Checked.be
Active
BE 0538.545.780Private limited company
I-CUBE
Rue du Fond Cattelain 1 ·1435 Mont-Saint-Guibert, Belgium· 12 yrs active
Sector: Development of residential building projects
(68121)
Conclusion
I-CUBE has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €364k and a net result of €98k. Equity is growing by ~35.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 13549 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €364k |
| Net result | €98k |
| Better than sector | 49% |
| Active | 12 yrs |
Financial profile
86
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
65
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
86
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€30k
estimate, not credit advice
Score history
36
2021
15
2022
71
2023
51
2024
86
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.90 (≥ 1.5)
+10
Profitability
ROE 27% (≥ 10%)
+10
Interest coverage
Interest coverage 8.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~35.1%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 28.1% | 29.9% | |
| Net result | €98k | €6k | |
| Equity | €364k | €79k | |
| Gross operating margin | €203k | €41k | |
| Total assets | €1.29M | €416k |
€195k
+253.5%
21-25
€98k
+4830.4%
21-25
€127k
+242.5%
21-25
€1.29M
-2.8%
21-25
€364k
+36.9%
21-25
€171k
+927.6%
21-25
€32k
+3082.6%
21-25
€873k
-14.4%
21-25
€191k
-12.9%
21-25
€679k
-15.0%
21-25
1.90
+76.2%
21-25
0.72
+23.0%
21-25
28.1%
+40.9%
21-25
2.40
-37.5%
21-25
26.9%
+3501.7%
21-25
7.6%
+4973.9%
21-25
8.04
+154.2%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €195k | €55k | €267k | €48k | €62k |
| Net profit | €98k | €2k | €158k | €-10k | €8k |
| Cash flow | €127k | €37k | €193k | €32k | €47k |
| Staff costs | - | - | - | - | - |
| Income taxes | €32k | €1k | €8k | - | €760 |
| Dividends | - | - | - | - | - |
| Total assets | €1.29M | €1.33M | €1.39M | €1.51M | €891k |
| Equity | €364k | €266k | €264k | €106k | €115k |
| Debt | €873k | €1.02M | €1.08M | €1.41M | €776k |
| of which ≤ 1y | €191k | €220k | €234k | €395k | €248k |
| of which > 1y | €679k | €799k | €846k | €1.01M | €528k |
| Working capital | €171k | €17k | €27k | €-324k | €-173k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.90 | 1.08 | 1.11 | 0.18 | 0.30 |
| Quick ratio | 0.72 | 0.59 | 0.80 | 0.09 | 0.19 |
| Working capital ratio | 13.2% | 1.3% | 1.9% | -21.4% | -19.4% |
| Solvency | 28.1% | 20.0% | 19.0% | 7.0% | 12.9% |
| Debt / equity | 2.40 | 3.84 | 4.10 | 13.33 | 6.73 |
| Long-term debt ratio | 1.87 | 3.01 | 3.21 | 9.56 | 4.58 |
| Interest coverage | 8.04 | 3.16 | 13.00 | 2.94 | 4.24 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 7.6% | 0.1% | 11.4% | -0.6% | 0.9% |
| ROE | 26.9% | 0.7% | 60.0% | -9.3% | 6.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.29M | €1.33M | €1.39M | €1.51M | €891k |
| Fixed assets | 21/28 | €930k | €1.09M | €1.13M | €1.44M | €817k |
| Tangible fixed assets | 22/27 | €929k | €1.09M | €1.13M | €1.44M | €817k |
| Financial fixed assets | 28 | €1k | €601 | €1 | €1 | €1 |
| Current assets | 29/58 | €362k | €236k | €261k | €71k | €75k |
| Stocks & contracts in progress | 3 | €225k | €108k | €73k | €34k | €27k |
| Amounts receivable within one year | 40/41 | €7k | €39k | €32k | €27k | €29k |
| Investments | 50/53 | - | - | €100k | - | - |
| Cash & bank | 54/58 | €128k | €90k | €55k | €9k | €18k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.29M | €1.33M | €1.39M | €1.51M | €891k |
| Equity | 10/15 | €364k | €266k | €264k | €106k | €115k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k | €6k |
| Reserves | 13 | €314k | €216k | €214k | €55k | €55k |
| Accumulated profits (losses) | 14 | €44k | €44k | €44k | €44k | €54k |
| Provisions & deferred taxes | 16 | €56k | €45k | €45k | - | - |
| Amounts payable | 17/49 | €873k | €1.02M | €1.08M | €1.41M | €776k |
| Amounts payable after one year | 17 | €679k | €799k | €846k | €1.01M | €528k |
| Amounts payable within one year | 42/48 | €191k | €220k | €234k | €395k | €248k |
| Trade debts payable within one year | 44 | €80k | €2k | €18k | €43k | €52k |
| Income statement | ||||||
| Gross operating margin | 9900 | €203k | €64k | €272k | €53k | €66k |
| Operating result | 9901 | €166k | €20k | €232k | €7k | €23k |
| Financial income | 75 | €0 | €440 | €220 | €4 | €47 |
| Financial charges | 65 | €24k | €17k | €21k | €16k | €15k |
| Result before taxes | 9903 | €142k | €3k | €211k | €-10k | €8k |
| Income taxes | 67/77 | €32k | €1k | €8k | - | €760 |
| Net result for the period | 9904 | €98k | €2k | €158k | €-10k | €8k |
| Result to be appropriated | 9905 | €65k | €2k | €23k | €-10k | €8k |
Legal Structure
| NACE primary | Development of residential building projects(68121) |
| Legal form | Private limited company(610) |
| Incorporation | 11-09-2013 |
| Status | Active |
| Postal code | 1435 |
Establishment units
I-CUBE
since 20132.223.503.284
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €158k
Net result €158k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.11
Current ratio from 0.18 to 1.11; short-term debt falls from €395k to €234k.
31-12
Financial
Equity above €200kEq €264k ▲150%
Equity rises from €106k to €264k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Weakest financial yearnet €-10k ▼228%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
19-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-01
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.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Development of residential building projects68121Development of non-residential building projects68122Urban planning and landscape architecture71113
Names & trade names
| Legal nameFR | I-CUBE |
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