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Kubee

Active
Private limited companyfounded 2024active for 2 yearsWeibroekdreef 38, 9880 Aalter, BelgiumKBO/BCE: BE 1011.078.708
Summary

The computed 12-month bankruptcy probability of Kubee is 2.3% (moderate). The 2025 annual accounts show equity of €5,364 and a net result of €364. Its solvency ranks better than 35% of 5,590 sector peers (NACE 96, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
€5,364
Total assets
€65,751
Net result
€364
Working capital
-€15,588

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €65,751
Fixed assets €20,953
Current assets €44,798
Equity and liabilities €65,751
Equity €5,364
Debt €60,386
Debt finances 91.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€4,622
Cash flow
€2,795
Current ratio
0.74
Quick ratio
0.34
Debt to equity
11.26
ROE
6.8%
ROA
0.6%
Interest coverage
3.16
Debt ≤ 1 year
€60,386
Income taxes
€809
Staff costs
€45,720

Peer companies

Historical observation

Of the 2,135 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
5.2% went bankrupt
2.3% stopped otherwise
92% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,135 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 42 lines
Balance sheet Code2025
Assets
Total assets20/58€65,751
Fixed assets21/28€20,953
Intangible fixed assets21€5,585
Tangible fixed assets22/27€15,368
Plant, machinery and equipment23€10,312
Furniture and vehicles24€5,056
Current assets29/58€44,798
Stocks and contracts in progress3€24,383
Stocks30/36€24,383
Amounts receivable within one year40/41€9,918
Trade receivables40€5,078
Other amounts receivable41€4,839
Cash at bank and in hand54/58€7,378
Deferred charges and accrued income490/1€3,120
Equity and liabilities
Total equity and liabilities10/49€65,751
Equity10/15€5,364
Contributions10/11€5,000
Reserves13€364
Distributable reserves133€364
Amounts payable17/49€60,386
Amounts payable within one year42/48€60,386
Trade debts44€50,603
Suppliers440/4€50,603
Taxes, remuneration and social security45€9,783
Taxes450/3€1,648
Remuneration and social security454/9€8,135
Income statement Code2025
Remuneration, social security and pensions62€45,720
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,431
Other operating charges640/8€1,735
Gross operating margin9900€52,076
Operating profit (loss)9901€2,191
Financial income75/76B€446
Recurring financial income75€446
Financial charges65/66B€1,463
Recurring financial charges65€1,463
Profit (loss) for the period before taxes9903€1,174
Income taxes67/77€809
Profit (loss) for the period9904€364
Profit (loss) for the period to be appropriated9905€364
Appropriation of the result
Profit (loss) to be appropriated9906€364
Transfer to equity691/2€364
To other reserves6921€364

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€45,720
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,431
Other operating charges640/8€1,735
Gross operating margin9900€52,076
Operating profit (loss)9901€2,191
Financial income75/76B€446
Recurring financial income75€446
Financial charges65/66B€1,463
Recurring financial charges65€1,463
Profit (loss) for the period before taxes9903€1,174
Income taxes67/77€809
Profit (loss) for the period9904€364
Profit (loss) for the period to be appropriated9905€364
Line2025
Assets
Total assets20/58€65,751
Fixed assets21/28€20,953
Intangible fixed assets21€5,585
Tangible fixed assets22/27€15,368
Plant, machinery and equipment23€10,312
Furniture and vehicles24€5,056
Current assets29/58€44,798
Stocks and contracts in progress3€24,383
Stocks30/36€24,383
Amounts receivable within one year40/41€9,918
Trade receivables40€5,078
Other amounts receivable41€4,839
Cash at bank and in hand54/58€7,378
Deferred charges and accrued income490/1€3,120
Equity and liabilities
Total equity and liabilities10/49€65,751
Equity10/15€5,364
Contributions10/11€5,000
Reserves13€364
Distributable reserves133€364
Amounts payable17/49€60,386
Amounts payable within one year42/48€60,386
Trade debts44€50,603
Suppliers440/4€50,603
Taxes, remuneration and social security45€9,783
Taxes450/3€1,648
Remuneration and social security454/9€8,135
Line2025
Profit (loss) for the period9904€364
+ Depreciation and write-downs630€2,431
Operating cash flow (approximation)€2,795

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Public contracts: not fully processed yet. The notices from April 2019 to September 2026 are still being read.