Equity
€563,642 ▼ 25.9%
HUB & SPOKE paid out €220,000 in dividends. That is 972% of the 2025 profit.
HUB & SPOKE
Lifetime
12 annual accounts with figures on one time axispeak €787,086 (2016)
-not published
lowest -€3,655 (2014)
€22,635▼ 76.6%
peak €761,007 (2024)
€563,642▼ 25.9%
€29,207▼ 48.9%
Board2 names since 2015
1 directorCompagnie Générale des Effets Visuels
Owners3 names in the annual accounts
100%Carsoux and 1 other
Documentsfilings and deeds
02-02-20262 days late
2025financial year
Turnover from €210,400 to €143,280Result from €96,660 to €22,635Dividend €220,000Equity from €761,007 to €563,642Debts from €57,109 to €29,207Cash from €242,838 to €116,901
Key points
from the 2025 annual accountsResult
€22,635 ▼ 76.6%
The result fell in 2025 from €96,660 to €22,635.
Payment terms
18 days to suppliers
HUB & SPOKE pays its suppliers 115 days earlier than in 2024. Customers pay 132 days earlier.
2025 accounts filed 2 days after the deadline
Checked score
94
Excellent
Financially stronger than 50% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,429 companies (NACE 74, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: 0.1%▲ +0.1 percentage points vs 12-2024
02-2025: < 0.1%▼ -0.1 percentage points vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026highest value
03-2026: < 0.1%▼ -0.1 percentage points vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: 0.1%▲ +0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Size: turnover €143,280, total assets €592,849
lowers risk
Liquidity: current ratio 20.30, cash €116,901, halved
Equity €563,642 (95.1% of total assets)
Sector: Other professional, scientific and technical activities (NACE 74)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 88% of them on solvency, 66% on liquidity, 27% on profitability and 21% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,049 companies had the same profile as HUB & SPOKE has now. Each dot stands for 16 companies, two years later.
96.0%
were still trading
3.6%
stopped another way
0.4%
went bankrupt
That fits the bankruptcy probability of HUB & SPOKE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,049 companies, not a prediction for HUB & SPOKE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 20.3 (14.33 in 2024), above the usual 1.5. Short-term debt is 4.9% and cash 19.7% of total assets. 4.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 days late
2024
3 days early
2023
5 days early
2022
55 days early
2021
95 days early
2020
121 days early
2019
95 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 26 January (4 of the last 5 accounts filed within 50 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Board and ownership
CG
Compagnie Générale des Effets Visuels
Director, since 26-05-2015
- Carsoux 100%annual accounts 30-06-2025
- EURL Carsoux consolidatesannual accounts 30-06-2025
Recent changes
Change of role: Gauthier VANDERHAEGEN, from manager to director
Legal-form conversion: from private limited company (pre-2019) to private limited company · Gazette deed
Registered office moved within La Hulpe
New registered office: Place Alphonse Favresse 39 à 1310 La Hulpe · Previous registered office: Place Alphonse Favresse 45/1 à 1310 La Hulpe · Board meeting of 11-05-2020 · Gazette deed
Incorporation
published on 10-01-2013 · Gazette deed
First establishment
Place Alphonse Favresse 39, La Hulpe
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HUB & SPOKE La Hulpe | €143,280 | 22.5% | 95.1% | - |
| BrickZ Oudenaarde | €213,332 | -48.4% | 88.8% | 1 |
| BIOSFEER LT Lokeren | €40,500 | 37.6% | 2.3% | - |
| eurogoos Ixelles | €456,573 | 12.8% | 90.6% | 4.5 |
| RB PHARMA Liège | €381,827 | -6.0% | 36.1% | - |
| EBX Walhain | €172,563 | 20.2% | 27.1% | - |
| CHRISTIAN REMY EXPERTISES MEDICALES Liège | €313,876 | 9.9% | 39.7% | 5 |
Grey: the largest companies of the sector (other professional activities (NACE 74)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as HUB & SPOKE: other professional, scientific and technical activities (NACE 74999). They are comparable in size and age: total assets between €266,000 and €811,000, founded between 2006 and 2016.
Official details
Source: KBO- Status
- Active since 18-12-2012Normal situation
- Activity
- Other professional, scientific and technical activitiesNACE 74999and 1 other
- Establishment unit
- 2.363.633.2461310 La Hulpe, since 18-12-2012
- Financial year end
- 30 June
- Peppol
- Reachable
Insights on HUB & SPOKE
HUB & SPOKE has existed since 2012. In 2016 the gross margin rose from €6,336 to €787,086.
Carsoux holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HUB & SPOKE
- What is the company number of HUB & SPOKE?
- The company number of HUB & SPOKE is 0508.793.704. The VAT number is the same number with BE in front: BE 0508.793.704.
- Where is HUB & SPOKE based?
- The registered office is at Place Alphonse Favresse 39, 1310 La Hulpe.Company details
- What does HUB & SPOKE do?
- According to the KBO register, the main activity is other professional, scientific and technical activities (NACE 74999).
- What is the legal form of HUB & SPOKE?
- HUB & SPOKE is a private limited company (BV).
- When was HUB & SPOKE founded?
- HUB & SPOKE was founded on 18-12-2012.
- Is HUB & SPOKE still active?
- Yes, HUB & SPOKE is an active enterprise in the KBO register.
- What is the turnover of HUB & SPOKE?
- The turnover of HUB & SPOKE was €143,280 in financial year 2025, according to the filed annual accounts.Financials
- Is HUB & SPOKE profitable?
- In financial year 2025, HUB & SPOKE made a profit of €22,635.
- Where can I find the annual accounts of HUB & SPOKE?
- HUB & SPOKE filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HUB & SPOKE due?
- HUB & SPOKE must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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