Equity
-€24,186
Debts exceed assets in financial year 2025.
QUBUZ
Lifetime
6 annual accounts with figures on one time axispeak €229,589 (2022)
-€62,997▼ €186,748
lowest -€67,722 (2025)
-€67,722▼ €157,984
peak €314,091 (2022)
-€24,186▼ €67,722
€182,690▼ 29.5%
Board5 names since 2019
2 directorsKarure and 1 other
Owners2 names in the annual accounts
70%Karure and 1 other
Documentsfilings and deeds
05-01-20265 days late
2025micro format
Gross margin from €123,751 to -€62,997Loss of €67,7222 directors appointed, 2 resignations 04-02Equity from €43,536 to -€24,186Debts from €259,050 to €182,690Cash from €182,541 to €60,256
Key points
from the 2025 annual accountsResult
-€67,722 -€67,722
From profit to loss in 2025, after a profit of €90,262 in 2024.
Debts
€182,690 115% of the balance sheet
Suppliers 48%Taxes and wages 0%Other 52%
Of this, €149,911 falls due within a year.
2025 accounts filed 5 days after the deadlineTurnover not published (abbreviated or micro format)
Checked score
53
Fair
Financially stronger than 10% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
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%▲ +0.1 percentage points 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%▼ -0.1 percentage points vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: 0.1%▲ +0.1 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.4%▲ +0.3 percentage points vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.7 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026
08-2026: 1.1%● unchanged vs 07-2026
09-2026: 1.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 1.1%▼ -0.1 percentage points vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€24,186
1 change of registered office in 24 months
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €158,504
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 70, micro). It does better than 7% of them on solvency, 28% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-05-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 6,008 companies had the same profile as QUBUZ has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of QUBUZ itself is lower: 1.1% within 12 months. It rests on far more data about QUBUZ than the profile alone.
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 6,008 companies, not a prediction for QUBUZ. 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
No credit on open account
Liquidity is tight, with a current ratio of 1.06 (1.17 in 2024), below the usual 1.5. Short-term debt is 94.6% and cash 38% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€24,186
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 05-01-2026, 5 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 · 6 filingsDeviation from the deadline
2025
5 days late
2024
118 days early
2023
26 days early
2022
16 days early
2021
4 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 27 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-05-2026 is due by 31-12-2026. Nothing is late today. The company usually files around 15 December (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-05-2026 year end10-11-2026 today31-12-2026 deadline
Recent changes
Company renamed from JUKTA to QUBUZ
Registered office moved within Poperinge · New registered office: Casselstraat 27, 8970 Poperinge · Previous registered office: Hofstraat 2, 8970 Poperinge · General meeting of 28-04-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0725700946
2 directors appointed, 2 resignations
Resignations: KLAAS PIL and B & V PROJECT · Permanent representatives: PIL Klaas, BUSEYNE Jurgen and QUINTEN Pedro · Appointments: Karure and Que Passa · General meeting of 29-11-2024 · Gazette deed
Capital increase of €12,400 to €18,600
Capital from €6,200 to €18,600 · Contributions: BUSEYNE Jurgen (€6,200); PIL Klaas (€6,200) · General meeting of 29-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| QUBUZ Poperinge | €158,504 | -€62,997 | -15.3% | - |
| Sunny Side Up Kasterlee | €155,172 | -€5,456 | 95.9% | - |
| ChallengerZ Antwerp | €154,661 | -€86,183 | 5.4% | - |
| Elovigo Namur | €150,682 | -€7,482 | 28.2% | - |
| ADVISABELLA Lier | €149,513 | -€1,872 | 94.2% | - |
| TSUBA INVEST Uccle | €149,095 | -€2,249 | -65.7% | - |
| Katsup Consult Ixelles | €157,701 | -€19,515 | 99.5% | - |
These companies have the same main activity as QUBUZ: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €149,000 and €158,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 25-04-2019Normal situation
- Activity
- Business and other management consultancyNACE 70200and 3 others
- Establishment unit
- 2.289.264.3368970 Poperinge, since 25-04-2019
- Financial year end
- 31 May
- Peppol
- Reachable since 21-08-2025
Insights on QUBUZ
QUBUZ files the micro format. That format states no turnover. The gross margin fell from €67,257 in 2020 to -€62,997 in 2025.
Karure holds 70% of 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 QUBUZ
- What is the company number of QUBUZ?
- The company number of QUBUZ is 0725.700.946. The VAT number is the same number with BE in front: BE 0725.700.946.
- Where is QUBUZ based?
- The registered office is at Casselstraat 27, 8970 Poperinge.Company details
- What does QUBUZ do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of QUBUZ?
- QUBUZ is a private limited company (BV).
- When was QUBUZ founded?
- QUBUZ was founded on 25-04-2019.
- Is QUBUZ still active?
- Yes, QUBUZ is an active enterprise in the KBO register.
- What is the turnover of QUBUZ?
- The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.Financials
- Is QUBUZ profitable?
- In financial year 2025, QUBUZ made a loss of €67,722.
- Where can I find the annual accounts of QUBUZ?
- QUBUZ filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of QUBUZ due?
- QUBUZ must file the annual accounts for financial year 2026 by 31-12-2026.Timeline
Next steps
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