iCUBES

Active

Public limited companyfounded 2007active for 19 yearsTechnologiepark-Zwijnaarde 122, 9052 Gent, Belgium21 active companies are registered at this addressKBO/BCE: BE 0887.884.253

From the official registers: KBO 19 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

iCUBES has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385,085 and a net result of -€152,655. Equity is shrinking by about 11% per year across the filed financial years. Its solvency ranks better than 39% of 10,789 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

iCUBESActiveChecked score 92/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 12-03-2007 Normal situation
Legal form: Public limited company
Registered office: Technologiepark-Zwijnaarde 122, 9052 Gent
Activity: Business and other management consultancy NACE 70200
Establishment unit: 2.236.820.097 9052 Gent, since 12-03-2007
Financial year end: 31 December
Peppol: Reachable since 21-10-2026

Company details

Who decides

Board

IMECDirector · since 23-11-2018
Frank Van GoethemDirector · since 27-06-2024
Participatiemaatschappij VlaanderenDirector · since 27-06-2024 · permanent representative Feya Smets
Provinciale Ontwikkelingsmaatschappij Oost-VlaanderenDirector · since 27-06-2024 · permanent representative Dieter Geenens

Auditor: Bogaert & Bosmans Bedrijfsrevisoren BV

Shareholders

Board & ownership

How it is doing

92 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Gross margin: -€133,582; ▼ 240%
Loss: €152,655; ▲ 218%
Equity: €385,085; ▼ 28.4%
Total assets: €969,457; ▲ 17.5%

Turnover not published (abbreviated or micro format)Net result -218%: other schema2025 accounts 14 days early

Filed on 17-07-2026at the National Bank

Financials

Why 92raises riskLoss of €152,655, the second in a row (financial year 2025)lowers riskSize: total assets €969,457Sector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 2.36, cash €550,587Show the evidence

Checked score

Score 2025

92 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 33% of its sector peers (NACE 70, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 65-25

equity 39.7% of total assets

Liquidity 80-5

short-term debt 42.4% · cash 56.8%

Profitability 0-23

return on assets -15.7%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (48,516 companies, NACE 70, micro)

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 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%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged 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%▲ +0.1 percentage points vs 07-2026highest value 09-2026: 0.1%● unchanged vs 08-2026highest value 10-2026: 0.1%● unchanged vs 09-2026highest value

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.36, compared with 2.87 in 2024, above the usual 1.5; short-term debt: 42.4% and cash: 56.8% of total assets), but 60.3% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 70, micro): better than 38% on solvency, 71% on liquidity, 4% on profitability and 19% on growth.

The bankruptcy probability was computed on 31-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Loss of €152,655, the second in a row (financial year 2025)

NBB · annual accounts

Size: total assets €969,457

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Sector: Activities of head offices; management consultancy activities (NACE 70)

KBO

Liquidity: current ratio 2.36, cash €550,587

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€152,655

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

14 days early

2024

3 days early

2023

28 days early

2022

7 days early

2021

26 days early

2020

36 days early

2019

28 days 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 20 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Result fell in 2025different schema filed ▼ 218% View
Caution: Among the weakest 5% on net resultsector median €37,700 · 10,789 companies -€152,655 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Caution: 2 loss-making years in a rowloss financial year 2025 -€152,655 View

Documents

Key facts about iCUBES

What is the company number of iCUBES?: 0887.884.253. In Belgium the VAT number is the company number with BE in front: BE 0887.884.253.
Where is iCUBES based?: The registered office is at Technologiepark-Zwijnaarde 122, 9052 Gent.Company details
What does iCUBES do?: According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of iCUBES?: Public limited company (NV).
When was iCUBES founded?: On 12-03-2007.
Is iCUBES still active?: Yes, iCUBES is an active enterprise in the KBO register.
What is the turnover of iCUBES?: The annual accounts for financial year 2025 state no turnover: the abbreviated or micro format does not require it.Financials
Is iCUBES profitable?: In financial year 2025, iCUBES made a loss of €152,655.
Where can I find the annual accounts of iCUBES?: iCUBES filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of iCUBES due?: By 31-07-2027, for financial year 2026.Timeline