INTERCUB

Active Private limited companyfounded 1987active for 39 yearsNijverheidszone 'Begijnenmeers' 33, 1770 LiedekerkeKBO/BCE: BE 0432.382.151 subsidiary of .#6 oldest company in Flemish Brabant, Furniture sector

INTERCUB

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 14-08-2026, 14 days late

€48,712

▼ 63.0%

-€116,577

▼ €75,887

-€140,703

▼ €77,940

€354,079

▼ 27.7%

-10.7%

▼ 16.4 percentage points

1.96

▼ 0.41

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €170,000. Estimated: probably between €93,000 and €330,000.

In the rankings #6 oldest company in Flemish Brabant, Furniture sector

Balance sheet

balance sheet total €825,503 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

-10.7%

Higher than 12% of 285 companies in 2025.

1.96

Higher than 55% of 274 companies in 2025.

-17.0%

Higher than 8% of 281 companies in 2025.

INTERCUB Middle half of the sector 80% of the sector Abbreviated accounts in furniture (NACE 31)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half · Staff: bottom quarter

Staff

€65,754

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Training hours in 2025: 24.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	825,503	926,569	1.0m	1.2m	1.2m	1.4m	1.5m	1.6m	1.6m	1.6m	1.4m	1.1m	1.7m	1.6m	1.6m	1.5m	1.5m	1.2m	1.4m
`21/28`	101,989	78,300	97,650	165,103	197,493	240,672	287,495	303,706	238,039	268,273	237,238	277,531	365,862	369,578	408,392	472,552	459,473	248,064	285,302
`21`	3,480	3,849	4,498	7,346	12,720	19,424	26,350	4,435	5,987	4,414	-	-	-	-	-	-	-	-	-
`22/27`	98,250	74,193	92,894	157,498	184,515	220,990	260,887	299,013	231,934	263,741	237,119	277,413	333,066	369,460	408,274	472,434	459,355	247,945	285,184
`22`	47,979	48,172	56,220	94,958	115,894	136,830	158,152	180,057	193,720	214,274	198,188	216,415	247,032	280,358	312,039	347,921	305,960	150,644	170,300
`23`	14,773	25,223	35,673	57,571	68,621	79,671	90,721	98,373	8,197	18,679	29,857	43,397	56,936	67,724	92,386	118,892	146,564	90,130	110,108
`24`	35,498	798	1,001	4,969	0	1,455	5,944	11,479	17,878	30,788	9,074	17,601	29,098	21,378	3,849	5,621	6,831	7,171	4,776
`28`	258	258	258	258	258	258	258	258	118	118	118	118	32,795	118	118	118	118	119	118
`29/58`	723,514	848,269	906,514	1.0m	1.0m	1.1m	1.2m	1.3m	1.4m	1.4m	1.1m	857,291	1.3m	1.2m	1.2m	1.0m	1.0m	984,465	1.1m
`3`	273,263	334,502	374,970	371,718	339,928	392,657	587,719	619,856	529,640	583,437	379,187	380,146	371,353	314,493	286,133	321,348	268,658	168,860	189,169
`30/36`	223,263	244,502	235,938	288,116	261,116	310,471	417,813	414,998	360,786	403,775	223,839	198,827	205,131	195,596	201,280	229,252	164,980	91,184	98,521
`37`	50,000	90,000	139,033	83,603	78,812	82,185	169,906	204,857	168,854	179,662	155,347	181,318	166,222	118,898	84,853	92,096	103,678	77,676	90,648
`40/41`	334,779	284,478	321,592	604,912	532,518	635,302	580,799	481,768	540,921	616,280	526,569	245,207	364,603	265,590	367,584	229,474	208,617	214,298	152,521
`40`	327,216	283,784	312,703	593,762	520,352	609,966	499,527	405,398	508,185	549,858	435,549	197,073	282,638	240,572	331,846	219,829	196,369	213,959	134,147
`41`	7,563	693	8,889	11,150	12,166	25,336	81,272	76,370	32,736	66,422	91,020	48,135	81,965	25,018	35,738	9,645	12,248	339	18,374
`50/53`	-	-	-	-	-	-	15,000	31,000	31,000	31,000	31,000	64,801	33,480	63,480	63,480	62,621	-	378,687	400,000
`54/58`	105,416	222,079	201,432	54,951	132,431	91,813	37,215	102,670	252,169	83,936	171,551	155,080	533,487	575,296	498,459	407,802	529,524	212,379	338,274
`490/1`	10,057	7,210	8,520	7,348	8,581	29,032	12,512	36,169	44,718	45,580	5,899	12,058	-	5,043	1,116	-	10,090	10,241	1,941
Balance sheet: equity and liabilities
`10/49`	825,503	926,569	1.0m	1.2m	1.2m	1.4m	1.5m	1.6m	1.6m	1.6m	1.4m	1.1m	1.7m	1.6m	1.6m	1.5m	1.5m	1.2m	1.4m
`10/15`	-88,580	52,123	114,887	99,896	98,530	100,626	33,740	293,999	344,905	322,446	318,666	503,901	1.0m	924,445	847,313	824,161	768,318	690,046	616,021
`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`100`	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
`13`	33,531	33,531	96,294	81,304	79,938	275,407	275,407	275,407	326,313	303,854	300,074	485,309	828,722	828,722	805,569	749,726	671,454	597,429	532,160
`130/1`	-	-	-	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
`1311`	-	-	-	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	-	-	-	-	-	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250	56,250
`133`	33,531	33,531	96,294	79,445	78,079	217,298	217,298	217,298	268,203	245,745	241,965	427,200	770,613	770,613	747,460	691,617	613,345	539,320	474,051
`14`	-140,703	-	-	-	-	-193,373	-260,259	-	-	-	-	-	175,101	77,131	23,152	55,843	78,272	74,025	65,269
`17/49`	914,083	874,446	889,278	1.1m	1.1m	1.3m	1.5m	1.3m	1.3m	1.3m	1.0m	630,921	646,370	669,035	777,851	669,636	708,044	542,483	751,186
`17`	528,248	500,000	500,000	500,000	12,043	35,333	70,947	118,344	75,855	92,325	-	-	9,988	45,455	67,311	103,994	148,342	28,650	59,188
`170/4`	28,248	-	-	-	12,043	35,333	70,947	118,344	75,855	92,325	-	-	9,988	45,455	67,311	103,994	148,342	28,650	59,188
`178/9`	500,000	500,000	500,000	500,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	369,435	358,362	373,448	586,560	1.1m	1.2m	1.4m	1.1m	1.2m	1.2m	1.0m	627,402	636,381	623,579	708,540	563,642	557,702	509,838	689,998
`42`	7,550	-	-	12,043	23,290	35,614	47,395	49,452	31,420	28,081	-	9,988	41,717	47,244	36,683	44,348	55,508	29,573	33,014
`43`	250,000	250,000	250,000	254,716	264,776	267,041	287,714	301,986	284,825	260,417	250,000	13,000	-	-	-	-	-	-	-
`430/8`	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	250,000	-	-	-	-	-	-	-	-
`439`	-	-	-	4,716	14,776	17,041	37,714	51,986	34,825	10,417	-	13,000	-	-	-	-	-	-	-
`44`	78,250	34,748	36,958	194,811	190,847	223,533	562,145	334,047	320,974	389,591	283,401	164,849	224,512	198,242	265,270	254,658	212,177	179,277	421,149
`440/4`	78,250	34,748	36,958	194,811	190,847	223,533	562,145	334,047	320,974	389,591	283,401	164,849	224,512	198,242	265,270	254,658	212,177	179,277	421,149
`46`	-	-	-	-	-	1,941	-	-	89,140	161,389	173,781	152,220	164,467	222,786	213,393	121,300	93,902	136,945	176,500
`45`	15,154	21,348	20,644	44,186	63,749	63,397	82,956	105,558	133,809	79,988	122,515	149,525	175,685	125,656	163,771	116,090	146,669	114,597	33,886
`450/3`	2,186	3,083	2,924	10,943	25,069	16,625	8,227	6,925	15,929	1,791	10,175	31,950	47,619	48,118	51,408	18,204	36,192	17,276	6,588
`454/9`	12,967	18,265	17,720	33,243	38,681	46,773	74,729	98,632	117,880	78,197	112,340	117,575	128,065	77,538	112,363	97,886	110,477	97,321	27,298
`47/48`	18,481	52,266	65,845	80,803	538,425	635,688	422,042	358,129	344,247	286,811	200,000	137,820	30,000	29,651	29,423	27,246	49,446	49,446	25,449
`492/3`	16,399	16,084	15,831	17,576	19,290	26,302	13,801	13,655	11,312	7,458	3,080	3,519	-	-	2,000	2,000	2,000	3,995	2,000
Income statement
`76A`	-	17,504	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	966	-
`9900`	48,712	131,715	240,283	408,136	455,277	540,303	489,822	911,215	1.1m	1.1m	1.0m	1.1m	1.2m	1.1m	855,645	936,867	977,813	958,570	814,603
`62`	131,508	136,864	162,328	339,125	376,388	394,779	665,515	884,895	1.0m	1.0m	935,857	992,401	966,280	865,993	745,740	792,509	780,839	727,222	654,290
`630`	21,476	23,204	33,244	39,683	43,179	46,823	46,079	46,086	44,279	40,203	44,497	55,654	70,256	71,947	65,254	62,991	80,698	59,173	72,166
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	10,488	-	-	-	915	-
`640/8`	12,305	12,337	13,422	11,878	12,425	10,632	15,410	13,261	12,161	11,906	12,944	13,116	14,023	16,834	17,401	11,453	15,301	13,619	7,502
`66A`	-	-	-	-	-	-	10,285	-	-	-	-	17,742	-	6,920	-	1,239	6,052	10,860	-
`9901`	-116,577	-40,690	31,288	17,449	23,285	88,070	-247,467	-33,027	53,315	14,792	24,333	45,367	158,773	122,881	27,250	69,914	100,975	157,641	80,645
`75/76B`	2,760	2,192	3,488	948	4,049	3,162	4,620	1,954	4,225	8,691	7,353	21,288	4,126	15,090	8,722	7,945	26,725	16,627	12,066
`75`	2,760	2,192	3,488	948	4,049	3,162	4,620	1,954	4,225	8,691	7,353	21,288	4,126	15,090	8,722	7,945	26,725	16,627	12,066
`65/66B`	26,719	24,094	24,725	16,183	19,734	18,668	16,491	18,811	18,088	12,713	9,965	9,190	9,379	9,265	13,922	14,423	15,313	11,816	5,681
`65`	26,719	24,094	24,725	16,183	19,734	18,668	16,491	18,811	18,088	12,713	9,965	9,190	9,379	9,265	13,922	14,423	15,313	11,816	5,681
`9903`	-140,535	-62,592	10,051	2,213	7,600	72,564	-259,337	-49,884	39,452	10,770	21,722	39,723	153,520	121,785	22,050	62,197	106,335	152,558	87,030
`67/77`	168	171	229	848	9,695	5,678	922	1,021	16,993	6,990	6,957	18,237	25,550	14,654	-1,102	30,354	28,063	54,533	21,761
`9904`	-140,703	-62,763	9,823	1,366	-2,096	66,886	-260,259	-50,905	22,458	3,780	14,765	21,486	127,970	107,131	23,152	31,843	78,272	98,025	65,269
`789`	-	-	-	-	56,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`9905`	-140,703	-62,763	9,823	1,366	54,154	66,886	-260,259	-50,905	22,458	3,780	14,765	21,486	127,970	107,131	23,152	31,843	78,272	98,025	65,269
Appropriation of the result
`9906`	-140,703	-62,763	9,823	1,366	-139,219	-193,373	-260,259	-50,905	22,458	3,780	14,765	196,587	205,101	130,284	78,995	110,115	152,297	163,294	115,432
`791/2`	-	62,763	-	-	139,219	-	-	50,905	-	-	185,235	540,000	-	-	-	24,000	-	-	-
`691/2`	-	-	9,823	1,366	-	-	-	-	22,458	3,780	-	196,587	-	23,152	55,843	78,272	74,025	65,269	50,163
`6921`	-	-	9,823	1,366	-	-	-	-	22,458	3,780	-	196,587	-	23,152	55,843	78,272	74,025	65,269	50,163
`694/7`	-	-	-	-	-	-	-	-	-	-	200,000	540,000	30,000	30,000	-	-	-	24,000	-
`694`	-	-	-	-	-	-	-	-	-	-	200,000	540,000	-	-	-	-	-	24,000	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	30,000	30,000	-	-	-	-	-
Social balance sheet
`9087`	2	2	2.8	5.6	7	8.5	13.5	16.8	19.9	20.9	20.2	20.3	19.4	18.8	18.2	18	18.5	16.9	16.3
Hours worked`1013`	3,065	3,441	4,597	8,809	9,646	11,353	18,962	25,693	31,146	32,838	31,093	32,985	32,451	29,315	27,073	28,700	29,589	27,938	27,056
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The accounts for 17 older financial years (1988-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-08-2026.

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Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 14 days after the deadline. Filed on 14 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00398933.

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	14-08-2026	2026-00398933	PDF
31-12-2024	abbreviated format	25-07-2025	2025-00318633	PDF
31-12-2023	abbreviated format	29-07-2024	2024-00306277	PDF
01-01-2023	abbreviated format	22-08-2023	2023-00349478	PDF
01-01-2022	abbreviated format	26-07-2022	2022-20232965	PDF
01-01-2021	abbreviated format	23-09-2021	2021-68200288	PDF
01-01-2020	abbreviated format	25-06-2020	2020-21000210	PDF
01-01-2019	abbreviated format	22-08-2019	2019-49300157	PDF
01-01-2018	abbreviated format	27-07-2018	2018-40500174	PDF
01-01-2017	abbreviated format	28-06-2017	2017-23900346	PDF
01-01-2016	abbreviated format	02-08-2016	2016-39500058	PDF
31-12-2014	abbreviated format	28-07-2015	2015-35700461	PDF
31-12-2013	abbreviated format	28-08-2014	2014-51100113	PDF
31-12-2012	abbreviated format	01-07-2013	2013-25000360	PDF
31-12-2011	abbreviated format	24-08-2012	2012-45100481	PDF
31-12-2010	abbreviated format	15-07-2011	2011-31100393	PDF
31-12-2009	abbreviated format	01-07-2010	2010-24200193	PDF
31-12-2008	abbreviated format	23-07-2009	2009-44700312	PDF
31-12-2007	abbreviated format	30-06-2008	2008-30300312	PDF
31-12-2006	abbreviated format	27-07-2007	2007-47500150	PDF
01-01-2006	abbreviated format	14-06-2006	2006-25400404	PDF
01-01-2005	abbreviated format	14-07-2005	2005-49001482	PDF
31-12-2003	abbreviated format	07-10-2004	2004-72502672	PDF
01-01-2003	abbreviated format	09-07-2003	2003-41704100	PDF
01-01-2002	abbreviated format	15-07-2002	2002-37800286	PDF
01-01-2001	abbreviated format	12-07-2001	2001-37101742	PDF
01-01-2000	abbreviated format	11-08-2000	2000-51000990	PDF
01-01-1999	abbreviated format	01-10-1999	1999-50701865	PDF
01-01-1998	abbreviated format	13-07-1998	1998-32001441	PDF
01-01-1997	abbreviated format	14-07-1997	1997-30003562	PDF
31-12-1995	abbreviated format	16-07-1996	1996-34500238	PDF
30-09-1994	abbreviated format	31-03-1995	1995-05103017	PDF
30-09-1993	abbreviated format	27-05-1994	1994-10500846	PDF
30-09-1992	abbreviated format	20-08-1993	1993-32900542	PDF
30-09-1991	abbreviated format	19-08-1993	1993-32401881	PDF
30-09-1990	abbreviated format	20-12-1991	1991-33302894	PDF
30-09-1989	abbreviated format	10-05-1990	1990-04204874	PDF
30-09-1988	abbreviated format	16-06-1989	1989-08805334	PDF

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €1,023 awarded, €861 paid

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

€1,023

Year	Entries	Awarded	Paid
2025	1	€85	€85
2024	1	€236	€74
2023	1	€0	€702
2022	1	€702	€0

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2014	2013	2012	2011	2010	2009	2008	2007	2006
-95,101	-17,486	64,532	57,132	66,464	134,893	-201,388	13,059	97,594	54,995	68,830	101,021	229,029	194,828	92,504	132,905	181,673	216,814	152,811
-119,227	-39,559	43,067	41,048	41,084	113,708	-214,181	-4,819	66,737	43,983	59,261	77,140	198,226	179,078	88,406	94,834	158,970	157,198	137,435
45,165	3,854	5,687	7,292	0	0	29,868	117,742	21,433	71,238	40,178	-32,677	71,419	34,371	1,094	77,309	292,968	43,170	-
-116,664	20,648	146,481	-77,481	40,619	54,597	-65,454	-149,499	168,233	-	16,471	-378,408	-41,809	76,837	90,657	-121,722	317,145	-125,895	-
354,079	489,907	533,067	452,370	-67,629	-78,411	-169,006	122,292	194,033	153,956	84,508	229,889	666,542	600,323	508,232	457,603	459,187	474,627	391,907
-10.7%	5.6%	11.4%	8.3%	8.1%	7.2%	2.2%	18.7%	21.1%	19.8%	23.6%	44.4%	61.3%	58.0%	52.1%	55.2%	52.0%	56.0%	45.1%
1.96	2.37	2.43	1.77	0.94	0.94	0.88	1.11	1.16	1.13	1.08	1.37	2.05	1.96	1.72	1.81	1.82	1.93	1.57
1.22	1.43	1.42	1.14	0.62	0.62	0.46	0.57	0.72	0.64	0.71	0.76	1.46	1.46	1.31	1.24	1.34	1.60	1.29
-	16.78	7.74	11.05	11.29	12.81	44.07	4.36	3.74	4.05	3.24	1.25	0.63	0.72	0.92	0.81	0.92	0.79	1.22
-	-120.4%	8.5%	1.4%	-2.1%	66.5%	-771.4%	-17.3%	6.5%	1.2%	4.6%	4.3%	12.5%	11.6%	2.7%	3.9%	10.2%	14.2%	10.6%
-17.0%	-6.8%	1.0%	0.1%	-0.2%	4.8%	-17.1%	-3.2%	1.4%	0.2%	1.1%	1.9%	7.7%	6.7%	1.4%	2.1%	5.3%	8.0%	4.8%
-3.56	-0.73	2.61	3.53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	01-01-2023	01-01-2022
Employees at the balance-sheet date	2	2	2	4	4
full-time	2	2	2	4	4
in full-time equivalents	2	2	2	4	4
	2	2	2.8	4	5.6
On a permanent contract	2	2	2	4	4
Joined	-	-	2	-	0
Left	-	-	4	-	3
Training hours	24	28	-	-	-

Source: social balance sheet in the 2022 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	01-01-2023	01-01-2022
Tangible fixed assets	€44,491	€3,598	€1,187	-	€7,292
Intangible fixed assets	€674	€256	€4,500	-	-
	€21,476	€23,204	€33,244	€39,895	€39,683

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on INTERCUB

The operating result for 2025 is a loss of €116,577, larger than the loss of €40,690 in 2024. It is the lowest result since 2019.

Equity is negative. Debt (€914,083) exceeds the balance-sheet total (€825,503).

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency-10.7%

Current ratio1.96

Return on assets-17.0%

Staff

Staff cost per FTE€65,754

Joined and left

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €1,023 awarded, €861 paid

Key figures and ratios

Social balance sheet

Investments

Insights on INTERCUB

Next steps

in euro

in euro

-10.7%

1.96

-17.0%

€65,754