KUBAR
ActiveKUBAR has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122k and a net result of €45k. Its solvency ranks better than 24% of 37964 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-14
Solvency50▲+8
Growth52
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.32 in 2023; short-term debt: 41.2% and cash: 1.9% of total assets), and 75.2% of the assets are financed with debt.
Credit advice 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 37964 sector peers (2024).
NBB · sector comparisonPosition among 37964 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€122k▲ 57.9%
2023 · €77k
2023: €77k
2023 → 2024
Total assets
€491k▲ 10.1%
2023 · €446k
2023: €446k
2023 → 2024
Net result
€45k▼ 40.5%
2023 · €75k
2023: €75k
2023 → 2024
Working capital
€-152k▼ 20.2%
2023 · €-126k
2023: €-126k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€77k-€122k▲ 57.9%
Operating result€93k-€69k▼ 25.4%
Net result€75k-€45k▼ 40.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €491k
Fixed assets
€440k▲ 13.7%
Current assets
€50k▼ 14.1%
Equity and liabilities €491k
Equity
€122k▲ 57.9%
Debt
€369k=
The debt ratio falls from 82.7% to 75.2%. Equity is higher.
Key figures and ratios
EBITDA
€79k▼
2023 · €98k
Cash flow
€55k▼
2023 · €80k
Solvency
24.8%▲
2023 · 17.3%
Current ratio
0.25▼
2023 · 0.32
Quick ratio
0.25▼
2023 · 0.32
Debt / equity
3.03▼
2023 · 4.78
ROE
36.7%▼
2023 · 97.4%
ROA
9.1%▼
2023 · 16.8%
Interest coverage
5.45▼
2023 · 21.39
Debt
€369k=
2023 · €369k
Debt ≤ 1 year
€202k▲
2023 · €185k
Debt > 1 year
€167k▼
2023 · €184k
Income taxes
€10k▼
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€446k€491k▲
Fixed assets21/28€387k€440k▲
Tangible fixed assets22/27€387k€440k▲
Land and buildings22€387k€432k▲
Plant, machinery and equipment23-€8k
Current assets29/58€59k€50k▼
Amounts receivable after more than one year29-€450
Trade receivables290-€450
Amounts receivable within one year40/41€50k€41k▼
Other amounts receivable41€50k€41k▼
Cash at bank and in hand54/58€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€446k€491k▲
Equity10/15€77k€122k▲
Contributions10/11€2k€2k=
Reserves13€75k€120k▲
Distributable reserves133€75k€120k▲
Amounts payable17/49€369k€369k=
Amounts payable after more than one year17€184k€167k▼
Financial debts170/4€184k€167k▼
Amounts payable within one year42/48€185k€202k▲
Current portion of amounts payable after more than one year42€47k€61k▲
Trade debts44€19k€14k▼
Suppliers440/4€19k€14k▼
Taxes, remuneration and social security45€13k€12k▼
Taxes450/3€13k€12k▼
Other amounts payable47/48€106k€116k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€13k€880▼
Gross operating margin9900€111k€80k▼
Operating profit (loss)9901€93k€69k▼
Financial charges65/66B€5k€15k▲
Recurring financial charges65€5k€15k▲
Profit (loss) for the period before taxes9903€89k€55k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€75k€45k▼
Profit (loss) for the period to be appropriated9905€75k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€45k▼
Transfer to equity691/2€75k€45k▼
To other reserves6921€75k€45k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €122k ▲57.9%
2 profitable years in a row build equity to €122k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Middelkerke · 1 establishment unit since 2022
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Alexandre Ponchonstraat 128430 MiddelkerkeGround area
193 m²
Building footprint
110 m²
Parcel 35011B0180/00A096, Flanders. Linked by address, not a title deed.
1 establishment unit
KUBAR
since 20222.331.782.901
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011B0180/00A096 | Flanders | 193 m² | 1 · 110 m² | - |
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.
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Vital Transformation
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Of 82,546 companies in sector 70200 we hold annual accounts for 52,574. 40,850 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.