INTERCUB
ActiveSummary
INTERCUB has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-89k) and a net result of €-141k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 12% of 238 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
37
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-10
Solvency14▼-17
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 1.96 against 2.37 in 2024; short-term debt: 44.8% and cash: 12.8% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five 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 31
Relative position
BE, all sectors
reference
Sector 31
higher
← 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
-10.7%
Return on assets
-17%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1920212223232425
2019 to 2025 · latest year €-89k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
6 d early
2023
2 d early
2023
21 d late
2022
6 d early
2021
53 d late
2020
37 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-89k
2024 · €52k
2019: €34k
2020: €101k
2021: €99k
2022: €100k
2023: €105k
2023: €115k
2024: €52k
2019 → 2025
Total assets
€826k▼ 10.9%
2024 · €927k
2019: €1.52M
2020: €1.39M
2021: €1.21M
2022: €1.20M
2023: €1.15M
2023: €1.00M
2024: €927k
2019 → 2025
Net result
€-141k▼ 124%
2024 · €-63k
2019: €-260k
2020: €67k
2021: €-2k
2022: €1k
2023: €5k
2023: €10k
2024: €-63k
2019 → 2025
Working capital
€354k▼ 27.7%
2024 · €490k
2019: €-169k
2020: €-78k
2021: €-68k
2022: €452k
2023: €497k
2023: €533k
2024: €490k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202320242025Trend
Equity€100k-€105k▲ 5.2%€115k▲ 9.3%€52k▼ 54.6%€-89k
Operating result€17k-€-17k€31k€-41k€-117k▼ 186%
Net result€1k-€5k▲ 278%€10k▲ 90.1%€-63k€-141k▼ 124%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €826k
Fixed assets
€102k ▲ 30.3%
Current assets
€724k ▼ 14.7%
Key figures and ratios
EBITDA
€-95k▼
2024 · €-17k
Cash flow
€-119k▼
2024 · €-40k
Solvency
-10.7%▼
2024 · 5.6%
Current ratio
1.96▼
2024 · 2.37
Quick ratio
1.22▼
2024 · 1.43
Debt to equity
-10.32▼
2024 · 16.78
ROA
-17.0%▼
2024 · -6.8%
Interest coverage
-3.56▼
2024 · -0.73
Debt
€914k▲
2024 · €874k
Debt ≤ 1 year
€369k▲
2024 · €358k
Debt > 1 year
€528k▲
2024 · €500k
Income taxes
€168▼
2024 · €171
Staff costs
€132k▼
2024 · €137k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€927k€826k▼
Fixed assets21/28€78k€102k▲
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€74k€98k▲
Land and buildings22€48k€48k▼
Plant, machinery and equipment23€25k€15k▼
Furniture and vehicles24€798€35k▲
Financial fixed assets28€258€258=
Current assets29/58€848k€724k▼
Stocks and contracts in progress3€335k€273k▼
Stocks30/36€245k€223k▼
Contracts in progress37€90k€50k▼
Amounts receivable within one year40/41€284k€335k▲
Trade receivables40€284k€327k▲
Other amounts receivable41€693€8k▲
Cash at bank and in hand54/58€222k€105k▼
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€927k€826k▼
Equity10/15€52k€-89k▼
Contributions10/11€19k€19k=
Reserves13€34k€34k=
Distributable reserves133€34k€34k=
Profit (loss) carried forward14-€-141k
Amounts payable17/49€874k€914k▲
Amounts payable after more than one year17€500k€528k▲
Financial debts170/4-€28k
Other amounts payable178/9€500k€500k=
Amounts payable within one year42/48€358k€369k▲
Current portion of amounts payable after more than one year42-€8k
Financial debts43€250k€250k=
Credit institutions430/8€250k€250k=
Trade debts44€35k€78k▲
Suppliers440/4€35k€78k▲
Taxes, remuneration and social security45€21k€15k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€18k€13k▼
Other amounts payable47/48€52k€18k▼
Accrued charges and deferred income492/3€16k€16k▲
Income statement
Code20242025
Non-recurring operating income76A€18k-
Remuneration, social security and pensions62€137k€132k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€21k▼
Other operating charges640/8€12k€12k▼
Gross operating margin9900€132k€49k▼
Operating profit (loss)9901€-41k€-117k▼
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€24k€27k▲
Recurring financial charges65€24k€27k▲
Profit (loss) for the period before taxes9903€-63k€-141k▼
Income taxes67/77€171€168▼
Profit (loss) for the period9904€-63k€-141k▼
Profit (loss) for the period to be appropriated9905€-63k€-141k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-63k€-141k▼
Transfer from equity791/2€63k-
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
01-01
Financial
Equity above €100kEq €105k ▲5.2%
2 profitable years in a row build equity to €105k.
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
01-01
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2021
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 53 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
01-01
Financial
Back to profitnet €67k
Net result €67k after one loss-making year.
01-01
Financial
Equity above €100kEq €101k ▲198%
Equity rises from €34k to €101k.
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Liedekerke · 1 establishment unit since 1992
Ground area
2,370 m²
Building footprint
1,326 m²
Volume, LiDAR
5,234 m³
Parcel 23044A0065/00V002, Flanders · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
INTERCUB
since 19922.031.249.482
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23044A0065/00V002 | Flanders | 2,370 m² | 1 · 1,326 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,023 EUR awarded · 861 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 85 EUR | 85 EUR |
| 2024 | 1 | 236 EUR | 74 EUR |
| 2023 | 1 | 0 EUR | 702 EUR |
| 2022 | 1 | 702 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,499 companies in sector 31004 we hold annual accounts for 621. 437 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-10-1987
Fiscal year end31-12
Activities, NACEBEL 2025
31004Manufacture of dining room, living room, bedroom and bathroom furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.