferred charges and accrued income490/1 | €2,284 | €1,264 | €15,508 | €15,550 | €15,149 | ▼ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114,055 | €237,208 | €353,007 | €445,851 | €480,476 | ▲ 7.8% |
| Equity10/15 | €37,684 | €39,834 | €68,963 | €137,960 | €84,930 | ▼ 38.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €34,684 | €36,834 | €65,963 | €134,960 | €134,960 | = |
| Distributable reserves133 | €34,684 | €36,834 | €65,963 | €134,960 | €134,960 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€53,030 | - |
| Amounts payable17/49 | €76,371 | €197,374 | €284,044 | €307,891 | €395,546 | ▲ 28.5% |
| Amounts payable within one year42/48 | €76,371 | €197,374 | €261,175 | €307,891 | €395,546 | ▲ 28.5% |
| Financial debts43 | €2 | - | - | - | - | - |
| Credit institutions430/8 | €2 | - | - | - | - | - |
| Trade debts44 | €70 | €43,176 | €72,842 | €57,050 | €142,707 | ▲ 150% |
| Suppliers440/4 | €70 | €43,176 | €72,842 | €57,050 | €142,707 | ▲ 150% |
| Taxes, remuneration and social security45 | €23,202 | €67,755 | €71,691 | €118,187 | €144,187 | ▲ 22.0% |
| Taxes450/3 | €9,505 | €37,168 | €26,806 | €42,832 | €43,988 | ▲ 2.7% |
| Remuneration and social security454/9 | €13,697 | €30,588 | €44,885 | €75,355 | €100,199 | ▲ 33.0% |
| Other amounts payable47/48 | €53,097 | €86,442 | €116,642 | €132,654 | €108,653 | ▼ 18.1% |
| Accrued charges and deferred income492/3 | - | - | €22,869 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,404 | €2,150 | €29,129 | €68,996 | -€53,030 | ▼ 177% |
| + Depreciation and write-downs630 | €2,262 | €2,536 | €7,641 | €6,529 | €6,573 | ▲ 0.7% |
| Operating cash flow (approximation) | €24,666 | €4,685 | €36,771 | €75,525 | -€46,457 | ▼ 162% |
| Investment in fixed assets (approximation) | - | -€3,556 | -€25,962 | -€10,599 | -€8,787 | ▲ 17.1% |
| Change in cash | - | -€10,323 | €5,838 | -€26,890 | -€2,070 | ▲ 92.3% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€53,030
Net result drops to -€53,030, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Highest result since 2020net €68,996 ▲137%
Operating result €97,417, net result €68,996, both a record.
31-12
Financial
Equity above €100,000Eq €137,960 ▲100%
5 profitable years in a row build equity to €137,960.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
14-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 75 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2020
Ground area
2.9 ha
Building footprint
1.5 ha
Volume, LiDAR
140,314 m³
Parcel 23057C0046/00T000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cybrid Trust
since 20202.300.421.514
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23057C0046/00T000 | Flanders | 2.9 ha | 1 · 1.5 ha | 11.8 m · 3 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.
Subsidies and aid
Flemish government
2025 · 1 entry · 5,805 EUR awarded · 5,805 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,805 EUR | 5,805 EUR |
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Of 110 companies in this sector we hold annual accounts for 68. 31 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded28-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
30310Manufacture of other transport equipment
62100Computer programming
26510Manufacture of computer, electronic and optical products
27110Manufacture of electrical equipment
70200Business and other management consultancy
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744580809
Also
9925:BE0744580809
Registered
22-11-2024
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.