Debts
€194,229 73% of the balance sheet
Financial debts 13%Taxes and wages 80%Other 7%
Of this, €168,401 falls due within a year.
KUBEY GROUP
Lifetime
6 annual accounts with figures on one time axispeak €430,656 (2024)
€430,656▲ 55.6%
lowest -€2,218 (2022)
€34,062▲ €34,302
peak €73,669 (2024)
€73,669▲ 86.0%
€194,229▼ 2.3%
Board1 name since 2019
1 directorUgur CALISKAN
Documentsfilings and deeds
09-10-202570 days late
2024micro format
Gross margin from €276,764 to €430,656Back to profit: €34,062Equity from €39,607 to €73,669Cash from €1 to €7,002
Key points
from the 2024 annual accountsFilings
6 annual accounts 99 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
47 companies
Checked score
32
Weak
Financially stronger than 54% of micro companies in land transport (NACE 49)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
12.7% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 9,101 companies (NACE 49, micro).
About 1 in 8 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 11.8%
01-2025: 11.8%● unchanged vs 12-2024
02-2025: 4.5%▼ -7.3 percentage points vs 01-2025
03-2025: 4.5%● unchanged vs 02-2025
04-2025: 4.6%▲ +0.1 percentage points vs 03-2025
05-2025: 4.5%▼ -0.1 percentage points vs 04-2025
06-2025: 4.4%▼ -0.1 percentage points vs 05-2025lowest value
07-2025: 4.7%▲ +0.3 percentage points vs 06-2025
08-2025: 5.5%▲ +0.8 percentage points vs 07-2025
09-2025: 5.6%▲ +0.1 percentage points vs 08-2025
10-2025: 6.3%▲ +0.7 percentage points vs 09-2025
11-2025: 4.7%▼ -1.6 percentage points vs 10-2025
12-2025: 4.7%● unchanged vs 11-2025
01-2026: 4.6%▼ -0.1 percentage points vs 12-2025
02-2026: 4.6%● unchanged vs 01-2026
03-2026: 6.5%▲ +1.9 percentage points vs 02-2026
04-2026: 7.0%▲ +0.5 percentage points vs 03-2026
05-2026: 7.4%▲ +0.4 percentage points vs 04-2026
06-2026: 7.2%▼ -0.2 percentage points vs 05-2026
07-2026: 7.3%▲ +0.1 percentage points vs 06-2026
08-2026: 8.7%▲ +1.4 percentage points vs 07-2026
09-2026: 9.4%▲ +0.7 percentage points vs 08-2026
10-2026: 12.7%▲ +3.3 percentage points vs 09-2026highest value
11-2026: 12.7%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Figures for financial year 2024 (filed on 11-10-2025)
1 financial year not filed after the legal deadline; last filed accounts filed 70 days late; 1 of the last 3 accounts late
Sector: Land transport and transport via pipelines (NACE 49)
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 49, micro). It does better than 39% of them on solvency, 17% on liquidity, 73% on profitability and 87% on growth.
The bankruptcy probability was computed on 06-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% 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, 6,713 companies had the same profile as KUBEY GROUP has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KUBEY GROUP itself is higher: 12.7% within 12 months. It rests on far more data about KUBEY GROUP 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 6,713 companies, not a prediction for KUBEY GROUP. 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
Credit of up to €2,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.21 (0.86 in 2023), below the usual 1.5. Short-term debt is 62.9% and cash 2.6% of total assets. 72.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 99 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline07-11-2026 today
raises risk · 2024 accounts filed 70 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
70 days late
2023
5 days early
2022
14 days late
2021
9 days late
2020
31 days late
2019
20 days late
← 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 23 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
Board and ownership
UC
Ugur CALISKAN
Director, since 30-07-2019
- CALISKAN UGUR 50 sharesdeed of 06-01-2023
Recent changes
Registered office moved within Brussels
New registered office: Avenue Brugmann 10, 1060 Bruxelles · Previous registered office: Avenue Louise 440, 1000 Bruxelles · Board meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0731685450
Registered office moved from Zaventem to Ixelles
New registered office: Louizalaan 440, 1050 Elsene · Previous registered office: Stationsstraat 73, 1930 Zaventem · General meeting of 12-01-2023 · Gazette deed
Transfer of 50 shares from TEZAOUI MUSTAFA to CALISKAN UGUR
General meeting of 30-09-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KUBEY GROUP Sint-Gillis (bij-Brussel) | €267,898 | €430,656 | 27.5% | - |
| OSKA TRANSPORT Evere | €243,446 | €433,369 | 29.3% | - |
| LORENT TRANS Ganshoren | €295,643 | €463,969 | 7.6% | - |
| PAK TRANS Berchem-Sainte-Agathe | €237,531 | €353,710 | 43.6% | - |
| SHEMA TRANSPORT Berchem-Sainte-Agathe | €262,381 | €329,398 | 29.5% | - |
| VRJ RENOV Schaerbeek | €219,554 | €361,281 | 27.3% | - |
| HOWELL TRANSPORT & LOGISTIQUE Ixelles | €309,360 | €531,760 | 82.3% | 7 |
These companies have the same main activity as KUBEY GROUP: freight transport by road (NACE 49410). They are comparable in size and age: total assets between €220,000 and €309,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 30-07-2019Normal situation
- Registered office
- 48 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Freight transport by roadNACE 49410
- Establishment unit
- 2.291.787.0291060 Sint-Gillis (bij-Brussel), since 30-07-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 23-12-2025
Annual accounts 2024
- ≈ €980,000estimated
- €267,898▲ 12.4%
- ≈ 5.5 FTEestimated
- Filing
- Filed on 09-10-2025
Insights on KUBEY GROUP
KUBEY GROUP files the micro format. That format states no turnover. The gross margin rose from €80 in 2019 to €430,656 in 2024.
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 KUBEY GROUP
- What is the company number of KUBEY GROUP?
- The company number of KUBEY GROUP is 0731.685.450. The VAT number is the same number with BE in front: BE 0731.685.450.
- Where is KUBEY GROUP based?
- The registered office is at Brugmannlaan 10, 1060 Sint-Gillis (bij-Brussel).Company details
- What does KUBEY GROUP do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of KUBEY GROUP?
- KUBEY GROUP is a private limited company (BV).
- When was KUBEY GROUP founded?
- KUBEY GROUP was founded on 30-07-2019.
- Is KUBEY GROUP still active?
- Yes, KUBEY GROUP is an active enterprise in the KBO register.
- How many employees does KUBEY GROUP have?
- KUBEY GROUP had an average of 5.6 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
- What is the turnover of KUBEY GROUP?
- The turnover in financial year 2024 is ≈ €980,000. This figure is estimated from the gross margin of €430,656 and 49 comparable companies (NACE 49410). It probably lies between €820,000 and €1.2m.
- Is KUBEY GROUP profitable?
- In financial year 2024, KUBEY GROUP made a profit of €34,062.
- Where can I find the annual accounts of KUBEY GROUP?
- KUBEY GROUP filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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